Huntington National Bank 2014 Annual Report Download - page 86
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80
The decrease in noninterest expense from the year-ago period reflected:
x $2.7 million, or 4%, decrease in other noninterest expense, primarily due to a decrease in allocated expenses.
x $1.5 million, or 41%, decrease in deposit and other insurance expense.
Partially offset by:
x $2.5 million, or 66%, increase in professional services expense, primarily due to increased consulting fees.
2013 vs. 2012
RBHPCG reported net income of $39.5 million in 2013, compared with a net income of $16.9 million in 2012. The $22.6 million
increase included a $17.0 million, or 7%, decrease in noninterest expense, a $11.4 million, improvement in provision (reduction in
allowance) for credit losses, a $4.8 million, or 3%, increase in noninterest income, and a $1.5 million, or 1%, increase in net interest
income. This was partially offset by a $12.2 million, or 133% increase in provision for income taxes.