Huntington Bancshares earnings unchanged
Huntington Bancshares Incorporated this week reported 2013 second-quarter earnings that are unchanged from this time last year.
The company’s net income of $150.7 million reflected a decrease of $2.1 million, or 1 percent, from the 2012 second quarter.
The board of directors declared a quarterly cash dividend on its common stock of $0.05 per common share. The dividend is payable Oct. 1 to shareholders on record Sept. 17.
“I am extremely pleased that we have returned to pre-recession, normal credit levels ahead of our prior expectations, said Stephen D. Steinour, bank chairman, president and CEO.
He said expenses were managed slightly below expectations and revenue was relatively unchanged as strategic growth overcame multiple environmental headwinds. Consumer lending and deposits have increased over the same quarter last year as consumer confidence in the recovery rises and the company’s commercial pipeline continues to be strong, he said.