$HBAN (Huntington Bancshares Incorporated)

$HBAN {{ '2015-10-22T14:15:24+0000' | timeago}} • Webcast

$HBAN's 3Q15 tangible book value per share grew 5% YoverY to $6.88. $HBAN received an unfavorable ruling on a decade-old legal matter, resulting in a $38MM or a $0.03 per share charge in 3Q15. The company is fully reserved on this matter and will be appealing the ruling.

$HBAN {{ '2017-07-21T14:12:38+0000' | timeago}} • Infographic

$HBAN Huntington Bancshares Incorporated Earnings AlphaGraphic: Q2 2017 Highlights

$HBAN {{ '2017-07-21T13:05:19+0000' | timeago}} • Announcement

$HBAN's net interest margin of 3.31% in 2Q17 increased 25 BPs from the year-ago quarter. Average earning assets recorded 35% YoY jump. Average loans and leases rose 30% in the quarter with average total deposits escalating to 38%.

$HBAN {{ '2017-07-21T12:57:45+0000' | timeago}} • Announcement

$HBAN still projects FY17 revenue growth in excess of 20%, as it expects economic activity to modestly improve during 2H17. The firm's average balance sheet growth, driven largely by the FirstMerit acquisition, is expected to be in excess of 20%, with loan growth of 4-6% for the year.

$HBAN {{ '2017-07-21T12:47:41+0000' | timeago}} • Announcement

Earnings of $HBAN more than doubled in 2Q17 on a 47% rise in net interest income (NII). The Columbus, Ohio-based bank reported earnings applicable to common shares of $253MM, or $0.23 per share, an increase of 63% YoY. Excluding certain items, earnings were $0.26 a share. The company posted NII of $756MM, with revenue growing 37% to $1.08Bil.

$HBAN {{ '2017-06-29T13:03:41+0000' | timeago}} • Announcement

$HBAN received no objection from the Federal Reserve for proposed capital actions. The actions include a 38% increase in quarterly dividend to $0.11 per common share, starting in 4Q17, and repurchase of up to $308MM of common stock over the next four quarters from July 1, 2017 through June 30, 2018.

$HBAN {{ '2017-04-19T14:27:20+0000' | timeago}} • Webcast

$HBAN said that Fed's December rate increase helped in core margin increasing 7 basis points in 1Q17. The company expects its core margin to expand in 2Q17 from the March rate increase.

$HBAN {{ '2017-04-19T12:07:44+0000' | timeago}} • Announcement

$HBAN's average total deposits for 1Q17 increased $21Bil, or 38%, from the year-ago quarter, while average total core deposits increased $20.1Bil, or 39% YoY. Reported noninterest income for the quarter increased $71MM, or 29%, from the year-ago quarter, primarily reflecting the impact of the FirstMerit acquisition.

$HBAN {{ '2017-04-19T12:04:49+0000' | timeago}} • Announcement

$HBAN expects FY17 revenue growth to be in excess of 20%, while avg. balance sheet growth, driven largely by the FirstMerit acquisition, is expected to be in excess of 20%. On a period-end basis, $HBAN expects loan growth of 4-6%. Overall, asset quality metrics are expected to remain near current levels.

$HBAN {{ '2017-04-19T11:57:49+0000' | timeago}} • Announcement

Bank holding company $HBAN posted an increase in 1Q17 earnings, helped by higher net interest income. Net income increased 21.41% to $208MM from $171.31MM a year ago. However, diluted EPS fell 15% to $0.17 per share from $0.20 per share a year earlier. Net interest income increased 45.1% to $730MM.

$HBAN {{ '2017-03-23T18:35:20+0000' | timeago}} • Announcement

$HBAN said Andy Harmening is joining the company as Senior EVP, Consumer and Business Banking Leader, following the retirement of Mary Navarro. He will join $HBAN in May from Bank of the West, where he served as Vice Chairman, Consumer Banking.

$HBAN {{ '2017-03-16T12:05:42+0000' | timeago}} • Announcement

$HBAN increased its prime rate to 4.00% from 3.75%, effective Mar. 16, 2017. The last rate increase was on Dec. 15, 2016.

$HBAN {{ '2017-01-25T13:38:03+0000' | timeago}} • Announcement

$HBAN reported that 4Q16 results reflect the inclusion of FirstMerit for the entire quarter. During 4Q16, the company also completed the previously announced divestiture of its thirteen branches in the Canton, Ohio and Ashtabula, Ohio markets to $FCF.

$HBAN {{ '2017-01-25T13:31:46+0000' | timeago}} • Announcement

For 2017, $HBAN expects both revenue and average balance sheet, including the FirstMerit acquisition, growth to be in excess of 20%. On a period-end basis, the company expects loan growth to be 4-6%. $HBAN expects to implement all FirstMerit-related cost savings by 3Q17.

$HBAN {{ '2017-01-25T13:27:43+0000' | timeago}} • Announcement

$HBAN, which completed the acquisition of FirstMerit, a subsidiary of FirstMerit Bank, in Aug. 2016, reported a 19% rise in 4Q16 net income. However, EPS dropped 14% compared to the year-ago quarter. Net income was $212MM or $0.18 per share vs. $178MM or $0.21 per share in 4Q15. Total revenue surged 39% to $1.1Bil.

$HBAN {{ '2017-01-20T17:58:53+0000' | timeago}} • Announcement

$HBAN's BoD declared a quarterly cash dividend of $0.08 per common share, unchanged from the prior quarter. The dividend is payable on April 3, 2017 to shareholders of record on March 20, 2017.

$HBAN {{ '2016-12-15T13:52:45+0000' | timeago}} • Announcement

$HBAN increased its prime rate from 3.50% to 3.75%, effective December 15, 2016.

$HBAN {{ '2016-10-26T18:06:49+0000' | timeago}} • Webcast

$HBAN said its top priority is to integrate FirstMerit and grow its core business. The company said its strategies are now working and it expects to see "solid" results in the upcoming quarters, and gain market share.

$HBAN {{ '2016-10-26T17:57:52+0000' | timeago}} • Webcast

$HBAN's average total loans grew 24% YoverY, excluding the 18% growth from the FirstMerit. Average core deposits grew 22% YoverY, excluding 3% growth from the FirstMerit.

$HBAN {{ '2016-10-26T14:32:31+0000' | timeago}} • Announcement

Excluding special items, $HBAN expects total revenues for the full year 2016 to increase 16%-18% with the assumption that non-interest expenses will rise 13%-15%. The company expects effective tax rate for 2016 to be in the 24%-25% range, excluding special items which are taxed at an approximate 35% rate.

$HBAN {{ '2016-10-26T14:29:18+0000' | timeago}} • Announcement

Bank holding company $HBAN reported 3Q16 net income of $127MM, or $0.11 per share, down 17% from a year ago, impacted by expenses related to the company's FirstMerit acquisition. FirstMerit acquisition-related expenses totaled $159MM pretax, or $0.11 per share. Net interest income rose 24% to $625MM.

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