Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE
July 21, 2006

Contacts:
Analysts				Media
Jay Gould		(614) 480-4060		Jeri Grier-Ball		(614) 480-5413
Susan Stuart		(614) 480-3878		Maureen Brown		(614) 480-4588

HUNTINGTON BANCSHARES REPORTS:

•		2006 SECOND QUARTER NET INCOME OF $111.6 MILLION, UP 5%, AND EARNINGS PER COMMON SHARE OF $0.46, UP 2%
•		2006 SIX-MONTH NET INCOME OF $216.1 MILLION, UP 6%, AND EARNINGS PER COMMON SHARE OF $0.90, UP 5%
•		TARGETS 2006 FULL-YEAR GAAP EARNINGS PER COMMON SHARE OF $1.80-$1.83

     COLUMBUS, Ohio – Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) reported 2006 second quarter earnings of $111.6 million, or $0.46 per common share, up 5% and 2%, respectively, from $106.4 million, or $0.45 per common share, in the year-ago quarter. The lower percentage increase in earnings per common share compared to net income reflected the impact of the Unizan merger. Earnings in the 2006 first quarter were $104.5 million, or $0.45 per common share.

     Earnings for the first six months of 2006 were $216.1 million, or $0.90 per common share, up 6% and 5%, respectively, from $202.9 million, or $0.86 per common share, in 2005.

     Highlights compared with 2006 first quarter included:

	•		Full quarter’s impact from the merger with Unizan Financial Corp. (Unizan) on March 1, 2006. Unizan had assets of $2.5 billion when acquired, including $1.6 billion of loans and leases, and core deposits of $1.5 billion. In the following discussion, “merger-adjusted” amounts and percentage changes represent reported results adjusted to exclude the impact of the merger. “Merger-related” amounts and percentage changes represent the impact attributable to the merger. “Merger costs” represent expenses associated with merger integration activities. Management believes these distinctions are helpful in better discerning underlying growth rates and in analyzing performance trends compared to prior periods. (See the Basis of Presentation discussion for an explanation of the methodology used to estimate the impact of the Unizan merger on reported results along with related reconciliation tables).
	•		3.34% net interest margin, up from 3.32%.

	•		30% annualized growth (11% merger-adjusted) in average total commercial loans.
	•		6%, or $8.0 million ($4.8 million merger-related), increase in non-interest income before operating lease income, reflecting broad based growth in a number of key fee income categories including:

	o		15% (12% merger-adjusted) increase in service charges on deposit accounts
	o		14% (13% merger-adjusted) growth in mortgage banking income,
	o		14% (12% merger-adjusted) growth in other service charges and fees.

	•		0.21% annualized net charge-offs, down 18 basis points.
	•		Stable period-end allowance for loan and lease losses (ALLL) ratio and slight decline in non-performing loans (NPLs).
	•		$16.4 million increase in other real estate owned (OREO), reflecting a $12.6 million reclassification of foreclosed mortgage loans fully guaranteed by the U.S. government from over 90-day delinquent but still accruing loans.
	•		6.46% period-end tangible common equity ratio, down from 6.97%, reflecting the repurchase of 8.1 million common shares, including 6.0 million in an accelerated stock repurchase transaction.

     “Second quarter net income and earnings per share were slightly above our expectations,” said Thomas E. Hoaglin, chairman, president, and chief executive officer. “The closing of the merger with Unizan Financial Corp. on March 1, 2006 favorably impacted reported growth rates of certain balance sheet and income statement items since this was the first full quarter after the merger. Yet, even excluding any impacts from the merger, we saw strength in some important areas.”

     “We were especially pleased that our net interest margin continued its trend of stability,” he noted. “Over the last 10 quarters, our net interest margin has remained within a narrow range of 3.29%-3.38%. This reflected our focus on disciplined loan and deposit pricing, as well as effective interest rate risk management. The strong merger-adjusted 11% annualized growth in average total commercial loans was also noteworthy, reflecting an almost two percentage point improvement in loan commitment utilization from the prior quarter. The continuation of a tough competitive environment made growing consumer loans and deposits a challenge. Average total core deposits on a merger-adjusted basis declined slightly as deposit pricing in our markets remained aggressive and we continued to exercise pricing discipline.”

     “We were also quite pleased with the linked-quarter merger-adjusted growth in important fee income categories. On a merger-adjusted basis, we saw 13% growth in mortgage banking income and 12% growth in service charges on deposit accounts, as well as in other service charges and fees. While merger-adjusted expenses increased, this was mostly in marketing, related to the timing of a television media campaign, as well as equipment expense, representing investments in growing and managing our business. We were also pleased that we generated positive operating leverage compared with the year-ago quarter.”

     “Underlying credit quality trends were strong,” he said. “Net charge-offs declined to 0.21%. With our provision for credit losses exceeding net charge-offs by $1.8 million, our allowance for loan losses ratio remained unchanged at 1.09%. Our 90-day delinquency ratio and NPLs remained stable. Though other real estate owned increased, this primarily reflected the

reclassification of U.S. government guaranteed foreclosed loans from 90-day delinquent loans.”

     “Capital levels remained strong. As expected, our period end tangible common equity ratio declined, ending the quarter at 6.46%, due to the repurchase of 8.1 million common shares. This is at the high end of our 6.25%-6.50% targeted range. Our internal capital generation rate was 7%, and the expectation is that we will continue to generate excess capital in the second half of the year.”

     “A particular highlight was the completion of our very successful integration of Unizan’s 110,000 customer accounts to our technology platforms and the conversion of their banking offices to the Huntington brand.”

     “In sum, we continue to be quite pleased with our overall performance and remain optimistic about our prospects for the rest of the year. With earnings per share of $0.90 for the first half of the year, we are narrowing our full-year GAAP earnings targeted range to $1.80-$1.83 per share,” he concluded.

SECOND QUARTER PERFORMANCE DISCUSSION

Significant Factors Influencing Financial Performance Comparisons

     In addition to the first full quarter Unizan impact on results, other specific significant items impacting 2006 second quarter performance included (see Table 1 below):

	•		$2.6 million pre-tax ($0.01 earnings per share) negative impact from current period Unizan merger costs, which consisted primarily of retention bonuses and occupancy, outside programming services, and marketing expenses.
	•		$2.3 million pre-tax ($0.01 earnings per share) positive impact from equity investment gains.

Table 1 – Significant Items Impacting Earnings Performance Comparisons ⁽¹⁾

Three Months Ended		Impact (2)
(in millions, except per share)		After-tax				EPS
June 30, 2006 – GAAP earnings		$	111.6			$	0.46
• Unizan merger-related expenses			(2.6	) (3)			(0.01	)
• Equity investment gains			2.3	(3)			0.01
March 31, 2006 – GAAP earnings		$	104.5			$	0.45
• MSR mark-to-market, net of hedge-related trading activity			4.6	(3)			0.01
• Adjustment to defer home equity annual fees			(2.4	) (3)			(0.01	)
June 30, 2005 – GAAP earnings		$	106.4			$	0.45
• Net impact of federal tax loss carry back			6.6				0.03
• MSR valuation impairment, net of hedge-related trading activity			(4.0	) (3)			(0.01	)
• Severance and consolidation expenses			(3.6	) (3)			(0.01	)
• Write-off of equity investment			(2.1	) (3)			(0.01	)

Net Interest Income, Net Interest Margin, Loans and Leases, and Investment Securities

2006 Second Quarter versus 2005 Second Quarter

     Fully taxable equivalent net interest income increased $21.3 million, or 9% ($3.6 million, or 1% merger-adjusted), from the year-ago quarter, reflecting the favorable impact of a $2.7 billion, or 9%, increase in average earning assets, as the fully taxable equivalent net interest margin declined two basis points to 3.34%. Average total loans and leases increased $1.7 billion, or 7%. On a merger-adjusted basis, average total loans and leases were essentially unchanged from the year-ago quarter. This primarily reflected growth in commercial loans, residential mortgages, and home equity loans, mostly offset by a decline in total average automobile loans and leases as the program to sell of a portion of that production continued.

     Average total commercial loans increased $1.2 billion, or 12% (4% merger-adjusted), from the year-ago quarter. The $1.2 billion growth reflected a $0.6 billion, or 11%, increase in average middle market C&I loans, a $0.5 billion, or 13%, increase in average commercial real estate loans, and a $0.2 billion, or 10%, increase in average small business loans.

     Average residential mortgages increased $0.5 billion, or 13% (3% merger-adjusted), and average home equity loans increased $0.2 billion, or 5% (<1% merger-adjusted).

     Compared with the year-ago quarter, average total automobile loans and leases decreased $0.4 billion, or 9%, with Unizan having no material impact. The decrease reflected the combination of two factors, (1) the continuation of historically low production levels over this period due to low consumer demand and competitive pricing, and (2) the sale of automobile loans as the company’s program of selling a portion of current loan production continued. Average operating lease assets declined $0.3 billion, or 63%, as this portfolio continued to run off. Total automobile loan and lease exposure at quarter end was 16%, down from 19% a year ago.

     Average total investment securities increased $1.1 billion from the 2005 second quarter, attributed in part to the securities purchased in the 2006 first quarter related to Unizan.

2006 Second Quarter versus 2006 First Quarter

     Compared with the 2006 first quarter, fully taxable equivalent net interest income increased $18.7 million, or 8% ($6.9 million, or 3% merger-adjusted). This reflected a 6% increase in average total earnings assets, the benefit of one additional day in the current quarter, as well as a two basis point increase in the net interest margin to 3.34% from 3.32%. The prior quarter’s net interest margin was negatively impacted by about 3 basis points in that period related to an adjustment for annual fees related to home equity loans.

     Average total loans and leases increased $1.3 billion, or 5%, from the 2006 first quarter, including a $1.1 billion positive impact from the Unizan merger.

     Average total commercial loans increased $0.8 billion, or 7% (3% merger-adjusted), from the 2006 first quarter. The $0.8 billion increase reflected a $0.3 billion, or 6%, increase in average middle market C&I loans, a $0.3 billion, or 16%, increase in average small business loans, and a $0.2 billion, or 4%, increase in average commercial real estate loans.

     Average residential mortgages increased $0.3 billion, or 8% (1% merger-adjusted), and average home equity loans increased $0.2 billion, or 4% (1% merger-adjusted). The sluggish merger-adjusted growth in average residential mortgages and home equity loans reflected a decline in broker-originated activity, as well as credit underwriting and pricing discipline.

     Compared with the 2006 first quarter, average total automobile loans and leases declined 2%, with the Unizan merger having no material impact. The decline reflected a combination of factors including low demand for leases, as well as the company’s program of selling a portion of automobile loan and lease production. Average direct financing leases declined $0.1 billion, or 6%. Though direct financing lease production increased 47% from the prior quarter, the absolute level of production over the last several quarters has remained at historically low levels due to continued low consumer demand and competitive pricing. In contrast, average automobile loans increased 3%. Automobile loan production increased 12% from the prior quarter and represented the second highest level of quarterly production in the last nine quarters. Average operating lease assets declined slightly as this portfolio continued to run off.

     Average investment securities increased $0.4 billion from the 2006 first quarter, primarily merger-related.

Deposits

2006 Second Quarter versus 2005 Second Quarter

     Average total core deposits in the 2006 second quarter increased $1.9 billion, or 11%, from the year-ago quarter. Most of the $1.9 billion increase reflected a $1.7 billion increase in average certificates of deposit less than $100,000, with average non-interest bearing and interest bearing demand deposits up $0.2 billion and $0.1 billion, respectively. Average savings and other domestic time deposits declined $0.1 billion.

     On a merger-adjusted basis, average total core deposits increased $0.4 billion, or 2%, from the year-ago quarter, reflecting a $1.1 billion increase in average certificates of deposit less than $100,000, partially offset by a $0.6 billion decline in average savings and other domestic time deposits, and a $0.1 billion decline in average interest bearing demand deposits. This transfer of funds into certificates of deposit less than $100,000 and out of other deposit accounts reflected the continuation of customer preference for higher fixed rate term deposit accounts.

2006 Second Quarter versus 2006 First Quarter

     Average total core deposits in the 2006 second quarter increased $1.0 billion, or 5%, with most of the increase reflecting a $0.6 billion increase in average certificates of deposit less than $100,000. Average interest bearing and non-interest bearing demand deposits each increased $0.2 billion, or 3% and 5%, respectively. Average savings and other domestic time deposits were essentially flat.

     On a merger-adjusted basis, average total core deposits declined slightly, reflecting a $0.3 billion decrease in average savings and other domestic time deposits that was essentially offset by a $0.2 billion increase in certificates of deposit less than $100,000. This transfer of funds into certificates of deposit less than $100,000 and out of savings and other time deposits reflected the same factors impacting comparisons to the year-ago quarter noted above. Merger-adjusted

average interest bearing and non-interest bearing demand deposits both increased slightly. Initiatives have been implemented targeted at growing these deposits.

Non-Interest Income

2006 Second Quarter versus 2005 Second Quarter

     Non-interest income increased $6.8 million, or 4%, from the year-ago quarter, despite a $23.2 million decline in operating lease income. That portfolio continued to run off since no automobile operating leases have been originated since April 2002. Non-interest income before operating lease income increased $30.1 million, or 25% ($7.2 million merger-related). The drivers of the $30.1 million increase included:

	•		$22.7 million increase ($0.3 million merger-related) in mortgage banking income, reflecting an $18.5 million positive impact of MSR valuation adjustments due to a $10.2 million MSR temporary impairment in the year-ago quarter before hedge-related trading activity, as well as higher secondary marketing income in the current quarter.
	•		$5.7 million, or 14%, increase in service charges on deposit accounts, reflecting a $4.7 million, or 18%, increase in personal service charges, primarily NSF/OD, and a $1.0 million, or 6%, increase in commercial service charge income. Of the $5.7 million reported increase, $1.6 million was merger-related, resulting in a 10% merger-adjusted increase.
	•		$3.6 million, or 19%, increase in trust services income, reflecting (1) a $2.0 million increase in higher personal trust income, mostly merger-related, as managed assets increased 19%, (2) a $0.9 million increase in Huntington Fund fees reflecting 17% managed asset growth, and (3) a $0.6 million increase in institutional trust income due to higher servicing fees with less than one-third of the growth being merger-related. Of the $3.6 million reported increase, $1.7 million was merger-related, resulting in a 10% merger-adjusted increase.
	•		$1.8 million, or 16%, increase in other service charges and fees, reflecting a $1.4 million, or 18%, increase in fees generated by higher debit card volume. Of the $1.8 million reported increase, $0.3 million was merger-related, resulting in a 13% merger-adjusted increase.
	•		$0.8 million, or 6%, increase in brokerage and insurance income, reflecting higher brokerage income including a $1.3 million, or 21%, increase in annuity fee income as annuity sales volume increased 16%. Of the $0.8 million reported increase, $0.5 million was merger-related, resulting in a 3% merger-adjusted increase.

Partially offset by:

•

$5.6 million, or 22%, decline in other income, reflecting a $12.5 million negative impact in MSR hedge-related trading activities as the current quarter included a $6.7 million trading loss compared with a $5.7 million trading gain in the year-ago quarter. This negative impact was partially offset by a $3.0 million positive impact from equity investment gains, as well as a $2.1 million merger-related increase.

Table 2 – Non-interest Income Analysis

		2Q06				Better/(Worse)								2Q05
(in millions)						Amount				Percent
Total non-interest income – reported		$	163.0			$	6.8				4	%		$	156.2
Less: Operating lease income			14.9												38.1
Sub-total – reported			148.2				30.1				25				118.1
Less: Unizan merger-related (1)			7.2												N/A
Total non-interest income – adjusted		$	141.0			$	22.9				19	%		$	118.1

2006 Second Quarter versus 2006 First Quarter

     Non-interest income increased $3.5 million, or 2%, from the 2006 first quarter. However, excluding the impact of a $4.5 million decline in operating lease income as that portfolio continued to run off, non-interest income before operating lease income increased $8.0 million, or 6% ($4.8 million merger-related). Contributing to the $8.0 million increase were:

	•		$6.0 million, or 15%, increase in service charges on deposit accounts. This reflected a $4.7 million, or 18%, increase in personal service charges, primarily NSF/OD, and a $1.3 million, or 8%, increase in commercial service charges. Of the $6.0 million reported increase, $1.1 million was merger-related, resulting in a 12% merger-adjusted increase.
	•		$2.5 million, or 14%, increase in mortgage banking income, reflecting a $2.9 million increase in secondary marketing income. Of the $2.5 million reported increase, $0.2 million was merger-related, resulting in a 13% merger-adjusted increase.
	•		$1.6 million, or 14%, increase in other service charges and fees reflecting an increase in debit card fees. Of the $1.6 million reported increase, $0.2 million was merger-related, resulting in a 12% merger-adjusted increase.
	•		$1.4 million, or 7%, increase in trust services income, reflecting (1) $0.8 million increase in personal trust income, all merger-related, (2) $0.3 million increase in Huntington Fund fees due to 2% growth in managed assets, and (3) $0.2 million increase in institutional trust servicing fees, primarily merger-related. Of the $1.4 million reported increase, $1.1 million was merger-related, resulting in a 1% merger-adjusted increase.

Partially offset by:

	•		$3.0 million, or 14%, decline in other income, primarily reflecting the negative impact of a $2.1 million increase in MSR hedge-related trading losses, $1.5 million decline in other capital market-related income, and losses from low income housing tax credit investments in the current quarter, which were only partially offset by the benefit from a $1.4 million merger-related increase.
	•		$0.8 million, or 6%, decline in brokerage and insurance income despite a $0.3 million positive merger-related impact, due primarily to lower insurance income, reflecting lower sales of an automobile loan insurance product, as well as title insurance.

Table 3 – Non-interest Income Analysis

		2Q06				Better/(Worse)								1Q06
(in millions)						Amount				Percent
Total non-interest income – reported		$	163.0			$	3.5				2	%		$	159.5
Less: Operating lease income			14.9												19.4
Sub-total – reported			148.2				8.0				6				140.1
Less: Unizan merger-related (1)			7.2												2.4
Total non-interest income – adjusted		$	141.0			$	3.2				2	%		$	137.8

Non-Interest Expense

2006 Second Quarter versus 2005 Second Quarter

     Non-interest expense increased $4.2 million, or 2%, from the year-ago quarter, despite an $18.1 million decline in operating lease expense as that portfolio continued to run off. Non-interest expense before operating lease expense increased $22.3 million, or 10%, from the year-ago quarter, with $20.6 million attributable to Unizan ($18.0 merger-related plus $2.6 million of merger costs). The primary drivers of the $22.3 million increase were:

	•		$13.8 million, or 11%, increase in personnel expense with Unizan contributing $8.4 million of the increase ($7.7 million merger-related plus $0.7 million of merger costs), as well as $4.3 million due to the expensing of stock options, which began in 2006.
	•		$3.4 million, or 50%, higher marketing expense with Unizan contributing $0.9 million of the increase ($0.3 million merger-related plus $0.6 million of merger costs), due primarily to television commercial advertising, including up-front development costs.
	•		$2.8 million increase in the amortization of intangibles, all merger-related.
	•		$2.4 million, or 15%, increase in equipment expense with Unizan contributing $0.6 million of the increase ($0.5 million merger-related plus $0.1 million of merger costs), reflecting higher depreciation expense.
	•		$1.5 million, or 8%, increase in outside data processing and other services with Unizan contributing $1.2 million of the increase ($0.5 million merger-related plus $0.7 million of merger costs), reflecting higher appraisal and debit card processing expense.

Partially offset by:

•

$3.1 million, or 33%, decline in professional services. Though Unizan added $1.6 million to current period expense ($1.5 million merger-related plus $0.1 million of merger costs), this was more than offset by lower consulting expense as the year-ago quarter included SEC and regulatory-related expenses, as well as other consulting costs.

     Discerning underlying non-interest expense performance requires adjusting reported non-interest expense so expenses in different periods can be analyzed on a comparable basis. Excluding operating lease expense is helpful because its decline may overstate the impact of expense control efforts. Conversely, the merger with Unizan, as well as the expensing of stock options that began in 2006, adds expenses that previously did not exist and may leave the opposite impression.

     Table 4 shows that when second quarter reported total non-interest expense is adjusted to

exclude operating lease expense, stock option expense, Unizan expenses including the increase in intangible amortization resulting from the merger, as well as merger-related expenses, underlying non-interest expense decreased 1% from the year-ago quarter.

Table 4 – Non-interest Expense Analysis

		2Q06				Better/(Worse)								2Q05
(in millions)						Amount				Percent
Total non-interest expense – reported		$	252.4			$	(4.2	)			(2	)%		$	248.1
Less: Operating lease expense			10.8												28.9
Sub-total – reported			241.6				(22.3	)			(10	)			219.3
Less: Stock option expense			4.3												N/A
Unizan merger-related (1)			18.0												N/A
Unizan merger costs			2.6												N/A
Total non-interest expense – adjusted		$	216.7			$	2.6				1	%		$	219.3

2006 Second Quarter versus 2006 First Quarter

     Non-interest expense increased $13.9 million, or 6%, from the 2006 first quarter despite a $3.8 million decline in operating lease expense as that portfolio continued to run off. Non-interest expense before operating lease expense increased $17.7 million, or 8%, with $13.6 million attributable to Unizan ($12.0 million merger-related and $1.6 million of merger-costs). The primary drivers of the $17.7 million increase included:

	•		$6.3 million, or 5%, increase in personnel costs with Unizan contributing $5.7 million of the increase ($5.2 million merger-related plus $0.5 million of merger costs).
	•		$3.4 million, or 21%, increase in other expense with Unizan contributing $2.1 million of the increase ($2.0 million merger-related plus $0.1 million of merger costs).
	•		$3.1 million, or 42%, higher marketing expense with Unizan contributing $0.6 million of the increase ($0.2 million merger-related plus $0.4 million of merger costs), due to television commercial costs (see above).
	•		$1.9 million increase in amortization of intangibles, all merger-related.
	•		$1.5 million, or 9%, increase in equipment expense with Unizan contributing $0.4 million of the increase ($0.3 million merger-related plus $0.1 million of merger costs), reflecting higher depreciation expense associated with the upgrade of a number of operating and administrative systems.

     Table 5 shows that when 2006 first and second quarter reported total non-interest expense is adjusted to exclude operating lease expense and Unizan merger-related expenses, including the increase in intangible amortization resulting from current-period merger-related expenses, non-interest expense increased 2% from the 2006 first quarter.

Table 5 – Non-interest Expense Analysis

		2Q06				Better/(Worse)								1Q06
(in millions)						Amount				Percent
Total non-interest expense – reported		$	252.4			$	(13.9	)			(6	)%		$	238.4
Less: Operating lease expense			10.8												14.6
Sub-total – reported			241.6				(17.7	)			(8	)			223.8
Less: Unizan merger-related (1)			18.0												5.9
Unizan merger costs			2.6												1.0
Total non-interest expense – adjusted		$	221.0			$	(4.1	)			(2	)%		$	216.9

(1) Includes estimated period impact plus increased intangible amortization

Operating Leverage

     Reported total revenues in the 2006 second quarter increased 7% from the year-ago quarter with reported total non-interest expense increasing 2%, resulting in reported positive operating leverage of 5%. This overstates operating leverage performance between these two periods because of the impact of operating lease accounting and other large items that affect comparability (see Table 6). After adjusting for operating lease accounting and such items, adjusted total revenue grew 12% with adjusted total expenses increasing at 10%, resulting in positive 2% operating leverage.

Table 6 — Operating Leverage Analysis

										Better /(Worse)
(in millions)		2Q06				2Q05				Amount				Percent
Revenue FTE – Reported (1)		$	429.2			$	401.0			$	28.2				7.0	%
• Operating lease expense			(10.8	)			(28.9	)
• Securities losses (gains)			—				0.3
Revenue FTE – Adjusted		$	418.4			$	372.5			$	45.9				12.3	%
Non-interest expense – Reported		$	252.4			$	248.1			$	4.3				1.7	%
• Operating lease expense			(10.8	)			(28.9	)
• Amortization of intangibles			(3.0	)			(0.2	)
• Unizan merger costs			(2.6	)			—
• SEC/Regulatory expenses			—				(1.7	)
• Severance and consolidation expenses			—				(3.6	)
Non-interest expense – Adjusted		$	235.9			$	213.8			$	(22.1	)			(10.3	)%
Operating leverage – Reported															5.3	%
Operating leverage – Adjusted															2.0	%
Efficiency ratio (2) – Reported			58.1	%			61.8	%
Efficiency ratio (2) – Adjusted			56.4	%			57.4	%

Income Taxes

     The company’s effective tax rate was 29.0% in the 2006 second quarter, up from 22.3% in the year-ago quarter, and 28.1% in the 2006 first quarter. As previously disclosed, the effective tax rate in each quarter of 2005 included the positive impact on net income due to a federal tax loss carry back.

Credit Quality

     Total net charge-offs for the 2006 second quarter were $14.0 million, or an annualized 0.21% of average total loans and leases. This was down from $16.3 million, or an annualized 0.27%, in the year-ago quarter. It was also down from $24.2 million, or an annualized 0.39%, of average total loans and leases in the 2006 first quarter, with 11 basis points of the decrease in the net charge-off ratio, or $6.5 million, related to the 2006 first quarter resolution of certain commercial loans that were classified as NPLs. Reserves were established for these commercial loans in the 2005 fourth quarter.

     Total commercial net charge-offs in the second quarter were $3.4 million, or an annualized 0.12%, down $2.1 million from $5.6 million, or an annualized 0.21%, in the year-ago quarter. Compared with the 2006 first quarter, current period total commercial net charge-offs decreased $7.1 million, reflecting the resolution of $6.5 million of loans classified as NPLs in the 2005 fourth quarter noted above.

     Total consumer net charge-offs in the current quarter were $10.5 million, or an annualized 0.30% of average related loans, down slightly from $10.7 million, or 0.31%, in the year-ago quarter. Compared with the 2006 first quarter, total consumer net charge-offs decreased $3.1 million from $13.7 million, or an annualized 0.40% of average related loans.

     NPAs were $171.1 million at June 30, 2006, and represented 0.65% of related assets, up $73.7 million from $97.4 million, or 0.40% of related assets, at the end of the year-ago quarter, and up $16.2 million from $154.9 million, or 0.59% of related assets, at March 31, 2006. The increase from March 31, 2006, reflected a $16.4 million increase in other real estate owned (OREO) and included $12.6 million due to a reclassification of foreclosed mortgage loans fully guaranteed by the U.S. government from over 90-day delinquent but still accruing loans. Huntington services mortgage loans for GNMA. When loans sold to GNMA become 120 days delinquent, Huntington may repurchase them and begin foreclosure. In accordance with FAS 140, such loans that are eligible for repurchase are recorded as loans on the balance sheet. When those loans are foreclosed, such loans are then recorded as OREO. This change in the reporting for GNMA-guaranteed OREO also accounted for the $12.5 million increase in total NPAs guaranteed by the U.S. government from the end of the 2006 first quarter to $30.7 million from $18.3 million at March 31, 2006.

     NPLs, which exclude OREO, increased $51.4 million from the year-earlier period to $135.3 million at June 30, 2006, with $32.8 million representing NPLs acquired in the Unizan merger. NPLs declined slightly from March 31, 2006. NPLs expressed as a percent of total loans and leases were 0.51% at June 30, 2006, up from 0.34% a year earlier, but down slightly from 0.52% at March 31, 2006.

     The over 90-day delinquent but still accruing, ratio was 0.19% at June 30, 2006, down from 0.22% at the end of the year-ago quarter, and from 0.20% at March 31, 2006, with these declines reflecting the reclassification of GNMA-guaranteed foreclosed OREO noted above. Over the last five quarters, the 90-day delinquency ratio has been relatively stable and remained at a low relative level compared with the last five-year period.

Allowances for Credit Losses (ACL) and Loan Loss Provision

     We maintain two reserves, both of which are available to absorb possible credit losses: the allowance for loan and lease losses (ALLL) and the allowance for unfunded loan commitments (AULC). When summed together, these reserves constitute the total allowances for credit losses (ACL).

     The June 30, 2006, ALLL was $287.5 million, $32.7 million higher than $254.8 million a year earlier, and $3.7 million higher than $283.8 million at March 31, 2006. Expressed as a percent of period-end loans and leases, the ALLL ratio at June 30, 2006, was 1.09%, up from 1.04% a year ago, but unchanged from March 31, 2006. Table 7 shows the change in the ALLL ratio and each reserve component for the 2006 first and second quarters, as well as the 2005 second quarter.

Table 7 – Components of ALLL as Percent of Total Loans and Leases

														2Q06 change from
		2Q06				1Q06				2Q05				1Q06				2Q05
Transaction reserve (1)			0.89	%			0.88	%			0.82	%			0.01	%			0.07	%
Economic reserve			0.20				0.21				0.22				(0.01	)			(0.02	)
Total ALLL			1.09	%			1.09	%			1.04	%			—	%			0.05	%

     The ALLL as a percent of NPLs was 213% at June 30, 2006, down from 304% a year ago, but up from 209% at March 31, 2006. The ALLL as a percent of NPAs was 168% at June 30, 2006, down from 262% a year ago, and from 183% at March 31, 2006.

     At June 30, 2006, the AULC was $38.9 million, up from $37.5 million at the end of the year-ago quarter, but down slightly from March 31, 2006.

     On a combined basis, the ACL as a percent of total loans and leases at June 30, 2006, was 1.24%, up from 1.19% a year ago, but unchanged from March 31, 2006. The ACL as a percent of NPAs was 191% at June 30, 2006, down from 300% a year earlier and 209% at March 31, 2006.

     The provision for credit losses in the 2006 second quarter was $15.7 million, and exceeded net charge-offs by $1.8 million. The current quarter provision for credit losses was up $2.9 million from the year-ago quarter, but was down $3.8 million from the 2006 first quarter.

Capital

     At June 30, 2006, the tangible equity to assets ratio was 6.46%, down from 7.36% a year ago and from 6.97% at March 31, 2006. At June 30, 2006, the tangible equity to risk-weighted assets

ratio was 7.29%, down from 8.05% at the end of the year-ago quarter and from 7.80% at March 31, 2006. The decrease in the tangible equity to assets ratio from the year-ago period reflected approximately two basis points related to the issuance of capital for the Unizan merger, as well as 138 basis points, due to the impact of share repurchases. The decrease in the tangible equity to assets ratio from March 31, 2006 reflected approximately 53 basis points related to the impact of the share repurchases.

     During the quarter, 8.1 million shares of common stock were repurchased in the open market, leaving 6.9 million shares available for purchase under the 15 million share repurchase authorization announced April 20, 2006.

2006 OUTLOOK

     When earnings guidance is given, it is the company’s practice to do so on a GAAP basis, unless otherwise noted. Such guidance includes the expected results of all significant forecasted activities. However, guidance typically excludes unusual or one-time items, as well as selected items where the timing and financial impact is uncertain, until such time as the impact can be reasonably forecasted.

     Below is a list of more specific 2006 full-year performance assumptions, none of which have changed from prior guidance in April 2006:

	•		Revenue growth in the low- to mid-single digits (1)
	•		Relatively stable net interest margin comparable to the 2006 second quarter level.
	•		Expense growth in the low-single digit range (1)
	•		Revenue that grows faster than expenses, resulting in positive operating leverage and continued improvement in the reported efficiency ratio (1)
	•		A net charge-off ratio slightly below, or at, the lower end of the company’s 0.35%-0.45% targeted range
	•		Relatively stable NPA and allowance for loan and lease loss ratios from levels at June 30, 2006.

     Within this type of environment, and given actual six-month 2006 GAAP earnings of $0.90 per share, targeted full-year 2006 GAAP earnings is being narrowed to $1.80-$1.83 per share.

Conference Call / Webcast Information

     Huntington’s senior management will host an earnings conference call today at 1:00 p.m. (Eastern Time). The call may be accessed via a live Internet webcast at huntington-ir.com or through a dial-in telephone number at 800-223-1238; conference ID 1973909. Slides will be available at huntington-ir.com just prior to 1:00 p.m. (Eastern Time) today for review during the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s web site huntington-ir.com. A telephone replay will be available approximately two hours after the completion of the call through July 31, 2006 at 800-642-1687; conference ID 1973909.

Forward-looking Statement

     This press release contains certain forward-looking statements, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. A number of factors, including but not limited to those set forth under the heading “Risk Factors” included in Item 1A of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2005, and other factors described from time to time in Huntington’s other filings with the Securities and Exchange Commission, could cause actual conditions, events, or results to differ significantly from those described in the forward-looking statements. All forward-looking statements included in this news release are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement.

Basis of Presentation

Use of Non-GAAP Financial Measures

     This earnings release contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this release or in the Quarterly Financial Review supplement to this earnings release, which can be found on Huntington’s website at huntington-ir.com.

Estimating the Impact on Balance Sheet and Income Statement Results Due to the Unizan Merger

     The merger with Unizan Financial Corp. (Unizan) was completed on March 1, 2006. At the time of acquisition, Unizan had assets of $2.5 billion, including $1.6 billion of loans, and core deposits of $1.5 billion. When comparing post-merger period results to pre-merger periods, the term “merger-adjusted” refers to amounts and percentage changes that represent reported results adjusted to exclude the impact of the merger. The term “merger-related” refers to amounts and percentage changes representing the impact attributable to the merger. “Merger costs” represent expenses associated with merger integration activities. Management believes these distinctions are helpful in better discerning underlying growth rates and in analyzing performance trends compared to prior periods. The following methodology has been implemented to estimate the approximate effect of the Unizan merger used to determine “merger-adjusted” and “merger-related” impacts.

     Balance Sheet Items

     For loans and leases, as well as core deposits, balances as of the acquisition date are pro-rated to the post-merger period being used in the comparison. For example, to estimate the impact on 2006 first quarter average balances, one-third of the closing date balance was used as those balances were in reported results for only one month of the quarter. Full quarter and year-to-date estimated impacts were developed using this same pro-rata methodology. This methodology assumes acquired balances will remain constant over time.

     The following tables reconcile selected GAAP/reported results to results adjusted for the impact of the Unizan merger using this methodology:

2006 Second Quarter versus 2005 Second Quarter

							Change
Averages (in millions)		2Q06					Amount				Percent					2Q05
Total loans and leases – reported		$	26,201				$	1,743				7.1	%			$	24,458
Less: Unizan merger-related			1,663														N/A
Total loans and leases – adjusted		$	24,538				$	80				0.3	%			$	24,458
Total commercial loans – reported		$	11,956				$	1,242				11.6	%			$	10,714
Less: Unizan merger-related			793														N/A
Commercial loans – adjusted		$	11,163				$	449				4.2	%			$	10,714
Home equity loans – reported		$	4,872				$	236				5.1	%			$	4,636
Less: Unizan merger-related			223														N/A
Home equity loans – adjusted		$	4,649				$	13				0.3	%			$	4,636
Residential mortgages – reported		$	4,629				$	549				13.5	%			$	4,080
Less: Unizan merger-related			409														N/A
Residential mortgages – adjusted		$	4,220				$	140				3.4	%			$	4,080
Total core deposits – reported		$	18,908				$	1,929				11.4	%			$	16,979
Less: Unizan merger-related			1,547														N/A
Total core deposits – adjusted		$	17,361				$	382				2.3	%			$	16,979

2006 Second Quarter versus 2006 First Quarter

							Change
															Percent
Averages (in millions)		2Q06					Amount				Percent				Annualized					1Q06
Total loans and leases – reported		$	26,201				$	1,271				5.1	%			20.4	%			$	24,931
Less: Unizan merger-related			1,663																		554
Total loans and leases – adjusted		$	24,538				$	161				0.7	%			2.6	%			$	24,377
Total commercial loans – reported		$	11,956				$	826				7.4	%			29.7	%			$	11,130
Less: Unizan merger-related			793																		264
Commercial loans – adjusted		$	11,163				$	297				2.7	%			10.9	%			$	10,866
Home equity loans – reported		$	4,872				$	178				3.8	%			15.2	%			$	4,694
Less: Unizan merger-related			223																		74
Home equity loans – adjusted		$	4,649				$	29				0.6	%			2.5	%			$	4,620
Residential mortgages – reported		$	4,629				$	323				7.5	%			30.0	%			$	4,306
Less: Unizan merger-related			409																		136
Residential mortgages – adjusted		$	4,220				$	50				1.2	%			4.8	%			$	4,170
Total core deposits – reported		$	18,908				$	966				5.4	%			21.5	%			$	17,942
Less: Unizan merger-related			1,547																		516
Total core deposits – adjusted		$	17,361				$	(65	)			(0.4	)%			(1.5	)%			$	17,426

     Income Statement Items

     For income statement line items, Unizan’s actual full year results for 2005 were used for pro-rating the impact on post-merger periods. For example, to estimate the 2006 first quarter impact of the merger on personnel costs, one-twelfth of Unizan’s full-year 2005 personnel costs was used. Full quarter and year-to-date estimated impacts were developed using this same pro-rata methodology. This results in an approximate impact since the methodology does not adjust for any unusual items or seasonal factors in Unizan 2005 reported results. The one exception to this methodology relates to the amortization of intangibles expense where the actual post-merger amount was used.

     The following tables reconcile selected GAAP/reported results to results adjusted for the impact of the Unizan merger using this methodology:

2006 Second Quarter versus 2005 Second Quarter

							Change
(in millions)		2Q06					Amount				Percent					2Q05
Net-interest Income
Net interest income (FTE) – reported		$	266,179				$	21,318				8.7	%			$	244,861
Less: Unizan merger-related			17,694														N/A
Net interest income (FTE) – adjusted		$	248,485				$	3,624				1.5	%			$	244,861
Non-interest Income
Total non-interest income before operating lease income – reported		$	148,168				$	30,095				25.5	%			$	118,073
Less: Unizan merger-related			7,177														N/A
Total non-interest income before operating lease income – adjusted		$	140,991				$	22,918				19.4	%			$	118,073
Service charges on deposit accounts – reported		$	47,225				$	5,709				13.8	%			$	41,516
Less: Unizan merger-related			1,577														N/A
Service charges on deposit accounts – adjusted		$	45,648				$	4,132				10.0	%			$	41,516
Trust services – reported		$	22,676				$	3,563				18.6	%			$	19,113
Less: Unizan merger-related			1,654														N/A
Trust services – adjusted		$	21,022				$	1,909				10.0	%			$	19,113
Brokerage and insurance – reported		$	14,345				$	801				5.9	%			$	13,544
Less: Unizan merger-related			457														N/A
Brokerage and insurance – adjusted		$	13,888				$	344				2.5	%			$	13,544
Other service charges and fees – reported		$	13,072				$	1,820				16.2	%			$	11,252
Less: Unizan merger-related			310														N/A
Other service charges and fees – adjusted		$	12,762				$	1,510				13.4	%			$	11,252
Mortgage banking – reported		$	20,355				$	22,731				N.M.				$	(2,376	)
Less: Unizan merger-related			257														N/A
Mortgage banking – adjusted		$	20,098				$	22,474				N.M.				$	(2,376	)
Other – reported		$	19,394				$	(5,580	)			(22.3	)%			$	24,974
Less: Unizan merger-related			2,137														N/A
Other – adjusted		$	17,257				$	(7,717	)			(30.9	)%			$	24,974
Non-interest Expense
Total non-interest expense before operating lease expense – reported		$	241,555				$	22,298				10.2	%			$	219,257
Less: Unizan merger-related			17,955														N/A
Unizan merger costs			2,637														N/A
Total non-interest expense before operating lease expense – adjusted		$	220,963				$	1,706				0.8	%			$	219,257
Personnel costs – reported		$	137,904				$	13,814				11.1	%			$	124,090
Less: Unizan merger-related			7,726														N/A
Unizan merger costs			706														N/A
Personnel costs – adjusted		$	129,472				$	5,382				4.3	%			$	124,090

Table 10 (cont’d)

							Change
(in millions)		2Q06					Amount				Percent					2Q05
Net occupancy – reported		$	17,927				$	670				3.9	%			$	17,257
Less: Unizan merger-related			1,291														N/A
Unizan merger costs			260														N/A
Net occupancy – adjusted		$	16,376				$	(881	)			(5.1	)%			$	17,257
Outside data processing and other services – reported		$	19,569				$	1,456				8.0	%			$	18,113
Less: Unizan merger-related			501														N/A
Unizan merger costs			691														N/A
Outside data processing and other services – adjusted		$	18,377				$	264				1.5	%			$	18,113
Equipment– reported		$	18,009				$	2,372				15.2	%			$	15,637
Less: Unizan merger-related			516														N/A
Unizan merger costs			40														N/A
Equipment – adjusted		$	17,453				$	1,816				11.6	%			$	15,637
Professional services – reported		$	6,292				$	(3,055	)			(32.7	)%			$	9,347
Less: Unizan merger-related			1,473														N/A
Unizan merger costs			89														N/A
Professional services – adjusted		$	4,730				$	(4,617	)			(49.4	)%			$	9,347
Marketing – reported		$	10,374				$	3,440				49.6	%			$	6,934
Less: Unizan merger-related			267														N/A
Unizan merger costs			588														N/A
Marketing – adjusted		$	9,519				$	2,585				37.3	%			$	6,934
Other – reported		$	19,734				$	153				0.8	%			$	19,581
Less: Unizan merger-related			3,028														N/A
Unizan merger costs			38														N/A
Other – adjusted		$	16,668				$	(2,913	)			(14.9	)%			$	19,581

2006 Second Quarter versus 2006 First Quarter

							Change
(in millions)		2Q06					Amount				Percent					1Q06
Net-interest Income
Net interest income (FTE) – reported		$	266,179				$	18,663				7.5	%			$	247,516
Less: Unizan merger-related			17,694														5,898
Net interest income (FTE) – adjusted		$	248,485				$	6,867				2.8	%			$	241,618
Non-interest Income
Total non-interest income before operating lease income – reported		$	148,168				$	8,024				5.7	%			$	140,144
Less: Unizan merger-related			7,177														2,392
Total non-interest income before operating lease income – adjusted		$	140,991				$	3,239				2.4	%			$	137,752
Service charges on deposit accounts – reported		$	47,225				$	6,003				14.6	%			$	41,222
Less: Unizan merger-related			1,577														526
Service charges on deposit accounts – adjusted		$	45,648				$	4,952				12.2	%			$	40,696
Trust services – reported		$	22,676				$	1,398				6.6	%			$	21,278
Less: Unizan merger-related			1,654														551
Trust services – adjusted		$	21,022				$	295				1.4	%			$	20,727
Brokerage and insurance – reported		$	14,345				$	(848	)			(5.6	)%			$	15,193
Less: Unizan merger-related			457														152
Brokerage and insurance – adjusted		$	13,888				$	(1,153	)			(7.7	)%			$	15,041

Table 11 (cont’d)

							Change
(in millions)		2Q06					Amount				Percent					1Q06
Other service charges and fees – reported		$	13,072				$	1,563				13.6	%			$	11,509
Less: Unizan merger-related			310														103
Other service charges and fees – adjusted		$	12,762				$	1,356				11.9	%			$	11,406
Mortgage banking – reported		$	20,355				$	2,523				14.1	%			$	17,832
Less: Unizan merger-related			257														86
Mortgage banking – adjusted		$	20,098				$	2,352				13.3	%			$	17,746
Other – reported		$	19,394				$	(3,046	)			(13.6	)%			$	22,440
Less: Unizan merger-related			2,137														712
Other – adjusted		$	17,257				$	(4,471	)			(20.6	)%			$	21,728
Non-interest Expense
Total non-interest expense before operating lease expense – reported		$	241,555				$	17,747				7.9	%			$	223,808
Less: Unizan merger-related			17,955														5,923
Unizan merger costs			2,637														1,013
Total non-interest expense before operating lease expense – adjusted		$	220,963				$	4,091				1.9	%			$	216,872
Personnel costs – reported		$	137,904				$	6,347				4.8	%			$	131,557
Less: Unizan merger-related			7,726														2,575
Unizan merger costs			706														202
Personnel costs – adjusted		$	129,472				$	692				0.5	%			$	128,780
Net occupancy – reported		$	17,927				$	(39	)			(0.2	)%			$	17,966
Less: Unizan merger-related			1,291														430
Unizan merger costs			260														—
Net occupancy – adjusted		$	16,376				$	(1,160	)			(6.6	)%			$	17,536
Outside data processing and other services – reported		$	19,569				$	(282	)			(1.4	)%			$	19,851
Less: Unizan merger-related			501														167
Unizan merger costs			691														646
Outside data processing and other services – adjusted		$	18,377				$	(661	)			(3.5	)%			$	19,038
Equipment– reported		$	18,009				$	1,506				9.1	%			$	16,503
Less: Unizan merger-related			516														172
Unizan merger costs			40														5
Equipment – adjusted		$	17,453				$	1,126				6.9	%			$	16,326
Professional services – reported		$	6,292				$	927				17.3	%			$	5,365
Less: Unizan merger-related			1,473														491
Unizan merger costs			89														13
Professional services – adjusted		$	4,730				$	(131	)			(2.7	)%			$	4,861
Marketing – reported		$	10,374				$	3,073				42.1	%			$	7,301
Less: Unizan merger-related			267														89
Unizan merger costs			588														146
Marketing – adjusted		$	9,519				$	2,453				34.7	%			$	7,066
Other – reported		$	19,734				$	3,443				21.1	%			$	16,291
Less: Unizan merger-related			3,028														1,009
Unizan merger costs			38														—
Other – adjusted		$	16,668				$	1,386				9.1	%			$	15,285