Exhibit 99
HUNTINGTON BANCSHARES INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in thousands, except for ratios)
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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2001 2000 2001 2000
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EXCLUDING INTEREST ON DEPOSITS
Income before taxes $ 50,977 $ 67,540 $ 135,719 $ 352,678
Restructuring and other charges 50,817 50,000 161,782 50,000
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Operating income before taxes 101,794 117,540 297,501 402,678
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Fixed charges:
Interest expense 66,065 97,263 236,473 283,957
Interest factor of rent expense 3,623 3,549 10,773 10,604
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Total fixed charges 69,688 100,812 247,246 294,561
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Reported earnings $ 120,665 $ 168,352 $ 382,965 $ 647,239
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Operating earnings $ 171,482 $ 218,352 $ 544,747 $ 697,239
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Fixed charges $ 69,688 $ 100,812 $ 247,246 $ 294,561
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RATIO OF REPORTED EARNINGS
TO FIXED CHARGES 1.73 X 1.67 X 1.55 X 2.20 X
RATIO OF OPERATING EARNINGS
TO FIXED CHARGES 2.46 X 2.17 X 2.20 X 2.37 X
INCLUDING INTEREST ON DEPOSITS
Income before taxes $ 50,977 $ 67,540 $ 135,719 $ 352,678
Restructuring and other charges 50,817 50,000 161,782 50,000
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Operating income before taxes 101,794 117,540 297,501 402,678
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Fixed charges:
Interest expense 229,047 299,922 754,824 861,478
Interest factor of rent expense 3,623 3,549 10,773 10,604
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Total fixed charges 232,670 303,471 765,597 872,082
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Reported earnings $ 283,647 $ 371,011 $ 901,316 $1,224,760
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Operating earnings $ 334,464 $ 421,011 $1,063,098 $1,274,760
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Fixed charges $ 232,670 $ 303,471 $ 765,597 $ 872,082
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RATIO OF REPORTED EARNINGS
TO FIXED CHARGES 1.22 X 1.22 X 1.18 X 1.40 X
RATIO OF OPERATING EARNINGS
TO FIXED CHARGES 1.44 X 1.39 X 1.39 X 1.46 X