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HUNTINGTON BANCSHARES INCORPORATED

(HBAN)
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Huntington Bancshares Incorporated : Bank Takes Top Spotá Nationally For SBA 7(A) Loan Origination By Volume For Fourth Consecutive Year

10/08/2021 | 09:32am EST

October 8, 2021

Contact:

Emily Smith, Emily.Smith@huntington.com(614) 480-6834

HUNTINGTON BANK TAKES TOP SPOT NATIONALLY FOR SBA 7(A) LOAN

ORIGINATION BY VOLUME FOR FOURTH CONSECUTIVE YEAR

13th consecutive year Huntington has led SBA 7(a) loan originations within its footprint

COLUMBUS, Ohio Huntington National Bank (Nasdaq: HBAN; www.huntington.com) is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the fourth consecutive year at the close of SBA fiscal year 2021, further strengthening its position as the leader in supporting small businesses. This also marks the 13th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.

The number of businesses Huntington helped through SBA lending in each footprint state through the 2021 fiscal year1 includes:

This announcement follows Huntington's efforts throughout the pandemic to support its customers. It processed more than 47,000 Paycheck Protection Program loans across its footprint this year, for a total of 85,000 since 2020. These loans provided support to businesses during an extremely difficult time and further demonstrated the bank's commitment to looking out for people.

1 Fiscal year is Oct. 1, 2020-Sept. 30, 2021. Numbers include SBA loans made by TCF Financial in its Michigan market prior to the merger with Huntington.

"We believe that when small businesses succeed, so do individuals and communities," explained Steve Rhodes, Huntington's Business Banking Director. "That's why we are so dedicated to helping small businesses achieve their goals. In another challenging year for businesses, we are pleased to have provided our trusted experience and assistance to so many customers who depend on us."

"The pandemic continues to show the value of the Small Business Administration and how a wide range of businesses can benefit from SBA loans," said Huntington's SBA Program Director, Maggie Ference. "We are especially proud this year to have supported our small businesses with this important source of capital, while at the same time working side-by-side with customers to help them access vital Paycheck Protection Program funds. It's a credit to our entire organization."

Huntington is currently bolstering its Business Banking presence and teams in Minnesota and Colorado. Bankers will bring Huntington's deep expertise and robust products and services to small businesses in expanded markets added through the TCF transaction.

Huntington continues to invest in its communities to support economic inclusion and to help make our customers and our communities more financially secure in the future. On June 16, the bank announced a new strategy to tackle social, racial, environmental and economic inequities across its footprint by committing $40 billion toward its new Community Plan. This includes expanding its Small Business lending programs into its new footprint following the merger with TCF Financial Corporation and committing $10 billion over five years, of which $2 billion will focus on lending to minority-owned businesses or businesses operating in majority-minority communities.

The SBA 7(a) lending program provides government backing, enabling small business lenders to extend credit to business owners who are not yet able to access conventional bank financing. For more information, visit www.huntington.com/SmallBusiness/loans/sba-guarantee-business-loans.

About Huntington

Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $175 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,100 branches in 12 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

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Disclaimer

Huntington Bancshares Incorporated published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 13:31:04 UTC.


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Financials (USD)
Sales 2021 6 031 M - -
Net income 2021 1 259 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,0x
Yield 2021 3,96%
Capitalization 22 232 M 22 232 M -
Capi. / Sales 2021 3,69x
Capi. / Sales 2022 3,29x
Nbr of Employees 20 908
Free-Float 96,7%
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Last Close Price 15,37 $
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Stephen D. Steinour Chairman, President & Chief Executive Officer
Zachary J. Wasserman Chief Financial Officer & Senior Executive VP
Paul G. Heller Senior EVP, Chief Operations & Technology Officer
David L. Porteous Lead Independent Director
Richard Westman Neu Independent Director
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