Huntington Named Second Top Performing Bank in the Nation by Bank Director Magazine
Huntington outscores all but one bank in $50 billion and up category
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Bank (NASDAQ: HBAN; www.huntington.com) was named the second top performing bank in the nation by Bank Director Magazine in its recent annual Performance Scorecard issue, the bank announced today.
The scorecard lists the top performing publicly traded banks across the nation in four asset categories, from biggest to smallest, based on 2011 results. There are 467 institutions in this year’s ranking.
Huntington, with assets of $57 billion, came in second in the $50 billion and up category. The only institution to score higher than Huntington was Capital One Financial Corp. with more than $200 billion in assets.
The Bank Performance Scorecard is a rigorous examination of profitability, but also of capital strength and asset quality. “Huntington Bancshares was one of those institutions that benefited from a sharp improvement in asset quality last year,” the magazine concluded.
“Huntington’s Board of Directors is extremely pleased to receive this recognition as a consequence of their combined efforts to improve Huntington’s performance and position it for success going forward,” said Steve Steinour, chairman, president and CEO of Huntington Bank. “Over the past few years the bank has invested in its Fair Play Banking philosophy, which has resulted in 24-Hour Grace® overdraft protection and its industry-leading free checking account. The board also had the vision to meet the needs of customers with expanded hours and convenience by significantly enlarging its distribution network through in-store bank branches.
“We are grateful for the loyalty and confidence of our customers,” added Steinour. “Thanks to them and the dedication and commitment of our colleagues, we were able to score highly on the scorecard.”
For the complete scorecard click here http://www.bankdirector.com/index.php/magazine/archives/3rd-quarter-2012/going-for-gold-2012-bank-performance-scorecard/
Huntington Bancshares Incorporated is a $57 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 680 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,350 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers
Huntington Bancshares Incorporated
Todd Beekman, 614-480-3878
Maureen M. Brown, 614-480-5512
Source: Huntington Bancshares Incorporated
Released August 9, 2012