Huntington National Bank 2008 Annual Report Download - page 81

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Table 52 — Quarterly Stock Summary, Key Ratios and Statistics, and Capital Data
(in thousands, except per share amounts) Fourth Third Second First Fourth Third Second First
Quarterly common stock summary 2008 2007
Common stock price, per share
High
(1)
$ 11.650 $ 13.500 $ 11.750 $ 14.870 $ 18.390 $ 22.930 $ 22.960 $ 24.140
Low
(1)
5.260 4.370 4.940 9.640 13.500 16.050 21.300 21.610
Close 7.660 7.990 5.770 10.750 14.760 16.980 22.740 21.850
Average closing price 8.276 7.510 8.783 12.268 16.125 18.671 22.231 23.117
Dividends, per share
Cash dividends declared on common stock $ 0.1325 $ 0.1325 $ 0.1325 $ 0.265 $ 0.265 $ 0.265 $ 0.265 $ 0.265
Common shares outstanding
Average — basic 366,054 366,124 366,206 366,235 366,119 365,895 236,032 235,586
Average — diluted 366,054 367,361 367,234 367,208 366,119 368,280 239,008 238,754
Ending 366,058 366,069 366,197 366,226 366,262 365,898 236,244 235,714
Book value per share $ 14.61 $ 15.86 $ 15.87 $ 16.13 $ 16.24 $ 17.08 $ 12.97 $ 12.95
Tangible book value per share
(2)
5.63 6.84 6.82 7.08 7.13 8.10 10.41 10.37
Quarterly key ratios and statistics
Margin analysis-as a% of average earning assets
(3)
Interest income
(3)
5.57% 5.77% 5.85% 6.40% 6.88% 7.25% 6.92% 6.98%
Interest expense 2.39 2.48 2.56 3.17 3.62 3.73 3.66 3.62
Net interest margin
(3)
3.18% 3.29% 3.29% 3.23% 3.26% 3.52% 3.26% 3.36%
Return on average total assets (3.04)% 0.55% 0.73% 0.93% (1.74)% 1.02% 0.92% 1.11%
Return on average total shareholders’ equity (23.7) 4.7 6.4 8.7 (15.3) 8.8 10.6 12.9
Return on average tangible shareholders’ equity
(4)
(43.2) 11.6 15.0 22.0 (30.7) 19.7 13.5 16.4
(in millions of dollars) December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31,
Capital adequacy 2008 2007
Total risk-weighted assets $46,994 $46,608 $46,602 $46,546 $46,044 $45,931 $32,121 $31,473
Tier 1 leverage ratio 9.82% 7.99% 7.88% 6.83% 6.77% 7.57% 9.07% 8.24%
Tier 1 risk-based capital ratio 10.72 8.80 8.82 7.56 7.51 8.35 9.74 8.98
Total risk-based capital ratio 13.91 12.03 12.05 10.87 10.85 11.58 13.49 12.82
Tangible common equity/asset ratio
(5)
4.04 4.88 4.80 4.92 5.08 5.70 6.87 7.11
Tangible equity/asset ratio
(6)
7.72 5.98 5.90 4.92 5.08 5.70 6.87 7.11
Tangible equity/risk-weighted assets ratio 8.38 6.59 6.58 5.57 5.67 6.46 7.66 7.77
Average equity/average assets 12.85 11.56 11.44 10.70 11.40 11.50 8.66 8.63
(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.
(5) Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets
are net of deferred tax, and calculated assuming a 35% tax rate.
(6) Tangible equity (total equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred
tax, and calculated assuming a 35% tax rate.
79
Management’s Discussion and Analysis Huntington Bancshares Incorporated