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Last $11.70 USD
Change Today +0.099 / 0.85%
Volume 5.5M
HBAN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 3:42 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

huntington bancshares inc (HBAN) Key Developments

Huntington Bancshares Incorporated Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Year 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

Huntington Bancshares Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $196.2 million or $0.23 per diluted share compared with $164.6 million or $0.19 a share in the year-earlier period. These results equated to a 1.16% return on assets and a 14.4% return on tangible common equity compared to a 1.07% return on assets and a 12.4% return on tangible common equity a year ago. Return on average common shareholders’ equity was 12.3% against 10.8% a year ago. Revenue increased 8.8% to $772.5 million. Revenue growth was benefited equally from spread revenues and fee income. Net interest income grew 7% while fee income grew 13%. Net interest income was $490.7 million compared with $460 million a year ago. Income before income taxes was $260.3 million compared with $222.1 million a year ago. Net income applicable to common shares was $188.2 million compared with $156.7 million a year ago. Book value per common share at end of period was $7.61 compared with $7.17 a year ago. For the six months, the company reported net income of $362 million or $0.42 per diluted share compared with $313.8 million or $0.36 per diluted share in the year-earlier period. These results equated to a 1.09% return on assets and a 13.3% return on tangible common equity compared to a 1.04% return on assets and a 12.4% return on tangible common equity a year ago. Return on average common shareholders’ equity was 11.5% against 10.3% a year ago. Net interest income was $958.4 million compared with $897.6 million a year ago. Income before income taxes was $480.1 million compared with $423.3 million a year ago. Net income applicable to common shares was $346.1 million compared with $297.8 million a year ago. For the quarter, the company reported net charge-offs were $25.375 million against $28.643 million a year ago. For the full year 2015, the company expects revenue growth in excess of expense growth, and is committed to positive operating leverage.

Huntington Bancshares Incorporated Declares Quarterly Cash Dividend, Payable on October 1, 2015

Huntington Bancshares Incorporated Board of Directors declared a quarterly cash dividend on the company's common stock of $0.06 per common share. The dividend is payable October 1, 2015, to shareholders of record on September 17, 2015.

Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock and Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, Payable on October 15, 2015

Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock of $21.25 per share. The dividend is payable October 15, 2015 to shareholders of record on October 1, 2015. The board of directors also declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock of $7.4720 per share (equivalent to $0.1868 per depositary receipt share). The dividend is payable October 15, 2015 to shareholders of record on October 1, 2015.

Huntington Bancshares Incorporated to Report Q2, 2015 Results on Jul 23, 2015

Huntington Bancshares Incorporated announced that they will report Q2, 2015 results at 10:00 AM, Eastern Daylight on Jul 23, 2015

Huntington Bancshares Incorporated, Q2 2015 Earnings Call, Jul 23, 2015

Huntington Bancshares Incorporated, Q2 2015 Earnings Call, Jul 23, 2015

 

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HBAN

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Valuation HBAN Industry Range
Price/Earnings 14.9x
Price/Sales 3.4x
Price/Book 1.5x
Price/Cash Flow 14.0x
TEV/Sales 0.1x
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