Post-Earnings Recap and Analysis -- Huntington Bancshares

LONDON, July 25, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings recap and analysis on Huntington Bancshares Inc. (NASDAQ: HBAN) as the company recently featured in the headlines on Friday, July 18, 2014, for reporting 5% year-over-year growth in revenue and 12% year-over-year increase in earnings per common share in the second quarter of 2014, beating market expectations. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

For the second quarter of 2014, Huntington Bancshares Inc. reported a 9% year-over-year rise in its net income, while the average loans and leases improved 9% year-over-year to $45.0 billion. During this period, the company reported 1.07% return on average assets and 10.8% return on average common equity. The bank's efficiency ratio has improved to 62.7% from 63.7% in the comparable prior year quarter, whereas the net charge-offs declined to 0.25% of average loans and leases. The free research on HBAN can be downloaded as in PDF format at:

http://www.Investor-Edge.com/HBANFreeReport

Steve Steinour, Chairman, President and CEO of Huntington Bancshares, expressed satisfaction with the company's second quarter performance as the bank successfully reported both total revenue and net interest income growth on year-over-year basis. He also stated that during the quarter the regional bank was rated "Highest Customer Satisfaction with Retail Banking in the North Central Region," in a retail banking customers' survey by J.D. Power.

During the quarter, the company repurchased 12.10 million common shares at an average price of $9.17 per share. The Columbus, Ohio-based bank's net income of $164.6 million, or $0.19 a share, outperformed Bloomberg consensus estimate of $147.36 million, or $0.18 a share. Total revenue of $716.80 million was above the $683.40 million reported in the comparable prior year's quarter and market expectations of $695 million. Fully-taxable equivalent (FTE) net interest income of the bank also grew 8.16% Y-o-Y to $466.7 million during the quarter. During the quarter, nonperforming assets (NPAs) decreased by 9% Y-o-Y to $362.09 million, while the FTE net interest margin fell by 10 basis points Y-o-Y to 3.28%.  Additionally, the bank declared a quarterly dividend of $0.05 a share, payable on October 1, 2014 to shareholders of record as on September 17, 2014. Sign up and read the free analyst's notes on HBAN at:

http://www.Investor-Edge.com/HBAN-25Jul2014    

Stock Performance 

On Friday, July 18, 2014, after the earnings release, Huntington Bancshares Inc.'s shares surged 4.84% to close the session at $9.75. At the last close, on Thursday, July 24, 2014, Huntington Bancshares's shares finished the day 1.12% higher at $9.97. The company's shares oscillated between $9.87 and $10.01 during the trading session. A total of 9.86 million shares were traded, higher than its three months average volume of 8.64 million shares. Huntington Bancshares Inc.'s shares have advanced 2.36% in the previous three trading sessions, 4.40% in the last one month, and 3.32% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages of $9.47 and $9.34, respectively. The stock traded at a PE ratio of 13.12 and has a Relative Strength Index (RSI) of 59.36. Visit Investor-Edge and access the latest research on HBAN at:

http://www.Investor-Edge.com/HBANEarningsCoverage      

Sneak Peek to Corporate Insider Trading 

In the last one month, the company has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on HBAN is available at:

http://www.Investor-Edge.com/HBANInsiderTrading    

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED