Summary of HUNTINGTON BANCSHARES INC/MD

Item 2.02. Results of Operations and Financial Condition.
On October 22, 2009, Huntington Bancshares Incorporated ("Huntington") issued a news release announcing its earnings for the quarter ended September 30, 2009. Also on October 22, 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 October 22, 2009, at 1:00 p.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 800-267-7495, conference ID 33264378. Slides will be available at www.huntington-ir.com just prior to 1:00 p.m. (Eastern Time) on October 22, 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 October 31, 2009, at 800-642-1687; conference call ID 33264378.
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 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. 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. 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
                              Third         Second          First          Fourth          Third
(in millions)                Quarter        Quarter        Quarter         Quarter        Quarter
(Loss) Income Before
Income Taxes                $  (257.4 )    $  (137.8 )    $ (2,685.0 )    $  (669.2 )    $     92.1
Add: Provision for
credit losses                   475.1          413.7           291.8          722.6           125.4
Less: Securities gains
(losses)                         (2.4 )         (7.3 )           2.1         (127.1 )         (73.8 )
Add: Amortization of
intangibles                      17.0           17.1            17.1           19.2            19.5
Less: Significant items
Gain on the redemption
of junior subordinate
debt                                -           67.4               -              -               -
Goodwill impairment                 -           (4.2 )      (2,602.7 )            -               -
Gain related to Visa Ž
stock                               -           31.4               -              -               -
FDIC special assessment             -          (23.6 )             -              -               -
Gain on the
extinguishment of debt              -              -               -              -            21.4
Visa Ž anti-trust
indemnification                     -              -               -            4.6               -

Pre-tax, Pre-provision
Income                      $   237.1      $   229.3      $    224.6      $   195.1      $    289.4

LQ Change - Amount          $     7.8      $     4.7      $     29.5      $   (94.3 )    $     38.2
LQ Change - Percent               3.4 %          2.1 %          15.1 %        -32.6 %          15.2 %

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)                           September 30,       June 30,        March 31,        December 31,        September 30,

Tangible common equity to asset
ratio:

Total shareholders' equity             $         5,675      $   5,221      $     4,815      $        7,229      $         6,376
Shareholders' preferred equity                  (1,683 )       (1,679 )         (1,768 )            (1,878 )               (569 )

                                                 3,992          3,542            3,047               5,351                5,807
Goodwill                                          (444 )         (448 )           (452 )            (3,055 )             (3,056 )
Intangible assets                                 (303 )         (322 )           (340 )              (357 )               (376 )
Intangible asset deferred tax
liability (1)                                      106            112              119                 125                  131

Total tangible common equity           $         3,351      $   2,884      $     2,374      $        2,064      $         2,506


Total assets                           $        52,513      $  51,397      $    51,702      $       54,353      $        54,661
Goodwill                                          (444 )         (448 )           (452 )            (3,055 )             (3,056 )
Other intangible assets                           (303 )         (322 )           (340 )              (357 )               (376 )
Intangible asset deferred tax
liability (1)                                      106            112              119                 125                  131

Total tangible assets                  $        51,872      $  50,739      $    51,029      $       51,066      $        51,360


Tangible common equity to asset
ratio                                             6.46 %         5.68 %           4.65 %              4.04 %               4.88 %

Tier 1 common risk-based capital
ratio

Tier 1 capital                         $         5,756      $   5,390      $     5,167      $        5,036      $         4,101
Shareholders' preferred equity                  (1,683 )       (1,679 )         (1,768 )            (1,878 )               (569 )
Trust preferred securities                        (570 )         (570 )           (736 )              (736 )               (736 )
REIT preferred stock                               (50 )          (50 )            (50 )               (50 )                (50 )

Tier 1 common                          $         3,453      $   3,091      $     2,613      $        2,372      $         2,746

Risk weighted assets                   $        44,128      $  45,463      $    46,383      $       46,994      $        46,608


Tier 1 common risk-based capital
ratio                                             7.82 %         6.80 %           5.63 %              5.05 %               5.89 %

(1) Intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.

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 October 22, 2009.
Exhibit 99.2 - Quarterly Financial Review, September 2009.