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GM Sees Profits Fall as Tariff Impact Hits

YOUNGSTOWN, Ohio – General Motors Co. reported second-quarter income of $2.4 billion, a 2.8% drop from a year ago, as the cost of steel and aluminum has risen, the company announced Wednesday morning. “Recent and significant increases in commodity costs and unfavorable foreign exchange impact of the Argentine peso and Brazilian real have negatively affected […]

YOUNGSTOWN, Ohio – General Motors Co. reported second-quarter income of $2.4 billion, a 2.8% drop from a year ago, as the cost of steel and aluminum has risen, the company announced Wednesday morning. “Recent and significant increases in commodity costs and unfavorable foreign exchange impact of the Argentine peso and...

Chemical Financial Reports 2Q Net Income of $68.98M

MIDLAND, Mich. – Chemical Financial Corp., parent of Chemical Bank, Tuesday reported second-quarter net income of $68.98 million, or 96 cents per diluted share. This compares to first-quarter net income of $71.59 million, or 99 cents per diluted share and 2017 second-quarter net income of $52.01 million, or 73 cents per diluted share. The board […]

MIDLAND, Mich. – Chemical Financial Corp., parent of Chemical Bank, Tuesday reported second-quarter net income of $68.98 million, or 96 cents per diluted share. This compares to first-quarter net income of $71.59 million, or 99 cents per diluted share and 2017 second-quarter net income of $52.01 million, or 73 cents...

Huntington Reports 2Q Net Income Increases to $355M

COLUMBUS, Ohio –Huntington Bancshares Inc., holding company of Huntington Bank, Wednesday reported second-quarter net income of $355 million, or 30 cents per common share. The second-quarter net income was a 31% increase from the year-ago quarter of $272 million, and the earnings per share were up 30% from the year-ago earnings of 23 cents. First-quarter […]

COLUMBUS, Ohio –Huntington Bancshares Inc., holding company of Huntington Bank, Wednesday reported second-quarter net income of $355 million, or 30 cents per common share. The second-quarter net income was a 31% increase from the year-ago quarter of $272 million, and the earnings per share were up 30% from the year-ago...

FNB Reports 2Q Net Income of $83.19M

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, today reported second-quarter net income available to common stockholders of $83.19 million, or 26 cents per diluted common share. This compares to the first-quarter net income of $84.75 million, or 26 cents per share, and the second-quarter net income of 2017 of $72.39 […]

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, today reported second-quarter net income available to common stockholders of $83.19 million, or 26 cents per diluted common share. This compares to the first-quarter net income of $84.75 million, or 26 cents per share, and the second-quarter net...

FNB Declares $18.13 Cash Dividend of Preferred Stock

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, announced Wednesday that its board of directors declared a quarterly cash dividend of $18.13 per preferred share on the corporation’s noncumulative perpetual preferred stock Series E. The dividend is payable Aug. 15 to shareholders of record July 31. F.N.B. has total assets of […]

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, announced Wednesday that its board of directors declared a quarterly cash dividend of $18.13 per preferred share on the corporation’s noncumulative perpetual preferred stock Series E. The dividend is payable Aug. 15 to shareholders of record July 31....

Farmers Reports Q2 Net Income Increases to $8.07M

CANFIELD, Ohio – Farmers National Banc Corp. Wednesday reported a second-quarter net income of $8.07 million, or 29 cents a share. This is 41% higher than the year-ago quarter of $5.71 million, or 21 cents a share, and an increase from $7.72 million, or 28 cents a share from the first-quarter. This quarter brings Farmers […]

CANFIELD, Ohio – Farmers National Banc Corp. Wednesday reported a second-quarter net income of $8.07 million, or 29 cents a share. This is 41% higher than the year-ago quarter of $5.71 million, or 21 cents a share, and an increase from $7.72 million, or 28 cents a share from the...

REIT Pays $39.7M for Lordstown Warehouse

YOUNGSTOWN, Ohio — In what was the largest real estate sale in the Mahoning, Trumbull and Columbiana counties in the past 13 months, an affiliate of Broadstone Net Lease paid $39.7 million June 19 for the cold storage facility here operated by Anderson-Dubose. Broadstone, a publicly reporting, privately offered real estate investment trust based in […]

YOUNGSTOWN, Ohio -- In what was the largest real estate sale in the Mahoning, Trumbull and Columbiana counties in the past 13 months, an affiliate of Broadstone Net Lease paid $39.7 million June 19 for the cold storage facility here operated by Anderson-Dubose. Broadstone, a publicly reporting, privately offered real...

UCFC Reports Record Q2 Net Income of $9.54M

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank and the James & Sons Insurance agency, Tuesday reported second-quarter net income of $9.54 million, or 19 cents per basic share. The $9.54 million, UCFC noted, is a record for second-quarter earnings. First-quarter net income was $8.56 million, or 17 cents per […]

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank and the James & Sons Insurance agency, Tuesday reported second-quarter net income of $9.54 million, or 19 cents per basic share. The $9.54 million, UCFC noted, is a record for second-quarter earnings. First-quarter net income was $8.56...

PNC Reports Q2 Net Income of $1.4B

PITTSBURGH — PNC Financial Services Group today reported second-quarter net income of $1.356 billion, or $2.72 per diluted common share. This compares to first-quarter net income of $1.239 billion, or $2.43 per diluted common share, and year-ago income of $1.097 billion, or $2.10 per diluted common share. In a prepared statement, PNC chairman, president and […]

PITTSBURGH — PNC Financial Services Group today reported second-quarter net income of $1.356 billion, or $2.72 per diluted common share. This compares to first-quarter net income of $1.239 billion, or $2.43 per diluted common share, and year-ago income of $1.097 billion, or $2.10 per diluted common share. In a prepared...

Valley Car Sales Slip 12.2% in June

YOUNGSTOWN, Ohio – Car sales in the Mahoning Valley were down 12.2% last month as 4,611 new and used vehicles were sold, according to the monthly sales data from the Greater Cleveland Automobile Dealers Association. According to the association, 2,632 new cars were sold in Mahoning, Trumbull and Columbiana counties in June, 342 fewer than […]

YOUNGSTOWN, Ohio – Car sales in the Mahoning Valley were down 12.2% last month as 4,611 new and used vehicles were sold, according to the monthly sales data from the Greater Cleveland Automobile Dealers Association. According to the association, 2,632 new cars were sold in Mahoning, Trumbull and Columbiana counties...