Huntington Bancshares (HBAN) Tops Q3 EPS by 1c
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Huntington Bancshares Incorporated Reports 2016 Third Quarter Earnings
October 26, 2016 7:31 AM EDTCOLUMBUS, OH -- (Marketwired) -- 10/26/16 -- Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) reported net income for the 2016 third quarter of $127 million, a $26 million, or 17%, decrease from the year-ago quarter, impacted by FirstMerit acquisition-related expenses. Earnings per common share for the 2016 third quarter were $0.11, down $0.07, or 39%, from the year-ago quarter. FirstMerit acquisition-related expenses totaled $159 million pretax, or $0.11 per common share. Total revenue increased 24% over the year-ago quarter.
"We are very excited about the third-quarter acquisition of FirstMerit, which has strengthened the return... More
