Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 46

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 46
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 millions)Actual10%adversechange20%adversechangeActual10%adversechange20%adversechangeConstant prepayment rate (annualized)7.54 %$(14)$(28)8.61 %$(15)$(28)Spread over forward interest rate swap rates568 bps(13)(26)538 bps(11)(22)

2024 Form 10-K     123

Table of Contents

7. GOODWILL AND OTHER INTANGIBLE ASSETS 

A rollforward of goodwill by business segment for which goodwill is allocated is presented in the table below. No goodwill impairment was recorded in 2024 or 2023. Consumer &CommercialHuntington(dollar amounts in millions)Regional BankingBankingConsolidatedBalance, January 1, 2023$3,650 $1,921 $5,571 RPS sale(10)— (10)Balance, December 31, 20233,640 1,921 5,561 Balance, December 31, 2024$3,640 $1,921 $5,561 Huntington’s other intangible assets are presented in the following table.(dollar amounts in millions)GrossCarryingAmountAccumulatedAmortizationNetCarryingValueAt December 31, 2024Core deposit intangible$378 $(293)$85 Customer relationship66 (55)11 Total other intangible assets$444 $(348)$96 At December 31, 2023Core deposit intangible$385 $(259)$126 Customer relationship92 (75)17 Total other intangible assets$477 $(334)$143 The estimated amortization expense of other intangible assets for the next five years is as follows.(dollar amounts in millions)AmortizationExpense2025$43 202629 20279 20286 20294 

8. PREMISES AND EQUIPMENT

Premises and equipment were comprised as follows. At December 31, (dollar amounts in millions)20242023Land and land improvements$339 $343 Buildings738 789 Leasehold improvements251 262 Equipment909 899 Total premises and equipment2,237 2,293 Less accumulated depreciation and amortization(1,171)(1,184)Net premises and equipment$1,066 $1,109 Depreciation and