David Porteous - Huntington Bancshares Lead Independent Director

HBANP Preferred Stock  USD 17.65  0.17  0.97%   

Director

Mr. David L. Porteous is Lead Independent Director of Huntington Bancshares Inc. He is Attorney, McCurdy, Wotila Porteous, P.C. and Lead Director, Huntington. Mr. Porteous has practiced law for more than 38 years with a focus on corporate and municipal law and government relations. He was a partner with McCurdy, Wotila Porteous, P.C. since 2008, and prior to joining that firm he managed his own law practice for more than 20 years. He is a consultant with the international law firm of Akin Gump Strauss Hauer Feld LLP in its Washington, D.C. office. Mr. Porteous is a recognized authority on economic development and has served on the boards of directors of the Michigan Economic Development Corporation, the Michigan Economic Growth Authority, where he was chairman of the executive committee, the Michigan Strategic Fund, where he was chairman, and the Michigan Chamber of Commerce. Mr. Porteous is a former director of the Federal Home Loan Bank of Indianapolis where he also chaired the audit committee. He also was on the board of trustees of Michigan State University for more than eight years and was chairman of the board from 2003 to 2006 and was a member of its finance and audit committees. He is also on the board of the Michigan State University College of Law and serves on its executive committee. Mr. Porteous served as a director of Jackson National Life Insurance of New York from 2002 to 2016, where he has served as a member of the audit, risk and compensation committees. Mr. Porteous has also served as a director of The Huntington National Bank since 2004. Mr. Porteous regularly lectures on corporate governance and was one of three finalists for the New York Stock Exchange 2015 Independent Lead Director of the Year award since 2007.
Age 63
Tenure 17 years
Phone614 480 2265
Webhttps://www.huntington.com
Porteous has an extensive legal background and possesses valuable experience in corporate and finance related matters, as well as an extensive knowledge of Huntington’s markets.

Huntington Bancshares Management Efficiency

The company has return on total asset (ROA) of 0.0126 % which means that it generated a profit of $0.0126 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1213 %, meaning that it generated $0.1213 on every $100 dollars invested by stockholders. Huntington Bancshares' management efficiency ratios could be used to measure how well Huntington Bancshares manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 9.69 B in total debt. Debt can assist Huntington Bancshares until it has trouble settling it off, either with new capital or with free cash flow. So, Huntington Bancshares' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Huntington Bancshares sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Huntington to invest in growth at high rates of return. When we think about Huntington Bancshares' use of debt, we should always consider it together with cash and equity.

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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. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio. Huntington Bancshares operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 19997 people. Huntington Bancshares Incorporated (HBANP) is traded on NASDAQ Exchange in USA. It is located in Huntington Center, Columbus, OH, United States, 43287 and employs 20,007 people. Huntington Bancshares is listed under Banking category by Fama And French industry classification.

Management Performance

Huntington Bancshares Leadership Team

Elected by the shareholders, the Huntington Bancshares' board of directors comprises two types of representatives: Huntington Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huntington. The board's role is to monitor Huntington Bancshares' management team and ensure that shareholders' interests are well served. Huntington Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Huntington Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
David Anderson, Principal Accounting Officer, Executive VP and Controller
Ann Crane, Independent Director
John Gerlach, Independent Director
Helga Houston, Senior Executive Vice President Chief Risk Officer
Nancy Maloney, Executive Vice President Controller
Richard Neu, Independent Director
Daniel Neumeyer, Senior Executive Vice President Chief Credit Officer of The Huntington National Bank
Sandra Pierce, Senior Executive Vice President Private Client Group & Regional Banking Director, and Chair of Michigan
Timothy Sedabres, Ex Relations
Michael Endres, Director
Richard Cheap, General Counsel, Secretary; EVP, General Counsel, Secretary, Cashier of The Huntington National Bank
Richard Remiker, Executive Vice President; Head Commercial Banking of Huntington National Bank
Howell McCullough, CFO, Senior Executive Vice President
Zachary Wasserman, CFO EVP
Julie Tutkovics, EVP Officer
Lizabeth Ardisana, Director
Michael Jones, Head EVP
Stephen Steinour, Chairman, CEO and President Member of Executive Committee, Chairman of The Huntington National Bank, CEO of The Huntington National Bank and President of The Huntington National Bank
Eddie Munson, Director
Rajeev Syal, Chief Human Resource Officer
Barbara Benham, Executive Vice President and Director - Corporate Communications and Government Relation
Mary Navarro, Sr. Executive VP, Retail and Bus. Banking Director and Sr. Executive VP of the Huntington National Bank
Steven Elliott, Independent Director
John Inglis, Director
Gina France, Director
Robert Cubbin, Director
Paul Heller, Chief Technology and Operations Officer and Sr. Executive VP
Jonathan Levy, Independent Director
Nicholas Stanutz, Sr. Executive VP of Asset Based Lending, Commercial Real Estate and Auto Fin. Group
Michael Hochschwender, Director
James Dunlap, Sr. Executive VP and Director of Regional Banking and The Huntington Private Client Group
Jana Litsey, Sr Counsel
Kathleen Ransier, Independent Director
David Porteous, Lead Independent Director
Thomas Shafer, Sr VP
Mark Thompson, Senior Executive Vice President
Peter Kight, Independent Director

Huntington Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Huntington Bancshares a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Huntington Bancshares in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Huntington Bancshares' short interest history, or implied volatility extrapolated from Huntington Bancshares options trading.

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Please note, there is a significant difference between Huntington Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntington Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.