Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
3 Months Ended
Sep. 30, 2012
Shareholders' Equity [Abstract]  
SHAREHOLDERS' EQUITY

9. SHAREHOLDERS' EQUITY

 

Share Repurchase Program

 

On March 14, 2012, Huntington Bancshares Incorporated announced that the Federal Reserve did not object to Huntington's proposed capital actions included in Huntington's capital plan submitted to the Federal Reserve in January of this year. These actions included the potential repurchase of up to $182 million of common stock and a continuation of Huntington's current common dividend through the first quarter of 2013. Huntington's board of directors authorized a share repurchase program consistent with Huntington's capital plan. During the three-month and nine-month periods ended September 30, 2012, Huntington repurchased a total of 3.7 million and 10.2 million shares of common stock, respectively, at a weighted average share price of $6.68 and $6.42, respectively. Huntington did not repurchase any shares of common stock during 2011.