Huntington Bank sees growth in northern WV business - Beckley, Bluefield & Lewisburg News, Weather, Sports

Huntington Bank sees growth in northern WV business

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Huntington Bancshares on July 18 reported second quarter net income of $150.7 million, a decrease of $2.1 million, or about 1 percent, from a year ago and a decrease of $1.1 million, from this year's first quarter.

Huntington Bancshares is based in Columbus, Ohio. Andy Paterno, the company's West Virginia president, said the company is doing well in the state so far this year.

Year-over-year, Huntington has seen growth of about 10.6 percent in consumer household checking accounts and 7.4 percent growth in commercial checking accounts. Those numbers are companywide, but the West Virginia numbers track similarly, Paterno said.

Also, about 46.7 percent of the bank's consumer customers have six or more products with the bank, and 36.3 percent have four or more products, he said.

"Our mortgage lending has been really good. It's been a bright spot for us the first six months. I can't tell you what it's going to be the next six months because rates have gone up," Paterno said on a conference call.

The bank had previously announced a strategy to attract more business in northern West Virginia, particularly in areas active in the coal and natural gas industries. Huntington added people familiar with the energy industry to its commercial loan offices.

"We've started to see some activity. We're getting into that market much more than I the past," he said.

Todd Beekman, director of investment relations for Huntington, said credit charge-offs and past-due loans improved in the second quarter. Excluding government-guaranteed loans, about one-fourth of 1 percent of loans are 90 days or more past due, he said.