Huntington Bancshares

2Q preview: Regional banks staring at steep profit declines


While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.


How long will banks have to keep padding loan-loss reserves?


Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.


V-shaped recovery? More like a U, Huntington chief says


The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says.


Banks find creative ways to help cash-strapped health clinics


For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until they can get back to business as usual.


Wells Fargo, Comerica, BancShares: Bankers on the move


Wells Fargo's continued leadership shake-up led to more executive shuffling in the final two montsh of 2019.


Labor shortage crimps demand for commercial loans, bankers say


Many business customers are putting off expansion because they can’t find enough workers to fill available jobs.


Banks are all revved up for boat, RV lending


Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.


Huntington counts on consumers to drive loan growth


The combination of low unemployment, rising wages and falling interest rates means more households are taking out loans for big-ticket items like speedboats and mobile homes.


Zions is latest regional to announce layoffs


Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits. With net interest margins shrinking and branch traffic continuing to decline, expect more banks to follow suit, analysts say.


Huntington will lay off 150 to 200 workers


The Ohio company, scheduled to report third-quarter results Thursday, blamed the decision on the squeeze interest rates are putting on revenue.