Huntington National Bank 2012 Annual Report Download - page 32

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Item 6: Selected Financial Data
Table 1 - Selected Financial Data(1)
Year Ended December 31,
(dollar amounts in thousands, except per share amounts) 2012 2011 2010 2009 2008
Interest income $ 1,930,263 $ 1,970,226 $ 2,145,392 $ 2,238,142 $ 2,798,322
Interest expense 219,739 341,056 526,587 813,855 1,266,631
N
et interest income 1,710,524 1,629,170 1,618,805 1,424,287 1,531,691
Provision for credit losses 147,388 174,059 634,547 2,074,671 1,057,463
N
et interest income after provision for credit losses 1,563,136 1,455,111 984,258 (650,384) 474,228
N
oninterest income 1,097,857 980,623 1,041,858 1,005,644 707,138
N
oninterest expense:
Goodwill impairment --- --- --- 2,606,944 ---
Other noninterest expense 1,835,876 1,728,500 1,673,805 1,426,499 1,477,374
Total noninterest expense 1,835,876 1,728,500 1,673,805 4,033,443 1,477,374
Income (loss) before income taxes 825,117 707,234 352,311 (3,678,183) (296,008)
Provision (benefit) for income taxes 184,095 164,621 39,964 (584,004) (182,202)
N
et income (loss) $ 641,022 $ 542,613 $ 312,347 $ (3,094,179) $ (113,806)
Dividends on preferred shares 31,989 30,813 172,032 174,756 46,400
N
et income (loss) applicable to common shares $ 609,033 $ 511,800 $ 140,315 $ (3,268,935) $ (160,206)
N
et income (loss) per common share - basic $ 0.71 $ 0.59 $ 0.19 $ (6.14) $ (0.44)
N
et income (loss) per common share - diluted 0.71 0.59 0.19 (6.14) (0.44)
Cash dividends declared per common share 0.1600 0.1000 0.0400 0.0400 0.6625
Balance sheet highlights
Total assets (period end) $ 56,153,185 $ 54,450,652 $ 53,819,642 $ 51,554,665 $ 54,352,859
Total long-term debt (period end)(2) 1,364,834 3,097,857 3,813,827 3,802,670 6,870,705
Total shareholders' equity (period end) 5,790,211 5,418,100 4,980,542 5,336,002 7,228,906
Average long-term debt(2) 2,273,140 3,275,913 3,953,177 5,558,001 7,374,681
Average shareholders' equity 5,671,455 5,237,541 5,482,502 5,787,401 6,395,690
Average total assets 55,673,599 53,750,054 52,574,231 52,440,268 54,921,419
Key ratios and statistics
Margin analysis - as a % of average earnings assets
Interest income(3) 3.85 % 4.09 % 4.55 % 4.88 % 5.90 %
Interest expense 0.44 0.71 1.11 1.77 2.65
N
et interest margin(3) 3.41 % 3.38 % 3.44 % 3.11 % 3.25 %
Return on average total assets 1.15 % 1.01 % 0.59 % (5.90) % (0.21)%
Return on average common shareholders' equity 11.5 10.5 3.7 (80.8) (2.8)
Return on average tangible common shareholders'
equity(4), (8) 13.5 12.7 5.6 (22.4) (4.4)
Efficiency ratio(5) 63.4 63.7 60.4 55.4 57.0
Dividend payout ratio 22.5 16.9 21.1 N.R. N.R.
Average shareholders' equity to average assets 10.19 9.74 10.43 11.04 11.65
Effective tax rate (benefit) 22.3 23.3 11.3 (15.9) (61.6)
Tier 1 common risk-based capital ratio (period end)(8) 10.48 10.00 9.29 6.76 5.05
Tangible common equity to tangible assets (period
end) (6), (8) 8.76 8.30 7.56 5.92 4.04
Tangible equity to tangible assets (period end)(7), (8) 9.46 9.02 8.24 9.24 7.72
Tier 1 leverage ratio (period end) 10.36 10.28 9.41 10.09 9.82
Tier 1 risk-based capital ratio (period end) 12.02 12.11 11.55 12.15 10.72
Total risk-based capital ratio (period end) 14.50 14.77 14.46 14.55 13.91
Other data
Full-time equivalent employees (period end) 11,806 11,245 11,341 10,272 10,951
Domestic banking offices (period end) 705 668 620 611 613
N
.R. - Not relevant, as denominator of calculation is a loss in prior period compared with income in current period.