Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 4

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 4
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 of data utilized by management and evaluating the reasonableness of assumptions relating to the general reserve. Evaluating management’s assumptions related to the general reserve involved evaluating whether the assumptions used were reasonable considering portfolio composition, relevant market data, and indicators of economic uncertainty. Professionals with specialized skill and knowledge were used to assist in evaluating the appropriateness of management’s methodology and assumptions related to the general reserve.

PricewaterhouseCoopers LLP

Columbus, Ohio

February 14, 2025 

We have served as the Company’s auditor since 2015. 

2024 Form 10-K     93

Table of Contents

Huntington Bancshares Incorporated

Consolidated Balance Sheets

 At December 31,(dollar amounts in millions)20242023AssetsCash and due from banks$1,685 $1,558 Interest-earning deposits with banks11,647 8,765 Trading account securities53 125 Available-for-sale securities27,273 25,305 Held-to-maturity securities16,368 15,750 Other securities823 725 Loans held for sale (includes $652 and $506 respectively, measured at fair value)654 516 Loans and leases (includes $173 and $174 respectively, measured at fair value)130,042 121,982 Allowance for loan and lease losses(2,244)(2,255)Net loans and leases (1)127,798 119,727 Bank owned life insurance2,793 2,759 Accrued income and other receivables2,190 1,646 Premises and equipment1,066 1,109 Goodwill5,561 5,561 Servicing rights and other intangible assets677 672 Other assets (1)5,642 5,150 Total assets$204,230 $189,368 Liabilities and shareholders’ equityLiabilitiesDeposits:Demand deposits—noninterest-bearing$29,345 $30,967 Interest-bearing133,103 120,263 Total deposits162,448 151,230 Short-term borrowings199 620 Long-term debt (1) (includes $821 and $0, respectively, measured at fair value)16,374 12,394 Other liabilities (1)5,427 5,726 Total liabilities184,448 169,970 Commitments and Contingent Liabilities (Note