TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Huntington Bancshares’ total revenue climbs 7% in fiscal Q4.

by souhaib
January 22, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Huntington Bancshares Inc. (NASDAQ: HBAN) reported £231.35 million of net income in the fiscal fourth quarter on Friday. The company said that it earned 19.77 pence per share that translates to a 4% annualised decline. Huntington’s quarterly report comes a month after the 39th largest U.S. bank said it will acquire TCF Financial for £4.5 billion.

Huntington Bancshares opened about 3% down on Friday but gained close to 1% in the next hour. The price action should come in handy if you’re interested in investing in the stock market.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Huntington’s net interest margin jumps to 2.94%

Huntington said that its total revenue (fully-taxable) in the recent quarter saw a 7% increase versus the year-ago figure. The bank holding company recorded a 6% year over year growth in net interest income (fully-taxable) in the recent quarter versus a 10% increase in the noninterest income. Net interest margin, it added, jumped to 2.94% – an 18 basis points increase versus the comparable quarter of 2019.

Huntington also said on Friday that its noninterest expense in Q4 jumped 8% on a year over year basis. The Columbus-based firm noted an 8% increase in average loans and leases. Other prominent figures in Huntington’s earnings report on Friday include a 16% growth in average core deposits.

In separate news from the United States, oilfield services company Schlumberger also reported its financial results for the fiscal fourth quarter on Friday.

CEO Steve Steinour’s comments on Friday

For the full financial year, the U.S. company reported £598.13 million of net income or 50.52 pence per share. Its total revenue (fully-taxable) saw a 3% year over year increase in fiscal 2020. CEO Steve Steinour commented on the financial update on Friday and said:

“Huntington enters 2021 on strong footing with momentum across our businesses. We believe this year provides an important opportunity to advance the strategic positioning and long-term financial performance of the company through investments in technology, digital innovation, marketing, and people, as well as our recently-announced acquisition of TCF Financial. We remain committed to delivering on our purpose to look out for people and executing our strategies to build the leading People-First, Digitally-Powered bank.”

Huntington Bancshares performed fairly downbeat in the stock market last year with an annual decline of roughly 15%. At the time of writing, it is valued at £10.48 billion and has a price to earnings ratio of 19.70.



Source link

Share30Tweet19Share
Previous Post

Obobb Snow Skiboard,Mini Ski Shoes Durable Adjustable Ski Boots Skate Cover Easy to Carry and Use Mini Short Ski Shoes

Next Post

MANA Price Surges High With the Rumours of Trust Filing With Grayscale

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

MANA Price Surges High With the Rumours of Trust Filing With Grayscale

No Result
View All Result

Recent Posts

  • name, make visible and eradicate attacks with acid and other chemicals
  • Beijing’s response to the US taking pictures down its balloon has been muted. It could be China’s way of making ready for a foreseeable future in which the roles are reversed, claims intercontinental regulation skilled.
  • Newmont Would make $17 Billion Give for Australia Gold Miner Newcrest
  • Tender Landing Is Very likely but US Is Nevertheless ‘Not Out of the Woods’
  • Wisconsin families reliant on further meals advantages brace for alter

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide