Huntington Bancshares, Columbus-Based Bank, Posts 3Q Earnings Of $274.6M

COLUMBUS, OH — Huntington Bancshares Inc. (HBAN), a bank based in Columbus, Ohio, reported Wednesday third-quarter earnings of $274.6 million and earnings of 23 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 25 cents per share.

The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share.

The regional bank holding company posted revenue of $1.2 billion in the period. Its adjusted revenue was $1.09 billion, missing Wall Street forecasts. Seven analysts surveyed by Zacks expected $1.1 billion.

Huntington Bancshares shares have climbed 7.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 15 percent. The stock has climbed 41 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBAN at https://www.zacks.com/ap/HBAN

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