Huntington National Bank 2005 Annual Report Download - page 139

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NOTES TOCONSOLIDATED FINANCIAL STATEMENTS HUNTINGTON BANCSHARES INCORPORATED
Listed below is certain operating basis financial information reconciled to Huntington’s 2005, 2004, and 2003 reported results by
line of business:
Regional Dealer Treasury/ Huntington
INCOME STATEMENTS (in thousands of dollars) Banking Sales PFCMG Other Consolidated
2005
Net interest income $ 780,072 $ 145,578 $ 72,886 $ (36,125) $ 962,411
Provision for credit losses (51,061) (26,073) (4,165) — (81,299)
Non-interest income 311,244 169,792 135,102 16,144 632,282
Non-interest expense (593,137) (185,936) (131,195) (59,552) (969,820)
Income taxes (156,491) (36,177) (25,420) 86,605 (131,483)
Operating earnings and net income as reported $ 290,627 $ 67,184 $ 47,208 $ 7,072 $ 412,091
2004
Net interest income $ 678,288 $ 149,791 $ 61,763 $ 21,532 $ 911,374
Provision for credit losses (7,664) (44,733) (2,665) — (55,062)
Non-interest income 308,493 320,154 134,005 41,740 804,392
Non-interest expense (593,861) (324,229) (124,441) (80,864) (1,123,395)
Income taxes (134,841) (35,344) (24,032) 45,851 (148,366)
Operating earnings 250,415 65,639 44,630 28,259 388,943
Restructuring releases, net of taxes — — — 748 748
Gain on sale of automobile loans, net of taxes — 8,598 — 636 9,234
Net income $ 250,415 $ 74,237 $ 44,630 $ 29,643 $ 398,925
2003
Net interest income $ 605,311 $ 107,223 $ 50,667 $ 85,785 $ 848,986
Provision for credit losses (96,735) (56,612) (10,646) — (163,993)
Non-interest income 317,771 525,957 123,219 49,055 1,016,002
Non-interest expense (562,909) (481,543) (116,872) (60,251) (1,221,575)
Income taxes (92,203) (33,259) (16,229) 18,996 (122,695)
Operating earnings 171,235 61,766 30,139 93,585 356,725
Restructuring releases, net of tax — — — 4,333 4,333
Gain on sale of automobile loans, net of tax — 13,493 — 12,532 26,025
Cumulative effect of change in accounting principle, net of tax — (10,888) — (2,442) (13,330)
Gain on sale of branch offices, net of tax — — — 8,523 8,523
Long-term debt extinguishment, net of tax — — — (9,913) (9,913)
Net income $ 171,235 $ 64,371 $ 30,139 $ 106,618 $ 372,363
Assets Deposits
At December 31, At December 31,
BALANCE SHEETS (in millions of dollars) 2005 2004 2003 2005 2004 2003
Regional Banking $ 18,863 $17,864 $15,042 $ 17,968 $17,411 $15,473
Dealer Sales 5,612 6,100 7,336 65 75 77
PFCMG 2,005 1,959 1,722 1,169 1,176 1,165
Treasury/Other 6,285 6,642 6,419 3,208 2,106 1,772
Total $ 32,765 $32,565 $30,519 $ 22,410 $20,768 $18,487
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