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

(RTTNews) - 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.