Huntington Bank reports strong 2Q earnings

YOUNGSTOWN

Huntington Bancshares Inc. reported $196 million, or $0.23 per common share, in net income for the second quarter of 2015, an increase of $32 million, or $0.04 per common share, from the same quarter a year ago.

“We’re very proud of this quarter,” Huntington Bank’s Mahoning Valley Regional President Bill Shivers said, adding that strong household growth in the Valley contributed to the earnings.

Huntington has a six-state retail banking presence in Ohio, Pennsylvania, Michigan, Indiana, West Virginia and Kentucky with more than 700 traditional branches and other branches. It is the largest bank in the Youngstown area.

Fully-taxable equivalent revenue increased by 9 percent, or $64 million, year-over-year for the second quarter of 2015. Average loans and leases increased by $2.9 billion, or 6 percent from the second quarter of 2014. Total deposits increased by $4.4 billion, or 9 percent, which were driven by a $3.6 billion increase in average core deposits.