2 Regional Bank Stocks Attracting Attention Ahead of Earnings Releases

BB&T Corp (NYSE:BBT) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for net income of 53 cents per share, a rise of 76.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 50 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 53 cents during the last month. For the year, analysts are projecting profit of $1.81 per share, a rise of 56% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 52 cents per share against a mean estimate of profit of 49 cents per share. Analysts are projecting a decline of 4.8% in revenue from the year-earlier quarter to $2.19 billion.

Competitors to Watch: JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), SunTrust Banks, Inc. (NYSE:STI), PNC Financial Services (NYSE:PNC), Pinnacle Financial Partners (NASDAQ:PNFP), Regions Financial Corp. (NYSE:RF), Bank of America Corp. (NYSE:BAC), First Horizon National Corp. (NYSE:FHN), First Security Group, Inc. (NASDAQ:FSGI), and First Citizens BancShares Inc. (NASDAQ:FCNCA).

Huntington Bancshares, Inc. (NASDAQ:HBAN) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for net income of 14 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 15 cents during the last month. For the year, analysts are projecting profit of 60 cents per share, a rise of more than threefold from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 16 cents per share versus a mean estimate of profit of 17 cents per share. In the second quarter, the company beat estimates by one cent. Analysts are projecting a decline of 3.9% in revenue from the year-earlier quarter to $653.3 million.

Competitors to Watch: Fifth Third Bancorp (NASDAQ:FITB), FirstMerit Corporation (NASDAQ:FMER), WesBanco, Inc. (NASDAQ:WSBC), Peoples Bancorp Inc. (NASDAQ:PEBO), First Financial Bancorp (NASDAQ:FFBC), Park National Corporation (AMEX:PRK), Wells Fargo & Company (NYSE:WFC), Camco Financial Corp. (NASDAQ:CAFI), Tower Financial Corp. (NASDAQ:TOFC), and PNC Financial Services (NYSE:PNC).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com