Huntington Bancshares: 2Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Huntington Bancshares Inc. (HBAN) on Thursday reported second-quarter earnings of $364 million.
The bank, based in Columbus, Ohio, said it had earnings of 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The regional bank holding company posted revenue of $1.44 billion in the period. Its revenue net of interest expense was $1.19 billion, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.18 billion.
Huntington Bancshares shares have climbed 20% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has declined 6% in the last 12 months.