Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Parent Company Financial Statements (Tables)

3 Months Ended

Mar. 31, 2014

Balance Sheets		March 31,		December 31,
(dollar amounts in thousands)		2014		2013
Assets
Cash and cash equivalents	$	765,465	$	966,065
Due from The Huntington National Bank		246,841		246,841
Due from non-bank subsidiaries		58,795		57,747
Investment in The Huntington National Bank		5,803,570		5,537,582
Investment in non-bank subsidiaries		593,887		587,388
Accrued interest receivable and other assets		307,759		286,037
Total assets	$	7,776,317	$	7,681,660

Liabilities and Shareholders' Equity
Long-term borrowings		1,040,720		1,034,266
Dividends payable, accrued expenses, and other liabilities		559,363		557,240
Total liabilities		1,600,083		1,591,506
Shareholders' equity (1)		6,176,234		6,090,154
Total liabilities and shareholders' equity	$	7,776,317	$	7,681,660

(1) See Huntington’s Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity.

				Three Months Ended
Statements of Income				March 31,
(dollar amounts in thousands)				2014		2013
Income
	Dividends from
		The Huntington National Bank	$	---	$	---
		Non-bank subsidiaries		1,819		---
	Interest from
		The Huntington National Bank		997		4,152
		Non-bank subsidiaries		699		821
	Other			1,602		396
Total income				5,117		5,369

Expense
	Personnel costs			11,177		13,413
	Interest on borrowings			4,252		6,117
	Other			15,997		5,064
Total expense				31,426		24,594

Income (loss) before income taxes and equity in undistributed net income of subsidiaries				(26,309)		(19,225)
Income taxes (benefit)				(14,347)		(4,937)
Income (loss) before equity in undistributed net income of subsidiaries				(11,962)		(14,288)
Increase in undistributed net income of:
	The Huntington National Bank			157,229		160,045
	Non-bank subsidiaries			3,876		7,517
Net income			$	149,143	$	153,274

Other comprehensive income (loss) (1)				12,262		(9,138)
Comprehensive income			$	161,405	$	144,136

⁽¹⁾See Huntington's Unaudited Condensed Consolidated Statements of Comprehensive Income for other comprehensive income
(loss) detail.

				Three Months Ended
Statements of Cash Flows				March 31,
(dollar amounts in thousands)				2014		2013

Operating activities
	Net income		$	149,143	$	153,274
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		(165,501)		(167,048)
		Depreciation and amortization		110		70
		Other, net		1,464		19,363
Net cash provided by (used for) operating activities				(14,784)		5,659

Investing activities
	Repayments from subsidiaries			2,685		112,469
	Advances to subsidiaries			(350)		(1,250)
	Cash paid for acquisition, net of cash received			(13,452)		---
Net cash provided by (used for) investing activities				(11,117)		111,219

Financing activities
	Dividends paid on stock			(49,110)		(41,656)
	Repurchases of common stock			(136,137)		(33,600)
	Proceeds from issuance of common stock			2,597		---
	Other, net			7,951		1,600
Net cash provided by (used for) financing activities				(174,699)		(73,656)
Change in cash and cash equivalents				(200,600)		43,222
Cash and cash equivalents at beginning of period				966,065		921,471
Cash and cash equivalents at end of period			$	765,465	$	964,693

Supplemental disclosure:
	Interest paid		$	4,252	$	6,117