Huntington Bancshares Incorporated

NASDAQ HBAN

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Huntington Bancshares Incorporated Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending September 30, 2023: -1.56%

Huntington Bancshares Incorporated Accounts Payable Turnover Ratio 5 year CAGR is -1.56% for the quarter ending September 30, 2023, a 56.98% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Huntington Bancshares Incorporated Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 0.01, a 18.13% change year over year.
Huntington Bancshares Incorporated Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 0.01, a -16.33% change year over year.
Huntington Bancshares Incorporated Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 0.01, a 0.92% change year over year.
Huntington Bancshares Incorporated Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 0.01, a -4.55% change year over year.

NASDAQ: HBAN

Huntington Bancshares Incorporated

CEO	Mr. Stephen D. Steinour
IPO Date	March 26, 1990
Location	United States
Headquarters	Huntington Center, Columbus, OH, United States, 43287
Employees	19,719
Sector	Financial Services
Industry	Banks - regional

Description

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free checking, money scout, $50 safety zone, standby cash, early pay, instant access, savings goal getter, and Huntington heads up; digitally powered consumer and business financial solutions to consumer lending, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans, as well as dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. The company offers equipment financing, asset-based lending, distribution finance, structured lending, and municipal financing solutions, as well as Huntington ChoicePay. In addition, it offers lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.

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