Form: 10-Q/A

Quarterly report pursuant to Section 13 or 15(d)

November 14, 2003

Documents

EXHIBIT 12

Published on November 14, 2003


EXHIBIT 12

Huntington Bancshares Incorporated
Quarterly Ratios of Earnings to Fixed Charges
(Unaudited and Restated)



2003 2002
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(in thousands of dollars) SECOND FIRST FOURTH THIRD SECOND
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EARNINGS:


Income before taxes $ 133,166 $ 122,360 $ 90,489 $ 116,067 $ 95,353
Add: Fixed charges, excluding interest on deposits 41,390 41,411 44,690 41,131 39,942
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Earnings available for fixed charges,
excluding interest on deposits 174,556 163,771 135,179 157,198 135,295
Add: Interest on deposits 76,383 79,710 88,404 94,647 93,759
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Earnings available for fixed charges,
including interest on deposits $ 250,939 $ 243,481 $ 223,583 $ 251,845 $ 229,054
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FIXED CHARGES:
Interest expense, excluding
interest on deposits $ 38,501 $ 38,545 $ 41,757 $ 38,265 $ 37,063
Interest factor in net rental expense 2,889 2,866 2,933 2,866 2,879
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Total fixed charges, excluding
interest on deposits 41,390 41,411 44,690 41,131 39,942
Add: Interest on deposits 76,383 79,710 88,404 94,647 93,759
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Total fixed charges, including
interest on deposits $ 117,773 $ 121,121 $ 133,094 $ 135,778 $ 133,701
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 4.22 X 3.95 X 3.02 X 3.82 X 3.39 X
Including interest on deposits 2.13 X 2.01 X 1.68 X 1.85 X 1.71 X