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

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
June 2007

Table of Contents

Consolidated Balance Sheets	1
Loans and Leases Composition	2
Deposit Composition	3
Consolidated Quarterly Average Balance Sheets	4
Consolidated Quarterly Net Interest Margin Analysis	5
Quarterly Average Loans and Leases and Deposit Composition By Business Segment	6
Selected Quarterly Income Statement Data	7
Quarterly Mortgage Banking Income	8
Quarterly Credit Reserves Analysis	9
Quarterly Net Charge-Off Analysis	10
Quarterly Non-Performing Loans (NPLs), Non-Performing Assets (NPAs) and Past Due Loans and Leases	11
Quarterly Stock Summary, Capital, and Other Data	12
Consolidated Year To Date Average Balance Sheets	13
Consolidated Year To Date Net Interest Margin Analysis	14
Selected Year to Date Income Statement Data	15
Year To Date Mortgage Banking Income	16
Year To Date Credit Reserves Analysis	17
Year To Date Net Charge-Off Analysis	18
Year To Date Non-Performing Loans (NPLs), Non-Performing Assets (NPAs) and Past Due Loans and Leases	19

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.

Contents

Huntington Bancshares Incorporated
Consolidated Balance Sheets

										Change
	2007			2006						June ’07 vs ’06
(in thousands, except number of shares)	June 30,			December 31,			June 30,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	889,818		$	1,080,163		$	876,121		$	13,697			1.6	%
Federal funds sold and securities purchased under resale agreements		857,080			440,584			365,592			491,488			N.M.
Interest bearing deposits in banks		200,192			74,168			37,576			162,616			N.M.
Trading account securities		619,836			36,056			113,376			506,460			N.M.
Loans held for sale		348,272			270,422			298,871			49,401			16.5
Investment securities		3,863,182			4,362,924			5,124,682			(1,261,500	)		(24.6	)
Loans and leases(1)		26,811,513			26,153,425			26,354,581			456,932			1.7
Allowance for loan and lease losses		(307,519	)		(272,068	)		(287,517	)		(20,002	)		7.0
Net loans and leases		26,503,994			25,881,357			26,067,064			436,930			1.7
Bank owned life insurance		1,107,042			1,089,028			1,070,909			36,133			3.4
Premises and equipment		398,436			372,772			365,763			32,673			8.9
Goodwill		569,738			570,876			571,697			(1,959	)		(0.3	)
Other intangible assets		54,646			59,487			64,141			(9,495	)		(14.8	)
Accrued income and other assets		1,008,450			1,091,182			1,309,985			(301,535	)		(23.0	)
Total Assets	$	36,420,686		$	35,329,019		$	36,265,777		$	154,909			0.4	%
Liabilities and Shareholders’ Equity
Liabilities
Deposits(2)	$	24,599,912		$	25,047,770		$	24,592,932		$	6,980			0.0	%
Short-term borrowings		2,860,939			1,676,189			2,125,932			735,007			34.6
Federal Home Loan Bank advances		1,397,398			996,821			1,271,678			125,720			9.9
Other long-term debt		2,016,199			2,229,140			2,716,784			(700,585	)		(25.8	)
Subordinated notes		1,494,197			1,286,657			1,255,278			238,919			19.0
Allowance for unfunded loan commitments and letters of credit		41,630			40,161			38,914			2,716			7.0
Deferred federal income tax liability		321,393			443,921			615,543			(294,150	)		(47.8	)
Accrued expenses and other liabilities		624,877			594,034			709,560			(84,683	)		(11.9	)
Total Liabilities		33,356,545			32,314,693			33,326,621			29,924			0.1
Shareholders’ equity
Preferred stock — authorized 6,617,808 shares; none outstanding		—			—			—			—			—
Common stock —
No par value and 500,000,000 authorized; issued 257,866,255 shares; outstanding 235,474,366 and 237,361,333 shares, respectively		—			2,560,569			2,552,094			(2,552,094	)		(100.0	)
Par value of $0.01 and authorized 1,000,000,000 shares at June 30, 2007; issued 257,866,255 shares; outstanding 236,244,063 shares		2,579			—			—			2,579			—
Capital surplus		2,565,185			—			—			2,565,185			—
Less 21,622,192; 22,391,889 and 20,504,922 treasury shares at cost, respectively		(489,633	)		(506,946	)		(457,758	)		(31,875	)		7.0
Accumulated other comprehensive loss		(80,790	)		(55,066	)		(44,091	)		(36,699	)		83.2
Retained earnings		1,066,800			1,015,769			888,911			177,889			20.0
Total Shareholders’ Equity		3,064,141			3,014,326			2,939,156			124,985			4.3
Total Liabilities and Shareholders’ Equity	$	36,420,686		$	35,329,019		$	36,265,777		$	154,909			0.4	%

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
Loans and Leases Composition

													Change
	2007				2006								June ’07 vs ’06
(in thousands)	June 30,				December 31,				June 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	6,210,709	23.2	%	$	5,961,445	22.8	%	$	5,654,537	21.5	%	$	556,172			9.8	%
Middle market commercial real estate:											—
Construction		1,382,722	5.2			1,228,641	4.7			1,179,603	4.5			203,119			17.2
Commercial		2,950,864	11.0			2,722,599	10.4			2,783,982	10.6			166,882			6.0
Middle market commercial real estate		4,333,586	16.2			3,951,240	15.1			3,963,585	15.1			370,001			9.3
Small business		2,507,728	9.4			2,441,837	9.3			2,413,646	9.1			94,082			3.9
Total commercial		13,052,023	48.8			12,354,522	47.2			12,031,768	45.7			1,020,255			8.5
Consumer:
Automobile loans		2,424,105	9.0			2,125,821	8.1			2,059,836	7.8			364,269			17.7
Automobile leases		1,488,903	5.6			1,769,424	6.8			2,042,213	7.7			(553,310	)		(27.1	)
Home equity		5,015,506	18.7			4,926,900	18.8			5,047,990	19.2			(32,484	)		(0.6	)
Residential mortgage		4,398,720	16.4			4,548,849	17.4			4,739,814	18.0			(341,094	)		(7.2	)
Other loans		432,256	1.5			427,909	1.7			432,960	1.6			(704	)		(0.2	)
Total consumer		13,759,490	51.2			13,798,903	52.8			14,322,813	54.3			(563,323	)		(3.9	)
Total loans and leases	$	26,811,513	100.0		$	26,153,425	100.0		$	26,354,581	100.0		$	456,932			1.7
By Business Segment
Regional Banking:
Central Ohio	$	3,899,692	14.5	%	$	3,787,631	14.5	%	$	3,830,352	14.5	%	$	55,558			1.4	%
Northwest Ohio		449,232	1.7			461,622	1.8			450,961	1.7			(1,729	)		(0.4	)
Cleveland		2,099,941	7.8			1,920,421	7.3			1,966,013	7.5			133,928			6.8
Greater Akron/Canton		1,330,102	5.0			1,326,374	5.1			1,422,016	5.4			(91,914	)		(6.5	)
Southern Ohio/Kentucky		2,275,224	8.5			2,190,115	8.4			2,190,554	8.3			84,670			3.9
Mahoning Valley		—	—			—	—			—	—			—			—
Ohio Valley		—	—			—	—			—	—			—			—
West Michigan		2,439,517	9.1			2,421,085	9.3			2,397,688	9.1			41,829			1.7
East Michigan		1,654,934	6.2			1,630,050	6.2			1,591,995	6.0			62,939			4.0
Western Pennsylvania		—	—			—	—			—	—			—			—
Pittsburgh		—	—			—	—			—	—			—			—
Central Indiana		1,004,934	3.7			962,575	3.7			947,262	3.6			57,672			6.1
West Virginia		1,148,573	4.3			1,123,817	4.3			1,071,552	4.1			77,021			7.2
Mortgage and equipment leasing groups		3,634,720	13.5			3,576,634	13.6			3,595,044	13.7			39,676			1.1
Regional Banking		19,936,869	74.4			19,400,324	74.2			19,463,437	73.9			459,650			2.4
Dealer Sales		4,944,386	18.4			4,908,764	18.8			5,082,282	19.3			(133,611	)		(2.6	)
Private Financial and Capital Markets Group		1,930,258	7.2			1,844,337	7.0			1,808,862	6.8			130,893			7.3
Treasury / Other		—	—			—	—			—	—			—			—
Total loans and leases	$	26,811,513	100.0	%	$	26,153,425	100.0	%	$	26,354,581	100.0	%	$	456,932			1.7	%

2

Huntington Bancshares Incorporated
Deposit Composition

													Change
	2007				2006								June ’07 vs ’06
(in thousands)	June 30,				December 31,				June 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Demand deposits — non-interest bearing	$	3,625,540	14.7	%	$	3,615,745	14.4	%	$	3,530,828	14.4	%	$	94,712			2.7	%
Demand deposits — interest bearing		2,496,250	10.1			2,389,085	9.5			2,228,028	9.1			268,222			12.0
Money market deposits		5,323,707	21.6			5,362,459	21.4			5,474,283	22.3
Savings and other domestic deposits		2,845,945	11.6			2,986,287	11.9			3,125,513	12.7			(279,568	)		(8.9	)
Core certificates of deposit		5,738,598	23.3			5,364,610	21.4			5,171,410	21.0			567,188			11.0
Total core deposits		20,030,040	81.3			19,718,186	78.6			19,530,062	79.5			499,978			2.6
Other domestic deposits of $100,000 or more		1,052,545	4.3			1,191,984	4.8			1,111,153	4.5			(58,608	)		(5.3	)
Brokered deposits and negotiable CDs		2,920,726	11.9			3,345,943	13.4			3,475,032	14.1			(554,306	)		(16.0	)
Deposits in foreign offices		596,601	2.5			791,657	3.2			476,685	1.9			119,916			25.2
Total deposits	$	24,599,912	100.0	%	$	25,047,770	100.0	%	$	24,592,932	100.0	%	$	6,980			0.0	%
Total core deposits:
Commercial	$	6,267,644	31.3	%	$	6,063,372	30.8	%	$	5,906,817	30.2	%	$	360,827			6.1	%
Personal		13,762,396	68.7			13,654,814	69.2			13,623,245	69.8			139,151			1.0
Total core deposits	$	20,030,040	100.0	%	$	19,718,186	100.0	%	$	19,530,062	100.0	%	$	499,978			2.6	%
By Business Segment
Regional Banking:
Central Ohio	$	5,330,347	21.7	%	$	5,337,964	21.3	%	$	5,150,636	20.9	%	$	185,537			3.6	%
Northwest Ohio		1,097,765	4.5			1,043,918	4.2			991,449	4.0			106,316			10.7
Cleveland		2,025,824	8.2			1,995,203	8.0			2,022,416	8.2			3,408			0.2
Greater Akron/Canton		1,883,329	7.7			1,894,707	7.6			1,886,177	7.7			(2,848	)		(0.2	)
Southern Ohio/Kentucky		2,353,087	9.6			2,275,880	9.1			2,226,410	9.1			126,677			5.7
Mahoning Valley		—	—			—	—			—	—			—			—
Ohio Valley		—	—			—	—			—	—			—			—
West Michigan		2,820,076	11.5			2,757,434	11.0			2,794,728	11.4			25,348			0.9
East Michigan		2,357,108	9.6			2,418,450	9.7			2,258,800	9.2			98,308			4.4
Western Pennsylvania		—	—			—	—			—	—			—			—
Pittsburgh		—	—			—	—			—	—			—			—
Central Indiana		851,839	3.5			819,106	3.3			828,706	3.4			23,133			2.8
West Virginia		1,586,407	6.4			1,515,999	6.1			1,514,592	6.2			71,815			4.7
Mortgage and equipment leasing groups		176,214	0.7			171,946	0.7			165,846	0.7			10,368			6.3
Regional Banking		20,481,996	83.3			20,230,607	80.8			19,839,760	80.6			648,062			3.3
Dealer Sales		57,554	0.2			58,885	0.2			60,513	0.2			(3,106	)		(5.1	)
Private Financial and Capital Markets Group		1,103,760	4.5			1,162,335	4.7			1,217,627	5.0			(119,546	)		(9.8	)
Treasury / Other (1)		2,956,602	12.0			3,595,943	14.3			3,475,032	14.2			(518,430	)		(14.9	)
Total deposits	$	24,599,912	100.0	%	$	25,047,770	100.0	%	$	24,592,932	100.0	%	$	6,980			0.0	%

⁽¹⁾ 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	2007						2006									2Q07 vs 2Q06
(in millions)	Second			First			Fourth			Third			Second			Amount			Percent
Assets
Interest bearing deposits in banks	$	208		$	93		$	77		$	75		$	36		$	172			N.M.	%
Trading account securities		230			48			116			96			100			130			N.M.
Federal funds sold and securities purchased under resale agreements		574			503			531			266			285			289			N.M.
Loans held for sale		291			242			265			275			287			4			1.4
Investment securities:
Taxable		3,253			3,595			3,792			4,364			4,494			(1,241	)		(27.6	)
Tax-exempt		629			591			594			581			556			73			13.1
Total investment securities		3,882			4,186			4,386			4,945			5,050			(1,168	)		(23.1	)
Loans and leases: (1)
Commercial:
Middle market commercial and industrial		6,209			6,070			5,882			5,651			5,512			697			12.6
Middle market commercial real estate:
Construction		1,245			1,151			1,170			1,129			1,248			(3	)		(0.2	)
Commercial		2,865			2,772			2,839			2,846			2,845			20			0.7
Middle market commercial real estate		4,110			3,923			4,009			3,975			4,093			17			0.4
Small business		2,499			2,466			2,421			2,413			2,351			148			6.3
Total commercial		12,818			12,459			12,312			12,039			11,956			862			7.2
Consumer:
Automobile loans		2,322			2,215			2,111			2,079			2,044			278			13.6
Automobile leases		1,551			1,698			1,838			1,976			2,095			(544	)		(26.0	)
Automobile loans and leases		3,873			3,913			3,949			4,055			4,139			(266	)		(6.4	)
Home equity		4,973			4,913			4,973			5,041			5,029			(56	)		(1.1	)
Residential mortgage		4,351			4,496			4,635			4,748			4,629			(278	)		(6.0	)
Other loans		424			422			430			430			448			(24	)		(5.4	)
Total consumer		13,621			13,744			13,987			14,274			14,245			(624	)		(4.4	)
Total loans and leases		26,439			26,203			26,299			26,313			26,201			238			0.9
Allowance for loan and lease losses		(297	)		(278	)		(282	)		(291	)		(293	)		(4	)		(1.4	)
Net loans and leases		26,142			25,925			26,017			26,022			25,908			234			0.9
Total earning assets		31,624			31,275			31,674			31,970			31,959			(335	)		(1.0	)
Cash and due from banks		799			826			830			823			832			(33	)		(4.0	)
Intangible assets		626			627			631			634			638			(12	)		(1.9	)
All other assets		2,398			2,480			2,617			2,633			2,554			(156	)		(6.1	)
Total Assets	$	35,150		$	34,930		$	35,470		$	35,769		$	35,690		$	(540	)		(1.5	)%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,591		$	3,530		$	3,580		$	3,509		$	3,594		$	(3	)		(0.1	)%
Demand deposits — interest bearing		2,404			2,349			2,219			2,169			2,187			217			9.9
Money market deposits		5,466			5,489			5,548			5,689			5,591			(125	)		(2.2	)
Savings and other domestic deposits		2,863			2,827			2,849			2,923			3,106			(243	)		(7.8	)
Core certificates of deposit		5,591			5,455			5,380			5,334			5,083			508			10.0
Total core deposits		19,915			19,650			19,576			19,624			19,561			354			1.8
Other domestic deposits of $100,000 or more		1,124			1,219			1,282			1,141			1,086			38			3.5
Brokered deposits and negotiable CDs		2,682			3,020			3,252			3,307			3,263			(581	)		(17.8	)
Deposits in foreign offices		552			562			598			521			474			78			16.5
Total deposits		24,273			24,451			24,708			24,593			24,384			(111	)		(0.5	)
Short-term borrowings		2,075			1,863			1,832			1,660			2,042			33			1.6
Federal Home Loan Bank advances		1,329			1,128			1,121			1,349			1,557			(228	)		(14.6	)
Subordinated notes and other long-term debt		3,470			3,487			3,583			3,921			3,428			42			1.2
Total interest bearing liabilities		27,556			27,399			27,664			28,014			27,817			(261	)		(0.9	)
All other liabilities		960			987			1,142			1,276			1,284			(324	)		(25.2	)
Shareholders’ equity		3,043			3,014			3,084			2,970			2,995			48			1.6
Total Liabilities and Shareholders’ Equity	$	35,150		$	34,930		$	35,470		$	35,769		$	35,690		$	(540	)		(1.5	)%

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

4

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

	Average Rates (2)
	2007						2006
Fully taxable equivalent basis(1)	Second			First			Fourth			Third			Second
Assets
Interest bearing deposits in banks		8.05	%		5.13	%		5.50	%		5.23	%		7.05	%
Trading account securities		5.74			5.27			4.10			4.32			4.51
Federal funds sold and securities purchased under resale agreements		5.28			5.24			5.35			5.13			4.75
Loans held for sale		5.79			6.27			6.01			6.24			6.23
Investment securities:
Taxable		6.11			6.13			6.05			5.49			5.34
Tax-exempt		6.69			6.66			6.68			6.80			6.83
Total investment securities		6.20			6.21			6.13			5.64			5.51
Loans and leases: (3)
Commercial:
Middle market commercial and industrial		7.39			7.48			7.55			7.40			7.49
Middle market commercial real estate:
Construction		7.62			8.41			8.37			8.49			8.02
Commercial		7.34			7.64			7.57			7.86			6.92
Middle market commercial real estate		7.42			7.87			7.80			8.05			7.25
Small business		7.30			7.24			7.18			7.13			6.94
Total commercial		7.38			7.56			7.56			7.56			7.30
Consumer:
Automobile loans		7.10			6.92			6.75			6.62			6.48
Automobile leases		5.34			5.25			5.21			5.10			5.01
Automobile loans and leases		6.39			6.25			6.03			5.88			5.74
Home equity		7.63			7.67			7.75			7.62			7.46
Residential mortgage		5.61			5.54			5.55			5.46			5.39
Other loans		9.57			9.52			9.28			9.41			9.21
Total consumer		6.69			6.58			6.58			6.46			6.35
Total loans and leases		7.03			7.05			7.04			6.96			6.79
Total earning assets		6.93	%		6.98	%		6.86	%		6.73	%		6.55	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits — interest bearing		1.22			1.21			1.04			0.97			0.86
Money market deposits		3.85			3.78			3.75			3.66			3.32
Savings and other domestic deposits		2.16			2.02			1.90			1.75			1.59
Core certificates of deposit		4.79			4.72			4.58			4.40			4.10
Total core deposits		3.49			3.41			3.32			3.20			2.89
Other domestic deposits of $100,000 or more		5.30			5.32			5.29			5.18			4.83
Brokered deposits and negotiable CDs		5.53			5.50			5.53			5.50			5.12
Deposits in foreign offices		3.16			2.99			3.18			3.12			2.68
Total deposits		3.84			3.81			3.78			3.66			3.34
Short-term borrowings		4.50			4.32			4.21			4.10			4.12
Federal Home Loan Bank advances		4.76			4.44			4.50			4.51			4.34
Subordinated notes and other long-term debt		5.96			5.77			5.96			5.75			5.67
Total interest bearing liabilities		4.20	%		4.14	%		4.12	%		4.02	%		3.74	%
Net interest rate spread		2.73	%		2.84	%		2.74	%		2.71	%		2.81	%
Impact of non-interest bearing funds on margin		0.54			0.52			0.54			0.51			0.53
Net interest margin		3.27	%		3.36	%		3.28	%		3.22	%		3.34	%

(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.

5

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

	Average Balances										Change
	2007				2006						2Q07 vs 2Q06
(in millions)	Second		First		Fourth		Third		Second		Amount			Percent
Loans and direct financing leases (1)
Regional Banking:
Central Ohio	$	3,872	$	3,828	$	3,857	$	3,875	$	3,806	$	66			1.7	%
Cleveland		2,064		1,964		1,942		1,961		1,931		133			6.9
Southern Ohio/Kentucky		2,205		2,181		2,171		2,191		2,190		15			0.7
Northwest Ohio		452		455		469		462		443		9			2.0
Greater Akron/Canton		1,328		1,326		1,337		1,403		1,509		(181	)		(12.0	)
Mahoning Valley		—		—		—		—		—		—			—
Ohio Valley		—		—		—		—		—		—			—
West Michigan		2,447		2,441		2,439		2,408		2,386		61			2.6
East Michigan		1,639		1,626		1,609		1,585		1,559		80			5.1
Western Pennsylvania		—		—		—		—		—		—			—
Pittsburgh		—		—		—		—		—		—			—
Central Indiana		982		959		991		944		973		9			0.9
West Virginia		1,128		1,106		1,114		1,084		1,021		107			10.5
Mortgage and equipment leasing groups		3,546		3,553		3,606		3,608		3,492		54			1.5
Regional Banking		19,663		19,439		19,535		19,521		19,310		353			1.8
Dealer Sales		4,888		4,917		4,915		4,972		5,134		(246	)		(4.8	)
Private Financial and Capital Markets Group		1,888		1,847		1,849		1,820		1,757		131			7.5
Treasury / Other		—		—		—		—		—		—			—
Total loans and direct financing leases	$	26,439	$	26,203	$	26,299	$	26,313	$	26,201	$	238			0.9	%
Deposit composition (1)
Regional Banking:
Central Ohio	$	5,300	$	5,168	$	5,163	$	5,154	$	5,169	$	134			2.6	%
Northwest Ohio		1,070		1,061		1,010		1,019		985		85			8.6
Cleveland		2,024		2,005		2,068		2,079		2,041		(17	)		(0.8	)
Greater Akron/Canton		1,898		1,903		1,890		1,894		1,912		(14	)		(0.7	)
Southern Ohio/Kentucky		2,333		2,285		2,229		2,193		2,244		89			4.0
Mahoning Valley		—		—		—		—		—		—			—
Ohio Valley		—		—		—		—		—		—			—
West Michigan		2,784		2,790		2,818		2,897		2,803		(19	)		(0.7	)
East Michigan		2,397		2,431		2,370		2,313		2,254		143			6.3
Western Pennsylvania		—		—		—		—		—		—			—
Pittsburgh		—		—		—		—		—		—			—
Central Indiana		854		870		922		825		821		33			4.0
West Virginia		1,535		1,533		1,522		1,501		1,499		36			2.4
Mortgage and equipment leasing groups		201		175		196		183		189		12			6.3
Regional Banking		20,396		20,221		20,188		20,058		19,917		482			2.4
Dealer Sales		55		52		56		58		56		(2	)		(3.5	)
Private Financial and Capital Markets Group		1,140		1,146		1,170		1,142		1,144		(6	)		(0.5	)
Treasury / Other		2,682		3,032		3,294		3,335		3,267		(585	)		(17.9	)
Total deposits	$	24,273	$	24,451	$	24,708	$	24,593	$	24,384	$	(111	)		(0.5	)%

⁽¹⁾ Prior period amounts have been reclassified to conform to the current period presentation.

6

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

	2007						2006									2Q07 vs 2Q06
(in thousands, except per share amounts)	Second			First			Fourth			Third			Second			Amount			Percent
Interest income	$	542,461		$	534,949		$	544,841		$	538,988		$	521,903		$	20,558			3.9	%
Interest expense		289,070			279,394			286,852			283,675			259,708			29,362			11.3
Net interest income		253,391			255,555			257,989			255,313			262,195			(8,804	)		(3.4	)
Provision for credit losses		60,133			29,406			15,744			14,162			15,745			44,388			N.M.
Net interest income after provision for credit losses		193,258			226,149			242,245			241,151			246,450			(53,192	)		(21.6	)
Service charges on deposit accounts		50,017			44,793			48,548			48,718			47,225			2,792			5.9
Trust services		26,764			25,894			23,511			22,490			22,676			4,088			18.0
Brokerage and insurance income		17,199			16,082			14,600			14,697			14,345			2,854			19.9
Other service charges and fees		14,923			13,208			13,784			12,989			13,072			1,851			14.2
Bank owned life insurance income		10,904			10,851			10,804			12,125			10,604			300			2.8
Mortgage banking income		7,122			9,351			6,169			8,512			13,616			(6,494	)		(47.7	)
Gains on sales of automobile loans		915			1,144			1,252			863			532			383			72.0
Securities gains (losses)		(5,139	)		104			(15,804	)		(57,332	)		(35	)		(5,104	)		N.M.
Other income(2)		33,488			23,750			37,742			34,848			40,984			(7,496	)		(18.3	)
Total non-interest income		156,193			145,177			140,606			97,910			163,019			(6,826	)		(4.2	)
Personnel costs		135,191			134,639			137,944			133,823			137,904			(2,713	)		(2.0	)
Outside data processing and other services		25,701			21,814			20,695			18,664			19,569			6,132			31.3
Net occupancy		19,417			19,908			17,279			18,109			17,927			1,490			8.3
Equipment		17,157			18,219			18,151			17,249			18,009			(852	)		(4.7	)
Marketing		8,986			7,696			6,207			7,846			10,374			(1,388	)		(13.4	)
Professional services		8,101			6,482			8,958			6,438			6,292			1,809			28.8
Telecommunications		4,577			4,126			4,619			4,818			4,990			(413	)		(8.3	)
Printing and supplies		3,672			3,242			3,610			3,416			3,764			(92	)		(2.4	)
Amortization of intangibles		2,519			2,520			2,993			2,902			2,992			(473	)		(15.8	)
Other expense(2)		19,334			23,426			47,334			29,165			30,538			(11,204	)		(36.7	)
Total non-interest expense		244,655			242,072			267,790			242,430			252,359			(7,704	)		(3.1	)
Income before income taxes		104,796			129,254			115,061			96,631			157,110			(52,314	)		(33.3	)
Provision (benefit) for income taxes(6)		24,275			33,528			27,346			(60,815	)		45,506			(21,231	)		(46.7	)
Net income	$	80,521		$	95,726		$	87,715		$	157,446		$	111,604		$	(31,083	)		(27.9)	%
Average common shares — diluted		239,008			238,754			239,881			240,896			244,538			(5,530	)		(2.3)	%
Per common share
Net income — diluted	$	0.34		$	0.40		$	0.37		$	0.65		$	0.46		$	(0.12	)		(26.1	)
Cash dividends declared		0.265			0.265			0.250			0.250			0.250			0.015			6.0
Return on average total assets		0.92	%		1.11	%		0.98	%		1.75	%		1.25			(0.33)	%		(26.4	)
Return on average total shareholders’ equity		10.6			12.9			11.3			21.0			14.9			(4.3	)		(28.9	)
Return on average tangible shareholders’ equity(3)		13.6			16.5			14.5			27.1			19.3
Net interest margin(4)		3.27			3.36			3.28			3.22			3.34			(0.07	)		(2.1	)
Efficiency ratio(5)		57.8			59.2			63.3			57.8			58.1			(0.3	)		(0.5	)
Effective tax rate		23.2			25.9			23.8			(62.9	)		29.0			(5.8	)		(20.0	)
Revenue — fully taxable equivalent (FTE)
Net interest income	$	253,391		$	255,555		$	257,989		$	255,313		$	262,195		$	(8,804	)		(3.4	)
FTE adjustment		4,127			4,047			4,115			4,090			3,984			143			3.6
Net interest income (4)		257,518			259,602			262,104			259,403			266,179			(8,661	)		(3.3	)
Non-interest income		156,193			145,177			140,606			97,910			163,019			(6,826	)		(4.2	)
Total revenue (4)	$	413,711		$	404,779		$	402,710		$	357,313		$	429,198		$	(15,487	)		(3.6)	%

N.M., not a meaningful value.

(1)	Comparisons for presented periods are impacted by a number of factors. Refer to the ‘Significant Items Influencing Financial Performance Comparisons’ contained in the July 19, 2007 earnings release for additional discussion regarding these key factors.
(2)	Automobile operating lease income and expense is included in ‘Other Income’ and ‘Other Expense’, respectively.
(3)	Net income less expense for amortization of intangibles (net of tax) for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average identifiable intangible assets and goodwill.
(4)	On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.
(5)	Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains (losses).
(6)	The third quarter of 2006 included an $84.5 million benefit reflecting the resolution of a federal income tax audit of tax years 2002 and 2003.

7

Huntington Bancshares Incorporated
Quarterly Mortgage Banking Income
(Unaudited)

	2007						2006									2Q07 vs 2Q06
(in thousands)	Second			First			Fourth			Third			Second			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	6,771		$	4,940		$	4,057		$	3,070		$	7,091		$	(320	)		(4.5)	%
Servicing fees		6,976			6,820			6,662			6,077			5,995			981			16.4
Amortization of capitalized servicing (1)		(4,449	)		(3,638	)		(3,835	)		(4,484	)		(3,293	)		(1,156	)		(35.1	)
Other mortgage banking income		2,822			3,247			1,778			3,887			2,281			541			23.7
Sub-total		12,120			11,369			8,662			8,550			12,074			46			0.4
MSR valuation adjustment(1)		16,034			(1,057	)		(1,907	)		(10,716	)		8,281			7,753			93.6
Net trading gains (losses) related to MSR hedging		(21,032	)		(961	)		(586	)		10,678			(6,739	)		(14,293	)		N.M.
Total mortgage banking income	$	7,122		$	9,351		$	6,169		$	8,512		$	13,616		$	(6,494	)		(47.7)	%
Capitalized mortgage servicing rights (2)	$	155,420		$	134,845		$	131,104		$	129,317		$	136,244		$	19,176			14.1	%
Total mortgages serviced for others (2)		8,693,000			8,494,000			8,252,000			7,994,000			7,725,000			968,000			12.5
MSR % of investor servicing portfolio		1.79	%		1.59	%		1.59	%		1.62	%		1.76	%		0.03	%		1.7
Net Impact of MSR Hedging
MSR valuation adjustment (1)	$	16,034		$	(1,057	)	$	(1,907	)	$	(10,716	)	$	8,281		$	7,753			93.6	%
Net trading gains (losses) related to MSR hedging		(21,032	)		(961	)		(586	)		10,678			(6,739	)		(14,293	)		N.M.
Net interest income related to MSR hedging		248			—			(2	)		38			—			248			—
Net impact of MSR hedging	$	(4,750	)	$	(2,018	)	$	(2,495	)	$	—		$	1,542		$	(6,292	)		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.

8

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)

	2007						2006
(in thousands)	Second			First			Fourth			Third			Second
Allowance for loan and lease losses, beginning of period	$	282,976		$	272,068		$	280,152		$	287,517		$	283,839
Acquired allowance for loan and lease losses		—			—			—			100	(1)		1,498	(1)
Loan and lease losses		(44,158	)		(27,813	)		(32,835	)		(29,127	)		(24,325	)
Recoveries of loans previously charged off		9,658			9,695			9,866			7,888			10,373
Net loan and lease losses		(34,500	)		(18,118	)		(22,969	)		(21,239	)		(13,952	)
Provision for loan and lease losses		59,043			29,026			14,885			13,774			16,132
Allowance for loan and lease losses, end of period	$	307,519		$	282,976		$	272,068		$	280,152		$	287,517
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	40,541		$	40,161		$	39,302		$	38,914		$	39,301
Acquired AULC		—			—			—			—			—
Provision for unfunded loan commitments and letters of credit losses		1,090			380			859			388			(387	)
Allowance for unfunded loan commitments and letters of credit, end of period	$	41,631		$	40,541		$	40,161		$	39,302		$	38,914
Total allowances for credit losses	$	349,150		$	323,517		$	312,229		$	319,454		$	326,431
Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.94	%		0.89	%		0.86	%		0.86	%		0.89	%
Economic reserve		0.21			0.19			0.18			0.20			0.20
Total loans and leases		1.15	%		1.08	%		1.04	%		1.06	%		1.09	%
Non-performing loans and leases (NPLs)		145			180			189			217			213
Non-performing assets (NPAs)		118			137			141			164			168
Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.30	%		1.23	%		1.19	%		1.21	%		1.24	%
Non-performing loans and leases		165			206			217			247			241
Non-performing assets		134			157			161			187			191

⁽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)

	2007						2006
(in thousands)	Second			First			Fourth			Third			Second
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	3,628		$	(11	)	$	(1,827	)	$	1,742		$	(484	)
Middle market commercial real estate:
Construction		2,876			9			3,957			(2	)		(161	)
Commercial		10,428			377			144			644			1,557
Middle market commercial real estate		13,304			386			4,101			642			1,396
Small business		3,603			2,089			4,535			4,451			2,530
Total commercial		20,535			2,464			6,809			6,835			3,442
Consumer:
Automobile loans		1,631			2,853			2,422			1,759			1,172
Automobile leases		2,699			2,201			2,866			2,306			1,758
Automobile loans and leases		4,330			5,054			5,288			4,065			2,930
Home equity		5,405			5,968			5,820			6,734			4,776
Residential mortgage		1,695			1,931			2,226			876			688
Other loans		2,535			2,701			2,826			2,729			2,116
Total consumer		13,965			15,654			16,160			14,404			10,510
Total net charge-offs	$	34,500		$	18,118		$	22,969		$	21,239		$	13,952
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Middle market commercial and industrial		0.23	%		—	%		(0.12)	%		0.12	%		(0.04)	%
Middle market commercial real estate:
Construction		0.92			—			1.35			—			(0.05	)
Commercial		1.46			0.05			0.02			0.09			0.22
Middle market commercial real estate		1.29			0.04			0.41			0.06			0.14
Small business		0.58			0.34			0.75			0.74			0.43
Total commercial		0.64			0.08			0.22			0.23			0.12
Consumer:
Automobile loans		0.28			0.52			0.46			0.34			0.23
Automobile leases		0.70			0.52			0.62			0.47			0.34
Automobile loans and leases		0.45			0.52			0.54			0.40			0.28
Home equity		0.43			0.49			0.47			0.53			0.38
Residential mortgage		0.16			0.17			0.19			0.07			0.06
Other loans		2.39			2.56			2.63			2.54			1.89
Total consumer		0.41			0.46			0.46			0.40			0.30
Net charge-offs as a % of average loans		0.52	%		0.28	%		0.35	%		0.32	%		0.21	%

10

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

	2007						2006
(in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,
Non-accrual loans and leases:
Middle market commercial and industrial	$	41,644		$	32,970		$	35,657		$	37,082		$	45,713
Middle market commercial real estate		81,108			42,458			34,831			27,538			24,970
Small business		32,059			30,015			25,852			21,356			27,328
Residential mortgage		39,868			35,491			32,527			30,289			22,786
Home equity		16,837			16,396			15,266			13,047			14,466
Total non-performing loans and leases		211,516			157,330			144,133			129,312			135,263
Other real estate, net:
Residential		47,712			47,762			47,898			40,615			34,743
Commercial		1,957			1,586			1,589			1,285			1,062
Total other real estate, net		49,669			49,348			49,487			41,900			35,805
Total non-performing assets	$	261,185		$	206,678		$	193,620		$	171,212		$	171,068
Non-performing assets guaranteed by the U.S. government	$	24,877		$	28,748		$	33,858		$	33,676		$	30,710
Non-performing loans and leases as a % of total loans and leases		0.79	%		0.60	%		0.55	%		0.49	%		0.51	%
Non-performing assets as a % of total loans and leases and other real estate		0.97			0.79			0.74			0.65			0.65
Accruing loans and leases past due 90 days or more	$	67,277		$	70,179		$	59,114		$	62,054		$	48,829
Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.25	%		0.27	%		0.23	%		0.24	%		0.19	%

	2007						2006
(in thousands)	Second			First			Fourth			Third			Second
Non-performing assets, beginning of period	$	206,678		$	193,620		$	171,212		$	171,068		$	154,893
New non-performing assets		112,348			51,588			60,287			55,490			52,498
Returns to accruing status		(4,674	)		(6,176	)		(5,666	)		(11,880	)		(12,143	)
Loan and lease losses		(27,149	)		(9,072	)		(11,908	)		(14,143	)		(6,826	)
Payments		(19,662	)		(18,086	)		(16,673	)		(16,709	)		(12,892	)
Sales		(6,356	)		(5,196	)		(3,632	)		(12,614	)		(4,462	)
Non-performing assets, end of period	$	261,185		$	206,678		$	193,620		$	171,212		$	171,068

11

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

Quarterly common stock summary

	2007						2006
(in thousands, except per share amounts)	Second			First			Fourth			Third			Second
Common stock price, per share
High(1)	$	22.960		$	24.140		$	24.970		$	24.820		$	24.410
Low(1)		21.300			21.610			22.870			23.000			23.120
Close		22.740			21.850			23.750			23.930			23.580
Average closing price		22.231			23.117			24.315			23.942			23.732
Dividends, per share
Cash dividends declared on common stock	$	0.265		$	0.265		$	0.250		$	0.250		$	0.250
Common shares outstanding
Average — basic		236,032			235,586			236,426			237,672			241,729
Average — diluted		239,008			238,754			239,881			240,896			244,538
Ending		236,244			235,714			235,474			237,921			237,361
Book value per share	$	12.97		$	12.95		$	12.80		$	13.15		$	12.38
Tangible book value per share		10.33			10.29			10.12			10.50			9.70
Common share repurchases
Number of shares repurchased		—			—			3,050			—			8,100
Capital adequacy
	2007						2006
(in millions)	June 30,			March 31,			December 31,			September 30,			June 30,
Total risk-weighted assets (2)	$	32,362		$	31,473		$	31,155		$	31,330		$	31,614
Tier 1 leverage ratio (2)		9.07	%		8.24	%		8.00	%		7.99	%		7.62	%
Tier 1 risk-based capital ratio (2)		9.61			8.98			8.93			8.95			8.45
Total risk-based capital ratio (2)		13.34			12.82			12.79			12.81			12.29
Tangible equity / asset ratio		6.82			7.06			6.87			7.13			6.46
Tangible equity / risk-weighted assets ratio (2)		7.54			7.70			7.65			7.97			7.29
Average equity / average assets		8.66			8.63			8.70			8.30			8.39
Other data
Number of employees (full-time equivalent)		8,275			8,134			8,081			8,077			8,075
Number of domestic full-service banking offices (3)		379			375			381			381			379

(1)	High and low stock prices are intra-day quotes obtained from NASDAQ.
(2)	June 30, 2007 figures are estimated. Based on an interim decision by the banking agencies on December 14, 2006, Huntington has excluded the impact of adopting Statement 158 from the regulatory capital calculations.
(3)	Includes Private Financial Group offices in Florida.

12

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

	YTD Average Balances
Fully taxable equivalent basis	Six Months Ended June 30,						Change
(in millions)	2007			2006			Amount			Percent
Assets
Interest bearing deposits in banks	$	168		$	29		$	139			N.M.	%
Trading account securities		139			83			56			67.5
Federal funds sold and securities purchased under resale agreements		538			243			295			N.M.
Loans held for sale		266			281			(15	)		(5.3	)
Investment securities:
Taxable		3,423			4,317			(894	)		(20.7	)
Tax-exempt		610			552			58			10.5
Total investment securities		4,033			4,869			(836	)		(17.2	)
Loans and leases: (1)
Commercial:
Middle market commercial and industrial		6,140			5,348			792			14.8
Middle market commercial real estate:
Construction		1,199			1,352			(153	)		(11.3	)
Commercial		2,820			2,656			164			6.2
Middle market commercial real estate		4,019			4,008			11			0.3
Small business		2,481			2,194			287			13.1
Total commercial		12,640			11,550			1,090			9.4
Consumer:
Automobile loans		2,269			2,019			250			12.4
Automobile leases		1,624			2,157			(533	)		(24.7	)
Automobile loans and leases		3,893			4,176			(283	)		(6.8	)
Home equity		4,943			4,932			11			0.2
Residential mortgage		4,423			4,468			(45	)		(1.0	)
Other loans		423			448			(25	)		(5.6	)
Total consumer		13,682			14,024			(342	)		(2.4	)
Total loans and leases		26,322			25,574			748			2.9
Allowance for loan and lease losses		(288	)		(288	)		—			—
Net loans and leases		26,034			25,286			748			3.0
Total earning assets		31,466			31,079			387			1.2
Cash and due from banks		796			823			(27	)		(3.3	)
Intangible assets		626			500			126			25.2
All other assets		2,441			2,486			(45	)		(1.8	)
Total Assets	$	35,041		$	34,600		$	441			1.3	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,561		$	3,515		$	46			1.3	%
Demand deposits — interest bearing		2,377			2,081			296			14.2
Money market deposits		5,477			5,590			(113	)		(2.0	)
Savings and other domestic deposits		2,845			3,101			(256	)		(8.3	)
Core certificates of deposit		5,523			4,738			785			16.6
Total core deposits		19,783			19,025			758			4.0
Other domestic deposits of $100,000 or more		1,171			1,012			159			15.7
Brokered deposits and negotiable CDs		2,850			3,203			(353	)		(11.0	)
Deposits in foreign offices		557			469			88			18.8
Total deposits		24,361			23,709			652			2.8
Short-term borrowings		1,970			1,856			114			6.1
Federal Home Loan Bank advances		1,229			1,505			(276	)		(18.3	)
Subordinated notes and other long-term debt		3,478			3,392			86			2.5
Total interest bearing liabilities		27,477			26,947			530			2.0
All other liabilities		974			1,275			(301	)		(23.6	)
Shareholders’ equity		3,029			2,863			166			5.8
Total Liabilities and Shareholders’ Equity	$	35,041		$	34,600		$	441			1.3	%

N.M., not a meaningful value.

⁽¹⁾ For purposes of this analysis, non-accrual loans are reflected in the average balances of loans.

13

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

	YTD Average Rates (2)
	Six Months Ended June 30,
Fully Taxable Equivalent basis(1)	2007			2006
Assets
Interest bearing deposits in banks		6.43	%		7.38	%
Trading account securities		5.66			4.19
Federal funds sold and securities purchased under resale agreements		5.26			4.56
Loans held for sale		6.01			6.08
Investment securities:
Taxable		6.12			5.19
Tax-exempt		6.67			6.77
Total investment securities		6.21			5.37
Loans and leases(3):
Commercial:
Middle market commercial and industrial		7.44			7.29
Middle market commercial real estate:
Construction		8.00			7.76
Commercial		7.49			6.62
Middle market commercial real estate		7.64			7.00
Small business		7.27			6.77
Total commercial		7.47			7.09
Consumer:
Automobile loans		7.01			6.44
Automobile leases		5.29			4.99
Automobile loans and leases		6.29			5.69
Home equity		7.65			7.19
Residential mortgage		5.58			5.37
Other loans		9.55			8.80
Total consumer		6.65			6.22
Total loans and leases		7.04			6.61
Total earning assets		6.96	%		6.38	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%
Demand deposits — interest bearing		1.21			0.79
Money market deposits		3.81			3.18
Savings and other domestic deposits		2.08			1.54
Core certificates of deposit		4.76			3.98
Total core deposits		3.45			2.78
Other domestic deposits of $100,000 or more		5.31			4.70
Brokered deposits and negotiable CDs		5.51			4.91
Deposits in foreign offices		3.07			2.65
Total deposits		3.83			3.21
Short-term borrowings		4.41			3.87
Federal Home Loan Bank advances		4.61			4.17
Subordinated notes and other long-term debt		5.87			5.44
Total interest bearing liabilities		4.16			3.59
Net interest rate spread		2.80			2.79
Impact of non-interest bearing funds on margin		0.51			0.54
Net interest margin		3.31	%		3.33	%

(1)	Fully taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 15 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.

14

Huntington Bancshares Incorporated
Selected Year To Date Income Statement Data⁽¹⁾
(Unaudited)

	Six Months Ended June 30,						Change
(in thousands, except per share amounts)	2007			2006			Amount			Percent
Interest income	$	1,077,410		$	986,690		$	90,719			9.2	%
Interest expense		568,464			480,815			87,649			18.2
Net interest income		508,946			505,875			3,071			0.6
Provision for credit losses		89,539			35,285			54,254			N.M.
Net interest income after provision for credit losses		419,407			470,590			(51,183	)		(10.9	)
Service charges on deposit accounts		94,810			88,447			6,363			7.2
Trust services		52,658			43,954			8,704			19.8
Brokerage and insurance income		33,281			29,538			3,743			12.7
Other service charges and fees		28,131			24,581			3,550			14.4
Bank owned life insurance income		21,755			20,846			909			4.4
Mortgage banking income		16,473			26,810			(10,337	)		(38.6	)
Gains on sales of automobile loans		2,059			980			1,079			N.M.
Securities (losses) gains		(5,035	)		(55	)		(4,980	)		N.M.
Other income(2)		57,238			87,452			(30,214	)		(34.5	)
Total non-interest income		301,370			322,553			(21,183	)		(6.6	)
Personnel costs		269,830			269,461			369			0.1
Outside data processing and other services		47,515			39,420			8,095			20.5
Net occupancy		39,325			35,893			3,432			9.6
Equipment		35,376			34,512			864			2.5
Marketing		16,682			17,675			(993	)		(5.6	)
Professional services		14,583			11,657			2,926			25.1
Telecommunications		8,703			9,815			(1,112	)		(11.3	)
Printing and supplies		6,914			6,838			76			1.1
Amortization of intangibles		5,039			4,067			972			23.9
Other expense (2)		42,760			61,436			(18,676	)		(30.4	)
Total non-interest expense		486,727			490,774			(4,047	)		(0.8	)
Income before income taxes		234,050			302,369			(68,319	)		(22.6	)
Provision for income taxes		57,803			86,309			(28,506	)		(33.0	)
Net income	$	176,247		$	216,060		$	(39,813	)		(18.4)	%
Average common shares — diluted		238,881			239,451			(570	)		(0.2)	%
Per common share
Net income per common share — diluted	$	0.74		$	0.90		$	(0.16	)		(17.8)	%
Cash dividends declared		0.530			0.500			0.030			6.0
Return on average total assets		1.01	%		1.26	%		(0.25)	%		(19.8)	%
Return on average total shareholders’ equity		11.7			15.2			(3.5	)		(23.0	)
Return on average tangible shareholders’ equity(3)		15.1			18.7			(3.6	)		(19.3	)
Net interest margin(4)		3.31			3.33			(0.02	)		(0.6	)
Efficiency ratio(5)		58.5			58.2			0.3			0.5
Effective tax rate		24.7			28.5			(3.8	)		(13.3	)
Revenue — fully taxable equivalent (FTE)
Net interest income	$	508,946		$	505,875		$	3,071			0.6	%
FTE adjustment(4)		8,174			7,820			354			4.5
Net interest income		517,120			513,695			3,425			0.7
Non-interest income		301,370			322,553			(21,183	)		(6.6	)
Total revenue	$	818,490		$	836,248		$	(17,758	)		(2.1)	%

N.M., not a meaningful value.

(1)	Comparisons for presented periods are impacted by a number of factors. Refer to the ‘Significant Items Influencing Financial Performance Comparisons’ contained in the July 19, 2007 earnings release for additional discussion regarding these key factors.
(2)	Automobile operating lease income and expense is included in ‘Other Income’ and ‘Other Expense’, respectively.
(3)	Net income less expense for amortization of intangibles (net of tax) for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average identifiable intangible assets and goodwill.
(4)	On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.
(5)	Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities losses.

15

Huntington Bancshares Incorporated
Year To Date Mortgage Banking Income
(Unaudited)

	Six Months Ended June 30,						Change
(in thousands)	2007			2006			Amount			Percent
Mortgage Banking Income
Origination and secondary marketing	$	11,711		$	11,090		$	621			5.6	%
Servicing fees		13,796			11,920			1,876			15.7
Amortization of capitalized servicing(1)		(8,087	)		(6,825	)		(1,262	)		(18.5	)
Other mortgage banking income		6,069			4,507			1,562			34.7
Sub-total		23,489			20,692			2,797			13.5
MSR valuation adjustment(1)		14,977			17,494			(2,517	)		(14.4	)
Net trading gains (losses) related to MSR hedging		(21,993	)		(11,377	)		(10,616	)		93.3
Total mortgage banking income	$	16,473		$	26,809		$	(10,336	)		(38.6	)%
Capitalized mortgage servicing rights (2)	$	155,420		$	136,244		$	19,176			14.1	%
Total mortgages serviced for others (2)		8,693,000			7,725,000			968,000			12.5
MSR % of investor servicing portfolio		1.79	%		1.76	%		0.03	%		1.7
Net Impact of MSR Hedging
MSR valuation adjustment(1)	$	14,977		$	17,494		$	(2,517	)		(14.4	)%
Net trading gains (losses) related to MSR hedging		(21,993	)		(11,377	)		(10,616	)		93.3
Net interest income related to MSR hedging		248			—			248			—
Net impact of MSR hedging	$	(6,768	)	$	6,117		$	(12,885	)		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.

16

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

	Six Months Ended June 30,
(in thousands)	2007			2006
Allowance for loan and lease losses, beginning of period	$	272,068		$	268,347
Acquired allowance for loan and lease losses		—			23,685
Loan and lease losses		(71,971	)		(57,730	)
Recoveries of loans previously charged off		19,353			19,562
Net loan and lease losses		(52,618	)		(38,168	)
Provision for loan and lease losses		88,069			33,653
Allowance for loan and lease losses, end of period	$	307,519		$	287,517
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	40,161		$	36,957
Acquired AULC		—			325
Provision for unfunded loan commitments and letters of credit losses		1,470			1,632
Allowance for unfunded loan commitments and letters of credit, end of period	$	41,631		$	38,914
Total allowances for credit losses	$	349,150		$	326,431
Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.94	%		0.89	%
Economic reserve		0.21			0.20
Total loans and leases		1.15	%		1.09	%
Non-performing loans and leases (NPLs)		145			213
Non-performing assets (NPAs)		118			168
Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.30	%		1.24	%
Non-performing loans and leases		165			241
Non-performing assets		134			191

17

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

	Six Months Ended June 30,
(in thousands)	2007			2006
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Middle market commercial and industrial	$	3,617		$	6,403
Middle market commercial real estate:
Construction		2,885			(402	)
Commercial		10,805			1,767
Middle market commercial real estate		13,690			1,365
Small business		5,692			6,239
Total commercial		22,999			14,007
Consumer:
Automobile loans		4,484			4,149
Automobile leases		4,900			5,273
Automobile loans and leases		9,384			9,422
Home equity		11,373			9,300
Residential mortgage		3,626			1,403
Other loans		5,236			4,036
Total consumer		29,619			24,161
Total net charge-offs	$	52,618		$	38,168
Net charge-offs (recoveries) — annualized percentages:
Commercial:
Middle market commercial and industrial		0.12	%		0.24	%
Middle market commercial real estate:
Construction		0.48			(0.06	)
Commercial		0.77			0.13
Middle market commercial real estate		0.68			0.07
Small business		0.46			0.57
Total commercial		0.36			0.24
Consumer:
Automobile loans		0.40			0.41
Automobile leases		0.60			0.49
Automobile loans and leases		0.48			0.45
Home equity		0.46			0.38
Residential mortgage		0.16			0.06
Other loans		2.48			1.80
Total consumer		0.43			0.34
Net charge-offs as a % of average loans		0.40	%		0.30	%

18

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

	Six Months Ended June 30,
(in thousands)	2007			2006
Non-accrual loans and leases:
Middle market commercial and industrial	$	41,644		$	45,713
Middle market commercial real estate		81,108			24,970
Small business		32,059			27,328
Residential mortgage		39,868			22,786
Home equity		16,837			14,466
Total non-performing loans and leases		211,516			135,263
Other real estate, net:
Residential		47,712			34,743
Commercial		1,957			1,062
Total other real estate, net		49,669			35,805
Total non-performing assets	$	261,185		$	171,068
Non-performing assets guaranteed by the U.S. government	$	24,877		$	30,710
Non-performing loans and leases as a % of total loans and leases		0.79	%		0.51	%
Non-performing assets as a % of total loans and leases and other real estate		0.97			0.65
Accruing loans and leases past due 90 days or more	$	67,277		$	48,829
Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.25	%		0.19	%
	Six Months Ended June 30,
(in thousands)	2007			2006
Non-performing assets, beginning of period	$	193,620		$	117,155
New non-performing assets(1)		163,936			106,266
Acquired non-performing assets		—			33,843
Returns to accruing status		(10,850	)		(26,453	)
Loan and lease losses		(36,221	)		(20,140	)
Payments		(37,748	)		(26,087	)
Sales		(11,552	)		(13,516	)
Non-performing assets, end of period	$	261,185		$	171,068

⁽¹⁾ Beginning in the second quarter of 2006, new non-performing assets includes OREO balances of loans in foreclosure which are fully guaranteed by the U.S. Government that were reported in 90 day past due loans and leases in prior periods.

19