Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 103

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 103
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)(36)Dividends paid on common stock(226)(226)Other, net(29)(9)Net cash provided by financing activities4,100 3,831 Increase in cash and cash equivalents2,463 2,051 Cash and cash equivalents at beginning of period (1)12,847 10,129 Cash and cash equivalents at end of period (1)$15,310 $12,180 

2025 1Q Form 10-Q     41

 Three Months Ended(dollar amounts in millions)March 31, 2025March 31, 2024Supplemental disclosures:Interest paid$1,092 $1,070 Income taxes paid34 47 Non-cash activitiesLoans transferred to held-for-sale from portfolio73 64 Loans transferred to portfolio from held-for-sale8 11 

(1)Includes cash and due from banks and interest-earning deposits at the FRB, included within interest-earning deposits with banks on our Unaudited Consolidated Balance Sheets.

See Notes to Unaudited Consolidated Financial Statements

42     Huntington Bancshares Incorporated

Huntington Bancshares Incorporated

Notes to Unaudited Consolidated Financial Statements

1. BASIS OF PRESENTATION 

The accompanying interim Unaudited Consolidated Financial Statements of Huntington reflect all adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for a fair statement of the consolidated financial position, the results of operations, and cash flows for the periods presented. These interim Unaudited Consolidated Financial Statements have been prepared according to the rules and regulations of the SEC and, therefore, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted. The Notes to Consolidated Financial Statements appearing in Huntington’s 2024 Annual Report on Form 10-K, which include descriptions of significant accounting policies, as updated by the information contained in this report, should be read in conjunction with these interim financial statements.In conjunction with applicable accounting standards, all material subsequent events have been either recognized in the interim Unaudited Consolidated Financial Statements or disclosed in the Notes to Unaudited Consolidated Financial Statements. There were no material subsequent events to disclose for the current period.

2. ACCOUNTING STANDARDS UPDATE

Accounting standards adopted in the current periodStandardSummary of guidanceEffects on financial StatementsASU 2023-07 - Segment Reporting (Topic 280): Improvement to Reportable Segments