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