Huntington Bancshares Incorporated Reports 2020 First Quarter Earnings
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Huntington Bancshares (HBAN) Misses Q1 EPS by 14c
April 23, 2020 7:34 AM EDTHuntington Bancshares (NASDAQ: HBAN) reported Q1 EPS of $0.03, $0.14 worse than the analyst estimate of $0.17.
2020 First Quarter Highlights compared with 2019 First Quarter:
Fully-taxable equivalent total revenue increased $9 million, or 1%.Fully-taxable equivalent net interest income decreased $33 million, or 4%.Net interest margin decreased 25 basis points to 3.14%.Noninterest income increased $42 million, or 13%, driven by a $37 million, or 176%, increase in mortgage banking income.Noninterest expense decreased $1 million, or less than 1%.Efficiency ratio of 55.4%, down from 55.8%.Average loans and leases increased $0.9 billion, or 1%, year-over-year, including a $0.7 billion, or 2%,... More