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

Parent Company Financial Statements (Tables)

3 Months Ended

Mar. 31, 2015

Balance Sheets		March 31,		December 31,
(dollar amounts in thousands)		2015		2014
Assets
Cash and cash equivalents	$	876,020	$	662,768
Due from The Huntington National Bank		276,847		276,851
Due from non-bank subsidiaries		49,994		51,129
Investment in The Huntington National Bank		5,956,496		6,073,408
Investment in non-bank subsidiaries		509,691		509,114
Accrued interest receivable and other assets		228,579		279,366
Total assets	$	7,897,627	$	7,852,636

Liabilities and shareholders' equity
Long-term borrowing	$	1,052,852	$	1,046,105
Dividends payable, accrued expenses, and other liabilities		382,821		478,361
Total liabilities		1,435,673		1,524,466
Shareholders' equity (1)		6,461,954		6,328,170
Total liabilities and shareholders' equity	$	7,897,627	$	7,852,636

(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)				2015		2014
Income
	Dividends from
		The Huntington National Bank	$	334,000	$	---
		Non-bank subsidiaries		3,333		1,819
	Interest from
		The Huntington National Bank		1,087		997
		Non-bank subsidiaries		595		699
	Other			334		1,602
Total income				339,349		5,117

Expense
	Personnel costs			---		11,177
	Interest on borrowings			4,277		4,252
	Other			15,809		15,997
Total expense				20,086		31,426

Income (loss) before income taxes and equity in undistributed net income of subsidiaries				319,263		(26,309)
Income taxes (benefit)				(33,535)		(14,347)
Income (loss) before equity in undistributed net income of subsidiaries				352,798		(11,962)
Equity in undistributed net income (loss) of:
	The Huntington National Bank			(187,400)		157,229
	Non-bank subsidiaries			456		3,876
Net income			$	165,854	$	149,143

Other comprehensive income (loss) (1)				61,460		12,262
Comprehensive income			$	227,314	$	161,405

⁽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)				2015		2014

Operating activities
	Net income		$	165,854	$	149,143
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		186,944		(165,501)
		Depreciation and amortization		144		110
		Other, net		(36,990)		1,464
Net cash provided by (used for) operating activities				315,952		(14,784)

Investing activities
	Repayments from subsidiaries			1,800		2,685
	Advances to subsidiaries			(70)		(350)
	Cash paid for acquisitions, net of cash received			---		(13,452)
Net cash provided by (used for) investing activities				1,730		(11,117)

Financing activities
	Dividends paid on stock			(56,703)		(49,110)
	Repurchases of common stock			(51,707)		(136,137)
	Proceeds from issuance of common stock			---		2,597
	Other, net			3,980		7,951
Net cash provided by (used for) financing activities				(104,430)		(174,699)
Change in cash and cash equivalents				213,252		(200,600)
Cash and cash equivalents at beginning of period				662,768		966,065
Cash and cash equivalents at end of period			$	876,020	$	765,465

Supplemental disclosure:
	Interest paid		$	4,277	$	4,252