ADVFN - Advanced Financial Network.
HOME» NASDAQ » H » HBAN Stock Price » HBAN Stock News

Huntington Bancshares Share News

 Huntington Bancshares (mm) Stock Price
HBAN Stock Price
 Huntington Bancshares (mm) Stock Chart
HBAN Stock Chart
 Huntington Bancshares (mm) Stock News
HBAN Stock News
 Huntington Bancshares (mm) Company Information
HBAN Company Information
 Huntington Bancshares (mm) Stock Trades
HBAN Stock Trades

Huntington Bancshares Posts 4Q Profit;Loan Loss Provision Down

DOW JONES NEWSWIRES Huntington Bancshares Inc. (HBAN) swung to a fourth-quarter profit that topped analysts' estimates as revenue jumped and the bank set aside sharply less to cover loan losses. The Ohio regional bank has been reporting improved results lately as, like many other banks, it has set aside less to cover potential losses on improved credit quality. Standard & Poor's Ratings Services last month lifted Huntington from junk territory with a two-notch upgrade, citing its improved performance and plans to repay government rescue funds. In December, the bank repaid the $1.4 billion it received from the Troubled Asset Relief Program after raising $1.22 billion by selling stock and debt. Huntington posted a profit of $122.9 million, or 5 cents a share, compared with a year-earlier loss of $369.7 million, or 56 cents a share. The repurchase of government-rescue capital cut the latest result by 7 cents, while the prior-year period included 9 cents in gains from early debt extinguishment and tax impacts. Revenue rose 9.8% to $679.5 million. Analysts polled by Thomson Reuters most recently forecast a profit of 8 cents on $668 million in revenue. Such estimates typically exclude one-time items and other adjustments Loan-loss provisions were $87 million, down from $894 million a year earlier and $119.2 million in the prior quarter. Net charge-offs, loans lenders don't think are collectible, fell to 1.82% of average loans and leases from 4.8% a year earlier and 1.98% in the prior quarter. Nonperforming assets, those near default, were 2.21%, compared with 5.57% and 2.94%, respectively. Shares closed Wednesday at $7 and were inactive premarket. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Huntington Bancshares (HBAN)
01/25/201619:20:00Huntington Bancshares in Talks to Buy FirstMerit--Sources
01/21/201610:30:00Huntington Bancshares Profit Up 9%
11/09/201514:26:5610 Big Banks That Minimize This Important Risk
10/29/201513:40:00KeyCorp in Advanced Talks to Buy First Niagara
10/27/201507:18:02The 5 Highest-Yielding Regional Bank Stocks
10/22/201518:29:22Huntington Bancshares: What To Do Now
10/20/201512:10:00Finra Sanctions Securities Firms for Withholding UIT Discounts
09/30/201509:41:00U.S. Hot Stocks: Hot Stocks to Watch
09/22/201508:18:00Technical Data On Financial Sector Stocks -- Huntington Bancshares...
08/10/201509:25:00Technical Data on Regional - Midwest Banks Stocks -- KeyCorp...
07/23/201519:20:17Regional Banks Find a Way to Lift Profits
07/23/201518:39:29Regional Banks Find a Way to Lift Profits
07/19/201519:44:11Sales of Bonds With Floating Rates Sink
07/16/201518:53:12Janet Yellen Supports Changes to Systemically Important Distinction
06/17/201516:30:00Huntington Bancshares Incorporated to Announce 2015 Second Quarter...
06/17/201513:14:02Bank of America's Overdraft Policy Is Clearly Improving
06/10/201506:00:00Huntington Bank Continues Most Popular Ad Campaign in Its History...

Huntington Bancshares and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations