Huntington Bancshares Inc. Announces Increase In Q1 Profit, Beats Estimates

Huntington Bancshares

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(RTTNews) - Huntington Bancshares Inc. (HBAN) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $500 million, or $0.34 per share. This compares with $383 million, or $0.26 per share, last year.

Analysts on average had expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.5% to $1.935 billion from $1.767 billion last year.

Huntington Bancshares Inc. earnings at a glance (GAAP) :

-Earnings: $500 Mln. vs. $383 Mln. last year. -EPS: $0.34 vs. $0.26 last year. -Revenue: $1.935 Bln vs. $1.767 Bln last year.