EX-99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
March 2006

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 Mortgage Banking Income and Net Impact of MSR Hedging			8

Quarterly Credit Reserves Analysis			9

Quarterly Net Charge-Off Analysis			10

Quarterly Non-Performing Assets and Past Due Loans and Leases			11

Quarterly Stock Summary, Capital, and Other Data			12

Quarterly Operating Lease Performance			13

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
	2006			2005						March ‘06 vs ‘05
(in thousands of dollars, except number of shares)	March 31,			December 31,			March 31,			Amount			Percent
	*(Unaudited)*						(Unaudited)
Assets
Cash and due from banks	$	797,258		$	966,445		$	914,699		$	(117,441	)		(12.8	)%
Federal funds sold and securities purchased under resale agreements		349,098			74,331			144,980			204,118			N.M.
Interest bearing deposits in banks		23,204			22,391			29,551			(6,347	)		(21.5	)
Trading account securities		57,710			8,619			100,135			(42,425	)		(42.4	)
Loans held for sale		311,138			294,344			252,932			58,206			23.0
Investment securities		5,087,857			4,526,520			4,052,875			1,034,982			25.5
Loans and leases ⁽¹⁾		26,145,589			24,472,166			24,206,465			1,939,124			8.0
Allowance for loan and lease losses		(283,839	)		(268,347	)		(264,390	)		(19,449	)		7.4

Net loans and leases		25,861,750			24,203,819			23,942,075			1,919,675			8.0

Operating lease assets		174,839			229,077			466,550			(291,711	)		(62.5	)
Bank owned life insurance		1,060,305			1,001,542			973,164			87,141			9.0
Premises and equipment		375,740			360,677			354,979			20,761			5.8
Goodwill		579,246			212,530			212,200			367,046			N.M.
Other intangible assets		60,563			4,956			5,580			54,983			N.M.
Accrued income and other assets		927,201			859,554			732,879			194,322			26.5

Total Assets	$	35,665,909		$	32,764,805		$	32,182,599		$	3,483,310			10.8	%


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	24,555,163		$	22,409,675		$	21,770,973		$	2,784,190			12.8	%
Short-term borrowings		1,687,536			1,889,260			1,033,496			654,040			63.3
Federal Home Loan Bank advances		1,658,486			1,155,647			903,871			754,615			83.5
Other long-term debt		2,035,576			2,418,419			3,138,626			(1,103,050	)		(35.1	)
Subordinated notes		1,283,359			1,023,371			1,025,612			257,747			25.1
Allowance for unfunded loan commitments and letters of credit		39,301			36,957			31,610			7,691			24.3
Deferred federal income tax liability		685,559			743,655			781,152			(95,593	)		(12.2	)
Accrued expenses and other liabilities		640,749			530,320			907,486			(266,737	)		(29.4	)

Total Liabilities		32,585,729			30,207,304			29,592,826			2,992,903			10.1


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 245,205,510; 224,106,172 and 232,002,213 shares, respectively.		2,548,185			2,491,326			2,484,832			63,353			2.5
Less 12,660,745; 33,760,083 and 25,864,042 treasury shares, respectively		(273,120	)		(693,576	)		(490,139	)		217,019			(44.3	)
Accumulated other comprehensive loss		(31,434	)		(22,093	)		(18,686	)		(12,748	)		68.2
Retained earnings		836,549			781,844			613,766			222,783			36.3

Total Shareholders’ Equity		3,080,180			2,557,501			2,589,773			490,407			18.9

Total Liabilities and Shareholders’ Equity	$	35,665,909		$	32,764,805		$	32,182,599		$	3,483,310			10.8	%

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
	2006				2005								March ‘06 vs ‘05

(in thousands of dollars)	March 31,				December 31,				March 31,				Amount			Percent

	*(Unaudited)*								(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	5,288,710	20.1	%	$	5,084,244	20.6	%	$	4,824,403	19.6	%	$	464,307			9.6	%
Middle market commercial real estate:
Construction		1,366,890	5.2			1,521,897	6.2			1,647,999	6.7			(281,109	)		(17.1	)
Commercial		3,046,368	11.6			2,015,498	8.2			1,913,849	7.8			1,132,519			59.2

Middle market commercial real estate		4,413,258	16.8			3,537,395	14.4			3,561,848	14.5			851,410			23.9
Small business		2,116,063	8.1			2,223,740	9.1			2,204,278	8.9			(88,215	)		(4.0	)

Total commercial		11,818,031	45.0			10,845,379	44.1			10,590,529	43.0			1,227,502			11.6

Consumer:
Automobile loans		2,053,777	7.8			1,985,304	8.0			2,066,264	8.4			(12,487	)		(0.6	)
Automobile leases		2,154,883	8.2			2,289,015	9.3			2,476,098	10.0			(321,215	)		(13.0	)
Home equity		4,816,196	18.3			4,638,841	18.8			4,594,586	18.6			221,610			4.8
Residential mortgage		4,604,705	17.5			4,193,139	17.0			3,995,769	16.2			608,936			15.2
Other loans		697,997	2.5			520,488	1.9			483,219	1.9			214,778			44.4

Total consumer		14,327,558	54.3			13,626,787	55.0			13,615,936	55.1			711,622			5.2

Total loans and direct financing leases	$	26,145,589	99.3		$	24,472,166	99.1		$	24,206,465	98.1		$	1,939,124			8.0


Operating lease assets		174,839	0.7			229,077	0.9			466,550	1.9			(291,711	)		(62.5	)

Total credit exposure	$	26,320,428	100.0	%	$	24,701,243	100.0	%	$	24,673,015	100.0	%	$	1,647,413			6.7	%



Total automobile exposure ⁽¹⁾	$	4,383,499	16.7	%	$	4,503,396	18.2	%	$	5,008,912	20.3	%	$	(625,413	)		(12.5	)%


By Business Segment ⁽²⁾
Regional Banking:
Central Ohio	$	3,295,373	12.5	%	$	3,150,395	12.8	%	$	3,119,776	12.6	%	$	175,597			5.6	%
Northern Ohio		2,915,530	11.1			2,892,723	11.7			2,910,631	11.8			4,899			0.2
Southern Ohio / Kentucky		2,078,181	7.9			2,037,190	8.2			2,018,617	8.2			59,564			3.0
West Michigan		2,372,563	9.0			2,363,162	9.6			2,335,441	9.5			37,122			1.6
East Michigan		1,536,284	5.8			1,573,413	6.4			1,475,508	6.0			60,776			4.1
West Virginia		968,333	3.7			970,953	3.9			887,230	3.6			81,103			9.1
Indiana		977,589	3.7			1,025,807	4.2			990,747	4.0			(13,158	)		(1.3	)
Unizan ⁽⁴⁾		1,641,972	6.2			—	—			—	—			1,641,972			—
Mortgage and equipment leasing groups		3,525,564	13.5			3,533,535	14.2			3,330,970	13.5			194,594			5.8

Regional Banking		19,311,389	73.4			17,547,178	71.0			17,068,920	69.2			2,242,469			13.1
Dealer Sales ⁽³⁾		5,276,621	20.0			5,429,997	22.0			5,955,611	24.1			(678,990	)		(11.4	)
Private Financial and Capital Markets Group ⁽⁴⁾		1,732,418	6.6			1,724,068	7.0			1,648,484	6.7			83,934			5.1
Treasury / Other		—	—			—	—			—	—			—			—

Total credit exposure	$	26,320,428	100.0	%	$	24,701,243	100.0	%	$	24,673,015	100.0	%	$	1,647,413			6.7	%

⁽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.

⁽⁴⁾		In the first quarter of 2006, loans acquired from Unizan were reflected in the Regional Banking and PFCMG lines of business.

Huntington Bancshares Incorporated
Deposit Composition


													Change
	2006				2005								March ‘06 vs ‘05

(in thousands of dollars)	March 31,				December 31,				March 31,				Amount			Percent

	*(Unaudited)*								(Unaudited)
By Type
Demand deposits — non-interest bearing	$	3,776,790	15.4	%	$	3,390,044	15.1	%	$	3,186,187	14.6	%	$	590,603			18.5	%
Demand deposits — interest bearing		7,676,818	31.3			7,380,044	32.9			7,848,458	36.1			(171,640	)		(2.2	)
Savings and other domestic time deposits		3,585,840	14.6			3,094,136	13.8			3,468,004	15.9			117,836			3.4
Certificates of deposit less than $100,000		4,311,870	17.6			3,526,039	15.7			2,555,241	11.7			1,756,629			68.7

Total core deposits		19,351,318	78.9			17,390,263	77.5			17,057,890	78.3			2,293,428			13.4
Domestic time deposits of $100,000 or more		1,670,836	6.8			1,348,928	6.0			1,311,495	6.0			359,341			27.4
Brokered deposits and negotiable CDs		3,081,211	12.5			3,199,796	14.3			2,999,753	13.8			81,458			2.7
Deposits in foreign offices		451,798	1.8			470,688	2.2			401,835	1.9			49,963			12.4

Total deposits	$	24,555,163	100.0	%	$	22,409,675	100.0	%	$	21,770,973	100.0	%	$	2,784,190			12.8	%


Total core deposits:
Commercial	$	5,994,233	31.0	%	$	5,352,053	30.8	%	$	5,218,482	30.6	%	$	775,751			14.9	%
Personal		13,357,085	69.0			12,038,210	69.2			11,839,408	69.4			1,517,677			12.8

Total core deposits	$	19,351,318	100.0	%	$	17,390,263	100.0	%	$	17,057,890	100.0	%	$	2,293,428			13.4	%


By Business Segment ⁽¹⁾
Regional Banking:
Central Ohio	$	4,939,053	20.1	%	$	4,520,595	20.2	%	$	4,607,924	21.2	%	$	331,129			7.2	%
Northern Ohio		4,171,435	17.0			4,076,374	18.2			3,932,463	18.1			238,972			6.1
Southern Ohio / Kentucky		2,025,401	8.2			1,951,322	8.7			1,774,064	8.1			251,337			14.2
West Michigan		2,830,635	11.5			2,790,787	12.5			2,675,525	12.3			155,110			5.8
East Michigan		2,259,497	9.2			2,263,898	10.1			2,291,132	10.5			(31,635	)		(1.4	)
West Virginia		1,533,274	6.2			1,463,592	6.5			1,368,740	6.3			164,534			12.0
Indiana		809,176	3.3			728,193	3.2			718,875	3.3			90,301			12.6
Unizan ⁽³⁾		1,510,995	6.2			—	—			—	—			1,510,995			—
Mortgage and equipment leasing groups		153,444	0.6			161,866	0.7			170,758	0.8			(17,314	)		(10.1	)

Regional Banking		20,232,910	82.4			17,956,627	80.1			17,539,481	80.6			2,693,429			15.4
Dealer Sales		63,573	0.3			65,237	0.3			68,996	0.3			(5,423	)		(7.9	)
Private Financial and Capital Markets Group		1,177,469	4.8			1,179,915	5.3			1,155,493	5.3			21,976			1.9
Treasury / Other ⁽²⁾		3,081,211	12.5			3,207,896	14.3			3,007,003	13.8			74,208			2.5

Total deposits	$	24,555,163	100.0	%	$	22,409,675	100.0	%	$	21,770,973	100.0	%	$	2,784,190			12.8	%

⁽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.

⁽³⁾		In the first quarter of 2006, deposits acquired from Unizan were reflected in the Regional Banking line of business.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


				Average Balances												Change
Fully taxable equivalent basis	2006			2005												1Q06 vs 1Q05
(in millions of dollars)	First			Fourth			Third			Second			First			Amount			Percent

Assets
Interest bearing deposits in banks	$	48		$	51		$	54		$	54		$	53		$	(5	)		(9.4	)%
Trading account securities		13			119			274			236			200			(187	)		(93.5	)
Federal funds sold and securities purchased under resale agreements		201			103			142			225			475			(274	)		(57.7	)
Loans held for sale		274			361			427			276			203			71			35.0
Investment securities:
Taxable		4,191			3,802			3,523			3,589			3,932			259			6.6
Tax-exempt		548			540			537			411			409			139			34.0

Total investment securities		4,739			4,342			4,060			4,000			4,341			398			9.2

Loans and leases: ⁽¹⁾

Commercial: ⁽²⁾
Middle market commercial and industrial		5,132			4,946			4,708			4,901			4,710			422			9.0
Middle market commercial real estate:
Construction		1,454			1,675			1,720			1,678			1,642			(188	)		(11.4	)
Commercial		2,423			1,923			1,922			1,905			1,883			540			28.7

Middle market commercial real estate		3,877			3,598			3,642			3,583			3,525			352			10.0
Small business		2,121			2,230			2,251			2,230			2,183			(62	)		(2.8	)

Total commercial		11,130			10,774			10,601			10,714			10,418			712			6.8

Consumer:
Automobile loans		1,994			2,018			2,078			2,069			2,008			(14	)		(0.7	)
Automobile leases		2,221			2,337			2,424			2,468			2,461			(240	)		(9.8	)

Automobile loans and leases		4,215			4,355			4,502			4,537			4,469			(254	)		(5.7	)
Home equity		4,694			4,653			4,681			4,636			4,570			124			2.7
Residential mortgage		4,306			4,165			4,157			4,080			3,919			387			9.9
Other loans		586			521			507			491			480			106			22.1

Total consumer		13,801			13,694			13,847			13,744			13,438			363			2.7

Total loans and leases		24,931			24,468			24,448			24,458			23,856			1,075			4.5
Allowance for loan and lease losses		(283	)		(262	)		(256	)		(270	)		(282	)		(1	)		(0.4	)

Net loans and leases		24,648			24,206			24,192			24,188			23,574			1,074			4.6

Total earning assets		30,206			29,444			29,405			29,249			29,128			1,078			3.7

Operating lease assets		200			245			309			409			529			(329	)		(62.2	)
Cash and due from banks		789			742			867			865			909			(120	)		(13.2	)
Intangible assets		362			218			217			218			218			144			66.1
All other assets		2,215			2,227			2,197			2,149			2,079			136			6.5

Total Assets	$	33,489		$	32,614		$	32,739		$	32,620		$	32,581		$	908			2.8	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,436		$	3,444		$	3,406		$	3,352		$	3,314		$	122			3.7	%
Demand deposits — interest bearing		7,562			7,496			7,539			7,677			7,925			(363	)		(4.6	)
Savings and other domestic time deposits		3,095			2,984			3,095			3,230			3,317			(222	)		(6.7	)
Certificates of deposit less than $100,000		3,849			3,421			3,157			2,720			2,496			1,353			54.2

Total core deposits		17,942			17,345			17,197			16,979			17,052			890			5.2
Domestic time deposits of $100,000 or more		1,478			1,397			1,271			1,248			1,249			229			18.3
Brokered deposits and negotiable CDs		3,143			3,210			3,286			3,249			2,720			423			15.6
Deposits in foreign offices		465			490			462			434			442			23			5.2

Total deposits		23,028			22,442			22,216			21,910			21,463			1,565			7.3
Short-term borrowings		1,669			1,472			1,559			1,301			1,179			490			41.6
Federal Home Loan Bank advances		1,453			1,156			935			1,136			1,196			257			21.5
Subordinated notes and other long-term debt		3,346			3,687			3,960			4,100			4,517			(1,171	)		(25.9	)

Total interest bearing liabilities		26,060			25,313			25,264			25,095			25,041			1,019			4.1

All other liabilities		1,264			1,283			1,458			1,554			1,699			(435	)		(25.6	)
Shareholders’ equity		2,729			2,574			2,611			2,619			2,527			202			8.0

Total Liabilities and Shareholders’ Equity	$	33,489		$	32,614		$	32,739		$	32,620		$	32,581		$	908			2.8	%

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

⁽²⁾		The middle market C&I and CRE loan balances in the first quarter of 2006 contain Unizan loan balances that are subject to reclassification when these loans are converted to Huntington’s loan systems.

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


		Average Rates ⁽²⁾
	2006			2005
Fully taxable equivalent basis ⁽¹⁾	First			Fourth			Third			Second			First

Assets
Interest bearing deposits in banks		3.78	%		3.20	%		2.13	%		1.47	%		1.88	%
Trading account securities		4.49			4.53			3.95			3.94			4.14
Federal funds sold and securities purchased under resale agreements		4.30			3.78			3.41			2.76			2.36
Loans held for sale		5.92			5.68			5.43			6.04			5.55
Investment securities:
Taxable		5.00			4.70			4.37			4.13			3.87
Tax-exempt		6.71			6.77			6.62			6.76			6.73

Total investment securities		5.20			4.96			4.67			4.40			4.14
Loans and leases: ⁽³⁾
Commercial:
Middle market commercial and industrial		6.80			6.28			5.87			5.65			5.02
Middle market commercial real estate:
Construction		7.55			7.27			6.58			6.04			5.54
Commercial		6.78			6.46			5.96			5.53			5.22

Middle market commercial real estate		7.07			6.84			6.25			5.77			5.37
Small business		6.67			6.43			6.18			6.01			5.82

Total commercial		6.87			6.50			6.07			5.76			5.31

Consumer:
Automobile loans		6.40			6.26			6.44			6.57			6.83
Automobile leases		4.97			4.98			4.94			4.91			4.92

Automobile loans and leases		5.65			5.57			5.63			5.67			5.78
Home equity		7.10			7.03			6.60			6.24			5.77
Residential mortgage		5.34			5.31			5.23			5.18			5.14
Other loans		6.39			5.98			5.92			6.22			6.42

Total consumer		6.08			6.00			5.85			5.74			5.61

Total loans and leases		6.43			6.22			5.94			5.75			5.48

Total earning assets		6.21	%		6.01	%		5.72	%		5.52	%		5.21	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		2.44			2.12			1.87			1.64			1.45
Savings and other domestic time deposits		1.49			1.44			1.39			1.34			1.27
Certificates of deposit less than $100,000		3.83			3.70			3.58			3.49			3.43

Total core deposits		2.61			2.36			2.15			1.94			1.76
Domestic time deposits of $100,000 or more		4.33			3.90			3.60			3.27			2.92
Brokered deposits and negotiable CDs		4.69			4.20			3.66			3.25			2.80
Deposits in foreign offices		2.62			2.66			2.28			1.95			1.41

Total deposits		3.07			2.79			2.52			2.26			1.99
Short-term borrowings		3.57			3.11			2.74			2.16			1.66
Federal Home Loan Bank advances		3.99			3.37			3.08			3.02			2.90
Subordinated notes and other long-term debt		5.22			4.72			4.20			3.91			3.39

Total interest bearing liabilities		3.43	%		3.12	%		2.82	%		2.56	%		2.27	%


Net interest rate spread		2.78	%		2.89	%		2.90	%		2.96	%		2.94	%
Impact of non-interest bearing funds on margin		0.54			0.45			0.41			0.40			0.37

Net interest margin		3.32	%		3.34	%		3.31	%		3.36	%		3.31	%

⁽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
	2006		2005								1Q06 vs 1Q05
(in millions of dollars)	First		Fourth		Third		Second		First		Amount			Percent

Loans and direct financing leases ⁽¹⁾
Regional Banking:
Central Ohio	$	3,166	$	3,228	$	3,185	$	3,179	$	3,112	$	54			1.7	%
Northern Ohio		2,886		2,918		2,927		2,922		2,868		18			0.6
Southern Ohio / Kentucky		2,077		2,064		2,075		2,062		1,962		115			5.9
West Michigan		2,362		2,382		2,377		2,366		2,297		65			2.8
East Michigan		1,551		1,536		1,506		1,478		1,443		108			7.5
West Virginia		966		963		944		907		878		88			10.0
Indiana		1,018		972		979		1,018		976		42			4.3
Unizan ⁽²⁾		568		—		—		—		—		568			—
Mortgage and equipment leasing groups		3,458		3,461		3,433		3,363		3,266		192			5.9

Regional Banking		18,052		17,524		17,426		17,295		16,802		1,250			7.4
Dealer Sales		5,159		5,225		5,316		5,496		5,409		(250	)		(4.6	)
Private Financial and Capital Markets Group ⁽²⁾		1,720		1,719		1,706		1,667		1,645		75			4.6
Treasury / Other		—		—		—		—		—		—			—

Total loans and direct financing leases	$	24,931	$	24,468	$	24,448	$	24,458	$	23,856	$	1,075			4.5	%


Deposit composition ⁽¹⁾
Regional Banking:
Central Ohio	$	4,559	$	4,497	$	4,482	$	4,545	$	4,476	$	83			1.9	%
Northern Ohio		4,184		4,132		4,082		3,941		4,094		90			2.2
Southern Ohio / Kentucky		1,986		1,938		1,861		1,750		1,764		222			12.6
West Michigan		2,791		2,774		2,666		2,630		2,678		113			4.2
East Michigan		2,255		2,287		2,257		2,261		2,289		(34	)		(1.5	)
West Virginia		1,471		1,428		1,408		1,387		1,367		104			7.6
Indiana		746		743		747		724		699		47			6.7
Unizan ⁽²⁾		523		—		—		—		—		523			—
Mortgage and equipment leasing groups		162		202		215		197		179		(17	)		(9.5	)

Regional Banking		18,677		18,001		17,718		17,435		17,546		1,131			6.4
Dealer Sales		58		63		72		69		71		(13	)		(18.3	)
Private Financial and Capital Markets Group		1,150		1,161		1,133		1,150		1,109		41			3.7
Treasury / Other		3,143		3,217		3,293		3,256		2,737		406			14.8

Total deposits	$	23,028	$	22,442	$	22,216	$	21,910	$	21,463	$	1,565			7.3	%

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

⁽²⁾		In the first quarter of 2006, loans acquired from Unizan were reflected in the Regional Banking and PFCMG lines of business, and deposits acquired from Unizan were reflected in the Regional Banking line of business.

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)


	2006			2005												1Q06 vs 1Q05
(in thousands of dollars, except per share amounts)	First			Fourth			Third			Second			First			Amount			Percent

Interest income	$	464,787		$	442,476		$	420,858		$	402,326		$	376,105		$	88,682			23.6	%
Interest expense		221,107			198,800			179,221			160,426			140,907			80,200			56.9

Net interest income		243,680			243,676			241,637			241,900			235,198			8,482			3.6
Provision for credit losses		19,540			30,831			17,699			12,895			19,874			(334	)		(1.7	)

Net interest income after provision for credit losses		224,140			212,845			223,938			229,005			215,324			8,816			4.1

Service charges on deposit accounts		41,222			42,083			44,817			41,516			39,418			1,804			4.6
Trust services		21,278			20,425			19,671			19,113			18,196			3,082			16.9
Brokerage and insurance income		15,193			13,101			13,948			13,544			13,026			2,167			16.6
Bank owned life insurance income		10,242			10,389			10,104			10,139			10,104			138			1.4
Other service charges and fees		11,509			11,488			11,449			11,252			10,159			1,350			13.3
Mortgage banking income (loss)		17,832			10,909			21,116			(2,376	)		12,061			5,771			47.8
Securities gains (losses)		(20	)		(8,770	)		101			(343	)		957			(977	)		N.M.
Gains on sales of automobile loans		448			455			502			254			—			448			—
Other income		22,440			22,900			9,770			24,974			17,397			5,043			29.0

Sub-total before operating lease income		140,144			122,980			131,478			118,073			121,318			18,826			15.5
Operating lease income		19,390			24,342			29,262			38,097			46,732			(27,342	)		(58.5	)

Total non-interest income		159,534			147,322			160,740			156,170			168,050			(8,516	)		(5.1	)

Personnel costs		131,557			116,111			117,476			124,090			123,981			7,576			6.1
Net occupancy		17,966			17,940			16,653			17,257			19,242			(1,276	)		(6.6	)
Outside data processing and other services		19,851			19,693			18,062			18,113			18,770			1,081			5.8
Equipment		16,503			16,093			15,531			15,637			15,863			640			4.0
Professional services		5,365			7,440			8,323			9,347			9,459			(4,094	)		(43.3	)
Marketing		7,798			7,403			6,779			7,441			6,454			1,344			20.8
Telecommunications		4,825			4,453			4,512			4,801			4,882			(57	)		(1.2	)
Printing and supplies		3,074			3,084			3,102			3,293			3,094			(20	)		(0.6	)
Amortization of intangibles		1,075			218			203			204			204			871			N.M.
Other expense		15,794			19,194			19,588			19,074			18,380			(2,586	)		(14.1	)

Sub-total before operating lease expense		223,808			211,629			210,229			219,257			220,329			3,479			1.6
Operating lease expense		14,607			18,726			22,823			28,879			37,948			(23,341	)		(61.5	)

Total non-interest expense		238,415			230,355			233,052			248,136			258,277			(19,862	)		(7.7	)

Income before income taxes		145,259			129,812			151,626			137,039			125,097			20,162			16.1
Provision for income taxes		40,803			29,239			43,051			30,615			28,578			12,225			42.8

Net income	$	104,456		$	100,573		$	108,575		$	106,424		$	96,519		$	7,937			8.2	%

Average common shares — diluted		234,371			229,718			233,456			235,671			235,053			(682	)		(0.3	)%

Per common share
Net income — diluted	$	0.45		$	0.44		$	0.47		$	0.45		$	0.41		$	0.04			9.8
Cash dividends declared		0.250			0.215			0.215			0.215			0.200			0.050			25.0

Return on average total assets		1.26	%		1.22	%		1.32	%		1.31	%		1.20	%		0.06	%		5.0
Return on average total shareholders’ equity		15.5			15.5			16.5			16.3			15.5			—			—
Net interest margin ^⁽¹⁾		3.32			3.34			3.31			3.36			3.31			0.01			0.3
Efficiency ratio ⁽²⁾		58.3			57.0			57.4			61.8			63.7			(5.4	)		(8.5	)
Effective tax rate		28.1			22.5			28.4			22.3			22.8			5.3			23.2

Revenue — fully taxable equivalent (FTE)
Net interest income	$	243,680		$	243,676		$	241,637		$	241,900		$	235,198		$	8,482			3.6
FTE adjustment		3,836			3,837			3,734			2,961			2,861			975			34.1

Net interest income ⁽¹⁾		247,516			247,513			245,371			244,861			238,059			9,457			4.0
Non-interest income		159,534			147,322			160,740			156,170			168,050			(8,516	)		(5.1	)

Total revenue ⁽¹⁾	$	407,050		$	394,835		$	406,111		$	401,031		$	406,109		$	941			0.2	%

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 Mortgage Banking Income and Net Impact of MSR Hedging
(Unaudited)


	2006			2005												1Q06 vs 1Q05
(in thousands of dollars)	First			Fourth			Third			Second			First			Amount			Percent

Mortgage Banking Income
Origination fees	$	1,977		$	1,979		$	3,037		$	3,066		$	2,699		$	(722	)		(26.8	)%
Secondary marketing		2,022			3,346			3,409			1,749			2,482			(460	)		(18.5	)
Servicing fees		5,925			5,791			5,532			5,464			5,394			531			9.8
Amortization of capitalized servicing		(3,532	)		(3,785	)		(4,626	)		(5,187	)		(4,761	)		1,229			(25.8	)
Other mortgage banking income		2,227			3,193			3,307			2,763			2,487			(260	)		(10.5	)

Sub-total		8,619			10,524			10,659			7,855			8,301			318			3.8
MSR valuation adjustment		9,213			385			10,457			(10,231	)		3,760			5,453			N.M.

Total mortgage banking income (loss)	$	17,832		$	10,909		$	21,116		$	(2,376	)	$	12,061		$	5,771			47.8	%


Capitalized mortgage servicing rights ⁽¹⁾	$	123,257		$	91,259		$	85,940		$	71,150		$	80,972		$	42,285			52.2	%
MSR allowance ⁽¹⁾		—			(404	)		(789	)		(11,246	)		(1,015	)		1,015			N.M.
Total mortgages serviced for others ⁽¹⁾		7,386,000			7,276,000			7,081,000			6,951,000			6,896,000			490,000			7.1

Net Impact of MSR Hedging
MSR valuation adjustment ⁽³⁾	$	9,213		$	385		$	10,457		$	(10,231	)	$	3,760		$	5,453			N.M.	%
Net trading gains (losses) related to MSR hedging ⁽²⁾		(4,638	)		(2,091	)		(12,831	)		5,727			(4,182	)		(456	)		10.9
Net interest income related to MSR hedging		—			109			233			512			834			(834	)		N.M.

Net impact of MSR hedging	$	4,575		$	(1,597	)	$	(2,141	)	$	(3,992	)	$	412		$	4,163			N.M.	%

N.M., not a meaningful value.


⁽¹⁾		At period end.


⁽²⁾		Included in other non-interest income.


⁽³⁾		The first quarter of 2006 reflects the adoption of SFAS 156, which records MSRs at fair value. Prior periods reflect temporary impairment or recovery, based on accounting for MSRs at the lower of cost or market.

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)


	2006			2005
(in thousands of dollars)	First			Fourth			Third			Second			First

Allowance for loan and lease losses, beginning of period	$	268,347		$	253,943		$	254,784		$	264,390		$	271,211

Acquired allowance for loan and lease losses		22,187			—			—			—			—
Loan and lease losses		(33,405	)		(27,072	)		(25,830	)		(25,733	)		(37,213	)
Recoveries of loans previously charged off		9,189			9,504			7,877			9,469			8,941

Net loan and lease losses		(24,216	)		(17,568	)		(17,953	)		(16,264	)		(28,272	)

Provision for loan and lease losses		17,521			31,972			17,112			13,247			21,451
Economic reserve transfer		—			—			—			(6,253	)		—
Allowance of assets sold and securitized		—			—			—			(336	)		—

Allowance for loan and lease losses, end of period	$	283,839		$	268,347		$	253,943		$	254,784		$	264,390


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	36,957		$	38,098		$	37,511		$	31,610		$	33,187

Acquired AULC		325			—			—			—			—
Provision for unfunded loan commitments and letters of credit losses		2,019			(1,141	)		587			(352	)		(1,577	)
Economic reserve transfer		—			—			—			6,253			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	39,301		$	36,957		$	38,098		$	37,511		$	31,610


Total allowances for credit losses	$	323,140		$	305,304		$	292,041		$	292,295		$	296,000


Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.88	%		0.89	%		0.84	%		0.82	%		0.82	%
Economic reserve		0.21			0.21			0.20			0.22			0.27

Total loans and leases		1.09	%		1.10	%		1.04	%		1.04	%		1.09	%

Non-performing loans and leases (NPLs)		209			263			283			304			441
Non-performing assets (NPAs)		183			229			249			262			361

Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.24	%		1.25	%		1.19	%		1.19	%		1.22	%
Non-performing loans and leases		238			300			326			349			494
Non-performing assets		209			261			287			300			404

Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)


	2006			2005
(in thousands of dollars)	First			Fourth			Third			Second			First

Net charge-offs by loan and lease type:
Commercial:
Middle market commercial and industrial	$	6,887		$	(744	)	$	(1,082	)	$	1,312		$	14,092
Middle market commercial real estate:
Construction		(241	)		(175	)		495			(134	)		(51	)
Commercial		210			14			1,779			2,269			(152	)

Middle market commercial real estate		(31	)		(161	)		2,274			2,135			(203	)
Small business		3,709			4,465			3,062			2,141			2,283

Total commercial		10,565			3,560			4,254			5,588			16,172

Consumer:
Automobile loans		2,977			3,213			3,895			1,664			3,216
Automobile leases		3,515			3,422			3,105			2,123			3,014

Automobile loans and leases		6,492			6,635			7,000			3,787			6,230
Home equity		4,515			4,498			4,093			5,065			3,963
Residential mortgage		715			941			522			430			439
Other loans		1,929			1,934			2,084			1,394			1,468

Total consumer		13,651			14,008			13,699			10,676			12,100


Total net charge-offs	$	24,216		$	17,568		$	17,953		$	16,264		$	28,272


Net charge-offs — annualized percentages:
Commercial:
Middle market commercial and industrial		0.54	%		(0.06	)%		(0.09	)%		0.11	%		1.20	%
Middle market commercial real estate:
Construction		(0.07	)		(0.04	)		0.12			(0.03	)		(0.01	)
Commercial		0.03			—			0.37			0.48			(0.03	)

Middle market commercial real estate		—			(0.02	)		0.25			0.24			(0.02	)
Small business		0.70			0.80			0.54			0.38			0.42

Total commercial		0.38			0.13			0.16			0.21			0.62

Consumer:
Automobile loans		0.60			0.64			0.75			0.32			0.64
Automobile leases		0.63			0.59			0.51			0.34			0.49

Automobile loans and leases		0.62			0.61			0.62			0.33			0.56
Home equity		0.38			0.39			0.35			0.44			0.35
Residential mortgage		0.07			0.09			0.05			0.04			0.04
Other loans		1.32			1.48			1.64			1.14			1.22

Total consumer		0.40			0.41			0.40			0.31			0.36


Net charge-offs as a % of average loans		0.39	%		0.29	%		0.29	%		0.27	%		0.47	%

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


	2006			2005
(in thousands of dollars)	March 31,			December 31,			September 30,			June 30,			March 31,

Non-accrual loans and leases:
Middle market commercial and industrial	$	45,723		$	28,888		$	25,431		$	26,856		$	16,993
Middle market commercial real estate		18,243			15,763			13,073			15,331			6,682
Small business		28,389			28,931			26,098			19,788			16,387
Residential mortgage		29,376			17,613			16,402			14,137			12,498
Home equity		13,778			10,720			8,705			7,748			7,333

Total non-performing loans and leases		135,509			101,915			89,709			83,860			59,893

Other real estate, net:
Residential		17,481			14,214			11,182			10,758			10,571
Commercial		1,903			1,026			909			2,800			2,839

Total other real estate, net		19,384			15,240			12,091			13,558			13,410


Total non-performing assets	$	154,893		$	117,155		$	101,800		$	97,418		$	73,303


Non-performing loans and leases guaranteed by the U.S. government	$	18,256		$	7,324		$	6,812		$	5,892		$	4,264

Non-performing loans and leases as a % of total loans and leases		0.52	%		0.42	%		0.37	%		0.34	%		0.25	%

Non-performing assets as a % of total loans and leases and other real estate		0.59			0.48			0.42			0.40			0.30

Accruing loans and leases past due 90 days or more	$	52,297		$	56,138		$	50,780		$	53,371		$	50,086

Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.20	%		0.23	%		0.21	%		0.22	%		0.21	%


	2006			2005
(in thousands of dollars)	First			Fourth			Third			Second			First

Non-performing assets, beginning of period	$	117,155		$	101,800		$	97,418		$	73,303		$	108,568
New non-performing assets		53,768			52,553			37,570			47,420			33,607
Acquired non-performing assets		33,843			—			—			—			—
Returns to accruing status		(14,310	)		(3,228	)		(231	)		(250	)		(3,838	)
Loan and lease losses		(13,314	)		(9,063	)		(5,897	)		(6,578	)		(17,281	)
Payments		(13,195	)		(21,329	)		(21,203	)		(11,925	)		(10,404	)
Sales		(9,054	)		(3,578	)		(5,857	)		(4,552	)		(37,349	)


Non-performing assets, end of period	$	154,893		$	117,155		$	101,800		$	97,418		$	73,303

Huntington Bancshares Incorporated
Quarterly Stock Summary, Capital, and Other Data
(Unaudited)

Quarterly common stock summary


	2006		2005
(in thousands, except per share amounts)	First		Fourth		Third		Second		First

Common stock price, per share
High ^⁽¹⁾	$	24.750	$	24.640	$	25.410	$	24.750	$	24.780
Low ⁽¹⁾		22.560		20.970		22.310		22.570		22.150
Close		24.130		23.750		22.470		24.140		23.900
Average closing price		23.649		23.369		24.227		23.771		23.216

Dividends, per share
Cash dividends declared on common stock	$	0.250	$	0.215	$	0.215	$	0.215	$	0.200

Common shares outstanding
Average — basic		230,976		226,699		229,830		232,217		231,824
Average — diluted		234,371		229,718		233,456		235,671		235,053
Ending		245,206		224,106		229,006		230,842		232,192
Book value per share	$	12.56	$	11.41	$	11.45	$	11.40	$	11.15
Tangible book value per share		9.95		10.44		10.50		10.45		10.22

Common share repurchases
Number of shares repurchased		4,831		5,175		2,598		1,818		—

Capital adequacy


	2006			2005
(in millions of dollars)	March 31,			December 31,			September 30,			June 30,			March 31,

Total risk-weighted assets ⁽²⁾	$	31,361		$	29,599		$	29,352		$	29,973		$	30,267

Tier 1 leverage ratio ⁽²⁾		8.65	%		8.34	%		8.50	%		8.50	%		8.45	%
Tier 1 risk-based capital ratio ⁽²⁾		9.07			9.13			9.42			9.18			9.04
Total risk-based capital ratio ⁽²⁾		12.23			12.42			12.70			12.39			12.33

Tangible equity / asset ratio		6.97			7.19			7.39			7.36			7.42
Tangible equity / risk-weighted assets ratio ⁽²⁾		7.78			7.91			8.19			8.05			7.84
Average equity / average assets		8.15			7.89			7.97			8.03			7.76

Other data
Number of employees (full-time equivalent)		8,078			7,602			7,586			7,713			7,813
Number of domestic full-service banking offices ^{(3) (4)}		385			344			346			344			343

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

⁽²⁾		March 31, 2006 figures are estimated.

⁽³⁾		Includes Private Financial Group offices in Florida.

⁽⁴⁾		Includes 42 Unizan offices.

Huntington Bancshares Incorporated Quarterly
Operating Lease Performance
(Unaudited)


	2006			2005												1Q06 vs 1Q05
(in thousands of dollars)	First			Fourth			Third			Second			First			Amount			Percent

Balance Sheet:
Average operating lease assets outstanding	$	199,998		$	245,346		$	308,952		$	408,798		$	529,245		$	(329,247	)		(62.2	)%


Income Statement:
Net rental income	$	17,515		$	21,674		$	26,729		$	34,562		$	43,554		$	(26,039	)		(59.8	)%
Fees		732			1,482			1,419			1,773			1,857			(1,125	)		(60.6	)
Recoveries — early terminations		1,143			1,186			1,114			1,762			1,321			(178	)		(13.5	)

Total operating lease income		19,390			24,342			29,262			38,097			46,732			(27,342	)		(58.5	)


Depreciation and residual losses at termination		13,437			17,223			20,856			26,560			34,703			(21,266	)		(61.3	)
Losses — early terminations		1,170			1,503			1,967			2,319			3,245			(2,075	)		(63.9	)

Total operating lease expense		14,607			18,726			22,823			28,879			37,948			(23,341	)		(61.5	)

Net earnings contribution	$	4,783		$	5,616		$	6,439		$	9,218		$	8,784		$	(4,001	)		(45.5	)%


Earnings ratios ^⁽¹⁾
Net rental income		35.0	%		35.3	%		34.6	%		33.8	%		32.9	%		2.1	%		6.4	%
Depreciation and residual losses at termination		26.9			28.1			27.0			26.0			26.2			0.7			2.7

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.