Share this article
Share this article
COLUMBUS, Ohio, May 3, 2021 /PRNewswire/ Huntington Bank (Nasdaq: HBAN; www.huntington.com) has claimed the highest ranking in Customer Satisfaction with Consumer Banking in the North Central Region of the J.D. Power 2021 U.S. Retail Banking Satisfaction Study, the sixth time in nine years. This recognition is especially meaningful because it shows that our colleagues delivered during a time when our customers needed us most, said Jon Greenwood, Director of Branch Banking. This award not only demonstrates our continued commitment to serving our customers, it shows how our colleagues went above and beyond to support our customers and address their financial needs.
2021 First-Quarter Highlights (compared with 2020 First Quarter):
Net income was $532 million, up $484 million from the year ago quarter.
Earnings per common share (EPS) for the quarter were $0.48, an increase of $0.45.
Return on average assets for the quarter was 1.76%, return on average common equity was 18.7%, and return on average tangible common equity was 23.7%.
Tangible book value per common share increased $0.36, or 4%, to $8.64.
Fully-taxable equivalent total revenue increased $216 million, or 19%.
Fully-taxable equivalent net interest income increased $182 million, or 23%, including the benefit of the $144 million mark-to-market of interest rate caps and $45 million of accelerated accretion from PPP loan forgiveness.
Net interest margin increased 34 basis points to 3.48%, including the 51 basis point benefit of the mark-to-market of interest rate caps and the 16 basis point benefit from accelerated accretion from PPP loan forgiveness.
Huntington Bancshares Q1 Profit Rises finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Huntington Bancshares Incorporated (Nasdaq: HBAN) (www.huntington.com) expects to report its 2021 first quarter earnings on Thursday, April 22,.