EX-99.2

EXHIBIT 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
September 2005

Table of Contents


Consolidated Balance Sheets			1

Credit Exposure Composition			2

Deposit Composition			3

Consolidated Quarterly Average Balance Sheets			4

Consolidated Quarterly Net Interest Margin Analysis			5

Quarterly Average Loans and Direct Financing Leases and Deposit Composition By Business Segment			6

Selected Quarterly Income Statement Data			7

Quarterly Credit Reserves Analysis			8

Quarterly Net Charge-Off Analysis			9

Quarterly Non-Performing Assets and Past Due Loans and Leases			10

Quarterly Stock Summary, Capital, and Other Data			11

Quarterly Operating Lease Performance			12

Consolidated Year To Date Average Balance Sheets			13

Consolidated Year To Date Net Interest Margin Analysis			14

Selected Year To Date Income Statement Data			15

Year To Date Credit Reserves Analysis			16

Year To Date Net Charge-Off Analysis			17

Year To Date Operating Lease Performance			18

Note:

The preparation of financial statement data in conformity with accounting principals generally accepted in the United States requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Huntington Bancshares Incorporated
Consolidated Balance Sheets


										Change
	2005			2004						September ’05 vs ’04
(in thousands of dollars, except per share amounts)	September 30,			December 31,			September 30,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	803,425		$	877,320		$	1,053,358		$	(249,933	)		(23.7)	%
Federal funds sold and securities purchased under resale agreements		78,325			628,040			838,833			(760,508	)		(90.7	)
Interest bearing deposits in banks		22,379			22,398			36,155			(13,776	)		(38.1	)
Trading account securities		191,418			309,630			120,334			71,084			59.1
Loans held for sale		449,096			223,469			205,913			243,183			N.M.
Investment securities		4,304,898			4,238,945			4,150,044			154,854			3.7
Loans and leases ⁽¹⁾		24,496,287			23,560,277			22,587,259			1,909,028			8.5
Allowance for loan and lease losses		(253,943	)		(271,211	)		(282,650	)		28,707			(10.2	)

Net loans and leases		24,242,344			23,289,066			22,304,609			1,937,735			8.7

Operating lease assets		274,190			587,310			717,411			(443,221	)		(61.8	)
Bank owned life insurance		993,407			963,059			954,911			38,496			4.0
Premises and equipment		358,876			355,115			356,438			2,438			0.7
Goodwill and other intangible assets		217,703			215,807			216,011			1,692			0.8
Customers’ acceptance liability		7,463			11,299			8,787			(1,324	)		(15.1	)
Accrued income and other assets		819,464			844,039			845,436			(25,972	)		(3.1	)

Total Assets	$	32,762,988		$	32,565,497		$	31,808,240		$	954,748			3.0	%


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	22,349,122		$	20,768,161		$	20,109,025		$	2,240,097			11.1	%
Short-term borrowings		1,502,566			1,207,233			1,215,887			286,679			23.6
Federal Home Loan Bank advances		1,155,656			1,271,088			1,270,454			(114,798	)		(9.0	)
Other long-term debt		2,795,431			4,016,004			4,094,185			(1,298,754	)		(31.7	)
Subordinated notes		1,034,343			1,039,793			1,040,901			(6,558	)		(0.6	)
Allowance for unfunded loan commitments and letters of credit		38,098			33,187			30,007			8,091			27.0
Bank acceptances outstanding		7,463			11,299			8,787			(1,324	)		(15.1	)
Deferred federal income tax liability		768,344			783,628			723,525			44,819			6.2
Accrued expenses and other liabilities		489,290			897,466			854,552			(365,262	)		(42.7	)

Total Liabilities		30,140,313			30,027,859			29,347,323			792,990			2.7

Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding		—			—			—			—			—
Common stock — without par value; authorized 500,000,000 shares; issued 257,866,255 shares; outstanding 229,005,823; 231,605,281 and 230,153,486 shares, respectively.		2,490,919			2,484,204			2,482,904			8,015			0.3
Less 28,860,432; 26,260,974 and 27,712,769 treasury shares, respectively		(575,941	)		(499,259	)		(526,967	)		(48,974	)		9.3
Accumulated other comprehensive loss		(21,839	)		(10,903	)		(13,812	)		(8,027	)		58.1
Retained earnings		729,536			563,596			518,792			210,744			40.6

Total Shareholders’ Equity		2,622,675			2,537,638			2,460,917			161,758			6.6

Total Liabilities and Shareholders’ Equity	$	32,762,988		$	32,565,497		$	31,808,240		$	954,748			3.0	%


N.M., not a meaningful value.

⁽¹⁾		See page 2 for detail of loans and leases.

⁽²⁾		See page 3 for detail of deposits.

Huntington Bancshares Incorporated
Credit Exposure Composition


													Change
	2005				2004								September ’05 vs ‘04
(in thousands of dollars)	September 30,				December 31,				September 30				Amount			Percent
	*(Unaudited)*								(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	4,790,680	19.3	%	$	4,660,141	19.3	%	$	4,352,952	18.7	%	$	437,728			10.1	%
Construction		1,762,237	7.1			1,592,125	6.6			1,538,135	6.6			224,102			14.6
Commercial		1,885,027	7.6			1,881,835	7.8			1,898,015	8.1			(12,988	)		(0.7	)

Middle market commercial real estate		3,647,264	14.7			3,473,960	14.4			3,436,150	14.7			211,114			6.1

Small business commercial and industrial and commercial real estate		2,234,988	9.1			2,168,877	8.9			2,124,602	9.2			110,386			5.2

Total commercial		10,672,932	43.1			10,302,978	42.6			9,913,704	42.6			759,228			7.7

Consumer:
Automobile loans		2,063,285	8.3			1,948,667	8.1			1,884,924	8.1			178,361			9.5
Automobile leases		2,381,004	9.6			2,443,455	10.1			2,316,801	9.9			64,203			2.8
Home equity		4,684,904	18.9			4,554,540	18.9			4,429,626	19.0			255,278			5.8
Residential mortgage		4,180,350	16.9			3,829,234	15.9			3,565,670	15.3			614,680			17.2
Other loans		513,812	2.1			481,403	2.0			476,534	2.0			37,278			7.8

Total consumer		13,823,355	55.8			13,257,299	55.0			12,673,555	54.3			1,149,800			9.1

Total loans and direct financing leases	$	24,496,287	98.9		$	23,560,277	97.6		$	22,587,259	96.9		$	1,909,028			8.5


Operating lease assets		274,190	1.1			587,310	2.4			717,411	3.1			(443,221	)		(61.8	)

Total credit exposure	$	24,770,477	100.0	%	$	24,147,587	100.0	%	$	23,304,670	100.0	%	$	1,465,807			6.3	%


Total automobile exposure ⁽¹⁾	$	4,718,479	19.0	%	$	4,979,432	20.6	%	$	4,919,136	21.1	%	$	(200,657	)		(4.1	)%


By Business Segment ⁽²⁾
Regional Banking:
Central Ohio	$	3,223,920	13.0	%	$	3,096,709	12.8	%	$	3,029,332	13.0	%	$	194,588			6.4	%
Northern Ohio		2,952,508	11.9			2,857,746	11.8			2,810,332	12.1			142,176			5.1
Southern Ohio / Kentucky		2,064,617	8.3			1,895,180	7.8			1,825,652	7.8			238,965			13.1
West Michigan		2,369,813	9.6			2,271,682	9.4			2,236,001	9.6			133,812			6.0
East Michigan		1,530,757	6.2			1,430,169	5.9			1,387,543	6.0			143,214			10.3
West Virginia		948,854	3.8			882,016	3.7			867,271	3.7			81,583			9.4
Indiana		967,324	3.9			961,700	4.0			862,833	3.7			104,491			12.1
Mortgage and equipment leasing groups		3,505,072	14.2			3,196,762	13.2			2,978,350	12.8			526,722			17.7

Regional Banking		17,562,865	70.8			16,591,964	68.7			15,997,314	68.7			1,565,551			9.8
Dealer Sales⁽³⁾		5,492,278	22.2			5,920,256	24.5			5,765,184	24.7			(272,906	)		(4.7	)
Private Financial and Capital Markets Group		1,715,334	7.0			1,635,367	6.8			1,542,172	6.6			173,162			11.2
Treasury / Other		—	—			—	—			—	—			—			—

Total credit exposure	$	24,770,477	100.0	%	$	24,147,587	100.0	%	$	23,304,670	100.0	%	$	1,465,807			6.3	%


⁽¹⁾		Sum of automobile loans and leases and automobile operating lease assets.

⁽²⁾		Prior period amounts have been reclassified to conform to the current period business segment structure.

⁽³⁾		Includes operating lease inventory.

Huntington Bancshares Incorporated
Deposit Composition


													Change
	2005				2004								September ’05 vs ’04
(in thousand dollers)	September 30,				December 31,				September 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Demand deposits — non-interest bearing	$	3,361,749	15.0	%	$	3,392,123	16.3	%	$	3,264,145	16.2	%	$	97,604			3.0	%
Demand deposits — interest bearing		7,481,019	33.5			7,786,377	37.5			7,471,779	37.2			9,240			0.1
Savings and other domestic time deposits		3,186,354	14.3			3,502,552	16.9			3,570,494	17.8			(384,140	)		(10.8	)
Retail certificates of deposit		3,281,457	14.7			2,466,965	11.9			2,441,387	12.1			840,070			34.4

Total core deposits		17,310,579	77.5			17,148,017	82.6			16,747,805	83.3			562,774			3.4

Domestic time deposits of $100,000 or more		1,356,875	6.1			1,081,660	5.2			997,952	5.0			358,923			36.0
Brokered deposits and negotiable CDs		3,228,083	14.4			2,097,537	10.1			1,896,135	9.4			1,331,948			70.2
Deposits in foreign offices		453,585	2.0			440,947	2.1			467,133	2.3			(13,548	)		(2.9	)

Total deposits	$	22,349,122	100.0	%	$	20,768,161	100.0	%	$	20,109,025	100.0	%	$	2,240,097			11.1	%


Total core deposits:
Commercial	$	5,424,728	31.3	%	$	5,293,666	30.9	%	$	5,227,613	31.2	%	$	197,115			3.8	%
Personal		11,885,851	68.7			11,854,351	69.1			11,520,192	68.8			365,659			3.2

Total core deposits	$	17,310,579	100.0	%	$	17,148,017	100.0	%	$	16,747,805	100.0	%	$	562,774			3.4	%


By Business Segment ⁽¹⁾
Regional Banking:
Central Ohio	$	4,433,948	19.8	%	$	4,500,840	21.7	%	$	4,227,005	21.0	%	$	206,943			4.9	%
Northern Ohio		4,035,762	18.1			4,068,385	19.6			4,012,247	20.0			23,515			0.6
Southern Ohio / Kentucky		1,915,034	8.6			1,742,353	8.4			1,599,685	8.0			315,349			19.7
West Michigan		2,783,571	12.5			2,643,510	12.7			2,699,059	13.4			84,512			3.1
East Michigan		2,311,421	10.3			2,222,191	10.7			2,165,533	10.8			145,888			6.7
West Virginia		1,428,172	6.4			1,375,151	6.6			1,380,934	6.9			47,238			3.4
Indiana		770,834	3.4			663,927	3.2			665,368	3.3			105,466			15.9
Mortgage and equipment leasing groups		177,026	0.8			194,624	0.9			199,944	1.0			(22,918	)		(11.5	)

Regional Banking		17,855,768	79.9			17,410,981	83.8			16,949,775	84.4			905,993			5.3
Dealer Sales		72,411	0.3			74,969	0.4			68,944	0.3			3,467			5.0
Private Financial and Capital Markets Group		1,186,360	5.3			1,176,303	5.7			1,126,807	5.6			59,553			5.3
Treasury / Other⁽²⁾		3,234,583	14.5			2,105,908	10.1			1,963,499	9.7			1,271,084			64.7

Total deposits	$	22,349,122	100.0	%	$	20,768,161	100.0	%	$	20,109,025	100.0	%	$	2,240,097			11.1	%


⁽¹⁾		Prior period amounts have been reclassified to conform to the current period business segment structure.

⁽²⁾		Comprised largely of brokered deposits and negotiable CDs.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


	Average Balances															Change
Fully taxable equivalent basis	2005									2004						3Q05 vs 3Q04
(in millions of dollars)	Third			Second			First			Fourth			Third			Amount			Percent

Assets
Interest bearing deposits in banks	$	54		$	54		$	53		$	60		$	55		$	(1	)		(1.8	)%
Trading account securities		274			236			200			228			148			126			85.1
Federal funds sold and securities purchased under resale agreements		142			225			475			695			318			(176	)		(55.3	)
Loans held for sale		427			276			203			229			283			144			50.9
Investment securities:
Taxable		3,523			3,589			3,932			3,858			4,340			(817	)		(18.8	)
Tax-exempt		537			411			409			404			398			139			34.9

Total investment securities		4,060			4,000			4,341			4,262			4,738			(678	)		(14.3	)
Loans and leases:⁽¹⁾
Commercial:
Middle market commercial and industrial		4,708			4,901			4,710			4,503			4,298			410			9.5
Construction		1,720			1,678			1,642			1,577			1,514			206			13.6
Commercial		1,922			1,905			1,883			1,852			1,913			9			0.5

Middle market commercial real estate		3,642			3,583			3,525			3,429			3,427			215			6.3
Small business commercial and industrial and commercial real estate		2,251			2,230			2,183			2,136			2,081			170			8.2

Total commercial		10,601			10,714			10,418			10,068			9,806			795			8.1

Consumer:
Automobile loans		2,078			2,069			2,008			1,913			1,857			221			11.9
Automobile leases		2,424			2,468			2,461			2,388			2,250			174			7.7

Automobile loans and leases		4,502			4,537			4,469			4,301			4,107			395			9.6
Home equity		4,681			4,636			4,570			4,489			4,337			344			7.9
Residential mortgage		4,157			4,080			3,919			3,695			3,484			673			19.3
Other loans		507			491			480			479			461			46			10.0

Total consumer		13,847			13,744			13,438			12,964			12,389			1,458			11.8

Total loans and leases		24,448			24,458			23,856			23,032			22,195			2,253			10.2
Allowance for loan and lease losses		(256	)		(270	)		(282	)		(283	)		(288	)		32			11.1

Net loans and leases		24,192			24,188			23,574			22,749			21,907			2,285			10.4

Total earning assets		29,405			29,249			29,128			28,506			27,737			1,668			6.0

Operating lease assets		309			409			529			648			800			(491	)		(61.4	)
Cash and due from banks		867			865			909			880			928			(61	)		(6.6	)
Intangible assets		217			218			218			216			216			1			0.5
All other assets		2,197			2,149			2,079			2,094			2,066			131			6.3

Total Assets	$	32,739		$	32,620		$	32,581		$	32,061		$	31,459		$	1,280			4.1	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits - non-interest bearing	$	3,406		$	3,352		$	3,314		$	3,401		$	3,276		$	130			4.0	%
Demand deposits - interest bearing		7,539			7,677			7,925			7,658			7,384			155			2.1
Savings and other domestic time deposits		3,095			3,230			3,317			3,395			3,436			(341	)		(9.9	)
Retail certificates of deposit		3,157			2,720			2,496			2,454			2,414			743			30.8

Total core deposits		17,197			16,979			17,052			16,908			16,510			687			4.2
Domestic time deposits of $100,000 or more		1,271			1,248			1,249			990			886			385			43.5
Brokered deposits and negotiable CDs		3,286			3,249			2,720			1,948			1,755			1,531			87.2
Deposits in foreign offices		462			434			442			465			476			(14	)		(2.9	)

Total deposits		22,216			21,910			21,463			20,311			19,627			2,589			13.2
Short-term borrowings		1,559			1,301			1,179			1,302			1,342			217			16.2
Federal Home Loan Bank advances		935			1,136			1,196			1,270			1,270			(335	)		(26.4	)
Subordinated notes and other long-term debt		3,960			4,100			4,517			5,099			5,244			(1,284	)		(24.5	)

Total interest bearing liabilities		25,264			25,095			25,041			24,581			24,207			1,057			4.4

All other liabilities		1,458			1,554			1,699			1,598			1,564			(106	)		(6.8	)
Shareholders’ equity		2,611			2,619			2,527			2,481			2,412			199			8.3

Total Liabilities and Shareholders’ Equity	$	32,739		$	32,620		$	32,581		$	32,061		$	31,459		$	1,280			4.1	%


⁽¹⁾		For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin Analysis
(Unaudited)


	Average Rates⁽²⁾
	2005									2004
Fully taxable equivalent basis ⁽¹⁾	Third			Second			First			Fourth			Third

Assets
Interest bearing deposits in banks		2.13	%		1.47	%		1.88	%		1.61	%		0.91	%
Trading account securities		3.95			3.94			4.14			4.15			4.44
Federal funds sold and securities purchased under resale agreements		3.41			2.76			2.36			1.99			1.53
Loans held for sale		5.43			6.04			5.55			5.69			5.25
Investment securities:
Taxable		4.37			4.13			3.87			3.77			3.83
Tax-exempt		6.62			6.76			6.73			6.89			7.06

Total investment securities		4.67			4.40			4.14			4.07			4.10
Loans and leases:⁽³⁾
Commercial:
Middle market commercial and industrial		5.87			5.65			5.02			4.80			4.46
Construction		6.16			5.70			5.13			4.65			4.13
Commercial		5.90			5.44			5.15			4.80			4.45

Middle market commercial real estate		6.02			5.56			5.14			4.73			4.31
Small business commercial and industrial and commercial real estate		6.17			5.99			5.81			5.67			5.45

Total commercial		5.98			5.69			5.23			4.96			4.62

Consumer:
Automobile loans		6.44			6.57			6.83			7.31			7.65
Automobile leases		4.94			4.91			4.92			5.00			5.02

Automobile loans and leases		5.63			5.67			5.78			6.02			6.21
Home equity		6.60			6.24			5.77			5.30			4.84
Residential mortgage		5.45			5.37			5.36			5.53			5.48
Other loans		5.92			6.22			6.42			6.87			6.54

Total consumer		5.91			5.79			5.67			5.66			5.54

Total loans and leases		5.94			5.75			5.48			5.34			5.12

Total earning assets		5.72	%		5.52	%		5.21	%		5.05	%		4.89	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits - non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits - interest bearing		1.87			1.64			1.45			1.21			1.06
Savings and other domestic time deposits		1.39			1.34			1.27			1.26			1.24
Retail certificates of deposit		3.58			3.49			3.43			3.38			3.32

Total core deposits		2.15			1.94			1.76			1.62			1.52
Domestic time deposits of $100,000 or more		3.60			3.27			2.92			2.51			2.40
Brokered deposits and negotiable CDs		3.66			3.25			2.80			2.26			1.84
Deposits in foreign offices		2.28			1.95			1.41			0.98			0.83

Total deposits		2.52			2.26			1.99			1.73			1.58
Short-term borrowings		2.74			2.16			1.66			1.17			0.92
Federal Home Loan Bank advances		3.08			3.02			2.90			2.68			2.60
Subordinated notes and other long-term debt		4.20			3.91			3.39			2.67			2.62

Total interest bearing liabilities		2.82	%		2.56	%		2.27	%		1.94	%		1.82	%


Net interest rate spread		2.90	%		2.96	%		2.94	%		3.11	%		3.07	%
Impact of non-interest bearing funds on margin		0.41			0.40			0.37			0.27			0.23

Net interest margin		3.31	%		3.36	%		3.31	%		3.38	%		3.30	%


⁽¹⁾		Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 7 for the FTE adjustment.

⁽²⁾		Loan, lease, and deposit average rates include impact of applicable derivatives and non-deferrable fees.

⁽³⁾		For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Quarterly Average Loans and Direct Financing Leases
and Deposit Composition By Business Segment

(Unaudited)


	Average Balances										Change
	2005						2004				3Q05 vs 3Q04
(in millions of dollars)	Third		Second		First		Fourth		Third		Amount		Percent

Loans and direct financing leases⁽¹⁾
Regional Banking:
Central Ohio	$	3,181	$	3,173	$	3,105	$	3,073	$	3,008	$	173		5.8	%
Northern Ohio		2,926		2,921		2,867		2,810		2,747		179		6.5
Southern Ohio / Kentucky		2,080		2,067		1,967		1,862		1,794		286		15.9
West Michigan		2,377		2,366		2,297		2,255		2,230		147		6.6
East Michigan		1,507		1,479		1,444		1,402		1,376		131		9.5
West Virginia		944		907		878		875		840		104		12.4
Indiana		983		1,022		980		906		835		148		17.7
Mortgage and equipment leasing groups		3,433		3,364		3,266		3,064		2,847		586		20.6

Regional Banking		17,431		17,299		16,804		16,247		15,677		1,754		11.2
Dealer Sales		5,316		5,496		5,410		5,204		4,982		334		6.7
Private Financial and Capital Markets Group		1,701		1,663		1,642		1,581		1,536		165		10.7
Treasury / Other		—		—		—		—		—		—		—

Total loans and direct financing leases	$	24,448	$	24,458	$	23,856	$	23,032	$	22,195	$	2,253		10.2	%


Deposit composition⁽¹⁾
Regional Banking:
Central Ohio	$	4,494	$	4,555	$	4,487	$	4,344	$	4,190	$	304		7.3	%
Northern Ohio		4,072		3,931		4,085		4,028		3,937		135		3.4
Southern Ohio / Kentucky		1,861		1,750		1,764		1,665		1,573		288		18.3
West Michigan		2,671		2,638		2,684		2,672		2,641		30		1.1
East Michigan		2,267		2,270		2,298		2,199		2,132		135		6.3
West Virginia		1,408		1,387		1,367		1,359		1,373		35		2.5
Indiana		746		723		698		679		665		81		12.2
Mortgage and equipment leasing groups		215		197		179		213		202		13		6.4

Regional Banking		17,734		17,451		17,562		17,159		16,713		1,021		6.1
Dealer Sales		72		69		71		72		72		—		—
Private Financial and Capital Markets Group		1,116		1,133		1,094		1,116		1,049		67		6.4
Treasury / Other		3,294		3,257		2,736		1,964		1,793		1,501		83.7

Total deposits	$	22,216	$	21,910	$	21,463	$	20,311	$	19,627	$	2,589		13.2	%


⁽¹⁾		Prior period amounts have been reclassified to conform to the current period business segment structure.

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)


	2005									2004						3Q05 vs 3Q04
(in thousands of dollars, except per share amounts)	Third			Second			First			Fourth			Third			Amount			Percent

Interest income	$	420,858		$	402,326		$	376,105		$	359,215		$	338,002		$	82,856			24.5	%
Interest expense		179,221			160,426			140,907			120,147			110,944			68,277			61.5

Net interest income		241,637			241,900			235,198			239,068			227,058			14,579			6.4
Provision for credit losses		17,699			12,895			19,874			12,654			11,785			5,914			50.2

Net interest income after provision for credit losses		223,938			229,005			215,324			226,414			215,273			8,665			4.0

Service charges on deposit accounts		44,817			41,516			39,418			41,747			43,935			882			2.0
Trust services		19,671			19,113			18,196			17,315			17,064			2,607			15.3
Brokerage and insurance income		13,948			13,544			13,026			12,879			13,200			748			5.7
Bank owned life insurance income		10,104			10,139			10,104			10,484			10,019			85			0.8
Other service charges and fees		11,449			11,252			10,159			10,617			10,799			650			6.0
Mortgage banking income (loss)		21,116			(2,376	)		12,061			8,822			4,448			16,668			N.M.
Securities gains (losses)		101			(343	)		957			2,100			7,803			(7,702	)		(98.7	)
Gains on sales of automobile loans		502			254			—			—			312			190			60.9
Other income		9,770			24,974			17,397			23,870			17,899			(8,129	)		(45.4	)

Sub-total before operating lease income		131,478			118,073			121,318			127,834			125,479			5,999			4.8
Operating lease income		29,262			38,097			46,732			55,106			64,412			(35,150	)		(54.6	)

Total non-interest income		160,740			156,170			168,050			182,940			189,891			(29,151	)		(15.4	)

Personnel costs		117,476			124,090			123,981			122,738			121,729			(4,253	)		(3.5	)
Net occupancy		16,653			17,257			19,242			26,082			16,838			(185	)		(1.1	)
Outside data processing and other services		18,062			18,113			18,770			18,563			17,527			535			3.1
Equipment		15,531			15,637			15,863			15,733			15,295			236			1.5
Professional services		8,323			9,347			9,459			9,522			12,219			(3,896	)		(31.9	)
Marketing		6,779			7,441			6,454			5,581			5,000			1,779			35.6
Telecommunications		4,512			4,801			4,882			4,596			5,359			(847	)		(15.8	)
Printing and supplies		3,102			3,293			3,094			3,148			3,201			(99	)		(3.1	)
Amortization of intangibles		203			204			204			205			204			(1	)		(0.5	)
Restructuring reserve releases		—			—			—			—			(1,151	)		1,151			N.M.
Other expense		19,588			19,074			18,380			26,526			22,317			(2,729	)		(12.2	)

Sub-total before operating lease expense		210,229			219,257			220,329			232,694			218,538			(8,309	)		(3.8	)
Operating lease expense		22,823			28,879			37,948			48,320			54,885			(32,062	)		(58.4	)

Total non-interest expense		233,052			248,136			258,277			281,014			273,423			(40,371	)		(14.8	)

Income before income taxes		151,626			137,039			125,097			128,340			131,741			19,885			15.1
Provision for income taxes		43,052			30,614			28,578			37,201			38,255			4,797			12.5

Net income	$	108,574		$	106,425		$	96,519		$	91,139		$	93,486		$	15,088			16.1	%


Average common shares - diluted		233,456			235,671			235,053			235,502			234,348			(892	)		(0.4)	%

Per common share
Net income - diluted	$	0.47		$	0.45		$	0.41		$	0.39		$	0.40		$	0.07			17.5
Cash dividends declared		0.215			0.215			0.200			0.200			0.200			0.015			7.5

Return on average total assets		1.32	%		1.31	%		1.20	%		1.13	%		1.18	%		0.14	%		11.9
Return on average total shareholders’ equity		16.5			16.3			15.5			14.6			15.4			1.1			7.1
Net interest margin ⁽¹⁾		3.31			3.36			3.31			3.38			3.30			0.01			0.3
Efficiency ratio ⁽²⁾		57.4			61.8			63.7			66.4			66.3			(8.9	)		(13.4	)
Effective tax rate		28.4			22.3			22.8			29.0			29.0			(0.6	)		(2.1	)

Revenue — fully taxable equivalent (FTE)
Net interest income	$	241,637		$	241,900		$	235,198		$	239,068		$	227,058		$	14,579			6.4
FTE adjustment		3,734			2,961			2,861			2,847			2,864			870			30.4

Net interest income⁽¹⁾		245,371			244,861			238,059			241,915			229,922			15,449			6.7
Non-interest income		160,740			156,170			168,050			182,940			189,891			(29,151	)		(15.4	)

Total revenue⁽¹⁾	$	406,111		$	401,031		$	406,109		$	424,855		$	419,813		$	(13,702	)		(3.3)	%


N.M., not a meaningful value.

⁽¹⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽²⁾		Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains (losses).

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis

(Unaudited)


	2005									2004
(in thousands of dollars)	Third			Second			First			Fourth			Third

Allowance for loan and lease losses, beginning of period	$	254,784		$	264,390		$	271,211		$	282,650		$	286,935

Loan and lease losses		(25,830	)		(25,733	)		(37,213	)		(31,737	)		(26,366	)
Recoveries of loans previously charged off		7,877			9,469			8,941			10,824			9,886

Net loan and lease losses		(17,953	)		(16,264	)		(28,272	)		(20,913	)		(16,480	)

Provision for loan and lease losses		17,112			13,247			21,451			9,474			12,971
Economic reserve transfer		—			(6,253	)		—			—			—
Allowance of assets sold and securitized		—			(336	)		—			—			(776	)

Allowance for loan and lease losses, end of period	$	253,943		$	254,784		$	264,390		$	271,211		$	282,650


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	37,511		$	31,610		$	33,187		$	30,007		$	31,193

Provision for unfunded loan commitments and letters of credit losses		587			(352	)		(1,577	)		3,180			(1,186	)
Economic reserve transfer		—			6,253			—			—			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	38,098		$	37,511		$	31,610		$	33,187		$	30,007


Total allowances for credit losses	$	292,041		$	292,295		$	296,000		$	304,398		$	312,657


Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.81	%		0.77	%		0.81	%		0.78	%		0.84	%
Economic reserve		0.20			0.22			0.27			0.32			0.33
Specific reserve		0.03			0.05			0.01			0.05			0.08

Total loans and leases		1.04	%		1.04	%		1.09	%		1.15	%		1.25	%

Non-performing loans and leases (NPLs)		283			304			441			424			417
Non-performing assets (NPAs)		249			262			361			250			351

Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.19	%		1.19	%		1.22	%		1.29	%		1.38	%
Non-performing loans and leases		326			349			494			476			461
Non-performing assets		287			300			404			280			389

Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis

(Unaudited)


	2005									2004
(in thousands of dollars)	Third			Second			First			Fourth			Third

Net charge-offs by loan and lease type:
Commercial:
Middle market commercial and industrial	$	(1,082	)	$	1,312		$	14,092		$	1,239		$	(102	)
Construction		495			(134	)		(51	)		704			(19	)
Commercial		1,779			2,269			(152	)		1,834			1,490

Middle market commercial real estate		2,274			2,135			(203	)		2,538			1,471

Small business commercial and industrial and commercial real estate		3,062			2,141			2,283			1,386			1,195

Total commercial		4,254			5,588			16,172			5,163			2,564

Consumer:
Automobile loans		3,895			1,664			3,216			4,406			5,142
Automobile leases		3,105			2,123			3,014			3,104			2,415

Automobile loans and leases		7,000			3,787			6,230			7,510			7,557
Home equity		4,093			5,065			3,963			5,346			4,259
Residential mortgage		522			430			439			608			534
Other loans		2,084			1,394			1,468			2,286			1,566

Total consumer		13,699			10,676			12,100			15,750			13,916


Total net charge-offs	$	17,953		$	16,264		$	28,272		$	20,913		$	16,480


Net charge-offs - annualized percentages:
Commercial:
Middle market commercial and industrial		(0.09	)%		0.11	%		1.20	%		0.11	%		(0.01	)%
Construction		0.12			(0.03	)		(0.01	)		0.18			(0.01	)
Commercial		0.37			0.48			(0.03	)		0.40			0.31

Middle market commercial real estate		0.25			0.24			(0.02	)		0.30			0.17

Small business commercial and industrial and commercial real estate		0.54			0.38			0.42			0.26			0.23

Total commercial		0.16			0.21			0.62			0.21			0.10

Consumer:
Automobile loans		0.75			0.32			0.64			0.92			1.11
Automobile leases		0.51			0.34			0.49			0.52			0.43

Automobile loans and leases		0.62			0.33			0.56			0.70			0.74
Home equity		0.35			0.44			0.35			0.48			0.39
Residential mortgage		0.05			0.04			0.04			0.07			0.06
Other loans		1.64			1.14			1.22			1.91			1.36

Total consumer		0.40			0.31			0.36			0.49			0.45


Net charge-offs as a % of average loans		0.29	%		0.27	%		0.47	%		0.36	%		0.30	%

Huntington Bancshares Incorporated
Quarterly Non-Performing Assets and Past Due Loans and Leases

(Unaudited)


	2005									2004
(in thousands of dollars)	September 30,			June 30,			March 31,			December 31,			September 30,

Non-accrual loans and leases:
Middle market commercial and industrial	$	25,431		$	26,856		$	16,993		$	24,179		$	20,098
Middle market commercial real estate		13,073			15,331			6,682			4,582			14,717
Small business commercial and industrial and commercial real estate		26,098			19,788			16,387			14,601			12,087
Residential mortgage		16,402			14,137			12,498			13,545			13,197
Home equity		8,705			7,748			7,333			7,055			7,685

Total non-performing loans and leases		89,709			83,860			59,893			63,962			67,784

Other real estate, net:
Residential		11,182			10,758			10,571			8,762			8,840
Commercial ⁽¹⁾		909			2,800			2,839			35,844			3,852

Total other real estate, net		12,091			13,558			13,410			44,606			12,692

Total non-performing assets	$	101,800		$	97,418		$	73,303		$	108,568		$	80,476


Non-performing loans and leases as a % of total loans and leases		0.37	%		0.34	%		0.25	%		0.27	%		0.30	%

Non-performing assets as a % of total loans and leases and other real estate		0.42			0.40			0.30			0.46			0.36

Accruing loans and leases past due 90 days or more	$	50,780		$	53,371		$	50,086		$	54,283		$	53,456

Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.21	%		0.22	%		0.21	%		0.23	%		0.24	%


	2005									2004
(in thousands of dollars)	Third			Second			First			Fourth			Third

Non-performing assets, beginning of period	$	97,418		$	73,303		$	108,568		$	80,476		$	74,696
New non-performing assets ⁽¹⁾		37,570			47,420			33,607			61,684			22,740
Returns to accruing status		(231	)		(250	)		(3,838	)		(2,248	)		—
Loan and lease losses		(5,897	)		(6,578	)		(17,281	)		(8,578	)		(5,424	)
Payments		(21,203	)		(11,925	)		(10,404	)		(8,829	)		(10,202	)
Sales ⁽¹⁾		(5,857	)		(4,552	)		(37,349	)		(13,937	)		(1,334	)

Non-performing assets, end of period	$	101,800		$	97,418		$	73,303		$	108,568		$	80,476


⁽¹⁾		At December 31, 2004, other real estate owned included $35.7 million of properties that related to the work-out of $5.9 million of mezzanine loans. These properties were subject to $29.8 million of non-recourse debt to another financial institution. Both properties were sold in the first quarter of 2005.

Huntington Bancshares Incorporated
Quarterly Stock Summary, Capital, and Other Data

(Unaudited)

Quarterly common stock summary


	2005						2004
(in thousands, except per share amounts)	Third		Second		First		Fourth		Third

Common stock price, per share
High ⁽¹⁾	$	25.410	$	24.750	$	24.780	$	25.380	$	25.150
Low⁽¹⁾		22.310		22.570		22.150		23.110		22.700
Close		22.470		24.140		23.900		24.740		24.910
Average closing price		24.227		23.771		23.216		24.241		24.105

Dividends, per share
Cash dividends declared on common stock	$	0.215	$	0.215	$	0.200	$	0.200	$	0.200

Common shares outstanding
Average — basic		229,830		232,217		231,824		231,147		229,848
Average — diluted		233,456		235,671		235,053		235,502		234,348
Ending		229,006		230,842		232,192		231,605		230,153
Book value per share	$	11.45	$	11.40	$	11.15	$	10.96	$	10.69

Common share repurchase program
Number of shares repurchased		2,598		1,818		—		—		—

Capital adequacy


	2005									2004
(in millions of dollars)	September 30,			June 30,			March 31,			December 31,			September 30,

Total risk-weighted assets⁽²⁾	$	29,157		$	29,973		$	30,267		$	29,542		$	28,679

Tier 1 leverage ratio⁽²⁾		8.51	%		8.50	%		8.45	%		8.42	%		8.36	%
Tier 1 risk-based capital ratio⁽²⁾		9.49			9.18			9.04			9.08			9.10
Total risk-based capital ratio⁽²⁾		12.79			12.39			12.33			12.48			12.53

Tangible equity / asset ratio		7.39			7.36			7.42			7.18			7.11
Tangible equity / risk-weighted assets ratio⁽²⁾		8.25			8.05			7.84			7.86			7.83
Average equity / average assets		7.97			8.03			7.76			7.74			7.67

Other data
Number of employees (full-time equivalent)		7,586			7,713			7,813			7,812			7,906
Number of domestic full-service banking offices⁽³⁾		346			344			343			342			341


⁽¹⁾		High and low stock prices are intra-day quotes obtained from NASDAQ.

⁽²⁾		September 30, 2005 figures are estimated.

⁽³⁾		Includes three Private Financial Group offices in Florida.

Huntington Bancshares Incorporated
Quarterly Operating Lease Performance

(Unaudited)


	2005									2004						3Q05 vs 3Q04
(in thousands of dollars)	Third			Second			First			Fourth			Third			Amount			Percent

Balance Sheet:
Average operating lease assets outstanding	$	308,952		$	408,798		$	529,245		$	647,970		$	800,145		$	(491,193	)		(61.4	)%


Income Statement:
Net rental income	$	26,729		$	34,562		$	43,554		$	51,016		$	60,267		$	(33,538	)		(55.6	)%
Fees		1,419			1,773			1,857			2,111			2,965			(1,546	)		(52.1	)
Recoveries — early terminations		1,114			1,762			1,321			1,979			1,180			(66	)		(5.6	)

Total operating lease income		29,262			38,097			46,732			55,106			64,412			(35,150	)		(54.6	)


Depreciation and residual losses at termination		20,856			26,560			34,703			45,293			49,917			(29,061	)		(58.2	)
Losses — early terminations		1,967			2,319			3,245			3,027			4,968			(3,001	)		(60.4	)

Total operating lease expense		22,823			28,879			37,948			48,320			54,885			(32,062	)		(58.4	)

Net earnings contribution	$	6,439		$	9,218		$	8,784		$	6,786		$	9,527		$	(3,088	)		(32.4	)%


Earnings ratios ⁽¹⁾
Net rental income		34.6	%		33.8	%		32.9	%		31.5	%		30.1	%		4.5	%		15.0	%
Depreciation and residual losses at termination		27.0			26.0			26.2			28.0			25.0			2.0			8.0

Definition of term(s):

Net rental income includes the lease payments earned on the equipment and vehicles that Huntington leases to its customers under operating leases. Fees include late fees, early payment fees and other non-origination fees. Recoveries represent payments received on a cash basis subsequent to a customer’s default on an operating lease and a recognition of an impairment loss on the lease. Depreciation represents the periodic depreciation of equipment and vehicles to their residual value owned by Huntington under operating leases and any accelerated depreciation where Huntington expects to receive less than the residual value from the sale of the vehicle and from insurance proceeds at the end of the lease term. Losses represent impairments recognized on equipment and vehicles where the lessee has defaulted on the operating lease.


⁽¹⁾		As a percent of average operating lease assets, annualized.

Huntington Bancshares Incorporated
Consolidated Year To Date Average Balance Sheets

(Unaudited)


	YTD Average Balances
Fully taxable equivalent basis	Nine Months Ended September 30,						Change
(in millions of dollars)	2005			2004			Amount			Percent

Assets
Interest bearing deposits in banks	$	53		$	67		$	(14	)		(20.9	)%
Trading account securities		237			64			173			N.M.
Federal funds sold and securities purchased under resale agreements		298			193			105			54.4
Loans held for sale		303			248			55			22.2
Investment securities:
Taxable		3,662			4,615			(953	)		(20.7	)
Tax-exempt		453			415			38			9.2

Total investment securities		4,115			5,030			(915	)		(18.2	)
Loans and leases:⁽¹⁾
Commercial:
Middle market commercial and industrial		4,773			4,431			342			7.7
Construction		1,680			1,355			325			24.0
Commercial		1,903			1,902			1			0.1

Middle market commercial real estate		3,583			3,257			326			10.0
Small business commercial and industrial and commercial real estate		2,222			2,024			198			9.8

Total commercial		10,578			9,712			866			8.9

Consumer:
Automobile loans		2,052			2,410			(358	)		(14.9	)
Automobile leases		2,451			2,126			325			15.3

Automobile loans and leases		4,503			4,536			(33	)		(0.7	)
Home equity		4,630			4,086			544			13.3
Residential mortgage		4,053			3,049			1,004			32.9
Other loans		492			440			52			11.8

Total consumer		13,678			12,111			1,567			12.9

Total loans and leases		24,256			21,823			2,433			11.1
Allowance for loan and lease losses		(269	)		(303	)		34			11.2

Net loans and leases		23,987			21,520			2,467			11.5

Total earning assets		29,262			27,425			1,837			6.7

Operating lease assets		415			980			(565	)		(57.7	)
Cash and due from banks		880			814			66			8.1
Intangible assets		218			216			2			0.9
All other assets		2,141			2,074			67			3.2

Total Assets	$	32,647		$	31,206		$	1,441			4.6	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,358		$	3,172		$	186			5.9	%
Demand deposits — interest bearing		7,712			7,055			657			9.3
Savings and other domestic time deposits		3,213			3,444			(231	)		(6.7	)
Retail certificates of deposit		2,793			2,404			389			16.2

Total core deposits		17,076			16,075			1,001			6.2
Domestic time deposits of $100,000 or more		1,256			823			433			52.6
Brokered deposits and negotiable CDs		3,088			1,800			1,288			71.6
Deposits in foreign offices		446			522			(76	)		(14.6	)

Total deposits		21,866			19,220			2,646			13.8
Short-term borrowings		1,347			1,447			(100	)		(6.9	)
Federal Home Loan Bank advances		1,088			1,271			(183	)		(14.4	)
Subordinated notes and other long-term debt		4,190			5,474			(1,284	)		(23.5	)

Total interest bearing liabilities		25,133			24,240			893			3.7

All other liabilities		1,570			1,456			114			7.8
Shareholders’ equity		2,586			2,338			248			10.6

Total Liabilities and Shareholders’ Equity	$	32,647		$	31,206		$	1,441			4.6	%

N.M., not a meaningful value.


⁽¹⁾		For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Consolidated Year To Date Net Interest Margin Analysis

(Unaudited)


	YTD Average Rates⁽²⁾
	Nine Months Ended September 30,
Fully Taxable Equivalent basis ⁽¹⁾	2005			2004

Assets
Interest bearing deposits in banks		1.82	%		0.88	%
Trading account securities		4.00			4.17
Federal funds sold and securities purchased under resale agreements		2.79			1.42
Loans held for sale		5.63			5.24
Investment securities:
Taxable		4.09			3.91
Tax-exempt		6.69			7.00

Total investment securities		4.37			4.17
Loans and leases:
Commercial:
Middle market commercial and industrial		5.52			4.28
Construction		5.67			3.86
Commercial		5.50			4.32

Middle market commercial real estate		5.58			4.13
Small business commercial and industrial and commercial real estate		5.99			5.41

Total commercial		5.64			4.46

Consumer:
Automobile loans		6.61			7.20
Automobile leases		4.92			5.00

Automobile loans and leases		5.69			6.17
Home equity		6.21			4.84
Residential mortgage		5.39			5.36
Other loans		6.18			6.21

Total consumer		5.79			5.52

Total loans and leases		5.73			5.03

Total earning assets		5.49	%		4.84	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits - non-interest bearing		—	%		—	%
Demand deposits - interest bearing		1.65			0.96
Savings and other domestic time deposits		1.33			1.29
Retail certificates of deposit		3.50			3.35

Total core deposits		1.95			1.50
Domestic time deposits of $100,000 or more		3.27			2.31
Brokered deposits and negotiable CDs		3.27			1.64
Deposits in foreign offices		1.89			0.77

Total deposits		2.26			1.53
Short-term borrowings		2.23			0.85
Federal Home Loan Bank advances		2.99			2.54
Subordinated notes and other long-term debt		3.82			2.39

Total interest bearing liabilities		2.55			1.74


Net interest rate spread		2.94			3.10
Impact of non-interest bearing funds on margin		0.39			0.21

Net interest margin		3.33	%		3.31	%


⁽¹⁾		Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 15 for the FTE adjustment.

⁽²⁾		Loan and lease and deposit average rates include impact of applicable derivatives and non-deferrable fees.

⁽³⁾		For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated
Selected Year To Date Income Statement Data

(Unaudited)


	Nine Months Ended September 30,						Change
(in thousands of dollars, except per share amounts)	2005			2004			Amount			Percent

Interest income	$	1,199,289		$	988,100		$	211,189			21.4	%
Interest expense		480,554			315,794			164,760			52.2

Net interest income		718,735			672,306			46,429			6.9
Provision for credit losses		50,468			42,408			8,060			19.0

Net interest income after provision for credit losses		668,267			629,898			38,369			6.1

Service charges on deposit accounts		125,751			129,368			(3,617	)		(2.8	)
Trust services		56,980			50,095			6,885			13.7
Brokerage and insurance income		40,518			41,920			(1,402	)		(3.3	)
Bank owned life insurance income		30,347			31,813			(1,466	)		(4.6	)
Other service charges and fees		32,860			30,957			1,903			6.1
Mortgage banking income		30,801			23,474			7,327			31.2
Securities gains		715			13,663			(12,948	)		(94.8	)
Gains on sales of automobile loans		756			14,206			(13,450	)		(94.7	)
Other income		52,141			68,177			(16,036	)		(23.5	)

Sub-total before operating lease income		370,869			403,673			(32,804	)		(8.1	)
Operating lease income		114,091			231,985			(117,894	)		(50.8	)

Total non-interest income		484,960			635,658			(150,698	)		(23.7	)

Personnel costs		365,547			363,068			2,479			0.7
Net occupancy		53,152			49,859			3,293			6.6
Outside data processing and other services		54,945			53,552			1,393			2.6
Equipment		47,031			47,609			(578	)		(1.2	)
Professional services		27,129			27,354			(225	)		(0.8	)
Marketing		20,674			20,908			(234	)		(1.1	)
Telecommunications		14,195			15,191			(996	)		(6.6	)
Printing and supplies		9,489			9,315			174			1.9
Amortization of intangibles		611			612			(1	)		(0.2	)
Restructuring reserve releases		—			(1,151	)		1,151			N.M.
Other expense		57,042			66,755			(9,713	)		(14.6	)

Sub-total before operating lease expense		649,815			653,072			(3,257	)		(0.5	)
Operating lease expense		89,650			188,158			(98,508	)		(52.4	)

Total non-interest expense		739,465			841,230			(101,765	)		(12.1	)

Income before income taxes		413,762			424,326			(10,564	)		(2.5	)
Provision for income taxes		102,244			116,540			(14,296	)		(12.3	)

Net income	$	311,518		$	307,786		$	3,732			1.2	%


Average common shares — diluted		234,727			233,307			1,420			0.6	%

Per common share
Net income per common share — diluted	$	1.33		$	1.32		$	0.01			0.8	%
Cash dividends declared		0.630			0.550			0.080			14.5

Return on average total assets		1.28	%		1.32	%		(0.04	)%		(3.0	)%
Return on average total shareholders’ equity		16.1			17.6			(1.5	)		(8.5	)
Net interest margin ⁽¹⁾		3.33			3.31			0.02			0.6
Efficiency ratio ⁽²⁾		60.9			64.5			(3.6	)		(5.6	)
Effective tax rate		24.7			27.5			(2.8	)		(10.2	)

Revenue — fully taxable equivalent (FTE)
Net interest income	$	718,735		$	672,306		$	46,429			6.9	%
FTE adjustment ⁽¹⁾		9,556			8,806			750			8.5

Net interest income		728,291			681,112			47,179			6.9
Non-interest income		484,960			635,658			(150,698	)		(23.7	)

Total revenue	$	1,213,251		$	1,316,770		$	(103,519	)		(7.9	)%

N.M., not a meaningful value.


⁽¹⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽²⁾		Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains.

Huntington Bancshares Incorporated
Year To Date Credit Reserves Analysis

(Unaudited)


	Nine Months Ended September 30,
(in thousands of dollars)	2005			2004

Allowance for loan and lease losses, beginning of period	$	271,211		$	299,732

Loan and lease losses		(88,776	)		(94,378	)
Recoveries of loans previously charged off		26,287			36,756

Net loan and lease losses		(62,489	)		(57,622	)

Provision for loan and lease losses		51,810			47,923
Economic reserve transfer		(6,253	)		—
Allowance of assets sold and securitized		(336	)		(7,383	)

Allowance for loan and lease losses, end of period	$	253,943		$	282,650


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	33,187		$	35,522

Provision for unfunded loan commitments and letters of credit losses		(1,342	)		(5,515	)
Economic reserve transfer		6,253			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	38,098		$	30,007


Total allowances for credit losses	$	292,041		$	312,657

Huntington Bancshares Incorporated
Year To Date Net Charge-Off Analysis

(Unaudited)


	Nine Months Ended September 30,
(in thousands of dollars)	2005			2004

Net charge-offs by loan and lease type:
Commercial:
Middle market commercial and industrial	$	14,322		$	681
Construction		310			1,761
Commercial		3,896			3,672

Middle market commercial real estate		4,206			5,433

Small business commercial and industrial and commercial real estate		7,486			4,180

Total commercial		26,014			10,294

Consumer:
Automobile loans		8,775			24,168
Automobile leases		8,242			7,733

Automobile loans and leases		17,017			31,901
Home equity		13,121			9,728
Residential mortgage		1,391			1,152
Other loans		4,946			4,547

Total consumer		36,475			47,328


Total net charge-offs	$	62,489		$	57,622


Net charge-offs - annualized percentages:
Commercial:
Middle market commercial and industrial		0.40	%		0.02	%
Construction		0.02			0.17
Commercial		0.27			0.26

Middle market commercial real estate		0.16			0.22

Small business commercial and industrial and commercial real estate		0.45			0.28

Total commercial		0.33			0.14

Consumer:
Automobile loans		0.57			1.34
Automobile leases		0.45			0.48

Automobile loans and leases		0.50			0.94
Home equity		0.38			0.32
Residential mortgage		0.05			0.05
Other loans		1.34			1.38

Total consumer		0.36			0.52


Net charge-offs as a % of average loans		0.34	%		0.35	%

Huntington Bancshares Incorporated
Year To Date Operating Lease Performance

(Unaudited)


	Nine Months Ended September 30,						2005 vs 2004
(in thousands of dollars)	2005			2004			Amount			Percent

Balance Sheet:
Average operating lease assets outstanding	$	414,858		$	980,312		$	(565,454	)		(57.7	)%


Income Statement:
Net rental income	$	104,845		$	216,186		$	(111,341	)		(51.5	)
Fees		5,049			11,346			(6,297	)		(55.5	)
Recoveries — early terminations		4,197			4,453			(256	)		(5.7	)

Total operating lease income		114,091			231,985			(117,894	)		(50.8	)


Depreciation and residual losses at termination		82,119			171,152			(89,033	)		(52.0	)
Losses — early terminations		7,531			17,006			(9,475	)		(55.7	)

Total operating lease expense		89,650			188,158			(98,508	)		(52.4	)

Net earnings contribution	$	24,441		$	43,827		$	(19,386	)		(44.2	)%


Earnings ratios⁽¹⁾
Net rental income		33.7	%		29.4	%		4.3	%		14.6	%
Depreciation and residual losses at termination		26.4			23.3			3.1			13.3

Definition of terms:


⁽¹⁾		As a percent of average operating lease assets, annualized.