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

Parent Company Financial Statements (Tables)

3 Months Ended

Jun. 30, 2014

Balance Sheets		June 30,		December 31,
(dollar amounts in thousands)		2014		2013
Assets
Cash and cash equivalents	$	746,251	$	966,065
Due from The Huntington National Bank		249,628		246,841
Due from non-bank subsidiaries		54,215		57,747
Investment in The Huntington National Bank		5,950,343		5,537,582
Investment in non-bank subsidiaries		600,231		587,388
Accrued interest receivable and other assets		283,386		286,036
Total assets	$	7,884,054	$	7,681,659

Liabilities and Shareholders' Equity
Long-term borrowings		1,046,556		1,034,266
Dividends payable, accrued expenses, and other liabilities		596,707		557,240
Total liabilities		1,643,263		1,591,506
Shareholders' equity (1)		6,240,791		6,090,153
Total liabilities and shareholders' equity	$	7,884,054	$	7,681,659

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

					Three Months Ended				Six Months Ended
	Statements of Income				June 30,				June 30,
	(dollar amounts in thousands)				2014		2013		2014		2013
	Income
		Dividends from
			The Huntington National Bank	$	75,000	$	---	$	75,000	$	---
			Non-bank subsidiaries		1,822		---		3,641		---
		Interest from
			The Huntington National Bank		957		936		1,954		5,087
			Non-bank subsidiaries		669		796		1,368		1,618
		Other			703		517		2,305		913
	Total income				79,151		2,249		84,268		7,618

	Expense
		Personnel costs			13,968		14,797		25,145		28,210
		Interest on borrowings			4,253		2,433		8,505		8,550
		Other			13,056		9,803		29,053		14,867
	Total expense				31,277		27,033		62,703		51,627

	Income (loss) before income taxes and equity in undistributed
		net income of subsidiaries			47,874		(24,784)		21,565		(44,009)
	Provision (benefit) for income taxes				(14,630)		(6,164)		(28,977)		(14,016)
	Income (loss) before equity in undistributed net income of subsidiaries				62,504		(18,620)		50,542		(29,993)
	Increase (decrease) in undistributed net income of:
		The Huntington National Bank			95,958		163,750		253,187		320,880
		Non-bank subsidiaries			6,157		5,870		10,033		13,387
	Net income			$	164,619	$	151,000	$	313,762	$	304,274

	Other comprehensive income (loss) (1)				42,020		(123,781)		54,282		(132,919)
	Comprehensive income			$	206,639	$	27,219	$	368,044	$	171,355

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

				Six Months Ended
Statements of Cash Flows				June 30,
(dollar amounts in thousands)				2014		2013

Operating activities
	Net income		$	313,762	$	304,274
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		(262,747)		(340,189)
		Depreciation and amortization		244		143
		Other, net		72,005		45,713
Net cash provided by (used for) operating activities				123,264		9,941

Investing activities
	Repayments from subsidiaries			5,650		227,987
	Advances to subsidiaries			(750)		(2,150)
	Cash paid for acquisition, net of cash received			(13,452)		---
Net cash provided by (used for) investing activities				(8,552)		225,837

Financing activities
	Payment of borrowings			---		(50,000)
	Dividends paid on stock			(98,513)		(83,512)
	Repurchases of common stock			(246,989)		(108,798)
	Proceeds from issuance of common stock			2,597		---
	Other, net			8,379		6,160
Net cash provided by (used for) financing activities				(334,526)		(236,150)
Change in cash and cash equivalents				(219,814)		(372)
Cash and cash equivalents at beginning of period				966,065		921,471
Cash and cash equivalents at end of period			$	746,251	$	921,099

Supplemental disclosure:
	Interest paid		$	8,505	$	8,550