Huntington National Bank 2010 Annual Report Download - page 36
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Item 6: Selected Financial Data
Table 1 — Selected Financial Data (1), (9)
2010 2009 2008 2007 2006
Year Ended December 31,
(Dollar amounts in thousands, except
per share amounts)
Interest income ........... $ 2,145,392 $ 2,238,142 $ 2,798,322 $ 2,742,963 $ 2,070,519
Interest expense ........... 526,587 813,855 1,266,631 1,441,451 1,051,342
Net interest income ........ 1,618,805 1,424,287 1,531,691 1,301,512 1,019,177
Provision for credit losses.... 634,547 2,074,671 1,057,463 643,628 65,191
Net interest income after
provision for credit losses ... 984,258 (650,384) 474,228 657,884 953,986
Noninterest income .......... 1,041,858 1,005,644 707,138 676,603 561,069
Noninterest expense:
Goodwill impairment ....... —2,606,944 — — —
Other noninterest expense.... 1,673,805 1,426,499 1,477,374 1,311,844 1,000,994
Total noninterest expense ..... 1,673,805 4,033,443 1,477,374 1,311,844 1,000,994
Income (loss) before income
taxes ................. 352,311 (3,678,183) (296,008) 22,643 514,061
Provision (benefit) for income
taxes ................. 39,964 (584,004) (182,202) (52,526) 52,840
Net income (loss) .......... $ 312,347 $ (3,094,179) $ (113,806) $ 75,169 $ 461,221
Dividends on preferred
shares . . . ............. 172,032 174,756 46,400 — —
Net income (loss) applicable
to common shares........ $ 140,315 $ (3,268,935) $ (160,206) $ 75,169 $ 461,221
Net income (loss) per
common share — basic .... $ 0.19 $ (6.14) $ (0.44) $ 0.25 $ 1.95
Net income (loss) per
common share — diluted . . 0.19 (6.14) (0.44) 0.25 1.92
Cash dividends declared per
common share .......... 0.0400 0.0400 0.6625 1.0600 1.0000
Balance sheet highlights
Total assets (period end) ...... $53,819,642 $51,554,665 $54,352,859 $54,697,468 $35,329,019
Total long-term debt (period
end)(2) ................. 3,813,827 3,802,670 6,870,705 6,954,909 4,512,618
Total shareholders’ equity
(period end) . ............. 4,980,542 5,336,002 7,228,906 5,951,091 3,016,029
Average long-term debt(2) ..... 3,953,177 5,558,001 7,374,681 5,714,572 4,942,671
Average shareholders’ equity . . . 5,482,502 5,787,401 6,395,690 4,633,465 2,948,367
Average total assets .......... 52,574,231 52,440,268 54,921,419 44,711,676 35,111,236
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