EXHIBIT 99.1 HUNTINGTON BANCSHARES INCORPORATED RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ---------------------- --------------------- (in thousands of dollars) 2002 2001 2002 2001 -------- --------- -------- -------- EARNINGS: Reported income (loss) before taxes $113,887 $ (8,552) $338,789 $ 84,742 Add: Fixed charges, excluding interest on deposits 39,902 84,216 84,020 177,558 -------- --------- -------- -------- Earnings available for fixed charges, excluding interest on deposits 153,789 75,664 422,809 262,300 Add: Interest on deposits 94,865 170,288 204,832 355,369 -------- --------- -------- -------- Earinings available for fixed charges, including interest on deposits $248,654 $ 245,952 $627,641 $617,669 ======== ========= ======== ======== FIXED CHARGES: Interest expense, excluding interest on deposits $ 37,063 $ 80,638 $ 77,866 $170,408 Interest factor in net rental expense 2,839 3,578 6,154 7,150 -------- --------- -------- -------- Total fixed charges, excluding interest on deposits 39,902 84,216 84,020 177,558 Add: Interest on deposits 94,865 170,288 204,832 355,369 -------- --------- -------- -------- Total fixed charges, including interest on deposits $134,767 $ 254,504 $288,852 $532,927 ======== ========= ======== ======== RATIO OF REPORTED EARNINGS TO FIXED CHARGES Excluding interest on deposits 3.85 X 0.90 X 5.03 X 1.48 X Including interest on deposits 1.85 X 0.97 X 2.17 X 1.16 X