Huntington Bancshares (HBAN) 8-K Results of Operations and Financial Condition

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
September 2006

Table of Contents

Consolidated Balance Sheets	1
Credit Exposure Composition	2
Deposit Composition	3
Consolidated Quarterly Average Balance Sheets	4
Consolidated Quarterly Net Interest Margin Analysis	5
Quarterly Average Loans and Direct Financing Leases and Deposit Composition By Business Segment	6
Selected Quarterly Income Statement Data	7
Quarterly Mortgage Banking Income and Net Impact of MSR Hedging	8
Quarterly Credit Reserves Analysis	9
Quarterly Net Charge-Off Analysis	10
Quarterly Non-Performing Assets and Past Due Loans and Leases	11
Quarterly Stock Summary, Capital, and Other Data	12
Quarterly Automobile Operating Lease Performance	13
Consolidated Year To Date Average Balance Sheets	14
Consolidated Year To Date Net Interest Margin Analysis	15
Selected Year To Date Income Statement Data	16
Year To Date Mortgage Banking Income and Net Impact of MSR Hedging	17
Year To Date Credit Reserves Analysis	18
Year To Date Net Charge-Off Analysis	19
Year To Date Non-Performing Assets and Past Due Loans and Leases	20
Year To Date Automobile Operating Lease Performance	21

Note:

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
	2006			2005						September ’06 vs ’05
(in thousands, except number of shares)	September 30,			December 31,			September 30,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	848,088		$	966,445		$	803,425		$	44,663			5.6	%
Federal funds sold and securities purchased under resale agreements		370,418			74,331			78,325			292,093			N.M.
Interest bearing deposits in banks		59,333			22,391			22,379			36,954			N.M.
Trading account securities		122,621			8,619			191,418			(68,797	)		(35.9	)
Loans held for sale		276,304			294,344			449,096			(172,792	)		(38.5	)
Investment securities		4,643,901			4,526,520			4,304,898			339,003			7.9
Loans and leases(1)		26,361,502			24,472,166			24,496,287			1,865,215			7.6
Allowance for loan and lease losses		(280,152	)		(268,347	)		(253,943	)		(26,209	)		10.3
Net loans and leases		26,081,350			24,203,819			24,242,344			1,839,006			7.6
Automobile operating lease assets		54,551			189,003			247,389			(192,838	)		(77.9	)
Bank owned life insurance		1,083,033			1,001,542			993,407			89,626			9.0
Premises and equipment		367,709			360,677			358,876			8,833			2.5
Goodwill		571,521			212,530			212,530			358,991			N.M.
Other intangible assets		61,239			4,956			5,173			56,066			N.M.
Accrued income and other assets		1,121,880			899,628			853,728			268,152			31.4
Total Assets	$	35,661,948		$	32,764,805		$	32,762,988		$	2,898,960			8.8	%
Liabilities and Shareholders’ Equity
Liabilities
Deposits(2)	$	24,738,395		$	22,409,675		$	22,349,122		$	2,389,273			10.7	%
Short-term borrowings		1,532,504			1,889,260			1,502,566			29,938			2.0
Federal Home Loan Bank advances		1,221,669			1,155,647			1,155,656			66,013			5.7
Other long-term debt		2,592,188			2,418,419			2,795,431			(203,243	)		(7.3	)
Subordinated notes		1,275,883			1,023,371			1,034,343			241,540			23.4
Allowance for unfunded loan commitments and letters of credit		39,302			36,957			38,098			1,204			3.2
Deferred federal income tax liability		615,291			743,655			768,344			(153,053	)		(19.9	)
Accrued expenses and other liabilities		516,970			530,320			496,753			20,217			4.1
Total Liabilities		32,532,202			30,207,304			30,140,313			2,391,889			7.9
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding		—			—			—			—			—
Common stock — without par value; authorized 500,000,000 shares; issued 257,866,255 shares; outstanding 237,921,076; 224,106,172 and 229,005,823 shares, respectively		2,556,168			2,491,326			2,490,919			65,249			2.6
Less 19,945,179; 33,760,083 and 28,860,432 treasury shares at cost, respectively		(445,359	)		(693,576	)		(575,941	)		130,582			(22.7	)
Accumulated other comprehensive loss		32,076			(22,093	)		(21,839	)		53,915			N.M.
Retained earnings		986,861			781,844			729,536			257,325			35.3
Total Shareholders’ Equity		3,129,746			2,557,501			2,622,675			507,071			19.3
Total Liabilities and Shareholders’ Equity	$	35,661,948		$	32,764,805		$	32,762,988		$	2,898,960			8.8	%

N.M., not a meaningful value.
(1)	See page 2 for detail of loans and leases.
(2)	See page 3 for detail of deposits.

1

Huntington Bancshares Incorporated
Credit Exposure Composition

													Change
	2006				2005								September ’06 vs ’05
(in thousands)	September 30,				December 31,				September 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	5,751,178	21.8	%	$	5,084,244	20.6	%	$	4,790,680	19.4	%	$	960,498			20.0	%
Middle market commercial real estate:
Construction		1,148,036	4.3			1,521,897	6.2			1,762,237	7.1			(614,201	)		(34.9	)
Commercial		2,772,645	10.5			2,015,498	8.2			1,885,027	7.6			887,618			47.1
Middle market commercial real estate		3,920,681	14.8			3,537,395	14.4			3,647,264	14.7			273,417			7.5
Small business		2,535,940	9.6			2,223,740	9.1			2,234,988	9.1			300,952			13.5
Total commercial		12,207,799	46.2			10,845,379	44.1			10,672,932	43.2			1,534,867			14.4
Consumer:
Automobile loans		2,105,623	8.0			1,985,304	8.1			2,063,285	8.3			42,338			2.1
Automobile leases		1,910,257	7.2			2,289,015	9.3			2,381,004	9.6			(470,747	)		(19.8	)
Home equity		5,019,101	19.0			4,762,743	19.3			4,796,474	19.4			222,627			4.6
Residential mortgage		4,678,577	17.7			4,193,139	17.0			4,180,350	16.9			498,227			11.9
Other loans		440,145	1.7			396,586	1.4			402,242	1.6			37,903			9.4
Total consumer		14,153,703	53.6			13,626,787	55.1			13,823,355	55.8			330,348			2.4
Total loans and direct financing leases	$	26,361,502	99.8		$	24,472,166	99.2		$	24,496,287	99.0		$	1,865,215			7.6
Automobile operating lease assets		54,551	0.2			189,003	0.8			247,389	1.0			(192,838	)		(77.9	)
Total credit exposure	$	26,416,053	100.0	%	$	24,661,169	100.0	%	$	24,743,676	100.0	%	$	1,672,377			6.8	%
Total automobile exposure(1)	$	4,070,431	15.4	%	$	4,463,322	18.1	%	$	4,691,678	19.0	%	$	(621,247	)		(13.2)	%
By Business Segment(2)
Regional Banking:
Central Ohio	$	3,682,544	13.9	%	$	3,150,394	12.8	%	$	3,233,382	13.1	%	$	449,162			13.9	%
Northern Ohio		2,656,635	10.1			2,522,854	10.2			2,580,925	10.4			75,710			2.9
Southern Ohio / Kentucky		2,185,979	8.3			2,037,190	8.3			2,059,649	8.3			126,330			6.1
Eastern Ohio		1,348,217	5.1			369,870	1.5			372,124	1.5			976,093			N.M.
West Michigan		2,443,495	9.3			2,363,162	9.6			2,369,800	9.6			73,695			3.1
East Michigan		1,609,932	6.1			1,573,413	6.4			1,530,081	6.2			79,851			5.2
West Virginia		1,086,757	4.1			970,953	3.9			948,847	3.8			137,910			14.5
Indiana		962,216	3.6			1,025,807	4.2			958,119	3.9			4,097			0.4
Mortgage and equipment leasing groups		3,611,416	13.6			3,493,460	14.1			3,477,996	14.1			133,420			3.8
Regional Banking		19,587,191	74.1			17,507,103	71.0			17,530,923	70.9			2,056,268			11.7
Dealer Sales (3)		5,011,186	19.0			5,429,998	22.0			5,492,234	22.2			(481,048	)		(8.8	)
Private Financial and Capital Markets Group		1,817,676	6.9			1,724,068	7.0			1,720,519	6.9			97,157			5.6
Treasury / Other		—	—			—	—			—	—			—			—
Total credit exposure	$	26,416,053	100.0	%	$	24,661,169	100.0	%	$	24,743,676	100.0	%	$	1,672,377			6.8	%

N.M., not a meaningful value.
(1)	Sum of automobile loans and leases and automobile operating lease assets.
(2)	Prior period amounts have been reclassified to conform to the current period business segment structure.
(3)	Includes automobile operating lease inventory.

2

Huntington Bancshares Incorporated
Deposit Composition

													Change
	2006				2005								September ’06 vs ’05
(in thousands)	September 30,				December 31,				September 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Demand deposits — non-interest bearing	$	3,480,888	14.1	%	$	3,390,044	15.1	%	$	3,361,749	15.0	%	$	119,139			3.5	%
Demand deposits — interest bearing		7,921,405	32.0			7,380,044	32.9			7,481,019	33.5			440,386			5.9
Savings and other domestic time deposits		3,011,268	12.2			3,094,136	13.8			3,186,354	14.3			(175,086	)		(5.5	)
Core certificates of deposit(1)		5,313,473	21.5			3,988,474	17.8			3,684,313	16.5			1,629,160			44.2
Total core deposits		19,727,034	79.8			17,852,698	79.6			17,713,435	79.3			2,013,599			11.4
Other domestic time deposits of $100,000 or more(1)		1,259,719	5.1			886,493	4.0			954,019	4.3			305,700			32.0
Brokered deposits and negotiable CDs		3,183,489	12.9			3,199,796	14.3			3,228,083	14.4			(44,594	)		(1.4	)
Deposits in foreign offices		568,153	2.2			470,688	2.1			453,585	2.0			114,568			25.3
Total deposits	$	24,738,395	100.0	%	$	22,409,675	100.0	%	$	22,349,122	100.0	%	$	2,389,273			10.7	%
Total core deposits:
Commercial	$	6,214,462	31.5	%	$	5,352,053	30.0	%	$	5,424,728	30.6	%	$	789,734			14.6	%
Personal		13,512,572	68.5			12,500,645	70.0			12,288,707	69.4			1,223,865			10.0
Total core deposits	$	19,727,034	100.0	%	$	17,852,698	100.0	%	$	17,713,435	100.0	%	$	2,013,599			11.4	%
By Business Segment(2)
Regional Banking:
Central Ohio	$	4,884,052	19.7	%	$	4,520,594	20.2	%	$	4,424,543	19.8	%	$	459,509			10.4	%
Northern Ohio		3,662,243	14.8			3,498,463	15.6			3,461,841	15.5			200,402			5.8
Southern Ohio / Kentucky		2,212,366	8.9			1,951,322	8.7			1,914,856	8.6			297,510			15.5
Eastern Ohio		1,738,913	7.0			577,912	2.6			582,615	2.6			1,156,298			N.M.
West Michigan		2,941,889	11.9			2,790,787	12.5			2,779,510	12.4			162,379			5.8
East Michigan		2,354,689	9.5			2,263,898	10.1			2,301,627	10.3			53,062			2.3
West Virginia		1,513,206	6.1			1,463,592	6.5			1,428,090	6.4			85,116			6.0
Indiana		847,824	3.4			728,193	3.2			772,183	3.5			75,641			9.8
Mortgage and equipment leasing groups		146,075	0.6			161,866	0.7			177,026	0.8			(30,951	)		(17.5	)
Regional Banking		20,301,257	82.1			17,956,627	80.1			17,842,291	79.8			2,458,966			13.8
Dealer Sales		58,918	0.2			65,237	0.3			72,393	0.3			(13,475	)		(18.6	)
Private Financial and Capital Markets Group		1,144,731	4.6			1,179,915	5.3			1,199,855	5.4			(55,124	)		(4.6	)
Treasury / Other (3)		3,233,489	13.1			3,207,896	14.3			3,234,583	14.5			(1,094	)		(0.0	)
Total deposits	$	24,738,395	100.0	%	$	22,409,675	100.0	%	$	22,349,122	100.0	%	$	2,389,273			10.7	%

N.M., not a meaningful value.

(1)	For the current and all prior periods, consumer CDs of $100,000 or more have been reclassified from other domestic time deposits of $100,000 or more to core certificates of deposit. Core certificates of deposit is comprised primarily of consumer certificates of deposit both over and under $100,000. Other domestic time deposits of $100,000 or more is comprised primarily of individual retirement accounts greater than $100,000 and public fund certificates of deposit greater than $100,000.
(2)	Prior period amounts have been reclassified to conform to the current period business segment structure.
(3)	Comprised largely of brokered deposits and negotiable CDs.

3

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)

	Average Balances															Change
Fully taxable equivalent basis	2006									2005						3Q06 vs 3Q05
(in millions)	Third			Second			First			Fourth			Third			Amount			Percent
Assets
Interest bearing deposits in banks	$	75		$	36		$	24		$	23		$	23		$	52			N.M.	%
Trading account securities		96			100			66			119			274			(178	)		(65.0	)
Federal funds sold and securities purchased under resale agreements		266			285			201			103			142			124			87.3
Loans held for sale		275			287			274			361			427			(152	)		(35.6	)
Investment securities:
Taxable		4,364			4,494			4,138			3,802			3,523			841			23.9
Tax-exempt		581			556			548			540			537			44			8.2
Total investment securities		4,945			5,050			4,686			4,342			4,060			885			21.8
Loans and leases: (1)
Commercial: (2)
Middle market commercial and industrial		5,591			5,458			5,132			4,946			4,708			883			18.8
Middle market commercial real estate:
Construction		1,122			1,243			1,454			1,675			1,720			(598	)		(34.8	)
Commercial		2,795			2,799			2,423			1,923			1,922			873			45.4
Middle market commercial real estate		3,917			4,042			3,877			3,598			3,642			275			7.6
Small business		2,531			2,456			2,121			2,230			2,251			280			12.4
Total commercial		12,039			11,956			11,130			10,774			10,601			1,438			13.6
Consumer:
Automobile loans		2,079			2,044			1,994			2,018			2,078			1			—
Automobile leases		1,976			2,095			2,221			2,337			2,424			(448	)		(18.5	)
Automobile loans and leases		4,055			4,139			4,215			4,355			4,502			(447	)		(9.9	)
Home equity		5,041			5,029			4,833			4,781			4,801			240			5.0
Residential mortgage		4,748			4,629			4,306			4,165			4,157			591			14.2
Other loans		430			448			447			393			387			43			11.1
Total consumer		14,274			14,245			13,801			13,694			13,847			427			3.1
Total loans and leases		26,313			26,201			24,931			24,468			24,448			1,865			7.6
Allowance for loan and lease losses		(291	)		(293	)		(283	)		(262	)		(256	)		(35	)		(13.7	)
Net loans and leases		26,022			25,908			24,648			24,206			24,192			1,830			7.6
Total earning assets		31,970			31,959			30,182			29,416			29,374			2,596			8.8
Automobile operating lease assets		68			105			159			216			287			(219	)		(76.3	)
Cash and due from banks		823			832			813			770			898			(75	)		(8.4	)
Intangible assets		634			638			362			218			217			417			N.M.
All other assets		2,565			2,449			2,256			2,256			2,219			346			15.6
Total Assets	$	35,769		$	35,690		$	33,489		$	32,614		$	32,739		$	3,030			9.3	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,509		$	3,594		$	3,436		$	3,444		$	3,406		$	103			3.0	%
Demand deposits — interest bearing		7,858			7,778			7,562			7,496			7,539			319			4.2
Savings and other domestic time deposits		2,923			3,106			3,095			2,984			3,095			(172	)		(5.6	)
Core certificates of deposit(3)		5,334			5,083			4,389			3,891			3,557			1,777			50.0
Total core deposits		19,624			19,561			18,482			17,815			17,597			2,027			11.5
Other domestic time deposits of $100,000 or more(3)		1,141			1,086			938			927			871			270			31.0
Brokered deposits and negotiable CDs		3,307			3,263			3,143			3,210			3,286			21			0.6
Deposits in foreign offices		521			474			465			490			462			59			12.8
Total deposits		24,593			24,384			23,028			22,442			22,216			2,377			10.7
Short-term borrowings		1,660			2,042			1,669			1,472			1,559			101			6.5
Federal Home Loan Bank advances		1,349			1,557			1,453			1,156			935			414			44.3
Subordinated notes and other long-term debt		3,921			3,428			3,346			3,687			3,960			(39	)		(1.0	)
Total interest bearing liabilities		28,014			27,817			26,060			25,313			25,264			2,750			10.9
All other liabilities		1,276			1,284			1,264			1,283			1,458			(182	)		(12.5	)
Shareholders’ equity		2,970			2,995			2,729			2,574			2,611			359			13.7
Total Liabilities and Shareholders’ Equity	$	35,769		$	35,690		$	33,489		$	32,614		$	32,739		$	3,030			9.3	%

(1)	For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.
(2)	The middle market C&I and CRE loan balances in the first quarter of 2006 contain Unizan loan balances that were subject to reclassification when these loans were converted to Huntington’s loan systems.
(3)	For the current and all prior periods, consumer CDs of $100,000 or more have been reclassified from other domestic time deposits of $100,000 or more to core certificates of deposit. Core certificates of deposit is comprised primarily of consumer certificates of deposit both over and under $100,000. Other domestic time deposits of $100,000 or more is comprised primarily of individual retirement accounts greater than $100,000 and public fund certificates of deposit greater than $100,000.

4

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

	Average Rates (2)
	2006									2005
Fully taxable equivalent basis(1)	Third			Second			First			Fourth			Third
Assets
Interest bearing deposits in banks		5.23	%		7.05	%		7.89	%		7.19	%		5.07	%
Trading account securities		4.32			4.51			2.94			4.53			3.95
Federal funds sold and securities purchased under resale agreements		5.13			4.75			4.30			3.78			3.41
Loans held for sale		6.24			6.23			5.92			5.68			5.43
Investment securities:
Taxable		5.49			5.34			5.04			4.70			4.37
Tax-exempt		6.80			6.83			6.71			6.77			6.62
Total investment securities		5.64			5.51			5.23			4.96			4.67
Loans and leases: (3)
Commercial:
Middle market commercial and industrial		7.35			7.26			6.80			6.28			5.87
Middle market commercial real estate:
Construction		8.48			8.01			7.55			7.27			6.58
Commercial		7.87			7.26			6.78			6.46			5.96
Middle market commercial real estate		8.05			7.49			7.07			6.84			6.25
Small business		7.27			7.10			6.67			6.43			6.18
Total commercial		7.56			7.30			6.87			6.50			6.07
Consumer:
Automobile loans		6.62			6.48			6.40			6.26			6.44
Automobile leases		5.10			5.01			4.97			4.98			4.94
Automobile loans and leases		5.88			5.74			5.65			5.57			5.63
Home equity		7.60			7.46			6.88			6.82			6.42
Residential mortgage		5.46			5.39			5.34			5.31			5.23
Other loans		9.60			9.41			8.51			8.13			7.95
Total consumer		6.46			6.35			6.08			6.00			5.85
Total loans and leases		6.96			6.79			6.43			6.22			5.94
Total earning assets		6.73	%		6.55	%		6.21	%		6.01	%		5.72	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		2.92			2.62			2.44			2.12			1.87
Savings and other domestic time deposits		1.75			1.59			1.49			1.44			1.39
Core certificates of deposit(4)		4.40			4.10			3.84			3.70			3.59
Total core deposits		3.20			2.89			2.65			2.41			2.20
Other domestic time deposits of $100,000 or more(4)		5.18			4.83			4.55			3.98			3.57
Brokered deposits and negotiable CDs		5.50			5.12			4.69			4.20			3.66
Deposits in foreign offices		3.12			2.68			2.62			2.66			2.28
Total deposits		3.66			3.34			3.07			2.79			2.52
Short-term borrowings		4.10			4.12			3.57			3.11			2.74
Federal Home Loan Bank advances		4.51			4.34			3.99			3.37			3.08
Subordinated notes and other long-term debt		5.75			5.67			5.22			4.72			4.20
Total interest bearing liabilities		4.02	%		3.74	%		3.43	%		3.12	%		2.82	%
Net interest rate spread		2.71	%		2.81	%		2.78	%		2.89	%		2.90	%
Impact of non-interest bearing funds on margin		0.51			0.53			0.54			0.45			0.41
Net interest margin		3.22	%		3.34	%		3.32	%		3.34	%		3.31	%

(1)	Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 7 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, non-accrual loans are reflected in the average balances of loans.
(4)	For the current and all prior periods, consumer CDs of $100,000 or more have been reclassified from other domestic time deposits of $100,000 or more to core certificates of deposit. Core certificates of deposit is comprised primarily of consumer certificates of deposit both over and under $100,000. Other domestic time deposits of $100,000 or more is comprised primarily of individual retirement accounts greater than $100,000 and public fund certificates of deposit greater than $100,000.

5

Huntington Bancshares Incorporated
Quarterly Average Loans and Direct Financing Leases
     and Deposit Composition By Business Segment
(Unaudited)

	Average Balances										Change
	2006						2005				3Q06 vs 3Q05
(in millions)	Third		Second		First		Fourth		Third		Amount			Percent
Loans and direct financing leases (1)
Regional Banking:
Central Ohio	$	3,646	$	3,624	$	3,191	$	3,228	$	3,186	$	460			14.4	%
Northern Ohio		2,666		2,617		2,520		2,546		2,551		115			4.5
Southern Ohio / Kentucky		2,196		2,198		2,092		2,064		2,075		121			5.8
Eastern Ohio		1,397		1,433		872		372		375		1,022			N.M.
West Michigan		2,408		2,386		2,362		2,382		2,377		31			1.3
East Michigan		1,592		1,566		1,551		1,536		1,506		86			5.7
West Virginia		1,068		1,013		966		963		944		124			13.1
Indiana		950		978		1,018		972		979		(29	)		(3.0	)
Mortgage and equipment leasing groups		3,598		3,495		3,458		3,461		3,433		165			4.8
Regional Banking		19,521		19,310		18,030		17,524		17,426		2,095			12.0
Dealer Sales		4,972		5,134		5,183		5,225		5,316		(344	)		(6.5	)
Private Financial and Capital Markets Group		1,820		1,757		1,718		1,719		1,706		114			6.7
Treasury / Other		—		—		—		—		—		—			—
Total loans and direct financing leases	$	26,313	$	26,201	$	24,931	$	24,468	$	24,448	$	1,865			7.6	%
Deposit composition (1)
Regional Banking:
Central Ohio	$	4,778	$	4,810	$	4,602	$	4,498	$	4,480	$	298			6.7	%
Northern Ohio		3,619		3,539		3,603		3,546		3,505		114			3.3
Southern Ohio / Kentucky		2,193		2,244		2,058		1,938		1,861		332			17.8
Eastern Ohio		1,750		1,758		989		585		577		1,173			N.M.
West Michigan		2,901		2,805		2,791		2,774		2,666		235			8.8
East Michigan		2,311		2,253		2,255		2,287		2,257		54			2.4
West Virginia		1,498		1,497		1,471		1,428		1,408		90			6.4
Indiana		825		822		746		743		747		78			10.4
Mortgage and equipment leasing groups		183		189		162		202		215		(32	)		(14.9	)
Regional Banking		20,058		19,917		18,677		18,001		17,716		2,342			13.2
Dealer Sales		58		56		58		63		72		(14	)		(19.4	)
Private Financial and Capital Markets Group		1,142		1,144		1,150		1,161		1,134		8			0.7
Treasury / Other		3,335		3,267		3,143		3,217		3,294		41			1.2
Total deposits	$	24,593	$	24,384	$	23,028	$	22,442	$	22,216	$	2,377			10.7	%

⁽¹⁾ Prior period amounts have been reclassified to conform to the current period business segment structure.

6

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)

	2006									2005						3Q06 vs 3Q05
(in thousands, except per share amounts)	Third			Second			First			Fourth			Third			Amount			Percent
Interest income	$	538,988		$	521,903		$	464,787		$	442,476		$	420,858		$	118,130			28.1	%
Interest expense		283,675			259,708			221,107			198,800			179,221			104,454			58.3
Net interest income		255,313			262,195			243,680			243,676			241,637			13,676			5.7
Provision for credit losses		14,162			15,745			19,540			30,831			17,699			(3,537	)		(20.0	)
Net interest income after provision for credit losses		241,151			246,450			224,140			212,845			223,938			17,213			7.7
Service charges on deposit accounts		48,718			47,225			41,222			42,083			44,817			3,901			8.7
Trust services		22,490			22,676			21,278			20,425			19,671			2,819			14.3
Brokerage and insurance income		14,697			14,345			15,193			13,101			13,948			749			5.4
Bank owned life insurance income		12,125			10,604			10,242			10,389			10,104			2,021			20.0
Other service charges and fees		12,989			13,072			11,509			11,488			11,449			1,540			13.5
Mortgage banking (loss) income		(2,166	)		20,355			17,832			10,909			21,116			(23,282	)		N.M.
Securities (losses) gains (1)		(57,332	)		(35	)		(20	)		(8,770	)		101			(57,433	)		N.M.
Gains on sales of automobile loans		863			532			448			455			502			361			71.9
Other income		36,946			22,102			24,782			24,708			11,210			25,736			N.M.
Sub-total before operating lease income		89,330			150,876			142,486			124,788			132,918			(43,588	)		(32.8	)
Automobile operating lease income		8,580			12,143			17,048			22,534			27,822			(19,242	)		(69.2	)
Total non-interest income		97,910			163,019			159,534			147,322			160,740			(62,830	)		(39.1	)
Personnel costs		133,823			137,904			131,557			116,111			117,476			16,347			13.9
Net occupancy		18,109			17,927			17,966			17,940			16,653			1,456			8.7
Outside data processing and other services		18,664			19,569			19,851			19,693			18,062			602			3.3
Equipment		17,249			18,009			16,503			16,093			15,531			1,718			11.1
Professional services		6,438			6,292			5,365			7,440			8,323			(1,885	)		(22.6	)
Marketing		7,846			10,374			7,301			7,145			6,364			1,482			23.3
Telecommunications		4,818			4,990			4,825			4,453			4,512			306			6.8
Printing and supplies		3,416			3,764			3,074			3,084			3,102			314			10.1
Amortization of intangibles		2,902			2,992			1,075			218			203			2,699			N.M.
Other expense		23,177			21,880			18,227			20,995			21,189			1,988			9.4
Sub-total before operating lease expense		236,442			243,701			225,744			213,172			211,415			25,027			11.8
Automobile operating lease expense		5,988			8,658			12,671			17,183			21,637			(15,649	)		(72.3	)
Total non-interest expense		242,430			252,359			238,415			230,355			233,052			9,378			4.0
Income before income taxes		96,631			157,110			145,259			129,812			151,626			(54,995	)		(36.3	)
Provision (benefit) for income taxes(2)		(60,815	)		45,506			40,803			29,239			43,052			(103,867	)		N.M.
Net income	$	157,446		$	111,604		$	104,456		$	100,573		$	108,574		$	48,872			45.0	%
Average common shares — diluted		240,896			244,538			234,363			229,718			233,456			7,440			3.2	%
Per common share
Net income — diluted	$	0.65		$	0.46		$	0.45		$	0.44		$	0.47		$	0.18			38.3
Cash dividends declared		0.250			0.250			0.250			0.215			0.215			0.035			16.3
Return on average total assets		1.75	%		1.25	%		1.26	%		1.22	%		1.32	%		0.43	%		32.6
Return on average total shareholders’ equity		21.0			14.9			15.5			15.5			16.5			4.5			27.3
Net interest margin(3)		3.22			3.34			3.32			3.34			3.31			(0.09	)		(2.7	)
Efficiency ratio(4)		57.8			58.1			58.3			57.0			57.4			0.4			0.7
Effective tax rate		(62.9	)		29.0			28.1			22.5			28.4			(91.3	)		N.M.
Revenue — fully taxable equivalent (FTE)
Net interest income	$	255,313		$	262,195		$	243,680		$	243,676		$	241,637		$	13,676			5.7
FTE adjustment		4,090			3,984			3,836			3,837			3,734			356			9.5
Net interest income (3)		259,403			266,179			247,516			247,513			245,371			14,032			5.7
Non-interest income		97,910			163,019			159,534			147,322			160,740			(62,830	)		(39.1	)
Total revenue (3)	$	357,313		$	429,198		$	407,050		$	394,835		$	406,111		$	(48,798	)		(12.0	)%

N.M., not a meaningful value.
(1)	Includes $57.5 million of securities impairment losses as of September 30, 2006, due to the planned review of the securities portfolio.
(2)	Includes an $84.5 million benefit reflecting the resolution of a federal income tax audit of tax years 2002 and 2003.
(3)	On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.
(4)	Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains (losses).

7

Huntington Bancshares Incorporated
Quarterly Mortgage Banking Income and Net Impact of MSR Hedging
(Unaudited)

	2006									2005						3Q06 vs 3Q05
(in thousands)	Third			Second			First			Fourth			Third			Amount			Percent
Mortgage Banking Income
Origination fees	$	2,036		$	2,177		$	1,977		$	1,979		$	3,037		$	(1,001	)		(33.0	)%
Secondary marketing		1,034			4,914			2,022			3,346			3,408			(2,374	)		(69.7	)
Servicing fees		6,077			5,995			5,925			5,791			5,532			545			9.9
Amortization of capitalized servicing (4)		(4,484	)		(3,293	)		(3,532	)		(3,785	)		(4,626	)		142			3.1
Other mortgage banking income		3,887			2,280			2,227			3,193			3,308			579			17.5
Sub-total		8,550			12,073			8,619			10,524			10,659			(2,109	)		(19.8	)
MSR valuation adjustment		(10,716	)		8,281			9,213			385			10,457			(21,173	)		N.M.
Total mortgage banking income (loss)	$	(2,166	)	$	20,354		$	17,832		$	10,909		$	21,116		$	(23,282	)		N.M.	%
Capitalized mortgage servicing rights (1)	$	129,317		$	136,244		$	123,257		$	91,259		$	85,940		$	43,377			50.5	%
MSR allowance (1)		—			—			—			(404	)		(789	)		789			N.M.
Total mortgages serviced for others (1)		7,994,000			7,725,000			7,585,000			7,276,000			7,081,000			913,000			12.9
MSR % of investor servicing portfolio		1.62	%		1.76	%		1.63	%		1.25	%		1.21	%		0.41	%		33.9
Net Impact of MSR Hedging
MSR valuation adjustment (3) (4)	$	(10,716	)	$	8,281		$	9,213		$	385		$	10,457		$	(21,173	)		N.M.	%
Net trading gains (losses) related to MSR hedging(2)		10,678			(6,739	)		(4,638	)		(2,091	)		(12,831	)		23,509			N.M.
Net interest income related to MSR hedging		38			—			—			109			233			(195	)		(83.7	)
Net impact of MSR hedging	$	—		$	1,542		$	4,575		$	(1,597	)	$	(2,141	)	$	2,141			N.M.	%

N.M., not a meaningful value.

⁽¹⁾ At period end.

⁽²⁾ Included in other non-interest income.

⁽³⁾ The first quarter of 2006 and subsequent quarters reflect the adoption of SFAS 156, under which MSRs are recorded and accounted for at fair value. Prior periods reflect temporary impairment or recovery, based on accounting for MSRs at the lower of cost or market.

⁽⁴⁾ The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

8

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)

	2006									2005
(in thousands)	Third			Second			First			Fourth			Third
Allowance for loan and lease losses, beginning of period	$	287,517		$	283,839		$	268,347		$	253,943		$	254,784
Acquired allowance for loan and lease losses		100	(1)		1,498	(1)		22,187			—			—
Loan and lease losses		(29,127	)		(24,325	)		(33,405	)		(27,072	)		(25,830	)
Recoveries of loans previously charged off		7,888			10,373			9,189			9,504			7,877
Net loan and lease losses		(21,239	)		(13,952	)		(24,216	)		(17,568	)		(17,953	)
Provision for loan and lease losses		13,774			16,132			17,521			31,972			17,112
Economic reserve transfer		—			—			—			—			—
Allowance of assets sold and securitized		—			—			—			—			—
Allowance for loan and lease losses, end of period	$	280,152		$	287,517		$	283,839		$	268,347		$	253,943
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	38,914		$	39,301		$	36,957		$	38,098		$	37,511
Acquired AULC		—			—			325			—			—
Provision for unfunded loan commitments and letters of credit losses		388			(387	)		2,019			(1,141	)		587
Economic reserve transfer		—			—			—			—			—
Allowance for unfunded loan commitments and letters of credit, end of period	$	39,302		$	38,914		$	39,301		$	36,957		$	38,098
Total allowances for credit losses	$	319,454		$	326,431		$	323,140		$	305,304		$	292,041
Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.86	%		0.89	%		0.88	%		0.89	%		0.84	%
Economic reserve		0.20			0.20			0.21			0.21			0.20
Total loans and leases		1.06	%		1.09	%		1.09	%		1.10	%		1.04	%
Non-performing loans and leases (NPLs)		217			213			209			263			283
Non-performing assets (NPAs)		164			168			183			229			249
Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.21	%		1.24	%		1.24	%		1.25	%		1.19	%
Non-performing loans and leases		247			241			238			300			326
Non-performing assets		187			191			209			261			287

⁽¹⁾ Represents an adjustment of the allowance and corresponding adjustment to loan balances resulting from the Unizan merger.

9

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

	2006									2005
(in thousands)	Third			Second			First			Fourth			Third
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	1,742		$	(484	)	$	6,887		$	(744	)	$	(1,082	)
Middle market commercial real estate:
Construction		(2	)		(161	)		(241	)		(175	)		495
Commercial		644			1,557			210			14			1,779
Middle market commercial real estate		642			1,396			(31	)		(161	)		2,274
Small business		4,451			2,530			3,709			4,465			3,062
Total commercial		6,835			3,442			10,565			3,560			4,254
Consumer:
Automobile loans		1,759			1,172			2,977			3,213			3,895
Automobile leases		2,306			1,758			3,515			3,422			3,105
Automobile loans and leases		4,065			2,930			6,492			6,635			7,000
Home equity		6,734			4,776			4,524			4,498			4,093
Residential mortgage		876			688			715			941			522
Other loans		2,729			2,116			1,920			1,934			2,084
Total consumer		14,404			10,510			13,651			14,008			13,699
Total net charge-offs	$	21,239		$	13,952		$	24,216		$	17,568		$	17,953
Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		0.12	%		(0.04	)%		0.54	%		(0.06	)%		(0.09	)%
Middle market commercial real estate:
Construction		—			(0.05	)		(0.07	)		(0.04	)		0.12
Commercial		0.09			0.22			0.03			—			0.37
Middle market commercial real estate		0.07			0.14			—			(0.02	)		0.25
Small business		0.70			0.41			0.70			0.80			0.54
Total commercial		0.23			0.12			0.38			0.13			0.16
Consumer:
Automobile loans		0.34			0.23			0.60			0.64			0.75
Automobile leases		0.47			0.34			0.63			0.59			0.51
Automobile loans and leases		0.40			0.28			0.62			0.61			0.62
Home equity		0.53			0.38			0.37			0.38			0.34
Residential mortgage		0.07			0.06			0.07			0.09			0.05
Other loans		2.54			1.89			1.72			1.97			2.15
Total consumer		0.40			0.30			0.40			0.41			0.40
Net charge-offs as a % of average loans		0.32	%		0.21	%		0.39	%		0.29	%		0.29	%

10

Huntington Bancshares Incorporated
Quarterly Non-Performing Assets and Past Due Loans and Leases
(Unaudited)

	2006									2005
(in thousands)	September 30,			June 30,			March 31,			December 31,			September 30,
Non-accrual loans and leases:
Middle market commercial and industrial	$	37,082		$	45,713		$	45,723		$	28,888		$	25,431
Middle market commercial real estate		27,538			24,970			18,243			15,763			13,073
Small business		21,356			27,328			28,389			28,931			26,098
Residential mortgage		30,289			22,786			29,376			17,613			16,402
Home equity		13,047			14,466			13,778			10,720			8,705
Total non-performing loans and leases		129,312			135,263			135,509			101,915			89,709
Other real estate, net:
Residential		40,615			34,743			17,481			14,214			11,182
Commercial		1,285			1,062			1,903			1,026			909
Total other real estate, net		41,900			35,805			19,384			15,240			12,091
Total non-performing assets	$	171,212		$	171,068		$	154,893		$	117,155		$	101,800
Non-performing loans and leases guaranteed by the U.S. government (1)	$	33,676		$	30,710		$	18,256		$	7,324		$	6,812
Non-performing loans and leases as a % of total loans and leases		0.49	%		0.51	%		0.52	%		0.42	%		0.37	%
Non-performing assets as a % of total loans and leases and other real estate		0.65			0.65			0.59			0.48			0.42
Accruing loans and leases past due 90 days or more (1)	$	62,054		$	48,829		$	52,297		$	56,138		$	50,780
Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.24	%		0.19	%		0.20	%		0.23	%		0.21	%

	2006									2005
(in thousands)	Third			Second			First			Fourth			Third
Non-performing assets, beginning of period	$	171,068		$	154,893		$	117,155		$	101,800		$	97,418
New non-performing assets (1)		55,490			52,498			53,768			52,553			37,570
Acquired non-performing assets		—			—			33,843			—			—
Returns to accruing status		(11,880	)		(12,143	)		(14,310	)		(3,228	)		(231	)
Loan and lease losses		(14,143	)		(6,826	)		(13,314	)		(9,063	)		(5,897	)
Payments		(16,709	)		(12,892	)		(13,195	)		(21,329	)		(21,203	)
Sales		(12,614	)		(4,462	)		(9,054	)		(3,578	)		(5,857	)
Non-performing assets, end of period	$	171,212		$	171,068		$	154,893		$	117,155		$	101,800

⁽¹⁾ Beginning in the second quarter of 2006, OREO includes balances of foreclosures on loans serviced for GNMA that were reported in 90 day past due loans and leases in prior periods. These balances are fully guaranteed by the US Government.

11

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

Quarterly common stock summary

	2006						2005
(in thousands, except per share amounts)	Third		Second		First		Fourth		Third
Common stock price, per share
High(1)	$	24.820	$	24.410	$	24.750	$	24.640	$	25.410
Low (1)		23.000		23.120		22.560		20.970		22.310
Close		23.930		23.580		24.130		23.750		22.470
Average closing price		23.942		23.732		23.649		23.369		24.227
Dividends, per share
Cash dividends declared on common stock	$	0.250	$	0.250	$	0.250	$	0.215	$	0.215
Common shares outstanding
Average — basic		237,672		241,729		230,968		226,699		229,830
Average — diluted		240,896		244,538		234,363		229,718		233,456
Ending		237,921		237,361		245,183		224,106		229,006
Book value per share	$	13.15	$	12.38	$	12.56	$	11.41	$	11.45
Tangible book value per share		10.50		9.70		9.95		10.44		10.50
Common share repurchases
Number of shares repurchased		—		8,100		4,831		5,175		2,598

Capital adequacy

	2006									2005
(in millions)	September 30,			June 30,			March 31,			December 31,			September 30,
Total risk-weighted assets (2)	$	31,433		$	31,614		$	31,298		$	29,599		$	29,352
Tier 1 leverage ratio (2)		7.92	%		7.62	%		8.53	%		8.34	%		8.50	%
Tier 1 risk-based capital ratio (2)		8.86			8.45			8.94			9.13			9.42
Total risk-based capital ratio (2)		12.71			12.29			12.91			12.42			12.70
Tangible equity / asset ratio		7.13			6.46			6.97			7.19			7.39
Tangible equity / risk-weighted assets ratio (2)		7.94			7.29			7.80			7.91			8.19
Average equity / average assets		8.30			8.39			8.15			7.89			7.97
Other data
Number of employees (full-time equivalent)		7,894			8,075			8,078			7,602			7,586
Number of domestic full-service banking offices (3)		381			379			385			344			346

(1)	High and low stock prices are intra-day quotes obtained from NASDAQ.
(2)	September 30, 2006 figures are estimated.
(3)	Includes Private Financial Group offices in Florida.

12

Huntington Bancshares Incorporated
Quarterly Automobile Operating Lease Performance
(Unaudited)

	2006						2005				3Q06 vs 3Q05
(in thousands)	Third		Second		First		Fourth		Third		Amount			Percent
Balance Sheet:
Average automobile operating lease assets outstanding	$	68,223	$	104,585	$	159,073	$	215,976	$	287,308	$	(219,085	)		(76.3	)%
Income Statement:
Net rental income	$	7,258	$	10,678	$	15,173	$	19,866	$	25,289	$	(18,031	)		(71.3	)%
Fees		401		669		732		1,482		1,419		(1,018	)		(71.7	)
Recoveries — early terminations		921		796		1,143		1,186		1,114		(193	)		(17.3	)
Total automobile operating lease income		8,580		12,143		17,048		22,534		27,822		(19,242	)		(69.2	)
Depreciation and residual losses at termination		5,494		8,083		11,501		15,680		19,670		(14,176	)		(72.1	)
Losses — early terminations		494		575		1,170		1,503		1,967		(1,473	)		(74.9	)
Total automobile operating lease expense		5,988		8,658		12,671		17,183		21,637		(15,649	)		(72.3	)
Net earnings contribution	$	2,592	$	3,485	$	4,377	$	5,351	$	6,185	$	(3,593	)		(58.1	)%

Definition of term(s):

Net rental income includes the lease payments earned on the vehicles that Huntington leases to its customers under operating leases. Fees include late fees, early payment fees and other non-origination fees. Recoveries represent payments received on a cash basis subsequent to a customer’s default on an operating lease and a recognition of an impairment loss on the lease. Depreciation represents the periodic depreciation of vehicles to their residual value owned by Huntington under operating leases and any accelerated depreciation where Huntington expects to receive less than the residual value from the sale of the vehicle and from insurance proceeds at the end of the lease term. Losses represent impairments recognized on vehicles where the lessee has defaulted on the operating lease.

13

Huntington Bancshares Incorporated
Consolidated Year To Date Average Balance Sheets
(Unaudited)

	YTD Average Balances
Fully taxable equivalent basis	Nine Months Ended September 30,						Change
(in millions)	2006			2005			Amount			Percent
Assets
Interest bearing deposits in banks	$	44		$	22		$	22			100.0	%
Trading account securities		115			237			(122	)		(51.5	)
Federal funds sold and securities purchased under resale agreements		251			298			(47	)		(15.8	)
Loans held for sale		279			303			(24	)		(7.9	)
Investment securities:
Taxable		4,333			3,662			671			18.3
Tax-exempt		562			453			109			24.1
Total investment securities		4,895			4,115			780			19.0
Loans and leases:(1)
Commercial:
Middle market commercial and industrial		5,398			4,773			625			13.1
Middle market commercial real estate:
Construction		1,272			1,680			(408	)		(24.3	)
Commercial		2,674			1,903			771			40.5
Middle market commercial real estate		3,946			3,583			363			10.1
Small business		2,371			2,222			149			6.7
Total commercial		11,715			10,578			1,137			10.7
Consumer:
Automobile loans		2,039			2,052			(13	)		(0.6	)
Automobile leases		2,096			2,451			(355	)		(14.5	)
Automobile loans and leases		4,135			4,503			(368	)		(8.2	)
Home equity		4,969			4,743			226			4.8
Residential mortgage		4,563			4,053			510			12.6
Other loans		442			379			63			16.6
Total consumer		14,109			13,678			431			3.2
Total loans and leases		25,824			24,256			1,568			6.5
Allowance for loan and lease losses		(289	)		(269	)		(20	)		(7.4	)
Net loans and leases		25,535			23,987			1,548			6.5
Total earning assets		31,408			29,231			2,177			7.4
Automobile operating lease assets		110			397			(287	)		(72.3	)
Cash and due from banks		823			911			(88	)		(9.7	)
Intangible assets		545			218			327			N.M.
All other assets		2,425			2,158			267			12.4
Total Assets	$	35,022		$	32,646		$	2,376			7.3	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,513		$	3,358		$	155			4.6	%
Demand deposits — interest bearing		7,734			7,712			22			0.3
Savings and other domestic time deposits		3,041			3,213			(172	)		(5.4	)
Core certificates of deposit(2)		4,939			3,146			1,793			57.0
Total core deposits		19,227			17,429			1,798			10.3
Other domestic time deposits of $100,000 or more(2)		1,055			903			152			16.8
Brokered deposits and negotiable CDs		3,238			3,088			150			4.9
Deposits in foreign offices		487			446			41			9.2
Total deposits		24,007			21,866			2,141			9.8
Short-term borrowings		1,790			1,347			443			32.9
Federal Home Loan Bank advances		1,453			1,088			365			33.5
Subordinated notes and other long-term debt		3,570			4,190			(620	)		(14.8	)
Total interest bearing liabilities		27,307			25,133			2,174			8.6
All other liabilities		1,303			1,569			(266	)		(17.0	)
Shareholders’ equity		2,899			2,586			313			12.1
Total Liabilities and Shareholders’ Equity	$	35,022		$	32,646		$	2,376			7.3	%

N.M., not a meaningful value.

(1)

For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

(2)

For the current and all prior periods, consumer CDs of $100,000 or more have been reclassified from other domestic time deposits of $100,000 or more to core certificates of deposit. Core certificates of deposit is comprised primarily of consumer certificates of deposit both over and under $100,000. Other domestic time deposits of $100,000 or more is comprised primarily of individual retirement accounts greater than $100,000 and public fund certificates of deposit greater than $100,000.

14

Huntington Bancshares Incorporated
Consolidated Year To Date Net Interest Margin Analysis
(Unaudited)

	YTD Average Rates (2)
	Nine Months Ended September 30,
Fully Taxable Equivalent basis(1)	2006			2005
Assets
Interest bearing deposits in banks		6.16	%		4.32	%
Trading account securities		3.08			4.00
Federal funds sold and securities purchased under resale agreements		4.76			2.79
Loans held for sale		6.13			5.63
Investment securities:
Taxable		5.29			4.09
Tax-exempt		6.78			6.69
Total investment securities		5.46			4.37
Loans and leases(3):
Commercial:
Middle market commercial and industrial		7.14			5.52
Middle market commercial real estate:
Construction		7.97			6.06
Commercial		7.33			5.58
Middle market commercial real estate		7.54			5.81
Small business		7.03			6.00
Total commercial		7.25			5.72
Consumer:
Automobile loans		6.51			6.61
Automobile leases		5.02			4.92
Automobile loans and leases		5.75			5.69
Home equity		7.32			6.04
Residential mortgage		5.40			5.18
Other loans		9.17			8.25
Total consumer		6.30			5.73
Total loans and leases		6.73			5.73
Total earning assets		6.50	%		5.49	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%
Demand deposits — interest bearing		2.67			1.65
Savings and other domestic time deposits		1.61			1.33
Core certificates of deposit(4)		4.13			3.50
Total core deposits		2.92			1.99
Other domestic time deposits of $100,000 or more(4)		4.87			3.18
Brokered deposits and negotiable CDs		5.11			3.27
Deposits in foreign offices		2.82			1.89
Total deposits		3.37			2.26
Short-term borrowings		3.94			2.23
Federal Home Loan Bank advances		4.28			2.99
Subordinated notes and other long-term debt		5.55			3.82
Total interest bearing liabilities		3.74			2.55
Net interest rate spread		2.76			2.94
Impact of non-interest bearing funds on margin		0.53			0.39
Net interest margin		3.29	%		3.33	%

N.M., not a meaningful value.

(1)	Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 16 for the FTE adjustment.
(2)	Loan and lease and deposit average rates include impact of applicable derivatives and non-deferrable fees.
(3)	For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.
(4)	For the current and all prior periods, consumer CDs of $100,000 or more have been reclassified from other domestic time deposits of $100,000 or more to core certificates of deposit. Core certificates of deposit is comprised primarily of consumer certificates of deposit both over and under $100,000. Other domestic time deposits of $100,000 or more is comprised primarily of individual retirement accounts greater than $100,000 and public fund certificates of deposit greater than $100,000.

15

Huntington Bancshares Incorporated
Selected Year To Date Income Statement Data
(Unaudited)

	Nine Months Ended September 30,						Change
(in thousands, except per share amounts)	2006			2005			Amount			Percent
Interest income	$	1,525,678		$	1,199,289		$	326,389			27.2	%
Interest expense		764,490			480,554			283,936			59.1
Net interest income		761,188			718,735			42,453			5.9
Provision for credit losses		49,447			50,468			(1,021	)		(2.0	)
Net interest income after provision for credit losses		711,741			668,267			43,474			6.5
Service charges on deposit accounts		137,165			125,751			11,414			9.1
Trust services		66,444			56,980			9,464			16.6
Brokerage and insurance income		44,235			40,518			3,717			9.2
Bank owned life insurance income		32,971			30,347			2,624			8.6
Other service charges and fees		37,570			32,860			4,710			14.3
Mortgage banking income		36,021			30,801			5,220			16.9
Securities (losses) gains(1)		(57,387	)		715			(58,102	)		N.M.
Gains on sales of automobile loans		1,843			756			1,087			N.M.
Other income		83,830			55,751			28,079			50.4
Sub-total before operating lease income		382,692			374,479			8,213			2.2
Automobile operating lease income		37,771			110,481			(72,710	)		(65.8	)
Total non-interest income		420,463			484,960			(64,497	)		(13.3	)
Personnel costs		403,284			365,547			37,737			10.3
Net occupancy		54,002			53,152			850			1.6
Outside data processing and other services		58,084			54,945			3,139			5.7
Equipment		51,761			47,031			4,730			10.1
Professional services		18,095			27,129			(9,034	)		(33.3	)
Marketing		25,521			19,134			6,387			33.4
Telecommunications		14,633			14,195			438			3.1
Printing and supplies		10,254			9,489			765			8.1
Amortization of intangibles		6,969			611			6,358			N.M.
Other expense		63,284			61,565			1,719			2.8
Sub-total before operating lease expense		705,887			652,798			53,089			8.1
Automobile operating lease expense		27,317			86,667			(59,350	)		(68.5	)
Total non-interest expense		733,204			739,465			(6,261	)		(0.8	)
Income before income taxes		399,000			413,762			(14,762	)		(3.6	)
Provision for income taxes(2)		25,494			102,244			(76,750	)		(75.1	)
Net income	$	373,506		$	311,518		$	61,988			19.9	%
Average common shares — diluted		239,933			234,727			5,206			2.2	%
Per common share
Net income per common share — diluted	$	1.56		$	1.33		$	0.23			17.3	%
Cash dividends declared		0.750			0.630			0.120			19.0
Return on average total assets		1.43	%		1.28	%		0.15	%		11.7	%
Return on average total shareholders’ equity		17.2			16.1			1.1			6.8
Net interest margin(3)		3.29			3.33			(0.04	)		(1.2	)
Efficiency ratio(4)		58.1			60.9			(2.8	)		(4.6	)
Effective tax rate		6.4			24.7			(18.3	)		(74.1	)
Revenue — fully taxable equivalent (FTE)
Net interest income	$	761,188		$	718,735		$	42,453			5.9	%
FTE adjustment(3)		11,910			9,556			2,354			24.6
Net interest income		773,098			728,291			44,807			6.2
Non-interest income		420,463			484,960			(64,497	)		(13.3	)
Total revenue	$	1,193,561		$	1,213,251		$	(19,690	)		(1.6	)%

N.M., not a meaningful value.
(1)	Includes $57.5 million of securities impairment losses as of September 30, 2006, due to the planned review of the securities portfolio.
(2)	Includes an $84.5 million benefit reflecting the resolution of a federal income tax audit of tax years 2002 and 2003.
(3)	On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.
(4)	Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains (losses).

16

Huntington Bancshares Incorporated
Year To Date Mortgage Banking Income and Net Impact of MSR Hedging
(Unaudited)

	Nine Months Ended September 30,						Change
(in thousands)	2006			2005			Amount			Percent
Mortgage Banking Income
Origination fees	$	6,190		$	8,802		$	(2,612	)		(29.7)	%
Secondary marketing		7,970			7,640			330			4.3
Servicing fees		17,997			16,390			1,607			9.8
Amortization of capitalized servicing (4)		(11,309	)		(14,574	)		3,265			22.4
Other mortgage banking income		8,394			8,557			(163	)		(1.9	)
Sub-total		29,242			26,815			2,427			9.1
MSR recovery / (impairment)		6,778			3,986			2,792			70.0
Total mortgage banking income (loss)	$	36,020		$	30,801		$	5,219			16.9	%
Capitalized mortgage servicing rights (1)	$	129,317		$	85,940		$	43,377			50.5	%
MSR allowance (1)		—			(789	)		789			N.M.
Total mortgages serviced for others (1)		7,994,000			7,081,000			913,000			12.9
MSR % of investor servicing portfolio		1.62	%		1.21	%		0.41	%		33.9
Net Impact of MSR Hedging
MSR valuation adjustment (3) (4)	$	6,778		$	3,986		$	2,792			70.0	%
Net trading gains (losses) related to MSR hedging(2)		(699	)		(11,286	)		10,587			(93.8	)
Net interest income related to MSR hedging		38			1,579			(1,541	)		(97.6	)
Net impact of MSR hedging	$	6,117		$	(5,721	)	$	11,838			N.M.	%

N.M., not a meaningful value.
(1)	At period end.
(2)	Included in other non-interest income.
(3)	The first quarter of 2006 and subsequent quarters, reflect the adoption of SFAS 156, under which MSRs were recorded and accounted for at fair value. Prior periods reflect temporary impairment or recovery, based on accounting for MSRs at the lower of cost or market.
(4)	The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

17

Huntington Bancshares Incorporated
Year To Date Credit Reserves Analysis
(Unaudited)

	Nine Months Ended September 30,
(in thousands)	2006			2005
Allowance for loan and lease losses, beginning of period	$	268,347		$	271,211
Acquired allowance for loan and lease losses		23,784			—
Loan and lease losses		(86,857	)		(88,776	)
Recoveries of loans previously charged off		27,451			26,287
Net loan and lease losses		(59,406	)		(62,489	)
Provision for loan and lease losses		47,427			51,810
Economic reserve transfer		—			(6,253	)
Allowance of assets sold and securitized		—			(336	)
Allowance for loan and lease losses, end of period	$	280,152		$	253,943
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	36,957		$	33,187
Acquired AULC		325			—
Provision for unfunded loan commitments and letters of credit losses		2,020			(1,342	)
Economic reserve transfer		—			6,253
Allowance for unfunded loan commitments and letters of credit, end of period	$	39,302		$	38,098
Total allowances for credit losses	$	319,454		$	292,041
Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.86	%		0.84	%
Economic reserve		0.20			0.20
Total loans and leases		1.06	%		1.04	%
Non-performing loans and leases (NPLs)		217			283
Non-performing assets (NPAs)		164			249
Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.21	%		1.19	%
Non-performing loans and leases		247			326
Non-performing assets		187			287
N.A., not applicable.

18

Huntington Bancshares Incorporated
Year To Date Net Charge-Off Analysis
(Unaudited)

	Nine Months Ended September 30,
(in thousands)	2006			2005
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	8,145		$	14,322
Middle market commercial real estate:
Construction		(404	)		310
Commercial		2,411			3,896
Middle market commercial real estate		2,007			4,206
Small business		10,690			7,486
Total commercial		20,842			26,014
Consumer:
Automobile loans		5,908			8,775
Automobile leases		7,579			8,242
Automobile loans and leases		13,487			17,017
Home equity		16,034			13,121
Residential mortgage		2,279			1,391
Other loans		6,764			4,946
Total consumer		38,564			36,475
Total net charge-offs	$	59,406		$	62,489
Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		0.20	%		0.40	%
Middle market commercial real estate:
Construction		(0.04	)		0.02
Commercial		0.12			0.27
Middle market commercial real estate		0.07			0.16
Small business		0.60			0.45
Total commercial		0.24			0.33
Consumer:
Automobile loans		0.39			0.57
Automobile leases		0.48			0.45
Automobile loans and leases		0.43			0.50
Home equity		0.43			0.37
Residential mortgage		0.07			0.05
Other loans		2.04			1.74
Total consumer		0.36			0.36
Net charge-offs as a % of average loans		0.31	%		0.34	%
N.M., not a meaningful value.

19

Huntington Bancshares Incorporated
Year To Date Non-Performing Assets and Past Due Loans and Leases
(Unaudited)

	September 30,
(in thousands)	2006			2005
Non-accrual loans and leases:
Middle market commercial and industrial	$	37,082		$	25,431
Middle market commercial real estate		27,538			13,073
Small business		21,356			26,098
Residential mortgage		30,289			16,402
Home equity		13,047			8,705
Total non-performing loans and leases		129,312			89,709
Other real estate, net:
Residential		40,615			11,182
Commercial		1,285			909
Total other real estate, net		41,900			12,091
Total non-performing assets	$	171,212		$	101,800
Non-performing loans and leases guaranteed by the U.S. government (1)	$	33,676		$	6,812
Non-performing loans and leases as a % of total loans and leases		0.49	%		0.37	%
Non-performing assets as a % of total loans and leases and other real estate		0.65			0.42
Accruing loans and leases past due 90 days or more (1)	$	62,054		$	50,780
Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.24	%		0.21	%

	September 30,
(in thousands)	2006			2005
Non-performing assets, beginning of period	$	117,155		$	108,568
New non-performing assets (1)		161,756			118,597
Acquired non-performing assets		33,843			—
Returns to accruing status		(38,333	)		(4,319	)
Loan and lease losses		(34,283	)		(29,756	)
Payments		(42,796	)		(43,532	)
Sales		(26,130	)		(47,758	)
Non-performing assets, end of period	$	171,212		$	101,800

⁽¹⁾ Beginning in the second quarter of 2006, OREO includes balances of foreclosures on loans serviced for GNMA that were reported in 90 day past due loans and leases in prior periods. These balances are fully guaranteed by the US Government.

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Huntington Bancshares Incorporated
Year To Date Automobile Operating Lease Performance
(Unaudited)

	Nine Months Ended September 30,				2006 vs 2005
(in thousands)	2006		2005		Amount			Percent
Balance Sheet:
Average automobile operating lease assets outstanding	$	110,294	$	396,787	$	(286,493	)		(72.2)	%
Income Statement:
Net rental income	$	33,109	$	101,235	$	(68,126	)		(67.3	)
Fees		1,802		5,049		(3,247	)		(64.3	)
Recoveries — early terminations		2,860		4,197		(1,337	)		(31.9	)
Total automobile operating lease income		37,771		110,481		(72,710	)		(65.8	)
Depreciation and residual losses at termination		25,078		79,136		(54,058	)		(68.3	)
Losses — early terminations		2,239		7,531		(5,292	)		(70.3	)
Total automobile operating lease expense		27,317		86,667		(59,350	)		(68.5	)
Net earnings contribution	$	10,454	$	23,814	$	(13,360	)		(56.1	)%

Definition of terms:

Net rental income includes the lease payments earned on the vehicles that Huntington leases to its customers under operating leases. Fees include late fees, early payment fees and other non-origination fees. Recoveries represent payments received on a cash basis subsequent to a customer’s default on an operating lease and a recognition of an impairment loss on the lease. Depreciation represents the periodic depreciation of vehicles to their residual value owned by Huntington under operating leases and any accelerated depreciation where Huntington expects to receive less than the residual value from the sale of the vehicle and from insurance proceeds at the end of the lease term. Losses represent impairments recognized on vehicles where the lessee has defaulted on the operating lease.

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