Huntington Bancshares (HBAN) 8-K Reports First Quarter Net Income of $39.7 Million, or $0.01 Per Common Share

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
March 2010

Table of Contents

Consolidated Balance Sheets	1
Loans and Leases Composition	2
Deposits Composition	3
Consolidated Quarterly Average Balance Sheets	4
Consolidated Quarterly Net Interest Margin Analysis	5
Selected Quarterly Income Statement Data	6
Quarterly Mortgage Banking Income	7
Quarterly Credit Reserves Analysis	8
Quarterly Net Charge-Off Analysis	9
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	10
Quarterly Accruing Past Due Loans and Leases and Accruing Restructured Loans	11
Quarterly Common Stock Summary, Capital, and Other Data	12

Notes:

The preparation of financial statement data in conformity with accounting principals generally accepted in the United States requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Huntington Bancshares Incorporated
Consolidated Balance Sheets

										Change
	2010			2009						March ’10 vs ’09
(in thousands, except number of shares)	March 31,			December 31,			March 31,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	1,310,640		$	1,521,344		$	2,272,831		$	(962,191	)		(42	)%
Interest bearing deposits in banks		364,082			319,375			382,755			(18,673	)		(5	)
Trading account securities		150,463			83,657			83,554			66,909			80
Loans held for sale		327,408			461,647			481,447			(154,039	)		(32	)
Investment securities		8,946,364			8,587,914			4,908,332			4,038,032			82
Loans and leases (1)		36,931,681			36,790,663			39,548,364			(2,616,683	)		(7	)
Allowance for loan and lease losses		(1,477,969	)		(1,482,479	)		(838,549	)		(639,420	)		76
Net loans and leases		35,453,712			35,308,184			38,709,815			(3,256,103	)		(8	)
Bank owned life insurance		1,422,874			1,412,333			1,376,996			45,878			3
Premises and equipment		491,573			496,021			517,130			(25,557	)		(5	)
Goodwill		444,268			444,268			452,110			(7,842	)		(2	)
Other intangible assets		273,952			289,098			339,572			(65,620	)		(19	)
Accrued income and other assets		2,681,462			2,630,824			2,177,583			503,879			23
Total Assets	$	51,866,798		$	51,554,665		$	51,702,125		$	164,673			—	%
Liabilities and Shareholders’ Equity
Liabilities
Deposits(2)	$	40,303,467		$	40,493,927		$	39,070,273		$	1,233,194			3	%
Short-term borrowings		980,839			876,241			959,414			21,425			2
Federal Home Loan Bank advances		157,895			168,977			957,953			(800,058	)		(84	)
Other long-term debt		2,727,745			2,369,491			2,830,279			(102,534	)		(4	)
Subordinated notes		1,266,907			1,264,202			1,905,383			(638,476	)		(34	)
Accrued expenses and other liabilities		1,060,259			1,045,825			1,164,087			(103,828	)		(9	)
Total Liabilities		46,497,112			46,218,663			46,887,389			(390,277	)		(1	)
Equity
Huntington Bancshares Incorporated shareholders’ equity
Preferred stock — authorized 6,617,808 shares—
5.00% Series B Non-voting, Cumulative Preferred Stock, par value of $0.01 and liquidation value per share of $1,000		1,329,186			1,325,008			1,312,875			16,311			1
8.50% Series A Non-cumulative Perpetual Convertible Preferred Stock, par value and liquidiation value per share of $1,000		362,507			362,507			454,891			(92,384	)		(20	)
Common stock —
Par value of $0.01 and authorized 1,000,000,000 shares		7,174			7,167			3,916			3,258			83
Capital surplus		6,735,472			6,731,796			5,465,457			1,270,015			23
Less treasury shares at cost		(9,019	)		(11,465	)		(14,222	)		5,203			(37	)
Accumulated other comprehensive income (loss):
Unrealized losses on investment securities		(84,334	)		(103,382	)		(161,072	)		76,738			(48	)
Unrealized gains (losses) on cash flow hedging derivatives		62,163			58,865			43,580			18,583			43
Pension and other postretirement benefit adjustments		(111,302	)		(112,468	)		(162,097	)		50,795			(31	)
Retained (deficit) earnings		(2,922,161	)		(2,922,026	)		(2,128,592	)		(793,569	)		37
Total Shareholders’ Equity		5,369,686			5,336,002			4,814,736			554,950			12
Total Liabilities and Shareholders’ Equity	$	51,866,798		$	51,554,665		$	51,702,125		$	164,673			—	%
Common shares issued		717,382,476			716,741,249			391,595,609
Common shares outstanding		716,556,641			715,761,672			390,681,633
Treasury shares outstanding		825,835			979,577			913,976
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		1,760,578			1,760,578			1,852,962

(1)	See page 2 for detail of loans and leases.
(2)	See page 3 for detail of deposits.

1

Huntington Bancshares Incorporated
Loans and Leases Composition

	2010				2009
(in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	(Unaudited)								(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type
Commercial:(1)
Commercial and industrial(2)	$	12,245	33	%	$	12,888	35	%	$	12,547	34	%	$	13,320	35	%	$	13,768	35	%
Commercial real estate:
Construction		1,443	4			1,469	4			1,815	5			1,857	5			2,074	5
Commercial(2)		6,013	16			6,220	17			6,900	18			7,089	18			7,187	18
Commercial real estate(2)		7,456	20			7,689	21			8,715	23			8,946	23			9,261	23
Total commercial		19,701	53			20,577	56			21,262	57			22,266	58			23,029	58
Consumer:
Automobile loans		4,212	11			3,144	9			2,939	8			2,855	7			2,894	7
Automobile leases		191	1			246	1			309	1			383	1			468	1
Home equity		7,514	20			7,563	21			7,576	20			7,631	20			7,663	19
Residential mortgage		4,614	12			4,510	12			4,468	12			4,646	12			4,837	12
Other loans		700	3			751	1			750	2			714	2			657	3
Total consumer		17,231	47			16,214	44			16,042	43			16,229	42			16,519	42
Total loans and leases	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%	$	38,495	100	%	$	39,548	100	%
Ending Balances by Business Segment
Retail and Business Banking	$	14,347	39	%	$	14,394	39	%	$	14,435	39	%	$	14,871	39	%	$	15,116	38	%
Commercial Banking		7,310	20			7,439	20			7,677	21			7,830	20			8,163	21
Commercial Real Estate		7,152	19			7,525	20			7,947	21			8,232	21			8,506	22
Auto Finance and Dealer Services		5,582	15			4,609	13			4,330	12			4,559	12			4,835	12
Private Financial Group		2,047	6			2,380	7			2,450	6			2,531	7			2,434	6
Treasury / Other (3)		494	1			444	1			465	1			472	1			494	1
Total loans and leases	$	36,932	100	%	$	36,791	100	%	$	37,304	100	%	$	38,495	100	%	$	39,548	100	%

	2010				2009
	First				Fourth				Third				Second				First
Average Balances by Business Segment
Retail and Business Banking	$	14,294	39	%	$	14,319	39	%	$	14,553	38	%	$	14,847	38	%	$	15,289	37	%
Commercial Banking		7,382	20			7,539	20			7,805	21			8,011	21			8,287	20
Commercial Real Estate		7,358	20			7,857	21			8,151	22			8,426	22			8,500	21
Auto Finance and Dealer Services		5,456	15			4,494	12			4,381	12			4,725	12			5,833	14
Private Financial Group		2,059	5			2,425	7			2,494	6			2,509	6			2,328	6
Treasury / Other (3)		431	1			455	1			471	1			489	1			629	2
Total loans and direct financing leases	$	36,980	100	%	$	37,089	100	%	$	37,855	100	%	$	39,007	100	%	$	40,866	100	%

(1)	There were no commercial loans outstanding that would be considered a concentration of lending to a particular industry.
(2)	The 2009 first quarter and the 2009 fourth quarter reflected net reclassifications from commercial real estate loans to commercial and industrial loans of $782.2 million and $589.0 million, respectively.
(3)	Comprised primarily of Franklin loans.

2

Huntington Bancshares Incorporated
Deposits Composition

	2010				2009
(in millions)	March 31,				December 31,				September 30,				June 30,				March 31,
	(Unaudited)								(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type
Demand deposits — non-interest bearing	$	6,938	17	%	$	6,907	17	%	$	6,306	16	%	$	6,169	16	%	$	5,887	15	%
Demand deposits — interest bearing		5,948	15			5,890	15			5,401	14			4,842	12			4,306	11
Money market deposits		10,644	26			9,485	23			8,548	21			6,622	17			5,857	15
Savings and other domestic deposits		4,666	12			4,652	11			4,631	12			4,859	12			5,007	13
Core certificates of deposit		9,441	23			10,453	26			11,205	28			12,197	31			12,616	32
Total core deposits		37,637	93			37,387	92			36,091	91			34,689	88			33,673	86
Other domestic deposits of $250,000 or more		684	2			652	2			689	2			846	2			1,041	3
Brokered deposits and negotiable CDs		1,605	4			2,098	5			2,630	7			3,229	8			3,848	10
Deposits in foreign offices		377	1			357	1			419	—			401	2			508	1
Total deposits	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%	$	39,165	100	%	$	39,070	100	%
Total core deposits:
Commercial	$	11,844	31	%	$	11,368	30	%	$	10,884	30	%	$	9,738	28	%	$	8,934	27	%
Personal		25,793	69			26,019	70			25,207	70			24,951	72			24,739	73
Total core deposits	$	37,637	100	%	$	37,387	100	%	$	36,091	100	%	$	34,689	100	%	$	33,673	100	%
Ending Balances by Business Segment
Retail and Business Banking	$	28,658	71	%	$	28,877	71	%	$	28,136	71	%	$	27,897	71	%	$	27,764	71	%
Commercial Banking		6,465	16			5,927	15			6,207	16			5,539	14			5,584	14
Commercial Real Estate		566	1			535	1			532	1			484	1			479	1
Auto Finance and Dealer Services		87	—			83	—			98	—			86	—			72	—
Private Financial Group		3,349	8			3,512	9			2,894	7			2,676	7			2,248	6
Treasury / Other (1)		1,178	4			1,560	4			1,962	5			2,483	7			2,923	8
Total deposits	$	40,303	100	%	$	40,494	100	%	$	39,829	100	%	$	39,165	100	%	$	39,070	100	%

	2010				2009
	First				Fourth				Third				Second				First
Average Balances by Business Segment
Retail and Business Banking	$	28,645	71	%	$	28,709	71	%	$	27,892	70	%	$	27,832	70	%	$	27,261	71	%
Commercial Banking		6,435	16			6,012	15			5,910	15			5,585	14			5,279	14
Commercial Real Estate		553	1			525	1			504	1			473	1			468	1
Auto Finance and Dealer Services		83	—			85	—			95	—			74	—			66	—
Private Financial Group		3,181	9			3,104	9			2,841	8			2,464	7			1,929	6
Treasury / Other (1)		1,326	3			1,779	4			2,351	6			3,106	8			3,186	8
Total deposits	$	40,223	100	%	$	40,214	100	%	$	39,593	100	%	$	39,534	100	%	$	38,189	100	%

⁽¹⁾ Comprised primarily of national market deposits.

3

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)

	Average Balances															Change
Fully-taxable equivalent basis	2010			2009												1Q10 vs 1Q09
(in millions)	First			Fourth			Third			Second			First			Amount			Percent
Assets
Interest bearing deposits in banks	$	348		$	329		$	393		$	369		$	355		$	(7	)		(2	)%
Trading account securities		96			110			107			88			278			(182	)		(65	)
Federal funds sold and securities purchased under resale agreements		—			15			7			—			19			(19	)		(100	)
Loans held for sale		346			470			524			709			627			(281	)		(45	)
Investment securities:
Taxable		8,025			8,695			6,510			5,181			3,961			4,064			N.M.
Tax-exempt		445			139			129			126			465			(20	)		(4	)
Total investment securities		8,470			8,834			6,639			5,307			4,426			4,044			91
Loans and leases: (1)
Commercial:
Commercial and industrial		12,314			12,570			12,922			13,523			13,541			(1,227	)		(9	)
Commercial real estate:
Construction		1,409			1,651			1,808			1,946			2,033			(624	)		(31	)
Commercial		6,268			6,807			7,071			7,253			8,079			(1,811	)		(22	)
Commercial real estate		7,677			8,458			8,879			9,199			10,112			(2,435	)		(24	)
Total commercial		19,991			21,028			21,801			22,722			23,653			(3,662	)		(15	)
Consumer:
Automobile loans		4,031			3,050			2,886			2,867			3,837			194			5
Automobile leases		219			276			344			423			517			(298	)		(58	)
Automobile loans and leases		4,250			3,326			3,230			3,290			4,354			(104	)		(2	)
Home equity		7,539			7,561			7,581			7,640			7,577			(38	)		(1	)
Residential mortgage		4,477			4,417			4,487			4,657			4,611			(134	)		(3	)
Other loans		723			757			756			698			671			52			8
Total consumer		16,989			16,061			16,054			16,285			17,213			(224	)		(1	)
Total loans and leases		36,980			37,089			37,855			39,007			40,866			(3,886	)		(10	)
Allowance for loan and lease losses		(1,510	)		(1,029	)		(950	)		(930	)		(913	)		(597	)		65
Net loans and leases		35,470			36,060			36,905			38,077			39,953			(4,483	)		(11	)
Total earning assets		46,240			46,847			45,525			45,480			46,571			(331	)		(1	)
Cash and due from banks		1,761			1,947			2,553			2,466			1,553			208			13
Intangible assets		725			737			755			780			3,371			(2,646	)		(78	)
All other assets		4,486			3,956			3,797			3,701			3,571			915			26
Total Assets	$	51,702		$	52,458		$	51,680		$	51,497		$	54,153		$	(2,451	)		(5	)%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing	$	6,627		$	6,466		$	6,186		$	6,021		$	5,544		$	1,083			20	%
Demand deposits — interest-bearing		5,716			5,482			5,140			4,547			4,076			1,640			40
Money market deposits		10,340			9,271			7,601			6,355			5,593			4,747			85
Savings and other domestic deposits		4,613			4,686			4,771			5,031			5,041			(428	)		(8	)
Core certificates of deposit		9,976			10,867			11,646			12,501			12,784			(2,808	)		(22	)
Total core deposits		37,272			36,772			35,344			34,455			33,038			4,234			13
Other domestic deposits of $250,000 or more		698			667			747			886			1,069			(371	)		(35	)
Brokered deposits and negotiable CDs		1,843			2,353			3,058			3,740			3,449			(1,606	)		(47	)
Deposits in foreign offices		410			422			444			453			633			(223	)		(35	)
Total deposits		40,223			40,214			39,593			39,534			38,189			2,034			5
Short-term borrowings		927			879			879			879			1,099			(172	)		(16	)
Federal Home Loan Bank advances		179			681			924			947			2,414			(2,235	)		(93	)
Subordinated notes and other long-term debt		4,062			3,908			4,136			4,640			4,612			(550	)		(12	)
Total interest bearing liabilities		38,764			39,216			39,346			39,979			40,770			(2,006	)		(5	)
All other liabilities		947			1,042			863			569			614			333			54
Shareholders’ equity		5,364			5,734			5,285			4,928			7,225			(1,861	)		(26	)
Total Liabilities and Shareholders’ Equity	$	51,702		$	52,458		$	51,680		$	51,497		$	54,153		$	(2,451	)		(5	)%

N.M., not a meaningful value.
(1)	For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

4

Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin Analysis
(Unaudited)

	Average Rates(2)
	2010			2009
Fully-taxable equivalent basis(1)	First			Fourth			Third			Second			First
Assets
Interest bearing deposits in banks		0.18	%		0.16	%		0.28	%		0.37	%		0.45	%
Trading account securities		2.15			1.89			1.96			2.22			4.04
Federal funds sold and securities purchased under resale agreements		—			0.03			0.14			0.82			0.20
Loans held for sale		4.98			5.13			5.20			5.19			5.04
Investment securities:
Taxable		2.94			3.20			3.99			4.63			5.60
Tax-exempt		4.35			6.31			6.77			6.83			6.61
Total investment securities		3.01			3.25			4.04			4.69			5.71
Loans and leases: (3)
Commercial:
Commercial and industrial		5.60			5.20			5.19			5.00			4.60
Commercial real estate:
Construction		2.66			2.63			2.61			2.78			2.76
Commercial		3.60			3.40			3.43			3.56			3.76
Commercial real estate		3.43			3.25			3.26			3.39			3.55
Total commercial		4.76			4.41			4.40			4.35			4.15
Consumer:
Automobile loans		6.64			7.15			7.34			7.28			7.20
Automobile leases		6.41			6.40			6.25			6.12			6.03
Automobile loans and leases		6.63			7.09			7.22			7.13			7.06
Home equity		5.59			5.82			5.75			5.75			5.13
Residential mortgage		4.89			5.04			5.03			5.12			5.71
Other loans		7.00			6.90			7.21			8.22			8.97
Total consumer		5.73			5.92			5.91			5.95			5.92
Total loans and leases		5.21			5.07			5.04			5.02			4.90
Total earning assets		4.82	%		4.70	%		4.86	%		4.99	%		4.99	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest-bearing		0.22			0.22			0.22			0.18			0.14
Money market deposits		1.00			1.21			1.20			1.14			1.02
Savings and other domestic deposits		1.19			1.27			1.33			1.37			1.50
Core certificates of deposit		2.93			3.07			3.27			3.50			3.81
Total core deposits		1.51			1.71			1.88			2.06			2.28
Other domestic deposits of $250,000 or more		1.44			1.88			2.24			2.61			2.92
Brokered deposits and negotiable CDs		2.49			2.52			2.49			2.54			2.97
Deposits in foreign offices		0.19			0.18			0.20			0.20			0.17
Total deposits		1.55			1.75			1.92			2.11			2.33
Short-term borrowings		0.21			0.24			0.25			0.26			0.25
Federal Home Loan Bank advances		2.71			1.01			0.92			1.13			1.03
Subordinated notes and other long-term debt		2.25			2.67			2.58			2.91			3.29
Total interest bearing liabilities		1.60	%		1.80	%		1.93	%		2.14	%		2.31	%
Net interest rate spread		3.22	%		2.90	%		2.93	%		2.85	%		2.68	%
Impact of noninterest bearing funds on margin		0.25			0.29			0.27			0.25			0.29
Net interest margin		3.47	%		3.19	%		3.20	%		3.10	%		2.97	%

(1)	Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 6 for the FTE adjustment.
(2)	Loan, lease, and deposit average rates include impact of applicable derivatives and non-deferrable fees.
(3)	For purposes of this analysis, nonaccrual loans are reflected in the average balances of loans.

5

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data⁽¹⁾
(Unaudited)

	2010			2009												1Q10 vs 1Q09
(in thousands, except per share amounts)	First			Fourth			Third			Second			First			Amount			Percent
Interest income	$	546,779		$	551,335		$	553,846		$	563,004		$	569,957		$	(23,178	)		(4)	%
Interest expense		152,886			177,271			191,027			213,105			232,452			(79,566	)		(34	)
Net interest income		393,893			374,064			362,819			349,899			337,505			56,388			17
Provision for credit losses		235,008			893,991			475,136			413,707			291,837			(56,829	)		(19	)
Net interest income (loss) after provision for credit losses		158,885			(519,927	)		(112,317	)		(63,808	)		45,668			113,217			N.M.
Service charges on deposit accounts		69,339			76,757			80,811			75,353			69,878			(539	)		(1	)
Brokerage and insurance income		35,762			32,173			33,996			32,052			39,948			(4,186	)		(10	)
Mortgage banking income (loss)		25,038			24,618			21,435			30,827			35,418			(10,380	)		(29	)
Trust services		27,765			27,275			25,832			25,722			24,810			2,955			12
Electronic banking		25,137			25,173			28,017			24,479			22,482			2,655			12
Bank owned life insurance income		16,470			14,055			13,639			14,266			12,912			3,558			28
Automobile operating lease income		12,303			12,671			12,795			13,116			13,228			(925	)		(7	)
Securities (losses) gains		(31	)		(2,602	)		(2,374	)		(7,340	)		2,067			(2,098	)		N.M.
Other income		29,069			34,426			41,901			57,470			18,359			10,710			58
Total noninterest income		240,852			244,546			256,052			265,945			239,102			1,750			1
Personnel costs		183,642			180,663			172,152			171,735			175,932			7,710			4
Outside data processing and other services		39,082			36,812			38,285			40,006			32,992			6,090			18
Deposit and other insurance expense		24,755			24,420			23,851			48,138			17,421			7,334			42
Net occupancy		29,086			26,273			25,382			24,430			29,188			(102	)		—
OREO and foreclosure expense		11,530			18,520			38,968			26,524			9,887			1,643			17
Equipment		20,624			20,454			20,967			21,286			20,410			214			1
Professional services		22,697			25,146			18,108			16,658			16,454			6,243			38
Amortization of intangibles		15,146			17,060			16,995			17,117			17,135			(1,989	)		(12	)
Automobile operating lease expense		10,066			10,440			10,589			11,400			10,931			(865	)		(8	)
Marketing		11,153			9,074			8,259			7,491			8,225			2,928			36
Telecommunications		6,171			6,099			5,902			6,088			5,890			281			5
Printing and supplies		3,673			3,807			3,950			4,151			3,572			101			3
Goodwill impairment		—			—			—			4,231			2,602,713			(2,602,713	)		N.M.
Gain on early extinguishment of debt (2)		—			(73,615	)		(60	)		(73,038	)		(729	)		729			N.M.
Other expense		20,468			17,443			17,749			13,765			19,748			720			4
Total noninterest expense		398,093			322,596			401,097			339,982			2,969,769			(2,571,676	)		(87	)
Income (Loss) before income taxes		1,644			(597,977	)		(257,362	)		(137,845	)		(2,684,999	)		2,686,643			N.M.
Benefit for income taxes		(38,093	)		(228,290	)		(91,172	)		(12,750	)		(251,792	)		213,699			(85	)
Net income (loss)	$	39,737		$	(369,687	)	$	(166,190	)	$	(125,095	)	$	(2,433,207	)	$	2,472,944			N.M.
Dividends on preferred shares		29,357			29,289			29,223			57,451			58,793			(29,436	)		(50	)
Net income (loss) applicable to common shares	$	10,380		$	(398,976	)	$	(195,413	)	$	(182,546	)	$	(2,492,000	)		2,502,380			N.M.	%
Average common shares — basic		716,320			715,336			589,708			459,246			366,919			349,401			95	%
Average common shares — diluted(3)		718,593			715,336			589,708			459,246			366,919			351,674			96
Per common share
Net income (loss) — basic	$	0.01		$	(0.56	)	$	(0.33	)	$	(0.40	)	$	(6.79	)	$	6.80			N.M.	%
Net income (loss) — diluted		0.01			(0.56	)		(0.33	)		(0.40	)	$	(6.79	)		6.80			N.M.
Cash dividends declared		0.01			0.01			0.01			0.01			0.01			—			—
Return on average total assets		0.31	%		(2.80)	%		(1.28)	%		(0.97)	%		(18.22)	%		18.53	%		N.M.
Return on average total shareholders’ equity		3.0			(25.6	)		(12.5	)		(10.2	)		N.M.			3.0			—
Return on average tangible shareholders’ equity(4)		4.2			(27.9	)		(13.3	)		(10.3	)		18.4			(14.2	)		(77	)
Net interest margin(5)		3.47			3.19			3.20			3.10			2.97			0.50			17
Efficiency ratio(6)		60.1			49.0			61.4			51.0			60.5			(0.4	)		(1	)
Effective tax rate (benefit)		N.M.			(38.2	)		(35.4	)		(9.2	)		(9.4	)		9.4			N.M.
Revenue — fully-taxable equivalent (FTE)
Net interest income	$	393,893		$	374,064		$	362,819		$	349,899		$	337,505		$	56,388			17
FTE adjustment		2,248			2,497			4,177			1,216			3,582			(1,334	)		(37	)
Net interest income (5)		396,141			376,561			366,996			351,115			341,087			55,054			16
Noninterest income		240,852			244,546			256,052			265,945			239,102			1,750			1
Total revenue(5)	$	636,993		$	621,107		$	623,048		$	617,060		$	580,189		$	56,804			10	%

N.M., not a meaningful value.
(1)	Comparisons for presented periods are impacted by a number of factors. Refer to the “Significant Items” discussion.
(2)	The 2009 fourth quarter gain related to the purchase of certain subordinated bank notes. The 2009 second quarter gain included $67.4 million related to the purchase of certain trust preferred securities.
(3)	For all the quarterly periods presented above, the impact of the convertible preferred stock issued in 2008 was excluded from the diluted share calculation because the result would have been higher than basic earnings per common share (anti-dilutive) for the periods.
(4)	Net income (loss) excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average stockholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.
(5)	On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.
(6)	Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities (losses) gains.

6

Huntington Bancshares Incorporated
Quarterly Mortgage Banking Income
(Unaudited)

	2010			2009												1Q10 vs 1Q09
(in thousands, except as noted)	First			Fourth			Third			Second			First			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	13,586		$	16,473		$	16,491		$	31,782		$	29,965		$	(16,379	)		(55	)%
Servicing fees		12,418			12,289			12,320			12,045			11,840			578			5
Amortization of capitalized servicing (1)		(10,065	)		(10,791	)		(10,050	)		(14,445	)		(12,285	)		2,220			(18	)
Other mortgage banking income		3,210			4,466			4,109			5,381			9,404			(6,194	)		(66	)
Sub-total		19,149			22,437			22,870			34,763			38,924			(19,775	)		(51	)
MSR valuation adjustment(1)		(5,772	)		15,491			(17,348	)		46,551			(10,389	)		4,617			(44	)
Net trading gains (losses) related to MSR hedging		11,661			(13,310	)		15,913			(50,487	)		6,883			4,778			69
Total mortgage banking income	$	25,038		$	24,618		$	21,435		$	30,827		$	35,418		$	(10,380	)		(29	)%
Mortgage originations(in millions)	$	869		$	1,131		$	998		$	1,587		$	1,546		$	(677	)		(44	)%
Average trading account securities used to hedge MSRs(in millions)		18			19			19			20			223			(205	)		(92	)
Capitalized mortgage servicing rights (2)		207,552			214,592			200,969			219,282			167,838			39,714			24
Total mortgages serviced for others(in millions) (2)		15,968			16,010			16,145			16,246			16,315			(347	)		(2	)
MSR % of investor servicing portfolio		1.30	%		1.34	%		1.24	%		1.35	%		1.03	%		0.27	%		26
Net Impact of MSR Hedging
MSR valuation adjustment(1)	$	(5,772	)	$	15,491		$	(17,348	)	$	46,551		$	(10,389	)	$	4,617			(44	)%
Net trading gains (losses) related to MSR hedging		11,661			(13,310	)		15,913			(50,487	)		6,883			4,778			69
Net interest income related to MSR hedging		169			168			191			199			2,441			(2,272	)		(93	)
Net impact of MSR hedging	$	6,058		$	2,349		$	(1,244	)	$	(3,737	)	$	(1,065	)	$	7,123			N.M.	%

N.M., not a meaningful value.

(1)	The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.
(2)	At period end.

7

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)

	2010			2009
(in thousands)	First			Fourth			Third			Second			First
Allowance for loan and lease losses, beginning of period	$	1,482,479		$	1,031,971		$	917,680		$	838,549		$	900,227
Loan and lease losses		(264,222	)		(471,486	)		(377,443	)		(359,444	)		(353,005	)
Recoveries of loans previously charged off		25,741			26,739			21,501			25,037			11,514
Net loan and lease losses		(238,481	)		(444,747	)		(355,942	)		(334,407	)		(341,491	)
Provision for loan and lease losses		233,971			895,255			472,137			413,538			289,001
Allowance of assets sold		—			—			—			—			(9,188	)
Allowance for loans transferred to held-for-sale		—			—			(1,904	)		—			—
Allowance for loan and lease losses, end of period	$	1,477,969		$	1,482,479		$	1,031,971		$	917,680		$	838,549
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	48,879		$	50,143		$	47,144		$	46,975		$	44,139
Provision for (Reduction in) unfunded loan commitments and letters of credit losses		1,037			(1,264	)		2,999			169			2,836
Allowance for unfunded loan commitments and letters of credit, end of period	$	49,916		$	48,879		$	50,143		$	47,144		$	46,975
Total allowances for credit losses	$	1,527,885		$	1,531,358		$	1,082,115		$	964,824		$	885,524
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		4.00	%		4.03	%		2.77	%		2.38	%		2.12	%
Nonaccrual loans and leases (NALs)		84			77			47			50			54
Nonperforming assets (NPAs)		77			72			44			46			47
Total allowances for credit losses (ACL) as % of:
Total loans and leases		4.14	%		4.16	%		2.90	%		2.51	%		2.24	%
Nonaccrual loans and leases		87			80			50			53			57
Nonperforming assets		80			74			46			48			50

8

Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)

	2010			2009
(in thousands)	First			Fourth			Third			Second			First
Net charge-offs by loan and lease type:
Commercial and industrial	$	75,439		$	109,816		$	68,842	(1)	$	98,300	(2)	$	210,648	(3)
Commercial real estate:
Construction		34,426			85,345			50,359			31,360			25,642
Commercial		50,873			172,759			118,866			141,261			57,139
Commercial real estate		85,299			258,104			169,225			172,621			82,781
Total commercial		160,738			367,920			238,067			270,921			293,429
Consumer:
Automobile loans		7,666			11,374			8,988			12,379			14,971
Automobile leases		865			1,554			1,753			2,227			3,086
Automobile loans and leases		8,531			12,928			10,741			14,606			18,057
Home equity		37,901			35,764			28,045			24,687			17,680
Residential mortgage		24,311			17,789			68,955	(4)		17,160			6,298
Other loans		7,000			10,346			10,134			7,033			6,027
Total consumer		77,743			76,827			117,875			63,486			48,062
Total net charge-offs	$	238,481		$	444,747		$	355,942		$	334,407		$	341,491
Net charge-offs — annualized percentages:
Commercial:
Commercial and industrial(1), (2), (3)		2.45	%		3.49	%		2.13	%		2.91	%		6.22	%
Commercial real estate:
Construction		9.77			20.68			11.14			6.45			5.05
Commercial		3.25			10.15			6.72			7.79			2.83
Commercial real estate		4.44			12.21			7.62			7.51			3.27
Total commercial		3.22			7.00			4.37			4.77			4.96
Consumer:
Automobile loans		0.76			1.49			1.25			1.73			1.56
Automobile leases		1.58			2.25			2.04			2.11			2.39
Automobile loans and leases		0.80			1.55			1.33			1.78			1.66
Home equity		2.01			1.89			1.48			1.29			0.93
Residential mortgage (4)		2.17			1.61			6.15			1.47			0.55
Other loans		3.87			5.47			5.36			4.03			3.59
Total consumer		1.83			1.91			2.94			1.56			1.12
Net charge-offs as a % of average loans		2.58	%		4.80	%		3.76	%		3.43	%		3.34	%

(1)	The 2009 third quarter included net recoveries totaling $4,080 thousand associated with the Franklin restructuring.
(2)	The 2009 second quarter included net recoveries totaling $9,884 thousand associated with the Franklin restructuring.
(3)	The 2009 first quarter included net charge-offs totaling $128,338 thousand associated with the Franklin restructuring.
(4)	Effective with the 2009 third quarter, a change to accelerate the timing for when a partial charge-off is recognized was made. This change resulted in $31,952 thousand of charge-offs in the 2009 third quarter.

9

Huntington Bancshares Incorporated
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)
(Unaudited)

	2010			2009
(in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	511,588		$	578,414		$	612,701		$	456,734		$	398,286
Commercial real estate		826,781			935,812			1,133,661			850,846			629,886
Alt-A mortgages		13,368			11,362			9,810			25,861			25,175
Interest-only mortgages		8,193			7,445			8,336			17,428			20,580
Franklin residential mortgages		297,967			299,670			322,796			342,207			360,106
Other residential mortgages		53,422			44,153			49,579			89,992			81,094
Total residential mortgages		372,950			362,630			390,521			475,488			486,955
Home equity		54,789			40,122			44,182			35,299			37,967
Total nonaccrual loans and leases		1,766,108			1,916,978			2,181,065			1,818,367			1,553,094
Other real estate, net:
Residential		68,289			71,427			81,807			107,954			143,856
Commercial		83,971			68,717			60,784			64,976			66,906
Total other real estate, net		152,260			140,144			142,591			172,930			210,762
Impaired loans held for sale(1)		—			969			20,386			11,287			11,887
Total nonperforming assets	$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584		$	1,775,743
Nonperforming Franklin loans
Residential mortgage	$	297,967		$	299,670		$	322,796		$	342,207		$	360,106
OREO		24,423			23,826			30,996			43,623			79,596
Home Equity		31,067			15,004			15,704			2,437			6,000
Total nonperforming Franklin loans	$	353,457		$	338,500		$	369,496		$	388,267		$	445,702
Nonaccrual loans and leases as a % of total loans and leases (NAL ratio)		4.78	%		5.21	%		5.85	%		4.72	%		3.93	%
NPA ratio(2)		5.17			5.57			6.26			5.18			4.46

	2010			2009
(in thousands)	First			Fourth			Third			Second			First
Nonperforming assets, beginning of period	$	2,058,091		$	2,344,042		$	2,002,584		$	1,775,743		$	1,636,646
New nonperforming assets		237,914			494,607			899,855			750,318			622,515
Franklin impact, net		14,957			(30,996	)		(18,771	)		(57,436	)		(204,523	)
Returns to accruing status		(80,840	)		(85,867	)		(52,498	)		(40,915	)		(36,056	)
Loan and lease losses		(185,387	)		(391,635	)		(305,405	)		(282,713	)		(168,382	)
OREO losses		(4,160	)		(7,394	)		(30,623	)		(20,614	)		(4,034	)
Payments		(107,640	)		(222,790	)		(117,710	)		(95,124	)		(61,452	)
Sales		(14,567	)		(41,876	)		(33,390	)		(26,675	)		(8,971	)
Nonperforming assets, end of period	$	1,918,368		$	2,058,091		$	2,344,042		$	2,002,584		$	1,775,743

(1)	The September 30, 2009, figure primarily represents impaired residential mortgage loans held for sale. All other presented figures represent impaired loans obtained from the Sky Financial acquisition. Held for sale loans are carried at the lower of cost or fair value less costs to sell.
(2)	Nonperforming assets divided by the sum of loans and leases, impaired loans held for sale, and net other real estate.

10

Huntington Bancshares Incorporated
Quarterly Accruing Past Due Loans and Leases and Accruing Restructured Loans
(Unaudited)

	2010			2009
(in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	475		$	—		$	—		$	—		$	—
Commercial real estate		—			—			2,546			—			—
Residential mortgage (excluding loans guaranteed by the U.S. government)		72,702			78,915			65,716			97,937			88,381
Home equity		29,438			53,343			45,334			35,328			35,717
Other loans and leases		10,598			13,400			14,175			13,474			15,611
Total, excl. loans guaranteed by the U.S. government	$	113,213		$	145,658		$	127,771		$	146,739		$	139,709
Add: loans guaranteed by U.S. government		96,814			101,616			102,895			99,379			88,551
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. government	$	210,027		$	247,274		$	230,666		$	246,118		$	228,260
Excluding loans guaranteed by the U.S. government, as a percent of total loans and leases		0.31	%		0.40	%		0.34	%		0.38	%		0.35	%
Guaranteed by U.S. government, as a percent of total loans and leases		0.26	%		0.28	%		0.28	%		0.26	%		0.22
Including loans guaranteed by the U.S. government, as a percent of total loans and leases		0.57	%		0.68	%		0.62	%		0.64	%		0.58	%
Accruing restructured loans:
Commercial	$	117,667		$	157,049		$	153,010		$	267,975		$	201,508
Alt-A mortgages		57,897			57,278			58,367			46,657			36,642
Interest-only mortgages		8,413			7,890			10,072			12,147			8,500
Other residential mortgages		176,560			154,471			136,024			99,764			62,869
Total residential mortgages		242,870			219,639			204,463			158,568			108,011
Other		62,148			52,871			42,406			35,720			27,014
Total accruing restructured loans	$	422,685		$	429,559		$	399,879		$	462,263		$	336,533

11

Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Capital, and Other Data
(Unaudited)

Quarterly common stock summary

	2010		2009
(in thousands, except per share amounts)	First		Fourth		Third		Second		First
Common stock price, per share
High(1)	$	5.810	$	4.770	$	4.970	$	6.180	$	8.000
Low(1)		3.650		3.500		3.260		1.550		1.000
Close		5.390		3.650		4.710		4.180		1.660
Average closing price		4.840		3.970		4.209		3.727		2.733
Dividends, per share
Cash dividends declared per common share	$	0.01	$	0.01	$	0.01	$	0.01	$	0.01
Common shares outstanding
Average — basic		716,320		715,336		589,708		459,246		366,919
Average — diluted(2)		718,593		715,336		589,708		459,246		366,919
Ending		716,557		715,762		714,469		568,741		390,682
Book value per common share	$	5.13	$	5.10	$	5.59	$	6.23	$	7.80
Tangible book value per common share(3)		4.26		4.21		4.69		5.07		6.08

Capital data

	2010			2009
(in millions)	March 31,			December 31,			September 30,			June 30,			March 31,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,370		$	5,336		$	5,675		$	5,221		$	4,815
Less: goodwill		(444	)		(444	)		(444	)		(448	)		(452	)
Less: other intangible assets		(274	)		(289	)		(303	)		(322	)		(340	)
Add: related deferred tax liability(3)		95			101			106			112			119
Total tangible equity		4,747			4,704			5,034			4,563		$	4,142
Less: Preferred equity		(1,692	)		(1,688	)		(1,683	)		(1,679	)		(1,768	)
Total tangible common equity	$	3,055		$	3,016		$	3,351		$	2,884		$	2,374
Total assets	$	51,867		$	51,555		$	52,513		$	51,397		$	51,702
Less: goodwill		(444	)		(444	)		(444	)		(448	)		(452	)
Less: other intangible assets		(274	)		(289	)		(303	)		(322	)		(340	)
Add: related deferred tax liability(3)		95			101			106			112			119
Total tangible assets	$	51,244		$	50,923		$	51,872		$	50,739		$	51,029
Tangible equity / tangible asset ratio		9.26	%		9.24	%		9.71	%		8.99	%		8.12	%
Tangible common equity / tangible asset ratio		5.96			5.92			6.46			5.68			4.65
Other capital data:
Total risk-weighted assets	$	42,632		$	43,248		$	44,142		$	45,463		$	46,383
Tier 1 leverage ratio (4)		10.05	%		10.09	%		11.30	%		10.62	%		9.67	%
Tier 1 common risk-based capital ratio(4)		6.52			6.69			7.82			6.80			5.63
Tier 1 risk-based capital ratio (4)		11.94			12.03			13.04			11.85			11.14
Total risk-based capital ratio (4)		14.24			14.41			16.23			14.94			14.26
Tangible equity / risk-weighted assets ratio		11.14			10.88			11.41			10.04			8.94
Other data:
Number of employees (full-time equivalent)		10,678			10,272			10,194			10,338			10,540
Number of domestic full-service banking offices (5)		617			611			610			610			608

(1)	High and low stock prices are intra-day quotes obtained from NASDAQ.
(2)	For all of the quarterly periods presented above, the impact of the convertible preferred stock issued in 2008 was excluded from the diluted share calculation because the result would have been higher than basic earnings per common share (anti-dilutive) for the periods.
(3)	Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.
(4)	March 31, 2010, figures are estimated. Based on an interim decision by the banking agencies on December 14, 2006, Huntington has excluded the impact of adopting ASC Topic 715, “Compensation — Retirement Benefits”, from the regulatory capital calculations.
(5)	Includes 9 Private Financial Group offices.

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