Huntington National Bank 2004 Annual Report Download - page 94

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 30 — Stock Summary, Key Ratios and Statistics and Capital Data
Common stock summary 2004 2003
(in thousands, except per share) Fourth Third Second First Fourth Third Second First
Common stock price, per share
High(1) $ 25.380 $ 25.150 $ 23.120 $ 23.780 $ 22.550 $ 20.890 $ 21.540 $ 19.800
Low(1) 23.110 22.700 20.890 21.000 19.850 19.220 18.030 17.780
Close 24.740 24.910 22.980 22.030 22.500 19.850 19.510 18.590
Average closing price 24.241 24.105 22.050 22.501 21.584 20.199 19.790 18.876
Cash dividends per share declared
on common stock $ 0.200 $ 0.200 $ 0.175 $ 0.175 $ 0.175 $ 0.175 $ 0.160 $ 0.160
Common shares outstanding
Average — basic 231,147 229,848 229,429 229,227 228,902 228,715 228,633 231,355
Average — diluted 235,502 234,348 232,659 232,915 231,986 230,966 230,572 232,805
Ending 231,605 230,153 229,476 229,410 229,008 228,870 228,660 228,642
Book value per share $ 10.96 $ 10.69 $ 10.40 $ 10.31 $ 9.93 $ 9.79 $ 9.63 $ 9.43
Common share repurchase program
Number of shares repurchased ———— — — — 4,300
Quarterly key ratios and statistics
Margin analysis — as a % of
average earning assets(2)
Interest income(2) 5.05% 4.89% 4.76% 4.89% 5.11% 5.23% 5.42% 5.72%
Interest expense 1.67 1.59 1.47 1.53 1.69 1.77 1.95 2.09
Net interest margin(2) 3.38% 3.30% 3.29% 3.36% 3.42% 3.46% 3.47% 3.63%
Return on average assets 1.13% 1.18% 1.41% 1.36% 1.22% 1.38% 1.38% 1.36%
Return on average shareholders’
equity 14.6 15.4 19.1 18.4 16.6 18.5 18.0 17.2
Capital data 2004 2003
(in millions of dollars) December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31,
Total risk-adjusted assets $29,542 $28,679 $28,416 $28,247 $28,164 $27,949 $27,456 $27,290
Tier 1 leverage ratio 8.42% 8.36% 8.20% 8.07% 7.98% 7.94% 8.25% 8.22%
Tier 1 risk-based capital ratio 9.08 9.10 8.98 8.74 8.53 8.40 8.32 8.16
Total risk-based capital ratio 12.48 12.53 12.56 12.13 11.95 11.19 11.11 11.04
Tangible equity / Asset ratio 7.18 7.11 6.95 6.97 6.79 6.77 7.06 7.00
Tangible equity / Risk-weighted
assets ratio 7.86 7.83 7.64 7.60 7.31 7.24 7.23 7.10
Average equity / Average assets 7.74 7.67 7.42 7.39 7.32 7.49 7.66 7.89
(1) High and low stock prices are intra-day quotes obtained from NASDAQ.
(2) Presented on a fully taxable equivalent basis assuming a 35% tax rate.
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