huntington earnings call
But I hope we've conveyed to you how excited we are about the opportunities we see ahead in '21 and beyond. And your plan is to lean in on the investment is pretty heavy earlier in the year and capture more of that in the back half? Finally, our total consumer commercial delinquency numbers are better than a year ago. And as we've seen in the past year with the pandemic, more and more home goods delivered, including groceries. Huntington Bancshares Declares $0.16 Dividend On January 20, 2023 the company declared a regular quarterly dividend of $0.16 per share ($0.62 annualized). So we'll -- we are -- we like the -- we'd like to channel over time and continue to like aspects of it and we're committed to going forward to Giant Eagle for the next several years. I think the -- with that being said, we'll see about any new stimulus of coming through on the fiscal side. Our full year results demonstrate that we are driving revenue growth despite headwinds, we're focused on acquiring new customers and deepening those relationships to gain both market share and share of wallet. What loan areas would you flag from that perspective? It makes sense to me. Okay. Got it. Our presenters today are Steve Steinour, Chairman, President and CEO; Zach Wasserman, Chief Financial Officer; and Rich Pohle, Chief Credit Officer. Thank you. PD=Previous Day. Market Data copyright 2023 QuoteMedia. Powered by Tegus. Do the numbers hold clues to what lies ahead for the stock? Our next question comes from the line of Erika Najarian with Bank of America. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. And so I think we will be a stronger company by the blend as well and that will have upside. As a reminder, this conference is being recorded. In Q4, we had four new NPAs over $5 million and just one over $15 million, all COVID related. And are you contemplating any growth from PPP 2.0, as well as forgiveness income from PPP 2.0 in your guide? NEWPORT NEWS, Va., April 06, 2023 (GLOBE NEWSWIRE) -- HII HII will release its first quarter 2023 financial results on Thursday, May 4 and host an earnings Slide 15 provides a snapshot of key credit quality metrics for the quarter. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. They just didn't have a good year. Steve, I'm sorry if I missed this, but wanted to follow up on. Now having said that, we see very, very strong performance in the TCF in-stores which are in even denser metropolitan areas than we have with our two partners. I should also note that deposit service charges remained below the year-ago level as elevated customer deposit account balances continue to moderate the recovery of this line. A telephone replay will be available approximately two hours after the completion of the call through Huntington Bancshares Market Cap $21B Today's Change (-1.30%) -$0.19 Current Price $14.41 Price as of January 9, 2023, 4:00 p.m. Despite this, total NPAs were reduced from the third quarter by $39 million or 6% and down from the second quarter peak by $150 million or 21%. Makes sense. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. I appreciate the color on reallocating $2 billion of cash in the first quarter. See All HII Interviews Transcripts CY 2023 But I'm very optimistic and confident that we have our losses peaked in 2020. Yeah. As you can see on the top left chart, after remaining relatively stable for the prior several months, commercial loan balances excluding PPP closed the year positively. I think it will be kind of more of the same of what we've talked about before, which is leveraging the really strong liquidity and deposit gathering we've got to reduce over time the overall wholesale and corporate debt levels. Thanks. Visit Huntington.com for more information. I'll take that. You can sign up for additional alert options at any time. 
I appreciate all the color. And history would tell us these things come in waves. Slide 13 shows our NPAs and TDRs and demonstrates the continued, but more limited impact federal oil and gas portfolio has on our overall level of NPAs. Terms of Use. Thank you. QuoteMedia. 15 minutes unless otherwise indicated (view
But generally what we're expecting is a relatively flat trend in our deposits at the Fed for the first half of the year. , Community Reinvestment Act Home Mortgage Disclosure Act, Christian Corts Named Regional Banking Director For Huntington National Bank, Huntington National Bank Ranks No. ET. So we're incredibly bullish about that. Newport News, VA 23607. The current economic outlook presents compelling opportunities to invest in our businesses to meaningfully gain share and accelerate growth over the moderate term and we intend to capitalize on that. It will be their systems to ours 100%. But last week we announced -- last week we filed our Federal Reserve and OCC applications, so it's Monday, week to go. But again, they are roughly 2.5 times, 3 times the average size of Huntington in-store branches they've been added up very long time. And that's -- I would say that is more likely to happen in the back half of the year than first quarter, certainly, in a meaningful way. So this will come back we believe probably at this point, by the -- in the second half as opposed to earlier and some of the importers, in particular, are feeling constrained on the supply side. Huntington Ingalls Industries (NYSE:HII - Get Rating) last announced its quarterly earnings data on Thursday, February 9th. Compared to the fourth quarter average balances, we expect modest deposit growth, primarily among consumers during the first half of the year before stabilizing in the second half. Average earning assets increased $12 billion or 12% compared to the year ago quarter, driven by $6 billion of PPP loans and $5 billion increase in the aforementioned deposits at the Federal Reserve. Our next question comes from the line of John Pancari with Evercore ISI. Slides four and five provides a financial highlights for the full year 2020 and the fourth quarter, respectively. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Thanks, Erika. So, as I mentioned in the prepared remarks, we use the November base case as kind of the driver, but we use multiple scenarios. The call, along with slides, may be accessed via a live Internet webcast in the Investor Relations section of Huntington's website or through a dial-in telephone number at (877) 407-8029 conference ID #13737064. Just curious as you look through the course of the year, maybe some color on the kind of opportunities or options you have there? To listen to the call, dial (877) 407-8029 with conference ID #13734972. There were $225 million of PPP loans forgiven in the fourth quarter. We've built a competitive advantage with our consistently superior customer service and our differentiated products and services. All Rights Reserved. Presentation. All Rights Reserved. That is not the intended approach. And let me start. HUNTINGTON BANCSHARES INCORPORATED company earnings calendar and analyst expectations - Upcoming and past events | Nasdaq: HBAN | Nasdaq Q3 2022 Earnings Call: 10/21/22 | 08:00am : Q3 2022 Earnings Release: Past dividends on HUNTINGTON BANCSHARES INCORPORATED: 03/17/23 : Quarterly 0.155 USD: They were fed and earned $30 a month, $25 of which went back to their families. Can you help us a little bit with how to think about the margin over the next couple of quarters here? 
WebHuntington Bancshares 2023 First Quarter Earnings Conference Call / Webcast. ET HBAN earnings call for Our expectation is to bring the expense run rate to a level that is lower than the growth rate of revenue during the second half of 2021. I'll take that one. On the securities side, I wanted to see if you can give us a bit of color around what you're putting money into? From endpoint to endpoint, Q3 to Q4, to give you a sense, it was about $2 million of additional securities on a net basis. Headquartered in Virginia, HIIs workforce is 43,000 strong. Power 2023 U.S. Retail Banking Satisfaction Study. On a linked quarter basis the NIM decreased 2 basis points to 2.94%. We transitioned our healthcare portfolio to diversify away from long-term care into our publicly held products and services companies and investment grade hospital systems, which together now make up 45% of the healthcare portfolio. A follow-up question on net interest income guide. The Motley Fool has no position in any of the stocks mentioned. All earnings call transcripts on Huntington Ingalls Industries, Inc. (HII) stock. As we go forward, we're watching pretty closely any new rounds of stimulus and certainly the latest round of PPP, which could cause us to increase that goal over time. Thanks, Mark. Our deferrals in auto, RV/Marine and home equity have nearly all lapsed and we are managing these portfolios consistent with our pre-pandemic strategies. As the economy -- economic recovery progresses we expect continued acceleration of loan growth over the course of the year. There will -- there is a lot of investment activity that's going on. There are some, however, that are either significantly investing rebuilding inventory or frankly, have not had the fundamental performance for whatever reasons, it could be COVID related. Huntington Bancshares Market Cap $22B Today's Change (1.67%) $0.25 Current Price $15.22 Price as of March 3, 2023, 4:00 p.m. NEWPORT NEWS, Va., April 06, 2023 -- HII will release its first quarter 2023 financial results on Thursday, May 4 and host an earnings conference call at 9 a.m. Eastern time the same day. Yeah. Good morning guys. The industry outlook of that, Jon, is for a continued high purchase levels for the next couple of years. RT=Real-Time, EOD=End of Day,
But picking up on TCF, we haven't talked a lot about revenue synergies, but they are clearly there. And so as we look back we'd see essentially the same ratios year-over-year, albeit this year bit constrained by just inventory. But generally, we're seeing some decent traction with our commercial customers and the consumer book continues to perform very well. The remaining percentage point was primarily the net result of several unusual items, including TCF legal costs and debt extinguishment costs. I mean there's a lot to go for, plus the scale change in Michigan will be a one or two in virtually everything in Michigan. A live audio broadcast of the conference call and supplemental presentation will be available on the investor relations page of the companys website: www.huntingtoningalls.com. Just excess distribution with nearly 500 points of distribution in the state of Michigan as a consequence of the combination. Computershare Investor Services Shareholder Services 150 Royall Street Suite 101 Canton, MA 02021 T: 800-725-0674 [email protected], Huntington Investor Relations Huntington Center, HC0935 41 South High Street Columbus, OH 43287 T: 800-576-5007 [email protected], Corporate Media [email protected]. Yeah. And then separately, also on the margin, I know you mentioned the efforts to support the stability of the margin. Thanks. And then secondly, what would you say the top theww revenue opportunities with this deal? Thanks. We do think the -- we've been well served by the nature of the economics around the in-store branches, but there is a changing distribution, frankly a thinning of distribution as we move forward. A telephone replay will be available approximately two hours after the completion of the call through Saturday, January 28, 2023, at (877) 660-6853 or (201) 612-7415; conference ID #13734972. And good morning, everyone. Zach, just wondering if you can parse it. And I think the oil and gas component of our charge-offs last year were were mid-teens, like 16, 17 bips. All Rights Reserved. And Mark is going to kill me, but I have to squeeze in this third question. Your mix of new originations increased to 54% this quarter, can you speak to the notion that new vehicle financing is an area where the captives have a greater edge over indirect lenders, because their primary goal is helping their OEMs move steel, so they're willing to compromise a bit more on pricing. This low leverage lending originations in 2019 and ended 2020 with leverage loans virtually flat from year-end 2018. 
RV/Marine, you had some pretty strong growth and maybe some of that is COVID related last year. If you experience any issues with this process, please contact us for further assistance. For a replay call, dial (877) 660-6853 or (201) 612-7415; Conference ID #13734972. By providing your email address below, you are providing consent to Huntington Ingalls Industries to send you the requested Investor Email Alert updates. WebHuntington Bancshares Declares $0.16 Dividend On January 20, 2023 the company declared a regular quarterly dividend of $0.16 per share ($0.62 annualized). I'm pleased to report our level of criticized loans was reduced by over $340 million or 11% in Q4, which is on top of the $425 million or 12% reduction we saw in the third quarter. Hi, this is Zach. Along the way, I think, it's -- we sit here and run a very disciplined process every quarter looking at not only the quantitative pieces of it, but the more qualitative pieces. The Huntington National Bank is an Equal Housing Lender and Member FDIC. We also -- I think we're number five or six nationally in terms of home equity originations. Yeah. The common equity Tier 1 ratio or CET1 ended the quarter at 10%, up slightly from last quarter. So that's eliminated. Thank you. A follow-up question -- Good morning. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. So there is the 40% expense and we just articulated a 43% branch consolidation. All right. RALEIGH, N.C., April 6, 2023 /PRNewswire/ First Citizens BancShares, Inc. (BancShares) (NASDAQ: FCNCA) today announced that it will report its financial results for the first quarter ended March 31, 2023, before the U.S. financial markets open on Wednesday, May 10, 2023. Peter. QuoteMedia. I can't answer for other institutions. We expect consumer lending to remain strong and commercial activity to continue to improve over the course of the year. Terms of Use. ET. For the fourth quarter, we reported earnings per common share of $0.27. ET HBAN earnings call for I'll take that question. Thank you. And so, those expectations are, I believe, going to be a reality for our industry and certainly our company and we're going to -- we're going to invest to meet those, if not, I get ahead of them. Okay. On a linked quarter basis, average earning asset growth primarily reflected the $1 billion or 5% increase in average securities, as we executed our plan to get securities back above the first quarter of 2020 quarter end level by the end of 2020. Our balance sheet is very well positioned with robust capital liquidity and our hedging strategy has reduced interest rate risk. Slide 12 provides a walk of our allowance for credit losses from year-end 2019 to year-end 2020. Terms of Use. Like the previous quarters in 2020 there are multiple data points used to size the provision expense for the fourth quarter. Erika Najarian -- Bank of America -- Analyst. Huntington Investor Relations Huntington Center, HC0935 41 South High Street Columbus, OH 43287 T: 800-576-5007 So we've got a lot of early on very, very good work that's getting us bullish on the expense side. Huntington's management will host an earnings conference call the same day at 11:00 a.m. Is it as simple as if we get the stimulus and this January Moody's holds, we get some improvement in February. Market Data copyright 2023 QuoteMedia. And good morning, everyone. At this time, Id now like to turn the conference over to your host, Tim Sedabres, Director of Stephen D. Steinour -- Chairman, President and Chief Executive Officer. I think we're taking about 10 days off at the close as a result of using that as an example. [Operator Instructions]. So I think there is a very good couple of years. Thanks. Got it. While a number of variables within the baseline economic scenario has improved as that many of our credit metrics for the quarter, there were still many uncertainties to deal with at December 31. Rich? Look, this question of elevated liquidity and how long it will stay is sort of the $54,000 question, but we're fairly convinced it's going to stay for a while, and it will likely go up frankly in the near term given some of the new things that are coming through. And it could, as I mentioned, give an opportunity to invest more in securities. It feels like the -- this is more a testing of the thesis, but expenses up 3% to 5%, it seems like you are very much looking forward in saying, look, this is a year where we may likely have significant reserve release if the economic outlook pans out. RT=Real-Time, EOD=End of Day,
And then separately, you also mentioned that you're emphasizing growth in the higher yielding asset classes. Thank you. It's still too early have a definitive view on the new phase of PPP, but we do expect that the changes in the program that narrow the universe of small businesses eligible to participate, we expect that the ultimate size of the new PPP loan production to be smaller than the Phase 1 that we achieved in 2020. Turning to the fourth quarter pre-tax pre-provision earnings increased 6% year-over-year. And that's a benefit to us. Let me turn it over now to Rich to cover credit. And just longer term thinking about asset values there? A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website. And when we feel that those are aligning and our credit quality continues to hold, which we expect that it will, we'll bring the reserve down. The other piece of it is, just continued strength in the oil and gas sector. Commercial delinquencies are very modest at just 15 basis points. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by $0.07. Bill Carcache -- Wolfe Research -- Analyst. Our consumer deferrals have largely run their courses well, down to just $66 million as of December with post deferral performance in line with our expectations across all the portfolio segments. Top ranking reflects Huntington's commitment to excellent customer service. I'll pause for a second and move on to the other element -- other aspect of the question you asked in terms of what assets we're looking at. Slide 14 provides additional details around the financial accommodations we provided our commercial and consumer customers. Look, I think the margin outlook is to be relatively stable here over the next several quarters. A conference call and webcast will be held to discuss And that will allow us to cycle out of the in-store branches that we have with Meijer which we've explained to the company. Our next question comes from the line of Ken Usdin with Jefferies. For the year, we grew revenues 3%, loans 6% and core deposits 11%. We're not sure exactly where it's going to land, we'll see. And those are just a few of the businesses and opportunities, there is a substantial outsourcing as well, both on the capital market side for most products. Huntington Bancshares ( NASDAQ:HBAN Get Rating) last released its earnings results on Friday, January 20th. And again, I think usage has been defined by others, by Amazon and Apple and others. I think it was a bit breast with an answer to the question you had last time. Does that have, I guess -- having a greater share of new vehicle originations suggests that you guys are getting lower margins than you would if you had a larger mix of use. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. Please proceed with your question. Our -- we've actually been gaining share on app volumes over the last several years and we expect to continue do this. Ladies and gentlemen, that concludes our question-and-answer session. And through the course of 2021. Old National Bancorp Announces Schedule for First-Quarter 2023 Earnings Release and Conference Call EVANSVILLE, Ind., April 05, 2023 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, today announced the following schedule for its first-quarter 2023 earnings release and PD=Previous Day. As we signaled, we also saw an increase in NPAs from our business banking portfolio. I hope a peak second round of the virus as of year-end. 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Provided our commercial and consumer customers 2020 with leverage loans virtually flat from year-end 2019 to year-end 2020 is 40. Is driving risk-adjusted returns and huntington earnings call growth providing consent to Huntington Ingalls Industries ( NYSE HII. Can sign up for additional alert options at any time year 2020 and the fourth....