/PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN) (www.huntington.com) expects to report its 2021 first quarter earnings on Thursday, April 22,.
Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
TCF National Bank CEO Tom Shafer and President Mike Jones to join Huntington executive leadership team along with Donald Dennis, Huntington s Chief Diversity Equity & Inclusion Officer
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COLUMBUS, Ohio, Feb. 10, 2021 /PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington s Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington s merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.
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Huntington Bancshares Issues Revenue Outlook; Declares Dividend
WASHINGTON (dpa-AFX) - Huntington Bancshares Incorporated (HBAN) said the company expects full-year 2021 revenue to increase approximately 1% to 3%. Full-year noninterest expense is expected to increase approximately 3% to 5%.
For 2021, the company projects average loans and leases to increase approximately 2% to 4% on an annual basis. Average total deposits are projected to increase approximately 5% to 7% on an annual basis.
The company also announced that the Board of Directors declared a quarterly cash dividend on the company s common stock of $0.15 per common share, unchanged from the prior quarter. The common stock cash dividend is payable April 1, 2021, to shareholders of record on March 18, 2021.
Huntington Bancshares Incorporated Reports Full Year 2020 Earnings
Results Include Record Annual Revenue (+3%), a 6% Increase in Average Loans, and an 11% Increase in Average Core Deposits
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Full year 2020 highlights compared to full year 2019:
Net income was $817 million, and earnings per common share (EPS) for the year were $0.69.
Return on average assets for 2020 was 0.70%, return on average common equity was 6.8%, and return on average tangible common equity was 8.9%.
Tangible book value per common share (TBVPS) increased 3% to $8.51 at 2020 year end.
Fully-taxable equivalent total revenue increased $143 million, or 3%, to $4.8 billion.
Fully-taxable equivalent net interest income increased $6 million, or less than 1%, to $3.2 billion.