Summary of HUNTINGTON BANCSHARES INC/MD

Item 2.02. Results of Operations and Financial Condition.
On July 23, 2009, Huntington Bancshares Incorporated ("Huntington") issued a news release announcing its earnings for the quarter ended June 30, 2009. Also on July 23, 2009, Huntington made a Quarterly Financial Review available on its web site, www.huntington-ir.com.
Huntington's senior management will host an earnings conference call July 23, 2009, at 1:00 p.m. EST. The call may be accessed via a live Internet webcast at www.huntington-ir.com or through a dial-in telephone number at 800-267-7495, conference ID 17990513. Slides will be available at www.huntington-ir.com just prior to 1:00 p.m. EST on July 23, 2009, for review during the call. A replay of the web cast will be archived in the Investor Relations section of Huntington's web site at www.huntington-ir.com. A telephone replay will be available two hours after the completion of the call through July 31, 2009, at 800-642-1687; conference call ID 17990513.
The information contained or incorporated by reference in this Current Report on Form 8-K contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: (1) deterioration in the loan portfolio could be worse than expected due to a number of factors such as the underlying value of the collateral could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected; (2) changes in economic conditions; (3) movements in interest rates; (4) competitive pressures on product pricing and services; (5) success and timing of other business strategies; (6) the nature, extent, and timing of governmental actions and reforms, including existing and potential future restrictions and limitations imposed in connection with the Troubled Asset Relief Program's voluntary Capital Purchase Plan or otherwise under the Emergency Economic Stabilization Act of 2008, and (7) extended disruption of vital infrastructure. Additional factors that could cause results to differ materially from those described above can be found in Huntington's 2008 Annual Report on Form 10-K, and documents subsequently filed by Huntington with the Securities and Exchange Commission. All forward-looking statements contained or incorporated by reference in this Current Report on Form 8-K are based on information available at the time of the release. Huntington assumes no obligation to update any forward-looking statement.
Certain information provided in the news release attached as Exhibit 99.1 regarding net charge-offs excludes information about Franklin Credit Management Corporation (Franklin) from the narrative and, therefore, may be deemed to be a non-GAAP financial measure as contemplated by Item 10(e) of Regulation S-K (a non-GAAP financial measure). Below is a reconciliation of this non-GAAP financial measure to the most directly comparable financial measure calculated and presented in accordance with Generally Accepted Accounting Principles (GAAP).

                                                                     2009
   (in millions)                                            Second          First
   Commercial and industrial net charge-offs
   Total                                                   $    98.3      $   210.6
   Franklin                                                      9.9         (128.3 )

   Non-Franklin                                            $   108.2      $    82.3


   Commercial and industrial average loan balances
   Total                                                   $  13,523      $  13,541
   Franklin                                                        -         (628.0 )

   Non-Franklin                                            $  13,523      $  12,913


   Commercial and industrial net charge-offs -
   annualized percentages
   Total                                                        2.91 %         6.22 %
   Non-Franklin                                                 3.20 %         2.55 %

Certain information provided in the news release attached as Exhibit 99.1 regarding pre-tax, pre-provision income excludes provision expense, investment securities gains/losses, amortization of intangibles expense, and certain specified significant items and, therefore, may be deemed to be a non-GAAP financial measure. Below is a reconciliation of this non-GAAP financial measure to the most directly comparable financial measure calculated and presented in accordance with GAAP.

                                      2009                                   2008
                             Second          First          Fourth          Third           Second
(in millions)                Quarter        Quarter         Quarter        Quarter         Quarter
(Loss) Income Before
Income Taxes                $  (137.8 )    $ (2,685.0 )    $  (669.2 )    $     92.1      $    127.7

Add: Provision for
credit losses                   413.7           291.8          722.6           125.4           120.8
Less: Securities gains
(losses)                         (7.3 )           2.1         (127.1 )         (73.8 )           2.1
Add: Amortization of
intangibles                      17.1            17.1           19.2            19.5            19.3
Less: Significant (1)
items
Trust preferred gain             67.4               -              -               -               -
Goodwill impairment              (4.2 )      (2,602.7 )            -               -               -
Gain related to Visa®
stock                            31.4               -              -               -               -
FDIC special assessment         (23.6 )             -              -               -               -
Visa® anti-trust
indemnification                     -               -            4.6               -               -
Merger/restructuring
costs                               -               -              -               -           (14.6 )

Pre-tax, Pre-provision
Income                      $   229.3      $    224.6      $   199.6      $    310.8      $    265.7


LQ Change - Amount          $     4.7      $     25.0      $  (111.1 )    $     45.0      $     31.3
LQ Change - Percent               2.1 %          12.5 %        -35.8 %          16.9 %          13.3 %

(1) 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 the time to be one-time or short-term in nature. These
Significant
Items are
excluded from
our pre-tax,
pre-provision
income
because
Management
believes they
may distort
the company's
underlying
performance
trends.

Exhibit 99.2 includes certain ratios, specifically the tangible common equity ratio, and the Tier 1 common risk-based capital ratio, which are non-GAAP financial measures. These non-GAAP financial measures are included in this report because the Federal Reserve indicated that as part of their Supervisory Capital Assessment Program (SCAP), a year-end 2010 Tier 1 common risk-based capital ratio of 4.0% would be needed. Although Huntington is not one of the SCAP bank holding companies, the market has accepted this as a "de facto" standard for being adequately capitalized since 10 of the 19 bank holding companies included in SCAP were directed to increase their capital levels to meet this targeted threshold. Other companies may calculate these financial measures differently. Risk-weighted assets are calculated under regulatory capital rules applicable to us as discussed more fully on page 10 of our Form 10-K. The tangible common equity ratio, tangible assets, and Tier 1 common risk-based capital ratio were calculated as follows:
Capital Adequacy Reconciliations

                                          2009                                      2008
(in millions)                   June 30,       March 31,       December 31,       September 30,       June 30,

Tangible common equity to
asset ratio:

Total shareholders' equity     $    5,221     $     4,815     $        7,229               6,376          6,383
Shareholders' preferred
equity                             (1,679 )        (1,768 )           (1,878 )              (569 )         (569 )

                                    3,542           3,047              5,351               5,807          5,814
Goodwill                             (448 )          (452 )           (3,055 )            (3,056 )       (3,057 )
Intangible assets                    (322 )          (340 )             (357 )              (376 )         (395 )
Intangible asset deferred
tax liability (1)                     113             119                125                 132            138

Total tangible common equity   $    2,884     $     2,374     $        2,064     $         2,507     $    2,500


Total assets                   $   51,397     $    51,702     $       54,353     $        54,681     $   55,350
Goodwill                             (448 )          (452 )           (3,055 )            (3,056 )       (3,057 )
Other intangible assets              (322 )          (340 )             (357 )              (376 )         (395 )
Intangible asset deferred
tax liability (1)                     113             119                125                 132            138

Total tangible assets          $   50,740     $    51,029     $       51,066     $        51,381     $   52,036


Tangible common equity to
asset ratio                          5.68 %          4.65 %             4.04 %              4.88 %         4.81 %

Tier 1 common risk-based
capital ratio

Tier 1 capital                 $    5,390     $     5,167     $        5,036               4,101          4,110
Shareholders' preferred
equity                             (1,679 )        (1,768 )           (1,878 )              (569 )         (569 )
Trust preferred securities           (570 )          (736 )             (736 )              (736 )         (785 )
REIT preferred stock                  (50 )           (50 )              (50 )               (50 )          (50 )

Tier 1 common                  $    3,091     $     2,613     $        2,372     $         2,746     $    2,706


Risk weighted assets           $   45,457     $    46,313     $       46,994     $        46,608     $   46,602


Tier 1 common risk-based
capital ratio                        6.80 %          5.64 %             5.05 %              5.89 %         5.81 %

The information contained or incorporated by reference in Item 2.02 of this Form 8-K shall be treated as "furnished" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Item 9.01. Financial Statements and Exhibits.
The exhibits referenced below shall be treated as "furnished" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.
(d) Exhibits. Exhibit 99.1 - News release of Huntington Bancshares Incorporated, dated July 23, 2009.
Exhibit 99.2 - Quarterly Financial Review, June 2009.