Huntington National Bank 2005 Annual Report Download - page 8

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CONSOLIDATED FINANCIAL HIGHLIGHTS
IN THOUSANDS, EXCEPT PER SHARE AMOUNTS 2005 2004 % Change
NET INCOME $ 412,091 $ 398,925 3.3%
PER COMMON SHARE AMOUNTS
Net income per common share – diluted $ 1.77 $ 1.71 3.5%
Cash dividends declared per common share 0.845 0.75 12.7
Book value per share(1) 11.41 10.96 4.1
PERFORMANCE RATIOS
Return on average assets 1.26% 1.27%
Return on average shareholders’ equity 16.0 16.8
Net interest margin(2) 3.33 3.33
Effi ciency ratio(3) 60.0 65.0
Tangible equity/assets ratio(1) 7.19 7.18
CREDIT QUALITY MEASURES
Net charge-offs (NCOs) $ 80,057 $ 78,535 1.9%
NCOs as a % of average loans and leases 0.33% 0.35%
Non-performing loans and leases (NPLs)(1) $ 101,915 $ 63,962 59.3
Non-performing assets (NPAs)(1) 117,155 108,568 7.9
NPAs as a % of total loans and leases and other
real estate (OREO)(1) 0.48% 0.46%
Allowance for credit losses (ACL)
as a % of total loans and leases(1) 1.25 1.29
ACL as a % of NPLs(1) 300 476
ACL as a % of NPAs(1) 261 280
BALANCE SHEET – DECEMBER 31,
Total loans and leases $ 24,472,166 $ 23,560,277 3.9%
Total assets 32,764,805 32,565,497 0.6
Total deposits 22,409,675 20,768,161 7.9
Total shareholders’ equity 2,557,501 2,537,638 0.8
(1) AT DECEMBER 31.
(2) ON A FULLY TAXABLE EQUIVALENT BASIS ASSUMING A 35% TAX RATE.
(3) NON-INTEREST EXPENSE LESS AMORTIZATION OF INTANGIBLE ASSETS DIVIDED BY THE SUM OF FULLY TAXABLE EQUIVALENT NET INTEREST INCOME
AND NON-INTEREST INCOME EXCLUDING SECURITIES GAINS.
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