Thursday, 21 July 2016

Merger Costs Drag Down Huntington's Profit

Huntington Bancshares in Columbus, Ohio, reported a second-quarter profit of $175 million, off 11% from the same period in 2015. Part of the reason for the drop was a $21 million charge related to its pending acquisition of FirstMerit in Akron.

source http://www.americanbanker.com/news/national-regional/merger-costs-drag-down-huntingtons-profit-1090310-1.html

No comments:

Post a Comment