Huntington Bancshares Inc. Reveals Fall In Q1 Bottom Line, misses estimates

Huntington Bancshares Inc. (HBAN) reported earnings for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $432 million, or $0.29 per share. This compares with $501 million, or $0.48 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.4% to $1.65 billion from $1.37 billion last year.

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

-Earnings (Q1): $432 Mln. vs. $501 Mln. last year.
-EPS (Q1): $0.29 vs. $0.48 last year.
-Analyst Estimates: $0.30
-Revenue (Q1): $1.65 Bln vs. $1.37 Bln last year.

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