Huntington's Third-Quarter Common Income Falls to $680 Million

Huntington Bancshares Incorporated reported lower third-quarter income and revenue as average loan balances contracted, while its net interest margin widened and diluted earnings per share held steady. Income applicable to common shareholders was $680 million for the quarter ended Sept. 30, down from $686 million in the quarter ended June 30. Total revenue declined to $2.791 billion from $2.837 billion over the same comparison, a decrease of $46 million. Noninterest income fell 8% to $722 million, reflecting lower capital markets fees and unfavorable equity valuation adjustments. Net interest income rose 1% to $2.069 billion.

Source: TokenPost