Huntington National Bank 2009 Annual Report Download - page 2

Huntin
g
ton Bancshares Incorporated (NASDAQ: HBAN) is a $52 billion re
g
ional bank holdin
g
compan
y
headquartered in Columbus, Ohio, and has served the financial needs of its customers for more than 144
y
ears.
Huntin
g
ton’s principal markets are Indiana, Kentuck
y
, Michi
g
an, Ohio, Penns
y
lvania, and West Vir
g
inia. Nearl
y
11,000 co
ll
ea
g
ues prov
id
e consumer an
d
commerc
i
a
lb
an
ki
n
g
, mort
g
a
g
e
b
an
ki
n
g
, automo
bil
e
fi
nanc
i
n
g,
equ
i
pment
l
eas
i
n
g
,
i
nvestment mana
g
ement,
b
ro
k
era
g
e, trust, an
di
nsurance serv
i
ces. Customers
h
ave
convenient access to bankin
g
services throu
g
h more than
6
00 re
g
ional bankin
g
offices, the customer servic
e
call center at (800) 480-BANK (2265), online at www.huntin
g
ton.com, via the technolo
g
icall
y
advanced 24-hou
r
te
l
ep
h
one
b
an
k
,an
d
t
h
rou
gh
Hunt
i
n
g
ton’s networ
k
o
f
over 1,300 ATMs. Non-
b
an
ki
n
gfi
nanc
i
a
l
serv
i
ces ar
e
prov
id
e
d
t
h
rou
gh
se
l
ect
b
an
ki
n
g
o
ffi
ces, as we
ll
as ot
h
er
l
oca
lf
ac
ili
t
i
es.
CO
N
SO
LIDATED FINAN
C
IAL HI
G
HLI
G
HT
S
(In millions, exce
p
t
p
er share amounts)
2
009 2008 Chan
ge
NET LOS
S
................................................
$(3
,
094
)
$
(
114
)
$
(
2,980
)
N.M.%
PER COMMON SHARE AMOUNT
S
Net
l
oss
p
er common s
h
are –
dil
ute
d
..............................
.
$(
6.14
)
$(
0.44
)$(
5.70
)
N.M.%
Cash dividend declared per common share . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
.
4000
0.662
5(
0.262
5) (
40
)
T
an
g
ible book value per common shar
e
(1)
...........................
4.21
5
.64
(
1.43
)(
2
5)
PERF
O
RMAN
C
ERATI
OS
Return on avera
g
e total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(
5.90
)
%
(
0.21
)
%
(
5.69
)%
Return on average total shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . .
(
53.5
)
(
1.8
)(5
1.7
)
Net interest margin
(2)
.........................................
3
.
11
3.2
5(
0.14
)
Efficienc
y
rati
o
(3)
g
g
............................................
55
.4
5
7.0
(
1.6
)
C
APITAL RATIOS
Tier 1 risk-based capital ratio
(1)
..................................
12.0
3%
10
.7
2% 1
.
31%
Tota
l
r
i
s
k
-
b
ase
d
ca
pi
ta
l
rat
io
(1)
...................................
14
.
41
13.
9
10.
50
Tan
gibl
e equ
i
t
y
/tan
gibl
e assets rat
io
(1)(4)
............................
9.24
7
.72 1.
52
Tan
g
ible common equit
y
/tan
g
ible asset ratio
(
1
)(
5
)
......................
5.92
4
.
0
41.
88
CREDIT
Q
UALITY MEASURES
Net c
h
ar
g
e-o
ff
s (NCOs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
$
1
,
47
7
$
758
$
719 95%
NCOs as a % of average loans and leases . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
.82
%
1.8
5
% 1.97
%
Nonaccrual loans
(
NALs
)
(1)
.....................................
$
1
,
917 $1
,
502 $ 415 2
8
NAL rat
i
o
(1)(6)
..............................................
5
.21
%
3.66% 1.
55
%
Nonperforming assets (NPAs)
(
1
)
..................................
$
2
,
05
8
$1
,
637 $ 421 2
6
NPA rat
io
(1)(7)
g
...............................................
5
.57
%
3.
9
7% 1.
6
0
%
Allowance for credit losses
(
ACL
)
(
1
)
...............................
$
1
,
53
1
$
944
$
587 6
2
AC
Lasa%o
f
tota
ll
oans an
dl
eases
(1)
.............................
4.16
%
2
.
30
%1.
86%
AC
Lasa%ofNAL
s
(1)
........................................
80
63
1
7
BALANCE
S
HEET – DECEMBER 31
,
Tota
ll
oans an
dl
eases........................................
.
$
36
,
79
1
$
41,092
$(
4,301
)(
10
)%
Total assets
................................................
5
1,
555
5
4,3
5
3
(
2,798
) (5)
Tota
ld
e
p
os
i
ts...............................................
40
,
494
37
,
943 2
,55
17
Tota
l
s
h
are
h
o
ld
ers’ equ
i
t
y
......................................
5,336
7,229
(
1,893
)(
2
6)
N.M., not a mean
i
n
gf
u
l
va
l
ue.
(1
)
At Decem
b
er
3
1
.
(2)
On a full
y
-taxable equivalent (FTE) basis assumin
g
a 35% tax rate
.
(
3
)
Non
i
nterest expense
l
ess amort
i
zat
i
on o
fi
ntan
gibl
es an
dg
oo
d
w
ill i
mpa
i
rment
di
v
id
e
dby
t
h
e sum o
f
FTE net
i
nterest
i
ncome an
d
non
i
nterest
i
ncome exc
l
u
di
ng secur
i
t
i
es
l
osses
.
(4
)
Tan
g
ible equit
y
(total equit
y
less
g
oodwill and other intan
g
ible assets) divided b
y
tan
g
ible assets (total assets less
g
oodwill and othe
r
intan
g
ible assets). Other intan
g
ible assets are net of deferred tax
.
(
5)
Tan
g
ible common equit
y
(total common equit
y
less
g
oodwill and other intan
g
ible assets) divided b
y
tan
g
ible assets (total assets les
s
g
oodwill and other intan
g
ible assets). Other intan
g
ible assets are net of deferred tax
.
(6
)
NALs
di
v
id
e
dby
tota
ll
oans an
dl
eases
.
(
7
)
NPAs
di
v
id
e
dby
t
h
e sum o
f
tota
ll
oans an
dl
eases,
i
mpa
i
re
dl
oans
h
e
ld
-
f
or-sa
l
e, an
d
net ot
h
er rea
l
estate
.