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