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Business Briefs

Huntington Bank parent reports growth in profit

| Wednesday, Jan. 25, 2017, 10:18 p.m.

Huntington Bancshares Inc., parent company of Huntington, on Wednesday posted a 19 percent increase in fourth-quarter profit.

The Columbus-based company earned $212 million in the quarter, or 18 cents per share, compared with $178 million, or 21 cents a share, a year earlier. Per-share earnings fell as the company had more shares outstanding in the recent quarter related to its stock-and-cash purchase of FirstMerit Corp.

Revenue increased by 39 percent in the quarter to $1.08 billion.

Huntington has about 37 Western Pennsylvania branches and a regional headquarters in the Grant Building downtown Pittsburgh. In all, there are 1,115 branches across eight Midwestern states.

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