Listen to this story
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now0:00
0:00
Loading audio file, please wait.
Columbus, Ohio-based Huntington Bancshares Inc., parent of Indianapolis’ fourth-largest bank, Huntington National Bank, this morning announced a $417.3 million loss, or $1.20 per common share, for its fourth quarter.
The company also posted a year-end loss of $113.8 million, or 44 cents per common share, for 2008.
Huntington’s fourth quarter results included $560.6 million in charge-offs and a $961.3 million increase in non-performing assets.
The quarterly results compare with a loss of $239.3 million, or 65 cents per share, in the same quarter a year ago. For 2007, Huntington reported profit of $75.2 million, or 25 cents per common share.
Huntington has 51 branches and 700 employees locally.
Please enable JavaScript to view this content.