Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 87

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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At December 31, 2024Consolidated:CET1 risk-based capital ratio10.6 %10.5 %Tier 1 risk-based capital ratio11.9 11.9 Total risk-based capital ratio14.3 14.3 Tier 1 leverage ratio8.5 8.6 CET1 risk-based capital$15,269 $15,127 Tier 1 risk-based capital17,268 17,126 Total risk-based capital20,720 20,565 Total risk-weighted assets144,632 143,650 Bank:CET1 risk-based capital ratio11.8 %11.6 %Tier 1 risk-based capital ratio12.6 12.4 Total risk-based capital ratio14.3 14.1 Tier 1 leverage ratio9.0 8.9 CET1 risk-based capital$16,903 $16,540 Tier 1 risk-based capital18,118 17,746 Total risk-based capital20,621 20,240 Total risk-weighted assets143,737 143,128 

(1)    Huntington elected to temporarily delay certain effects of CECL on regulatory capital pursuant to a rule that allowed BHCs and banks to delay the impact of adopting CECL for two years, followed by a three-year transition period which began January 1, 2022. As of March 31, 2025, the impact of the CECL deferral was fully phased in, while 75% of the impact of the CECL deferral was phased in at December 31, 2024.

2025 1Q Form 10-Q     27

At March 31, 2025, Huntington and the Bank maintained capital ratios in excess of the well-capitalized standards established by the Federal Reserve. Consolidated CET1 risk-based capital ratio increased to 10.6%, compared to the prior year end of 10.5%, driven by current period earnings, net of dividends, partially offset by a reduction in the CECL transitional amount and an increase in risk-weighted assets. The increase in risk-weighted assets was driven by loan growth, partially offset by the impact of the 2025 first quarter CLN transaction. The CLN transaction involved an original aggregate reference pool of approximately $3.5 billion of on-balance sheet prime indirect auto loans as part of the company’s capital optimization strategy,