Exhibit 99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
June 2010

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 and Leases (NALs) and Nonperforming Assets (NPAs)			10

Quarterly Accruing Past Due Loans and Leases and Accruing Restructured Loans			11

Quarterly Common Stock Summary, Capital, and Other Data			12

Consolidated Year to Date Average Balance Sheets			13

Consolidated Year to Date Net Interest Margin Analysis			14

Selected Year to Date Income Statement Data			15

Year to Date Mortgage Banking Income			16

Year to Date Credit Reserves Analysis			17

Year to Date Net Charge-Off Analysis			18

Year to Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			19

Year to Date Accruing Past Due Loans and Leases and Accruing Restructured Loans			20

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.

Percent changes of 100% or more are typically shown as “N.M.” or “Not Meaningful”. Such large percent changes typically reflect the impact of unusual or particularly volatile items within the measured periods. Since the primary purpose of showing a percent change is to discern underlying performance trends, such large percent changes are typically “not meaningful” for such trend analysis purposes.

Contents

Huntington Bancshares Incorporated
Consolidated Balance Sheets


										Change
	2010			2009						June ’10 vs ’09
(in thousands, except number of shares)	June 30,			December 31,			June 30,			Amount			Percent
	*(Unaudited)*						(Unaudited)

Assets
Cash and due from banks	$	1,125,776		$	1,521,344		$	2,092,604		$	(966,828	)		(46	)%
Interest bearing deposits in banks		289,468			319,375			383,082			(93,614	)		(24	)
Trading account securities		106,858			83,657			95,920			10,938			11
Loans held for sale		777,843			461,647			559,017			218,826			39
Investment securities		8,803,718			8,587,914			5,934,704			2,869,014			48
Loans and leases ⁽¹⁾		36,969,695			36,790,663			38,494,889			(1,525,194	)		(4	)
Allowance for loan and lease losses		(1,402,160	)		(1,482,479	)		(917,680	)		(484,480	)		53

Net loans and leases		35,567,535			35,308,184			37,577,209			(2,009,674	)		(5	)

Bank owned life insurance		1,436,433			1,412,333			1,391,045			45,388			3
Premises and equipment		492,859			496,021			503,877			(11,018	)		(2	)
Goodwill		444,268			444,268			447,879			(3,611	)		(1	)
Other intangible assets		258,811			289,098			322,467			(63,656	)		(20	)
Accrued income and other assets		2,467,269			2,630,824			2,089,448			377,821			18


Total Assets	$	51,770,838		$	51,554,665		$	51,397,252		$	373,586			1	%


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	39,848,507		$	40,493,927		$	39,165,132		$	683,375			2	%
Short-term borrowings		1,093,218			876,241			862,056			231,162			27
Federal Home Loan Bank advances		599,798			168,977			926,937			(327,139	)		(35	)
Other long-term debt		2,569,934			2,369,491			2,508,144			61,790			2
Subordinated notes		1,195,210			1,264,202			1,672,887			(477,677	)		(29	)
Accrued expenses and other liabilities		1,025,735			1,045,825			1,041,574			(15,839	)		(2	)

Total Liabilities		46,332,402			46,218,663			46,176,730			155,672			—


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		1,333,433			1,325,008			1,316,854			16,579			1

8.50% Series A Non-cumulative Perpetual Convertible Preferred Stock, par value and liquidation value per share of $1,000		362,507			362,507			362,507			—			—

Common stock —

Par value of $0.01		7,175			7,167			5,696			1,479			26
Capital surplus		6,739,069			6,731,796			6,134,590			604,479			10
Less treasury shares at cost		(9,235	)		(11,465	)		(12,223	)		2,988			(24	)
Accumulated other comprehensive income (loss):
Unrealized losses on investment securities		(33,901	)		(103,382	)		(127,124	)		93,223			(73	)
Unrealized gains on cash flow hedging derivatives		59,639			58,865			14,220			45,419			N.M.
Pension and other postretirement benefit adjustments		(110,136	)		(112,468	)		(160,621	)		50,485			(31	)
Retained (deficit) earnings		(2,910,115	)		(2,922,026	)		(2,313,377	)		(596,738	)		26

Total Shareholders’ Equity		5,438,436			5,336,002			5,220,522			217,914			4


Total Liabilities and Shareholders’ Equity	$	51,770,838		$	51,554,665		$	51,397,252		$	373,586			1	%


Common shares authorized (Par value of $0.01)		1,500,000,000			1,000,000,000			1,000,000,000
Common shares issued		717,487,003			716,741,249			569,646,682
Common shares outstanding		716,622,592			715,761,672			568,741,245
Treasury shares outstanding		864,411			979,577			905,437
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		1,760,578			1,760,578			1,760,578


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


	2010								2009
(in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
	*(Unaudited)*				(Unaudited)								(Unaudited)				(Unaudited)
Ending Balances by Type
Commercial: ⁽¹⁾
Commercial and industrial ⁽²⁾	$	12,392	34	%	$	12,245	33	%	$	12,888	35	%	$	12,547	34	%	$	13,320	35	%
Commercial real estate:
Construction		1,106	3			1,443	4			1,469	4			1,815	5			1,857	5
Commercial ⁽²⁾		6,078	16			6,013	16			6,220	17			6,900	18			7,089	18

Commercial real estate ⁽²⁾		7,184	19			7,456	20			7,689	21			8,715	23			8,946	23

Total commercial		19,576	53			19,701	53			20,577	56			21,262	57			22,266	58

Consumer:
Automobile loans ⁽³⁾		4,712	13			4,212	11			3,144	9			2,939	8			2,855	7
Automobile leases		135	—			191	1			246	1			309	1			383	1
Home equity		7,510	20			7,514	20			7,563	21			7,576	20			7,631	20
Residential mortgage		4,354	12			4,614	12			4,510	12			4,468	12			4,646	12

Other loans		683	2			700	3			751	1			750	2			714	2

Total consumer		17,394	47			17,231	47			16,214	44			16,042	43			16,229	42

Total loans and leases	$	36,970	100	%	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%	$	38,495	100	%


Ending Balances by Business Segment
Retail and Business Banking	$	14,521	39	%	$	14,347	39	%	$	14,394	39	%	$	14,435	39	%	$	14,871	39	%
Commercial Banking		7,411	20			7,310	20			7,439	20			7,677	21			7,830	20
Commercial Real Estate		6,861	19			7,152	19			7,525	20			7,947	21			8,232	21
Auto Finance and Dealer Services		6,070	16			5,582	15			4,609	13			4,330	12			4,559	12
Private Financial Group		2,107	6			2,047	6			2,380	7			2,450	6			2,531	7
Treasury / Other⁽⁴⁾		—	—			494	1			444	1			465	1			472	1

Total loans and leases	$	36,970	100	%	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%	$	38,495	100	%


	2010								2009
	Second				First				Fourth				Third				Second
Average Balances by Business Segment
Retail and Business Banking	$	14,393	39	%	$	14,294	39	%	$	14,319	39	%	$	14,553	38	%	$	14,847	38	%
Commercial Banking		7,342	20			7,382	20			7,539	20			7,805	21			8,011	21
Commercial Real Estate		7,040	19			7,358	20			7,857	21			8,151	22			8,426	22
Auto Finance and Dealer Services		5,848	16			5,456	15			4,494	12			4,381	12			4,725	12
Private Financial Group		2,062	5			2,059	5			2,425	7			2,494	6			2,509	6
Treasury / Other⁽⁴⁾		404	1			431	1			455	1			471	1			489	1

Total loans and leases	$	37,089	100	%	$	36,980	100	%	$	37,089	100	%	$	37,855	100	%	$	39,007	100	%


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

⁽²⁾		The 2009 fourth quarter reflected net reclassifications from commercial real estate loans to commercial and industrial loans of $589.0 million.

⁽³⁾		The 2010 first quarter included an increase of $730.5 million resulting from the adoption of a new accounting standard to consolidate a previously off-balance automobile loan securitization transaction.

⁽⁴⁾		Comprised primarily of Franklin loans.

Huntington Bancshares Incorporated
Deposits Composition


	2010								2009
(in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
	*(Unaudited)*				(Unaudited)								(Unaudited)				(Unaudited)

Ending Balances by Type
Demand deposits — non-interest bearing	$	6,463	16	%	$	6,938	17	%	$	6,907	17	%	$	6,306	16	%	$	6,169	16	%
Demand deposits — interest bearing		5,850	15			5,948	15			5,890	15			5,401	14			4,842	12
Money market deposits		11,437	29			10,644	26			9,485	23			8,548	21			6,622	17
Savings and other domestic deposits		4,652	12			4,666	12			4,652	11			4,631	12			4,859	12
Core certificates of deposit		8,974	23			9,441	23			10,453	26			11,205	28			12,197	31

Total core deposits		37,376	95			37,637	93			37,387	92			36,091	91			34,689	88
Other domestic deposits of $250,000 or more		678	2			684	2			652	2			689	2			846	2
Brokered deposits and negotiable CDs		1,373	3			1,605	4			2,098	5			2,630	7			3,229	8
Deposits in foreign offices		422	—			377	1			357	1			419	—			401	2

Total deposits	$	39,849	100	%	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%	$	39,165	100	%


Total core deposits:
Commercial	$	11,515	31	%	$	11,844	31	%	$	11,368	30	%	$	10,884	30	%	$	9,738	28	%
Personal		25,861	69			25,793	69			26,019	70			25,207	70			24,951	72

Total core deposits	$	37,376	100	%	$	37,637	100	%	$	37,387	100	%	$	36,091	100	%	$	34,689	100	%


Ending Balances by Business Segment
Retail and Business Banking	$	28,861	72	%	$	28,658	71	%	$	28,877	71	%	$	28,136	71	%	$	27,897	71	%
Commercial Banking		6,230	16			6,465	16			6,031	15			6,363	16			5,712	15
Commercial Real Estate		626	2			566	1			535	1			532	1			484	1
Auto Finance and Dealer Services		99	—			87	—			83	—			98	—			86	—
Private Financial Group		3,046	8			3,349	8			3,409	8			2,843	7			2,618	7
Treasury / Other⁽¹⁾		987	2			1,178	4			1,559	5			1,857	5			2,368	6

Total deposits	$	39,849	100	%	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%	$	39,165	100	%


	2010								2009
	Second				First				Fourth				Third				Second
Average Balances by Business Segment
Retail and Business Banking	$	28,892	72	%	$	28,645	71	%	$	28,709	71	%	$	27,892	70	%	$	27,832	70	%
Commercial Banking		6,411	16			6,435	16			6,133	15			6,084	15			6,085	15
Commercial Real Estate		580	1			553	1			525	1			504	1			473	1
Auto Finance and Dealer Services		93	—			83	—			85	—			95	—			74	—
Private Financial Group		3,294	8			3,181	9			3,032	9			2,778	8			2,402	7
Treasury / Other⁽¹⁾		1,097	3			1,326	3			1,730	4			2,240	6			2,668	7

Total deposits	$	40,367	100	%	$	40,223	100	%	$	40,214	100	%	$	39,593	100	%	$	39,534	100	%


⁽¹⁾		Comprised primarily of national market deposits.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


																Change
Fully-taxable equivalent basis	2010						2009									2Q10 vs 2Q09
(in millions)	Second			First			Fourth			Third			Second			Amount			Percent
Assets
Interest bearing deposits in banks	$	309		$	348		$	329		$	393		$	369		$	(60	)		(16	)%
Trading account securities		127			96			110			107			88			39			44
Federal funds sold and securities purchased under resale agreements		—			—			15			7			—			—			—
Loans held for sale		323			346			470			524			709			(386	)		(54	)
Investment securities:
Taxable		8,367			8,025			8,695			6,510			5,181			3,186			61
Tax-exempt		391			445			139			129			126			265			N.M.

Total investment securities		8,758			8,470			8,834			6,639			5,307			3,451			65
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		12,244			12,314			12,570			12,922			13,523			(1,279	)		(9	)
Commercial real estate:
Construction		1,279			1,409			1,651			1,808			1,946			(667	)		(34	)
Commercial		6,085			6,268			6,807			7,071			7,253			(1,168	)		(16	)

Commercial real estate		7,364			7,677			8,458			8,879			9,199			(1,835	)		(20	)

Total commercial		19,608			19,991			21,028			21,801			22,722			(3,114	)		(14	)

Consumer:
Automobile loans		4,472			4,031			3,050			2,886			2,867			1,605			56
Automobile leases		162			219			276			344			423			(261	)		(62	)

Automobile loans and leases		4,634			4,250			3,326			3,230			3,290			1,344			41
Home equity		7,544			7,539			7,561			7,581			7,640			(96	)		(1	)
Residential mortgage		4,608			4,477			4,417			4,487			4,657			(49	)		(1	)
Other loans		695			723			757			756			698			(3	)		—

Total consumer		17,481			16,989			16,061			16,054			16,285			1,196			7

Total loans and leases		37,089			36,980			37,089			37,855			39,007			(1,918	)		(5	)
Allowance for loan and lease losses		(1,506	)		(1,510	)		(1,029	)		(950	)		(930	)		(576	)		62

Net loans and leases		35,583			35,470			36,060			36,905			38,077			(2,494	)		(7	)

Total earning assets		46,606			46,240			46,847			45,525			45,480			1,126			2

Cash and due from banks		1,509			1,761			1,947			2,553			2,466			(957	)		(39	)
Intangible assets		710			725			737			755			780			(70	)		(9	)
All other assets		4,384			4,486			3,956			3,797			3,701			683			18

Total Assets	$	51,703		$	51,702		$	52,458		$	51,680		$	51,497		$	206			—	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing	$	6,849		$	6,627		$	6,466		$	6,186		$	6,021		$	828			14	%
Demand deposits — interest-bearing		5,971			5,716			5,482			5,140			4,547			1,424			31
Money market deposits		11,103			10,340			9,271			7,601			6,355			4,748			75
Savings and other domestic deposits		4,677			4,613			4,686			4,771			5,031			(354	)		(7	)
Core certificates of deposit		9,199			9,976			10,867			11,646			12,501			(3,302	)		(26	)

Total core deposits		37,799			37,272			36,772			35,344			34,455			3,344			10
Other domestic deposits of $250,000 or more		661			698			667			747			886			(225	)		(25	)
Brokered deposits and negotiable CDs		1,505			1,843			2,353			3,058			3,740			(2,235	)		(60	)
Deposits in foreign offices		402			410			422			444			453			(51	)		(11	)

Total deposits		40,367			40,223			40,214			39,593			39,534			833			2
Short-term borrowings		966			927			879			879			879			87			10
Federal Home Loan Bank advances		212			179			681			924			947			(735	)		(78	)
Subordinated notes and other long-term debt		3,836			4,062			3,908			4,136			4,640			(804	)		(17	)

Total interest bearing liabilities		38,532			38,764			39,216			39,346			39,979			(1,447	)		(4	)

All other liabilities		924			947			1,042			863			569			355			62
Shareholders’ equity		5,398			5,364			5,734			5,285			4,928			470			10

Total Liabilities and Shareholders’ Equity	$	51,703		$	51,702		$	52,458		$	51,680		$	51,497		$	206			—	%


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)


	2010						2009
Fully-taxable equivalent basis ⁽¹⁾	Second			First			Fourth			Third			Second
Assets
Interest bearing deposits in banks		0.20	%		0.18	%		0.16	%		0.28	%		0.37	%
Trading account securities		1.74			2.15			1.89			1.96			2.22
Federal funds sold and securities purchased under resale agreements		—			—			0.03			0.14			0.82
Loans held for sale		5.02			4.98			5.13			5.20			5.19
Investment securities:
Taxable		2.85			2.94			3.20			3.99			4.63
Tax-exempt		4.60			4.35			6.31			6.77			6.83

Total investment securities		2.93			3.01			3.25			4.04			4.69
Loans and leases:⁽³⁾
Commercial:
Commercial and industrial		5.31			5.60			5.20			5.19			5.00
Commercial real estate:
Construction		2.61			2.66			2.63			2.61			2.78
Commercial		3.69			3.60			3.40			3.43			3.56

Commercial real estate		3.49			3.43			3.25			3.26			3.39

Total commercial		4.63			4.76			4.41			4.40			4.35

Consumer:
Automobile loans		6.46			6.64			7.15			7.34			7.28
Automobile leases		6.58			6.41			6.40			6.25			6.12

Automobile loans and leases		6.46			6.63			7.09			7.22			7.13
Home equity		5.26			5.59			5.82			5.75			5.75
Residential mortgage		4.70			4.89			5.04			5.03			5.12
Other loans		6.84			7.00			6.90			7.21			8.22

Total consumer		5.49			5.73			5.92			5.91			5.95

Total loans and leases		5.04			5.21			5.07			5.04			5.02

Total earning assets		4.63	%		4.82	%		4.70	%		4.86	%		4.99	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest-bearing		0.22			0.22			0.22			0.22			0.18
Money market deposits		0.93			1.00			1.21			1.20			1.14
Savings and other domestic deposits		1.07			1.19			1.27			1.33			1.37
Core certificates of deposit		2.68			2.93			3.07			3.27			3.50

Total core deposits		1.33			1.51			1.71			1.88			2.06
Other domestic deposits of $250,000 or more		1.37			1.44			1.88			2.24			2.61
Brokered deposits and negotiable CDs		2.56			2.49			2.52			2.49			2.54
Deposits in foreign offices		0.19			0.19			0.18			0.20			0.20

Total deposits		1.37			1.55			1.75			1.92			2.11
Short-term borrowings		0.21			0.21			0.24			0.25			0.26
Federal Home Loan Bank advances		1.93			2.71			1.01			0.92			1.13
Subordinated notes and other long-term debt		2.05			2.25			2.67			2.58			2.91

Total interest bearing liabilities		1.41	%		1.60	%		1.80	%		1.93	%		2.14	%


Net interest rate spread		3.22	%		3.22	%		2.90	%		2.93	%		2.85	%
Impact of noninterest bearing funds on margin		0.24			0.25			0.29			0.27			0.25

Net interest margin		3.46	%		3.47	%		3.19	%		3.20	%		3.10	%


⁽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)


	2010						2009									2Q10 vs 2Q09
(in thousands, except per share amounts)	Second			First			Fourth			Third			Second			Amount			Percent
Interest income	$	535,653		$	546,779		$	551,335		$	553,846		$	563,004		$	(27,351	)		(5	)%
Interest expense		135,997			152,886			177,271			191,027			213,105			(77,108	)		(36	)

Net interest income		399,656			393,893			374,064			362,819			349,899			49,757			14
Provision for credit losses		193,406			235,008			893,991			475,136			413,707			(220,301	)		(53	)

Net interest income (loss) after provision for credit losses		206,250			158,885			(519,927	)		(112,317	)		(63,808	)		270,058			N.M.

Service charges on deposit accounts		75,934			69,339			76,757			80,811			75,353			581			1
Brokerage and insurance income		36,498			35,762			32,173			33,996			32,052			4,446			14
Mortgage banking income		45,530			25,038			24,618			21,435			30,827			14,703			48
Trust services		28,399			27,765			27,275			25,832			25,722			2,677			10
Electronic banking		28,107			25,137			25,173			28,017			24,479			3,628			15
Bank owned life insurance income		14,392			16,470			14,055			13,639			14,266			126			1
Automobile operating lease income		11,842			12,303			12,671			12,795			13,116			(1,274	)		(10	)
Securities gains (losses)		156			(31	)		(2,602	)		(2,374	)		(7,340	)		7,496			N.M.
Other income		28,785			29,069			34,426			41,901			57,470			(28,685	)		(50	)

Total noninterest income		269,643			240,852			244,546			256,052			265,945			3,698			1

Personnel costs		194,875			183,642			180,663			172,152			171,735			23,140			13
Outside data processing and other services		40,670			39,082			36,812			38,285			40,006			664			2
Deposit and other insurance expense		26,067			24,755			24,420			23,851			48,138			(22,071	)		(46	)
Net occupancy		25,388			29,086			26,273			25,382			24,430			958			4
OREO and foreclosure expense		4,970			11,530			18,520			38,968			26,524			(21,554	)		(81	)
Equipment		21,585			20,624			20,454			20,967			21,286			299			1
Professional services		24,388			22,697			25,146			18,108			16,658			7,730			46
Amortization of intangibles		15,141			15,146			17,060			16,995			17,117			(1,976	)		(12	)
Automobile operating lease expense		9,667			10,066			10,440			10,589			11,400			(1,733	)		(15	)
Marketing		17,682			11,153			9,074			8,259			7,491			10,191			N.M.
Telecommunications		6,205			6,171			6,099			5,902			6,088			117			2
Printing and supplies		3,893			3,673			3,807			3,950			4,151			(258	)		(6	)
Goodwill impairment		—			—			—			—			4,231			(4,231	)		N.M.
Gain on early extinguishment of debt⁽²⁾		—			—			(73,615	)		(60	)		(73,038	)		73,038			N.M.
Other expense		23,279			20,468			17,443			17,749			13,765			9,514			69

Total noninterest expense		413,810			398,093			322,596			401,097			339,982			73,828			22

Income (Loss) before income taxes		62,083			1,644			(597,977	)		(257,362	)		(137,845	)		199,928			N.M.
Provision (Benefit) for income taxes		13,319			(38,093	)		(228,290	)		(91,172	)		(12,750	)		26,069			N.M.

Net income (loss)	$	48,764		$	39,737		$	(369,687	)	$	(166,190	)	$	(125,095	)	$	173,859			N.M.	%


Dividends on preferred shares		29,426			29,357			29,289			29,223			57,451			(28,025	)		(49	)


Net income (loss) applicable to common shares	$	19,338		$	10,380		$	(398,976	)	$	(195,413	)	$	(182,546	)	$	201,884			N.M.	%


Average common shares — basic		716,580			716,320			715,336			589,708			459,246			257,334			56	%
Average common shares — diluted ⁽³⁾		719,387			718,593			715,336			589,708			459,246			260,141			57

Per common share
Net income (loss) — basic	$	0.03		$	0.01		$	(0.56	)	$	(0.33	)	$	(0.40	)	$	0.43			N.M.	%
Net income (loss) — diluted		0.03			0.01			(0.56	)		(0.33	)		(0.40	)		0.43			N.M.
Cash dividends declared		0.01			0.01			0.01			0.01			0.01			—			—

Return on average total assets		0.38	%		0.31	%		(2.80	)%		(1.28	)%		(0.97	)%		1.35	%		N.M.
Return on average total shareholders’ equity		3.6			3.0			(25.6	)		(12.5	)		(10.2	)		13.8			N.M.
Return on average tangible shareholders’ equity ⁽⁴⁾		4.9			4.2			(27.9	)		(13.3	)		(10.3	)		15.2			N.M.
Net interest margin ⁽⁵⁾		3.46			3.47			3.19			3.20			3.10			0.36			12
Efficiency ratio ⁽⁶⁾		59.4			60.1			49.0			61.4			51.0			8.4			16
Effective tax rate (benefit)		21.5			N.M.			(38.2	)		(35.4	)		(9.2	)		30.7			N.M.

Revenue — fully-taxable equivalent (FTE)
Net interest income	$	399,656		$	393,893		$	374,064		$	362,819		$	349,899		$	49,757			14
FTE adjustment		2,490			2,248			2,497			4,177			1,216			1,274			N.M.

Net interest income⁽⁵⁾		402,146			396,141			376,561			366,996			351,115			51,031			15
Noninterest income		269,643			240,852			244,546			256,052			265,945			3,698			1

Total revenue⁽⁵⁾	$	671,789		$	636,993		$	621,107		$	623,048		$	617,060		$	54,729			9	%


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⁾		The 2009 fourth quarter gain related to the purchase of certain subordinated bank notes. The 2009 second quarter gain included $67.4 million related to the purchase of certain trust preferred securities.

⁽³⁾		For all the quarterly periods presented above, the impact of the convertible preferred stock issued in 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.

⁽⁴⁾		Net income (loss) excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average stockerholders’ 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.

⁽⁵⁾		On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁶⁾		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)


	2010						2009									2Q10 vs 2Q09
(in thousands, except as noted)	Second			First			Fourth			Third			Second			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	19,778		$	13,586		$	16,473		$	16,491		$	31,782		$	(12,004	)		(38)	%
Servicing fees		12,178			12,418			12,289			12,320			12,045			133			1
Amortization of capitalized servicing⁽¹⁾		(10,137	)		(10,065	)		(10,791	)		(10,050	)		(14,445	)		4,308			(30	)
Other mortgage banking income		3,664			3,210			4,466			4,109			5,381			(1,717	)		(32	)
Sub-total		25,483			19,149			22,437			22,870			34,763			(9,280	)		(27	)

MSR valuation adjustment ⁽¹⁾		(26,221	)		(5,772	)		15,491			(17,348	)		46,551			(72,772	)		N.M.
Net trading gains (losses) related to MSR hedging		46,268			11,661			(13,310	)		15,913			(50,487	)		96,755			N.M.

Total mortgage banking income	$	45,530		$	25,038		$	24,618		$	21,435		$	30,827		$	14,703			48	%


Mortgage originations (in millions)	$	1,161		$	869		$	1,131		$	998		$	1,587		$	(426	)		(27)	%
Average trading account securities used to hedge MSRs (in millions)		28			18			19			19			20			8			40
Capitalized mortgage servicing rights⁽²⁾		179,138			207,552			214,592			200,969			219,282			(40,144	)		(18	)
Total mortgages serviced for others (in millions)⁽²⁾		15,954			15,968			16,010			16,145			16,246			(292	)		(2	)
MSR % of investor servicing portfolio		1.12	%		1.30	%		1.34	%		1.24	%		1.35	%		(0.23	)%		(17	)


Net Impact of MSR Hedging
MSR valuation adjustment⁽¹⁾	$	(26,221	)	$	(5,772	)	$	15,491		$	(17,348	)	$	46,551		$	(72,772	)		N.M.	%
Net trading gains (losses) related to MSR hedging		46,268			11,661			(13,310	)		15,913			(50,487	)		96,755			N.M.
Net interest income related to MSR hedging		58			169			168			191			199			(141	)		(71	)

Net impact of MSR hedging	$	20,105		$	6,058		$	2,349		$	(1,244	)	$	(3,737	)	$	23,842			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)


	2010						2009
(in thousands)	Second			First			Fourth			Third			Second

Allowance for loan and lease losses, beginning of period	$	1,477,969		$	1,482,479		$	1,031,971		$	917,680		$	838,549

Loan and lease losses		(312,954	)		(264,222	)		(471,486	)		(377,443	)		(359,444	)
Recoveries of loans previously charged off		33,726			25,741			26,739			21,501			25,037

Net loan and lease losses		(279,228	)		(238,481	)		(444,747	)		(355,942	)		(334,407	)

Provision for loan and lease losses		203,633			233,971			895,255			472,137			413,538
Allowance of assets sold		(214	)		—			—			—			—
Allowance for loans transferred to held-for-sale		—			—			—			(1,904	)		—

Allowance for loan and lease losses, end of period	$	1,402,160		$	1,477,969		$	1,482,479		$	1,031,971		$	917,680


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	49,916		$	48,879		$	50,143		$	47,144		$	46,975

(Reduction in) Provision for unfunded loan commitments and letters of credit losses		(10,227	)		1,037			(1,264	)		2,999			169

Allowance for unfunded loan commitments and letters of credit, end of period	$	39,689		$	49,916		$	48,879		$	50,143		$	47,144


Total allowances for credit losses	$	1,441,849		$	1,527,885		$	1,531,358		$	1,082,114		$	964,824


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		3.79	%		4.00	%		4.03	%		2.77	%		2.38	%
Nonaccrual loans and leases (NALs)		117			84			77			47			50
Nonperforming assets (NPAs)		89			77			72			44			46

Total allowances for credit losses (ACL) as % of:
Total loans and leases		3.90	%		4.14	%		4.16	%		2.90	%		2.51	%
Nonaccrual loans and leases		120			87			80			50			53
Nonperforming assets		91			80			74			46			48

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


	2010						2009
(in thousands)	Second			First			Fourth			Third			Second

Net charge-offs by loan and lease type:
Commercial and industrial	$	58,128		$	75,439		$	109,816		$	68,842	⁽¹⁾	$	98,300	⁽²⁾
Commercial real estate:
Construction		45,562			34,426			85,345			50,359			31,360
Commercial		36,169			50,873			172,759			118,866			141,261

Commercial real estate		81,731			85,299			258,104			169,225			172,621

Total commercial		139,859			160,738			367,920			238,067			270,921

Consumer:
Automobile loans		5,219			7,666			11,374			8,988			12,379
Automobile leases		217			865			1,554			1,753			2,227

Automobile loans and leases		5,436			8,531			12,928			10,741			14,606
Home equity		44,470	⁽³⁾		37,901			35,764			28,045			24,687
Residential mortgage		82,848	⁽⁴⁾		24,311			17,789			68,955	⁽⁵⁾		17,160
Other loans		6,615			7,000			10,346			10,134			7,033

Total consumer		139,369			77,743			76,827			117,875			63,486


Total net charge-offs	$	279,228		$	238,481		$	444,747		$	355,942		$	334,407


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial ^{(1), (2)}		1.90	%		2.45	%		3.49	%		2.13	%		2.91	%
Commercial real estate:
Construction		14.25			9.77			20.68			11.14			6.45
Commercial		2.38			3.25			10.15			6.72			7.79

Commercial real estate		4.44			4.44			12.21			7.62			7.51

Total commercial		2.85			3.22			7.00			4.37			4.77

Consumer:
Automobile loans		0.47			0.76			1.49			1.25			1.73
Automobile leases		0.54			1.58			2.25			2.04			2.11

Automobile loans and leases		0.47			0.80			1.55			1.33			1.78
Home equity ⁽³⁾		2.36			2.01			1.89			1.48			1.29
Residential mortgage^{(4), (5)}		7.19			2.17			1.61			6.15			1.47
Other loans		3.81			3.87			5.47			5.36			4.03

Total consumer		3.19			1.83			1.91			2.94			1.56


Net charge-offs as a % of average loans		3.01	%		2.58	%		4.80	%		3.76	%		3.43	%


⁽¹⁾		The 2009 third quarter included net recoveries totaling $4,080 thousand associated with the Franklin restructuring.

⁽²⁾		The 2009 second quarter included net recoveries totaling $9,884 thousand associated with the Franklin restructuring.

⁽³⁾		The 2010 second quarter included net charge-offs of $14,678 thousand associated with the transfer of Franklin-related loans to loans held for sale and $1,262 thousand of other Franklin-related net charge-offs.

⁽⁴⁾		The 2010 second quarter included net charge-offs of $60,822 thousand associated with the transfer of Franklin-related loans to loans held for sale and $3,403 thousand of other Franklin-related net charge-offs.

⁽⁵⁾		Effective with the 2009 third quarter, a change to accelerate the timing for when a partial charge-off is recognized was made. This change resulted in $31,952 thousand of charge-offs in the 2009 third quarter.

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


	2010						2009
(in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,

Nonaccrual loans and leases (NALs):
Commercial and industrial	$	429,561		$	511,588		$	578,414		$	612,701		$	456,734
Commercial real estate		663,103			826,781			935,812			1,133,661			850,846

Alt-A mortgages		15,119			13,368			11,362			9,810			25,861
Interest-only mortgages		13,811			8,193			7,445			8,336			17,428
Franklin residential mortgages		—			297,967			299,670			322,796			342,207
Other residential mortgages		57,556			53,422			44,153			49,579			89,992

Total residential mortgages		86,486			372,950			362,630			390,521			475,488
Home equity		22,199			54,789			40,122			44,182			35,299

Total nonaccrual loans and leases		1,201,349			1,766,108			1,916,978			2,181,065			1,818,367
Other real estate, net:
Residential		71,937			68,289			71,427			81,807			107,954
Commercial		67,189			83,971			68,717			60,784			64,976

Total other real estate, net		139,126			152,260			140,144			142,591			172,930
Impaired loans held for sale ⁽¹⁾		242,227			—			969			20,386			11,287

Total nonperforming assets	$	1,582,702		$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584


Nonperforming Franklin assets
Residential mortgage	$	—		$	297,967		$	299,670		$	322,796		$	342,207
OREO		24,515			24,423			23,826			30,996			43,623
Home Equity		—			31,067			15,004			15,704			2,437

Total nonperforming Franklin assets	$	24,515		$	353,457		$	338,500		$	369,496		$	388,267


NAL ratio ⁽²⁾		3.25	%		4.78	%		5.21	%		5.85	%		4.72	%

NPA ratio ⁽³⁾		4.24			5.17			5.57			6.26			5.18


	2010						2009
(in thousands)	Second			First			Fourth			Third			Second

Nonperforming assets, beginning of period	$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584		$	1,775,743
New nonperforming assets		171,595			237,914			494,607			899,855			750,318
Franklin impact, net		(86,715	)		14,957			(30,996	)		(18,771	)		(57,436	)
Returns to accruing status		(78,739	)		(80,840	)		(85,867	)		(52,498	)		(40,915	)
Loan and lease losses		(173,159	)		(185,387	)		(391,635	)		(305,405	)		(282,713	)
OREO gains (losses)		2,483			(4,160	)		(7,394	)		(30,623	)		(20,614	)
Payments		(140,881	)		(107,640	)		(222,790	)		(117,710	)		(95,124	)
Sales		(30,250	)		(14,567	)		(41,876	)		(33,390	)		(26,675	)


Nonperforming assets, end of period	$	1,582,702		$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584


⁽¹⁾		The June 30, 2010, figure represents NALs associated with the transfer of Franklin residential mortgage and home equity loans to loans held for sale. The September 30, 2009, figure primarily represents impaired residential mortgage loans held for sale. All other presented figures represent 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.

⁽²⁾		Nonaccrual loans and leases divided by total loans and leases.

⁽³⁾		Nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, and net other real estate.

Huntington Bancshares Incorporated
Quarterly Accruing Past Due Loans and Leases and Accruing Restructured Loans
(Unaudited)


	2010						2009
(in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,

Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	475		$	—		$	—		$	—
Commercial real estate		—			—			—			2,546			—
Residential mortgage (excluding loans guaranteed by the U.S. government)		47,036			72,702			78,915			65,716			97,937
Home equity		26,797			29,438			53,343			45,334			35,328
Other loans and leases		9,533			10,598			13,400			14,175			13,474

Total, excl. loans guaranteed by the U.S. government	$	83,366		$	113,213		$	145,658		$	127,771		$	146,739
Add: loans guaranteed by U.S. government		95,421			96,814			101,616			102,895			99,379

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	178,787		$	210,027		$	247,274		$	230,666		$	246,118

Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.23	%		0.31	%		0.40	%		0.34	%		0.38	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.26	%		0.28	%		0.28	%		0.26	%
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.49	%		0.57	%		0.68	%		0.62	%		0.64	%

Accruing restructured loans:
Commercial	$	141,353		$	117,667		$	157,049		$	153,010		$	267,975

Alt-A mortgages		57,993			57,897			57,278			58,367			46,657
Interest-only mortgages		7,794			8,413			7,890			10,072			12,147
Other residential mortgages		203,783			176,560			154,471			136,024			99,764

Total residential mortgages		269,570			242,870			219,639			204,463			158,568
Other		65,061			62,148			52,871			42,406			35,720

Total accruing restructured loans	$	475,984		$	422,685		$	429,559		$	399,879		$	462,263

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

Quarterly common stock summary


	2010				2009
(in thousands, except per share amounts)	Second		First		Fourth		Third		Second

Common stock price, per share
High ⁽¹⁾	$	7.400	$	5.810	$	4.770	$	4.970	$	6.180
Low⁽¹⁾		5.260		3.650		3.500		3.260		1.550
Close		5.540		5.390		3.650		4.710		4.180
Average closing price		6.130		4.840		3.970		4.209		3.727

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

Common shares outstanding
Average — basic		716,580		716,320		715,336		589,708		459,246
Average — diluted ⁽²⁾		719,387		718,593		715,336		589,708		459,246
Ending		716,623		716,557		715,762		714,469		568,741

Book value per common share	$	5.22	$	5.13	$	5.10	$	5.59	$	6.23
Tangible book value per common share ⁽³⁾		4.37		4.26		4.21		4.69		5.07

Capital data


	2010						2009
(in millions)	June 30,			March 31,			December 31,			September 30,			June 30,

Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,438		$	5,370		$	5,336		$	5,675		$	5,221
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(448	)
Less: other intangible assets		(259	)		(274	)		(289	)		(303	)		(322	)
Add: related deferred tax liability ⁽³⁾		91			95			101			106			112

Total tangible equity		4,826			4,747			4,704			5,034			4,563
Less: Preferred equity		(1,696	)		(1,692	)		(1,688	)		(1,683	)		(1,679	)

Total tangible common equity	$	3,130		$	3,055		$	3,016		$	3,351		$	2,884


Total assets	$	51,771		$	51,867		$	51,555		$	52,513		$	51,397
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(448	)
Less: other intangible assets		(259	)		(274	)		(289	)		(303	)		(322	)
Add: related deferred tax liability ⁽³⁾		91			95			101			106			112

Total tangible assets	$	51,159		$	51,244		$	50,923		$	51,872		$	50,739


Tangible equity / tangible asset ratio		9.43	%		9.26	%		9.24	%		9.71	%		8.99	%
Tangible common equity / tangible asset ratio		6.12			5.96			5.92			6.46			5.68

Other capital data:
Total risk-weighted assets	$	42,591		$	42,522		$	43,248		$	44,142		$	45,463

Tier 1 leverage ratio⁽⁴⁾		10.44	%		10.05	%		10.09	%		11.30	%		10.62	%
Tier 1 common risk-based capital ratio ⁽⁴⁾		7.04			6.53			6.69			7.82			6.80
Tier 1 risk-based capital ratio⁽⁴⁾		12.47			11.97			12.03			13.04			11.85
Total risk-based capital ratio⁽⁴⁾		14.73			14.28			14.41			16.23			14.94

Tangible equity / risk-weighted assets ratio		11.33			11.16			10.88			11.41			10.04

Other data:
Number of employees (full-time equivalent)		11,117			10,678			10,272			10,194			10,338
Number of domestic full-service branches⁽⁵⁾		617			617			611			610			610


⁽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 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⁾		June 30, 2010, figures are estimated. Based on an interim decision by the banking agencies on December 14, 2006, Huntington has excluded the impact of adopting ASC Topic 715, “Compensation — Retirement Benefits”, from the regulatory capital calculations.

⁽⁵⁾		Includes 9 Private Financial Group branches.

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)	2010			2009			Amount			Percent
Assets
Interest bearing deposits in banks	$	328		$	362		$	(34	)		(9	)%
Trading account securities		112			182			(70	)		(38	)
Federal funds sold and securities purchased under resale agreements		—			9			(9	)		N.M.
Loans held for sale		334			668			(334	)		(50	)
Investment securities:
Taxable		8,197			4,575			3,622			79
Tax-exempt		418			295			123			42

Total investment securities		8,615			4,870			3,745			77
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		12,279			13,532			(1,253	)		(9	)
Commercial real estate:
Construction		1,344			1,989			(645	)		(32	)
Commercial		6,176			7,664			(1,488	)		(19	)

Commercial real estate		7,520			9,653			(2,133	)		(22	)

Total commercial		19,799			23,185			(3,386	)		(15	)

Consumer:
Automobile loans		4,253			3,350			903			27
Automobile leases		190			470			(280	)		(60	)

Automobile loans and leases		4,443			3,820			623			16
Home equity		7,541			7,609			(68	)		(1	)
Residential mortgage		4,543			4,634			(91	)		(2	)
Other loans		709			683			26			4

Total consumer		17,236			16,746			490			3

Total loans and leases		37,035			39,931			(2,896	)		(7	)
Allowance for loan and lease losses		(1,508	)		(922	)		(586	)		64

Net loans and leases		35,527			39,009			(3,482	)		(9	)

Total earning assets		46,424			46,022			402			1

Cash and due from banks		1,634			2,012			(378	)		(19	)
Intangible assets		717			2,069			(1,352	)		(65	)
All other assets		4,436			3,637			799			22

Total Assets	$	51,703		$	52,818		$	(1,115	)		(2	)%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing	$	6,739		$	5,784		$	955			17	%
Demand deposits — interest-bearing		5,844			4,312			1,532			36
Money market deposits		10,723			5,975			4,748			79
Savings and other domestic deposits		4,645			5,036			(391	)		(8	)
Core certificates of deposit		9,586			12,643			(3,057	)		(24	)

Total core deposits		37,537			33,750			3,787			11
Other domestic deposits of $250,000 or more		680			977			(297	)		(30	)
Brokered deposits and negotiable CDs		1,673			3,596			(1,923	)		(53	)
Deposits in foreign offices		406			542			(136	)		(25	)

Total deposits		40,296			38,865			1,431			4
Short-term borrowings		947			988			(41	)		(4	)
Federal Home Loan Bank advances		196			1,677			(1,481	)		(88	)
Subordinated notes and other long-term debt		3,948			4,627			(679	)		(15	)

Total interest bearing liabilities		38,648			40,373			(1,725	)		(4	)

All other liabilities		935			591			344			58
Shareholders’ equity		5,381			6,070			(689	)		(11	)

Total Liabilities and Shareholders’ Equity	$	51,703		$	52,818		$	(1,115	)		(2	)%


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⁾	2010			2009
Assets
Interest bearing deposits in banks		0.19	%		0.41	%
Trading account securities		1.92			3.61
Federal funds sold and securities purchased under resale agreements		—			0.21
Loans held for sale		5.00			5.12
Investment securities:
Taxable		2.89			5.05
Tax-exempt		4.47			6.68

Total investment securities		2.97			5.15
Loans and leases ⁽³⁾:
Commercial:
Commercial and industrial		5.45			4.80
Commercial real estate:
Construction		2.64			2.77
Commercial		3.64			3.66

Commercial real estate		3.46			3.48

Total commercial		4.70			4.25

Consumer:
Automobile loans		6.55			7.23
Automobile leases		6.49			6.07

Automobile loans and leases		6.54			7.09
Home equity		5.42			5.44
Residential mortgage		4.79			5.41
Other loans		6.92			8.58

Total consumer		5.61			5.94

Total loans and leases		5.12			4.96

Total earning assets		4.72	%		5.00	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing		—	%		—	%
Demand deposits — interest-bearing		0.22			0.16
Money market deposits		0.96			1.09
Savings and other domestic deposits		1.13			1.43
Core certificates of deposit		2.81			3.66

Total core deposits		1.42			2.17
Other domestic deposits of $250,000 or more		1.41			2.78
Brokered deposits and negotiable CDs		2.52			2.74
Deposits in foreign offices		0.19			0.18

Total deposits		1.46			2.22
Short-term borrowings		0.21			0.26
Federal Home Loan Bank advances		2.28			1.06
Subordinated notes and other long-term debt		2.15			3.10

Total interest bearing liabilities		1.51			2.22


Net interest rate spread		3.21			2.78
Impact of noninterest bearing funds on margin		0.26			0.25

Net interest margin		3.47	%		3.03	%


⁽¹⁾		Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 15 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)	2010			2009			Amount			Percent
Interest income	$	1,082,432		$	1,132,961		$	(50,529	)		(4	)%
Interest expense		288,883			445,557			(156,674	)		(35	)

Net interest income		793,549			687,404			106,145			15
Provision for credit losses		428,414			705,544			(277,130	)		(39	)

Net interest income (loss) after provision for credit losses		365,135			(18,140	)		383,275			N.M.

Service charges on deposit accounts		145,273			145,231			42			—
Brokerage and insurance income		72,260			72,000			260			—
Mortgage banking income		70,568			66,245			4,323			7
Trust services		56,164			50,532			5,632			11
Electronic banking		53,244			46,961			6,283			13
Bank owned life insurance income		30,862			27,178			3,684			14
Automobile operating lease income		24,145			26,344			(2,199	)		(8	)
Securities gains (losses)		125			(5,273	)		5,398			N.M.
Other income		57,854			75,829			(17,975	)		(24	)

Total noninterest income		510,495			505,047			5,448			1

Personnel costs		378,517			347,667			30,850			9
Outside data processing and other services		79,752			72,998			6,754			9
Deposit and other insurance expense		50,822			65,559			(14,737	)		(22	)
Net occupancy		54,474			53,618			856			2
OREO and foreclosure expense		16,500			36,411			(19,911	)		(55	)
Equipment		42,209			41,696			513			1
Professional services		47,085			33,112			13,973			42
Amortization of intangibles		30,287			34,252			(3,965	)		(12	)
Automobile operating lease expense		19,733			22,331			(2,598	)		(12	)
Marketing		28,835			15,716			13,119			83
Telecommunications		12,376			11,978			398			3
Printing and supplies		7,566			7,723			(157	)		(2	)
Goodwill impairment		—			2,606,944			(2,606,944	)		N.M.
Gain on early extinguishment of debt ⁽²⁾		—			(73,767	)		73,767			N.M.
Other expense		43,747			33,513			10,234			31

Total noninterest expense		811,903			3,309,751			(2,497,848	)		(75	)

Income (Loss) before income taxes		63,727			(2,822,844	)		2,886,571			N.M.
Benefit for income taxes		(24,774	)		(264,542	)		239,768			(91	)

Net income (loss)	$	88,501		$	(2,558,302	)	$	2,646,803			N.M.	%


Dividends declared on preferred shares		58,783			116,244			(57,461	)		(49	)


Net income (loss) applicable to common shares	$	29,718		$	(2,674,546	)	$	2,704,264			N.M.	%


Average common shares — basic		716,450			413,083			303,367			73	%
Average common shares — diluted ⁽³⁾		718,990			413,083			305,907			74

Per common share
Net income (loss) per common share — basic	$	0.04		$	(6.47	)	$	6.51			N.M.	%
Net income (loss) per common share — diluted		0.04			(6.47	)		6.51			N.M.
Cash dividends declared		0.02			0.02			—			—

Return on average total assets		0.35	%		(9.77	)%		10.12	%		N.M.	%
Return on average total shareholders’ equity		3.3			(85.0	)		88.3			N.M.
Return on average tangible shareholders’ equity ⁽⁴⁾		4.6			3.5			1.1			31
Net interest margin ⁽⁵⁾		3.47			3.03			0.44			15
Efficiency ratio ⁽⁶⁾		59.7			55.6			4.1			7
Effective tax rate (benefit)		(38.9	)		(9.4	)		(29.5	)		N.M.

Revenue — fully taxable equivalent (FTE)
Net interest income	$	793,549		$	687,404		$	106,145			15	%
FTE adjustment ⁽⁵⁾		4,738			4,798			(60	)		(1	)

Net interest income		798,287			692,202			106,085			15
Noninterest income		510,495			505,047			5,448			1

Total revenue	$	1,308,782		$	1,197,249		$	111,533			9	%


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⁾		The 2009 gain included $73.6 million related to the purchase of certain subordinated bank notes and $67.4 million related to the purchase of certain trust preferred securities.

⁽³⁾		For the periods presented above, the impact of the convertible preferred stock issued in 2008 was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the period.

⁽⁴⁾		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.

⁽⁵⁾		On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁶⁾		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
Year to Date Mortgage Banking Income
(Unaudited)


	Six Months Ended June 30,						Change
(in thousands, except as noted)	2010			2009			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	33,364		$	61,747		$	(28,383	)		(46	)%
Servicing fees		24,596			23,885			711			3
Amortization of capitalized servicing⁽¹⁾		(20,202	)		(26,730	)		6,528			(24	)
Other mortgage banking income		6,874			14,785			(7,911	)		(54	)

Sub-total		44,632			73,687			(29,055	)		(39	)
MSR valuation adjustment ⁽¹⁾		(31,993	)		36,162			(68,155	)		N.M.
Net trading gains (losses) related to MSR hedging		57,929			(43,604	)		101,533			N.M.

Total mortgage banking income	$	70,568		$	66,245		$	4,323			7	%


Mortgage originations (in millions)	$	2,030		$	3,133			(1,103	)		(35	)%
Average trading account securities used to hedge MSRs (in millions)		23			121			(98	)		(81	)
Capitalized mortgage servicing rights⁽²⁾		179,138			219,282			(40,144	)		(18	)
Total mortgages serviced for others (in millions)⁽²⁾		15,954			16,246			(292	)		(2	)
MSR % of investor servicing portfolio		1.12	%		1.35	%		(0.23	)%		(17	)


Net Impact of MSR Hedging
MSR valuation adjustment⁽¹⁾	$	(31,993	)	$	36,162		$	(68,155	)		N.M.	%
Net trading gains (losses) related to MSR hedging		57,929			(43,604	)		101,533			N.M.
Net interest income related to MSR hedging		227			2,640			(2,413	)		(91	)

Net impact of MSR hedging	$	26,163		$	(4,802	)	$	30,965			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
Year to Date Credit Reserves Analysis
(Unaudited)


	Six Months Ended June 30,
(in thousands)	2010			2009

Allowance for loan and lease losses, beginning of period	$	1,482,479		$	900,227

Loan and lease losses		(577,176	)		(712,449	)
Recoveries of loans previously charged off		59,467			36,551

Net loan and lease losses		(517,709	)		(675,898	)

Provision for loan and lease losses		437,604			702,539
Allowance of assets sold		(214	)		(9,188	)
Allowance for loans transferred to held-for-sale		—			—

Allowance for loan and lease losses, end of period	$	1,402,160		$	917,680


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	48,879		$	44,139

(Reduction in) Provision for unfunded loan commitments and letters of credit losses		(9,190	)		3,005

Allowance for unfunded loan commitments and letters of credit, end of period	$	39,689		$	47,144


Total allowances for credit losses	$	1,441,849		$	964,824


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		3.79	%		2.38	%
Nonaccrual loans and leases (NALs)		117			50
Nonperforming assets (NPAs)		89			46

Total allowances for credit losses (ACL) as % of:
Total loans and leases		3.90	%		2.51	%
Nonaccrual loans and leases (NALs)		120			53
Nonperforming assets (NPAs)		91			48

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


	Six Months Ended June 30,
(in thousands)	2010			2009

Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	133,567		$	308,948	⁽¹⁾
Commercial real estate:
Construction		79,988			57,002
Commercial		87,042			198,400

Commercial real estate		167,030			255,402

Total commercial		300,597			564,350

Consumer:
Automobile loans		12,885			27,350
Automobile leases		1,082			5,313

Automobile loans and leases		13,967			32,663
Home equity		82,371	⁽²⁾		42,367
Residential mortgage		107,159	⁽³⁾		23,458
Other loans		13,615			13,060

Total consumer		217,112			111,548


Total net charge-offs	$	517,709		$	675,898


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial ⁽¹⁾		2.18	%		4.57	%
Commercial real estate:
Construction		11.90			5.73
Commercial		2.82			5.18

Commercial real estate		4.44			5.29

Total commercial		3.04			4.87

Consumer:
Automobile loans		0.61			1.63
Automobile leases		1.14			2.26

Automobile loans and leases		0.63			1.71
Home equity ⁽²⁾		2.18			1.11
Residential mortgage ⁽³⁾		4.72			1.01
Other loans		3.84			3.82

Total consumer		2.52			1.33


Net charge-offs as a % of average loans		2.80	%		3.39	%


⁽¹⁾		The 2009 first six-month period included net charge-offs associated with the Franklin relationship totaling $118,454 thousand.

⁽²⁾		The 2010 first six-month period included net charge-offs of $14,678 thousand associated with the transfer of Franklin-related loans to loans held for sale and $4,991 thousand of other Franklin-related net charge-offs.

⁽³⁾		The 2010 first six-month period included net charge-offs of $60,822 thousand associated with the transfer of Franklin-related loans to loans held for sale and $11,525 thousand of other Franklin-related net charge-offs.

Huntington Bancshares Incorporated
Nonperforming Assets (NPAs)
(Unaudited)


	June 30,
(in thousands)	2010			2009

Nonaccrual loans and leases (NALs):
Commercial and industrial	$	429,561		$	456,734
Commercial real estate		663,103			850,846

Alt-A mortgages		15,119			25,861
Interest-only mortgages		13,811			17,428
Franklin residential mortgages		—			342,207
Other residential mortgages		57,556			89,992

Residential mortgage		86,486			475,488
Home equity		22,199			35,299


Total nonaccrual loans and leases		1,201,349			1,818,367
Other real estate, net:
Residential		71,937			107,954
Commercial		67,189			64,976

Total other real estate, net		139,126			172,930
Impaired loans held for sale ⁽¹⁾		242,227			11,287

Total nonperforming assets	$	1,582,702		$	2,002,584


Nonperforming Franklin assets
Residential mortgage	$	—		$	342,207
OREO		24,515			43,623
Home Equity		—			2,437

Total nonperforming Franklin assets	$	24,515		$	388,267


NAL ratio ⁽²⁾		3.25	%		4.72	%

NPA ratio ⁽³⁾		4.24			5.18


	Six Months Ended June 30,
(in thousands)	2010			2009

Nonperforming assets, beginning of period	$	2,058,091		$	1,636,646
New nonperforming assets		409,509			1,372,833
Franklin impact, net		(71,758	)		(261,959	)
Returns to accruing status		(159,579	)		(76,971	)
Loan and lease losses		(358,546	)		(451,095	)
OREO losses		(1,677	)		(24,648	)
Payments		(248,521	)		(156,576	)
Sales		(44,817	)		(35,646	)

Nonperforming assets, end of period	$	1,582,702		$	2,002,584


⁽¹⁾		The June 30, 2010, figure represents NALs associated with the transfer of Franklin residential mortgage and home equity loans to loans held for sale. The June 30, 2009, figure 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.

⁽²⁾		Nonaccrual loans and leases divided by total loans and leases.

⁽³⁾		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
Year to Date Accruing Past Due Loans and Leases and Accruing Restructured Loans
(Unaudited)


	June 30,
(in thousands)	2010			2009

Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	—
Commercial real estate		—			—
Residential mortgage (excluding loans guaranteed by the U.S. government)		47,036			97,937
Home equity		26,797			35,328
Other loans and leases		9,533			13,474

Total, excl. loans guaranteed by the U.S. government	$	83,366		$	146,739
Add: loans guaranteed by U.S. government		95,421			99,379

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	178,787		$	246,118

Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.23	%		0.38	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.26	%
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.49	%		0.64	%

Accruing restructured loans
Commercial	$	141,353		$	267,975

Alt-A mortgages		57,993			46,657
Interest-only mortgages		7,794			12,147
Other residential mortgages		203,783			99,764

Total residential mortgages		269,570			158,568
Other		65,061			35,720

Total accruing restructured loans	$	475,984		$	462,263