Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Other Intangible Assets [Abstract]

Business segments are based on segment leadership structure, which reflects how segment performance is monitored and assessed. We have 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, along with technology and operations, other unallocated assets, liabilities, revenue, and expense.

A rollforward of goodwill by business segment for the first three-month period of 2015 is presented in the table below:

		Retail &
		Business		Commercial								Treasury/	Huntington
(dollar amounts in thousands)		Banking		Banking		AFCRE			RBHPCG			Other	Consolidated
Balance, beginning of period		$	368,097	$	59,594	$	---	$	90,012	$	$	4,838	$	522,541
	Goodwill acquired
	during the period		---		155,828		---		---			---		155,828
	Adjustments		---		---		---		---			---		---
	Impairment		---		---		---		---			---		---
Balance, end of period		$	368,097	$	215,422	$	---	$	90,012	$	$	4,838	$	678,369

Summary of other intangible assets

At March 31, 2015 and December 31, 2014, Huntington’s other intangible assets consisted of the following:

			Gross				Net
			Carrying		Accumulated		Carrying
(dollar amounts in thousands)			Amount		Amortization		Value

March 31, 2015
	Core deposit intangible	$	400,058	$	(374,940)	$	25,118
	Customer relationship		116,120		(68,696)		47,424
	Other		25,164		(25,041)		123
Total other intangible assets		$	541,342	$	(468,677)	$	72,665

December 31, 2014
	Core deposit intangible	$	400,058	$	(366,907)	$	33,151
	Customer relationship		107,920		(66,534)		41,386
	Other		25,164		(25,030)		134
Total other intangible assets		$	533,142	$	(458,471)	$	74,671

Estimated amortization expense of other intangible assets

The estimated amortization expense of other intangible assets for the remainder of 2015 and the next five years is as follows:

(dollar amounts		Amortization
in thousands)		Expense

2015	$	17,724
2016		14,316
2017		12,908
2018		11,135
2019		9,825
2020		3,076