FirstMerit acquisition and expanding consumer and product base will push Huntington forward.
There were no surprises in narrow-moat-rated Huntington Bancshares' fourth-quarter results, and we are maintaining our fair value estimate of $15 per share. Results remained strong for Huntington, as return on tangible common equity exceeded 15% during the quarter and return on average assets was 1.17%. The integration of FirstMerit is complete, and 2018 will be a year free of the extra charges and expenses associated with this acquisition.ÂWe now have a much better idea of what the new Hunting...
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