Huntington Bancshares Incorporated (OQ:HBAN)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 41 South High Street COLUMBUS OH 43287 |
| Tel: | N/A |
| Website: | https://www.huntington.com |
| IR: | See website |
| Key People | ||
| Stephen D. Steinour Chairman of the Board, President, Chief Executive Officer of Huntington and President and CEO of Huntington Bank | Prashant Nateri Executive Vice President, Chief Corporate Operations Officer | Zachary Jacob Wasserman Chief Financial Officer, Senior Executive Vice President |
| Rajeev Syal Chief Human Resource Officer, Senior Executive Vice President | Kendall Kowalski Executive Vice President, Chief Information Officer | Helga S. Houston Senior Executive Vice President, Chief Risk Officer |
| Marcy C. Hingst Senior Executive Vice President, General Counsel | Amit Dhingra Executive Vice President, Chief Enterprise Payments Officer | Scott D. Kleinman Senior Executive Vice President, President - Commercial Banking | Brendan Lawlor Executive Vice President, Chief Credit Officer |
| Business Overview |
| Huntington Bancshares Incorporated is a diversified regional bank holding company. The Company, through its bank subsidiary, Huntington National Bank and its subsidiaries (the Bank), provides consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Its Consumer & Regional Banking segment provides an array of financial products and services to consumer and business customers including, but not limited to, deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. Its Commercial Banking segment provides expertise through bankers, capabilities, and digital channels, which include a comprehensive set of product offerings. Its target clients span from mid-market to large corporates across a national footprint. |
| Financial Overview |
| For the three months ended 31 March 2024, Huntington Bancshares Incorporated interest income increased 17% to $2.38B. Net interest income after loan loss provision decreased 11% to $1.18B. Net income applicable to common stockholders decreased 33% to $383M. Net interest income after loan loss provision reflects Commercial Banking segment decrease from $937M to $0K, Consumer and Business Banking segment decrease from $544M to $0K. |
| Employees: | 19,955 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $35,978M as of Mar 31, 2024 |
| Annual revenue (TTM): | $9,268M as of Mar 31, 2024 |
| EBITDA (TTM): | $3,618M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,627M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $13,887M as of Mar 31, 2024 |
| Shares outstanding: | 1,449,254,147 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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