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HBAN > SEC Filings for HBAN > Form 8-K on 28-May-2014All Recent SEC Filings




Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

During the 2014 first quarter, Huntington Bancshares Incorporated (Huntington) reorganized our business segments to drive our ongoing growth and leverage the knowledge of our highly experienced team. Huntington now has five major business segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate (AFCRE), Regional Banking and The Huntington Private Client Group (RBHPCG), and Home Lending. A Treasury / Other function includes our insurance brokerage business, along with technology and operations, other unallocated assets, liabilities, revenue, and expense.

Also during the 2014 first quarter, Huntington elected to early adopt ASU 2014-01 - Investments (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in ASU 2014-01 permit entities to make an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity recognizes the net investment performance in the income statement as a component of income tax expense (benefit).

Huntington is filing this Current Report on Form 8-K to update its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the Securities and Exchange Commission (the "SEC") on February 14, 2014 (the "2013 Form 10-K"), to reflect the reorganized business segment results and present the revised financial statements and supplemental data resulting from the adoption of ASU 2014-01. Similarly, Part II, Item 6. Selected Financial Data and Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations have been retrospectively adjusted to conform to the current presentation.

Except as specifically noted in the filing, this Current Report on Form 8-K does not reflect events or developments that occurred after February 14, 2014, and does not modify or update the disclosures in any significant way other than as described above and set forth in the exhibits hereto. Without limiting the foregoing, this filing does not purport to update or amend the information contained in 2013 Form 10-K for any information, uncertainties, transactions, risks, events or trends occurring, or known to management. More current information is contained in the Company's Form 10-Q for the three months ended March 31, 2014 and other filings with the SEC. The information in this Current Report on Form 8-K should be read in conjunction with the 2013 Form 10-K filed by Huntington with the SEC on February 14, 2014. Revisions to the 2013 Form 10-K included in this Current Report on Form 8-K as noted above supersede the corresponding portions of the 2012 Form 10-K.

Item 9.01. Financial Statements and Exhibits.

The exhibits referenced below are filed as part of this report.

12.1    Ratio of Earnings to Fixed Charges

12.2    Ratio of Earnings to Fixed Charges and Preferred Dividends

23.1    Consent of Deloitte & Touche LLP, Independent Registered Public Accounting

99.1    Selected Financial Data, Management's Discussion and Analysis, and
        Consolidated Financial Statements and Notes thereto recast for the
        business segment reorganization and adoption of ASU 2014-01 for the fiscal
        years ended December 31, 2013, 2012, and 2011 (which replaces and
        supersedes Part II, Item 6, 7, and 8, respectively, of the 2013 Form 10-K
        filed on February 14, 2014).

 101    The following material from Huntington's Form 10-K Report for the year
        ended December 31, 2013, formatted in XBRL: (1) Consolidated Balance
        Sheets, (2) Consolidated Statements of Income, (3), Consolidated
        Statements of Comprehensive Income, (4) Consolidated Statements of Changes
        in Shareholders' Equity, (5) Consolidated Statements of Cash Flows, and
        (6) the Notes to the Consolidated Financial Statements.

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