EX-99.2

Huntington Bancshares Incorporated
Consolidated Balance Sheets


										Change
	2009			2008						March ’09 vs ’08
(in thousands, except number of shares)	March 31,			December 31,			March 31,			Amount			Percent
	*(Unaudited)*						(Unaudited)

Assets
Cash and due from banks	$	2,272,831		$	806,693		$	1,242,422		$	1,030,409			82.9	%
Federal funds sold and securities purchased under resale agreements		—			37,975			1,038,820			(1,038,820	)		(100.0	)
Interest bearing deposits in banks		382,755			292,561			253,221			129,534			51.2
Trading account securities		83,554			88,677			1,246,877			(1,163,323	)		(93.3	)
Loans held for sale		481,447			390,438			632,266			(150,819	)		(23.9	)
Investment securities		4,908,332			4,384,457			4,313,006			595,326			13.8
Loans and leases ⁽¹⁾		39,548,364			41,092,165			41,014,219			(1,465,855	)		(3.6	)
Allowance for loan and lease losses		(838,549	)		(900,227	)		(627,615	)		(210,934	)		33.6

Net loans and leases		38,709,815			40,191,938			40,386,604			(1,676,789	)		(4.2	)

Bank owned life insurance		1,376,996			1,364,466			1,327,031			49,965			3.8
Premises and equipment		517,130			519,500			544,718			(27,588	)		(5.1	)
Goodwill		452,110			3,054,985			3,047,407			(2,595,297	)		(85.2	)
Other intangible assets		339,572			356,703			409,055			(69,483	)		(17.0	)
Accrued income and other assets		2,177,583			2,864,466			1,610,542			567,041			35.2

Total Assets	$	51,702,125		$	54,352,859		$	56,051,969		$	(4,349,844	)		(7.8)	%


Liabilities and Shareholders’ Equity Liabilities
Deposits ⁽²⁾	$	39,070,273		$	37,943,286		$	38,116,341		$	953,932			2.5	%
Short-term borrowings		1,055,247			1,309,157			3,336,738			(2,281,491	)		(68.4	)
Federal Home Loan Bank advances		957,953			2,588,976			3,684,193			(2,726,240	)		(74.0	)
Other long-term debt		2,734,446			2,331,632			1,907,881			826,565			43.3
Subordinated notes		1,905,383			1,950,097			1,930,183			(24,800	)		(1.3	)
Accrued expenses and other liabilities		1,164,087			1,000,805			1,168,034			(3,947	)		(0.3	)

Total Liabilities		46,887,389			47,123,953			50,143,370			(3,255,981	)		(6.5	)

Equity
Huntington Bancshares Incorporated shareholders’ equity

Preferred stock — authorized 6,617,808 shares-

5.00% Series B Non-voting, Cumulative Preferred Stock, par value of $0.01 and liquidation value per share of $1,000; 1,398,071 shares issued and outstanding		1,312,875			1,308,667			—			1,312,875			—

8.50% Series A Non-cumulative Perpetual Convertible Preferred Stock, par value and liquidiation value per share of $1,000; issued 569,000 shares; outstanding 454,891 and 569,000 shares, respectively.		454,891			569,000			—			454,891			—

Common stock - Par value of $0.01 and authorized 1,000,000,000 shares; issued 391,595,609, 366,972,250, and 367,007,244 shares, respectively; outstanding 390,681,633, 366,057,669, and 366,226,146 shares, respectively.		3,916			3,670			3,670			246			6.7
Capital surplus		5,465,457			5,322,428			5,241,033			224,424			4.3
Less 913,976, 914,581 and 781,098 treasury shares at cost, respectively		(14,222	)		(15,530	)		(14,834	)		612			(4.1	)
Accumulated other comprehensive income (loss):
Unrealized losses on investment securities		(161,072	)		(207,756	)		(79,396	)		(81,676	)		N.M.
Unrealized gains on cash flow hedging derivatives		43,580			44,638			4,307			39,273			N.M.
Pension and other postretirement benefit adjustments		(162,097	)		(163,575	)		(47,128	)		(114,969	)		N.M.
Retained (deficit) earnings		(2,128,592	)		367,364			800,947			(2,929,539	)		N.M.

Total Shareholders’ Equity		4,814,736			7,228,906			5,908,599			(1,093,863	)		(18.5)

Total Liabilities and Shareholders’ Equity	$	51,702,125		$	54,352,859		$	56,051,969		$	(4,349,844	)		(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
Loans and Leases Composition


	2009				2008
(in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	*(Unaudited)*								(Unaudited)				(Unaudited)				(Unaudited)

Ending Balances by Type
Commercial: ⁽¹⁾
Commercial and industrial ⁽²⁾	$	13,768	34.8	%	$	13,541	33.0	%	$	13,638	33.1	%	$	13,746	33.5	%	$	13,646	33.3	%
Commercial real estate:
Construction		2,074	5.2			2,080	5.1			2,111	5.1			2,136	5.2			2,058	5.0
Commercial ⁽²⁾		7,187	18.2			8,018	19.5			7,796	18.9			7,565	18.4			7,458	18.2

Commercial real estate		9,261	23.4			10,098	24.6			9,907	24.0			9,701	23.6			9,516	23.2

Total commercial		23,029	58.2			23,639	57.6			23,545	57.1			23,447	57.1			23,162	56.5

Consumer:
Automobile loans		2,894	7.3			3,901	9.5			3,918	9.5			3,759	9.2			3,491	8.5
Automobile leases		468	1.2			563	1.4			698	1.7			835	2.0			1,000	2.4
Home equity		7,663	19.4			7,556	18.4			7,497	18.2			7,410	18.1			7,296	17.8
Residential mortgage		4,837	12.2			4,761	11.6			4,854	11.8			4,901	11.9			5,366	13.1
Other loans		657	1.7			672	1.5			680	1.7			695	1.7			699	1.7

Total consumer		16,519	41.8			17,453	42.4			17,647	42.9			17,600	42.9			17,852	43.5

Total loans and leases	$	39,548	100.0	%	$	41,092	100.0		$	41,192	100.0		$	41,047	100.0		$	41,014	100.0


Ending Balances by Business Segment
Regional Banking	$	31,661	80.1	%	$	31,875	77.6	%	$	31,590	76.7	%	$	31,346	76.4	%	$	31,447	76.7	%
Auto Finance and Dealer Services		4,837	12.2			5,956	14.5			5,900	14.3			5,959	14.5			5,862	14.3
PFG		2,555	6.4			2,611	6.3			2,607	6.3			2,612	6.3			2,548	6.2
Treasury / Other⁽³⁾		495	1.3			650	1.6			1,095	2.7			1,130	2.8			1,157	2.8

Total loans and leases	$	39,548	100.0	%	$	41,092	100.0	%	$	41,192	100.0	%	$	41,047	100.0	%	$	41,014	100.0	%


	2009				2008
	First				Fourth				Third				Second				First
Average Balances by Business Segment
Regional Banking	$	31,803	77.8	%	$	31,803	76.8	%	$	31,347	76.4	%	$	31,400	76.5	%	$	30,962	76.7	%
Auto Finance and Dealer Services		5,823	14.2			5,909	14.3			5,928	14.5			5,877	14.3			5,720	14.2
PFG		2,612	6.5			2,629	6.3			2,600	6.3			2,594	6.4			2,553	6.3
Treasury / Other⁽³⁾		628	1.5			1,096	2.6			1,129	2.8			1,154	2.8			1,132	2.8

Total loans and direct financing leases	$	40,866	100.0	%	$	41,437	100.0	%	$	41,004	100.0	%	$	41,025	100.0	%	$	40,367	100.0	%


⁽¹⁾		There were no commercial loans outstanding that would be considered a concentration of lending to a particular industry or group of industries.

⁽²⁾		The 2009 first quarter reflected a net reclassification of $782.2 million from commercial real estate to commercial and industrial.

⁽³⁾		Comprised primarily of Franklin loans.

Huntington Bancshares Incorporated
Deposits Composition


	2009				2008
(in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	*(Unaudited)*								(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type
Demand deposits — non-interest bearing	$	5,887	15.1	%	$	5,477	14.4	%	$	5,135	13.7	%	$	5,253	13.8	%	$	5,160	13.5	%
Demand deposits — interest bearing		4,306	11.0			4,083	10.8			4,052	10.8			4,074	10.7			4,041	10.6
Money market deposits		5,857	15.0			5,182	13.7			5,565	14.8			6,171	16.2			6,681	17.5
Savings and other domestic deposits		4,929	12.6			4,846	12.8			4,816	12.8			5,009	13.1			5,083	13.3
Core certificates of deposit		12,496	32.0			12,727	33.5			12,157	32.4			11,274	29.6			10,583	27.8

Total core deposits		33,475	85.7			32,315	85.2			31,725	84.5			31,781	83.4			31,548	82.7
Other domestic deposits of $100,000 or more		1,239	3.2			1,541	4.1			1,949	5.2			2,139	5.6			2,160	5.7
Brokered deposits and negotiable CDs		3,848	9.8			3,355	8.8			2,925	7.8			3,101	8.1			3,362	8.8
Deposits in foreign offices		508	1.3			732	1.9			970	2.5			1,103	2.9			1,046	2.8

Total deposits	$	39,070	100.0	%	$	37,943	100.0	%	$	37,569	100.0	%	$	38,124	100.0	%	$	38,116	100.0	%


Total core deposits:
Commercial	$	8,737	26.1	%	$	7,758	24.0	%	$	8,008	25.2	%	$	8,472	26.7	%	$	8,716	27.6	%
Personal		24,738	73.9			24,557	76.0			23,717	74.8			23,309	73.3			22,832	72.4

Total core deposits	$	33,475	100.0	%	$	32,315	100.0	%	$	31,725	100.0	%	$	31,781	100.0	%	$	31,548	100.0	%


Ending Balances by Business Segment
Regional Banking	$	33,413	85.5	%	$	32,874	86.6	%	$	32,990	87.8	%	$	33,263	87.2	%	$	33,114	86.9	%
Auto Finance and Dealer Services		71	0.2			66	0.2			67	0.2			56	0.1			56	0.1
PFG		2,251	5.8			1,785	4.7			1,553	4.1			1,666	4.4			1,542	4.0
Treasury / Other⁽¹⁾		3,335	8.5			3,218	8.5			2,959	7.9			3,139	8.3			3,404	9.0

Total deposits	$	39,070	100.0	%	$	37,943	100.0	%	$	37,569	100.0	%	$	38,124	100.0	%	$	38,116	100.0	%


	2009				2008
	First				Fourth				Third				Second				First
Average Balances by Business Segment
Regional Banking	$	33,017	86.5	%	$	32,907	83.1	%	$	33,101	87.6	%	$	33,060	86.9	%	$	32,711	86.2	%
Auto Finance and Dealer Services		66	0.2			61	0.2			62	0.2			54	0.1			54	0.1
PFG		1,941	5.0			1,970	4.9			1,583	4.1			1,517	4.1			1,583	4.3
Treasury / Other⁽¹⁾		3,165	8.3			4,666	11.8			3,057	8.1			3,396	8.9			3,583	9.4

Total deposits	$	38,189	100.0	%	$	39,604	100.0	%	$	37,803	100.0	%	$	38,027	100.0	%	$	37,931	100.0	%


⁽¹⁾		Comprised primarily of national market deposits.

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)


	Average Balances															Change
Fully taxable equivalent basis	2009			2008												1Q09 vs 1Q08
(in millions)	First			Fourth			Third			Second			First			Amount			Percent

Assets
Interest bearing deposits in banks	$	355		$	343		$	321		$	256		$	293		$	62			21.2	%
Trading account securities		278			940			992			1,243			1,186			(908	)		(76.6	)
Federal funds sold and securities purchased under resale agreements		19			48			363			566			769			(750	)		(97.5	)
Loans held for sale		627			329			274			501			565			62			11.0
Investment securities:
Taxable		3,930			3,789			3,975			3,971			3,774			156			4.1
Tax-exempt		496			689			712			717			703			(207	)		(29.4	)

Total investment securities		4,426			4,478			4,687			4,688			4,477			(51	)		(1.1	)
Loans and leases:⁽¹⁾
Commercial:
Commercial and industrial		13,541			13,746			13,629			13,631			13,343			198			1.5
Commercial real estate:
Construction		2,033			2,103			2,090			2,038			2,014			19			0.9
Commercial		8,079			8,115			7,726			7,563			7,273			806			11.1

Commercial real estate		10,112			10,218			9,816			9,601			9,287			825			8.9

Total commercial		23,653			23,964			23,445			23,232			22,630			1,023			4.5

Consumer:
Automobile loans		3,837			3,899			3,856			3,636			3,309			528			16.0
Automobile leases		517			636			768			915			1,090			(573	)		(52.6	)

Automobile loans and leases		4,354			4,535			4,624			4,551			4,399			(45	)		(1.0	)
Home equity		7,577			7,523			7,453			7,365			7,274			303			4.2
Residential mortgage		4,611			4,737			4,812			5,178			5,351			(740	)		(13.8	)
Other loans		671			678			670			699			713			(42	)		(5.9	)

Total consumer		17,213			17,473			17,559			17,793			17,737			(524	)		(3.0	)

Total loans and leases		40,866			41,437			41,004			41,025			40,367			499			1.2
Allowance for loan and lease losses		(913	)		(764	)		(731	)		(654	)		(630	)		(283	)		(44.9	)

Net loans and leases		39,953			40,673			40,273			40,371			39,737			216			0.5

Total earning assets		46,571			47,575			47,641			48,279			47,657			(1,086	)		(2.3	)

Cash and due from banks		1,553			928			925			943			1,036			517			49.9
Intangible assets		3,371			3,421			3,441			3,449			3,472			(101	)		(2.9	)
All other assets		3,571			3,447			3,384			3,522			3,350			221			6.6

Total Assets	$	54,153		$	54,607		$	54,660		$	55,539		$	54,885		$	(732	)		(1.3	)%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	5,544		$	5,205		$	5,080		$	5,061		$	5,034		$	510			10.1	%
Demand deposits — interest bearing		4,076			3,988			4,005			4,086			3,934			142			3.6
Money market deposits		5,593			5,500			5,860			6,267			6,753			(1,160	)		(17.2	)
Savings and other domestic deposits		4,875			4,837			4,911			5,047			5,004			(129	)		(2.6	)
Core certificates of deposit		12,663			12,468			11,883			10,950			10,790			1,873			17.4

Total core deposits		32,751			31,998			31,739			31,411			31,515			1,236			3.9
Other domestic deposits of $100,000 or more		1,356			1,682			1,991			2,145			1,989			(633	)		(31.8	)
Brokered deposits and negotiable CDs		3,449			3,049			3,025			3,361			3,542			(93	)		(2.6	)
Deposits in foreign offices		633			854			1,048			1,110			885			(252	)		(28.5	)

Total deposits		38,189			37,583			37,803			38,027			37,931			258			0.7
Short-term borrowings		1,100			1,748			2,131			2,854			2,772			(1,672	)		(60.3	)
Federal Home Loan Bank advances		2,414			3,188			3,139			3,412			3,389			(975	)		(28.8	)
Subordinated notes and other long-term debt		4,611			4,252			4,382			3,928			3,814			797			20.9

Total interest bearing liabilities		40,770			41,566			42,375			43,160			42,872			(2,102	)		(4.9	)

All other liabilities		614			817			882			961			1,102			(488	)		(44.3	)
Shareholders’ equity		7,225			7,019			6,323			6,357			5,877			1,348			22.9

Total Liabilities and Shareholders’ Equity	$	54,153		$	54,607		$	54,660		$	55,539		$	54,885		$	(732	)		(1.3	)%


⁽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⁾
	2009			2008
Fully taxable equivalent basis ⁽¹⁾	First			Fourth			Third			Second			First

Assets
Interest bearing deposits in banks		0.45	%		1.44	%		2.17	%		2.77	%		3.97	%
Trading account securities		4.04			5.32			5.45			5.13			5.27
Federal funds sold and securities purchased under resale agreements		0.20			0.24			2.02			2.08			3.07
Loans held for sale		5.04			6.58			6.54			5.98			5.41
Investment securities:
Taxable		5.64			5.74			5.54			5.50			5.71
Tax-exempt		6.19			7.02			6.80			6.77			6.75

Total investment securities		5.71			5.94			5.73			5.69			5.88
Loans and leases:⁽³⁾
Commercial:
Commercial and industrial		4.60			5.01			5.46			5.53			6.32
Commercial real estate:
Construction		2.76			4.55			4.69			4.81			5.86
Commercial		3.76			5.07			5.33			5.47			6.27

Commercial real estate		3.55			4.96			5.19			5.32			6.18

Total commercial		4.15			4.99			5.35			5.45			6.27

Consumer:
Automobile loans		7.20			7.17			7.13			7.12			7.25
Automobile leases		6.03			5.82			5.70			5.59			5.53

Automobile loans and leases		7.06			6.98			6.89			6.81			6.82
Home equity		5.13			5.87			6.19			6.43			7.21
Residential mortgage		5.71			5.84			5.83			5.78			5.86
Other loans		8.97			9.25			9.71			9.98			10.43

Total consumer		5.92			6.28			6.41			6.48			6.84

Total loans and leases		4.90			5.53			5.80			5.89			6.51

Total earning assets		4.99	%		5.57	%		5.77	%		5.85	%		6.40	%


Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		0.14			0.34			0.51			0.55			0.82
Money market deposits		1.02			1.31			1.66			1.76			2.83
Savings and other domestic deposits		1.45			1.66			1.74			1.83			2.27
Core certificates of deposit		3.82			4.02			4.05			4.37			4.68

Total core deposits		2.27			2.49			2.57			2.67			3.18
Other domestic deposits of $100,000 or more		2.96			3.38			3.47			3.77			4.38
Brokered deposits and negotiable CDs		2.97			3.39			3.37			3.38			4.43
Deposits in foreign offices		0.17			0.90			1.49			1.66			2.16

Total deposits		2.33			2.58			2.66			2.78			3.36
Short-term borrowings		0.25			0.85			1.42			1.66			2.78
Federal Home Loan Bank advances		1.03			3.04			2.92			3.01			3.94
Subordinated notes and other long-term debt		3.29			4.49			4.29			4.21			5.12

Total interest bearing liabilities		2.31	%		2.74	%		2.79	%		2.85	%		3.53	%


Net interest rate spread		2.68	%		2.83	%		2.98	%		3.00	%		2.87	%
Impact of non-interest bearing funds on margin		0.29			0.35			0.31			0.29			0.36

Net interest margin		2.97	%		3.18	%		3.29	%		3.29	%		3.23	%


⁽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
Selected Quarterly Income Statement Data ⁽¹⁾
(Unaudited)


	2009			2008												1Q09 vs 1Q08
(in thousands, except per share amounts)	First			Fourth			Third			Second			First			Amount			Percent

Interest income	$	569,957		$	662,508		$	685,728		$	696,675		$	753,411		$	(183,454	)		(24.3	)%
Interest expense		232,452			286,143			297,092			306,809			376,587			(144,135	)		(38.3	)

Net interest income		337,505			376,365			388,636			389,866			376,824			(39,319	)		(10.4	)
Provision for credit losses		291,837			722,608			125,392			120,813			88,650			203,187			N.M.

Net interest income (loss) after provision for credit losses		45,668			(346,243	)		263,244			269,053			288,174			(242,506	)		(84.2	)

Service charges on deposit accounts		69,878			75,247			80,508			79,630			72,668			(2,790	)		(3.8	)
Brokerage and insurance income		39,948			31,233			34,309			35,694			36,560			3,388			9.3
Trust services		24,810			27,811			30,952			33,089			34,128			(9,318	)		(27.3	)
Electronic banking		22,482			22,838			23,446			23,242			20,741			1,741			8.4
Bank owned life insurance income		12,912			13,577			13,318			14,131			13,750			(838	)		(6.1	)
Automobile operating lease income		13,228			13,170			11,492			9,357			5,832			7,396			N.M.
Mortgage banking income (loss)		35,418			(6,747	)		10,302			12,502			(7,063	)		42,481			N.M.
Securities gains (losses)		2,067			(127,082	)		(73,790	)		2,073			1,429			638			44.6
Other income		18,359			17,052			37,320			26,712			57,707			(39,348	)		(68.2	)

Total non-interest income		239,102			67,099			167,857			236,430			235,752			3,350			1.4

Personnel costs		175,932			196,785			184,827			199,991			201,943			(26,011	)		(12.9	)
Outside data processing and other services		32,432			31,230			32,386			30,186			34,361			(1,929	)		(5.6	)
Net occupancy		29,188			22,999			25,215			26,971			33,243			(4,055	)		(12.2	)
Equipment		20,410			22,329			22,102			25,740			23,794			(3,384	)		(14.2	)
Amortization of intangibles ⁽²⁾		2,619,848			19,187			19,463			19,327			18,917			2,600,931			N.M.
Professional services		18,253			17,420			13,405			13,752			9,090			9,163			N.M.
Marketing		8,225			9,357			7,049			7,339			8,919			(694	)		(7.8	)
Automobile operating lease expense		10,931			10,483			9,093			7,200			4,506			6,425			N.M.
Telecommunications		5,890			5,892			6,007			6,864			6,245			(355	)		(5.7	)
Printing and supplies		3,572			4,175			4,316			4,757			5,622			(2,050	)		(36.5	)
Other expense		45,088			50,237			15,133			35,676			23,841			21,247			89.1

Total non-interest expense		2,969,769			390,094			338,996			377,803			370,481			2,599,288			N.M.

(Loss) Income before income taxes		(2,684,999	)		(669,238	)		92,105			127,680			153,445			(2,838,444	)		N.M.
(Benefit) Provision for income taxes		(251,792	)		(251,949	)		17,042			26,328			26,377			(278,169	)		N.M.

Net (loss) income	$	(2,433,207	)	$	(417,289	)	$	75,063		$	101,352		$	127,068		$	(2,560,275	)		N.M.


Dividends declared on preferred shares		58,793			23,158			12,091			11,151			—			58,793			—


Net (loss) income applicable to common shares	$	(2,492,000	)	$	(440,447	)	$	62,972		$	90,201		$	127,068			(2,619,068	)		N.M.	%


Average common shares — basic		366,919			366,054			366,124			366,206			366,235			684			0.2	%
Average common shares — diluted ⁽³⁾		366,919			366,054			367,361			367,234			367,208			(289	)		(0.1	)

Per common share
Net (loss) income — basic	$	(6.79	)	$	(1.20	)	$	0.17		$	0.25		$	0.35		$	(7.14	)		N.M.	%
Net (loss) income — diluted		(6.79	)		(1.20	)		0.17			0.25		$	0.35		$	(7.14	)		N.M.
Cash dividends declared		0.0100			0.1325			0.1325			0.1325			0.265			(0.255	)		(96.2	)

Return on average total assets		(18.22	)%		(3.04	)%		0.55	%		0.73	%		0.93	%		(19.15	)%		N.M.
Return on average total shareholders’ equity		N.M.			(23.6	)		4.7			6.4			8.7			(8.7	)		N.M.
Return on average tangible shareholders’ equity ⁽⁴⁾		18.4			(43.2	)		11.6			15.0			22.0			(3.6	)		(16.4	)
Net interest margin ⁽⁵⁾		2.97			3.18			3.29			3.29			3.23			(0.26	)		(8.0	)
Efficiency ratio ⁽⁶⁾		60.5			64.6			50.3			56.9			57.0			3.5			6.1
Effective tax rate (benefit)		(9.4	)		(37.6	)		18.5			20.6			17.2			(26.6	)		N.M.

Revenue — fully taxable equivalent (FTE)
Net interest income	$	337,505		$	376,365		$	388,636		$	389,866		$	376,824		$	(39,319	)		(10.4	)
FTE adjustment		3,582			3,641			5,451			5,624			5,502			(1,920	)		(34.9	)

Net interest income⁽⁵⁾		341,087			380,006			394,087			395,490			382,326			(41,239	)		(10.8	)
Non-interest income		239,102			67,099			167,857			236,430			235,752			3,350			1.4

Total revenue⁽⁵⁾	$	580,189		$	447,105		$	561,944		$	631,920		$	618,078		$	(37,889	)		(6.1	)%


N.M., not a meaningful value.

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

⁽²⁾		The 2009 first quarter included goodwill impairment totaling $2.6 billion. Refer to “Significant Items”.

⁽³⁾		For the three-month periods ended March 31, 2009, December 31, 2008, September 30, 2008, and June 30, 2008, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation. It was excluded because the result would have been higher than basic earnings per common share (anti-dilutive) for the period.

⁽⁴⁾		Net income (loss) excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average stockholders’ equity less equals average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁵⁾		On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁶⁾		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)


	2009			2008												1Q09 vs 1Q08
(in thousands, except as noted)	First			Fourth			Third			Second			First			Amount			Percent

Mortgage Banking Income
Origination and secondary marketing	$	29,965		$	7,180		$	7,647		$	13,098		$	9,332		$	20,633			N.M.	%
Servicing fees		11,840			11,660			11,838			11,166			10,894			946			8.7
Amortization of capitalized servicing⁽¹⁾		(12,285	)		(6,462	)		(6,234	)		(7,024	)		(6,914	)		(5,371	)		(77.7	)
Other mortgage banking income		9,404			2,959			3,519			5,959			4,331			5,073			N.M.

Sub-total		38,924			15,337			16,770			23,199			17,643			21,281			N.M.
MSR valuation adjustment ⁽¹⁾		(10,389	)		(63,355	)		(10,251	)		39,031			(18,093	)		7,704			(42.6	)
Net trading gains (losses) related to MSR hedging		6,883			41,271			3,783			(49,728	)		(6,613	)		13,496			N.M.

Total mortgage banking income (loss)	$	35,418		$	(6,747	)	$	10,302		$	12,502		$	(7,063	)	$	42,481			N.M.	%


Average trading account securities used to hedge MSRs (in millions)	$	223		$	857		$	941		$	1,190		$	1,139
Capitalized mortgage servicing rights⁽²⁾		167,838			167,438			230,398			240,024			191,806		$	(23,968	)		(12.5)	%
Total mortgages serviced for others (in millions)⁽²⁾		16,315			15,754			15,741			15,770			15,138			1,177			7.8
MSR % of investor servicing portfolio		1.03	%		1.06	%		1.46	%		1.52	%		1.27	%		(0.24	)%		(18.9	)


Net Impact of MSR Hedging
MSR valuation adjustment⁽¹⁾	$	(10,389	)	$	(63,355	)	$	(10,251	)	$	39,031		$	(18,093	)	$	7,704			(42.6)	%
Net trading gains (losses) related to MSR hedging		6,883			41,271			3,783			(49,728	)		(6,613	)		13,496			N.M.
Net interest income related to MSR hedging		2,441			9,473			8,368			9,364			5,934			(3,493	)		(58.9	)

Net impact of MSR hedging	$	(1,065	)	$	(12,611	)	$	1,900		$	(1,333	)	$	(18,772	)	$	17,707			(94.3)	%


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)


	2009			2008
(in thousands)	First			Fourth			Third			Second			First

Allowance for loan and lease losses, beginning of period	$	900,227		$	720,738		$	679,403		$	627,615		$	578,442

Loan and lease losses		(353,005	)		(571,053	)		(96,388	)		(78,084	)		(60,804	)
Recoveries of loans previously charged off		11,514			10,433			12,637			12,837			12,355

Net loan and lease losses		(341,491	)		(560,620	)		(83,751	)		(65,247	)		(48,449	)

Provision for loan and lease losses		289,001			728,046			125,086			117,035			97,622
Economic reserve transfer		—			12,063			—			—			—
Allowance of assets sold		(9,188	)		—			—			—			—

Allowance for loan and lease losses, end of period	$	838,549		$	900,227		$	720,738		$	679,403		$	627,615


Allowance for unfunded loan commitments and letters of credit, beginning of period	$	44,139		$	61,640		$	61,334		$	57,556		$	66,528

Provision for (Reduction in) unfunded loan commitments and letters of credit losses		2,836			(5,438	)		306			3,778			(8,972	)
Economic reserve transfer		—			(12,063	)		—			—			—

Allowance for unfunded loan commitments and letters of credit, end of period	$	46,975		$	44,139		$	61,640		$	61,334		$	57,556


Total allowances for credit losses	$	885,524		$	944,366		$	782,378		$	740,737		$	685,171


Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.12	%		2.19	%		1.75	%		1.66	%		1.53	%
Nonaccrual loans and leases (NALs)		54			60			123			127			166
Nonperforming assets (NPAs)		47			55			107			109			121

Total allowances for credit losses (ACL) as % of:
Total loans and leases		2.24	%		2.30	%		1.90	%		1.80	%		1.67	%
Nonaccrual loans and leases		57			63			134			138			182
Nonperforming assets		50			58			116			119			132

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


	2009			2008
(in thousands)	First			Fourth			Third			Second			First


Net charge-offs by loan and lease type:
Commercial and industrial	$	210,648	⁽¹⁾	$	473,426	⁽²⁾	$	29,646		$	12,361		$	10,732
Commercial real estate:
Construction		25,642			2,390			3,539			575			122
Commercial		57,139			35,991			7,446			14,524			4,153

Commercial real estate		82,781			38,381			10,985			15,099			4,275

Total commercial		293,429			511,807			40,631			27,460			15,007

Consumer:
Automobile loans		14,971			14,885			9,813			8,522			8,008
Automobile leases		3,086			3,666			3,532			2,928			3,211

Automobile loans and leases		18,057			18,551			13,345			11,450			11,219
Home equity		17,680			19,168			15,828			17,345			15,215
Residential mortgage		6,298			7,328			6,706			4,286			2,927
Other loans		6,027			3,766			7,241			4,706			4,081

Total consumer		48,062			48,813			43,120			37,787			33,442


Total net charge-offs	$	341,491		$	560,620		$	83,751		$	65,247		$	48,449


Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial ^(1),(2)		6.22	%		13.78	%		0.87	%		0.36	%		0.32	%
Commercial real estate:
Construction		5.05			0.45			0.68			0.11			0.02
Commercial		2.83			1.77			0.39			0.77			0.23

Commercial real estate		3.27			1.50			0.45			0.63			0.18

Total commercial		4.96			8.54			0.69			0.47			0.27

Consumer:
Automobile loans		1.56			1.53			1.02			0.94			0.97
Automobile leases		2.39			2.31			1.84			1.28			1.18

Automobile loans and leases		1.66			1.64			1.15			1.01			1.02
Home equity		0.93			1.02			0.85			0.94			0.84
Residential mortgage		0.55			0.62			0.56			0.33			0.22
Other loans		3.59			2.22			4.32			2.69			2.29

Total consumer		1.12			1.12			0.98			0.85			0.75


Net charge-offs as a % of average loans		3.34	%		5.41	%		0.82	%		0.64	%		0.48	%


⁽¹⁾		The 2009 first quarter included charge-offs totaling $128,338 thousand associated with the Franklin restructuring.

⁽²⁾		The 2008 fourth quarter included charge-offs totaling $423,269 thousand associated with Franklin.

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


	2009			2008
(in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,

Nonaccrual loans and leases (NALs):
Commercial and industrial ⁽¹⁾	$	398,286		$	932,648		$	174,207		$	161,345		$	101,842
Commercial real estate		629,886			445,717			298,844			261,739			183,000
Residential mortgage⁽¹⁾		486,955			98,951			85,163			82,882			66,466
Home equity		37,967			24,831			27,727			29,076			26,053

Total nonaccrual loans and leases		1,553,094			1,502,147			585,941			535,042			377,361
Other real estate, net:
Residential⁽¹⁾		143,856			63,058			59,302			59,119			63,675
Commercial		66,906			59,440			14,176			13,259			10,181

Total other real estate, net		210,762			122,498			73,478			72,378			73,856
Impaired loans held for sale ⁽²⁾		11,887			12,001			13,503			14,759			66,353
Other NPAs ⁽³⁾		—			—			2,397			2,557			2,836

Total nonperforming assets	$	1,775,743		$	1,636,646		$	675,319		$	624,736		$	520,406


Nonperforming Franklin loans ⁽¹⁾
Commercial	$	—		$	650,225		$	—		$	—		$	—
Residential mortgage		360,106			—			—			—			—
OREO		79,596			—			—			—			—
Home Equity		6,000			—			—			—			—

Total nonperforming Franklin loans	$	445,702		$	650,225		$	—		$	—		$	—


Nonaccrual loans and leases as a % of total loans and leases (NAL ratio)		3.93	%		3.66	%		1.42	%		1.30	%		0.92	%

NPA ratio ⁽⁴⁾		4.46			3.97			1.64			1.52			1.26


	2009			2008
(in thousands)	First			Fourth			Third			Second			First

Nonperforming assets, beginning of period	$	1,636,646		$	675,319		$	624,736		$	520,406		$	472,902
New nonperforming assets		622,515			509,320			175,345			256,308			141,090
Franklin impact, net ⁽¹⁾		(204,523	)		650,225			—			—			—
Returns to accruing status		(36,056	)		(13,756	)		(9,104	)		(5,817	)		(13,484	)
Loan and lease losses		(172,416	)		(100,335	)		(52,792	)		(40,808	)		(27,896	)
Payments		(61,452	)		(66,536	)		(43,319	)		(46,091	)		(38,746	)
Sales		(8,971	)		(17,591	)		(19,547	)		(59,262	)		(13,460	)

Nonperforming assets, end of period	$	1,775,743		$	1,636,646		$	675,319		$	624,736		$	520,406

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	228,260		$	271,521		$	248,087		$	190,923		$	200,231

Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.58	%		0.66	%		0.60	%		0.47	%		0.49	%

Accruing loans and leases past due 90 days or more, excluding loans guaranteed by the U.S. government	$	139,709		$	188,945		$	179,358		$	125,902		$	142,328

Accruing loans and leases past due 90 days or more, excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.35	%		0.46	%		0.44	%		0.31	%		0.35	%

Accruing restructured loans
Commercial ⁽¹⁾	$	201,508		$	185,333		$	364,939		$	368,379		$	1,157,361
Residential mortgage		108,011			82,857			71,512			57,802			45,608
Other		45,061			38,227			35,008			29,349			14,215

Total accruing restructured loans	$	354,580		$	306,417		$	471,459		$	455,530		$	1,217,184


⁽¹⁾		Franklin loans were reported as accruing restructured commercial loans for the three-month periods ended March 31, 2008, June 30, 2008, and September 30, 2008. For the three-month period ended December 31, 2008, Franklin loans were reported as nonaccruing commercial and industrial loans. For the three-month period ended March 31, 2009, nonaccruing Franklin loans were reported as residential mortgage loans, home equity loans, and OREO; reflecting the 2009 first quarter restructuring.

⁽²⁾		Represent impaired loans obtained from the Sky Financial acquisition. Held for sale loans are carried at the lower of cost or fair value less costs to sell. The decline from March 31, 2008 to June 30, 2008 was primarily due to the sale of these loans.

⁽³⁾		Other NPAs represent certain investment securities backed by mortgage loans to borrowers with lower FICO scores.

⁽⁴⁾		Nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, net other real estate, and other NPAs.

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

Quarterly common stock summary


	2009		2008
(in thousands, except per share amounts)	First		Fourth		Third		Second		First


Common stock price, per share
High ⁽¹⁾	$	8.000	$	11.650	$	13.500	$	11.750	$	14.870
Low⁽¹⁾		1.000		5.260		4.370		4.940		9.640
Close		1.660		7.660		7.990		5.770		10.750
Average closing price		2.733		8.276		7.510		8.783		12.268

Dividends, per share
Cash dividends declared per common share	$	0.0100	$	0.1325	$	0.1325	$	0.1325	$	0.2650

Common shares outstanding
Average — basic		366,919		366,054		366,124		366,206		366,235
Average — diluted ⁽²⁾		366,919		366,054		367,361		367,234		367,208
Ending		390,682		366,058		366,069		366,197		366,226
Book value per common share	$	7.80	$	14.62	$	15.86	$	15.88	$	16.13
Tangible book value per common share ⁽³⁾		6.08		5.64		6.85		6.83		7.09

Capital data


	2009						2008
(in millions)	March 31,			December 31,			September 30,			June 30,			March 31,

Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	4,815		$	7,229		$	6,376		$	6,383		$	5,909
Less: goodwill		(452	)		(3,055	)		(3,056	)		(3,057	)		(3,047	)
Less: other intangible assets		(340	)		(357	)		(376	)		(395	)		(409	)
Add: related deferred tax liability ⁽³⁾		119			125			132			138			143

Total tangible equity		4,142			3,942			3,075			3,070		$	2,595
Less: Preferred equity		(1,768	)		(1,878)			(569	)		(569	)		—

Total tangible common equity	$	2,374		$	2,064		$	2,506		$	2,501		$	2,595


Total assets	$	51,702		$	54,353		$	54,661		$	55,334		$	56,052
Less: goodwill		(452	)		(3,055	)		(3,056	)		(3,057	)		(3,047	)
Less: other intangible assets		(340	)		(357	)		(376	)		(395	)		(409	)
Add: related deferred tax liability ⁽³⁾		119			125			132			138			143

Total tangible assets	$	51,029		$	51,066		$	51,360		$	52,020		$	52,739


Tangible equity / asset ratio		8.12	%		7.72	%		5.99	%		5.90	%		4.92	%
Tangible common equity / asset ratio		4.65			4.04			4.88			4.81			4.92

Other capital data:
Total risk-weighted assets	$	45,768		$	46,994		$	46,608		$	46,602		$	46,546

Tier 1 leverage ratio⁽⁴⁾		9.47	%		9.82	%		7.99	%		7.88	%		6.83	%
Tier 1 risk-based capital ratio⁽⁴⁾		11.03			10.72			8.80			8.82			7.56
Total risk-based capital ratio⁽⁴⁾		14.19			13.91			12.03			12.05			10.87

Tangible equity / risk-weighted assets ratio		9.05			8.39			6.60			6.59			5.58
Tangible common equity / risk-weighted assets ratio		5.19			4.39			5.38			5.37			5.58

Other data:
Number of employees (full-time equivalent)		10,533			10,951			10,901			11,251			11,787
Number of domestic full-service banking offices⁽⁵⁾		608			613			612			625			627


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

⁽²⁾		For the three-month periods ended March 31, 2009, December 31, 2008, September 30, 2008, and June 30, 2008, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation. It was excluded because the result would have been higher than basic earnings per common share (anti-dilutive) for the periods.

⁽³⁾		Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾		At end of period. March 31, 2009 ratios 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.

⁽⁵⁾		Includes 9 Private Financial Group offices.


Consolidated Balance Sheets			1
Loans and Leases Composition			2
Deposits Composition			3
Consolidated Quarterly Average Balance Sheets			4
Consolidated Quarterly Net Interest Margin Analysis			5
Selected Quarterly Income Statement Data			6
Quarterly Mortgage Banking Income			7
Quarterly Credit Reserves Analysis			8
Quarterly Net Charge-Off Analysis			9
Quarterly Nonaccrual Loans (NALs), Nonperforming Assets (NPAs) and Past Due Loans and Leases			10
Quarterly Common Stock Summary, Capital, and Other Data			11