Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 127

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 127
---
 7 Series G1,112.50 6 1,112.50 6 Series H11.25 6 11.25 6 Series I356.25 2 356.25 2 Series J 17.19 6 17.19 6 Total$27 $36 (1)     During the fourth quarter of 2024, all remaining $405 million of outstanding Series E Preferred Stock, par value of $0.01 per share, was redeemed.

60     Huntington Bancshares Incorporated

10. EARNINGS PER SHARE

Basic earnings per share is the amount of earnings (adjusted for preferred stock dividends and the impact of preferred stock repurchases and redemptions) available to each share of common stock outstanding during the reporting period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options, restricted stock units, performance share units, and shares held in deferred compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.The following table shows the calculation of basic and diluted earnings per share.Three Months Ended(dollar amounts in millions, except per share data, share count in thousands)March 31, 2025March 31, 2024Basic earnings per common share:Net income attributable to Huntington$527 $419 Dividends on preferred shares27 36 Net income available to common shareholders$500 $383 Average common shares issued and outstanding1,454,498 1,448,492 Basic earnings per common share$0.34 $0.26 Diluted earnings per common share:Average dilutive potential common shares:Stock options, restricted stock units, and performance share units20,340 17,396 Shares held in deferred compensation plans7,041 7,447 Average dilutive potential common shares27,381 24,843 Total diluted average common shares issued and outstanding1,481,879 1,473,335 Diluted earnings per common share$0.34 $0.26 Anti-dilutive awards (1)3,486 9,794 (1)Reflects the total number of shares related to outstanding options that have been excluded from