SKY Financial 8K Regulation FD Disclosure | SEC 25 Apr 06

2006 Annual Meeting

April 19, 2006

Exhibit 99.1

Forward Looking Statement

This presentation contains forward-looking statements relating to the

financial condition, results of operations and business of Sky Financial

Group, Inc. Actual results could differ materially from those indicated. Among

the important factors that could cause actual results to differ materially are

interest rates, the success of the integration of acquisitions, changes in the

mix of the company’s business, competitive pressures, general economic

conditions and the risk factors detailed in the Company’s periodic reports

and registration statements filed with the Securities and Exchange

Commission. Sky Financial Group undertakes no obligation to release

revisions to these forward-looking statements or reflect events or

circumstances after the date of this presentation.

This presentation contains financial information adjusted to exclude the

results of certain significant transactions or events not representative of

ongoing operations (“non-operating items”). A reconciliation of these non-

GAAP disclosures will be filed in a form 8-K.

Sky Profile

$15.7 billion in total assets

Eight regions consolidated under Sky name

Over 290 financial centers serving communities

in Ohio, Michigan, Pennsylvania, Indiana and

West Virginia

36th largest publicly-owned bank holding

company in U.S.

Pending Acquisition of Union Federal Bank –

Third quarter of 2006

Solid Midwest Franchise

Ohio

•

largest

•

$8.2 billion in

deposits

•

216 offices

Pennsylvania

•

largest

•

$2.5 billion in

deposits

•

66 offices

MI-IN-WV

•

$172 million

in deposits

•

9 offices

Source: SNL Financial LC

A Strong Growth Profile

A Record of Rapid Growth

Assets in ($ Billions)*

$4.2

$4.9

$8.3

$8.8

$9.3

$12.6

$15.3

$10.6

$0.6

$1.1

$1.5

$0.4

$2.3

$3.1

1998

1999

2000

2001

2002

2003

2004

2005

Acquisitions

CAGR = 21%

* Excluding discontinued operations

Sky Priorities

Organic growth

Growth of fee-based businesses

Organizational synergies

Sound asset quality

Acquisitions

One Company ~ One Culture

A Platform for Organic Growth

54%

37%

35%

48%

11%

15%

Dec '01

Dec '05

Single-service

2-3 Services

4+ Services

Sky Trek -

Building Relationships

Balance Sheet Growth

$ Billions

$6.5

$7.6

$10.4

$10.8

$8.5

2001

2002

2003

2004

2005

Deposits

$6.2

$7.3

$8.6

$10.6

$11.1

2001

2002

2003

2004

2005

Loans

$ Billions

Fee-Based Business Growth

Trust assets under administration:

$4.8 billion

Brokerage volume:

$200 million

Annual insurance commissions:

$60 million

Mortgage servicing portfolio:

$6.3 billion

Growth platform based on community

financial services relationship model

Delivery though Sky banking regions via

bank CEOs

Fee-Based Business Growth

A Change in Fee Mix*

$81

$162

$243

2001

2002

2003

2004

2005

Insurance

Mortg. Banking

Service Charges

Trust/Brokerage

Other

(Millions)

CAGR = 17%

*Excluding discontinued/sold operations

$120

$148

$179

$203

$211

Efficiency Ratio*

48.5%

48.6%

51.6%

51.8%

52.6%

2001

2002

2003

2004

2005

Non-Interest Expense/Total Revenues

*Excludes merger-related expenses and amortization of intangibles.

The 2005 ratio includes the effects of expensing stock options.

Sound Asset Quality

Conservative

credit culture

Disciplined

lending practices

History of low

charge-offs

Net Charge-Offs as a %

Of Average Loans

0.40%

0.47%

0.37%

0.57%

0.40%

2001

2002

2003

2004

2005

Good Reserve Coverage

1.50%

1.45%

1.43%

1.30%

1.35%

1.07%

0.96%

0.94%

0.55%

2002

2003

2004

2005

Reserves to Total Loans

Non-Performings to Total Loans

Acquisitions

Institution

Close Date

Total Return*

Union Federal Bank

Quarter 2006

N.A

Falls Bank

November 29, 2005

-1.42%

Belmont Bancorp

June 1, 2005

0.39%

Prospect Bancshares

November 30, 2004

11.69%

Second Bancorp

July 1, 2004

12.04%

GLB Bancorp

October 19, 2003

30.32%

Metropolitan Financial Corp.

April 30, 2003

56.29%

Three Rivers Bancorp

October 1, 2002

29.64%

* December 31, 2005 -

Total return to acquired shareholders since merger

announcement.

Enhancement of financial services product lines –

primarily

insurance brokerage: Ten acquisitions since 1999

Bank expansion of geography into contiguous markets

A Successful Strategy

Acquisitions

Indianapolis

MSA

–

one

the

top

markets

Midwest

largest city in U.S.

43 offices and $1.9 billion

in deposits to form Sky’s

ninth region

Significant organic growth

opportunity for Sky’s

community relationship

model

Immediately accretive to

core operating results

Union Federal Bank -

A Ninth Region for Sky

Acquisitions

Ranked 4th in branch locations and deposit market share in the MSA

Top three largest competitors have more than 50% of the market share

Source:

SNL

Financial

–

2005

Deposit

Market

Data.

has

been

modified

reflect

only

pro

forma

deposits

acquired

this

transaction

100

24,913,269

586

Totals

1.80

449,231

Thrift

Lincoln Bancorp (IN)

2.38

593,113

Bank

Huntington Bancshares Inc. (OH)

3.06

761,412

Bank

KeyCorp (OH)

3.28

817,037

Bank

Natl Bk of Indianapolis Corp. (IN)

3.38

842,996

Bank

Regions Financial Corp. (AL)

5.52

1,376,120

Bank

First Indiana Corp. (IN)

7.35

1,832,120

Thrift

Union Federal Bank (IN)

8.16

2,031,933

Bank

Fifth Third Bancorp (OH)

21.12

5,262,229

112

Bank

National City Corp. (OH)

22.99

5,727,197

116

Bank

JPMorgan Chase & Co. (NY)

Mkt Share (%)

Deposits (000s)

Branches

Inst. Type

Institution

Rank

June '05

Indianapolis, IN MSA

Union Federal Bank -

A Ninth Region for Sky

Acquisitions

Indianapolis MSA

$1.8B

7.4%

Pittsburgh MSA

$1.8B

3.2%

Cleveland MSA

$0.9B

1.4%

Columbus MSA

$0.3B

1.0%

Focus on Metro Markets

By Metro Market

Deposits

% of Market

Rank

Source:

SNL

Financial

–

2005

Deposit

Market

Data.

has

been

modified

reflect

only

pro

forma

deposits

acquired

this

transaction

Approximately 40% of Sky’s pro forma deposits in major

metro markets

Acquisitions

Union Federal

Existing Sky Locations

Offices Acquired Since 2002

Significant franchise enhancement over last 3½

years

2005 Strategic Accomplishments

Two Bank Acquisitions Completed

–

Belmont National Bank (6/1/05)

–

Falls Bank (11/29/05)

Three Insurance Agency Acquisitions

Delivery Channel Improvements

–

New ATM Software Platform (2nd Qtr. 2005)

–

Business Online Banking Upgrade (3rd Qtr. 2005)

–

Core system upgrade (4th Qtr. 2005)

Tuning the Organization

–

Centralized item processing facility (2nd Qtr. 2005)

Sky Trek Enhancements

–

“Under One Sky”

initiative (4

Qtr. 2005)

2005 Core Operating Earnings

2001

2002

2003

2004

2005

Net Income

$120.7

$ 127.8

$ 156.6

$194.4

$182.6

Discontinued

Operations

(8.0)

(4.3)

3.9

19.2

0.4

Continuing

Operations

$128.7

$132.1

$152.7

$175.2

$183.4

Merger-related

Expenses

0.5

6.8

3.0

1.2

Core Operating

Earnings

$129.2

$138.9

$155.7

$178.2

$182.4

(In Millions)

Earnings Per Share

$1.45

$1.52

$1.73

$1.93

$1.69

$1.55

$1.65

$1.72

$1.77

$1.70

2001

2002

2003

2004

2005

Net Income

Core Operating Earnings*

Core operating earnings reflect net income, excluding discontinued operations and merger-

related expenses not reflective of current operations.

Diluted

First Quarter Results

Earnings

Core Operating Results

1Q 2005

1Q 2006

% Change

Core Operating EPS

$.29

$.46

58.6%

Cash EPS*

$.31

$.49

58.1%

ROTE*

14.13%

21.49%

ROTA*

0.93%

1.43%

* Excluding discontinued operations, non-operating items and amortization of intangibles

First Quarter Results

3.69%

3.78%

1Q'05

1Q'06

Net Interest Margin

$10.7

$10.4

$11.0

$11.1

Loans

Deposits

Quarter ’05

Quarter ‘06

Loans/Deposits

First Quarter Results

1.21%

0.29%

1Q'05

1Q'06

Net Charge-Offs

1.41%

1.29%

1.16%

1.18%

1Q'05

1Q'06

Reserves to Total Loans

Non-Performings to Total Loans

First Quarter Results

Efficiency ratio excludes merger-related

expenses and amortization of intangibles

Revenue Growth/Mix

54.39%

53.67%

1Q'05

1Q'06

Efficiency

1Q'05

1Q'06

Securities

Gains

Other

Income

Net Interest

Income

30%

29%

71%

70%

$175

$190

Full-Year Expectations

Full-Year Core Operating EPS -

$1.90 to

$1.95

Earnings outlook driven by:

–

Solid core growth with a focus on DDA

–

Sound interest rate risk management

–

Accelerating fee businesses

–

Net charge-offs well controlled

–

Disciplined expense control

2006 Strategic Initiatives

Talent at All Levels

–

Implementation of enhanced Management

Development and Management Trainee

programs in 2006

–

Focus on making performance management

processes effective

–

Improved recruitment processes that will

bring talent to all levels of the organization

•

Gary Small –

EVP Community Banking

•

Caren Cantrell –

Chief Operations Officer

•

Zahid Afzal –

Chief Technology Officer

2006 Strategic Initiatives

Tuning the Organization

–

Devote resources to developing and

implementing changes to a wide variety of

processes to…

•

Improve the level of client service

•

Help achieve Sky’s financial performance goals

–

Examples from 60 ongoing improvements:

•

Online banking & bill payment enrollment

process

•

New account opening processes

•

Retail loan collections

2006 Strategic Initiatives

Client Satisfaction

–

Achieving our organic growth goal dependent on

clients…

•

Staying

•

“Buying More”

(deepening the relationship)

•

Actively referring others

–

Employee focus groups and client research to

improve client’s experience

–

Build tools to measure client satisfaction over time

and increase the number of satisfied and loyal

clients.

Maximizing Shareholder Value

100

110

120

130

140

150

12/31/02

Sky

S&P 500

S&P Banks

Total Shareholder Returns

3/31/06

Ohio Peer Banks

Change In Stock Price

3/31/06

100

110

120

130

140

150

Sky

Fifth Third

1st Merit

Hunt.

Key

Nat City

12/31/01

Maximizing Shareholder Value

Aggressive Performance Goals

Solid Operating Performance

Balance Sheet Strength

Well-managed Interest Rate Risk

Strong Growth Profile

Please E-mail Us:

marty.adams@skyfi.com

kevin.thompson@skyfi.com

2006 Sky Annual Meeting

April 19, 2006

SKY Financial Inactive 8-KRegulation FD Disclosure