Huntington reports 3Q earnings decrease with acquisition expenses

October 26, 2016 at 9:21a.m.

YOUNGSTOWN — Huntington Bancshares Inc. reported net income for the 2016 third quarter of $127 million, a $26 million, or 17 percent, decrease from the year-ago quarter.

The earnings were impacted by Huntington’s FirstMerit acquisition-related expenses totaled $159 million pretax.

Total revenue increased 24 percent over the year-ago quarter.

Also in the third quarter, strong auto and mortgage lending contributed to organic growth.

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