Huntington Bank reports 6 pct. profit increase
YOUNGSTOWN — Columbus-based Huntington National Bank on Thursday reported a 6 percent increase in its third quarter earnings when compared with the same period a year ago.
The bank made a profit of $178 million, or 20-cents per share, up from $167.8 million, or 19-cents per share in the second quarter of 2012.
“Our performance has benefited from ongoing improvement within our core Midwestern economies,” said Stephen D. Steinour, chairman, president and chief executive officer of Huntington, in a statement. “We also made progress in managing expenses, including one-time savings attributable to pension curtailment, right-sizing of some investments and the consolidation of 22 branch locations.”
Huntington operates in a six-state footprint of Ohio, Pennsylvania, Michigan, Indiana, West Virginia and Kentucky. It is Youngstown’s largest bank by deposits and market share.
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