COLUMBUS, Ohio, May 9, 2019 /PRNewswire/ -- Huntington
Bancshares Incorporated (Nasdaq: HBAN) has published its 2018
Environmental, Social and Governance (ESG) Report, which
highlights how Huntington's
commitment to shareholders, customers, colleagues and communities
leads to meaningful economic impact in its local markets throughout
the Midwest.
The ESG report provides a comprehensive, fully transparent
review of the progress Huntington
is making toward its Environmental, Social and Governance strategy,
with an emphasis on economic outcomes for customers and
communities. Huntington's
integrated approach to these critical areas is essential to
delivering sustainable, long-term value to investors.
"At Huntington, our purpose is to look out for people. Every
day, our highly engaged colleagues are committed to making people's
lives better, helping businesses thrive and strengthening the
communities we serve. This enables us to deliver long-term value to
our investors and to create shared economic value locally where we
operate," said Steve Steinour,
chairman, president and CEO. "Because we're purpose-driven in all
we do, we're able to align the interests of the many stakeholders
Huntington serves."
The economic benefit Huntington
provides individuals, families, businesses and communities reflects
the bank's purpose to look out for people. Economic highlights for
2018 include:
- Building Economically Inclusive Communities and
Neighborhoods: Huntington has
achieved 60 percent of its transformational, five-year,
$16.1 billion community development
plan in just the second year. In 2018, the bank committed nearly
$1 billion in community development
loans and investments supporting affordable housing across the
Midwest – reflecting the bank's total focus on mortgage lending,
transportation and the support of small- and medium-sized
businesses. This ambitious, people-focused commitment increases
affordable housing rentals and homeownership, and transforms
neighborhoods. Huntington's
commitment to serving homeowners and building vibrant communities
is reflected in its "Outstanding" rating under the U.S. Community
Reinvestment Act.
- Fueling America's Small Business Engine: Huntington is once again the #1 originator of
small-business loans through the Small Business Administration's
7(a) loan program in the markets we serve.* Huntington backs up its lending commitment
with excellent service, earning the #1 spot in the Midwest in the
J.D. Power 2018 U.S. Small Business Banking Satisfaction Study.
Huntington's robust support of
small business promotes job growth in a sector that accounts for
two out of every three new jobs in America.
- Extending a Hand to Entrepreneurs: Microlending – loans
from as little as a few thousand dollars up to $250,000 – helps turn the dreams of entrepreneurs
into reality. Huntington is an
industry leader in microlending and in 2018 made nearly 3,500 loans
in this category. Additionally, at the end of 2018, thousands of
entrepreneurs were enjoying the benefits of Huntington's Voice Business Credit
Card,SM which is tailored to their needs and helps them
dream even bigger.
Other highlights from the 2018 ESG report that illustrate the
progress Huntington is making
under its "Purpose Drives Performance" approach to serving
stakeholders include:
- Reporting 2018 net income of $1.39
billion, with per-share earnings of $1.20, a 20 percent increase from 2017
- Investing in colleagues, including raising the minimum starting
hourly wage to $16 in 2019, enhancing
health-care plans, and extending family leave
- Achieving 42 percent gender and racial diversity in middle and
executive management on the way to its 2021 goal of 50 percent;
achieving overall workforce diversity of 67 percent
- Increasing spending with diverse suppliers by 32 percent over
2017, representing 26 percent of the bank's total supplier spending
and supporting more than 2,100 jobs
- Reducing Huntington's
environmental impact through completion of nearly 600 environmental
sustainability projects and growing the number of ENERGY
STAR® certified facilities from 50 to 117
About Huntington
Huntington Bancshares Incorporated is a regional bank holding
company headquartered in Columbus,
Ohio, with $108 billion of
assets and a network of 898 full-service branches, including 12
Private Client Group offices, and 1,727 ATMs across eight
Midwestern states. Founded in 1866, The Huntington National Bank
and its affiliates provide consumer, small business, commercial,
treasury management, wealth management, brokerage, trust, and
insurance services. Huntington
also provides vehicle finance, equipment finance, national
settlement, and capital market services that extend beyond its core
states. Visit huntington.com for more information.
*Small Business Administration (SBA) loans subject to
eligibility. Huntington is the #1
SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West
Virginia, Western
Pennsylvania and Wisconsin.
Source: U.S. Small Business Administration from October 1, 2008, to September 30, 2018. Huntington is #1 in the nation in number of
SBA 7(a) loans for fiscal year ending September 30, 2018.
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