Huntington Bancshares Receives No Objection From The Federal Reserve For Proposed Capital Actions, Including An Increase Of The

  Huntington Bancshares Receives No Objection From The Federal Reserve For
  Proposed Capital Actions, Including An Increase Of The Quarterly Dividend To
  $0.05 Per Common Share And The Repurchase Of Up To $227 Million Of Common

Business Wire

COLUMBUS, Ohio -- March 14, 2013

Huntington Bancshares Incorporated (NASDAQ: HBAN; was
notified by the Federal Reserve that it had no objection to Huntington's
proposed capital actions included in Huntington's capital plan submitted to
the Federal Reserve in January of this year. These actions included a 25%
increase in the dividend per common share to $0.05, starting in the second
quarter of 2013, and the potential repurchase of up to $227 million of common
stock through the first quarter of 2014. Huntington's Board of Directors is
expected to consider the next quarterly dividend and share repurchase program
at its April 16, 2013 meeting.

“Today’s action by the Federal Reserve highlights our strong capital levels
and financial performance,” said Stephen D. Steinour, chairman, president and
CEO of Huntington. “This action allows us to increase our common dividend and
share repurchase authorization so that we can expand our disciplined approach
to capital management. Reinvesting excess capital to organically grow the
business remains our priority. Importantly, dividends and share repurchases
provide us additional means of creating long-term shareholder value. Actual
levels of dividends and share repurchases over time will depend on various
factors, including earnings, growth opportunities, and market conditions.”

About Huntington

Huntington Bancshares Incorporated is a $56 billion regional bank holding
company headquartered in Columbus, Ohio. The Huntington National Bank, founded
in 1866, provides full-service commercial, small business, and consumer
banking services; mortgage banking services; treasury management and foreign
exchange services; equipment leasing; wealth and investment management
services; trust services; brokerage services; customized insurance brokerage
and service programs; and other financial products and services. The principal
markets for these services are Huntington’s six-state banking franchise: Ohio,
Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary
distribution channels include a banking network of more than 690 traditional
branches and convenience branches located in grocery stores and retirement
centers, and through an array of alternative distribution channels including
internet and mobile banking, telephone banking, and more than 1,350 ATMs.
Through automotive dealership relationships within its six-state banking
franchise area and selected other Midwest and New England states, Huntington
also provides commercial banking services to the automotive dealers and retail
automobile financing for dealer customers.

Forward-looking Statement

This document contains certain forward-looking statements, including certain
plans, expectations, goals, projections, and statements, which are subject to
numerous assumptions, risks, and uncertainties. Forward-looking statements may
be identified by words such as expect, anticipate, believe, intend, estimate,
plan, target, goal, or similar expressions, or future or conditional verbs
such as will, may, might, should, would, could, or similar variations.

While there is no assurance that any list of risks and uncertainties or risk
factors is complete, below are certain factors which could cause actual
results to differ materially from those contained or implied in the
forward-looking statements: (1) worsening of credit quality performance due to
a number of factors such as the underlying value of collateral that could
prove less valuable than otherwise assumed and assumed cash flows may be worse
than expected; (2) changes in economic conditions, including impacts from the
implementation of the Budget Control Act of 2011 and the American Taxpayer
Relief Act of 2012 as well as the continuing economic uncertainty in the US,
the European Union, and other areas; (3) movements in interest rates; (4)
competitive pressures on product pricing and services; (5) success, impact,
and timing of our business strategies, including market acceptance of any new
products or services implementing our “Fair Play” banking philosophy; (6)
changes in accounting policies and principles and the accuracy of our
assumptions and estimates used to prepare our financial statements; (7)
extended disruption of vital infrastructure; (8) the final outcome of
significant litigation; (9) the nature, extent, timing and results of
governmental actions, examinations, reviews, reforms, and regulations
including those related to the Dodd-Frank Wall Street Reform and Consumer
Protection Act; and (10) the outcome of judicial and regulatory decisions
regarding practices in the residential mortgage industry, including among
other things the processes followed for foreclosing residential mortgages.
Additional factors that could cause results to differ materially from those
described above can be found in Huntington’s 2012 Annual Report on Form 10-K,
and documents subsequently filed by Huntington with the Securities and
Exchange Commission. All forward-looking statements included in this document
are based on information available at the time of the release. Huntington
assumes no obligation to update any forward-looking statement.


Huntington Bancshares Incorporated
Todd Beekman, 614-480-3878
Mark Muth, 614-480-4720
Maureen Brown, 614-480-5512
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