Reduced Leverage And Increased Expected Losses Dogging Huntington Bancshares [Seeking Alpha]
Huntington Bancshares Incorporated (HBAN)
Last huntington bancshares incorporated earnings: 4/23 07:30 am
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US:NASDAQ Investor Relations:
huntington-ir.com
Company Research
Source: Seeking Alpha
SummaryHuntington posted a decent pre-provision beat, but the huge provisioning expense overshadowed that positive development.Management has built reserves to over 1.9% of loans, including 20% reserves against the loan book, and management warned that the energy sector could be weak for years.Huntington management will be moving forward with a more organized cost-reduction plan, and some pre-provision growth is still likely over the next few quarters, but operating leverage is diminished.Huntington shares look too cheap even on the assumption of sub-3% long-term earnings growth, but other regional banks of similar quality trade at discounts to tangible book.I'm worried that Huntington Bancshares (HBANafter fourth quarter earningsOnce again, I find my argument for Huntington largely revolving around "it's not really as bad as the price says it is". I think management is being "prudently aggressive" in building reserves, particularly against the energy book, and I do think there will b
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News
- Is SPDR S&P Regional Banking ETF (KRE) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated (NASDAQ: HBAN) had its price target raised by analysts at Citigroup Inc. from $18.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Banks flood US debt market in biggest single-day raise since 2016, BMO says [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated Decreases Its Prime Rate To 7.75 PercentPR Newswire
- How sports became central to this Florida bank's identity [Yahoo! Finance]Yahoo! Finance
HBAN
Earnings
- 10/17/24 - Beat
HBAN
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 8-K
- 11/15/24 - Form 4
- HBAN's page on the SEC website