Huntington National Bank 2009 Annual Report Download - page 30

2009 2008 200
7
2006 2005
Y
ear Ended December 31
,
(
In thousands, exce
p
t
p
er share amounts
)
Ke
y
ratios and statistic
s
Mar
gi
n ana
ly
s
i
s — as a% o
f
avera
ge
earn
i
n
g
s assets
Interest income
(
3
)
.............
4
.88
%5.
9
0% 7.02% 6.63% 5.65%
I
nterest ex
p
ense
...............
1
.7
7
2.6
5
3.66 3.34 2.32
Net interest mar
g
in
(
3
)
...........
3
.
11
% 3.2
5
% 3.36% 3.2
9
% 3.33%
Return on avera
g
e tota
l
assets . . . . . .
(
5.90
)
%
(
0.21
)
% 0.17% 1.31% 1.2
6%
R
eturn on avera
g
e total shareholders
’
equ
i
t
y
......................
(
53.5
)
(
1.8
)
1.6 1
5
.6 1
5
.
6
Return on avera
g
e tan
gibl
e
shareholders’ equit
y
(4
)
.........
(
9.8
)
(
2.1
)
3.9 19.5 17.
4
Efficienc
y
ratio(
5)
...............
55
.4
5
7.0 62.
559
.4 60.0
D
i
v
id
en
d
pa
y
out rat
io
............
N
.
M.
N.M. N.M.
5
2.1 47.
7
Avera
g
e shareholders’ equit
y
to
avera
g
e asse
ts
................
11
.
04
11.6
5
10.36 8.40 8.10
E
ff
ect
i
ve tax rate
(b
ene
fi
t
)
.........
(
15.9
)
N.M. N.M.
10
.
324
.
2
Tan
g
ible common equit
y
to tan
g
ibl
e
assets (
p
eriod end)(
6
),(8)
........
5
.
92
4.04
5
.0
9
6.
9
3 7.20
Tan
gibl
e equ
i
t
y
to tan
gibl
e asset
s
(
p
eriod end)(7),(8)
.............
9.
2
4
7.72 5.0
9
6.
9
3 7.2
0
T
i
er 1
l
evera
g
e rat
i
o (per
i
o
d
en
d
). . .
.
10.09
9
.82
6
.77 8.00 8.3
4
Ti
er 1 r
i
s
k
-
b
ase
d
ca
pi
ta
l
rat
i
o(
p
er
i
o
d
end
)
.......................
12.0
3
10.72 7.51 8.
9
3
9
.13
T
ota
l
r
i
s
k
-
b
ase
d
ca
pi
ta
l
rat
i
o(
p
er
i
o
d
end
)
.......................
14.4
1
13.91 10.85 12.79 12.4
2
O
ther data
Fu
ll
-t
i
me equ
i
va
l
ent emp
l
o
y
ees
(
p
eriod end)
.................
10
,
27
2
10
,
951 11
,
925 8
,
081 7
,
60
2
Domest
i
c
b
an
ki
ng o
ffi
ces (per
i
o
d
en
d)
.......................
611
6
1
36
2
538
1
3
4
4
N.M., not a mean
i
n
gf
u
l
va
l
ue.
(1) Compar
i
sons
f
or presente
d
per
i
o
d
s are
i
mpacte
dby
a num
b
er o
ff
actors. Re
f
er to t
h
e“S
ig
n
ifi
cant Items
”
f
or a
ddi
t
i
ona
ldi
scuss
i
on re
g
ar
di
n
g
t
h
ese
k
e
yf
actors
.
(2) Includes Federal Home Loan Bank advances, subordinated notes, and other lon
g
-term debt
.
(3) On a full
y
-taxable equivalent (FTE) basis assumin
g
a3
5
% tax rate
.
(4) Net (loss) income less expense excludin
g
amortization of intan
g
ibles for the period divided b
y
avera
g
e tan
-
gibl
es
h
are
h
o
ld
ers’ equ
i
t
y
. Avera
g
e tan
gibl
es
h
are
h
o
ld
ers’ equ
i
t
y
equa
l
s avera
g
e tota
l
s
h
are
h
o
ld
ers’ equ
i
t
y
l
ess avera
g
e
i
ntan
gibl
e assets an
dg
oo
d
w
ill
. Expense
f
or amort
i
zat
i
on o
fi
ntan
gibl
es an
d
avera
g
e
i
ntan
gible
assets are net of deferred tax liabilit
y
, and calculated assumin
g
a3
5
% tax rate
.
(5) Noninterest expense less amortization of intan
g
ibles divided b
y
the sum of FTE net interest income and
noninterest income excludin
g
securities
g
ains.
(
6
)Tan
g
ible common equit
y
(total common equit
y
less
g
oodwill and other intan
g
ible assets) divided b
y
tan
g
i
-
bl
e assets (tota
l
assets
l
ess
g
oo
d
w
ill
an
d
ot
h
er
i
ntan
gibl
e assets). Ot
h
er
i
ntan
gibl
e assets are net o
fd
e
f
erre
d
tax, and calculated assumin
g
a3
5
% tax rate
.
(7) Tan
g
ible equit
y
(total equit
y
less
g
oodwill and other intan
g
ible assets) divided b
y
tan
g
ible assets (tota
l
assets
l
ess
g
oo
d
w
ill
an
d
ot
h
er
i
ntan
gibl
e assets). Ot
h
er
i
ntan
gibl
e assets are net o
fd
e
f
erre
d
tax, an
d
ca
l
cu
-
l
ated assumin
g
a3
5
% tax rate.
(8) Tan
gibl
e equ
i
t
y
, tan
gibl
e common equ
i
t
y
,an
d
tan
gibl
e assets are non-GAAP
fi
nanc
i
a
l
measures. A
ddi
t
i
on
-
all
y
,an
y
ratios utilizin
g
these financial measures are also non-GAAP. These financial measures have bee
n
22