Huntington National Bank 2010 Annual Report Download - page 37

2010 2009 2008 2007 2006
Year Ended December 31,
(Dollar amounts in thousands, except
per share amounts)
Key ratios and statistics
Margin analysis — as a % of
average earnings assets
Interest income(3) ......... 4.52% 4.88% 5.90% 7.02% 6.63%
Interest expense ........... 1.08 1.77 2.65 3.66 3.34
Net interest margin(3) ....... 3.44% 3.11% 3.25% 3.36% 3.29%
Return on average total assets . . 0.59% (5.90)% (0.21)% 0.17% 1.31%
Return on average common
shareholders’ equity ........ 3.7 (80.8) (2.8) 1.6 15.6
Return on average tangible
common shareholders’
equity(4) . . . ............. 5.6 (22.4) (4.4) 3.9 19.5
Efficiency ratio(5) ........... 60.4 55.4 57.0 62.5 59.4
Dividend payout ratio ........ 0.21 N.R. N.R. 4.24 52.1
Average shareholders’ equity to
average assets ............ 10.43 11.04 11.65 10.36 8.40
Effective tax rate (benefit) ..... 11.3 (15.9) (61.6) N.R. 10.3
Tangible common equity to
tangible assets (period
end)(6),(8) . . ............. 7.56 5.92 4.04 5.09 6.93
Tangible equity to tangible
assets (period end)(7),(8) .... 8.24 9.24 7.72 5.09 6.93
Tier 1 leverage ratio (period
end).................... 9.41 10.09 9.82 6.77 8.00
Tier 1 risk-based capital ratio
(period end) . ............. 11.55 12.50 10.72 7.51 8.93
Total risk-based capital ratio
(period end) . ............. 14.46 14.55 13.91 10.85 12.79
Other data
Full-time equivalent employees
(period end) . ............. 11,341 10,272 10,951 11,925 8,081
Domestic banking offices
(period end) . ............. 620 611 613 625 381
N.R. — Not relevant, as denominator of calculation is a loss in prior period compared with income in current
period.
(1) Comparisons for presented periods are impacted by a number of factors. Refer to the Significant Items for
additional discussion regarding these key factors.
(2) Includes FHLB advances, subordinated notes, and other long-term debt.
(3) On an FTE basis assuming a 35% tax rate.
(4) Net income (loss) less expense excluding amortization of intangibles for the period divided by average tan-
gible shareholders’ equity. Average tangible shareholders’ equity equals average total shareholders’ equity
less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible
assets are net of deferred tax liability, and calculated assuming a 35% tax rate.
(5) Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and
noninterest income excluding securities gains.
(6) Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangi-
ble assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred
tax, and calculated assuming a 35% tax rate.
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