Huntington National Bank 2015 Annual Report Download - page 38

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Item 6: Selected Financial Data
Table 1 - Selected Financial Data (1)
(dollar amounts in thousands, except per share amounts)
Year Ended December 31,
2015 2014 2013 2012 2011
Interest income $ 2,114,521 $ 1,976,462 $ 1,860,637 $ 1,930,263 $ 1,970,226
Interest expense 163,784 139,321 156,029 219,739 341,056
Net interest income 1,950,737 1,837,141 1,704,608 1,710,524 1,629,170
Provision for credit losses 99,954 80,989 90,045 147,388 174,059
Net interest income after provision for credit losses 1,850,783 1,756,152 1,614,563 1,563,136 1,455,111
Noninterest income 1,038,730 979,179 1,012,196 1,106,321 992,317
Noninterest expense 1,975,908 1,882,346 1,758,003 1,835,876 1,728,500
Income before income taxes 913,605 852,985 868,756 833,581 718,928
Provision for income taxes 220,648 220,593 227,474 202,291 172,555
Net income 692,957 632,392 641,282 631,290 546,373
Dividends on preferred shares 31,873 31,854 31,869 31,989 30,813
Net income applicable to common shares $ 661,084 $ 600,538 $ 609,413 $ 599,301 $ 515,560
Net income per common share—basic $ 0.82 $ 0.73 $ 0.73 $ 0.70 $ 0.60
Net income per common share—diluted 0.81 0.72 0.72 0.69 0.59
Cash dividends declared per common share 0.25 0.21 0.19 0.16 0.10
Balance sheet highlights
Total assets (period end) $ 71,044,551 $ 66,298,010 $ 59,467,174 $ 56,141,474 $ 54,448,673
Total long-term debt (period end) 7,067,614 4,335,962 2,458,272 1,364,834 2,747,857
Total shareholders’ equity (period end) 6,594,606 6,328,170 6,090,153 5,778,500 5,416,121
Average total assets 68,580,526 62,498,880 56,299,313 55,673,599 53,750,054
Average total long-term debt 5,605,960 3,494,987 1,670,502 1,986,612 3,182,899
Average total shareholders’ equity 6,536,018 6,269,884 5,914,914 5,671,455 5,237,541
Key ratios and statistics
Margin analysis—as a % of average earnings assets
Interest income(2) 3.41% 3.47% 3.66% 3.85% 4.09%
Interest expense 0.26 0.24 0.30 0.44 0.71
Net interest margin(2) 3.15% 3.23% 3.36% 3.41% 3.38%
Return on average total assets 1.01% 1.01% 1.14% 1.13% 1.02%
Return on average common shareholders’ equity 10.7 10.2 11.0 11.3 10.6
Return on average tangible common shareholders’ equity(3), (7) 12.4 11.8 12.7 13.3 12.8
Efficiency ratio(4) 64.5 65.1 62.6 63.2 63.5
Dividend payout ratio 30.5 28.8 26.0 22.9 16.7
Average shareholders’ equity to average assets 9.53 10.03 10.51 10.19 9.74
Effective tax rate 24.2 25.9 26.2 24.3 24.0
Non-regulatory capital
Tangible common equity to tangible assets (period end) (5), (7) 7.81 8.17 8.82 8.74 8.30
Tangible equity to tangible assets (period end)(6), (7) 8.36 8.76 9.47 9.44 9.01
Tier 1 common risk-based capital ratio (period end)(7), (8) N.A. 10.23 10.90 10.48 10.00
Tier 1 leverage ratio (period end)(9), (10) N.A. 9.74 10.67 10.36 10.28
Tier 1 risk-based capital ratio (period end)(9), (10) N.A. 11.50 12.28 12.02 12.11
Total risk-based capital ratio (period end)(9), (10) N.A. 13.56 14.57 14.50 14.77
Capital under current regulatory standards (Basel III)
Common equity tier 1 risk-based capital ratio 9.79 N.A. N.A. N.A. N.A.
Tier 1 leverage ratio (period end) 8.79 N.A. N.A. N.A. N.A.
Tier 1 risk-based capital ratio (period end) 10.53 N.A. N.A. N.A. N.A.
Total risk-based capital ratio (period end) 12.64 N.A. N.A. N.A. N.A.
Other data
Full-time equivalent employees (average) 12,243 11,873 11,964 11,494 11,398
Domestic banking offices (period end) 777 729 711 705 668