Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the quarterly results of operations, for the years ended December 31, 2015 and 2014:



	Three months ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in thousands, except per share data)	2015				2015				2015				2015
Interest income	$	544,153			$	538,477			$	529,795			$	502,096
Interest expense	47,242				43,022				39,109				34,411
Net interest income	496,911				495,455				490,686				467,685
Provision for credit losses	36,468				22,476				20,419				20,591
Noninterest income	272,215				253,119				281,773				231,623
Noninterest expense	498,766				526,508				491,777				458,857
Income before income taxes	233,892				199,590				260,263				219,860
Provision for income taxes	55,583				47,002				64,057				54,006
Net income	178,309				152,588				196,206				165,854
Dividends on preferred shares	7,972				7,968				7,968				7,965
Net income applicable to common shares	$	170,337			$	144,620			$	188,238			$	157,889
Net income per common share — Basic	$	0.21			$	0.18			$	0.23			$	0.19
Net income per common share — Diluted	0.21				0.18				0.23				0.19



	Three months ended
	December 31,				September 30,				June 30,				March 31,
(dollar amounts in thousands, except per share data)	2014				2014				2014				2014
Interest income	$	507,625			$	501,060			$	495,322			$	472,455
Interest expense	34,373				34,725				35,274				34,949
Net interest income	473,252				466,335				460,048				437,506
Provision for credit losses	2,494				24,480				29,385				24,630
Noninterest income	233,278				247,349				250,067				248,485
Noninterest expense	483,271				480,318				458,636				460,121
Income before income taxes	220,765				208,886				222,094				201,240
Provision for income taxes	57,151				53,870				57,475				52,097
Net income	163,614				155,016				164,619				149,143
Dividends on preferred shares	7,963				7,964				7,963				7,964
Net income applicable to common shares	$	155,651			$	147,052			$	156,656			$	141,179
Net income per common share — Basic	$	0.19			$	0.18			$	0.19			$	0.17
Net income per common share — Diluted	0.19				0.18				0.19				0.17