Profit up 19% at Huntington Bancshares

Huntington Bancshares reported a 19 percent spike in second quarter profits from stronger mortgage and commercial lending.

The Columbus, Ohio-based bank said net income was $196.2 million, or 23 cents per share, up from 164.6 million, or 19 cents per share, a year ago. Total revenue shot up 8.8 percent to $772.5 million, boosted by the purchase of an equipment financing company that increased commercial loans. Noninterest expense also increased 7 percent to $491.8 million on higher personnel and outside data processing costs.

Huntington is the sixth largest bank in the Pittsburgh metro market with 38 branches.