Huntington Bancshares (HBAN) Tops Q3 EPS by 2c
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Huntington Bancshares Incorporated Reports 2020 Third-Quarter Earnings
October 22, 2020 7:30 AM EDTCOLUMBUS, Ohio, Oct. 22, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) reported net income for the 2020 third quarter of $303 million, a 19% decrease from the year-ago quarter. Earnings per common share for the 2020 third quarter were $0.27, down 21% from the year-ago quarter. Tangible book value per common share as of 2020 third quarter-end was $8.43, a 2% year-over-year increase. Return on average assets was 1.01%, return on average common equity was 10.2%, and return on average tangible common equity was 13.2%. Third-quarter results were impacted by elevated credit provisioning related to the ongoing uncertain economic outlook.
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