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

Parent Company Financial Statements (Tables)

3 Months Ended

Mar. 31, 2013

Balance Sheets		March 31,		December 31,
(dollar amounts in thousands)		2013		2012
Assets
Cash and cash equivalents	$	964,693	$	921,471
Due from The Huntington National Bank		108,115		207,414
Due from non-bank subsidiaries		71,502		78,006
Investment in The Huntington National Bank		4,902,675		4,754,886
Investment in non-bank subsidiaries		785,630		774,055
Accrued interest receivable and other assets		153,970		131,358
Total assets	$	6,986,585	$	6,867,190

Liabilities and Shareholders' Equity
Short-term borrowings	$	---	$	---
Long-term borrowings		709,211		662,894
Dividends payable, accrued expenses, and other liabilities		410,236		414,085
Total liabilities		1,119,447		1,076,979
Shareholders' equity (1)		5,867,138		5,790,211
Total liabilities and shareholders' equity	$	6,986,585	$	6,867,190

(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)				2013		2012
Income
	Dividends from
		The Huntington National Bank	$	---	$	---
		Non-bank subsidiaries		---		8,450
	Interest from
		The Huntington National Bank		4,152		12,886
		Non-bank subsidiaries		821		1,633
	Other			396		413
Total income				5,369		23,382

Expense
	Personnel costs			13,413		9,713
	Interest on borrowings			6,117		9,179
	Other			5,064		7,579
Total expense				24,594		26,471

Income (loss) before income taxes and equity in undistributed net income of subsidiaries				(19,225)		(3,089)
Income taxes (benefit)				(7,852)		(11,092)
Income (loss) before equity in undistributed net income of subsidiaries				(11,373)		8,003
Increase in undistributed net income of:
	The Huntington National Bank			155,636		142,424
	Non-bank subsidiaries			7,517		2,843
Net income			$	151,780	$	153,270

Other comprehensive income (loss) (1)				(9,138)		15,947
Comprehensive income			$	142,642	$	169,217

⁽¹⁾See 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)				2013		2012

Operating activities
	Net income		$	151,780	$	153,270
	Adjustments to reconcile net income to net cash provided by operating activities
		Equity in undistributed net income of subsidiaries		(167,048)		(157,910)
		Depreciation and amortization		70		63
		Other, net		20,857		(4,600)
Net cash provided by (used for) operating activities				5,659		(9,177)

Investing activities
	Repayments from subsidiaries			112,469		114,793
	Advances to subsidiaries			(1,250)		(8,043)
Net cash provided by (used for) investing activities				111,219		106,750

Financing activities
	Dividends paid on stock			(41,656)		(42,351)
	Repurchases of common stock			(33,600)		---
	Other, net			1,600		216
Net cash provided by (used for) financing activities				(73,656)		(42,135)
Change in cash and cash equivalents				43,222		55,438
Cash and cash equivalents at beginning of period				921,471		917,954
Cash and cash equivalents at end of period			$	964,693	$	973,392

Supplemental disclosure:
	Interest paid		$	6,117	$	9,179