UPDATE: Huntington Bancshares Posts Upbeat Q3 Profit
Huntington Bancshares (NASDAQ: HBAN) reported a 6.4% rise in its third-quarter profit.
Huntington's quarterly earnings surged to $178.5 million, or $0.20 per share, from $167.8 million, or $0.19 per share, in the year-ago period. However, analysts were expecting a profit of $0.17 per share.
Its revenue fell 2.1% to $682 million, missing analysts' expectations of $684.8 million.
Huntington's net interest margin narrowed to 3.34% from 3.38%.
Huntington shares closed at $8.60 yesterday.
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