Huntington (HBAN) Q2 Earnings & Revenues Beat, NII Drops

Shares of the company gained 2% in the pre-market trading. However, a full day's trading session will depict a clearer picture. Revenues Fall, Expenses Rise NII (FTE basis) was $1.33 billion, down 2% from the prior-year quarter's tally. The downside was due to a decline in the net interest margin (NIM), partially offset by an increase in average earning assets. NIM contracted 12 basis points to 2.99% in the reported quarter. Non-interest expenses were up 6% year over year to $1.12 billion. The uptick was ma ...