Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 55

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 55
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00 (23)45.00 (22)Series I1,425.00 (10)1,425.00 (10)1,425.00 (10)Series J68.76 (22)59.02 (19)— — Total$(134)$(142)$(113)

During the fourth quarter of 2024, all remaining $405 million of outstanding Series E Preferred Stock, par value $0.01 per share, was redeemed. During the fourth quarter of 2023, $90 million of outstanding Series E Preferred Stock, par value $0.01 per share, was repurchased. 

13. 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 and awards, 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 calculation of basic and diluted earnings per share is as follows.Year Ended December 31,(dollar amounts in millions, except per share data, share count in thousands)202420232022Basic earnings per common share:Net income attributable to Huntington$1,940 $1,951 $2,238 Dividends on preferred shares134 142 113 Impact of preferred stock redemptions and repurchases5 (8)— Net income available to common shareholders$1,801 $1,817 $2,125 Average common shares issued and outstanding1,451,421 1,446,449 1,441,279 Basic earnings per common share$1.24 $1.26 $1.47 Diluted earnings per common share:Average dilutive potential common shares:Stock options, restricted stock units and awards, and performance share units17,669 14,456 17,534 Shares held in deferred compensation plans7,352 7,111 6,407 Average dilutive potential common shares25,021 21,567 23,