Huntington reports decrease in earnings

July 21, 2016 at 11:55a.m.

YOUNGSTOWN — Huntington Bancshares Inc. today reported net income for the 2016 second quarter of $175 million, a $22 million, or 11 percent year-over-year decrease.

FirstMerit acquisition-related expenses totaled $21 million pretax.

“We continued to deliver solid 2016 performance during the second quarter,” said Steve Steinour, chairman, president and CEO of Huntington. “The quarter demonstrated encouraging growth in business lending and ongoing strong performance in auto loans and residential mortgage. We have continued executing our strategy to balance growth with disciplined risk management.”

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