. . . EXHIBIT 12 HUNTINGTON BANCSHARES INCORPORATED QUARTERLY RATIOS OF EARNINGS TO FIXED CHARGES (UNAUDITED)
2003 2002 --------------------------------------------- ---------------------------------- (in thousands of dollars) THIRD SECOND FIRST FOURTH THIRD - ----------------------------------------------------------------------------------------------- ---------------------------------- (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 - ------------------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------------------ Earnings available for fixed charges, including interest on deposits \$ 257,191 \$ 250,983 \$ 243,504 \$ 223,583 \$ 251,845 ==================================================================================================================================== 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 - ------------------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------------------ Total fixed charges, including interest on deposits \$ 115,749 \$ 117,817 \$ 121,144 \$ 133,094 \$ 135,778 ==================================================================================================================================== 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