Huntington Bancshares (HBAN) Misses Q2 EPS by 2c
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Huntington Bancshares Incorporated Reports 2016 Second Quarter Net Income of $175 Million and Earnings per Common Share of $0.19
July 21, 2016 6:55 AM EDTCOLUMBUS, OH -- (Marketwired) -- 07/21/16 -- Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) reported net income for the 2016 second quarter of $175 million, a $22 million, or 11%, decrease from the year-ago quarter. Earnings per common share for the 2016 second quarter were $0.19, down $0.04, or 17%, from the year-ago quarter. FirstMerit acquisition-related expenses totaled $21 million pretax, or $0.02 per common share. Return on average assets was 0.96%, while return on average tangible common equity was 11.0%. Total revenue increased 1% over the year-ago quarter.
"We continued to deliver solid 2016 performance during the... More
