- Q1 earnings of $171M or $0.20 per share up 5% from year-ago levels. ROA of 0.96% up nine basis points; ROTCE of 11.9% up 120 bps. Tangible book value per share of $7.12 up from $6.88.
- Net interest income of $512M up 8% Y/Y. NIM of 3.11% down four basis points. Total earning assets $66.2B up 8%, with loans of $50.6B up 6%. Total deposits of $55.1B up 5%.
- Noninterest income of $242M up 4%. Service charges on deposit accounts of $70M up 13%. Cards and payment processing income of $36M up 12%. Mortgage banking income of $19M down 19%.
- Noninterest expense of $491M up 7% Y/Y, with personnel costs of $285M up 8%.
- NPAs plus accruing loans 90 or more days past due of $630.7M vs. $513.7M a year ago. Ratio to total loans of 1.22% up 14 basis points. Allowance for credit losses of $613.7M vs. $605.1M. Most of any deterioration is due to energy and coal.
- Conference call at 9 ET
- Previously: Huntington Bancshares EPS in-line, misses on revenue (April 20)
- HBAN flat premarket
More on Huntington Bancshares' Q1
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| Symbol | Last Price | % Chg |
|---|---|---|
| HBAN | - | - |
| Huntington Bancshares Incorporated | ||