NEW YORK, July 17 (Reuters) - Huntington Bancshares Inc (HBAN.O: , , , ), a U.S. Midwest regional bank, on Thursday reported a every three months net in return but lowered its foretell for the breather of the year, on expectations of higher advance losses.
Second-quarter bring in receipts rose to $101.4 million from $80.5 million a year earlier. On a per-share basis, income strike down to 25 cents a apportionment from 34 cents.
For the wholly year, Huntington line cut its pay goal to a spread of $1.25 to $1.35 per garden share from a previous range of $1.45 to $1.50 a share, citing higher provisions for accommodation and rent losses.
"The saving remains hushed in our markets and this continues to put stress on borrowers," Huntington Chief Executive Thomas Hoaglin said in a statement. "We do not over the commercial setting will get essentially worse, but neither to we expect any near term relief." Huntington Bancshares, which have fallen 61 percent so far this year, were up 5.4 percent in original premarket trading.
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