Huntington Bancshares Incorporated Reports 2020 First Quarter Earnings
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Huntington Bancshares (HBAN) Misses Q1 EPS by 14c
April 23, 2020 7:34 AM EDTHuntington Bancshares (NASDAQ: HBAN) reported Q1 EPS of $0.03, $0.14 worse than the analyst estimate of $0.17.
2020 First Quarter Highlights compared with 2019 First Quarter:
Fully-taxable equivalent total revenue increased $9 million, or 1%.Fully-taxable equivalent net interest income decreased $33 million, or 4%.Net interest margin decreased 25 basis points to 3.14%.Noninterest income increased $42 million, or 13%, driven by a $37 million, or 176%, increase in mortgage banking income.Noninterest expense decreased $1 million, or less than 1%.Efficiency ratio of 55.4%, down from 55.8%.Average loans and leases increased $0.9 billion, or 1%, year-over-year, including a $0.7 billion, or 2%,... More