Huntington National Bank 2012 Annual Report Download - page 91
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83
Wealth Advisors, Government Finance, and Home Lending
Table 44 - Key Performance Indicators for Wealth Advisors, Government Finance, and Home Lending
Change from 2011
(dollar amounts in thousands unless otherwise noted) 2012 2011 Amount Percent 2010
N
et in
t
erest income $ 192,681 $ 199,536 $ (6,855) (3)% $ 169,201
Provision for credit losses 23,600 51,967 (28,367) (55) 95,586
N
oninterest income 351,057 248,764 102,293 41 338,633
N
oninterest expense 376,239 356,513 19,726 6 358,707
Provision for income taxes 50,365 13,937 36,428 261 18,740
N
et income $ 93,534 $ 25,883 $ 67,651 261 % $ 34,801
N
umber of employees (full-time equivalent) 2,080 2,041 39 2 % 2,211
Total average assets (in millions) $ 7,610 $ 6,778 $ 832 12 $ 6,317
Total average loans/leases (in millions) 5,994 5,437 557 10 4,829
Total average deposits (in millions) 9,711 8,134 1,577 19 6,990
N
et interest margin 1.87 % 2.16 % (0.29)% (13) 2.23 %
N
COs $ 43,038 $ 57,485 $ (14,447) (25) $ 79,647
N
COs as a % of average loans and leases 0.72 % 1.06 % (0.34)% (32) 1.65 %
Return on average common equity 12.8 3.8 9.0 237 5.7
Mortgage banking origination volume (in millions) $ 4,833 $ 3,921 $ 912 23 $ 5,476
N
oninterest income shared with other business
segments(1) 46,744 42,761 3,983 9 43,779
Total assets under management (in billions) - eop 15.9 14.6 1.3 9 14.4
Total trust assets (in billions) - eop 73.9 59.3 14.6 25 60.3
eop - End of Period.
(1)Amount is not included in noninterest income reported above.
2012 vs. 2011
WGH reported net income of $93.5 million in 2012. This was an increase of $67.7 million, or 261%, compared to 2011. The
increase in net income reflected a combination of factors including:
x$102.3 million, or 41%, increase in noninterest income.
x$28.4 million, or 55%, decrease in the provision for credit losses.
Partially offset by:
x$19.7 million, or 6%, increase in noninterest expense.
x$6.9 million, or 3%, decrease in net interest income.
The decrease in net interest income from the year-ago period reflected:
x29 basis point decrease in net interest margin mainly due to compressed deposit margins resulting from declining rates and
reduced funds transfer pricing rates.
Partially offset by:
x$0.6 billion, or 10%, increase in average total loans and leases.
x$1.6 billion, or 19%, increase in average total deposits.