Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 227

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 227
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31,(dollar amounts in millions) 20242023Total risk-weighted assetsConsolidated$143,650 $138,706 Bank143,128 138,462 CET1 risk-based capitalConsolidated15,127 14,212 Bank16,540 14,671 Tier 1 risk-based capitalConsolidated17,126 16,616 Bank17,746 15,879 Tier 2 risk-based capitalConsolidated3,439 3,042 Bank2,494 2,247 Total risk-based capitalConsolidated20,565 19,657 Bank20,240 18,126 CET1 risk-based capital ratioConsolidated10.5 %10.2 %Bank11.6 10.6 Tier 1 risk-based capital ratioConsolidated11.9 12.0 Bank12.4 11.5 Total risk-based capital ratioConsolidated14.3 14.2 Bank14.1 13.1 Tier 1 leverage ratioConsolidated8.6 9.3 Bank8.9 8.5 

(1)    Huntington and the Bank elected to temporarily delay certain effects of CECL on regulatory capital until January 1, 2022 pursuant to a rule that allowed BHCs 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.

At December 31, 2024, Huntington and the Bank maintained capital ratios in excess of the well-capitalized standards established by the Federal Reserve. Our consolidated CET1 risk-based capital ratio of 10.5% at December 31, 2024 increased approximately 30 basis points during the year, primarily due to current period earnings, net of dividends, partially offset by an increase in risk-weighted assets and a reduction in the CECL transitional amount. The Bank CET1 risk-based capital ratio of 11.6% increased approximately 100 basis points during the year driven by net income and a $1.75 billion