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

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 10
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2,997)(11,609)Financing activitiesIncrease in deposits11,218 3,316 4,651 (Decrease) increase in short-term borrowings(782)(1,295)2,161 Net proceeds from issuance of long-term debt7,661 14,965 11,004 Maturity/redemption of long-term debt(3,563)(12,376)(8,017)Dividends paid on preferred stock(143)(134)(113)Dividends paid on common stock(903)(900)(897)Repurchase/redemption of preferred stock(410)(82)— Net proceeds from issuance of preferred stock— 317 — Other, net(56)(46)(25)Net cash provided by financing activities13,022 3,765 8,764 Increase in cash and cash equivalents2,718 3,425 1,182 Cash and cash equivalents at beginning of period (1)10,129 6,704 5,522 Cash and cash equivalents at end of period (1)$12,847 $10,129 $6,704 

98     Huntington Bancshares Incorporated

Table of Contents

 Year Ended December 31,(dollar amounts in millions)202420232022Supplemental disclosures:Interest paid$4,547 $3,359 $627 Income taxes paid (refunded)123 90 (109)Non-cash activitiesLoans transferred to held-for-sale from portfolio390 439 748 Loans transferred to portfolio from held-for-sale34 22 126 Transfer of securities from available-for-sale to held-to-maturity — — 4,225 

(1)    Includes cash and due from banks and interest-earning deposits at the FRB, included within Interest-earning deposits with banks on our Consolidated Balance Sheets.

See Notes to Consolidated Financial Statements

2024 Form 10-K     99

Table of Contents

Huntington Bancshares Incorporated

Notes to Consolidated Financial Statements

1. SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations — Huntington Bancshares Incorporated (Huntington or the Company) is a multi-state diversified regional bank holding company organized under Maryland law in 1966 and headquartered in Columbus, Ohio. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), Huntington is engaged in providing full-service commercial and consumer deposit, lending, and other banking services