Huntington National Bank 2014 Annual Report Download - page 46

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Noninterest Expense
(This section should be read in conjunction with Significant Items 1, 2, 3 and 4.)
The following table reflects noninterest expense for the past three years:
Table 8 - Noninterest Expense
Twelve Months Ended December 31,
Change from 2013 Change from 2012
(dollar amounts in thousands) 2014 Amount Percent 2013 Amount Percent 2012
Personnel costs $ 1,048,775 $ 47,138 5 % $ 1,001,637 $ 13,444 1 % $ 988,193
Outside data processing and other services 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
N
umber of employees (average full-time
equivalent) 11,873 (91) (1)% 11,964 470 4 % 11,494
Impacts of Significant Items:
Twelve Months Ended December 31,
(dollar amounts in thousands) 2014 2013 2012
Personnel costs $ 19,850 $)27,249($ ---
Outside data processing and other services 5,507 1,350 ---
N
et occupanc
y
11,153 12,117 ---
Equipment 2,248 2,364 ---
Professional services 2,228 --- ---
Marketing 1,357 --- ---
Other expense 23,140 953 23,500
Total noninterest expense adjustments $ 65,483 $)10,465( $ 23,500
Adjusted Noninterest Expense (Non-GAAP):
Twelve Months Ended December 31, Change from 2013 Change from 2012
(dollar amounts in thousands) 2014 2013 2012 Amount Percent Amount Percent
Personnel costs $ 1,028,925 $ 1,028,886 $ 988,193 $ 39 --- % $ 40,693 4 %
Outside data processing and other services 207,079 198,197 190,255 8,882 4 7,942 4
N
et occupanc
y
116,923 113,227 111,160 3,696 3 2,067 2
Equipment 117,415 104,429 102,947 12,986 12 1,482 1
Professional services 57,327 40,587 65,758 16,740 41 )25,171()38(
Marketing 49,203 51,185 64,263 )1,982( )4( )13,078()20(
Deposit and other insurance expense 49,044 50,161 68,330 )1,117( )2( )18,169()27(
Amortization of intangibles 39,277 41,364 46,549 )2,087( )5( )5,185()11(
Gain on early extinguishment of debt --- --- )798( --- --- 798 )100(
Other expense 151,670 140,432 175,719 11,238 8 )35,287()20(
Total adjusted noninterest expense $ 1,816,863 $ 1,768,468 $ 1,812,376 $ 48,395 3 %$ )43,908()2(%