Huntington National Bank 2011 Annual Report Download - page 44

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(1) Comparisons for presented periods are impacted by a number of factors. Refer to Significant Items.
(2) For all periods presented, the impact of the convertible preferred stock issued in 2008 and the warrants
issued to the U.S. Department of the Treasury in 2008 related to Huntington’s participation in the voluntary
Capital Purchase Program was excluded from the diluted share calculation because the result was more than
basic earnings per common share (anti-dilutive) for the periods. The convertible preferred stock and
warrants were repurchased in December 2010 and January 2011, respectively.
(3) On a FTE basis assuming a 35% tax rate.
30