SCOTTSDALE, Ariz., May 13, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic® network, signed an agreement engaging Capstone Partners, a full-service middle market investment bank with specialization in refranchising. President and Chief Executive Officer Peter D. Holt said, "As we continue our strategy to refranchise the vast majority of our corporate clinic portfolio, it is imperative we select the most effective franc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Huntington Bancshares Incorporated (Exact name of registrant as specified in its charter) Maryland 1-34073 31-0724920 (State or other jurisdiction of incorporation or organization) (Commission File Number) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

COLUMBUS, Ohio, April 19, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter.  The common stock cash dividend is payable July 1, 2024, to shareholders of record on June 17, 2024. In addition, the Board declared quarterly cash dividends on six series of its preferred stock: A quarterly cash dividend on its Floating Rate Series ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings per common share of $0.26 and adjusted EPS of $0.28, with notable items impacting EPS by $0.02 per common share [35] - Net interest income decreased by $27 million or 2% to $1,300 million, with net interest margin declining sequentially to 3.01% [71][72] - Return on Tangible Common Equity (ROTCE) was 14.2% for the quarter, adjusted for notable items it was 15.3% [42] Business Line Data and Key Metrics Changes - Average loan balances increased by 1.3% year-over-year, with total commercial loans increasing by $691 million [69] - Average deposits increased by $1.1 billion in the first quarter, with a year-over-year increase of $4.6 billion or 3.1% [70] - Non-interest-bearing balances decreased by $1.3 billion or 4% from the prior quarter, with expectations for stabilization during 2024 [71] Market Data and Key Metrics Changes - The cumulative deposit beta ended at 43%, consistent with expectations for this point in the rate cycle [70] - Credit quality remained stable with net charge-offs of 30 basis points, which is in the lower half of the through-the-cycle range [56] Company Strategy and Development Direction - The company is focused on executing organic growth strategies, with expectations for accelerated loan growth and sustained deposit growth [67] - Investments in new markets and bankers are expected to support expanding loan pipelines, with a strong emphasis on capital markets, payments, and wealth management [51][52] - The company aims to maintain a strong capital position, with common equity tier 1 at 10.2% and adjusted common equity tier 1 at 8.5% [34][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic environment, noting underlying strength and proactive lending activities [104] - The outlook for net interest income remains unchanged, with expectations for growth driven by accelerating loan growth and effective balance sheet management [66][57] - The company anticipates a higher rate scenario will produce a higher overall net interest margin [74] Other Important Information - The company incurred $32 million of incremental expense related to the FDIC Deposit Insurance Fund Special Assessment [53] - The company has reduced its office portfolio by about $500 million over the past four quarters, indicating a cautious approach to commercial real estate [13] Q&A Session Summary Question: What is the outlook for net interest income given the current rate environment? - Management indicated that the outlook for net interest income remains within a range of down 2% to up 2%, primarily due to higher deposit costs [91][106] Question: How is the loan demand and pipeline looking for the upcoming quarters? - Management reported a robust commercial pipeline with strong growth expected in the second quarter, supported by new initiatives and market expansions [93][127] Question: Can you elaborate on the fee income outlook? - The company expects continued expansion in fee income, particularly in capital markets, driven by accelerating commercial loan production [136]

Huntington Bancshares Incorporated (HBAN) has reported first-quarter 2024 adjusted earnings per share of 28 cents (excluding FDIC Deposit Insurance Fund special assessment), surpassing the Zacks Consensus Estimate of 25 cents. In the prior-year quarter, the company reported earnings per share of 39 cents.Results have reflected improvements in average loans and deposits. However, a fall in net interest income (NII) and elevated expenses were headwinds.The company has reported a net income applicable to commo ...

Wall Street analysts expect Huntington Bancshares (HBAN) to post quarterly earnings of $0.25 per share in its upcoming report, which indicates a year-over-year decline of 34.2%. Revenues are expected to be $1.74 billion, down 9.8% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a comp ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Huntington Bancshares (HBAN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 19, 2024, might help the stock move higher if these key numbers are better th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

COLUMBUS, Ohio, April 4, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced plans to host conference calls to review quarterly financial results on the following dates and times: First quarter 2024 – Friday, April 19, 2024 at 8 a.m. ET Second quarter 2024 – Friday, July 19, 2024 at 8 a.m. ET Third quarter 2024 – Thursday, October 17, 2024 at 9 a.m. ET Fourth quarter 2024 – Thursday, January 23, 2025 at 9 a.m. ET First quarter 2025 – Thursday, April 24, 2025 at 9 a.m. ET ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________________________________________________________________________________________________________________________ FORM 10-K _________________________________________________________________________________________________________________________________________________________________________ ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchan ...