Huntington National Bank 2013 Annual Report Download - page 91
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85
Table 47 - Selected Quarterly Income Statement Data(1)
2012
(dollar amounts in thousands, except per share amounts) Fourth Third Second First
Interest income $ 478,995 $ 483,787 $ 487,544 $ 479,937
Interest expense 44,940 53,489 58,582 62,728
N
et interest income 434,055 430,298 428,962 417,209
Provision for credit losses 39,458 37,004 36,520 34,406
N
et interest income after provision for credit losses 394,597 393,294 392,442 382,803
Total noninterest income 297,651 261,067 253,819 285,320
Total noninterest expense 470,628 458,303 444,269 462,676
Income before income taxes 221,620 196,058 201,992 205,447
Provision for income taxes 54,341 28,291 49,286 52,177
N
et income $ 167,279 $ 167,767 $ 152,706 $ 153,270
Dividends on preferred shares 7,973 7,983 7,984 8,049
N
et income applicable to common shares $ 159,306 $ 159,784 $ 144,722 $ 145,221
Common shares outstanding
Average - basic 847,220 857,871 862,261 864,499
Average - diluted
(
2
)
853,306 863,588 867,551 869,164
Ending 842,813 855,485 858,401 864,675
Book value per share $ 6.41 $ 6.34 $ 6.13 $ 5.97
Tangible book value per share
(
3
)
5.78 5.71 5.49 5.33
Per common share
N
et income - basic $ 0.19 $ 0.19 $ 0.17 $ 0.17
N
et income - diluted 0.19 0.19 0.17 0.17
Cash dividends declared 0.04 0.04 0.04 0.04
Common stock price, per share
High
(
4
)
$ 7.20 $ 7.20 $ 6.77 $ 6.58
Low
(
4
)
5.90 6.16 5.84 5.49
Close 6.39 6.90 6.40 6.45
Average closing price 6.42 6.56 6.37 5.97
Return on average total assets 1.19 % 1.19 % 1.10 % 1.13 %
Return on average common shareholders' equity 11.6 11.9 11.1 11.4
Return on average tangible common shareholders' equity(5) 13.5 13.9 13.1 13.5
Efficiency ratio(6) 62.3 64.5 62.8 63.8
Effective tax rate (benefit) 24.5 14.4 24.4 25.4
Margin analysis-as a % of average earning assets(7)
Interest income
(
7
)
3.80 % 3.79 % 3.89 % 3.91 %
Interest expense 0.35 0.41 0.47 0.51
N
et interest margin
(
7
)
3.45 % 3.38 % 3.42 % 3.40 %
Revenue - FTE
N
et interest income $ 434,055 $ 430,298 $ 428,962 $ 417,209
FTE adjustment 5,470 5,254 5,747 3,935
N
et interest income(7) 439,525 435,552 434,709 421,144
N
oninterest income 297,651 261,067 253,819 285,320
Total revenue (7) $ 737,176 $ 696,619 $ 688,528 $ 706,464
Continued