EXHIBIT 99 HUNTINGTON BANCSHARES INCORPORATED RATIO OF EARNINGS TO FIXED CHARGES (Amounts in thousands, except for ratios)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------------- ------------------------ 2001 2000 2001 2000 --------- --------- --------- --------- EXCLUDING INTEREST ON DEPOSITS (Loss) Income before taxes ................. $ (8,552) $ 134,560 $ 84,742 $ 285,138 Restructuring and other charges ............ 110,965 --- 110,965 --- --------- --------- --------- --------- Operating income before taxes .............. 102,413 134,560 195,707 285,138 --------- --------- --------- --------- Fixed charges: Interest expense ................... 80,638 94,477 170,408 186,694 Interest factor of rent expense .... 3,578 3,450 7,150 7,055 --------- --------- --------- --------- Total fixed charges ............. 84,216 97,927 177,558 193,749 --------- --------- --------- --------- Reported earnings .......................... $ 75,664 $ 232,487 $ 262,300 $ 478,887 ========= ========= ========= ========= Operating earnings ......................... $ 186,629 $ 232,487 $ 373,265 $ 478,887 ========= ========= ========= ========= Fixed charges .............................. $ 84,216 $ 97,927 $ 177,558 $ 193,749 ========= ========= ========= ========= RATIO OF REPORTED EARNINGS TO FIXED CHARGES 0.90 X 2.37 X 1.48 X 2.47 X Ratio of Operating Earnings to Fixed Charges 2.22 X 2.37 X 2.10 X 2.47 X INCLUDING INTEREST ON DEPOSITS (Loss) Income before taxes ................. $ (8,552) $ 134,560 $ 84,742 $ 285,138 Restructuring and other charges ............ 110,965 --- 110,965 --- --------- --------- --------- --------- Operating income before taxes .............. 102,413 134,560 195,707 285,138 --------- --------- --------- --------- Fixed charges: Interest expense ................... 250,926 286,690 525,777 561,556 Interest factor of rent expense .... 3,578 3,450 7,150 7,055 --------- --------- --------- --------- Total fixed charges ............. 254,504 290,140 532,927 568,611 --------- --------- --------- --------- Reported earnings .......................... $ 245,952 $ 424,700 $ 617,669 $ 853,749 ========= ========= ========= ========= Operating earnings ......................... $ 356,917 $ 424,700 $ 728,634 $ 853,749 ========= ========= ========= ========= Fixed charges .............................. $ 254,504 $ 290,140 $ 532,927 $ 568,611 ========= ========= ========= ========= RATIO OF REPORTED EARNINGS TO FIXED CHARGES 0.97 X 1.46 X 1.16 X 1.50 X Ratio of Operating Earnings to Fixed Charges 1.40 X 1.46 X 1.37 X 1.50 X