Huntington National Bank 2007 Annual Report Download - page 72

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Table 41 — Quarterly Stock Summary, Key Ratios and Statistics, and Capital Data
(in thousands, except per share) Fourth Third Second First Fourth Third Second First
Quarterly common stock summary 2007 2006
Common stock price, per share
High
(1)
$ 18.390 $ 22.930 $ 22.960 $ 24.140 $ 24.970 $ 24.820 $ 24.410 $ 24.750
Low
(1)
13.500 16.050 21.300 21.610 22.870 23.000 23.120 22.560
Close 14.760 16.980 22.740 21.850 23.750 23.930 23.580 24.130
Average closing price 16.125 18.671 22.231 23.117 24.315 23.942 23.732 23.649
Dividends, per share
Cash dividends declared on common stock $ 0.265 $ 0.265 $ 0.265 $ 0.265 $ 0.250 $ 0.250 $ 0.250 $ 0.250
Common shares outstanding
Average — basic 366,119 365,895 236,032 235,586 236,426 237,672 241,729 230,968
Average — diluted 366,119 368,280 239,008 238,754 239,881 240,896 244,538 234,363
Ending 366,262 365,898 236,244 235,714 235,474 237,921 237,361 245,183
Book value per share $ 16.24 $ 17.08 $ 12.97 $ 12.95 $ 12.80 $ 13.15 $ 12.38 $ 12.56
Tangible book value per share
(2)
$ 7.13 8.10 10.41 10.37 10.21 10.59 9.80 10.04
Common share repurchases
Number of shares repurchased ————3,050 — 8,100 4,831
Quarterly key ratios and statistics
Margin analysis-as a % of average earning assets
(3)
Interest income
(3)
6.88% 7.25% 6.92% 6.98% 6.86% 6.73% 6.55% 6.21%
Interest expense 3.62 3.73 3.66 3.62 3.58 3.51 3.21 2.89
Net interest margin
(3)
3.26% 3.52% 3.26% 3.36% 3.28% 3.22% 3.34% 3.32%
Return on average total assets (1.74)% 1.02% 0.92% 1.11% 0.98% 1.75% 1.25% 1.26%
Return on average total shareholders’ equity (15.3) 8.8 10.6 12.9 11.3 21.0 14.9 15.5
Return on average tangible shareholders’ equity
(4)
(30.7) 19.7 13.5 16.4 14.4 26.8 18.9 17.6
(in millions of dollars) December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31,
Capital adequacy 2007 2006
Total risk-weighted assets $46,044 $45,931 $32,121 $31,473 $31,155 $31,330 $31,614 $31,298
Tier 1 leverage ratio 6.77% 7.57% 9.07% 8.24% 8.00% 7.99% 7.62% 8.53%
Tier 1 risk-based capital ratio 7.51 8.35 9.74 8.98 8.93 8.95 8.45 8.94
Total risk-based capital ratio 10.85 11.58 13.49 12.82 12.79 12.81 12.29 12.91
Tangible equity/asset ratio 5.08 5.70 6.87 7.11 6.93 7.19 6.52 7.02
Tangible equity/risk-weighted assets ratio 5.67 6.46 7.66 7.77 7.72 8.04 7.36 7.86
Average equity/average assets 11.40 11.50 8.66 8.63 8.70 8.30 8.39 8.15
(1) High and low stock prices are intra-day quotes obtained from NASDAQ.
(2) Deferred tax liability related to other intangible assets is calculated assuming a 35% tax rate.
(3) Presented on a fully taxable equivalent basis assuming a 35% tax rate.
(4) Net income less expense for amortization of intangibles (net of tax) for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity
equals average total common shareholders’ equity less other intangible assets and goodwill. Other intangible assets are net of deferred tax.
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MANAGEMENT’S DISCUSSION AND ANALYSIS HUNTINGTON BANCSHARES INCORPORATED