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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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February 24, 2015
06:06 EDTHBANHuntington Bancshares agrees to purchase Macquarie Equipment Finance
Huntington Bancshares announced the signing of a definitive agreement for Huntington National Bank to purchase Bloomfield Hills, Michigan-based Macquarie Equipment Finance. With approximately $500M of annual originations, MEF-US is the largest standalone, vendor independent provider of specialized technology financing with customer-centric asset management services in the United States. Huntington will acquire Macquarie Equipment Finance’s U.S. business from its ultimate parent company, Sydney, Australia-based Macquarie Group. Under the terms of the agreement, Huntington will acquire approximately $900M of assets and assume approximately $630M of debt, securitizations, and other liabilities. The acquisition is expected to be accretive to Huntington’s earnings in the first year and is anticipated to be completed by March 31, 2015.

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