Exhibit 99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
June 2009

Table of Contents


Consolidated Balance Sheets			1

Loans and Leases Composition			2

Deposits Composition			3

Consolidated Quarterly Average Balance Sheets			4

Consolidated Quarterly Net Interest Margin Analysis			5

Selected Quarterly Income Statement Data			6

Quarterly Mortgage Banking Income			7

Quarterly Credit Reserves Analysis			8

Quarterly Net Charge-Off Analysis			9

Quarterly Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases			10

Quarterly Common Stock Summary, Capital, and Other Data			11

Consolidated Year to Date Average Balance Sheets			12

Consolidated Year to Date Net Interest Margin Analysis			13

Selected Year to Date Income Statement Data			14

Year to Date Mortgage Banking Income			15

Year to Date Credit Reserves Analysis			16

Year to Date Net Charge-Off Analysis			17

Year to Date Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases			18

Notes:

The preparation of financial statement data in conformity with accounting principals 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.

Huntington Bancshares Incorporated
Consolidated Balance Sheets


										Change
	2009			2008						June ’09 vs ’08
(in thousands, except number of shares)	June 30,			December 31,			June 30,			Amount			Percent
	*(Unaudited)*						(Unaudited)
Assets
Cash and due from banks	$	2,092,604		$	806,693		$	1,159,819		$	932,785			80.4	%
Federal funds sold and securities purchased under resale agreements		—			37,975			198,333			(198,333	)		(100.0	)
Interest bearing deposits in banks		383,082			292,561			313,855			69,227			22.1
Trading account securities		95,920			88,677			1,096,239			(1,000,319	)		(91.3	)
Loans held for sale		559,017			390,438			365,063			193,954			53.1
Investment securities		5,934,704			4,384,457			4,788,275			1,146,429			23.9
Loans and leases ⁽¹⁾		38,494,889			41,092,165			41,047,140			(2,552,251	)		(6.2	)
Allowance for loan and lease losses		(917,680	)		(900,227	)		(679,403	)		(238,277	)		35.1

Net loans and leases		37,577,209			40,191,938			40,367,737			(2,790,528	)		(6.9	)

Bank owned life insurance		1,391,045			1,364,466			1,341,162			49,883			3.7
Premises and equipment		503,877			519,500			533,789			(29,912	)		(5.6	)
Goodwill		447,879			3,054,985			3,056,691			(2,608,812	)		(85.3	)
Other intangible assets		322,467			356,703			395,250			(72,783	)		(18.4	)
Accrued income and other assets		2,089,448			2,864,466			1,717,628			371,820			21.6


Total Assets	$	51,397,252		$	54,352,859		$	55,333,841		$	(3,936,589	)		(7.1	)%


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	39,165,132		$	37,943,286		$	38,124,426		$	1,040,706			2.7	%
Short-term borrowings		862,056			1,309,157			2,313,190			(1,451,134	)		(62.7	)
Federal Home Loan Bank advances		926,937			2,588,976			3,058,163			(2,131,226	)		(69.7	)
Other long-term debt		2,508,144			2,331,632			2,608,092			(99,948	)		(3.8	)
Subordinated notes		1,672,887			1,950,097			1,879,900			(207,013	)		(11.0	)
Accrued expenses and other liabilities		1,041,574			1,000,805			966,857			74,717			7.7

Total Liabilities		46,176,730			47,123,953			48,950,628			(2,773,898	)		(5.7	)


Equity
Huntington Bancshares Incorporated shareholders’ equity
Preferred stock — authorized 6,617,808 shares—

5.00% Series B Non-voting, Cumulative Preferred Stock, par value of $0.01 and liquidation value per share of $1,000		1,316,854			1,308,667			—			1,316,854			—

8.50% Series A Non-cumulative Perpetual Convertible Preferred Stock, par value and liquidiation value per share of $1,000;		362,507			569,000			569,000			(206,493	)		(36.3	)

Common stock—

Par value of $0.01 and authorized 1,000,000,000 shares		5,696			3,670			3,670			2,026			55.2
Capital surplus		6,134,590			5,322,428			5,226,326			908,264			17.4
Less treasury shares at cost,		(12,223	)		(15,530	)		(15,224	)		3,001			(19.7	)
Accumulated other comprehensive income (loss):
Unrealized losses on investment securities		(127,124	)		(207,756	)		(146,307	)		19,183			(13.1	)
Unrealized gains on cash flow hedging derivatives		14,220			44,638			(50,544	)		64,764			N.M.
Pension and other postretirement benefit adjustments		(160,621	)		(163,575	)		(46,271	)		(114,350	)		N.M.
Retained (deficit) earnings		(2,313,377	)		367,364			842,563			(3,155,940	)		N.M.

Total Shareholders’ Equity		5,220,522			7,228,906			6,383,213			(1,162,691	)		(18.2	)

Total Liabilities and Shareholders’ Equity	$	51,397,252		$	54,352,859		$	55,333,841		$	(3,936,589	)		(7.1	)%


Common shares issued		569,646,682			366,972,250			367,019,713
Common shares outstanding		568,741,245			366,057,669			366,196,767
Preferred shares issued		1,967,071			1,967,071			569,000
Preferred shares outstanding		1,760,578			1,967,071			569,000


N.M., not a meaningful value.

⁽¹⁾		See page 2 for detail of loans and leases.

⁽²⁾		See page 3 for detail of deposits.

Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)


	2009								2008
(in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
Ending Balances by Type
Commercial: ⁽¹⁾
Commercial and industrial ⁽²⁾	$	13,320	34.6	%	$	13,768	34.8	%	$	13,541	33.0	%	$	13,638	33.1	%	$	13,746	33.5	%
Commercial real estate:
Construction		1,857	4.8			2,074	5.2			2,080	5.1			2,111	5.1			2,136	5.2
Commercial ⁽²⁾		7,089	18.4			7,187	18.2			8,018	19.5			7,796	18.9			7,565	18.4


Commercial real estate		8,946	23.2			9,261	23.4			10,098	24.6			9,907	24.0			9,701	23.6


Total commercial		22,266	57.8			23,029	58.2			23,639	57.6			23,545	57.1			23,447	57.1

Consumer:
Automobile loans		2,855	7.4			2,894	7.3			3,901	9.5			3,918	9.5			3,759	9.2
Automobile leases		383	1.0			468	1.2			563	1.4			698	1.7			835	2.0
Home equity		7,631	19.8			7,663	19.4			7,556	18.4			7,497	18.2			7,410	18.1
Residential mortgage		4,646	12.1			4,837	12.2			4,761	11.6			4,854	11.8			4,901	11.9
Other loans		714	1.9			657	1.7			672	1.5			680	1.7			695	1.7


Total consumer		16,229	42.2			16,519	41.8			17,453	42.4			17,647	42.9			17,600	42.9


Total loans and leases	$	38,495	100.0		$	39,548	100.0	%	$	41,092	100.0	%	$	41,192	100.0	%	$	41,047	100.0	%


Ending Balances by Business Segment
Retail and Business Banking	$	15,854	41.2		$	16,117	40.8	%	$	16,537	40.2	%	$	16,634	40.4	%	$	16,679	40.6	%
Commercial Banking		8,094	21.0			8,407	21.3			8,532	20.8			8,319	20.2			8,310	20.2
Commercial Real Estate		6,737	17.5			7,003	17.7			6,879	16.7			6,711	16.3			6,432	15.7
Auto Finance and Dealer Services		4,554	11.8			4,830	12.2			5,949	14.5			5,891	14.3			5,949	14.5
Private Financial Group		2,784	7.3			2,696	6.7			2,545	6.2			2,542	6.1			2,547	6.2
Treasury / Other⁽³⁾		472	1.2			495	1.3			650	1.6			1,095	2.7			1,130	2.8


Total loans and leases	$	38,495	100.0	%	$	39,548	100.0	%	$	41,092	100.0	%	$	41,192	100.0	%	$	41,047	100.0	%


	2009								2008
	Second				First				Fourth				Third				Second
Average Balances by Business Segment
Retail and Business Banking	$	15,864	40.7		$	16,407	40.1	%	$	16,500	39.8	%	$	16,557	40.4	%	$	16,912	41.2	%
Commercial Banking		8,246	21.1			8,436	20.6			8,531	20.6			8,280	20.2			8,268	20.2
Commercial Real Estate		6,925	17.8			6,973	17.1			6,846	16.5			6,589	16.1			6,295	15.3
Auto Finance and Dealer Services		4,712	12.1			5,823	14.2			5,911	14.3			5,931	14.5			5,880	14.3
Private Financial Group		2,771	7.0			2,599	6.5			2,564	6.2			2,533	6.1			2,527	6.2
Treasury / Other⁽³⁾		489	1.3			628	1.5			1,085	2.6			1,114	2.7			1,143	2.8

Total loans and direct financing leases	$	39,007	100.0	%	$	40,866	100.0	%	$	41,437	100.0	%	$	41,004	100.0	%	$	41,025	100.0	%


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

⁽²⁾		The 2009 first quarter reflected a net reclassification of $782.2 million from commercial real estate to commercial and industrial.

⁽³⁾		Comprised primarily of Franklin loans.

Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)


	2009								2008
(in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
Ending Balances by Type
Demand deposits — non-interest bearing	$	6,169	15.8	%	$	5,887	15.1	%	$	5,477	14.4	%	$	5,135	13.7	%	$	5,253	13.8	%
Demand deposits — interest bearing		4,842	12.4			4,306	11.0			4,083	10.8			4,052	10.8			4,074	10.7
Money market deposits		6,622	16.9			5,857	15.0			5,182	13.7			5,565	14.8			6,171	16.2
Savings and other domestic deposits		4,859	12.4			5,007	12.8			4,930	13.0			4,903	13.1			5,090	13.4
Core certificates of deposit		12,197	31.1			12,616	32.3			12,856	33.9			12,270	32.7			11,389	29.9

Total core deposits		34,689	88.6			33,673	86.2			32,528	85.8			31,925	85.1			31,977	84.0
Other domestic deposits of $250,000 or more		846	2.2			1,041	2.7			1,328	3.5			1,749	4.7			1,943	5.1
Brokered deposits and negotiable CDs		3,229	8.2			3,848	9.8			3,355	8.8			2,925	7.8			3,101	8.1
Deposits in foreign offices		401	1.0			508	1.3			732	1.9			970	2.4			1,103	2.8


Total deposits	$	39,165	100.0	%	$	39,070	100.0	%	$	37,943	100.0	%	$	37,569	100.0	%	$	38,124	100.0	%


Total core deposits:
Commercial	$	9,738	28.1	%	$	8,934	26.5	%	$	7,971	24.5	%	$	8,208	25.7	%	$	8,668	27.1	%
Personal		24,951	71.9			24,739	73.5			24,557	75.5			23,717	74.3			23,309	72.9


Total core deposits	$	34,689	100.0	%	$	33,673	100.0	%	$	32,528	100.0	%	$	31,925	100.0	%	$	31,977	100.0	%


Ending Balances by Business Segment
Retail and Business Banking	$	27,852	71.1	%	$	27,728	71.0	%	$	27,314	72.0	%	$	26,626	70.9	%	$	26,238	68.8	%
Commercial Banking		5,614	14.3			5,639	14.4			5,180	13.7			5,946	15.8			6,495	17.0
Commercial Real Estate		404	1.0			418	1.1			433	1.1			494	1.3			495	1.3
Auto Finance and Dealer Services		84	0.2			71	0.2			68	0.2			68	0.2			59	0.2
Private Financial Group		2,728	7.0			2,283	5.8			1,777	4.7			1,584	4.2			1,695	4.4
Treasury / Other⁽¹⁾		2,483	6.4			2,931	7.5			3,171	8.3			2,851	7.6			3,142	8.3


Total deposits	$	39,165	100.0	%	$	39,070	100.0	%	$	37,943	100.0	%	$	37,569	100.0	%	$	38,124	100.0	%


	2009								2008
	Second				First				Fourth				Third				Second
Average Balances by Business Segment
Retail and Business Banking	$	27,791	70.3	%	$	27,224	71.3	%	$	26,988	71.8	%	$	26,476	70.0	%	$	26,012	68.4	%
Commercial Banking		5,642	14.3			5,324	13.9			5,349	14.2			6,031	16.0			6,425	16.9
Commercial Real Estate		402	1.0			415	1.1			450	1.2			486	1.3			526	1.4
Auto Finance and Dealer Services		72	0.2			65	0.2			63	0.2			64	0.2			56	0.1
Private Financial Group		2,515	6.3			1,971	5.1			1,634	4.4			1,619	4.2			1,547	4.1
Treasury / Other⁽¹⁾		3,112	7.9			3,190	8.4			3,099	8.2			3,127	8.3			3,461	9.1

Total deposits	$	39,534	100.0	%	$	38,189	100.0	%	$	37,583	100.0	%	$	37,803	100.0	%	$	38,027	100.0	%


⁽¹⁾		Comprised primarily of national market deposits.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


	Average Balances															Change
Fully taxable equivalent basis	2009						2008									2Q09 vs 2Q08
(in millions)	Second			First			Fourth			Third			Second			Amount			Percent
Assets
Interest bearing deposits in banks	$	369		$	355		$	343		$	321		$	256		$	113			44.1	%
Trading account securities		88			278			940			992			1,243			(1,155	)		(92.9	)
Federal funds sold and securities purchased under resale agreements		—			19			48			363			566			(566	)		(100.0	)
Loans held for sale		709			627			329			274			501			208			41.5
Investment securities:
Taxable		5,181			3,961			3,789			3,975			3,971			1,210			30.5
Tax-exempt		126			465			689			712			717			(591	)		(82.4	)

Total investment securities		5,307			4,426			4,478			4,687			4,688			619			13.2
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		13,523			13,541			13,746			13,629			13,631			(108	)		(0.8	)
Commercial real estate:
Construction		1,946			2,033			2,103			2,090			2,038			(92	)		(4.5	)
Commercial		7,253			8,079			8,115			7,726			7,563			(310	)		(4.1	)

Commercial real estate		9,199			10,112			10,218			9,816			9,601			(402	)		(4.2	)

Total commercial		22,722			23,653			23,964			23,445			23,232			(510	)		(2.2	)

Consumer:
Automobile loans		2,867			3,837			3,899			3,856			3,636			(769	)		(21.1	)
Automobile leases		423			517			636			768			915			(492	)		(53.8	)

Automobile loans and leases		3,290			4,354			4,535			4,624			4,551			(1,261	)		(27.7	)
Home equity		7,640			7,577			7,523			7,453			7,365			275			3.7
Residential mortgage		4,657			4,611			4,737			4,812			5,178			(521	)		(10.1	)
Other loans		698			671			678			670			699			(1	)		(0.1	)

Total consumer		16,285			17,213			17,473			17,559			17,793			(1,508	)		(8.5	)

Total loans and leases		39,007			40,866			41,437			41,004			41,025			(2,018	)		(4.9	)
Allowance for loan and lease losses		(930	)		(913	)		(764	)		(731	)		(654	)		(276	)		(42.2	)

Net loans and leases		38,077			39,953			40,673			40,273			40,371			(2,294	)		(5.7	)

Total earning assets		45,480			46,571			47,575			47,641			48,279			(2,799	)		(5.8	)

Cash and due from banks		2,466			1,553			928			925			943			1,523			N.M.
Intangible assets		780			3,371			3,421			3,441			3,449			(2,669	)		(77.4	)
All other assets		3,701			3,571			3,447			3,384			3,522			179			5.1

Total Assets	$	51,497		$	54,153		$	54,607		$	54,660		$	55,539		$	(4,042	)		(7.3	)%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest bearing	$	6,021		$	5,544		$	5,205		$	5,080		$	5,061		$	960			19.0	%
Demand deposits — interest bearing		4,547			4,076			3,988			4,005			4,086			461			11.3
Money market deposits		6,355			5,593			5,500			5,860			6,267			88			1.4
Savings and other domestic deposits		5,031			5,041			5,034			5,100			5,242			(211	)		(4.0	)
Core certificates of deposit		12,501			12,784			12,588			11,993			11,058			1,443			13.0

Total core deposits		34,455			33,038			32,315			32,038			31,714			2,741			8.6
Other domestic deposits of $250,000 or more		886			1,069			1,365			1,692			1,842			(956	)		(51.9	)
Brokered deposits and negotiable CDs		3,740			3,449			3,049			3,025			3,361			379			11.3
Deposits in foreign offices		453			633			854			1,048			1,110			(657	)		(59.2	)

Total deposits		39,534			38,189			37,583			37,803			38,027			1,507			4.0
Short-term borrowings		879			1,099			1,748			2,131			2,854			(1,975	)		(69.2	)
Federal Home Loan Bank advances		947			2,414			3,188			3,139			3,412			(2,465	)		(72.2	)
Subordinated notes and other long-term debt		4,640			4,612			4,252			4,382			3,928			712			18.1

Total interest bearing liabilities		39,979			40,770			41,566			42,375			43,160			(3,181	)		(7.4	)

All other liabilities		569			614			817			882			961			(392	)		(40.8	)
Shareholders’ equity		4,928			7,225			7,019			6,323			6,357			(1,429	)		(22.5	)

Total Liabilities and Shareholders’ Equity	$	51,497		$	54,153		$	54,607		$	54,660		$	55,539		$	(4,042	)		(7.3	)%


N.M., not a meaningful value.

⁽¹⁾		For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin Analysis
(Unaudited)


	Average Rates⁽²⁾
	2009						2008
Fully taxable equivalent basis ⁽¹⁾	Second			First			Fourth			Third			Second
Assets
Interest bearing deposits in banks		0.37	%		0.45	%		1.44	%		2.17	%		2.77	%
Trading account securities		2.22			4.04			5.32			5.45			5.13
Federal funds sold and securities purchased under resale agreements		0.82			0.20			0.24			2.02			2.08
Loans held for sale		5.19			5.04			6.58			6.54			5.98
Investment securities:
Taxable		4.63			5.60			5.74			5.54			5.50
Tax-exempt		6.83			6.61			7.02			6.80			6.77

Total investment securities		4.69			5.71			5.94			5.73			5.69
Loans and leases: ⁽³⁾
Commercial:
Commercial and industrial		5.00			4.60			5.01			5.46			5.53
Commercial real estate:
Construction		2.78			2.76			4.55			4.69			4.81
Commercial		3.56			3.76			5.07			5.33			5.47

Commercial real estate		3.39			3.55			4.96			5.19			5.32

Total commercial		4.35			4.15			4.99			5.35			5.45

Consumer:
Automobile loans		7.28			7.20			7.17			7.13			7.12
Automobile leases		6.12			6.03			5.82			5.70			5.59

Automobile loans and leases		7.13			7.06			6.98			6.89			6.81
Home equity		5.75			5.13			5.87			6.19			6.43
Residential mortgage		5.12			5.71			5.84			5.83			5.78
Other loans		8.22			8.97			9.25			9.71			9.98

Total consumer		5.95			5.92			6.28			6.41			6.48

Total loans and leases		5.02			4.90			5.53			5.80			5.89

Total earning assets		4.99	%		4.99	%		5.57	%		5.77	%		5.85	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		0.18			0.14			0.34			0.51			0.55
Money market deposits		1.14			1.02			1.31			1.66			1.76
Savings and other domestic deposits		1.37			1.50			1.72			1.79			1.91
Core certificates of deposit		3.50			3.81			4.02			4.05			4.36

Total core deposits		2.06			2.28			2.50			2.58			2.68
Other domestic deposits of $250,000 or more		2.61			2.92			3.39			3.50			3.76
Brokered deposits and negotiable CDs		2.54			2.97			3.39			3.37			3.38
Deposits in foreign offices		0.20			0.17			0.90			1.49			1.66

Total deposits		2.11			2.33			2.58			2.66			2.78
Short-term borrowings		0.26			0.25			0.85			1.42			1.66
Federal Home Loan Bank advances		1.13			1.03			3.04			2.92			3.01
Subordinated notes and other long-term debt		2.91			3.29			4.49			4.29			4.21

Total interest bearing liabilities		2.14	%		2.31	%		2.74	%		2.79	%		2.85	%


Net interest rate spread		2.85	%		2.68	%		2.83	%		2.98	%		3.00	%
Impact of non-interest bearing funds on margin		0.25			0.29			0.35			0.31			0.29

Net interest margin		3.10	%		2.97	%		3.18	%		3.29	%		3.29	%


⁽¹⁾		Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 6 for the FTE adjustment.

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

⁽³⁾		For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data ⁽¹⁾
(Unaudited)


	2009						2008									2Q09 vs 2Q08
(in thousands, except per share amounts)	Second			First			Fourth			Third			Second			Amount			Percent
Interest income	$	563,004		$	569,957		$	662,508		$	685,728		$	696,675		$	(133,671	)		(19.2	)%
Interest expense		213,105			232,452			286,143			297,092			306,809			(93,704	)		(30.5	)

Net interest income		349,899			337,505			376,365			388,636			389,866			(39,967	)		(10.3	)
Provision for credit losses		413,707			291,837			722,608			125,392			120,813			292,894			N.M.

Net interest (loss) income after provision for credit losses		(63,808	)		45,668			(346,243	)		263,244			269,053			(332,861	)		N.M.

Service charges on deposit accounts		75,353			69,878			75,247			80,508			79,630			(4,277	)		(5.4	)
Brokerage and insurance income		32,052			39,948			31,233			34,309			35,694			(3,642	)		(10.2	)
Trust services		25,722			24,810			27,811			30,952			33,089			(7,367	)		(22.3	)
Electronic banking		24,479			22,482			22,838			23,446			23,242			1,237			5.3
Bank owned life insurance income		14,266			12,912			13,577			13,318			14,131			135			1.0
Automobile operating lease income		13,116			13,228			13,170			11,492			9,357			3,759			40.2
Mortgage banking income (loss)		30,827			35,418			(6,747	)		10,302			12,502			18,325			N.M.
Securities (losses) gains		(7,340	)		2,067			(127,082	)		(73,790	)		2,073			(9,413	)		N.M.
Other income		57,470			18,359			17,052			37,320			26,712			30,758			N.M.

Total noninterest income		265,945			239,102			67,099			167,857			236,430			29,515			12.5

Personnel costs		171,735			175,932			196,785			184,827			199,991			(28,256	)		(14.1	)
Outside data processing and other services		39,266			32,432			31,230			32,386			30,186			9,080			30.1
Net occupancy		24,430			29,188			22,999			25,215			26,971			(2,541	)		(9.4	)
Equipment		21,286			20,410			22,329			22,102			25,740			(4,454	)		(17.3	)
Amortization of intangibles		17,117			17,135			19,187			19,463			19,327			(2,210	)		(11.4	)
Professional services		18,789			18,253			17,420			13,405			13,752			5,037			36.6
Marketing		7,491			8,225			9,357			7,049			7,339			152			2.1
Automobile operating lease expense		11,400			10,931			10,483			9,093			7,200			4,200			58.3
Telecommunications		6,088			5,890			5,892			6,007			6,864			(776	)		(11.3	)
Printing and supplies		4,151			3,572			4,175			4,316			4,757			(606	)		(12.7	)
Goodwill impairment		4,231			2,602,713			—			—			—			4,231			—
Other expense		13,998			45,088			50,237			15,133			35,676			(21,678	)		(60.8	)

Total noninterest expense		339,982			2,969,769			390,094			338,996			377,803			(37,821	)		(10.0	)

(Loss) Income before income taxes		(137,845	)		(2,684,999	)		(669,238	)		92,105			127,680			(265,525	)		N.M.
(Benefit) Provision for income taxes		(12,750	)		(251,792	)		(251,949	)		17,042			26,328			(39,078	)		N.M.


Net (loss) income	$	(125,095	)	$	(2,433,207	)	$	(417,289	)	$	75,063		$	101,352		$	(226,447	)		N.M.	%


Dividends on preferred shares		57,451			58,793			23,158			12,091			11,151			46,300			N.M.


Net (loss) income applicable to common shares	$	(182,546	)	$	(2,492,000	)	$	(440,447	)	$	62,972		$	90,201		$	(272,747	)		N.M.	%


Average common shares — basic		459,246			366,919			366,054			366,124			366,206			93,040			25.4	%
Average common shares — diluted ⁽²⁾		459,246			366,919			366,054			367,361			367,234			92,012			25.1	%

Per common share
Net (loss) income — basic	$	(0.40	)	$	(6.79	)	$	(1.20	)	$	0.17		$	0.25		$	(0.65	)		N.M.	%
Net (loss) income — diluted		(0.40	)		(6.79	)		(1.20	)		0.17			0.25			(0.65	)		N.M.
Cash dividends declared		0.0100			0.0100			0.1325			0.1325			0.1325			(0.123	)		(92.8	)

Return on average total assets		(0.97	)%		(18.22	)%		(3.04	)%		0.55	%		0.73	%		(1.70	)%		N.M.
Return on average total shareholders’ equity		(10.2	)		N.M.			(23.6	)		4.7			6.4			(16.6	)		N.M.
Return on average tangible shareholders’ equity ⁽³⁾		(10.3	)		18.4			(43.2	)		11.6			15.0			(25.3	)		N.M.
Net interest margin ⁽⁴⁾		3.10			2.97			3.18			3.29			3.29			(0.19	)		(5.8	)
Efficiency ratio ⁽⁵⁾		51.0			60.5			64.6			50.3			56.9			(5.9	)		(10.4	)
Effective tax rate (benefit)		(9.2	)		(9.4	)		(37.6	)		18.5			20.6			(29.8	)		N.M.

Revenue — fully taxable equivalent (FTE)
Net interest income	$	349,899		$	337,505		$	376,365		$	388,636		$	389,866		$	(39,967	)		(10.3	)
FTE adjustment		1,216			3,582			3,641			5,451			5,624			(4,408	)		(78.4	)

Net interest income⁽⁴⁾		351,115			341,087			380,006			394,087			395,490			(44,375	)		(11.2	)
Noninterest income		265,945			239,102			67,099			167,857			236,430			29,515			12.5

Total revenue ⁽⁴⁾	$	617,060		$	580,189		$	447,105		$	561,944		$	631,920		$	(14,860	)		(2.4	)%


N.M., not a meaningful value.

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

⁽²⁾		For all the quarterly periods presented above, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation because the result would have been higher than basic earnings per common share (anti-dilutive) for the periods.

⁽³⁾		Net income (loss) excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average stockholders’ equity less equals 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.

⁽⁴⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾		Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities (losses) gains.

Huntington Bancshares Incorporated
Quarterly Mortgage Banking Income
(Unaudited)


	2009						2008									2Q09 vs 2Q08
(in thousands, except as noted)	Second			First			Fourth			Third			Second			Amount			Percent
Mortgage Banking Income

Origination and secondary marketing	$	31,782		$	29,965		$	7,180		$	7,647		$	13,098		$	18,684			N.M.	%
Servicing fees		12,045			11,840			11,660			11,838			11,166			879			7.9
Amortization of capitalized servicing⁽¹⁾		(14,445	)		(12,285	)		(6,462	)		(6,234	)		(7,024	)		(7,421	)		N.M.
Other mortgage banking income		5,381			9,404			2,959			3,519			5,959			(578	)		(9.7	)

Sub-total		34,763			38,924			15,337			16,770			23,199			11,564			49.8
MSR valuation adjustment ⁽¹⁾		46,551			(10,389	)		(63,355	)		(10,251	)		39,031			7,520			19.3
Net trading (losses) gains related to MSR hedging		(50,487	)		6,883			41,271			3,783			(49,728	)		(759	)		1.5


Total mortgage banking income (loss)	$	30,827		$	35,418		$	(6,747	)	$	10,302		$	12,502		$	18,325			N.M.	%


Average trading account securities used to hedge MSRs (in millions)	$	20		$	223		$	857		$	941		$	1,190		$	(1,170	)		(98.3	)%
Capitalized mortgage servicing rights⁽²⁾		219,282			167,838			167,438			230,398			240,024			(20,742	)		(8.6	)
Total mortgages serviced for others (in millions)⁽²⁾		16,246			16,315			15,754			15,741			15,770			476			3.0
MSR % of investor servicing portfolio		1.35	%		1.03	%		1.06	%		1.46	%		1.52	%		(0.17	)%		(11.2	)


Net Impact of MSR Hedging

MSR valuation adjustment⁽¹⁾	$	46,551		$	(10,389	)	$	(63,355	)	$	(10,251	)	$	39,031		$	7,520			19.3	%
Net trading (losses) gains related to MSR hedging		(50,487	)		6,883			41,271			3,783			(49,728	)		(759	)		1.5
Net interest income related to MSR hedging		199			2,441			9,473			8,368			9,364			(9,165	)		(97.9	)


Net impact of MSR hedging	$	(3,737	)	$	(1,065	)	$	(12,611	)	$	1,900		$	(1,333	)	$	(2,404	)		N.M.	%


N.M., not a meaningful value.

⁽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)


	2009						2008
(in thousands)	Second			First			Fourth			Third			Second

Allowance for loan and lease losses, beginning of period	$	838,549		$	900,227		$	720,738		$	679,403		$	627,615

Loan and lease losses		(359,444	)		(353,005	)		(571,053	)		(96,388	)		(78,084	)
Recoveries of loans previously charged off		25,037			11,514			10,433			12,637			12,837

Net loan and lease losses		(334,407	)		(341,491	)		(560,620	)		(83,751	)		(65,247	)

Provision for loan and lease losses		413,538			289,001			728,046			125,086			117,035
Economic reserve transfer		—			—			12,063			—			—
Allowance of assets sold		—			(9,188	)		—			—			—

Allowance for loan and lease losses, end of period	$	917,680		$	838,549		$	900,227		$	720,738		$	679,403


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	46,975		$	44,139		$	61,640		$	61,334		$	57,556

Provision for (Reduction in) unfunded loan commitments and letters of credit losses		169			2,836			(5,438	)		306			3,778
Economic reserve transfer		—			—			(12,063	)		—			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	47,144		$	46,975		$	44,139		$	61,640		$	61,334


Total allowances for credit losses	$	964,824		$	885,524		$	944,366		$	782,378		$	740,737


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.38	%		2.12	%		2.19	%		1.75	%		1.66	%
Nonaccrual loans and leases (NALs)		50			54			60			123			127
Nonperforming assets (NPAs)		46			47			55			107			109

Total allowances for credit losses (ACL) as % of:
Total loans and leases		2.51	%		2.24	%		2.30	%		1.90	%		1.80	%
Nonaccrual loans and leases		53			57			63			134			138
Nonperforming assets		48			50			58			116			119

Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)


	2009						2008
(in thousands)	Second			First			Fourth			Third			Second

Net charge-offs by loan and lease type:
Commercial and industrial	$	98,300		$	210,648	⁽¹⁾	$	473,426	⁽²⁾	$	29,646		$	12,361
Commercial real estate:
Construction		31,360			25,642			2,390			3,539			575
Commercial		141,261			57,139			35,991			7,446			14,524

Commercial real estate		172,621			82,781			38,381			10,985			15,099

Total commercial		270,921			293,429			511,807			40,631			27,460

Consumer:
Automobile loans		12,379			14,971			14,885			9,813			8,522
Automobile leases		2,227			3,086			3,666			3,532			2,928

Automobile loans and leases		14,606			18,057			18,551			13,345			11,450
Home equity		24,687			17,680			19,168			15,828			17,345
Residential mortgage		17,160			6,298			7,328			6,706			4,286
Other loans		7,033			6,027			3,766			7,241			4,706

Total consumer		63,486			48,062			48,813			43,120			37,787


Total net charge-offs	$	334,407		$	341,491		$	560,620		$	83,751		$	65,247


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial ^{(1), (2)}		2.91	%		6.22	%		13.78	%		0.87	%		0.36	%
Commercial real estate:
Construction		6.45			5.05			0.45			0.68			0.11
Commercial		7.79			2.83			1.77			0.39			0.77

Commercial real estate		7.51			3.27			1.50			0.45			0.63

Total commercial		4.77			4.96			8.54			0.69			0.47

Consumer:
Automobile loans		1.73			1.56			1.53			1.02			0.94
Automobile leases		2.11			2.39			2.31			1.84			1.28

Automobile loans and leases		1.78			1.66			1.64			1.15			1.01
Home equity		1.29			0.93			1.02			0.85			0.94
Residential mortgage		1.47			0.55			0.62			0.56			0.33
Other loans		4.03			3.59			2.22			4.32			2.69

Total consumer		1.56			1.12			1.12			0.98			0.85


Net charge-offs as a % of average loans		3.43	%		3.34	%		5.41	%		0.82	%		0.64	%


⁽¹⁾		The 2009 first quarter included charge-offs totaling $128,338 thousand associated with the Franklin restructuring.

⁽²⁾		The 2008 fourth quarter included charge-offs totaling $423,269 thousand associated with Franklin.

Huntington Bancshares Incorporated
Quarterly Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases
(Unaudited)


	2009						2008
(in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,

Nonaccrual loans and leases (NALs):
Commercial and industrial ⁽¹⁾	$	456,734		$	398,286		$	932,648		$	174,207		$	161,345
Commercial real estate		850,846			629,886			445,717			298,844			261,739
Residential mortgage⁽¹⁾		475,488			486,955			98,951			85,163			82,882
Home equity		35,299			37,967			24,831			27,727			29,076

Total nonaccrual loans and leases		1,818,367			1,553,094			1,502,147			585,941			535,042
Other real estate, net:
Residential⁽¹⁾		107,954			143,856			63,058			59,302			59,119
Commercial		64,976			66,906			59,440			14,176			13,259

Total other real estate, net		172,930			210,762			122,498			73,478			72,378
Impaired loans held for sale ⁽²⁾		11,287			11,887			12,001			13,503			14,759
Other NPAs ⁽³⁾		—			—			—			2,397			2,557

Total nonperforming assets	$	2,002,584		$	1,775,743		$	1,636,646		$	675,319		$	624,736


Nonperforming Franklin loans ⁽¹⁾
Commercial	$	—		$	—		$	650,225		$	—		$	—
Residential mortgage		342,207			360,106			—			—			—
OREO		43,623			79,596			—			—			—
Home Equity		2,437			6,000			—			—			—

Total nonperforming Franklin loans	$	388,267		$	445,702		$	650,225		$	—		$	—


Nonaccrual loans and leases as a % of total loans and leases (NAL ratio)		4.72	%		3.93	%		3.66	%		1.42	%		1.30	%

NPA ratio ⁽⁴⁾		5.18			4.46			3.97			1.64			1.52


	2009						2008
(in thousands)	Second			First			Fourth			Third			Second

Nonperforming assets, beginning of period	$	1,775,743		$	1,636,646		$	675,319		$	624,736		$	520,406
New nonperforming assets		750,318			622,515			509,320			175,345			256,308
Franklin impact, net ⁽¹⁾		(57,436	)		(204,523	)		650,225			—			—
Returns to accruing status		(40,915	)		(36,056	)		(13,756	)		(9,104	)		(5,817	)
Loan and lease losses		(303,327	)		(172,416	)		(100,335	)		(52,792	)		(40,808	)
Payments		(95,124	)		(61,452	)		(66,536	)		(43,319	)		(46,091	)
Sales		(26,675	)		(8,971	)		(17,591	)		(19,547	)		(59,262	)

Nonperforming assets, end of period	$	2,002,584		$	1,775,743		$	1,636,646		$	675,319		$	624,736


Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	—		$	10,889		$	24,407		$	9,805
Commercial real estate		—			—			59,425			58,867			24,052
Residential mortgage (excluding loans guaranteed by the U.S. government)		97,937			88,386			71,553			58,280			52,006
Home equity		35,328			35,717			29,039			23,224			26,464
Other loans and leases		13,474			15,606			18,039			14,580			13,575

Total, excl. loans guaranteed by the U.S. government	$	146,739		$	139,709		$	188,945		$	179,358		$	125,902
Add: loans guaranteed by U.S. government		99,379			88,551			82,576			68,729			65,021

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	246,118		$	228,260		$	271,521		$	248,087		$	190,923

Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.38	%		0.35	%		0.46	%		0.44	%		0.31	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.22	%		0.20	%		0.17	%		0.16	%
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.64	%		0.58	%		0.66	%		0.60	%		0.47	%

Accruing restructured loans:
Commercial ⁽¹⁾	$	267,975		$	201,508		$	185,333		$	364,939		$	368,379
Residential mortgage		158,568			108,011			82,857			71,512			57,802
Other		35,720			27,014			41,094			40,414			34,094

Total accruing restructured loans	$	462,263		$	336,533		$	309,284		$	476,865		$	460,275


⁽¹⁾		Franklin loans were reported as accruing restructured commercial loans for the three-month periods ended June 30, 2008, and September 30, 2008. For the three-month period ended December 31, 2008, Franklin loans were reported as nonaccruing commercial and industrial loans. For the three-month periods ended March 31, 2009, and June 30, 2009, nonaccruing Franklin loans were reported as residential mortgage loans, home equity loans, and OREO; reflecting the 2009 first quarter restructuring.

⁽²⁾		Represents impaired loans obtained from the Sky Financial acquisition. Held for sale loans are carried at the lower of cost or fair value less costs to sell.

⁽³⁾		Other NPAs represent certain investment securities backed by mortgage loans to borrowers with lower FICO scores.

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

Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Capital, and Other Data
(Unaudited)

Quarterly common stock summary


	2009				2008
(in thousands, except per share amounts)	Second		First		Fourth		Third		Second

Common stock price, per share
High ⁽¹⁾	$	6.180	$	8.000	$	11.650	$	13.500	$	11.750
Low⁽¹⁾		1.550		1.000		5.260		4.370		4.940
Close		4.180		1.660		7.660		7.990		5.770
Average closing price		3.727		2.733		8.276		7.510		8.783

Dividends, per share
Cash dividends declared per common share	$	0.0100	$	0.0100	$	0.1325	$	0.1325	$	0.1325

Common shares outstanding
Average — basic		459,246		366,919		366,054		366,124		366,206
Average — diluted ⁽²⁾		459,246		366,919		366,054		367,361		367,234
Ending		568,741		390,682		366,058		366,069		366,197
Book value per common share	$	6.23	$	7.80	$	14.62	$	15.86	$	15.88
Tangible book value per common share ⁽³⁾		5.07		6.08		5.64		6.85		6.83

Capital data


	2009						2008
(in millions)	June 30,			March 31,			December 31,			September 30,			June 30,

Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,221		$	4,815		$	7,229		$	6,376		$	6,383
Less: goodwill		(448	)		(452	)		(3,055	)		(3,056	)		(3,057	)
Less: other intangible assets		(322	)		(340	)		(357	)		(376	)		(395	)
Add: related deferred tax liability ⁽³⁾		113			119			125			132			138

Total tangible equity		4,563			4,142			3,942			3,075			3,070
Less: Preferred equity		(1,679	)		(1,768	)		(1,878	)		(569	)		(569	)

Total tangible common equity	$	2,884		$	2,374		$	2,064		$	2,506		$	2,501


Total assets	$	51,397		$	51,702		$	54,353		$	54,661		$	55,334
Less: goodwill		(448	)		(452	)		(3,055	)		(3,056	)		(3,057	)
Less: other intangible assets		(322	)		(340	)		(357	)		(376	)		(395	)
Add: related deferred tax liability ⁽³⁾		113			119			125			132			138

Total tangible assets	$	50,740		$	51,029		$	51,066		$	51,360		$	52,020


Tangible equity / tangible asset ratio		8.99	%		8.12	%		7.72	%		5.99	%		5.90	%
Tangible common equity / tangible asset ratio		5.68			4.65			4.04			4.88			4.81

Other capital data:
Total risk-weighted assets	$	45,457		$	46,313		$	46,994		$	46,608		$	46,602

Tier 1 leverage ratio⁽⁴⁾		10.62	%		9.67	%		9.82	%		7.99	%		7.88	%
Tier 1 common risk-based capital ratio ⁽⁴⁾		6.80			5.64			5.05			5.89			5.81
Tier 1 risk-based capital ratio⁽⁴⁾		11.86			11.16			10.72			8.80			8.82
Total risk-based capital ratio⁽⁴⁾		14.95			14.28			13.91			12.03			12.05

Tangible equity / risk-weighted assets ratio		10.04			8.94			8.39			6.60			6.59

Other data:
Number of employees (full-time equivalent)		10,252			10,540			10,951			10,901			11,251
Number of domestic full-service banking offices⁽⁵⁾		610			608			613			612			625


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

⁽²⁾		For all of the quarterly periods presented above, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation because the result would have been higher than basic earnings per common share (anti-dilutive) for the periods.

⁽³⁾		Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾		Based on an interim decision by the banking agencies on December 14, 2006, Huntington has excluded the impact of adopting Statement 158 from the regulatory capital calculations.

⁽⁵⁾		Includes 9 Private Financial Group offices.

Huntington Bancshares Incorporated
Consolidated Year to Date Average Balance Sheets
(Unaudited)


	YTD Average Balances
Fully taxable equivalent basis	Six Months Ended June 30,						Change
(in millions)	2009			2008			Amount			Percent
Assets
Interest bearing deposits in banks	$	362		$	274		$	88			32.1	%
Trading account securities		182			1,214			(1,032	)		(85.0	)
Federal funds sold and securities purchased under resale agreements		9			668			(659	)		(98.7	)
Loans held for sale		668			533			135			25.3
Investment securities:
Taxable		4,575			3,873			702			18.1
Tax-exempt		295			710			(415	)		(58.5	)

Total investment securities		4,870			4,583			287			6.3
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		13,532			13,487			45			0.3
Commercial real estate:
Construction		1,989			2,026			(37	)		(1.8	)
Commercial		7,664			7,418			246			3.3

Commercial real estate		9,653			9,444			209			2.2

Total commercial		23,185			22,931			254			1.1

Consumer:
Automobile loans		3,350			3,472			(122	)		(3.5	)
Automobile leases		470			1,003			(533	)		(53.1	)

Automobile loans and leases		3,820			4,475			(655	)		(14.6	)
Home equity		7,609			7,320			289			3.9
Residential mortgage		4,634			5,264			(630	)		(12.0	)
Other loans		683			706			(23	)		(3.3	)

Total consumer		16,746			17,765			(1,019	)		(5.7	)

Total loans and leases		39,931			40,696			(765	)		(1.9	)
Allowance for loan and lease losses		(922	)		(642	)		(280	)		(43.6	)

Net loans and leases		39,009			40,054			(1,045	)		(2.6	)

Total earning assets		46,022			47,968			(1,946	)		(4.1	)

Cash and due from banks		2,012			990			1,022			N.M.
Intangible assets		2,069			3,460			(1,391	)		(40.2	)
All other assets		3,637			3,436			201			5.8

Total Assets	$	52,818		$	55,212		$	(2,394	)		(4.3)	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest bearing	$	5,784		$	5,047		$	737			14.6	%
Demand deposits — interest bearing		4,312			4,010			302			7.5
Money market deposits		5,975			6,510			(535	)		(8.2	)
Savings and other domestic deposits		5,036			5,228			(192	)		(3.7	)
Core certificates of deposit		12,643			10,975			1,668			15.2

Total core deposits		33,750			31,770			1,980			6.2
Other domestic deposits of $250,000 or more		977			1,760			(783	)		(44.5	)
Brokered deposits and negotiable CDs		3,596			3,451			145			4.2
Deposits in foreign offices		542			998			(456	)		(45.7	)

Total deposits		38,865			37,979			886			2.3
Short-term borrowings		988			2,813			(1,825	)		(64.9	)
Federal Home Loan Bank advances		1,677			3,399			(1,722	)		(50.7	)
Subordinated notes and other long-term debt		4,627			3,872			755			19.5

Total interest bearing liabilities		40,373			43,016			(2,643	)		(6.1	)

All other liabilities		591			1,032			(441	)		(42.7	)
Shareholders’ equity		6,070			6,117			(47	)		(0.8	)

Total Liabilities and Shareholders’ Equity	$	52,818		$	55,212		$	(2,394	)		(4.3)	%


N.M., not a meaningful value.

⁽¹⁾		For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Consolidated Year to Date Net Interest Margin Analysis
(Unaudited)


	YTD Average Rates⁽²⁾
	Six Months Ended June 30,
Fully Taxable Equivalent basis ⁽¹⁾	2009			2008
Assets
Interest bearing deposits in banks		0.41	%		3.43	%
Trading account securities		3.61			5.18
Federal funds sold and securities purchased under resale agreements		0.21			2.65
Loans held for sale		5.12			5.68
Investment securities:
Taxable		5.05			5.60
Tax-exempt		6.68			6.76

Total investment securities		5.15			5.78
Loans and leases ⁽³⁾:
Commercial:
Commercial and industrial		4.80			5.92
Commercial real estate:
Construction		2.77			5.34
Commercial		3.66			5.86

Commercial real estate		3.48			5.75

Total commercial		4.25			5.85

Consumer:
Automobile loans		7.23			7.18
Automobile leases		6.07			5.56

Automobile loans and leases		7.09			6.82
Home equity		5.44			6.82
Residential mortgage		5.41			5.82
Other loans		8.58			10.21

Total consumer		5.94			6.66

Total loans and leases		4.96			6.20

Total earning assets		5.00	%		6.13	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest bearing		—	%		—	%
Demand deposits — interest bearing		0.16			0.68
Money market deposits		1.09			2.31
Savings and other domestic deposits		1.43			2.13
Core certificates of deposit		3.66			4.52

Total core deposits		2.17			2.94
Other domestic deposits of $250,000 or more		2.78			4.05
Brokered deposits and negotiable CDs		2.74			3.92
Deposits in foreign offices		0.18			1.88

Total deposits		2.22			3.07
Short-term borrowings		0.26			2.21
Federal Home Loan Bank advances		1.06			3.47
Subordinated notes and other long-term debt		3.10			4.66

Total interest bearing liabilities		2.22			3.19


Net interest rate spread		2.78			2.94
Impact of non-interest bearing funds on margin		0.25			0.32

Net interest margin		3.03	%		3.26	%


⁽¹⁾		Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 14 for the FTE adjustment.

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

⁽³⁾		For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Selected Year to Date Income Statement Data ⁽¹⁾
(Unaudited)


	Six Months Ended June 30,						Change
(in thousands, except per share amounts)	2009			2008			Amount			Percent
Interest income	$	1,132,961		$	1,450,086		$	(317,125	)		(21.9	)%
Interest expense		445,557			683,396			(237,839	)		(34.8	)

Net interest income		687,404			766,690			(79,286	)		(10.3	)
Provision for credit losses		705,544			209,463			496,081			N.M.

Net interest (loss) income after provision for credit losses		(18,140	)		557,227			(575,367	)		N.M.

Service charges on deposit accounts		145,231			152,298			(7,067	)		(4.6	)
Brokerage and insurance income		72,000			72,254			(254	)		(0.4	)
Trust services		50,532			67,217			(16,685	)		(24.8	)
Electronic banking		46,961			43,983			2,978			6.8
Bank owned life insurance income		27,178			27,881			(703	)		(2.5	)
Automobile operating lease income		26,344			15,189			11,155			73.4
Mortgage banking income		66,245			5,439			60,806			N.M.
Securities (losses) gains		(5,273	)		3,502			(8,775	)		N.M.
Other income		75,829			84,419			(8,590	)		(10.2	)

Total noninterest income		505,047			472,182			32,865			7.0

Personnel costs		347,667			401,934			(54,267	)		(13.5	)
Outside data processing and other services		71,698			64,547			7,151			11.1
Net occupancy		53,618			60,214			(6,596	)		(11.0	)
Equipment		41,696			49,534			(7,838	)		(15.8	)
Amortization of intangibles		34,252			38,244			(3,992	)		(10.4	)
Professional services		37,042			22,842			14,200			62.2
Marketing		15,716			16,258			(542	)		(3.3	)
Automobile operating lease expense		22,331			11,706			10,625			90.8
Telecommunications		11,978			13,109			(1,131	)		(8.6	)
Printing and supplies		7,723			10,379			(2,656	)		(25.6	)
Goodwill impairment		2,606,944			—			2,606,944			—
Other expense		59,086			59,517			(431	)		(0.7	)

Total noninterest expense		3,309,751			748,284			2,561,467			N.M.

(Loss) Income before income taxes		(2,822,844	)		281,125			(3,103,969	)		N.M.
(Benefit) Provision for income taxes		(264,542	)		52,705			(317,247	)		N.M.

Net (loss) income	$	(2,558,302	)	$	228,420		$	(2,786,722	)		N.M.	%


Dividends declared on preferred shares		116,244			11,151			105,093			N.M.


Net (loss) income applicable to common shares	$	(2,674,546	)	$	217,269		$	(2,891,815	)		N.M.	%


Average common shares — basic		413,083			366,221			46,862			12.8	%
Average common shares — diluted ⁽²⁾		413,083			387,322			25,761			6.7

Per common share
Net (loss) income per common share — basic	$	(6.47	)	$	0.59		$	(7.06	)		N.M.	%
Net (loss) income per common share — diluted		(6.47	)		0.59			(7.06	)		N.M.
Cash dividends declared		0.0200			0.3975			(0.3775	)		(95.0	)

Return on average total assets		(9.77)	%		0.83	%		(10.60	)%		N.M.	%
Return on average total shareholders’ equity		(85.0	)		7.5			(92.5	)		N.M.
Return on average tangible shareholders’ equity ⁽³⁾		(124.2	)		18.2			(142.4	)		N.M.
Net interest margin ⁽⁴⁾		3.03			3.26			(0.23	)		(7.1	)
Efficiency ratio ⁽⁵⁾		55.6			57.0			(1.4	)		(2.5	)
Effective tax rate (benefit)		(9.4	)		18.7			(28.1	)		N.M.

Revenue — fully taxable equivalent (FTE)
Net interest income	$	687,404		$	766,690		$	(79,286	)		(10.3	)%
FTE adjustment ⁽⁴⁾		4,798			11,126			(6,328	)		(56.9	)

Net interest income		692,202			777,816			(85,614	)		(11.0	)
Noninterest income		505,047			472,182			32,865			7.0

Total revenue	$	1,197,249		$	1,249,998		$	(52,749	)		(4.2	)%


N.M., not a meaningful value.

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

⁽²⁾		For the six months ended June 30, 2009, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the period. For the six months ended June 30, 2008, the impact of the convertible preferred stock issued in April of 2008 was included in the diluted share calculation because the result was less than basic earnings per common share (dilutive) for the period.

⁽³⁾		Net income excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average total 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.

⁽⁴⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾		Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities (losses) gains.

Huntington Bancshares Incorporated
Year to Date Mortgage Banking Income
(Unaudited)


	Six Months Ended June 30,						Change
(in thousands, except as noted)	2009			2008			Amount			Percent
Mortgage Banking Income

Origination and secondary marketing	$	61,747		$	22,430		$	39,317			N.M.	%
Servicing fees		23,885			22,060			1,825			8.3
Amortization of capitalized servicing⁽¹⁾		(26,730	)		(13,938	)		(12,792	)		(91.8	)
Other mortgage banking income		14,785			10,290			4,495			43.7

Sub-total		73,687			40,842			32,845			80.4
MSR valuation adjustment ⁽¹⁾		36,162			20,938			15,224			72.7
Net trading losses related to MSR hedging		(43,604	)		(56,341	)		12,737			(22.6	)


Total mortgage banking income	$	66,245		$	5,439		$	60,806			N.M.	%


Average trading account securities used to hedge MSRs (in millions)	$	121		$	1,164		$	(1,043	)		(89.6	)%
Capitalized mortgage servicing rights⁽²⁾		219,282			240,024			(20,742	)		(8.6	)
Total mortgages serviced for others (in millions)⁽²⁾		16,246			15,770			476			3.0
MSR % of investor servicing portfolio		1.35	%		1.52	%		(0.17	)%		(11.2	)


Net Impact of MSR Hedging

MSR valuation adjustment⁽¹⁾	$	36,162		$	20,938		$	15,224			72.7	%
Net trading losses related to MSR hedging		(43,604	)		(56,341	)		12,737			(22.6	)
Net interest income related to MSR hedging		2,640			15,298			(12,658	)		(82.7	)


Net impact of MSR hedging	$	(4,802	)	$	(20,105	)	$	15,303			(76.1	)%


N.M., not a meaningful value.

⁽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
Year to Date Credit Reserves Analysis
(Unaudited)


	Six Months Ended June 30,
(in thousands)	2009			2008

Allowance for loan and lease losses, beginning of period	$	900,227		$	578,442

Loan and lease losses		(712,449	)		(138,888	)
Recoveries of loans previously charged off		36,551			25,192

Net loan and lease losses		(675,898	)		(113,696	)

Provision for loan and lease losses		702,539			214,657
Allowance of assets sold		(9,188	)		—

Allowance for loan and lease losses, end of period	$	917,680		$	679,403


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	44,139		$	66,528

(Reduction in) provision for unfunded loan commitments and letters of credit losses		3,005			(5,194	)

Allowance for unfunded loan commitments and letters of credit, end of period	$	47,144		$	61,334


Total allowances for credit losses	$	964,824		$	740,737


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.38	%		1.66	%
Nonaccrual loans and leases (NALs)		50			127
Nonperforming assets (NPAs)		46			109

Total allowances for credit losses (ACL) as % of:
Total loans and leases		2.51	%		1.80	%
Nonaccrual loans and leases		53			138
Nonperforming assets		48			119

Huntington Bancshares Incorporated
Year to Date Net Charge-Off Analysis
(Unaudited)


	Six Months Ended June 30,
(in thousands)	2009			2008

Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	308,948	⁽¹⁾	$	23,093
Commercial real estate:
Construction		57,002			697
Commercial		198,400			18,677

Commercial real estate		255,402			19,374

Total commercial		564,350			42,467

Consumer:
Automobile loans		27,350			16,530
Automobile leases		5,313			6,139

Automobile loans and leases		32,663			22,669
Home equity		42,367			32,560
Residential mortgage		23,458			7,213
Other loans		13,060			8,787

Total consumer		111,548			71,229


Total net charge-offs	$	675,898		$	113,696


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial ⁽¹⁾		4.57	%		0.34	%
Commercial real estate:
Construction		5.73			0.07
Commercial		5.18			0.50

Commercial real estate		5.29			0.41

Total commercial		4.87			0.37

Consumer:
Automobile loans		1.63			0.95
Automobile leases		2.26			1.22

Automobile loans and leases		1.71			1.01
Home equity		1.11			0.89
Residential mortgage		1.01			0.27
Other loans		3.82			2.49

Total consumer		1.33			0.80


Net charge-offs as a % of average loans		3.39	%		0.56	%


⁽¹⁾		The 2009 first six-month period included net charge-offs totaling $118,255 thousand associated with the Franklin restructuring.

Huntington Bancshares Incorporated
Year to Date Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases
(Unaudited)


	June 30,
(in thousands)	2009			2008
Nonaccrual loans and leases (NALs):
Commercial and industrial⁽¹⁾	$	456,734		$	161,345
Commercial real estate		850,846			261,739
Residential mortgage ⁽¹⁾		475,488			82,882
Home equity		35,299			29,076


Total nonaccrual loans and leases		1,818,367			535,042
Other real estate, net:
Residential		107,954			59,119
Commercial		64,976			13,259

Total other real estate, net		172,930			72,378
Impaired loans held for sale ⁽²⁾		11,287			14,759
Other NPAs ⁽³⁾		—			2,557


Total nonperforming assets	$	2,002,584		$	624,736


Nonperforming Franklin loans ⁽¹⁾
Commercial	$	—		$	—
Residential mortgage		342,207			—
OREO		43,623			—
Home Equity		2,437			—

Total nonperforming Franklin loans	$	388,267		$	—


Nonaccrual loans and leases as a % of total loans and leases (NAL ratio)		4.72	%		1.30	%

NPA ratio ⁽⁴⁾		5.18			1.52


	Six Months Ended June 30,
(in thousands)	2009			2008

Nonperforming assets, beginning of period	$	1,636,646		$	472,902
New nonperforming assets		1,372,833			397,398
Franklin impact, net ⁽¹⁾		(261,959	)		—
Returns to accruing status		(76,971	)		(19,301	)
Loan and lease losses		(475,743	)		(68,704	)
Payments		(156,576	)		(84,837	)
Sales		(35,646	)		(72,722	)

Nonperforming assets, end of period	$	2,002,584		$	624,736


Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	9,805
Commercial real estate		—			24,052
Residential mortgage (excluding loans guaranteed by the U.S. government)		97,937			52,006
Home equity		35,328			26,464
Other loans and leases		13,474			13,575

Total, excl. loans guaranteed by the U.S. government	$	146,739		$	125,902
Add: loans guaranteed by U.S. government		99,379			65,021

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	246,118		$	190,923

Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.38	%		0.31	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.16	%
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.64	%		0.47	%

Accruing restructured loans
Commercial ⁽¹⁾	$	267,975		$	368,379
Residential mortgage		158,568			57,802
Other		35,720			34,094

Total accruing restructured loans	$	462,263		$	460,275


⁽¹⁾		Franklin loans were reported as accruing restructured commercial loans during the six months ended June 30, 2008. During the six months ended June 30, 2009, nonaccruing Franklin loans were reported as residential mortgage loans, home equity loans, and OREO, reflecting the 2009 first quarter restructuring.

⁽²⁾		Represents impaired loans obtained from the Sky acquisition. Held for sale loans are carried at the lower of cost or fair value less costs to sell.

⁽³⁾		Other NPAs represent certain investment securities backed by mortgage loans to borrowers with lower FICO scores.

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