DALLAS, Aug. 10, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring bank holding company Huntington Bancshares Inc. (Nasdaq:HBAN). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Huntington Bancshares Inc. (Nasdaq:HBAN) should be of particular interest to diversified banking and financial services companies: Fifth Third Bancorp (Nasdaq:FITB), Citizens Republic Bancorp, Inc. (Nasdaq:CRBC), FirstMerit Corp. (Nasdaq:FMER) and Peoples Bancorp Inc. (Nasdaq:PEBO).
It is available at: http://www.stockpreacher.com/n/HBAN/
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Huntington Bancshares Inc. (HBAN), a $52-billion regional bank holding company, provides commercial and consumer banking services through its subsidiaries, including banking subsidiary The Huntington National Bank. The Company has been serving the financial needs of its customers for more than 143 years.
In the report, the analyst notes:
"Notwithstanding the downbeat U.S. banking environment, HBAN's recent performance reflected a number of very positive trends and underlying performance drivers. Citing planned efforts to reduce commercial real estate loan exposure as well as the full impact of the first quarter's $1 billion automobile loan securitization and a small $200 million residential mortgage portfolio sale, HBAN reported that its net interest margin expanded 13 basis points to 3.10% and core deposits grew at an annualized 17% rate while average loans declined at an 18% annualized rate.
"Highlighting a significant progress in improving capital position, the Company reported a 103-basis-point improvement to its tangible common equity ratio to 5.68%, a 116-basis-point improvement to its tier I common risk based capital ratio, as well as improvement in all of its regulatory risk based capital ratios."
To read the entire report visit: http://www.stockpreacher.com/n/HBAN/
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