Says average loans tracking to mid point of 11%-12% range vs. prior high end of range. Sees average deposits 8%-9% on a standalone basis, with deposits plus Cadence up about $43B. Sees standalone noninterest income 13%-16%, with noninterest income plus Cadence up $300M. Sees net charge-offs 25-35 bps and an effective tax rate of 19%-20%. Comments taken from Q1 earnings conference call presentation slides.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HBAN:
- Huntington Bancshares reports Q1 adjusted EPS 37c, consensus 33c
- Huntington Bancshares board approves $3B share repurchase authorization
- Notable companies reporting before tomorrow’s open
- HBAN Earnings this Week: How Will it Perform?
- Huntington Bancshares price target lowered to $18 from $20 at BofA