Huntington National Bank 2005 Annual Report Download - page 140

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NOTES TOCONSOLIDATED FINANCIAL STATEMENTS HUNTINGTON BANCSHARES INCORPORATED
27. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the unaudited quarterly results of operations, for the years ended December 31, 2005 and 2004:
2005
(in thousands of dollars, except per share data) Fourth Third Second First
Interest income $ 442,476 $ 420,858 $ 402,326 $ 376,105
Interest expense (198,800) (179,221) (160,426) (140,907)
Net interest income 243,676 241,637 241,900 235,198
Provision for credit losses (30,831) (17,699) (12,895) (19,874)
Non-interest income 147,322 160,740 156,170 168,050
Non-interest expense (230,355) (233,052) (248,136) (258,277)
Income before income taxes 129,812 151,626 137,039 125,097
Provision for income taxes (29,239) (43,052) (30,614) (28,578)
Net income $ 100,573 $ 108,574 $ 106,425 $ 96,519
Net income per common share — Basic $0.44 $0.47 $0.46 $0.42
Net income per common share — Diluted 0.44 0.47 0.45 0.41
2004
(in thousands of dollars, except per share data) Fourth Third Second First
Interest income $ 359,215 $ 338,002 $ 324,167 $ 325,931
Interest expense (120,147) (110,944) (101,604) (103,246)
Net interest income 239,068 227,058 222,563 222,685
Provision for credit losses (12,654) (11,785) (5,027) (25,596)
Non-interest income 182,940 189,891 218,128 227,639
Non-interest expense (281,014) (273,423) (282,153) (285,654)
Income before income taxes 128,340 131,741 153,511 139,074
Provision for income taxes (37,201) (38,255) (43,384) (34,901)
Net income $ 91,139 $ 93,486 $ 110,127 $ 104,173
Net income per common share — Basic $0.39 $0.41 $0.48 $0.45
Net income per common share — Diluted 0.39 0.40 0.47 0.45
138