Huntington National Bank 2012 Annual Report Download - page 37

29
Table 2 - Selected Annual Income Statements (1)
Year Ended December 31,
Change from 2011 Change from 2010
(dollar amounts in thousands, except per share
amounts) 2012 Amount Percent 2011 Amount Percent 2010
Interest income $ 1,930,263 $ (39,963) (2)% $ 1,970,226 $ (175,166) (8)% $ 2,145,392
Interest expense 219,739 (121,317) (36) 341,056 (185,531) (35) 526,587
N
et interest income 1,710,524 81,354 5 1,629,170 10,365 1 1,618,805
Provision for credit losses 147,388 (26,671) (15) 174,059 (460,488) (73) 634,547
N
et interest income after provision fo
r
credit losses 1,563,136 108,025 7 1,455,111 470,853 48 984,258
Service charges on deposit accounts 262,179 18,672 8 243,507 (23,508) (9) 267,015
Mortgage banking income 191,092 107,684 129 83,408 (92,374) (53) 175,782
Trust services 121,897 2,515 2 119,382 6,827 6 112,555
Electronic banking 82,290 (29,407) (26) 111,697 1,463 1 110,234
Brokerage income 72,226 (8,141) (10) 80,367 11,512 17 68,855
Insurance income 71,319 1,849 3 69,470 (6,943) (9) 76,413
Gain on sale of loans 58,182 26,238 82 31,944 25,669 409 6,275
Bank owned life insurance income 56,042 (6,294) (10) 62,336 1,270 2 61,066
Capital markets fees 48,160 11,620 32 36,540 12,654 53 23,886
Securities gains (losses) 4,769 8,450 N.R. (3,681) (3,407) 1,243 (274)
Other income 129,701 (15,952) (11) 145,653 5,602 4 140,051
Total noninterest income 1,097,857 117,234 12 980,623 (61,235) (6) 1,041,858
Personnel costs 988,193 95,659 11 892,534 93,561 12 798,973
Outside data processing and other
services 190,255 1,081 1 189,174 27,360 17 161,814
N
et occupancy 111,160 2,031 2 109,129 1,267 1 107,862
Equipment 102,947 10,403 11 92,544 6,624 8 85,920
Deposit and other insurance expense 68,330 (9,362) (12) 77,692 (19,856) (20) 97,548
Professional services 65,758 (2,858) (4) 68,616 (17,595) (20) 86,211
Marketing 64,263 (1,297) (2) 65,560 9,213 16 56,347
Amortization of intangibles 46,549 (6,769) (13) 53,318 (7,160) (12) 60,478
OREO and foreclosure expense 18,271 265 1 18,006 (21,043) (54) 39,049
Gain on early extinguishment of debt (798) 8,899 (92) (9,697) (9,697) --- ---
Other expense 180,948 9,324 5 171,624 (7,979) (4) 179,603
Total noninterest expense 1,835,876 107,376 6 1,728,500 54,695 3 1,673,805
Income before income taxes 825,117 117,883 17 707,234 354,923 101 352,311
Provision for income taxes 184,095 19,474 12 164,621 124,657 312 39,964
N
et income $ 641,022 $ 98,409 18 % $ 542,613 $ 230,266 74 % $ 312,347
Dividends on preferred shares 31,989 1,176 4 30,813 (141,219) (82) 172,032
N
et income applicable to common shares $ 609,033 $ 97,233 19 % $ 511,800 $ 371,485 265 % $ 140,315
Average common shares - basic 857,962 (5,729) (1)% 863,691 136,757 19 % 726,934
Average common shares - diluted(2) 863,402 (4,222) --- 867,624 138,092 19 729,532
Per common share:
N
et income - basic $ 0.71 $ 0.12 20 % $ 0.59 $ 0.40 211 % $ 0.19
N
et income - diluted 0.71 0.12 20 0.59 0.40 211 0.19
Cash dividends declared 0.16 0.06 60 0.10 0.06 150 0.04
Revenue - FTE
N
et interest income $ 1,710,524 $ 81,354 5 % $ 1,629,170 $ 10,365 1 % $ 1,618,805
FTE adjustment 20,406 5,490 37 14,916 3,839 35 11,077
N
et interest income(3) 1,730,930 86,844 5 1,644,086 14,204 1 1,629,882
N
oninterest income 1,097,857 117,234 12 980,623 (61,235) (6) 1,041,858
Total revenue(3) $ 2,828,787 $ 204,078 8 % $ 2,624,709 $ (47,031) (2)% $ 2,671,740
N
.R. - Not relevant, as denominator of calculation is a loss in prior period compared with income in current period.