Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 90

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 90
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At December 31, (dollar amounts in millions)20242023AssetsCash and due from banks$4,103 $4,001 Due from The Huntington National Bank2,817 2,163 Due from non-bank subsidiaries18 25 Investment in The Huntington National Bank20,127 18,388 Investment in non-bank subsidiaries331 263 Accrued interest receivable and other assets811 718 Total assets$28,207 $25,558 Liabilities and shareholders’ equityLong-term borrowings$7,177 $4,993 Dividends payable, accrued expenses, and other liabilities1,290 1,212 Total liabilities8,467 6,205 Shareholders’ equity (1)19,740 19,353 Total liabilities and shareholders’ equity$28,207 $25,558 (1)See Consolidated Statements of Changes in Shareholders’ Equity.

2024 Form 10-K     157

Table of Contents

Statements of IncomeYear Ended December 31,(dollar amounts in millions)202420232022IncomeDividends from:The Huntington National Bank$2,041 $1,706 $1,566 Non-bank subsidiaries15 27 19 Interest from:The Huntington National Bank204 77 16 Non-bank subsidiaries2 2 1 Other3 (1)(1)Total income2,265 1,811 1,601 ExpensePersonnel costs7 5 8 Interest on borrowings365 252 107 Other176 191 169 Total expense548 448 284 Income before income taxes and equity in undistributed net income of subsidiaries1,717 1,363 1,317 Provision (benefit) for income taxes(73)(75)(44)Income before equity in undistributed net income of subsidiaries1,790 1,438 1,361 Increase in undistributed net income of:The Huntington National Bank78 486 853 Non-bank subsidiaries72 27 24 Net income$1,940 $1,951 $2,238 Other comprehensive (loss) income  (1)(190)422 (2,869)Comprehensive income (loss)$1,750 $2,373 $(631)(1)See Consolidated Statements of Comprehensive Income for other comprehensive (loss) income detail.

158     Huntington