Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
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Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
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Table of Contents

Item 1: Financial Statements

Huntington Bancshares Incorporated

Consolidated Balance Sheets (Unaudited) 

At March 31, At December 31,(dollar amounts in millions)20252024AssetsCash and due from banks$1,598 $1,685 Interest-earning deposits with banks14,330 11,647 Trading account securities477 53 Available-for-sale securities27,839 27,273 Held-to-maturity securities16,315 16,368 Other securities880 823 Loans held for sale (includes $555 and $652, respectively, measured at fair value)580 654 Loans and leases (includes $175 and $173, respectively, measured at fair value)132,505 130,042 Allowance for loan and lease losses(2,263)(2,244)Net loans and leases (1)130,242 127,798 Bank-owned life insurance2,799 2,793 Accrued income and other receivables1,716 2,190 Premises and equipment1,085 1,066 Goodwill5,561 5,561 Servicing rights and other intangible assets656 677 Other assets (1)5,518 5,642 Total assets$209,596 $204,230 Liabilities and shareholders’ equityLiabilitiesDeposits:Demand deposits—noninterest-bearing$30,217 $29,345 Interest-bearing135,120 133,103 Total deposits165,337 162,448 Short-term borrowings664 199 Long-term debt (1) (includes $1,143 and $821, respectively, measured at fair value)18,096 16,374 Other liabilities (1)5,013 5,427 Total liabilities189,110 184,448 Commitments and Contingent Liabilities (Note 15)Shareholders’ EquityPreferred stock1,989 1,989 Common stock15 15 Capital surplus15,479 15,484 Less treasury shares, at cost(90)(86)Accumulated other comprehensive income (loss)(2,433)(2,866)Retained earnings5,474 5,204 Total Huntington shareholders’ equity20,434 19,740 Non-controlling interest52 42 Total equity20,486 19,782 Total liabilities