* Q2 EPS $0.17 vs $0.16 year earlier
* Q2 net charge-offs $84.2 mln vs $97.5 mln year ago
July 19 Huntington Bancshares Inc
posted a higher-than-expected quarterly profit as the lender set
aside less money to cover soured loans.
Net income for the second quarter rose to $152.7 million, or
17 cents per share, up from $145.9 million, or 16 cents per
Analysts had expected the company to earn 15 cents a share,
according to Thomson Reuters I/B/E/S.
Net charge-offs fell to $84.2 million from $97.5 million, a
"This quarter's financial results reflect relatively stable
returns and net interest margin, improving efficiency and credit
metrics," Chief Executive Stephen Steinour said in a statement.
The Columbus, Ohio-based bank said it expects net interest
income to improve modestly for the rest of the year.
The company also declared a quarterly dividend of 4 cents a
Shares of the company, which has a market cap of $5.72
billion, closed at $6.60 on Wednesday on the Nasdaq.