Huntington National Bank 2013 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2013 Huntington National Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 204

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204

66
Capital
(This section should be read in conjunction with the Regulatory Matters section included in Part 1, Item 1 and Note 14 of the Notes to
Consolidated Financial Statements.)
The following table presents risk-weighted assets and other financial data necessary to calculate certain financial ratios, including
the Tier 1 common equity ratio, which we use to measure capital adequacy:
Table 32 - Consolidated Capital Adequacy
December 31,
(dollar amounts in millions) 2013 2012 2011 2010 2009
Consolidated capital calculations:
Common shareholders' equity $ 5,713 $ 5,404 $ 5,032 $ 4,618 $ 3,648
Preferred shareholders' equity 386 386 386 363 1,688
Total shareholders' equity 6,099 5,790 5,418 4,981 5,336
Goodwill (444) (444) (444) (444) (444)
Other intangible assets (93) (132) (175) (229) (289)
Other intangible asset deferred tax liability
(
1
)
33 46 61 80 101
Total tangible equity(2) 5,595 5,260 4,860 4,388 4,704
Preferred shareholders' equity (386) (386) (386) (363) (1,688)
Total tangible common equity(2) $ 5,209 $ 4,874 $ 4,474 $ 4,025 $ 3,016
Total assets $ 59,476 $ 56,153 $ 54,451 $ 53,820 $ 51,555
Goodwill (444) (444) (444) (444) (444)
Other intangible assets (93) (132) (175) (229) (289)
Other intangible asset deferred tax liability
(
1
)
33 46 61 80 101
Total tangible assets(2) $ 58,972 $ 55,623 $ 53,893 $ 53,227 $ 50,923
Tier 1 capital $ 6,100 $ 5,741 $ 5,557 $ 5,022 $ 5,201
Preferred shareholders' equity (386) (386) (386) (363) (1,688)
Trust-preferred securities (299) (299) (532) (570) (570)
REIT-preferred stock --- (50) (50) (50) (50)
Tier 1 common equity(2) $ 5,415 $ 5,006 $ 4,589 $ 4,039 $ 2,893
Risk-weighted assets (RWA) $ 49,690 $ 47,773 $ 45,891 $ 43,471 $ 42,816
Tier 1 common equity / RWA ratio(2) 10.90 % 10.48 % 10.00 % 9.29 % 6.76 %
Tangible equity / tangible asset ratio(2) 9.49 9.46 9.02 8.24 9.24
Tangible common equity / tangible asset ratio(2) 8.83 8.76 8.30 7.56 5.92
Tangible common equity / RWA ratio(2) 10.48 10.20 9.75 9.26 7.04
(1)Intangible assets are net of deferred tax liability and calculated assuming a 35% tax rate.
(2)Tangible equity, Tier 1 common equity, tangible common equity, and tangible assets are non-GAAP financial measures.
Additionally, any ratios utilizing these financial measures are also non-GAAP. These financial measures have been included as they
are considered to be critical metrics with which to analyze and evaluate financial condition and capital strength. Other companies
may calculate these financial measures differently.
Our Tier 1 common equity risk-based ratio improved 42 basis points to 10.90% at December 31, 2013, compared with 10.48% at
December 31, 2012. This increase primarily reflected the increase in retained earnings, partially offset by the repurchase of 16.7
million common shares and the impacts related to increased risk-weighted assets.