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Stock Market & Financial Investment News

News Breaks
January 16, 2014
09:48 EDTHBANHuntington Bancshares sees continued downward pressure on FY NIM
Says economic uncertainty remains a hurdle to solid loan growth and competitiveness of the market is intense. Says interest income expected to moderately grow. Anticipates an increase in earning assets as total loans moderately grow and investment securities remain near current levels. Says FY NIM will experience continued downward pressure due to competitive loan pricing and growth in investment securities. Excluding the impact of net MSR activity, noninterest income is expected to be slightly lower than recent levels. Expenses, excluding the significant items, are expected to remain near current levels. Says committed to delivering positive operating leverage for FY14. Comments from slides that will be presented on the Q4 earnings conference call.
News For HBAN From The Last 14 Days
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October 17, 2014
07:38 EDTHBANHuntington expects near-tern improvement in interest rate enviornment
The company says, "We continue to be pleased with our healthy lending pipeline and the strength of the economies within our footprint. We are looking forward to a solid finish for 2014, as we remain on track to deliver another year with positive operating leverage. We are not expecting a near-term improvement in the interest rate environment. However, we are committing to delivering positive operating leverage again in 2015 as we will continue to prudently manage expenses in alignment with our revenue growth outlook. Net interest income is expected to increase slightly in Q4. We anticipate an increase in earning assets as total loans moderately grow and investment securities increase modestly. However, those benefits to net interest income are expected to be partially offset by continued downward pressure on NIM. Noninterest income, excluding the impact of any net MSR activity, is expected to remain near the current quarter’s level. Noninterest expense, excluding Significant Items, is expected to remain near the current quarter’s adjusted level. Fourth quarter 2014 is expected to include approximately $10M of Significant Items related to the already announced franchise repositioning activities. We will continue to look for ways to reduce expenses, while not impacting our previously announced growth strategies and our high level of customer service. Overall, asset quality metrics are expected to remain near current levels, although moderate quarterly volatility also is expected, given the absolute low level of problem assets and credit costs. We anticipate NCOs will remain within or below our long-term normalized range of 35 to 55 basis points. The effective tax rate for the remainder of 2014 is expected to be in the range of 25%-28%, primarily reflecting the impacts of tax-exempt income, tax-advantaged investments, general business credits, and the change in accounting for investments in qualified affordable housing projects."
07:37 EDTHBANHuntington Bancshares reports Q3 net interest income $466.3M
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07:34 EDTHBANHuntington Bancshares reports Q3 revenue $721.2M, consensus $716.43M
07:32 EDTHBANHuntington Bancshares ups dividend from 5c to 6c
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07:31 EDTHBANHuntington Bancshares reports Q3 EPS 18c, consensus 19c
Reports Q3 net charge-offs declined to 0.26% of average loans and leases, down from 0.53% in the year-ago quarter.

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