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Banking & Finance
Huntington Earns $153.3 Million in First Quarter
Thursday, April 19, 2012
COLUMBUS, Ohio – Huntington Bancshares Inc., parent of Huntington National Bank, Wednesday reported first-quarter net income of $153.3 million, or 17 cents per common share.
That figure is 21% higher than the $126.9 million net income for the quarter ended Dec. 31, or 14 cents per common share, and 21% higher than the quarter ended March 31, 2011, when Huntington reported net income of $126.4 million, or 14 cents per share.
What Is the Future of Money in a Mobile Age?
Wednesday, April 18, 2012
WASHINGTON, D.C. -- As adoption of advanced mobile devices such as smartphones has exploded in recent years, consumers have grown increasingly comfortable using their phones to transfer money, purchase goods, and engage in other types of financial transactions.
F.N.B. Capital Corp. Invests in Glunt Industries
Friday, April 13, 2012
PITTSBURGH – F.N.B. Capital Corp., the merchant banking subsidiary of F.N.B. Corp., participated in a recapitalization of Glunt Industries based in Warren, Ohio, F.N.B. Capital Corp. announced Thursday.
The other participants were Merit Capital Partners and Glunt management, F.N.B. said. Terms were not disclosed.
Merchant bankers provide mezzanine debt financing (subordinated debt) and can take an equity position -- that is, invest – in a company. F.N.B. Capital did both, it said.
First National Bank Honored by Thiel College
Wednesday, April 11, 2012
GREENVILLE, Pa. -- In appreciation for First National Bank’s support of events such as Earth Week, Thiel College honored the bank for community service. A plaque was presented to Jeff Wallace, bank vice president and a member of Thiel College’s Board of Associates.
Small Business Owners Plan Hiring, Expect Higher Sales
Friday, April 06, 2012
PITTSBURGH -- An upbeat outlook on sales will prompt nearly one in three U.S. small business owners to add employees over the next six months as optimism returns to positive levels unseen since before the 'Great Recession' of 2008-2009. Expectations for sales and profits have rebounded from near-historic lows last fall, according to the biannual PNC Economic Outlook survey.
Owners have growing optimism about the U.S. economy and their own company's prospects, the survey found. Nearly three in four (70%) plan to invest in their business in the next six months.