Huntington National Bank 2011 Annual Report Download - page 225

complexes, including fund accounting, transfer agency, administration, and distribution services. Our retirement
plan services business offers fully bundled and third party distribution of a variety of qualified and non-qualified
plan solutions.
Listed below is certain operating basis financial information reconciled to Huntington’s 2011, 2010, and
2009 reported results by business segment:
Income Statements
Retail &
Business
Banking
Regional &
Commercial
Banking
Former
Regional
Banking AFCRE WGH
Treasury/
Other
Huntington
Consolidated
(dollar amounts in thousands)
2011
Net interest income ................. $932,385 $ 244,392 $ 1,176,777 $ 364,449 $199,536 $(111,592) $ 1,629,170
Provision for credit losses ............ 120,018 11,013 131,031 (8,939) 51,967 — 174,059
Noninterest income ................. 405,265 127,315 532,580 77,623 248,764 121,656 980,623
Noninterest expense ................. 947,794 191,701 1,139,495 164,626 356,513 67,866 1,728,500
Provision for income taxes ........... 94,443 59,147 153,590 100,234 13,937 (103,140) 164,621
Operating/reported net income ...... $175,395 $ 109,846 $ 285,241 $ 186,151 $ 25,883 $ 45,338 $ 542,613
2010
Net interest income ................. $867,069 $ 211,511 $ 1,078,580 $ 338,312 $169,201 $ 32,712 $ 1,618,805
Provision for credit losses ............ 157,994 104,705 262,699 184,757 95,586 91,505 634,547
Noninterest income ................. 394,705 111,237 505,942 73,933 338,633 123,350 1,041,858
Noninterest expense ................. 902,186 158,871 1,061,057 155,963 358,707 98,078 1,673,805
Provision (benefit) for income taxes .... 70,558 20,710 91,268 25,033 18,740 (95,077) 39,964
Operating/reported net income (loss) .... $131,036 $ 38,462 $ 169,498 $ 46,492 $ 34,801 $ 61,556 $ 312,347
2009
Net interest income ................. $810,658 $ 190,955 $ 1,001,613 $ 277,450 $164,335 $ (19,111) $ 1,424,287
Provision for credit losses ............ 470,152 393,984 864,136 1,096,030 128,551 (14,046) 2,074,671
Noninterest income ................. 415,471 95,705 511,176 63,929 267,695 162,844 1,005,644
Noninterest expense,
excluding goodwill impairment ........ 796,714 136,885 933,599 150,200 300,799 41,901 1,426,499
Goodwill impairment ................ — — 2,573,818 (1) — — 33,126 2,606,944
Provision (benefit) for income taxes .... (14,258) (85,473) (99,731) (316,697) 937 (168,513) (584,004)
Operating/reported net income (loss) .... $(26,479) $(158,736) $(2,759,033) $ (588,154) $ 1,743 $ 251,265 $(3,094,179)
(1) Represents the 2009 first quarter goodwill impairment charge associated with the former Regional Banking
segment. The allocation of this amount to the new business segments was not practical.
Assets at
December 31,
Deposits at
December 31,
2011 2010 2011 2010
(dollar amounts in millions)
Retail and Business Banking ...................... $13,889 $13,088 $27,536 $29,298
Regional and Commercial Banking ................ 10,186 8,720 4,683 3,538
AFCRE ...................................... 12,873 13,233 881 753
WGH ........................................ 7,474 6,971 9,115 7,449
Treasury / Other ............................... 10,029 11,808 1,065 816
Total ........................................ $54,451 $53,820 $43,280 $41,854
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