Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on Series I Preferred Stock
Huntington Bancshares Incorporated (Nasdaq: HBAN), a leading regional bank holding company with \(210 billion in assets, has announced a quarterly cash dividend declaration on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock. The dividend is set at \)356.25 per share, equivalent to $0.35625 per depositary share, payable on September 2, 2025, to shareholders of record as of August 15, 2025. This announcement was made public on June 27, 2025, as detailed in the company’s recent 8-K filing Source Document.
Huntington Bancshares, headquartered in Columbus, Ohio, operates 968 branches across 13 states, providing a comprehensive suite of banking, payments, wealth management, and risk management services to consumers, small and middle-market businesses, corporations, and municipalities.
Financial Context and Impact: - As of Q3 2024, Huntington Bancshares reported a net profit margin of 23.29%, reflecting strong profitability in its core banking operations. - The return on equity (ROE) stood at 2.51%, indicating moderate efficiency in generating shareholder returns. - The dividend per share for Q3 2024 was $0.1803, showing a consistent commitment to shareholder returns.
This dividend declaration on the Series I Preferred Stock underscores Huntington’s strategic focus on maintaining attractive returns for its preferred shareholders while managing its capital structure prudently. The preferred stock dividend yield of 5.70% is competitive within the regional banking sector, providing a stable income stream for investors.
Insights from Previous Earnings Calls: Huntington’s prior earnings calls have emphasized the importance of balancing growth with risk management, particularly in a fluctuating interest rate environment. The bank has highlighted its efforts to optimize net interest margins and control credit risk, which are critical drivers of its profitability and dividend capacity.
Forward-Looking Perspective: Given the current economic environment and Huntington’s financial metrics, the continuation of dividend payments at this level appears sustainable. The bank’s extensive branch network and diversified service offerings position it well to navigate economic uncertainties and capitalize on growth opportunities in the regional banking market.
In conclusion, Huntington Bancshares’ declaration of a quarterly cash dividend on its Series I Preferred Stock reflects its solid financial health and commitment to delivering value to its investors. This move aligns with the bank’s broader strategy of balancing profitability, risk management, and shareholder returns.
Tags: HBAN, Huntington Bancshares, Q3 2024, Preferred Stock Dividend, Regional Banking, Financial Performance