Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 5

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 5
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 21)Shareholders’ equityPreferred stock1,989 2,394 Common stock15 15 Capital surplus15,484 15,389 Less treasury shares, at cost(86)(91)Accumulated other comprehensive income (loss)(2,866)(2,676)Retained earnings 5,204 4,322 Total Huntington shareholders’ equity19,740 19,353 Non-controlling interest42 45 Total equity19,782 19,398 Total liabilities and equity$204,230 $189,368 Common shares authorized (par value of $0.01)2,250,000,000 2,250,000,000 Common shares outstanding1,453,635,809 1,448,319,953 Treasury shares outstanding6,984,102 7,403,008 Preferred stock, authorized shares6,617,808 6,617,808 Preferred shares outstanding877,500 881,587 

(1)Includes VIE balances in net loans and leases, long-term debt, other assets, and other liabilities of $1.1 billion, $1.0 billion, $264 million, and $109 million, respectively, at December 31, 2024, and VIE balances in other assets, and other liabilities of $82 million and $57 million, at December 31, 2023, respectively. See Note 20 - “Variable Interest Entities” for additional information.

See Notes to Consolidated Financial Statements

94     Huntington Bancshares Incorporated

Table of Contents

Huntington Bancshares Incorporated

Consolidated Statements of Income 

 Year Ended December 31,(dollar amounts in millions, except per share data, share amounts in thousands)202420232022Interest and fee income:Loans and leases$7,481 $6,811 $4,816 Available-for-sale securitiesTaxable1,251 1,016 576 Tax-exempt112 104 74 Held-to-maturity securities-taxable385 401 351 Other securities-taxable42 53 27 Other650 531 125 Total interest income9,921 8,916 5,969 Interest expense:Deposits3,572 2,497 363 Short-term borrowings69 179 46 Long-term debt935 801 287 Total interest expense4,576 3,477