Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 2

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Personnel costs671 639 Outside data processing and other services170 166 Equipment67 70 Net occupancy65 57 Marketing29 28 Deposit and other insurance expense37 54 Professional services22 25 Amortization of intangibles11 12 Lease financing equipment depreciation4 4 Other noninterest expense76 82 Total noninterest expense1,152 1,137 Income before income taxes653 510 Provision for income taxes122 86 Income after income taxes531 424 Income attributable to non-controlling interest4 5 Net income attributable to Huntington527 419 Dividends on preferred shares27 36 Net income applicable to common shares$500 $383 Average common shares—basic1,454,498 1,448,492 Average common shares—diluted1,481,879 1,473,335 Per common share:Net income—basic$0.34 $0.26 Net income—diluted0.34 0.26 

See Notes to Unaudited Consolidated Financial Statements

38     Huntington Bancshares Incorporated

Huntington Bancshares Incorporated

Consolidated Statements of Comprehensive Income (Unaudited)

 Three Months Ended(dollar amounts in millions)March 31, 2025March 31, 2024Net income attributable to Huntington$527 $419 Other comprehensive income (loss), net of tax:Unrealized gains (losses) on available-for-sale securities, net of hedges255 (128)Net change related to cash flow hedges on loans177 (73)Translation adjustments, net of hedges1 (2)Other comprehensive income (loss), net of tax433 (203)Comprehensive income attributable to Huntington 960 216 Comprehensive income attributed to non-controlling interest4 5 Comprehensive income$964 $221 

See Notes to Unaudited Consolidated Financial Statements

2025 1Q Form 10-Q     39

Huntington Bancshares Incorporated

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

(dollar amounts in millions, share amounts in thousands)Preferred StockCommon StockCapital SurplusTreasury StockAOCIRetained EarningsHuntington Shareholders’ EquityNon-controlling InterestTotal EquityAmountSharesAmountSharesAmountThree months ended March 31, 2025Balance, beginning of period