Huntington Bancshares (HBAN) Tops Q2 EPS by 9c
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Huntington Bancshares Incorporated Reports 2020 Second Quarter Earnings
July 23, 2020 7:30 AM EDTCOLUMBUS, Ohio, July 23, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) reported net income for the 2020 second quarter of $150 million, a decrease of 59% from the year-ago quarter. Earnings per common share for the 2020 second quarter were $0.13, down 61% from the year-ago quarter. Tangible book value per common share as of 2020 second quarter-end was $8.32, a 4% year-over-year increase. Return on average assets was 0.51%, return on average common equity was 5.0%, and return on average tangible common equity was 6.7%. Results were impacted by elevated credit provisioning related to the ongoing uncertain economic... More
