Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 1

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 and equity$209,596 $204,230 Common shares authorized (par value of $0.01)2,250,000,000 2,250,000,000 Common shares outstanding1,456,811,621 1,453,635,809 Treasury shares outstanding7,164,203 6,984,102 Preferred stock, authorized shares6,617,808 6,617,808 Preferred shares outstanding877,500 877,500 

(1)Includes VIE balances in net loans and leases, other assets, long-term debt, and other liabilities of $998 million, $260 million, $911 million, and $98 million, respectively, at March 31, 2025, and $1.1 billion,  $264 million, $1.0 billion, $109 million, respectively, at December 31, 2024. See Note 14 - “Variable Interest Entities” for additional information. 

           See Notes to Unaudited Consolidated Financial Statements 

2025 1Q Form 10-Q     37

Table of Contents

Huntington Bancshares IncorporatedConsolidated Statements of Income (Unaudited)Three Months Ended(dollar amounts in millions, except per share data, share count in thousands)March 31, 2025March 31, 2024Interest and fee income:Loans and leases$1,905 $1,809 Available-for-sale securitiesTaxable287 296 Tax-exempt34 27 Held-to-maturity securities—taxable108 95 Other securities—taxable12 9 Other143 144 Total interest income2,489 2,380 Interest expense:Deposits810 857 Short-term borrowings14 19 Long-term debt239 217 Total interest expense1,063 1,093 Net interest income1,426 1,287 Provision for credit losses115 107 Net interest income after provision for credit losses1,311 1,180 Noninterest income:Payments and cash management revenue155 146 Wealth and asset management revenue101 88 Customer deposit and loan fees86 77 Capital markets and advisory fees67 56 Mortgage banking income31 31 Leasing revenue14 22 Insurance income20 19 Other noninterest income20 28 Total noninterest income494 467 Noninterest expense: