Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 14, 2003

Documents

EXHIBIT 12

Published on November 14, 2003

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EXHIBIT 12

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






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


EARNINGS:

Income before taxes $ 141,442 $ 133,166 $ 122,360 $ 90,489 $ 116,067
Add: Fixed charges, excluding interest
on deposits 48,184 41,434 41,434 44,690 41,131
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Earnings available for fixed charges,
excluding interest on deposits 189,626 174,600 163,794 135,179 157,198
Add: Interest on deposits 67,565 76,383 79,710 88,404 94,647
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Earnings available for fixed charges,
including interest on deposits $ 257,191 $ 250,983 $ 243,504 $ 223,583 $ 251,845
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FIXED CHARGES:
Interest expense, excluding
interest on deposits $ 45,284 $ 38,501 $ 38,545 $ 41,757 $ 38,265
Interest factor in net rental expense 2,900 2,933 2,889 2,933 2,866
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Total fixed charges, excluding
interest on deposits 48,184 41,434 41,434 44,690 41,131
Add: Interest on deposits 67,565 76,383 79,710 88,404 94,647
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Total fixed charges, including
interest on deposits $ 115,749 $ 117,817 $ 121,144 $ 133,094 $ 135,778
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 3.94 x 4.21 x 3.95 x 3.02 x 3.82 x
Including interest on deposits 2.22 x 2.13 x 2.01 x 1.68 x 1.85 x