Huntington National Bank 2013 Annual Report Download - page 78
Download and view the complete annual report
Please find page 78 of the 2013 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
 |
 |
72
Retail and Business Banking
Table 37 - Key Performance Indicators for Retail and Business Banking
Change from 2012
(dollar amounts in thousands unless otherwise noted) 2013 2012 Amount Percent 2011
N
et interest income $ 813,871 $ 870,146 $ (56,275) (6)% $ 932,385
Provision for credit losses 137,898 136,061 1,837 1 120,018
N
oninterest income 392,797 385,498 7,299 2 405,265
N
oninterest expense 964,316 982,378 (18,062) (2) 947,794
Provision for income taxes 36,559 48,022 (11,463) (24) 94,443
N
et income $ 67,895 $ 89,183 $ (21,288) (24)% $ 175,395
N
umber of employees (average full-time equivalent) 5,220 5,084 136 3 % 4,971
Total average assets (in millions) $ 14,408 $ 14,307 $ 101 1 $ 13,453
Total average loans/leases (in millions) 12,699 12,697 2 --- 12,041
Total average deposits (in millions) 28,323 28,070 253 1 28,507
N
et interest margin 2.89 % 3.11 % (0.22)% (7) 3.26 %
N
COs $ 125,468 $ 158,577 $ (33,109) (21) $ 170,199
N
COs as a % of average loans and leases 0.99 % 1.25 % (0.26)% (21) 1.41 %
Return on average common equity 4.7 6.3 (1.6) (25) 12.4
2013 vs. 2012
Retail and Business Banking reported net income of $67.9 million in 2013. This was a decrease of $21.3 million, or 24%,
compared to the year-ago period. The decrease in net income reflected a combination of factors described below.
The decrease in net interest income from the year-ago period reflected:
x 22 basis point decrease in net interest margin, primarily due to a 24 basis point decline in deposit spreads resulting from
declining rates and reduced FTP rates.
Partially offset by:
x $0.3 billion, or 1%, increase in total average deposit balances.
x 6 basis points increase in loan spreads, primarily due to a reduction in FTP rates assigned to loans.
The increase in total average deposits from the year-ago period reflected:
x $1.1 billion, or 15%, increase in money market deposits.
x $0.7 billion, or 7%, increase in total demand deposits.
Partially offset by:
x $1.6 billion, or 27%, decrease in core certificate of deposits, primarily due to the continued focus on product mix in reducing
the overall cost of deposits.
The increase in the provision for credit losses from the year-ago period reflected:
x $1.8 million, or 1%, increase, primarily due to growth of the new consumer credit card balances.
The increase in noninterest income from the year-ago period reflected: