Huntington National Bank 2015 Annual Report Download - page 96
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88
Table 45 - Selected Quarterly Income Statement Data (1)
(dollar amounts in thousands, except per share amounts)
Three months ended
December 31, September 30, June 30, March 31,
2015 2015 2015 2015
Interest income $ 544,153 $ 538,477 $ 529,795 $ 502,096
Interest expense 47,242 43,022 39,109 34,411
Net interest income 496,911 495,455 490,686 467,685
Provision for credit losses 36,468 22,476 20,419 20,591
Net interest income after provision for credit losses 460,443 472,979 470,267 447,094
Total noninterest income 272,215 253,119 281,773 231,623
Total noninterest expense 498,766 526,508 491,777 458,857
Income before income taxes 233,892 199,590 260,263 219,860
Provision for income taxes 55,583 47,002 64,057 54,006
Net income 178,309 152,588 196,206 165,854
Dividends on preferred shares 7,972 7,968 7,968 7,965
Net income applicable to common shares $ 170,337 $ 144,620 $ 188,238 $ 157,889
Common shares outstanding
Average—basic 796,095 800,883 806,891 809,778
Average—diluted(2) 810,143 814,326 820,238 823,809
Ending 794,929 796,659 803,066 808,528
Book value per common share $ 7.81 $ 7.78 $ 7.61 $ 7.51
Tangible book value per common share(3) 6.91 6.88 6.71 6.62
Per common share
Net income—basic $ 0.21 $ 0.18 $ 0.23 $ 0.19
Net income—diluted 0.21 0.18 0.23 0.19
Cash dividends declared 0.07 0.06 0.06 0.06
Common stock price, per share
High(4) $ 11.87 $ 11.90 $ 11.72 $ 11.30
Low(4) 10.21 10.00 10.67 9.63
Close 11.06 10.60 11.31 11.05
Average closing price 11.18 11.16 11.19 10.56
Return on average total assets 1.00% 0.87% 1.16% 1.02%
Return on average common shareholders’ equity 10.8 9.3 12.3 10.6
Return on average tangible common shareholders’ equity(5) 12.4 10.7 14.4 12.2
Efficiency ratio(6) 63.7 69.1 61.7 63.5
Effective tax rate 23.8 23.5 24.6 24.6
Margin analysis-as a % of average earning assets(7)
Interest income(7) 3.37% 3.42% 3.45% 3.38%
Interest expense 0.28 0.26 0.25 0.23
Net interest margin(7) 3.09% 3.16% 3.20% 3.15%
Revenue—FTE
Net interest income $ 496,911 $ 495,455 $ 490,686 $ 467,685
FTE adjustment 8,425 8,168 7,962 7,560
Net interest income(7) 505,336 503,623 498,648 475,245
Noninterest income 272,215 253,119 281,773 231,623
Total revenue(7) $ 777,551 $ 756,742 $ 780,421 $ 706,868