DALLAS, Jan. 27, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Huntington Bancshares Inc. (Nasdaq:HBAN). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.investorsoup.com/lp/HBAN
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Huntington Bancshares Inc. (HBAN) is a multi-state diversified financial holding company. Through its subsidiaries, the Company provides full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services. The Company has four lines of business: Regional Banking; Private Financial, Capital Markets, and Insurance Group; Auto Finance and Dealer Services; and Treasury/Other. The Company's only banking subsidiary is The Huntington National Bank.
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In the report, the analyst notes:
“HBAN reported a 2009 fourth-quarter net loss of $369.7 million, or $0.56 per common share. This compared with a net loss of $166.2 million, or $0.33 per common share in the 2009 third quarter and a net loss of $417.3 million, or $1.20 per common share in the year ago quarter. Average common shares on a fully diluted basis in the current quarter were 715.3 million, up 125.6 million (21%) and 349.3 million (95%) from the prior and year-ago quarters, respectively. To strengthen capital, during 2009, the Company raised $1.7 billion of capital, including $1.3 billion of common equity through the issuance of 346.8 million common shares.
“David Clifton has joined Huntington Bank as executive vice president, chief customer and marketing officer. Clifton will be responsible for managing and directing a major expansion of Huntington's marketing and branding initiatives, targeted to strategies that will grow revenue. He will report to Mary Navarro, senior executive vice president. Clifton is also responsible for leading a significant investment in customer experience and service programs that ensure Huntington customer satisfaction continues to grow across all bank segments. These initiatives are part of a larger effort to give customers more choice and convenience.”
To read the entire report visit: http://www.investorsoup.com/lp/HBAN
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