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Huntington Bancshares' (HBAN) strong loans and deposits, and high rates are likely to aid NII. Its robust liquidity keeps the balance sheet healthy.
HBANL Preferred Gets Buy Rating As It Turns 1
Units of Huntington (HBAN), U.S. Bancorp (USB), Lincoln National (LNC) and others have been penalized by the SEC for failing to maintain and preserve electronic communications.
The Securities and Exchange Commission announced charges against 16 financial companies for failing to properly maintain and preserve electronic communications, with the companies agreeing to pay a total of more than $81 million in civil penalties.
Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home.
Huntington Bancshares CEO Steve Steinour joins 'Power Lunch' to discuss the impact of Fed rate cuts on big banks and bank earnings.
Huntington's (HBAN) Q4 earnings beat estimates on improvement in average loans and deposits. However, lower NII and a rise in expenses are concerning.
Although the revenue and EPS for Huntington Bancshares (HBAN) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Huntington Bancshares (HBAN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.43 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Huntington Bancshares (HBAN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.