EX-99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
December 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 Automobile Operating Lease Performance			13

Consolidated Annual Average Balance Sheets			14

Consolidated Annual Net Interest Margin Analysis			15

Selected Annual Income Statement Data			16

Annual Mortgage Banking Income and Net Impact of MSR Hedging			17

Annual Credit Reserves Analysis			18

Annual Net Charge-Off Analysis			19

Annual Non-Performing Assets and Past Due Loans and Leases			20

Annual Automobile Operating Lease Performance			21

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			December ’06 vs ’05
(in thousands, except number of shares)	December 31,			September 30,			December 31,			Amount			Percent
	*(Unaudited)*			(Unaudited)
Assets
Cash and due from banks	$	1,080,163		$	848,088		$	966,445		$	113,718			11.8
Federal funds sold and securities purchased under resale agreements		440,584			370,418			74,331			366,253			N.M.
Interest bearing deposits in banks		74,168			59,333			22,391			51,777			N.M.
Trading account securities		36,056			122,621			8,619			27,437			N.M.
Loans held for sale		270,422			276,304			294,344			(23,922	)		(8.1	)
Investment securities		4,362,924			4,643,901			4,526,520			(163,596	)		(3.6	)
Loans and leases ⁽¹⁾		26,153,425			26,361,502			24,472,166			1,681,259			6.9
Allowance for loan and lease losses		(272,068	)		(280,152	)		(268,347	)		(3,721	)		1.4

Net loans and leases		25,881,357			26,081,350			24,203,819			1,677,538			6.9

Automobile operating lease assets		28,331			54,551			189,003			(160,672	)		(85.0	)
Bank owned life insurance		1,089,028			1,083,033			1,001,542			87,486			8.7
Premises and equipment		372,772			367,709			360,677			12,095			3.4
Goodwill		570,876			571,521			212,530			358,346			N.M.
Other intangible assets		59,487			61,239			4,956			54,531			N.M.
Accrued income and other assets		1,062,851			1,121,880			899,628			163,223			18.1

Total Assets	$	35,329,019		$	35,661,948		$	32,764,805		$	2,564,214			7.8


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	25,047,770		$	24,738,395		$	22,409,675		$	2,638,095			11.8
Short-term borrowings		1,676,189			1,532,504			1,889,260			(213,071	)		(11.3	)
Federal Home Loan Bank advances		996,821			1,221,669			1,155,647			(158,826	)		(13.7	)
Other long-term debt		2,229,140			2,592,188			2,418,419			(189,279	)		(7.8	)
Subordinated notes		1,286,657			1,275,883			1,023,371			263,286			25.7
Allowance for unfunded loan commitments and letters of credit		40,161			39,302			36,957			3,204			8.7
Deferred federal income tax liability		443,921			615,291			743,655			(299,734	)		(40.3	)
Accrued expenses and other liabilities		594,034			516,970			530,320			63,714			12.0

Total Liabilities		32,314,693			32,532,202			30,207,304			2,107,389			7.0

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 235,474,366; 237,921,076 and 224,106,172 shares, respectively		2,560,569			2,556,168			2,491,326			69,243			2.8
Less 22,391,889; 19,945,179 and 33,760,083 treasury shares at cost, respectively		(506,946	)		(445,359	)		(693,576	)		186,630			(26.9	)
Accumulated other comprehensive loss		(55,066	)		32,076			(22,093	)		(32,973	)		N.M.
Retained earnings		1,015,769			986,861			781,844			233,925			29.9

Total Shareholders’ Equity		3,014,326			3,129,746			2,557,501			456,825			17.9

Total Liabilities and Shareholders’ Equity	$	35,329,019		$	35,661,948		$	32,764,805		$	2,564,214			7.8


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				December ’06 vs ’05
(in thousands)	December 31,				September 30,				December 31,				Amount			Percent
	*(Unaudited)*				(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	5,988,363	22.9	%	$	5,751,178	21.8	%	$	5,084,244	20.6	%	$	904,119			17.8	%
Middle market commercial real estate:
Construction		986,508	3.8			1,148,036	4.3			1,521,897	6.2			(535,389	)		(35.2	)
Commercial		2,839,433	10.8			2,772,645	10.5			2,015,498	8.2			823,935			40.9

Middle market commercial real estate		3,825,941	14.6			3,920,681	14.8			3,537,395	14.4			288,546			8.2
Small business		2,540,148	9.6			2,535,940	9.6			2,223,740	9.1			316,408			14.2

Total commercial		12,354,452	47.1			12,207,799	46.2			10,845,379	44.1			1,509,073			13.9

Consumer:
Automobile loans		2,125,821	8.1			2,105,623	8.0			1,985,304	8.1			140,517			7.1
Automobile leases		1,769,424	6.8			1,910,257	7.2			2,289,015	9.3			(519,591	)		(22.7	)
Home equity		4,926,900	18.8			5,019,101	19.0			4,762,743	19.3			164,157			3.4
Residential mortgage		4,548,918	17.4			4,678,577	17.7			4,193,139	17.0			355,779			8.5
Other loans		427,910	1.7			440,145	1.7			396,586	1.4			31,324			7.9

Total consumer		13,798,973	52.8			14,153,703	53.6			13,626,787	55.1			172,186			1.3

Total loans and direct financing leases	$	26,153,425	99.9		$	26,361,502	99.8		$	24,472,166	99.2		$	1,681,259			6.9


Automobile operating lease assets		28,331	0.1			54,551	0.2			189,003	0.8			(160,672	)		(85.0	)

Total credit exposure	$	26,181,756	100.0	%	$	26,416,053	100.0	%	$	24,661,169	100.0	%	$	1,520,587			6.2	%



Total automobile exposure ⁽¹⁾	$	3,923,576	15.0	%	$	4,070,431	15.4	%	$	4,463,322	18.1	%	$	(539,746	)		(12.1	)%


By Business Segment ⁽²⁾
Regional Banking:
Central Ohio	$	3,570,157	13.6	%	$	3,682,544	13.9	%	$	3,150,394	12.8	%	$	419,763			13.3	%
Northern Ohio		2,619,465	10.0			2,656,635	10.1			2,522,854	10.2			96,611			3.8
Southern Ohio / Kentucky		2,196,779	8.4			2,185,979	8.3			2,037,190	8.3			159,589			7.8
Eastern Ohio		1,309,260	5.0			1,348,217	5.1			369,870	1.5			939,390			N.M.
West Michigan		2,421,117	9.2			2,443,495	9.3			2,363,162	9.6			57,955			2.5
East Michigan		1,636,901	6.3			1,609,932	6.1			1,573,413	6.4			63,488			4.0
West Virginia		1,107,222	4.2			1,086,757	4.1			970,953	3.9			136,269			14.0
Indiana		968,369	3.7			962,216	3.6			1,025,807	4.2			(57,438	)		(5.6	)
Mortgage and equipment leasing groups		3,571,054	13.7			3,611,416	13.6			3,493,460	14.1			77,594			2.2

Regional Banking		19,400,324	74.1			19,587,191	74.1			17,507,103	71.0			1,893,221			10.8
Dealer Sales⁽³⁾		4,937,095	18.9			5,011,186	19.0			5,429,998	22.0			(492,903	)		(9.1	)
Private Financial and Capital Markets Group		1,844,337	7.0			1,817,676	6.9			1,724,068	7.0			120,269			7.0
Treasury / Other		—	—			—	—			—	—			—			—

Total credit exposure	$	26,181,756	100.0	%	$	26,416,053	100.0	%	$	24,661,169	100.0	%	$	1,520,587			6.2	%


N.M., not a meaningful value.

⁽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 automobile operating lease inventory.

Huntington Bancshares Incorporated
Deposit Composition


													Change
	2006								2005				December ’06 vs ’05
(in thousands)	December 31,				September 30,				December 31,				Amount			Percent
	*(Unaudited)*				(Unaudited)
By Type
Demand deposits — non-interest bearing	$	3,615,745	14.4	%	$	3,480,888	14.1	%	$	3,390,044	15.1	%	$	225,701			6.7	%
Demand deposits — interest bearing		7,751,544	30.9			7,921,405	32.0			7,380,044	32.9			371,500			5.0
Savings and other domestic time deposits		2,986,287	11.9			3,011,268	12.2			3,094,136	13.8			(107,849	)		(3.5	)
Core certificates of deposit		5,364,610	21.4			5,313,473	21.5			3,988,474	17.8			1,376,136			34.5

Total core deposits		19,718,186	78.6			19,727,034	79.8			17,852,698	79.6			1,865,488			10.4
Other domestic time deposits of $100,000 or more		1,191,984	4.8			1,259,719	5.1			886,493	4.0			305,491			34.5
Brokered deposits and negotiable CDs		3,345,943	13.4			3,183,489	12.9			3,199,796	14.3			146,147			4.6
Deposits in foreign offices		791,657	3.2			568,153	2.2			470,688	2.1			320,969			68.2

Total deposits	$	25,047,770	100.0	%	$	24,738,395	100.0	%	$	22,409,675	100.0	%	$	2,638,095			11.8	%


Total core deposits:
Commercial	$	6,063,372	30.8	%	$	6,214,462	31.5	%	$	5,352,053	30.0	%	$	711,319			13.3	%
Personal		13,654,814	69.2			13,512,572	68.5			12,500,645	70.0			1,154,169			9.2

Total core deposits	$	19,718,186	100.0	%	$	19,727,034	100.0	%	$	17,852,698	100.0	%	$	1,865,488			10.4	%


By Business Segment ⁽¹⁾
Regional Banking:
Central Ohio	$	4,984,296	19.9	%	$	4,884,052	19.7	%	$	4,520,594	20.2	%	$	463,702			10.3	%
Northern Ohio		3,572,069	14.3			3,662,243	14.8			3,498,463	15.6			73,606			2.1
Southern Ohio / Kentucky		2,275,875	9.1			2,212,366	8.9			1,951,322	8.7			324,553			16.6
Eastern Ohio		1,716,499	6.9			1,738,913	7.0			577,912	2.6			1,138,587			N.M.
West Michigan		2,757,440	11.0			2,941,889	11.9			2,790,787	12.5			(33,347	)		(1.2	)
East Michigan		2,419,482	9.7			2,354,689	9.5			2,263,898	10.1			155,584			6.9
West Virginia		1,513,768	6.0			1,513,206	6.1			1,463,592	6.5			50,176			3.4
Indiana		819,278	3.3			847,824	3.4			728,193	3.2			91,085			12.5
Mortgage and equipment leasing groups		171,900	0.7			146,075	0.6			161,866	0.7			10,034			6.2

Regional Banking		20,230,607	80.8			20,301,257	82.1			17,956,627	80.1			2,273,980			12.7
Dealer Sales		58,885	0.2			58,918	0.2			65,237	0.3			(6,352	)		(9.7	)
Private Financial and Capital Markets Group		1,162,335	4.6			1,144,731	4.6			1,179,915	5.3			(17,580	)		(1.5	)
Treasury / Other⁽²⁾		3,595,943	14.4			3,233,489	13.1			3,207,896	14.3			388,047			12.1

Total deposits	$	25,047,770	100.0	%	$	24,738,395	100.0	%	$	22,409,675	100.0	%	$	2,638,095			11.8	%


N.M., not a meaningful value.

⁽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	2006												2005			4Q06 vs 4Q05
(in millions)	Fourth			Third			Second			First			Fourth			Amount			Percent
Assets
Interest bearing deposits in banks	$	77		$	75		$	36		$	24		$	51		$	26			51.0	%
Trading account securities		116			96			100			66			119			(3	)		(2.5	)
Federal funds sold and securities purchased under resale agreements		531			266			285			201			103			428			N.M.
Loans held for sale		265			275			287			274			361			(96	)		(26.6	)
Investment securities:
Taxable		3,792			4,364			4,494			4,138			3,802			(10	)		(0.3	)
Tax-exempt		594			581			556			548			540			54			10.0

Total investment securities		4,386			4,945			5,050			4,686			4,342			44			1.0
Loans and leases:⁽¹⁾
Commercial:⁽²⁾
Middle market commercial and industrial		5,831			5,591			5,458			5,132			4,946			885			17.9
Middle market commercial real estate:
Construction		1,077			1,122			1,243			1,454			1,675			(598)			(35.7	)
Commercial		2,861			2,795			2,799			2,423			1,923			938			48.8

Middle market commercial real estate		3,938			3,917			4,042			3,877			3,598			340			9.4
Small business		2,543			2,531			2,456			2,121			2,230			313			14.0

Total commercial		12,312			12,039			11,956			11,130			10,774			1,538			14.3

Consumer:
Automobile loans		2,111			2,079			2,044			1,994			2,018			93			4.6
Automobile leases		1,838			1,976			2,095			2,221			2,337			(499)			(21.4	)

Automobile loans and leases		3,949			4,055			4,139			4,215			4,355			(406	)		(9.3	)
Home equity		4,973			5,041			5,029			4,833			4,781			192			4.0
Residential mortgage		4,635			4,748			4,629			4,306			4,165			470			11.3
Other loans		430			430			448			447			393			37			9.4

Total consumer		13,987			14,274			14,245			13,801			13,694			293			2.1

Total loans and leases		26,299			26,313			26,201			24,931			24,468			1,831			7.5
Allowance for loan and lease losses		(282	)		(291	)		(293	)		(283	)		(262	)		(20	)		(7.6	)

Net loans and leases		26,017			26,022			25,908			24,648			24,206			1,811			7.5

Total earning assets		31,674			31,970			31,959			30,182			29,444			2,230			7.6

Automobile operating lease assets		40			68			105			159			216			(176	)		(81.5	)
Cash and due from banks		830			823			832			813			742			88			11.9
Intangible assets		631			634			638			362			218			413			N.M.
All other assets		2,577			2,565			2,449			2,256			2,256			321			14.2

Total Assets	$	35,470		$	35,769		$	35,690		$	33,489		$	32,614		$	2,856			8.8	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,580		$	3,509		$	3,594		$	3,436		$	3,444		$	136			3.9	%
Demand deposits — interest bearing		7,767			7,858			7,778			7,562			7,496			271			3.6
Savings and other domestic time deposits		2,849			2,923			3,106			3,095			2,984			(135	)		(4.5	)
Core certificates of deposit		5,380			5,334			5,083			4,389			3,891			1,489			38.3

Total core deposits		19,576			19,624			19,561			18,482			17,815			1,761			9.9
Other domestic time deposits of $100,000 or more		1,282			1,141			1,086			938			927			355			38.3
Brokered deposits and negotiable CDs		3,252			3,307			3,263			3,143			3,210			42			1.3
Deposits in foreign offices		598			521			474			465			490			108			22.0

Total deposits		24,708			24,593			24,384			23,028			22,442			2,266			10.1
Short-term borrowings		1,832			1,660			2,042			1,669			1,472			360			24.5
Federal Home Loan Bank advances		1,121			1,349			1,557			1,453			1,156			(35	)		(3.0	)
Subordinated notes and other long-term debt		3,583			3,921			3,428			3,346			3,687			(104	)		(2.8	)

Total interest bearing liabilities		27,664			28,014			27,817			26,060			25,313			2,351			9.3

All other liabilities		1,142			1,276			1,284			1,264			1,283			(141	)		(11.0	)
Shareholders’ equity		3,084			2,970			2,995			2,729			2,574			510			19.8

Total Liabilities and Shareholders’ Equity	$	35,470		$	35,769		$	35,690		$	33,489		$	32,614		$	2,856			8.8	%


⁽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 were subject to reclassification when these loans were 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⁾	Fourth			Third			Second			First			Fourth

Assets
Interest bearing deposits in banks		5.50	%		5.23	%		7.05	%		7.89	%		3.20	%
Trading account securities		4.10			4.32			4.51			2.94			4.53
Federal funds sold and securities purchased under resale agreements		5.35			5.13			4.75			4.30			3.78
Loans held for sale		6.01			6.24			6.23			5.92			5.68
Investment securities:
Taxable		6.05			5.49			5.34			5.04			4.70
Tax-exempt		6.68			6.80			6.83			6.71			6.77

Total investment securities		6.13			5.64			5.51			5.23			4.96
Loans and leases:⁽³⁾
Commercial:
Middle market commercial and industrial		7.50			7.35			7.26			6.80			6.28
Middle market commercial real estate:
Construction		8.44			8.48			8.01			7.55			7.27
Commercial		7.57			7.87			7.26			6.78			6.46

Middle market commercial real estate		7.81			8.05			7.49			7.07			6.84
Small business		7.30			7.27			7.10			6.67			6.43

Total commercial		7.56			7.56			7.30			6.87			6.50

Consumer:
Automobile loans		6.75			6.62			6.48			6.40			6.26
Automobile leases		5.21			5.10			5.01			4.97			4.98

Automobile loans and leases		6.03			5.88			5.74			5.65			5.57
Home equity		7.75			7.62			7.46			6.88			6.82
Residential mortgage		5.55			5.46			5.39			5.34			5.31
Other loans		9.28			9.41			9.21			8.38			8.13

Total consumer		6.58			6.46			6.35			6.08			6.00

Total loans and leases		7.04			6.96			6.79			6.43			6.22

Total earning assets		6.86	%		6.73	%		6.55	%		6.21	%		6.01	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		2.97			2.92			2.62			2.44			2.12
Savings and other domestic time deposits		1.90			1.75			1.59			1.49			1.44
Core certificates of deposit		4.58			4.40			4.10			3.84			3.70

Total core deposits		3.32			3.20			2.89			2.65			2.41
Other domestic time deposits of $100,000 or more		5.29			5.18			4.83			4.55			3.98
Brokered deposits and negotiable CDs		5.53			5.50			5.12			4.69			4.20
Deposits in foreign offices		3.18			3.12			2.68			2.62			2.66

Total deposits		3.78			3.66			3.34			3.07			2.79
Short-term borrowings		4.21			4.10			4.12			3.57			3.11
Federal Home Loan Bank advances		4.50			4.51			4.34			3.99			3.37
Subordinated notes and other long-term debt		5.96			5.75			5.67			5.22			4.72

Total interest bearing liabilities		4.12	%		4.02	%		3.74	%		3.43	%		3.12	%


Net interest rate spread		2.74	%		2.71	%		2.81	%		2.78	%		2.89	%
Impact of non-interest bearing funds on margin		0.54			0.51			0.53			0.54			0.45

Net interest margin		3.28	%		3.22	%		3.34	%		3.32	%		3.34	%


⁽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				4Q06 vs 4Q05
(in millions)	Fourth		Third		Second		First		Fourth		Amount			Percent

Loans and direct financing leases ⁽¹⁾
Regional Banking:
Central Ohio	$	3,641	$	3,646	$	3,579	$	3,191	$	3,228	$	413			12.8	%
Northern Ohio		2,648		2,666		2,615		2,520		2,546		102			4.0
Southern Ohio / Kentucky		2,176		2,196		2,193		2,092		2,064		112			5.4
Eastern Ohio		1,325		1,397		1,487		872		372		953			N.M.
West Michigan		2,439		2,408		2,386		2,362		2,382		57			2.4
East Michigan		1,617		1,592		1,565		1,551		1,536		81			5.3
West Virginia		1,098		1,068		1,013		966		963		135			14.0
Indiana		996		950		977		1,018		972		24			2.5
Mortgage and equipment leasing groups		3,595		3,598		3,495		3,458		3,461		134			3.9

Regional Banking		19,535		19,521		19,310		18,030		17,524		2,011			11.5
Dealer Sales		4,915		4,972		5,134		5,183		5,225		(310	)		(5.9	)
Private Financial and Capital Markets Group		1,849		1,820		1,757		1,718		1,719		130			7.6
Treasury / Other		—		—		—		—		—		—			—

Total loans and direct financing leases	$	26,299	$	26,313	$	26,201	$	24,931	$	24,468	$	1,831			7.5	%


Deposit composition ⁽¹⁾
Regional Banking:
Central Ohio	$	4,804	$	4,778	$	4,810	$	4,602	$	4,498	$	306			6.8	%
Northern Ohio		3,597		3,619		3,539		3,603		3,546		51			1.4
Southern Ohio / Kentucky		2,229		2,193		2,244		2,058		1,938		291			15.0
Eastern Ohio		1,733		1,750		1,758		989		585		1,148			N.M.
West Michigan		2,819		2,901		2,805		2,791		2,774		45			1.6
East Michigan		2,370		2,311		2,253		2,255		2,287		83			3.6
West Virginia		1,519		1,498		1,497		1,471		1,428		91			6.4
Indiana		922		825		822		746		743		179			24.1
Mortgage and equipment leasing groups		195		183		189		162		202		(7	)		(3.5	)

Regional Banking		20,188		20,058		19,917		18,677		18,001		2,187			12.1
Dealer Sales		56		58		56		58		63		(7	)		(11.1	)
Private Financial and Capital Markets Group		1,170		1,142		1,144		1,150		1,161		9			0.8
Treasury / Other		3,294		3,335		3,267		3,143		3,217		77			2.4

Total deposits	$	24,708	$	24,593	$	24,384	$	23,028	$	22,442	$	2,266			10.1	%


⁽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)


	2006												2005			4Q06 vs 4Q05
(in thousands, except per share amounts)	Fourth			Third			Second			First			Fourth			Amount			Percent

Interest income	$	544,841		$	538,988		$	521,903		$	464,787		$	442,476		$	102,365			23.1	%
Interest expense		286,852			283,675			259,708			221,107			198,800			88,052			44.3

Net interest income		257,989			255,313			262,195			243,680			243,676			14,313			5.9
Provision for credit losses		15,744			14,162			15,745			19,540			30,831			(15,087	)		(48.9	)

Net interest income after provision for credit losses		242,245			241,151			246,450			224,140			212,845			29,400			13.8

Service charges on deposit accounts		48,548			48,718			47,225			41,222			42,083			6,465			15.4
Trust services		23,511			22,490			22,676			21,278			20,425			3,086			15.1
Brokerage and insurance income		14,600			14,697			14,345			15,193			13,101			1,499			11.4
Other service charges and fees		13,784			12,989			13,072			11,509			11,488			2,296			20.0
Bank owned life insurance income		10,804			12,125			10,604			10,242			10,389			415			4.0
Mortgage banking income		6,169			8,512			13,616			13,194			8,818			(2,649	)		(30.0	)
Gains on sales of automobile loans		1,252			863			532			448			455			797			N.M.
Securities (losses) gains⁽¹⁾		(15,804	)		(57,332	)		(35	)		(20	)		(8,770	)		(7,034	)		80.2
Other income		32,398			26,268			28,841			29,420			26,799			5,599			20.9

Sub-total before operating lease income		135,262			89,330			150,876			142,486			124,788			10,474			8.4
Automobile operating lease income		5,344			8,580			12,143			17,048			22,534			(17,190	)		(76.3	)

Total non-interest income		140,606			97,910			163,019			159,534			147,322			(6,716	)		(4.6	)

Personnel costs		137,944			133,823			137,904			131,557			116,111			21,833			18.8
Outside data processing and other services		20,695			18,664			19,569			19,851			19,693			1,002			5.1
Net occupancy		17,279			18,109			17,927			17,966			17,940			(661	)		(3.7	)
Equipment		18,151			17,249			18,009			16,503			16,093			2,058			12.8
Marketing		6,207			7,846			10,374			7,301			7,145			(938	)		(13.1	)
Professional services		8,958			6,438			6,292			5,365			7,440			1,518			20.4
Telecommunications		4,619			4,818			4,990			4,825			4,453			166			3.7
Printing and supplies		3,610			3,416			3,764			3,074			3,084			526			17.1
Amortization of intangibles		2,993			2,902			2,992			1,075			218			2,775			N.M.
Other expense		43,365			23,177			21,880			18,227			20,995			22,370			N.M.

Sub-total before operating lease expense		263,821			236,442			243,701			225,744			213,172			50,649			23.8
Automobile operating lease expense		3,969			5,988			8,658			12,671			17,183			(13,214	)		(76.9	)

Total non-interest expense		267,790			242,430			252,359			238,415			230,355			37,435			16.3

Income before income taxes		115,061			96,631			157,110			145,259			129,812			(14,751	)		(11.4	)
Provision (benefit) for income taxes ⁽²⁾		27,346			(60,815	)		45,506			40,803			29,239			(1,893	)		(6.5	)

Net income	$	87,715		$	157,446		$	111,604		$	104,456		$	100,573		$	(12,858	)		(12.8)	%


Average common shares — diluted		239,881			240,896			244,538			234,363			229,718			10,163			4.4	%

Per common share
Net income — diluted	$	0.37		$	0.65		$	0.46		$	0.45		$	0.44		$	(0.07	)		(15.9	)
Cash dividends declared		0.250			0.250			0.250			0.250			0.215			0.035			16.3

Return on average total assets		0.98	%		1.75	%		1.25	%		1.26	%		1.22			(0.24)	%		(19.7	)
Return on average total shareholders’ equity		11.3			21.0			14.9			15.5			15.5			(4.2	)		(27.1	)
Net interest margin ⁽³⁾		3.28			3.22			3.34			3.32			3.34			(0.06	)		(1.8	)
Efficiency ratio ⁽⁴⁾		63.3			57.8			58.1			58.3			57.0			6.3			11.1
Effective tax rate		23.8			(62.9	)		29.0			28.1			22.5			1.3			5.8

Revenue — fully taxable equivalent (FTE)
Net interest income	$	257,989		$	255,313		$	262,195		$	243,680		$	243,676		$	14,313			5.9
FTE adjustment		4,115			4,090			3,984			3,836			3,837			278			7.2

Net interest income⁽³⁾		262,104			259,403			266,179			247,516			247,513			14,591			5.9
Non-interest income		140,606			97,910			163,019			159,534			147,322			(6,716	)		(4.6	)

Total revenue⁽³⁾	$	402,710		$	357,313		$	429,198		$	407,050		$	394,835		$	7,875			2.0	%


N.M., not a meaningful value.

⁽¹⁾		Includes $57.5 million of securities impairment losses as of September 30, 2006.

⁽²⁾		Includes an $84.5 million benefit at September 30, 2006, reflecting the resolution of a federal income tax audit of tax years 2002 and 2003.

⁽³⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾		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			4Q06 vs 4Q05
(in thousands)	Fourth			Third			Second			First			Fourth			Amount			Percent

Mortgage Banking Income
Origination fees	$	1,830		$	2,036		$	2,177		$	1,977		$	1,979		$	(149	)		(7.5)	%
Secondary marketing		2,227			1,034			4,914			2,022			3,346			(1,119	)		(33.4	)
Servicing fees		6,662			6,077			5,995			5,925			5,791			871			15.0
Amortization of capitalized servicing⁽¹⁾		(3,835	)		(4,484	)		(3,293	)		(3,532	)		(3,785	)		(50	)		(1.3	)
Other mortgage banking income		1,778			3,887			2,281			2,227			3,193			(1,415	)		(44.3	)

Sub-total		8,662			8,550			12,074			8,619			10,524			(1,862	)		(17.7	)
MSR valuation adjustment ^{(1), (2)}		(1,907	)		(10,716	)		8,281			9,213			385			(2,292	)		N.M.
Net trading (losses) gains related to MSR hedging		(586	)		10,678			(6,739	)		(4,638	)		(2,091	)		1,505			(72.0	)

Total mortgage banking income (loss)	$	6,169		$	8,512		$	13,616		$	13,194		$	8,818		$	(2,649	)		(30.0)	%


Capitalized mortgage servicing rights⁽³⁾	$	131,104		$	129,317		$	136,244		$	123,257		$	91,259		$	39,845			43.7	%
MSR allowance⁽³⁾		—			—			—			—			(404	)		404			N.M.
Total mortgages serviced for others⁽³⁾		8,252,000			7,994,000			7,725,000			7,585,000			7,276,000			976,000			13.4
MSR % of investor servicing portfolio		1.59	%		1.62	%		1.76	%		1.63	%		1.25	%		0.34	%		27.2


N.M., not a meaningful value.

⁽¹⁾		The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

⁽²⁾		The first quarter of 2006 and subsequent quarters reflect the adoption of SFAS 156, under which MSRs are recorded and accounted for at fair value. Prior periods reflect temporary impairment or recovery, based on accounting for MSRs at the lower of cost or market.

⁽³⁾		At period end.

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)


	2006												2005
(in thousands)	Fourth			Third			Second			First			Fourth

Allowance for loan and lease losses, beginning of period	$	280,152		$	287,517		$	283,839		$	268,347		$	253,943

Acquired allowance for loan and lease losses		—			100	⁽¹⁾		1,498	⁽¹⁾		22,187			—
Loan and lease losses		(32,835	)		(29,127	)		(24,325	)		(33,405	)		(27,072	)
Recoveries of loans previously charged off		9,866			7,888			10,373			9,189			9,504

Net loan and lease losses		(22,969	)		(21,239	)		(13,952	)		(24,216	)		(17,568	)

Provision for loan and lease losses		14,885			13,774			16,132			17,521			31,972

Allowance for loan and lease losses, end of period	$	272,068		$	280,152		$	287,517		$	283,839		$	268,347


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	39,302		$	38,914		$	39,301		$	36,957		$	38,098

Acquired AULC		—			—			—			325			—
Provision for unfunded loan commitments and letters of credit losses		859			388			(387	)		2,019			(1,141	)

Allowance for unfunded loan commitments and letters of credit, end of period	$	40,161		$	39,302		$	38,914		$	39,301		$	36,957


Total allowances for credit losses	$	312,229		$	319,454		$	326,431		$	323,140		$	305,304


Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.86	%		0.86	%		0.89	%		0.88	%		0.89	%
Economic reserve		0.18			0.20			0.20			0.21			0.21

Total loans and leases		1.04	%		1.06	%		1.09	%		1.09	%		1.10	%

Non-performing loans and leases (NPLs)		181			217			213			209			263
Non-performing assets (NPAs)		136			164			168			183			229

Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.19	%		1.21	%		1.24	%		1.24	%		1.25	%
Non-performing loans and leases		208			247			241			238			300
Non-performing assets		156			187			191			209			261


⁽¹⁾		Represents an adjustment of the allowance and corresponding adjustment to loan balances resulting from the Unizan merger.

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


	2006												2005
(in thousands)	Fourth			Third			Second			First			Fourth

Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	(1,827	)	$	1,742		$	(484	)	$	6,887		$	(744	)
Middle market commercial real estate:
Construction		3,957			(2	)		(161	)		(241	)		(175	)
Commercial		144			644			1,557			210			14

Middle market commercial real estate		4,101			642			1,396			(31	)		(161	)
Small business		4,535			4,451			2,530			3,709			4,465

Total commercial		6,809			6,835			3,442			10,565			3,560

Consumer:
Automobile loans		2,422			1,759			1,172			2,977			3,213
Automobile leases		2,866			2,306			1,758			3,515			3,422

Automobile loans and leases		5,288			4,065			2,930			6,492			6,635
Home equity		5,820			6,734			4,776			4,524			4,498
Residential mortgage		2,226			876			688			715			941
Other loans		2,826			2,729			2,116			1,920			1,934

Total consumer		16,160			14,404			10,510			13,651			14,008


Total net charge-offs	$	22,969		$	21,239		$	13,952		$	24,216		$	17,568


Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		(0.13)	%		0.12	%		(0.04)	%		0.54	%		(0.06)	%
Middle market commercial real estate:
Construction		1.47			—			(0.05	)		(0.07	)		(0.04	)
Commercial		0.02			0.09			0.22			0.03			—

Middle market commercial real estate		0.42			0.07			0.14			—			(0.02	)
Small business		0.71			0.70			0.41			0.70			0.80

Total commercial		0.22			0.23			0.12			0.38			0.13

Consumer:
Automobile loans		0.46			0.34			0.23			0.60			0.64
Automobile leases		0.62			0.47			0.34			0.63			0.59

Automobile loans and leases		0.54			0.40			0.28			0.62			0.61
Home equity		0.47			0.53			0.38			0.37			0.38
Residential mortgage		0.19			0.07			0.06			0.07			0.09
Other loans		2.63			2.54			1.89			1.72			1.97

Total consumer		0.46			0.40			0.30			0.40			0.41


Net charge-offs as a % of average loans		0.35	%		0.32	%		0.21	%		0.39	%		0.29	%

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


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

Non-accrual loans and leases:
Middle market commercial and industrial	$	35,657		$	37,082		$	45,713		$	45,723		$	28,888
Middle market commercial real estate		34,831			27,538			24,970			18,243			15,763
Small business		25,852			21,356			27,328			28,389			28,931
Residential mortgage		38,489			30,289			22,786			29,376			17,613
Home equity		15,266			13,047			14,466			13,778			10,720

Total non-performing loans and leases		150,095			129,312			135,263			135,509			101,915

Other real estate, net:
Residential		47,898			40,615			34,743			17,481			14,214
Commercial		1,589			1,285			1,062			1,903			1,026

Total other real estate, net		49,487			41,900			35,805			19,384			15,240


Total non-performing assets	$	199,582		$	171,212		$	171,068		$	154,893		$	117,155


Non-performing assets guaranteed by the U.S. government⁽¹⁾	$	33,858		$	33,676		$	30,710		$	18,256		$	7,324

Non-performing loans and leases as a % of total loans and leases		0.57	%		0.49	%		0.51	%		0.52	%		0.42	%

Non-performing assets as a % of total loans and leases and other real estate		0.76			0.65			0.65			0.59			0.48

Accruing loans and leases past due 90 days or more⁽¹⁾	$	59,114		$	62,054		$	48,829		$	52,297		$	56,138

Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.23	%		0.24	%		0.19	%		0.20	%		0.23	%


	2006												2005
(in thousands)	Fourth			Third			Second			First			Fourth

Non-performing assets, beginning of period	$	171,212		$	171,068		$	154,893		$	117,155		$	101,800
New non-performing assets⁽¹⁾		66,249			55,490			52,498			53,768			52,553
Acquired non-performing assets		—			—			—			33,843			—
Returns to accruing status		(5,666	)		(11,880	)		(12,143	)		(14,310	)		(3,228	)
Loan and lease losses		(11,908	)		(14,143	)		(6,826	)		(13,314	)		(9,063	)
Payments		(16,673	)		(16,709	)		(12,892	)		(13,195	)		(21,329	)
Sales		(3,632	)		(12,614	)		(4,462	)		(9,054	)		(3,578	)


Non-performing assets, end of period	$	199,582		$	171,212		$	171,068		$	154,893		$	117,155


⁽¹⁾		Beginning in the second quarter of 2006, OREO includes balances of foreclosures on loans serviced for GNMA, which are fully guaranteed by the US Government, that were reported in 90 day past due loans and leases in prior periods.

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

Quarterly common stock summary


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

Common stock price, per share
High ⁽¹⁾	$	24.970		$	24.820		$	24.410		$	24.750		$	24.640
Low⁽¹⁾		22.870			23.000			23.120			22.560			20.970
Close		23.750			23.930			23.580			24.130			23.750
Average closing price		24.315			23.942			23.732			23.649			23.369

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

Common shares outstanding
Average — basic		236,426			237,672			241,729			230,968			226,699
Average — diluted		239,881			240,896			244,538			234,363			229,718
Ending		235,474			237,921			237,361			245,183			224,106

Book value per share	$	12.80		$	13.15		$	12.38		$	12.56		$	11.41
Tangible book value per share		10.12			10.50			9.70			9.95			10.44

Common share repurchases
Number of shares repurchased		3,050			—			8,100			4,831			5,175

Capital adequacy

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

Total risk-weighted assets⁽²⁾	$	31,332		$	31,330		$	31,614		$	31,298		$	29,599

Tier 1 leverage ratio⁽²⁾		8.00	%		7.99	%		7.62	%		8.53	%		8.34	%
Tier 1 risk-based capital ratio⁽²⁾		8.89			8.95			8.45			8.94			9.13
Total risk-based capital ratio⁽²⁾		12.73			12.81			12.29			12.91			12.42

Tangible equity / asset ratio		6.87			7.13			6.46			6.97			7.19
Tangible equity / risk-weighted assets ratio⁽²⁾		7.61			7.97			7.29			7.80			7.91
Average equity / average assets		8.70			8.30			8.39			8.15			7.89

Other data
Number of employees (full-time equivalent)		8,081			8,077			8,075			8,078			7,602
Number of domestic full-service banking offices⁽³⁾		381			381			379			385			344


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

⁽²⁾		December 31, 2006 figures are estimated. The adoption of FAS 158 did not impact regulatory capital ratios at December 31, 2006.

⁽³⁾		Includes Private Financial Group offices in Florida.

Huntington Bancshares Incorporated
Quarterly Automobile Operating Lease Performance
(Unaudited)


	2006								2005		4Q06 vs 4Q05
(in thousands)	Fourth		Third		Second		First		Fourth		Amount			Percent

Balance Sheet:
Average automobile operating lease assets outstanding	$	40,145	$	68,223	$	104,585	$	159,073	$	215,976	$	(175,831	)		(81.4	)%


Income Statement:
Net rental income	$	4,403	$	7,258	$	10,678	$	15,173	$	19,866	$	(15,463	)		(77.8	)%
Fees		219		401		669		732		1,482		(1,263	)		(85.2	)
Recoveries — early terminations		722		921		796		1,143		1,186		(464	)		(39.1	)

Total automobile operating lease income		5,344		8,580		12,143		17,048		22,534		(17,190	)		(76.3	)


Depreciation and residual losses at termination		3,513		5,494		8,083		11,501		15,680		(12,167	)		(77.6	)
Losses — early terminations		456		494		575		1,170		1,503		(1,047	)		(69.7	)

Total automobile operating lease expense		3,969		5,988		8,658		12,671		17,183		(13,214	)		(76.9	)

Net earnings contribution	$	1,375	$	2,592	$	3,485	$	4,377	$	5,351	$	(3,976	)		(74.3	)%

Definition of term(s):

Net rental income includes the lease payments earned on the 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 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 vehicles where the lessee has defaulted on the operating lease.

Huntington Bancshares Incorporated
Consolidated Annual Average Balance Sheets
(Unaudited)


	Annual Average Balances
Fully taxable equivalent basis				Change from 2005									Change from 2004
(in millions)	2006			Amount			%			2005			Amount			%			2004			2003			2002

Assets
Interest bearing deposits in banks	$	53		$	—			—	%	$	53		$	(13	)		(19.7	)%	$	66		$	37		$	33
Trading account securities		92			(115	)		(55.6	)		207			102			97.1			105			14			7
Federal funds sold and securities purchased under resale agreements		321			59			22.5			262			(57	)		(17.9	)		319			87			72
Loans held for sale		275			(43	)		(13.5	)		318			75			30.9			243			564			322
Investment securities:
Taxable		4,197			514			14.0			3,683			(742	)		(16.8	)		4,425			3,533			2,859
Tax-exempt		570			95			20.0			475			63			15.3			412			334			135

Total investment securities		4,767			609			14.6			4,158			(679	)		(14.0	)		4,837			3,867			2,994
Loans and leases:^{(1) (2)}
Commercial:
Middle market commercial and industrial		5,501			684			14.2			4,817			361			8.1			4,456			4,633			4,810
Middle market commercial real estate:
Construction		1,223			(455	)		(27.1	)		1,678			258			18.2			1,420			1,219			1,151
Commercial		2,727			819			42.9			1,908			(14	)		(0.7	)		1,922			1,800			1,670

Middle market commercial real estate		3,950			364			10.2			3,586			244			7.3			3,342			3,019			2,821
Small business		2,414			190			8.5			2,224			221			11.0			2,003			1,787			1,642

Total commercial		11,865			1,238			11.7			10,627			826			8.4			9,801			9,439			9,273

Consumer:
Automobile loans		2,057			14			0.7			2,043			(242	)		(10.6	)		2,285			3,260			2,744
Automobile leases		2,031			(391	)		(16.1	)		2,422			230			10.5			2,192			1,423			452

Automobile loans and leases		4,088			(377	)		(8.4	)		4,465			(12	)		(0.3	)		4,477			4,683			3,196
Home equity		4,970			218			4.6			4,752			508			12.0			4,244			3,400			2,976
Residential mortgage		4,581			500			12.3			4,081			869			27.1			3,212			2,076			1,438
Other loans		439			54			14.0			385			(8	)		(2.0	)		393			426			534

Total consumer		14,078			395			2.9			13,683			1,357			11.0			12,326			10,585			8,144

Total loans and leases		25,943			1,633			6.7			24,310			2,183			9.9			22,127			20,024			17,417
Allowance for loan and lease losses		(287	)		(19	)		(7.1	)		(268	)		30			10.1			(298	)		(330	)		(344	)

Net loans and leases		25,656			1,614			6.7			24,042			2,213			10.1			21,829			19,694			17,073

Total earning assets		31,451			2,143			7.3			29,308			1,611			5.8			27,697			24,593			20,845

Automobile operating lease assets		93			(258	)		(73.5	)		351			(540	)		(60.6	)		891			1,697			2,602
Cash and due from banks		825			(20	)		(2.4	)		845			2			0.2			843			774			744
Intangible assets		567			349			N.M.			218			2			0.9			216			218			293
All other assets		2,463			278			12.7			2,185			101			4.8			2,084			2,020			1,923

Total Assets	$	35,112		$	2,473			7.6	%	$	32,639		$	1,206			3.8	%	$	31,433		$	28,972		$	26,063


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,530		$	151			4.5	%	$	3,379		$	149			4.6	%	$	3,230		$	3,080		$	2,902
Demand deposits — interest bearing		7,742			84			1.1			7,658			451			6.3			7,207			6,193			5,161
Savings and other domestic time deposits		2,992			(163	)		(5.2	)		3,155			(275	)		(8.0	)		3,431			3,462			3,583
Core certificates of deposit		5,050			1,716			51.5			3,334			644			23.9			2,689			3,115			4,175

Total core deposits		19,314			1,788			10.2			17,526			969			5.9			16,557			15,850			15,821
Other domestic time deposits of $100,000 or more		1,113			203			22.3			910			317			53.5			593			389			295
Brokered deposits and negotiable CDs		3,242			123			3.9			3,119			1,282			69.8			1,837			1,419			731
Deposits in foreign offices		515			58			12.7			457			(51	)		(10.0	)		508			500			337

Total deposits		24,184			2,172			9.9			22,012			2,517			12.9			19,495			18,158			17,184
Short-term borrowings		1,800			421			30.5			1,379			(31	)		(2.2	)		1,410			1,600			1,856
Federal Home Loan Bank advances		1,369			264			23.9			1,105			(166	)		(13.1	)		1,271			1,258			279
Subordinated notes and other long-term debt		3,574			(490	)		(12.1	)		4,064			(1,315	)		(24.4	)		5,379			4,559			3,335

Total interest bearing liabilities		27,397			2,216			8.8			25,181			856			3.5			24,325			22,495			19,752

All other liabilities		1,239			(257	)		(17.2	)		1,496			(8	)		(0.5	)		1,504			1,201			1,170
Shareholders’ equity		2,946			363			14.1			2,583			209			8.8			2,374			2,196			2,239

Total Liabilities and Shareholders’ Equity	$	35,112		$	2,473			7.6	%	$	32,639		$	1,206			3.8	%	$	31,433		$	28,972		$	26,063


N.M., not a meaningful value.

⁽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 were subject to reclassification when these loans were converted to Huntington’s loan systems.

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


	Annual Average Rates⁽²⁾
Fully Taxable Equivalent basis ⁽¹⁾	2006			2005			2004			2003			2002

Assets
Interest bearing deposits in banks		6.00	%		2.16	%		1.05	%		1.53	%		2.38	%
Trading account securities		4.19			4.08			4.15			4.02			4.11
Federal funds sold and securities purchased under resale agreements		5.00			2.27			1.73			1.80			1.56
Loans held for sale		6.10			5.64			5.35			5.32			6.35
Investment securities:
Taxable		5.47			4.31			3.88			4.52			6.05
Tax-exempt		6.75			6.71			6.98			7.04			7.47

Total investment securities		5.62			4.58			4.14			4.73			6.12
Loans and leases ⁽³⁾:
Commercial:
Middle market commercial and industrial		7.38			5.79			4.41			4.82			5.50
Middle market commercial real estate:
Construction		8.19			6.43			4.52			4.21			4.57
Commercial		7.41			5.93			4.58			4.97			5.76


Middle market commercial real estate		7.65			6.16			4.55			4.66			5.27
Small business		7.20			6.18			5.50			5.91			6.73


Total commercial		7.43			6.00			4.68			5.00			5.65


Consumer:
Automobile loans		6.57			6.52			7.22			7.43			8.67
Automobile leases		5.07			4.94			5.00			5.12			5.14


Automobile loans and leases		5.82			5.66			6.14			6.73			8.17
Home equity		7.44			6.07			4.92			4.89			5.59
Residential mortgage		5.44			5.22			5.07			5.40			6.35
Other loans		9.07			10.23			7.51			8.55			9.35


Total consumer		6.37			5.80			5.48			5.95			6.98


Total loans and leases		6.86			5.89			5.13			5.50			6.27


Total earning assets		6.63	%		5.65	%		4.89	%		5.35	%		6.23	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		2.74			1.77			1.03			1.18			1.71
Savings and other domestic time deposits		1.68			1.36			1.28			1.96			2.24
Core certificates of deposit		4.25			3.56			3.36			3.67			4.48


Total core deposits		3.02			2.10			1.56			2.00			2.76
Other domestic time deposits of $100,000 or more		4.99			3.39			1.90			1.17			2.50
Brokered deposits and negotiable CDs		5.22			3.51			1.80			1.70			2.36
Deposits in foreign offices		2.93			2.10			0.82			0.92			1.47


Total deposits		3.47			2.40			1.58			1.91			2.69
Short-term borrowings		4.01			2.49			0.93			0.98			1.56
Federal Home Loan Bank advances		4.38			3.13			2.62			1.94			2.00
Subordinated notes and other long-term debt		5.65			4.02			2.46			2.82			3.70


Total interest bearing liabilities		3.84			2.70			1.79			2.03			2.75

Net interest rate spread		2.79			2.95			3.10			3.32			3.48

Impact of non-interest bearing funds on margin		0.50			0.38			0.23			0.17			0.14


Net interest margin		3.29	%		3.33	%		3.33	%		3.49	%		3.62	%


N.M., not a meaningful value.

⁽¹⁾		Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 16 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 Annual Income Statement Data
(Unaudited)


	Year Ended December 31,
				Change from 2005									Change from 2004
(in thousands, except per share amounts)	2006			Amount			%			2005			Amount			%			2004			2003			2002
Interest income	$	2,070,519		$	428,754			26.1	%	$	1,641,765		$	294,450			21.9	%	$	1,347,315		$	1,305,756		$	1,293,195
Interest expense		1,051,342			371,988			54.8			679,354			243,413			55.8			435,941			456,770			543,621

Net interest income		1,019,177			56,766			5.9			962,411			51,037			5.6			911,374			848,986			749,574
Provision for credit losses		65,191			(16,108	)		(19.8	)		81,299			26,237			47.7			55,062			163,993			194,426

Net interest income after provision for credit losses		953,986			72,874			8.3			881,112			24,800			2.9			856,312			684,993			555,148

Service charges on deposit accounts		185,713			17,879			10.7			167,834			(3,281	)		(1.9	)		171,115			167,840			153,564
Trust services		89,955			12,550			16.2			77,405			9,995			14.8			67,410			61,649			62,051
Brokerage and insurance income		58,835			5,216			9.7			53,619			(1,180	)		(2.2	)		54,799			57,844			62,109
Other service charges and fees		51,354			7,006			15.8			44,348			2,774			6.7			41,574			41,446			42,888
Bank owned life insurance income		43,775			3,039			7.5			40,736			(1,561	)		(3.7	)		42,297			43,028			43,123
Mortgage banking income		41,491			13,158			46.4			28,333			1,547			5.8			26,786			58,180			32,751
Gains on sales of automobile loans		3,095			1,884			N.M.			1,211			(12,995	)		(91.5	)		14,206			40,039			—
Securities (losses) gains ⁽¹⁾		(73,191	)		(65,136	)		N.M.			(8,055	)		(23,818	)		N.M.			15,763			5,258			4,902
Gain on sale of branch offices		—			—			—			—			—			—			—			13,112			—
Gain on sale of Florida operations		—			—			—			—			—			—			—			—			182,470
Merchant services gain		—			—			—			—			—			—			—			—			24,550
Other income		116,927			23,091			24.6			93,836			(5,381	)		(5.4	)		99,217			91,059			76,222

Sub-total before operating lease income		517,954			18,687			3.7			499,267			(33,900	)		(6.4	)		533,167			579,455			684,630
Automobile operating lease income		43,115			(89,900	)		(67.6	)		133,015			(152,416	)		(53.4	)		285,431			489,698			657,074

Total non-interest income		561,069			(71,213	)		(11.3	)		632,282			(186,316	)		(22.8	)		818,598			1,069,153			1,341,704

Personnel costs		541,228			59,570			12.4			481,658			(4,148	)		(0.9	)		485,806			447,263			418,037
Outside data processing and other services		78,779			4,141			5.5			74,638			2,523			3.5			72,115			66,118			67,368
Net occupancy		71,281			189			0.3			71,092			(4,849	)		(6.4	)		75,941			62,481			59,539
Equipment		69,912			6,788			10.8			63,124			(218	)		(0.3	)		63,342			65,921			68,323
Marketing		31,728			5,449			20.7			26,279			1,679			6.8			24,600			25,648			26,655
Professional services		27,053			(7,516	)		(21.7	)		34,569			(2,307	)		(6.3	)		36,876			42,448			33,085
Telecommunications		19,252			604			3.2			18,648			(1,139	)		(5.8	)		19,787			21,979			22,661
Printing and supplies		13,864			1,291			10.3			12,573			110			0.9			12,463			13,009			15,198
Amortization of intangibles		9,962			9,133			N.M.			829			12			1.5			817			816			2,019
Restructuring reserve releases		—			—			—			—			1,151			N.M.			(1,151	)		(6,666	)		48,973
Loss on early extinguishment of debt		—			—			—			—			—			—			—			15,250			—
Other expense		106,649			24,089			29.2			82,560			(14,008	)		(14.5	)		96,568			82,622			93,319

Sub-total before operating lease expense		969,708			103,738			12.0			865,970			(21,194	)		(2.4	)		887,164			836,889			855,177
Automobile operating lease expense		31,286			(72,564	)		(69.9	)		103,850			(131,230	)		(55.8	)		235,080			393,270			518,970

Total non-interest expense		1,000,994			31,174			3.2			969,820			(152,424	)		(13.6	)		1,122,244			1,230,159			1,374,147

Income before income taxes		514,061			(29,513	)		(5.4	)		543,574			(9,092	)		(1.6	)		552,666			523,987			522,705
Provision for income taxes ⁽²⁾		52,840			(78,643	)		(59.8	)		131,483			(22,258	)		(14.5	)		153,741			138,294			198,974

Income before cumulative effect of change in accounting principle		461,221			49,130			11.9			412,091			13,166			3.3			398,925			385,693			323,731
Cumulative effect of change in accounting principle, net of tax		—			—			—			—			—			—			—			(13,330	)		—

Net income	$	461,221			49,130			11.9	%	$	412,091			13,166			3.3	%	$	398,925		$	372,363		$	323,731


Average common shares — diluted		239,920			6,445			2.8	%		233,475			(381	)		(0.2	)%		233,856			231,582			244,012

Per common share
Income before cumulative effect of change in September 30, 2006 figures are estimated	$	1.95		$	0.16			8.9	%	$	1.79		$	0.05			2.9	%	$	1.74		$	1.68		$	1.34
Net income per common share — basic		1.95			0.16			8.9			1.79			0.05			2.9			1.74			1.62			1.34
Income before cumulative effect of change in accounting principle per common share — diluted		1.92			0.15			8.5			1.77			0.06			3.5			1.71			1.67			1.33
Net income per common share — diluted		1.92			0.15			8.5			1.77			0.06			3.5			1.71			1.61			1.33
Cash dividends declared		1.000			0.155			18.3			0.845			0.095			12.7			0.750			0.670			0.640

Return on average total assets		1.31	%		0.05	%		3.97			1.26	%		(0.01	)%		(0.79	)		1.27	%		1.29	%		1.24	%
Return on average total shareholders’ equity		15.7			(0.3	)		(1.9	)		16.0			(0.8	)		(4.8	)		16.8			17.0			14.5
Net interest margin ⁽³⁾		3.29			(0.04	)		(1.2	)		3.33			—			—			3.33			3.49			3.62
Efficiency ratio ⁽⁴⁾		59.4			(0.6	)		(1.0	)		60.0			(5.0	)		(7.7	)		65.0			63.9			65.6
Effective tax rate		10.3			(13.9	)		(57.4	)		24.2			(3.60	)		(12.9	)		27.8			26.4			38.1	⁽⁵⁾

Revenue — fully taxable equivalent (FTE)
Net interest income	$	1,019,177		$	56,766			5.9	%	$	962,411		$	51,037			5.6	%	$	911,374		$	848,986		$	749,574
FTE adjustment		16,025			2,632			19.7			13,393			1,740			14.9			11,653			9,684			5,205

Net interest income ⁽³⁾		1,035,202			59,398			6.1			975,804			52,777			5.7			923,027			858,670			754,779
Non-interest income		561,069			(71,213	)		(11.3	)		632,282			(186,316	)		(22.8	)		818,598			1,069,153			1,341,704

Total revenue	$	1,596,271		$	(11,815	)		(0.7	)%	$	1,608,086		$	(133,539	)		(7.7	)%	$	1,741,625		$	1,927,823		$	2,096,483


N.M., not a meaningful value.

⁽¹⁾		Includes $57.5 million of securities impairment losses as of December 31, 2006.

⁽²⁾		Includes an $84.5 million benefit at December 31, 2006, reflecting the resolution of a federal income tax audit of tax years 2002 and 2003.

⁽³⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾		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
Annual Mortgage Banking Income and Net Impact of MSR Hedging
(Unaudited)


	Year Ended December 31,
(in thousands)	2006			2005			2004			2003			2002

Mortgage Banking Income
Origination fees	$	8,020		$	10,781		$	12,377		$	17,272		$	10,547
Secondary marketing		10,197			10,986			8,340			23,607			21,264
Servicing fees		24,659			22,181			21,696			16,906			11,430
Amortization of capitalized servicing⁽¹⁾		(15,144	)		(18,359	)		(19,019	)		(25,966	)		(12,051	)
Other mortgage banking income		10,173			11,750			7,524			11,404			14,956

Sub-total		37,905			37,339			30,918			43,223			46,146
MSR recovery / (impairment) ^{(1), (2)}		4,871			4,371			1,378			14,957			(14,113	)
Net trading (losses) gains related to MSR hedging		(1,285	)		(13,377	)		(5,510	)		—			718

Total mortgage banking income (loss)	$	41,491		$	28,333		$	26,786		$	58,180		$	32,751


Capitalized mortgage servicing rights⁽³⁾	$	131,104		$	91,259		$	77,107		$	71,087		$	29,271
MSR allowance⁽³⁾		—			(404	)		(4,775	)		(6,153	)		(21,110	)
Total mortgages serviced for others⁽³⁾		8,252,000			7,276,000			6,861,000			6,394,000			3,776,000
MSR % of investor servicing portfolio		1.59	%		1.25	%		1.12	%		1.11	%		0.78	%


N.M., not a meaningful value.

⁽¹⁾		The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

⁽²⁾		In 2006, Huntington adopted SFAS 156, under which MSRs were recorded and accounted for at fair value. Prior periods reflect temporary impairment or recovery, based on accounting for MSRs at the lower of cost or market.

⁽³⁾		At period end.

Huntington Bancshares Incorporated
Annual Credit Reserves Analysis
(Unaudited)


	Year Ended December 31,
(in thousands)	2006			2005			2004			2003			2002
Allowance for loan and lease losses, beginning of period	$	268,347		$	271,211		$	299,732		$	300,503		$	345,402

Acquired allowance for loan and lease losses		23,785			—			—			—			—
Loan and lease losses		(119,692	)		(115,848	)		(126,115	)		(201,534	)		(234,352	)
Recoveries of loans previously charged off		37,316			35,791			47,580			39,725			37,440

Net loan and lease losses		(82,376	)		(80,057	)		(78,535	)		(161,809	)		(196,912	)

Provision for loan and lease losses		62,312			83,782			57,397			164,616			182,211
Economic reserve transfer		—			(6,253	)		—			—			—
Allowance of assets sold and securitized		—			(336	)		(7,383	)		(3,578	)		(30,198	)

Allowance for loan and lease losses, end of period	$	272,068		$	268,347		$	271,211		$	299,732		$	300,503


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	36,957		$	33,187		$	35,522		$	36,145		$	23,930

Acquired AULC		325			—			—			—			—
Provision for unfunded loan commitments and letters of credit losses		2,879			(2,483	)		(2,335	)		(623	)		12,215
Economic reserve transfer		—			6,253			—			—			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	40,161		$	36,957		$	33,187		$	35,522		$	36,145


Total allowances for credit losses	$	312,229		$	305,304		$	304,398		$	335,254		$	336,648


Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.86	%		0.89	%		0.83	%		1.02	%		N.A.	%
Economic reserve		0.18			0.21			0.32			0.40			N.A.

Total loans and leases		1.04	%		1.10	%		1.15	%		1.42	%		1.62	%

Non-performing loans and leases (NPLs)		181			263			424			397			235
Non-performing assets (NPAs)		136			229			250			343			220

Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.19	%		1.25	%		1.29	%		1.59	%		1.81	%
Non-performing loans and leases		208			300			476			444			263
Non-performing assets		156			261			280			384			246

N.A., not applicable.

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


	Year Ended December 31,
(in thousands)	2006			2005			2004			2003			2002

Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	6,318		$	13,578		$	1,920		$	75,803		$	104,703
Middle market commercial real estate:
Construction		3,553			135			2,465			2,928			4,216
Commercial		2,555			3,910			5,506			5,019			11,968

Middle market commercial real estate		6,108			4,045			7,971			7,947			16,184
Small business		15,225			11,951			5,566			11,625			14,516

Total commercial		27,651			29,574			15,457			95,375			135,403

Consumer:
Automobile loans		8,330			11,988			28,574			40,266			39,115
Automobile leases		10,445			11,664			10,837			5,728			1,431

Automobile loans and leases		18,775			23,652			39,411			45,994			40,546
Home equity		21,854			17,619			15,074			12,114			11,840
Residential mortgage		4,505			2,332			1,760			832			872
Other loans		9,591			6,880			6,833			7,494			8,251

Total consumer		54,725			50,483			63,078			66,434			61,509


Total net charge-offs	$	82,376		$	80,057		$	78,535		$	161,809		$	196,912


Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		0.11	%		0.28	%		0.04	%		1.64	%		2.18	%
Middle market commercial real estate:
Construction		0.29			0.01			0.17			0.24			0.37
Commercial		0.09			0.20			0.29			0.28			0.72

Middle market commercial real estate		0.15			0.11			0.24			0.26			0.57
Small business		0.63			0.54			0.28			0.65			0.88

Total commercial		0.23			0.28			0.16			1.01			1.46

Consumer:
Automobile loans		0.40			0.59			1.25			1.24			1.43
Automobile leases		0.51			0.48			0.49			0.40			0.32

Automobile loans and leases		0.46			0.53			0.88			0.98			1.27
Home equity		0.44			0.37			0.36			0.35			0.40
Residential mortgage		0.10			0.06			0.05			0.04			0.06
Other loans		2.18			1.79			1.74			1.78			1.55

Total consumer		0.39			0.37			0.51			0.63			0.76


Net charge-offs as a % of average loans		0.32	%		0.33	%		0.35	%		0.81	%		1.13	%


N.M., not a meaningful value.

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


	December 31,
(in thousands)	2006			2005			2004			2003			2002

Non-accrual loans and leases:
Middle market commercial and industrial	$	35,657		$	28,888		$	24,179		$	33,745		$	79,691
Middle market commercial real estate		34,831			15,763			4,582			18,434			19,875
Small business		25,852			28,931			14,601			13,607			19,060
Residential mortgage		38,489			17,613			13,545			9,695			9,443
Home equity		15,266			10,720			7,055			—			—


Total non-performing loans and leases		150,095			101,915			63,962			75,481			128,069

Other real estate, net:
Residential		47,898			14,214			8,762			6,918			7,915
Commercial		1,589			1,026			35,844			4,987			739

Total other real estate, net		49,487			15,240			44,606			11,905			8,654


Total non-performing assets	$	199,582		$	117,155		$	108,568		$	87,386		$	136,723


Non-performing assets guaranteed by the U.S. government⁽¹⁾	$	33,858		$	7,324		$	3,550		$	2,295		$	1,291

Non-performing loans and leases as a % of total loans and leases		0.57	%		0.42	%		0.27	%		0.36	%		0.69	%

Non-performing assets as a % of total loans and leases and other real estate		0.76			0.48			0.46			0.41			0.74

Accruing loans and leases past due 90 days or more⁽¹⁾	$	59,114		$	56,138		$	54,283		$	55,913		$	61,526

Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.23	%		0.23	%		0.23	%		0.27	%		0.33	%


	December 31,
(in thousands)	2006			2005			2004			2003			2002

Non-performing assets, beginning of period	$	117,155		$	108,568		$	87,386		$	136,723		$	227,493
New non-performing assets⁽¹⁾		228,005			171,150			137,359			222,043			260,229
Acquired non-performing assets		33,843			—			—			—			—
Returns to accruing status		(43,999	)		(7,547	)		(3,795	)		(16,632	)		(17,124	)
Loan and lease losses		(46,191	)		(38,819	)		(37,337	)		(109,905	)		(152,616	)
Payments		(59,469	)		(64,861	)		(43,319	)		(83,886	)		(136,774	)
Sales		(29,762	)		(51,336	)		(31,726	)		(60,957	)		(44,485	)


Non-performing assets, end of period	$	199,582		$	117,155		$	108,568		$	87,386		$	136,723


⁽¹⁾		Beginning in 2006, OREO includes balances of foreclosures on loans serviced for GNMA, which are fully guaranteed by the US Government, that were reported in 90 day past due loans and leases in prior periods.

Huntington Bancshares Incorporated
Annual Automobile Operating Lease Performance
(Unaudited)


	At December 31,
(in thousands)	2006		2005		2004		2003		2002

Balance Sheet:
Average automobile operating lease assets outstanding	$	92,613	$	351,213	$	890,930	$	1,696,535	$	2,602,154


Income Statement:
Net rental income	$	37,512	$	121,101	$	265,542	$	458,644	$	615,453
Fees		2,021		6,531		13,457		21,623		28,542
Recoveries — early terminations		3,582		5,383		6,432		9,431		13,079

Total automobile operating lease income		43,115		133,015		285,431		489,698		657,074


Depreciation and residual losses at termination		28,591		94,816		215,047		350,550		463,783
Losses — early terminations		2,695		9,034		20,033		42,720		55,187

Total automobile operating lease expense		31,286		103,850		235,080		393,270		518,970

Net earnings contribution	$	11,829	$	29,165	$	50,351	$	96,428	$	138,104

Definition of terms: