EXHIBIT 99.2

HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Review
June 2005

Table of Contents

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

Note:

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

Huntington Bancshares Incorporated
Consolidated Balance Sheets

										Change
	2005			2004						June ’05 vs ’04
(in thousands of dollars, except per share amounts)	June 30,			December 31,			June 30,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	976,432		$	877,320		$	1,162,995		$	(186,563	)		(16.0	)%
Federal funds sold and securities purchased under resale agreements		121,310			628,040			193,772			(72,462	)		(37.4	)
Interest bearing deposits in banks		22,758			22,398			24,009			(1,251	)		(5.2	)
Trading account securities		328,715			309,630			20,577			308,138			N.M.
Loans held for sale		395,053			223,469			314,262			80,791			25.7
Investment securities		3,849,955			4,238,945			4,991,439			(1,141,484	)		(22.9	)
Loans and leases (1)		24,567,148			23,560,277			21,775,669			2,791,479			12.8
Allowance for loan and lease losses		(254,784	)		(271,211	)		(286,935	)		32,151			(11.2	)
Net loans and leases		24,312,364			23,289,066			21,488,734			2,823,630			13.1
Operating lease assets		353,678			587,310			888,612			(534,934	)		(60.2	)
Bank owned life insurance		983,302			963,059			944,892			38,410			4.1
Premises and equipment		356,697			355,115			354,534			2,163			0.6
Goodwill and other intangible assets		217,576			215,807			216,215			1,361			0.6
Customers’ acceptance liability		7,509			11,299			6,613			896			13.5
Accrued income and other assets		1,063,625			844,039			814,552			249,073			30.6
Total Assets	$	32,988,974		$	32,565,497		$	31,421,206		$	1,567,768			5.0	%
Liabilities and Shareholders’ Equity
Liabilities
Deposits (2)	$	22,330,576		$	20,768,161		$	19,465,146		$	2,865,430			14.7	%
Short-term borrowings		1,266,535			1,207,233			1,130,830			135,705			12.0
Federal Home Loan Bank advances		903,864			1,271,088			1,270,455			(366,591	)		(28.9	)
Other long-term debt		3,034,154			4,016,004			4,557,373			(1,523,219	)		(33.4	)
Subordinated notes		1,046,283			1,039,793			1,011,506			34,777			3.4
Allowance for unfunded loan commitments and letters of credit		37,511			33,187			31,193			6,318			20.3
Bank acceptances outstanding		7,509			11,299			6,613			896			13.5
Deferred federal income tax liability		784,504			783,628			699,148			85,356			12.2
Accrued expenses and other liabilities		947,263			897,466			862,573			84,690			9.8
Total Liabilities		30,358,199			30,027,859			29,034,837			1,323,362			4.6
Shareholders’ equity
Preferred stock - authorized 6,617,808 shares; none outstanding		—			—			—			—			—
Common stock - without par value; authorized 500,000,000 shares; issued 257,866,255 shares; outstanding 230,842,020; 231,605,281 and 229,475,821 shares, respectively.		2,487,981			2,484,204			2,482,069			5,912			0.2
Less 27,024,235; 26,260,974 and 28,390,434 treasury shares, respectively		(526,814	)		(499,259	)		(539,852	)		13,038			(2.4	)
Accumulated other comprehensive loss		(720	)		(10,903	)		(27,204	)		26,484			(97.4	)
Retained earnings		670,328			563,596			471,356			198,972			42.2
Total Shareholders’ Equity		2,630,775			2,537,638			2,386,369			244,406			10.2
Total Liabilities and Shareholders’ Equity	$	32,988,974		$	32,565,497		$	31,421,206		$	1,567,768			5.0	%

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

1

Huntington Bancshares Incorporated
Credit Exposure Composition

													Change
	2005				2004								June ’05 vs ’04
(in thousands of dollars)	June 30,				December 31,				June 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Commercial:
Middle market commercial and industrial	$	4,883,354	19.6	%	$	4,660,141	19.3	%	$	4,270,282	18.8	%	$	613,072			14.4	%
Construction		1,684,299	6.8			1,592,125	6.6			1,501,248	6.6			183,051			12.2
Commercial		1,899,518	7.6			1,881,835	7.8			1,959,684	8.6			(60,166	)		(3.1	)
Middle market commercial real estate		3,583,817	14.4			3,473,960	14.4			3,460,932	15.2			122,885			3.6
Small business commercial and industrial and commercial real estate		2,258,097	9.1			2,168,877	8.9			2,060,259	9.1			197,838			9.6
Total commercial		10,725,268	43.1			10,302,978	42.6			9,791,473	43.1			933,795			9.5
Consumer:
Automobile loans		2,045,771	8.2			1,948,667	8.1			1,814,644	8.0			231,127			12.7
Automobile leases		2,458,432	9.9			2,443,455	10.1			2,184,633	9.6			273,799			12.5
Home equity		4,683,577	18.8			4,554,540	18.9			4,255,576	18.8			428,001			10.1
Residential mortgage		4,152,203	16.7			3,829,234	15.9			3,283,779	14.5			868,424			26.4
Other loans		501,897	1.9			481,403	2.0			445,564	2.1			56,333			12.6
Total consumer		13,841,880	55.5			13,257,299	55.0			11,984,196	53.0			1,857,684			15.5
Total loans and direct financing leases	$	24,567,148	98.6		$	23,560,277	97.6		$	21,775,669	96.1		$	2,791,479			12.8
Operating lease assets		353,678	1.4			587,310	2.4			888,612	3.9			(534,934	)		(60.2	)
Total credit exposure	$	24,920,826	100.0	%	$	24,147,587	100.0	%	$	22,664,281	100.0	%	$	2,256,545			10.0	%
Total automobile exposure (1)	$	4,857,881	19.5	%	$	4,979,432	20.6	%	$	4,887,889	21.6	%	$	(30,008	)		(0.6	)%
By Business Segment (2)
Regional Banking:
Central Ohio (3)	$	6,593,763	26.5	%	$	6,293,471	26.1	%	$	5,663,749	25.0	%	$	930,014			16.4	%
Northern Ohio		2,916,456	11.7			2,857,746	11.8			2,696,268	11.9			220,188			8.2
Southern Ohio / Kentucky		2,105,173	8.4			1,895,180	7.8			1,758,808	7.8			346,365			19.7
West Michigan		2,386,443	9.6			2,271,682	9.4			2,216,170	9.8			170,273			7.7
East Michigan		1,495,978	6.0			1,430,169	5.9			1,359,098	6.0			136,880			10.1
West Virginia		918,620	3.7			882,016	3.7			812,929	3.6			105,691			13.0
Indiana		1,045,960	4.2			961,700	4.0			811,431	3.6			234,529			28.9
Regional Banking		17,462,393	70.1			16,591,964	68.7			15,318,453	67.7			2,143,940			14.0
Dealer Sales (4)		5,761,333	23.1			5,920,256	24.5			5,832,391	25.7			(71,058	)		(1.2	)
Private Financial and Capital Markets Group		1,697,100	6.8			1,635,367	6.8			1,513,437	6.6			183,663			12.1
Treasury / Other		—	—			—	—			—	—			—			—
Total credit exposure	$	24,920,826	100.0	%	$	24,147,587	100.0	%	$	22,664,281	100.0	%	$	2,256,545			10.0	%

N.M., not a meaningful value.
(1)	Sum of automobile loans and leases and operating lease assets.
(2)	Prior period amounts have been reclassified to conform to the current period business segment structure. Effective June 30, 2005, the Capital Markets Group was removed from Treasury / Other and combined with the Private Financial Group (PFG), prior period amounts have been reclassified.
(3)	Includes operating lease equipment.
(4)	Includes operating lease inventory and securitized loans.

2

Huntington Bancshares Incorporated
Deposit Composition

													Change
	2005				2004								June ’05 vs ’04
(in thousands of dollars)	June 30,				December 31,				June 30,				Amount			Percent
	(Unaudited)								(Unaudited)
By Type
Demand deposits - non-interest bearing	$	3,221,352	14.4	%	$	3,392,123	16.3	%	$	3,327,426	17.1	%	$	(106,074	)		(3.2	)%
Demand deposits - interest bearing		7,674,807	34.4			7,786,377	37.5			7,124,144	36.6			550,663			7.7
Savings and other domestic time deposits		3,332,728	14.9			3,502,552	16.9			3,605,778	18.5			(273,050	)		(7.6	)
Retail certificates of deposit		3,032,957	13.6			2,466,965	11.9			2,412,178	12.4			620,779			25.7
Total core deposits		17,261,844	77.3			17,148,017	82.6			16,469,526	84.6			792,318			4.8
Domestic time deposits of $100,000 or more		1,177,271	5.3			1,081,660	5.2			808,415	4.2			368,856			45.6
Brokered deposits and negotiable CDs		3,459,645	15.5			2,097,537	10.1			1,679,099	8.6			1,780,546			N.M.
Deposits in foreign offices		431,816	1.9			440,947	2.1			508,106	2.6			(76,290	)		(15.0	)
Total deposits	$	22,330,576	100.0	%	$	20,768,161	100.0	%	$	19,465,146	100.0	%	$	2,865,430			14.7	%
Total core deposits:
Commercial	$	5,399,412	31.3	%	$	5,293,666	30.9	%	$	5,080,250	30.8	%	$	319,162			6.3	%
Personal		11,862,432	68.7			11,854,351	69.1			11,389,276	69.2			473,156			4.2
Total core deposits	$	17,261,844	100.0	%	$	17,148,017	100.0	%	$	16,469,526	100.0	%	$	792,318			4.8	%
By Business Segment (1)
Regional Banking:
Central Ohio	$	4,830,088	21.6	%	$	4,695,464	22.6	%	$	4,619,437	23.7	%	$	210,651			4.6	%
Northern Ohio		3,964,220	17.8			4,068,385	19.6			3,771,145	19.4			193,075			5.1
Southern Ohio / Kentucky		1,823,532	8.2			1,742,353	8.4			1,557,288	8.0			266,244			17.1
West Michigan		2,599,452	11.6			2,643,510	12.7			2,598,397	13.3			1,055			0.0
East Michigan		2,241,112	10.0			2,222,191	10.7			2,078,967	10.7			162,145			7.8
West Virginia		1,412,290	6.3			1,375,151	6.6			1,368,951	7.0			43,339			3.2
Indiana		772,256	3.5			663,927	3.2			667,501	3.4			104,755			15.7
Regional Banking		17,642,950	79.0			17,410,981	83.8			16,661,686	85.5			981,264			5.9
Dealer Sales		68,470	0.3			74,969	0.4			70,595	0.4			(2,125	)		(3.0	)
Private Financial and Capital Markets Group		1,159,189	5.2			1,176,303	5.7			1,017,115	5.2			142,074			14.0
Treasury / Other (2)		3,459,967	15.5			2,105,908	10.1			1,715,750	8.9			1,744,217			N.M.
Total deposits	$	22,330,576	100.0	%	$	20,768,161	100.0	%	$	19,465,146	100.0	%	$	2,865,430			14.7	%

N.M., not a meaningful value.
(1)	Prior period amounts have been reclassified to conform to the current period business segment structure. Effective June 30, 2005, the Capital Markets Group was removed from Treasury / Other and combined with the Private Financial Group (PFG), prior period amounts have been reclassified.
(2)	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	2005							2004								2Q05 vs 2Q04
(in millions of dollars)	Second			First			Fourth			Third			Second			Amount			Percent
Assets
Interest bearing deposits in banks	$	54		$	53		$	60		$	55		$	69		$	(15	)		(21.7	)%
Trading account securities		236			200			228			148			28			208			N.M.
Federal funds sold and securities purchased under resale agreements		225			475			695			318			168			57			33.9
Loans held for sale		276			203			229			283			254			22			8.7
Investment securities:
Taxable		3,589			3,932			3,858			4,340			4,861			(1,272	)		(26.2	)
Tax-exempt		411			409			404			398			410			1			0.2
Total investment securities		4,000			4,341			4,262			4,738			5,271			(1,271	)		(24.1	)
Loans and leases: (1)
Commercial:
Middle market commercial and industrial		4,901			4,710			4,503			4,298			4,555			346			7.6
Construction		1,678			1,642			1,577			1,514			1,272			406			31.9
Commercial		1,905			1,883			1,852			1,913			1,919			(14	)		(0.7	)
Middle market commercial real estate		3,583			3,525			3,429			3,427			3,191			392			12.3
Small business commercial and industrial and commercial real estate		2,230			2,183			2,136			2,081			2,018			212			10.5
Total commercial		10,714			10,418			10,068			9,806			9,764			950			9.7
Consumer:
Automobile loans		2,069			2,008			1,913			1,857			2,337			(268	)		(11.5	)
Automobile leases		2,468			2,461			2,388			2,250			2,139			329			15.4
Automobile loans and leases		4,537			4,469			4,301			4,107			4,476			61			1.4
Home equity		4,636			4,570			4,489			4,337			4,107			529			12.9
Residential mortgage		4,080			3,919			3,695			3,484			2,986			1,094			36.6
Other loans		491			480			479			461			434			57			13.1
Total consumer		13,744			13,438			12,964			12,389			12,003			1,741			14.5
Total loans and leases		24,458			23,856			23,032			22,195			21,767			2,691			12.4
Allowance for loan and lease losses		(270	)		(282	)		(283	)		(288	)		(310	)		40			12.9
Net loans and leases		24,188			23,574			22,749			21,907			21,457			2,731			12.7
Total earning assets		29,249			29,128			28,506			27,737			27,557			1,692			6.1
Operating lease assets		409			529			648			800			977			(568	)		(58.1	)
Cash and due from banks		865			909			880			928			772			93			12.0
Intangible assets		218			218			216			216			216			2			0.9
All other assets		2,149			2,079			2,094			2,066			2,101			48			2.3
Total Assets	$	32,620		$	32,581		$	32,061		$	31,459		$	31,313		$	1,307			4.2	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,352		$	3,314		$	3,401		$	3,276		$	3,223		$	129			4.0	%
Demand deposits — interest bearing		7,677			7,925			7,658			7,384			7,168			509			7.1
Savings and other domestic time deposits		3,230			3,309			3,395			3,436			3,439			(209	)		(6.1	)
Retail certificates of deposit		2,720			2,496			2,454			2,414			2,400			320			13.3
Total core deposits		16,979			17,044			16,908			16,510			16,230			749			4.6
Domestic time deposits of $100,000 or more		1,248			1,249			990			886			795			453			57.0
Brokered deposits and negotiable CDs		3,249			2,728			1,948			1,755			1,737			1,512			87.0
Deposits in foreign offices		434			442			465			476			542			(108	)		(19.9	)
Total deposits		21,910			21,463			20,311			19,627			19,304			2,606			13.5
Short-term borrowings		1,301			1,179			1,302			1,342			1,396			(95	)		(6.8	)
Federal Home Loan Bank advances		1,136			1,196			1,270			1,270			1,270			(134	)		(10.6	)
Subordinated notes and other long-term debt		4,100			4,517			5,099			5,244			5,623			(1,523	)		(27.1	)
Total interest bearing liabilities		25,095			25,041			24,581			24,207			24,370			725			3.0
All other liabilities		1,554			1,699			1,598			1,564			1,397			157			11.2
Shareholders’ equity		2,619			2,527			2,481			2,412			2,323			296			12.7
Total Liabilities and Shareholders’ Equity	$	32,620		$	32,581		$	32,061		$	31,459		$	31,313		$	1,307			4.2	%

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)
	2005						2004
Fully taxable equivalent basis (1)	Second			First			Fourth			Third			Second
Assets
Interest bearing deposits in banks		1.47	%		1.88	%		1.61	%		0.91	%		1.05	%
Trading account securities		3.94			4.14			4.15			4.44			3.02
Federal funds sold and securities purchased under resale agreements		2.76			2.36			1.99			1.53			1.21
Loans held for sale		6.04			5.55			5.69			5.25			5.17
Investment securities:
Taxable		4.13			3.87			3.77			3.83			3.83
Tax-exempt		6.76			6.73			6.89			7.06			7.07
Total investment securities		4.40			4.14			4.07			4.10			4.09
Loans and leases: (3)
Commercial:
Middle market commercial and industrial		5.65			5.02			4.80			4.46			4.05
Construction		5.70			5.13			4.65			4.13			3.73
Commercial		5.44			5.15			4.80			4.45			4.20
Middle market commercial real estate		5.56			5.14			4.73			4.31			4.02
Small business commercial and industrial and commercial real estate		5.99			5.81			5.67			5.45			5.33
Total commercial		5.69			5.23			4.96			4.62			4.30
Consumer:
Automobile loans		6.57			6.83			7.31			7.65			7.20
Automobile leases		4.91			4.92			5.00			5.02			5.06
Automobile loans and leases		5.67			5.78			6.02			6.21			6.17
Home equity		6.24			5.77			5.30			4.84			4.75
Residential mortgage		5.37			5.36			5.53			5.48			5.40
Other loans		6.22			6.42			6.87			6.54			6.21
Total consumer		5.79			5.67			5.66			5.54			5.49
Total loans and leases		5.75			5.48			5.34			5.12			4.95
Total earning assets		5.52	%		5.21	%		5.05	%		4.89	%		4.76	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits - non-interest bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits interest bearing		1.64			1.45			1.21			1.06			0.94
Savings and other domestic time deposits		1.34			1.27			1.26			1.24			1.23
Retail certificates of deposit		3.49			3.43			3.38			3.32			3.27
Total core deposits		1.94			1.76			1.62			1.52			1.45
Domestic time deposits of $100,000 or more		3.27			2.92			2.51			2.40			2.37
Brokered deposits and negotiable CDs		3.25			2.80			2.26			1.84			1.57
Deposits in foreign offices		1.95			1.41			0.98			0.83			0.76
Total deposits		2.26			1.99			1.73			1.58			1.48
Short-term borrowings		2.16			1.66			1.17			0.92			0.80
Federal Home Loan Bank advances		3.02			2.90			2.68			2.60			2.52
Subordinated notes and other long-term debt		3.91			3.39			2.67			2.62			2.24
Total interest bearing liabilities		2.56	%		2.27	%		1.94	%		1.82	%		1.66	%
Net interest rate spread		2.96	%		2.94	%		3.11	%		3.07	%		3.10	%
Impact of non-interest bearing funds on margin		0.40			0.37			0.27			0.23			0.19
Net interest margin		3.36	%		3.31	%		3.38	%		3.30	%		3.29	%

(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 Direct Financing Leases
  And Deposit Composition By Business Segment
(Unaudited)

	Average Balances										Change
	2005				2004						2Q05 vs 2Q04
(in millions of dollars)	Second		First		Fourth		Third		Second		Amount			Percent
Loans and direct financing leases (1)
Regional Banking:
Central Ohio	$	6,537	$	6,371	$	6,137	$	5,855	$	5,309	$	1,228			23.1	%
Northern Ohio		2,921		2,867		2,810		2,747		2,689		232			8.6
Southern Ohio / Kentucky		2,067		1,967		1,862		1,794		1,729		338			19.5
West Michigan		2,366		2,297		2,255		2,230		2,194		172			7.8
East Michigan		1,479		1,444		1,402		1,376		1,334		145			10.9
West Virginia		907		878		875		840		811		96			11.8
Indiana		1,022		980		906		835		782		240			30.7
Regional Banking		17,299		16,804		16,247		15,677		14,848		2,451			16.5
Dealer Sales		5,496		5,410		5,204		4,982		5,436		60			1.1
Private Financial and Capital Markets Group		1,663		1,642		1,581		1,536		1,483		180			12.1
Treasury / Other		—		—		—		—		—		—			—
Total loans and direct financing leases	$	24,458	$	23,856	$	23,032	$	22,195	$	21,767	$	2,691			12.4	%
Deposit composition (1)
Regional Banking:
Central Ohio	$	4,751	$	4,658	$	4,557	$	4,411	$	4,470	$	281			6.3	%
Northern Ohio		3,931		4,085		4,028		3,937		3,696		235			6.4
Southern Ohio / Kentucky		1,750		1,764		1,665		1,573		1,515		235			15.5
West Michigan		2,638		2,684		2,672		2,641		2,612		26			1.0
East Michigan		2,270		2,298		2,199		2,132		2,063		207			10.0
West Virginia		1,387		1,367		1,359		1,373		1,321		66			5.0
Indiana		723		698		679		665		657		66			10.0
Regional Banking		17,450		17,554		17,159		16,732		16,334		1,116			6.8
Dealer Sales		69		71		72		72		72		(3	)		(4.2	)
Private Financial and Capital Markets Group		1,134		1,094		1,116		1,049		1,064		70			6.6
Treasury / Other		3,257		2,744		1,964		1,774		1,834		1,423			77.6
Total deposits	$	21,910	$	21,463	$	20,311	$	19,627	$	19,304	$	2,606			13.5	%

⁽¹⁾ Prior period amounts have been reclassified to conform to the current period business segment structure. Effective June 30, 2005, the Capital Markets Group was removed from Treasury / Other and combined with the Private Financial Group (PFG), prior period amounts have been reclassified.

6

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)

	2005						2004									2Q05 vs 2Q04
(in thousands of dollars, except per share amounts)	Second			First			Fourth			Third			Second			Amount			Percent
Interest income	$	402,326		$	376,105		$	359,215		$	338,002		$	324,167		$	78,159			24.1	%
Interest expense		160,426			140,907			120,147			110,944			101,604			58,822			57.9
Net interest income		241,900			235,198			239,068			227,058			222,563			19,337			8.7
Provision for credit losses		12,895			19,874			12,654			11,785			5,027			7,868			N.M.
Net interest income after provision for credit losses		229,005			215,324			226,414			215,273			217,536			11,469			5.3
Operating lease income		38,097			46,732			55,106			64,412			78,706			(40,609	)		(51.6	)
Service charges on deposit accounts		41,516			39,418			41,747			43,935			43,596			(2,080	)		(4.8	)
Trust services		19,113			18,196			17,315			17,064			16,708			2,405			14.4
Brokerage and insurance income		13,544			13,026			12,879			13,200			13,523			21			0.2
Bank owned life insurance income		10,139			10,104			10,484			10,019			11,309			(1,170	)		(10.3	)
Other service charges and fees		11,252			10,159			10,617			10,799			10,645			607			5.7
Mortgage banking income (loss)		(2,376	)		12,061			8,822			4,448			23,322			(25,698	)		N.M.
Securities gains (losses)		(343	)		957			2,100			7,803			(9,230	)		8,887			96.3
Gain on sales of automobile loans		254			—			—			312			4,890			(4,636	)		(94.8	)
Other income		24,974			17,397			23,870			17,899			24,659			315			1.3
Total non-interest income		156,170			168,050			182,940			189,891			218,128			(61,958	)		(28.4	)
Personnel costs		124,090			123,981			122,738			121,729			119,715			4,375			3.7
Operating lease expense		28,879			37,948			48,320			54,885			62,563			(33,684	)		(53.8	)
Net occupancy		17,257			19,242			26,082			16,838			16,258			999			6.1
Outside data processing and other services		18,113			18,770			18,563			17,527			17,563			550			3.1
Equipment		15,637			15,863			15,733			15,295			16,228			(591	)		(3.6	)
Professional services		9,347			9,459			9,522			12,219			7,836			1,511			19.3
Marketing		7,441			6,454			5,581			5,000			8,069			(628	)		(7.8	)
Telecommunications		4,801			4,882			4,596			5,359			4,638			163			3.5
Printing and supplies		3,293			3,094			3,148			3,201			3,098			195			6.3
Amortization of intangibles		204			204			205			204			204			—			—
Restructuring reserve releases		—			—			—			(1,151	)		—			—			—
Other expense		19,074			18,380			26,526			22,317			25,981			(6,907	)		(26.6	)
Total non-interest expense		248,136			258,277			281,014			273,423			282,153			(34,017	)		(12.1	)
Income before income taxes		137,039			125,097			128,340			131,741			153,511			(16,472	)		(10.7	)
Provision for income taxes		30,614			28,578			37,201			38,255			43,384			(12,770	)		(29.4	)
Net income	$	106,425		$	96,519		$	91,139		$	93,486		$	110,127		$	(3,702	)		(3.4	)%
Average common shares — diluted		235,671			235,053			235,502			234,348			232,659			3,012			1.3	%
Per common share
Net income — diluted	$	0.45		$	0.41		$	0.39		$	0.40		$	0.47		$	(0.02	)		(4.3	)
Cash dividends declared		0.215			0.200			0.200			0.200			0.175			0.040			22.9
Return on average total assets		1.31	%		1.20	%		1.13	%		1.18	%		1.41	%		(0.10	)%		(7.1	)
Return on average total shareholders’ equity		16.3			15.5			14.6			15.4			19.1			(2.8	)		(14.7	)
Net interest margin (1)		3.36			3.31			3.38			3.30			3.29			0.07			2.1
Efficiency ratio (2)		61.8			63.7			66.4			66.3			62.3			(0.5	)		(0.8	)
Effective tax rate		22.3			22.8			29.0			29.0			28.3			(6.0	)		(21.2	)
Revenue - fully taxable equivalent (FTE)
Net interest income	$	241,900		$	235,198		$	239,068		$	227,058		$	222,563		$	19,337			8.7
FTE adjustment		2,961			2,861			2,847			2,864			2,919			42			1.4
Net interest income (1)		244,861			238,059			241,915			229,922			225,482			19,379			8.6
Non-interest income		156,170			168,050			182,940			189,891			218,128			(61,958	)		(28.4	)
Total revenue (1)	$	401,031		$	406,109		$	424,855		$	419,813		$	443,610		$	(42,579	)		(9.6	)%

N.M., not a meaningful value.
(1)	On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.
(2)	Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains (losses).

7

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)

	2005						2004
(in thousands of dollars)	Second			First			Fourth			Third			Second
Allowance for loan and lease losses, beginning of period	$	264,390		$	271,211		$	282,650		$	286,935		$	295,377
Loan and lease losses		(25,733	)		(37,213	)		(31,737	)		(26,366	)		(30,845	)
Recoveries of loans previously charged off		9,469			8,941			10,824			9,886			18,330
Net loan and lease losses		(16,264	)		(28,272	)		(20,913	)		(16,480	)		(12,515	)
Provision for loan and lease losses		13,247			21,451			9,474			12,971			5,923
Economic reserve transfer		(6,253	)		—			—			—			—
Allowance of assets sold and securitized		(336	)		—			—			(776	)		(1,850	)
Allowance for loan and lease losses, end of period	$	254,784		$	264,390		$	271,211		$	282,650		$	286,935
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	31,610		$	33,187		$	30,007		$	31,193		$	32,089
Provision for unfunded loan commitments and letters of credit losses		(352	)		(1,577	)		3,180			(1,186	)		(896	)
Economic reserve transfer		6,253			—			—			—			—
Allowance for unfunded loan commitments and letters of credit, end of period	$	37,511		$	31,610		$	33,187		$	30,007		$	31,193
Total allowances for credit losses	$	292,295		$	296,000		$	304,398		$	312,657		$	318,128
Allowance for loan and lease losses (ALLL) as % of:
Transaction reserve		0.77	%		0.81	%		0.78	%		0.84	%		0.86	%
Economic reserve		0.22			0.27			0.32			0.33			0.36
Specific reserve		0.05			0.01			0.05			0.08			0.10
Total loans and leases		1.04	%		1.09	%		1.15	%		1.25	%		1.32	%
Non-performing loans and leases (NPLs)		304			441			424			417			464
Non-performing assets (NPAs)		262			361			250			351			384
Total allowances for credit losses (ACL) as % of:
Total loans and leases		1.19	%		1.22	%		1.29	%		1.38	%		1.46	%
Non-performing loans and leases		349			494			476			461			515
Non-performing assets		300			404			280			389			426

8

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

	2005						2004
(in thousands of dollars)	Second			First			Fourth			Third			Second
Net charge-offs by loan and lease type:
Commercial:
Middle market commercial and industrial	$	1,312		$	14,092		$	1,239		$	(102	)	$	(3,642	)
Construction		(134	)		(51	)		704			(19	)		276
Commercial		2,269			(152	)		1,834			1,490			2,222
Middle market commercial real estate		2,135			(203	)		2,538			1,471			2,498
Small business commercial and industrial and commercial real estate		2,141			2,283			1,386			1,195			1,281
Total commercial		5,588			16,172			5,163			2,564			137
Consumer:
Automobile loans		1,664			3,216			4,406			5,142			5,604
Automobile leases		2,123			3,014			3,104			2,415			2,159
Automobile loans and leases		3,787			6,230			7,510			7,557			7,763
Home equity		5,065			3,963			5,346			4,259			2,569
Residential mortgage		430			439			608			534			302
Other loans		1,394			1,468			2,286			1,566			1,744
Total consumer		10,676			12,100			15,750			13,916			12,378
Total net charge-offs	$	16,264		$	28,272		$	20,913		$	16,480		$	12,515
Net charge-offs — annualized percentages:
Commercial:
Middle market commercial and industrial		0.11	%		1.20	%		0.11	%		(0.01	)%		(0.32	)%
Construction		(0.03	)		(0.01	)		0.18			(0.01	)		0.09
Commercial		0.48			(0.03	)		0.40			0.31			0.46
Middle market commercial real estate		0.24			(0.02	)		0.30			0.17			0.31
Small business commercial and industrial and commercial real estate		0.38			0.42			0.26			0.23			0.25
Total commercial		0.21			0.62			0.21			0.10			0.01
Consumer:
Automobile loans		0.32			0.64			0.92			1.11			0.96
Automobile leases		0.34			0.49			0.52			0.43			0.40
Automobile loans and leases		0.33			0.56			0.70			0.74			0.69
Home equity		0.44			0.35			0.48			0.39			0.25
Residential mortgage		0.04			0.04			0.07			0.06			0.04
Other loans		1.14			1.22			1.91			1.36			1.62
Total consumer		0.31			0.36			0.49			0.45			0.41
Net charge-offs as a % of average loans		0.27	%		0.47	%		0.36	%		0.30	%		0.23	%

9

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

	2005						2004
(in thousands of dollars)	June 30,			March 31,			December 31,			September 30,			June 30,
Non-accrual loans and leases:
Middle market commercial and industrial	$	26,856		$	16,993		$	24,179		$	20,098		$	24,336
Middle market commercial real estate		15,331			6,682			4,582			14,717			11,122
Small business commercial and industrial and commercial real estate		19,788			16,387			14,601			12,087			12,368
Residential mortgage		14,137			12,498			13,545			13,197			13,952
Home equity (1)		7,748			7,333			7,055			7,685			—
Total non-performing loans and leases		83,860			59,893			63,962			67,784			61,778
Other real estate, net:
Residential		10,758			10,571			8,762			8,840			8,851
Commercial (2)		2,800			2,839			35,844			3,852			4,067
Total other real estate, net		13,558			13,410			44,606			12,692			12,918
Total non-performing assets	$	97,418		$	73,303		$	108,568		$	80,476		$	74,696
Non-performing loans and leases as a % of total loans and leases		0.34	%		0.25	%		0.27	%		0.30	%		0.28	%
Non-performing assets as a % of total loans and leases and other real estate		0.40			0.30			0.46			0.36			0.34
Accruing loans and leases past due 90 days or more (1)	$	53,371		$	50,086		$	54,283		$	53,456		$	51,490
Accruing loans and leases past due 90 days or more as a percent of total loans and leases		0.22	%		0.21	%		0.23	%		0.24	%		0.24	%
	2005						2004
(in thousands of dollars)	Second			First			Fourth			Third			Second
Non-performing assets, beginning of period	$	73,303		$	108,568		$	80,476		$	74,696		$	91,694
New non-performing assets (1) (2)		47,420			33,607			61,684			22,740			25,727
Returns to accruing status		(250	)		(3,838	)		(2,248	)		—			(1,493	)
Loan and lease losses		(6,578	)		(17,281	)		(8,578	)		(5,424	)		(12,872	)
Payments		(11,925	)		(10,404	)		(8,829	)		(10,202	)		(13,571	)
Sales (2)		(4,552	)		(37,349	)		(13,937	)		(1,334	)		(14,789	)
Non-performing assets, end of period	$	97,418		$	73,303		$	108,568		$	80,476		$	74,696

(1)	As of September 30, 2004, the Company adopted a policy, consistent with its policy for residential mortgage loans, of placing home equity loans and lines on non-accrual status when they become greater than 180 days past due. In prior quarters, these balances were included in “Accruing loans and leases past due 90 days or more.”
(2)	At December 31, 2004, other real estate owned included $35.7 million of properties that related to the work-out of $5.9 million of mezzanine loans. These properties were subject to $29.8 million of non-recourse debt to another financial institution. Both properties were sold in the first quarter of 2005.

10

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

Quarterly common stock summary

	2005						2004
(in thousands, except per share amounts)	Second			First			Fourth			Third			Second
Common stock price, per share
High (1)	$	24.750		$	24.780		$	25.380		$	25.150		$	23.120
Low (1)		22.570			22.150			23.110			22.700			20.890
Close		24.140			23.900			24.740			24.910			22.980
Average closing price		23.771			23.216			24.241			24.105			22.050
Dividends, per share
Cash dividends declared on common stock	$	0.215		$	0.200		$	0.200		$	0.200		$	0.175
Common shares outstanding
Average - basic		232,217			231,824			231,147			229,848			229,429
Average - diluted		235,671			235,053			235,502			234,348			232,659
Ending		230,842			232,192			231,605			230,153			229,476
Book value per share	$	11.40		$	11.15		$	10.96		$	10.69		$	10.40
Common share repurchase program
Number of shares repurchased		1,818			—			—			—			—
Capital adequacy
	2005						2004
(in millions of dollars)	June 30,			March 31,			December 31,			September 30,			June 30,
Total risk-weighted assets (2)	$	30,006		$	30,267		$	29,542		$	28,679		$	28,416
Tier 1 leverage ratio (2)		8.52	%		8.45	%		8.42	%		8.36	%		8.20	%
Tier 1 risk-based capital ratio (2)		9.20			9.04			9.08			9.10			8.98
Total risk-based capital ratio (2)		12.41			12.33			12.48			12.53			12.56
Tangible equity / asset ratio		7.36			7.42			7.18			7.11			6.95
Tangible equity / risk-weighted assets ratio (2)		8.04			7.84			7.86			7.83			7.64
Average equity / average assets		8.03			7.76			7.74			7.67			7.42
Other data
Number of employees (full-time equivalent)		7,713			7,813			7,812			7,906			8,045
Number of domestic full-service banking offices (3)		344			343			342			341			341

(1)	High and low stock prices are intra-day quotes obtained from NASDAQ.
(2)	Second quarter 2005 figures are estimated.
(3)	Includes three Private Financial Group offices in Florida.

11

Huntington Bancshares Incorporated
Quarterly Operating Lease Performance
(Unaudited)

	2005								2004									2Q05 vs 2Q04
(in thousands of dollars)		Second			First			Fourth			Third			Second			Amount			Percent
Balance Sheet:
Average operating lease assets outstanding		$	408,798		$	529,245		$	647,970		$	800,145		$	976,626		$	(567,828	)		(58.1	)%
Income Statement:
Net rental income		$	34,562		$	43,554		$	51,016		$	60,267		$	72,402		$	(37,840	)		(52.3	)%
Fees			1,773			1,857			2,111			2,965			4,838			(3,065	)		(63.4	)
Recoveries - early terminations			1,762			1,321			1,979			1,180			1,466			296			20.2
Total operating lease income			38,097			46,732			55,106			64,412			78,706			(40,609	)		(51.6	)
Depreciation and residual losses at termination			26,560			34,703			45,293			49,917			57,412			(30,852	)		(53.7	)
Losses - early terminations			2,319			3,245			3,027			4,968			5,151			(2,832	)		(55.0	)
Total operating lease expense			28,879			37,948			48,320			54,885			62,563			(33,684	)		(53.8	)
Net earnings contribution		$	9,218		$	8,784		$	6,786		$	9,527		$	16,143		$	(6,925	)		(42.9	)%
Earnings ratios (1)
Net rental income			33.8	%		32.9	%		31.5	%		30.1	%		29.7	%		4.1	%		13.8	%
Depreciation and residual losses at termination			26.0			26.2			28.0			25.0			23.5			2.5			10.6

Definition of term(s):

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

⁽¹⁾ As a percent of average operating lease assets, quarterly and year-to-date amounts annualized.

12

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

	YTD Average Balances
Fully taxable equivalent basis	Six Months Ending June 30,						Change
(in millions of dollars)	2005			2004			Amount			Percent
Assets
Interest bearing deposits in banks	$	54		$	74		$	(20	)		(27.0	)%
Trading account securities		218			22			196			N.M.
Federal funds sold and securities purchased under resale agreements		349			130			219			N.M.
Loans held for sale		240			231			9			3.9
Investment securities:
Taxable		3,759			4,753			(994	)		(20.9	)
Tax-exempt		410			423			(13	)		(3.1	)
Total investment securities		4,169			5,176			(1,007	)		(19.5	)
Loans and leases: (1)
Commercial:
Middle market commercial and industrial		4,806			4,498			308			6.8
Construction		1,659			1,274			385			30.2
Commercial		1,894			1,896			(2	)		(0.1	)
Middle market commercial real estate		3,553			3,170			383			12.1
Small business commercial and industrial and commercial real estate		2,207			1,996			211			10.6
Total commercial		10,566			9,664			902			9.3
Consumer:
Automobile loans		2,038			2,689			(651	)		(24.2	)
Automobile leases		2,465			2,064			401			19.4
Automobile loans and leases		4,503			4,753			(250	)		(5.3	)
Home equity		4,603			3,959			644			16.3
Residential mortgage		4,000			2,830			1,170			41.3
Other loans		486			429			57			13.3
Total consumer		13,592			11,971			1,621			13.5
Total loans and leases		24,158			21,635			2,523			11.7
Allowance for loan and lease losses		(276	)		(311	)		35			11.3
Net loans and leases		23,882			21,324			2,558			12.0
Total earning assets		29,188			27,268			1,920			7.0
Operating lease assets		469			1,070			(601	)		(56.2	)
Cash and due from banks		887			756			131			17.3
Intangible assets		218			217			1			0.5
All other assets		2,115			2,075			40			1.9
Total Assets	$	32,601		$	31,075		$	1,526			4.9	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing	$	3,333		$	3,120		$	213			6.8	%
Demand deposits — interest bearing		7,800			6,889			911			13.2
Savings and other domestic time deposits		3,266			3,447			(181	)		(5.3	)
Retail certificates of deposit		2,609			2,400			209			8.7
Total core deposits		17,008			15,856			1,152			7.3
Domestic time deposits of $100,000 or more		1,249			792			457			57.7
Brokered deposits and negotiable CDs		2,995			1,822			1,173			64.4
Deposits in foreign offices		438			545			(107	)		(19.6	)
Total deposits		21,690			19,015			2,675			14.1
Short-term borrowings		1,240			1,499			(259	)		(17.3	)
Federal Home Loan Bank advances		1,166			1,272			(106	)		(8.3	)
Subordinated notes and other long-term debt		4,308			5,590			(1,282	)		(22.9	)
Total interest bearing liabilities		25,071			24,256			815			3.4
All other liabilities		1,624			1,398			226			16.2
Shareholders’ equity		2,573			2,301			272			11.8
Total Liabilities and Shareholders’ Equity	$	32,601		$	31,075		$	1,526			4.9	%

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
	Six Months Ending June 30,
Fully Taxable Equivalent basis (1)	2005			2004
Assets
Interest bearing deposits in banks		1.67	%		0.88	%
Trading account securities		4.03			3.36
Federal funds sold and securities purchased under resale agreements		2.49			1.28
Loans held for sale		5.83			5.25
Investment securities:
Taxable		3.99			3.94
Tax-exempt		6.75			6.97
Total investment securities		4.26			4.19
Loans and leases:
Commercial:
Middle market commercial and industrial		5.34			4.19
Construction		5.42			3.70
Commercial		5.30			4.26
Middle market commercial real estate		5.35			4.03
Small business commercial and industrial and commercial real estate		5.90			5.40
Total commercial		5.46			4.39
Consumer:
Automobile loans		6.70			7.05
Automobile leases		4.91			5.02
Automobile loans and leases		5.72			6.17
Home equity		6.01			4.88
Residential mortgage		5.36			5.37
Other loans		6.32			7.37
Total consumer		5.73			5.51
Total loans and leases		5.62			5.00
Total earning assets		5.37	%		4.83	%
Liabilities and Shareholders’ Equity
Deposits:
Demand deposits — non-interest bearing		—	%		—	%
Demand deposits — interest bearing		1.54			0.92
Savings and other domestic time deposits		1.30			1.32
Retail certificates of deposit		3.46			3.37
Total core deposits		1.85			1.49
Domestic time deposits of $100,000 or more		3.10			2.26
Brokered deposits and negotiable CDs		3.05			1.54
Deposits in foreign offices		1.69			0.74
Total deposits		2.13			1.51
Short-term borrowings		1.91			0.82
Federal Home Loan Bank advances		2.96			2.51
Subordinated notes and other long-term debt		3.64			2.28
Total interest bearing liabilities		2.42			1.68
Net interest rate spread		2.95			3.15
Impact of non-interest bearing funds on margin		0.39			0.17
Net interest margin		3.34	%		3.32	%

(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 Statements
(Unaudited)

	Six Months Ended June 30,						Change
(in thousands of dollars, except per share amounts)	2005			2004			Amount			Percent
Interest income	$	778,431		$	650,098		$	128,333			19.7	%
Interest expense		301,333			204,850			96,483			47.1
Net interest income		477,098			445,248			31,850			7.2
Provision for credit losses		32,769			30,623			2,146			7.0
Net interest income after provision for credit losses		444,329			414,625			29,704			7.2
Operating lease income		84,829			167,573			(82,744	)		(49.4	)
Service charges on deposit accounts		80,934			85,433			(4,499	)		(5.3	)
Trust services		37,309			33,031			4,278			13.0
Brokerage and insurance income		26,570			28,720			(2,150	)		(7.5	)
Bank owned life insurance income		20,243			21,794			(1,551	)		(7.1	)
Other service charges and fees		21,411			20,158			1,253			6.2
Mortgage banking income		9,685			19,026			(9,341	)		(49.1	)
Securities gains		614			5,860			(5,246	)		(89.5	)
Gain on sales of automobile loans		254			13,894			(13,640	)		(98.2	)
Other income		42,371			50,278			(7,907	)		(15.7	)
Total non-interest income		324,220			445,767			(121,547	)		(27.3	)
Personnel costs		248,071			241,339			6,732			2.8
Operating lease expense		66,827			133,273			(66,446	)		(49.9	)
Net occupancy		36,499			33,021			3,478			10.5
Outside data processing and other services		36,883			36,025			858			2.4
Equipment		31,500			32,314			(814	)		(2.5	)
Professional services		18,806			15,135			3,671			24.3
Marketing		13,895			15,908			(2,013	)		(12.7	)
Telecommunications		9,683			9,832			(149	)		(1.5	)
Printing and supplies		6,387			6,114			273			4.5
Amortization of intangibles		408			408			—			—
Other expense		37,454			44,438			(6,984	)		(15.7	)
Total non-interest expense		506,413			567,807			(61,394	)		(10.8	)
Income before income taxes		262,136			292,585			(30,449	)		(10.4	)
Provision for income taxes		59,192			78,285			(19,093	)		(24.4	)
Net income	$	202,944		$	214,300		$	(11,356	)		(5.3	)%
Average common shares - diluted		235,362			232,787			2,575			1.1	%
Per common share
Net income per common share - diluted	$	0.86		$	0.92		$	(0.06	)		(6.5	)%
Cash dividends declared		0.415			0.350			0.065			18.6
Return on average total assets		1.26	%		1.39	%		(0.13	)%		(9.4	)%
Return on average total shareholders’ equity		15.9			18.7			(2.8	)		(15.0	)
Net interest margin (1)		3.34			3.32			0.02			0.6
Efficiency ratio (2)		62.7			63.7			(1.0	)		(1.6	)
Effective tax rate		22.6			26.8			(4.20	)		(15.7	)
Revenue - fully taxable equivalent (FTE)
Net interest income	$	477,098		$	445,248		$	31,850			7.2	%
FTE adjustment (1)		5,822			5,942			(120	)		(2.0	)
Net interest income		482,920			451,190			31,730			7.0
Non-interest income		324,220			445,767			(121,547	)		(27.3	)
Total revenue	$	807,140		$	896,957		$	(89,817	)		(10.0	)%

N.M., not a meaningful value.

⁽¹⁾ On a fully taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽²⁾ Non-interest expense less amortization of intangibles divided by the sum of FTE net interest income and non-interest income excluding securities gains.

15

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

	Six Months Ended June 30,
(in thousands of dollars)	2005			2004
Allowance for loan and lease losses, beginning of period	$	271,211		$	299,732
Loan and lease losses		(62,946	)		(68,012	)
Recoveries of loans previously charged off		18,410			26,870
Net loan and lease losses		(44,536	)		(41,142	)
Provision for loan and lease losses		34,698			34,952
Economic reserve transfer		(6,253	)		—
Allowance of assets sold and securitized		(336	)		(6,607	)
Allowance for loan and lease losses, end of period	$	254,784		$	286,935
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	33,187		$	35,522
Provision for unfunded loan commitments and letters of credit losses		(1,929	)		(4,329	)
Economic reserve transfer		6,253			—
Allowance for unfunded loan commitments and letters of credit, end of period	$	37,511		$	31,193
Total allowances for credit losses	$	292,295		$	318,128

16

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

	Six Months Ended June 30,
(in thousands of dollars)	2005			2004
Net charge-offs by loan and lease type:
Commercial:
Middle market commercial and industrial	$	15,404		$	783
Construction		(185	)		1,780
Commercial		2,117			2,182
Middle market commercial real estate		1,932			3,962
Small business commercial and industrial
and commercial real estate		4,424			2,985
Total commercial		21,760			7,730
Consumer:
Automobile loans		4,880			19,026
Automobile leases		5,137			5,318
Automobile loans and leases		10,017			24,344
Home equity		9,028			5,469
Residential mortgage		869			618
Other loans		2,862			2,981
Total consumer		22,776			33,412
Total net charge-offs	$	44,536		$	41,142
Net charge-offs - annualized percentages:
Commercial:
Middle market commercial and industrial		0.64	%		0.03	%
Construction		(0.02	)		0.28
Commercial		0.22			0.23
Middle market commercial real estate		0.11			0.25
Small business commercial and industrial		—			—
and commercial real estate		0.40			0.30
Total commercial		0.41			0.16
Consumer:
Automobile loans		0.48			1.42
Automobile leases		0.42			0.52
Automobile loans and leases		0.44			1.02
Home equity		0.39			0.28
Residential mortgage		0.04			0.04
Other loans		1.18			1.39
Total consumer		0.34			0.56
Net charge-offs as a % of average loans		0.37	%		0.38	%

17

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

	Six Months Ended June 30,						2005 vs 2004
(in thousands of dollars)	2005			2004			Amount			Percent
Balance Sheet:
Average operating lease assets outstanding	$	468,688		$	1,071,386		$	(602,698	)		(56.3)	%
Income Statement:
Net rental income	$	78,116		$	155,919		$	(77,803	)		(49.9	)
Fees		3,630			8,381			(4,751	)		(56.7	)
Recoveries - early terminations		3,083			3,273			(190	)		(5.8	)
Total operating lease income		84,829			167,573			(82,744	)		(49.4	)
Depreciation and residual losses at termination		61,263			121,235			(59,972	)		(49.5	)
Losses - early terminations		5,564			12,038			(6,474	)		(53.8	)
Total operating lease expense		66,827			133,273			(66,446	)		(49.9	)
Net earnings contribution	$	18,002		$	34,300		$	(16,298	)		(47.5)	%
Earnings ratios (1)
Net rental income		33.3	%		29.1	%		4.2	%		14.4	%
Depreciation and residual losses at termination		26.1			22.6			3.5			15.5

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

⁽¹⁾ As a percent of average operating lease assets, quarterly and year-to-date amounts annualized.

18