Annual mortgage and home-equity originations increased at Huntington Bancshares Inc., as did residential assets and servicing. Mortgage income and delinquency, though, deteriorated.
Income before income taxes was $412 million during the period from Oct. 1, 2017, through year-end, according to Huntington’s fourth-quarter earnings report.
Income at the Columbus, Ohio-based bank-holding company improved from an upwardly revised $313 million a year prior and $365 million the prior quarter.
Source: Mortgage Daily