Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 171

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 171
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1 - Selected Year to Date Income Statement Data Year Ended December 31,  Change from 2023 Change from 2022 (amounts in millions, except per share data)2024AmountPercent2023AmountPercent2022Interest income$9,921$1,005 11 %$8,916$2,947 49 %$5,969Interest expense4,5761,099 32 3,4772,781 400 696Net interest income5,345(94)(2)5,439166 3 5,273Provision for credit losses42018 4 402113 39289Net interest income after provision for credit losses4,925(112)(2)5,03753 1 4,984Noninterest income2,040119 6 1,921(60)(3)1,981Noninterest expense4,562(12)— 4,574373 9 4,201Income before income taxes2,40319 1 2,384(380)(14)2,764Provision for income taxes44330 7 413(102)(20)515Income after income taxes1,960(11)(1)1,971(278)(12)2,249Income attributable to non-controlling interest20— — 209 8211Net income attributable to Huntington1,940(11)(1)1,951(287)(13)2,238Dividends on preferred shares134(8)(6)14229 26 113Impact of preferred stock redemptions and repurchases513 NM(8)(8)NM— Net income applicable to common shares$1,801$(16)(1)%$1,817$(308)(14)%$2,125Average common shares—basic1,4515 — %1,4465 — %1,441Average common shares—diluted1,4768 1 1,4683 — 1,465Net income per common share—basic$1.24$(0.02)(2)$1.26$(0.21)(14)$1.47Net income per common share—diluted1.22(0.02)(2)1.24(0.21)(14)1.45Cash dividends declared0.62— — 0.62— — 0.62Return on average total assets0.99