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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HBAN
News
- Women-owned businesses soar [Yahoo! Finance]Yahoo! Finance
- The Huntington National Bank names Melissa Holding Director of Wealth Management [Yahoo! Finance]Yahoo! Finance
- The Huntington National Bank names Melissa Holding Director of Wealth ManagementPR Newswire
- Greenbacker completes $437 million financing for repowers in company milestone: first wind repowers to leverage the domestic content bonus [Yahoo! Finance]Yahoo! Finance
- Huntington Bancshares Incorporated (NASDAQ: HBAN) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $16.00 price target on the stock.MarketBeat
HBAN
Earnings
- 4/19/24 - Beat
HBAN
Sec Filings
- 5/1/24 - Form 144
- 5/1/24 - Form S-8
- 4/30/24 - Form 10-Q
- HBAN's page on the SEC website