NASDAQ$HBAN
Huntington Bancshares Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Huntington reported net income decrease of 59% year-over-year, driven by record mortgage banking income.
Huntington Bancshares Incorporated reported a net income of $150 million for the second quarter of 2020, a decrease of 59% compared to the previous year. The results were impacted by elevated credit provisioning due to the uncertain economic outlook, but were supported by strong mortgage banking income.
- Net income decreased 59% year-over-year to $150 million.
- Earnings per share decreased 61% year-over-year to $0.13.
- Total noninterest income increased 5% due to record mortgage banking activity.
- Average core deposits increased 13%, driven by PPP loans and government stimulus programs.
Headline financials
Revenue & EPS history
Huntington · Revenue · Quarterly
$1.18B
Forward guidance
Huntington expects third quarter revenue to increase approximately 2% from the second quarter of 2020.The 2020 third quarter NIM is expected to expand approximately 7 to 10 basis points on a linked quarter basis. Third quarter noninterest expense is expected to increase approximately 5% compared to the 2020 second quarter.
Tailwinds
- Third quarter revenue is expected to increase approximately 2% from the 2020 second quarter.
- The 2020 third quarter NIM is expected to expand approximately 7 to 10 basis points on a linked quarter basis.
- Third quarter noninterest expense is expected to increase approximately 5% compared to the 2020 second quarter.
- Average loans and leases are expected to remain relatively unchanged on a linked quarter basis.
- Average total deposits are expected to decrease approximately 1% compared to the 2020 second quarter.
Headwinds
- Asset quality metrics are expected to continue to be impacted by the challenged economic outlook.
- Net charge-offs are expected to be near 65 basis points in the 2020 third quarter, impacted by the oil & gas portfolio and broader economic considerations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.5%
Avg return
30 days after
49%
34 / 69 earnings
Positive
+12.5%
Q3 2022
Best reaction
-9.1%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.6% | -5.5% | |
| Q4 2025 | -5.8% | -1.6% | -5.5% | |
| Q3 2025 | +1.0% | +3.3% | +2.3% | |
| Q2 2025 | +0.5% | -0.6% | +6.3% | |
| Q1 2025 | +3.0% | +5.0% | +21.9% | |
| Q4 2024 | +1.5% | +0.1% | -0.7% | |
| Q3 2024 | -3.0% | -1.9% | +11.7% | |
| Q2 2024 | +5.0% | +4.3% | -2.8% | |
| Q1 2024 | +2.7% | +4.4% | +7.8% | |
| Q4 2023 | +5.6% | +6.9% | +5.1% | |
| Q3 2023 | -4.6% | -5.6% | +10.5% | |
| Q2 2023 | +2.1% | +2.6% | -6.1% | |
| Q1 2023 | -3.4% | -7.6% | -14.1% | |
| Q4 2022 | +5.1% | +5.2% | +9.8% | |
| Q3 2022 | +12.5% | +13.0% | +12.8% | |
| Q2 2022 | +0.5% | -0.6% | +8.6% | |
| Q1 2022 | -3.4% | -4.7% | -8.6% | |
| Q4 2021 | -6.2% | -7.5% | -5.0% | |
| Q3 2021 | -1.4% | -1.0% | -3.8% | |
| Q2 2021 | +0.6% | +3.3% | +11.9% | |
| Q1 2021 | -3.9% | -1.9% | +1.5% | |
| Q4 2020 | -7.1% | -8.5% | +5.4% | |
| Q3 2020 | +8.0% | +2.6% | +21.3% | |
| Q2 2020 | +4.0% | -1.1% | -1.3% | |
| Q1 2020 | +1.5% | +13.7% | +0.7% | |
| Q4 2019 | -6.9% | -7.7% | -5.6% | |
| Q3 2019 | +0.1% | -0.1% | +2.7% | |
| Q2 2019 | +1.9% | +0.7% | -13.2% | |
| Q1 2019 | +0.0% | +1.3% | -3.9% | |
| Q4 2018 | -0.1% | +0.0% | +5.7% | |
| Q3 2018 | -3.7% | -0.4% | +5.6% | |
| Q2 2018 | +0.1% | +1.3% | +6.0% | |
| Q1 2018 | +0.3% | +0.9% | +0.9% | |
| Q4 2017 | +0.5% | +1.1% | -1.9% | |
| Q3 2017 | -2.1% | -3.1% | -5.3% | |
| Q2 2017 | -2.7% | -2.8% | -6.6% | |
| Q1 2017 | -0.6% | +1.5% | -1.8% | |
| Q4 2016 | +5.7% | +2.8% | +7.0% | |
| Q3 2016 | +5.5% | +4.0% | +23.3% | |
| Q2 2016 | +0.4% | +1.8% | +2.9% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +4.7% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | -5.0% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | -8.5% | — | — | |
| Q2 2012 | -4.1% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2008 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | -9.1% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q2 2009 | -6.7% | — | — | |
| Q4 2010 | -6.7% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q2 2010 | -2.1% | — | — |
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