* Net income $122.9 million
* Adjusted Q4 EPS 12 cents vs Street view 8 cents
NEW YORK Jan 20 (Reuters) - Huntington Bancshares Inc (HBAN.O) reported a fourth-quarter profit of $122.9 million on Thursday, beating estimates, as losses on bad loans fell.
The Columbus, Ohio-based bank earned 5 cents per share, compared with a year-earlier loss of $369.7 million, or 56 cents a share.
Excluding the 7-cent per share impact of its decision to repay the U.S. government's bailout funds, Huntington earned 12 cents per share. Analysts on average had expected the bank to earn 8 cents per share, according to Thomson Reuters I/B/E/S.
Huntington's repayment of its bailout in December signaled to investors that regional U.S. banks are starting to recover from the losses of the financial crisis. The bank said on Wednesday it had repurchased the warrant it had issued to the U.S. Treasury as part of the Troubled Asset Relief Program. [ID:nWNAB5612]
The bank's shares closed at $7.00 on Wednesday, and fell 2.4 percent in premarket trading on Thursday. (Reporting by Maria Aspan, editing by Gerald E. McCormick)