Huntington Bancshares (HBAN) Reports In-Line Q2 EPS, Beats on Revenues

Huntington Bancshares (NASDAQ: HBAN) reported Q2 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.07 billion.

• Reported net income for the 2017 second quarter of $272 million, a $97 million, or 56%, increase from the year-ago quarter.
• Earnings per common share for the 2017 second quarter were $0.23, up $0.04, or 21%, from the year-ago quarter.
• Excluding approximately $50 million pretax of FirstMerit acquisition-related net expenses, or $0.03 per common share after tax, adjusted earnings per common share were $0.26.
• Tangible book value per share as of 2017 second quarter-end was $6.74, an 8% year-over-year decrease and a 3% increase from 2017 first quarter-end.
• Return on average assets was 1.09%, return on average common equity was 10.6%, and return on average tangible common equity was 14.4%.
• Total revenue increased 37% over the year-ago quarter.

For earnings history and earnings-related data on Huntington Bancshares (HBAN) click here.

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