Huntington National Bank 2014 Annual Report Download - page 96
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90
Table 48 - Selected Quarterly Income Statement Data (1)
2013
(dollar amounts in thousands, except per share amounts) Fourth Third Second First
Interest income $ 469,824 $ 462,912 $ 462,582 $ 465,319
Interest expense 39,175 38,060 37,645 41,149
N
et interest income 430,649 424,852 424,937 424,170
Provision for credit losses 24,331 11,400 24,722 29,592
N
et interest income after provision for credit losses 406,318 413,452 400,215 394,578
Total noninterest income 249,892 253,767 251,919 256,618
Total noninterest expense 446,009 423,336 445,865 442,793
Income before income taxes 210,201 243,883 206,269 208,403
Provision for income taxes 52,029 65,047 55,269 55,129
N
et income $ 158,172 $ 178,836 $ 151,000 $ 153,274
Dividends on preferred shares 7,965 7,967 7,967 7,970
N
et income applicable to common shares $ 150,207 $ 170,869 $ 143,033 $ 145,304
Common shares outstanding
Average - basic 830,590 830,398 834,730 841,103
Average - diluted(2) 842,324 841,025 843,840 848,708
Ending 830,963 830,145 829,675 838,758
Book value per share $ 6.86 $ 6.70 $ 6.49 $6.52
Tangible book value per share(3) 6.26 6.09 5.87 5.90
Per common share
N
et income - basic $0.18 $ 0.21 $ 0.17 $ 0.17
N
et income - diluted 0.18 0.20 0.17 0.17
Cash dividends declared 0.05 0.05 0.05 0.04
Common stock price, per share
High(4) $9.73 $8.78 $7.96 $7.55
Low(4) 8.04 7.90 6.82 6.48
Close 9.65 8.26 7.87 7.37
Average closing price 8.98 8.45 7.46 7.07
Return on average total assets 1.09 %1.27 %1.08 % 1.12 %
Return on average common shareholders' equity 10.5 12.3 10.4 10.8
Return on average tangible common shareholders' equity(5) 12.1 14.2 12.1 12.5
Efficiency ratio(6) 63.4 60.3 63.7 62.9
Effective tax rate (benefit) 24.8 26.7 26.8 26.5
Margin analysis-as a % of average earning assets(7)
Interest income(7) 3.58 % 3.64 % 3.68 % 3.75 %
Interest expense 0.30 0.30 0.30 0.33
N
et interest margin (7) 3.28 % 3.34 % 3.38 % 3.42 %
Revenue - FTE
N
et interest income $ 430,649 $ 424,852 $ 424,937 $ 424,170
FTE adjustment 8,196 6,634 6,587 5,923
N
et interest income(7) 438,845 431,486 431,524 430,093
N
oninterest income 249,892 253,767 251,919 256,618
Total revenue (7) $ 688,737 $ 685,253 $ 683,443 $ 686,711
Continued