Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 9

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 9
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 $17,731 $38 $17,769 

See Notes to Consolidated Financial Statements

2024 Form 10-K     97

Table of Contents

Huntington Bancshares Incorporated

Consolidated Statements of Cash Flows

 Year Ended December 31,(dollar amounts in millions)202420232022Operating activitiesNet income$1,960 $1,971 $2,249 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses420 402 289 Depreciation and amortization622 798 484 Share-based compensation expense106 97 105 Deferred income tax (benefit) provision(26)(302)319 Net change in:Trading account securities72 (106)27 Loans held for sale(227)(83)675 Other assets(761)(491)(1,156)Other liabilities(344)341 1,024 Other, net(7)30 11 Net cash provided by operating activities1,815 2,657 4,027 Investing activitiesChange in interest earning deposits with banks(254)23 332 Net cash paid in business acquisition— — (223)Proceeds from:Maturities and calls of available-for-sale securities11,001 2,689 4,053 Maturities and calls of held-to-maturity securities1,397 1,523 2,803 Maturities and calls of other securities57 615 832 Sales of available-for-sale securities990 767 — Sales of other securities— 144 41 Purchases of available-for-sale securities(14,043)(4,965)(7,107)Purchases of held-to-maturity securities(2,037)(256)(3,229)Purchases of other securities(155)(630)(1,080)Net proceeds from sales of loans and leases391 450 995 Principal payments received under direct finance leases1,769 1,891 1,882 Purchases of loans and leases(680)(71)(610)Net loan and lease activity, excluding sales and purchases(10,025)(5,108)(10,169)Purchases of premises and equipment(143)(140)(214)Net accrued income and other receivables activity(474)(17)(66)Other, net87 88 151 Net cash used in investing activities(12,119)(