Huntington Bancshares posts 1Q earnings increase

YOUNGSTOWN — Huntington Bancshares Inc. reported net income for the 2015 first quarter of $166 million, or a $17 million increase from the year-ago quarter.

Earnings per common share for the 2015 first quarter were 19 cents, an increase of $0.02 from the year-ago quarter.

The Columbus-based company’s fully taxable revenue increased by $15 million or 2 percent from the same quarter last year.

Huntington saw a 2 percent increase in deposits from the same quarter last year. This was driven by a $3.6 billion or 8 percent increase in average core deposits.

Loans and leases also increased 10 percent from the same quarter last year.

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