Huntington Bancshares (HBAN) 10-Q 2009 Q3 Quarterly report

Exhibit 12.1

Ratio of Earnings to Fixed Charges

	(Unaudited)
	Nine Months Ended
	September 30,						Twelve Months Ended December 31,
(in thousands of dollars)	2009			2008			2008			2007			2006			2005			2004
Earnings:
(Loss) income before income taxes	$	(3,080,206	)	$	373,232		$	(296,008	)	$	22,643		$	514,061		$	543,574		$	552,666
Add: Fixed charges, excluding interest on deposits		122,849			271,413			351,672			431,320			345,253			243,239			191,648
Earnings available for fixed charges, excluding interest on deposits		(2,957,357	)		644,645			55,664			453,963			859,314			786,813			744,314
Add: Interest on deposits		525,243			721,734			931,679			1,026,388			717,167			446,919			257,099
Earnings available for fixed charges, including interest on deposits	$	(2,432,114	)	$	1,366,379		$	987,343		$	1,480,351		$	1,576,481		$	1,233,732		$	1,001,413
Fixed Charges:
Interest expense, excluding interest on deposits	$	111,341		$	258,754		$	334,952		$	415,063		$	334,175		$	232,435		$	178,842
Interest factor in net rental expense		11,508			12,659			16,720			16,257			11,078			10,804			12,806
Total fixed charges, excluding interest on deposits		122,849			271,413			351,672			431,320			345,253			243,239			191,648
Add: Interest on deposits		525,243			721,734			931,679			1,026,388			717,167			446,919			257,099
Total fixed charges, including interest on deposits	$	648,092		$	993,147		$	1,283,351		$	1,457,708		$	1,062,420		$	690,158		$	448,747
Ratio of Earnings to Fixed Charges
Excluding interest on deposits		(24.07	)x		2.38	x		0.16	x		1.05	x		2.49	x		3.23	x		3.88	x
Including interest on deposits		(3.75	)x		1.38	x		0.77	x		1.02	x		1.48	x		1.79	x		2.23	x