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Banking & Finance
Huntington Reports Net Income of $632.4M for 2014
Friday, January 23, 2015
COLUMBUS, Ohio -- Huntington Bancshares Inc., holding company of Huntington Bank, Thursday reported fourth-quarter net income of $163.6 million or 19 cents per diluted share, and full-year net income of $632.4 million, or 72 cents a share.
This compares to third-quarter net income of $155 million, or 18 cents a share, fourth-quarter 2013 net income of $158.2 million, or 18 cents a share, and $641.3 million, or 72 cents a share -- unchanged -- for all of 2013.
FNB Sets Full-Year Record for Net Income, $135.7M
Friday, January 23, 2015
PITTSBURGH -- F.N.B. Corp., holding company of First National Bank of Pennsylvania, reported fourth-quarter net income of $37.29 million, or 21 cents a common share, available to holders of its common share, and full-year net income of $135.70 million, or 80 cents per diluted share, a record.
This compares to third-quarter net income $33.38 million, or 20 cents a common share, and fourth-quarter net income of $28.44 million, or 18 cents a share.
Full-year net income in 2013 was $117.80 million, or 80 cents per share. 2014 net income exceeded 2013 results by 15.2%.
60% of Consumers Check Their Credit Reports
Thursday, January 22, 2015
WASHINGTON -- Eighty-five percent of Americans are aware they can check their credit report once a year at no charge and 60% have done so in the last 12 months, the American Bankers Association reported Wednesday.
The ABA hired Ipsos Public Affairs to conduct an online survey of 1,003 Americans ages 18 and older. Precision of the Ipsos survey, take between Dec. 11 and 14, is plus or minus 3.5%.
The survey is one aspect of the trade association’s efforts to encourage financial literacy, said Molly Wilkinson, executive director of the ABA Card Policy Council.
Zoldan Sues His Business Partner in Ice Zone
Wednesday, January 21, 2015
YOUNGSTOWN, Ohio -- Ice Zone co-owner Bruce Zoldan today filed a complaint in Mahoning County Common Pleas Court alleging Thomas Hutch Jr., his business partner in the Boardman skating rink, owes him more than $800,000 in damages.
PNC, Owed $1.8M, Files Foreclosure on Ice Zone
Wednesday, January 21, 2015
BOARDMAN, Ohio -- PNC Bank filed a foreclosure complaint Tuesday in the U.S. District Court for the Northern District of Ohio against Ice Zone Ltd. and business partners Bruce Zoldan and Thomas Hutch Jr. The complaint alleges that the Ice Zone and its partners are in default on a $2.8 million note issued on Dec. 22, 2009, and owes the bank nearly $1.8 million.