Huntington Bancshares (HBAN) Tops Q4 EPS by 2c
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Huntington Bancshares Incorporated Reports 2016 Fourth Quarter Results Including 19% Increase in Net Income
January 25, 2017 7:31 AM ESTCOLUMBUS, OH -- (Marketwired) -- 01/25/17 -- Huntington Bancshares Incorporated (NASDAQ: HBAN) (www.huntington.com) reported net income for the 2016 fourth quarter of $212 million, or a 19% increase from the year-ago quarter. Earnings per common share for the 2016 fourth quarter were $0.18, down 14% from the year-ago quarter. Excluding approximately $0.06 per common share after tax of FirstMerit acquisition-related net expenses, adjusted earnings per common share were $0.24. Return on average assets was 0.84%, while return on average tangible common equity was 11.4%. Total revenue increased 39% over the year-ago... More
