Huntington Bancshares reports 18 pct. earnings increase - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Huntington Bancshares reports 18 pct. earnings increase

Posted: Updated:
  • BusinessBusinessMore>>

  • Smartphones share state fair sights

    Smartphones share state fair sights

    Saturday, August 23 2014 6:00 AM EDT2014-08-23 10:00:15 GMT
    An influx of mobile traffic was expected at The State Fair of West Virginia, so AT&T tracked just how many selfies, statuses and shares have taken place during the 90th annual state fair, which wrapped up Aug. 16.
    An influx of mobile traffic was expected at The State Fair of West Virginia, so AT&T tracked just how many selfies, statuses and shares have taken place during the 90th annual state fair, which wrapped up Aug. 16.
  • Obama offers new accommodations on birth control

    Obama offers new accommodations on birth control

    Friday, August 22 2014 3:18 PM EDT2014-08-22 19:18:08 GMT
    Seeking to quell a politically charged controversy, the Obama administration announced new measures Aug. 22 to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while still ensuring those employees have access to contraception.
    Seeking to quell a politically charged controversy, the Obama administration announced new measures Aug. 22 to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while still ensuring those employees have access to contraception.
  • Hatfield and McCoy feuding continues in Gilbert, WV

    Hatfield and McCoy feuding continues in Gilbert, WV

    Thursday, August 21 2014 11:39 PM EDT2014-08-22 03:39:40 GMT
    A modern day family feud is brewing in Gilbert, WV over moonshine and the family name.
    A modern day family feud is brewing in Gilbert, WV over moonshine and the family name.

Huntington Bancshares, the parent company of Huntington National Bank, reported 2013 third quarter net income Oct. 17 of $178 million, an increase of $11 million, or 6 percent, from the 2012 third quarter and an increase of $28 million, or 18 percent, from the 2013 second quarter.

"The third quarter was a time of continuing household growth, particularly within our in-store branches, and marked a return to stability of our commercial real estate loan portfolio," said Stephen D. Steinour, president, chairman and CEO of Huntington Bank. "Our performance has benefited from ongoing improvement within our core Midwestern economies. We also made progress in managing expenses, including one-time savings attributable to pension curtailment, rightsizing of some investments, and the consolidation of 22 branch locations. Overall, it was a solid quarter positioning Huntington for a good finish for 2013."

"While we are optimistic about continuing indicators of economic improvement supporting Huntington's performance for the next several quarters, we must face the headwinds related to the yield curve, regulatory environment, and ongoing uncertainty in Washington. We look to our federal elected officials to take the appropriate steps to support economic stability and continue to advocate for sound and sustainable fiscal policies."

Huntington National Bank has 30 offices in West Virginia. It is the fifth-largest bank operating in the state in terms of deposits.