Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 210

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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 (1)     During the fourth quarter of 2024, all remaining $405 million of outstanding Series E Preferred Stock, par value of $0.01 per share, was redeemed.

66     Huntington Bancshares Incorporated

Table of Contents

11. 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, 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 following table shows the calculation of basic and diluted earnings per share.Three Months EndedSix Months Ended(dollar amounts in millions, except per share data, share count in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Basic earnings per common share:Net income attributable to Huntington$536 $474 $1,063 $893 Dividends on preferred shares27 35 54 71 Net income available to common shareholders$509 $439 $1,009 $822 Average common shares issued and outstanding1,457,309 1,451,207 1,455,904 1,449,850 Basic earnings per common share$0.35 $0.30 $0.69 $0.57 Diluted earnings per common share:Average dilutive potential common shares:Stock options, restricted stock units, and performance share units16,587 15,407 18,567 16,401 Shares held in deferred compensation plans7,100 7,645 7,070 7,546 Average dilutive potential common shares23,687 23,052 25,637 23,947 Total diluted average common shares issued and outstanding1,480,996 1,474,259 1,481,541 1,473,797 Diluted earnings per common share$0.34 $0.30 $0.68 $