Huntington Bank shares reported its second-quarter profit edged higher from a year ago, helped by growth in loans and deposits.
The bank, with 14 branches and 122 employees in Summit County, said it made $152.7 million, or 17 cents per share, for the quarter ended June 30. That is up slightly from the $145.9 million, or 16 cents per share, for the same period in 2011.
Earnings for the quarter were about flat with the first quarter for the Columbus-based bank.
The company said the Midwest economy continues to show positive trends.
“Relative to the broader United States, parts of the Midwest continue to experience lower levels of unemployment, strength in manufacturing, and more stable home prices,” said Stephen Steinour, the company’s chairman, president and CEO. “While our footprint has clearly benefited from this modest recovery, the U.S. and global economies continue to experience elevated levels of volatility and uncertainty. This requires that we remain cautious.”
