Credit is the line to watch now: net charge-offs rose to 0.31% annualized as both EPS and revenue came in just under expectations. Acquisition costs from Cadence and Veritex and a sequential drop in noninterest income did the damage, even with net interest margin expanding.
Latest Activity
Huntington reports at 6:15 AM ET with consensus at $0.38 EPS on $2.83 billion in revenue, and it has beaten in only 2 of the last 4 quarters. Net interest income and commercial real estate credit trends decide whether the $31.8 billion lender keeps pace with regional peers.
- 2KLICKulicke & Soffa$0.21/sh$10.7M
- 3SWBISmith & Wesson Brands$0.13/sh$5.8M
- 4CHMGChemung Financial$0.36/sh$1.7M
- 5UTMDUtah Medical Products$0.31/sh$987K
Huntington Bancshares leads today's dividend payments with $313.2 million heading to shareholders, or 15.5 cents a share, landing October 1. Kulicke & Soffa, Smith & Wesson, Chemung Financial and Utah Medical are also paying out.
HBAN Coverage
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