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HU3 - Huntington Bancshares Inc News Story

€7.4 -0.2  -2.0%

Last Trade - 7:06am

Large Cap
Market Cap £6.95bn
Enterprise Value £15.05bn
Revenue £3.67bn
Position in Universe 125th / 1039

BRIEF-Huntington Bancshares Q1 earnings per share $0.19

Wed 22nd April, 2015 11:55am
April 22 (Reuters) - Huntington Bancshares Inc  HBAN.O : 
 * Reports 11% year-over-year increase in net income and 12% year-over-year 
   increase in earnings per common share 
 * Q1 earnings per share $0.19 
 * Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S 
 * Says declared a quarterly cash dividend on the company's common stock of 
   $0.06 per common share 
 * Board authorized the repurchase of up to $366 million of common shares over 
   the five quarters through the 2016 second quarter 
 * Qtrly $15 million, or 2%, increase in fully-taxable equivalent revenue 
 * Qtrly net charge-offs declined to 0.20% of average loans and leases, down 
   from 0.40% 
 * Says qtrly provision for credit losses $ 20.6 million versus $ 24.6 million 
 * Tangible common equity to tangible assets ratio was 7.95% at March 31, 2015, 
   down 68 basis points from a year ago 
 * Says average total deposits for the 2015 first quarter increased $4.5 
   billion, or 10%, from the year-ago quarter 
 * Says excluding significant items and net msr activity, we expect to deliver 
   positive operating leverage in 2015 
 * Huntington -expect noninterest expense growth of 2-4%, excluding significant 
   items and recurring expense related to the macquarie acquisition in 2015 
* Source text for Eikon  ID:nBw1fw2mva  
* Further company coverage  HBAN.O  
 ((Bengaluru Newsroom; +1 646 223 8780))
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