Huntington Bancshares

What's driving skyrocketing demand for boat, RV loans

10/07/20

Many consumers are taking to the highways and the water for safe getaways during the pandemic — powering one of the few bright spots in lending. However, bankers warn that boomlets usually come with distinctive credit risks.

[more]

Huntington launches automated savings tool

09/08/20

The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account.

[more]

Huntington pledges $20B to address racial, income inequality

09/01/20

The bank's five-year commitment will focus on providing more capital to small businesses and expanding access to affordable housing and home ownership.

[more]

Huntington aims to contain energy exposure, ride consumer lending

07/23/20

The Ohio company, which has beefed up its loan-loss reserves, raised the possibility of more sales of oil and gas credits and talked up strong retail segments such as its marine and RV loans.

[more]

2Q preview: Regional banks staring at steep profit declines

07/02/20

While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.

[more]

How long will banks have to keep padding loan-loss reserves?

06/11/20

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.

[more]

V-shaped recovery? More like a U, Huntington chief says

04/23/20

The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says.

[more]

Banks find creative ways to help cash-strapped health clinics

04/06/20

For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until they can get back to business as usual.

[more]

Wells Fargo, Comerica, BancShares: Bankers on the move

12/29/19

Wells Fargo's continued leadership shake-up led to more executive shuffling in the final two montsh of 2019.

[more]

Labor shortage crimps demand for commercial loans, bankers say

12/11/19

Many business customers are putting off expansion because they can’t find enough workers to fill available jobs.

[more]