TCF - Huntington Bancshares Seeing A Little Short-Term Pain For Long-Term Gains

• Huntington's mid-quarter update suggests a continuation of less-than-ideal recent banking trends, including slower loan growth, higher deposit growth, and not much cost leverage.
• Although the market wants near-term positive operating leverage and is skeptical about whole-bank deals, I believe Huntington is making smart decisions to reinvest in the long-term growth of the business.
• I have no issues with the quality of Huntington, nor the post-TCF deal growth opportunities, but the prospective return today is more "good" than "can't miss".

For further details see: