Residential mortgage origination volume and servicing grew at Huntington Bancshares Inc., while the company also yielded higher quarter-over-quarter mortgage earnings.
Home-loan originations amounted to $1.454 billion from April 1 through June 30, according to second-quarter earnings data.
The latest mortgage production out-shined the $0.980 billion originated during the first quarter.
Second-quarter loan fundings were $0.472 billion more than in the same quarter last year.
In the first half of 2015, Huntington originated $2.434 billion in mortgages.
The third-party mortgage servicing portfolio grew to $15.722 billion as of the end of last month. At the end of March, third-party servicing in this category was at $15.569 billion, and the portfolio was at $15.560 billion at the same point last year.
Huntington claimed $14.513 billion in residential assets — up from both the $14.287 billion listed three months earlier and the $14.112 billion reported a year earlier.
The most-recent balance included $5.987 billion in mortgages and $8.526 billion in home-equity loans.
Commercial real estate loan assets at $5.213 billion also were on the balance sheet. The CRE investment portfolio was up from $5.067 billion as of March 31 and bigger than the $4.990 billion balance as of June 30, 2014.
CRE assets as of June 30, 2015, included $4.192 billion in commercial mortgages and $1.021 billion in construction loans.
Mortgage banking income jumped to $39 million from $23 million in the prior period and in the second-quarter 2014.
Company-wide, the Columbus, Ohio-based lender earned a little over $260 million prior to income taxes. Recent income surged $40 million ahead of first-quarter earnings and $38 million over income reported in the year-earlier period.
“We received an immediate benefit to our earnings from Huntington Technology Finance, while robust mortgage lending volume drove growth in mortgage banking income,” said Huntington Bancorp Chief Executive Officer Steve Steinour in a written statement.
The second-quarter ended with 12,274 full-time equivalent employees on the payroll, more than the 11,914 team members documented at the close of the first quarter. Headcount also increased from 12,000 as of the same date in 2014.
As of June 30, the number of branches was at 735 — a two-branch increase over the March-ended count.
