UPDATE: Huntington Q4 Profit Surges 32%
Huntington Bancshares (NASDAQ: HBAN) reported a 32% rise in its fourth-quarter earnings.
Huntington's quarterly profit surged to $167.3 million, or $0.19 per share, versus $126.9 million, or $0.14 per share, in the year-ago period.
Its revenue climbed 14% to $737.2 million, while net interest income rose 4.6%. However, analysts were expecting earnings of $0.17 per share on revenue of $703 million.
Huntington's net interest margin rose to 3.45% from 3.38%.
Huntington shares closed at $6.72 yesterday.
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