Huntington National Bank 2012 Annual Report Download - page 85
Download and view the complete annual report
Please find page 85 of the 2012 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
77
Retail and Business Banking
Table 41 - Key Performance Indicators for Retail and Business Banking
Change from 2011
(dollar amounts in thousands unless otherwise noted) 2012 2011 Amount Percent 2010
N
et interest income $ 870,146 $ 932,385 $ (62,239) (7)%$ 867,069
Provision for credit losses 136,061 120,018 16,043 13 157,994
N
oninterest income 385,498 405,265 (19,767) (5) 394,705
N
oninterest expense 982,378 947,794 34,584 4 902,186
Provision for income taxes 48,022 94,443 (46,421) (49) 70,558
N
et income $ 89,183 $ 175,395 $ (86,212) (49)% $ 131,036
N
umber of employees (full-time equivalent) 5,838 5,532 306 6 % 5,501
Total average assets (in millions) $ 14,307 $ 13,453 $ 854 6 $ 13,161
Total average loans/leases (in millions) 12,697 12,041 656 5 11,668
Total average deposits (in millions) 28,070 28,507 (437) (2) 28,774
N
et interest margin 3.11 % 3.26 % (0.15)% (5) 3.00 %
N
COs $ 158,577 $ 170,199 $ (11,622) (7) $ 287,320
N
COs as a % of average loans and leases 1.25 % 1.41 % (0.16)% (11) 2.46 %
Return on average common equity 6.3 12.4 (6.1) (49) 9.1
2012 vs. 2011
Retail and Business Banking reported net income of $89.2 million in 2012. This was a decrease of $86.2 million, or 49%,
compared to 2011. The decrease in net income reflected a combination of factors including:
x$62.2 million, or 7%, decrease in net interest income.
x$34.6 million or 4% increase in noninterest expense.
x$19.8 million, or 5%, decrease in noninterest income.
x$16.0 million or 13% increase in provision for credit losses.
The decrease in net interest income from the year-ago period reflected:
x15 basis point decrease in net interest margin, mainly due to compressed deposit margins resulting from declining rates and
reduced FTP rates.
Partially offset by:
x 16 basis point increase in loan spreads combined with $0.7 billion or 5%, increase in total average loans and leases.
The increase in total average loans and leases from the year-ago period reflected:
x$0.4 billion, or 11%, increase in commercial loans.
x$0.3 billion, or 3%, increase in consumer loans reflecting a $0.3 billion or 5% increase in home equity lines.
The decrease in total average deposits from the year-ago period reflected:
x$1.4 billion, or 19%, decrease in core certificate of deposits, which reflected continued focus on product mix in reducing the
overall cost of deposits.