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) July 18, 2014

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 July 18, 2014, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended June 30, 2014. Also on July 18, 2014, Huntington made a Quarterly Financial Supplement available on its web site, www.huntington-ir.com.

Huntington’s senior management will host an earnings conference call July 18, 2014, 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 62273675. 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-ir.com. A telephone replay will be available two hours after the completion of the call through August 1, 2014, at (855) 859-2056 or (404) 537-3406; conference call ID 62273675.

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 general economic, political, or industry conditions; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board; volatility and disruptions in global capital and credit markets; (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 implementing 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, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the OCC, Federal Reserve, FDIC, and CFPB; 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 2013 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 July 18, 2014.
Exhibit 99.2	–	Quarterly Financial Supplement, June 2014.

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:	July 18, 2014	By:	/s/ Howell D. McCullough III
			Howell D. McCullough III
			Senior Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	News release of Huntington Bancshares Incorporated, July 18, 2014.
Exhibit 99.2	Quarterly Financial Supplement, June 2014.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

July 18, 2014

Analysts: 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 2014 SECOND QUARTER NET

INCOME OF $165 MILLION AND EARNINGS PER COMMON SHARE OF $0.19

STRATEGIC EXECUTION DRIVES 5% YEAR-OVER-YEAR REVENUE GROWTH

Specific highlights:

• 12% year-over-year increase in earnings per common share to $0.19

• 9% year-over-year increase in net income to $165 million

• 1.07% return on average assets, 10.8% return on average common equity

• $3.7 billion, or 9%, year-over-year increase in average loans and leases

• Efficiency ratio improved to 62.7% compared to 63.7% in the year-ago quarter

• Net chargeoffs declined to 0.25% of average loans and leases, down from 0.34% in the year-ago quarter

• 12.1 million common shares repurchased at an average price of $9.17 per share

COLUMBUS, Ohio – Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) reported 2014 second quarter net income of $165 million, an increase of $14 million, or 9%, from the 2013 second quarter and an increase of $15 million, or 10%, from the 2014 first quarter. Earnings per common share were $0.19, an increase of $0.02 from both the year-ago and prior quarters.

The Board of Directors declared a quarterly cash dividend on the company’s common stock of $0.05 per common share. The dividend is payable October 1, 2014, to shareholders of record on September 17, 2014.

Performance Summary: Disciplined Growth Overcomes Market Pressures

“We are very pleased with our second quarter performance, which reflects our steadfast focus on executing our strategies,” said Steve Steinour, chairman, president and CEO. “We have been able to grow both total revenue and net interest income year over year. Net interest income was particularly noteworthy, as average loan growth of 9 percent allowed us to overcome continued pressure on the net interest margin from the low, flat yield curve. We also returned 97% of earnings to common shareholders, including $111 million of stock buybacks during the quarter, which demonstrates our belief in the future prospects of the company and our commitment to return capital to our shareholders.”

“Average loans increased $3.7 billion from the second quarter of 2013, driven by growth in commercial and auto lending, reflecting heightened consumer and business confidence in the economy,” said Steinour. “During the quarter, we announced and received approval from the OCC for the purchase of an additional 24 branches in Michigan, which is targeted to

1

close in September. Also during the second quarter, retail banking customers surveyed by J.D. Power rated Huntington the “Highest Customer Satisfaction with Retail Banking in the North Central Region.^†” Additionally, Huntington was the number one SBA lender in the country for the first nine months of the SBA’s fiscal year, even though we only lend in our six-state footprint. We also gave customers more convenience and ability to manage their money during the quarter with the rollout of the Quick Balance feature to our mobile banking – only the second bank in the country to offer this feature.”

Table 1 – Earnings Performance Summary

	2014						2013
($ in millions, except per share data)	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Net Income	$	164.6		$	149.1		$	158.2		$	178.8		$	151.0
Diluted earnings per common share		0.19			0.17			0.18			0.20			0.17
Return on average assets		1.07	%		1.01	%		1.09	%		1.27	%		1.08	%
Return on average common equity		10.8			9.9			10.5			12.3			10.4
Return on average tangible common equity		12.4			11.3			12.1			14.2			12.1
Net interest margin		3.28			3.27			3.28			3.34			3.38
Efficiency ratio		62.7			66.4			63.4			60.3			63.7
Tangible book value per common share	$	6.48		$	6.31		$	6.26		$	6.07		$	5.87
Cash dividends declared per common share		0.05			0.05			0.05			0.05			0.05
Average diluted shares outstanding (000’s)		834,687			842,677			842,324			841,025			843,840
Average earning assets	$	57,077		$	54,961		$	53,012		$	51,247		$	51,156
Average loans		45,024			43,423			43,139			41,994			41,280
Average core deposits		45,611			45,195			44,747			43,773			43,768
Tangible common equity / tangible assets ratio		8.38	%		8.63	%		8.82	%		9.01	%		8.76	%
Tier 1 common risk-based capital ratio		10.26			10.60			10.90			10.85			10.71
NCOs as a % of average loans and leases		0.25	%		0.40	%		0.43	%		0.53	%		0.34	%
NAL ratio		0.71			0.74			0.75			0.78			0.87
ACL as a % of total loans and leases		1.50			1.56			1.65			1.72			1.86

Table 2 lists certain items that Management believes are significant in understanding corporate performance and trends (see Basis of Presentation).

Table 2 – Significant Items Influencing Earnings

Three Months Ended (in millions, except per share)	Pre-Tax Impact			After-Tax Impact
	Amount			Amount (1)			EPS (2)
June 30, 2014 – net income				$	165		$	0.19
March 31, 2014 – net income				$	149		$	0.17
• Camco Financial acquisition, net	$	(12	)		(8	)		(0.01	)
• Addition to litigation reserves		(9	)		(6	)		(0.01	)

^†  Huntington National Bank received the highest numerical score among retail banks in the North Central Region in the proprietary J.D. Power 2014 Retail Banking Satisfaction Study^SM. Based on 80,445 total responses measuring providers in the North Central region (IN, KY, MI, OH, & WV) and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed January 2014. Your experiences may vary. Visit jdpower.com.

2

	Pre-Tax Impact			After-Tax Impact
	Amount			Amount (1)			EPS (2)
December 31, 2013 – net income				$	158		$	0.18
• Franchise repositioning related expense	$	(7	)		(5	)		(0.01	)
September 30, 2013 – net income				$	179		$	0.20
• Pension curtailment gain	$	34			22			0.03
• Franchise repositioning related expense		(17	)		(11	)		(0.01	)
June 30, 2013 – net income				$	151		$	0.17

⁽¹⁾  Favorable (unfavorable) impact on net income; 35% tax rate

⁽²⁾  EPS reflected on a fully diluted basis

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

Table 3 – Net Interest Income and Net Interest Margin Performance Summary

	2014						2013
	Second			First			Fourth			Third			Second			Change (%)
($ in millions)	Quarter			Quarter			Quarter			Quarter			Quarter			LQ			YOY
Net interest income	$	460.0		$	437.5		$	430.6		$	424.9		$	424.9			5	%		8	%
FTE adjustment		6.6			5.9			8.2			6.6			6.6			13			1
Net interest income - FTE		466.7			443.4			438.8			431.5			431.5			5			8
Noninterest income		250.1			248.5			249.9			253.8			251.9			1			(1	)
Total revenue - FTE	$	716.8		$	691.9		$	688.7		$	685.3		$	683.4			4	%		5	%
																Change bps
Yield / Cost																LQ			YOY
Total earning assets		3.53	%		3.53	%		3.58	%		3.64	%		3.68	%		(0	)		(15	)
Total loans and leases		3.75			3.75			3.77			3.87			3.95			(0	)		(20	)
Total securities		2.57			2.52			2.60			2.41			2.38			5			18
Total interest-bearing liabilities		0.34			0.36			0.42			0.42			0.42			(2	)		(7	)
Total interest-bearing deposits		0.25			0.28			0.32			0.33			0.36			(3	)		(10	)
Net interest rate spread		3.18			3.17			3.15			3.20			3.26			1			(8	)
Impact of noninterest-bearing funds on margin		0.10			0.10			0.13			0.14			0.12			(1	)		(3	)
Net interest margin		3.28	%		3.27	%		3.28	%		3.34	%		3.38	%		1			(10	)

See Page 8 of Quarterly Financial Supplement for additional rate detail.

Fully-taxable equivalent (FTE) net interest income increased $35 million, or 8%, from the 2013 second quarter. This reflected the benefit from the $5.9 billion, or 12%, increase in average earnings assets, including a $3.7 billion, or 9%, increase in average loans and leases and a $2.6 billion, or 28%, increase in average securities. This earning asset growth was partially offset by the 10 basis point decrease in the FTE net interest margin (NIM) to 3.28%. The NIM contraction reflected a 15 basis point decrease related to the mix and yield of earning assets partially offset by the 5 basis point reduction in funding costs. During the 2014 second quarter, net interest income and the NIM benefitted by $5 million and 4 basis points, respectively, from the unexpected pay-off of an acquired commercial real estate loan.

3

Table 4 – Average Earning Assets – Automobile and C&I Continue To Drive Growth

	2014				2013
	Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter		Change (%)
(in billions)											LQ			YOY
Average Loans and Leases
Commercial and industrial	$	18.3	$	17.6	$	17.7	$	17.0	$	17.0		4	%		7	%
Commercial real estate		5.0		4.9		4.9		4.9		5.0		3			1
Total commercial		23.3		22.5		22.6		21.9		22.0		3			6
Automobile		7.3		6.8		6.5		6.1		5.3		8			39
Home equity		8.4		8.3		8.3		8.3		8.3		0			1
Residential mortgage		5.6		5.4		5.3		5.3		5.2		4			7
Other consumer		0.4		0.4		0.4		0.4		0.5		(1	)		(17	)
Total consumer		21.7		20.9		20.6		20.1		19.2		4			13
Total loans and leases		45.0		43.4		43.1		42.0		41.3		4			9
Total securities		11.7		11.2		9.5		8.8		9.1		4			28
Held-for-sale and other earning assets		0.4		0.4		0.4		0.4		0.8		5			(50	)
Total earning assets	$	57.1	$	55.0	$	53.0	$	51.2	$	51.2		4	%		12	%

See Page 6 of Quarterly Financial Supplement for additional detail.

Average loans and leases increased $3.7 billion, or 9%, from the prior year, driven by:

• $2.1 billion, or 39%, increase in average Automobile loans, as originations remained strong and we continued to portfolio all of the production.

• $1.2 billion, or 7%, increase in average Commercial and Industrial (C&I) loans and leases, reflecting growth in the specialty lending verticals, automobile dealer floorplan lending, and business banking.

• $0.4 billion, or 7%, increase in average residential mortgage loans as a result of increased customer demand for Adjustable Rate Mortgages (ARMs).

4

Table 5 – Average Liabilities – Focus on Core Customer Relationships and Reducing Funding Costs Continues to Drive Shift in Funding Mix

	2014				2013
	Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter		Change (%)
(in billions)											LQ			YOY
Average Deposits
Demand deposits - noninterest bearing	$	13.5	$	13.2	$	13.3	$	13.1	$	12.9		2	%		5	%
Demand deposits - interest bearing		5.9	$	5.8	$	5.8	$	5.8	$	5.9		3			0
Total demand deposits		19.4		19.0		19.1		18.9		18.8		2			3
Money market deposits		17.7		17.6		16.8		15.7		15.1		0			17
Savings and other domestic deposits		5.1		5.0		4.9		5.1		5.0		2			1
Core certificates of deposit		3.4		3.6		3.9		4.2		4.8		(5	)		(28	)
Total core deposits		45.6		45.2		44.7		43.8		43.8		1			4
Other domestic deposits of $250,000 or more		0.3		0.3		0.3		0.3		0.3		(8	)		(19	)
Brokered deposits and negotiable CDs		2.1		1.8		1.4		1.6		1.8		16			16
Other deposits		0.3		0.3		0.4		0.4		0.3		(4	)		0
Total deposits		48.3		47.6		46.8		46.0		46.2		1			4
Short- and long-term borrowings		6.3		4.9		3.7		3.0		2.7		29			130
Total Interest-bearing liabilities	$	41.1	$	39.3	$	37.2	$	35.9	$	36.1		5	%		14	%

See Page 6 of Quarterly Financial Supplement for additional detail.

Average total core deposits increased $1.9 billion, or 4%, from the year-ago quarter, including a $0.6 billion, or 5%, increase in noninterest bearing deposits. Average interest-bearing liabilities increased $5.0 billion, or 14%, from the 2013 second quarter, reflecting:

• $3.6 billion, or 130%, increase in short- and long-term borrowings, which were used to efficiently finance balance sheet growth while continuing to manage the overall cost of funds. Included in the increase are $2.1 billion of bank-level debt and $0.4 billion of parent-level debt issued over the past year.

• $2.6 billion, or 17%, increase in money market deposits, reflecting the strategic focus on customer growth and increased share-of-wallet among both consumer and commercial customers.

Partially offset by:

• $1.3 billion, or 28%, decrease in average core certificates of deposit due to the strategic focus on changing the funding sources to no-cost demand deposits and lower cost money market deposits.

5

Noninterest Income

Table 6 – Noninterest Income – Continued Momentum in Electronic Banking and Service Charges on Deposit Accounts Largely Offset Mortgage Banking Declines

	2014				2013
	Second Quarter		First Quarter		Fourth Quarter		Third Quarter		Second Quarter			Change (%)
(in millions)												LQ			YOY
Noninterest Income
Service charges on deposit accounts	$	72.6	$	64.6	$	70.0	$	72.9	$	68.0			12	%		7	%
Mortgage banking income		22.7		23.1		24.3		23.6		33.7			(2	)		(33	)
Trust services		29.6		29.6		30.7		30.5		30.7			0			(4	)
Electronic Banking		26.5		23.6		24.3		24.3		23.3			12			13
Insurance income		16.0		16.5		15.6		17.3		17.2			(3	)		(7	)
Brokerage Income		17.8		17.1		15.1		16.5		19.5			4			(9	)
Bank owned life insurance income		13.9		13.3		13.8		13.7		15.4			4			(10	)
Capital markets fees		10.5		9.2		12.3		12.8		12.2			14			(14	)
Gain on sale of loans		3.9		3.6		7.1		5.1		3.3			10			17
Securities (losses) gains		0.5		17.0		1.2		0.1		(0.4	)		(97	)		NR
Other income		36.0		31.0		35.4		37.0		28.9			16			25
Total noninterest income	$	250.1	$	248.5	$	249.9	$	253.8	$	251.9			1	%		(1	)%

NR-Not relevant

Noninterest income decreased $2 million, or less than 1%, from the year-ago quarter, primarily reflecting:

• $11 million, or 33%, decrease in mortgage banking income, reflecting a 49% reduction in origination and secondary marketing revenue as originations decreased 23% and gain-on-sale margins compressed.

Partially offset by:

• $7 million, or 25%, increase in other income primarily related to commercial loan fees and credit card fees, as our new credit card products were launched last year.

• $5 million, or 7%, increase in service charges on deposit accounts reflecting 8% consumer household and 1% commercial relationship growth and changing customer usage patterns.

Compared to the 2014 first quarter, noninterest income increased $2 million, or less than 1%. This increase reflected typical seasonality within service charges on deposit accounts, which increased $8 million, or 12%, and a $3 million, or 12%, increase in electronic banking. These were mostly offset by a $16 million, or 97%, decrease in securities gains.

6

Noninterest Expense

Table 7 – Noninterest Expense – Expense Discipline Remains a Focus

	2014				2013
	Second		First		Fourth		Third		Second		Change (%)
(in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ			YOY
Noninterest Expense
Personnel costs	$	260.6	$	249.5	$	249.6	$	229.3	$	263.9		4	%		(1	)%
Outside data processing and other services		54.3		51.5		51.1		49.3		49.9		6			9
Net occupancy		28.7		33.4		32.0		35.6		27.7		(14	)		4
Equipment		28.7		28.8		28.8		28.2		24.9		(0	)		15
Marketing		14.8		10.7		13.7		12.3		14.2		39			4
Deposit and other insurance expense		10.6		13.7		10.1		11.2		13.5		(23	)		(21	)
Amortization of intangibles		9.5		9.3		10.3		10.4		10.4		2			(8	)
Professional services		17.9		12.2		11.6		12.5		9.3		46			92
Other expense		33.4		51.0		39.0		34.6		32.1		(35	)		4
Total noninterest expense	$	458.6	$	460.1	$	446.0	$	423.3	$	445.9		(0	)%		3	%
(in thousands)
Number of employees (Average full-time equivalent)		12.0		11.8		11.8		12.1		12.1		1	%		(1	)%

Noninterest expense increased $13 million, or 3%, from the year-ago quarter, reflecting:

• $9 million, or 92%, increase in professional services, $5 million of which is one-time consulting expense related to strategic planning.

• $4 million, or 9%, increase in outside data processing and other services, reflecting higher debit and credit card processing costs and other technology expense.

• $4 million, or 15%, increase in equipment expense, reflecting technology investments and the near-complete rollout of enhanced ATMs.

Partially offset by:

• $3 million, or 1%, decrease in personnel costs, reflecting the curtailment of the pension plan at the end of 2013 partially offset by annual compensation increases.

Noninterest expense decreased $1 million, or less than 1%, from the 2014 first quarter. When adjusting for the $22 million of Significant Items in the 2014 first quarter, noninterest expense increased $21 million. Personnel costs increased $11 million, or 4%, primarily reflecting the implementation of compensation and benefits increases. Marketing increased $4 million, or 39%, due to the seasonal increase in campaigns and promotions. Net occupancy expense decreased $5 million, or 14%, primarily related to the prior quarter’s snow removal expenses, as well as $2 million of one-time expenses related to the Camco acquisition and conversion. Other expense decreased $18 million, or 35%, as the 2014 first quarter included the $9 million addition to litigation reserves and a $3 million goodwill impairment.

7

Credit Quality

Table 8 – Summary Credit Quality Metrics – Positive Credit Trends Continue

	2014						2013
($ in thousands)	Jun. 30			Mar. 31			Dec. 31			Sep. 30			Jun. 30
Total nonaccrual loans and leases	$	324,957		$	327,158		$	322,056		$	333,106		$	363,547
Total other real estate, net		34,695			35,691			27,664			29,154			21,066
Other NPAs (1)		2,440			2,440			2,440			12,000			12,087
Total nonperforming assets	$	362,092		$	365,289		$	352,160		$	374,259		$	396,699
Accruing loans and leases past due 90 days or more		85,367			98,412			76,209			94,966			94,123
NPAs + accruing loans and leases past due 90 days or more	$	447,459		$	463,701		$	428,369		$	469,225		$	490,822
NAL ratio (2)		0.71	%		0.74	%		0.75	%		0.78	%		0.87	%
NPA ratio (3)		0.79			0.82			0.82			0.88			0.95
(NPAs+90 days)/(Loans+OREO)		1.08			1.17			1.20			1.29			1.38
Provision for credit losses	$	29,385		$	24,630		$	24,331		$	11,400		$	24,722
Net charge-offs		28,642			42,986			46,447			55,742			34,790
Net charge-offs / Average total loans		0.25	%		0.40	%		0.43	%		0.53	%		0.34	%
Allowance for loans and lease losses	$	635,101		$	631,918		$	647,870		$	666,030		$	733,076
Allowance for unfunded loan commitments and letters of credit		56,927			59,368			62,899			66,857			44,223
Allowance for credit losses (ACL)	$	692,029		$	691,286		$	710,769		$	732,887		$	777,299
ACL as a % of:
Total loans and leases		1.50	%		1.56	%		1.65	%		1.72	%		1.86	%
NALs		213			211			221			220			214
NPAs		191			191			202			196			196

(1) Other nonperforming assets includes certain impaired investment securities.

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

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

See Pages 11-14 of Quarterly Financial Supplement for additional detail.

Nonaccrual loans and leases (NALs) decreased $39 million, or 11%, compared to a year ago to $325 million, or 0.71% of total loans and leases. Nonperforming assets (NPAs) decreased $35 million, or 9%, to $362 million, or 0.79% of total loans and leases, OREO, and other NPAs.

The provision for credit losses increased $5 million, or 16%, compared to the year-ago quarter reflecting the substantial loan growth during the current quarter tempered by the slight improvement in asset quality measures. Net charge-offs (NCOs) decreased $6 million, or 18%, to $29 million consistent with our expectations. The consumer portfolios drove the bulk of the quarterly decline, continuing the positive trend exhibited over the past three quarters. NCOs equated to an annualized 0.25% of average loans and leases in the current quarter compared to 0.34% in the year-ago quarter.

The period-end allowance for credit losses (ACL) as a percentage of total loans and leases decreased to 1.50% from 1.86% a year ago, while the ACL as a percentage of period-end total NALs decreased to 213% from 214%. The decrease in the ACL as a percent of total loans is consistent with the improved credit quality metrics.

8

Capital

Table 9 – Capital Ratios – Active Capital Management and Balance Sheet Growth Reduce Capital Ratios

	2014						2013
(in millions)	Jun. 30			Mar. 31			Dec. 31			Sep. 30			Jun. 30
Tangible common equity / tangible assets ratio		8.38	%		8.63	%		8.82	%		9.01	%		8.76	%
Tier 1 common risk-based capital ratio		10.26	%		10.60	%		10.90	%		10.85	%		10.71	%
Regulatory Tier 1 risk-based capital ratio		11.56	%		11.95	%		12.28	%		12.36	%		12.24	%
Excess over 6.0% (1)	$	2,949		$	3,042		$	3,121		$	3,096		$	3,000
Regulatory Total risk-based capital ratio		13.67	%		14.13	%		14.57	%		14.67	%		14.57	%
Excess over 10.0% (1)	$	1,946		$	2,111		$	2,271		$	2,274		$	2,197
Total risk-weighted assets	$	53,035		$	51,120		$	49,690		$	48,687		$	48,080

(1) “Well-capitalized” regulatory threshold

See Page 15 of Quarterly Financial Supplement for additional detail.

The tangible common equity to tangible assets ratio at June 30, 2014, was 8.38%, down 38 basis points from a year ago. Our Tier 1 common risk-based capital ratio was 10.26%, down from 10.71% a year ago. The regulatory Tier 1 risk-based capital ratio at June 30, 2014, was 11.56%, down from 12.24% a year ago.

The decreases in the capital ratios were due to balance sheet growth and share repurchases that were partially offset by retained earnings and the stock issued in the Camco acquisition. Specifically, all capital ratios were impacted by the repurchase of 28.7 million common shares over the last four quarters, 12.1 million of which were repurchased during the 2014 second quarter. The decrease in the regulatory Tier 1 risk-based capital ratio also reflected the redemption of $50 million of qualifying preferred securities on December 31, 2013. These declines were offset partially by the increase in retained earnings as well as the issuance of 8.7 million common shares in the Camco acquisition.

Income Taxes

The provision for income taxes in the 2014 second quarter was $57 million and $55 million in the 2013 second quarter. The effective tax rates for the 2014 second quarter and 2013 second quarter were 25.9% and 26.8%, respectively. At June 30, 2014, we had a net federal deferred tax asset of $82 million and a net state deferred tax asset of $47 million. As of June 30, 2014 and June 30, 2013, there was no disallowed deferred tax asset for regulatory capital purposes.

Expectations

“We are optimistic about the continued growth in our local economies and the growing benefit from previous investments, which are driving our robust pipelines,” said Steinour. “Nevertheless, the rate environment and competitive pressures will continue to be challenging. We remain committed to achieving positive operating leverage for the 2014 full year and will continue to manage the franchise proactively in concert with our outlook.”

9

Net interest income is expected to increase modestly. We anticipate an increase in earning assets as total loans moderately grow and investment securities increase modestly. However, those benefits to net interest income are expected to be partially offset by continued downward pressure on NIM. We continue to maintain a disciplined approach to loan and deposit pricing; however, asset yields remain under pressure, and the opportunity to reduce funding costs further is diminishing.

Noninterest income, excluding the impact of any net MSR activity, is expected to remain near the current quarter’s level. In July, we will implement the previously announced change in our consumer service charges on deposits that is expected to have an approximate quarterly negative impact of $6 million. We expect that continued organic consumer household and business relationship growth coupled with the completion of the Michigan branch acquisitions will help offset this reduction.

Noninterest expense, excluding one-time items, is expected to remain near the current quarter’s reported level. We will continue to look for ways to reduce expenses, while not impacting our previously announced growth strategies and our high level of customer service.

Asset quality metrics are expected to trend favorably, although moderate quarterly volatility also is expected given the absolute low level of problem assets and credit costs. NPAs are expected to show continued improvement. We anticipate NCOs will remain within or below our long-term normalized range of 35 to 55 basis points.

The effective tax rate for the remainder of 2014 is expected to be in the range of 25% to 28%, primarily reflecting the impacts of tax-exempt income, tax-advantaged investments, general business credits, and the change in accounting for investments in qualified affordable housing projects.

Conference Call / Webcast Information

Huntington’s senior management will host an earnings conference call on July 18, 2014, 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# 62273675. 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 approximately two hours after the completion of the call through August 1, 2014, at (855) 859-2056 or (404) 537-3406; conference ID# 62273675.

Please see the 2014 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found at: http://www.huntington-ir.com

10

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 general economic, political, or industry conditions; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board; volatility and disruptions in global capital and credit markets; (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 implementing 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, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the OCC, Federal Reserve, FDIC, and CFPB; 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 2013 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 second quarter earnings release, 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 2013 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.

11

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.

About Huntington

Huntington Bancshares Incorporated is a $64 billion asset regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, and its affiliates provide 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 retail banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 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 1,400 ATMs. Through automotive dealership relationships within its six-state retail 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.

###

12

EX-99.2

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

June 2014

Table of Contents

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

Notes:

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) 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 and Basel III definitions, 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 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 the related press release in their entirety, and not to rely on any single financial measure. Basel III Tier 1 common capital ratio estimates are based on management’s current interpretation, expectations, and understanding of the final U.S. Basel III rules adopted by the Federal Reserve Board and released on July 2, 2013.

Huntington Bancshares Incorporated

Quarterly Key Statistics⁽¹⁾

(Unaudited)

	2014						2013			Percent Changes vs.
(dollar amounts in thousands, except per share amounts)	Second			First			Second			1Q14			2Q13
Net interest income	$	460,048		$	437,506		$	424,937			5	%		8	%
Provision for credit losses		29,385			24,630			24,722			19			19
Noninterest income		250,067			248,485			251,919			1			(1	)
Noninterest expense		458,636			460,121			445,865			—			3
Income before income taxes		222,094			201,240			206,269			10			8
Provision for income taxes		57,475			52,097			55,269			10			4
Net income	$	164,619		$	149,143		$	151,000			10	%		9	%
Dividends on preferred shares		7,963			7,964			7,967			—			—
Net income applicable to common shares	$	156,656		$	141,179		$	143,033			11	%		10	%
Net income per common share—diluted	$	0.19		$	0.17		$	0.17			12	%		12	%
Cash dividends declared per common share		0.05			0.05			0.05			—			—
Book value per common share at end of period		7.17			6.99			6.49			3			11
Tangible book value per common share at end of period		6.48			6.31			5.87			3			10
Average common shares—basic		821,546			829,659			834,730			(1	)		(2	)
Average common shares—diluted		834,687			842,677			843,840			(1	)		(1	)
Return on average assets		1.07	%		1.01	%		1.08	%
Return on average common shareholders’ equity		10.8			9.9			10.4
Return on average tangible common shareholders’ equity(2)		12.4			11.3			12.1
Net interest margin(3)		3.28			3.27			3.38
Efficiency ratio(4)		62.7			66.4			63.7
Noninterest Income/Total Revenue		34.9			35.9			36.9
Effective tax rate		25.9			25.9			26.8
Average loans and leases	$	45,023,793		$	43,423,355		$	41,280,065			4			9
Average loans and leases—linked quarter annualized growth rate		14.7	%		2.6	%		4.1	%
Average earning assets	$	57,076,706		$	54,961,237		$	51,156,168			4			12
Average total assets		61,830,210			59,692,484			55,889,271			4			11
Average core deposits(5)		45,611,033			45,194,597			43,768,948			1			4
Average core deposits—linked quarter annualized growth rate		3.7	%		4.0	%		1.4	%
Average shareholders’ equity	$	6,227,809		$	6,182,891		$	5,888,206			1			6
Total assets at end of period		63,797,113			61,145,753			56,103,819			4			14
Total shareholders’ equity at end of period		6,240,791			6,176,234			5,773,647			1			8
Net charge-offs (NCOs)		28,643			42,986			34,790			(33	)		(18	)
NCOs as a % of average loans and leases		0.25	%		0.40	%		0.34	%
Nonaccrual loans and leases (NALs)	$	324,957		$	327,158		$	363,546			(1	)		(11	)
NAL ratio		0.71	%		0.74	%		0.87	%
Nonperforming assets (NPAs)(6)	$	362,092		$	365,289		$	396,699			(1	)		(9	)
NPA ratio(6)		0.79	%		0.82	%		0.95	%		(4	)		(17	)
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period		1.38			1.42			1.76
ALLL plus allowance for unfunded loan commitments and letters of credit (ACL) as a % of total loans and leases at the end of period		1.50			1.56			1.86
ACL as a % of NALs		213			211			214
ACL as a % of NPAs		191			191			196
Tier 1 leverage ratio (7)		10.01			10.32			10.64
Tier 1 common risk-based capital ratio(7)		10.26			10.60			10.71
Tier 1 risk-based capital ratio (7)		11.56			11.95			12.24
Total risk-based capital ratio (7)		13.67			14.13			14.57
Tangible common equity / tangible assets ratio(8)		8.38			8.63			8.76

See Notes to the Quarterly Key Statistics.

1

Huntington Bancshares Incorporated

Year To Date Key Statistics⁽¹⁾

(Unaudited)

	Six Months Ended June 30,						Change
(dollar amounts in thousands, except per share amounts)	2014			2013			Amount			Percent
Net interest income	$	897,554		$	849,107		$	48,447			6	%
Provision for credit losses		54,015			54,314			(299	)		(1	)
Noninterest income		498,552			508,537			(9,985	)		(2	)
Noninterest expense		918,757			888,658			30,099			3
Income before income taxes		423,334			414,672			8,662			2
Provision for income taxes		109,572			110,398			(826	)		(1	)
Net Income	$	313,762		$	304,274		$	9,488			3	%
Dividends on preferred shares		15,927			15,937			(10	)		—
Net income applicable to common shares	$	297,835		$	288,337		$	9,498			3	%
Net income per common share—diluted	$	0.36		$	0.34		$	0.02			6	%
Cash dividends declared per common share		0.10			0.09			0.01			11
Average common shares—basic		825,603			837,917			(12,314	)		(1	)
Average common shares—diluted		838,546			846,274			(7,707	)		(1	)
Return on average assets		1.04	%		1.10	%
Return on average common shareholders’ equity		10.3			10.6
Return on average tangible common shareholders’ equity(2)		12.4			12.9
Net interest margin(3)		3.28			3.40
Efficiency ratio(4)		64.5			63.3
Noninterest Income/Total Revenue		35.4			37.1
Effective tax rate		25.9			26.6
Average loans and leases	$	44,227,995		$	41,073,143		$	3,154,852			8	%
Average earning assets		56,024,815			51,058,609			4,966,206			10
Average total assets		60,767,252			55,809,144			4,958,109			9
Average core deposits(5)		45,403,965			43,692,717			1,711,248			4
Average shareholders’ equity		6,205,474			5,861,347			344,127			6
Net charge-offs (NCOs)		71,629			86,477			(14,848	)		(17	)
NCOs as a % of average loans and leases		0.32	%		0.42	%		(0.10	)		(23	)

See Notes to the Annual and Quarterly Key Statistics.

2

Key Statistics Footnotes

⁽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 other real estate owned.

⁽⁷⁾  June 30, 2014, figures are estimated.

⁽⁸⁾  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

	2014			2013						Percent Changes vs.
(dollar amounts in thousands, except number of shares)	June 30,			December 31,			June 30,			4Q13			2Q13
	(Unaudited)						(Unaudited)
Assets
Cash and due from banks	$	1,218,453		$	1,001,132		$	993,906			22	%		23	%
Interest-bearing deposits in banks		69,634			57,043			76,715			22			(9	)
Trading account securities		50,541			35,573			80,927			42			(38	)
Loans held for sale		317,862			326,212			458,275			(3	)		(31	)
Available-for-sale and other securities		8,491,037			7,308,753			6,815,658			16			25
Held-to-maturity securities		3,621,995			3,836,667			2,172,229			(6	)		67
Loans and leases(1)		46,079,775			43,120,500			41,739,847			7			10
Allowance for loan and lease losses		(635,101	)		(647,870	)		(733,076	)		(2	)		(13	)
Net loans and leases		45,444,674			42,472,630			41,006,771			7			11
Bank owned life insurance		1,693,991			1,647,170			1,620,604			3			5
Premises and equipment		622,289			634,657			626,745			(2	)		(1	)
Goodwill		505,448			444,268			444,268			14			14
Other intangible assets		81,460			93,193			113,874			(13	)		(28	)
Accrued income and other assets		1,679,729			1,609,876			1,693,847			4			(1	)
Total assets	$	63,797,113		$	59,467,174		$	56,103,819			7	%		14	%
Liabilities and shareholders’ equity
Liabilities
Deposits(2)	$	48,748,765		$	47,506,718		$	46,331,434			3	%		5	%
Short-term borrowings		1,252,409			552,143			630,405			127			99
Federal Home Loan Bank advances		2,883,173			1,808,293			983,420			59			193
Other long-term debt		2,602,869			1,349,119			155,126			93			1,578
Subordinated notes		983,310			1,100,860			1,114,368			(11	)		(12	)
Accrued expenses and other liabilities		1,085,796			1,059,888			1,115,419			2			(3	)
Total liabilities		57,556,322			53,377,021			50,330,172			8			14
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			—			—
Common stock—Par value of $0.01		8,182			8,322			8,310			(2	)		(2	)
Capital surplus		7,279,244			7,398,515			7,390,041			(2	)		(1	)
Less treasury shares, at cost		(9,071	)		(9,643	)		(10,719	)		(6	)		(15	)
Accumulated other comprehensive loss		(159,727	)		(214,009	)		(283,736	)		(25	)		(44	)
Retained earnings		(1,264,129	)		(1,479,324	)		(1,716,541	)		(15	)		(26	)
Total shareholders’ equity		6,240,791			6,090,153			5,773,647			2			8
Total liabilities and shareholders’ equity	$	63,797,113		$	59,467,174		$	56,103,819			7	%		14	%
Common shares authorized (par value of $0.01)		1,500,000,000			1,500,000,000			1,500,000,000
Common shares issued		818,248,450			832,217,098			831,030,258
Common shares outstanding		817,002,296			830,963,427			829,674,914
Treasury shares outstanding		1,246,154			1,253,671			1,355,344
Preferred shares issued		1,967,071			1,967,071			1,967,071
Preferred shares outstanding		398,007			398,007			398,007

⁽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

(Unaudited)

	2014								2013
(dollar amounts in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
Ending Balances by Type:
Commercial:(1)
Commercial and industrial	$	18,899	41	%	$	18,046	41	%	$	17,594	41	%	$	17,335	41	%	$	17,113		41	%
Commercial real estate:
Construction		757	2			692	2			557	1			544	1			607		1
Commercial		4,233	9			4,339	10			4,293	10			4,328	10			4,286		10
Commercial real estate		4,990	11			5,031	12			4,850	11			4,872	11			4,893		11
Total commercial		23,889	52			23,077	53			22,444	52			22,207	52			22,006		52
Consumer:
Automobile		7,686	17			6,999	16			6,639	15			6,317	15			5,810		14
Home equity		8,405	18			8,373	19			8,336	19			8,347	20			8,369		20
Residential mortgage		5,707	12			5,542	12			5,321	12			5,307	12			5,168		12
Other consumer		393	1			363	—			380	2			378	1			387		2
Total consumer		22,191	48			21,277	47			20,676	48			20,349	48			19,734		48
Total loans and leases	$	46,080	100	%	$	44,354	100	%	$	43,120	100	%	$	42,556	100	%	$	41,740		100	%
Ending Balances by Business Segment:(2)
Retail and Business Banking	$	13,096	29	%	$	13,027	29	%	$	12,710	30	%	$	12,639	30	%	$	12,605		30	%
Commercial Banking		11,846	26			10,962	25			10,735	25			10,988	26			10,755		26
AFCRE		14,762	33			14,125	32			13,568	31			12,841	30			12,433		30
RBHPCG		2,883	5			2,875	7			2,850	7			2,833	7			2,830		7
Home Lending		3,366	7			3,229	7			3,206	7			3,214	8			3,127		7
Treasury / Other		127	—			136	—			51	—			41	—			(10	)	—
Total loans and leases	$	46,080	100	%	$	44,354	100	%	$	43,120	100	%	$	42,556	100	%	$	41,740		100	%
									2013
	Second				First				Fourth				Third				Second
Average Balances by Business Segment:(2)
Retail and Business Banking	$	13,040	29	%	$	12,807	29	%	$	12,675	29	%	$	12,589	30	%	$	12,643		31	%
Commercial Banking		11,292	25			10,861	25			11,122	26			10,780	26			10,690		26
AFCRE		14,460	32			13,679	32			13,216	31			12,558	30			11,999		29
RBHPCG		2,879	7			2,840	7			2,835	7			2,825	7			2,826		7
Home Lending		3,289	7			3,198	7			3,223	7			3,184	8			3,099		8
Treasury / Other		63	—			38	—			68	—			58	—			22		—
Total loans and leases	$	45,023	100	%	$	43,423	100	%	$	43,139	100	%	$	41,994	100	%	$	41,279		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.

⁽²⁾  During the first quarter of 2014, we reorganized our business segments.

5

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)

	2014								2013
(dollar amounts in millions)	June 30,				March 31,				December 31,				September 30,				June 30,
Ending Balances by Type:
Demand deposits—noninterest-bearing	$	14,151	29	%	$	14,314	29	%	$	13,650	29	%	$	13,421	29	%	$	13,491	29	%
Demand deposits—interest-bearing		5,921	12			5,970	12			5,880	12			5,856	13			5,977	13
Money market deposits		17,563	36			17,693	36			17,213	36			16,212	34			15,131	33
Savings and other domestic deposits		5,036	10			5,115	10			4,871	10			4,946	11			5,054	11
Core certificates of deposit		3,272	7			3,557	7			3,723	8			4,108	9			4,353	9
Total core deposits		45,943	94			46,649	94			45,337	95			44,543	96			44,006	95
Other domestic deposits of $250,000 or more		241	—			289	1			274	1			268	1			283	1
Brokered deposits and negotiable CDs		2,198	5			2,074	4			1,580	3			1,366	3			1,695	4
Deposits in foreign offices		367	1			337	1			316	1			387	—			347	—
Total deposits	$	48,749	100	%	$	49,349	100	%	$	47,507	100	%	$	46,564	100	%	$	46,331	100	%
Total core deposits:
Commercial	$	20,629	45	%	$	20,507	44	%	$	19,982	44	%	$	19,526	44	%	$	18,922	43	%
Consumer		25,314	55			26,142	56			25,355	56			25,017	56			25,084	57
Total core deposits	$	45,943	100	%	$	46,649	100	%	$	45,337	100	%	$	44,543	100	%	$	44,006	100	%
Ending Balances by Business Segment:(2)
Retail and Business Banking	$	28,836	60	%	$	29,370	62	%	$	28,294	60	%	$	28,163	61	%	$	28,209	61	%
Commercial Banking		9,793	20			10,217	22			10,188	21			9,969	21			9,079	20
AFCRE		1,457	3			1,203	3			1,171	2			1,125	2			1,068	2
RBHPCG		6,124	11			6,267	9			6,094	13			5,876	13			6,195	13
Home Lending		284	1			281	1			330	1			278	1			388	1
Treasury / Other		2,255	5			2,011	4			1,430	3			1,153	2			1,392	3
Total deposits	$	48,749	100	%	$	49,349	100	%	$	47,507	100	%	$	46,564	100	%	$	46,331	100	%
	2014								2013
	Second				First				Fourth				Third				Second
Average Balances by Business Segment:(2)
Retail and Business Banking	$	29,108	60	%	$	28,633	60	%	$	28,424	61	%	$	28,156	61	%	$	28,339	61	%
Commercial Banking		9,780	20			10,060	21			9,861	21			9,604	21			9,017	20
AFCRE		1,183	2			1,142	2			1,114	2			1,064	2			1,002	2
RBHPCG		5,859	12			5,906	12			5,937	13			5,535	12			5,954	13
Home Lending		296	1			257	1			293	1			335	1			412	1
Treasury / Other		2,032	4			1,591	3			1,145	2			1,276	3			1,463	3
Total deposits	$	48,258	100	%	$	47,589	100	%	$	46,774	100	%	$	45,970	100	%	$	46,187	100	%

⁽¹⁾  Comprised primarily of national market deposits.

⁽²⁾  During the first quarter of 2014, we reorganized our business segments.

6

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

	Average Balances
	2014						2013									Percent Changes vs.
(dollar amounts in millions)	Second			First			Fourth			Third			Second			1Q14			2Q13
Assets
Interest-bearing deposits in banks	$	91		$	83		$	71		$	54		$	84			10	%		8	%
Loans held for sale		288			279			322			379			678			3			(58	)
Securities:
Taxable		6,662			6,240			5,818			6,040			6,728			7			(1	)
Tax-exempt		1,290			1,115			548			565			591			16			118
Total available-for-sale and other securities		7,952			7,355			6,366			6,605			7,319			8			9
Trading account securities		45			38			76			76			84			18			(46	)
Held-to-maturity securities—taxable		3,677			3,783			3,038			2,139			1,711			(3	)		115
Securities		11,674			11,176			9,480			8,820			9,114			4			28
Loans and leases:(1)
Commercial and industrial		18,262			17,631			17,671			17,032			17,033			4			7
Commercial real estate:
Construction		702			612			573			565			586			15			20
Commercial		4,345			4,289			4,331			4,345			4,429			1			(2	)
Commercial real estate		5,047			4,901			4,904			4,910			5,015			3			1
Total commercial		23,309			22,532			22,575			21,942			22,048			3			6
Automobile		7,349			6,786			6,502			6,075			5,283			8			39
Home equity		8,376			8,340			8,346			8,341			8,263			—			1
Residential mortgage		5,608			5,379			5,331			5,256			5,225			4			7
Other consumer		382			386			385			380			461			(1	)		(17	)
Total consumer		21,715			20,891			20,564			20,052			19,232			4			13
Total loans and leases		45,024			43,423			43,139			41,994			41,280			4			9
Allowance for loan and lease losses		(642	)		(649	)		(668	)		(717	)		(746	)		(1	)		(14	)
Net loans and leases		44,382			42,774			42,471			41,277			40,534			4			9
Total earning assets		57,077			54,961			53,012			51,247			51,156			4			12
Cash and due from banks		872			904			846			944			940			(4	)		(7	)
Intangible assets		591			535			542			552			563			10			5
All other assets		3,932			3,941			3,917			3,889			3,976			—			(1	)
Total assets	$	61,830		$	59,692		$	57,649		$	55,915		$	55,889			4	%		11	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits—noninterest-bearing	$	13,466		$	13,192		$	13,337		$	13,088		$	12,879			2	%		5	%
Demand deposits—interest-bearing		5,945			5,775			5,755			5,763			5,927			3			—
Total demand deposits		19,411			18,967			19,092			18,851			18,806			2			3
Money market deposits		17,680			17,648			16,827			15,739			15,069			—			17
Savings and other domestic deposits		5,086			4,967			4,912			5,007			5,115			2			(1	)
Core certificates of deposit		3,434			3,613			3,916			4,176			4,778			(5	)		(28	)
Total core deposits		45,611			45,195			44,747			43,773			43,768			1			4
Other domestic deposits of $250,000 or more		262			284			275			268			324			(8	)		(19	)
Brokered deposits and negotiable CDs		2,070			1,782			1,398			1,553			1,779			16			16
Deposits in foreign offices		315			328			354			376			316			(4	)		—
Total deposits		48,258			47,589			46,774			45,970			46,187			1			4
Short-term borrowings		939			883			629			710			701			6			34
Federal Home Loan Bank advances		1,977			1,499			851			549			757			32			161
Subordinated notes and other long-term debt		3,395			2,503			2,244			1,753			1,292			36			163
Total interest-bearing liabilities		41,103			39,282			37,161			35,894			36,058			5			14
All other liabilities		1,033			1,035			1,095			1,054			1,064			—			(3	)
Shareholders’ equity		6,228			6,183			6,056			5,879			5,888			1			6
Total liabilities and shareholders’ equity	$	61,830		$	59,692		$	57,649		$	55,915		$	55,889			4	%		11	%

⁽¹⁾  Includes Nonaccrual Loans

7

Huntington Bancshares Incorporated

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

(Unaudited)

	Interest Income / Expense
	2014				2013
(dollar amounts in thousands)	Second		First		Fourth		Third		Second
Assets
Interest-bearing deposits in banks	$	8	$	6	$	7	$	9	$	57
Loans held for sale		3,072		2,603		3,586		3,699		5,739
Securities:
Available-for-sale and other securities:
Taxable		42,028		38,456		34,554		35,280		38,538
Tax-exempt		10,161		8,440		8,696		5,700		5,829
Total available-for-sale and other securities		52,188		46,896		43,250		40,980		44,367
Trading account securities		79		107		79		43		126
Held-to-maturity securities—taxable		22,614		23,320		18,378		12,220		9,778
Total securities		74,882		70,323		61,708		53,243		54,271
Loans and leases:
Commercial:
Commercial and industrial		161,174		157,016		159,686		160,285		161,543
Commercial real estate:
Construction		7,599		6,108		5,916		5,650		5,829
Commercial		45,690		41,171		43,908		45,525		46,214
Commercial real estate		53,288		47,278		49,824		51,175		52,043
Total commercial		214,462		204,294		209,510		211,460		213,586
Consumer:
Automobile		63,543		59,153		60,080		58,216		52,159
Home equity		86,099		84,634		86,460		86,131		85,796
Residential mortgage		52,896		50,834		50,225		50,111		49,912
Other consumer		6,998		6,534		6,447		6,677		7,650
Total consumer		209,536		201,156		203,212		201,135		195,517
Total loans and leases		423,998		405,450		412,722		412,595		409,103
Total earning assets	$	501,959	$	478,382	$	478,022	$	469,546	$	469,170
Liabilities
Deposits:
Demand deposits—noninterest-bearing	$	—	$	—	$	—	$	—	$	—
Demand deposits—interest-bearing		571		512		630		636		617
Total demand deposits		571		512		630		636		617
Money market deposits		10,548		10,940		11,296		10,211		8,886
Savings and other domestic deposits		2,179		2,459		2,925		3,134		3,416
Core certificates of deposit		6,938		8,387		10,330		11,094		13,410
Total core deposits		20,235		22,299		25,181		25,075		26,329
Other domestic deposits of $250,000 or more		281		289		271		300		406
Brokered deposits and negotiable CDs		1,228		1,246		1,385		2,145		2,746
Deposits in foreign offices		102		104		122		136		110
Total deposits		21,846		23,938		26,959		27,656		29,591
Short-term borrowings		270		150		129		158		179
Federal Home Loan Bank advances		621		453		306		197		272
Subordinated notes and other long-term debt		12,536		10,408		11,781		10,049		7,603
Total interest bearing liabilities		35,274		34,949		39,175		38,060		37,645
Net interest income	$	466,685	$	443,391	$	438,845	$	431,486	$	431,524

⁽¹⁾  Fully-taxable equivalent (FTE) income and expense calculated assuming a 35% tax rate. See page 9 for the FTE adjustment.

8

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin—Yield

(Unaudited)

	Average Rates (2)
	2014						2013
Fully-taxable equivalent basis(1)	Second			First			Fourth			Third			Second
Assets
Interest-bearing deposits in banks		0.04	%		0.03	%		0.04	%		0.07	%		0.27	%
Loans held for sale		4.27			3.74			4.46			3.89			3.39
Securities:
Available-for-sale and other securities:
Taxable		2.52			2.47			2.38			2.34			2.29
Tax-exempt		3.15			3.03			6.34			4.04			3.94
Total available-for-sale and other securities		2.63			2.55			2.72			2.48			2.42
Trading account securities		0.70			1.12			0.42			0.23			0.60
Held-to-maturity securities—taxable		2.46			2.47			2.42			2.29			2.29
Total securities		2.57			2.52			2.60			2.41			2.38
Loans and leases:(2)(3)
Commercial:
Commercial and industrial		3.49			3.56			3.54			3.68			3.75
Commercial real estate:
Construction		4.29			3.99			4.04			3.91			3.93
Commercial		4.16			3.84			3.97			4.10			4.13
Commercial real estate		4.17			3.86			3.98			4.08			4.09
Total commercial		3.64			3.63			3.63			3.77			3.83
Consumer:
Automobile		3.47			3.54			3.67			3.80			3.96
Home equity		4.12			4.12			4.11			4.10			4.16
Residential mortgage		3.77			3.78			3.77			3.81			3.82
Other consumer		7.34			6.84			6.64			6.98			6.66
Total consumer		3.87			3.89			3.93			3.99			4.07
Total loans and leases		3.75			3.75			3.77			3.87			3.95
Total earning assets		3.53	%		3.53	%		3.58	%		3.64	%		3.68	%
Liabilities
Deposits:
Demand deposits—noninterest-bearing		—	%		—	%		—	%		—	%		—	%
Demand deposits—interest-bearing		0.04			0.04			0.04			0.04			0.04
Total demand deposits		0.01			0.01			0.01			0.01			0.01
Money market deposits		0.24			0.25			0.27			0.26			0.24
Savings and other domestic deposits		0.17			0.20			0.24			0.25			0.27
Core certificates of deposit		0.81			0.94			1.05			1.05			1.13
Total core deposits		0.25			0.28			0.32			0.32			0.34
Other domestic deposits of $250,000 or more		0.43			0.41			0.39			0.44			0.50
Brokered deposits and negotiable CDs		0.24			0.28			0.39			0.55			0.62
Deposits in foreign offices		0.13			0.13			0.14			0.14			0.14
Total deposits		0.25			0.28			0.32			0.33			0.36
Short-term borrowings		0.12			0.07			0.08			0.09			0.10
Federal Home Loan Bank advances		0.12			0.12			0.14			0.14			0.14
Subordinated notes and other long-term debt		1.48			1.66			2.10			2.29			2.35
Total interest-bearing liabilities		0.34			0.36			0.42			0.42			0.42
Net interest rate spread		3.19			3.17			3.15			3.20			3.26
Impact of noninterest-bearing funds on margin		0.09			0.10			0.13			0.14			0.12
Net interest margin		3.28	%		3.27	%		3.28	%		3.34	%		3.38	%
Commercial Loan Derivative Impact
(Unaudited)
	Average Rates (2)
	2014						2013
Fully-taxable equivalent basis(1)	Second			First			Fourth			Third			Second
Commercial loans(2)(3)		3.46	%		3.37	%		3.47	%		3.58	%		3.57	%
Impact of commercial loan derivatives		0.18			0.25			0.17			0.19			0.26
Total commercial—as reported		3.64	%		3.63	%		3.63	%		3.77	%		3.83	%
Average 30 day LIBOR		0.15	%		0.16	%		0.17	%		0.19	%		0.20	%

⁽¹⁾  Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 9 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)

	2014				2013
(dollar amounts in thousands, except per share amounts)	Second		First		Fourth		Third		Second
Interest income	$	495,322	$	472,455	$	469,824	$	462,912	$	462,582
Interest expense		35,274		34,949		39,175		38,060		37,645
Net interest income		460,048		437,506		430,649		424,852		424,937
Provision for credit losses		29,385		24,630		24,331		11,400		24,722
Net interest income after provision for credit losses		430,663		412,876		406,318		413,452		400,215
Service charges on deposit accounts		72,633		64,582		69,992		72,918		68,009
Mortgage banking income		22,717		23,089		24,327		23,621		33,659
Trust services		29,581		29,565		30,711		30,470		30,666
Electronic banking		26,491		23,642		24,251		24,282		23,345
Insurance income		15,996		16,496		15,556		17,269		17,187
Brokerage income		17,831		17,071		15,116		16,532		19,546
Bank owned life insurance income		13,865		13,307		13,816		13,740		15,421
Capital markets fees		10,500		9,194		12,332		12,825		12,229
Gain on sale of loans		3,914		3,570		7,144		5,063		3,348
Securities gains (losses)		490		16,970		1,239		98		(410	)
Other income		36,049		30,999		35,407		36,950		28,919
Total noninterest income		250,067		248,485		249,891		253,768		251,919
Personnel costs		260,600		249,477		249,554		229,326		263,862
Outside data processing and other services		54,338		51,490		51,071		49,313		49,898
Net occupancy		28,673		33,433		31,983		35,591		27,656
Equipment		28,749		28,750		28,775		28,191		24,947
Marketing		14,832		10,686		13,704		12,271		14,239
Deposit and other insurance expense		10,599		13,718		10,056		11,155		13,460
Amortization of intangibles		9,520		9,291		10,320		10,362		10,362
Professional services		17,896		12,231		11,567		12,487		9,341
Other expense		33,429		51,045		38,979		34,640		32,100
Total noninterest expense		458,636		460,121		446,009		423,336		445,865
Income before income taxes		222,094		201,240		210,200		243,884		206,269
Provision for income taxes		57,475		52,097		52,029		65,047		55,269
Net income	$	164,619	$	149,143	$	158,171	$	178,837	$	151,000
Dividends on preferred shares		7,963		7,964		7,965		7,967		7,967
Net income applicable to common shares	$	156,656	$	141,179	$	150,206	$	170,870	$	143,033
Average common shares—basic		821,546		829,659		830,590		830,398		834,730
Average common shares—diluted		834,687		842,677		842,324		841,025		843,840
Per common share
Net income—basic	$	0.19	$	0.17	$	0.18	$	0.21	$	0.17
Net income—diluted		0.19		0.17		0.18		0.20		0.17
Cash dividends declared		0.05		0.05		0.05		0.05		0.05
Revenue—fully-taxable equivalent (FTE)
Net interest income	$	460,048	$	437,506	$	430,649	$	424,852	$	424,937
FTE adjustment		6,637		5,885		8,196		6,634		6,587
Net interest income(2)		466,685		443,391		438,845		431,486		431,524
Noninterest income		250,067		248,485		249,891		253,768		251,919
Total revenue(2)	$	716,752	$	691,876	$	688,736	$	685,254	$	683,443

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

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

10

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Income

(Unaudited)

	2014						2013									Percent Changes vs.
(dollar amounts in thousands, except as noted)	Second			First			Fourth			Third			Second			1Q14			2Q13
Mortgage banking income
Origination and secondary marketing	$	14,289		$	14,497		$	14,201		$	15,568		$	27,917			(1	)%		(49	)%
Servicing fees		10,873			10,939			10,809			10,868			10,898			(1	)		—
Amortization of capitalized servicing		(5,951	)		(5,982	)		(6,062	)		(6,783	)		(7,998	)		(1	)		(26	)
Other mortgage banking income		4,213			3,535			3,397			3,685			4,470			19			(6	)
Subtotal		23,424			22,989			22,345			23,338			35,287			2			(34	)
MSR valuation adjustment(1)		(3,046	)		(1,597	)		3,458			173			14,127			91			(122	)
Net trading gains (losses) related to MSR hedging		2,340			1,697			(1,476	)		110			(15,755	)		38			(115	)
Total mortgage banking income	$	22,718		$	23,089		$	24,327		$	23,621		$	33,659			(2	)%		(33	)%
Mortgage originations (in millions)	$	982		$	657		$	841		$	1,176		$	1,282			49	%		(23	)%
Capitalized mortgage servicing rights(2)		159,860			163,279			162,301			158,776			155,522			(2	)		3
Total mortgages serviced for others (in millions)(2)		15,560			15,614			15,239			15,231			15,213			—			2
MSR % of investor servicing portfolio(2)		1.03	%		1.05	%		1.07	%		1.04	%		1.02	%		(2	)		1
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(3,046	)	$	(1,597	)	$	3,458		$	173		$	14,127			91	%		(122	)%
Net trading gains (losses) related to MSR hedging		2,340			1,697			(1,476	)		110			(15,755	)		38			(115	)
Net gain (loss) of MSR hedging	$	(706	)	$	100		$	1,982		$	283		$	(1,628	)		N.R.	%		(57	)%

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

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

⁽²⁾  At period end.

11

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)

	2014						2013
(dollar amounts in thousands)	Second			First			Fourth			Third			Second
Allowance for loan and lease losses, beginning of period	$	631,918		$	647,870		$	666,030		$	733,076		$	746,769
Loan and lease losses		(58,827	)		(73,011	)		(73,684	)		(85,252	)		(63,238	)
Recoveries of loans previously charged off		30,184			30,025			27,237			29,510			28,448
Net loan and lease losses		(28,643	)		(42,986	)		(46,447	)		(55,742	)		(34,790	)
Provision for loan and lease losses		31,826			28,161			28,289			(11,234	)		21,354
Allowance of assets sold or transferred to loans held for sale		—			(1,127	)		(2	)		(70	)		(257	)
Allowance for loan and lease losses, end of period	$	635,101		$	631,918		$	647,870		$	666,030		$	733,076
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	59,368		$	62,899		$	66,857		$	44,223		$	40,855
Provision for (reduction in) unfunded loan commitments and letters of credit losses		(2,441	)		(3,531	)		(3,958	)		22,634			3,368
Allowance for unfunded loan commitments and letters of credit, end of period	$	56,927		$	59,368		$	62,899		$	66,857		$	44,223
Total allowance for credit losses, end of period	$	692,028		$	691,286		$	710,769		$	732,887		$	777,299
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		1.38	%		1.42	%		1.50	%		1.57	%		1.76	%
Nonaccrual loans and leases (NALs)		195			193			201			200			202
Nonperforming assets (NPAs)		175			174			184			178			185
Total allowance for credit losses (ACL) as % of:
Total loans and leases		1.50	%		1.56	%		1.65	%		1.72	%		1.86	%
Nonaccrual loans and leases		213			211			221			220			214
Nonperforming assets		191			191			202			196			196

12

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

	2014						2013
(dollar amounts in thousands)	Second			First			Fourth			Third			Second
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	10,597		$	8,606		$	9,826		$	1,661		$	1,586
Commercial real estate:
Construction		(171	)		918			(88	)		6,165			1,079
Commercial		(2,020	)		(1,905	)		(2,783	)		6,398			1,305
Commercial real estate		(2,191	)		(987	)		(2,871	)		12,563			2,384
Total commercial		8,406			7,619			6,955			14,224			3,970
Consumer:
Automobile		2,926			4,642			3,759			2,721			1,463
Home equity		8,491			15,687			20,451			27,175			14,654
Residential mortgage		3,406			7,859			7,605			4,789			8,620
Other consumer		5,414			7,179			7,677			6,833			6,083
Total consumer		20,237			35,367			39,492			41,518			30,820
Total net charge-offs	$	28,643		$	42,986		$	46,447		$	55,742		$	34,790
Net charge-offs—annualized percentages:
Commercial:
Commercial and industrial		0.23	%		0.20	%		0.22	%		0.04	%		0.04	%
Commercial real estate:
Construction		(0.10	)		0.60			(0.06	)		4.36			0.74
Commercial		(0.19	)		(0.18	)		(0.26	)		0.59			0.12
Commercial real estate		(0.17	)		(0.08	)		(0.23	)		1.02			0.19
Total commercial		0.14			0.14			0.12			0.26			0.07
Consumer:
Automobile		0.16			0.27			0.23			0.18			0.11
Home equity		0.41			0.75			0.98			1.30			0.71
Residential mortgage		0.24			0.58			0.57			0.36			0.66
Other consumer		5.66			7.44			7.98			7.19			5.28
Total consumer		0.37			0.68			0.77			0.83			0.64
Net charge-offs as a % of average loans		0.25	%		0.40	%		0.43	%		0.53	%		0.34	%

13

Huntington Bancshares Incorporated

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

(Unaudited)

	2014						2013
(dollar amounts in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	75,274		$	57,053		$	56,615		$	68,034		$	80,037
Commercial real estate		65,398			71,344			73,417			80,295			93,643
Automobile		4,384			6,218			6,303			5,972			7,743
Residential mortgage		110,635			121,681			119,532			116,260			122,040
Home equity		69,266			70,862			66,189			62,545			60,083
Total nonaccrual loans and leases		324,957			327,158			322,056			333,106			363,547
Other real estate, net:
Residential		31,761			30,581			23,447			16,610			17,353
Commercial		2,934			5,110			4,217			12,544			3,713
Total other real estate, net		34,695			35,691			27,664			29,154			21,066
Other NPAs (1)		2,440			2,440			2,440			12,000			12,087
Total nonperforming assets	$	362,092		$	365,289		$	352,160		$	374,259		$	396,699
Nonaccrual loans and leases as a % of total loans and leases		0.71	%		0.74	%		0.75	%		0.78	%		0.87	%
NPA ratio(2)		0.79			0.82			0.82			0.88			0.95
(NPA+90days)/(Loan+OREO)(3)		1.08			1.17			1.20			1.29			1.38
	2014						2013
	Second			First			Fourth			Third			Second
Nonperforming assets, beginning of period	$	365,289		$	352,160		$	374,260		$	396,699		$	415,495
New nonperforming assets		123,601			117,804			109,454			139,767			101,840
Returns to accruing status		(23,000	)		(9,333	)		(12,367	)		(31,293	)		(18,915	)
Loan and lease losses		(54,646	)		(47,596	)		(55,750	)		(65,823	)		(40,546	)
OREO (losses) gains		2,344			353			535			1,053			1,874
Payments		(41,947	)		(39,233	)		(51,323	)		(61,116	)		(54,242	)
Sales		(9,549	)		(8,866	)		(12,649	)		(5,027	)		(8,807	)
Nonperforming assets, end of period	$	362,092		$	365,289		$	352,160		$	374,260		$	396,699

⁽¹⁾  Other nonperforming assets includes certain impaired investment securities.

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

⁽³⁾  The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate.

14

Huntington Bancshares Incorporated

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

(Unaudited)

	2014						2013
(dollar amounts in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	9,977		$	11,554		$	14,562		$	19,217		$	24,851
Commercial real estate		27,267			36,711			39,142			44,026			45,051
Automobile		2,895			4,252			5,055			3,599			3,392
Residential mortgage (excluding loans guaranteed by the U.S. Government)		29,709			29,534			2,469			13,978			5,217
Home equity		14,912			15,494			13,983			13,044			14,245
Other consumer		607			867			998			1,102			1,367
Total, excl. loans guaranteed by the U.S. Government		85,367			98,412			76,209			94,966			94,123
Add: loans guaranteed by U.S. Government		51,641			56,484			87,985			81,770			87,135
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	137,008		$	154,896		$	164,194		$	176,736		$	181,258
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.19	%		0.22	%		0.18	%		0.22	%		0.23	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.11			0.13			0.20			0.20			0.21
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.30			0.35			0.38			0.42			0.43
Accruing troubled debt restructured loans:
Commercial and industrial	$	90,604		$	102,970		$	83,857		$	85,687		$	94,583
Commercial real estate		212,736			210,876			204,668			204,597			184,372
Automobile		31,833			27,393			30,781			30,981			32,768
Home equity (1)		221,539			202,044			188,266			153,591			135,759
Residential mortgage		289,239			284,194			305,059			300,809			293,933
Other consumer		3,496			1,727			1,041			959			3,383
Total accruing troubled debt restructured loans	$	849,447		$	829,204		$	813,672		$	776,624		$	744,798
Nonaccruing troubled debt restructured loans:
Commercial and industrial	$	6,677		$	7,197		$	7,291		$	8,643		$	14,541
Commercial real estate		24,396			27,972			23,981			22,695			26,118
Automobile		4,287			5,676			6,303			5,972			7,743
Home equity		22,264			20,992			20,715			11,434			10,227
Residential mortgage		81,546			84,441			82,879			77,525			80,563
Other consumer		120			120			—			—			—
Total nonaccruing troubled debt restructured loans	$	139,290		$	146,398		$	141,169		$	126,269		$	139,192

(1) The 2013 second quarter includes a $43.1 million reduction of home equity TDRs incorrectly reflected as new TDRs in the 2013 first quarter.

15

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Capital, and Other Data

(Unaudited)

Quarterly common stock summary

	2014						2013
(dollar amounts in thousands, except per share amounts)	Second			First			Fourth			Third			Second
Common stock price, per share
High(1)	$	10.290		$	10.010		$	9.730		$	8.780		$	7.960
Low(1)		8.890			8.720			8.040			7.900			6.820
Close		9.540			9.970			9.650			8.260			7.870
Average closing price		9.406			9.499			8.982			8.445			7.457
Dividends, per share
Cash dividends declared per common share	$	0.05		$	0.05		$	0.05		$	0.05		$	0.05
Common shares outstanding
Average—basic		821,546			829,659			830,590			830,398			834,730
Average—diluted		834,687			842,677			842,324			841,025			843,840
Ending		817,002			827,772			830,963			830,145			829,675
Book value per common share	$	7.17		$	6.99		$	6.86		$	6.70		$	6.49
Tangible book value per common share(2)		6.48			6.31			6.26			6.09			5.87
Common share repurchases
Number of shares repurchased		12,158			14,571			—			1,974			9,996
	2014						2013
(dollar amounts in millions)	June 30,			March 31,			December 31,			September 30,			June 30,
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	6,241		$	6,176		$	6,090		$	5,952		$	5,774
Less: goodwill		(505	)		(505	)		(444	)		(444	)		(444	)
Less: other intangible assets		(81	)		(91	)		(93	)		(104	)		(114	)
Add: related deferred tax liability(2)		29			32			33			36			40
Total tangible equity		5,683			5,612			5,586			5,440			5,256
Less: preferred equity		(386	)		(386	)		(386	)		(386	)		(386	)
Total tangible common equity	$	5,297		$	5,226		$	5,200		$	5,054		$	4,870
Total assets	$	63,797		$	61,146		$	59,467		$	56,639		$	56,104
Less: goodwill		(505	)		(505	)		(444	)		(444	)		(444	)
Less: other intangible assets		(81	)		(91	)		(93	)		(104	)		(114	)
Add: related deferred tax liability(2)		29			32			33			36			40
Total tangible assets	$	63,239		$	60,582		$	58,963		$	56,127		$	55,586
Tangible equity / tangible asset ratio		8.99	%		9.26	%		9.47	%		9.69	%		9.46	%
Tangible common equity / tangible asset ratio		8.38			8.63			8.82			9.01			8.76
Tier 1 common risk-based capital ratio:(4)
Tier 1 capital	$	6,132		$	6,107		$	6,100		$	6,018		$	5,885
Shareholders’ preferred equity		(386	)		(386	)		(386	)		(386	)		(386	)
Trust preferred securities		(304	)		(304	)		(299	)		(299	)		(299	)
REIT preferred stock		—			—			—			(50	)		(50	)
Tier 1 common	$	5,442		$	5,417		$	5,415		$	5,283		$	5,150
Total risk-weighted assets(4)	$	53,035		$	51,120		$	49,690		$	48,687		$	48,080
Tier 1 common risk-based capital ratio(4)		10.26	%		10.60	%		10.90	%		10.85	%		10.71	%
Other capital data:
Tier 1 leverage ratio(4)		10.01			10.32			10.67			10.85			10.64
Tier 1 risk-based capital ratio(4)		11.56			11.95			12.28			12.36			12.24
Total risk-based capital ratio(4)		13.67			14.13			14.57			14.67			14.57
Tangible common equity / risk-weighted assets ratio(4)		9.99			10.22			10.46			10.38			10.13
Other data:
Number of employees (Average full-time equivalent)		12,000			11,848			11,765			12,080			12,063
Number of domestic full-service branches(3)		730			727			711			731			727

⁽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 Regional Banking and The Huntington Private Client Group offices.

⁽⁴⁾  June 30, 2014, figures are estimated and are presented on a basel 1 basis.

16

Huntington Bancshares Incorporated

Consolidated Year To Date Average Balance Sheets

(Unaudited)

	YTD Average Balances
	Six Months Ended June 30,						Change
(dollar amounts in millions)	2014			2013			Amount			Percent
Assets
Interest bearing deposits in banks	$	87		$	78		$	9			12	%
Loans held for sale		283			694			(411	)		(59	)
Available-for-sale and other securities:
Taxable		6,452			6,845			(393	)		(6	)
Tax-exempt		1,203			570			633			111
Total available-for-sale and other securities		7,655			7,415			240			3
Trading account securities		42			85			(43	)		(51	)
Held-to-maturity securities—taxable		3,730			1,714			2,016			118
Total Securities		11,427			9,214			2,213			24
Loans and leases:(1)
Commercial:
Commercial and industrial		17,948			16,994			954			6
Commercial real estate:
Construction		657			592			65			11
Commercial		4,317			4,561			(244	)		(5	)
Commercial real estate		4,974			5,153			(179	)		(3	)
Total commercial		22,922			22,147			775			3
Consumer:
Automobile		7,069			5,058			2,011			40
Home equity		8,358			8,277			81			1
Residential mortgage		5,494			5,102			392			8
Other consumer		384			488			(104	)		(21	)
Total consumer		21,305			18,925			2,380			13
Total loans and leases		44,227			41,072			3,155			8
Allowance for loan and lease losses		(645	)		(758	)		113			(15	)
Net loans and leases		43,582			40,314			3,268			8
Total earning assets		56,024			51,058			4,966			10
Cash and due from banks		888			922			(34	)		(4	)
Intangible assets		563			567			(4	)		(1	)
All other assets		3,937			4,020			(83	)		(2	)
Total assets	$	60,767		$	55,809		$	4,958			9	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits—noninterest-bearing	$	13,330		$	12,524		$	806			6	%
Demand deposits—interest-bearing		5,860			5,952			(92	)		(2	)
Total demand deposits		19,190			18,476			714			4
Money market deposits		17,664			15,057			2,607			17
Savings and other domestic deposits		5,027			5,099			(72	)		(1	)
Core certificates of deposit		3,523			5,060			(1,537	)		(30	)
Total core deposits		45,404			43,692			1,712			4
Other domestic deposits of $250,000 or more		273			342			(69	)		(20	)
Brokered deposits and negotiable CDs		1,927			1,738			189			11
Deposits in foreign offices		322			328			(6	)		(2	)
Total deposits		47,926			46,100			1,826			4
Short-term borrowings		911			732			179			24
Federal Home Loan Bank advances		1,740			722			1,018			141
Subordinated notes and other long-term debt		2,951			1,320			1,631			124
Total interest-bearing liabilities		40,198			36,350			3,848			11
All other liabilities		1,034			1,074			(40	)		(4	)
Shareholders’ equity		6,205			5,861			344			6
Total liabilities and shareholders’ equity	$	60,767		$	55,809		$	4,958			9	%

⁽¹⁾  Includes nonaccrual loans.

17

Huntington Bancshares Incorporated

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

(Unaudited)

	Interest Income / Expense
	Six Months Ended June 30,
(dollar amounts in thousands)	2014		2013
Assets
Interest bearing deposits in banks	$	14	$	85
Federal funds sold and securities purchased under resale agreements		—		—
Loans held for sale		5,675		11,620
Securities:
Available-for-sale and other securities:
Taxable		80,484		78,724
Tax-exempt		18,599		11,267
Total available-for-sale and other securities		99,083		89,991
Trading account securities		185		234
Held-to-maturity securities—taxable		45,934		19,616
Total Securities		145,202		109,841
Loans and leases:
Commercial:
Commercial and industrial		318,190		323,760
Commercial real estate:
Construction		13,706		11,874
Commercial		86,860		93,192
Commercial real estate		100,566		105,066
Total commercial		418,756		428,826
Consumer:
Automobile		122,697		103,173
Home equity		172,765		171,244
Residential mortgage		103,730		99,265
Other consumer		11,460		16,357
Total consumer		410,652		390,039
Total loans and leases		829,408		818,865
Total earning assets	$	980,299	$	940,411
Liabilities
Deposits:
Demand deposits—noninterest-bearing	$	—	$	—
Demand deposits—interest-bearing		1,083		1,258
Total demand deposits		1,083		1,258
Money market deposits		21,489		17,323
Savings and other domestic deposits		4,638		7,234
Core certificates of deposit		15,324		29,120
Total core deposits		42,534		54,935
Other domestic deposits of $250,000 or more		570		871
Brokered deposits and negotiable CDs		2,475		5,569
Deposits in foreign offices		205		250
Total deposits		45,784		61,625
Short-term borrowings		420		413
Federal Home Loan Bank advances		1,075		574
Subordinated notes and other long-term debt		22,944		16,182
Total interest-bearing liabilities		70,223		78,794
Net interest income	$	910,076	$	861,617

⁽¹⁾  Fully-taxable equivalent (FTE) income and expense calculated assuming a 35% tax rate. See page 19 for the FTE adjustment.

18

Huntington Bancshares Incorporated

Consolidated Year To Date Net Interest Margin—Yield

(Unaudited)

	YTD Average Rates (2)
	Six Months Ended June 30,
Fully-taxable equivalent basis(1)	2014			2013
Assets
Interest bearing deposits in banks		0.03	%		0.22	%
Loans held for sale		4.01			3.35
Securities:
Available-for-sale and other securities:
Taxable		2.49			2.30
Tax-exempt		3.09			3.95
Total available-for-sale and other securities		2.59			2.43
Trading account securities		0.89			0.55
Held-to-maturity securities—taxable		2.46			2.29
Total Securities		2.54			2.38
Loans and leases:(3)
Commercial:
Commercial and industrial		3.53			3.79
Commercial real estate:
Construction		4.15			3.99
Commercial		4.00			4.06
Commercial real estate		4.02			4.06
Total commercial		3.63			3.85
Consumer:
Automobile		3.50			4.11
Home equity		4.12			4.17
Residential mortgage		3.78			3.89
Other consumer		7.09			6.76
Total consumer		3.88			4.15
Total loans and leases		3.75			3.99
Total earning assets		3.53	%		3.71	%
Liabilities
Deposits:
Demand deposits—noninterest-bearing		—	%		—	%
Demand deposits—interest-bearing		0.04			0.04
Total demand deposit		0.01			0.01
Money market deposits		0.25			0.23
Savings and other domestic deposits		0.19			0.29
Core certificates of deposit		0.88			1.16
Total core deposits		0.27			0.36
Other domestic deposits of $250,000 or more		0.42			0.51
Brokered deposits and negotiable CDs		0.26			0.65
Deposits in foreign offices		0.13			0.15
Total deposits		0.27			0.37
Short-term borrowings		0.09			0.11
Federal Home Loan Bank advances		0.12			0.16
Subordinated notes and other long-term debt		1.55			2.45
Total interest bearing liabilities		0.35			0.44
Net interest rate spread		3.18			3.28
Impact of noninterest-bearing funds on margin		0.10			0.12
Net interest margin		3.28	%		3.40	%
Commercial Loan Derivative Impact (Unaudited)
	YTD Average Rates
	Six Months Ended June 30, (2)
Fully-taxable equivalent basis(1)	2014			2013
Commercial loans(2)(3)		3.42	%		3.57	%
Impact of commercial loan derivatives		0.21			0.28
Total commercial—as reported		3.63	%		3.85	%
Average 30 day LIBOR		0.15	%		0.20	%

⁽¹⁾  Fully-taxable equivalent (FTE) yields are calculated assuming a 35% tax rate. See page 19 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 nonacrrual loans.

19

Huntington Bancshares Incorporated

Selected Year To Date Income Statement Data

(Unaudited)

	Six Months Ended June 30,
(dollar amounts in thousands, except per share amounts)	2014		2013			Amount			Percentage
Interest income	$	967,777	$	927,901		$	39,876			4	%
Interest expense		70,223		78,794			(8,571	)		(11	)
Net interest income		897,554		849,107			48,447			6
Provision for credit losses		54,015		54,314			(299	)		(1	)
Net interest income after provision for credit losses		843,539		794,793			48,746			6
Service charges on deposit accounts		137,215		128,892			8,323			6
Mortgage banking income		45,807		78,907			(33,100	)		(42	)
Trust services		59,146		61,826			(2,680	)		(4	)
Electronic banking		50,133		44,058			6,075			14
Insurance income		32,492		36,439			(3,947	)		(11	)
Brokerage income		34,903		37,541			(2,638	)		(7	)
Bank owned life insurance income		27,172		28,863			(1,691	)		(6	)
Capital markets fees		19,694		20,063			(369	)		(2	)
Gain on sale of loans		7,484		5,964			1,520			25
Securities gains (losses)		17,460		(919	)		18,379			N.R.
Other income		67,046		66,903			143			—
Total noninterest income		498,552		508,537			(9,985	)		(2	)
Personnel costs		510,077		522,757			(12,680	)		(2	)
Outside data processing and other services		105,828		99,163			6,665			7
Net occupancy		62,106		57,770			4,336			8
Equipment		57,499		49,827			7,672			15
Marketing		25,518		25,210			308			1
Deposit and other insurance expense		24,317		28,950			(4,633	)		(16	)
Amortization of intangibles		18,811		20,682			(1,871	)		(9	)
Professional services		30,127		16,533			13,594			82
Gain on early extinguishment of debt		—		—			—			—
Other expense		84,474		67,766			16,708			25
Total noninterest expense		918,757		888,658			30,099			3
Income before income taxes		423,334		414,672			8,662			2
Provision for income taxes		109,572		110,398			(826	)		(1	)
Net income	$	313,762	$	304,274		$	9,488			3	%
Dividends on preferred shares		15,927		15,937			(10	)		—
Net income applicable to common shares	$	297,835	$	288,337		$	9,498			3	%
Average common shares—basic		825,603		837,917			(12,314	)		(1	)
Average common shares—diluted		838,546		846,274			(7,707	)		(1	)
Per common share
Net income—basic	$	0.36	$	0.34		$	0.02			6	%
Net income—diluted		0.36		0.34			0.02			6
Cash dividends declared		0.10		0.09			0.01			11
Revenue—fully taxable equivalent (FTE)
Net interest income	$	897,554	$	849,107		$	48,447			6	%
FTE adjustment(2)		12,522		12,510			12			—
Net interest income		910,076		861,617			48,459			6
Noninterest income		498,552		508,537			(9,985	)		(2	)
Total revenue	$	1,408,628	$	1,370,154		$	38,474			3	%

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

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

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

20

Huntington Bancshares Incorporated

Year To Date Mortgage Banking Income

(Unaudited)

	Six Months Ended June 30,						Change
(dollar amounts in thousands, except as noted)	2014			2013			Amount			Percent
Mortgage banking income
Origination and secondary marketing	$	28,785		$	55,246		$	(26,461	)		(48	)%
Servicing fees		21,812			22,139			(327	)		(1	)
Amortization of capitalized servicing		(11,933	)		(15,901	)		3,968			(25	)
Other mortgage banking income		7,749			9,125			(1,376	)		(15	)
Subtotal		46,413			70,609			(24,196	)		(34	)
MSR valuation adjustment(1)		(4,643	)		31,925			(36,568	)		(115	)
Net trading gains (losses) related to MSR hedging		4,037			(23,627	)		27,664			(117	)
Total mortgage banking income	$	45,807		$	78,907		$	(33,100	)		(42	)%
Mortgage originations (in millions)	$	1,639		$	2,401		$	(762	)		(32	)%
Capitalized mortgage servicing rights(2)		159,860			155,522			4,338			3
Total mortgages serviced for others (in millions)(2)		15,560			15,213			347			2
MSR % of investor servicing portfolio		1.03	%		1.02	%		0.01	%		1
Net impact of MSR hedging
MSR valuation adjustment(1)	$	(4,643	)	$	31,925		$	(36,568	)		(115	)%
Net trading gains (losses) related to MSR hedging		4,037			(23,627	)		27,664			(117	)
Net interest income related to MSR hedging		—			—			—			—
Net gain (loss) on MSR hedging	$	(606	)	$	8,298		$	(8,904	)		(107	)%

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

⁽²⁾  At period end.

21

Huntington Bancshares Incorporated

Year To Date Credit Reserves Analysis

(Unaudited)

	Six Months Ended June 30,
(dollar amounts in thousands)	2014			2013
Allowance for loan and lease losses, beginning of period	$	647,870		$	769,075
Loan and lease losses		(131,838	)		(147,380	)
Recoveries of loans previously charged off		60,209			60,903
Net loan and lease losses		(71,629	)		(86,477	)
Provision for loan and lease losses		59,987			50,742
Allowance of assets sold or transferred to loans held for sale		(1,127	)		(264	)
Allowance for loan and lease losses, end of period	$	635,101		$	733,076
Allowance for unfunded loan commitments and letters of credit, beginning of period	$	62,899		$	40,651
Provision for (reduction in) unfunded loan commitments and letters of credit losses		(5,972	)		3,572
Allowance for unfunded loan commitments and letters of credit, end of period	$	56,927		$	44,223
Total allowance for credit losses	$	692,028		$	777,299
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases		1.38	%		1.76	%
Nonaccrual loans and leases (NALs)		195			202
Nonperforming assets (NPAs)		175			185
Total allowance for credit losses (ACL) as % of:
Total loans and leases		1.50	%		1.86	%
Nonaccrual loans and leases (NALs)		213			214
Nonperforming assets (NPAs)		191			196

22

Huntington Bancshares Incorporated

Year To Date Net Charge-Off Analysis

(Unaudited)

	Six Months Ended June 30,
(dollar amounts in thousands)	2014			2013
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	19,203		$	4,903
Commercial real estate:
Construction		747			281
Commercial		(3,925	)		14,880
Commercial real estate		(3,178	)		15,161
Total commercial		16,025			20,064
Consumer:
Automobile		7,568			4,057
Home equity		24,178			34,637
Residential mortgage		11,265			14,768
Other consumer		12,593			12,951
Total consumer		55,604			66,413
Total net charge-offs	$	71,629		$	86,477
Net charge-offs—annualized percentages:
Commercial:
Commercial and industrial		0.21	%		0.06	%
Commercial real estate:
Construction		0.23			0.09
Commercial		(0.18	)		0.65
Commercial real estate		(0.13	)		0.59
Total commercial		0.14			0.18
Automobile		0.21			0.16
Home equity		0.58			0.84
Residential mortgage		0.41			0.58
Other consumer		6.55			5.31
Total consumer		0.52			0.70
Net charge-offs as a % of average loans		0.32	%		0.42	%

23

Huntington Bancshares Incorporated

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

(Unaudited)

	June 30,
(dollar amounts in thousands)	2014			2013
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	75,274		$	80,037
Commercial real estate		65,397			93,643
Automobile		4,384			7,743
Residential mortgage		110,635			122,040
Home equity		69,266			60,083
Total nonaccrual loans and leases		324,957			363,546
Other real estate, net:
Residential		31,761			17,353
Commercial		2,934			3,713
Total other real estate, net		34,695			21,066
Other NPAs (1)		2,440			12,087
Total nonperforming assets	$	362,092		$	396,699
Nonaccrual loans and leases as a % of total loans and leases		0.71	%		0.87	%
NPA ratio(2)		0.79			0.95
	Six Months Ended June 30,
(dollar amounts in thousands)	2014			2013
Nonperforming assets, beginning of period	$	352,160		$	445,775
New nonperforming assets		241,405			216,901
Returns to accruing status		(32,333	)		(38,452	)
Loan and lease losses		(102,242	)		(91,565	)
OREO losses (gains)		2,697			2,714
Payments		(81,180	)		(118,287	)
Sales		(18,415	)		(20,387	)
Nonperforming assets, end of period	$	362,092		$	396,699

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

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

24

Huntington Bancshares Incorporated

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

(Unaudited)

	June 30,
(dollar amounts in thousands)	2014			2013
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	9,977		$	24,851
Commercial real estate		27,267			45,051
Automobile		2,895			3,392
Residential mortgage (excluding loans guaranteed by the U.S. Government)		29,709			5,217
Home equity		14,912			14,245
Other consumer		607			1,367
Total, excl. loans guaranteed by the U.S. Government		85,367			94,123
Add: loans guaranteed by U.S. Government		51,641			87,135
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	137,008		$	181,258
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.19	%		0.23	%
Guaranteed by U.S. Government, as a percent of total loans and leases		0.11			0.21
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases		0.30			0.43
Accruing troubled debt restructured loans:
Commercial and industrial	$	90,604		$	94,583
Commercial real estate		212,736			184,372
Automobile		31,833			32,768
Home equity		221,539			135,759
Residential mortgage		289,239			293,933
Other consumer		3,496			3,383
Total accruing troubled debt restructured loans	$	849,447		$	744,798
Nonaccruing troubled debt restructured loans:
Commercial and industrial	$	6,677		$	14,541
Commercial real estate		24,396			26,118
Automobile		4,287			7,743
Home equity		22,264			10,227
Residential mortgage		81,546			80,563
Other consumer		120			—
Total nonaccruing troubled debt restructured loans	$	139,290		$	139,192

25