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