EXHIBIT 99.1
HUNTINGTON BANCSHARES INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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(in thousands of dollars) 2002 2001 2002 2001
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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
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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
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Earinings available for fixed charges,
including interest on deposits $248,654 $ 245,952 $627,641 $617,669
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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
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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
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Total fixed charges, including
interest on deposits $134,767 $ 254,504 $288,852 $532,927
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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