More on Huntington Bancorp (HBAN) Q2 earnings: Net interest income of $3.2M off 1% Y/Y as NIM...

|About: Huntington Bancshares In... (HBAN)|By:, SA News Editor

More on Huntington Bancorp (HBAN) Q2 earnings: Net interest income of $3.2M off 1% Y/Y as NIM slips 4 bps to 3.38%. Noninterest income of $5.2M off 2% as mortgage banking income falls 12%. Noninterest expense of $1.6M up less than 1%. Bad loans as percent of total loans falls to 0.87% from 1.19%. "Commercial pipeline continues to be strong as business owners are seeing more signs of economic growth." Estimate of negative impact to capital from Basel III (60 bps) is about 90 bps less than last year's guidance. Tangible book value/share of $5.88 up from $5.78 a year ago. CC at 10 ET. (PR)