- A bank invested in people.®
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Huntington Bancshares Incorporated Reports
on Annual Meeting CONTACT:
COLUMBUS, Ohio -- April 27, 2005 -- Shareholders
of Huntington Bancshares Incorporated (Nasdaq: HBAN) today re-elected
four directors and ratified the appointment of Deloitte &
Touche LLP as independent auditors for 2005. Speaking at the company's annual meeting of shareholders, Thomas E. Hoaglin, Huntington chairman, president, and chief executive officer described financial performance highlights for 2004, including record earnings per share of $1.71, strong growth in total loans and leases, core deposits, and strong credit quality performance. He also noted growth in market share and improved market share rankings, increases in customer bases, and improved effectiveness in meeting and serving the needs of the company's customers across all business segments. "Huntington made a lot of progress on many fronts last year," Hoaglin said. "I am pleased to report that Huntington associates remain energized and focused and our results show the progress we are making. Our model of decentralized decision-making by associates empowered to serve their customers and communities, supported by sophisticated 'national' resources, is working well." Re-elected Directors are Don M. Casto III, Michael
J. Endres, Wm. J. Lhota and David L. Porteous. Incumbent Directors
are Raymond J. Biggs, John B. Gerlach, Jr., Karen A. Holbrook,
Thomas E. Hoaglin, David P. Lauer, Kathleen H. Ransier, and
Robert H. Schottenstein. 7.5% Increase in Quarterly Cash Dividend Declared Today the company announced that the board of
directors has declared a quarterly cash dividend on its common
stock of $0.215 per common share, a 7.5% increase from the current
quarterly dividend of $0.20 per common share. The dividend is
payable July 1, 2005, to shareholders of record on June 16,
2005. "We are especially pleased to announce this
increase in our common stock dividend," said Thomas Hoaglin,
chairman, president and chief executive officer. "This
comes only three quarters after our last increase, and the board
is very pleased that our improved performance and optimism for
continued progress enables us to take this action." Forward-looking Statement This press release contains certain forward-looking
statements, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks,
and uncertainties. A number of factors, including but not limited
to those set forth under the heading "Business Risks"
included in Item 1 of Huntington's Annual Report on Form 10-K
for the year ended December 31, 2004, and other factors described
from time to time in Huntington's other filings with the Securities
and Exchange Commission, could cause actual conditions, events,
or results to differ significantly from those described in the
forward-looking statements. All forward-looking statements included
in this news release are based on information available at the
time of the release. Huntington assumes no obligation to update
any forward- looking statement. About Huntington Huntington Bancshares Incorporated is a $33 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has more than 139 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through more than 300 regional banking offices in Indiana, Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail and commercial financial services online at www.huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of approximately 700 ATMs. Selected financial service activities are also conducted in other states including: Dealer Sales offices in Arizona, Florida, Georgia, Tennessee and Pennsylvania; Private Financial Group offices in Florida; and Mortgage Banking offices in Florida, Maryland, and New Jersey. International banking services are made available through the headquarters office in Columbus and an office located in the Cayman Islands and an office located in Hong Kong.
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| Member FDIC.
Equal Housing Lender.
®, Huntington®, and A bank invested in people®
are federally registered service marks of Huntington Bancshares Incorporated. © Huntington Bancshares Incorporated
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