Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 7, 2002

Documents

EXHIBIT 99

Published on March 7, 2002




EXHIBIT 99

HUNTINGTON BANCSHARES INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)




TWELVE MONTHS ENDED DECEMBER 31,
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(in thousands of dollars) 2001 2000 1999 1998 1997
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EARNINGS:
Income before taxes $ 173,282 $ 459,895 $ 614,771 $ 440,122 $ 459,164
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Add: Fixed charges, excluding
interest on deposits 299,872 398,214 356,563 316,075 317,694
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Earnings available for fixed charges,
excluding interest on deposits 473,154 858,109 971,334 756,197 776,858
Add: Interest on deposits 657,892 782,076 639,605 672,433 646,121
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Earinings available for fixed charges,
including interest on deposits $1,131,046 $1,640,185 $1,610,939 $1,428,630 $1,422,979
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FIXED CHARGES:
Interest expense, excluding
interest on deposits 285,445 383,997 344,635 305,838 308,122
Interest factor in net rental expense 14,427 14,217 11,928 10,237 9,572
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Total fixed charges, excluding
interest on deposits 299,872 398,214 356,563 316,075 317,694
Add: Interest on deposits 657,892 782,076 639,605 672,433 646,121
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Total fixed charges, including
interest on deposits $ 957,764 $1,180,290 $ 996,168 $ 988,508 $ 963,815
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Ratio of Earnings to Fixed Charges
Excluding interest on deposits 1.58X 2.15X 2.72X 2.39X 2.45X
Including interest on deposits 1.18X 1.39X 1.62X 1.45X 1.48X