Current Report Filing (8-k)
March 11 2015 - 4:59PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported):
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March 11, 2015
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Huntington Bancshares Incorporated
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(Exact name of registrant as specified in its charter)
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Maryland
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1-34073
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31-0724920
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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41 South High Street, Columbus, Ohio
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43287
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
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614-480-8300
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Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 11, 2015, Huntington Bancshares Incorporated (Huntington) was notified by the Federal Reserve that it had no objection to Huntington's proposed capital actions included in Huntington's capital plan submitted to the Federal Reserve in January of this year. These actions included a 17% increase in the quarterly dividend per common share to $0.07, starting in the fourth quarter of 2015, and the potential repurchase of up to $366 million of common stock over the five-quarter period through the second quarter of 2016. Huntington's Board of Directors is expected to consider the next quarterly dividend and the share repurchase program at its April 21, 2015 meeting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Huntington Bancshares Incorporated
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March 11, 2015
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By:
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Richard A. Cheap
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Name: Richard A. Cheap
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Title: Secretary
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Exhibit Index
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Exhibit No.
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Description
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99.1
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News release of Huntington Bancshares Incorporated dated March 11, 2015.
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HUNTINGTON
NEWS
FOR IMMEDIATE RELEASE
March 11, 2015
Analysts: Mark Muth (mark.muth@huntington.com), 614.480.4720
Media: Maureen Brown (maureen.brown@huntington.com), 614.480.5512
HUNTINGTON BANCSHARES RECEIVES NO OBJECTION FROM THE FEDERAL RESERVE FOR PROPOSED CAPITAL ACTIONS,
INCLUDING AN INCREASE OF THE QUARTERLY DIVIDEND TO $0.07 PER COMMON SHARE IN THE FOURTH QUARTER OF
2015 AND THE REPURCHASE OF UP TO $366 MILLION OF COMMON STOCK
COLUMBUS, Ohio Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) was
notified by the Federal Reserve that it had no objection to Huntingtons proposed capital actions
included in Huntingtons capital plan submitted to the Federal Reserve in January of this year.
These actions included a 17% increase in the quarterly dividend per common share to $0.07, starting
in the fourth quarter of 2015, and the potential repurchase of up to $366 million of common stock
over the five-quarter period through the second quarter of 2016. Huntingtons Board of Directors
is expected to consider the next quarterly dividend and the share repurchase program at its April
21, 2015 meeting.
We are pleased to have earned the opportunity to increase our capital return to our shareholders
for the second consecutive year under the CCAR process, said Stephen D. Steinour, chairman,
president and CEO. The Federal Reserves non-objection to our intended capital actions is
indicative of our strong capital levels and financial performance. Our intended capital actions
reflect our well-articulated capital priorities, with reinvesting excess capital in the organic
growth of the business remaining our top priority.
About Huntington
Huntington Bancshares Incorporated is a $66 billion asset regional bank holding company
headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, and its affiliates
provide full-service commercial, small business, and consumer banking services; mortgage banking
services; treasury management and foreign exchange services; equipment leasing; wealth and
investment management services; trust services; brokerage services; customized insurance brokerage
and service programs; and other financial products and services. The principal markets for these
services are Huntingtons six-state retail banking franchise: Ohio, Michigan, Pennsylvania,
Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network
of more than 700 traditional branches and convenience branches located in grocery stores and
retirement centers, and through an array of alternative distribution channels including internet
and mobile banking, telephone banking, and more than 1,500 ATMs. Through automotive dealership
relationships within its six-state retail banking franchise area and selected other Midwest and
Northeast states, Huntington also provides commercial banking services to the automotive dealers
and retail automobile financing for dealer customers.
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