Huntington Bancshares Incorporated has decreased its prime rate from 7.00% to 6.75%, aiming to boost lending activities following its $7.4 billion acquisition of Cadence Bank. This strategic move comes on the heels of a reported net income of $523 million and a significant year-over-year revenue increase of 33.95%. Despite recent insider share sales totaling over 515,000, the bank's outlook is strong with a market capitalization of $32.13 billion and a stock price reflecting positive trader sentiment.
“Huntington Bancshares Inc · had · a net sale of 515,429 shares by insiders · during the past 18 months”
“Huntington Bancshares Incorporated · announced that its prime rate is decreasing from · 7.00 percent · 6.75 percent”
“Huntington Bancshares Incorporated · last changed its rate on · October 30, 2025 · decreasing from 7.25 percent to 7.00 percent”
“Huntington Bancshares Incorporated · is a · regional bank holding company · $223 billion asset”
“Huntington Bancshares Incorporated · was founded in · 1866”
“Huntington Bancshares Incorporated · operates · more than 1,000 branches · in 14 states”
“Huntington Bancshares Incorporated · decreases · its prime rate · 6.75 percent”
“Huntington Bancshares Incorporated · prime rate last changed · October 30, 2025 · decreasing from 7.25 percent to 7.00 percent”
“Huntington Bancshares · last closed at · $16.99 · against a fair value near $19.75”
“Huntington Bancshares Incorporated · has a total asset value of · 223 billion dollars · $223 billion”
“Huntington Bancshares Incorporated · was founded in the year · 1866 · 1866”
“Huntington operates branches in · number of states · 14 states · 14”