Huntington Bancshares Incorporated Reports Net Income of $151.8 Million, or $0.17 Per Common Share, for the 2013 First Quarter,

  Huntington Bancshares Incorporated Reports Net Income of $151.8 Million, or
  $0.17 Per Common Share, for the 2013 First Quarter, Down 1% from the
  Year-Ago Quarter and Down 9% from the Prior Quarter

Declares 25% Increase in Quarterly Cash Dividend on Common Stock to $0.05 Per
                                    Share

            Specific highlights compared with 2012 First Quarter:

  *$0.58, or 11%, increase in tangible book value per common share to $5.91
  *1.10% return on average assets, down from 1.13%
  *$682.3 million of fully-taxable equivalent revenue, a 3% decrease
  *$8.9 million, or 2%, increase in fully-taxable equivalent net interest
    income, reflecting:

       *3.42% fully-taxable equivalent net interest margin, up 2 basis points
       *4% growth in average total loans
       *5% growth in average core deposits

  *$33.1 million, or 12%, decrease in noninterest income, reflecting a $24.2
    million, or 90%, decrease in gain on sale of loans
  *$19.9 million, or 4%, decrease in noninterest expense
  *Delivered positive operating leverage and a modest improvement in
    efficiency ratio
  *NCOs declined 38% and were an annualized 0.51% of total loans
  *19% decline in nonaccrual loans to 0.92% of total loans and leases, down
    from 1.15%

            Specific highlights compared with 2012 Fourth Quarter:

  *$54.9 million, or 7%, decrease in fully-taxable equivalent revenue,
    reflecting:

       *$9.4 million, or 2%, decrease in fully-taxable equivalent net
         interest income primarily due to fewer days in the quarter
       *3.42% fully-taxable equivalent net interest margin, down 3 basis
         points
       *5% annualized growth in average total loans
       *$18.1 million decrease in gain on sale of loans
       *$16.5 million decrease in mortgage banking income

  *$27.8 million, or 6%, decrease in noninterest expense
  *4.7 million shares repurchased at an average price of $7.07 per share

Business Wire

COLUMBUS, Ohio -- April 17, 2013

Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com) reported
2013 first quarter net income of $151.8 million, a decrease of $1.5 million,
or 1%, from the 2012 first quarter and a decrease of $15.5 million, or 9%,
from the 2012 fourth quarter. Earnings per common share were $0.17, unchanged
from the year ago quarter and down $0.02 from the prior quarter.

Huntington today announced two capital actions approved by the Board of
Directors. First, they declared a quarterly cash dividend on the company’s
common stock of $0.05 per common share. This represents a $0.01 per share, or
25%, increase from the prior quarter’s dividend. The dividend is payable July
1, 2013, to shareholders of record on June 17, 2013. Second, the Board also
approved the repurchase of up to $227 million of common stock. The new
repurchase authorization represents a $45 million, or 25%, increase from the
recently completed common stock repurchase authorization. Both actions were
proposed in the January 2013 capital plan, which received no objections from
the Federal Reserve.

Strategies Continue to Drive Business Performance

“The year is off to a solid start,” said Stephen D. Steinour, chairman,
president and chief executive officer. “This quarter’s results continue to
demonstrate that our strategies are working. We have differentiated Huntington
by investing in innovative products and customer services, including our Fair
Play approach. As a result, we are continuing to see double digit household
growth and recognition by national entities of our focus on outstanding
customer service.

“Huntington’s growth has occurred in a challenging economic and regulatory
environment. While some companies are hesitant to invest in light of the
uncertain economy, we will continue to look for areas where we can improve
efficiency, continue to deliver positive operating leverage, and selectively
invest in our businesses in order to drive our long-term profitability,”
Steinour added.

Table 1 – Earnings Performance Summary

                2013          2012
                    First           Fourth        Third         Second        First
($ in
millions,       Quarter         Quarter         Quarter         Quarter         Quarter
except per
share data)
Net Income          $ 151.8         $ 167.3         $ 167.8         $ 152.7         $ 153.3
Diluted
earnings              0.17            0.19            0.19            0.17            0.17
per common
share
                                                                                              
Return on
average               1.10    %       1.19    %       1.19    %       1.10    %       1.13    %
assets
Return on
average               10.7            11.6            11.9            11.1            11.4
common
equity
Return on
average
tangible              12.4            13.5            13.9            13.1            13.5
common
equity
Net
interest              3.42            3.45            3.38            3.42            3.40
margin
Efficiency            63.3            62.3            64.5            62.8            63.8
ratio
                                                                                              
Tangible
book value          $ 5.91          $ 5.78          $ 5.71          $ 5.49          $ 5.33
per common
share
Cash
dividends
declared              0.04            0.04            0.04            0.04            0.04
per common
share
Average
diluted
shares                848,708         853,306         863,588         867,551         869,164
outstanding
(000's)
                                                                                              
Average
earning             $ 50,960        $ 50,682        $ 51,330        $ 51,050        $ 49,767
assets
Average               40,864          40,397          40,120          41,179          39,145
loans
Average
core                  43,616          44,310          43,764          42,781          41,387
deposits
                                                                                              
Tangible
common
equity /              8.92    %       8.76    %       8.74    %       8.41    %       8.33    %
tangible
assets
ratio
Tier 1
common
risk-based            10.62           10.48           10.28           10.08           10.15
capital
ratio
                                                                                              
NCOs as a %
of average            0.51    %       0.69    %       1.05    %       0.82    %       0.85    %
loans and
leases
NAL ratio             0.92            1.00            1.11            1.19            1.15
ACL as a %
of total              1.91            1.99            2.09            2.28            2.37
loans and
leases
                                                                                              

Significant Items Influencing Financial Performance Comparisons

From time-to-time, revenue, expenses, or taxes are impacted by items we judge
to be outside of ordinary banking activities and/or by items that, while they
may be associated with ordinary banking activities, are so unusually large
that we believe their outsized impact at that time to be infrequent or short
term in nature. We believe the disclosure of such “Significant Items,” when
appropriate, aids analysts/investors in better understanding corporate
performance trends. (See Significant Items under the Basis of Presentation for
a full discussion.)

Table 2 highlights the Significant Items impacting reported results for the
prior four quarters. There were no significant items in the current quarter.

Table 2 – Significant Items Influencing Earnings Performance Comparisons

Three Months Ended                               Impact
(in millions, except per share)                      Amount ^(1)   EPS ^(2)
March 31, 2013 – net income                          $  151.8        $ 0.17
                                                                             
December 31, 2012 – net income                       $  167.3        $ 0.19
                                                                             
September 30, 2012 – net income                      $  167.8        $ 0.19
  *State deferred tax valuation allowance              19.5           0.02
    benefit
June 30, 2012 – net income                           $  152.7        $ 0.17
                                                                             
March 31, 2012 – net income                          $  153.3        $ 0.17
  *Bargain purchase gain, FDIC-assisted                11.4           0.01
    Fidelity Bank acquisition, pre-tax
  *Addition to litigation reserves, pre-tax            (23.5  )       (0.02 )
^(1) Favorable (unfavorable) impact on net
income; after-tax unless otherwise noted
^(2) EPS reflected on a fully diluted basis
                                                                             

Net Interest Income, Net Interest Margin, and Average Balance Sheet

Table 3 – Net Interest Income and Net Interest Margin Performance Summary

                        2013        2012                                                 
                            First         Fourth      Third       Second      First         Change
($ in millions)         Quarter       Quarter       Quarter       Quarter       Quarter       LQ        YOY
Net interest income         $ 424.2       $ 434.1       $ 430.3       $ 429.0       $ 417.2       (2  ) %     2     %
FTE adjustment           5.9         5.5         5.3         5.7         3.9        8         51   
Net interest income           430.1         439.5         435.6         434.7         421.1       (2  )       2
- FTE
Noninterest income       252.2       297.7       261.1       253.8       285.3      (15 )      (12 ) 
Total revenue - FTE     $ 682.3      $ 737.2      $ 696.6      $ 688.5      $ 706.5      (7  ) %     (3  ) %
                                                                                                                    
                                                                                                  Change bps
Yield / Cost                                                                        LQ          YOY
Total earning                 3.75  %       3.80  %       3.79  %       3.89  %       3.91  %     (5  )       (16 )
assets
Total loans and               4.03          4.13          4.12          4.18          4.21        (9  )       (18 )
leases
Total securities              2.39          2.38          2.41          2.45          2.50        1           (12 )
                                                                                                                    
Total
interest-bearing              0.45          0.50          0.58          0.63          0.68        (4  )       (23 )
liabilities
Total
interest-bearing              0.38          0.42          0.48          0.51          0.55        (4  )       (16 )
deposits
                                                                                                                    
Net interest rate             3.30          3.30          3.21          3.26          3.23        -           7
spread
Impact of
noninterest-bearing      0.12        0.15        0.17        0.16        0.17       (3  )      (5  ) 
funds on margin
Net interest margin      3.42  %      3.45  %      3.38  %      3.42  %      3.40  %     (3  )      2    
See Page 8 of Quarterly Financial Supplement for additional rate detail.
                                                                                                          

Fully-taxable equivalent net interest income increased $8.9 million, or 2%,
from the 2012 first quarter. This reflected the benefit of a $1.2 billion, or
2%, increase in average earning assets, coupled with a 2 basis point increase
in the fully-taxable equivalent net interest margin (NIM) to 3.42%. The
primary items impacting the increase in the NIM were:

  *20 basis point reduction in the cost of subordinated notes and other
    long-term debt, reflecting the benefit of the redemption of $230 million
    of trust preferred securities in 2012.
  *17 basis point positive impact from the reduction in total deposit costs.

Partially offset by:

  *18 basis point negative impact from the mix and yield of loans.
  *11 basis point negative impact from the yield on total securities.
  *5 basis point lower impact from noninterest-bearing funds.

Compared to the 2012 fourth quarter, fully-taxable equivalent net interest
income decreased $9.4 million, or 2%, reflecting the seasonal impact of a
fewer number of days as well as a 3 basis point decrease in NIM, partially
offset by a $0.3 billion increase in average earnings assets. The primary
items affecting the NIM were a 5 basis point negative impact from the mix and
yield of earning assets and a 3 basis point lower benefit from
noninterest-bearing funds, which were partially offset by a 5 basis point
positive impact from the reduction in total funding costs.

Table 4 – Average Earning Assets – C&I and Automobile Continue To Drive Growth

                  2013      2012                                         
                      First       Fourth    Third     Second    First       Change (%)
(in billions)     Quarter     Quarter     Quarter     Quarter     Quarter     LQ        YOY
Average Loans
and Leases
Commercial
and                   $  17.0     $  16.5     $  16.3     $  16.1     $  14.8     3     %     14    %
industrial
Commercial          5.3        5.5        5.7        6.1        5.9      (3  )      (10 ) 
real estate
Total               22.2       22.0       22.1       22.2       20.7     1         8    
commercial
Automobile               4.8         4.5         4.1         5.0         4.6      8           6
Home equity              8.4         8.3         8.4         8.3         8.2      1           2
Residential              5.0         5.2         5.2         5.3         5.2      (3  )       (4  )
mortgage
Other               0.4        0.4        0.4        0.5        0.5      (4  )      (15 ) 
consumer
Total               18.6       18.4       18.1       19.0       18.5     1         1    
consumer
Total loans         40.9       40.4       40.1       41.2       39.1     1         4    
and leases
                                                                                                    
Total                    9.3         9.4         9.3         9.3         9.3      (1  )       1
securities
Held-for-sale
and other                0.8         0.9         1.9         0.5         1.4      (14 )       (43 )
earning
assets
Total earning     $  51.0     $  50.7     $  51.3     $  51.1     $  49.8     1    %    2    %
assets
See Page 6 of Quarterly Financial Supplement for additional detail.
                                                                                          

Average earning assets increased $1.2 billion, or 2%, since the year-ago
quarter, driven by:

  *$2.1 billion, or 14%, growth in average Commercial and Industrial (C&I)
    loans. This reflected the continued growth across most business lines,
    with particularly strong growth in equipment finance, dealer floorplan,
    and health care.
  *$0.3 billion, or 6%, increase in automobile loans. No automobile loans
    were transferred to held for sale during the 2013 first quarter, as the
    only currently planned securitization is expected to be in the second half
    of 2013.

Partially offset by:

  *$0.6 billion, or 10%, decrease in average Commercial Real Estate (CRE)
    loans. This reflected continued runoff of the noncore and core portfolios
    as acceptable returns for new core origination were balanced against
    internal concentration limits and increased competition, particularly
    pricing, for high quality developers and projects.

  *$0.2 billion, or 4%, decrease in residential mortgages due to payoffs and
    the mix of originations shifted towards more saleable loans.

Similar trends were seen when comparing against the 2012 fourth quarter. The
$0.3 billion, or 1%, increase in average earning assets reflected a $0.4
billion, or 11% annualized, increase in C&I loans and a $0.3 billion, or 31%
annualized, increase in automobile loans. These were partially offset by the
$0.2 billion, or 13% annualized, decrease in CRE and $0.2 billion, or 14%
annualized, decrease in residential mortgages. Compared with December 31,
2012, end-of-period residential mortgages increased 7% annualized, and we
expect to keep a greater portion of mortgages on balance sheet.

Table 5 – Average Liabilities – Core Deposit Growth Offsets Reduction in
Borrowings

                     2013      2012                                         
                         First       Fourth    Third     Second    First       Change (%)
(in billions)        Quarter     Quarter     Quarter     Quarter     Quarter     LQ       YOY
Average Deposits
Demand deposits
- noninterest            $  12.2     $  13.1     $  12.3     $  12.1     $  11.3     (7 ) %     8     %
bearing
Demand deposits
- interest             6.0        5.8        5.8        5.9        5.6      2        6    
bearing
Total demand                18.1        19.0        18.1        18.0        16.9     (4 )       7
deposits
Money market                15.0        14.7        14.5        13.2        13.1     2          14
deposits
Savings and
other domestic              5.1         5.0         5.0         5.0         4.8      2          6
deposits
Core
certificates of        5.3        5.6        6.1        6.6        6.5      (5 )      (18 ) 
deposit
Total core                  43.6        44.3        43.8        42.8        41.4     (2 )       5
deposits
Other domestic
deposits of                 0.4         0.4         0.3         0.3         0.3      0          4
$250,000 or more
Brokered
deposits and                1.7         1.8         1.9         1.4         1.3      (3 )       30
negotiable CDs
Other deposits         0.3        0.3        0.4        0.4        0.4      (1 )      (21 ) 
Total deposits         46.0       46.8       46.3       44.9       43.5     (2 )      6    
                                                                                                      
Short and
long-term                   2.8         2.4         3.1         4.3         4.6      15         (39 )
borrowings
                                                                                                      
Total
interest-bearing     $  36.6     $  36.1     $  37.0     $  37.1     $  36.8     2   %     (0  ) %
liabilities
See Page 6 of Quarterly Financial Supplement for additional detail.
                                                                                                      

Average liabilities increased $0.7 billion, or 1%, from the first quarter
2012, primarily reflecting:

  *$1.9 billion, or 14%, increase in money market deposits.
  *$0.9 billion, or 8%, increase in average noninterest bearing demand
    deposits.

Partially offset by:

  *$1.8 billion, or 39%, decrease in FHLB advances and short- and long-term
    borrowings.
  *$1.2 billion, or 18%, decrease in average core certificates of deposit.

Compared to the 2012 fourth quarter, the $0.7 billion, or 6% annualized,
decrease in average total core deposits primarily reflected a $1.0 billion, or
29% annualized, decrease in average noninterest bearing deposits due to our
continued effort to reduce collateralized deposits. This was partially offset
by a $0.3 billion, or 8% annualized, increase in average money market
deposits. Compared with December 31, 2012, end-of-period noninterest bearing
deposits increased 5% annualized.

Noninterest Income

Table 6 – Noninterest Income – Lack of Securitization Drives Year Over Year
Decline

                2013        2012                                           
                    First         Fourth    Third     Second    First         Change (%)
(in             Quarter       Quarter     Quarter     Quarter     Quarter       LQ         YOY
millions)
Noninterest
Income
Service
charges on          $ 60.9        $ 68.1      $ 67.8      $ 66.0      $ 60.3        (11  ) %     1     %
deposit
accounts
Mortgage
banking               45.2          61.7        44.6        38.3        46.4        (27  )       (3  )
income
Trust                 31.2          31.4        29.7        29.9        30.9        (1   )       1
services
Electronic            20.7          21.0        22.1        20.5        18.6        (1   )       11
banking
Brokerage             18.0          17.4        16.5        19.0        19.3        3            (7  )
Income
Insurance             19.3          17.3        17.8        17.4        18.9        11           2
income
Gain on
sale of               2.6           20.7        6.6         4.1         26.8        (87  )       (90 )
loans
Bank owned
life                  13.4          13.8        14.4        14.0        13.9        (2   )       (4  )
insurance
income
Capital
markets               8.1           12.9        11.8        13.5        10.0        (38  )       (19 )
fees
Securities
(losses)              (0.5  )       0.9         4.2         0.4         (0.6  )     (159 )       (17 )
gains
Other            33.4        32.5       25.6       30.7       40.9       3          (18 ) 
income
Total
noninterest     $ 252.2      $ 297.7     $ 261.1     $ 253.8     $ 285.3      (15  ) %     (12 ) %
income
                                                                                                       

In the 2013 first quarter, noninterest income decreased $33.1 million, or 12%,
from the year-ago quarter, primarily reflecting:

  *$24.2 million, or 90%, decrease in gain on sale of loans related to the
    prior year’s automobile loan securitization.
  *$7.5 million, or 18%, decrease in other income related to the prior year’s
    $11.4 million bargain purchase gain from the FDIC-assisted Fidelity Bank
    acquisition and the $2.7 million decrease in operating lease income. 2013
    first quarter other noninterest income included a $7.6 million gain on the
    sale of Low Income Housing Tax Credit investments.

Compared to the 2012 fourth quarter, the $45.4 million, or 15%, decrease in
noninterest income reflected an $18.1 million, or 87%, decrease in gain on
sale of loans related to the prior quarter’s automobile loan securitization, a
$16.5 million, or 27%, decrease in mortgage banking income, a $7.2 million, or
11%, decrease in service charges on deposit accounts, and a $4.9 million, or
38%, decrease in capital markets activity. Lower than expected commercial
customer transactions negatively impacted both capital markets revenue and
service charges on commercial deposit accounts, more than offsetting the
favorable impact from continued robust growth in total commercial customer
relationship of 11.9% annualized during the quarter. The decrease in service
charges on deposit accounts also reflects typical seasonality and the February
implementation of a new posting order for consumer transaction accounts. The
full-year impact from the new posting order, which was incorporated into
previous 2013 guidance, is estimated to be between $25 million and $30
million. Consumer household checking account growth of 11.8% annualized during
the quarter partially offset the unfavorable impact from the new posting
order.

Noninterest Expense

Table 7 – Noninterest Expense – Meaningful Decreases in Other Expenses Drives
Improvement

                   2013      2012                                                     
                       First       Fourth    Third     Second      First       Change (%)
(in millions)      Quarter     Quarter     Quarter     Quarter       Quarter     LQ          YOY
Noninterest
Expense
Personnel              $ 258.9     $ 254.0     $ 247.7     $ 243.0       $ 243.5     2     %     6     %
costs
Outside data
processing and           49.3        48.7        50.4        48.6          42.6      1           16
other services
Net occupancy            30.1        29.0        27.6        25.5          29.1      4           4
Equipment                24.9        26.6        26.0        24.9          25.5      (6  )       (3  )
Deposit and
other                    15.5        16.3        15.5        15.7          20.7      (5  )       (25 )
insurance
expense
Professional             7.2         22.5        17.5        15.0          10.7      (68 )       (33 )
services
Marketing                11.0        16.5        16.8        17.4          13.6      (33 )       (19 )
Amortization             10.3        11.6        11.4        11.9          11.5      (11 )       (11 )
of intangibles
OREO and
foreclosure              2.7         4.2         5.0         4.1           5.0       (37 )       (46 )
expense
Loss (Gain) on
early                    -           -           1.8         (2.6  )       -         -           -
extinguishment
of debt
Other expense       33.0       41.2       38.6       40.7        60.5      (20 )      (45 ) 
Total
noninterest        $ 442.8     $ 470.6     $ 458.3     $ 444.3      $ 462.7     (6  ) %    (4  ) %
expense
                                                                                                       
(in thousands)
Number of
employees                12.1        11.8        11.7        11.4          11.2      0     %     2     %
(full-time
equivalent)
                                                                                                       

In the 2013 first quarter, noninterest expense decreased $19.9 million, or 4%,
from the year-ago quarter, primarily reflecting:

  *$27.5 million, or 45%, decrease in other expense, reflecting a $2.1
    million, or 73%, decrease to $0.8 million in operating lease expense as
    the automobile lease portfolio continues to run off and is expected to be
    essentially zero by the end of the year. The year ago quarter also
    included a $23.5 million addition to litigation reserves.
  *$5.2 million, or 25%, decrease in deposit and other insurance expense,
    reflecting lower insurance premiums.
  *$3.5 million, or 33%, decrease in professional services, reflecting a
    decrease in legal and outside consultant expenses.

Partially offset by:

  *$15.4 million, or 6%, increase in personnel costs, reflecting an increase
    in the number of full-time equivalent employees as well as increased
    salaries and benefits.
  *$6.7 million, or 16%, increase in outside data processing and other
    services primarily related to continued IT infrastructure investments.

Noninterest expense decreased $27.8 million, or 6%, from the prior quarter as
professional services decreased $15.3 million, 68%, primarily reflecting the
decline in regulatory-related expenses. Other expenses decreased $8.2 million,
or 20%, due to lower litigation and travel expenses, while marketing decreased
$5.5 million, or 33%, as the latest advertising campaign did not launch until
late in the quarter. Personnel costs increased $4.9 million, or 2%, reflecting
the approximately $8 million of costs related to the annual payroll tax
resets, partially offset by approximately $5 million in lower commission
expense due to lower levels of capital markets and other customer-related
activities.

Credit Quality

Table 8 – Summary Credit Quality Metrics – Continued Improvement

                       2013          2012
($ in thousands)           Mar. 31         Dec. 31       Sep. 30       Jun. 30       Mar. 31
Total nonaccrual           $ 380,311       $ 407,633       $ 445,046       $ 474,166       $ 467,558
loans and leases
Total other real             25,139          28,097          54,206          38,608          48,747
estate, net
Other NPAs ^(1)             10,045        10,045        10,476        10,476        10,772  
Total
nonperforming              $ 415,495       $ 445,775       $ 509,728       $ 523,250       $ 527,077
assets^(2)
Accruing loans and
leases past due 90          108,423       110,316       108,219       95,555        60,557  
days or more
NPAs + accruing
loans and lease            $ 523,918       $ 556,091       $ 617,947       $ 618,805       $ 587,634
past due 90 days
or more
                                                                                                     
NAL ratio ^(2)               0.92    %       1.00    %       1.11    %       1.19    %       1.15    %
NPA ratio ^(3)               1.01            1.09            1.26            1.31            1.29
(NPAs+90                     1.48            1.59            1.75            1.76            1.68
days)/(Loans+OREO)
                                                                                                     
Provision for              $ 29,592        $ 39,458        $ 37,004        $ 36,520        $ 34,406
credit losses
Net charge-offs              51,687          70,130          105,095         84,245          82,992
Net charge-offs /
Average total                0.51    %       0.69    %       1.05    %       0.82    %       0.85    %
loans
                                                                                                     
Allowance for
loans and lease            $ 746,769       $ 769,075       $ 789,142       $ 859,646       $ 913,069
losses
Allowance for
unfunded loan               40,855         40,651         53,563         50,978         50,934
commitments and
letters of credit
Allowance for
credit losses              $ 787,624       $ 809,726       $ 842,705       $ 910,624       $ 964,003
(ACL)
                                                                                                     
ACL as a % of:
Total loans and              1.91    %       1.99    %       2.09    %       2.28    %       2.37    %
leases
NALs                         207             199             189             192             206
NPAs                         190             182             165             174             183
                                                                                                     
(1) Other nonperforming assets represent an investment security backed by a municipal bond.
(2) NPA’s related to Chapter 7 bankruptcy: 3Q12 - $63.0 MM, 4Q12 - $60.1 MM, and 1Q13 - $59.9 MM
(3) Total NALs as a % of total loans and leases
(4) Total NPAs as a % of sum of loans and leases, impaired loans held for sale, and net other real
estate.
See Pages 11 through 14 of Quarterly Financial Supplement for additional detail.
                                                                                                     

Credit quality performance in the 2013 first quarter reflected continued
improvement. Nonaccrual loans (NALs) declined $87.2 million, or 19%, from the
2012 first quarter and $27.3 million, or 7%, from the 2012 fourth quarter to
$380.3 million, or 0.92% of total loans and leases. Nonperforming assets
(NPAs) declined $111.6 million, or 21%, compared to the year-ago quarter and
$30.3 million, or 7%, from the 2012 fourth quarter to $415.5 million, or 1.01%
of total loans and leases, OREO, and other NPAs. The decreases primarily
reflected meaningful improvement in commercial NALs.

The provision for credit losses decreased $4.8 million, or 14%, from the 2012
first quarter. Net charge-offs (NCOs) benefited from higher levels of
recoveries than experienced over the last year and were $51.7 million, down
38% from $83.0 million in the year-ago quarter. NCOs were an annualized 0.51%
of average loans and leases in the current quarter, down from 0.85% in the
2012 first quarter. Given the absolute low levels of NCOs, high levels of
volatility are expected for the remainder of the year. The period-end
allowance for credit losses (ACL) as a percentage of total loans and leases
decreased to 1.91% from 2.37% a year ago, while the ACL as a percentage of
period-end total NALs increased to 207% from 206%.

Total accruing loans and leases over 90 days past due, excluding loans
guaranteed by the U.S. Government, were $108.4 million at March 31, 2013, down
$1.9 million, or 2%, from the end of the prior quarter, and up $47.9 million,
or 79%, from the end of the year-ago period. On this same basis, the over
90-day delinquency ratio was 0.26% at March 31, 2013, down one basis point
from the end of the prior quarter and up 11 basis points from the end of the
year-ago quarter.

Total troubled debt restructured loans were $913.7 million at March 31, 2013,
up $38.1 million, or 4%, from December 31, 2012 and up $137.6 million, or 18%,
from March 31, 2012.

Capital

Table 9 – Capital Ratios – TCE and Tier 1 Common Continue to Build

                  2013         2012
(in millions)         Mar. 31        Dec. 31,     Sep. 30      Jun. 30      Mar. 31
Tangible
common equity           8.92   %       8.76   %       8.74   %       8.41   %       8.33   %
/ tangible
assets ratio
                                                                                  
Tier 1 common
risk-based              10.62  %       10.48  %       10.28  %       10.08  %       10.15  %
capital ratio
                                                                                  
Regulatory
Tier 1                  12.16  %       12.02  %       11.88  %       11.93  %       12.22  %
risk-based
capital ratio
Excess over           $ 2,953        $ 2,876        $ 2,831        $ 2,840        $ 2,906
6.0% ^(1)
                                                                                  
Regulatory
Total                   14.55  %       14.50  %       14.37  %       14.42  %       14.76  %
risk-based
capital ratio
Excess over           $ 2,181        $ 2,150        $ 2,104        $ 2,117        $ 2,224
10.0% ^(1)
                                                                                  
Total
risk-weighted         $ 47,937       $ 47,773       $ 48,147       $ 47,890       $ 46,716
assets
                                                                                  
(1)"Well-capitalized" regulatory threshold
See Page 15 of Quarterly Financial Supplement for additional detail.
                                                                                  

The tangible common equity to tangible assets ratio at March 31, 2013 was
8.92%, up 59 basis points from the year ago quarter. Our Tier 1 common
risk-based capital ratio at quarter end was 10.62%, up from 10.15% at the end
of the 2012 first quarter. The regulatory Tier 1 risk-based capital ratio at
March 31, 2013 was 12.16%, down from 12.22% at March 31, 2012. The decline in
the regulatory Tier 1 risk-based capital ratio primarily reflected the
redemption of $230 million of trust preferred securities during 2012. All
capital ratios were impacted by the repurchase of 28.1 million common shares
over the last four quarters, of which 4.7 million were repurchased in the 2013
first quarter at an average price per share of $7.07.

Commenting on capital, Steinour said, “Reinvesting excess capital to grow the
business organically remains our first priority. Importantly, through
dividends and share repurchases, we have the flexibility, subject to market
conditions and regulatory approval, to return a meaningful amount of our
earnings to the owners of the company. We continue to evaluate other capital
actions. As we have shown over the last several years, we will maintain a high
level of discipline when considering M&A.”

Income Taxes

The provision for income taxes in the 2013 first quarter was $52.2 million,
$54.3 million in the 2012 fourth quarter, and $52.2 million in the 2012 first
quarter. The effective tax rates for the 2013 first quarter, 2012 fourth
quarter, and 2012 first quarter were 25.6%, 24.5%, and 25.4%, respectively. At
March 31, 2013, we had a net federal deferred tax asset of $116.9 million and
a net state deferred tax asset of $37.4 million. Based on both positive and
negative evidence and our level of forecasted future taxable income, there was
no impairment to the net federal and net state deferred tax assets at March
31, 2013. As of March 31, 2013 and December 31, 2012, there was no disallowed
deferred tax asset for regulatory capital purposes.

2013 Expectations

“We are starting to see positive signs in both our business and consumer
customer bases as the economic recovery progresses. We believe the soundness
of our strategies will continue to drive growth and improve our profitability.
Our retail customers and our mortgage lending businesses are benefiting from
recovering housing markets,” said Steinour. “Although a recent uptick among
our business customers of drawing down cash balances to support working
capital needs and to fund new projects has negative near-term implications on
our balance sheet, we are encouraged by this activity as it suggests improving
confidence among business owners and implies a more robust long-term economic
outlook. Competition continues to pressure asset yields and more recently loan
structure, but we will remain disciplined as we manage our aggregate
moderate-to-low risk profile,” said Steinour.

Net interest income is expected to modestly grow over the course of 2013, as
we anticipate an increase in total loans, excluding the impact of any future
loan securitizations. However, those benefits to net interest income are
expected to be mostly offset by downward NIM pressure. 2013 NIM is not
expected to fall below the mid 3.30%’s due to continued deposit repricing and
mix shift opportunities while maintaining a disciplined approach to loan
pricing.

The C&I portfolio is expected to continue to see growth in 2013, although we
expect growth will be more heavily weighted to the back half of the year as
the economic recovery progresses. Our C&I sales pipeline remains robust with
much of this reflecting the positive impact from our investments in
specialized commercial verticals, focused OCR sales process and continued
support of middle market and small business lending. While on-balance sheet
loans are expected to increase, we will continue to evaluate the use of
automobile loan securitizations due to our expectation of continued strong
levels of originations. We currently anticipate one securitization in the
second half of 2013. Residential mortgages and home equity loan balances are
expected to increase modestly. CRE loans likely will experience declines from
current levels but are expected to remain in the $5 billion range.

Excluding potential future automobile loan securitizations, we anticipate the
increase in total loans will modestly outpace growth in total deposits. This
reflects our continued focus on the overall cost of funds, the continued shift
towards low- and no-cost demand deposits and money market deposit accounts.

Noninterest income over the course of the year, excluding the impact of any
automobile loan sales and any net MSR impact, is expected to be at similar
levels as 2012. The anticipated slowdown in mortgage banking activity is
expected to be offset by continued growth in new customers, increased
contribution from higher cross-sell, and the continued maturation of our
previous strategic investments.

Noninterest expense in the 2013 first quarter was below our expected average
quarterly run rate for the year. Second quarter expenses are expected to
increase due to higher commission expense related to a more normal level of
commercial customer-related activity, annual merit increases, higher marketing
expense as we continue the launch of our new media campaign, and equipment
related to our continued in-store expansion. We remain committed to posting
positive operating leverage in 2013 as growth in total revenue is expected to
outpace total expense growth.

Overall credit quality is expected to experience continued improvement, and
NCOs while in the normalized range this quarter, are expected to remain
volatile but reach normalized levels by the end of 2013. The level of
provision for credit losses was at the low end of our long-term expectation,
and we expect some quarterly volatility within each of the loan categories
given the absolute low level of the provision for credit losses and the
uncertain and uneven nature of the economic recovery.

We anticipate an effective tax rate for the remainder of 2013 to be in the
range of 25% to 28%, primarily reflecting the impacts of tax-exempt income,
tax advantaged investments, and general business credits.

Conference Call / Webcast Information

Huntington’s senior management will host an earnings conference call on
Wednesday, April 17, 2013, at 10:00 a.m. (Eastern Time). The call may be
accessed via a live Internet webcast at www.huntington-ir.com or through a
dial-in telephone number at (877) 684-3807; Conference ID 21477583. Slides
will be available at www.huntington-ir.com about an hour prior to the call. A
replay of the webcast will be archived in the Investor Relations section of
Huntington’s web site, www.huntington.com. A telephone replay will be
available two hours after the completion of the call through April 30, 2013 at
(855) 859-2056; Conference ID 21477583.

Please see the 2013 First Quarter Quarterly Financial Supplement for
additional detailed financial performance metrics. This document can be found
at: http://www.investquest.com/iq/h/hban/ne/news/index.htm

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, the American Taxpayer Relief
Act of 2012, the Consolidated and Further Continuing Appropriations Act of
2013, 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, regulations including those related to the Dodd-Frank Wall
Street Reform and Consumer Protection Act, OCC, Federal Reserve, and CFPB; 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.

Basis of Presentation

Use of Non-GAAP Financial Measures

This document may contain GAAP financial measures and non-GAAP financial
measures where management believes it to be helpful in understanding
Huntington’s results of operations or financial position. Where non-GAAP
financial measures are used, the comparable GAAP financial measure, as well as
the reconciliation to the comparable GAAP financial measure, can be found in
this fourth quarter earnings conference call slides, or the Form 8-K related
to this document, all of which can be found on Huntington’s website at
www.huntington-ir.com.

Significant Items

From time to time, revenue, expenses, or taxes are impacted by items judged by
Management to be outside of ordinary banking activities and/or by items that,
while they may be associated with ordinary banking activities, are so
unusually large that their outsized impact is believed by Management at that
time to be infrequent or short term in nature. We refer to such items as
"Significant Items". Most often, these Significant Items result from factors
originating outside the company – e.g., regulatory actions/assessments,
windfall gains, changes in accounting principles, one-time tax
assessments/refunds, litigation actions, etc. In other cases they may result
from Management decisions associated with significant corporate actions out of
the ordinary course of business – e.g., merger/restructuring charges,
recapitalization actions, goodwill impairment, etc.

Even though certain revenue and expense items are naturally subject to more
volatility than others due to changes in market and economic environment
conditions, as a general rule volatility alone does not define a Significant
Item. For example, changes in the provision for credit losses, gains/losses
from investment activities, asset valuation write-downs, etc., reflect
ordinary banking activities and are, therefore, typically excluded from
consideration as a Significant Item.

Management believes the disclosure of “Significant Items”, when appropriate,
aids analysts/investors in better understanding corporate performance and
trends so that they can ascertain which of such items, if any, they may wish
to include/exclude from their analysis of the company’s performance - i.e.,
within the context of determining how that performance differed from their
expectations, as well as how, if at all, to adjust their estimates of future
performance accordingly. To this end, Management has adopted a practice of
listing “Significant Items” in its external disclosure documents (e.g.,
earnings press releases, quarterly performance discussions, investor
presentations, Forms 10-Q and 10-K).

“Significant Items” for any particular period are not intended to be a
complete list of items that may materially impact current or future period
performance. A number of items could materially impact these periods,
including those described in Huntington’s 2012 Annual Report on Form 10-K and
other factors described from time to time in Huntington’s other filings with
the Securities and Exchange Commission.

Annualized data

Certain returns, yields, performance ratios, or quarterly growth rates are
presented on an “annualized” basis. This is done for analytical and
decision-making purposes to better discern underlying performance trends when
compared to full year or year-over-year amounts. For example, loan and deposit
growth rates, as well as net charge-off percentages, are most often expressed
in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter
would represent an annualized 8% growth rate.

Fully-taxable equivalent interest income and net interest margin

Income from tax-exempt earning assets is increased by an amount equivalent to
the taxes that would have been paid if this income had been taxable at
statutory rates. This adjustment puts all earning assets, most notably
tax-exempt municipal securities and certain lease assets, on a common basis
that facilitates comparison of results to results of competitors.

Earnings per share equivalent data

Significant income or expense items may be expressed on a per common share
basis. This is done for analytical and decision-making purposes to better
discern underlying trends in total corporate earnings per share performance
excluding the impact of such items. Investors may also find this information
helpful in their evaluation of the company’s financial performance against
published earnings per share mean estimate amounts, which typically exclude
the impact of Significant Items. Earnings per share equivalents are usually
calculated by applying a 35% effective tax rate to a pre-tax amount to derive
an after-tax amount, which is divided by the average shares outstanding during
the respective reporting period. Occasionally, when the item involves special
tax treatment, the after-tax amount is disclosed separately, with this then
being the amount used to calculate the earnings per share equivalent.

Rounding

Please note that columns of data in this document may not add due to rounding.

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 700 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 1,400 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.

Contact:

Huntington Bancshares Incorporated
Analysts:
Todd Beekman, 614-480-3878
todd.beekman@huntington.com
or
Mark Muth, 614-480-4720
mark.muth@huntington.com
or
Media:
Maureen Brown, 614-480-5512
maureen.brown@huntington.com