Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

May 20, 2003

Documents

EXHIBIT 99.1

Published on May 20, 2003

EXHIBIT 99.1



HUNTINGTON BANCSHARES INCORPORATED
QUARTERLY RATIOS OF EARNINGS TO FIXED CHARGES
(UNAUDITED)



2003 2002
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(in thousands of dollars) FIRST FOURTH THIRD SECOND FIRST
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EARNINGS:
Income before taxes $120,855 $ 99,081 $124,797 $101,094 $217,847
Add: Fixed charges, excluding interest on deposits 41,478 44,623 41,144 39,902 44,119
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Earnings available for fixed charges,
excluding interest on deposits 162,333 143,704 165,941 140,996 261,966
Add: Interest on deposits 80,817 89,434 95,629 94,865 109,967
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Earnings available for fixed charges,
including interest on deposits $243,150 $233,138 $261,570 $235,861 $371,933
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FIXED CHARGES:
Interest expense, excluding
interest on deposits 38,545 41,757 38,265 37,063 40,803
Interest factor in net rental expense 2,933 2,866 2,879 2,839 3,316
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Total fixed charges, excluding
interest on deposits 41,478 44,623 41,144 39,902 44,119
Add: Interest on deposits 80,817 89,434 95,629 94,865 109,967
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Total fixed charges, including
interest on deposits $122,295 $134,057 $136,773 $134,767 $154,086
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 3.91 X 3.22 X 4.03 X 3.53 X 5.94 X
Including interest on deposits 1.99 X 1.74 X 1.91 X 1.75 X 2.41 X