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; matthew.jarzemsky@dowjones.com

Stock News for Huntington Bancshares (HBAN)
DateTimeHeadline
04/16/201413:42:24U.S. Hot Stocks: Hot Stocks to Watch
04/16/201413:05:44Huntington Bancshares' Earnings Drop Slightly
03/17/201410:28:03Huntington Bancshares Taps U.S. Bancorp Executive McCullough...
01/16/201409:35:05US Hot Stocks: Hot Stocks to Watch
11/15/201308:53:19D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations -2-
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Sales
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Purchases
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest Purchases
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
10/30/201319:12:20Minnesota Attorney General Takes Aim at Debt-Buying Firm -- Update
10/30/201316:52:17Minnesota Attorney General Takes Aim At Debt-Buying Firm

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad