Huntington National Bank 2013 Annual Report Download - page 73

67
The following table presents certain regulatory capital data at both the consolidated and Bank levels for the past five years:
Table 33 - Regulatory Capital Data
At December 31,
(dollar amounts in millions) 2013 2012 2011 2010 2009
Total risk-weighted assets Consolidated $ 49,690 $ 47,773 $ 45,891 $ 43,471 $ 42,816
Bank 49,609 47,676 45,651 43,281 43,149
Tier 1 risk-based capital Consolidated 6,100 5,741 5,557 5,022 5,201
Bank 5,682 5,003 4,245 3,683 2,873
Tier 2 risk-based capital Consolidated 1,139 1,187 1,221 1,263 1,030
Bank 838 1,091 1,508 1,866 1,907
Total risk-based capital Consolidated 7,239 6,928 6,778 6,285 6,231
Bank 6,520 6,094 5,753 5,549 4,780
Tier 1 leverage ratio Consolidated 10.67 % 10.36 % 10.28 % 9.41 % 10.09 %
Bank 9.97 9.05 7.89 6.97 5.59
Tier 1 risk-based capital ratio Consolidated 12.28 12.02 12.11 11.55 12.15
Bank 11.45 10.49 9.30 8.51 6.66
Total risk-based capital ratio Consolidated 14.57 14.50 14.77 14.46 14.55
Bank 13.14 12.78 12.60 12.82 11.08
The increase in our consolidated Tier 1 risk-based capital ratios compared with December 31, 2012, primarily reflected an
increase in retained earnings, partially offset by the repurchase of 16.7 million common shares and the impacts related to the payments
of dividends.
Shareholders’ Equity
We generate shareholders’ equity primarily through earnings, net of dividends. Other potential sources of shareholders’ equity
include issuances of common and preferred stock. Our objective is to maintain capital at an amount commensurate with our risk
profile and risk tolerance objectives, to meet both regulatory and market expectations, and to provide the flexibility needed for future
growth and business opportunities. Shareholders’ equity totaled $6.1 billion at December 31, 2013, representing a $0.3 billion, or 5%,
increase compared with December 31, 2012, primarily due to an increase in retained earnings.
Dividends
We consider disciplined capital management as a key objective, with dividends representing one component. Our strong capital
ratios and expectations for continued earnings growth positions us to continue to actively explore additional capital management
opportunities.
On January 16, 2014, our board of directors declared a quarterly cash dividend of $0.05 per common share, payable on April 1,
2014. Also, cash dividends of $0.05, $0.05, $0.05 and $0.04 per common share were declared on October 17, 2013, July 18, 2013,
April 17, 2013 and January 17, 2013, respectively. Our 2013 capital plan to the FRB included the continuation of our current
common dividend through the 2014 first quarter.
On January 16, 2014, our board of directors also declared a quarterly cash dividend on our 8.50% Series A Non-Cumulative
Perpetual Convertible Preferred Stock of $21.25 per share. The dividend is payable on April 1, 2014. Cash dividends of $21.25 per
share were also declared on October 17, 2013, July 18, 2013, April 17, 2013 and January 17, 2013
On January 16, 2014, our board of directors also declared a quarterly cash dividend on our Floating Rate Series B Non-
Cumulative Perpetual Preferred Stock of $7.35 per share. The dividend is payable on April 1, 2014. Also, cash dividends of $7.36,
$7.42, $7.44 and $7.51 per share were declared on October 17, 2013, July 18, 2013, April 17, 2013 and January 17, 2013,
respectively.