Huntington Bancshares' Earnings To Slip Due To Monetary Easing [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
Summary Earnings are expected to plunge downwards mostly due to a declining interest rate environment. Provisions charge is expected to increase due to COVID-19 and oil price fall. Quarterly dividend expected to be maintained at $0.15 per share, implying a dividend yield of 6.3%. Short-term risks call for a neutral rating. Huntington Bancshares' ( HBAN Monetary Easing to Drag Earnings HBAN's earnings are expected to be dragged down by a dip in net interest margin, NIM. This anticipated NIM compression is attributable to the COVID-19 pandemic and the resultant monetary easing. The company's balance sheet is asset sensitive to some degree, meaning that the effect of an interest rate cut on yields somewhat outweighs the effect on funding cost. This sensitivity was visible in the second half of 2019 when HBAN's NIM slightly declined in response to the 75bps Fed funds rate cut. The pressure on NIM from falling interest rates is expected to be partly offset by the management's hedging measu
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HBAN
News
- Huntington Bancshares profit drops on lower interest income [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated Reports 2024 First-Quarter Earnings [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated Reports 2024 First-Quarter EarningsPR Newswire
- Huntington Bancshares Incorporated Hires Three Neurodiverse Teams Fulltime in Technology with CAI Neurodiverse Solutions [Yahoo! Finance]Yahoo! Finance
- Exploring Analyst Estimates for Huntington Bancshares (HBAN) Q1 Earnings, Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
HBAN
Earnings
- 4/19/24 - Beat
HBAN
Sec Filings
- 4/19/24 - Form 8-K
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- HBAN's page on the SEC website