Huntington National Bank 2014 Annual Report Download - page 94
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88
Table 46 - Selected Quarterly Income Statement Data (1)
2014
(dollar amounts in thousands, except per share amounts) Fourth Third Second First
Interest income $ 507,625 $ 501,060 $ 495,322 $ 472,455
Interest expense 34,373 34,725 35,274 34,949
N
et interest income 473,252 466,335 460,048 437,506
Provision for credit losses 2,494 24,480 29,385 24,630
N
et interest inco
m
e after provision for credit losses 470,758 441,855 430,663 412,876
Total noninterest income 233,278 247,349 250,067 248,485
Total noninterest expense 483,271 480,318 458,636 460,121
Income before income taxes 220,765 208,886 222,094 201,240
Provision for income taxes 57,151 53,870 57,475 52,097
N
et income $ 163,614 $ 155,016 $ 164,619 $ 149,143
Dividends on preferred shares 7,963 7,964 7,963 7,964
N
et income applicable to common shares $ 155,651 $ 147,052 $ 156,656 $ 141,179
Common shares outstanding
Average - basic 811,967 816,497 821,546 829,659
Average - diluted(2) 825,338 829,623 834,687 842,677
Ending 811,455 814,454 817,002 827,772
Book value per common share $ 7.32 $ 7.24 $ 7.17 $ 6.99
Tangible book value per common share(3) 6.62 6.53 6.48 6.31
Per common share
N
et income - basic $ 0.19 $ 0.18 $ 0.19 $ 0.17
N
et income - diluted 0.19 0.18 0.19 0.17
Cash dividends declared 0.06 0.05 0.05 0.05
Common stock price, per share
High(4) $ 10.74 $ 10.30 $ 10.29 $ 10.01
Low(4) 8.80 9.29 8.89 8.72
Close 10.52 9.73 9.54 9.97
Average closing price 9.97 9.79 9.41 9.50
Return on average total assets 1.00 % 0.97% 1.07 % 1.01 %
Return on average common shareholders' equity 10.3 9.9 10.8 9.9
Return on average tangible common shareholders' equity(5) 11.9 11.4 12.4 11.4
Efficiency ratio(6) 66.2 65.3 62.7 66.4
Effective tax rate 25.9 25.8 25.9 25.9
Margin analysis-as a % of average earning assets(7)
Interest income(7) 3.41 % 3.44 % 3.53 % 3.53 %
Interest expense 0.23 0.24 0.25 0.26
N
et interest margin (7) 3.18 % 3.20 % 3.28 % 3.27 %
Revenue - FTE
N
et interest income $ 473,252 $ 466,335 $ 460,048 $ 437,506
FTE adjustment 7,522 7,506 6,637 5,885
N
et interest income(7) 480,774 473,841 466,685 443,391
N
oninterest income 233,278 247,349 250,067 248,485
Total revenue (7) $ 714,052 $ 721,190 $ 716,752 $ 691,876
Continued