Huntington National Bank 2007 Annual Report Download - page 118

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25. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the unaudited quarterly results of operations, for the years ended December 31, 2007 and 2006:
(in thousands, except per share data) Fourth Third Second First
2007
Interest income $ 814,398 $ 851,155 $ 542,461 $ 534,949
Interest expense (431,465) (441,522) (289,070) (279,394)
Net interest income 382,933 409,633 253,391 255,555
Provision for credit losses (512,082) (42,007) (60,133) (29,406)
Non-interest income 170,557 204,674 156,193 145,177
Non-interest expense (439,552) (385,563) (244,655) (242,072)
Income (loss) before income taxes (398,144) 186,737 104,796 129,254
(Provision) benefit for income taxes 158,864 (48,535) (24,275) (33,528)
Net income (loss) $(239,280) $ 138,202 $ 80,521 $ 95,726
Net income per common share — Basic $ (0.65) $ 0.38 $ 0.34 $ 0.41
Net income per common share — Diluted (0.65) 0.38 0.34 0.40
(in thousands, except per share data) Fourth Third Second First
2006
Interest income $ 544,841 $ 538,988 $ 521,903 $ 464,787
Interest expense (286,852) (283,675) (259,708) (221,107)
Net interest income 257,989 255,313 262,195 243,680
Provision for credit losses (15,744) (14,162) (15,745) (19,540)
Non-interest income 140,606 97,910 163,019 159,534
Non-interest expense (267,790) (242,430) (252,359) (238,415)
Income before income taxes 115,061 96,631 157,110 145,259
(Provision) benefit for income taxes (27,346) 60,815 (45,506) (40,803)
Net income $ 87,715 $ 157,446 $ 111,604 $ 104,456
Net income per common share — Basic $ 0.37 $ 0.66 $ 0.46 $ 0.45
Net income per common share — Diluted 0.37 0.65 0.46 0.45
116
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS HUNTINGTON BANCSHARES INCORPORATED