EXHIBIT 99.
HUNTINGTON BANCSHARES INCORPORATED
RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30 JUNE 30
--------------------- ---------------------
1999 1998 1999 1998
-------- -------- -------- --------
EXCLUDING INTEREST ON DEPOSITS
Income before taxes ..................... $155,260 $135,812 $297,242 $267,456
Fixed charges:
Interest expense .................. 84,184 81,686 164,050 167,066
Interest factor of rent expense ... 1,609 2,380 4,074 4,646
-------- -------- -------- --------
Total fixed charges ............ 85,793 84,066 168,124 171,712
-------- -------- -------- --------
Earnings ................................ $241,053 $219,878 $465,366 $439,168
======== ======== ======== ========
Fixed charges ........................... $ 85,793 $ 84,066 $168,124 $171,712
======== ======== ======== ========
RATIO OF EARNINGS
TO FIXED CHARGES 2.81X 2.62X 2.77X 2.56X
INCLUDING INTEREST ON DEPOSITS
Income before taxes ..................... $155,260 $135,812 $297,242 $267,456
Fixed charges:
Interest expense .................. 237,352 243,839 473,523 491,471
Interest factor of rent expense ... 1,609 2,380 4,074 4,646
-------- -------- -------- --------
Total fixed charges ............ 238,961 246,219 477,597 496,117
-------- -------- -------- --------
Earnings ................................ $394,221 $382,031 $774,839 $763,573
======== ======== ======== ========
Fixed charges ........................... $238,961 $246,219 $477,597 $496,117
======== ======== ======== ========
RATIO OF EARNINGS
TO FIXED CHARGES 1.65X 1.55X 1.62X 1.54X