Last $9.12 USD
Change Today -0.01 / -0.11%
Volume 11.7M
HBAN On Other Exchanges
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As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

huntington bancshares inc (HBAN) Snapshot

Open
$9.06
Previous Close
$9.13
Day High
$9.18
Day Low
$9.06
52 Week High
09/19/14 - $10.30
52 Week Low
11/8/13 - $8.64
Market Cap
7.5B
Average Volume 10 Days
11.4M
EPS TTM
$0.74
Shares Outstanding
817.0M
EX-Date
12/17/14
P/E TM
12.3x
Dividend
$0.24
Dividend Yield
2.19%
Current Stock Chart for HUNTINGTON BANCSHARES INC (HBAN)

huntington bancshares inc (HBAN) Related Businessweek News

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huntington bancshares inc (HBAN) Details

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company’s Retail and Business Banking segment offers various financial products and services, including checking, savings, and money market accounts; certificates of deposit, consumer loans, and small business loans and leases; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury management services to consumer and small business customers. Its Regional and Commercial Banking segment provides commercial lending; depository and liquidity management products; treasury management solutions; equipment leasing; international services; and capital markets services, such as interest rate risk protection, foreign exchange hedging and sales, trading of securities, mezzanine investment capabilities, and employee benefit programs to not-for-profit, health-care, and publicly traded entities. The company’s Automobile Finance and Commercial Real Estate segment offers financing for the purchase of automobiles, and new and used vehicle inventory by automotive dealerships; and land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Wealth Advisors, Government Finance, and Home Lending segment provides investment management and servicing; custody, and corporate trust and retirement plan services; and administrative and operational support to fund to high net worth customers. The company also offers online, mobile, and telephone banking; and brokerage and wealth management services. As of February 13, 2014, it had approximately 700 branches and 1,500 automated teller machines in Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

11,946 Employees
Last Reported Date: 10/17/14
Founded in 1866

huntington bancshares inc (HBAN) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Technology & Operations Officer and Sen...
Total Annual Compensation: $675.0K
Senior Executive Vice President, Retail & Bus...
Total Annual Compensation: $515.0K
Senior Executive Vice President and Director ...
Total Annual Compensation: $495.0K
Senior Executive Vice President of Asset Base...
Total Annual Compensation: $465.0K
Compensation as of Fiscal Year 2013.

huntington bancshares inc (HBAN) Key Developments

Huntington Bancshares Announces Expansion Plans; Plans to Close 26 Branch Offices

Huntington Bancshares is stepping up its move into Giant Eagle and Meijer stores as it looks to pare its more traditional branch-office network. The bank announced that it will add 50 in-store locations in 2015 and plans to close 26 branch offices throughout its Midwest footprint by the end of this year. The news came as the bank reported earnings for its third quarter. The 26 offices that will close include those that are close to new in-store offices. The branch consolidation is part of a reorganization the bank announced in August that will save as much as $35 million a year. The reorganization includes cutting 200 jobs.

Huntington Bancshares Incorporated Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

Huntington Bancshares Incorporated announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced net interest income of $466,335,000 compared to $424,852,000 for the same period a year ago. Income before income taxes was $208,886,000 compared to $243,883,000 for the same period a year ago. Net income was $155,016,000 compared to $178,836,000 for the same period a year ago. Net income applicable to common shares was $147,052,000 compared to $170,869,000 for the same period a year ago. Net income per common share, diluted was $0.18 compared to $0.20 for the same period a year ago. Book value per common share at end of period was $7.24 compared to $6.70 for the same period a year ago. Tangible book value per common share at end of period was $6.53 compared to $6.09 for the same period a year ago. Return on average assets was 0.97% compared to 1.27% for the same period a year ago. Return on average common shareholders' equity was 9.9% compared to 12.3% for the same period a year ago. Return on average tangible common shareholders' equity was 11.4% compared to 14.2% for the same period a year ago. For the nine months, the company announced net interest income of $1,363,889,000 compared to $1,273,959,000 for the same period a year ago. Income before income taxes was $632,220,000 compared to $658,555,000 for the same period a year ago. Net income was $468,778,000 compared to $483,110,000 for the same period a year ago. Net income applicable to common shares was $444,887,000 compared to $459,206,000 for the same period a year ago. Net income per common share, diluted was $0.53 compared to $0.54 for the same period a year ago. Return on average assets was 1.02% compared to 1.16% for the same period a year ago. Return on average common shareholders' equity was 10.2% compared to 11.2% for the same period a year ago. Return on average tangible common shareholders' equity was 11.7% compared to 12.9% for the same period a year ago. For the third quarter ended September 30, 2014, the company announced net charge-offs of $30,023,000 compared to $55,742,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter of fiscal 2014. The company expects to report net interest income to increase slightly in fourth quarter 2014. The company anticipates an increase in earning assets as total loans moderately grow and investment securities increase modestly. However, those benefits to net interest income are expected to be partially offset by continued downward pressure on NIM. Noninterest income, excluding the impact of any net MSR activity, is expected to remain near the current quarter's level. The effective tax rate for the remainder of 2014 is expected to be in the range of 25% to 28%, primarily reflecting the impacts of tax-exempt income, tax-advantaged investments, general business credits, and the change in accounting for investments in qualified affordable housing projects.

Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on its Series A and B Preferred Stocks, Payable on January 15, 2015

Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock of $21.25 per share. The dividend is payable January 15, 2015, to shareholders of record on January 1, 2015. The board of directors also declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock of $7.3265000 per share (equivalent to $0.1831625 per depositary receipt share). The dividend is payable on January 15, 2015, to shareholders of record on January 1, 2015.

 

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Industry Analysis

HBAN

Industry Average

Valuation HBAN Industry Range
Price/Earnings 12.9x
Price/Sales 2.8x
Price/Book 1.3x
Price/Cash Flow 11.9x
TEV/Sales NM Not Meaningful
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