HUNTINGTON BANCSHARES INC /MD/ - FORM 8-K - EX-99.3

Attached files

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8-K - 8-K - HUNTINGTON BANCSHARES INC /MD/	d335899d8k.htm
EX-99.1 - EX-99.1 - HUNTINGTON BANCSHARES INC /MD/	d335899dex991.htm
EX-99.2 - EX-99.2 - HUNTINGTON BANCSHARES INC /MD/	d335899dex992.htm

Exhibit 99.3

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Review

March 2012

Table of Contents



Quarterly Key Statistics			1

Key Statistics Footnotes			2

Consolidated Balance Sheets			3

Loans and Leases Composition			4

Deposits Composition			5

Consolidated Quarterly Average Balance Sheets			6

Consolidated Quarterly Net Interest Margin Analysis			7 - 8

Selected Quarterly Income Statement Data			9 - 10

Quarterly Mortgage Banking Income			11

Quarterly Credit Reserves Analysis			12

Quarterly Net Charge-Off Analysis			13

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			14

Quarterly Accruing Past Due Loans and Leases and Accruing Troubled Debt Restructured Loans			15

Quarterly Common Stock Summary, Capital, and Other Data			16

Notes:

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Non-Regulatory Capital Ratios

In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:

•

Tangible common equity to tangible assets,

•

Tier 1 common equity to risk-weighted assets using Basel I definition, and

•

Tangible common equity to risk-weighted assets using Basel I definition.

These non-regulatory capital ratios are viewed by management as useful additional methods of reflecting the level of capital available to withstand unexpected market conditions. Additionally, presentation of these ratios allows readers to compare the Company’s capitalization to other financial services companies. These ratios differ from capital ratios defined by banking regulators principally in that the numerator excludes preferred securities, the nature and extent of which varies among different financial services companies. These ratios are not defined in Generally Accepted Accounting Principles (“GAAP”) or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.

Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in this press release in their entirety, and not to rely on any single financial measure.

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Key Statistics⁽¹⁾

(Unaudited)


	2012			2011						Percent Changes vs.
(dollar amounts in thousands, except per share amounts)	First			Fourth			First			4Q11			1Q11
Net interest income	$	417,209		$	415,025		$	404,330			1	%		3	%
Provision for credit losses		34,406			45,291			49,385			(24	)		(30	)
Noninterest income		285,320			229,352			236,945			24			20
Noninterest expense		462,676			430,274			430,699			8			7

Income before income taxes		205,447			168,812			161,191			22			27
Provision for income taxes		52,177			41,954			34,745			24			50

Net income	$	153,270		$	126,858		$	126,446			21	%		21	%

Dividends on preferred shares		8,049			7,703			7,703			4			4

Net income applicable to common shares	$	145,221		$	119,155		$	118,743			22	%		22	%


Net income per common share—diluted	$	0.17		$	0.14		$	0.14			21	%		21	%
Cash dividends declared per common share		0.04			0.04			0.01			—			300
Book value per common share at end of period		5.97			5.82			5.42			3			10
Tangible book value per common share at end of period		5.33			5.18			4.74			3			12

Average common shares—basic		864,499			864,136			863,359			—			—
Average common shares—diluted		869,164			868,156			867,237			—			—

Return on average assets		1.13	%		0.92	%		0.96	%
Return on average common shareholders’ equity		11.4			9.3			10.3
Return on average tangible common shareholders’ equity⁽²⁾		13.5			11.2			12.7
Net interest margin⁽³⁾		3.40			3.38			3.42
Efficiency ratio⁽⁴⁾		63.8			64.0			64.7
Effective tax rate		25.4			24.9			21.6

Average loans and leases	$	39,144,688		$	39,519,184		$	38,097,210			(1	)		3
Average loans and leases—linked quarter annualized growth rate		(3.8	)%		2.3	%		3.1	%
Average earning assets	$	49,766,526		$	49,146,561		$	48,344,961			1			3
Average total assets		54,656,001			54,650,287			53,368,554			—			2
Average core deposits⁽⁵⁾		41,387,049			41,354,956			39,274,265			—			5
Average core deposits—linked quarter annualized growth rate		0.3	%		14.0	%		3.3	%
Average shareholders’ equity	$	5,492,228		$	5,445,064		$	5,022,146			1			9

Total assets at end of period		55,876,654			54,450,652			52,948,509			3			6
Total shareholders’ equity at end of period		5,549,828			5,418,100			5,038,599			2			10

Net charge-offs (NCOs)		82,992			83,917			165,083			(1	)		(50	)
NCOs as a % of average loans and leases		0.85	%		0.85	%		1.73	%
Nonaccrual loans and leases (NALs)⁽⁶⁾	$	467,558		$	541,080		$	636,257			(14	)		(27	)
NAL ratio⁽⁶⁾		1.15	%		1.39	%		1.66	%
Nonperforming assets (NPAs)^(‘7)	$	527,077		$	590,276		$	690,886			(11	)		(24	)
NPA ratio^(‘7)		1.29	%		1.51	%		1.80	%
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period		2.24			2.48			2.96
ALLL plus allowance for unfunded loan commitments and letters of credit (ACL) as a % of total loans and leases at the end of period		2.37			2.60			3.07
ACL as a % of NALs		206			187			185
ACL as a % of NPAs		183			172			170
Tier 1 leverage ratio ⁽⁸⁾		10.55			10.28			9.80
Tier 1 common risk-based capital ratio⁽⁸⁾		10.15			10.00			9.75
Tier 1 risk-based capital ratio ⁽⁸⁾		12.22			12.11			12.04
Total risk-based capital ratio ⁽⁸⁾		14.76			14.77			14.85
Tangible common equity / risk-weighted assets ratio⁽⁸⁾		9.86			9.75			9.51
Tangible equity / tangible assets ratio⁽⁹⁾		9.03			9.02			8.51
Tangible common equity / tangible assets ratio⁽¹⁰⁾		8.33			8.30			7.81

See Notes to the Quarterly Key Statistics.

Notes to the Quarterly Key Statistics

⁽¹⁾	Comparisons for all presented periods are impacted by a number of factors. Refer to Significant Items.

⁽²⁾

Net income excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽³⁾	On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾	Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

⁽⁵⁾	Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.

⁽⁶⁾	All loans acquired as part of the FDIC-assisted Fidelity Bank acquisition accrue interest as performing loans or as purchased impaired loans under ASC 310-30, therefore none of the acquired loans were reported as nonaccrual as of March 31, 2012.

⁽⁷⁾	NPAs include $7,986 thousand of residential real estate owned acquired as part of the FDIC-assisted Fidelity Bank acquisition.

⁽⁸⁾	March 31, 2012, figures are estimated.

⁽⁹⁾	Tangible equity (total equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽¹⁰⁾	Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

Huntington Bancshares Incorporated

Consolidated Balance Sheets


										Change
	2012			2011						March ‘12 vs ‘11
(dollar amounts in thousands, except number of shares)	March 31,			December 31,			March 31,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	1,111,165		$	1,115,968		$	1,208,820		$	(97,655	)		(8	)%
Federal funds sold and securities purchased under resale agreements		52			—			—			52			—
Interest-bearing deposits in banks		151,973			90,943			129,999			21,974			17
Trading account securities		59,663			45,899			164,489			(104,826	)		(64	)
Loans held for sale		310,383			1,618,391			164,282			100			(100	)
Available-for-sale and other securities		8,909,733			8,078,014			9,322,434			(412,701	)		(4	)
Held-to-maturity securities		621,798			640,551			—			621,798			—
Loans and leases⁽¹⁾		40,678,542			38,923,783			38,245,836			2,432,706			6
Allowance for loan and lease losses		(913,069	)		(964,828	)		(1,133,226	)		220,157			(19	)

Net loans and leases		39,765,473			37,958,955			37,112,610			2,652,863			7

Bank owned life insurance		1,562,449			1,549,783			1,513,892			48,557			3
Premises and equipment		577,538			564,429			500,736			76,802			15
Goodwill		444,268			444,268			444,268			—			—
Other intangible assets		171,135			175,302			215,251			(44,116	)		(20	)
Accrued income and other assets		2,191,024			2,168,149			2,171,728			19,296			1

Total assets	$	55,876,654		$	54,450,652		$	52,948,509		$	2,928,145			6	%

Liabilities and shareholders’ equity
Liabilities
Deposits⁽²⁾	$	45,008,964		$	43,279,625		$	41,366,487		$	3,642,477			9	%
Short-term borrowings		1,504,086			1,441,092			2,051,258			(547,172	)		(27	)
Federal Home Loan Bank advances		56,938			362,972			21,379			35,559			166
Other long-term debt		1,058,167			1,231,517			1,900,555			(842,388	)		(44	)
Subordinated notes		1,494,263			1,503,368			1,487,566			6,697			—
Accrued expenses and other liabilities		1,204,408			1,213,978			1,082,665			121,743			11

Total liabilities		50,326,826			49,032,552			47,909,910			2,416,916			5


Shareholder’s equity

Preferred stock—authorized 6,617,808 shares-

Series A, 8.50% fixed rate, non-cumulative perpetual convertible preferred stock, par value of $0.01, and liquidation value per share of $1,000		362,507			362,507			362,507			—			—

Series B, floating rate, non-voting, non-cumulative perpetual preferred stock, par value of $0.01, and liquidation value per share of $1,000		23,785			23,785			—

Common stock—Par value of $0.01		8,659			8,656			8,643			16			—
Capital surplus		7,602,064			7,596,809			7,584,367			17,697			—
Less treasury shares, at cost		(10,234	)		(10,255	)		(8,647	)		(1,587	)		18
Accumulated other comprehensive loss		(157,816	)		(173,763	)		(203,921	)
Retained earnings		(2,279,137	)		(2,389,639	)		(2,704,350	)		425,213			(16	)


Total shareholders’ equity		5,549,828			5,418,100			5,038,599			511,229			10

Total liabilities and shareholders’ equity	$	55,876,654		$	54,450,652		$	52,948,509		$	2,928,145			6	%

Common shares authorized (par value of $0.01)		1,500,000,000			1,500,000,000			1,500,000,000
Common shares issued		865,873,499			865,584,517			864,279,984
Common shares outstanding		864,674,530			864,406,152			863,398,578
Treasury shares outstanding		1,198,969			1,178,365			881,406
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		398,007			398,007			362,507

⁽¹⁾	See page 4 for detail of loans and leases.

⁽²⁾	See page 5 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

		$39,145 0	$39,145 0			$39,145 0	$39,145 0			$39,145 0	$39,145 0			$39,145 0	$39,145 0			$39,145 0	$39,145 0
	2012				2011
(dollar amounts in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	(Unaudited)								(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type:
Commercial:⁽¹⁾
Commercial and industrial	$	15,838	39	%	$	14,699	38	%	$	13,939	36	%	$	13,544	35	%	$	13,299	35	%
Commercial real estate:
Construction		597	1			580	1			520	1			591	2			587	2
Commercial		5,443	13			5,246	13			5,414	14			5,573	14			5,711	15

Commercial real estate		6,040	14			5,826	14			5,934	15			6,164	16			6,298	17

Total commercial		21,878	53			20,525	52			19,873	51			19,708	51			19,597	52

Consumer:
Automobile		4,787	12			4,458	11			5,558	14			6,190	16			5,802	15
Home equity		8,261	20			8,215	21			8,079	21			7,952	20			7,784	20
Residential mortgage		5,284	13			5,228	13			4,986	13			4,751	12			4,517	12
Other consumer		469	2			498	3			516	1			525	1			546	1

Total consumer		18,801	47			18,399	48			19,139	49			19,418	49			18,649	48

Total loans and leases	$	40,679	100	%	$	38,924	100	%	$	39,012	100	%	$	39,126	100	%	$	38,246	100	%


Ending Balances by Business Segment:
Retail and Business Banking	$	12,432	31	%	$	12,361	32	%	$	12,183	31	%	$	12,019	31	%	$	11,786	31	%
Regional and Commercial Banking		9,936	24			9,134	23			8,723	22			8,291	21			7,917	21
AFCRE		11,698	29			11,375	29			12,318	32			13,273	34			13,154	34
WGH		5,968	14			5,952	16			5,713	15			5,493	14			5,255	14
Treasury / Other		645	2			102	—			75	—			50	—			134	—

Total loans and leases	$	40,679	100	%	$	38,924	100	%	$	39,012	100	%	$	39,126	100	%	$	38,246	100	%


	2012				2011
	First				Fourth				Third				Second				First
Average Balances by Business Segment:
Retail and Business Banking	$	12,420	32	%	$	12,302	31	%	$	12,126	31	%	$	11,948	31	%	$	11,780	31	%
Regional and Commercial Banking		9,250	24			8,902	23			8,495	22			8,069	21			7,824	21
AFCRE		11,468	29			12,496	32			13,101	33			13,145	34			13,208	35
WGH		5,920	15			5,731	14			5,522	14			5,297	14			5,192	13
Treasury / Other		87	—			87	—			53	—			76	—			94	—

Total loans and leases	$	39,145	100	%	$	39,518	100	%	$	39,297	100	%	$	38,535	100	%	$	38,098	100	%

⁽¹⁾	There were no commercial loans outstanding that would be considered a concentration of lending to a particular industry.

Huntington Bancshares Incorporated

Deposits Composition


	2012				2011
(dollar amounts in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	(Unaudited)								(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type:
Demand deposits—noninterest-bearing	$	11,797	26	%	$	11,158	26	%	$	9,502	22	%	$	8,210	20	%	$	7,597	18	%
Demand deposits—interest-bearing		6,126	14			5,722	13			5,763	13			5,642	14			5,532	13
Money market deposits		13,169	29			13,117	30			13,759	32			12,643	31			13,105	32
Savings and other domestic deposits		4,954	11			4,698	11			4,711	11			4,752	11			4,762	12
Core certificates of deposit		6,920	15			6,513	15			7,084	16			7,936	19			8,208	20

Total core deposits		42,966	95			41,208	95			40,819	94			39,183	95			39,204	95
Other domestic deposits of $250,000 or more		325	1			390	1			421	1			436	1			531	1
Brokered deposits and negotiable CDs		1,276	3			1,321	3			1,535	4			1,486	4			1,253	3
Deposits in foreign offices		442	1			361	1			445	1			297	—			378	1

Total deposits	$	45,009	100	%	$	43,280	100	%	$	43,220	100	%	$	41,402	100	%	$	41,366	100	%

Total core deposits:
Commercial	$	17,101	40	%	$	16,366	40	%	$	15,526	38	%	$	13,541	35	%	$	12,785	33	%
Consumer		25,865	60			24,842	60			25,293	62			25,642	65			26,419	67

Total core deposits	$	42,966	100	%	$	41,208	100	%	$	40,819	100	%	$	39,183	100	%	$	39,204	100	%

Ending Balances by Business Segment:
Retail and Business Banking	$	27,935	62	%	$	27,536	64	%	$	28,095	65	%	$	28,325	68	%	$	28,984	70	%
Regional and Commercial Banking		4,748	11			4,683	11			4,173	10			3,539	9			3,589	9
AFCRE		914	2			881	2			817	2			819	2			804	2
WGH		9,632	21			9,115	21			9,013	21			7,708	19			7,363	17
Treasury / Other⁽¹⁾		1,780	4			1,065	2			1,122	2			1,011	2			626	2

Total deposits	$	45,009	100	%	$	43,280	100	%	$	43,220	100	%	$	41,402	100	%	$	41,366	100	%


	2012				2011
	First				Fourth				Third				Second				First
Average Balances by Business Segment:
Retail and Business Banking	$	27,452	63	%	$	27,835	64	%	$	28,290	67	%	$	28,780	70	%	$	29,139	70	%
Regional and Commercial Banking		4,680	11			4,467	10			3,902	9			3,484	8			3,666	9
AFCRE		811	2			802	2			796	2			784	2			763	2
WGH		9,450	22			9,406	21			8,243	20			7,467	18			7,394	17
Treasury / Other⁽¹⁾		1,072	2			1,093	3			1,047	2			739	2			702	2

Total deposits	$	43,465	100	%	$	43,603	100	%	$	42,278	100	%	$	41,254	100	%	$	41,664	100	%

⁽¹⁾	Comprised primarily of national market deposits.

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Average Balances															Change
	2012			2011												1Q12 vs 1Q11
(dollar amounts in millions)	First			Fourth			Third			Second			First			Amount			Percent
Assets
Interest-bearing deposits in banks	$	100		$	107		$	164		$	131		$	130		$	(30	)		(23	)%
Trading account securities		50			81			92			112			144			(94	)		(65	)
Federal funds sold and securities purchased under resale agreements		—			—			—			21			—			—			—
Loans held for sale		1,265			316			237			181			420			845			201
Available-for-sale and other securities:
Taxable		8,171			8,065			7,902			8,428			9,108			(937	)		(10	)
Tax-exempt		404			409			421			436			445			(41	)		(9	)

Total available-for-sale and other securities		8,575			8,474			8,323			8,864			9,553			(978	)		(10	)
Held-to-maturity securities—taxable		632			650			665			174			—			632			—
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		14,824			14,219			13,664			13,370			13,121			1,703			13
Commercial real estate:
Construction		598			533			670			554			611			(13	)		(2	)
Commercial		5,254			5,425			5,441			5,679			5,913			(659	)		(11	)

Commercial real estate		5,852			5,958			6,111			6,233			6,524			(672	)		(10	)

Total commercial		20,676			20,177			19,775			19,603			19,645			1,031			5

Consumer:
Automobile		4,576			5,639			6,211			5,954			5,701			(1,125	)		(20	)
Home equity		8,234			8,149			8,002			7,874			7,728			506			7
Residential mortgage		5,174			5,043			4,788			4,566			4,465			709			16
Other consumer		485			511			521			538			559			(74	)		(13	)

Total consumer		18,469			19,342			19,522			18,932			18,453			16			—

Total loans and leases		39,145			39,519			39,297			38,535			38,098			1,047			3
Allowance for loan and lease losses		(961	)		(1,014	)		(1,066	)		(1,128	)		(1,231	)		270			(22	)

Net loans and leases		38,184			38,505			38,231			37,407			36,867			1,317			4

Total earning assets		49,767			49,147			48,778			48,018			48,345			1,422			3

Cash and due from banks		1,012			1,671			1,700			1,068			1,299			(287	)		(22	)
Intangible assets		613			625			639			652			665			(52	)		(8	)
All other assets		4,225			4,221			4,142			4,160			4,291			(66	)		(2	)

Total assets	$	54,656		$	54,650		$	54,193		$	52,770		$	53,369		$	1,287			2	%

Liabilities and shareholders’ equity
Deposits:
Demand deposits—noninterest-bearing	$	11,273		$	10,716		$	8,719		$	7,806		$	7,333		$	3,940			54	%
Demand deposits—interest-bearing		5,646			5,570			5,573			5,565			5,357			289			5
Money market deposits		13,141			13,594			13,321			12,879			13,492			(351	)		(3	)
Savings and other domestic deposits		4,817			4,706			4,752			4,778			4,701			116			2
Core certificates of deposit		6,510			6,769			7,592			8,079			8,391			(1,881	)		(22	)

Total core deposits		41,387			41,355			39,957			39,107			39,274			2,113			5
Other domestic deposits of $250,000 or more		347			405			387			467			606			(259	)		(43	)
Brokered deposits and negotiable CDs		1,301			1,410			1,533			1,333			1,410			(109	)		(8	)
Deposits in foreign offices		430			434			401			347			374			56			15

Total deposits		43,465			43,604			42,278			41,254			41,664			1,801			4
Short-term borrowings		1,512			1,728			2,251			2,112			2,134			(622	)		(29	)
Federal Home Loan Bank advances		419			29			285			97			30			389			1,297
Subordinated notes and other long-term debt		2,652			2,866			3,030			3,249			3,525			(873	)		(25	)

Total interest-bearing liabilities		36,775			37,511			39,125			38,906			40,020			(3,245	)		(8	)

All other liabilities		1,116			978			1,017			913			994			122			12
Shareholders’ equity		5,492			5,445			5,332			5,145			5,022			470			9

Total liabilities and shareholders’ equity	$	54,656		$	54,650		$	54,193		$	52,770		$	53,369		$	1,287			2	%

⁽¹⁾	Includes nonaccrual loans.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin—Interest Income / Expense (1)

(Unaudited)


	Interest Income / Expense
	2012		2011
(dollar amounts in thousands)	First		Fourth		Third		Second		First
Assets
Interest-bearing deposits in banks	$	12	$	15	$	17	$	73	$	37
Trading account securities		207		197		325		447		494
Federal funds sold and securities purchased under resale agreements		—		—		—		5		—
Loans held for sale		12,005		3,124		2,643		2,247		4,284
Available-for-sale and other securities:
Taxable		48,824		47,784		47,946		54,603		57,652
Tax-exempt		4,209		4,313		4,392		4,385		5,237

Total available-for-sale and other securities		53,033		52,097		52,338		58,988		62,889
Held-to-maturity securities—taxable		4,714		4,867		5,059		1,287		—
Loans and leases:
Commercial:
Commercial and industrial		150,397		145,825		144,151		145,675		149,964
Commercial real estate:
Construction		5,831		6,513		6,620		4,718		5,138
Commercial		50,750		54,220		54,429		55,947		58,096

Commercial real estate		56,581		60,733		61,049		60,665		63,234

Total commercial		206,978		206,558		205,200		206,340		213,198

Consumer:
Automobile		55,435		68,283		76,488		75,110		73,330
Home equity		88,582		89,876		89,112		88,358		87,659
Residential mortgage		53,914		54,263		53,521		52,700		53,127
Other consumer		8,992		9,416		9,951		10,416		10,804

Total consumer		206,923		221,838		229,072		226,584		224,920

Total loans and leases		413,901		428,396		434,272		432,924		438,118

Total earning assets	$	483,872	$	488,696	$	494,654	$	495,971	$	505,822

Liabilities
Deposits:
Demand deposits—noninterest-bearing	$	—	$	—	$	—	$	—	$	—
Demand deposits—interest-bearing		845		1,182		1,458		1,240		1,217
Money market deposits		8,343		10,994		13,845		12,807		16,699
Savings and other domestic deposits		5,345		6,213		8,231		8,870		9,410
Core certificates of deposit		25,919		28,851		37,323		41,041		42,815

Total core deposits		40,452		47,240		60,857		63,958		70,141
Other domestic deposits of $250,000 or more		583		794		907		1,171		1,620
Brokered deposits and negotiable CDs		2,547		2,727		2,963		2,948		3,850
Deposits in foreign offices		197		206		258		227		185

Total deposits		43,779		50,967		64,985		68,304		75,796
Short-term borrowings		583		764		931		856		949
Federal Home Loan Bank advances		222		156		233		215		220
Subordinated notes and other long-term debt		18,144		18,305		18,369		19,425		20,582

Total interest bearing liabilities		62,728		70,192		84,518		88,800		97,547

Net interest income	$	421,144	$	418,504	$	410,136	$	407,171	$	408,275

⁽¹⁾	Fully-taxable equivalent (FTE) income and expense calculated assuming a 35% tax rate. See page 9 for the FTE adjustment.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin Analysis

(Unaudited)


	Average Rates (2)
	2012			2011
Fully-taxable equivalent basis⁽¹⁾	First			Fourth			Third			Second			First
Assets
Interest-bearing deposits in banks		0.05	%		0.06	%		0.04	%		0.22	%		0.11	%
Trading account securities		1.65			0.97			1.41			1.59			1.37
Federal funds sold and securities purchased under resale agreements		—			—			—			0.09			—
Loans held for sale		3.80			3.96			4.46			4.97			4.08
Available-for-sale and other securities:
Taxable		2.39			2.37			2.43			2.59			2.53
Tax-exempt		4.17			4.22			4.17			4.02			4.70

Total available-for-sale and other securities		2.47			2.46			2.52			2.66			2.63
Held-to-maturity securities—taxable		2.98			2.99			3.04			2.96			—
Loans and leases:⁽²⁾⁽³⁾
Commercial:
Commercial and industrial		4.01			4.01			4.13			4.31			4.57
Commercial real estate:
Construction		3.85			4.78			3.87			3.37			3.36
Commercial		3.82			3.91			3.91			3.90			3.93

Commercial real estate		3.82			3.99			3.91			3.84			3.88

Total commercial		3.96			4.01			4.06			4.16			4.34

Consumer:
Automobile		4.87			4.80			4.89			5.06			5.22
Home equity		4.30			4.41			4.45			4.49			4.54
Residential mortgage		4.17			4.30			4.47			4.62			4.76
Other consumer		7.47			7.32			7.57			7.76			7.85

Total consumer		4.49			4.57			4.68			4.79			4.90

Total loans and leases		4.21			4.28			4.37			4.47			4.61

Total earning assets		3.91	%		3.95	%		4.02	%		4.14	%		4.24	%

Liabilities
Deposits:
Demand deposits—noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits—interest-bearing		0.06			0.08			0.10			0.09			0.09
Money market deposits		0.26			0.32			0.41			0.40			0.50
Savings and other domestic deposits		0.45			0.52			0.69			0.74			0.81
Core certificates of deposit		1.60			1.69			1.95			2.04			2.07

Total core deposits		0.54			0.61			0.77			0.82			0.89
Other domestic deposits of $250,000 or more		0.68			0.78			0.93			1.01			1.08
Brokered deposits and negotiable CDs		0.79			0.77			0.77			0.89			1.11
Deposits in foreign offices		0.18			0.19			0.26			0.26			0.20

Total deposits		0.55			0.61			0.77			0.82			0.90
Short-term borrowings		0.16			0.18			0.16			0.16			0.18
Federal Home Loan Bank advances		0.21			2.09			0.32			0.88			2.98
Subordinated notes and other long-term debt		2.74			2.56			2.43			2.39			2.34

Total interest-bearing liabilities		0.68			0.74			0.86			0.91			0.99

Net interest rate spread		3.15			3.15			3.11			3.19			3.21
Impact of noninterest-bearing funds on margin		0.25			0.23			0.22			0.21			0.22

Net interest margin		3.40	%		3.38	%		3.34	%		3.40	%		3.42	%


Commercial Loan Derivative Impact
(Unaudited)
	Average Rates (2)
	2012			2011
Fully-taxable equivalent basis⁽¹⁾	First			Fourth			Third			Second			First
Commercial loans⁽²⁾⁽³⁾		3.69	%		3.79	%		3.79	%		3.83	%		3.84	%
Impact of commercial loan derivatives		0.27			0.22			0.27			0.34			0.50

Total commercial—as reported		3.96	%		4.01	%		4.06	%		4.16	%		4.34	%

Average 30 day LIBOR		0.26	%		0.26	%		0.21	%		0.20	%		0.26	%

⁽¹⁾	Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 9 for the FTE adjustment.

⁽²⁾	Loan, lease, and deposit average rates include impact of applicable derivatives, non-deferrable fees, and amortized fees.

⁽³⁾	Includes the impact of nonaccrual loans.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data⁽¹⁾

(Unaudited)

		$00000000			$00000000			$00000000			$00000000			$00000000			$00000000			$00000000
	2012			2011												1Q12 vs 1Q11
(dollar amounts in thousands, except per share amounts)	First			Fourth			Third			Second			First			Amount			Percent
Interest income	$	479,937		$	485,216		$	490,996		$	492,137		$	501,877		$	(26,654	)		(5	)%
Interest expense		62,728			70,191			84,518			88,800			97,547			(34,819	)		(36	)

Net interest income		417,209			415,025			406,478			403,337			404,330			12,879			3
Provision for credit losses		34,406			45,291			43,586			35,797			49,385			(14,979	)		(30	)

Net interest income after provision for credit losses		382,803			369,734			362,892			367,540			354,945			27,858			8

Service charges on deposit accounts		60,292			63,324			65,184			60,675			54,324			5,968			11
Trust services		30,906			28,775			29,473			30,392			30,742			164			1
Electronic banking		18,630			18,282			32,901			31,728			28,786			(10,156	)		(35	)
Mortgage banking income		46,418			24,098			12,791			23,835			22,684			23,734			105
Brokerage income		19,260			18,688			20,349			20,819			20,511			(1,251	)		(6	)
Insurance income		18,875			17,906			17,220			16,399			17,945			930			5
Bank owned life insurance income		13,937			14,271			15,644			17,602			14,819			(882	)		(6	)
Capital markets fees		9,982			9,811			11,256			8,537			6,936			3,046			44
Gain on sale of loans		26,770			2,884			19,097			2,756			7,207			19,563			271
Automobile operating lease income		3,775			4,727			5,890			7,307			8,847			(5,072	)		(57	)
Securities gains (losses)		(613	)		(3,878	)		(1,350	)		1,507			40			(653	)		(1,633	)
Other income		37,088			30,464			30,104			34,210			24,104			12,984			54

Total noninterest income		285,320			229,352			258,559			255,767			236,945			48,375			20

Personnel costs		243,498			228,101			226,835			218,570			219,028			24,470			11
Outside data processing and other services		42,058			53,422			49,602			43,889			40,282			1,776			4
Net occupancy		29,079			26,841			26,967			26,885			28,436			643			2
Equipment		25,545			25,884			22,262			21,921			22,477			3,068			14
Deposit and other insurance expense		20,738			18,481			17,492			23,823			17,896			2,842			16
Marketing		16,776			16,379			22,251			20,102			16,895			(119	)		(1	)
Professional services		11,230			16,769			20,281			20,080			13,465			(2,235	)		(17	)
Amortization of intangibles		11,531			13,175			13,387			13,386			13,370			(1,839	)		(14	)
Automobile operating lease expense		2,854			3,362			4,386			5,434			6,836			(3,982	)		(58	)
OREO and foreclosure expense		4,950			5,009			4,668			4,398			3,931			1,019			26
Gain on early extinguishment of debt		—			(9,697	)		—			—			—			—			—
Other expense		54,417			32,548			30,987			29,921			48,083			6,334			13

Total noninterest expense		462,676			430,274			439,118			428,409			430,699			31,977			7

Income before income taxes		205,447			168,812			182,333			194,898			161,191			44,256			27
Provision for income taxes		52,177			41,954			38,942			48,980			34,745			17,432			50

Net income	$	153,270		$	126,858		$	143,391		$	145,918		$	126,446		$	26,824			21	%

Dividends on preferred shares		8,049			7,703			7,703			7,704			7,703			346			4

Net income applicable to common shares	$	145,221		$	119,155		$	135,688		$	138,214		$	118,743		$	26,478			22	%

Average common shares—basic		864,499			864,136			863,911			863,358			863,359			1,140			—	%
Average common shares—diluted		869,164			868,156			867,633			867,469			867,237			1,927			—
Per common share
Net income—basic	$	0.17		$	0.14		$	0.16		$	0.16		$	0.14		$	0.03			21	%
Net income—diluted		0.17			0.14			0.16			0.16			0.14			0.03			21
Cash dividends declared		0.04			0.04			0.04			0.01			0.01			0.03			300
Return on average total assets		1.13	%		0.92	%		1.05	%		1.11	%		0.96	%		0.17	%		18
Return on average common shareholders’ equity		11.4			9.3			10.8			11.6			10.3			1.1			11
Return on average tangible common shareholders’ equity⁽²⁾		13.5			11.2			13.0			13.3			12.7			0.8			6
Net interest margin⁽³⁾		3.40			3.38			3.34			3.40			3.42			(0.02	)		(1	)
Efficiency ratio⁽⁴⁾		63.8			64.0			63.5			62.7			64.7			(0.9	)		(1	)
Effective tax rate		25.4			24.9			21.4			25.1			21.6			3.8			18

Revenue—fully-taxable equivalent (FTE)
Net interest income	$	417,209		$	415,025		$	406,478		$	403,337		$	404,330		$	12,879			3
FTE adjustment		3,935			3,479			3,658			3,834			3,945			(10	)		—

Net interest income⁽³⁾		421,144			418,504			410,136			407,171			408,275			12,869			3
Noninterest income		285,320			229,352			258,559			255,767			236,945			48,375			20

Total revenue⁽³⁾	$	706,464		$	647,856		$	668,695		$	662,938		$	645,220		$	61,244			9	%

⁽¹⁾	Comparisons for presented periods are impacted by a number of factors. Refer to Significant Items.

⁽²⁾

⁽³⁾	On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾	Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Income

(Unaudited)

		$00000000			$00000000			$00000000			$00000000			$00000000			$00000000			$00000000
	2012			2011												1Q12 vs 1Q11
(dollar amounts in thousands, except as noted)	First			Fourth			Third			Second			First			Amount			Percent
Mortgage banking income
Origination and secondary marketing	$	31,304		$	21,248		$	15,648		$	11,522		$	19,799		$	11,505			58	%
Servicing fees		11,760			11,993			12,140			12,417			12,546			(786	)		(6	)
Amortization of capitalized servicing		(9,279	)		(8,813	)		(9,641	)		(9,052	)		(9,863	)		584			(6	)
Other mortgage banking income		4,966			3,652			3,826			4,259			3,769			1,197			32

Subtotal		38,751			28,080			21,973			19,146			26,251			12,500			48
MSR valuation adjustment⁽¹⁾		9,907			(6,985	)		(39,394	)		(8,292	)		774			9,133			1,180
Net trading gains (losses) related to MSR hedging		(2,240	)		3,003			30,212			12,981			(4,341	)		2,101			(48	)

Total mortgage banking income	$	46,418		$	24,098		$	12,791		$	23,835		$	22,684		$	23,734			105	%

Mortgage originations (in millions)	$	1,157		$	1,123		$	953		$	916		$	929		$	228			25	%
Average trading account securities used to hedge MSRs
(in millions)		5			6			7			22			46			(41	)		(89	)
Capitalized mortgage servicing rights⁽²⁾		148,349			137,435			145,277			189,740			202,559			(54,210	)		(27	)
Total mortgages serviced for others (in millions)⁽²⁾		15,902			15,886			16,061			16,315			16,456			(554	)		(3	)
MSR % of investor servicing portfolio⁽²⁾		0.93	%		0.87	%		0.90	%		1.16	%		1.23	%		(0.30	)%		(24	)

Net impact of MSR hedging
MSR valuation adjustment⁽¹⁾	$	9,907		$	(6,985	)	$	(39,394	)	$	(8,292	)	$	774		$	9,133			1,180	%
Net trading gains (losses) related to MSR hedging		(2,240	)		3,003			30,212			12,981			(4,341	)		2,101			(48	)
Net interest income (loss) related to MSR hedging		(9	)		(34	)		17			84			99			(108	)		(109	)

Net gain (loss) of MSR hedging	$	7,658		$	(4,016	)	$	(9,165	)	$	4,773		$	(3,468	)	$	11,126			N.R.	%

N.R.—Not relevant, as denominator of calculation is a loss in prior period compared with income in current period.

⁽¹⁾	The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

⁽²⁾	At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)


	2012			2011
(dollar amounts in thousands)	First			Fourth			Third			Second			First
Allowance for loan and lease losses, beginning of period	$	964,828		$	1,019,710		$	1,071,126		$	1,133,226		$	1,249,008

Loan and lease losses		(107,960	)		(114,146	)		(115,899	)		(128,701	)		(199,007	)
Recoveries of loans previously charged off		24,968			30,229			25,344			31,167			33,924

Net loan and lease losses		(82,992	)		(83,917	)		(90,555	)		(97,534	)		(165,083	)

Provision for loan and lease losses		31,928			35,614			45,867			36,948			49,301
Allowance of assets sold or transferred to loans held for sale		(695	)		(6,579	)		(6,728	)		(1,514	)		—

Allowance for loan and lease losses, end of period	$	913,069		$	964,828		$	1,019,710		$	1,071,126		$	1,133,226

Allowance for unfunded loan commitments and letters of credit, beginning of period	$	48,456		$	38,779		$	41,060		$	42,211		$	42,127

Provision for (reduction in) unfunded loan commitments and letters of credit losses		2,478			9,677			(2,281	)		(1,151	)		84

Allowance for unfunded loan commitments and letters of credit, end of period	$	50,934		$	48,456		$	38,779		$	41,060		$	42,211

Total allowance for credit losses, end of period	$	964,003		$	1,013,284		$	1,058,489		$	1,112,186		$	1,175,437


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.24	%		2.48	%		2.61	%		2.74	%		2.96	%
Nonaccrual loans and leases (NALs)		195			178			180			174			178
Nonperforming assets (NPAs)		173			163			166			164			164

Total allowance for credit losses (ACL) as % of:
Total loans and leases		2.37	%		2.60	%		2.71	%		2.84	%		3.07	%
Nonaccrual loans and leases		206			187			187			181			185
Nonperforming assets		183			172			172			170			170

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	2012			2011
(dollar amounts in thousands)	First			Fourth			Third			Second			First
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	28,495		$	10,913		$	17,891		$	18,704		$	42,191
Commercial real estate:
Construction		(1,186	)		(2,471	)		1,450			4,145			28,400
Commercial		11,692			30,854			22,990			23,450			39,283

Commercial real estate		10,506			28,383			24,440			27,595			67,683

Total commercial		39,001			39,296			42,331			46,299			109,874

Consumer:
Automobile		3,078			4,237			3,863			2,255			4,712
Home equity		23,729			23,419			26,222			25,441			26,715
Residential mortgage		10,570			9,732			11,562			16,455			18,932
Other consumer		6,614			7,233			6,577			7,084			4,850

Total consumer		43,991			44,621			48,224			51,235			55,209

Total net charge-offs	$	82,992		$	83,917		$	90,555		$	97,534		$	165,083


Net charge-offs—annualized percentages:
Commercial:
Commercial and industrial		0.77	%		0.31	%		0.52	%		0.56	%		1.29	%
Commercial real estate:
Construction		(0.79	)		(1.85	)		0.87			2.99			18.59
Commercial		0.89			2.27			1.69			1.65			2.66

Commercial real estate		0.72			1.91			1.60			1.77			4.15

Total commercial		0.75			0.78			0.86			0.94			2.24

Consumer:
Automobile		0.27			0.30			0.25			0.15			0.33
Home equity		1.15			1.15			1.31			1.29			1.38
Residential mortgage		0.82			0.77			0.97			1.44			1.70
Other consumer		5.45			5.66			5.05			5.27			3.47

Total consumer		0.95			0.92			0.99			1.08			1.20

Net charge-offs as a % of average loans		0.85	%		0.85	%		0.92	%		1.01	%		1.73	%

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)


	2012			2011
(dollar amounts in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	142,492		$	201,846		$	209,632		$	229,327		$	260,397
Commercial real estate		205,105			229,889			257,086			291,500			305,793
Residential mortgage		74,114			68,658			61,129			59,853			44,812
Home equity		45,847			40,687			37,156			33,545			25,255

Total nonaccrual loans and leases ⁽¹⁾		467,558			541,080			565,003			614,225			636,257
Other real estate, net:
Residential⁽²⁾		31,850			20,330			18,588			20,803			28,668
Commercial		16,897			18,094			19,418			17,909			25,961

Total other real estate, net		48,747			38,424			38,006			38,712			54,629
Other NPAs ⁽³⁾		10,772			10,772			10,972			—			—

Total nonperforming assets⁽²⁾	$	527,077		$	590,276		$	613,981		$	652,937		$	690,886

Nonaccrual loans and leases as a % of total loans and leases		1.15	%		1.39	%		1.45	%		1.57	%		1.66	%
NPA ratio⁽⁴⁾		1.29			1.51			1.57			1.67			1.80

		December 31,			December 31,			December 31,			December 31,			December 31,
	2012			2011
	First			Fourth			Third			Second			First
Nonperforming assets, beginning of period	$	590,276		$	613,981		$	652,937		$	690,886		$	844,752
New nonperforming assets⁽²⁾		134,636			189,138			153,626			210,255			192,044
Franklin impact, net		—			(534	)		(349	)		(5,088	)		(3,506	)
Returns to accruing status		(32,056	)		(30,677	)		(25,794	)		(68,429	)		(70,886	)
Loan and lease losses		(75,366	)		(79,117	)		(79,992	)		(74,945	)		(128,730	)
OREO losses (gains)		(295	)		(867	)		(242	)		388			1,492
Payments		(66,609	)		(91,734	)		(76,510	)		(73,009	)		(87,041	)
Sales		(23,509	)		(9,914	)		(9,695	)		(27,121	)		(57,239	)

Nonperforming assets, end of period	$	527,077		$	590,276		$	613,981		$	652,937		$	690,886

⁽¹⁾	All loans acquired as part of the FDIC-assisted Fidelity Bank acquisition accrue interest as performing loans or as purchased impaired loans under ASC 310-30, therefore none of the acquired loans were reported as nonaccrual as of March 31, 2012.

⁽²⁾	NPAs include $7,986 thousand of residential real estate owned acquired as part of the FDIC-assisted Fidelity Bank acquisition.

⁽³⁾	Other nonperforming assets represent an investment security backed by a municipal bond.

⁽⁴⁾	Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans (1)

(Unaudited)


	2012			2011
(dollar amounts in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
Accruing loans and leases past due 90 days or more:

Commercial and industrial	$	—		$	—		$	—		$	—		$	—
Residential mortgage (excluding loans guaranteed by the U.S. Government)		35,604			45,198			32,850			33,975			41,858
Home equity		19,862			20,198			20,420			17,451			24,130
Other consumer		5,091			8,253			7,755			6,227			7,578

Total, excl. loans guaranteed by the U.S. Government		60,557			73,649			61,025			57,653			73,566
Add: loans guaranteed by U.S. Government		94,560			96,703			84,413			76,979			94,440

Total accruing loans and leases past due 90 days or more,including loans guaranteed by the U.S. Government	$	155,117		$	170,352		$	145,438		$	134,632		$	168,006


Ratios:

Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.15	%		0.19	%		0.16	%		0.15	%		0.19	%

Guaranteed by U.S. Government, as a percent of total loans and leases		0.23			0.25			0.21			0.19			0.25

Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.38			0.44			0.37			0.34			0.44

Accruing troubled debt restructured loans:
Commercial and industrial	$	53,795		$	54,007		$	77,509		$	62,272		$	65,190
Commercial real estate		231,923			249,968			244,089			177,854			141,272
Automobile		35,521			36,573			37,371			29,059			29,611
Home equity		59,270			52,224			47,712			37,067			39,704
Residential mortgage		294,836			309,678			304,365			313,772			333,492
Other consumer		4,233			6,108			4,513			8,910			9,173

Total accruing troubled debt restructured loans	$	679,578		$	708,558		$	715,559		$	628,934		$	618,442

Nonaccruing troubled debt restructured loans:
Commercial and industrial	$	26,886		$	48,553		$	27,410		$	29,069		$	19,531
Commercial real estate		39,606			21,968			46,854			48,676			18,327
Home equity		334			369			166			28			14
Residential mortgage		29,549			26,089			20,877			14,378			8,523
Other consumer		113			113			113			112			—

Total nonaccruing troubled debt restructured loans	$	96,488		$	97,092		$	95,420		$	92,263		$	46,395

(1)	No loans related to the FDIC-assisted Fidelity Bank acquisition were considered troubled debt restructured.

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Capital, and Other Data

(Unaudited)

Quarterly common stock summary


	2012			2011
(dollar amounts in thousands, except per share amounts)	First			Fourth			Third			Second			First
Common stock price, per share
High⁽¹⁾	$	6.580		$	5.650		$	6.740		$	6.920		$	7.700
Low⁽¹⁾		5.490			4.670			4.460			6.000			6.380
Close		6.445			5.490			4.800			6.560			6.640
Average closing price		5.974			5.178			5.370			6.506			6.981

Dividends, per share
Cash dividends declared per common share	$	0.04		$	0.04		$	0.04		$	0.01		$	0.01

Common shares outstanding
Average—basic		864,499			864,136			863,911			863,358			863,359
Average—diluted		869,164			868,156			867,633			867,469			867,237
Ending		864,675			864,406			864,075			863,323			863,399

Book value per common share	$	5.97		$	5.82		$	5.83		$	5.66		$	5.42
Tangible book value per common share⁽²⁾		5.33			5.18			5.17			5.00			4.74

	2012			2011
(dollar amounts in millions)	March 31,			December 31,			September 30,			June 30,			March 31,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,550		$	5,418		$	5,400		$	5,253		$	5,039
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(171	)		(175	)		(188	)		(202	)		(215	)
Add: related deferred tax liability⁽²⁾		60			61			66			71			75

Total tangible equity		4,995			4,860			4,834			4,678			4,455
Less: preferred equity		(386	)		(386	)		(363	)		(363	)		(363	)

Total tangible common equity	$	4,609		$	4,474		$	4,471		$	4,315		$	4,092

Total assets	$	55,877		$	54,451		$	54,979		$	53,050		$	52,949
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(171	)		(175	)		(188	)		(202	)		(215	)
Add: related deferred tax liability⁽²⁾		60			61			66			71			75

Total tangible assets	$	55,322		$	53,893		$	54,413		$	52,475		$	52,365

Tangible equity / tangible asset ratio		9.03	%		9.02	%		8.88	%		8.91	%		8.51	%
Tangible common equity / tangible asset ratio		8.33			8.30			8.22			8.22			7.81
Tier 1 common risk-based capital ratio:⁽⁴⁾
Tier 1 capital	$	5,709		$	5,557		$	5,488		$	5,353		$	5,179
Shareholders’ preferred equity		(386	)		(386	)		(363	)		(363	)		(363	)
Trust preferred securities		(532	)		(532	)		(565	)		(565	)		(570	)
REIT preferred stock		(50	)		(50	)		(50	)		(50	)		(50	)

Tier 1 common	$	4,741		$	4,589		$	4,510		$	4,375		$	4,196

Total risk-weighted assets⁽⁴⁾	$	46,716		$	45,891		$	44,376		$	44,080		$	43,024
Tier 1 common risk-based capital ratio⁽⁴⁾		10.15			10.00			10.17			9.92			9.75
Other capital data:
Tier 1 leverage ratio⁽⁴⁾		10.55	%		10.28	%		10.24	%		10.25	%		9.80	%
Tier 1 risk-based capital ratio⁽⁴⁾		12.22			12.11			12.37			12.14			12.04
Total risk-based capital ratio⁽⁴⁾		14.76			14.77			15.11			14.89			14.85
Tangible common equity / risk-weighted assets ratio⁽⁴⁾		9.86			9.75			10.08			9.79			9.51
Other data:
Number of employees (full-time equivalent)		11,166			11,245			11,473			11,457			11,319
Number of domestic full-service branches⁽³⁾		669			668			650			643			622

⁽¹⁾	High and low stock prices are intra-day quotes obtained from NASDAQ.

⁽²⁾	Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽³⁾	Includes WGH offices.

⁽⁴⁾	March 31, 2012, figures are estimated.

Attached files

HUNTINGTON BANCSHARES INC /MD/ Reports

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