Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 14, 2001

Documents

EXHIBIT 99

Published on November 14, 2001

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,
--------------------------- ---------------------------
2001 2000 2001 2000
---------- ---------- ---------- ----------

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
---------- ---------- ---------- ----------
Operating income before taxes 101,794 117,540 297,501 402,678
---------- ---------- ---------- ----------

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
---------- ---------- ---------- ----------

Total fixed charges 69,688 100,812 247,246 294,561
---------- ---------- ---------- ----------

Reported earnings $ 120,665 $ 168,352 $ 382,965 $ 647,239
========== ========== ========== ==========
Operating earnings $ 171,482 $ 218,352 $ 544,747 $ 697,239
========== ========== ========== ==========

Fixed charges $ 69,688 $ 100,812 $ 247,246 $ 294,561
========== ========== ========== ==========

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
---------- ---------- ---------- ----------
Operating income before taxes 101,794 117,540 297,501 402,678
---------- ---------- ---------- ----------

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
---------- ---------- ---------- ----------

Total fixed charges 232,670 303,471 765,597 872,082
---------- ---------- ---------- ----------

Reported earnings $ 283,647 $ 371,011 $ 901,316 $1,224,760
========== ========== ========== ==========
Operating earnings $ 334,464 $ 421,011 $1,063,098 $1,274,760
========== ========== ========== ==========

Fixed charges $ 232,670 $ 303,471 $ 765,597 $ 872,082
========== ========== ========== ==========

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