Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 14, 2002

Documents

EXHIBIT 99.1

Published on November 14, 2002



EXHIBIT 99.1
HUNTINGTON BANCSHARES INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)






THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
----------------------------------- -----------------------------------
(in thousands of dollars) 2002 2001 2002 2001
- ------------------------------------------------------------------------------------------------------------------------------------


EARNINGS:

Reported income before taxes $ 134,826 $ 50,977 $ 473,615 $ 135,719
Add: Fixed charges, excluding
interest on deposits 41,144 69,688 125,165 247,246
- -----------------------------------------------------------------------------------------------------------------------------------
Earnings available for fixed charges,
excluding interest on deposits 175,970 120,665 598,780 382,965
Add: Interest on deposits 95,629 162,982 300,461 518,351
- -----------------------------------------------------------------------------------------------------------------------------------
Earinings available for fixed charges,
including interest on deposits $ 271,599 $ 283,647 $ 899,241 $ 901,316
- -----------------------------------------------------------------------------------------------------------------------------------


FIXED CHARGES:
Interest expense, excluding
interest on deposits $ 38,265 $ 66,065 $ 116,131 $ 236,473
Interest factor in net rental expense 2,879 3,623 9,034 10,773
- -----------------------------------------------------------------------------------------------------------------------------------
Total fixed charges, excluding
interest on deposits 41,144 69,688 125,165 247,246
Add: Interest on deposits 95,629 162,982 300,461 518,351
- -----------------------------------------------------------------------------------------------------------------------------------
Total fixed charges, including
interest on deposits $ 136,773 $ 232,670 $ 425,626 $ 765,597
- -----------------------------------------------------------------------------------------------------------------------------------


RATIO OF REPORTED EARNINGS TO FIXED CHARGES
Excluding interest on deposits 4.28 X 1.73 X 4.78 X 1.55 X
Including interest on deposits 1.99 X 1.22 X 2.11 X 1.18 X