Huntington Shares Slide After Fourth-Quarter Profit Falls 5.7%

Huntington Bancshares Inc. (HBAN) fell the most in more than four months after fourth-quarter profit declined 5.7 percent from a year earlier.

Huntington slid 3.5 percent to $9.55 at 10:33 a.m. in New York, the most intraday since Aug. 27. The stock was the second-worst performer in the 24-company KBW Bank Index (BKX) after Citigroup Inc.

Net income for the three months ended Dec. 31 dropped to $157.8 million, or 18 cents a share, from $167.3 million, or 19 cents, a year earlier, the Columbus, Ohio-based lender said today in a statement. The average estimate of 26 analysts surveyed by Bloomberg News was for profit of 17 cents.

Noninterest income fell 17 percent in the quarter to $246.6 million from a year earlier as mortgage banking income slid 61 percent. Total revenue declined 7 percent to $685.5 million, according to the statement.

The bank, which operates in six Midwestern states, announced in October that it would buy Camco Financial Corp. for $82.4 million. Cambridge, Ohio-based Camco has branches in Ohio, Kentucky and West Virginia, according to the company.

To contact the reporter on this story: Sarah Jacob in New York at

To contact the editor responsible for this story: Peter Eichenbaum at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.