DALLAS, July 22, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Huntington Bancshares Inc. (Nasdaq:HBAN). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/HBAN
Huntington Bancshares Inc. (HBAN) is a $53 billion regional bank holding company headquartered in Columbus, Ohio, whose principal subsidiary is The Huntington National Bank. The Company provides personal banking for individuals and families, small business banking, banking for middle market businesses and nonprofit organizations, and specialty financial services through its offices and more than 600 local branches, more than 1,300 ATMs, and via online and mobile banking across six states: Ohio, Michigan, Indiana, Pennsylvania, West Virginia and Kentucky. Through automotive dealership relationships within its six-state banking franchise area and selected New England states, HBAN also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
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In the report, the analyst notes:
"Shares of HBAN traded lower yesterday despite the bank holding company posting better-than-expected net profit for the second quarter. With the Company setting aside less money to cover potential loan losses, HBAN posted a profit of $145.9 million, or $0.16 a share, ahead of the prior-year quarter's $48.8 million, or $0.03 a share.
"HBAN reported total revenue of $662.9 million for the second quarter. That was down 1.3% from the year-ago quarter's $671.8 million, but still ahead of analysts' expectations of $652.1 million."
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