Exhibit 99.3
HUNTINGTON BANCSHARES
INCORPORATED
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THIRD QUARTER 2000
EARNINGS REVIEW
OCTOBER 17, 2000
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
FORWARD LOOKING STATEMENT DISCLOSURE
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Today's conference call and discussion, including related questions and answers,
may contain forward-looking statements, including certain plans, expectations,
goals, and projections which are subject to numerous assumptions, risks and
uncertainties. Actual results could differ materially from those contained or
implied by such statements for a variety of factors including:
o Changes in economic conditions
o Movements in interest rates
o Competitive pressures on product pricing and services
o Success and timing of business strategies
o The successful integration of acquired businesses
o The nature, extent and timing of governmental actions and reforms
o Extended disruption of vital infrastructure
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THIRD QUARTER REVIEW OUTLINE [LOGO]
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PETER GEIER, PRESIDENT AND COO
MICHAEL MCMENNAMIN, CHIEF FINANCIAL OFFICER
o OVERVIEW AND FINANCIAL REVIEW
o Q & A
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THIRD QUARTER OVERVIEW [LOGO]
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o MANAGED LOAN GROWTH OF 9%
o AUTO LEASING CHARGE
o GROWTH IN TARGETED DEPOSIT PRODUCTS
o INSURANCE REVENUE UP 13%
o J. ROLFE DAVIS INSURANCE AGENCY ACQUISITION
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KEY PERFORMANCE INDICATORS* [LOGO]
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3Q00 3Q99
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EPS $ 0.33 $ 0.41
ROA 1.15% 1.45%
ROE 14.04% 19.07%
* EXCLUDES AUTO LEASE SPECIAL CHARGE IN 3Q00
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MANAGED LOAN GROWTH* [LOGO]
AVERAGE BALANCE ($ BILLIONS)
ANNUALIZED GROWTH
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3Q00 2Q00 3Q99
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COMMERCIAL $ 6.5 (8)% 4%
REAL ESTATE 3.5 4 4
AUTO LOAN / LEASE 6.8 22 20
HOME EQUITY 2.0 22 24
DIRECT CONSUMER 3.2 18 9
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TOTAL MANAGED LOANS $22.0 9% 10%
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* ADJUSTED FOR THE IMPACT OF CREDIT CARD SALE, SECURITIZATIONS IN 2Q AND 3Q 2000
AND EMPIRE ACQUISITION
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NET INTEREST INCOME [LOGO]
($ IN MILLIONS)
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KEY DRIVERS OF IMPROVEMENT CHANGE VS. 2Q00
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SECURITIZATIONS $(4.5)
ACQUISITIONS 3.4
LOAN GROWTH 2.9
OTHER 1.2
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CHANGE $ 3.0
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NON-INTEREST INCOME [LOGO]
($ IN MILLIONS)
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3Q00 YEAR OVER YEAR*
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SERVICE CHARGES $ 39.7 (6)%
BROKERAGE/INSURANCE/TRUST 28.8 (1)
ELECTRONIC BANKING 11.2 15
MORTGAGE BANKING 9.4 (36)
OTHER 21.2 22
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TOTAL NON-INTEREST INCOME $110.3 (3)%
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* ADJUSTED FOR THE IMPACT OF CREDIT CARD SALE, SECURITIZATIONS IN 2Q AND 3Q 2000
AND EMPIRE AND JRD ACQUISITIONS
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NON-INTEREST EXPENSE [LOGO]
($ IN MILLIONS)
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3Q00 YEAR OVER YEAR*
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PERSONNEL & RELATED COSTS $109.5 3%
OCCUPANCY/EQUIPMENT 38.5 16
OUTSIDE SERVICES/SUPPLIES 20.4 5
AMORTIZATION OF INTANGIBLES 10.3 (1)
MARKETING 8.6 (6)
OTHER 26.3 (13)
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TOTAL NON-INTEREST EXPENSE $213.6 2%
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* ADJUSTED FOR THE IMPACT OF CREDIT CARD SALE, SECURITIZATIONS IN 2Q AND 3Q 2000
AND EMPIRE AND JRD ACQUISITIONS
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Graph entitled "Credit Quality" indicates:
* coverage of non-performing assets moving from 316% in the third quarter of
1999, to 307% in the second quarter of 2000, to 327% in the third quarter of
2000, and
*decreasing non-performing asset ratio (percent of non-performing assets to
total loans plus other real estate) decreasing from .47% in the third quarter of
1999, to .46% in the second quarter of 2000, to .44% in the third quarter of
2000.
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NET CHARGE-OFFS SUMMARY [LOGO]
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ON A MANAGED BASIS
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3Q00 2Q00 3Q99
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COMMERCIAL 0.24% 0.15% 0.18%
CONSUMER* 0.68 0.46 0.44
REAL ESTATE 0.07 0.03 0.09
TOTAL 0.45 0.30 0.30
* RE-STATED FOR CREDIT CARD SALE
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CONSUMER CHARGE-OFFS [LOGO]
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ON A MANAGED BASIS
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3Q00 2Q00 3Q99
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INDIRECT 1.09% .68% .68%
INSTALLMENT .54 .46 .53
PCL .33 .25 .24
VEHICLE LEASE .80 .57 .36
RESIDENTIAL R/E .05 .03 .09
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[LOGO] HUNTINGTON
BANKING. INVESTMENTS. INSURANCE.
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