Huntington Bancshares Inc (HBAN) Quote

Another quarter without a dividend increase. Long overdue.

I don't understand why you two are arguing about gold here?? And why you are doing it a year later?
Meanwhile, HBAN just reported earnings that was just OK I guess.
Stock has bounced off of $13.17 resistance a few times now and can't seem to break out. I was hoping to see a dividend boost this quarter.

Like I keep saying...LOL...one cannot eat or drink gold. Try bringing me a rock of gold for a roll of toilet paper...LOL...I'd tell you to go away and come back with something more tangible. 🤣

at $10.17 for me , im happy for now. its just for an IHUB contest....but being in healthcare you would think it would be going up.

Just looking back at some old posts. Over the last 20 years gold is up about 300%, which is GREAT for gold.
Now go look at AAPL. Now go add AAPL dividends.
Lets make this even easier. Had you bought the SPX ...
Stock market returns since 2000

This is a return on investment of 379.64%

Maybe. Coming to resistance at $12.146 and again at $12.66.
Once upon a time, HBAN would raise their dividend every July, typically by 10%. Sometimes they include a stock split (which is how I got so many shares).
I am glad to see the dividend back over 5%, but the way they got there doesn't thrill me.

little by little

Go back 200 more years. Now check and see how much dividend it pays.
Better check again your numbers though, believe you're off by a lot.

1975-$90 / 2023-$2000

You sure?

Lol that’s funny

Buying gold has been one of the worst investments in the history of mankind. Better off buying Poke'mon cards

Sounds just like something an American would say. You dissappear just like the dollar reserve status is. Buy physical boys. Thank me later. Miners to. Ways to go to catch gold prices;)

People keep recommending others to buy gold and silver. For all we know they could be investing in painted rocks, just like what happened to JP Morgen finding out the nickel they bought was bags of rocks? LOL

Well, that's your opinion.
Mine is, the Fed created this debacle and will let a few banks fall before offering a bailout.
The reality of both banking and insurance isn't that different from a giant Ponzi scheme. They take in money, then loan it out to others. If the faucet ever stops dripping, or people start demanding their money, there is no choice but to fail.

I see more RED days ahead. People need to question the TRUE information and value of EACH bank. Have the books been tampered with in EACH bank. If the books were truly up to par, none of this would be going on.

This is reminiscent of what happened when they let Lehman Brothers and a couple others fail, before coming in to bail out AIG and Goldman Sachs.
They've got to show the public they will let a couple fail for show, before they save the bigger boys.
Sadly, this time it's the regional banks to suffer.

Forget Gold and Silver. INVEST IN TOMATOES...LOL If when I look to get in here, it will be at $5.00

So funny. Getting bailed out with the same crap that created this from. Worthless paper currency. Keep an eye out of Asia. Xi will be speaking to the world in English. It’s the end of these worthless paper currencies!!! Better covert those things to physical gold and silver.

CCP was bailed out and no one else it seems. That's according to what I have read in the news.

MORE PAIN COMING!!! Just my opinion.

Not so much this time. Banks got twisted with an inverted yield curve. They've got to do something with the money they take in

Not all the Feds fault. The risks the banks take as well play a part. WH and Congressional policies are at fault as well.

Hope I'm allowed to re-post this, but this sums up our current bank crisis.

What the SVB closure may mean for markets
The closure is unlikely to trigger a crisis, but may have other impacts.

BY JURRIEN TIMMER, DIRECTOR OF GLOBAL MACRO FOR FIDELITY MANAGEMENT & RESEARCH COMPANY (FMRCO), FIDELITY VIEWPOINTS – 03/13/2023 5 MIN READ
Email Facebook. Twitter. LinkedIn. Print
Decorative image
Key takeaways
Regulators have put new measures in recent days to help ensure that the Silicon Valley Bank (SVB) closure doesn't escalate into a broader banking crisis.
However, what happened at SVB is indicative of a more widespread mismatch between bank assets and liabilities, which could have implications for bank profit margins.
It's too soon to tell if the events of the past week will influence the trajectory of the Fed's rate-hiking cycle.
News has been breaking fast in recent days in the aftermath of the closures of Silicon Valley Bank (SVB) and Signature Bank. While the news cycle has been moving quickly and markets are still adjusting, here is an initial look at what has happened so far, and what it may mean for markets.

What happened at SVB
About the expert

Jurrien Timmer is the director of global macro in Fidelity's Global Asset Allocation Division, specializing in global macro strategy and active asset allocation. He joined Fidelity in 1995 as a technical research analyst.

In very simple terms, SVB experienced massive deposit growth over the past few years. This was at least in part driven by a boom in venture capital. It invested a chunk of these deposits in long-dated bonds, at a time when yields were at generational lows.

As interest rates rose, the prices of those long-dated bonds fell (bond prices move inversely to interest rates), creating substantial investment losses for SVB. After SVB announced that it had lost $1.8 billion in asset sales, the bank attempted to raise additional investment capital last week, but was unable to. Many customers then rapidly withdrew deposits, and finally the bank was seized by regulators on Friday.

Once the dust has settled, we can discuss the causes of the SVB episode. But for now, the more pressing questions are: Could the events of the past week have the potential to escalate to a systemic event, such as a large-scale banking crisis? Even if not, could there be other impacts for the financial sector? And what might this episode mean for the Fed's rate-hiking cycle?

Here is my opinion, at this initial stage, on those questions.

This is unlikely to escalate into a systemic bank crisis
The US's primary safeguard against bank runs is, of course, FDIC insurance. FDIC standard insurance covers up to $250,000 per depositor, per bank, per account ownership category. While there was initially a lack of clarity over what might happen to SVB depositors holding more than that amount at the bank, the Fed, FDIC, and Treasury issued a joint statement over the weekend confirming that depositors would have access to all their money starting Monday.

Another weekend announcement from regulators was the creation of the Bank Term Funding Program, or BTFP, to serve as an additional backstop. The BTFP will lend money to banks that need cash to meet deposit withdrawals, and let banks use some types of bonds and debt assets as collateral for those loans (with the intention of helping to prevent repeat occurrences of what happened at SVB—so that banks don't need to sell bonds at losses in order to meet withdrawals).

In my opinion, these measures should help reduce any risk that the incident triggers a systemic event.

But further, it's important to remember that this has been primarily a liquidity event (i.e., there were insufficient liquid assets on hand to meet immediate cash demands), rather than a solvency crisis (such as one in which a bank simply has insufficient equity relative to its debt). The financial crisis in 2008 was both, and the regulation that followed has left the banking sector in a much stronger position.

Yet, there could be broader implications for the financial sector
Get more Viewpoints. Sign up for the Fidelity Viewpoints® weekly email for our latest insights. Subscribe now.
At the same time, this episode does bring to light the fact that banks have been paying depositors much less than competing short-term vehicles do. This typically happens during tightening cycles, but the spread is particularly large now—with banks generally paying about 0.5% on deposits right now, compared with a 4.5% average money-market yield.

After the events of the past week, banks may now have to start competing for those deposits, by paying higher rates. But paying higher rates on deposits could eat into net interest margins (the difference between what banks earn on the loans they make and pay on the deposits they hold), impacting the overall profitability of the financial sector. Even if they don't start offering higher rates on deposits, any banks that use the new BTFP lending facility will have to pay a rate significantly higher than current deposit rates.

So, even though SVB is unlikely to lead to a systemic crisis, it seems that there could indeed be some lasting repercussions for the financial sector.

Potential implications for the Fed's rate-hike cycle
There's an old adage that says during Fed tightening cycles, the Fed usually keeps raising rates until something "breaks." In 2007 it was subprime mortgages, in 1998 it was Long-Term Capital Management, and so on.

In my view, the key question right now is whether the collapse of SVB and the creation of the BTFP mark the "breaking point" for this Fed cycle. Because if so, it has implications for the valuation of all assets, including stocks.

What happened at SVB speaks to the overall asset-liability mismatch that is now happening for many institutions. Banks generally borrow at the short-term end of the yield curve (i.e., with deposits), and lend at the long-term end of the yield curve (i.e., with bonds and mortgages). Under normal conditions, short-term rates are lower than long-term rates, and so banks keep the difference between the short-term rates they pay and long-term rates they earn.

But currently the yield curve is "inverted," with short-term rates significantly higher than long-term rates. This inversion is, essentially, a by-product of the Fed's rate-hike cycle. And it's also led to the mismatch experienced by SVB and other institutions.

And herein lies the dilemma that the Fed faces. On the one hand, inflation remains too high and unemployment is at multi-decade lows—which suggests more rate hikes. But now, the Fed needs to create a liquidity backstop to solve a problem that is the very by-product of this rate-hike cycle.

I'm inclined to think that if the SVB saga fades into the background, then the Fed will resume its hawkish posturing. But if SVB is actually a shot across the bow that the Fed is going too far, then it will be a moment of truth for the Fed and for this market cycle. In that case, the Fed might have to choose between financial stability and containing inflation expectations.

The Fed is at fault for the banks tanking right now. Possibly the only thing to save them will be bailouts.....followed by more inflation.
Since you are writing a book, add a chapter on "what not to do".

Suggested reading, my posts on FRC

$SJIM

No one learns any lessons of bad choices and decisions if they keep getting bailed out. They have to learn to stand on their own.

One more thing, we have to get away from using taxpayer money from the Fed to bail out anyone. We have to let businesses AND banks succeed or fail on their own. This was one of the lessons and takeaways from 2008, at least from my perspective.

And that is with EVERY BANK!

Don't be fooled! Green days good, but IMHO, more Red to follow.

Lessons NOT LEARNED from 2008

EVERYTHING is way overpriced, food, housing, etc. This is part of my own discussion in a book I am writing. Greed has taken over and now everyone is paying the price for it. Just my own thoughts and views.

LMAO...Jim Cramer? I never listen to him or his advise. Typically I have found that things go the opposite way with him. Banks are going to go down further, IMO. There has been way too much hype on news everywhere. People doing business on hyped-up information and not by REALITY! Just my thoughts.

Thanks for that. Yeah, I knew this wasn't going to be something just sluffed off.
This is what happens when you jack with interest rates so quickly when they've been down for so long.
This would be the equivalent to deep sea diving and getting the bends.

https://www.cleveland.com/business/2023/03/stock-prices-of-keybank-huntington-and-pnc-fall-during-banking-industrys-bad-day-on-wall-street.html

THE JIM CRAMER EFFECT https://twitter.com/jimcramer/status/1635626965481799680

I don't think so. Notice FITB down today as well. I just think all regional banks dropped with the tides.

So, did I chase you away from bad investing?

Also, HBAN may have had something in SVIB. If not, and they take on any of SVIB's debt, this will have an effect on HBAN's overall reports. Just my thoughts.

Yeah...LOL...at a much lower price...LOL. Especially if government gets involved.

Sold a chunk of this stock via a CRT. Still lost about $50k so far today. I wouldn't describe this as having a good time

I've only been moderator of this board for how many years? Yet get removed if I don't post every 90 days. This isn't a penny stock! Not much to say here....well until this weekend

Maybe. Or maybe this is an obvious buy today here. More government buyouts coming. Sure! Let the tax payers pay for the risk the Silicon Valley took. Much of it tied to Bitcoin investing.
Doubt you'll be seeing that in the midwest.

THE CALIFORNIA CRASH IS AT HAND FINALLY...LOL. TAKE YOUR MONEY AND RUN LIKE HELL...LOL

HBAN RECORD Quarter: Huntington Bancshares Inc HBAN:NASDAQ
HUNTINGTON BANCSHARES INCORPORATED REPORTS 2022 FOURTH-QUARTER EARNINGS
PR Newswire
7:00 AM ET
Delivers Record Full-Year Net Income and Achievement of Medium-Term Financial Targets

2022 Fourth-Quarter Highlights:

-- Earnings per common share (EPS) for the quarter were $0.42, an increase of $0.03 from the prior quarter. Excluding the after tax impact of Notable Items, adjusted earnings per common share were $0.43.

-- Net interest income increased $58 million, or 4%, from the prior quarter, refl ecting net interest margin expansion of 10 basis points to 3.52% and higher average total loans and leases.

-- Pre-Provision Net Revenue (PPNR) increased $36 million, or 4%, from the prior quarter to $893 million. Excluding Notable Items, adjusted PPNR increased $41 million, or 5%, from the prior quarter to $908 million.

-- Average total loans and leases increased $1.9 billion, or 2%, from the prior quarter to $118.9 billion. Excluding the decrease in PPP loans, average total loans and leases increased $2.1 billion, or 2%, from the prior quarter.

-- Average total commercial loans and leases increased $1.8 billion, or 3%, and average total consumer loans increased $184 million from the prior quarter.

-- Ending total deposits increased $1.6 billion and average total deposits decreased $336 million from the prior quarter.

-- Net charge-offs of 0.17% of average total loans and leases for the quarter.

-- Nonperforming assets have declined six consecutive quarters.

-- Allowance for credit losses (ACL) of $2.3 billion, or 1.90%, of total loans and leases at quarter end.

-- Common Equity Tier 1 (CET1) risk-based capital ratio increased to 9.44%, within our 9% to 10% operating guideline.

-- Board of Directors approved a $1 billion share repurchase authorization for the next eight quarters.

2022 Full-Year Highlights Compared to Full-Year 2021:

-- Earnings per common share (EPS) for the year were $1.45, an increase of $0.55. Excluding after tax impact of Notable Items, adjusted earnings per common share were $1.50.

-- PPNR increased $1.4 billion, or 88%, from the prior year to $3.1 billion. Excluding Notable Items, adjusted PPNR increased $0.8 billion, or 36%, to $3.2 billion, r eflecting the benefits of the TCF Financial Corporation ("TCF") acquisition and organic growth.

-- Net income attributable to Huntington Bancshares Incorporated increased 73% to $2.2 billion.

-- Maintained solid credit quality with net charge-offs of 0.11% of average total loans and leases.

-- Completed the cost synergy program related to the acquisition of TCF.

-- Delivered on efficiency strategies through the continued optimization of the branch network by closing 63 branches during the year and announcement of an additional 31 branch closures to occur in the first quarter of 2023.

-- Successfully implemented additional Fair Play enhancements and expanded expertise and capabilities with the acquisitions of Capstone Partners and Torana.

Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2022 fourth quarter of $645 million, or $0.42 per common share, an increase of $244 million, or $0.16 per common share from the year-ago quarter.

https://mma.prnewswire.com/media/1840939/Huntington_Bank_Logo.jpg

Return on average assets was 1.41%, return on average common equity was 16.0%, return on average tangible common equity (ROTCE) was 26.0%.

CEO Commentary:

"We are very pleased with our outstanding financial performance for the fourth quarter which included the fourth consecutive quarter of record PPNR," said Steve Steinour, chairman, president and CEO. "The year was marked by the successful execution of key strategic initiatives and acquisition synergies which further expanded our capabilities and supported the achievement of our medium-term financial targets.

"Record full-year PPNR was driven by higher net interest income and noninterest income, along with disciplined expense management. We delivered broad-based loan growth and continued to grow our high quality deposit base over the course of the year. Strategic areas of focus for fee income also expanded, with capital markets achieving record revenue, withstrong core performance plus the acquisition of Capstone. We completed the cost synergies from TCF, which provided additional scale and efficiencies in numerous areas across the bank, even as we continued to invest in key revenue-producing initiatives.

"Credit continued to perform very well, with full-year net charge-offs of 11 basis points, well below our through-the-cycle target, and nonperforming assets declined for the sixth consecutive quarter.

"Given our growing capital base, and robust profitability profile, we are pleased to ann ounce a share repurchase program as we enter the new year, consistent with our capital priorities. While we recognize the uncertain economic outlook on the horizon, we enter 2023 from a position of strength. Huntington has never been better positioned to navigate through various economic scenarios, with solid capital levels and top tier reserve profile guided by our aggregate moderate-to-low risk appetite through the cycle. Business line momentum continues in the new year and we are driving value for shareholders."

The fourth quarter 2022 earnings materials, including the detailed earnings press release, quarterly financial supplement, and conference call slide presentation, are available on the Investor Relations section of Huntington's website,http://huntington.com/ In addition, the financial results will be furnished on a Form 8-K that will be available on the Securities and Exchange Commission website at www.sec.gov.

Conference Call / Webcast Information

Huntington's senior management will host an earnings conference call on January20, 2023, at 9:00a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877)407-8029; Conference ID #13734972. Slides will be available in the Investor Relations section of Huntington's website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately two hours after the completion of the call through January 28, 2023 at (877)660-6853 or (201)612-7415; conference ID #13734972.

Please see the 2022 Fourth Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com.

HBAN has really broken out nicely from its resistance. I'mma so happy!
However, what's weird is FITB has always broken out ahead of HBAN. So either FITB is getting ready to go also,
I miss the days when HBAN would raise their dividend 10% every July. Even pay you an extra 5% if you held the stock with them.
This used to be one of my biggest holdings, but sold half. Maybe time to dump many of my tech stocks and come back home.

$HBAN The heat is one folks.

Second Consecutive Quarter of Record Net Income with Total Revenue Up 9% Sequentially

2022 Third-Quarter Highlights:

Earnings per common share (EPS) for the quarter were $0.39, an increase of $0.04 from the prior quarter.

Net interest income increased $143 million, or 11%, from the prior quarter, reflecting net interest margin expansion of 27 basis points to 3.42% and higher average total loans and leases.

Noninterest income increased $13 million, or 3%, from the prior quarter, reflecting strength in capital markets supported by full quarter impact of Capstone.

Pre-Provision Net Revenue (PPNR), excluding Notable Items, increased $109 million, or 14%, from the prior quarter to $867 million.

Average total loans and leases increased $3.0 billion, or 3%, from the prior quarter to $117.0 billion. Excluding the decrease in PPP loans, average total loans and leases increased $3.3 billion, or 3%, from the prior quarter.

Average total commercial loans increased $1.8 billion, or 3%, and average total consumer loans increased $1.2 billion, or 2%, from the prior quarter.

Gotta love holding a stock already that opens up 7.2% on awesome news.

Banks are have a good hair week LOL

I made two lot buys already this month. For the long haul

Starting to wonder if the mortgage market quake will be good or bad for the banks...

Short term... Market seems to want to go way lower...
Almost bought more the last 2 days... but held off..Last 2 days are looking like a nasty Elliot Wave crash get a head of steam before there is bounce..

Dare I say its starting to act Un-BEAR-able?

I'm about to Buy