In results reflecting some of the more severe ills plaguing the banking industry, Huntington Bancshares on Wednesday reported $52.5 million in fourth-quarter net earnings, down 16% from last year's profits for the same period.

Kemper Securities' Thomas Maier said the mortgage banking operation of the Columbus, Ohio-based company moved into a losing position in the middle of the year. At that time, many on Wall Street revised their earnings expectations downward.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.