Huntington Bancshares (HBAN) Tops Q3 EPS by 2c

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Go back to Huntington Bancshares (HBAN) Tops Q3 EPS by 2c

Huntington Bancshares Incorporated Reports 2020 Third-Quarter Earnings

October 22, 2020 7:30 AM EDT

COLUMBUS, 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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