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HU3 - Huntington Bancshares Inc News Story

€7.7 -0.3  -3.8%

Last Trade - 22/09/20

Sector
Financials
Size
Large Cap
Market Cap £7.27bn
Enterprise Value £15.32bn
Revenue £3.65bn
Position in Universe 118th / 1041

BRIEF-Huntington Bancshares posts Q4 adj. earnings $0.24/shr

Wed 25th January, 2017 12:30pm
Jan 25 (Reuters) - Huntington Bancshares Inc  HBAN.O  
    * Huntington Bancshares Incorporated reports 2016 fourth 
quarter results including 19 pct increase in net income 
    * Q4 earnings per share $0.18 
    * Q4 revenue rose 39 percent 
    * Q4 earnings per share view $0.22 -- Thomson Reuters 
I/B/E/S 
    * Q4 adjusted earnings per share $0.24 excluding items 
    * Huntington Bancshares Inc - integration of Firstmerit 
continues to go well, and remains on track for branch conversion 
in mid-February 
    * Huntington Bancshares Inc - provision for credit losses 
increased to $75 million in 2016 Q4 compared to $36 million in 
2015 Q4 
    * Huntington Bancshares Inc qtrly FTE net interest income 
$748 million versus $505 million 
    * Huntington Bancshares Inc - qtrly net charge-offs 
increased $22 million, or 99 pct, to $44 million 
    * Huntington Bancshares Inc - tangible common equity to 
tangible assets ratio was 7.14 pct at December 31, 2016, down 68 
basis points from a year ago 
    * Huntington Bancshares Inc - common equity tier 1 
risk-based capital ratio was 9.53 pct at December 31, 2016, down 
from 9.79 pct at December 31, 2015 
 
Source text for Eikon:  ID:nMKWlwZHGa  
Further company coverage:  HBAN.O  
 
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