Huntington Bank sees growth in northern WV business - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Huntington Bank sees growth in northern WV business

Posted: Updated:
  • BusinessBusinessMore>>

  • Autism training to expand from Huntington to Athens, WV

    Autism training to expand from Huntington to Athens, WV

    Wednesday, November 16 2016 9:45 AM EST2016-11-16 14:45:47 GMT

    The West Virginia Autism Training Center is expanding its reach in the state. WV ATC, located at Marshall University in Huntington, has partnered with Concord University to develop on-campus support in Athens for students who are diagnosed with an autism spectrum disorder.

    The West Virginia Autism Training Center is expanding its reach in the state. WV ATC, located at Marshall University in Huntington, has partnered with Concord University to develop on-campus support in Athens for students who are diagnosed with an autism spectrum disorder.

  • AT&T offering computer science grants

    AT&T offering computer science grants

    Monday, November 14 2016 5:08 PM EST2016-11-14 22:08:54 GMT

    Executives with ATTInternetService are offering computer sciences grants to university professors and secondary school teachers to upgrade technology in their classrooms.

    Executives with ATTInternetService are offering computer sciences grants to university professors and secondary school teachers to upgrade technology in their classrooms.

  • WV child advocacy, domestic violence groups get help from Verizon

    WV child advocacy, domestic violence groups get help from Verizon

    Thursday, October 27 2016 5:01 PM EDT2016-10-27 21:01:17 GMT

    The West Virginia Child Advocacy Network and West Virginia Coalition Against Domestic Violence are getting help from Verizon's HopeLine program to help those affected by domestic violence and child abuse.

    The West Virginia Child Advocacy Network and West Virginia Coalition Against Domestic Violence are getting help from Verizon's HopeLine program to help those affected by domestic violence and child abuse.

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.

Powered by Frankly