Huntington National Bank 2013 Annual Report Download - page 30

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Item 6: Selected Financial Data
Table 1 - Selected Financial Data(1)
Year Ended December 31,
(dollar amounts in thousands, except per share amounts) 2013 2012 2011 2010 2009
Interest income $ 1,860,637 $ 1,930,263 $ 1,970,226 $ 2,145,392 $ 2,238,142
Interest expense 156,029 219,739 341,056 526,587 813,855
N
et interest income 1,704,608 1,710,524 1,629,170 1,618,805 1,424,287
Provision for credit losses 90,045 147,388 174,059 634,547 2,074,671
N
et interest income after provision for credit losses 1,614,563 1,563,136 1,455,111 984,258 (650,384)
N
oninterest income 997,995 1,097,857 980,623 1,041,858 1,005,644
N
oninterest expense:
Goodwill impairment --- --- --- --- 2,606,944
Other noninterest expense 1,758,003 1,835,876 1,728,500 1,673,805 1,426,499
Total noninterest expense 1,758,003 1,835,876 1,728,500 1,673,805 4,033,443
Income (loss) before income taxes 854,555 825,117 707,234 352,311 (3,678,183)
Provision (benefit) for income taxes 215,814 184,095 164,621 39,964 (584,004)
N
et income (loss) $ 638,741 $ 641,022 $ 542,613 $ 312,347 $ (3,094,179)
Dividends on preferred shares 31,869 31,989 30,813 172,032 174,756
N
et income (loss) applicable to common shares $ 606,872 $ 609,033 $ 511,800 $ 140,315 $ (3,268,935)
N
et income (loss) per common share - basic $ 0.73 $ 0.71 $ 0.59 $ 0.19 $ (6.14)
N
et income (loss) per common share - diluted 0.72 0.71 0.59 0.19 (6.14)
Cash dividends declared per common share 0.19 0.16 0.10 0.04 0.04
Balance sheet highlights
Total assets (period end) $ 59,476,344 $ 56,153,185 $ 54,450,652 $ 53,819,642 $ 51,554,665
Total long-term debt (period end)(2) 2,458,272 1,364,834 3,097,857 3,813,827 3,802,670
Total shareholders' equity (period end) 6,099,323 5,790,211 5,418,100 4,980,542 5,336,002
Average long-term debt(2) 2,372,765 2,273,140 3,275,913 3,953,177 5,558,001
Average shareholders' equity 5,914,914 5,671,455 5,237,541 5,482,502 5,787,401
Average total assets 56,299,313 55,673,599 53,750,054 52,574,231 52,440,268
Key ratios and statistics
Margin analysis - as a % of average earnings assets
Interest income
(
3
)
3.66 % 3.85 % 4.09 % 4.55 % 4.88 %
Interest expense 0.30 0.44 0.71 1.11 1.77
N
et interest margin(3) 3.36 % 3.41 % 3.38 % 3.44 % 3.11 %
Return on average total assets 1.13 % 1.15 % 1.01 % 0.59 % (5.90)%
Return on average common shareholders' equity 11.0 11.5 10.5 3.7 (80.8)
Return on average tangible common shareholders'
equity(4), (8) 12.7 13.5 12.7 5.6 (22.4)
Efficiency ratio(5) 62.9 63.4 63.7 60.4 55.4
Dividend payout ratio 26.0 22.5 16.9 21.1 N.R.
Average shareholders' equity to average assets 10.51 10.19 9.74 10.43 11.04
Effective tax rate (benefit) 25.3 22.3 23.3 11.3 (15.9)
Tier 1 common risk-based capital ratio (period end)(8) 10.90 10.48 10.00 9.29 6.76
Tangible common equity to tangible assets (period
end) (6), (8) 8.83 8.76 8.30 7.56 5.92
Tangible equity to tangible assets (period end)(7), (8) 9.49 9.46 9.02 8.24 9.24
Tier 1 leverage ratio (period end) 10.67 10.36 10.28 9.41 10.09
Tier 1 risk-based capital ratio (period end) 12.28 12.02 12.11 11.55 12.15
Total risk-based capital ratio (period end) 14.57 14.50 14.77 14.46 14.55
Other data
Full-time equivalent employees (average) 11,964 11,494 11,398 11,038 10,384
Domestic banking offices (period end) 711 705 668 620 611
N
.R. - Not relevant, as denominator of calculation is a loss in prior period compared with income in current period.