Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 226

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 226
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 14.2 Tier 1 leverage ratio8.6 9.3 

(1)Huntington elected to temporarily delay certain effects of CECL on regulatory capital for two years, followed by a three-year transition period which began January 1, 2022 pursuant to a rule that allows bank holding companies and banks to delay for two years 100% of the day-one impact of adopting CECL and 25% of the cumulative change in the reported allowance for credit losses since adopting CECL. As of December 31, 2024 and December 31, 2023, we have phased in 75% and 50%, respectively, of the cumulative CECL deferral, with the cumulative CECL deferral fully phased in beginning January 1, 2025.

Table 23 - Capital Adequacy—Non-Regulatory (Non-GAAP)At December 31,(dollar amounts in millions)20242023Consolidated capital calculations:Total shareholders’ equity$19,740 $19,353 Goodwill and other intangible assets(5,657)(5,704)Deferred tax liability on other intangible assets (1)20 30 Total tangible equity (2)14,103 13,679 Preferred equity(1,989)(2,394)Total tangible common equity (2)$12,114 $11,285 Total assets$204,230 $189,368 Goodwill and other intangible assets(5,657)(5,704)Deferred tax liability on other intangible assets (1)20 30 Total tangible assets (2)$198,593 $183,694 Tangible equity / tangible asset ratio (2)7.1 %7.4 %Tangible common equity / tangible asset ratio (2)6.1 6.1 Tangible common equity / RWA ratio (2)8.4 8.1 

(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.

(2)Tangible equity, tangible common equity, and tangible assets, as well as ratios utilizing these financial measures are non-GAAP financial measures. See Non-GAAP Financial Measures in the Additional Disclosures section.

2024 Form 10-K     81

Table of Contents

The following table presents certain regulatory capital data at the consolidated and Bank level.

Table 24 - Regulatory Capital Data (1) At December