Huntington Bancshares reports profit

Huntington Bancshares Inc. reported a second quarter profit as it puts aside less money against future loan losses.

The Columbus, Ohio-based company said it earned $48.8 million, or 3 cents per share, compared with a loss of $125.1 million, or 40 cents per share, in the same quarter last year.

The company's provision for credit losses was $193.4 million in the second quarter, down 18 percent from the first quarter and down $220.3 million, or 53 percent, from the same time last year.