EXHIBIT 99. HUNTINGTON BANCSHARES INCORPORATED RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED MARCH 31, YEAR ENDED DECEMBER 31, ------------ -------------------------------------------------------------------- 1999 1998 1997 1996 1995 1994 ---- ---- ---- ---- ---- ---- EXCLUDING INTEREST ON DEPOSITS Income before taxes ........................ $141,982 $ 440,122 $ 459,164 $ 457,268 $ 429,084 $410,970 Fixed charges: Interest expense ..................... 79,916 305,838 308,122 299,962 318,192 174,143 Interest factor of rent expense ...... 2,465 10,237 9,572 9,166 8,657 9,034 -------- ---------- ---------- ---------- ---------- -------- Total fixed charges ............... 82,381 316,075 317,694 309,128 326,849 183,177 -------- ---------- ---------- ---------- ---------- -------- Earnings ................................... $224,363 $ 756,197 $ 776,858 $ 766,396 $ 755,933 $594,147 ======== ========== ========== ========== ========== ======== Fixed charges .............................. $ 82,381 $ 316,075 $ 317,694 $ 309,128 $ 326,849 $183,177 ======== ========== ========== ========== ========== ======== RATIO OF EARNINGS TO FIXED CHARGES ..................... 2.72X 2.39X 2.45X 2.48X 2.31X 3.24X INCLUDING INTEREST ON DEPOSITS Income before taxes ........................ $141,982 $ 440,122 $ 459,164 $ 457,268 $ 429,084 $410,970 Fixed charges: Interest expense ..................... 242,168 978,271 954,243 880,648 856,860 546,880 Interest factor of rent expense....... 2,465 10,237 9,572 9,166 8,657 9,034 -------- ---------- ---------- ---------- ---------- -------- Total fixed charges ............... 244,633 988,508 963,815 889,814 865,517 555,914 -------- ---------- ---------- ---------- ---------- -------- Earnings ................................... $386,615 $1,428,630 $1,422,979 $1,347,082 $1,294,601 $966,884 ======== ========== ========== ========== ========== ======== Fixed charges .............................. $244,633 $ 988,508 $ 963,815 $ 889,814 $ 865,517 $555,914 ======== ========== ========== ========== ========== ======== RATIO OF EARNINGS TO FIXED CHARGES ..................... 1.58X 1.45X 1.48X 1.51X 1.50X 1.74X