Huntington National Bank 2010 Annual Report Download - page 216
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(1) Represents the 2009 first quarter goodwill impairment charge associated with the former Regional Banking
segment. The allocation of this amount to the new business segments was not practical.
2010 2009 2010 2009
Assets at
December 31,
Deposits at
December 31,
(Dollar amounts in millions)
Retail and Business Banking ................... $13,088 $12,972 $29,298 $28,512
Commercial Banking ......................... 8,720 8,214 3,538 3,056
AFCRE ................................... 13,233 12,361 753 618
WGH.................................... 6,971 6,125 7,449 6,749
Treasury / Other ............................ 11,808 11,883 816 1,559
Total .................................... $53,820 $51,555 $41,854 $40,494
26. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the unaudited quarterly results of operations, for the years ended
December 31, 2010 and 2009:
Fourth Third Second First
2010
(Dollar amounts in thousands, except per share data)
Interest income ......................... $528,291 $534,669 $535,653 $546,779
Interest expense......................... 112,997 124,707 135,997 152,886
Net interest income ........................ 415,294 409,962 399,656 393,893
Provision for credit losses ................... 86,973 119,160 193,406 235,008
Noninterest income ........................ 264,220 267,143 269,643 240,852
Noninterest expense ....................... 434,593 427,309 413,810 398,093
Income before income taxes ................. 157,948 130,636 62,083 1,644
Provision (benefit) for income taxes............ 35,048 29,690 13,319 (38,093)
Net income .............................. 122,900 100,946 48,764 39,737
Dividends on preferred shares ................ 83,754 29,495 29,426 29,357
Net income applicable to common shares........ $ 39,146 $ 71,451 $ 19,338 $ 10,380
Net income per common share — Basic ......... $ 0.05 $ 0.10 $ 0.03 $ 0.01
Net income per common share — Diluted ....... 0.05 0.10 0.03 0.01
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