Huntington Bancshares Incorporated Reports 2020 Second Quarter Earnings
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Huntington Bancshares (HBAN) Tops Q2 EPS by 9c
July 23, 2020 7:33 AM EDTHuntington Bancshares (NASDAQ: HBAN) reported Q2 EPS of $0.13, $0.09 better than the analyst estimate of $0.04.
2020 Second Quarter Highlights compared with 2019 Second Quarter:
Fully-taxable equivalent total revenue decreased $5 million, or less than 1%.Fully-taxable equivalent net interest income decreased $22 million, or 3%.Net interest margin decreased 37 basis points to 2.94%.Noninterest income increased $17 million, or 5%, driven by a $62 million, or 182%, increase in mortgage banking income.Noninterest expense decreased $25 million, or 4%.Efficiency ratio of 55.9%, down from 57.6%.Average loans and leases increased $5.3 billion, or 7%, including a $4.8 billion, or 13%, increase in average... More