EX-99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
March 2008

Table of Contents


Consolidated Balance Sheets			1

Loans and Leases Composition			2

Deposit Composition			3

Consolidated Quarterly Average Balance Sheets			4

Consolidated Quarterly Net Interest Margin Analysis			5

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

Selected Quarterly Income Statement Data			7

Quarterly Mortgage Banking Income			8

Quarterly Credit Reserves Analysis			9

Quarterly Net Charge-Off Analysis			10

Quarterly Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases			11

Quarterly Stock Summary, Capital, and Other Data			12

Notes:

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.

This document reflects the post-Sky merger organization structure effective on July 1, 2007. Accordingly, the balances presented include the impact of the acquisition from that date.

Beginning in the 2008 first quarter, IRA deposits greater than $100,000 are reflected in “Savings and other domestic time deposits”. Previously, these deposits were reflected in “Other domestic time deposits of $100,000 or more”. Prior period amounts have been reclassified to conform to the current period presentation.

Contents

Huntington Bancshares Incorporated

Consolidated Balance Sheets


										Change
	2008			2007						March ’08 vs ’07
(in thousands, except number of shares)	March 31,			December 31,			March 31,			Amount			Percent
	*(Unaudited)*						(Unaudited)
Assets
Cash and due from banks	$	1,242,422		$	1,416,597		$	867,256		$	375,166			43.3	%
Federal funds sold and securities purchased under resale agreements		1,038,820			592,649			701,951			336,869			48.0
Interest bearing deposits in banks		253,221			340,090			100,417			152,804			N.M.
Trading account securities		1,246,877			1,032,745			76,631			1,170,246			N.M.
Loans held for sale		632,266			494,379			277,538			354,728			N.M.
Investment securities		4,313,006			4,500,171			3,724,676			588,330			15.8
Loans and leases ⁽¹⁾		41,014,219			40,054,338			26,266,746			14,747,473			56.1
Allowance for loan and lease losses		(627,615	)		(578,442	)		(282,976	)		(344,639	)		N.M.

Net loans and leases		40,386,604			39,475,896			25,983,770			14,402,834			55.4

Bank owned life insurance		1,327,031			1,313,281			1,097,986			229,045			20.9
Premises and equipment		544,718			557,565			377,687			167,031			44.2
Goodwill		3,047,407			3,059,333			569,779			2,477,628			N.M.
Other intangible assets		409,055			427,970			57,165			351,890			N.M.
Accrued income and other assets		1,610,542			1,486,792			1,144,443			466,099			40.7

Total Assets	$	56,051,969		$	54,697,468		$	34,979,299		$	21,072,670			60.2	%


Liabilities and Shareholders’ Equity
Liabilities
Deposits ⁽²⁾	$	38,116,341		$	37,742,921		$	24,585,893		$	13,530,448			55.0	%
Short-term borrowings		3,336,738			2,843,638			1,577,732			1,759,006			N.M.
Federal Home Loan Bank advances		3,685,858			3,083,555			1,197,411			2,488,447			N.M.
Other long-term debt		1,907,881			1,937,078			2,173,818			(265,937	)		(12.2	)
Subordinated notes		1,928,518			1,934,276			1,280,870			647,648			50.6
Accrued expenses and other liabilities		1,170,054			1,206,860			1,112,215			57,839			5.2

Total Liabilities		50,145,390			48,748,328			31,927,939			18,217,451			57.1

Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding		—			—			—			—			—

Common stock —
No par value and authorized 500,000,000 shares; issued 236,301,562 shares; outstanding 235,713,500 shares.		—			—			2,072,976			(2,072,976	)		N.M.
Par value of $0.01 and authorized 1,000,000,000 shares at March 31, 2008; issued 367,007,244 and 367,000,815 shares, respectively; outstanding 366,226,146 and 366,261,676 shares, respectively.		3,670			3,670			—			3,670			N.M.
Capital surplus		5,241,033			5,237,783			—			5,241,033			N.M.
Less 781,098; 739,139 and 588,062 treasury shares at cost, respectively		(14,834	)		(14,391	)		(11,128	)		(3,706	)		33.3
Accumulated other comprehensive loss		(122,217	)		(49,611	)		(59,509	)		(62,708	)		N.M.
Retained earnings		798,927			771,689			1,049,021			(250,094	)		(23.8	)

Total Shareholders’ Equity		5,906,579			5,949,140			3,051,360			2,855,219			93.6

Total Liabilities and Shareholders’ Equity	$	56,051,969		$	54,697,468		$	34,979,299		$	21,072,670			60.2	%


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

Loans and Leases Composition


												Change
	2008				2007							March ’08 vs ’07
(in thousands)	March 31,				December 31,			March 31,				Amount			Percent
	*(Unaudited)*							(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	10,772,168	26.3	%	$	10,241,115	25.6	$	6,181,645	23.5	%	$	4,590,523			74.3	%
Middle market commercial real estate:
Construction		2,035,974	5.0			1,958,191	4.9		1,187,991	4.5			847,983			71.4
Commercial		6,108,593	14.9			5,855,240	14.6		2,811,772	10.7			3,296,821			N.M.

Middle market commercial real estate		8,144,567	19.9			7,813,431	19.5		3,999,763	15.2			4,144,804			N.M.
Small business		4,245,004	10.4			4,254,071	10.6		2,452,843	9.4			1,792,161			73.1

Total commercial		23,161,739	56.6			22,308,617	55.7		12,634,251	48.1			10,527,488			83.3

Consumer:
Automobile loans		3,491,369	8.5			3,114,029	7.8		2,251,215	8.6			1,240,154			55.1
Automobile leases		999,629	2.4			1,179,505	2.9		1,623,758	6.2			(624,129	)		(38.4	)
Home equity		7,296,448	17.8			7,290,063	18.2		4,914,462	18.7			2,381,986			48.5
Residential mortgage		5,366,414	13.1			5,447,126	13.6		4,405,943	16.8			960,471			21.8
Other loans		698,620	1.6			714,998	1.8		437,117	1.6			261,503			59.8

Total consumer		17,852,480	43.4			17,745,721	44.3		13,632,495	51.9			4,219,985			31.0

Total loans and leases	$	41,014,219	100.0	%	$	40,054,338	100.0	$	26,266,746	100.0		$	14,747,473			56.1


By Business Segment
Regional Banking:
Central Ohio	$	5,229,075	12.7	%	$	5,110,270	12.8	$	3,669,569	14.0	%	$	1,559,506			42.5	%
Northwest Ohio		2,280,255	5.6			2,284,141	5.7		455,075	1.7			1,825,180			N.M.
Greater Cleveland		3,194,533	7.8			3,097,120	7.7		2,019,820	7.7			1,174,713			58.2
Greater Akron/Canton		2,058,031	5.0			2,020,447	5.0		1,318,932	5.0			739,099			56.0
Southern Ohio/Kentucky		2,900,259	7.1			2,659,870	6.6		2,159,407	8.2			740,852			34.3
Mahoning Valley		893,317	2.2			927,918	2.3		—	—			893,317			—
Ohio Valley		870,833	2.1			870,276	2.2		—	—			870,833			—
West Michigan		2,535,359	6.2			2,477,617	6.2		2,453,300	9.3			82,059			3.3
East Michigan		1,766,750	4.3			1,750,171	4.4		1,646,028	6.3			120,722			7.3
Western Pennsylvania		1,031,319	2.5			1,053,685	2.6		—	—			1,031,319			—
Pittsburgh		926,487	2.3			900,789	2.2		—	—			926,487			—
Central Indiana		1,507,934	3.7			1,421,116	3.5		971,186	3.7			536,748			55.3
West Virginia		1,158,915	2.8			1,155,719	2.9		1,109,197	4.2			49,718			4.5
Other Regional		6,251,173	15.3			6,176,485	15.6		3,691,557	14.1			2,559,616			69.3

Regional Banking		32,604,240	79.5			31,905,624	79.7		19,494,071	74.2			13,110,169			67.3
Dealer Sales		5,862,116	14.3			5,563,415	13.9		4,903,370	18.7			958,746			19.6
Private Financial and Capital Markets Group		2,547,863	6.2			2,585,299	6.4		1,869,305	7.1			678,558			36.3
Treasury / Other		—	—			—	—		—	—			—			—

Total loans and leases	$	41,014,219	100.0	%	$	40,054,338	100.0	$	26,266,746	100.0	%	$	14,747,473			56.1	%


N.M., not a meaningful value.

Huntington Bancshares Incorporated

Deposit Composition


													Change
	2008				2007								March ’08 vs ’07
(in thousands)	March 31,				December 31,				March 31,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Demand deposits — non-interest bearing	$	5,160,068	13.5	%	$	5,371,747	14.2	%	$	3,696,231	15.0	%	$	1,463,837			39.6	%
Demand deposits — interest bearing		4,040,747	10.6			4,048,873	10.7			2,486,304	10.1			1,554,443			62.5
Money market deposits		6,681,412	17.5			6,643,242	17.6			5,568,104	22.6			1,113,308			20.0
Savings and other domestic deposits		5,083,046	13.3			4,968,615	13.2			2,947,786	12.0			2,135,260			72.4
Core certificates of deposit		10,582,394	27.8			10,736,146	28.4			5,408,289	22.0			5,174,105			95.7

Total core deposits		31,547,667	82.7			31,768,623	84.1			20,106,714	81.7			11,440,953			56.9
Other domestic deposits of $100,000 or more		2,160,339	5.7			1,870,730	5.0			1,218,498	5.0			941,841			77.3
Brokered deposits and negotiable CDs		3,361,957	8.8			3,376,854	8.9			2,721,927	11.1			640,030			23.5
Deposits in foreign offices		1,046,378	2.8			726,714	2.0			538,754	2.2			507,624			94.2

Total deposits	$	38,116,341	100.0	%	$	37,742,921	100.0	%	$	24,585,893	100.0	%	$	13,530,448			55.0	%


Total core deposits:
Commercial	$	8,715,690	27.6	%	$	9,017,852	28.4	%	$	6,314,309	31.4	%	$	2,401,381			38.0	%
Personal		22,831,977	72.4			22,750,771	71.6			13,792,405	68.6			9,039,572			65.5

Total core deposits	$	31,547,667	100.0	%	$	31,768,623	100.0	%	$	20,106,714	100.0	%	$	11,440,953			56.9	%


By Business Segment
Regional Banking:
Central Ohio	$	6,665,031	17.5	%	$	6,332,143	16.8	%	$	4,984,215	20.3	%	$	1,680,816			33.7	%
Northwest Ohio		2,798,377	7.3			2,837,735	7.5			1,062,255	4.3			1,736,122			N.M.
Greater Cleveland		3,263,713	8.6			3,194,780	8.5			2,020,165	8.2			1,243,548			61.6
Greater Akron/Canton		2,660,216	7.0			2,636,564	7.0			1,909,677	7.8			750,539			39.3
Southern Ohio/Kentucky		2,676,381	7.0			2,628,766	7.0			2,353,129	9.6			323,252			13.7
Mahoning Valley		1,583,723	4.2			1,550,676	4.1			—	—			1,583,723			—
Ohio Valley		1,291,747	3.4			1,289,027	3.4			—	—			1,291,747			—
West Michigan		2,937,318	7.7			2,919,926	7.7			2,826,489	11.5			110,829			3.9
East Michigan		2,445,148	6.4			2,442,354	6.5			2,460,100	10.0			(14,952	)		(0.6	)
Western Pennsylvania		1,630,114	4.3			1,643,483	4.4			—	—			1,630,114			—
Pittsburgh		956,254	2.5			948,451	2.5			—	—			956,254			—
Central Indiana		1,881,781	4.9			1,896,433	5.0			903,119	3.7			978,662			N.M.
West Virginia		1,584,233	4.2			1,589,903	4.2			1,547,095	6.3			37,138			2.4
Other Regional		781,967	2.1			771,261	2.0			571,095	2.3			210,872			36.9

Regional Banking		33,156,003	87.0			32,681,502	86.6			20,637,339	83.9			12,518,664			60.7
Dealer Sales		55,557	0.1			58,196	0.2			54,644	0.2			913			1.7
Private Financial and Capital Markets Group		1,542,631	4.0			1,626,043	4.3			1,174,618	4.8			368,013			31.3
Treasury / Other⁽¹⁾		3,362,150	8.9			3,377,180	8.9			2,719,292	11.1			642,858			23.6

Total deposits	$	38,116,341	100.0	%	$	37,742,921	100.0	%	$	24,585,893	100.0	%	$	13,530,448			55.0	%


N.M., not a meaningful value.

⁽¹⁾		Comprised largely of national market deposits.

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets
(Unaudited)


	Average Balances															Change
Fully taxable equivalent basis	2008			2007												1Q08 vs 1Q07
(in millions)	First			Fourth			Third			Second			First			Amount			Percent
Assets
Interest bearing deposits in banks	$	293		$	324		$	292		$	259		$	93		$	200			N.M.	%
Trading account securities		1,186			1,122			1,149			230			48			1,138			N.M.
Federal funds sold and securities purchased under resale agreements		769			730			557			574			503			266			52.9
Loans held for sale		565			493			419			291			242			323			N.M.
Investment securities:
Taxable		3,774			3,807			3,951			3,253			3,595			179			5.0
Tax-exempt		703			689			675			629			591			112			19.0

Total investment securities		4,477			4,496			4,626			3,882			4,186			291			7.0
Loans and leases:⁽¹⁾
Commercial:
Middle market commercial and industrial		10,506			10,445			10,328			6,227			6,084			4,422			72.7
Middle market commercial real estate:
Construction		1,999			1,870			1,784			1,246			1,151			848			73.7
Commercial		5,912			5,801			5,637			2,872			2,775			3,137			N.M.

Middle market commercial real estate		7,911			7,671			7,421			4,118			3,926			3,985			N.M.
Small business		4,213			4,207			4,267			2,473			2,449			1,764			72.0

Total commercial		22,630			22,323			22,016			12,818			12,459			10,171			81.6

Consumer:
Automobile loans		3,309			3,052			2,931			2,322			2,215			1,094			49.4
Automobile leases		1,090			1,272			1,423			1,551			1,698			(608	)		(35.8	)

Automobile loans and leases		4,399			4,324			4,354			3,873			3,913			486			12.4
Home equity		7,274			7,297			7,468			4,973			4,913			2,361			48.1
Residential mortgage		5,351			5,437			5,456			4,351			4,496			855			19.0
Other loans		713			728			534			424			422			291			69.0

Total consumer		17,737			17,786			17,812			13,621			13,744			3,993			29.1

Total loans and leases		40,367			40,109			39,828			26,439			26,203			14,164			54.1
Allowance for loan and lease losses		(630	)		(474	)		(475	)		(297	)		(278	)		(352	)		N.M.

Net loans and leases		39,737			39,635			39,353			26,142			25,925			13,812			53.3

Total earning assets		47,657			47,274			46,871			31,675			31,275			16,382			52.4

Cash and due from banks		1,036			1,098			1,111			748			826			210			25.4
Intangible assets		3,472			3,440			3,337			626			627			2,845			N.M.
All other assets		3,350			3,142			3,124			2,398			2,480			870			35.1

Total Assets	$	54,885		$	54,480		$	53,968		$	35,150		$	34,930		$	19,955			57.1	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	5,034		$	5,218		$	5,384		$	3,591		$	3,530		$	1,504			42.6	%
Demand deposits — interest bearing		3,934			3,929			3,808			2,404			2,349			1,585			67.5
Money market deposits		6,753			6,845			6,869			5,466			5,489			1,264			23.0
Savings and other domestic deposits		5,004			5,012			5,127			2,931			2,898			2,106			72.7
Core certificates of deposit		10,796			10,674			10,425			5,591			5,455			5,341			97.9

Total core deposits		31,521			31,678			31,613			19,983			19,721			11,800			59.8
Other domestic deposits of $100,000 or more		1,983			1,731			1,610			1,056			1,148			835			72.7
Brokered deposits and negotiable CDs		3,542			3,518			3,728			2,682			3,020			522			17.3
Deposits in foreign offices		885			748			701			552			562			323			57.5

Total deposits		37,931			37,675			37,652			24,273			24,451			13,480			55.1
Short-term borrowings		2,772			2,489			2,542			2,075			1,863			909			48.8
Federal Home Loan Bank advances		3,389			3,070			2,553			1,329			1,128			2,261			N.M.
Subordinated notes and other long-term debt		3,814			3,875			3,912			3,470			3,487			327			9.4
Total interest bearing liabilities		42,872			41,891			41,275			27,556			27,399			15,473			56.5

All other liabilities		1,104			1,160			1,103			960			987			117			11.9
Shareholders’ equity		5,875			6,211			6,206			3,043			3,014			2,861			94.9

Total Liabilities and Shareholders’ Equity	$	54,885		$	54,480		$	53,968		$	35,150		$	34,930		$	19,955			57.1	%


N.M., not a meaningful value.

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

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin Analysis
(Unaudited)


	Average Rates⁽²⁾
	2008			2007
Fully taxable equivalent basis ⁽¹⁾	First			Fourth			Third			Second			First
Assets
Interest bearing deposits in banks		3.97	%		4.30	%		4.69	%		6.47	%		5.13	%
Trading account securities		5.27			5.72			6.01			5.74			5.27
Federal funds sold and securities purchased under resale agreements		3.07			4.59			5.26			5.28			5.24
Loans held for sale		5.41			5.86			5.13			5.79			6.27
Investment securities:
Taxable		5.71			5.98			6.09			6.11			6.13
Tax-exempt		6.75			6.74			6.78			6.69			6.66

Total investment securities		5.88			6.10			6.19			6.20			6.21

Loans and leases:⁽³⁾
Commercial:
Middle market commercial and industrial		6.16			6.81			7.79			7.39			7.49
Middle market commercial real estate:
Construction		5.82			7.21			7.68			7.62			8.41
Commercial		6.07			6.98			7.62			7.34			7.64

Middle market commercial real estate		6.01			7.04			7.64			7.42			7.87
Small business		7.02			7.44			7.49			7.30			7.24

Total commercial		6.27			7.00			7.68			7.38			7.56

Consumer:
Automobile loans		7.25			7.31			7.25			7.10			6.92
Automobile leases		5.53			5.52			5.56			5.34			5.25

Automobile loans and leases		6.82			6.78			6.70			6.39			6.25
Home equity		7.21			7.81			7.94			7.63			7.67
Residential mortgage		5.86			5.88			6.06			5.61			5.54
Other loans		10.43			10.91			11.48			9.57			9.52

Total consumer		6.84			7.10			7.17			6.69			6.58

Total loans and leases		6.51			7.05			7.45			7.03			7.05

Total earning assets		6.40	%		6.88	%		7.25	%		6.92	%		6.98	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		0.82			1.14			1.53			1.22			1.21
Money market deposits		2.83			3.67			3.78			3.85			3.78
Savings and other domestic deposits		2.27			2.54			2.54			2.23			2.09
Core certificates of deposit		4.68			4.83			4.99			4.79			4.72

Total core deposits		3.18			3.55			3.69			3.50			3.42
Other domestic deposits of $100,000 or more		4.39			4.99			4.79			5.31			5.34
Brokered deposits and negotiable CDs		4.43			5.24			5.42			5.53			5.50
Deposits in foreign offices		2.16			3.27			3.29			3.16			2.99

Total deposits		3.36			3.80			3.94			3.84			3.81
Short-term borrowings		2.78			3.74			4.10			4.50			4.32
Federal Home Loan Bank advances		3.94			5.03			5.31			4.76			4.44
Subordinated notes and other long-term debt		5.12			5.93			6.15			5.96			5.77

Total interest bearing liabilities		3.53	%		4.09	%		4.24	%		4.20	%		4.14	%


Net interest rate spread		2.87	%		2.79	%		3.01	%		2.72	%		2.84	%
Impact of non-interest bearing funds on margin		0.36			0.47			0.51			0.54			0.52

Net interest margin		3.23	%		3.26	%		3.52	%		3.26	%		3.36	%


⁽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, nonaccrual loans are reflected in the average balances of loans.

Huntington Bancshares Incorporated

Quarterly Average Loans and Leases and Deposit
Composition By Business Segment
(Unaudited)


	Average Balances										Change
	2008		2007								1Q08 vs 1Q07
(in millions)	First		Fourth		Third		Second		First		Amount			Percent
Loans and direct financing leases⁽¹⁾
Regional Banking:
Central Ohio	$	5,099	$	5,011	$	4,910	$	3,644	$	3,601	$	1,498			41.6	%
Northwest Ohio		2,295		2,318		2,331		452		455		1,840			N.M.
Greater Cleveland		3,148		3,079		2,993		2,064		1,964		1,184			60.3
Greater Akron/Canton		2,021		2,037		2,024		1,328		1,326		695			52.4
Southern Ohio/Kentucky		2,782		2,576		2,527		2,205		2,181		601			27.6
Mahoning Valley		888		925		871		—		—		888			—
Ohio Valley		870		867		759		—		—		870			—
West Michigan		2,508		2,470		2,484		2,447		2,441		67			2.7
East Michigan		1,734		1,767		1,750		1,639		1,626		108			6.6
Western Pennsylvania		1,032		1,092		1,069		—		—		1,032			—
Pittsburgh		909		896		912		—		—		909			—
Central Indiana		1,463		1,397		1,406		982		959		504			52.6
West Virginia		1,160		1,135		1,163		1,128		1,106		54			4.9
Other Regional		6,185		6,500		6,754		3,774		3,780		2,405			63.6

Regional Banking		32,094		32,070		31,953		19,663		19,439		12,655			65.1
Dealer Sales		5,720		5,515		5,376		4,888		4,917		803			16.3
Private Financial and Capital Markets Group		2,553		2,524		2,499		1,888		1,847		706			38.2
Treasury / Other		—		—		—		—		—		—			—

Total loans and direct financing leases	$	40,367	$	40,109	$	39,828	$	26,439	$	26,203	$	14,164			54.1	%


Deposit composition⁽¹⁾
Regional Banking:
Central Ohio	$	6,359	$	6,169	$	6,026	$	4,962	$	4,889	$	1,470			30.1	%
Northwest Ohio		2,828		2,825		2,856		1,070		1,061		1,767			N.M.
Greater Cleveland		3,189		3,089		2,969		2,024		2,005		1,184			59.1
Greater Akron/Canton		2,669		2,634		2,613		1,898		1,903		766			40.3
Southern Ohio/Kentucky		2,655		2,644		2,564		2,333		2,285		370			16.2
Mahoning Valley		1,542		1,550		1,562		—		—		1,542			—
Ohio Valley		1,284		1,345		1,380		—		—		1,284			—
West Michigan		2,904		2,925		2,868		2,784		2,790		114			4.1
East Michigan		2,420		2,404		2,423		2,397		2,431		(11	)		(0.5	)
Western Pennsylvania		1,631		1,655		1,695		—		—		1,631			—
Pittsburgh		963		946		943		—		—		963			—
Central Indiana		1,888		1,940		1,831		854		870		1,018			N.M.
West Virginia		1,594		1,567		1,562		1,535		1,533		61			4.0
Other Regional		823		759		861		537		452		371			82.1

Regional Banking		32,749		32,452		32,153		20,394		20,219		12,530			62.0
Dealer Sales		54		59		56		55		52		2			3.8
Private Financial and Capital Markets Group		1,583		1,629		1,645		1,142		1,148		435			37.9
Treasury / Other		3,545		3,535		3,798		2,682		3,032		513			16.9

Total deposits	$	37,931	$	37,675	$	37,652	$	24,273	$	24,451	$	13,480			55.1	%


N.M., not a meaningful value.

⁽¹⁾		Prior period amounts have been reclassified to conform to the current period presentation.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data ⁽¹⁾
(Unaudited)


	2008			2007												1Q08 vs 1Q07
(in thousands, except per share amounts)	First			Fourth			Third			Second			First			Amount			Percent
Interest income	$	753,411		$	814,398		$	851,155		$	542,461		$	534,949		$	218,462			40.8	%
Interest expense		376,587			431,465			441,522			289,070			279,394			97,193			34.8

Net interest income		376,824			382,933			409,633			253,391			255,555			121,269			47.5
Provision for credit losses		88,650			512,082			42,007			60,133			29,406			59,244			N.M.

Net interest income (loss) after provision for credit losses		288,174			(129,149	)		367,626			193,258			226,149			62,025			27.4

Service charges on deposit accounts		72,668			81,276			78,107			50,017			44,793			27,875			62.2
Trust services		34,128			35,198			33,562			26,764			25,894			8,234			31.8
Brokerage and insurance income		36,560			30,288			28,806			17,199			16,082			20,478			N.M.
Other service charges and fees		20,741			21,891			21,045			14,923			13,208			7,533			57.0
Bank owned life insurance income		13,750			13,253			14,847			10,904			10,851			2,899			26.7
Mortgage banking (loss) income		(7,063	)		3,702			9,629			7,122			9,351			(16,414	)		N.M.
Securities gains (losses)		1,429			(11,551	)		(13,152	)		(5,139	)		104			1,325			N.M.
Other income ⁽²⁾		63,539			(3,500	)		31,830			34,403			24,894			38,645			N.M.

Total non-interest income		235,752			170,557			204,674			156,193			145,177			90,575			62.4

Personnel costs		201,943			214,850			202,148			135,191			134,639			67,304			50.0
Outside data processing and other services		34,361			39,130			40,600			25,701			21,814			12,547			57.5
Net occupancy		33,243			26,714			33,334			19,417			19,908			13,335			67.0
Equipment		23,794			22,816			23,290			17,157			18,219			5,575			30.6
Amortization of intangibles		18,917			20,163			19,949			2,519			2,520			16,397			N.M.
Marketing		8,919			16,175			13,186			8,986			7,696			1,223			15.9
Professional services		9,090			14,464			11,273			8,101			6,482			2,608			40.2
Telecommunications		6,245			8,513			7,286			4,577			4,126			2,119			51.4
Printing and supplies		5,622			6,594			4,743			3,672			3,242			2,380			73.4
Other expense ⁽²⁾		28,347			70,133			29,754			19,334			23,426			4,921			21.0

Total non-interest expense		370,481			439,552			385,563			244,655			242,072			128,409			53.0

Income (Loss) before income taxes		153,445			(398,144	)		186,737			104,796			129,254			24,191			18.7
Provision (Benefit) for income taxes		26,377			(158,864	)		48,535			24,275			33,528			(7,151	)		(21.3	)

Net income (loss)	$	127,068		$	(239,280	)	$	138,202		$	80,521		$	95,726		$	31,342			32.7	%


Average common shares — diluted		367,208			366,119			368,280			239,008			238,754			128,454			53.8	%

Per common share
Net income (loss) — diluted	$	0.35		$	(0.65	)	$	0.38		$	0.34		$	0.40		$	(0.05	)		(12.5	)
Cash dividends declared		0.265			0.265			0.265			0.265			0.265			—			—

Return on average total assets		0.93	%		(1.74)	%		1.02	%		0.92	%		1.11	%		(0.18	)%		(16.2	)
Return on average total shareholders’ equity		8.7			(15.3	)		8.8			10.6			12.9			(4.2	)		(32.6	)
Return on average tangible shareholders’ equity ⁽³⁾		22.0			(30.7	)		19.7			13.5			16.4			5.6			34.1
Net interest margin ⁽⁴⁾		3.23			3.26			3.52			3.26			3.36			(0.13	)		(3.9	)
Efficiency ratio ⁽⁵⁾		57.0			73.5			57.7			57.8			59.2			(2.2	)		(3.7	)
Effective tax rate (benefit)		17.2			(39.9	)		26.0			23.2			25.9			(8.7	)		(33.6	)

Revenue — fully taxable equivalent (FTE)
Net interest income	$	376,824		$	382,933		$	409,633		$	253,391		$	255,555		$	121,269			47.5
FTE adjustment		5,502			5,363			5,712			4,127			4,047			1,455			36.0

Net interest income⁽⁴⁾		382,326			388,296			415,345			257,518			259,602			122,724			47.3
Non-interest income		235,752			170,557			204,674			156,193			145,177			90,575			62.4

Total revenue⁽⁴⁾	$	618,078		$	558,853		$	620,019		$	413,711		$	404,779		$	213,299			52.7	%


N.M., not a meaningful value.

⁽¹⁾		Comparisons for presented periods are impacted by a number of factors. Refer to “Significant Items Influencing Financial Performance Comparisons”.

⁽²⁾		Automobile operating lease income and expense is included in ‘Other Income’ and ‘Other Expense’, respectively.

⁽³⁾		Net income less expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common equity equals average total common stockholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles, as well as other intangible assets, are net of deferred tax liability, and are calculated assuming a 35% tax rate.

⁽⁴⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾		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
(Unaudited)


	2008			2007												1Q08 vs 1Q07
(in thousands, except as noted)	First			Fourth			Third			Second			First			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	9,332		$	5,879		$	8,375		$	6,771		$	4,940		$	4,392			88.9	%
Servicing fees		10,894			11,405			10,811			6,976			6,820			4,074			59.7
Amortization of capitalized servicing⁽¹⁾		(6,914	)		(5,929	)		(6,571	)		(4,449	)		(3,638	)		(3,276	)		(90.0	)
Other mortgage banking income		4,326			4,113			3,016			2,822			3,247			1,079			33.2

Sub-total		17,638			15,468			15,631			12,120			11,369			6,269			55.1
MSR valuation adjustment ⁽¹⁾		(18,093	)		(21,245	)		(9,863	)		16,034			(1,057	)		(17,036	)		N.M.
Net trading (losses) gains related to MSR hedging		(6,609	)		9,479			3,861			(21,032	)		(961	)		(5,648	)		N.M.

Total mortgage banking (loss) income	$	(7,064	)	$	3,702		$	9,629		$	7,122		$	9,351		$	(16,415	)		N.M.	%


Capitalized mortgage servicing rights⁽²⁾	$	191,806		$	207,894		$	228,933		$	155,420		$	134,845		$	56,961			42.2	%
Total mortgages serviced for others (in millions)⁽²⁾		15,138			15,088			15,073			8,693			8,494			6,644			78.2
MSR % of investor servicing portfolio		1.27	%		1.38	%		1.52	%		1.79	%		1.59	%		(0.32	)%		(20.1	)


Net Impact of MSR Hedging
MSR valuation adjustment⁽¹⁾	$	(18,093	)	$	(21,245	)	$	(9,863	)	$	16,034		$	(1,057	)	$	(17,036	)		N.M.	%
Net trading (losses) gains related to MSR hedging		(6,609	)		9,479			3,861			(21,032	)		(961	)		(5,648	)		N.M.
Net interest income related to MSR hedging		5,934			3,192			2,357			248			—			5,934			—

Net impact of MSR hedging	$	(18,768	)	$	(8,574	)	$	(3,645	)	$	(4,750	)	$	(2,018	)	$	(16,750	)		N.M.	%


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⁾		At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis
(Unaudited)


	2008			2007
(in thousands)	First			Fourth			Third			Second			First
Allowance for loan and lease losses, beginning of period	$	578,442		$	454,784		$	307,519		$	282,976		$	272,068

Acquired allowance for loan and lease losses		—			—			188,128			—			—
Loan and lease losses		(60,804	)		(388,506	)		(57,466	)		(44,158	)		(27,813	)
Recoveries of loans previously charged off		12,355			10,599			10,360			9,658			9,695

Net loan and lease losses		(48,449	)		(377,907	)		(47,106	)		(34,500	)		(18,118	)

Provision for loan and lease losses		97,622			503,781			36,952			59,043			29,026
Allowance for loans transferred to held-for-sale		—			(2,216	)		(30,709	)		—			—

Allowance for loan and lease losses, end of period	$	627,615		$	578,442		$	454,784		$	307,519		$	282,976


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	66,528		$	58,227		$	41,631		$	40,541		$	40,161

Acquired AULC		—			—			11,541			—			—
(Reduction in) Provision for unfunded loan commitments and letters of credit losses		(8,972	)		8,301			5,055			1,090			380

Allowance for unfunded loan commitments and letters of credit, end of period	$	57,556		$	66,528		$	58,227		$	41,631		$	40,541


Total allowances for credit losses	$	685,171		$	644,970		$	513,011		$	349,150		$	323,517


Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		1.34	%		1.27	%		0.97	%		0.94	%		0.89	%
Economic reserve		0.19			0.17			0.17			0.21			0.19

Total loans and leases		1.53	%		1.44	%		1.14	%		1.15	%		1.08	%

Nonaccrual loans and leases (NALs)		166			181			182			145			180

Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.67	%		1.61	%		1.28	%		1.30	%		1.23	%
Nonaccrual loans and leases		182			202			206			165			206

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis
(Unaudited)


	2008			2007
(in thousands)	First			Fourth			Third			Second			First
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	3,128		$	318,485		$	7,760		$	3,628		$	(11	)
Middle market commercial real estate:
Construction		112			6,800			2,160			2,876			9
Commercial		2,639			13,313			2,282			10,428			377

Middle market commercial real estate		2,751			20,113			4,442			13,304			386
Small business		9,128			6,043			5,102			3,603			2,089

Total commercial		15,007			344,641			17,304			20,535			2,464

Consumer:
Automobile loans		8,008			7,347			5,354			1,631			2,853
Automobile leases		3,211			3,046			2,561			2,699			2,201

Automobile loans and leases		11,219			10,393			7,915			4,330			5,054
Home equity		14,515			12,212			10,841			5,405			5,968
Residential mortgage		2,927			3,340			4,405			1,695			1,931
Other loans		4,781			7,321			6,641			2,535			2,701

Total consumer		33,442			33,266			29,802			13,965			15,654


Total net charge-offs	$	48,449		$	377,907		$	47,106		$	34,500		$	18,118


Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		0.12	%		12.20	%		0.30	%		0.23	%		—	%
Middle market commercial real estate:
Construction		0.02			1.45			0.48			0.92			—
Commercial		0.18			0.92			0.16			1.45			0.05

Middle market commercial real estate		0.14			1.05			0.24			1.29			0.04
Small business		0.87			0.57			0.48			0.58			0.34

Total commercial		0.27			6.18			0.31			0.64			0.08

Consumer:
Automobile loans		0.97			0.96			0.73			0.28			0.52
Automobile leases		1.18			0.96			0.72			0.70			0.52

Automobile loans and leases		1.02			0.96			0.73			0.45			0.52
Home equity		0.80			0.67			0.58			0.43			0.49
Residential mortgage		0.22			0.25			0.32			0.16			0.17
Other loans		2.68			4.02			4.97			2.39			2.56

Total consumer		0.75			0.75			0.67			0.41			0.46


Net charge-offs as a % of average loans		0.48	%		3.77	%		0.47	%		0.52	%		0.28	%

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases
(Unaudited)


	2008			2007
(in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
Nonaccrual loans and leases:
Middle market commercial and industrial	$	65,833		$	51,875		$	56,691		$	41,644		$	32,970
Middle market commercial real estate		161,062			132,157			85,144			81,108			42,458
Small business		57,947			52,114			36,712			32,059			30,015
Residential mortgage		66,466			59,557			47,738			39,868			35,491
Home equity		26,053			24,068			23,111			16,837			16,396


Total nonaccrual loans and leases		377,361			319,771			249,396			211,516			157,330
Restructured loans		1,157,361			1,187,368			—			—			—
Other real estate, net:
Residential		63,675			60,804			49,555			47,590			46,892
Commercial		10,181			14,467			19,310			2,079			2,456

Total other real estate, net		73,856			75,271			68,865			49,669			49,348
Impaired loans held for sale ⁽¹⁾		66,353			73,481			100,485			—			—
Other NPAs ⁽²⁾		2,836			4,379			16,296			—			—

Total nonperforming assets	$	1,677,767		$	1,660,270		$	435,042		$	261,185		$	206,678


Nonaccrual loans and leases as a % of total loans and leases (NAL ratio)		0.92	%		0.80	%		0.62	%		0.79	%		0.60	%

NPA ratio ⁽³⁾		4.08			4.13			1.08			0.97			0.79

Accruing loans and leases past due 90 days or more	$	152,897		$	140,977		$	115,607		$	67,277		$	70,179

Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.37	%		0.35	%		0.29	%		0.25	%		0.27	%


	2008			2007
(in thousands)	First			Fourth			Third			Second			First
Nonperforming assets, beginning of period	$	1,660,270		$	435,042		$	261,185		$	206,678		$	193,620
New nonperforming assets		141,090			211,134			92,986			112,348			51,588
Restructured loans ⁽⁴⁾		—			1,187,368			—			—			—
Acquired nonperforming assets		—			—			144,492			—			—
Returns to accruing status		(13,484	)		(5,273	)		(8,829	)		(4,674	)		(6,176	)
Loan and lease losses		(27,896	)		(62,502	)		(28,031	)		(27,149	)		(9,072	)
Payments		(68,753	)		(30,756	)		(17,589	)		(19,662	)		(18,086	)
Sales		(13,460	)		(74,743	)		(9,172	)		(6,356	)		(5,196	)

Nonperforming assets, end of period	$	1,677,767		$	1,660,270		$	435,042		$	261,185		$	206,678


⁽¹⁾		Represent impaired loans obtained from the Sky Financial acquisition that are intended to be sold. Held for sale loans are carried at the lower of cost or market value.

⁽²⁾		Other NPAs represent certain investment securities backed by mortgage loans to borrowers with lower FICO scores.

⁽³⁾		Nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, net other real estate, and other NPAs.

⁽⁴⁾		Restructured loans are net of loan losses and payments.

Huntington Bancshares Incorporated

Quarterly Stock Summary, Capital, and Other Data
(Unaudited)

Quarterly common stock summary


	2008		2007
(in thousands, except per share amounts)	First		Fourth		Third		Second		First
Common stock price, per share
High ⁽¹⁾	$	14.870	$	18.390	$	22.930	$	22.960	$	24.140
Low⁽¹⁾		9.640		13.500		16.050		21.300		21.610
Close		10.750		14.760		16.980		22.740		21.850
Average closing price		12.268		16.125		18.671		22.231		23.117

Dividends, per share
Cash dividends declared per common share	$	0.265	$	0.265	$	0.265	$	0.265	$	0.265

Common shares outstanding
Average — basic		366,235		366,119		365,895		236,032		235,586
Average — diluted		367,208		366,119		368,280		239,008		238,754
Ending		366,226		366,262		365,898		236,244		235,714
Book value per share	$	16.13	$	16.24	$	17.08	$	12.97	$	12.95
Tangible book value per share ⁽²⁾		7.08		7.13		8.10		10.41		10.37

Capital data


	2008			2007
(in millions)	March 31,			December 31,			September 30,			June 30,			March 31,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,907		$	5,949		$	6,250		$	3,064		$	3,051
Less: goodwill		(3,047	)		(3,059	)		(2,996	)		(570	)		(570	)
Less: other intangible assets		(409	)		(428	)		(443	)		(55	)		(57	)
Add: related deferred tax liability ⁽²⁾		143			150			155			19			20

Total tangible equity	$	2,593		$	2,612		$	2,965		$	2,459		$	2,444


Total assets	$	56,052		$	54,697		$	55,304		$	36,421		$	34,979
Less: goodwill		(3,047	)		(3,059	)		(2,996	)		(570	)		(570	)
Less: other intangible assets		(409	)		(428	)		(443	)		(55	)		(57	)
Add: related deferred tax liability ⁽²⁾		143			150			155			19			20

Total tangible assets	$	52,739		$	51,360		$	52,020		$	35,815		$	34,372


Tangible equity / asset ratio		4.92	%		5.08	%		5.70	%		6.87	%		7.11	%

Other capital data:
Total risk-weighted assets⁽³⁾	$	46,572		$	46,044		$	45,931		$	32,121		$	31,473

Tier 1 leverage ratio⁽³⁾		6.82	%		6.77	%		7.57	%		9.07	%		8.24	%
Tier 1 risk-based capital ratio⁽³⁾		7.55			7.51			8.35			9.74			8.98
Total risk-based capital ratio⁽³⁾		10.86			10.85			11.58			13.49			12.82

Tangible equity / risk-weighted assets ratio⁽³⁾		5.57			5.67			6.46			7.66			7.77
Average equity / average assets		10.70			11.40			11.50			8.66			8.63

Other data:
Number of employees (full-time equivalent)		11,496			11,925			12,312			8,410			8,029
Number of domestic full-service banking offices⁽⁴⁾		627			625			620			379			375


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

⁽²⁾		Other intangible assets is net of deferred tax liability, and is calculated assuming a 35% tax rate.

⁽³⁾		March 31, 2008 figures are estimated. Based on an interim decision by the banking agencies on December 14, 2006, Huntington has excluded the impact of adopting Statement 158 from the regulatory capital calculations.

⁽⁴⁾		Includes Private Financial Group offices.