Huntington National Bank 2015 Annual Report Download - page 80

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Table 31 - Regulatory Capital Data (1)
(dollar amounts in millions)
At December 31,
Basel III Basel I
2015 2014 2013 2012 2011
Total risk-weighted assets Consolidated $ 58,420 $ 54,479 $ 49,690 $ 47,773 $ 45,891
Bank 58,351 54,387 49,609 47,676 45,651
Common equity tier 1 risk-based capital Consolidated 5,721 N.A. N.A. N.A. N.A.
Bank 5,519 N.A. N.A. N.A. N.A.
Tier 1 risk-based capital Consolidated 6,154 6,266 6,100 5,741 5,557
Bank 5,735 6,136 5,682 5,003 4,245
Tier 2 risk-based capital Consolidated 1,233 1,122 1,139 1,187 1,221
Bank 1,115 820 838 1,091 1,508
Total risk-based capital Consolidated 7,387 7,388 7,239 6,928 6,778
Bank 6,851 6,956 6,520 6,094 5,753
Tier 1 leverage ratio Consolidated 8.79% 9.74% 10.67% 10.36% 10.28%
Bank 8.21 9.56 9.97 9.05 7.89
Common equity tier 1 risk-based capital ratio Consolidated 9.79 N.A. N.A. N.A. N.A.
Bank 9.46 N.A. N.A. N.A. N.A.
Tier 1 risk-based capital ratio Consolidated 10.53 11.50 12.28 12.02 12.11
Bank 9.83 11.28 11.45 10.49 9.30
Total risk-based capital ratio Consolidated 12.64 13.56 14.57 14.50 14.77
Bank 11.74 12.79 13.14 12.78 12.60
(1) On January 1, 2015, we became subject to the Basel III capital requirements including the standardized approach for
calculating risk-weighted assets in accordance with subpart D of the final capital rule. Amounts presented prior to January 1,
2015 are calculated using the Basel I capital requirements.
At December 31, 2015, we maintained Basel III transitional capital ratios in excess of the well-capitalized standards established
by the FRB. All capital ratios were impacted by the repurchase of 23 million common shares in 2015.
Shareholders’ Equity
We generate shareholders’ equity primarily through the retention of earnings, net of dividends and share repurchases. 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 $6.6 billion at December 31,
2015, an increase of $0.3 billion when compared with December 31, 2014.
Dividends
We consider disciplined capital management as a key objective, with dividends representing one component. Our current capital
ratios and expectations for continued earnings growth positions us to continue to actively explore additional capital management
opportunities.
On January 20, 2016, our board of directors declared a quarterly cash dividend of $0.07 per common share, payable on April 1,
2016. Also, cash dividends of $0.07 per common share were declared on October 21, 2015. Cash dividends of $0.06 per share were
declared on July 22, 2015, April 21, 2015 and January 22, 2015. Our 2015 capital plan to the FRB included the continuation of our
current common dividend through the 2016 first quarter.
On January 20, 2016, 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 15, 2016. Cash dividends of $21.25 per
share were also declared on October 21, 2015, July 22, 2015, April 21, 2015 and January 22, 2015.