Banks release results for 4Q and 2013

Staff report

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PNC Financial Services Group Inc. and Huntington Bancshares Inc. released the results for the fourth quarter and full year 2013. Here is a look at how they did:

PNC reported a 2013 net income of $4.2 billion, or $7.39 per diluted common share, compared with a net income of $3 billion, or $5.30 per diluted common share, in 2012.

Fourth-quarter net income was up as well. PNC brought in $1.1 billion, an increase from the $719 million it made in the same period the prior year.

PNC reported increases in fourth-quarter loans and deposits, compared with the third quarter.

Loans were up $2.8 billion, or 1 percent, and higher transaction deposits fueled a 2 percent, or $4.9 billion, rise in fourth quarter deposits.

Meanwhile, Huntington reported decreases in net income for both the fourth quarter and full year 2013.

On the year, net income dropped slightly to $638.7 million from $641 million the year before.

Net income for the fourth quarter dropped 6 percent from the fourth quarter of 2012 to $157.8 million.

Huntington on Thursday announced a quarterly cash dividend of 5 cents per common share.

The dividend is payable April 1 to shareholders of record March 18.