Huntington Bancshares reported 2013 first quarter net income of $151.8 million, a decrease of $1.5 million, or 1%, from the 2012 first quarter and a decrease of $15.5 million, or 9%, from the 2012 fourth quarter.
Huntington noted that average C&I loans in the first quarter 2013 were $17.0 billion, up from $14.8 billion or 14% from the same quarter in 2012. The bank said the growth was reflected across most business lines, with particularly strong growth in equipment finance, dealer floorplan and health care.
Stephen D. Steinour, chairman, president and chief executive officer said, “Huntington’s growth has occurred in a challenging economic and regulatory environment. While some companies are hesitant to invest in light of the uncertain economy, we will continue to look for areas where we can improve efficiency, continue to deliver positive operating leverage, and selectively invest in our businesses in order to drive our long-term profitability.”
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