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

Exhibit 99.3

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Review

December 2011

Table of Contents

Quarterly Key Statistics	1
Annual Key Statistics	2
Key Statistics Footnotes	3
Consolidated Balance Sheets	4
Loans and Leases Composition	5
Deposits Composition	6
Consolidated Quarterly Average Balance Sheets	7
Consolidated Quarterly Net Interest Margin Analysis	8 - 9
Selected Quarterly Income Statement Data	10 - 11
Quarterly Mortgage Banking Income	12
Quarterly Credit Reserves Analysis	13
Quarterly Net Charge-Off Analysis	14
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	15
Quarterly Accruing Past Due Loans and Leases and Accruing Troubled Debt Restructured Loans	16
Quarterly Common Stock Summary, Capital, and Other Data	17
Consolidated Annual Average Balance Sheets	18
Consolidated Annual Net Interest Margin Analysis	19 -20
Selected Annual Income Statement Data	21 -22
Annual Mortgage Banking Income	23
Annual Credit Reserves Analysis	24
Annual Net Charge-Off Analysis	25
Annual Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	26
Annual Accruing Past Due Loans and Leases and Accruing Troubled Debt Restructured Loans	27

Notes:

The preparation of financial statement data in conformity with accounting principles 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.

Non-Regulatory Capital Ratios

In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:

• Tangible common equity to tangible assets,

• Tier 1 common equity to risk-weighted assets using Basel I definition, and

• Tangible common equity to risk-weighted assets using Basel I definition.

These non-regulatory capital ratios are viewed by management as useful additional methods of reflecting the level of capital available to withstand unexpected market conditions. Additionally, presentation of these ratios allows readers to compare the Company’s capitalization to other financial services companies. These ratios differ from capital ratios defined by banking regulators principally in that the numerator excludes preferred securities, the nature and extent of which varies among different financial services companies. These ratios are not defined in Generally Accepted Accounting Principles (“GAAP”) or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.

Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in this press release in their entirety, and not to rely on any single financial measure.

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Key Statistics⁽¹⁾

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011						2010			Percent Changes vs.
(dollar amounts in thousands, except per share amounts)	Fourth			Third			Fourth			3Q11			4Q10
Net interest income	$	415,025		$	406,478		$	415,294			2	%		(0	)%
Provision for credit losses		45,291			43,586			86,973			4			(48	)
Noninterest income		229,352			258,559			264,220			(11	)		(13	)
Noninterest expense		430,274			439,118			434,593			(2	)		(1	)
Income before income taxes		168,812			182,333			157,948			(7	)		7
Provision for income taxes		41,954			38,942			35,048			8			20
Net income	$	126,858		$	143,391		$	122,900			(12	)%		3	%
Dividends on preferred shares		7,703			7,703			83,754			—			(91	)
Net income applicable to common shares	$	119,155		$	135,688		$	39,146			(12	)%		204	%
Net income per common share—diluted	$	0.14		$	0.16		$	0.05			(13	)%		180	%
Cash dividends declared per common share		0.04			0.04			0.01			—			300
Book value per common share at end of period		5.82			5.83			5.35			—			9
Tangible book value per common share at end of period		5.18			5.17			4.66			—			11
Average common shares—basic		864,136			863,911			757,924			—			14
Average common shares—diluted(2)		868,156			867,633			760,582			—			14
Return on average assets		0.92	%		1.05	%		0.90	%
Return on average common shareholders’ equity		9.3			10.8			3.8
Return on average tangible common shareholders’ equity(3)		11.2			13.0			5.6
Net interest margin(4)		3.38			3.34			3.37
Efficiency ratio(5)		64.0			63.5			61.4
Effective tax rate		24.9			21.4			22.2
Average loans and leases	$	39,519,184		$	39,297,235		$	37,800,546			1			5
Average loans and leases—linked quarter annualized growth rate		2.3	%		7.9	%		6.3	%
Average earning assets	$	49,146,561		$	48,777,430		$	49,290,186			1			(0	)
Average total assets		54,650,287			54,192,913			54,146,249			1			1
Average core deposits(6)		41,354,956			39,957,440			38,949,046			4			6
Average core deposits—linked quarter annualized growth rate		14.0	%		8.7	%		9.9	%
Average shareholders’ equity	$	5,445,064		$	5,332,493		$	5,645,445			2			(4	)
Total assets at end of period		54,450,652			54,978,707			53,819,642			(1	)		1
Total shareholders’ equity at end of period		5,418,100			5,400,479			4,980,542			—			9
Net charge-offs (NCOs)		83,917			90,555			172,251			(7	)		(51	)
NCOs as a % of average loans and leases		0.85	%		0.92	%		1.82	%
Nonaccrual loans and leases (NALs)	$	541,080		$	565,003		$	777,948			(4	)		(30	)
NAL ratio		1.39	%		1.45	%		2.04	%
Nonperforming assets (NPAs)	$	590,276		$	613,981		$	844,752			(4	)		(30	)
NPA ratio		1.51	%		1.57	%		2.21	%		(4	)		(32	)
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period		2.48			2.61			3.28
ALLL plus allowance for unfunded loan commitments and letters of credit (ACL) as a % of total loans and leases at the end of period		2.60			2.71			3.39
ACL as a % of NALs		187			187			166
ACL as a % of NPAs		172			172			153
Tier 1 leverage ratio(7)		10.28			10.24			9.41
Tier 1 common risk-based capital ratio(7)		10.00			10.17			9.29
Tier 1 risk-based capital ratio(7)		12.11			12.37			11.55
Total risk-based capital ratio(7)		14.77			15.11			14.46
Tangible common equity / risk-weighted assets ratio(7)		9.75			10.08			9.26
Tangible equity / tangible assets ratio(8)		9.02			8.88			8.24
Tangible common equity / tangible assets ratio(9)		8.30			8.22			7.56

See Notes to the Annual and Quarterly Key Statistics.

1

HUNTINGTON BANCSHARES INCORPORATED

Annual Key Statistics⁽¹⁾

(Unaudited)

		September 30,			September 30,			September 30,			September 30,
	Year Ended December 31,						Change
(dollar amounts in thousands, except per share amounts)	2011			2010			Amount			Percent
Net interest income	$	1,629,170		$	1,618,805		$	10,365			1	%
Provision for credit losses		174,059			634,547			(460,488	)		(73	)
Noninterest income		980,623			1,041,858			(61,235	)		(6	)
Noninterest expense		1,728,500			1,673,805			54,695			3
Income before income taxes		707,234			352,311			354,923			101
Provision for income taxes		164,621			39,964			124,657			312
Net Income	$	542,613		$	312,347		$	230,266			74	%
Dividends on preferred shares		30,813			172,032			(141,219	)		(82	)
Net income applicable to common shares	$	511,800		$	140,315		$	371,485			265	%
Net income per common share - diluted	$	0.59		$	0.19		$	0.40			(211	)%
Cash dividends declared per common share		0.10			0.04			0.06			150
Average common shares - basic		863,691			726,934			136,757			19
Average common shares - diluted(2)		867,624			729,532			138,092			19
Return on average assets		1.01	%		0.59	%
Return on average common shareholders’ equity		10.5			3.7
Return on average tangible common shareholders’ equity(3)		12.7			5.6
Net interest margin(4)		3.38			3.44
Efficiency ratio(5)		63.7			60.4
Effective tax rate		23.3			11.3
Average loans and leases	$	38,867,250		$	37,273,057		$	1,594,192			4	%
Average earning assets		48,574,298			47,420,610			1,153,688			2
Average total assets		53,750,054			52,574,231			1,175,823			2
Average core deposits(6)		39,929,097			38,011,856			1,917,241			5
Average shareholders’ equity		5,237,541			5,482,502			(244,961	)		(4	)
Net charge-offs (NCOs)		437,089			874,474			(437,385	)		(50	)
NCOs as a % of average loans and leases		1.12	%		2.35	%		(1.23	)		(52	)

See Notes to the Annual and Quarterly Key Statistics.

2

Notes to the Annual and Quarterly Key Statistics

⁽¹⁾  Comparisons for all presented periods are impacted by a number of factors. Refer to Significant Items.

⁽²⁾  For all periods presented, the impact of the convertible preferred stock issued in 2008 and the warrants issued to the U.S. Department of the Treasury in 2008 related to Huntington’s participation in the voluntary Capital Purchase Program was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the periods. The convertible preferred stock and warrants were repurchased in December 2010 and January 2011, respectively.

⁽³⁾  Net income excluding expense for amortization of intangibles for the period divided by average tangible shareholders’ equity. Average tangible shareholders’ equity equals average total shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾  On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾  Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

⁽⁶⁾  Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.

⁽⁷⁾  December 31, 2011, figures are estimated.

⁽⁸⁾  Tangible equity (total equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁹⁾  Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

3

Huntington Bancshares Incorporated

Consolidated Balance Sheets

		September 30,			September 30,			September 30,			September 30,			September 30,
										Change
	2011						2010			December ‘11 vs ‘10
(dollar amounts in thousands, except number of shares)	December 31,			September 30,			December 31,			Amount			Percent
	(Unaudited)			(Unaudited)
Assets
Cash and due from banks	$	1,115,968		$	2,190,276		$	847,888		$	268,080			32	%
Interest-bearing deposits in banks		90,943			105,454			135,038			(44,095	)		(33	)
Trading account securities		45,899			85,711			185,404			(139,505	)		(75	)
Loans held for sale		1,618,391			334,606			793,285			825,106			104
Available-for-sale and other securities		8,078,014			8,713,530			9,895,244			(1,817,230	)		(18	)
Held-to-maturity securities		640,551			658,250			—			640,551			—
Loans and leases(1)		38,923,783			39,011,894			38,106,507			817,276			2
Allowance for loan and lease losses		(964,828	)		(1,019,710	)		(1,249,008	)		284,180			(23	)
Net loans and leases		37,958,955			37,992,184			36,857,499			1,101,456			3
Bank owned life insurance		1,549,783			1,537,923			1,500,401			49,382			3
Premises and equipment		564,429			543,324			491,602			72,827			15
Goodwill		444,268			444,268			444,268			—			—
Other intangible assets		175,302			188,477			228,620			(53,318	)		(23	)
Accrued income and other assets		2,168,149			2,184,704			2,440,393			(272,244	)		(11	)
Total assets	$	54,450,652		$	54,978,707		$	53,819,642		$	631,010			1	%
Liabilities and shareholders’ equity
Liabilities
Deposits(2)	$	43,279,625		$	43,219,727		$	41,853,898		$	1,425,727			3	%
Short-term borrowings		1,441,092			2,224,986			2,040,732			(599,640	)		(29	)
Federal Home Loan Bank advances		362,972			14,157			172,519			190,453			110
Other long-term debt		1,231,517			1,421,518			2,144,092			(912,575	)		(43	)
Subordinated notes		1,503,368			1,537,293			1,497,216			6,152			—
Accrued expenses and other liabilities		1,213,978			1,160,547			1,130,643			83,335			7
Total liabilities		49,032,552			49,578,228			48,839,100			193,452			—
Shareholder’s equity
Preferred stock - authorized 6,617,808 shares -
Series B, floating rate, non-voting, non-cumulative perpetual preferred stock, par value of $0.01, and liquidation value per share of $1,000		23,785			—			—			23,785			—
Series A, 8.50% fixed rate, non-cumulative perpetual convertible preferred stock, par value of $0.01, and liquidation value per share of $1,000		362,507			362,507			362,507			—			—
Common stock - Par value of $0.01		8,656			8,652			8,642			14			—
Capital surplus		7,596,809			7,594,090			7,630,093			(33,284	)		—
Less treasury shares, at cost		(10,255	)		(10,161	)		(8,771	)		(1,484	)		17
Accumulated other comprehensive loss		(173,763	)		(80,404	)		(197,496	)
Retained earnings		(2,389,639	)		(2,474,205	)		(2,814,433	)		424,794			(15	)
Total shareholders’ equity		5,418,100			5,400,479			4,980,542			437,558			9
Total liabilities and shareholders’ equity	$	54,450,652		$	54,978,707		$	53,819,642		$	631,010			1	%
Common shares authorized (par value of $0.01)		1,500,000,000			1,500,000,000			1,500,000,000
Common shares issued		865,584,517			865,204,511			864,195,369
Common shares outstanding		864,406,152			864,074,883			863,319,435
Treasury shares outstanding		1,178,365			1,129,628			875,934
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		398,007			362,507			362,507

⁽¹⁾  See page 5 for detail of loans and leases.

⁽²⁾  See page 6 for detail of deposits.

4

Huntington Bancshares Incorporated

Loans and Leases Composition

		September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,
	2011																2010
(dollar amounts in millions)	December 31,				September 30,				June 30,				March 31,				December 31,
	(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type:
Commercial:(1)
Commercial and industrial	$	14,699	38	%	$	13,939	36	%	$	13,544	35	%	$	13,299	35	%	$	13,063	34	%
Commercial real estate:
Construction		580	1			520	1			591	2			587	2			650	2
Commercial		5,246	13			5,414	14			5,573	14			5,711	15			6,001	16
Commercial real estate		5,826	14			5,934	15			6,164	16			6,298	17			6,651	18
Total commercial		20,525	52			19,873	51			19,708	51			19,597	52			19,714	52
Consumer:
Automobile		4,458	11			5,558	14			6,190	16			5,802	15			5,614	15
Home equity		8,215	21			8,079	21			7,952	20			7,784	20			7,713	20
Residential mortgage		5,228	13			4,986	13			4,751	12			4,517	12			4,500	12
Other consumer		498	3			516	1			525	1			546	1			566	1
Total consumer		18,399	48			19,139	49			19,418	49			18,649	48			18,393	48
Total loans and leases	$	38,924	100	%	$	39,012	100	%	$	39,126	100	%	$	38,246	100	%	$	38,107	100	%
Ending Balances by Business Segment:
Retail and Business Banking	$	12,361	32	%	$	12,183	31	%	$	12,019	31	%	$	11,786	31	%	$	11,717	31	%
Regional and Commercial Banking		9,134	23			8,723	22			8,291	21			7,917	21			7,792	20
AFCRE		11,375	29			12,318	32			13,273	34			13,154	34			13,283	35
WGH		5,952	16			5,713	15			5,493	14			5,255	14			5,176	14
Treasury / Other		102	—			75	—			50	—			134	—			139	—
Total loans and leases	$	38,924	100	%	$	39,012	100	%	$	39,126	100	%	$	38,246	100	%	$	38,107	100	%

		September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,
	2011																2010
	Fourth				Third				Second				First				Fourth
Average Balances by Business Segment:
Retail and Business Banking	$	12,302	31	%	$	12,126	31	%	$	11,948	31	%	$	11,780	31	%	$	11,274	30	%
Regional and Commercial Banking		8,902	23			8,495	22			8,069	21			7,824	21			7,657	20
AFCRE		12,496	32			13,101	33			13,145	34			13,208	35			13,299	35
WGH		5,731	14			5,522	14			5,297	14			5,192	13			5,050	14
Treasury / Other		87	—			53	—			76	—			94	—			520	1
Total loans and leases	$	39,518	100	%	$	39,297	100	%	$	38,535	100	%��	$	38,098	100	%	$	37,800	100	%

⁽¹⁾  There were no commercial loans outstanding that would be considered a concentration of lending to a particular industry.

5

Huntington Bancshares Incorporated

Deposits Composition

		September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,
	2011																2010
(dollar amounts in millions)	December 31,				September 30,				June 30,				March 31,				December 31,
	(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Ending Balances by Type:
Demand deposits - noninterest-bearing	$	11,158	26	%	$	9,502	22	%	$	8,210	20	%	$	7,597	18	%	$	7,217	17	%
Demand deposits - interest-bearing		5,722	13			5,763	13			5,642	14			5,532	13			5,469	13
Money market deposits		13,117	30			13,759	32			12,643	31			13,105	32			13,410	32
Savings and other domestic deposits		4,698	11			4,711	11			4,752	11			4,762	12			4,643	11
Core certificates of deposit		6,513	15			7,084	16			7,936	19			8,208	20			8,525	20
Total core deposits		41,208	95			40,819	94			39,183	95			39,204	95			39,264	93
Other domestic deposits of $250,000 or more		390	1			421	1			436	1			531	1			675	2
Brokered deposits and negotiable CDs		1,321	3			1,535	4			1,486	4			1,253	3			1,532	4
Deposits in foreign offices		361	1			445	1			297	—			378	1			383	1
Total deposits	$	43,280	100	%	$	43,220	100	%	$	41,402	100	%	$	41,366	100	%	$	41,854	100	%
Total core deposits:
Commercial	$	16,366	40	%	$	15,526	38	%	$	13,541	35	%	$	12,785	33	%	$	12,476	32	%
Consumer		24,842	60			25,293	62			25,642	65			26,419	67			26,788	68
Total core deposits	$	41,208	100	%	$	40,819	100	%	$	39,183	100	%	$	39,204	100	%	$	39,264	100	%
Ending Balances by Business Segment:
Retail and Business Banking	$	27,536	64	%	$	28,095	65	%	$	28,325	68	%	$	28,984	70	%	$	29,298	70	%
Regional and Commercial Banking		4,683	11			4,173	10			3,539	9			3,589	9			3,538	8
AFCRE		881	2			817	2			819	2			804	2			753	2
WGH		9,115	21			9,013	21			7,708	19			7,363	17			7,449	18
Treasury / Other(1)		1,065	2			1,122	2			1,011	2			626	2			816	2
Total deposits	$	43,280	100	%	$	43,220	100	%	$	41,402	100	%	$	41,366	100	%	$	41,854	100	%

		September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,			September 30,	September 30,
	2011																2010
	Fourth				Third				Second				First				Fourth
Average Balances by Business Segment:
Retail and Business Banking	$	27,835	64	%	$	28,290	67	%	$	28,780	70	%	$	29,139	70	%	$	29,241	70	%
Regional and Commercial Banking		4,467	10			3,902	9			3,484	8			3,666	9			3,471	8
AFCRE		802	2			796	2			784	2			763	2			752	2
WGH		9,406	21			8,243	20			7,467	18			7,394	17			7,333	18
Treasury / Other(1)		1,093	3			1,047	2			739	2			702	2			907	2
Total deposits	$	43,603	100	%	$	42,278	100	%	$	41,254	100	%	$	41,664	100	%	$	41,704	100	%

⁽¹⁾  Comprised primarily of national market deposits.

6

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	Average Balance															Change
	2011												2010			4Q11 vs 4Q10
(dollar amounts in millions)	Fourth			Third			Second			First			Fourth			Amount			Percent
Assets
Interest-bearing deposits in banks	$	107		$	164		$	131		$	130		$	218		$	(111	)		(51	)%
Trading account securities		81			92			112			144			297			(216	)		(73	)
Federal funds sold and securities purchased under resale agreements		—			—			21			—			—			—			—
Loans held for sale		316			237			181			420			779			(463	)		(59	)
Available-for-sale and other securities:
Taxable		8,065			7,902			8,428			9,108			9,747			(1,682	)		(17	)
Tax-exempt		409			421			436			445			449			(40	)		(9	)
Total available-for-sale and other securities		8,474			8,323			8,864			9,553			10,196			(1,722	)		(17	)
Held-to-maturity securities - taxable		650			665			174			—			—			650			—
Loans and leases:(1)
Commercial:
Commercial and industrial		14,219			13,664			13,370			13,121			12,767			1,452			11
Commercial real estate:
Construction		533			670			554			611			716			(183	)		(26	)
Commercial		5,425			5,441			5,679			5,913			6,082			(657	)		(11	)
Commercial real estate		5,958			6,111			6,233			6,524			6,798			(840	)		(12	)
Total commercial		20,177			19,775			19,603			19,645			19,565			612			3
Consumer:
Automobile		5,639			6,211			5,954			5,701			5,520			119			2
Home equity		8,149			8,002			7,874			7,728			7,709			440			6
Residential mortgage		5,043			4,788			4,566			4,465			4,430			613			14
Other consumer		511			521			538			559			576			(65	)		(11	)
Total consumer		19,342			19,522			18,932			18,453			18,235			1,107			6
Total loans and leases		39,519			39,297			38,535			38,098			37,800			1,719			5
Allowance for loan and lease losses		(1,014	)		(1,066	)		(1,128	)		(1,231	)		(1,323	)		309			(23	)
Net loans and leases		38,505			38,231			37,407			36,867			36,477			2,028			6
Total earning assets		49,147			48,778			48,018			48,345			49,290			(143	)		—
Cash and due from banks		1,671			1,700			1,068			1,299			1,187			484			41
Intangible assets		625			639			652			665			679			(54	)		(8	)
All other assets		4,221			4,142			4,160			4,291			4,313			(92	)		(2	)
Total assets	$	54,650		$	54,193		$	52,770		$	53,369		$	54,146		$	504			1	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits - noninterest-bearing	$	10,716		$	8,719		$	7,806		$	7,333		$	7,188		$	3,528			49	%
Demand deposits - interest-bearing		5,570			5,573			5,565			5,357			5,317			253			5
Money market deposits		13,594			13,321			12,879			13,492			13,158			436			3
Savings and other domestic deposits		4,706			4,752			4,778			4,701			4,640			66			1
Core certificates of deposit		6,769			7,592			8,079			8,391			8,646			(1,877	)		(22	)
Total core deposits		41,355			39,957			39,107			39,274			38,949			2,406			6
Other domestic deposits of $250,000 or more		405			387			467			606			737			(332	)		(45	)
Brokered deposits and negotiable CDs		1,410			1,533			1,333			1,410			1,575			(165	)		(10	)
Deposits in foreign offices		434			401			347			374			443			(9	)		(2	)
Total deposits		43,604			42,278			41,254			41,664			41,704			1,900			5
Short-term borrowings		1,728			2,251			2,112			2,134			2,134			(406	)		(19	)
Federal Home Loan Bank advances		29			285			97			30			112			(83	)		(74	)
Subordinated notes and other long-term debt		2,866			3,030			3,249			3,525			3,558			(692	)		(19	)
Total interest-bearing liabilities		37,511			39,125			38,906			40,020			40,320			(2,809	)		(7	)
All other liabilities		978			1,017			913			994			993			(15	)		(2	)
Shareholders’ equity		5,445			5,332			5,145			5,022			5,645			(200	)		(4	)
Total liabilities and shareholders’ equity	$	54,650		$	54,193		$	52,770		$	53,369		$	54,146		$	504			1	%

⁽¹⁾  Includes nonaccrual loans.

7

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin—Interest Income / Expense (1)

(Unaudited)

		September 30,		September 30,		September 30,		September 30,		September 30,
	Interest Income / Expense
	2011								2010
(dollar amounts in thousands)	Fourth		Third		Second		First		Fourth
Assets
Interest-bearing deposits in banks	$	15	$	17	$	73	$	37	$	343
Trading account securities		197		325		447		494		1,472
Federal funds sold and securities purchased under resale agreements		—		—		5		—		—
Loans held for sale		3,124		2,643		2,247		4,284		7,799
Available-for-sale and other securities:
Taxable		47,784		47,946		54,603		57,652		59,025
Tax-exempt		4,313		4,392		4,385		5,237		5,150
Total available-for-sale and other securities		52,097		52,338		58,988		62,889		64,175
Held-to-maturity securities - taxable		4,867		5,059		1,287		—		—
Loans and leases:
Commercial:
Commercial and industrial		145,825		144,151		145,675		149,964		161,251
Commercial real estate:
Construction		6,513		6,620		4,718		5,138		5,608
Commercial		54,220		54,429		55,947		58,096		60,963
Commercial real estate		60,733		61,049		60,665		63,234		66,571
Total commercial		206,558		205,200		206,340		213,198		227,822
Consumer:
Automobile		68,283		76,488		75,110		73,330		75,951
Home equity		89,876		89,112		88,358		87,659		89,516
Residential mortgage		54,263		53,521		52,700		53,127		53,431
Other consumer		9,416		9,951		10,416		10,804		11,490
Total consumer		221,838		229,072		226,584		224,920		230,388
Total loans and leases		428,396		434,272		432,924		438,118		458,210
Total earning assets	$	488,696	$	494,654	$	495,971	$	505,822	$	531,999
Liabilities
Deposits:
Demand deposits - noninterest-bearing	$	—	$	—	$	—	$	—	$	—
Demand deposits - interest-bearing		1,182		1,458		1,240		1,217		1,770
Money market deposits		10,994		13,845		12,807		16,699		25,654
Savings and other domestic deposits		6,213		8,231		8,870		9,410		10,527
Core certificates of deposit		28,851		37,323		41,041		42,815		46,076
Total core deposits		47,240		60,857		63,958		70,141		84,027
Other domestic deposits of $250,000 or more		794		907		1,171		1,620		2,244
Brokered deposits and negotiable CDs		2,727		2,963		2,948		3,850		6,082
Deposits in foreign offices		206		258		227		185		194
Total deposits		50,967		64,985		68,304		75,796		92,547
Short-term borrowings		764		931		856		949		1,071
Federal Home Loan Bank advances		156		233		215		220		272
Subordinated notes and other long-term debt		18,305		18,369		19,425		20,582		19,107
Total interest bearing liabilities		70,192		84,518		88,800		97,547		112,997
Net interest income	$	418,504	$	410,136	$	407,171	$	408,275	$	419,002

⁽¹⁾  Fully-taxable equivalent (FTE) income and expense calculated assuming a 35% tax rate. See page 10 for the FTE adjustment.

8

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin Analysis

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Average Rates (2)
	2011												2010
Fully-taxable equivalent basis(1)	Fourth			Third			Second			First			Fourth
Assets
Interest-bearing deposits in banks		0.06	%		0.04	%		0.22	%		0.11	%		0.63	%
Trading account securities		0.97			1.41			1.59			1.37			1.98
Federal funds sold and securities purchased under resale agreements		—			—			0.09			—			—
Loans held for sale		3.96			4.46			4.97			4.08			4.01
Available-for-sale and other securities:
Taxable		2.37			2.43			2.59			2.53			2.42
Tax-exempt		4.22			4.17			4.02			4.70			4.59
Total available-for-sale and other securities		2.46			2.52			2.66			2.63			2.52
Held-to-maturity securities - taxable		2.99			3.04			2.96			—			—
Loans and leases:(2)(3)
Commercial:
Commercial and industrial		4.01			4.13			4.31			4.57			4.94
Commercial real estate:
Construction		4.78			3.87			3.37			3.36			3.07
Commercial		3.91			3.91			3.90			3.93			3.92
Commercial real estate		3.99			3.91			3.84			3.88			3.83
Total commercial		4.01			4.06			4.16			4.34			4.56
Consumer:
Automobile		4.80			4.89			5.06			5.22			5.46
Home equity		4.41			4.45			4.49			4.54			4.64
Residential mortgage		4.30			4.47			4.62			4.76			4.82
Other consumer		7.32			7.57			7.76			7.85			7.92
Total consumer		4.57			4.68			4.79			4.90			5.04
Total loans and leases		4.28			4.37			4.47			4.61			4.79
Total earning assets		3.96	%		4.02	%		4.14	%		4.24	%		4.29	%
Liabilities
Deposits:
Demand deposits - noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits - interest-bearing		0.08			0.10			0.09			0.09			0.13
Money market deposits		0.32			0.41			0.40			0.50			0.77
Savings and other domestic deposits		0.52			0.69			0.74			0.81			0.90
Core certificates of deposit		1.69			1.95			2.04			2.07			2.11
Total core deposits		0.61			0.77			0.82			0.89			1.05
Other domestic deposits of $250,000 or more		0.78			0.93			1.01			1.08			1.21
Brokered deposits and negotiable CDs		0.77			0.77			0.89			1.11			1.53
Deposits in foreign offices		0.19			0.26			0.26			0.20			0.17
Total deposits		0.61			0.77			0.82			0.90			1.06
Short-term borrowings		0.18			0.16			0.16			0.18			0.20
Federal Home Loan Bank advances		2.09			0.32			0.88			2.98			0.95
Subordinated notes and other long-term debt		2.56			2.43			2.39			2.34			2.15
Total interest-bearing liabilities		0.74			0.86			0.91			0.99			1.11
Net interest rate spread		3.15			3.11			3.19			3.21			3.16
Impact of noninterest-bearing funds on margin		0.23			0.22			0.21			0.22			0.21
Net interest margin		3.38	%		3.34	%		3.40	%		3.42	%		3.37	%

Commercial Loan Derivative Impact

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Average Rates (2)
	2011												2010
Fully-taxable equivalent basis(1)	Fourth			Third			Second			First			Fourth
Commercial loans(2)(3)		3.79	%		3.79	%		3.83	%		3.84	%		3.96	%
Impact of commercial loan derivatives		0.22			0.27			0.34			0.50			0.60
Total commercial—as reported		4.01	%		4.06	%		4.16	%		4.34	%		4.56	%
Average 30 day LIBOR		0.26	%		0.21	%		0.20	%		0.26	%		0.26	%

⁽¹⁾  Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 10 for the FTE adjustment.

⁽²⁾  Loan, lease, and deposit average rates include impact of applicable derivatives, non-deferrable fees, and amortized fees.

⁽³⁾  Includes the impact of nonaccrual loans.

9

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data⁽¹⁾

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010			4Q11 vs 3Q11
(dollar amounts in thousands, except per share amounts)	Fourth			Third			Second			First			Fourth			Amount			Percent
Interest income	$	485,216		$	490,996		$	492,137		$	501,877		$	528,291		$	(5,588	)		(1.1	)%
Interest expense		70,191			84,518			88,800			97,547			112,997			(14,327	)		(17.0	)
Net interest income		415,025			406,478			403,337			404,330			415,294			8,547			2.1
Provision for credit losses		45,291			43,586			35,797			49,385			86,973			1,705			3.9
Net interest income after provision for credit losses		369,734			362,892			367,540			354,945			328,321			6,842			1.9
Service charges on deposit accounts		63,324			65,184			60,675			54,324			55,810			(1,860	)		(2.9	)
Trust services		28,775			29,473			30,392			30,742			29,394			(698	)		(2.4	)
Electronic banking		18,282			32,901			31,728			28,786			28,900			(14,619	)		(44.4	)
Mortgage banking income		24,098			12,791			23,835			22,684			53,169			11,307			88.4
Brokerage income		18,688			20,349			20,819			20,511			16,953			(1,661	)		(8.2	)
Insurance income		17,906			17,220			16,399			17,945			19,678			686			4.0
Bank owned life insurance income		14,271			15,644			17,602			14,819			16,113			(1,373	)		(8.8	)
Capital markets fees		9,811			11,256			8,537			6,936			8,779			(1,445	)		(12.8	)
Gain on sale of loans		2,884			19,097			2,756			7,207			3,423			(16,213	)		(84.9	)
Automobile operating lease income		4,727			5,890			7,307			8,847			10,463			(1,163	)		(19.7	)
Securities gains (losses)		(3,878	)		(1,350	)		1,507			40			(103	)		(2,528	)		187.3
Other income		30,464			30,104			34,210			24,104			21,641			360			1.2
Total noninterest income		229,352			258,559			255,767			236,945			264,220			(29,207	)		(11.3	)
Personnel costs		228,101			226,835			218,570			219,028			212,184			1,266			0.6
Outside data processing and other services		53,422			49,602			43,889			40,282			40,943			3,820			7.7
Net occupancy		26,841			26,967			26,885			28,436			26,670			(126	)		(0.5	)
Equipment		25,884			22,262			21,921			22,477			22,060			3,622			16.3
Deposit and other insurance expense		18,481			17,492			23,823			17,896			23,320			989			5.7
Marketing		16,379			22,251			20,102			16,895			16,168			(5,872	)		(26.4	)
Professional Services		16,769			20,281			20,080			13,465			21,021			(3,512	)		(17.3	)
Amortization of intangibles		13,175			13,387			13,386			13,370			15,046			(212	)		(1.6	)
Automobile operating lease expense		3,362			4,386			5,434			6,836			8,142			(1,024	)		(23.3	)
OREO and foreclosure expense		5,009			4,668			4,398			3,931			10,502			341			7.3
Gain on early extinguishment of debt		(9,697	)		—			—			—			—			(9,697	)		—
Other expense		32,548			30,987			29,921			48,083			38,537			1,561			5.0
Total noninterest expense		430,274			439,118			428,409			430,699			434,593			(8,844	)		(2.0	)
Income before income taxes		168,812			182,333			194,898			161,191			157,948			(13,521	)		(7.4	)
Provision for income taxes		41,954			38,942			48,980			34,745			35,048			3,012			7.7
Net income	$	126,858		$	143,391		$	145,918		$	126,446		$	122,900		$	(16,533	)		(11.5	)%
Dividends on preferred shares		7,703			7,703			7,704			7,703			83,754			—			—
Net income applicable to common shares	$	119,155		$	135,688		$	138,214		$	118,743		$	39,146		$	(16,533	)		(12.2	)%
Average common shares - basic		864,136			863,911			863,358			863,359			757,924			225			—	%
Average common shares - diluted(2)		868,156			867,633			867,469			867,237			760,582			523			0.1
Per common share
Net income - basic	$	0.14		$	0.16		$	0.16		$	0.14		$	0.05		$	(0.02	)		(12.5	)%
Net income - diluted		0.14			0.16			0.16			0.14			0.05			(0.02	)		(12.5	)
Cash dividends declared		0.04			0.04			0.01			0.01			0.01			—			—
Return on average total assets		0.92	%		1.05	%		1.11	%		0.96	%		0.90	%		(0.13	)%		(12.4	)
Return on average common shareholders’ equity		9.3			10.8			11.6			10.3			3.8			(1.5	)		(13.9	)
Return on average tangible common shareholders’ equity (3)		11.2			13.0			13.3			12.7			5.6			(1.80	)		(13.8	)
Net interest margin(4)		3.38			3.34			3.40			3.42			3.37			0.04			1.2
Efficiency ratio(5)		64.0			63.5			62.7			64.7			61.4			0.5			0.8
Effective tax rate		24.9			21.4			25.1			21.6			22.2			3.5			16.4
Revenue - fully-taxable equivalent (FTE)
Net interest income	$	415,025		$	406,478		$	403,337		$	404,330		$	415,294		$	8,547			2.1
FTE adjustment		3,479			3,658			3,834			3,945			3,708			(179	)		(4.9	)
Net interest income(4)		418,504			410,136			407,171			408,275			419,002			8,368			2.0
Noninterest income		229,352			258,559			255,767			236,945			264,220			(29,207	)		(11.3	)
Total revenue(4)	$	647,856		$	668,695		$	662,938		$	645,220		$	683,222		$	(20,839	)		(3.1	)%

10

⁽¹⁾  Comparisons for presented periods are impacted by a number of factors. Refer to Significant Items.

⁽²⁾  For all periods presented, the impact of the convertible preferred stock issued in 2008 and the warrants issued to the U.S. Department of the Treasury in 2008 related to Huntington’s participation in the voluntary Capital Purchase Program was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the periods. The convertible preferred stock and warrants were repurchased in December 2010 and January 2011, respectively.

⁽³⁾  Net income excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾  On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾  Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

11

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Income

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010			4Q11 vs 4Q10
(dollar amounts in thousands, except as noted)	Fourth			Third			Second			First			Fourth			Amount			Percent
Mortgage banking income
Origination and secondary marketing	$	21,248		$	15,648		$	11,522		$	19,799		$	48,236		$	(26,988	)		(56	)%
Servicing fees		11,993			12,140			12,417			12,546			11,474			519			5
Amortization of capitalized servicing		(8,813	)		(9,641	)		(9,052	)		(9,863	)		(13,960	)		5,147			(37	)
Other mortgage banking income		3,652			3,826			4,259			3,769			4,789			(1,137	)		(24	)
Subtotal		28,080			21,973			19,146			26,251			50,539			(22,459	)		(44	)
MSR valuation adjustment(1)		(6,985	)		(39,394	)		(8,292	)		774			31,319			(38,304	)		(122	)
Net trading gains (losses) related to MSR hedging		3,003			30,212			12,981			(4,341	)		(28,689	)		31,692			(110	)
Total mortgage banking income	$	24,098		$	12,791		$	23,835		$	22,684		$	53,169		$	(29,071	)		(55	)%
Mortgage originations(in millions)	$	1,123		$	953		$	916		$	929		$	1,827		$	(704	)		(39	)%
Average trading account securities used to hedge MSRs(in millions)		6			7			22			46			184			(178	)		(97	)
Capitalized mortgage servicing rights(2)		137,435			145,277			189,740			202,559			196,194			(58,759	)		(30	)
Total mortgages serviced for others(in millions)(2)		15,886			16,061			16,315			16,456			15,933			(47	)		—
MSR % of investor servicing portfolio(2)		0.87	%		0.90	%		1.16	%		1.23	%		1.23	%		(0.36	)%		(2,927	)
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(6,985	)	$	(39,394	)	$	(8,292	)	$	774		$	31,319		$	(38,304	)		(122	)%
Net trading gains (losses) related to MSR hedging		3,003			30,212			12,981			(4,341	)		(28,689	)		31,692			(110	)
Net interest income (loss) related to MSR hedging		(34	)		17			84			99			713			(747	)		(105	)
Net gain (loss) of MSR hedging	$	(4,016	)	$	(9,165	)	$	4,773		$	(3,468	)	$	3,343		$	(7,359	)		(220	)%

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

⁽²⁾  At period end.

12

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010
(dollar amounts in thousands)	Fourth			Third			Second			First			Fourth
Allowance for loan and lease losses, beginning of period	$	1,019,710		$	1,071,126		$	1,133,226		$	1,249,008		$	1,336,352
Loan and lease losses		(114,146	)		(115,899	)		(128,701	)		(199,007	)		(205,587	)
Recoveries of loans previously charged off		30,229			25,344			31,167			33,924			33,336
Net loan and lease losses		(83,917	)		(90,555	)		(97,534	)		(165,083	)		(172,251	)
Provision for loan and lease losses		35,614			45,867			36,948			49,301			84,907
Allowance of assets sold		(6,579	)		(6,728	)		(1,514	)		—			—
Allowance for loan and lease losses, end of period	$	964,828		$	1,019,710		$	1,071,126		$	1,133,226		$	1,249,008
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	38,779		$	41,060		$	42,211		$	42,127		$	40,061
Provision for (reduction in) unfunded loan commitments and letters of credit losses		9,677			(2,281	)		(1,151	)		84			2,066
Allowance for unfunded loan commitments and letters of credit, end of period	$	48,456		$	38,779		$	41,060		$	42,211		$	42,127
Total allowance for credit losses, end of period	$	1,013,284		$	1,058,489		$	1,112,186		$	1,175,437		$	1,291,135
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.48	%		2.61	%		2.74	%		2.96	%		3.28	%
Nonaccrual loans and leases (NALs)		178			180			174			178			161
Nonperforming assets (NPAs)		163			166			164			164			148
Total allowance for credit losses (ACL) as % of:
Total loans and leases		2.60	%		2.71	%		2.84	%		3.07	%		3.39	%
Nonaccrual loans and leases		187			187			181			185			166
Nonperforming assets		172			172			170			170			153

13

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010
(dollar amounts in thousands)	Fourth			Third			Second			First			Fourth
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	10,913		$	17,891		$	18,704		$	42,191		$	59,124
Commercial real estate:
Construction		(2,471	)		1,450			4,145			28,400			11,084
Commercial		30,854			22,990			23,450			39,283			33,787
Commercial real estate		28,383			24,440			27,595			67,683			44,871
Total commercial		39,296			42,331			46,299			109,874			103,995
Consumer:
Automobile		4,237			3,863			2,255			4,712			7,035
Home equity		23,419			26,222			25,441			26,715			29,175
Residential mortgage(1)		9,732			11,562			16,455			18,932			26,775
Other consumer		7,233			6,577			7,084			4,850			5,271
Total consumer		44,621			48,224			51,235			55,209			68,256
Total net charge-offs	$	83,917		$	90,555		$	97,534		$	165,083		$	172,251
Net charge-offs - annualized percentages:
Commercial:
Commercial and industrial		0.31	%		0.52	%		0.56	%		1.29	%		1.85	%
Commercial real estate:
Construction		(1.85	)		0.87			2.99			18.59			6.19
Commercial		2.27			1.69			1.65			2.66			2.22
Commercial real estate		1.91			1.60			1.77			4.15			2.64
Total commercial		0.78			0.86			0.94			2.24			2.13
Consumer:
Automobile		0.30			0.25			0.15			0.33			0.51
Home equity		1.15			1.31			1.29			1.38			1.51
Residential mortgage(1)		0.77			0.97			1.44			1.70			2.42
Other consumer		5.66			5.05			5.27			3.47			3.66
Total consumer		0.92			0.99			1.08			1.20			1.50
Net charge-offs as a % of average loans		0.85	%		0.92	%		1.01	%		1.73	%		1.82	%

⁽¹⁾  The 2010 fourth quarter included net charge-offs of $16,389 thousand related to the sale of certain underperforming residential mortgage loans.

14

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010
(dollar amounts in thousands)	December 31,			September 30,			June 30,			March 31,			December 31,
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	201,846		$	209,632		$	229,327		$	260,397		$	346,720
Commercial real estate		229,889			257,086			291,500			305,793			363,692
Residential mortgage		68,658			61,129			59,853			44,812			45,010
Home equity		40,687			37,156			33,545			25,255			22,526
Total nonaccrual loans and leases		541,080			565,003			614,225			636,257			777,948
Other real estate, net:
Residential		20,330			18,588			20,803			28,668			31,649
Commercial		18,094			19,418			17,909			25,961			35,155
Total other real estate, net		38,424			38,006			38,712			54,629			66,804
Other NPAs(1)		10,772			10,972			—			—			—
Total nonperforming assets	$	590,276		$	613,981		$	652,937		$	690,886		$	844,752
Nonperforming Franklin assets:
Residential mortgage	$	—		$	—		$	—		$	—		$	—
Home Equity		—			—			—			—			—
OREO		—			534			883			5,971			9,477
Impaired loans held for sale		—			—			—			—			—
Total nonperforming Franklin assets	$	—		$	534		$	883		$	5,971		$	9,477
Nonaccrual loans and leases as a % of total loans and leases		1.39	%		1.45	%		1.57	%		1.66	%		2.04	%
NPA ratio(2)		1.51			1.57			1.67			1.80			2.21

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010
	Fourth			Third			Second			First			Fourth
Nonperforming assets, beginning of period	$	613,981		$	652,937		$	690,886		$	844,752		$	1,104,864
New nonperforming assets		189,138			153,626			210,255			192,044			237,802
Franklin impact, net		(534	)		(349	)		(5,088	)		(3,506	)		(5,853	)
Returns to accruing status		(30,677	)		(25,794	)		(68,429	)		(70,886	)		(100,051	)
Loan and lease losses		(79,117	)		(79,992	)		(74,945	)		(128,730	)		(126,047	)
OREO losses (gains)		(867	)		(242	)		388			1,492			(5,117	)
Payments		(91,734	)		(76,510	)		(73,009	)		(87,041	)		(191,296	)
Sales		(9,914	)		(9,695	)		(27,121	)		(57,239	)		(69,550	)
Nonperforming assets, end of period	$	590,276		$	613,981		$	652,937		$	690,886		$	844,752

⁽¹⁾  Other nonperforming assets represent an investment security backed by a municipal bond.

⁽²⁾  Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

15

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	2011												2010
(dollar amounts in thousands)	December 31,			September 30,			June 30,			March 31,			December 31,
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	—		$	—		$	—		$	—
Residential mortgage (excluding loans guaranteed by the U.S. Government)		45,198			32,850			33,975			41,858			53,983
Home equity		20,198			20,420			17,451			24,130			23,497
Other consumer		8,253			7,755			6,227			7,578			10,177
Total, excl. loans guaranteed by the U.S. Government		73,649			61,025			57,653			73,566			87,657
Add: loans guaranteed by U.S. Government		96,703			84,413			76,979			94,440			98,288
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	170,352		$	145,438		$	134,632		$	168,006		$	185,945
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.19	%		0.16	%		0.15	%		0.19	%		0.23	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.25			0.21			0.19			0.25			0.26
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.44			0.37			0.34			0.44			0.49
Accruing troubled debt restructured loans:
Commercial	$	303,975		$	321,598		$	240,126		$	206,462		$	222,632
Residential mortgage		309,678			304,365			313,772			333,492			328,411
Other consumer (1)		94,905			89,596			75,036			78,488			76,586
Total accruing troubled debt restructured loans	$	708,558		$	715,559		$	628,934		$	618,442		$	627,629
Nonaccruing troubled debt restructured loans:
Commercial	$	70,521		$	74,264		$	77,745		$	37,858		$	33,462
Residential mortgage		26,089			20,877			14,378			8,523			5,789
Other consumer (1)		482			279			140			14			—
Total nonaccruing troubled debt restructured loans	$	97,092		$	95,420		$	92,263		$	46,395		$	39,251

(1) Includes home equity, automobile, and other consumer loans.

16

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Capital, and Other Data

(Unaudited)

Quarterly common stock summary

		September 30,		September 30,		September 30,		September 30,		September 30,
	2011								2010
(dollar amounts in thousands, except per share amounts)	Fourth		Third		Second		First		Fourth
Common stock price, per share
High(1)	$	5.650	$	6.740	$	6.920	$	7.700	$	7.000
Low(1)		4.670		4.460		6.000		6.380		5.430
Close		5.490		4.800		6.560		6.640		6.870
Average closing price		5.178		5.370		6.506		6.981		6.050
Dividends, per share
Cash dividends declared per common share	$	0.04	$	0.04	$	0.01	$	0.01	$	0.01
Common shares outstanding
Average - basic		864,136		863,911		863,358		863,359		757,924
Average - diluted(2)		868,156		867,633		867,469		867,237		760,582
Ending		864,406		864,075		863,323		863,399		863,319
Book value per common share	$	5.82	$	5.83	$	5.66	$	5.42	$	5.35
Tangible book value per common share(3)		5.18		5.17		5.00		4.74		4.66

		000000			000000			000000			000000			000000
	2011												2010
(dollar amounts in millions)	December 31,			September 30,			June 30,			March 31,			December 31,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,418		$	5,400		$	5,253		$	5,039		$	4,981
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(175	)		(188	)		(202	)		(215	)		(229	)
Add: related deferred tax liability(3)		61			66			71			75			80
Total tangible equity		4,860			4,834			4,678			4,455			4,388
Less: preferred equity		(386	)		(363	)		(363	)		(363	)		(363	)
Total tangible common equity	$	4,474		$	4,471		$	4,315		$	4,092		$	4,025
Total assets	$	54,451		$	54,979		$	53,050		$	52,949		$	53,820
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(175	)		(188	)		(202	)		(215	)		(229	)
Add: related deferred tax liability(3)		61			66			71			75			80
Total tangible assets	$	53,893		$	54,413		$	52,475		$	52,365		$	53,227
Tangible equity / tangible asset ratio		9.02	%		8.88	%		8.91	%		8.51	%		8.24	%
Tangible common equity / tangible asset ratio		8.30			8.22			8.22			7.81			7.56
Tier 1 common risk-based capital ratio:(5)
Tier 1 capital	$	5,557		$	5,488		$	5,353		$	5,179		$	5,022
Shareholders’ preferred equity		(386	)		(363	)		(363	)		(363	)		(363	)
Trust preferred securities		(532	)		(565	)		(565	)		(570	)		(570	)
REIT preferred stock		(50	)		(50	)		(50	)		(50	)		(50	)
Tier 1 common	$	4,589		$	4,510		$	4,375		$	4,196		$	4,039
Total risk-weighted assets(5)	$	45,892		$	44,376		$	44,081		$	43,025		$	43,471
Tier 1 common risk-based capital ratio(5)		10.00			10.17			9.92			9.75			9.29
Other capital data:
Tier 1 leverage ratio(5)		10.28	%		10.24	%		10.25	%		9.80	%		9.41	%
Tier 1 risk-based capital ratio(5)		12.11			12.37			12.14			12.04			11.55
Total risk-based capital ratio(5)		14.77			15.11			14.89			14.85			14.46
Tangible common equity/risk-weighted assets ratio(5)		9.75			10.08			9.79			9.51			9.26
Other data:
Number of employees (full-time equivalent)		11,245			11,473			11,457			11,319			11,341
Number of domestic full-service branches(4)		668			650			643			622			620

⁽¹⁾  High and low stock prices are intra-day quotes obtained from NASDAQ.

⁽²⁾  For all periods presented, the impact of the convertible preferred stock issued in 2008 and the warrants issued to the U.S. Department of the Treasury in 2008 related to Huntington’s participation in the voluntary Capital Purchase Program was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the periods. The convertible preferred stock and warrants were repurchased in December 2010 and January 2011, respectively.

⁽³⁾  Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾  Includes WGH offices.

⁽⁵⁾  December 31, 2011, figures are estimated.

17

Huntington Bancshares Incorporated

Consolidated Annual Average Balance Sheets

(Unaudited)

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
	Annual Average Balances
				Change from 2010									Change from 2009
(dollar amounts in millions)	2011			Amount			%			2010			Amount			%			2009
Assets
Interest bearing deposits in banks	$	133		$	(156	)		(54	)%	$	289		$	(72	)		(20	)%	$	361
Trading account securities		107			(51	)		(32	)		158			13			9			145
Federal funds sold and securities purchased under resale agreements		5			5			—			—			(10	)		(100	)		10
Loans held for sale		288			(241	)		(46	)		529			(53	)		(9	)		582
Available-for-sale and other securities:
Taxable		8,371			(389	)		(4	)		8,760			2,659			44			6,101
Tax-exempt		428			17			4			411			197			92			214
Total available-for-sale and other securities		8,799			(372	)		(4	)		9,171			2,856			45			6,315
Held-to-maturity securities - taxable		375			375			—			—			—			—			—
Loans and leases:(1)
Commercial:
Commercial and industrial		13,597			1,166			9			12,431			(705	)		(5	)		13,136
Commercial real estate:
Construction		592			(504	)		(46	)		1,096			(762	)		(41	)		1,858
Commercial		5,613			(516	)		(8	)		6,129			(1,169	)		(16	)		7,298
Commercial real estate		6,205			(1,020	)		(14	)		7,225			(1,931	)		(21	)		9,156
Total commercial		19,802			146			1			19,656			(2,636	)		(12	)		22,292
Consumer:
Automobile		5,877			987			20			4,890			1,344			38			3,546
Home equity		7,940			350			5			7,590			—			—			7,590
Residential mortgage		4,717			241			5			4,476			(66	)		(1	)		4,542
Other consumer		531			(130	)		(20	)		661			(61	)		(8	)		722
Total consumer		19,065			1,448			8			17,617			1,217			7			16,400
Total loans and leases		38,867			1,594			4			37,273			(1,419	)		(4	)		38,692
Allowance for loan and lease losses		(1,109	)		321			(22	)		(1,430	)		(474	)		50			(956	)
Net loans and leases		37,758			1,915			5			35,843			(1,893	)		(5	)		37,736
Total earning assets		48,574			1,154			2			47,420			1,315			3			46,105
Cash and due from banks		1,436			(82	)		(5	)		1,518			(614	)		(29	)		2,132
Intangible assets		645			(57	)		(8	)		702			(700	)		(50	)		1,402
All other assets		4,204			(160	)		(4	)		4,364			607			16			3,757
Total assets	$	53,750		$	1,176			2	%	$	52,574		$	134			—	%	$	52,440
Liabilities and shareholders’ equity
Deposits:
Demand deposits - noninterest-bearing	$	8,653		$	1,794			26	%	$	6,859		$	802			13	%	$	6,057
Demand deposits - interest-bearing		5,517			(62	)		(1	)		5,579			763			16			4,816
Money market deposits		13,322			1,579			13			11,743			4,527			63			7,216
Savings and other domestic deposits		4,735			93			2			4,642			(239	)		(5	)		4,881
Core certificates of deposit		7,702			(1,486	)		(16	)		9,188			(2,756	)		(23	)		11,944
Total core deposits		39,929			1,918			5			38,011			3,097			9			34,914
Other domestic deposits of $250,000 or more		465			(232	)		(33	)		697			(144	)		(17	)		841
Brokered deposits and negotiable CDs		1,422			(181	)		(11	)		1,603			(1,544	)		(49	)		3,147
Deposits in foreign offices		389			(38	)		(9	)		427			(60	)		(12	)		487
Total deposits		42,205			1,467			4			40,738			1,349			3			39,389
Short-term borrowings		2,055			609			42			1,446			513			55			933
Federal Home Loan Bank advances		111			(62	)		(36	)		173			(1,063	)		(86	)		1,236
Subordinated notes and other long-term debt		3,165			(615	)		(16	)		3,780			(541	)		(13	)		4,321
Total interest-bearing liabilities		38,883			(395	)		(1	)		39,278			(544	)		(1	)		39,822
All other liabilities		976			20			2			956			182			24			774
Shareholders’ equity		5,238			(243	)		(4	)		5,481			(306	)		(5	)		5,787
Total liabilities and shareholders’ equity	$	53,750		$	1,176			2	%	$	52,574		$	134			—	%	$	52,440

⁽¹⁾  Includes nonaccrual loans.

18

Huntington Bancshares Incorporated

Consolidated Annual Net Interest Margin Analysis - Interest Income / Expense (1)

(Unaudited)

		September 30,		September 30,		September 30,
	Interest Income / Expense
(dollar amounts in thousands)	2011		2010		2009
Assets
Interest bearing deposits in banks	$	143	$	804	$	1,146
Trading account securities		1,463		2,875		4,329
Federal funds sold and securities purchased under resale agreements		5		—		50
Loans held for sale		12,298		25,687		29,951
Available-for-sale and other securities:
Taxable		207,984		239,065		249,968
Tax-exempt		18,326		18,767		14,214
Total available-for-sale and other securities		226,310		257,832		264,182
Held-to-maturity securities - taxable		11,213		—		—
Loans and leases:
Commercial:
Commercial and industrial		585,615		660,598		664,611
Commercial real estate:
Construction		22,988		30,595		50,851
Commercial		222,692		234,858		262,325
Commercial real estate		245,680		265,453		313,176
Total commercial		831,295		926,051		977,787
Consumer:
Automobile		293,211		295,201		252,553
Home equity		355,005		383,732		426,177
Residential mortgage		213,612		216,805		237,418
Other consumer		40,586		47,481		56,059
Total consumer		902,414		943,219		972,207
Total loans and leases		1,733,709		1,869,270		1,949,994
Total earning assets	$	1,985,141	$	2,156,468	$	2,249,652
Liabilities
Deposits:
Demand deposits - noninterest-bearing	$	—	$	—	$	—
Demand deposits - interest-bearing		5,096		10,393		9,485
Money market deposits		54,344		103,468		83,554
Savings and other domestic deposits		32,723		48,203		66,768
Core certificates of deposit		150,030		231,594		409,460
Total core deposits		242,193		393,658		569,267
Other domestic deposits of $250,000 or more		4,492		9,207		20,832
Brokered deposits and negotiable CDs		12,488		35,353		83,096
Deposits in foreign offices		878		831		944
Total deposits		260,051		439,049		674,139
Short-term borrowings		3,500		3,007		2,366
Federal Home Loan Bank advances		824		3,121		12,882
Subordinated notes and other long-term debt		76,680		81,409		124,506
Total interest-bearing liabilities		341,055		526,586		813,893
Net interest income	$	1,644,086	$	1,629,882	$	1,435,759

⁽¹⁾  Fully-taxable equivalent (FTE) income and expense calculated assuming a 35% tax rate. See page 21 for the FTE adjustment.

19

Huntington Bancshares Incorporated

Consolidated Annual Net Interest Margin Analysis

(Unaudited)

		September 30,			September 30,			September 30,
	Annual Average Rates(2)
Fully-taxable equivalent basis(1)	2011			2010			2009
Assets
Interest bearing deposits in banks		0.11	%		0.28	%		0.32	%
Trading account securities		1.37			1.82			2.99
Federal funds sold and securities purchased under resale agreements		0.09			—			0.13
Loans held for sale		4.27			4.85			5.15
Available-for-sale and other securities:
Taxable		2.48			2.73			4.10
Tax-exempt		4.28			4.56			6.68
Total available-for-sale and other securities		2.57			2.81			4.18
Held-to-maturity securities - taxable		2.99			—			—
Loans and leases:(3)
Commercial:
Commercial and industrial		4.31			5.31			5.06
Commercial real estate:
Construction		3.88			2.79			2.74
Commercial		3.97			3.83			3.59
Commercial real estate		3.96			3.67			3.42
Total commercial		4.20			4.71			4.39
Consumer:
Automobile		4.99			6.04			7.12
Home equity		4.47			5.06			5.62
Residential mortgage		4.53			4.84			5.23
Other consumer		7.63			7.18			7.78
Total consumer		4.73			5.35			5.93
Total loans and leases		4.46			5.02			5.04
Total earning assets		4.09	%		4.55	%		4.88	%
Liabilities
Deposits:
Demand deposits - noninterest-bearing		—	%		—	%		—	%
Demand deposits - interest-bearing		0.09			0.19			0.20
Money market deposits		0.41			0.88			1.16
Savings and other domestic deposits		0.69			1.04			1.37
Core certificates of deposit		1.95			2.52			3.43
Total core deposits		0.77			1.26			1.97
Other domestic deposits of $250,000 or more		0.97			1.32			2.48
Brokered deposits and negotiable CDs		0.88			2.21			2.64
Deposits in foreign offices		0.23			0.20			0.19
Total deposits		0.78			1.30			2.02
Short-term borrowings		0.17			0.21			0.25
Federal Home Loan Bank advances		0.74			1.80			1.04
Subordinated notes and other long-term debt		2.42			2.15			2.88
Total interest bearing liabilities		0.88			1.34			2.04
Net interest rate spread		3.19			3.21			2.84
Impact of noninterest-bearing funds on margin		0.20			0.23			0.27
Net interest margin		3.38	%		3.44	%		3.11	%

Commercial Loan Derivative Impact

(Unaudited)

		September 30,			September 30,			September 30,
	Annual Average Rates(2)
Fully-taxable equivalent basis(1)	2011			2010			2009
Commercial loans(2)(3)		3.81	%		3.85	%		3.74	%
Impact of commercial loan derivatives		0.39			0.86			0.65
Total commercial - as reported		4.20	%		4.71	%		4.39	%
Average 30 day LIBOR		0.23	%		0.27	%		0.33	%

⁽¹⁾  Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 21 for the FTE adjustment.

⁽²⁾  Loan and lease and deposit average rates include impact of applicable derivatives, non-deferrable fees, and amortized fees.

⁽³⁾  Includes the impact of nonaccrual loans.

20

Huntington Bancshares Incorporated

Selected Annual Income Statement Data⁽¹⁾

(Unaudited)

		xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx			xxxxxx
	Year Ended December 31,
				Change from 2010									Change from 2009
(dollar amounts in thousands, except per share amounts)	2011			Amount			%			2010			Amount			%			2009
Interest income	$	1,970,226		$	(175,166	)		(8	) %	$	2,145,392		$	(92,750	)		(4	)%	$	2,238,142
Interest expense		341,056			(185,531	)		(35	)		526,587			(287,268	)		(35	)		813,855
Net interest income		1,629,170			10,365			1			1,618,805			194,518			14			1,424,287
Provision for credit losses		174,059			(460,488	)		(73	)		634,547			(1,440,124	)		(69	)		2,074,671
Net interest income after provision for credit losses		1,455,111			470,853			48			984,258			1,634,642			N.R.			(650,384	)
Service charges on deposit accounts		243,507			(23,508	)		(9	)		267,015			(35,784	)		(12	)		302,799
Trust services		119,382			6,827			6			112,555			8,916			9			103,639
Electronic banking		111,697			1,463			1			110,234			10,083			10			100,151
Mortgage banking income		83,408			(92,374	)		(53	)		175,782			63,484			57			112,298
Brokerage income		80,367			11,512			17			68,855			4,012			6			64,843
Insurance income		69,470			(6,943	)		(9	)		76,413			3,087			4			73,326
Bank owned life insurance income		62,336			1,270			2			61,066			6,194			11			54,872
Capital markets fees		36,540			12,654			53			23,886			13,035			120			10,851
Gain on sale of loans		31,944			25,669			409			6,275			13,851			(183	)		(7,576	)
Automobile operating lease income		26,771			(19,193	)		(42	)		45,964			(5,846	)		(11	)		51,810
Securities gains (losses)		(3,681	)		(3,407	)		1,243			(274	)		9,975			(97	)		(10,249	)
Other income		118,882			24,795			26			94,087			(54,793	)		(37	)		148,880
Total noninterest income		980,623			(61,235	)		(6	)		1,041,858			36,214			4			1,005,644
Personnel costs		892,534			93,561			12			798,973			98,491			14			700,482
Outside data processing and other services		187,195			27,947			18			159,248			11,153			8			148,095
Net occupancy		109,129			1,267			1			107,862			2,589			2			105,273
Equipment		92,544			6,624			8			85,920			2,803			3			83,117
Deposit and other insurance expense		77,692			(19,856	)		(20	)		97,548			(16,282	)		(14	)		113,830
Marketing		75,627			9,703			15			65,924			32,875			99			33,049
Professional Services		70,595			(18,183	)		(20	)		88,778			12,412			16			76,366
Amortization of intangibles		53,318			(7,160	)		(12	)		60,478			(7,829	)		(11	)		68,307
Automobile operating lease expense		20,018			(17,016	)		(46	)		37,034			(6,326	)		(15	)		43,360
OREO and foreclosure expense		18,006			(21,043	)		(54	)		39,049			(54,850	)		(58	)		93,899
Goodwill impairment		—			—			—			—			(2,606,944	)		(100	)		2,606,944
Gain on early extinguishment of debt		(9,697	)		(9,697	)		—			—			147,442			(100	)		(147,442	)
Other expense		141,539			8,548			6			132,991			24,828			23			108,163
Total noninterest expense		1,728,500			54,695			3			1,673,805			(2,359,638	)		(59	)		4,033,443
Income (loss) before income taxes		707,234			354,923			101			352,311			4,030,494			N.R.			(3,678,183	)
Provision (benefit) for income taxes		164,621			124,657			312			39,964			623,968			N.R.			(584,004	)
Net income (loss)	$	542,613		$	230,266			74		$	312,347		$	3,406,526			N.R.		$	(3,094,179	)
Dividends on preferred shares		30,813			(141,219	)		(82	)		172,032			(2,724	)		(2	)		174,756
Net income (loss) applicable to common shares	$	511,800		$	371,485			265		$	140,315		$	3,409,250			N.R.	%	$	(3,268,935	)
Average common shares - basic		863,691			136,757			19	%		726,934			194,132			36	%		532,802
Average common shares - diluted(2)		867,624			138,092			19			729,532			196,730			37			532,802
Per common share
Net income - basic	$	0.59		$	0.40			211		$	0.19		$	6.33			N.R.		$	(6.14	)
Net income - diluted		0.59			0.40			211			0.19			6.33			N.R.			(6.14	)
Cash dividends declared		0.10			0.06			150			0.04			—			—			0.04
Return on average total assets		1.01	%		0.42	%		71			0.59	%		6.49	%		N.R.			(5.90	)%
Return on average common shareholders’ equity		10.5			6.8			184			3.7			84.5			N.R.			(80.8	)
Return on average tangible common shareholders’ equity(3)		12.7			7.1			127			5.6			28.0			N.R.			(22.4	)
Net interest margin(4)		3.38			(0.05	)		(2	)		3.44			0.33			11			3.11
Efficiency ratio(5)		63.7			3.3			5			60.4			5.0			9			55.4
Effective tax rate		23.3			12.0			106			11.3			27.2			N.R.			(15.9	)
Revenue - fully taxable equivalent (FTE)
Net interest income	$	1,629,170		$	10,365			1		$	1,618,805		$	194,518			14		$	1,424,287
FTE adjustment(4)		14,916			3,839			35			11,077			(395	)		(3	)		11,472
Net interest income		1,644,086			14,204			1			1,629,882			194,123			14			1,435,759
Noninterest income		980,623			(61,235	)		(6	)		1,041,858			36,214			4			1,005,644
Total revenue	$	2,624,709		$	(47,031	)		(2	) %	$	2,671,740		$	230,337			9	%	$	2,441,403

N.R. - Not relevant, as denominator of calculation is a loss in prior period compared with income in current period.

21

⁽¹⁾  Comparisons for presented periods are impacted by a number of factors. Refer to Significant Items.

⁽²⁾  For all periods presented, the impact of the convertible preferred stock issued in 2008 and the warrants issued to the U.S. Department of the Treasury in 2008 related to Huntington’s participation in the voluntary Capital Purchase Program was excluded from the diluted share calculation because the result was more than basic earnings per common share (anti-dilutive) for the periods. The convertible preferred stock and warrants were repurchased in December 2010 and January 2011, respectively.

⁽³⁾  Net income excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽⁴⁾  On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁵⁾  Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

22

Huntington Bancshares Incorporated

Annual Mortgage Banking Income

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Year Ended December 31,
(dollar amounts in thousands, except as noted)	2011			2010			2009			2008			2007
Mortgage banking income
Origination and secondary marketing	$	68,217		$	117,440		$	94,711		$	37,257		$	25,965
Servicing fees		49,096			48,123			48,494			45,558			36,012
Amortization of capitalized servicing		(37,369	)		(47,165	)		(47,571	)		(26,634	)		(20,587	)
Other mortgage banking income		15,506			16,629			23,360			16,768			13,198
Subtotal		95,450			135,027			118,994			72,949			54,588
MSR valuation adjustment(1)		(53,897	)		(12,721	)		34,305			(52,668	)		(16,131	)
Net trading gains (losses) related to MSR hedging		41,855			53,476			(41,001	)		(11,287	)		(8,653	)
Total mortgage banking income	$	83,408		$	175,782		$	112,298		$	8,994		$	29,804
Mortgage originations(in millions)	$	3,921		$	5,476		$	5,262		$	3,773		$	3,493
Average trading account securities used to hedge MSRs(in millions)		20			64			70			1,031			594
Capitalized mortgage servicing rights(2)		137,435			196,194			214,592			167,438			207,894
Total mortgages serviced for others(in millions)(2)		15,886			15,933			16,010			15,754			15,088
MSR % of investor servicing portfolio		0.87	%		1.23	%		1.34	%		1.06	%		1.38	%
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(53,897	)	$	(12,721	)	$	34,305		$	(52,668	)	$	(16,131	)
Net trading gains (losses) related to MSR hedging		41,855			53,476			(41,001	)		(11,287	)		(8,653	)
Net interest income related to MSR hedging		166			972			2,999			33,139			5,797
Net gain (loss) on MSR hedging	$	(11,876	)	$	41,727		$	(3,697	)	$	(30,816	)	$	(18,987	)

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

⁽²⁾ At period end.

23

Huntington Bancshares Incorporated

Annual Credit Reserves Analysis

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Year Ended December 31,
(dollar amounts in thousands)	2011			2010			2009			2008			2007
Allowance for loan and lease losses, beginning of period	$	1,249,008		$	1,482,479		$	900,227		$	578,442		$	272,068
Acquired allowance for loan and lease losses		0			0			0			0			188,128
Loan and lease losses		(557,753	)		(1,003,907	)		(1,561,378	)		(806,330	)		(517,942	)
Recoveries of loans previously charged off		120,664			129,433			84,791			48,263			40,311
Net loan and lease losses		(437,089	)		(874,474	)		(1,476,587	)		(758,067	)		(477,631	)
Provision for loan and lease losses		167,730			641,299			2,069,931			1,067,789			628,802
Economic reserve transfer		0			0			0			12,063			0
Allowance of assets sold		(14,821	)		(296	)		(9,188	)		—			—
Allowance for loans transferred to held for sale		0			0			(1,904	)		—			(32,925	)
Allowance for loan and lease losses, end of period	$	964,828		$	1,249,008		$	1,482,479		$	900,227		$	578,442
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	42,127		$	48,879		$	44,139		$	66,528		$	40,161
Acquired AULC		0			0			0			0			11,541
Provision for (reduction in) unfunded loan commitments and letters of credit losses		6,329			(6,752	)		4,740			(10,326	)		14,826
Economic reserve transfer		0			0			0			(12,063	)		0
Allowance for unfunded loan commitments and letters of credit, end of period	$	48,456		$	42,127		$	48,879		$	44,139		$	66,528
Total allowance for credit losses	$	1,013,284		$	1,291,135		$	1,531,358		$	944,366		$	644,970
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		2.48	%		3.28	%		4.03	%		2.19	%		1.44	%
Nonaccrual loans and leases (NALs)		178			161			77			60			181
Nonperforming assets (NPAs)		163			148			72			55			122
Total allowance for credit losses (ACL) as % of:
Total loans and leases		2.60	%		3.39	%		4.16	%		2.30	%		1.61	%
Nonaccrual loans and leases (NALs)		187			166			80			63			202
Nonperforming assets (NPAs)		172			153			74			58			136

24

Huntington Bancshares Incorporated

Annual Net Charge-Off Analysis

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	Year Ended December 31,
(dollar amounts in thousands)	2011			2010			2009			2008			2007
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	89,699		$	254,932		$	487,606		$	526,165		$	345,840
Commercial real estate:
Construction		31,524			109,008			192,706			6,626			11,854
Commercial		116,577			166,554			490,025			62,114			27,250
Commercial real estate		148,101			275,562			682,731			68,740			39,104
Total commercial		237,800			530,494			1,170,337			594,905			384,944
Consumer:
Automobile		15,067			26,572			56,332			54,565			27,692
Home equity(1)		101,797			139,373			106,176			67,556			34,426
Residential mortgage(2)		56,681			152,895			110,202			21,247			11,371
Other consumer		25,744			25,140			33,540			19,794			19,198
Total consumer		199,289			343,980			306,250			163,162			92,687
Total net charge-offs	$	437,089		$	874,474		$	1,476,587		$	758,067		$	477,631
Net charge-offs - annualized percentages:
Commercial:
Commercial and industrial		0.66	%		2.05	%		3.71	%		3.87	%		3.25	%
Commercial real estate:
Construction		5.33			9.95			10.37			0.32			0.77
Commercial		2.08			2.72			6.71			0.81			0.52
Commercial real estate		2.39			3.81			7.46			0.71			0.57
Total commercial		1.20			2.70			5.25			2.55			2.21
Consumer:
Automobile		0.26			0.54			1.59			1.21			0.67
Home equity(1)		1.28			1.84			1.40			0.91			0.56
Residential mortgage(2)		1.20			3.42			2.43			0.42			0.23
Other consumer		4.85			3.80			4.65			2.86			3.63
Total consumer		1.05			1.95			1.87			0.92			0.59
Net charge-offs as a % of average loans		1.12	%		2.35	%		3.82	%		1.85	%		1.44	%

⁽¹⁾  2010 included net charge-offs of $14,678 thousand associated with the transfer of Franklin-related loans to loans held for sale and $6,143 thousand of other Franklin-related net charge-offs.

⁽²⁾  2010 included net charge-offs of $60,882 thousand associated with the transfer of Franklin-related loans to loans held for sale and $10,424 thousand of other Franklin-related net charge-offs.

25

Huntington Bancshares Incorporated

Annual Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	December 31,
(dollar amounts in thousands)	2011			2010			2009			2008			2007
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	201,846		$	346,720		$	578,414		$	932,648		$	87,679
Commercial real estate		229,889			363,692			935,812			445,717			148,467
Residential mortgage		68,658			45,010			362,630			98,951			59,557
Home equity		40,687			22,526			40,122			24,831			24,068
Total nonaccrual loans and leases		541,080			777,948			1,916,978			1,502,147			319,771
Other real estate, net:
Residential		20,330			31,649			71,427			63,058			60,804
Commercial		18,094			35,155			68,717			59,440			14,467
Total other real estate, net		38,424			66,804			140,144			122,498			75,271
Impaired loans held for sale		0			0			969			12,001			73,481
Other NPAs (1)		10,772			—			—			—			4,379
Total nonperforming assets	$	590,276		$	844,752		$	2,058,091		$	1,636,646		$	472,902
Nonperforming Franklin assets:
Commercial	$	—		$	—		$	—		$	650,225		$	—
Residential mortgage		—			—			299,670			—			—
Home Equity		—			—			15,004			—			—
OREO		—			9,477			23,826			—			—
Impaired loans held for sale		—			—			—			—			—
Total nonperforming Franklin assets	$	—		$	9,477		$	338,500		$	650,225		$	—
Nonaccrual loans and leases as a % of total loans and leases		1.39	%		2.04	%		5.21	%		3.66	%		0.80	%
NPA ratio (2)		1.51			2.21			5.57			3.97			1.18

		September 30,			September 30,			September 30,			September 30,			September 30,
	December 31,
(dollar amounts in thousands)	2011			2010			2009			2008			2007
Nonperforming assets, beginning of period	$	844,752		$	2,058,091		$	1,636,646		$	472,902		$	193,620
New nonperforming assets		745,063			925,699			2,767,295			1,082,063			468,056
Franklin impact, net		(9,477	)		(329,023	)		(311,726	)		650,225.0			—
Returns to accruing status		(195,786	)		(370,798	)		(215,336	)		(42,161	)		(24,952	)
Loan and lease losses		(362,784	)		(635,606	)		(1,148,135	)		(202,249	)		(120,959	)
OREO losses (gains)		771			(12,096	)		(62,665	)		(19,582	)		(5,795	)
Payments		(328,294	)		(650,429	)		(497,076	)		(194,692	)		(86,093	)
Sales		(103,969	)		(141,086	)		(110,912	)		(109,860	)		(95,467	)
Nonperforming assets, end of period	$	590,276		$	844,752		$	2,058,091		$	1,636,646		$	472,902

(1) Other nonperforming assets represent an investment security backed by a municipal bond.

(2) Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

26

Huntington Bancshares Incorporated

Annual Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans

(Unaudited)

		September 30,			September 30,			September 30,			September 30,			September 30,
	December 31,
(dollar amounts in thousands)	2011			2010			2009			2008			2007
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	—		$	—		$	—		$	10,889		$	10,474
Commercial real estate		—			—			—			59,425			25,064
Residential mortgage (excluding loans guaranteed by the U.S. Government)		45,198			53,983			78,915			71,553			67,391
Home equity		20,198			23,497			53,343			29,039			24,086
Other consumer		8,253			10,177			13,400			18,039			13,962
Total, excl. loans guaranteed by the U.S. Government		73,649			87,657			145,658			188,945			140,977
Add: loans guaranteed by U.S. Government		96,703			98,288			101,616			82,576			51,174
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	170,352		$	185,945		$	247,274		$	271,521		$	192,151
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.19	%		0.23	%		0.40	%		0.46	%		0.35	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.25			0.26			0.28			0.20			0.13
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.44			0.49			0.49			0.66			0.48
Accruing troubled debt restructured loans:
Commercial	$	303,975		$	222,632		$	157,049		$	185,333		$	1,187,368
Residential mortgages		309,678			328,411			219,639			82,857			32,005
Other consumer (1)		94,905			76,586			52,871			41,094			—
Total accruing troubled debt restructured loans	$	708,558		$	627,629		$	429,559		$	309,284		$	1,219,373
Nonaccruing troubled debt restructured loans:
Commercial	$	70,521		$	33,462		$	157,049		$	185,333		$	1,187,368
Residential mortgages		26,089			5,789			219,639			82,857			32,005
Other consumer (1)		482			—			52,871			41,094			—
Total nonaccruing troubled debt restructured loans	$	97,092		$	39,251		$	429,559		$	309,284		$	1,219,373

(1) Includes home equity, automobile, and other consumer loans.

27