Huntington National Bank 2005 Annual Report Download - page 74

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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 29 — Lines of Business — GAAP Earnings vs. Operating Earnings Reconciliation(1)
(in thousands of dollars) Regional Banking Dealer Sales PFCMG Treasury/Other Total
2005
Net income — GAAP $ 290,627 $ 67,184 $ 47,208 $ 7,072 $412,091
Change from prior year — $ 40,212 (7,053) 2,578 (22,571) 13,166
Change from prior year — % 16.1% (9.5)% 5.8% (76.1)% 3.3%
Net income — operating $290,627 $ 67,184 $ 47,208 $ 7,072 $412,091
Change from prior year — $ 40,212 1,545 2,578 (21,187) 23,148
Change from prior year — % 16.1% 2.4% 5.8% (75.0)% 6.0%
2004
Net income — GAAP $ 250,415 $ 74,237 $ 44,630 $ 29,643 $398,925
Change from prior year — $ 79,180 9,866 14,491 (76,975) 26,562
Change from prior year — % 46.2% 15.3% 48.1% (72.2)% 7.1%
Restructuring releases — — — (748) (748)
Gain on sale of automobile loans — (8,598) — (636) (9,234)
Net income — operating $ 250,415 $ 65,639 $ 44,630 $ 28,259 $ 388,943
Change from prior year — $ 79,180 3,873 14,491 (65,326) 32,218
Change from prior year — % 46.2% 6.3% 48.1% (69.8)% 9.0%
2003
Net income — GAAP $ 171,235 $ 64,371 $ 30,139 $ 106,618 $372,363
Restructuring releases — — — (4,333) (4,333)
Gain on sale of automobile loans — (13,493) — (12,532) (26,025)
Cumulative effect of change in accounting — 10,888 — 2,442 13,330
Gain on sale of branch offices — — — (8,523) (8,523)
Long-term debt extinguishment — — — 9,913 9,913
Net income — operating $ 171,235 $ 61,766 $ 30,139 $ 93,585 $ 356,725
(1) See Significant Factors Influencing Financial Performance section.
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