Accounting standard newly cited
Filing comparison
HUNTINGTON BANCSHARES INC /MD/ cited accounting standards ASU 2025-08, ASU 2025-09 for the first time in this filing series
In addition, Huntington adopted ASU 2025-08 as of October 1, 2025, whereby non-PCD loans acquired in a business combination are deemed purchased seasoned loans with an ACL also established for the initial estimate of expected credit losses as of the acquisition date and recorded through a gross-up adjustment to the loans’ amortized cost basis.
Evidence
- Adopted
- 2025-08, 2025-09
- Adoption year stated
- 2025
- Contexts
- In addition, Huntington adopted ASU 2025-08 as of October 1, 2025, whereby non-PCD loans acquired in a business combination are deemed purchased seasoned loans with an ACL also established for the initial estimate of expected credit losses as of the acquisition date and recorded through a gross-up adjustment to the loans’ amortized cost basis., Accounting standards yet to be adopted Standard Summary of guidance Effects on financial statements ASU 2025-09 - Derivatives and Hedging (Topic 815): Hedge Accounting Improvements •More closely aligns hedge accounting with the economics of an entity’s risk management activities.
- New standards
- 2025-08, 2025-09
- Prior filed
- 2025-02-14
- Prior form
- 10-K
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.