Net interest margin of 3.42% in Q1 is pretty close to a bottom, says Huntington Bancshares (HBAN...

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

Net interest margin of 3.42% in Q1 is pretty close to a bottom, says Huntington Bancshares (HBAN -3.1%), not expecting it to drop below 3.3% (CC transcript) (presentation slides). The bank expects continued C&I loan growth, but maybe not in Q2 - instead more weighted towards H2 (how many times have we heard that one). The pleasing fall in noninterest expense in Q1 was unexpected and likely to reverse in Q2.