Huntington National Bank 2005 Annual Report Download - page 103

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY HUNTINGTON BANCSHARES INCORPORATED
Accumulated
Other
Preferred Stock Common Stock Treasury Stock Comprehensive Retained
(in thousands) Shares Amount Shares Amount Shares Amount Income (Loss) Earnings Total
Balance — January 1, 2003 — $— 257,866 $ 2,484,421 (24,987) $ (475,399) $ 62,300 $ 118,471 $ 2,189,793
Comprehensive income:
Net income 372,363 372,363
Unrealized net losses on investment
securities arising during the year,
net of reclassification of
net realized gains (47,427) (47,427)
Unrealized losses on cash flow hedging
derivatives (11,081) (11,081)
Minimum pension liability adjustment (1,114) (1,114)
Total comprehensive income 312,741
Cash dividends declared
($0.67 per share) (153,476) (153,476)
Stock options exercised (609) 481 8,691 8,082
Treasury shares purchased (4,300) (81,061) (81,061)
Other (270) (52) (807) (1,077)
Balance — December 31, 2003 — — 257,866 2,483,542 (28,858) (548,576) 2,678 337,358 2,275,002
Comprehensive income:
Net income 398,925 398,925
Unrealized net losses on investment
securities arising during the year,
net of reclassification of
net realized gains (22,112) (22,112)
Unrealized gains on cash flow hedging
derivatives 9,694 9,694
Minimum pension liability adjustment (1,163) (1,163)
Total comprehensive income 385,344
Cash dividends declared
($0.75 per share) (172,687) (172,687)
Stock options exercised 678 2,432 46,561 47,239
Other (16) 165 2,756 2,740
Balance — December 31, 2004 — — 257,866 2,484,204 (26,261) (499,259) (10,903) 563,596 2,537,638
Comprehensive income:
Net income 412,091 412,091
Unrealized net losses on investment
securities arising during the year,
net of reclassification of
net realized losses (21,333) (21,333)
Unrealized gains on cash flow hedging
derivatives 10,954 10,954
Minimum pension liability adjustment (811) (811)
Total comprehensive income 400,901
Cash dividends declared
($0.845 per share) (193,843) (193,843)
Stock options exercised 2,999 1,866 36,195 39,194
Treasury shares purchased (9,591) (231,656) (231,656)
Other 4,123 226 1,144 5,267
Balance — December 31, 2005 — $— 257,866 $2,491,326 (33,760) $ (693,576) $ (22,093) $781,844 $2,557,501
See Notes to Consolidated Financial Statements.
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