Huntington National Bank 2015 Annual Report Download - page 98
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90
Table 47 - 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,
2014 2014 2014 2014
Interest income $ 507,625 $ 501,060 $ 495,322 $ 472,455
Interest expense 34,373 34,725 35,274 34,949
Net interest income 473,252 466,335 460,048 437,506
Provision for credit losses 2,494 24,480 29,385 24,630
Net interest income after provision for credit losses 470,758 441,855 430,663 412,876
Total noninterest income 233,278 247,349 250,067 248,485
Total noninterest expense 483,271 480,318 458,636 460,121
Income before income taxes 220,765 208,886 222,094 201,240
Provision for income taxes 57,151 53,870 57,475 52,097
Net income 163,614 155,016 164,619 153,274
Dividends on preferred shares 7,963 7,964 7,963 7,964
Net income applicable to common shares $ 155,651 $ 147,052 $ 156,656 $ 145,310
Common shares outstanding
Average—basic 811,967 816,497 821,546 829,659
Average—diluted(2) 825,338 829,623 834,687 842,677
Ending 811,455 814,454 817,002 827,772
Book value per share $ 7.32 $ 7.24 $ 7.17 $ 6.99
Tangible book value per share(3) 6.62 6.53 6.48 6.31
Per common share
Net income—basic $ 0.19 $ 0.18 $ 0.19 $ 0.17
Net income —diluted 0.19 0.18 0.19 0.17
Cash dividends declared 0.06 0.05 0.05 0.05
Common stock price, per share
High(4) $ 10.74 $ 10.30 $ 10.29 $ 10.01
Low(4) 8.80 9.29 8.89 8.72
Close 10.52 9.73 9.54 9.97
Average closing price 9.97 9.79 9.41 9.50
Return on average total assets 1.00% 0.97% 1.07% 1.01%
Return on average common shareholders’ equity 10.3 9.9 10.8 9.9
Return on average tangible common shareholders’ equity(5) 11.9 11.4 12.4 11.4
Efficiency ratio(6) 66.2 65.3 62.7 66.4
Effective tax rate 25.9 25.8 25.9 25.9
Margin analysis-as a % of average earning assets(7)
Interest income(7) 3.41% 3.44% 3.53% 3.53%
Interest expense 0.23 0.24 0.25 0.26
Net interest margin(7) 3.18% 3.20% 3.28% 3.27%
Revenue—FTE
Net interest income $ 473,252 $ 466,335 $ 460,048 $ 437,506
FTE adjustment 7,522 7,506 6,637 5,885
Net interest income(7) 480,774 473,841 466,685 443,391
Noninterest income 233,278 247,349 250,067 248,485
Total revenue(7) $ 714,052 $ 721,190 $ 716,752 $ 691,876