Huntington Bancshares (HBAN) Reports In-Line Q1 EPS

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Go back to Huntington Bancshares (HBAN) Reports In-Line Q1 EPS

Huntington Bancshares Incorporated Reports 2016 First Quarter Earnings Including 7% Year-Over-Year Revenue Growth and 5% Year-Over-Year EPS Growth

April 20, 2016 6:55 AM EDT

COLUMBUS, OH -- (Marketwired) -- 04/20/16 -- Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) reported net income for the 2016 first quarter of $171 million, a $5 million, or 3%, increase from the year-ago quarter. Earnings per common share for the 2016 first quarter were $0.20, up $0.01, or 5%, from the year-ago quarter. Return on average assets was 0.96%, while return on average tangible common equity was 11.9%. Total revenue increased 7% over the year-ago quarter.

"We are pleased to have delivered solid performance for the 2016 first quarter with strong year-over-year... More