This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Huntington Named Top Performing Bank In The Nation By Bank Director Magazine

Huntington Bank (NASDAQ:HBAN) was named the top performing bank in the nation by Bank Director Magazine in its recent annual Bank Performance Scorecard issue, the magazine announced today.

The scorecard lists the top performing publicly traded banks across the nation in three categories based on asset size. There were 289 banks participating this year.

Huntington, with assets of $56 billion, came in first in the $50 billion and up category, moving up to the top spot from last year when it was second in the rankings.

The Bank Performance Scorecard is an annual survey of banks that measures profitability, asset quality and capitalization. In describing Huntington’s No. 1 ranking, the magazine lauded Huntington for carving out a niche within the super prime indirect auto space as well as its Fair Play banking, which includes the bank’s “highly popular free checking product.” The magazine added that Huntington “saw a significant improvement in asset quality last year and the resulting credit leverage also boosted its 2012 earnings.”

“Huntington’s Board of Directors is extremely pleased to be recognized for the second consecutive year by Bank Director Magazine,” said Steve Steinour, chairman, president and CEO of Huntington Bank. “With the board’s input, Huntington developed a strategic plan in 2009 that has resulted in the expansion of our customer base by 30 percent. The board also had the vision to make banking more convenient through the addition of in-store and extended hour banking as well as investments in key commercial products that reflect the needs of our Midwest markets including capital markets, treasury management, health care, energy and agriculture.

“With the guidance of our board and dedication of our colleagues, we have been able to top this year’s scorecard,” added Steinour. “Huntington continues to be grateful to our customers for their loyalty, business and ongoing commitment to Huntington.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs