Huntington National Bank 2006 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2006 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED
Table 38 — Quarterly Stock Summary, Key Ratios and Statistics, and Capital Data
Quarterly common stock summary 2006 2005
(in thousands, except per share) Fourth Third Second First Fourth Third Second First
Common stock price, per share
High (1) $ 24.970 $ 24.820 $ 24.410 $ 24.750 $24.640 $25.410 $24.750 $24.780
Low (1) 22.870 23.000 23.120 22.560 20.970 22.310 22.570 22.150
Close 23.750 23.930 23.580 24.130 23.750 22.470 24.140 23.900
Average closing price 24.315 23.942 23.732 23.649 23.369 24.227 23.771 23.216
Dividends, per share
Cash dividends declared on
common stock $ 0.250 $ 0.250 $ 0.250 $ 0.250 $ 0.215 $ 0.215 $ 0.215 $ 0.200
Common shares outstanding
Average — basic 236,426 237,672 241,729 230,968 226,699 229,830 232,217 231,824
Average — diluted 239,881 240,896 244,538 234,363 229,718 233,456 235,671 235,053
Ending 235,474 237,921 237,361 245,183 224,106 229,006 230,842 232,192
Book value per share $ 12.80 $ 13.15 $ 12.38 $ 12.56 $ 11.41 $ 11.45 $ 11.40 $ 11.15
Common share repurchases
Number of shares repurchased 3,050 — 8,100 4,831 5,175 2,598 1,818 —
Quarterly key ratios and statistics
Margin analysis-as a % of average earning assets (2)
Interest income (2) 6.86% 6.73% 6.55% 6.21% 6.01% 5.72% 5.52% 5.21%
Interest expense 3.58 3.51 3.21 2.89 2.67 2.41 2.16 1.90
Net interest margin (2) 3.28% 3.22% 3.34% 3.32% 3.34% 3.31% 3.36% 3.31%
Return on average total assets 0.98% 1.75% 1.25% 1.26% 1.22% 1.32% 1.31% 1.20%
Return on average total shareholders’ equity 11.3 21.0 14.9 15.5 15.5 16.5 16.3 15.5
Capital adequacy 2006 2005
(in millions of dollars) December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31,
Total risk-weighted assets $ 31,155 $ 31,330 $ 31,614 $ 31,298 $29,599 $29,352 $29,973 $30,267
Tier 1 leverage ratio 8.00% 7.99% 7.62% 8.53% 8.34% 8.50% 8.50% 8.45%
Tier 1 risk-based capital ratio 8.93 8.95 8.45 8.94 9.13 9.42 9.18 9.04
Total risk-based capital ratio 12.79 12.81 12.29 12.91 12.42 12.70 12.39 12.33
Tangible equity/asset ratio 6.87 7.13 6.46 6.97 7.19 7.39 7.36 7.42
Tangible equity/risk-weighted assets ratio 7.65 7.97 7.29 7.80 7.91 8.19 8.05 7.84
Average equity/average assets 8.70 8.30 8.39 8.15 7.89 7.97 8.03 7.76
(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.
79