Huntington Bancshares Inc. (HBAN) reported earnings of 19 cents per share in the fourth quarter of 2012, beating the Zacks Consensus Estimate by 2 cents. Results also...(read more
Huntington Bancshares Incorporated (HBAN) has jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Monday, the company announced that...(read more
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) witnessed the correction of 1.18% and closed at $58.41 whereas overall traded volume stood at 63.41 million shares for the day....(read more
Huntington Bancshares (HBAN) Company Overview
Huntington Bancshares Incorporated (HBAN) is a regional bank headquartered in Columbus, Ohio. HBAN conducts activities through over 600 branches in Ohio, Michigan, Indiana, Kentucky, and West Virginia, and a network of about 988 ATMs. Net interest income contributed 70% of HBAN's adjusted net revenue in 2007, while non-interest sources such as service charges on deposits, mortgage banking, trust, and insurance contributed the balance.
HBAN's operations are grouped into three primary segments: Regional Banking (typically 6070% of company-wide operating earnings), Dealer Sales (2025%), and Private Financial & Capital Markets Group (1015%). Regional Banking provides retail banking services to households and small businesses, and also serves middle-market companies with annual sales of $100500 million headquartered in HBAN s home markets. Dealer Sales provides automobile financing (both dealer floor plan and indirect consumer loans) for more than 3,500 automobile dealers in HBAN s five banking states plus Arizona, Florida, Georgia, Pennsylvania, and Tennessee. Private Financial & Capital Markets Group offers trust, asset management, brokerage services, insurance, and private banking.
(Read more at Wikinvest )