On Friday, Huntington Bancshares Inc. disappointed investors and traders by posting a much-bigger-than-anticipated loss for the financial year's fourth quarter, as funds that had been reserved for loan write-downs managed to almost double as compared to the previous quarter.

For the aforementioned period, the bank posted a loss of $369.7 Million, or 56 cents per share, compared to last year's loss of $417.3 Million, or $1.20 a share, for the same quarter.

"Though there have been recent signs of stability in our markets, the economic outlook nevertheless remains uncertain and fragile", Chief Executive Stephen Steinour said.

On an average, the analysts polled by Thomson Reuters had predicted a loss of 27 cents.

Like many other regional banks hurt by the global financial meltdown, Huntington is trying to cope up with losses on consumer and commercial loans.

In Thursday's trading session, shares of the bank closed up 5.6% at $4.29.