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Mortgage Servicing Up at Huntington, Assets Off

Q1 originations down 18% from prior period

April 20, 2017

By Mortgage Daily staff



A quarter-over-quarter decline was recorded for mortgage originations and assets at Huntington Bancshares Inc. But the firm boosted the size of its servicing portfolio.

From Jan. 1, 2017, through March 31, income before income taxes at the bank-holding company was $267 million, down from an upwardly revised $313 million the previous quarter.

The results, in addition to other operational and financial metrics, were presented by the Columbus, Ohio-based financial institution in its first-quarter 2017 earnings report.


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