Huntington National Bank 2014 Annual Report Download - page 36

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Table 2 - Selected Annual Income Statements (1)
Year Ended December 31,
Chan
g
e from 2013 Chan
g
e from 2012
(dollar amounts in thousands, except per share
amounts) 2014 Amount Percent 2013 Amount Percent 2012
Interest income $ 1,976,462 $ 115,825 6 % $ 1,860,637 $ (69,626) (4)% $ 1,930,263
Interest expense 139,321 (16,708) (11) 156,029 (63,710) (29) 219,739
N
et interest income 1,837,141 132,533 8 1,704,608 (5,916) --- 1,710,524
Provision for credit losses 80,989 (9,056) (10) 90,045 (57,343) (39) 147,388
N
et interest income after
p
rovision fo
r
credit losses 1,756,152 141,589 9 1,614,563 51,427 3 1,563,136
Service charges on deposit accounts 273,741 1,939 1 271,802 9,623 4 262,179
Trust services 115,972 (7,035) (6) 123,007 1,110 1 121,897
Electronic banking 105,401 12,810 14 92,591 10,301 13 82,290
Mortgage banking income 84,887 (41,968) (33) 126,855 (64,237) (34) 191,092
Brokerage income 68,277 (1,347) (2) 69,624 (3,060) (4) 72,684
Insurance income 65,473 (3,791) (5) 69,264 (2,055) (3) 71,319
Bank owned life insurance income 57,048 629 1 56,419 377 1 56,042
Capital markets fees 43,731 (1,489) (3) 45,220 (2,940) (6) 48,160
Gain on sale of loans 21,091 2,920 16 18,171 (40,011) (69) 58,182
Securities gains (losses) 17,554 17,136 4,100 418 (4,351) (91) 4,769
Other income 126,004 (12,821) (9) 138,825 1,118 1 137,707
Total noninterest income 979,179 (33,017) (3) 1,012,196 (94,125) (9) 1,106,321
Personnel costs 1,048,775 47,138 5 1,001,637 13,444 1 988,193
Outside data processing and other 212,586 13,039 7 199,547 9,292 5 190,255
N
et occupancy 128,076 2,732 2 125,344 14,184 13 111,160
Equipment 119,663 12,870 12 106,793 3,846 4 102,947
Professional services 59,555 18,968 47 40,587 (25,171) (38) 65,758
Marketing 50,560 (625) (1) 51,185 (13,078) (20) 64,263
Deposit and other insurance expense 49,044 (1,117) (2) 50,161 (18,169) (27) 68,330
Amortization of intangibles 39,277 (2,087) (5) 41,364 (5,185) (11) 46,549
Gain on early extinguishment of debt --- --- --- --- 798 (100) (798)
Other expense 174,810 33,425 24 141,385 (57,834) (29) 199,219
Total noninterest expense 1,882,346 124,343 7 1,758,003 (77,873) (4) 1,835,876
Income before income taxes 852,985 (15,771) (2) 868,756 35,175 4 833,581
Provision for income taxes 220,593 (6,881) (3) 227,474 25,183 12 202,291
N
et income $ 632,392 $ (8,890) (1) % $ 641,282 $ 9,992 2 % $ 631,290
Dividends on preferred shares 31,854 (15) --- 31,869 (120) --- 31,989
N
et income applicable to common shares $ 600,538 $ (8,875) (1)% $ 609,413 $ 10,112 2 % $ 599,301
Avera
g
e common shares -
b
asic 819,917
(
14,288
)
(
2
)
% 834,205
(
23,757
)
(
3
)
% 857,962
Average common shares - diluted 833,081 (10,893) (1) 843,974 (19,428) (2) 863,402
Per common share:
N
et income -
b
asic $ 0.73 $ --- --- % $ 0.73 $ 0.03 4 % $ 0.70
N
et income - diluted 0.72 --- --- 0.72 0.03 4 0.69
Cash dividends declared 0.21 0.02 11 0.19 0.03 19 0.16
Revenue - FTE
N
et interest income $ 1,837,141 $ 132,533 8 % $ 1,704,608 $ (5,916) --- % $ 1,710,524
FTE adjustment 27,550 210 1 27,340 6,934 34 20,406
N
et interest income(2) 1,864,691 132,743 8 1,731,948 1,018 --- 1,730,930
N
oninterest income 979,179 (33,017) (3) 1,012,196 (94,125) (9) 1,106,321
Total revenue(2) $ 2,843,870 $ 99,726 4 % $ 2,744,144 $ (93,107) (3)% $ 2,837,251
(1) Comparisons for presented periods are impacted by a number of factors. Refer to “Significant Items”.
(2) On a fully-taxable equivalent (FTE) basis assuming a 35% tax rate.