Huntington National Bank 2012 Annual Report Download - page 100
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92
Table 51 - Selected Quarterly Income Statement Data(1)
2011
(dollar amounts in thousands, except per share amounts) Fourth Third Second First
Interest income $ 485,216 $ 490,996 $ 492,137 $ 501,877
Interest expense 70,191 84,518 88,800 97,547
N
et interest income 415,025 406,478 403,337 404,330
Provision for credit losses 45,291 43,586 35,797 49,385
N
et interest income after provision for credit losses 369,734 362,892 367,540 354,945
Total noninterest income 229,352 258,559 255,767 236,945
Total noninterest expense 430,274 439,118 428,409 430,699
Income before income taxes 168,812 182,333 194,898 161,191
Provision for income taxes 41,954 38,942 48,980 34,745
N
et income $ 126,858 $ 143,391 $ 145,918 $ 126,446
Dividends on preferred shares 7,703 7,703 7,704 7,703
N
et income applicable to common shares $ 119,155 $ 135,688 $ 138,214 $ 118,743
Common shares outstanding
Average - basic 864,136 863,911 863,358 863,359
Average - diluted(2) 868,156 867,633 867,469 867,237
Ending 864,406 864,075 863,323 863,399
Book value per share $ 5.82 $ 5.83 $ 5.66 $ 5.42
Tangible book value per share(3) 5.18 5.17 5.00 4.74
Per common share
N
et income - basic $ 0.14 $ 0.16 $ 0.16 $ 0.14
N
et income - diluted 0.14 0.16 0.16 0.14
Cash dividends declared 0.04 0.04 0.01 0.01
Common stock price, per share
High(4) $ 5.65 $ 6.74 $ 6.92 $ 7.70
Low(4) 4.67 4.46 6.00 6.38
Close 5.49 4.80 6.56 6.64
Average closing price 5.18 5.37 6.51 6.98
Return on average total assets 0.92 % 1.05 % 1.11 % 0.96 %
Return on average common shareholders' equity 9.3 10.8 11.6 10.3
Return on average tangible common shareholders' equity(5) 11.2 13.0 13.3 12.7
Efficiency ratio(6) 64.0 63.5 62.7 64.7
Effective tax rate (benefit) 24.9 21.4 25.1 21.6
Margin analysis-as a % of average earning assets(7)
Interest income(7) 3.96 % 4.02 % 4.14 % 4.24 %
Interest expense 0.58 0.69 0.74 0.82
N
et interest margin (7) 3.38 % 3.34 % 3.40 % 3.42 %
Revenue - FTE
N
et interest income $ 415,025 $ 406,478 $ 403,337 $ 404,330
FTE adjustment 3,479 3,658 3,834 3,945
N
et interest income(7) 418,504 410,136 407,171 408,275
N
oninterest income 229,352 258,559 255,767 236,945
Total revenue (7) $ 647,856 $ 668,695 $ 662,938 $ 645,220
Continued