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HU3 - Huntington Bancshares Inc News Story

€7.4 -0.2  -2.0%

Last Trade - 7:06am

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

BRIEF-Huntington Bancshares reports Q2 earnings per share $0.23

Fri 21st July, 2017 12:30pm
July 21 (Reuters) - Huntington Bancshares Inc  HBAN.O  
    * Huntington Bancshares incorporated reports record 
quarterly earnings 
    * Q2 earnings per share $0.23 
    * Quarterly revenue rose 37 percent 
    * Q2 earnings per share view $0.23 -- Thomson Reuters 
I/B/E/S 
    * Q2 adjusted earnings per share $0.26 excluding items 
    * Huntington Bancshares Inc - Tangible common equity to 
tangible assets ratio was 7.41% at June 30, 2017, down 55 basis 
points from a year ago 
    * Huntington Bancshares Inc - Qtrly net interest income - 
fte $ 757 million versus $516 million last year 
    * Huntington Bancshares Inc - Common equity tier 1 (cet1) 
risk-based capital ratio was 9.88% at June 30, 2017, up from 
9.80% a year ago 
    * Huntington Bancshares Inc - Expect full-year revenue 
growth to be in excess of 20% 
    * Huntington Bancshares Inc - Remain on track to implement 
all firstmerit-related cost savings by end of 2017 Q3 
    * Huntington Bancshares Inc qtrly net charge-offs equated to 
0.21 percent of average loans and leases 
    * Huntington Bancshares Inc - "Expect economic activity will 
modestly improve during second half" 
    * Huntington Bancshares Inc - Remain committed to annual 
goal to deliver positive operating leverage 
    * Huntington Bancshares Inc - Provision for credit losses of 
$25 million in Q2 2017 was consistent with the $25 million 
provision in the year ago quarter 
    * Huntington Bancshares Inc - Board authorized repurchase of 
up to $308 million of common shares over four quarters through 
2018 Q2 
    * Huntington Bancshares Inc qtrly net charge-offs $36 
million versus $17 million in previous year 
 
Source text for Eikon:  ID:nPnbMTZlGa  
Further company coverage:  HBAN.O  
 
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