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Huntington Bancshares reports 2023 fourth-quarter earnings

Huntington Bancshares Inc. recently reported net income for the fourth quarter of 2023 of $243 million, or 15 cents per common share, a decrease of $402 million, or 27 cents, from the year-ago quarter. Adjusted earnings per common share were 27 cents, excluding 12 cents per common share of after-tax Notable Items, in the 2023 fourth quarter compared to 43 cents, excluding 1 cent of after-tax Notable Items, in the year-ago quarter. Return on average assets was 0.51%, return on average common equity was 5.2%, and return on average tangible common equity (ROTCE) was 8.4%. “We ...

United Bank experiences increased loan demand

United Bankshares Inc. reported earnings for the fourth quarter of 2023 of $79.4 million, or 59 cents per share. Fourth quarter of 2023 results produced annualized returns on average assets, average equity and average tangible equity of 1.08%, 6.70% and 11.27%, respectively. Earnings for the year of 2023 were $366.3 million, or $2.71 per share, and returns on average assets, average equity and average tangible equity were 1.25%, 7.87% and 13.33%, respectively, for the year of 2023. Average net loans increased $313.9 million, or 6% on an annualized basis, from the third quarter of ...

Senate bills treat on trees, carbon, silver and gold

MORGANTOWN – Carbon, trees and gold occupied the attention of Senate committees on Monday. SB 618 would create a state Carbon Exchange Program administered by the Division of Forestry. It would give oversight of the sale and purchase of carbon credits generated by timber harvest ...