Profile: Huntington Bancshares Inc (HBAN.OQ)
27 May 2016
Huntington Bancshares Incorporated, incorporated on April 14, 1966, is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services. It operates through five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. The Company offers commercial and industrial loans, commercial real estate loans, automobile loans, home equity loans, residential mortgage loans and other consumer loans. The Company offers demand deposits-noninterest-bearing, demand deposits-interest-bearing, money market deposits, savings and other domestic deposits, core certificates of deposit, other domestic time deposits of $250,000 or more, and brokered time deposits and negotiable certificate of deposits (CDs). The Company's total loans and leases are approximately $50.3 billion and total deposits are approximately $55.2 billion.
Retail and Business Banking
The Company's Retail and Business Banking segment provides a range of financial products and services to consumer and small business customers, including checking accounts, savings accounts, money market accounts and small business loans. Other financial services offered to consumer and small business customers include investments, insurance, interest rate risk protection, foreign exchange and treasury management. The Company serves customers primarily through its network of branches in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky. The Company also offers its customers online banking, mobile banking, telephone banking and automated teller machines (ATMs) services.
The Company's Commercial Banking segment provides a range of products and services to the middle market, large corporate and government public sector customers. The Commercial Banking segment is divided into seven business units: middle market, large corporate, specialty banking, asset finance, capital markets, treasury management and insurance. Middle Market Banking focuses on providing banking solutions to companies with annual revenues of $20 million to $500 million. Corporate Banking works with companies with annual revenues over $500 million. Specialty Banking offers products and services to select industries that operate in the Midwest. Asset Finance is a combination of its Equipment Finance, Public Capital, Asset Based Lending and Lender Finance divisions that focus on providing financing solutions against these respective asset classes. Capital Markets' product capabilities include corporate risk management services, and institutional sales, trading and underwriting. The Capital Markets Group offers a range of risk management tools, including commodities, foreign exchange and interest rate hedging services. Its institutional sales, trading and underwriting team provides access to capital and investment solutions for both municipal and corporate institutions. Its treasury management teams help businesses manage their working capital programs and reduce expenses. Its liquidity solutions help customers save and invest, while its payables and receivables capabilities help them manage purchases and the receipt of payments for goods and services. Insurance brokerage business engages in commercial property and casualty, employee benefits, personal lines, life and disability and specialty lines of insurance. The Company also provides brokerage and agency services for residential and commercial title insurance and excess and surplus product lines of insurance.
Automobile Finance and Commercial Real Estate
The Company's Automobile Finance and Commercial Real Estate segment provides lending and other banking products and services to customers outside of its traditional retail and commercial banking segments. Its products and services include providing financing for the purchase of vehicles by customers at franchised automotive dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships and financing for land, buildings and other commercial real estate owned or constructed by real estate developers, automobile dealerships or other customers with real estate project financing needs. Its Automotive Finance team services automobile dealerships, its owners and consumers buying automobiles through these franchised dealerships. Its Commercial Real Estate team serves real estate developers and real estate investment trusts (REITs) with borrowing needs that are secured by commercial properties.
Regional Banking and The Huntington Private Client Group
The Company's Regional Banking and The Huntington Private Client Group (RBHPCG) segment operates through approximately 10 regional banking markets. The Huntington Private Client Group is organized into units consisting of The Huntington Private Bank, The Huntington Trust and The Huntington Investment Company. Its private banking, trust and investment functions focus in the Midwest and Florida. The Huntington Private Bank provides customers with deposit, lending (including specialized lending options) and banking services. The Huntington Trust also delivers wealth management and legacy planning through investment and portfolio management, fiduciary administration, trust services and trust operations. It also provides retirement plan services and corporate trust to businesses and municipalities. The Huntington Investment Company, a broker-dealer and investment advisor, provides investment solutions for its customers. It also offers a range of products and services, including brokerage, annuities, advisory and other investment products.
The Company's Home Lending segment originates and services consumer loans and mortgages for customers who are located in its banking markets. Consumer and mortgage lending products are distributed through the Retail and Business Banking segment, as well as through commissioned loan originators. Home Lending earns interest on loans held in the warehouse and portfolio, earns fee income from the origination and servicing of mortgage loans and recognizes gains or losses from the sale of mortgage loans. Home Lending supports the origination and servicing of mortgage loans across all segments.
Huntington Bancshares Inc
41 S High St # HC0917
COLUMBUS OH 43215-6101
Company Web Links
- BRIEF-Huntington Bancshares Q1 earnings per share $0.20
- DIARY-U.S. EARNINGS WEEK AHEAD
- Fitch Affirms Huntington Bancshares' at 'A-' Following FirstMerit Acquisition Announcement
- Huntington Bancshares to buy FirstMerit Corp for about $3.4 billion
- UPDATE 2-Huntington Bancshares to buy FirstMerit Corp for about $3.4 bln