Huntington Bancshares Inc., the corporate parent of Huntington Banks, reported record third-quarter 2012 net income of $167.8 million, up 17 percent from the same period a year ago.
The company also announced it will pay 4 cents a share cash dividend on its common stock on Jan. 2 to shareholders of record on Dec. 18.
Stephen Steinhour, Huntington's chairman, president and chief executive officer, said, "We are pleased with the quarter's financial results which reflect steady growth in a number of key strategic areas including loans, deposits and customer relationships."
Andrew Paterno, who was named president of the bank's West Virginia franchise in May, said that overall, Huntington has added about 250,000 consumer checking accounts since 2010, a 27 percent increase.
Even though Huntington doesn't break out state or regional results, "I can tell you we're seeing growth in all of our units," he said. "That's pretty nice to see since I'm relatively new."
Paterno said Huntington continues to increase the number of cross sales -- customers who have multiple accounts with the company. "We've increased our households with four-plus products to 76 percent and we're seeing those kind of numbers in West Virginia," he said. "About 33 percent of our commercial customers have four-plus products and, again, we're seeing that in West Virginia.
"We're very bullish in the long term on our market," Paterno said. "I love West Virginia and the potential we have. We are developing banking resources internally to serve the energy businesses -- oil, gas and coal. Gasoline prices are going up a little, which helps coal and (natural) gas. Our state is driven a lot by energy. I think we have a wonderful future ahead of us."
Paterno said that since joining the company he has visited all of Huntington's 27 West Virginia branches. "I'm impressed with the people we have, the dedication of the people who work in those branches," he said. "We have a great staff. They want to do the right thing for the customer. I feel good about where our locations are. There's not a market we can't grow in."Huntington Bancshares is headquartered in Columbus, Ohio. The company has $56 billion in assets and has a total more than 690 offices in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky. Huntington is the fifth-largest bank in West Virginia, in terms of deposit market share, behind BB&T Corp., United Bank, WesBanco and City, and ahead of JPMorgan Chase.