Huntington Bancshares Incorporated (HBAN) is currently priced at $16.61, up by 0.48% from the previous close. The trading volume is $7.54 million, 23.95% higher than average. Notable positive price movement is observed today.
HBAN's latest quarterly earnings report was released on Wednesday, April 22nd, with a consensus estimate EPS of 0.36. The company is meeting earnings expectations.
HBAN offers a forward dividend yield of 3.73%, with a dividend per share of 15.5 cents on a trailing twelve-month basis, indicating a consistent distribution to investors.
Piper Sandler upgraded HBAN's grade from "Underweight" to "Neutral" on April 23rd, suggesting a favorable outlook for the company.
The company's operating cash flow stands at $829 million, with a net change in cash of $757 million, reflecting strong financial performance in generating and managing cash.
HBAN reported a net income of $523 million, with an EPS of 26 cents. The company's revenue was $3.77 billion, with a gross profit margin of 64.09%, indicating efficient cost management.
Key ratios show HBAN's solid financial health, with a net profit margin of 13.88%, return on equity of 1.61%, and a price-to-earnings ratio of 13.98, signaling favorable valuation metrics.
With total assets of $285.37 billion and total liabilities of $252.79 billion, HBAN maintains a healthy balance sheet, supported by $37.65 billion in total current assets.
This real-time financial report portrays HBAN's positive performance and financial stability in the current trading session.
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.