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HBAN

Huntington Bancshares Incorporated

6/20/2013, 5:38 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 17, 3:50 PM Finding success in the Midwest and the rest of New England, Huntington Bancorp (HBAN) is expanding its auto-dealer financing business into Connecticut. The bank has hired a team and is currently processing loan applications in the hopes of providing financing to more than 140 dealers. (PR) 1 Comment [Financials]
Thursday, May 30, 1:05 PM More on Huntington Bancshares (HBAN +2.5%) (previous): Along with Capital Bank Financial (CBF +0.2%), Merrill's Erika Penala sees Huntington as the regional player "best positioned" to defend net interest margins. At the Bernstein Conference today, CEO Stephen Steinour noted Huntington's NIM is off just 5 bps over the last 3 years, vs. 20 for its peer group. Valuation helps too, Penala pointing out HBAN trades at a 25% P/E discount to its competitors. Comment! [Financials]
Thursday, May 30, 11:07 AM Huntington Bancshares (HBAN +2.1%) and KeyCorp (KEY +1.3%) lead regional bank stocks (KRE) higher as Merrill Lynch tags them along with ZION, FITB, and CMA as those standing to benefit most from rising intrest rates. Comment! [Financials]
Friday, May 10, 11:28 AM Loan growth at midcap banks (KRE) should rebound in Q2, says Credit Suisse after digging through management commentary from MTB, ZION, BBT, CMA, FITB, and HBAN. Notably not sharing the positive vibe were First Horizon (FHN) and KeyCorp (KEY). Growth is nice, but what about pricing? Fulton Financial (FULT) and Key say it remains competitive, while Zions says margins are getting even tighter. Comment! [Financials]
Thursday, April 18, 7:05 AM Huntington Bancshares (HBAN) is downgraded to Hold with $8 price target maintained at Compass Point. In yesterday's earnings call (transcript), management suggested Q2 might not be a great one, instead pinning hopes for more loan growth on H2. They also suggested Q1's decline in expenses may be reversed in Q2. 1 Comment [Financials]
Wednesday, April 17, 3:31 PM 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. Comment! [Financials]
Wednesday, April 17, 8:46 AM More on Huntington Bancshares (HBAN) Q1 earnings: Net interest income of $8.9M, up 2% Y/Y - net interest margin of 3.42%, up 2 bps from a year ago. Noninterest income of $33.1M, off 12% Y/Y thanks to a $24.2M decrease in gain on sale of loans. Noninterest expense of $19.9M, off 4% Y/Y. Board approves quarterly dividend increase of 25% to $0.05, and $227M share repurchase, a 25% increase from the recently completed authorization. Tangible book value/share of $5.91, up from $5.78 in Q4, $5.71 a year ago. Shares -1.4% premarket. (PR) Comment! [Financials, On the Move, Earnings]
Wednesday, April 17, 5:59 AM Huntington Banc (HBAN): Q1 EPS of $0.17 beats by $0.01. Revenue of $682.3M (-3% Y/Y) misses by $12.3M. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, April 17, 12:05 AM Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, DGX, DOV, FCFS, HBAN, MAT, PNC, STJ, TXT Comment! [Earnings]
Tuesday, April 16, 5:30 PM Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, DGX, DOV, FCFS, HBAN, MAT, PNC, STJ, TXT Comment! [Earnings]
Thursday, March 14, 5:26 PM Huntington Bancshares (HBAN) is approved by the Fed for an increase in its quarterly dividend to $0.05/share from $0.04 and $227M of share repurchases over the next year. Shares +0.4% AH. (PR) 2 Comments [Financials]
Tuesday, March 12, 11:57 AM Regions Financial (RF), SunTrust (STI), and Zions Bancorp (ZION) are likely to see the biggest dividend boosts among the regional players, says Credit Suisse. Buybacks would be best at the "cheap" banks as they would get the biggest boost to book value - Regions (again), KeyCorp (KEY), and Comerica (CMA) this year, and Fifth Third (FITB) and Huntington (HBAN) in 2014. 1 Comment [Financials]
Thursday, January 17, 6:10 AM Huntington Bancshares Incorporated (HBAN) declares $0.04/share quarterly dividend, in line with previous. Forward yield 2.38%. For shareholders of record Mar. 18. Payable Apr. 01. Ex-div date Mar. 14. (PR) Comment! [Dividends]
Thursday, January 17, 5:57 AM Huntington Banc (HBAN): Q4 EPS of $0.19 beats by $0.02. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, January 17, 12:05 AM Notable earnings before Thursday’s open: APH, ASML, BAC, BBT, BLK, C, FAST, FITB, HBAN, PNC, TSM, UNH Comment! [Earnings]
Wednesday, January 16, 5:30 PM Notable earnings before Thursday’s open: APH, ASML, BAC, BBT, BLK, C, FAST, FITB, HBAN, PNC, TSM, UNH 1 Comment [Earnings]

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