Huntington National Bank 2012 Annual Report Download - page 203
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195
27. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the unaudited quarterly results of operations, for the years ended December 31, 2012 and
2011:
2012
(dollar amounts in thousands, except per share data) Fourth Third Second First
Interest income $ 478,995 $ 483,787 $ 487,544 $ 479,937
Interest expense 44,940 53,489 58,582 62,728
N
et interest income 434,055 430,298 428,962 417,209
Provision for credit losses 39,458 37,004 36,520 34,406
N
oninterest income 297,651 261,067 253,819 285,320
N
oninterest expense 470,628 458,303 444,269 462,676
Income before income taxes 221,620 196,058 201,992 205,447
Provision for income taxes 54,341 28,291 49,286 52,177
N
et income 167,279 167,767 152,706 153,270
Dividends on preferred shares 7,973 7,983 7,984 8,049
N
et income applicable to common shares $ 159,306 $ 159,784 $ 144,722 $ 145,221
N
et income per common share -- Basic $0.19 $0.19 $0.17 $0.17
N
et income per common share -- Diluted 0.19 0.19 0.17 0.17
2011
(dollar amounts in thousands, except per share data) 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
oninterest income 229,352 258,559 255,767 236,945
N
oninterest 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 declared 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
N
et income per common share -- Basic $0.14 $0.16 $ 0.16 $0.14
N
et income per common share -- Diluted 0.14 0.16 0.16 0.14
Item 9: Changes In and Disagreements With Accountants on Accounting and Financial Disclosure
None.