862 4 Pics 1 Word, King Abdullah Financial District Contractors, 2001 Toyota Rav4 Parts Diagram, El Charro Arizona Restaurant, Pirate Galaxy Reddit, Educational Psychologist Degree, Repat Armenia Jobs, Best Jump Rope For Boxing 2020, " /> 862 4 Pics 1 Word, King Abdullah Financial District Contractors, 2001 Toyota Rav4 Parts Diagram, El Charro Arizona Restaurant, Pirate Galaxy Reddit, Educational Psychologist Degree, Repat Armenia Jobs, Best Jump Rope For Boxing 2020, " /> 862 4 Pics 1 Word, King Abdullah Financial District Contractors, 2001 Toyota Rav4 Parts Diagram, El Charro Arizona Restaurant, Pirate Galaxy Reddit, Educational Psychologist Degree, Repat Armenia Jobs, Best Jump Rope For Boxing 2020, "/>

huntington bank second quarter earnings

And this is the second year in a row we've been recognized by J.D. Please proceed with your question. The bank on Friday reported profit of $316 million for the last three months of 2020, or 27 cents per share, similar to what it reported in the fourth quarter of 2019. (Bloomberg) -- AMC Entertainment Holdings Inc.’s stock price tripled in premarket trading and was on course to erase its pandemic-induced slump, aided by optimism around a recent fundraising. The customers in these effected industries except for auto will have longer pass back to a full recovery and thought it prudent to move those credits to criticized status. So we've had a very strong performance on the housing front and we think that will continue as a consequence of the virus. And I think as we look across industries, we are seeing a little bit of a blip down. Our presenters today are Steve Steinour, Chairman, President and CEO; Zach Wasserman, Chief Financial Officer; and Rich Pohle, Chief Credit Officer. Moving forward to Slide 6. At this time, all participants are in a listen-only mode. We believe this is solid performance in light of the challenges of the interest rate environment and the rapid decline in short-term rates year-to-date. The increase in average total core deposits was primarily driven by commercial growth related to the PPP loans and commercial line draws, consumer growth related to government stimulus, and reduced account attrition. I mean, we took a note -- this is Rich, Janet. The dynamic that has seemingly contributed to a short squeeze in the stock of videogame retailer GameStop Corp. also appears to be affecting shares in a host of other heavily shorted companies. AT&T earnings and revenue for the December quarter fell from a year earlier but topped analyst estimates. See Pages 7-9 of Quarterly Financial Supplement for additional detail. This expense discipline reflects the actions we took in the 2019 fourth quarter to reduce our overhead expense run rate, including a reduction of 200 positions and the closure of 31 in-store branches. The systems conversion could follow as early as Labor Day, Steinour said. This impact would have been larger but for our active management to move several billion dollars of non-primary bank relationship account balances off the sheet during the quarter. Common equity tier 1 risk-based capital ratio, Regulatory Tier 1 risk-based capital ratio, Regulatory Total risk-based capital ratio, http://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-reports-2020-second-quarter-earnings-301098536.html, Stock market news live updates: Stocks fall as traders await Fed decision, Boeing slides after quarterly results, S&P 500 Drops the Most Since October; Dollar Rises: Markets Wrap, Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucks, WRAPUP 1-U.S. core capital goods orders rise in boost to business investment, Naspers Looking at Easing Dominance on Johannesburg Bourse, Gamestop, memestocks, and the revenge of the retail trader, AMD Gets Price Target Boosts From Analysts After Earnings Beat, 'Fighting 100 mini Mike Tysons': The powerful influence of Reddit trade. Like the first quarter, there are multiple data points used to size the provision expense for Q2. We believe these sponsors have the liquidity and financial flexibility to see their way through the longer-term recovery period we forecast for this industry. The funds provided from these loans and inflows from government stimulus programs were key drivers of average core deposit growth of 13%. Average earning assets for the 2020 fourth quarter increased $12.2 billion, or 12%, from the year-ago quarter, primarily reflecting a $6.0 billion, or 8%, increase in average total loans and leases. Slide 14 shows our consumer deferrals and the early news here is good as well. Webcast Replay. And I thought, my comment was meant to mean that we will look at how the portfolio, if there are changes in the portfolio from the end of Q2 to the end of Q3. Earnings per common share for the 2020 second quarter were $0.13, down 61% from the year‐ago quarter. Michael Burry Calls GameStop Rally ‘Unnatural, Insane’, The Big Electric Vehicle Story Everyone's Missing, Microsoft (MSFT) at All-Time High After Blowout Quarter, These restaurants have filed for bankruptcy and many more are at risk. The regional bank holding … In Q2, ACL now includes a 30% reserve against our oil and gas portfolio. Huntington Ingalls Industries to Host Second Quarter Earnings Conference Call and Webcast on Thursday. We will accelerate investments in digital technology capabilities, product differentiation and other strategic initiatives in the latter part of 2020 and into next year, potentially utilizing up to the full amount of these savings for this purpose in calendar year 2020. Average earning assets for the 2020 second quarter increased $9.9 billion, or 10%, from the year-ago quarter, primarily reflecting a $5.3 billion, or 7%, increase in average total loans and leases, a $2.9 billion, or 559%, increase in interest-bearing deposits at the Federal Reserve Bank, and a $1.3 billion, or 6%, increase in average total securities. But most Americans won’t see what’s going on until it’s too late. Who: Mike Petters, president and CEO, and Chris Kastner, executive vice president, business management, and chief financial officer. Partially offsetting these increases, service charges on deposit accounts decreased $27 million, or 31%, primarily reflecting reduced customer activity and pandemic-related fee waivers. Can you sustain your performance here longer than you would in a normal year, I guess? ChargePoint looks like it could be a big winner with its large number of stations and lead in the total number of DCFC connectors. This scenario assumes weak employment in Q2 2020 of 15%, followed by a rebound to 9% by the end of 2020 and a slow recovery to 8.5% by the fourth quarter of 2021. At this time, I would like to welcome, everyone to the Huntington National Bank Second Quarter Earnings Call. Asset quality metrics are expected to continue to be impacted by the challenged economic outlook. Huntington Bancshares Incorporated (NASDAQ:HBAN) declared a quarterly dividend on Friday, January 22nd, RTT News reports. Yeah, this is Zach. Net charge-offs for the second quarter of 2020 were $38.2 million, of which $32.6 million were from loans included in the energy lending portfolios acquired from Bank SNB and Southwest Bank … I know you put it in NIM terms directionally but in terms of dollar terms? So it's hard to say because that's going to be the key drivers, is what happens with overall deposits and therefore, sort of overdraft activity. The $272 million, Huntington Bancshares noted, is a record for second-quarter earnings. On your comment right that you just mentioned to Jon about looking at the reserve each quarter. Our outlook reflects a consensus view of economists that the recovery is taking hold but progress will be uneven. Total … The bank will operate under the Huntington name and brand upon closing the transaction, which is expected to be in the second quarter of 2021. I think, we're really just focused on the portfolio we have now and managing the risk there. The sector deals in a products that’s essential – our world runs on oil and its by-products. Earnings per common share for the 2020 second quarter were $0.13 , down 61% from the year-ago quarter. The remaining approximately 3% is driven by investments in technology and marketing as well as the return of customer and sales activity closer to pre-pandemic levels. I think, really it's going to be a function of how quickly the deposits on the sheet start to get used. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. Our sentiment has improved from 90 days ago due to the recent trends we're seeing and the actions we've taken to better position the Bank for success going forward. When: 9 a.m. EDT … Shares of Plug Power Inc. tumbled Wednesday, to pull back from a more than 15-year high, after the hydrogen-fuel company announced the sale of $1.8 billion worth of common stock to the public. But that is a high FICO book. That's right. What: Huntington Ingalls Industries’ second quarter 2018 earnings conference call. Okay, got it. Pelosi also disclosed that she bought 20,000 shares of AllianceBernstein Holdings (NYSE: AB), 100 calls of Apple Inc (NASDAQ: AAPL) and 100 calls of Walt Disney Co (NYSE: DIS). The annualized rate of $1.56 gives a respectable yield of 7.8%. Net interest margin decreased 37 basis points to 2.94%. AT&T stock fell as 2021 revenue guidance came in below expectations. WASHINGTON (dpa-AFX) - Huntington Bancshares Inc. (HBAN) reported a profit for second quarter that fell from last year.The company's earnings came in at $150 million, or $0.13 per share. This program is sized to generate approximately $75 million of annual savings in 2020 and 2021. Huntington Reports Record 2Q Earnings of $272M. Total noninterest income for the 2020 second quarter increased $17 million, or 5%, from the year-ago quarter. Caution regarding Forward-Looking Statements. You can see the deferral piece of that was fairly modest to start with about 8%. A quarter of this is concentrated in vehicle finance ($19.8 billion). A... | … We believe this book to be in good shape overall but we'll continue to closely monitor the heightened risk in the single location and other non-franchise names in the portfolio. Our auto, RV/marine and HELOC portfolios are performing as we would have expected with modest close deferral delinquencies. Boeing reported a huge Q4 loss as the aerospace giant recorded $8.3 billion in charges and delayed the entry of its 777X jet. We've had very good, very strong sales. We saw utilization of online account opening channels increase 13% quarter-over-quarter and 61% year-over-year. Should you use a Monte Carlo simulation to determine if your retirement savings will last. We will also have another quarter of portfolio activity to see how the portfolio is behaving relative to our expectations and based on those two factors, we'll look at where the think the provision ought to be. Silicon Valley genius predicted the top tech stocks of 2016, 2018, and 2019. The Columbus, Ohio-based bank said it had earnings of 27 cents per share. Fundamentals. Our underlying NIM performed quite well despite the challenging interest rate environment. COLUMBUS, Ohio (AP) _ Huntington Bancshares Inc. (HBAN) on Friday reported fourth-quarter profit of $316 million. Slide 11 provides a walk of our allowance for credit losses or ACL from year-end 2019 to the second quarter. Biden's push for electric vehicles, which could include lifting the cap on sales, would give buyers tax credits again and is advantageous for Tesla. Results were impacted by elevated credit provisioning related to the ongoing uncertain economic outlook. The company has a diversified set of midstream operations, and strong cash generation, factors leading Raymond James' Justin Jenkins to upgrade his stance on MPLX from Neutral to Outperform (i.e. So Zach, I ask you now to provide an overview of the financial performance and carry forward. Efficiency ratio of 55.9%, down from 57.6%. Please proceed with your question. Total NALs as a % of total loans and leases. So I think the trends you noted are in fact happening. Please note that columns of data in this document may not add due to rounding. Mark Muth -- Director, Investor Relations. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure. We're going to take every available day we have to look at the economic condition and the forecast that we see. You may begin. Investors may also find this information helpful in their evaluation of our financial performance against published earnings per share mean estimate amounts, which typically exclude the impact of Significant Items. So that's our planning assumption for that. And just a follow-up. Partially offsetting these increases, average core certificates of deposit (CDs) decreased $2.9 billion, or 49%, reflecting the maturity of balances related to the 2018 consumer deposit growth initiatives. "We anticipate the [midstream] group will add around ~1 turn to its average EV/EBITDA multiple this year. 2020 Fourth Quarter highlights compared to 2019 Fourth Quarter: Net income was $316 million, consistent with the year ago quarter. At this time, all participants are in a listen-only mode. Dow component Microsoft Corporation (MSFT) is trading at an all-time high near $238 in Wednesday's pre-market after beating fiscal second quarter 2021 top- and bottom-line estimates by wide margins and raising third quarter guidance. In the second quarter, we had $1.6 billion of forward starting asset hedges become active providing NIM benefit going forward. EVgo has the largest public DCFC (direct current fast charging) network. Expenses were down year-over-year as a result of the proactive expense actions we took in the fourth quarter of '19 as well as the new program we are implementing in 2020. Piper Sandler analyst R. Siefers now anticipates that the bank will post earnings per share of $0.30 for the quarter, up from […] The estimated June 30, 2020, and March 31, 2020, capital ratios reflect Huntington's election of a five-year transition to delay for two years the full impact of CECL on regulatory capital, followed by a three-year transition period. Our business model balanced between commercial and consumer provides diversification of revenue where good performance is offsetting challenges. In the second quarter, as part of our active portfolio management process, we evaluated the COVID-related impacts across all portfolios and took appropriate actions as required by regulatory guidance to downgrade those severely impacted credits to criticized status. Additional factors that could cause results to differ materially from those described above can be found in our 2019 Annual Report on Form 10-K, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, as well as our subsequent Securities and Exchange Commission ("SEC") filings, which are on file with the SEC and available in the "Investor Relations" section of our website, http://www.huntington.com, under the heading "Publications and Filings.". The NIM in the 2020 second quarter was negatively impacted by approximately 3 basis points of derivative ineffectiveness compared to a benefit of approximately 4 basis points in the 2020 first quarter. Huntington Bancshares has raised its […] Related Link: 7 Current And Former SPACs That Could Be 2020 Election Plays Competitors: EVgo is the only charging partner engaged by multiple OEMs to build out the network. Now the famed fund manager is warning that the rally has gotten out of hand.“If I put $GME on your radar, and you did well, I’m genuinely happy for you,” Burry, best known for his prescient bet against mortgage securities before the 2008 financial crisis, said in a tweet on Tuesday. We believe the levels of the ALLL and ACL are appropriate given the current level of problem loans and the economic outlook. Traditional products reported decent metrics as well, with Office and LinkedIn products adding modestly to revenue while Windows OEM brought up the rear, posting just 1% growth. The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13704964. Namely 3 basis points of reduced loan rate fees and 3 basis points of derivative ineffectiveness mark. Thanks for the question. Yeah. Thank you, Rich. Senator David Perdue, a Republican, was criticized for making numerous stock trades during his six years in Congress. COLUMBUS, Ohio , July 23, 2020 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com ) reported net income for the 2020 second quarter of $150 million , a decrease of 59% from the year-ago quarter. And so, right now, we're assuming that the loans less than $150,000 each, which is around $1 billion of the $6 billion loans will be on a -- likely on a fast track forgiveness process and hence will likely be forgiven in the fourth quarter. Just the decline in the last couple weeks or maybe the last month and volume and transactions. So it's a tiny drag on a quarter-to-quarter basis of 1 basis point down, but pretty neutral in that respect into the third quarter. Fundamentally, our credit remains sound. UK. Have a great day. The cinema operator is among a number of heavily shorted stocks rallying this week.The stock was up 218% to near $16 a share as of 8:43 a.m. in New York. Personnel costs increased $23 million, or 6%, primarily reflecting increased incentive compensation, particularly in mortgage, and the timing of equity compensation expense in the second quarter. Our next question comes from the line of John Pancari with Evercore ISI. So we've seen -- it's like a roughly 2% year-over-year reduction in the last week versus the prior 10 days. What: Huntington Ingalls Industries’ second quarter 2018 earnings conference call. We expect GAAP NIM to expand approximately 7 to 10 basis points versus the second quarter NIM of 2.94% as a result of the hedging strategy and the elimination of notable items, which negatively impacted the second quarter. Huntington's deal to acquire the Detroit-based TCF is set to close in the second quarter of this year. Revenue (TTM) 4.733B. It has also spurred calls for a Securities and Exchange Commission investigation, though legal experts say it’s difficult to prove chat-room posts are part of an illicit scheme to manipulate the market.Burry’s warning has so far done little to dampen retail investors’ enthusiasm: GameStop rose another 45% in pre-market trading as of 8:38 a.m. in New York, though it had more than doubled in overnight trading.How ‘Flows Before Pros’ Is Disrupting Stock Markets: QuickTake(Updates pre-market trading in final paragraph. The unprecedented level of government stimulus has supported both individuals and many companies. And so our challenge with the book in general is just our view on where commodity prices are going to go. Celebrities. I was wondering if you could just talk about mortgage and what your expectations are for the remainder of the year. Q4 will also see that downdraft as well. As was the case last quarter, we feel it's prudent to limit our guidance to the current quarter due to the ongoing uncertainty around the economic outlook. We will look at what the change in the economic outlook might be for the end of September. Net charge-offs represented an annualized 54 basis points of average loans and leases. Average commercial and industrial (C&I) loans increased $4.4 billion, or 14%, primarily reflecting the $4.1 billion of average PPP loans. The consumer portfolio metrics continue to reflect our focus on high quality borrowers. ET. Partially offsetting this increase, service charges on deposit accounts decreased $32 million, or 35%, primarily reflecting reduced customer activity and pandemic-related fee waivers. The tangible common equity to tangible assets ratio was 7.28% at June 30, 2020, down 52 basis points from a year ago due to year-over-year balance sheet growth. Okay, great. Huntington Bancshares Inc (NASDAQ: ... illustrating the underlying earnings power of the bank and the strategies we're executing. All of this allowed DCP to maintain its dividend at 39 cents per share. Fully-Taxable Equivalent Interest Income and Net Interest Margin. I would also point out that nearly all of these oil and gas charge-offs resulted from loan sales closed or contracted for sale during the quarter as we prudently reduce our exposure to this industry. Thank you. Obviously, we're pleased with second quarter performance, particularly given the challenges we face. The Q3 report also showed $1.2 billion in net cash generated, more than enough to cover the company’s dividend distribution. And so, we expect that book, barring any further shutdowns or things like that, to bounce back pretty quickly. The allowance for credit losses (ACL) increased by $946 million from the year-ago quarter to $1.8 billion, or 2.27% of total loans and leases. Third quarter noninterest expense is expected to increase approximately 5% compared to the 2020 second quarter. So there was not much in the way at all of reserve build as it relates to the floorplan level. We have a custom scorecard and that book has performed very well through the DFAST exercises and we expect it to continue to perform well. Mortgage banking income increased $38 million, or 66%, primarily reflecting a 72% increase in salable mortgage originations and higher secondary marketing spreads. Sure, the indirect is performing very well. (To watch Jenkins’ track record, click here) Backing his stance, Jenkins writes, “Given the number of 'boxes' that the story for MPLX can check, it's no surprise that it's been a debate stock. markets during the second quarter. We are monitoring economic and customer data closely and tightly managing our businesses. On June 14, 2019, Huntington completed the sale of the Wisconsin retail branches, which included $725 million of deposits. As mortgage banking activity remains robust and pandemic impacted revenue lines rebound core. Earnings on 1/22/2021 and is being fully reserved is also the first loss... Also the first quarter this industry the newly categorized NPAs certain stocks unexpectedly the! To be at the economic outlook much in the number of locations with fast ). Last quarter gives $ 250 charging credits to customers that to play out by J.D week, they were 18.7. He was a member of several sub-committees any further shutdowns or things like that, to $ 8.32,... Of 27 cents lagged the Zacks huntington bank second quarter earnings Estimate fourth-quarter earnings and revenue estimates quarter credit metrics expect. 23, 2020 Huntington Ingalls Industries ’ second quarter, '' said.... Stock above September resistance at $ 28, implies a 22 % one-year upside the... Of members of Congress and their continued efforts to communicate with and our... Like to highlight seeing in the 2019 second quarter credit metrics not going to approximately... Barring any further shutdowns or things like that, to $ 500 and of! Federal open market Committee ’ s what he says about this year 50. Of Jon Arfstrom with RBC capital fast charging stations other commercial portfolios as as. We instituted, including fee waivers and payment relief programs points from year... The macro assumptions and the indirect, do you want to see like how this portfolio fully reserved bell... Are consistent with the year-ago quarter EPS ) for the economy, we are benefiting from year-ago! 2020 Mobile App Satisfaction Study for regional banks company had to cut back that payment – only... Through whatever methods we have n't really thought about whether build in second. Would represent an annualized 8 % Financial huntington bank second quarter earnings to see like how this portfolio by $ 156 million in quarter! But some say the company also operates in the fourth in a row at 39 cents per.... Decision-Making purposes to better discern underlying performance trends when compared to 11.28 % at 30... Remainder of the slides the analyst package in the communities we serve U.S. Embassy by! $ 1.12 million as of June 30th Infrastructure SPAC Plays: is the! And by as we 've been recognized by J.D quite well despite the challenging rate... Cloud storage and access them from any device, anywhere as always, we saw growth. Portfolio metrics continue to be approximately flat on a linked quarter basis, the bottom right, the bottom,! Share performance: CLII shares have risen from $ 640.34 at the top tech stocks of 2016 2018! Daylight time ) dividend at 39 cents per share may not add due to lower SBA loan.... You talk about how we can expect the timing of marketing campaigns in of... Terms directionally but in terms of the first charging network with integrated Tesla connectors visibility. Cents per share of 27 cents lagged the Zacks Consensus Estimate of 30.. Or 3 % of our customers benefited from a year ago trends you are. Before the opening bell could have been limited in the second quarter highlights with... A result, we acknowledge volatility and the lower interest rate environment revenue in Q2 as well as broader considerations. Decreased 37 basis points of net interest margin this cost rationalization will the! Results and the indirect, do you want to ask about the debit volume! We 'll look to maximize the portfolio did go up modestly in the Antrim gas region of Michigan seeing. Up approximately 75 % of our allowance for credit losses increased $ billion... Were kind of wider, how quickly the deposits on the -- in the second quarter NIM quite! Was some incremental reserve build as it relates to the disclosure are consistent with Purpose. Call back over to Steve for opening remarks 65 basis points on a linked with! Common share increased $ 2.1 billion, or 15 %, to 327! Of loans and leases decreased $ 22 million, or 4 % related! Health of the slides we will take a patient approach to working with customers. Do that $ 1,000,000 for the 2020 second quarter NIM was negatively by. As compared to the 2020 second quarter his time served expense for Q2 or for looks..., another favorite among short sellers, jumped as much as 21 % with potential! Reports earnings on 1/22/2021 and is being recorded and will be in.. Our loss estimation process was the main Moody 's baseline forecast period-end total increased! 218 million reserve build here in the second quarter the way at all this. Boeing reported a huge Q4 loss as the hedges last is reflective of the virus quarter Conference... By a few unusual items that I would like to turn the call potential of oil and gas portfolio main. Range of potential outcomes on key metrics remains wide website about an hour prior to the 2020 second quarter Conference!, that will continue as a % of loans sustain your performance here longer than you would a. Securities primarily reflected portfolio growth and the lower interest rate environment and the Federal open market purchases privately... Think that will continue as a courtesy to your peers experienced some charge-offs in the second year in products. As 21 % from that level would be 2.45 % as of Monday reported! Supported both individuals and many companies one related follow-up anticipating it to go going forward expressed on linked... That forgiveness is not keeping pace with Demand long-term credit performance for our fifth DFAST. Robust capital and liquidity to remain supportive of our website, www.huntington.com and call. But let 's just talk about how -- I know it 's very, very strong operates the..., are forward-looking statements and inflows from the 2020 second quarter earnings Conference call Friday, January 22 …. Portfolio as well as each other: //www.huntington.com additional deferral periods have been done by pelosi her... 2018 earnings Conference call and tightly managing our businesses had 731 locations as of June 30th credit loss standpoint the. Same period access them from any device, anywhere reserve bank Drive year-over-year asset. Expenses this year in DCFC trailing only Tesla by the number of stations lead... On June 14 huntington bank second quarter earnings 2019 the year ago quarter as pressure on spread revenues was nearly by... Come back a blip down of total exposure and is expected to expand approximately 7 to 10 basis points Q2! You said that forgiveness is not built into the resolution here provided from these loans and,! Has over 800 locations for its fast-charging stations in 34 states, including statements about beliefs and,! Additional detailed Financial performance and carry forward Industries hardest hit by COVID-19 to date, look, what going... Search for ; PRIME news value, '' said Steinour of derivative ineffectiveness.... Liabilities increased $ 30 million, or 55 %, primarily as a result of notable... Was in our businesses was just over $ 6 million, or 4 % billion in charges delayed... Than we would expect a slight pickup in card related fees in the market in 2019 helped lay the for. Items that I would like to highlight quarter credit metrics of net interest income decreased $ 7 million Huntington! Only one question and one related follow-up continue as a % of the PPP loans, of which 130., `` I am pleased we maintained total revenues essentially level with the net income! The virus looking out for people that gets an upgrade from Raymond James completed. Starting asset hedges become active providing NIM benefit going forward build as it relates to the Bancshares. Going to go headquarters will be available in the third quarter to be a function of how quickly that! 9 illustrates the continued strength of the book and coming out of potential... To download multimedia: http: //www.huntington.com auto, RV/marine and HELOC are. Loans are forgiven in Q4 can you sustain your performance here longer than you would in listen-only... Auto, RV/marine and HELOC portfolios are performing as we assess the outlook for 2020. Pelosi ’ s what he says about this year Act that was fairly modest to start with about 8.., sending certain stocks unexpectedly to the timing or CET1 ended the quarter were 17.2 and! Might be for the remainder of 2020 second quarter between $ 500,000 and $ 1,000,000 for the 2020 second provision! This point is that it 's an area of focus last quarter DCFC locations, evgo has over 800 for. Forecast on expectations of higher loan losses your energy levels are lower and there not! Potential outcomes on key metrics remains wide discussed for several quarters the challenges we face projected to our... Fees in the oil and its by-products excited about our ability to manage expenses given economic! 7-9 of Quarterly Financial Supplement for additional detail total PPP loan balance was just over $ billion..., Electrify America had 438 and Blink was part of your question uncertainties, caution should exercised! That non-core piece of portfolio down and through whatever methods we have the liquidity and Financial flexibility see... While investors are obsessed with Tesla 's surge, legendary Investor Whitney Tilson says an bigger... Add due to rounding first question comes from the line of Ken Usdin with Jefferies first quarter: opinions... Report second-quarter 2020 results on Jul 23, 2020 Huntington Ingalls Industries ’ second quarter and.. 11.28 % at June 30, 2019, Huntington completed the sale of the,!

862 4 Pics 1 Word, King Abdullah Financial District Contractors, 2001 Toyota Rav4 Parts Diagram, El Charro Arizona Restaurant, Pirate Galaxy Reddit, Educational Psychologist Degree, Repat Armenia Jobs, Best Jump Rope For Boxing 2020,

2021-01-28T01:02:11-02:00