Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 7

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 7
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 Form 10-K     95

Table of Contents

Huntington Bancshares Incorporated

Consolidated Statements of Comprehensive Income 

 Year Ended December 31,(dollar amounts in millions)202420232022Net income attributable to Huntington$1,940 $1,951 $2,238 Other comprehensive (loss) income, net of tax:Unrealized (losses) gains on available-for-sale securities, net of hedges(271)154 (2,184)Net change related to cash flow hedges on loans96 269 (695)Translations adjustments, net of hedges(6)2 (5)Change in accumulated unrealized losses for pension and other post-retirement obligations(9)(3)15 Other comprehensive (loss) income, net of tax(190)422 (2,869)Comprehensive income (loss) attributable to Huntington1,750 2,373 (631)Comprehensive income attributed to non-controlling interest20 20 11 Comprehensive income (loss)$1,770 $2,393 $(620)

See Notes to Consolidated Financial Statements 

96     Huntington Bancshares Incorporated

Table of Contents

Huntington Bancshares Incorporated

Consolidated Statements of Changes in Shareholders’ Equity

Preferred StockCommon StockAOCIHuntingtonNon-(dollar amounts in millions, except per share data, share amounts in thousands)CapitalTreasury StockRetainedShareholders’controllingTotalAmountSharesAmountSurplusSharesAmountEarningsEquityInterestEquityYear Ended December 31, 2024Balance, beginning of year$2,394 1,455,723 $15 $15,389 (7,403)$(91)$(2,676)$4,322 $19,353 $45 $19,398 Net income1,940 1,940 20 1,960 Other comprehensive loss, net of tax(190)(190)(190)Redemption of preferred stock(405)— (5)(410)(410)Cash dividends declared:Common ($0.62 per share)(916)(916)(916)Preferred(134)(134)(134)Recognition of the fair value of share-based compensation106 106 106 Other share-based compensation activity4,897 — (13)(3)(16)(16)Other2 419 5 7 (23)(16)Balance, end of year$1