8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 18, 2012

HUNTINGTON BANCSHARES INCORPORATED

(Exact name of registrant as specified in its charter)

Maryland	1-34073	31-0724920
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Huntington Center
41 South High Street
Columbus, Ohio	43287
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (614) 480-8300

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On October 18, 2012, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended September 30, 2012. Also on October 18, 2012, Huntington made a Quarterly Performance Discussion and Financial Review available on its web site, www.huntington-ir.com.

Huntington’s senior management will host an earnings conference call October 18, 2012, at 10:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at www.huntington-ir.com or through a dial-in telephone number at 877-684-3807, conference ID 29910390. Slides will be available at www.huntington-ir.com just prior to the call. A replay of the web cast will be archived in the Investor Relations section of Huntington’s web site at www.huntington.com. A telephone replay will be available two hours after the completion of the call through October 31, 2012, at (855) 859-2056 or (404) 537-3406; conference call ID 29910390.

The information contained or incorporated by reference in this Current Report on Form 8-K contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: (1) worsening of credit quality performance due to a number of factors such as the underlying value of collateral that could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected; (2) changes in economic conditions, including impacts from the implementation of the Budget Control Act of 2011 as well as the continuing economic uncertainty in the US, the European Union, and other areas; (3) movements in interest rates; (4) competitive pressures on product pricing and services; (5) success, impact, and timing of our business strategies, including market acceptance of any new products or services introduced to implement our “Fair Play” banking philosophy; (6) changes in accounting policies and principles and the accuracy of our assumptions and estimates used to prepare our financial statements; (7) extended disruption of vital infrastructure; (8) the final outcome of significant litigation; (9) the nature, extent, timing and results of governmental actions, examinations, reviews, reforms, and regulations including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act; and (10) the outcome of judicial and regulatory decisions regarding practices in the residential mortgage industry, including among other things the processes followed for foreclosing residential mortgages. Additional factors that could cause results to differ materially from those described above can be found in Huntington’s 2011 Annual Report on Form 10-K, and documents subsequently filed by Huntington with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement.

The information contained or incorporated by reference in Item 2.02 of this Form 8-K shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01. Financial Statements and Exhibits.

The exhibits referenced below shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

(d) Exhibits.

Exhibit 99.1    –    News release of Huntington Bancshares Incorporated, dated October 18, 2012.

Exhibit 99.2    –    Quarterly Performance Discussion, September 2012.

Exhibit 99.3    –    Quarterly Financial Review, September 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HUNTINGTON BANCSHARES INCORPORATED
Date: October 18, 2012	By:	/s/    Donald R. Kimble
		Donald R. Kimble          Senior Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	News release of Huntington Bancshares Incorporated, October 18, 2012.
Exhibit 99.2	Quarterly Performance Discussion, September 2012.
Exhibit 99.3	Quarterly Financial Review, September 2012.

EX-99.1

Exhibit 99.1

Date: October 18, 2012

FOR IMMEDIATE RELEASE –

Contact: Investors Todd Beekman
Todd.Beekman@Huntington.com (614) 480-3878 Mark Muth
Mark.Muth@Huntington.com (614) 480-4720 Media Maureen Brown
Maureen.Brown@Huntington.com
(614) 480-5512

HUNTINGTON BANCSHARES INCORPORATED

REPORTS RECORD NET INCOME OF $167.8 MILLION, OR $0.19 PER COMMON

SHARE, FOR THE 2012 THIRD QUARTER, UP 10% FROM THE PRIOR QUARTER AND

UP 17% FROM THE YEAR-AGO QUARTER

DECLARES QUARTERLY DIVIDEND ON COMMON STOCK OF $0.04 PER SHARE

Other specific highlights compared with 2012 Second Quarter:

• $8.1 million, or 5% annualized, increase in total revenue

• $7.2 million, or 3%, increase in noninterest income, including a $6.3 million increase in mortgage banking income

• 3.38% fully taxable equivalent net interest margin, down 4 basis points

• 3% annualized growth in end of period total loans

• 9% annualized growth in average core deposits

• $14.0 million, or 3%, increase in noninterest expense, including a $4.4 million increase in cost associated with early extinguishment of debt

• $19.5 million state deferred tax valuation allowance benefit

• $33.0 million of net charge-offs due to regulatory guidance related to Chapter 7 bankruptcy loans

• 6% decline in nonaccrual loans to 1.11% of total loans and leases, down from 1.19%

• 1.19% return on average assets, up from 1.10%

• $0.22, or 16% annualized, increase in tangible book value per common share to $5.71

• 3.7 million shares repurchased at an average price of $6.68 per share

COLUMBUS, Ohio – Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) reported 2012 third quarter net income of $167.8 million, up $15.1 million, or 10%, from $152.7 million in the prior quarter. Earnings per common share in the current quarter were $0.19, up $0.02 from the prior quarter. Net income in the year-ago quarter was $143.4 million, or $0.16 per common share.

Huntington today also announced that the board of directors declared a quarterly cash dividend on its common stock of $0.04 per common share. The dividend is payable January 2, 2013, to shareholders of record on December 18, 2012.

Summary Performance Discussion

“We are pleased with the quarter’s financial results which reflect steady growth in a number of key strategic areas including loans, deposits, and customer relationships. This demonstrates the continued benefits from successfully executing our strategic plan. This quarter was negatively impacted by an increase in healthcare and regulatory costs,” said Stephen D. Steinour, chairman, president and chief executive officer. “At the core of our strategic plan remains a differentiated approach to banking, coupled with investing in products and services that are driving growth and improvement in the stability of our long-term profitability.”

Net income in the third quarter was $167.8 million, up $15.1 million, or 10%, from $152.7 million in the prior quarter. The primary drivers of the increase were a $21.0 million, or 43%, decrease in provision for income taxes and a $7.2 million, or 3%, increase in noninterest income that were partially offset by a $14.0 million, or 3%, increase in noninterest expense. The decrease in provision for income taxes reflected the only significant item for the quarter, a $19.5 million state deferred tax valuation allowance benefit.

Net interest income increased $0.8 million, or less than 1%, from the prior quarter. This reflected a $0.3 billion, or 1% (2% annualized), increase in average earning assets and a 4 basis point decrease in the fully-taxable equivalent net interest margin (NIM) to 3.38%. The linked-quarter decrease in the NIM reflected the negative impact of a 10 basis point decline of the yield on earnings assets, 6 basis points of which were related to the yield on loans. This was partially offset by the benefit of a 6 basis point reduction in total funding costs. Average noninterest bearing deposits increased $0.3 billion, or 8% annualized, and represented 27% of total deposits.

The $0.3 billion increase in average earning assets was driven by the $1.4 billion increase in average loans held for sale and a $0.2 billon, 6% annualized, increase in average commercial and industrial loans (C&I). That was partially offset by the $0.9 billion decrease in average automobile loans, reflecting the prior quarter’s reclassification of $1.3 billion of automobile loans into held for sale, and a $0.4 billion decrease in commercial real estate loans.

Average total core deposits increased $1.0 billion, or 9% annualized, reflecting a $1.3 billion, or 40% annualized, increase in money market deposits and a $0.3 billion, or 9% annualized, increase in noninterest bearing demand deposits. These were partially offset by the $0.5 billion, or 29% annualized, decrease in core certificates of deposit (CDs) as customers were actively transitioned from CDs into more flexible money market accounts or other investment based solutions. Through our strategic focus on growing consumer households and commercial relationships by earning their primary checking (demand deposit) accounts, we continue to improve our overall funding mix. As previously disclosed, there remains over $1.0 billion of demand deposits from several larger relationships that are considered nonpermanent in nature.

Total noninterest income increased $7.2 million, or 3%, from the prior quarter. This included a $6.3 million, or 16%, increase in mortgage banking income and a $3.8 million increase in securities gains. Gain on sale of loans increased $2.5 million, or 60%, due to the sale of $0.2 billion of automobile loans that we classified as held for sale at the end of the prior quarter. These positive impacts were partially offset by a $4.4 million, or 16%, decrease in other income as the prior quarter included a gain on the sale of affordable housing investments.

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Commenting on revenue trends, Steinour said, “The third quarter results clearly showed the continued benefit of the investment we have made over the preceding three years. Adding over 250,000 consumer households, a 27% increase, and 26,000 commercial relationships, or 21% increase, since the first quarter of 2010 has allowed Huntington to grow quarterly total revenue by more than $59 million even with the negative impacts from the low absolute level of interest rates, the flat shape of the yield curve, and the reduction of over $25 million of revenue per quarter due to the Durbin amendment and implementation of changes to Regulation E. Not only are we gaining customers, we are selling deeper with 76% of consumer checking account households and 33% of commercial relationships now with 4 or more products or services. Strategic investments have a maximum of two years to break even with many reaching that level in the first year. A portion of our strategic investments remain in the early stages, such as our strategy to build over 180 in-store full service branches. The in-store branches are on target with the estimated aggregate impact to operating income negligible next year and positive in 2014.”

Noninterest expense increased $14.0 million, or 3%, from the prior quarter. This included a $4.7 million, or 2%, increase in personnel costs primarily reflecting higher healthcare costs and a $4.4 million increase in the cost associated with early extinguishment of debt including the trust preferred securities (TruPS) that were redeemed during the quarter. Noninterest expense included $4.5 million of expense related to the development of infrastructure and systems to support the Federal Reserve CCAR process.

The provision for credit losses increased $0.5 million, or 1%, from the prior quarter. This reflected a $20.9 million, or 25%, increase in net charge-offs (NCOs) to $105.1 million, or an annualized 1.05% of average total loans and leases, from $84.2 million, or an annualized 0.82%, in the prior quarter. Of this quarter’s NCOs, $33.0 million related to regulatory guidance requiring consumer loans discharged under Chapter 7 bankruptcy to be charged down to collateral value. Approximately 90% continue to make payments as scheduled. Partially offsetting the increase in NCOs were significant improvement in asset quality trends, resulting in lower calculated reserves. Criticized commercial loans declined by $223 million, or 11%, in the quarter, and specific reserves associated with impaired commercial loans also declined.

The period-end allowance for credit losses (ACL) as a percentage of total loans and leases decreased to 2.09% from 2.28% in the prior quarter. The ACL as a percentage of period end total nonaccrual loans (NALs) was essentially unchanged, decreasing 3 percentage points to 189%. NALs declined by $29.1 million, or 6%, to $445.0 million, or 1.11% of total loans, during the quarter despite a $63 million increase associated with the revised treatment of Chapter 7 bankruptcy consumer loans.

Capital, our Tier 1 common risk-based capital ratio at September 30, 2012, was 10.28%, up from 10.08% at June 30, 2012, and our tangible common equity ratio increased to 8.74% from 8.41% over this same period. The regulatory Tier 1 risk-based capital ratio at September 30, 2012, was 11.88%, down from 11.93%, at June 30, 2012. This decline reflected the capital actions taken throughout the quarter, which are discussed below.

Over the quarter, and consistent with planned capital actions, redemption of $150 million of trust preferred securities (TruPS) was announced and 3.7 million common shares were repurchased at an average price of $6.68 per share. The weighted average coupon of the remaining $300 million of TruPS is LIBOR + 1.02%. Commenting on capital, Steinour said, “Reinvesting excess capital to grow the business organically remains our first priority. Importantly, through dividends and share repurchases, we have the flexibility, subject to market conditions, to return a meaningful amount of our earnings to the owners of the company.”

3

Expectations

“We continue to see positive trends within our Midwest markets relative to the broader United States. Nevertheless, broad based customer sentiment began to change late in the quarter. Customers have increased concerns, in the near term, regarding the US economy as we approach the election and scheduled impacts of the Budget Control Act of 2011. We are optimistic that once permanent solutions are in place, the strength of the Midwest and the soundness of our strategy will continue to drive growth and improved profitability,” said Steinour.

For the next several quarters, average net interest income is expected to be relatively stable from the third quarter’s level as we anticipate an increase in total loans, excluding the impacts of any future loan securitizations. Those benefits to net interest income are expected to be mostly offset, however, by downward NIM pressure due to the anticipated competitive pressures on loan pricing, as well as lower rate securities through reinvestment, and declining positive impacts from deposit repricing. The C&I portfolio is expected to continue to show growth. Although, given the most recent trend, we are expecting near-term growth to be slower than the strong growth we experienced earlier this year. Our C&I sales pipeline remains robust with much of this reflecting the positive impact from our strategic initiatives, focused OCR sales process, and continued support of middle market and small business lending in the Midwest. We will continue to evaluate the use of automobile loan securitizations to limit total on-balance sheet exposure due to our expectation of continued strong levels of originations. On October 11, a $1.0 billion automobile loan securitization, with an approximate $17 million gain, was completed. Residential mortgages and home equity loan balances are expected to be relatively stable in response to the proposed capital rules recently released by our regulators. CRE loans likely will experience declines from current levels.

Excluding potential future automobile loan securitizations, we anticipate the increase in total loans will modestly outpace growth in total deposits. This reflects our continued focus on our overall cost of funds and the continued shift towards low- and no-cost demand deposits and money market deposit accounts.

Noninterest income, excluding the impact of any automobile loan sale or security gains and any net MSR impact, is expected to be relatively stable at current levels. Continued growth in new customers and increased contribution from higher cross-sell are expected to be offset by a slowdown in mortgage banking activity.

Noninterest expense is expected to modestly increase above the 2012 third quarter level. For the full year, we continue to anticipate positive operating leverage and modest improvement in our expense efficiency ratio. Additional regulatory costs and expenses associated with strategic actions, including the planned opening of over 80 in-store branches this year, are expected to be partially offset by our focus on improving expense efficiencies throughout the company.

Credit quality is expected to experience improvement. The level of provision for credit losses in the first three quarters of the year was at the low end of our long-term expectation, and we expect some quarterly volatility given the absolute low level of the provision for credit losses and the uncertain and uneven nature of the economic recovery.

We anticipate the effective tax rate for the 2012 fourth quarter to approximate 24% to 26%, which includes permanent tax benefits primarily related to tax-exempt income, tax-advantaged investments, and general business credits.

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Please see the 2012 Third Quarter Performance Discussion for an additional detailed review of this quarter’s performance. This document can be found at: http://www.investquest.com/iq/h/hban/ne/news/index.htm

Conference Call / Webcast Information

Huntington’s senior management will host an earnings conference call on Thursday, October 18, 2012, at 10:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at www.huntington-ir.com or through a dial-in telephone number at (877) 684-3807; Conference ID 29910390. Slides will be available at www.huntington-ir.com about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s web site, www.huntington.com. A telephone replay will be available two hours after the completion of the call through October 31, 2012 at (855) 859-2056; Conference ID 29910390.

Forward-looking Statement

This document contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: (1) worsening of credit quality performance due to a number of factors such as the underlying value of collateral that could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected; (2) changes in economic conditions, including impacts from the implementation of the Budget Control Act of 2011 as well as the continuing economic uncertainty in the US, the European Union, and other areas; (3) movements in interest rates; (4) competitive pressures on product pricing and services; (5) success, impact, and timing of our business strategies, including market acceptance of any new products or services introduced to implement our “Fair Play” banking philosophy; (6) changes in accounting policies and principles and the accuracy of our assumptions and estimates used to prepare our financial statements; (7) extended disruption of vital infrastructure; (8) the final outcome of significant litigation; (9) the nature, extent, timing and results of governmental actions, examinations, reviews, reforms, and regulations including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act; and (10) the outcome of judicial and regulatory decisions regarding practices in the residential mortgage industry, including among other things the processes followed for foreclosing residential mortgages. Additional factors that could cause results to differ materially from those described above can be found in Huntington’s 2011 Annual Report on Form 10-K, and documents subsequently filed by Huntington with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement.

Basis of Presentation

Use of Non-GAAP Financial Measures

This document may contain GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this document, the 2012 Third Quarter Performance Discussion and Quarterly Financial Review supplements to this document, the third quarter earnings conference call slides, or the Form 8-K related to this document, all of which can be found on Huntington’s website at www.huntington-ir.com.

Annualized data

Certain returns, yields, performance ratios, or quarterly growth rates are presented on an “annualized” basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full year or year-over-year amounts. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.

5

Fully-taxable equivalent interest income and net interest margin

Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.

Earnings per share equivalent data

Significant income or expense items may be expressed on a per common share basis. This is done for analytical and decision-making purposes to better discern underlying trends in total corporate earnings per share performance excluding the impact of such items. Investors may also find this information helpful in their evaluation of the company’s financial performance against published earnings per share mean estimate amounts, which typically exclude the impact of Significant Items. Earnings per share equivalents are usually calculated by applying a 35% effective tax rate to a pre-tax amount to derive an after-tax amount, which is divided by the average shares outstanding during the respective reporting period. Occasionally, when the item involves special tax treatment, the after-tax amount is disclosed separately, with this then being the amount used to calculate the earnings per share equivalent.

Rounding

Please note that columns of data in this document may not add due to rounding.

About Huntington

Huntington Bancshares Incorporated is a $56 billion regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 690 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,380 ATMs. Through automotive dealership relationships within its six-state banking franchise area and selected other Midwest and New England states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.

###

6

EX-99.2

Exhibit 99.2

HUNTINGTON BANCSHARES

2012 THIRD QUARTER PERFORMANCE DISCUSSION

Date: October 18, 2012

The following provides detailed earnings performance discussion that complements the summary review contained in Huntington Bancshares Incorporated’s (NASDAQ: HBAN) 2012 Third Quarter Earnings Press Release, which can be found at:

http://www.investquest.com/iq/h/hban/ne/news/

Table 1 – Earnings Performance Summary

	2012						2011
	Third		Second		First		Fourth		Third		Change %
(in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ			YOY
Net interest income	$	430.3	$	429.0	$	417.2	$	415.0	$	406.5		0	%		6	%
Provision for credit losses		37.0		36.5		34.4		45.3		43.6		1			(15	)
Noninterest income		261.1		253.8		285.3		229.4		258.6		3			1
Noninterest expense		458.3		444.3		462.7		430.3		439.1		3			4
Income before income taxes		196.1		202.0		205.4		168.8		182.3		(3	)		8
Provison for income taxes		28.3		49.3		52.2		42.0		38.9		(43	)		(27	)
Net income		167.8		152.7		153.3		126.9		143.4		10			17
Dividends on preferred shares		8.0		8.0		8.0		7.7		7.7		(0	)		4
Net income applicable to common shares	$	159.8	$	144.7	$	145.2	$	119.2	$	135.7		10	%		18	%
Net income per common share-diluted	$	0.19	$	0.17	$	0.17	$	0.14	$	0.16		12	%		19	%
Revenue—fully-taxable equivalent (FTE)
Net interest income	$	430.3	$	429.0	$	417.2	$	415.0	$	406.5		0	%		6	%
FTE adjustment		5.3		5.7		3.9		3.5		3.7		(9	)		44
Net interest income—FTE		435.6		434.7		421.1		418.5		410.1		0			6
Noninterest income		261.1		253.8		285.3		229.4		258.6		3			1
Total revenue—FTE	$	696.6	$	688.5	$	706.5	$	647.9	$	668.7		1	%		4	%

Significant Items Influencing Financial Performance Comparisons

From time-to-time, revenue, expenses, or taxes are impacted by items we judge to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that we believe their outsized impact at that time to be infrequent or short term in nature. We believe the disclosure of such “Significant Items”, when appropriate, aids analysts/investors in better understanding corporate performance trends. (See Significant Items under the Basis of Presentation for a full discussion.)

Table 2 highlights the Significant Items impacting reported results for the current quarter, as there were no significant items in the prior and year ago quarters:

Table 2 – Significant Items Influencing Earnings Performance Comparisons

Three Months Ended	Impact
(in millions, except per share)	Amount (1)		EPS (2)
September 30, 2012 – net income	$	167.8	$	0.19
• State deferred tax valuation allowance benefit		19.5		0.02
June 30, 2012 – net income	$	152.7	$	0.17
September 30, 2011 – net income	$	143.4	$	0.16

⁽¹⁾  Favorable (unfavorable) impact on net income; after-tax unless otherwise noted

⁽²⁾  After-tax; EPS reflected on a fully diluted basis

Net Interest Income, Net Interest Margin, and Average Balance Sheet

Fully-taxable equivalent net interest income increased $0.8 million, or less than 1%, from the 2012 second quarter. This reflected the benefit of a $0.3 billion, or 1% (2% annualized), increase in average earning assets partially offset by a 4 basis point decrease in the fully-taxable equivalent net interest margin (NIM) to 3.38%. The increase in average earnings assets reflected a $1.4 billion increase in average loans held for sale and a $0.2 billon, 6% annualized, increase in average commercial and industrial loans partially offset by the $0.9 billion decrease in average automobile loans, reflecting the prior quarter’s reclassification of $1.3 billion of automobile loans into held for sale, and a $0.4 billion decrease in commercial real estate loans. The primary items impacting the decrease in the NIM were:

• 6 basis point negative impact from the mix and yield of loans.

• 4 basis point negative impact from other earning assets and asset/liability management.

Partially offset by:

• 6 basis point positive impact from the reduction in total funding costs.

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Table 3 – Average Loans and Leases

	2012						2011
	Third		Second		First		Fourth		Third		Change %
(in billions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ			YOY
Average Loans and Leases
Commercial and industrial	$	16.3	$	16.1	$	14.8	$	14.2	$	13.7		2	%		20	%
Commercial real estate		5.7		6.1		5.9		6.0		6.1		(6	)		(6	)
Total commercial		22.1		22.2		20.7		20.2		19.8		(0	)		12
Automobile		4.1		5.0		4.6		5.6		6.2		(18	)		(35	)
Home equity		8.4		8.3		8.2		8.1		8.0		1			5
Residential mortgage		5.2		5.3		5.2		5.0		4.8		(1	)		8
Other consumer		0.4		0.5		0.5		0.5		0.5		(4	)		(15	)
Total consumer		18.1		19.0		18.5		19.3		19.5		(5	)		(8	)
Total loans and leases	$	40.1	$	41.2	$	39.1	$	39.5	$	39.3		(3	)%		2	%

Average total loans and leases decreased $1.1 billion, or 3% (10% annualized), from the 2012 second quarter, primarily reflecting:

• $0.9 billion, or 18% (74% annualized), decrease in average automobile loans. The decline reflected the reclassification of $1.3 billion of automobile loans to loans held for sale at the end of the prior quarter in anticipation of another securitization and sale in the second half of 2012. Automobile loan originations remained strong during the third quarter, exceeding $1.0 billion for the second consecutive quarter.

• $0.4 billion, or 6% (23% annualized), decrease in average Commercial Real Estate (CRE) loans. This reflected continued runoff of the noncore portfolio as well as a reduction in the core portfolio due to lower levels of new loan production.

Partially offset by:

• $0.2 billion, or 2% (6% annualized), growth in average total Commercial and Industrial (C&I) loans. This reflected the continued growth across multiple business lines including middle market and equipment finance, although there was a relative slowing of growth late in the quarter as customers expressed increased concerns, in the near term, around the US economy as we approach the election and scheduled impacts of the Budget Control Act of 2011.

Compared to the year ago quarter, growth in average loans primarily reflected $2.6 billion of C&I loan growth, and two strategic decisions: the resumption of securitization activity and the acquisition of Fidelity Bank.

3

Table 4 – Average Deposits

	2012						2011
	Third		Second		First		Fourth		Third		Change %
(in billions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ			YOY
Average Deposits
Demand deposits—noninterest bearing	$	12.3	$	12.1	$	11.3	$	10.7	$	8.7		2	%		41	%
Demand deposits—interest bearing		5.8		5.9		5.6		5.6		5.6		(2	)		4
Total demand deposits		18.1		18.0		16.9		16.3		14.3		1			27
Money market deposits		14.5		13.2		13.1		13.6		13.3		10			9
Savings and other domestic deposits		5.0		5.0		4.8		4.7		4.8		(0	)		5
Core certificates of deposit		6.1		6.6		6.5		6.8		7.6		(7	)		(19	)
Total core deposits		43.8		42.8		41.4		41.4		40.0		2			10
Other domestic deposits of $ 250,000 or more		0.3		0.3		0.3		0.4		0.4		1			(22	)
Brokered deposits and negotiable CDs		1.9		1.4		1.3		1.4		1.5		32			23
Other deposits		0.4		0.4		0.4		0.4		0.4		(0	)		(11	)
Total deposits	$	46.3	$	44.9	$	43.5	$	43.6	$	42.3		3	%		10	%

Average total core deposits increased $1.0 billion, or 2% (9% annualized), from the 2012 second quarter primarily reflecting:

• $1.3 billion, or 10% (40% annualized), increase in money market deposits.

• $0.3 billion, or 2% (9% annualized), increase in average noninterest bearing demand deposits.

Partially offset by:

• $0.5 billion, or 7% (29% annualized), decrease in average core certificates of deposit.

Compared to the year ago quarter, growth in average total core deposits primarily reflected $3.6 billion of noninterest bearing deposit growth, of which $0.1 billion related to the Fidelity Bank transaction.

Non-core funding sources displayed significant mix shift due to the decision to replace maturing Federal Home Loan Bank advances with brokered deposits, reflecting the following changes from the prior quarter:

• $0.5 billion, or 32%, increase in average brokered deposits and negotiable CDs.

• $0.5 billion, or 83%, decrease in Federal Home Loan Bank advances.

Provision for Credit Losses

The provision for credit losses increased $0.5 million, or 1%, from the prior quarter. Net charge-offs (NCO) were $105.1 million, up 25% from $84.2 million in the prior quarter. NCOs were an annualized 1.05% of average loans and leases in the current quarter, up from 0.82% in the 2012 second quarter. Of this quarter’s NCOs, $33.0 million, or an annualized 33 bp of average loans and leases, relate to Chapter 7 bankruptcy consumer loans. The period end allowance for credit losses (ACL) as a percentage of total loans and leases decreased to 2.09% from 2.28%, while the ACL as a percentage of period end total nonaccrual loans (NALs) decreased slightly to 189% from 192% (see Credit Quality discussion).

4

Noninterest Income

Table 5 – Noninterest Income

	2012							2011
	Third		Second		First			Fourth			Third			Change
(in millions)	Quarter		Quarter		Quarter			Quarter			Quarter			LQ			YOY
Noninterest Income
Service charges on deposit accounts	$	67.8	$	66.0	$	60.3		$	63.3		$	65.2			3	%		4	%
Trust services		29.7		29.9		30.9			28.8			29.5			(1	)		1
Electronic banking income		22.1		20.5		18.6			18.3			32.9			8			(33	)
Mortgage banking income		44.6		38.3		46.4			24.1			12.8			16			249
Brokerage income		16.5		19.0		19.3			18.7			20.3			(13	)		(19	)
Insurance income		17.8		17.4		18.9			17.9			17.2			2			3
Bank ow ned life insurance income		14.4		14.0		13.9			14.3			15.6			3			(8	)
Capital markets fees		11.8		13.5		10.0			9.8			11.3			(12	)		5
Gain on sale of loans		6.6		4.1		26.8			2.9			19.1			60			(65	)
Automobile operating lease income		2.1		2.9		3.8			4.7			5.9			(25	)		(64	)
Securities (losses) gains		4.2		0.4		(0.6	)		(3.9	)		(1.4	)		1091			NR
Other income		23.4		27.9		37.1			30.5			30.1			(16	)		(22	)
Total noninterest income	$	261.1	$	253.8	$	285.3		$	229.4		$	258.6			3	%		1	%

Noninterest income increased $7.2 million, or 3%, from the prior quarter primarily reflecting:

• $6.3 million, or 16%, increase in mortgage banking income. This primarily reflected a $10.7 million increase in origination and secondary marketing income and a $4.5 million decline in the net trading gains (losses) related to mortgage servicing rights (MSR) hedging.

• $3.8 million increase in securities gains. Agency debt and asset-backed securities were sold, and the proceeds were reinvested in the Held-to-Maturity (HTM) portfolio. At quarter end, $1.6 billion, or 17%, of the investment portfolio was in HTM.

• $2.5 million, or 60%, increase in gain on sale of loans, which included a $1.9 million gain on the sale of automobile loans.

Partially offset by:

• $4.4 million decrease in other income, as the prior quarter included a gain on the sale of affordable housing investments.

Noninterest income increased $2.5 million, or 1%, from the year ago quarter, primarily reflecting:

• $31.8 million, or 249%, increase in mortgage banking income. This primarily reflected a $25.2 million increase in origination and secondary marketing income. Also impacting the year-over-year comparison was a $4.1 million net MSR related loss in the current quarter compared to a net MSR related loss of $9.2 million in the year-ago quarter.

• $5.5 million increase in securities gains.

• $2.6 million, or 4%, increase in service charges on deposits, primarily reflecting continued strong customer growth.

5

Mostly offset by:

• $12.5 million, or 65%, decrease in gain on sale of loans, as the year ago quarter included a $15.5 million automobile loan securitization gain.

• $10.8 million, or 33%, decline in electronic banking income related to implementing the lower debit card interchange fee structure mandated in the Durbin Amendment of the “Dodd-Frank Act”.

• $6.7 million, or 22%, decrease in other income, primarily related to the reimbursement of third party costs in the year ago quarter.

• $3.8 million, or 19%, decline in brokerage income primarily related to reduced sales of market-linked CDs given lower market interest rates.

• $3.7 million, or 64%, decline in automobile operating lease income, reflecting the impact of a declining portfolio as a result of having exited that business in 2008.

Noninterest Expense

Table 6 – Noninterest Expense

	2012							2011
	Third		Second			First		Fourth			Third		Change %
(in millions)	Quarter		Quarter			Quarter		Quarter			Quarter		LQ			YOY
Noninterest Expense
Personnel costs	$	247.7	$	243.0		$	243.5	$	228.1		$	226.8		2	%		9	%
Outside data processing and other services		49.9		48.1			42.1		53.4			49.6		4			1
Net occupancy		27.6		25.5			29.1		26.8			27.0		8			2
Equipment		26.0		24.9			25.5		25.9			22.3		4			17
Deposit and other insurance expense		15.5		15.7			20.7		18.5			17.5		(1	)		(11	)
Marketing		20.2		21.4			16.8		16.4			22.3		(6	)		(9	)
Professional services		18.0		15.5			11.2		16.8			20.3		17			(11	)
Amortization of intangibles		11.4		11.9			11.5		13.2			13.4		(4	)		(15	)
Automobile operating lease expense		1.6		2.2			2.9		3.4			4.4		(26	)		(63	)
OREO and foreclosure expense		5.0		4.1			5.0		5.0			4.7		21			7
Loss (Gain) on early extinguishment of debt		1.8		(2.6	)		—		(9.7	)		—		(31	)		NR
Other expense		33.6		34.5			54.4		32.5			31.0		(3	)		8
Total noninterest expense	$	458.3	$	444.3		$	462.7	$	430.3		$	439.1		3	%		4	%
(in thousands)
Number of employees (full-time equivalent)		11.7		11.4			11.4		11.2			11.2		3	%		4	%

Noninterest expense increased $14.0 million, or 3%, from the prior quarter. This primarily reflected:

• $4.4 million, or 200%, increase in the costs associated with early extinguishment of debt including the trust preferred securities (TruPS) that were redeemed during the quarter.

• $4.7 million, or 2%, increase in personnel costs, primarily reflecting higher healthcare costs.

6

Noninterest expense included $4.5 million of expense related to the development of infrastructure and systems to support the Federal Reserve CCAR process.

Noninterest expense increased $19.2 million, or 4%, from the year ago quarter, primarily reflecting:

• $20.9 million, or 9%, increase in personnel costs reflecting an increase in the number of full-time equivalent employees as well as increased salaries and benefits.

• $3.7 million, or 17%, increase in equipment expense reflecting the implementation of strategic initiatives including the company’s in-store branch expansion.

Partially offset by:

• $2.8 million, or 63%, decline in automobile operating lease expense as the portfolio continued its planned runoff as we exited that business in 2008.

Income Taxes

The provision for income taxes in the 2012 third quarter was $28.3 million. This compared with a provision for income taxes of $49.3 million in the 2012 second quarter. The effective tax rates for the 2012 third and second quarter were 14.4% and 24.4%, respectively. At September 30, 2012, we had a net deferred tax asset of $201.5 million. Based on both positive and negative evidence and our level of forecasted future taxable income, there was no impairment to the deferred tax asset at September 30, 2012. As of September 30, 2012 and June 30, 2012, there was no disallowed deferred tax asset for regulatory capital purposes.

Credit Quality Performance Discussion

Credit quality performance in the 2012 third quarter reflected continued improvement. NALs declined 6% to $445.0 million, or 1.11% of total loans, compared to $474.2 million, or 1.19% of total loans, in the prior quarter. NALs increased due to $63 million of Chapter 7 bankruptcy consumer loans. Net charge-offs (NCOs) increased compared to the prior quarter solely as a result of the $33.0 million impact to charge-offs related to Chapter 7 bankruptcy consumer loans. NPAs declined $13.5 million, or 3%, compared to the prior quarter as the improvement in NALs was partially offset by an increase in commercial OREO.

7

Net Charge-Offs (NCOs)

Table 7 – Net Charge-Offs

	2012									2011
	Third			Second			First			Fourth			Third
(in millions)	Quarter			Quarter			Quarter			Quarter			Quarter
Net Charge-offs
Commercial and industrial	$	13.0		$	15.7		$	28.5		$	10.9		$	17.9
Commercial real estate		17.4			29.2			10.5			28.4			24.4
Total commercial		30.4			44.9			39.0			39.3			42.3
Automobile		4.0			0.4			3.1			4.2			3.9
Home equity		46.6			21.0			23.7			23.4			26.2
Residential mortgage		16.9			10.8			10.6			9.7			11.6
Other consumer		7.2			7.1			6.6			7.2			6.6
Total consumer		74.7			39.4			44.0			44.6			48.2
Total net charge-offs	$	105.1		$	84.2		$	83.0		$	83.9		$	90.6
Net Charge-offs—annualized percentages
Commercial and industrial		0.32	%		0.39	%		0.77	%		0.31	%		0.52	%
Commercial real estate		1.21			1.92			0.72			1.91			1.60
Total commercial		0.55			0.81			0.75			0.78			0.86
Automobile		0.40			0.04			0.27			0.30			0.25
Home equity		2.23			1.01			1.15			1.15			1.31
Residential mortgage		1.30			0.82			0.82			0.77			0.97
Other consumer		6.49			6.15			5.45			5.66			5.05
Total consumer		1.65			0.83			0.95			0.92			0.99
Total net charge-offs		1.05	%		0.82	%		0.85	%		0.85	%		0.92	%

Total NCOs for the 2012 third quarter were $105.1 million, or an annualized 1.05% of average total loans and leases. This was up $20.9 million, or 25%, from $84.2 million, or an annualized 0.82%, in the prior quarter. Of the current quarter’s NCOs, $33.0 million were related to Chapter 7 bankruptcy consumer loans.

Total C&I NCOs for the 2012 third quarter were $13.0 million, or an annualized 0.32%, down 17% from $15.7 million, or an annualized 0.39% of related loans, in the prior quarter.

Current quarter CRE net charge-offs were $17.4 million, or an annualized 1.21% of average CRE loans. This was down $11.8 million, or 40%, from $29.2 million, or an annualized 1.92%, in the prior quarter.

Automobile loan and lease net charge-offs were $4.0 million, or an annualized 0.40% of related average balances, up from $0.4 million, or an annualized 0.04%, in the prior quarter. Of the current quarter’s NCOs, $2.0 million were related to Chapter 7 bankruptcy consumer loans.

Residential mortgage net charge-offs in the third quarter were $16.9 million, up from $10.8 million in the prior quarter. On an annualized basis, residential mortgage net charge-offs represented 1.30% of related loans, up from 0.82% of related loans in the prior quarter. Of the current quarter’s NCOs, $8.0 million were related to Chapter 7 bankruptcy consumer loans.

Home equity net charge-offs were $46.6 million, or an annualized 2.23% of related average balances, up 121% from $21.0 million, or an annualized 1.01%, in the prior quarter. Of the current quarter’s NCOs, $23.1 million were related to Chapter 7 bankruptcy consumer loans.

8

Nonaccrual Loans (NALs) and Nonperforming Assets (NPAs)

Table 8 – Nonaccrual Loans and Nonperforming Assets

	2012									2011
(in millions)	Sep. 30			Jun. 30			Mar. 31			Dec. 31			Sep. 30
Nonaccrual loans and leases (NALs):														—
Commercial and industrial	$	109.5		$	133.7		$	142.5		$	201.8		$	209.6
Commercial real estate		149.0			219.4			205.1			229.9			257.1
Automobile		11.8			—			—			—			—
Residential mortgage		123.1			75.0			74.1			68.7			61.1
Home equity		51.7			46.0			45.8			40.7			37.2
Total nonaccrual loans and leases (NALs) (1)		445.0			474.2			467.6			541.1			565.0
Other real estate, net:								—			—			—
Residential (2)		23.6			21.5			31.9			20.3			18.6
Commercial		30.6			17.1			16.9			18.1			19.4
Total other real estate, net		54.2			38.6			48.7			38.4			38.0
Other NPAs (3)		10.5			10.5			10.8			10.8			11.0
Total nonperforming assets (NPAs) (2)	$	509.7		$	523.3		$	527.1		$	590.3		$	614.0
NAL ratio (4)		1.11	%		1.19	%		1.15	%		1.39	%		1.45	%
NPA ratio (5)		1.26			1.31			1.29			1.51			1.57

(1) All loans acquired as part of the FDIC-assisted Fidelity Bank acquisition accrue interest as performing loans or as purchased impaired loans in accordance with ASC 310-30; therefore, none of the acquired loans were reported nonaccrual on March 31, 2012, June 30, 2012, and September 30, 2012.

(2) Residential real estate owned acquired in the FDIC-assisted Fidelity Bank acquisition is reflected in the above table effective March 31, 2012.

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

(4) Total NALs as a % of total loans and leases.

(5) Total NPAs as a % of sum of loans and leases, impaired loans held for sale, and net other real estate

Total nonaccrual loans and leases (NALs) were $445.0 million at September 30, 2012 and represented 1.11% of total loans and leases. This was down $29.1 million, or 6%, from $474.2 million, or 1.19% of total loans and leases, at the end of the prior quarter. Total NALs included $63.0 million of Chapter 7 bankruptcy consumer loans.

C&I NALs decreased $24.2 million, or 18%, from the end of the prior quarter, with almost half of the decline associated with loans returned to accrual status, reflecting a continuation of successful workout strategies.

CRE NALs decreased $70.4 million, or 32%, from the end of the prior quarter, reflecting continued improvement in the underlying asset quality of the portfolio.

Automobile NALs increased from zero at the end of the prior quarter to $11.8 million, solely reflecting the Chapter 7 bankruptcy consumer loans.

Residential mortgage NALs increased $48.1 million, or 64%, from the end of the prior quarter, reflecting $46.3 million of Chapter 7 bankruptcy consumer loans.

Home equity NALs increased $5.6 million, or 12%, from the end of the prior quarter, reflecting $4.9 million of Chapter 7 bankruptcy consumer loans.

Total other real estate owned increased $15.6 million, or 40%, primarily reflecting the inclusion of one commercial property.

Nonperforming assets (NPAs), which include NALs, were $509.7 million at September 30, 2012 and represented 1.26% of related assets. This was a $13.5 million, or 3%, decrease from $523.3 million, or 1.31% of related assets, at the end of the prior quarter. NPAs included $63.0 million of Chapter 7 bankruptcy consumer loans.

9

Table 9 – Accruing Loans 90 Days Past Due and Troubled Debt Restructured Loans

	2012									2011
(in millions)	Sep. 30			Jun. 30			Mar. 31			Dec. 31			Sep. 30
Accruing loans and leases past due 90 days or more:
Total excluding loans guaranteed by the U.S. Government	$	108.2		$	95.6		$	60.6		$	73.6		$	61.0
Loans guaranteed by the U.S. Government		87.5			85.7			94.6			96.7			84.4
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S.	$	195.7		$	181.2		$	155.1		$	170.4		$	145.4
Ratios (1)
Excluding loans guaranteed by the U.S. government		0.27	%		0.24	%		0.15	%		0.19	%		0.16
Guaranteed by U.S. government		0.22			0.21			0.23			0.25			0.21
Including loans guaranteed by the U.S. government		0.49			0.45			0.38			0.44			0.37
Accruing troubled debt restructured loans:
Commercial and industrial	$	55.8		$	57.0		$	53.8		$	54.0		$	77.5
Commercial real estate		222.2			202.2			231.9			250.0			244.1
Automobile		33.7			34.5			35.5			36.6			37.4
Home equity		92.8			67.0			59.3			52.2			47.7
Residential mortgage		280.9			299.0			294.8			309.7			304.4
Other Consumer		2.6			3.0			4.2			6.1			4.5
Total accruing troubled debt restructured loans	$	688.0		$	662.7		$	679.6		$	708.6		$	715.6
Nonaccruing troubled debt restructured loans:
Commercial and industrial		28.9			35.5			26.9			48.6			27.4
Commercial real estate		20.3			55.0			39.6			22.0			46.9
Automobile		11.8			—			—			—			—
Home equity		7.8			0.4			0.3			0.4			0.2
Residential mortgages		83.2			28.3			29.5			26.1			20.9
Other Consumer		0.1			0.1			0.1			0.1			0.1
Total nonaccruing troubled debt restructured loans		152.0			119.4			96.5			97.1			95.4
Total troubled debt restructured loans	$	840.0		$	782.0		$	776.1		$	805.7		$	811.0

⁽¹⁾ Percent of related loans and leases

Total accruing loans and leases over 90 days past due, excluding loans guaranteed by the U.S. Government, were $108.2 million at September 30, 2012, up $12.7 million, or 13%, from the end of the prior quarter, and up $47.2 million, or 77%, from the end of the year-ago period. On this same basis, the over 90-day delinquency ratio was 0.27% at September 30, 2012, up 3 basis points from the end of the prior quarter and up 11 basis points from the end of the year-ago quarter.

Total troubled debt restructured loans were $840.0 million at September 30, 2012, up $57.9 million, or 7%, from June 30, 2012 and included $71.0 million of Chapter 7 bankruptcy consumer loans. Huntington continues to be proactive in the identification and treatment of troubled debts in both the commercial and retail portfolios.

Allowance for Credit Losses

We maintain two reserves, both of which are available to absorb inherent credit losses: the allowance for loan and lease losses (ALLL) and the allowance for unfunded loan commitments and letters of credit (AULC). When summed together, these reserves constitute the total ACL.

10

Table 10 – Allowance for Credit Losses

	2012									2011
(in millions)	Sep. 30			Jun. 30			Mar. 31,			Dec. 31			Sep. 30
Allow ance for loan and lease losses (ALLL)	$	789.1		$	859.6		$	913.1		$	964.8		$	1,019.7
Allow ance for unfunded loan commitments and letters of credit		53.6			51.0			50.9			48.5			38.8
Allowance for credit losses (ACL)	$	842.7		$	910.6		$	964.0		$	1,013.3		$	1,058.5
ALLL as a % of:
Total loans and leases		1.96	%		2.15	%		2.24	%		2.48	%		2.61	%
Nonaccrual loans and leases (NALs)		177			181			195			178			180
Nonperforming assets (NPAs)		155			164			173			163			166
ACL as a % of:
Total loans and leases		2.09	%		2.28	%		2.37	%		2.60	%		2.71	%
Nonaccrual loans and leases (NALs)		189			192			206			187			187
Nonperforming assets (NPAs)		165			174			183			172			172

At September 30, 2012, the ALLL was $789.1 million, down $70.5 million, or 8%, from $859.6 million at the end of the prior quarter. Expressed as a percent of period-end loans and leases, the ALLL ratio at September 30, 2012, was 1.96%, down from 2.15% at June 30, 2012. The ALLL as a percent of NALs decreased to 177% at September 30, 2012, from 181% at June 30, 2012.

At September 30, 2012, the AULC was $53.6 million, up $2.6 million, or 5%, from the end of the prior quarter.

On a combined basis, the ACL as a percent of total loans and leases at September 30, 2012, was 2.09%, down from 2.28% at the end of the prior quarter. The ACL at the end of the 2012 third quarter as a percent of NALs decreased to 189% from 192% at the end of the prior quarter.

Capital

Table 11 – Capital Ratios

	2012									2011
(in millions)	Sep. 30			Jun. 30			Mar. 31			Dec. 31,			Sep. 30
Tangible common equity / tangible assets ratio		8.74	%		8.41	%		8.33	%		8.30	%		8.22	%
Tier 1 common risk-based capital ratio		10.28	%		10.08	%		10.15	%		10.00	%		10.17	%
Regulatory Tier 1 risk-based capital ratio		11.88	%		11.93	%		12.22	%		12.11	%		12.37	%
Excess over 6.0% (1)	$	2,831		$	2,840		$	2,906		$	2,804		$	2,827
Regulatory Total risk-based capital ratio		14.36	%		14.42	%		14.76	%		14.77	%		15.11	%
Excess over 10.0% (1)	$	2,100		$	2,117		$	2,224		$	2,189		$	2,268
Total risk-w eighted assets	$	48,154		$	47,890		$	46,716		$	45,891		$	44,376

(1) “Well-capitalized” regulatory threshold

The tangible common equity to tangible asset ratio at September 30, 2012 was 8.74%, up 33 basis points from the prior quarter. Our Tier 1 common risk-based capital ratio at quarter end was 10.28%, up from 10.08% at the end of the prior quarter. The regulatory Tier 1 risk-based capital ratio at September 30, 2012 was 11.88%, down from 11.93%, at June 30, 2012. This decline primarily reflected the redemption of $114.3 million in trust preferred securities and the repurchasing of 3.7 million shares.

11

Forward-looking Statement

This document contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties. Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: (1) worsening of credit quality performance due to a number of factors such as the underlying value of collateral that could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected; (2) changes in economic conditions, including impacts from the implementation of the Budget Control Act of 2011 as well as the continuing economic uncertainty in the US, the European Union, and other areas; (3) movements in interest rates; (4) competitive pressures on product pricing and services; (5) success, impact, and timing of our business strategies, including market acceptance of any new products or services introduced to implement our “Fair Play” banking philosophy; (6) changes in accounting policies and principles and the accuracy of our assumptions and estimates used to prepare our financial statements; (7) extended disruption of vital infrastructure; (8) the final outcome of significant litigation; (9) the nature, extent, timing and results of governmental actions, examinations, reviews, reforms, and regulations including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act; and (10) the outcome of judicial and regulatory decisions regarding practices in the residential mortgage industry, including among other things the processes followed for foreclosing residential mortgages. Additional factors that could cause results to differ materially from those described above can be found in Huntington’s 2011 Annual Report on Form 10-K, and documents subsequently filed by Huntington with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement.

Basis of Presentation

Use of Non-GAAP Financial Measures

This document may contain GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this third quarter earnings conference call slides, or the Form 8-K related to this document, all of which can be found on Huntington’s website at www.huntington-ir.com.

Significant Items

From time to time, revenue, expenses, or taxes are impacted by items judged by Management to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by Management at that time to be infrequent or short term in nature. We refer to such items as “Significant Items”. Most often, these Significant Items result from factors originating outside the company – e.g., regulatory actions/assessments, windfall gains, changes in accounting principles, one-time tax assessments/refunds, litigation actions, etc. In other cases they may result from Management decisions associated with significant corporate actions out of the ordinary course of business – e.g., merger/restructuring charges, recapitalization actions, goodwill impairment, etc.

Even though certain revenue and expense items are naturally subject to more volatility than others due to changes in market and economic environment conditions, as a general rule volatility alone does not define a Significant Item. For example, changes in the provision for credit losses, gains/losses from investment activities, asset valuation write-downs, etc., reflect ordinary banking activities and are, therefore, typically excluded from consideration as a Significant Item.

Management believes the disclosure of “Significant Items”, when appropriate, aids analysts/investors in better understanding corporate performance and trends so that they can ascertain which of such items, if any, they may wish to include/exclude from their analysis of the company’s performance—i.e., within the context of determining how that performance differed from their expectations, as well as how, if at all, to adjust their estimates of future performance accordingly. To this end, Management has adopted a practice of listing “Significant Items” in its external disclosure documents (e.g., earnings press releases, quarterly performance discussions, investor presentations, Forms 10-Q and 10-K).

“Significant Items” for any particular period are not intended to be a complete list of items that may materially impact current or future period performance. A number of items could materially impact these periods, including those described in Huntington’s 2011 Annual Report on Form 10-K and other factors described from time to time in Huntington’s other filings with the Securities and Exchange Commission.

12

Annualized data

Certain returns, yields, performance ratios, or quarterly growth rates are presented on an “annualized” basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full year or year-over-year amounts. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.

Fully-taxable equivalent interest income and net interest margin

Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.

Earnings per share equivalent data

Significant income or expense items may be expressed on a per common share basis. This is done for analytical and decision-making purposes to better discern underlying trends in total corporate earnings per share performance excluding the impact of such items. Investors may also find this information helpful in their evaluation of the company’s financial performance against published earnings per share mean estimate amounts, which typically exclude the impact of Significant Items. Earnings per share equivalents are usually calculated by applying a 35% effective tax rate to a pre-tax amount to derive an after-tax amount, which is divided by the average shares outstanding during the respective reporting period. Occasionally, when the item involves special tax treatment, the after-tax amount is disclosed separately, with this then being the amount used to calculate the earnings per share equivalent.

Rounding

Please note that columns of data in this document may not add due to rounding.

###

13

EX-99.3

Exhibit 99.3

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Review

September 2012

Table of Contents

Quarterly Key Statistics	1
Year To Date 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 Year To Date Average Balance Sheets	18
Consolidated Year To Date Net Interest Margin Analysis	19 - 20
Selected Year To Date Income Statement Data	21 - 22
Year To Date Mortgage Banking Income	23
Year To Date Credit Reserves Analysis	24
Year To Date Net Charge-Off Analysis	25
Year To Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	26
Year To Date 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)

	2012						2011			Percent Changes vs.
(dollar amounts in thousands, except per share amounts)	Third			Second			Third			2Q12			3Q11
Net interest income	$	430,298		$	428,962		$	406,478			—	%		6	%
Provision for credit losses		37,004			36,520			43,586			1			(15	)
Noninterest income		261,067			253,819			258,559			3			1
Noninterest expense		458,303			444,269			439,118			3			4
Income before income taxes		196,058			201,992			182,333			(3	)		8
Provision for income taxes		28,291			49,286			38,942			(43	)		(27	)
Net income	$	167,767		$	152,706		$	143,391			10	%		17	%
Dividends on preferred shares		7,983			7,984			7,703			—			4
Net income applicable to common shares	$	159,784		$	144,722		$	135,688			10	%		18	%
Net income per common share - diluted	$	0.19		$	0.17		$	0.16			12	%		19	%
Cash dividends declared per common share		0.04			0.04			0.04			—			—
Book value per common share at end of period		6.34			6.13			5.83			3			9
Tangible book value per common share at end of period		5.71			5.49			5.17			4			10
Average common shares - basic		857,871			862,261			863,911			(1	)		(1	)
Average common shares - diluted		863,588			867,551			867,633			—			—
Return on average assets		1.19	%		1.10	%		1.05	%
Return on average common shareholders’ equity		11.9			11.1			10.8
Return on average tangible common shareholders’ equity(2)		13.9			13.1			13.0
Net interest margin(3)		3.38			3.42			3.34
Efficiency ratio(4)		64.5			62.8			63.5
Effective tax rate		14.4			24.4			21.4
Average loans and leases	$	40,119,938		$	41,178,520		$	39,297,235			(3	)		2
Average loans and leases - linked quarter annualized growth rate		(10.3	)%		20.8	%		7.9	%
Average earning assets	$	51,330,241		$	51,050,479		$	48,777,430			1			5
Average total assets		56,138,175			55,837,396			54,192,913			1			4
Average core deposits(5)		43,763,695			42,780,749			39,957,440			2			10
Average core deposits - linked quarter annualized growth rate		9.2	%		13.5	%		8.7	%
Average shareholders’ equity	$	5,730,951		$	5,617,615		$	5,332,493			2			7
Total assets at end of period		56,443,000			56,622,959			54,978,707			—			3
Total shareholders’ equity at end of period		5,807,604			5,649,231			5,400,479			3			8
Net charge-offs (NCOs)		105,095			84,245			90,555			25			16
NCOs as a % of average loans and leases		1.05	%		0.82	%		0.92	%
Nonaccrual loans and leases (NALs)	$	445,046		$	474,166		$	565,003			(6	)		(21	)
NAL ratio		1.11	%		1.19	%		1.45	%
Nonperforming assets (NPAs)(6)	$	509,728		$	523,250		$	613,981			(3	)		(17	)
NPA ratio(6)		1.26	%		1.31	%		1.57	%
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period		1.96			2.15			2.61
ALLL plus allowance for unfunded loan commitments and letters of credit (ACL) as a % of total loans and leases at the end of period		2.09			2.28			2.71
ACL as a % of NALs		189			192			187
ACL as a % of NPAs		165			174			172
Tier 1 leverage ratio(7)		10.29			10.34			10.24
Tier 1 common risk-based capital ratio(7)		10.28			10.08			10.17
Tier 1 risk-based capital ratio(7)		11.88			11.93			12.37
Total risk-based capital ratio(7)		14.36			14.42			15.11
Tangible common equity / risk-weighted assets ratio(7)		10.14			9.85			10.08
Tangible equity / tangible assets ratio(8)		9.43			9.10			8.88
Tangible common equity / tangible assets ratio(9)		8.74			8.41			8.22

See Notes to the Year to Date and Quarterly Key Statistics.

1

HUNTINGTON BANCSHARES INCORPORATED

Year to Date Key Statistics⁽¹⁾

(Unaudited)

	Nine Months Ended September 30,						Change
(dollar amounts in thousands, except per share amounts)	2012			2011			Amount			Percent
Net interest income	$	1,276,469		$	1,214,145		$	62,324			5	%
Provision for credit losses		107,930			128,768			(20,838	)		(16	)
Noninterest income		800,206			751,271			48,935			7
Noninterest expense		1,365,248			1,298,226			67,022			5
Income before income taxes		603,497			538,422			65,075			12
Provision for income taxes		129,754			122,667			7,087			6
Net Income	$	473,743		$	415,755		$	57,988			14	%
Dividends on preferred shares		24,016			23,110			906			4
Net income applicable to common shares	$	449,727		$	392,645		$	57,082			15	%
Net income per common share - diluted	$	0.52		$	0.45		$	0.07			16	%
Cash dividends declared per common share		0.12			0.06			0.06			100
Average common shares - basic		861,543			863,542			(1,999	)		—
Average common shares - diluted		866,768			867,446			(678	)		—
Return on average assets		1.14	%		1.04	%
Return on average common shareholders’ equity		11.5			10.9
Return on average tangible common shareholders’ equity(2)		13.5			13.2
Net interest margin(3)		3.40			3.39
Efficiency ratio(4)		63.7			63.6
Effective tax rate		21.5			22.8
Average loans and leases	$	40,147,614		$	38,647,550		$	1,500,063			4
Average earning assets		50,717,991			48,381,447			2,336,544			5
Average total assets		55,546,026			53,446,679			2,099,348			4
Average core deposits(5)		42,647,918			39,448,587			3,199,331			8
Average shareholders’ equity		5,614,026			5,167,607			446,420			9
Net charge-offs (NCOs)		272,332			353,172			(80,840	)		(23	)
NCOs as a % of average loans and leases		0.90	%		1.22	%

See Notes to the Year to Date and Quarterly Key Statistics.

2

Notes to the Year to Date and Quarterly Key Statistics

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

⁽²⁾  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.

⁽³⁾  On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾  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).

⁽⁵⁾  Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.

⁽⁶⁾  NPAs include residential real estate owned acquired as part of the FDIC-assisted Fidelity Bank acquisition.

⁽⁷⁾  September 30, 2012, 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

										Change
	2012			2011						September ‘12 vs ‘11
(dollar amounts in thousands, except number of shares)	September 30,			December 31,			September 30,			Amount			Percent
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	797,601		$	1,115,968		$	2,190,276		$	(1,392,675	)		(64	)%
Interest-bearing deposits in banks		65,635			90,943			105,454			(39,819	)		(38	)
Trading account securities		91,970			45,899			85,711			6,259			7
Loans held for sale		1,852,919			1,618,391			334,606			1,518,313			454
Available-for-sale and other securities		7,778,568			8,078,014			8,713,530			(934,962	)		(11	)
Held-to-maturity securities		1,582,150			640,551			658,250			923,900			140
Loans and leases(1)		40,260,417			38,923,783			39,011,894			1,248,523			3
Allowance for loan and lease losses		(789,142	)		(964,828	)		(1,019,710	)		230,568			(23	)
Net loans and leases		39,471,275			37,958,955			37,992,184			1,479,091			4
Bank owned life insurance		1,586,902			1,549,783			1,537,923			48,979			3
Premises and equipment		590,750			564,429			543,324			47,426			9
Goodwill		444,268			444,268			444,268			—			—
Other intangible assets		143,804			175,302			188,477			(44,673	)		(24	)
Accrued income and other assets		2,037,158			2,168,149			2,184,704			(147,546	)		(7	)
Total assets	$	56,443,000		$	54,450,652		$	54,978,707		$	1,464,293			3	%
Liabilities and shareholders’ equity
Liabilities
Deposits(2)	$	46,741,286		$	43,279,625		$	43,219,727		$	3,521,559			8	%
Short-term borrowings		1,259,771			1,441,092			2,224,986			(965,215	)		(43	)
Federal Home Loan Bank advances		9,406			362,972			14,157			(4,751	)		(34	)
Other long-term debt		185,613			1,231,517			1,421,518			(1,235,905	)		(87	)
Subordinated notes		1,306,273			1,503,368			1,537,293			(231,020	)		(15	)
Accrued expenses and other liabilities		1,133,047			1,213,978			1,160,547			(27,500	)		(2	)
Total liabilities		50,635,396			49,032,552			49,578,228			1,057,168			2
Shareholder’s equity
Preferred stock - authorized 6,617,808 shares- 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			—			—
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			—			23,785			100
Common stock - Par value of $0.01		8,567			8,656			8,652			(85	)		(1	)
Capital surplus		7,551,509			7,596,809			7,594,090			(42,581	)		(1	)
Less treasury shares, at cost		(10,817	)		(10,255	)		(10,161	)		(656	)		6
Accumulated other comprehensive loss		(84,542	)		(173,763	)		(80,404	)
Retained earnings		(2,043,405	)		(2,389,639	)		(2,474,205	)		430,800			(17	)
Total shareholders’ equity		5,807,604			5,418,100			5,400,479			407,125			8
Total liabilities and shareholders’ equity	$	56,443,000		$	54,450,652		$	54,978,707		$	1,464,293			3	%
Common shares authorized (par value of $0.01)		1,500,000,000			1,500,000,000			1,500,000,000
Common shares issued		856,748,584			865,584,517			865,204,511
Common shares outstanding		855,485,376			864,406,152			864,074,883
Treasury shares outstanding		1,263,208			1,178,365			1,129,628
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		398,007			398,007			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

	2012												2011
(dollar amounts in millions)	September 30,				June 30,				March 31,				December 31,				September 30,
	(Unaudited)				(Unaudited)				(Unaudited)								(Unaudited)
Ending Balances by Type:
Commercial:(1)
Commercial and industrial	$	16,478	41	%	$	16,322	41	%	$	15,838	39	%	$	14,699	38	%	$	13,939	36	%
Commercial real estate:
Construction		541	1			591	1			597	1			580	1			520	1
Commercial		4,956	12			5,317	13			5,443	13			5,246	13			5,414	14
Commercial real estate		5,497	13			5,908	14			6,040	14			5,826	14			5,934	15
Total commercial		21,975	54			22,230	55			21,878	53			20,525	52			19,873	51
Consumer:
Automobile		4,276	11			3,808	10			4,787	12			4,458	11			5,558	14
Home equity		8,381	21			8,344	21			8,261	20			8,215	21			8,079	21
Residential mortgage		5,192	13			5,123	13			5,284	13			5,228	13			4,986	13
Other consumer		436	1			454	1			469	2			498	3			516	1
Total consumer		18,285	46			17,729	45			18,801	47			18,399	48			19,139	49
Total loans and leases	$	40,260	100	%	$	39,959	100	%	$	40,679	100	%	$	38,924	100	%	$	39,012	100	%
Ending Balances by Business Segment:
Retail and Business Banking	$	12,656	31	%	$	12,714	32	%	$	12,432	31	%	$	12,361	32	%	$	12,183	31	%
Regional and Commercial Banking		10,463	26			10,420	26			9,936	24			9,134	23			8,723	22
AFCRE		11,019	27			10,892	27			11,698	29			11,375	29			12,318	32
WGH		6,053	16			5,904	15			5,968	14			5,952	16			5,713	15
Treasury / Other		69	—			29	—			645	2			102	—			75	—
Total loans and leases	$	40,260	100	%	$	39,959	100	%	$	40,679	100	%	$	38,924	100	%	$	39,012	100	%
	2012												2011
	Third				Second				First				Fourth				Third
Average Balances by Business Segment:
Retail and Business Banking	$	12,703	32	%	$	12,977	32	%	$	12,420	32	%	$	12,302	31	%	$	12,126	31	%
Regional and Commercial Banking		10,427	26			10,229	25			9,250	24			8,902	23			8,495	22
AFCRE		10,949	27			11,891	29			11,468	29			12,496	32			13,101	33
WGH		5,993	15			6,007	14			5,920	15			5,731	14			5,522	14
Treasury / Other		48	—			75	—			87	—			87	—			53	—
Total loans and leases	$	40,120	100	%	$	41,179	100	%	$	39,145	100	%	$	39,518	100	%	$	39,297	100	%

⁽¹⁾  As defined by regulatory guidance, there were no commercial loans outstanding that would be considered a concentration of lending to a particular industry or group of industries.

5

Huntington Bancshares Incorporated

Deposits Composition

	2012												2011
(dollar amounts in millions)	September 30,				June 30,				March 31,				December 31,				September 30,
	(Unaudited)				(Unaudited)				(Unaudited)								(Unaudited)
Ending Balances by Type:
Demand deposits - noninterest-bearing	$	12,680	27	%	$	12,324	27	%	$	11,797	26	%	$	11,158	26	%	$	9,502	22	%
Demand deposits - interest-bearing		5,909	13			6,060	13			6,126	14			5,722	13			5,763	13
Money market deposits		14,926	32			13,756	30			13,169	29			13,117	30			13,759	32
Savings and other domestic deposits		4,949	11			4,961	11			4,954	11			4,698	11			4,711	11
Core certificates of deposit		5,817	12			6,508	14			6,920	15			6,513	15			7,084	16
Total core deposits		44,281	95			43,609	95			42,966	95			41,208	95			40,819	94
Other domestic deposits of $250,000 or more		352	1			260	1			325	1			390	1			421	1
Brokered deposits and negotiable CDs		1,795	4			1,888	4			1,276	3			1,321	3			1,535	4
Deposits in foreign offices		313	—			319	—			442	1			361	1			445	1
Total deposits	$	46,741	100	%	$	46,076	100	%	$	45,009	100	%	$	43,280	100	%	$	43,220	100	%
Total core deposits:
Commercial	$	19,207	43	%	$	18,324	42	%	$	17,101	40	%	$	16,366	40	%	$	15,526	38	%
Consumer		25,074	57			25,285	58			25,865	60			24,842	60			25,293	62
Total core deposits	$	44,281	100	%	$	43,609	100	%	$	42,966	100	%	$	41,208	100	%	$	40,819	100	%
Ending Balances by Business Segment:
Retail and Business Banking	$	28,220	60	%	$	28,348	62	%	$	27,935	62	%	$	27,536	64	%	$	28,095	65	%
Regional and Commercial Banking		6,205	13			5,333	12			4,748	11			4,683	11			4,173	10
AFCRE		922	2			907	2			914	2			881	2			817	2
WGH		9,816	22			9,782	20			9,632	21			9,115	21			9,013	21
Treasury / Other(1)		1,578	3			1,706	4			1,780	4			1,065	2			1,122	2
Total deposits	$	46,741	100	%	$	46,076	100	%	$	45,009	100	%	$	43,280	100	%	$	43,220	100	%
	2012												2011
	Third				Second				First				Fourth				Third
Average Balances by Business Segment:
Retail and Business Banking	$	28,248	61	%	$	28,260	63	%	$	27,452	63	%	$	27,835	64	%	$	28,290	67	%
Regional and Commercial Banking		5,715	12			4,762	11			4,680	11			4,467	10			3,902	9
AFCRE		942	2			855	2			811	2			802	2			796	2
WGH		9,735	21			9,783	21			9,450	22			9,406	21			8,243	20
Treasury / Other(1)		1,658	4			1,197	3			1,072	2			1,093	3			1,047	2
Total deposits	$	46,298	100	%	$	44,857	100	%	$	43,465	100	%	$	43,603	100	%	$	42,278	100	%

⁽¹⁾  Comprised primarily of national market deposits.

6

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

	Average Balances															Change 3Q12 vs 3Q11
	2012									2011
(dollar amounts in millions)	Third			Second			First			Fourth			Third			Amount			Percent
Assets
Interest-bearing deposits in banks	$	82		$	124		$	100		$	107		$	164		$	(82	)		(50	)%
Trading account securities		66			54			50			81			92			(26	)		(28	)
Loans held for sale		1,829			410			1,265			316			237			1,592			672
Available-for-sale and other securities:
Taxable		8,014			8,285			8,171			8,065			7,902			112			1
Tax-exempt		423			387			404			409			421			2			—
Total available-for-sale and other securities		8,437			8,672			8,575			8,474			8,323			114			1
Held-to-maturity securities - taxable		796			611			632			650			665			131			20
Loans and leases:(1)
Commercial:
Commercial and industrial		16,343			16,094			14,824			14,219			13,664			2,679			20
Commercial real estate:
Construction		569			584			598			533			670			(101	)		(15	)
Commercial		5,153			5,491			5,254			5,425			5,441			(288	)		(5	)
Commercial real estate		5,722			6,075			5,852			5,958			6,111			(389	)		(6	)
Total commercial		22,065			22,169			20,676			20,177			19,775			2,290			12
Consumer:
Automobile		4,065			4,985			4,576			5,639			6,211			(2,146	)		(35	)
Home equity		8,369			8,310			8,234			8,149			8,002			367			5
Residential mortgage		5,177			5,253			5,174			5,043			4,788			389			8
Other consumer		444			462			485			511			521			(77	)		(15	)
Total consumer		18,055			19,010			18,469			19,342			19,522			(1,467	)		(8	)
Total loans and leases		40,120			41,179			39,145			39,519			39,297			823			2
Allowance for loan and lease losses		(855	)		(908	)		(961	)		(1,014	)		(1,066	)		211			(20	)
Net loans and leases		39,265			40,271			38,184			38,505			38,231			1,034			3
Total earning assets		51,330			51,050			49,767			49,147			48,778			2,552			5
Cash and due from banks		960			928			1,012			1,671			1,700			(740	)		(44	)
Intangible assets		597			609			613			625			639			(42	)		(7	)
All other assets		4,106			4,158			4,225			4,221			4,142			(36	)		(1	)
Total assets	$	56,138		$	55,837		$	54,656		$	54,650		$	54,193		$	1,945			4	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits - noninterest-bearing	$	12,329		$	12,064		$	11,273		$	10,716		$	8,719		$	3,610			41	%
Demand deposits - interest-bearing		5,814			5,939			5,646			5,570			5,573			241			4
Money market deposits		14,515			13,182			13,141			13,594			13,321			1,194			9
Savings and other domestic deposits		4,975			4,978			4,817			4,706			4,752			223			5
Core certificates of deposit		6,131			6,618			6,510			6,769			7,592			(1,461	)		(19	)
Total core deposits		43,764			42,781			41,387			41,355			39,957			3,807			10
Other domestic deposits of $250,000 or more		300			298			347			405			387			(87	)		(22	)
Brokered deposits and negotiable CDs		1,878			1,421			1,301			1,410			1,533			345			23
Deposits in foreign offices		356			357			430			434			401			(45	)		(11	)
Total deposits		46,298			44,857			43,465			43,604			42,278			4,020			10
Short-term borrowings		1,329			1,391			1,512			1,728			2,251			(922	)		(41	)
Federal Home Loan Bank advances		107			626			419			29			285			(178	)		(62	)
Subordinated notes and other long-term debt		1,638			2,251			2,652			2,866			3,030			(1,392	)		(46	)
Total interest-bearing liabilities		37,043			37,061			36,775			37,511			39,125			(2,082	)		(5	)
All other liabilities		1,035			1,094			1,116			978			1,017			18			2
Shareholders’ equity		5,731			5,618			5,492			5,445			5,332			399			7
Total liabilities and shareholders’ equity	$	56,138		$	55,837		$	54,656		$	54,650		$	54,193		$	1,945			4	%

⁽¹⁾  Includes nonaccrual loans.

7

Huntington Bancshares Incorporated

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

(Unaudited)

	Interest Income / Expense
	2012						2011
(dollar amounts in thousands)	Third		Second		First		Fourth		Third
Assets
Interest-bearing deposits in banks	$	42	$	97	$	12	$	15	$	17
Trading account securities		178		223		207		197		325
Federal funds sold and securities purchased under resale agreements		—		—		—		—		—
Loans held for sale		14,548		3,541		12,005		3,124		2,643
Available-for-sale and other securities:
Taxable		44,191		48,245		48,824		47,784		47,946
Tax-exempt		4,383		4,099		4,209		4,313		4,392
Total available-for-sale and other securities		48,574		52,344		53,033		52,097		52,338
Held-to-maturity securities - taxable		7,336		4,539		4,714		4,867		5,059
Loans and leases:
Commercial:
Commercial and industrial		162,998		162,419		150,397		145,825		144,151
Commercial real estate:
Construction		5,583		5,397		5,831		6,513		6,620
Commercial		50,704		54,554		50,750		54,220		54,429
Commercial real estate		56,287		59,951		56,581		60,733		61,049
Total commercial		219,285		222,370		206,978		206,558		205,200
Consumer:
Automobile		49,718		57,971		55,435		68,283		76,488
Home equity		89,388		89,358		88,582		89,876		89,112
Residential mortgage		51,981		54,326		53,914		54,263		53,521
Other consumer		7,991		8,522		8,992		9,416		9,951
Total consumer		199,078		210,177		206,923		221,838		229,072
Total loans and leases		418,363		432,547		413,901		428,396		434,272
Total earning assets	$	489,041	$	493,291	$	483,872	$	488,696	$	494,654
Liabilities
Deposits:
Demand deposits - noninterest-bearing	$	—	$	—	$	—	$	—	$	—
Demand deposits - interest-bearing		1,013		987		845		1,182		1,458
Money market deposits		12,025		9,954		8,343		10,994		13,845
Savings and other domestic deposits		4,576		4,858		5,345		6,213		8,231
Core certificates of deposit		19,237		22,682		25,919		28,851		37,323
Total core deposits		36,851		38,481		40,452		47,240		60,857
Other domestic deposits of $250,000 or more		511		493		583		794		907
Brokered deposits and negotiable CDs		3,356		2,650		2,547		2,727		2,963
Deposits in foreign offices		164		165		197		206		258
Total deposits		40,882		41,789		43,779		50,967		64,985
Short-term borrowings		544		558		583		764		931
Federal Home Loan Bank advances		135		333		222		156		233
Subordinated notes and other long-term debt		11,928		15,902		18,144		18,305		18,369
Total interest bearing liabilities		53,489		58,582		62,728		70,192		84,518
Net interest income	$	435,552	$	434,709	$	421,144	$	418,504	$	410,136

⁽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)

	Average Rates (2)
	2012									2011
Fully-taxable equivalent basis(1)	Third			Second			First			Fourth			Third
Assets
Interest-bearing deposits in banks		0.21	%		0.31	%		0.05	%		0.06	%		0.04	%
Trading account securities		1.07			1.64			1.65			0.97			1.41
Loans held for sale		3.18			3.46			3.80			3.96			4.46
Available-for-sale and other securities:
Taxable		2.21			2.33			2.39			2.37			2.43
Tax-exempt		4.15			4.23			4.17			4.22			4.17
Total available-for-sale and other securities		2.30			2.41			2.47			2.46			2.52
Held-to-maturity securities - taxable		3.69			2.97			2.98			2.99			3.04
Loans and leases:(2)(3)
Commercial:
Commercial and industrial		3.90			3.99			4.01			4.01			4.13
Commercial real estate:
Construction		3.84			3.66			3.85			4.78			3.87
Commercial		3.85			3.93			3.82			3.91			3.91
Commercial real estate		3.85			3.89			3.82			3.99			3.91
Total commercial		3.89			3.97			3.96			4.01			4.06
Consumer:
Automobile		4.87			4.68			4.87			4.80			4.89
Home equity		4.27			4.30			4.30			4.41			4.45
Residential mortgage		4.02			4.14			4.17			4.30			4.47
Other consumer		7.16			7.42			7.47			7.32			7.57
Total consumer		4.40			4.43			4.49			4.57			4.68
Total loans and leases		4.12			4.18			4.21			4.28			4.37
Total earning assets		3.79	%		3.89	%		3.91	%		3.95	%		4.02	%
Liabilities
Deposits:
Demand deposits - noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits - interest-bearing		0.07			0.07			0.06			0.08			0.10
Money market deposits		0.33			0.30			0.26			0.32			0.41
Savings and other domestic deposits		0.37			0.39			0.45			0.52			0.69
Core certificates of deposit		1.25			1.38			1.60			1.69			1.95
Total core deposits		0.47			0.50			0.54			0.61			0.77
Other domestic deposits of $250,000 or more		0.68			0.66			0.68			0.78			0.93
Brokered deposits and negotiable CDs		0.71			0.75			0.79			0.77			0.77
Deposits in foreign offices		0.18			0.19			0.18			0.19			0.26
Total deposits		0.48			0.51			0.55			0.61			0.77
Short-term borrowings		0.16			0.16			0.16			0.18			0.16
Federal Home Loan Bank advances		0.50			0.21			0.21			2.09			0.32
Subordinated notes and other long-term debt		2.91			2.83			2.74			2.56			2.43
Total interest-bearing liabilities		0.58			0.63			0.68			0.74			0.86
Net interest rate spread		3.14			3.18			3.15			3.15			3.11
Impact of noninterest-bearing funds on margin		0.24			0.25			0.25			0.23			0.22
Net interest margin		3.38	%		3.42	%		3.40	%		3.38	%		3.34	%

Commercial Loan Derivative Impact

(Unaudited)

	Average Rates (2)
	2012									2011
Fully-taxable equivalent basis(1)	Third			Second			First			Fourth			Third
Commercial loans(2)(3)		3.61	%		3.67	%		3.69	%		3.79	%		3.79	%
Impact of commercial loan derivatives		0.28			0.30			0.27			0.22			0.27
Total commercial - as reported		3.89	%		3.97	%		3.96	%		4.01	%		4.06	%
Average 30 day LIBOR		0.24	%		0.24	%		0.26	%		0.26	%		0.21	%

⁽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)

	2012									2011						3Q12 vs 3Q11
(dollar amounts in thousands, except per share amounts)	Third			Second			First			Fourth			Third			Amount			Percent
Interest income	$	483,787		$	487,544		$	479,937		$	485,216		$	490,996		$	(9,487	)		(2	)%
Interest expense		53,489			58,582			62,728			70,191			84,518			(31,029	)		(37	)
Net interest income		430,298			428,962			417,209			415,025			406,478			23,820			6
Provision for credit losses		37,004			36,520			34,406			45,291			43,586			(6,582	)		(15	)
Net interest income after provision for credit losses		393,294			392,442			382,803			369,734			362,892			30,402			8
Service charges on deposit accounts		67,806			65,998			60,292			63,324			65,184			2,622			4
Trust services		29,689			29,914			30,906			28,775			29,473			216			1
Electronic banking		22,135			20,514			18,630			18,282			32,901			(10,766	)		(33	)
Mortgage banking income		44,614			38,349			46,418			24,098			12,791			31,823			249
Brokerage income		16,526			19,025			19,260			18,688			20,349			(3,823	)		(19	)
Insurance income		17,792			17,384			18,875			17,906			17,220			572			3
Bank owned life insurance income		14,371			13,967			13,937			14,271			15,644			(1,273	)		(8	)
Capital markets fees		11,805			13,455			9,982			9,811			11,256			549			5
Gain on sale of loans		6,591			4,131			26,770			2,884			19,097			(12,506	)		(65	)
Automobile operating lease income		2,146			2,877			3,775			4,727			5,890			(3,744	)		(64	)
Securities gains (losses)		4,169			350			(613	)		(3,878	)		(1,350	)		5,519			N.R.
Other income		23,423			27,855			37,088			30,464			30,104			(6,681	)		(22	)
Total noninterest income		261,067			253,819			285,320			229,352			258,559			2,508			1
Personnel costs		247,709			243,034			243,498			228,101			226,835			20,874			9
Outside data processing and other services		49,880			48,149			42,058			53,422			49,602			278			1
Net occupancy		27,599			25,474			29,079			26,841			26,967			632			2
Equipment		25,950			24,872			25,545			25,884			22,262			3,688			17
Deposit and other insurance expense		15,534			15,731			20,738			18,481			17,492			(1,958	)		(11	)
Marketing		20,178			21,365			16,776			16,379			22,251			(2,073	)		(9	)
Professional services		18,024			15,458			11,230			16,769			20,281			(2,257	)		(11	)
Amortization of intangibles		11,431			11,940			11,531			13,175			13,387			(1,956	)		(15	)
Automobile operating lease expense		1,619			2,183			2,854			3,362			4,386			(2,767	)		(63	)
OREO and foreclosure expense		4,982			4,106			4,950			5,009			4,668			314			7
Loss (Gain) on early extinguishment of debt		1,782			(2,580	)		—			(9,697	)		—			1,782			—
Other expense		33,615			34,537			54,417			32,548			30,987			2,628			8
Total noninterest expense		458,303			444,269			462,676			430,274			439,118			19,185			4
Income before income taxes		196,058			201,992			205,447			168,812			182,333			13,725			8
Provision for income taxes		28,291			49,286			52,177			41,954			38,942			(10,651	)		(27	)
Net income	$	167,767		$	152,706		$	153,270		$	126,858		$	143,391		$	24,376			17	%
Dividends on preferred shares		7,983			7,984			8,049			7,703			7,703			280			4
Net income applicable to common shares	$	159,784		$	144,722		$	145,221		$	119,155		$	135,688		$	24,096			18	%
Average common shares - basic		857,871			862,261			864,499			864,136			863,911			(6,040	)		(1	)%
Average common shares - diluted		863,588			867,551			869,164			868,156			867,633			(4,045	)		(0	)
Per common share
Net income - basic	$	0.19		$	0.17		$	0.17		$	0.14		$	0.16		$	0.03			19	%
Net income - diluted		0.19			0.17			0.17			0.14			0.16			0.03			19
Cash dividends declared		0.04			0.04			0.04			0.04			0.04			—			—
Return on average total assets		1.19	%		1.10	%		1.13	%		0.92	%		1.05	%		0.14			13	%
Return on average common shareholders’ equity		11.9			11.1			11.4			9.3			10.8			1.1			10
Return on average tangible common shareholders’ equity(2)		13.9			13.1			13.5			11.2			13.0			0.9			7
Net interest margin(3)		3.38			3.42			3.40			3.38			3.34			0.04			1
Efficiency ratio(4)		64.5			62.8			63.8			64.0			63.5			1.0			2
Effective tax rate		14.4			24.4			25.4			24.9			21.4			(7.0	)		(33	)
Revenue - fully-taxable equivalent (FTE)
Net interest income	$	430,298		$	428,962		$	417,209		$	415,025		$	406,478		$	23,820			6	%
FTE adjustment		5,254			5,747			3,935			3,479			3,658			1,596			44
Net interest income(3)		435,552			434,709			421,144			418,504			410,136			25,416			6
Noninterest income		261,067			253,819			285,320			229,352			258,559			2,508			1
Total revenue(3)	$	696,619		$	688,528		$	706,464		$	647,856		$	668,695		$	27,924			4	%

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

10

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

⁽²⁾  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.

⁽³⁾  On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.

⁽⁴⁾  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)

	2012									2011						3Q12 vs 3Q11
(dollar amounts in thousands, except as noted)	Third			Second			First			Fourth			Third			Amount			Percent
Mortgage banking income
Origination and secondary marketing	$	40,860		$	30,184		$	31,304		$	21,248		$	15,648		$	25,212			161	%
Servicing fees		11,308			11,618			11,760			11,993			12,140			(832	)		(7	)
Amortization of capitalized servicing		(8,405	)		(9,108	)		(9,279	)		(8,813	)		(9,641	)		1,236			(13	)
Other mortgage banking income		4,999			4,814			4,966			3,652			3,826			1,173			31
Subtotal		48,762			37,508			38,751			28,080			21,973			26,789			122
MSR valuation adjustment(1)		(19,543	)		(19,013	)		9,907			(6,985	)		(39,394	)		19,851			(50	)
Net trading gains (losses) related to MSR hedging		15,395			19,854			(2,240	)		3,003			30,212			(14,817	)		(49	)
Total mortgage banking income	$	44,614		$	38,349		$	46,418		$	24,098		$	12,791		$	31,823			249	%
Mortgage originations (in millions)	$	1,224		$	1,291		$	1,157		$	1,123		$	953		$	271			28	%
Average trading account securities used to hedge MSRs (in millions)		4			4			5			6			7			(3	)		(43	)
Capitalized mortgage servicing rights(2)		108,074			128,297			148,349			137,435			145,277			(37,203	)		(26	)
Total mortgages serviced for others (in millions)(2)		15,571			15,724			15,902			15,886			16,061			(490	)		(3	)
MSR % of investor servicing portfolio(2)		0.69	%		0.82	%		0.93	%		0.87	%		0.90	%		(0.21	)%		(2,333	)
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(19,543	)	$	(19,013	)	$	9,907		$	(6,985	)	$	(39,394	)	$	19,851			(50	)%
Net trading gains (losses) related to MSR hedging		15,395			19,854			(2,240	)		3,003			30,212			(14,817	)		(49	)
Net interest income (loss) related to MSR hedging		4			(21	)		(9	)		(34	)		17			(13	)		(76	)
Net gain (loss) of MSR hedging	$	(4,144	)	$	820		$	7,658		$	(4,016	)	$	(9,165	)	$	5,021			(55	)%

⁽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)

	2012									2011
(dollar amounts in thousands)	Third			Second			First			Fourth			Third
Allowance for loan and lease losses, beginning of period	$	859,646		$	913,069		$	964,828		$	1,019,710		$	1,071,126
Loan and lease losses		(132,186	)		(108,092	)		(107,960	)		(114,146	)		(115,899	)
Recoveries of loans previously charged off		27,091			23,847			24,968			30,229			25,344
Net loan and lease losses		(105,095	)		(84,245	)		(82,992	)		(83,917	)		(90,555	)
Provision for loan and lease losses		34,419			36,476			31,928			35,614			45,867
Allowance of assets sold or transferred to loans held for sale		172			(5,654	)		(695	)		(6,579	)		(6,728	)
Allowance for loan and lease losses, end of period	$	789,142		$	859,646		$	913,069		$	964,828		$	1,019,710
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	50,978		$	50,934		$	48,456		$	38,779		$	41,060
Provision for (reduction in) unfunded loan commitments and letters of credit losses		2,585			44			2,478			9,677			(2,281	)
Allowance for unfunded loan commitments and letters of credit, end of period	$	53,563		$	50,978		$	50,934		$	48,456		$	38,779
Total allowance for credit losses, end of period	$	842,705		$	910,624		$	964,003		$	1,013,284		$	1,058,489
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		1.96	%		2.15	%		2.24	%		2.48	%		2.61	%
Nonaccrual loans and leases (NALs)		177			181			195			178			180
Nonperforming assets (NPAs)		155			164			173			163			166
Total allowance for credit losses (ACL) as % of:
Total loans and leases		2.09	%		2.28	%		2.37	%		2.60	%		2.71	%
Nonaccrual loans and leases		189			192			206			187			187
Nonperforming assets		165			174			183			172			172

13

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

	2012									2011
(dollar amounts in thousands)	Third			Second			First			Fourth			Third
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	13,023		$	15,678		$	28,495		$	10,913		$	17,891
Commercial real estate:
Construction		(280	)		(1,531	)		(1,186	)		(2,471	)		1,450
Commercial		17,654			30,709			11,692			30,854			22,990
Commercial real estate		17,374			29,178			10,506			28,383			24,440
Total commercial		30,397			44,856			39,001			39,296			42,331
Consumer:
Automobile		4,019			449			3,078			4,237			3,863
Home equity		46,596			21,045			23,729			23,419			26,222
Residential mortgage		16,880			10,786			10,570			9,732			11,562
Other consumer		7,203			7,109			6,614			7,233			6,577
Total consumer		74,698			39,389			43,991			44,621			48,224
Total net charge-offs	$	105,095		$	84,245		$	82,992		$	83,917		$	90,555
Net charge-offs - annualized percentages:
Commercial:
Commercial and industrial		0.32	%		0.39	%		0.77	%		0.31	%		0.52	%
Commercial real estate:
Construction		(0.20	)		(1.05	)		(0.79	)		(1.85	)		0.87
Commercial		1.37			2.24			0.89			2.27			1.69
Commercial real estate		1.21			1.92			0.72			1.91			1.60
Total commercial		0.55			0.81			0.75			0.78			0.86
Consumer:
Automobile		0.40			0.04			0.27			0.30			0.25
Home equity		2.23			1.01			1.15			1.15			1.31
Residential mortgage		1.30			0.82			0.82			0.77			0.97
Other consumer		6.49			6.15			5.45			5.66			5.05
Total consumer		1.65			0.83			0.95			0.92			0.99
Net charge-offs as a % of average loans		1.05	%		0.82	%		0.85	%		0.85	%		0.92	%

14

Huntington Bancshares Incorporated

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

(Unaudited)

	2012									2011
(dollar amounts in thousands)	September 30,			June 30,			March 31,			December 31,			September 30,
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	109,452		$	133,678		$	142,492		$	201,846		$	209,632
Commercial real estate		148,986			219,417			205,105			229,889			257,086
Automobile		11,814			—			—			—			—
Residential mortgage		123,140			75,048			74,114			68,658			61,129
Home equity		51,654			46,023			45,847			40,687			37,156
Total nonaccrual loans and leases		445,046			474,166			467,558			541,080			565,003
Other real estate, net:
Residential(1)		23,640			21,499			31,850			20,330			18,588
Commercial		30,566			17,109			16,897			18,094			19,418
Total other real estate, net		54,206			38,608			48,747			38,424			38,006
Other NPAs (2)		10,476			10,476			10,772			10,772			10,972
Total nonperforming assets(1)	$	509,728		$	523,250		$	527,077		$	590,276		$	613,981
Nonaccrual loans and leases as a % of total loans and leases		1.11	%		1.19	%		1.15	%		1.39	%		1.45	%
NPA ratio(3)		1.26			1.31			1.29			1.51			1.57
	2012									2011
	Third			Second			First			Fourth			Third
Nonperforming assets, beginning of period	$	523,250		$	527,077		$	590,276		$	613,981		$	652,937
New nonperforming assets(1)		210,995	(4)		221,010			134,636			189,138			153,626
Franklin impact, net		—			—			—			(534	)		(349	)
Returns to accruing status		(45,729	)		(39,376	)		(32,056	)		(30,677	)		(25,794	)
Loan and lease losses		(78,308	)		(74,546	)		(75,366	)		(79,117	)		(79,992	)
OREO losses (gains)		73			(459	)		(295	)		(867	)		(242	)
Payments		(90,535	)		(63,530	)		(66,609	)		(91,734	)		(76,510	)
Sales		(10,018	)		(46,926	)		(23,509	)		(9,914	)		(9,695	)
Nonperforming assets, end of period	$	509,728		$	523,250		$	527,077		$	590,276		$	613,981

⁽¹⁾  Residential real estate owned properties acquired in the FDIC-assisted Fidelity Bank acquisition are reflected in the above table.

⁽²⁾  Other nonperforming assets represent an investment security backed by a municipal bond.

⁽³⁾  Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

⁽⁴⁾  Includes $63.0 million related to Chapter 7 bankruptcy loans.

15

Huntington Bancshares Incorporated

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

(Unaudited)

	2012									2011
(dollar amounts in thousands)	September 30,			June 30,			March 31,			December 31,			September 30,
Accruing loans and leases past due 90 days or more:
Commercial and industrial (1)	$	26,117		$	19,258		$	—		$	—		$	—
Commercial real estate (1)		45,131			38,125			—			—			—
Residential mortgage (excluding loans guaranteed by the U.S. Government)		10,688			15,457			35,604			45,198			32,850
Home equity		21,343			18,176			19,862			20,198			20,420
Other consumer		4,940			4,539			5,091			8,253			7,755
Total, excl. loans guaranteed by the U.S. Government		108,219			95,555			60,557			73,649			61,025
Add: loans guaranteed by U.S. Government		87,463			85,678			94,560			96,703			84,413
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	195,682		$	181,233		$	155,117		$	170,352		$	145,438
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.27	%		0.24	%		0.15	%		0.19	%		0.16	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.22			0.21			0.23			0.25			0.21
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.49			0.45			0.38			0.44			0.37
Accruing troubled debt restructured loans: (2)
Commercial and industrial	$	55,809		$	57,008		$	53,795		$	54,007		$	77,509
Commercial real estate		222,155			202,190			231,923			249,968			244,089
Automobile		33,719			34,460			35,521			36,573			37,371
Home equity		92,763			66,997			59,270			52,224			47,712
Residential mortgage		280,890			298,967			294,836			309,678			304,365
Other consumer		2,644			3,038			4,233			6,108			4,513
Total accruing troubled debt restructured loans	$	687,980		$	662,660		$	679,578		$	708,558		$	715,559
Nonaccruing troubled debt restructured loans: (2)
Commercial and industrial	$	28,859		$	35,535		$	26,886		$	48,553		$	27,410
Commercial real estate		20,284			55,022			39,606			21,968			46,854
Automobile		11,814			—			—			—			—
Home equity		7,756			374			334			369			166
Residential mortgage		83,163			28,332			29,549			26,089			20,877
Other consumer		113			113			113			113			113
Total nonaccruing troubled debt restructured loans	$	151,989		$	119,376		$	96,488		$	97,092		$	95,420

(1) All amounts represent accruing purchased impaired loans related to the FDIC-assisted Fidelity Bank acquisition. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status.

(2) No loans related to the FDIC-assisted Fidelity Bank acquisition were considered troubled debt restructured loans at March 31, 2012.

16

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Capital, and Other Data

(Unaudited)

Quarterly common stock summary

	2012									2011
(dollar amounts in thousands, except per share amounts)	Third			Second			First			Fourth			Third
Common stock price, per share
High(1)	$	7.200		$	6.770		$	6.580		$	5.650		$	6.740
Low(1)		6.160			5.840			5.490			4.670			4.460
Close		6.895			6.400			6.445			5.490			4.800
Average closing price		6.561			6.367			5.974			5.178			5.370
Dividends, per share
Cash dividends declared per common share	$	0.04		$	0.04		$	0.04		$	0.04		$	0.04
Common shares outstanding
Average - basic		857,871			862,261			864,499			864,136			863,911
Average - diluted		863,588			867,551			869,164			868,156			867,633
Ending		855,485			858,401			864,675			864,406			864,075
Book value per common share	$	6.34		$	6.13		$	5.97		$	5.82		$	5.83
Tangible book value per common share(2)		5.71			5.49			5.33			5.18			5.17
Common share repurchases
Number of shares repurchased		3,742			6,426			—			—			—
	2012									2011
(dollar amounts in millions)	September 30,			June 30,			March 31,			December 31,			September 30,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	5,808		$	5,649		$	5,550		$	5,418		$	5,400
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(144	)		(159	)		(171	)		(175	)		(188	)
Add: related deferred tax liability(2)		50			56			60			61			66
Total tangible equity		5,270			5,102			4,995			4,860			4,834
Less: preferred equity		(386	)		(386	)		(386	)		(386	)		(363	)
Total tangible common equity	$	4,884		$	4,716		$	4,609		$	4,474		$	4,471
Total assets	$	56,443		$	56,623		$	55,877		$	54,451		$	54,979
Less: goodwill		(444	)		(444	)		(444	)		(444	)		(444	)
Less: other intangible assets		(144	)		(159	)		(171	)		(175	)		(188	)
Add: related deferred tax liability(2)		50			56			60			61			66
Total tangible assets	$	55,905		$	56,076		$	55,322		$	53,893		$	54,413
Tangible equity / tangible asset ratio		9.43	%		9.10	%		9.03	%		9.02	%		8.88	%
Tangible common equity / tangible asset ratio		8.74			8.41			8.33			8.30			8.22
Tier 1 common risk-based capital ratio:(4)
Tier 1 capital	$	5,720		$	5,714		$	5,709		$	5,557		$	5,488
Shareholders’ preferred equity		(386	)		(386	)		(386	)		(386	)		(363	)
Trust preferred securities		(335	)		(449	)		(532	)		(532	)		(565	)
REIT preferred stock		(50	)		(50	)		(50	)		(50	)		(50	)
Tier 1 common	$	4,949		$	4,829		$	4,741		$	4,589		$	4,510
Total risk-weighted assets(4)	$	48,154		$	47,890		$	46,716		$	45,891		$	44,376
Tier 1 common risk-based capital ratio(4)		10.28	%		10.08	%		10.15	%		10.00	%		10.17	%
Other capital data:
Tier 1 leverage ratio(4)		10.29			10.34			10.55			10.28			10.24
Tier 1 risk-based capital ratio(4)		11.88			11.93			12.22			12.11			12.37
Total risk-based capital ratio(4)		14.36			14.42			14.76			14.77			15.11
Tangible common equity / risk-weighted assets ratio(4)		10.14			9.85			9.86			9.75			10.08
Other data:
Number of employees (full-time equivalent)		11,731			11,417			11,166			11,245			11,473
Number of domestic full-service branches(3)		699			682			669			668			650

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

⁽²⁾  Other intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

⁽³⁾  Includes WGH offices.

⁽⁴⁾  September 30, 2012, figures are estimated.

17

Huntington Bancshares Incorporated

Consolidated Year To Date Average Balance Sheets

(Unaudited)

	YTD Average Balances
	Nine Months Ended September 30,						Change
(dollar amounts in millions)	2012			2011			Amount			Percent
Assets
Interest bearing deposits in banks	$	102		$	141		$	(39	)		(28	)%
Trading account securities		57			116			(59	)		(51	)
Federal funds sold and securities purchased under resale agreements		—			7			(7	)		(100	)
Loans held for sale		1,170			279			891			319
Available-for-sale and other securities:
Taxable		8,156			8,475			(319	)		(4	)
Tax-exempt		405			434			(29	)		(7	)
Total available-for-sale and other securities		8,561			8,909			(348	)		(4	)
Held-to-maturity securities - taxable		680			282			398			141
Loans and leases:(1)
Commercial:
Commercial and industrial		15,756			13,387			2,369			18
Commercial real estate:
Construction		584			612			(28	)		(5	)
Commercial		5,299			5,676			(377	)		(7	)
Commercial real estate		5,883			6,288			(405	)		(6	)
Total commercial		21,639			19,675			1,964			10
Consumer:
Automobile		4,540			5,958			(1,418	)		(24	)
Home equity		8,305			7,869			436			6
Residential mortgage		5,201			4,607			594			13
Other consumer		463			539			(76	)		(14	)
Total consumer		18,509			18,973			(464	)		(2	)
Total loans and leases		40,148			38,648			1,500			4
Allowance for loan and lease losses		(908	)		(1,141	)		233			(20	)
Net loans and leases		39,240			37,507			1,733			5
Total earning assets		50,718			48,382			2,336			5
Cash and due from banks		967			1,358			(391	)		(29	)
Intangible assets		606			652			(46	)		(7	)
All other assets		4,163			4,196			(33	)		(1	)
Total assets	$	55,546		$	53,447		$	2,099			4	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits - noninterest-bearing	$	11,890		$	7,958		$	3,932			49	%
Demand deposits - interest-bearing		5,800			5,499			301			5
Money market deposits		13,616			13,230			386			3
Savings and other domestic deposits		4,924			4,744			180			4
Core certificates of deposit		6,418			8,017			(1,599	)		(20	)
Total core deposits		42,648			39,448			3,200			8
Other domestic deposits of $250,000 or more		315			486			(171	)		(35	)
Brokered deposits and negotiable CDs		1,535			1,426			109			8
Deposits in foreign offices		381			374			7			2
Total deposits		44,879			41,734			3,145			8
Short-term borrowings		1,410			2,166			(756	)		(35	)
Federal Home Loan Bank advances		383			138			245			178
Subordinated notes and other long-term debt		2,179			3,266			(1,087	)		(33	)
Total interest-bearing liabilities		36,961			39,346			(2,385	)		(6	)
All other liabilities		1,081			975			106			11
Shareholders’ equity		5,614			5,168			446			9
Total liabilities and shareholders’ equity	$	55,546		$	53,447		$	2,099			4	%

⁽¹⁾  Includes nonaccrual loans.

18

Huntington Bancshares Incorporated

Consolidated Year To Date Net Interest Margin Analysis - Interest Income / Expense (1)

(Unaudited)

	YTD Interest Income /Expense
	Nine Months Ended September 30,
(dollar amounts in thousands)	2012		2011
Assets
Interest bearing deposits in banks	$	151	$	128
Trading account securities		608		1,265
Federal funds sold and securities purchased under resale agreements		—		5
Loans held for sale		30,094		9,174
Available-for-sale and other securities:
Taxable		141,260		160,201
Tax-exempt		12,691		14,013
Total available-for-sale and other securities		153,951		174,214
Held-to-maturity securities - taxable		16,589		6,346
Loans and leases:
Commercial:
Commercial and industrial		475,814		439,790
Commercial real estate:
Construction		16,811		16,476
Commercial		156,008		168,472
Commercial real estate		172,819		184,948
Total commercial		648,633		624,738
Consumer:
Automobile		163,124		224,928
Home equity		267,328		265,129
Residential mortgage		160,221		159,349
Other consumer		25,505		31,171
Total consumer		616,178		680,577
Total loans and leases		1,264,811		1,305,315
Total earning assets	$	1,466,204	$	1,496,447
Liabilities
Deposits:
Demand deposits - noninterest-bearing	$	—	$	—
Demand deposits - interest-bearing		2,845		3,915
Money market deposits		30,322		43,350
Savings and other domestic deposits		14,779		26,510
Core certificates of deposit		67,838		121,179
Total core deposits		115,784		194,954
Other domestic deposits of $250,000 or more		1,587		3,698
Brokered deposits and negotiable CDs		8,553		9,761
Deposits in foreign offices		526		672
Total deposits		126,450		209,085
Short-term borrowings		1,685		2,737
Federal Home Loan Bank advances		690		669
Subordinated notes and other long-term debt		45,974		58,374
Total interest-bearing liabilities		174,799		270,865
Net interest income	$	1,291,405	$	1,225,582

⁽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 Year To Date Net Interest Margin Analysis

(Unaudited)

	YTD Average Rates (2)
	Nine Months  Ended September 30,
	2012			2011
Fully-taxable equivalent basis(1)
Assets
Interest bearing deposits in banks		0.20	%		0.12	%
Trading account securities		1.42			1.46
Federal funds sold and securities purchased under resale agreements		0.29			0.09
Loans held for sale		3.43			4.39
Available-for-sale and other securities:
Taxable		2.31			2.52
Tax-exempt		4.18			4.30
Total available-for-sale and other securities		2.40			2.61
Held-to-maturity securities - taxable		3.25			3.00
Loans and leases:(3)
Commercial:
Commercial and industrial		3.97			4.33
Commercial real estate:
Construction		3.78			3.55
Commercial		3.87			3.91
Commercial real estate		3.86			3.88
Total commercial		3.94			4.19
Consumer:
Automobile		4.80			5.05
Home equity		4.29			4.49
Residential mortgage		4.11			4.61
Other consumer		7.35			7.73
Total consumer		4.44			4.79
Total loans and leases		4.17			4.48
Total earning assets		3.86	%		4.14	%
Liabilities
Deposits:
Demand deposits - noninterest-bearing		—	%		—	%
Demand deposits - interest-bearing		0.07			0.10
Money market deposits		0.30			0.44
Savings and other domestic deposits		0.40			0.75
Core certificates of deposit		1.41			2.02
Total core deposits		0.50			0.83
Other domestic deposits of $250,000 or more		0.67			1.02
Brokered deposits and negotiable CDs		0.74			0.92
Deposits in foreign offices		0.18			0.24
Total deposits		0.51			0.83
Short-term borrowings		0.16			0.17
Federal Home Loan Bank advances		0.24			0.64
Subordinated notes and other long-term debt		2.81			2.38
Total interest bearing liabilities		0.63			0.92
Net interest rate spread		3.16			3.17
Impact of noninterest-bearing funds on margin		0.25			0.22
Net interest margin		3.40	%		3.39	%

Commercial Loan Derivative Impact

(Unaudited)

	YTD Average Rates (2)
	Nine Months Ended September  30,
	2012			2011
Fully-taxable equivalent basis(1)
Commercial loans(2)(3)		3.65	%		3.82	%
Impact of commercial loan derivatives		0.28			0.37
Total commercial - as reported		3.94	%		4.19	%
Average 30 day LIBOR		0.22	%		0.23	%

⁽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 Year To Date Income Statement Data⁽¹⁾

(Unaudited)

	Nine Months Ended September 30,						Change
(dollar amounts in thousands, except per share amounts)	2012			2011			Amount			Percent
Interest income	$	1,451,268		$	1,485,010		$	(33,742	)		(2	)%
Interest expense		174,799			270,865			(96,066	)		(35	)
Net interest income		1,276,469			1,214,145			62,324			5
Provision for credit losses		107,930			128,768			(20,838	)		(16	)
Net interest income after provision for credit losses		1,168,539			1,085,377			83,162			8
Service charges on deposit accounts		194,096			180,183			13,913			8
Trust services		90,509			90,607			(98	)		—
Electronic banking		61,279			93,415			(32,136	)		(34	)
Mortgage banking income		129,381			59,310			70,071			118
Brokerage income		54,811			61,679			(6,868	)		(11	)
Insurance income		54,051			51,564			2,487			5
Bank owned life insurance income		42,275			48,065			(5,790	)		(12	)
Capital markets fees		35,242			26,729			8,513			32
Gain on sale of loans		37,492			29,060			8,432			29
Automobile operating lease income		8,798			22,044			(13,246	)		(60	)
Securities gains (losses)		3,906			197			3,709			1,883
Other income		88,366			88,418			(52	)		—
Total noninterest income		800,206			751,271			48,935			7
Personnel costs		734,241			664,433			69,808			11
Outside data processing and other services		140,087			133,773			6,314			5
Net occupancy		82,152			82,288			(136	)		—
Equipment		76,367			66,660			9,707			15
Deposit and other insurance expense		52,003			59,211			(7,208	)		(12	)
Marketing		58,319			59,248			(929	)		(2	)
Professional services		44,712			53,826			(9,114	)		(17	)
Amortization of intangibles		34,902			40,143			(5,241	)		(13	)
Automobile operating lease expense		6,656			16,656			(10,000	)		(60	)
OREO and foreclosure expense		14,038			12,997			1,041			8
Gain on early extinguishment of debt		(798	)		—			(798	)		—
Other expense		122,569			108,991			13,578			12
Total noninterest expense		1,365,248			1,298,226			67,022			5
Income before income taxes		603,497			538,422			65,075			12
Provision for income taxes		129,754			122,667			7,087			6
Net income	$	473,743		$	415,755		$	57,988			14	%
Dividends on preferred shares		24,016			23,110			906			4
Net income applicable to common shares	$	449,727		$	392,645		$	57,082			15	%
Average common shares - basic		861,543			863,542			(1,999	)		—	%
Average common shares - diluted(2)		866,768			867,446			(678	)		—
Per common share
Net income - basic	$	0.52		$	0.45		$	0.07			16	%
Net income - diluted		0.52			0.45			0.07			16
Cash dividends declared		0.12			0.06			0.06			100
Return on average total assets		1.14	%		1.04	%		0.10			10	%
Return on average common shareholders’ equity		11.5			10.9			0.6			6
Return on average tangible common shareholders’ equity(3)		13.5			13.2			0.3			2
Net interest margin(4)		3.40			3.39			0.01			—
Efficiency ratio(5)		63.7			63.6			0.1			—
Effective tax rate		21.5			22.8			(1.3	)		(6	)
Revenue - fully taxable equivalent (FTE)
Net interest income	$	1,276,469		$	1,214,145		$	62,324			5	%
FTE adjustment(4)		14,936			11,437			3,499			31
Net interest income		1,291,405			1,225,582			65,823			5
Noninterest income		800,206			751,271			48,935			7
Total revenue	$	2,091,611		$	1,976,853		$	114,758			6	%

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 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 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

Year To Date Mortgage Banking Income

(Unaudited)

	Nine Months Ended September 30,						Change
(dollar amounts in thousands, except as noted)	2012			2011			Amount			Percent
Mortgage banking income
Origination and secondary marketing	$	102,348		$	46,969		$	55,379			118	%
Servicing fees		34,686			37,103			(2,417	)		(7	)
Amortization of capitalized servicing		(26,792	)		(28,556	)		1,764			(6	)
Other mortgage banking income		14,779			11,854			2,925			25
Subtotal		125,021			67,370			57,651			86
MSR valuation adjustment(1)		(28,649	)		(46,912	)		18,263			(39	)
Net trading gains (losses) related to MSR hedging		33,009			38,852			(5,843	)		(15	)
Total mortgage banking income	$	129,381		$	59,310		$	70,071			118	%
Mortgage originations (in millions)	$	3,672		$	2,798		$	874			31	%
Average trading account securities used to hedge MSRs (in millions)		4			25			(21	)		(84	)
Capitalized mortgage servicing rights(2)		108,074			145,277			(37,203	)		(26	)
Total mortgages serviced for others (in millions)(2)		15,571			16,061			(490	)		(3	)
MSR % of investor servicing portfolio		0.69	%		0.90	%		(0.21	)%		(23	)
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(28,649	)	$	(46,912	)	$	18,263			(39	)%
Net trading gains (losses) related to MSR hedging		33,009			38,852			(5,843	)		(15	)
Net interest income related to MSR hedging		(26	)		200			(226	)		(113	)
Net gain (loss) on MSR hedging	$	4,334		$	(7,860	)	$	12,194			(155	)%

⁽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

Year to Date Credit Reserves Analysis

(Unaudited)

	Nine Months Ended September 30,
(dollar amounts in thousands)	2012			2011
Allowance for loan and lease losses, beginning of period	$	964,828		$	1,249,008
Loan and lease losses		(348,238	)		(443,607	)
Recoveries of loans previously charged off		75,906			90,435
Net loan and lease losses		(272,332	)		(353,172	)
Provision for loan and lease losses		102,823			132,116
Allowance of assets sold or transferred to loan held for sale		(6,177	)		(8,242	)
Allowance for loan and lease losses, end of period	$	789,142		$	1,019,710
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	48,456		$	42,127
Provision for (reduction in) unfunded loan commitments and letters of credit losses		5,107			(3,348	)
Allowance for unfunded loan commitments and letters of credit, end of period	$	53,563		$	38,779
Total allowance for credit losses	$	842,705		$	1,058,489
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		1.96	%		2.61	%
Nonaccrual loans and leases (NALs)		177			180
Nonperforming assets (NPAs)		155			166
Total allowance for credit losses (ACL) as % of:
Total loans and leases		2.09	%		2.71	%
Nonaccrual loans and leases (NALs)		189			187
Nonperforming assets (NPAs)		165			172

24

Huntington Bancshares Incorporated

Year to Date Net Charge-Off Analysis

(Unaudited)

	Nine Months Ended September 30,
(dollar amounts in thousands)	2012			2011
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	57,196		$	78,786
Commercial real estate:
Construction		(2,997	)		33,995
Commercial		60,055			85,723
Commercial real estate		57,058			119,718
Total commercial		114,254			198,504
Consumer:
Automobile		7,546			10,830
Home equity		91,370			78,378
Residential mortgage		38,236			46,949
Other consumer		20,926			18,511
Total consumer		158,078			154,668
Total net charge-offs	$	272,332		$	353,172
Net charge-offs - annualized percentages:
Commercial:
Commercial and industrial		0.48	%		0.78	%
Commercial real estate:
Construction		(0.68	)		7.41
Commercial		1.51			2.01
Commercial real estate		1.29			2.54
Total commercial		0.70			1.35
Consumer:
Automobile		0.22			0.24
Home equity		1.47			1.33
Residential mortgage		0.98			1.36
Other consumer		6.03			4.58
Total consumer		1.14			1.09
Net charge-offs as a % of average loans		0.90	%		1.22	%

25

Huntington Bancshares Incorporated

Year to Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)

	September 30,
(dollar amounts in thousands)	2012			2011
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	109,452		$	209,632
Commercial real estate		148,986			257,086
Automobile		11,814			—
Residential mortgage		123,140			61,129
Home equity		51,654			37,156
Total nonaccrual loans and leases		445,046			565,003
Other real estate, net:
Residential (1)		23,640			18,588
Commercial		30,566			19,418
Total other real estate, net		54,206			38,006
Other NPAs (2)		10,476			10,972
Total nonperforming assets (1)	$	509,728		$	613,981
Nonaccrual loans and leases as a % of total loans and leases		1.11	%		1.45	%
NPA ratio (3)		1.26			1.57
	Nine Months Ended September 30,
(dollar amounts in thousands)	2012			2011
Nonperforming assets, beginning of period	$	590,276		$	844,752
New nonperforming assets (1)		566,641	(4)		555,925
Franklin impact, net		—			(8,943	)
Returns to accruing status		(117,161	)		(165,109	)
Loan and lease losses		(228,220	)		(283,667	)
OREO losses (gains)		(681	)		1,638
Payments		(220,674	)		(236,560	)
Sales		(80,453	)		(94,055	)
Nonperforming assets, end of period	$	509,728		$	613,981

(1) Residential real estate owned properties acquired in the FDIC-assisted Fidelity Bank acquisition are reflected in the above table.

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

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

(4) Includes $63.0 million related to Chapter 7 bankruptcy loans.

26

Huntington Bancshares Incorporated

Year to Date Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans

(Unaudited)

	September 30,
(dollar amounts in thousands)	2012			2011
Accruing loans and leases past due 90 days or more:
Commercial and industrial (1)	$	26,117		$	—
Commercial real estate (1)		45,131			—
Residential mortgage (excluding loans guaranteed by the U.S. Government)		10,688			32,850
Home equity		21,343			20,420
Other consumer		4,940			7,755
Total, excl. loans guaranteed by the U.S. Government		108,219			61,025
Add: loans guaranteed by U.S. Government		87,463			84,413
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	195,682		$	145,438
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.27	%		0.16	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.22	%		0.21	%
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.49	%		0.37	%
Accruing troubled debt restructured loans: (2)
Commercial and industrial	$	55,809		$	77,509
Commercial real estate		222,155			244,089
Automobile		33,719			37,371
Home equity		92,763			47,712
Residential mortgage		280,890			304,365
Other consumer		2,644			4,513
Total accruing troubled debt restructured loans	$	687,980		$	715,559
Nonaccruing troubled debt restructured loans: (2)
Commercial and industrial	$	28,859		$	27,410
Commercial real estate		20,284			46,854
Automobile		11,814			—
Home equity		7,756			166
Residential mortgage		83,163			20,877
Other consumer		113			113
Total nonaccruing troubled debt restructured loans	$	151,989		$	95,420

(1) All amounts represent accruing purchased impaired loans related to the FDIC-assisted Fidelity Bank acquisition. Under the applicable accounting guidance (ASC 310-30), the loans were recorded at fair value upon acquisition and remain in accruing status.

(2) No loans related to the FDIC-assisted Fidelity Bank acquisition were considered troubled debt restructured loans at March 31, 2012.

27