HUNTINGTON BANCSHARES INC /MD/ Goodwill & Intangibles Disclosure
| (dollar amounts in millions) | Consumer & Regional Banking | Commercial Banking | Huntington Consolidated | ||||||||||||||
| Balance, January 1, 2024 | $ | 3,640 | $ | 1,921 | $ | 5,561 | |||||||||||
| Balance, December 31, 2024 | 3,640 | 1,921 | 5,561 | ||||||||||||||
| Veritex acquisition | 229 | 221 | 450 | ||||||||||||||
| Sale of a portion of corporate trust and custody business | (14) | — | (14) | ||||||||||||||
| Balance, December 31, 2025 | $ | 3,855 | $ | 2,142 | $ | 5,997 | |||||||||||
| (dollar amounts in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Value | ||||||||||||||
| At December 31, 2025 | |||||||||||||||||
| Core deposit intangible | $ | 473 | $ | (335) | $ | 138 | |||||||||||
| Customer relationship | 66 | (59) | 7 | ||||||||||||||
| Total other intangible assets | $ | 539 | $ | (394) | $ | 145 | |||||||||||
| At December 31, 2024 | |||||||||||||||||
| Core deposit intangible | $ | 378 | $ | (293) | $ | 85 | |||||||||||
| Customer relationship | 66 | (55) | 11 | ||||||||||||||
| Total other intangible assets | $ | 444 | $ | (348) | $ | 96 | |||||||||||
| (dollar amounts in millions) | Amortization Expense | ||||
| 2026 | $ | 46 | |||
| 2027 | 25 | ||||
| 2028 | 20 | ||||
| 2029 | 16 | ||||
| 2030 | 13 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 17, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.