Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 102

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 102
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1 1 Balance, end of period$2,394 1,456,668 $15 $15,407 (7,414)$(91)$(2,879)$4,476 $19,322 $51 $19,373 

See Notes to Unaudited Consolidated Financial Statements

40     Huntington Bancshares Incorporated

Huntington Bancshares Incorporated

Consolidated Statements of Cash Flows (Unaudited)

 Three Months Ended(dollar amounts in millions)March 31, 2025March 31, 2024Operating activitiesNet income$531 $424 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses115 107 Depreciation, amortization, and accretion209 190 Share-based compensation expense21 20 Deferred income tax benefit(25)(29)Net change in:Trading account securities(424)(42)Loans held for sale70 (2)Other assets52 (385)Short-term borrowings503 18 Other liabilities(543)184 Other, net4 (3)Net cash provided by operating activities513 482 Investing activitiesChange in interest earning deposits with banks183 (15)Proceeds from:Maturities and calls of available-for-sale securities1,481 1,589 Maturities and calls of held-to-maturity securities571 327 Maturities and calls of other securities40 9 Purchases of available-for-sale securities(1,577)(3,303)Purchases of held-to-maturity securities(515)— Purchases of other securities(97)(11)Net proceeds from sales of loans and leases49 71 Principal payments received under direct finance leases356 447 Net loan and lease activity, excluding sales and purchases(2,883)(1,398)Purchases of premises and equipment(54)(32)Purchases of loans and leases(195)(23)Net accrued income and other receivables activity476 59 Other, net15 18 Net cash used in investing activities(2,150)(2,262)Financing activitiesIncrease in deposits2,889 1,995 Decrease in short-term borrowings(82)(523)Net proceeds from issuance of long-term debt1,953 2,786 Maturity/redemption of long-term debt(378)(156)Dividends paid on preferred stock(27