Exhibit 99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
September 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			8

Quarterly Credit Reserves Analysis			9

Quarterly Net Charge-Off Analysis			10

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			11

Quarterly Accruing Past Due Loans and Leases and Accruing Restructured Loans			12

Quarterly Common Stock Summary, Capital, and Other Data			13

Consolidated Year to Date Average Balance Sheets			14

Consolidated Year to Date Net Interest Margin Analysis			15

Selected Year to Date Income Statement Data			16

Year to Date Mortgage Banking Income			18

Year to Date Credit Reserves Analysis			19

Year to Date Net Charge-Off Analysis			20

Year to Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			21

Year to Date Accruing Past Due Loans and Leases and Accruing Restructured Loans			22

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.

Huntington Bancshares Incorporated
Consolidated Balance Sheets


										Change
	2010			2009						September ’10 vs ’09
(in thousands, except numbers of shares)	September 30,			December 31,			September 30,			Amount			Percent
	*(Unaudited)*						(Unaudited)
Assets
Cash and due from banks	$	1,139,226		$	1,521,344		$	1,882,108		$	(742,882	)		(39	)%
Interest bearing deposits in banks		274,240			319,375			397,941			(123,701	)		(31	)
Trading account securities		138,677			83,657			121,366			17,311			14
Loans held for sale		744,439			461,647			530,861			213,578			40
Investment securities		9,723,558			8,587,914			8,503,150			1,220,408			14
Loans and leases (1)		37,500,587			36,790,663			37,304,094			196,493			1
Allowance for loan and lease losses		(1,336,352	)		(1,482,479	)		(1,031,971	)		(304,381	)		29

Net loans and leases		36,164,235			35,308,184			36,272,123			(107,888	)		—

Bank owned life insurance		1,450,335			1,412,333			1,402,134			48,201			3
Premises and equipment		489,349			496,021			496,280			(6,931	)		(1	)
Goodwill		444,268			444,268			443,648			620			—
Other intangible assets		243,666			289,098			302,612			(58,946	)		(19	)
Accrued income and other assets		2,434,783			2,630,824			2,160,436			274,347			13

Total Assets	$	53,246,776		$	51,554,665		$	52,512,659		$	734,117			1	%


Liabilities and Shareholders’ Equity
Liabilities
Deposits (2)	$	41,072,371		$	40,493,927		$	39,829,057		$	1,243,314			3	%
Short-term borrowings		1,859,134			876,241			852,076			1,007,058			N.M.
Federal Home Loan Bank advances		23,643			168,977			920,045			(896,402	)		(97	)
Other long-term debt		2,393,071			2,369,491			2,434,858			(41,787	)		(2	)
Subordinated notes		1,202,568			1,264,202			1,674,054			(471,486	)		(28	)
Accrued expenses and other liabilities		1,128,586			1,045,825			1,127,463			1,123			—

Total Liabilities		47,679,373			46,218,663			46,837,553			841,820			2


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		1,337,749			1,325,008			1,320,898			16,851			1

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

Common stock —

Par value of $0.01		7,180			7,167			7,154			26			—
Capital surplus		6,743,724			6,731,796			6,723,923			19,801			—
Less treasury shares at cost		(8,969	)		(11,465	)		(11,827	)		2,858			(24	)
Accumulated other comprehensive income (loss):
Unrealized losses on investment securities		4,568			(103,382	)		(103,010	)		107,578			N.M.
Unrealized gains (losses) on cash flow hedging derivatives		76,006			58,865			50,311			25,695			51
Pension and other postretirement benefit adjustments		(108,970	)		(112,468	)		(159,143	)		50,173			(32	)
Retained (deficit) earnings		(2,846,392	)		(2,922,026	)		(2,515,707	)		(330,685	)		13

Total Shareholders’ Equity		5,567,403			5,336,002			5,675,106			(107,703	)		(2	)

Total Liabilities and Shareholders’ Equity	$	53,246,776		$	51,554,665		$	52,512,659		$	734,117			1	%


Common shares authorized (par value of $0.01)		1,500,000,000			1,000,000,000			1,000,000,000
Common shares issued		718,015,276			716,741,249			715,409,524
Common shares outstanding		717,132,197			715,761,672			714,469,066
Treasury shares outstanding		883,079			979,577			940,458
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
(dollar amounts in millions)	September 30,				June 30,				March 31,				December 31,				September 30,
	*(Unaudited)*				(Unaudited)				(Unaudited)								(Unaudited)
Ending Balances by Type
Commercial: (1)
Commercial and industrial (2)	$	12,425	33	%	$	12,392	34	%	$	12,245	33	%	$	12,888	35	%	$	12,547	34	%
Commercial real estate:
Construction		738	2			1,106	3			1,443	4			1,469	4			1,815	5
Commercial (2)		6,174	16			6,078	16			6,013	16			6,220	17			6,900	18

Commercial real estate (2)		6,912	18			7,184	19			7,456	20			7,689	21			8,715	23

Total commercial		19,337	51			19,576	53			19,701	53			20,577	56			21,262	57

Consumer:
Automobile loans (3)		5,296	14			4,712	13			4,212	11			3,144	9			2,939	8
Automobile leases		89	—			135	—			191	1			246	1			309	1
Home equity		7,690	21			7,510	20			7,514	20			7,563	21			7,576	20
Residential mortgage		4,511	12			4,354	12			4,614	12			4,510	12			4,468	12
Other loans		578	2			683	2			700	3			751	1			750	2

Total consumer		18,164	49			17,394	47			17,231	47			16,214	44			16,042	43

Total loans and leases	$	37,501	100	%	$	36,970	100	%	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%


Ending Balances by Business Segment
Retail and Business Banking	$	14,558	39	%	$	14,521	39	%	$	14,347	39	%	$	14,394	39	%	$	14,435	39	%
Commercial Banking		7,474	20			7,411	20			7,310	20			7,439	20			7,677	21
Commercial Real Estate		6,495	17			6,861	19			7,152	19			7,525	20			7,947	21
Auto Finance and Dealer Services		6,673	18			6,070	16			5,582	15			4,609	13			4,330	12
Private Financial Group		2,198	6			2,107	6			2,047	6			2,380	7			2,450	6
Treasury / Other (4)		103	—			—	—			494	1			444	1			465	1

Total loans and leases	$	37,501	100	%	$	36,970	100	%	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%


	2010												2009
	Third				Second				First				Fourth				Third
Average Balances by Business Segment
Retail and Business Banking	$	14,458	39	%	$	14,393	39	%	$	14,294	39	%	$	14,319	39	%	$	14,553	38	%
Commercial Banking		7,513	20			7,342	20			7,382	20			7,539	20			7,805	21
Commercial Real Estate		6,718	18			7,040	19			7,358	20			7,857	21			8,151	22
Auto Finance and Dealer Services		6,376	17			5,848	16			5,456	15			4,494	12			4,381	12
Private Financial Group		2,138	6			2,062	5			2,059	5			2,425	7			2,494	6
Treasury / Other (4)		12	—			404	1			431	1			455	1			471	1

Total loans and leases	$	37,215	100	%	$	37,089	100	%	$	36,980	100	%	$	37,089	100	%	$	37,855	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
(dollar amounts in millions)	September 30,				June 30,				March 31,				December 31,				September 30,
	*(Unaudited)*				(Unaudited)				(Unaudited)								(Unaudited)
Ending Balances by Type
Demand deposits — non-interest bearing	$	6,926	17	%	$	6,463	16	%	$	6,938	17	%	$	6,907	17	%	$	6,306	16	%
Demand deposits — interest bearing		5,347	13			5,850	15			5,948	15			5,890	15			5,401	14
Money market deposits		12,679	31			11,437	29			10,644	26			9,485	23			8,548	21
Savings and other domestic deposits		4,613	11			4,652	12			4,666	12			4,652	11			4,631	12
Core certificates of deposit		8,765	21			8,974	23			9,441	23			10,453	26			11,205	28

Total core deposits		38,330	93			37,376	95			37,637	93			37,387	92			36,091	91
Other domestic deposits of $250,000 or more		730	2			678	2			684	2			652	2			689	2
Brokered deposits and negotiable CDs		1,576	4			1,373	3			1,605	4			2,098	5			2,630	7
Deposits in foreign offices		436	1			422	—			377	1			357	1			419	—

Total deposits	$	41,072	100	%	$	39,849	100	%	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%


Total core deposits:
Commercial	$	12,262	32	%	$	11,515	31	%	$	11,844	31	%	$	11,368	30	%	$	10,884	30	%
Personal		26,068	68			25,861	69			25,793	69			26,019	70			25,207	70

Total core deposits	$	38,330	100	%	$	37,376	100	%	$	37,637	100	%	$	37,387	100	%	$	36,091	100	%


Ending Balances by Business Segment:
Retail and Business Banking	$	29,220	71	%	$	28,861	72	%	$	28,658	71	%	$	28,877	71	%	$	28,136	71	%
Commercial Banking		6,932	17			6,230	16			6,465	16			6,031	15			6,363	16
Commercial Real Estate		637	2			626	2			566	1			535	1			532	1
Auto Finance and Dealer Services		103	—			99	—			87	—			83	—			98	—
Private Financial Group		3,085	8			3,046	8			3,349	8			3,409	8			2,843	7
Treasury / Other (1)		1,095	2			987	2			1,178	4			1,559	5			1,857	5

Total deposits	$	41,072	100	%	$	39,849	100	%	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%


	2010												2009
	Third				Second				First				Fourth				Third
Average Balances by Business Segment:
Retail and Business Banking	$	29,197	72	%	$	28,892	72	%	$	28,645	71	%	$	28,709	71	%	$	27,892	70	%
Commercial Banking		6,655	16			6,411	16			6,435	16			6,012	15			6,084	15
Commercial Real Estate		612	2			580	1			553	1			525	1			504	1
Auto Finance and Dealer Services		101	—			93	—			83	—			85	—			95	—
Private Financial Group		2,980	7			3,294	8			3,181	9			3,104	9			2,778	8
Treasury / Other (1)		1,101	3			1,097	3			1,326	3			1,779	4			2,240	6

Total deposits	$	40,646	100	%	$	40,367	100	%	$	40,223	100	%	$	40,214	100	%	$	39,593	100	%


(1)		Comprised primarily of national market deposits.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


	Average Balances															Change
Fully-taxable equivalent basis	2010									2009						3Q10 vs 3Q09
(dollar amounts in millions)	Third			Second			First			Fourth			Third			Amount			Percent
Assets
Interest bearing deposits in banks	$	282		$	309		$	348		$	329		$	393		$	(111	)		(28	)%
Trading account securities		110			127			96			110			107			3			3
Federal funds sold and securities purchased under resale agreements		—			—			—			15			7			(7	)		N.M.
Loans held for sale		663			323			346			470			524			139			27
Investment securities:
Taxable		8,876			8,369			8,027			8,698			6,511			2,365			36
Tax-exempt		365			389			443			136			128			237			N.M.

Total investment securities		9,241			8,758			8,470			8,834			6,639			2,602			39
Loans and leases: (1)
Commercial:
Commercial and industrial		12,393			12,244			12,314			12,570			12,922			(529	)		(4	)
Commercial real estate:
Construction		989			1,279			1,409			1,651			1,808			(819	)		(45	)
Commercial		6,084			6,085			6,268			6,807			7,071			(987	)		(14	)

Commercial real estate		7,073			7,364			7,677			8,458			8,879			(1,806	)		(20	)

Total commercial		19,466			19,608			19,991			21,028			21,801			(2,335	)		(11	)

Consumer:
Automobile loans		5,030			4,472			4,031			3,050			2,886			2,144			74
Automobile leases		110			162			219			276			344			(234	)		(68	)

Automobile loans and leases		5,140			4,634			4,250			3,326			3,230			1,910			59
Home equity		7,567			7,544			7,539			7,561			7,581			(14	)		—
Residential mortgage		4,389			4,608			4,477			4,417			4,487			(98	)		(2	)
Other loans		653			695			723			757			756			(103	)		(14	)

Total consumer		17,749			17,481			16,989			16,061			16,054			1,695			11

Total loans and leases		37,215			37,089			36,980			37,089			37,855			(640	)		(2	)
Allowance for loan and lease losses		(1,384	)		(1,506	)		(1,510	)		(1,029	)		(950	)		(434	)		46

Net loans and leases		35,831			35,583			35,470			36,060			36,905			(1,074	)		(3	)

Total earning assets		47,511			46,606			46,240			46,847			45,525			1,986			4

Cash and due from banks		1,618			1,509			1,761			1,947			2,553			(935	)		(37	)
Intangible assets		695			710			725			737			755			(60	)		(8	)
All other assets		4,277			4,384			4,486			3,956			3,797			480			13

Total Assets	$	52,717		$	51,703		$	51,702		$	52,458		$	51,680		$	1,037			2	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing	$	6,768		$	6,849		$	6,627		$	6,466		$	6,186		$	582			9	%
Demand deposits — interest-bearing		5,319			5,971			5,716			5,482			5,140			179			3
Money market deposits		12,336			11,103			10,340			9,271			7,601			4,735			62
Savings and other domestic deposits		4,639			4,677			4,613			4,686			4,771			(132	)		(3	)
Core certificates of deposit		8,948			9,199			9,976			10,867			11,646			(2,698	)		(23	)

Total core deposits		38,010			37,799			37,272			36,772			35,344			2,666			8
Other domestic deposits of $250,000 or more		690			661			698			667			747			(57	)		(8	)
Brokered deposits and negotiable CDs		1,495			1,505			1,843			2,353			3,058			(1,563	)		(51	)
Deposits in foreign offices		451			402			410			422			444			7			2

Total deposits		40,646			40,367			40,223			40,214			39,593			1,053			3
Short-term borrowings		1,739			966			927			879			879			860			98
Federal Home Loan Bank advances		188			212			179			681			924			(736	)		(80	)
Subordinated notes and other long-term debt		3,672			3,836			4,062			3,908			4,136			(464	)		(11	)

Total interest bearing liabilities		39,477			38,532			38,764			39,216			39,346			131			—

All other liabilities		952			924			947			1,042			863			89			10
Shareholders’ equity		5,520			5,398			5,364			5,734			5,285			235			4

Total Liabilities and Shareholders’ Equity	$	52,717		$	51,703		$	51,702		$	52,458		$	51,680		$	1,037			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 Quarterly Net Interest Margin Analysis
(Unaudited)


	Average Rates (2)
	2010									2009
Fully-taxable equivalent basis (1)	Third			Second			First			Fourth			Third
Assets
Interest bearing deposits in banks		0.21	%		0.20	%		0.18	%		0.16	%		0.28	%
Trading account securities		1.20			1.74			2.15			1.89			1.96
Federal funds sold and securities purchased under resale agreements		—			—			—			0.03			0.14
Loans held for sale		5.75			5.02			4.98			5.13			5.20
Investment securities:
Taxable		2.77			2.85			2.94			3.20			3.99
Tax-exempt		4.70			4.62			4.37			6.42			6.81

Total investment securities		2.84			2.93			3.01			3.25			4.04
Loans and leases: (3)
Commercial and industrial		5.14			5.31			5.60			5.20			5.19
Commercial real estate:
Construction		2.83			2.61			2.66			2.63			2.61
Commercial		3.91			3.69			3.60			3.40			3.43

Commercial real estate		3.76			3.49			3.43			3.25			3.26

Total commercial		4.64			4.63			4.76			4.41			4.40

Consumer:
Automobile loans		5.77			6.46			6.64			7.15			7.34
Automobile leases		6.71			6.58			6.41			6.40			6.25

Automobile loans and leases		5.79			6.46			6.63			7.09			7.22
Home equity		4.74			5.26			5.59			5.82			5.75
Residential mortgage		4.97			4.70			4.89			5.04			5.03
Other loans		7.10			6.84			7.00			6.90			7.21

Total consumer		5.19			5.49			5.73			5.92			5.91

Total loans and leases		4.90			5.04			5.21			5.07			5.04

Total earning assets		4.49	%		4.63	%		4.82	%		4.70	%		4.86	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest-bearing		0.17			0.22			0.22			0.22			0.22
Money market deposits		0.86			0.93			1.00			1.21			1.20
Savings and other domestic deposits		0.99			1.07			1.19			1.27			1.33
Core certificates of deposit		2.31			2.68			2.93			3.07			3.27

Total core deposits		1.18			1.33			1.51			1.71			1.88
Other domestic deposits of $250,000 or more		1.28			1.37			1.44			1.88			2.24
Brokered deposits and negotiable CDs		2.21			2.56			2.49			2.52			2.49
Deposits in foreign offices		0.22			0.19			0.19			0.18			0.20

Total deposits		1.21			1.37			1.55			1.75			1.92
Short-term borrowings		0.22			0.21			0.21			0.24			0.25
Federal Home Loan Bank advances		1.25			1.93			2.71			1.01			0.92
Subordinated notes and other long-term debt		2.15			2.05			2.25			2.67			2.58

Total interest bearing liabilities		1.25	%		1.41	%		1.60	%		1.80	%		1.93	%

Net interest rate spread		3.24	%		3.22	%		3.22	%		2.90	%		2.93	%
Impact of noninterest bearing funds on margin		0.21			0.24			0.25			0.29			0.27

Net interest margin		3.45	%		3.46	%		3.47	%		3.19	%		3.20	%


(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, non-deferrable fees, and amortized 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
(in thousands, except per share amounts)	Third			Second			First			Fourth			Third
Interest income	$	534,669		$	535,653		$	546,779		$	551,335		$	553,846
Interest expense		124,707			135,997			152,886			177,271			191,027

Net interest income		409,962			399,656			393,893			374,064			362,819
Provision for credit losses		119,160			193,406			235,008			893,991			475,136

Net interest income (loss) after provision for credit losses		290,802			206,250			158,885			(519,927	)		(112,317	)

Service charges on deposit accounts		65,932			75,934			69,339			76,757			80,811
Brokerage and insurance income		36,376			36,498			35,762			32,173			33,996
Mortgage banking income		52,045			45,530			25,038			24,618			21,435
Trust services		26,997			28,399			27,765			27,275			25,832
Electronic banking		28,090			28,107			25,137			25,173			28,017
Bank owned life insurance income		14,091			14,392			16,470			14,055			13,639
Automobile operating lease income		11,356			11,842			12,303			12,671			12,795
Securities (losses) gains		(296	)		156			(31	)		(2,602	)		(2,374	)
Other income		32,552			28,785			29,069			34,426			41,901

Total noninterest income		267,143			269,643			240,852			244,546			256,052

Personnel costs		208,272			194,875			183,642			180,663			172,152
Outside data processing and other services		38,553			40,670			39,082			36,812			38,285
Deposit and other insurance expense		23,406			26,067			24,755			24,420			23,851
Net occupancy		26,718			25,388			29,086			26,273			25,382
OREO and foreclosure expense		12,047			4,970			11,530			18,520			38,968
Equipment		21,651			21,585			20,624			20,454			20,967
Professional services		20,672			24,388			22,697			25,146			18,108
Amortization of intangibles		15,145			15,141			15,146			17,060			16,995
Automobile operating lease expense		9,159			9,667			10,066			10,440			10,589
Marketing		20,921			17,682			11,153			9,074			8,259
Telecommunications		5,695			6,205			6,171			6,099			5,902
Printing and supplies		4,062			3,893			3,673			3,807			3,950
Goodwill impairment		—			—			—			—			—
Gain on early extinguishment of debt (2)		—			—			—			(73,615	)		(60	)
Other expense		21,008			23,279			20,468			17,443			17,749

Total noninterest expense		427,309			413,810			398,093			322,596			401,097

Income (Loss) before income taxes		130,636			62,083			1,644			(597,977	)		(257,362	)
Provision (Benefit) for income taxes		29,690			13,319			(38,093	)		(228,290	)		(91,172	)

Net income (loss)	$	100,946		$	48,764		$	39,737		$	(369,687	)	$	(166,190	)


Dividends on preferred shares		29,495			29,426			29,357			29,289			29,223


Net income (loss) applicable to common shares	$	71,451		$	19,338		$	10,380		$	(398,976	)	$	(195,413	)


Average common shares — basic		716,911			716,580			716,320			715,336			589,708
Average common shares — diluted (3)		719,567			719,387			718,593			715,336			589,708

Per common share
Net income (loss) — basic	$	0.10		$	0.03		$	0.01		$	(0.56	)	$	(0.33	)
Net income (loss) — diluted		0.10			0.03			0.01			(0.56	)		(0.33	)
Cash dividends declared		0.01			0.01			0.01			0.01			0.01

Return on average total assets		0.76	%		0.38	%		0.31	%		(2.80	)%		(1.28	)%
Return on average total shareholders’ equity		7.3			3.6			3.0			(25.6	)		(12.5	)
Return on average tangible shareholders’ equity (4)		8.9			4.9			4.2			(27.9	)		(13.3	)
Net interest margin (5)		3.45			3.46			3.47			3.19			3.20
Efficiency ratio (6)		60.6			59.4			60.1			49.0			61.4
Effective tax rate (benefit)		22.7			21.5			N.M.			(38.2	)		(35.4	)

Revenue — fully-taxable equivalent (FTE)
Net interest income	$	409,962		$	399,656		$	393,893		$	374,064		$	362,819
FTE adjustment		2,631			2,490			2,248			2,497			4,177

Net interest income (5)		412,593			402,146			396,141			376,561			366,996
Noninterest income		267,143			269,643			240,852			244,546			256,052

Total revenue (5)	$	679,736		$	671,789		$	636,993		$	621,107		$	623,048


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

⁽²⁾		The 2009 fourth quarter gain related to the purchase of certain subordinated bank notes.

⁽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. It was excluded 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 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
Quarterly Mortgage Banking Income
(Unaudited)


	2010									2009						3Q10 vs 3Q09
(in thousands, except as noted)	Third			Second			First			Fourth			Third			Amount			Percent
Mortgage Banking Income

Origination and secondary marketing	$	35,840		$	19,778		$	13,586		$	16,473		$	16,491		$	19,349			N.M.	%
Servicing fees		12,053			12,178			12,418			12,289			12,320			(267	)		(2	)
Amortization of capitalized servicing		(13,003	)		(10,137	)		(10,065	)		(10,791	)		(10,050	)		(2,953	)		29
Other mortgage banking income		4,966			3,664			3,210			4,468			4,107			859			21


Subtotal		39,856			25,483			19,149			22,439			22,868			16,988			74

MSR valuation adjustment (1)		(12,047	)		(26,221	)		(5,772	)		15,491			(17,348	)		5,301			(31	)
Net trading gains (losses) related to MSR hedging		24,236			46,268			11,661			(13,310	)		15,913			8,323			52

Total mortgage banking income	$	52,045		$	45,530		$	25,038		$	24,620		$	21,433		$	30,612			N.M.	%


Mortgage originations (in millions)	$	1,619		$	1,161		$	869		$	1,131		$	998		$	621			62	%
Average trading account securities used to hedge MSRs (in millions)		23			28			18			19			19			4			21
Capitalized mortgage servicing rights (2)		161,594			179,138			207,552			214,592			200,969			(39,375	)		(20	)
Total mortgages serviced for others (in millions) (2)		15,713			15,954			15,968			16,010			16,145			(432	)		(3	)
MSR % of investor servicing portfolio		1.03	%		1.12	%		1.30	%		1.34	%		1.24	%		(0.21	)%		(17	)


Net Impact of MSR Hedging

MSR valuation adjustment (1)	$	(12,047	)	$	(26,221	)	$	(5,772	)	$	15,491		$	(17,348	)	$	5,301			(31	)%
Net trading gains (losses) related to MSR hedging		24,236			46,268			11,661			(13,310	)		15,913			8,323			52
Net interest income related to MSR hedging		32			58			169			168			191			(159	)		(83	)


Net impact of MSR hedging	$	12,221		$	20,105		$	6,058		$	2,349		$	(1,244	)	$	13,465			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
(dollar amounts in thousands)	Third			Second			First			Fourth			Third

Allowance for loan and lease losses, beginning of period	$	1,402,160		$	1,477,969		$	1,482,479		$	1,031,971		$	917,680
Loan and lease losses		(221,144	)		(312,954	)		(264,222	)		(471,486	)		(377,443	)
Recoveries of loans previously charged off		36,630			33,726			25,741			26,739			21,501

Net loan and lease losses		(184,514	)		(279,228	)		(238,481	)		(444,747	)		(355,942	)

Provision for loan and lease losses		118,788			203,633			233,971			895,255			472,137
Allowance of assets sold		(82	)		(214	)		—			—			—
Allowance for loans transferred to held-for-sale		—			—			—			—			(1,904	)

Allowance for loan and lease losses, end of period	$	1,336,352		$	1,402,160		$	1,477,969		$	1,482,479		$	1,031,971

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

Provision for (Reduction in) unfunded loan commitments and letters of credit losses		372			(10,227	)		1,037			(1,264	)		2,999

Allowance for unfunded loan commitments and letters of credit, end of period	$	40,061		$	39,689		$	49,916		$	48,879		$	50,143

Total allowances for credit losses	$	1,376,413		$	1,441,849		$	1,527,885		$	1,531,358		$	1,082,114


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		3.56	%		3.79	%		4.00	%		4.03	%		2.77	%
Nonaccrual loans and leases (NALs)		136			117			84			77			47
Nonperforming assets (NPAs)		121			89			77			72			44

Total allowances for credit losses (ACL) as % of:
Total loans and leases		3.67	%		3.90	%		4.14	%		4.16	%		2.90	%
Nonaccrual loans and leases		140			120			87			80			50
Nonperforming assets		125			91			80			74			46

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


	2010									2009
(dollar amounts in thousands)	Third			Second			First			Fourth			Third

Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	62,241		$	58,128		$	75,439		$	109,816		$	68,842	(1)
Commercial real estate:
Construction		17,936			45,562			34,426			85,345			50,359
Commercial		45,725			36,169			50,873			172,759			118,866

Commercial real estate		63,661			81,731			85,299			258,104			169,225

Total commercial		125,902			139,859			160,738			367,920			238,067

Consumer:
Automobile loans		5,208			5,219			7,666			11,374			8,988
Automobile leases		362			217			865			1,554			1,753

Automobile loans and leases		5,570			5,436			8,531			12,928			10,741
Home equity		27,827			44,470	(2)		37,901			35,764			28,045
Residential mortgage (3)		18,961			82,848	(3)		24,311			17,789			68,955	(4)
Other loans		6,254			6,615			7,000			10,346			10,134

Total consumer		58,612			139,369			77,743			76,827			117,875

Total net charge-offs	$	184,514		$	279,228		$	238,481		$	444,747		$	355,942


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial (1)		2.01	%		1.90	%		2.45	%		3.49	%		2.13	%
Commercial real estate:
Construction		7.25			14.25			9.77			20.68			11.14
Commercial		3.01			2.38			3.25			10.15			6.72

Commercial real estate		3.60			4.44			4.44			12.21			7.62

Total commercial		2.59			2.85			3.22			7.00			4.37

Consumer:
Automobile loans		0.41			0.47			0.76			1.49			1.25
Automobile leases		1.32			0.54			1.58			2.25			2.04

Automobile loans and leases		0.43			0.47			0.80			1.55			1.33
Home equity (2)		1.47			2.36			2.01			1.89			1.48
Residential mortgage (3), (4)		1.73			7.19			2.17			1.61			6.15
Other loans		3.83			3.81			3.87			5.47			5.36

Total consumer		1.32			3.19			1.83			1.91			2.94

Net charge-offs as a % of average loans		1.98	%		3.01	%		2.58	%		4.80	%		3.76	%


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

(2)		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.

(3)		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.

(4)		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. The 2009 third quarter also included $17,615 thousand of charge-offs related to the transfer of loans to held for sale.

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


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

Nonaccrual loans and leases (NALs):
Commercial and industrial	$	398,353		$	429,561		$	511,588		$	578,414		$	612,701
Commercial real estate		478,754			663,103			826,781			935,812			1,133,661

Alt-A mortgages		11,188			15,119			13,368			11,362			9,810
Interest-only mortgages		14,334			13,811			8,193			7,445			8,336
Franklin residential mortgages		—			—			297,967			299,670			322,796
Other residential mortgages		57,462			57,556			53,422			44,153			49,579

Total residential mortgages		82,984			86,486			372,950			362,630			390,521
Home equity		21,689			22,199			54,789			40,122			44,182

Total nonaccrual loans and leases		981,780			1,201,349			1,766,108			1,916,978			2,181,065

Other real estate, net:
Residential		65,775			71,937			68,289			71,427			81,807
Commercial		57,309			67,189			83,971			68,717			60,784

Total other real estate, net		123,084			139,126			152,260			140,144			142,591
Impaired loans held for sale (1)		—			242,227			—			969			20,386

Total nonperforming assets	$	1,104,864		$	1,582,702		$	1,918,368		$	2,058,091		$	2,344,042


Nonperforming Franklin assets:
Residential mortgage		—		$	—		$	297,967		$	299,670		$	322,796
Home Equity		—			—			31,067			15,004			15,704
OREO		15,330			24,515			24,423			23,826			30,996
Impaired loans held for sale		—			242,227			—			—			—

Total nonperforming Franklin assets	$	15,330		$	266,742		$	353,457		$	338,500		$	369,496


Nonaccrual loans and leases as a % of total loans and leases		2.62	%		3.25	%		4.78	%		5.21	%		5.85	%

NPA ratio (2)		2.94			4.24			5.17			5.57			6.26


	2010									2009
	Third			Second			First			Fourth			Third

Nonperforming assets, beginning of period	$	1,582,702		$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584
New nonperforming assets		278,388			171,595			237,914			494,607			899,855
Franklin impact, net		(244,389	)		(86,715	)		14,957			(30,996	)		(18,771	)
Returns to accruing status		(111,168	)		(78,739	)		(80,840	)		(85,867	)		(52,498	)
Loan and lease losses		(155,553	)		(173,159	)		(185,387	)		(391,635	)		(305,405	)
OREO losses		(5,302	)		2,483			(4,160	)		(7,394	)		(30,623	)
Payments		(213,095	)		(140,881	)		(107,640	)		(222,790	)		(117,710	)
Sales		(26,719	)		(30,250	)		(14,567	)		(41,876	)		(33,390	)

Nonperforming assets, end of period	$	1,104,864		$	1,582,702		$	1,918,368		$	2,058,091		$	2,344,042


(1)		The June 30, 2010, figure represented NALs associated with the transfer of Franklin-related residential mortgage and home equity loans to loans held for sale. The September 30, 2009, figure primarily represented impaired residential mortgage loans held for sale. All other presented figures represented 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)		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 Troubled Debt Restructured Loans
(Unaudited)


	2010									2009
(dollar amounts in thousands)	September 30,			June 30,			March 31,			December 31,			September 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)		56,803			47,036			72,702			78,915			65,716
Home equity		27,160			26,797			29,438			53,343			45,334
Other loans and leases		11,423			9,533			10,598			13,400			14,175

Total, excl. loans guaranteed by the U.S. government		95,386			83,366			113,213			145,658			127,771
Add: loans guaranteed by U.S. government		94,249			95,421			96,814			101,616			102,895

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	189,635		$	178,787		$	210,027		$	247,274		$	230,666


Ratios:

Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.25	%		0.23	%		0.31	%		0.40	%		0.34	%

Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.26	%		0.26	%		0.28	%		0.28	%

Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.51	%		0.49	%		0.57	%		0.68	%		0.62	%

Accruing troubled debt restructured loans
Commercial	$	157,971		$	141,353		$	117,667		$	157,049		$	153,010

Alt-A mortgages		59,250			57,993			57,897			57,278			58,367
Interest-only mortgages		7,798			7,794			8,413			7,890			10,072
Other residential mortgages		220,433			203,783			176,560			154,471			136,024

Total residential mortgages		287,481			269,570			242,870			219,639			204,463
Other		73,210			65,061			62,148			52,871			42,406

Total accruing troubled debt restructured loans	$	518,662		$	475,984		$	422,685		$	429,559		$	399,879


(1)		Percent of related loans and leases.

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

Quarterly common stock summary


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

Common stock price, per share
High (1)	$	6.450	$	7.400	$	5.810	$	4.770	$	4.970
Low (1)		5.040		5.260		3.650		3.500		3.260
Close		5.690		5.540		5.390		3.650		4.710
Average closing price		5.787		6.130		4.840		3.970		4.209

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

Common shares outstanding
Average — basic		716,911		716,580		716,320		715,336		589,708
Average — diluted (2)		719,567		719,387		718,593		715,336		589,708
Ending		717,132		716,623		716,557		715,762		714,469

Book value per common share	$	5.39	$	5.22	$	5.13	$	5.10	$	5.59
Tangible book value per common share (3)		4.55		4.37		4.26		4.21		4.69

Capital data


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

Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,567		$	5,438		$	5,370		$	5,336		$	5,675
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(244	)		(259	)		(274	)		(289	)		(303	)
Add: related deferred tax liability (3)		85			91			95			101			106

Total tangible equity		4,964			4,826			4,747			4,704			5,034
Less: Preferred equity		(1,700	)		(1,696	)		(1,692	)		(1,688	)		(1,683	)

Total tangible common equity	$	3,264		$	3,130		$	3,055		$	3,016		$	3,351


Total assets	$	53,247		$	51,771		$	51,867		$	51,555		$	52,513
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(244	)		(259	)		(274	)		(289	)		(303	)
Add: related deferred tax liability (3)		85			91			95			101			106

Total tangible assets	$	52,644		$	51,159		$	51,244		$	50,923		$	51,872


Tangible equity / tangible asset ratio		9.43	%		9.43	%		9.26	%		9.24	%		9.71	%
Tangible common equity / tangible asset ratio		6.20			6.12			5.96			5.92			6.46

Other capital data:
Total risk-weighted assets	$	42,946		$	42,486		$	42,522		$	43,248		$	44,142

Tier 1 leverage ratio (4)		10.54	%		10.45	%		10.05	%		10.09	%		11.30	%
Tier 1 common risk-based capital ratio (4)		7.36			7.06			6.53			6.69			7.82
Tier 1 risk-based capital ratio (4)		12.76			12.51			11.97			12.03			13.04
Total risk-based capital ratio (4)		15.02			14.79			14.28			14.41			16.23

Tangible equity / risk-weighted assets ratio		11.56			11.36			11.16			10.88			11.41

Other data:
Number of employees (full-time equivalent)		11,279			11,117			10,678			10,272			10,194
Number of domestic full-service branches (5)		617			617			617			611			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)		September 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 offices.

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


	YTD Average Balances
Fully-taxable equivalent basis	Nine Months Ended September 30,						Change
(in millions)	2010			2009			Amount			Percent
Assets
Interest bearing deposits in banks	$	313		$	372		$	(59	)		(16	)%
Trading account securities		111			157			(46	)		(29	)
Federal funds sold and securities purchased under resale agreements		—			8			(8	)		N.M.
Loans held for sale		445			620			(175	)		(28	)
Investment securities:
Taxable		8,428			5,227			3,201			61
Tax-exempt		399			239			160			67

Total investment securities		8,827			5,466			3,361			61
Loans and leases: (1)
Commercial:
Commercial and industrial		12,317			13,327			(1,010	)		(8	)
Commercial real estate:
Construction		1,224			1,928			(704	)		(37	)
Commercial		6,145			7,464			(1,319	)		(18	)

Commercial real estate		7,369			9,392			(2,023	)		(22	)

Total commercial		19,686			22,719			(3,033	)		(13	)

Consumer:
Automobile loans		4,515			3,193			1,322			41
Automobile leases		163			427			(264	)		(62	)

Automobile loans and leases		4,678			3,620			1,058			29
Home equity		7,550			7,600			(50	)		(1	)
Residential mortgage		4,491			4,584			(93	)		(2	)
Other loans		690			709			(19	)		(3	)

Total consumer		17,409			16,513			896			5

Total loans and leases		37,095			39,232			(2,137	)		(5	)
Allowance for loan and lease losses		(1,466	)		(931	)		(535	)		57

Net loans and leases		35,629			38,301			(2,672	)		(7	)

Total earning assets		46,791			45,855			936			2

Cash and due from banks		1,629			2,195			(566	)		(26	)
Intangible assets		709			1,626			(917	)		(56	)
All other assets		4,381			3,689			692			19

Total Assets	$	52,044		$	52,434		$	(390	)		(1	)%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing	$	6,748		$	5,919		$	829			14	%
Demand deposits — interest-bearing		5,667			4,591			1,076			23
Money market deposits		11,267			6,524			4,743			73
Savings and other domestic deposits		4,643			4,946			(303	)		(6	)
Core certificates of deposit		9,371			12,308			(2,937	)		(24	)

Total core deposits		37,696			34,288			3,408			10
Other domestic deposits of $250,000 or more		683			899			(216	)		(24	)
Brokered deposits and negotiable CDs		1,613			3,414			(1,801	)		(53	)
Deposits in foreign offices		421			509			(88	)		(17	)

Total deposits		40,413			39,110			1,303			3
Short-term borrowings		1,214			951			263			28
Federal Home Loan Bank advances		193			1,423			(1,230	)		(86	)
Subordinated notes and other long-term debt		3,855			4,461			(606	)		(14	)

Total interest bearing liabilities		38,927			40,026			(1,099	)		(3	)

All other liabilities		941			684			257			38
Shareholders’ equity		5,428			5,805			(377	)		(6	)

Total Liabilities and Shareholders’ Equity	$	52,044		$	52,434		$	(390	)		(1	)%

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)
	Nine Months Ended September 30,
Fully-taxable equivalent basis (1)	2010			2009
Assets
Interest bearing deposits in banks		0.20	%		0.36	%
Trading account securities		1.68			3.24
Federal funds sold and securities purchased under resale agreements		—			0.19
Loans held for sale		5.36			5.15
Investment securities:
Taxable		2.85			4.60
Tax-exempt		4.56			6.72

Total investment securities		2.93			4.70
Loans and leases (3):
Commercial:
Commercial and industrial		5.35			4.92
Commercial real estate:
Construction		2.69			2.72
Commercial		3.73			3.59

Commercial real estate		3.56			3.41

Total commercial		4.68			4.30

Consumer:
Automobile loans		6.26			7.26
Automobile leases		6.55			6.13

Automobile loans and leases		6.27			7.13
Home equity		5.20			5.55
Residential mortgage		4.85			5.29
Other loans		6.98			8.09

Total consumer		5.46			5.93

Total loans and leases		5.05			4.99

Total earning assets		4.64	%		4.94	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing		—	%		—	%
Demand deposits — interest-bearing		0.20			0.19
Money market deposits		0.92			1.13
Savings and other domestic deposits		1.08			1.40
Core certificates of deposit		2.65			3.53

Total core deposits		1.34			2.07
Other domestic deposits of $250,000 or more		1.36			2.63
Brokered deposits and negotiable CDs		2.43			2.67
Deposits in foreign offices		0.20			0.19

Total deposits		1.38			2.12
Short-term borrowings		0.21			0.26
Federal Home Loan Bank advances		1.94			1.03
Subordinated notes and other long-term debt		2.15			2.94

Total interest bearing liabilities		1.42			2.12


Net interest rate spread		3.22			2.82
Impact of noninterest bearing funds on margin		0.24			0.27

Net interest margin		3.46	%		3.09	%


(1)		Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 16 for the FTE adjustment.

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


	Nine Months Ended September 30,						Change
(in thousands, except per share amounts)	2010			2009			Amount			Percent
Interest income	$	1,617,101		$	1,686,807		$	(69,706	)		(4	)%
Interest expense		413,590			636,584			(222,994	)		(35	)

Net interest income		1,203,511			1,050,223			153,288			15
Provision for credit losses		547,574			1,180,680			(633,106	)		(54	)

Net interest income (loss) after provision for credit losses		655,937			(130,457	)		786,394			N.M.

Service charges on deposit accounts		211,205			226,042			(14,837	)		(7	)
Brokerage and insurance income		108,636			105,996			2,640			2
Mortgage banking income		122,613			87,680			34,933			40
Trust services		83,161			76,364			6,797			9
Electronic banking		81,334			74,978			6,356			8
Bank owned life insurance income		44,953			40,817			4,136			10
Automobile operating lease income		35,501			39,139			(3,638	)		(9	)
Securities losses		(171	)		(7,647	)		7,476			(98	)
Other income		90,406			117,730			(27,324	)		(23	)

Total noninterest income		777,638			761,099			16,539			2

Personnel costs		586,789			519,819			66,970			13
Outside data processing and other services		118,305			111,283			7,022			6
Deposit and other insurance expense		74,228			89,410			(15,182	)		(17	)
Net occupancy		81,192			79,000			2,192			3
OREO and foreclosure expense		28,547			75,379			(46,832	)		(62	)
Equipment		63,860			62,663			1,197			2
Professional services		67,757			51,220			16,537			32
Amortization of intangibles		45,432			51,247			(5,815	)		(11	)
Automobile operating lease expense		28,892			32,920			(4,028	)		(12	)
Marketing		49,756			23,975			25,781			N.M.
Telecommunications		18,071			17,880			191			1
Printing and supplies		11,628			11,673			(45	)		—
Goodwill impairment		—			2,606,944			(2,606,944	)		N.M.
Gain on early extinguishment of debt (2)		—			(73,827	)		73,827			N.M.
Other expense		64,756			51,262			13,494			26

Total noninterest expense		1,239,213			3,710,848			(2,471,635	)		(67	)

Income (Loss) before income taxes		194,362			(3,080,206	)		3,274,568			N.M.
Provision (Benefit) for income taxes		4,915			(355,714	)		360,629			N.M.

Net income (loss)	$	189,447		$	(2,724,492	)	$	2,913,939			N.M.	%


Dividends declared on preferred shares		88,278			145,467			(57,189	)		(39	)


Net income (loss) applicable to common shares	$	101,169		$	(2,869,959	)	$	2,971,128			N.M.	%


Average common shares — basic		716,604			471,958			244,646			52	%
Average common shares — diluted (3)		719,182			471,958			247,224			52

Per common share
Net income (loss) per common share — basic	$	0.14		$	(6.08	)	$	6			N.M.	%
Net income (loss) per common share — diluted		0.14			(6.08	)		6.22			N.M.
Cash dividends declared		0.03			0.03			—			—

Return on average total assets		0.49	%		(6.95	)%		7.44	%		N.M.	%
Return on average total shareholders’ equity		4.7			(62.7	)		67.4			N.M.
Return on average tangible shareholders’ equity (4)		6.1			(2.6	)		8.7			N.M.
Net interest margin (5)		3.46			3.09			0.37			12
Efficiency ratio (6)		60.0			57.6			2.4			4
Effective tax rate (benefit)		(2.5	)		(11.5	)		9.0			(78	)

Revenue — fully taxable equivalent (FTE)
Net interest income	$	1,203,511		$	1,050,223		$	153,288			15	%
FTE adjustment (5)		7,369			8,975			(1,606	)		(18	)

Net interest income		1,210,880			1,059,198			151,682			14
Noninterest income		777,638			761,099			16,539			2

Total revenue	$	1,988,518		$	1,820,297		$	168,221			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 $67.4 million related to the purchase of certain trust preferred securities.

⁽³⁾		For the presented periods, 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 periods.

⁽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)


	Nine Months Ended September 30,						Change
(in thousands, except as noted)	2010			2009			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	69,204		$	78,238		$	(9,034	)		(12	)%
Servicing fees		36,649			36,205			444			1
Amortization of capitalized servicing		(33,205	)		(36,780	)		3,575			(10	)
Other mortgage banking income		11,840			18,894			(7,054	)		(37	)

Subtotal		84,488			96,557			(12,069	)		(12	)

MSR valuation adjustment (1)		(44,040	)		18,814			(62,854	)		N.M.
Net trading gains (losses) related to MSR hedging		82,165			(27,691	)		109,856			N.M.

Total mortgage banking income	$	122,613		$	87,680		$	34,933			40	%


Mortgage originations (in millions)	$	3,649		$	4,131		$	(482	)		(12	)%
Average trading account securities used to hedge MSRs (in millions)		23			87			(64	)		(74	)
Capitalized mortgage servicing rights (2)		161,594			200,969			(39,375	)		(20	)
Total mortgages serviced for others (in millions) (2)		15,713			16,145			(432	)		(3	)
MSR % of investor servicing portfolio		1.03	%		1.24	%		(0.21	)%		(17	)


Net Impact of MSR Hedging
MSR valuation adjustment (1)	$	(44,040	)	$	18,814		$	(62,854	)		N.M.	%
Net trading gains (losses) related to MSR hedging		82,165			(27,691	)		109,856			N.M.
Net interest income related to MSR hedging		259			2,831			(2,572	)		(91	)

Net impact of MSR hedging	$	38,384		$	(6,046	)	$	44,430			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)


	Nine Months Ended September 30,
(dollar amounts in thousands)	2010			2009

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

Loan and lease losses		(798,320	)		(1,089,892	)
Recoveries of loans previously charged off		96,097			58,052

Net loan and lease losses		(702,223	)		(1,031,840	)

Provision for loan and lease losses		556,392			1,174,676
Allowance of assets sold		(296	)		(9,188	)
Allowance for loans transferred to held-for-sale		—			(1,904	)

Allowance for loan and lease losses, end of period	$	1,336,352		$	1,031,971


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		(8,818	)		6,004

Allowance for unfunded loan commitments and letters of credit, end of period	$	40,061		$	50,143

Total allowances for credit losses	$	1,376,413		$	1,082,114


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		3.56	%		2.77	%
Nonaccrual loans and leases (NALs)		136			47
Nonperforming assets (NPAs)		121			44

Total allowances for credit losses (ACL) as % of:
Total loans and leases		3.67	%		2.90	%
Nonaccrual loans and leases (NALs)		140			50
Nonperforming assets (NPAs)		125			46

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


	Nine Months Ended September 30,
(dollar amounts in thousands)	2010			2009

Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	195,808		$	377,790	(1)
Commercial real estate:
Construction		97,924			107,361
Commercial		132,767			317,266

Commercial real estate		230,691			424,627

Total commercial		426,499			802,417

Consumer:
Automobile loans		18,093			36,338
Automobile leases		1,444			7,066

Automobile loans and leases		19,537			43,404
Home equity		110,198	(2)		70,412
Residential mortgage		126,120	(3)		92,413
Other loans		19,869			23,194

Total consumer		275,724			229,423

Total net charge-offs	$	702,223		$	1,031,840


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial (1)		2.12	%		3.78	%
Commercial real estate:
Construction		10.67			7.42
Commercial		2.88			5.67

Commercial real estate		4.17			6.03

Total commercial		2.89			4.71

Consumer:
Automobile loans		0.53			1.52
Automobile leases		1.18			2.21

Automobile loans and leases		0.56			1.60
Home equity (2)		1.95			1.24
Residential mortgage (3)		3.74			2.69
Other loans		3.84			4.36

Total consumer		2.11			1.85

Net charge-offs as a % of average loans		2.52	%		3.51	%


(1)		The 2009 first nine-month period included net charge-offs associated with the Franklin relationship totaling $114,374 thousand.

(2)		The 2010 first nine-month period included net charge-offs of $14,678 thousand associated with the transfer of Franklin-related loans to loans held for sale and $6,143 thousand of other Franklin-related net charge-offs.

(3)		The 2010 first nine-month period included net charge-offs of $60,822 thousand associated with the transfer of Franklin-related loans to loans held for sale and $14,914 thousand of other Franklin-related net charge-offs.

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


	September 30,
(dollar amounts in thousands)	2010			2009

Nonaccrual loans and leases (NALs):
Commercial and industrial	$	398,353		$	612,701
Commercial real estate		478,754			1,133,661

Alt-A mortgages		11,188			9,810
Interest-only mortgages		14,334			8,336
Franklin residential mortgages		—			322,796
Other residential mortgages		57,462			49,579

Total residential mortgages		82,984			390,521
Home equity		21,689			44,182

Total nonaccrual loans and leases		981,780			2,181,065

Other real estate, net:
Residential		65,775			81,807
Commercial		57,309			60,784

Total other real estate, net		123,084			142,591
Impaired loans held for sale (1)		—			20,386
Other NPAs		—			—

Total nonperforming assets	$	1,104,864		$	2,344,042


Nonperforming Franklin assets:
Commercial	$	—		$	—
Residential mortgage		—			322,796
Home Equity		—			15,704
OREO		15,330			30,996
Impaired loans held for sale		—			—

Total nonperforming Franklin assets	$	15,330		$	369,496


Nonaccrual loans and leases as a % of total loans and leases		2.62	%		5.85	%

NPA ratio (2)		2.94			6.26


	Nine Months Ended June 30,
	2010			2009

Nonperforming assets, beginning of period	$	2,058,091		$	1,636,646
New nonperforming assets		687,897			2,272,688
Franklin impact, net		(316,147	)		(280,730	)
Acquired nonperforming assets		—			—
Returns to accruing status		(270,747	)		(129,469	)
Loan and lease losses		(514,099	)		(756,500	)
OREO losses		(6,979	)		(55,271	)
Payments		(461,616	)		(274,286	)
Sales		(71,536	)		(69,036	)

Nonperforming assets, end of period	$	1,104,864		$	2,344,042


(1)		The September 30, 2009, figure represented impaired residential mortgage loans held for sale. Loans held for sale are carried at the lower of cost or fair value less costs to sell.

(2)		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 Troubled Debt Restructured Loans
(Unaudited)


	September 30,
(dollar amounts in thousands)	2010			2009

Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	—
Commercial real estate		—			2,546
Residential mortgage (excluding loans guaranteed by the U.S. government)		56,803			65,716
Home equity		27,160			45,334
Other loans and leases		11,423			14,175

Total, excl. loans guaranteed by the U.S. government		95,386			127,771
Add: loans guaranteed by U.S. government		94,249			102,895

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	189,635		$	230,666

Ratios:
Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.25	%		0.34	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.28	%
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.51	%		0.62	%

Accruing troubled debt restructured loans
Commercial	$	157,971		$	153,010

Alt-A mortgages		59,250			58,367
Interest-only mortgages		7,798			10,072
Other residential mortgages		220,433			136,024

Total residential mortgages		287,481			204,463
Other		73,210			42,406

Total accruing troubled debt restructured loans	$	518,662		$	399,879