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COLUMBUS - Huntington Bancshares Incorporated (NASDAQ:HBAN) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.155 per common share, unchanged from the previous quarter. The dividend will be payable October 1, 2025, to shareholders of record on September 17, 2025. The bank currently offers a 3.65% dividend yield and has maintained dividend payments for 55 consecutive years, according to InvestingPro data.
The $208 billion asset regional bank holding company, currently trading at an attractive P/E ratio of 12.68 and valued at $24.37 billion in market capitalization, also declared quarterly cash dividends on five series of its preferred stock. These include dividends on its Floating Rate Series B, 5.625% Series F, 4.450% Series G, 4.5% Series H, and 6.875% Series J preferred stocks. All preferred stock dividends will be payable October 15, 2025, to respective shareholders of record on October 1, 2025. InvestingPro analysis indicates the stock is currently trading below its Fair Value.
For the Series H preferred stock (NASDAQ:HBANP), the quarterly dividend will be $11.25 per share, equivalent to $0.28125 per depositary share. The Series J preferred stock (NASDAQ:HBANL) will receive $17.19 per share, equivalent to $0.42975 per depositary share.
Founded in 1866, Huntington operates 971 branches across 13 states, offering banking, payments, wealth management, and risk management products and services to consumers and businesses.
The dividend announcement was made in a press release issued by the company.
In other recent news, Huntington Bancshares has reported its Q2 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.34, compared to the forecasted $0.33. The company’s revenue also saw an 8% year-over-year increase, showcasing strong business performance. Additionally, Huntington Bancshares has announced the acquisition of Veritex, which is expected to enhance its market presence in Texas. This strategic move is aligned with the company’s growth initiatives and is anticipated to bolster its position in a region with significant economic potential.
Furthermore, the company has raised its full-year net interest income guidance to 8-9% growth. Analyst firms RBC Capital Markets and UBS have taken note of the company’s strong performance and strategic decisions, with discussions on the potential impact of the Veritex acquisition on Huntington’s growth trajectory. Despite these positive developments, the company has also revised its expense growth guidance upward to 5-6%, reflecting increased operational costs.
Huntington Bancshares’ management has expressed confidence in their strategic initiatives, emphasizing the acquisition’s potential to accelerate growth in Texas. The company continues to demonstrate robust financial health, with a notable increase in average loan balances and a stable credit performance. These recent developments highlight Huntington Bancshares’ ongoing efforts to drive growth and enhance shareholder value.
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