Huntington Bancshares Incorporated (NASDAQ:HBAN)
About Huntington Bancshares Incorporated (NASDAQ:HBAN) Huntington Bancshares Incorporated is a bank holding company. Through its subsidiaries, the Company provides fullservice commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance service programs, and other financial products and services. The Huntington National Bank (the Bank) is its only bank subsidiary. As of December 31, 2009, the Bank had 340 banking offices in Ohio, 115 banking offices in Michigan, 56 banking offices in Pennsylvania, 50 banking offices in Indiana, 28 banking offices in West Virginia, 13 banking offices in Kentucky, 9 private banking offices, one foreign office in the Cayman Islands, and one foreign office in Hong Kong. Its segments include Retail and Business Banking, Commercial Banking, Commercial Real Estate, Auto Finance and Dealer Services (AFDS), and the Private Financial Group (PFG).
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Financials Huntington Bancshares Incorporated (NASDAQ:HBAN) engendered net income of $100.95 million in current quarter which is enormously greater than previous quarter’s net income of $48.76 million. Moreover, net income is positive which led to positive EPS for the current quarter. The company’s cash flow from operation stood at $866.12 million as contrasted to last quarter’s cash flow from operation which was placed at $784.65 million. CFO is kept increasing which is a good sign and it shows if this trend continuous than company would not face any liquidity problem in future. The company’s total assets accumulate up to $53.24 billion as per its latest financials as on September 30, 2010. Current assets claim to have the highest contribution in the total assets. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $47.67 billion and $5.56 billion respectively.
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