HUNTINGTON BANCSHARES INC MD
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 16, 2024
HBANL$24.78+0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Acronyms and Terms
The following listing provides a comprehensive reference of common acronyms and terms used throughout the document:
| ACL | Allowance for Credit Losses |
|---|---|
| AFS | Available-for-Sale |
| ALCO | Asset-Liability Management Committee |
| ALLL | Allowance for Loan and Lease Losses |
| AML | Anti-Money Laundering |
| AOCI | Accumulated Other Comprehensive Income (Loss) |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| ATM | Automated Teller Machine |
| AULC | Allowance for Unfunded Lending Commitments |
| Bank Secrecy Act | Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970 |
| Basel III | Refers to the final rule issued by the Federal Reserve and OCC and published in the Federal Register on October 11, 2013 |
| BHC | Bank Holding Company |
| BHC Act | Bank Holding Company Act of 1956 |
| BTFP | Bank Term Funding Program |
| Capstone Partners | Capstone Enterprises LLC |
| C&I | Commercial and Industrial |
| CCAR | Comprehensive Capital Analysis and Review |
| CCB | Capital Conservation Buffer |
| CCPA | California Consumer Privacy Act of 2018, as amended by the California Privacy Rights Act of 2020 |
| CDs | Certificates of Deposit |
| CDS | Credit Default Swap |
| CECL | Current Expected Credit Losses |
| CEO | Chief Executive Officer |
| CET1 | Common Equity Tier 1 on a Basel III basis |
| CFO | Chief Financial Officer |
| CFPB | Bureau of Consumer Financial Protection |
| CISA | Cybersecurity Information Sharing Act |
| CMO | Collateralized Mortgage Obligations |
| CODM | Chief Operating Decision Maker |
| COVID-19 | Coronavirus Disease 2019 |
| CDP | Carbon Disclosure Project |
| CRA | Community Reinvestment Act |
| CRE | Commercial Real Estate |
| CRO | Chief Risk Officer |
| CRT | Credit Risk Transfer |
| DEI | Diversity, Equity, and Inclusion |
| DIF | Deposit Insurance Fund |
| Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act |
| EAD | Exposure at Default |
| Economic Growth Act | Economic Growth, Regulatory Relief and Consumer Protection Act |
4 Huntington Bancshares Incorporated
| ELT | Executive Leadership Team |
|---|---|
| EOP | End of Period |
| EPS | Earnings Per Share |
| ERM | Enterprise Risk Management |
| ESG | Environmental, Social, and Governance |
| EVE | Economic Value of Equity |
| FASB | Financial Accounting Standards Board |
| FCRA | Fair Credit Reporting Act |
| FDIA | Federal Deposit Insurance Act |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHC | Financial Holding Company |
| FHLB | Federal Home Loan Bank |
| FICO | Fair Isaac Corporation |
| FinCEN | Financial Crimes Enforcement Network |
| FINRA | Financial Industry Regulatory Authority, Inc. |
| FRB | Federal Reserve Bank |
| FRG | Financial Recovery Group |
| FTE | Fully-Taxable Equivalent |
| FTP | Funds Transfer Pricing |
| FVO | Fair Value Option |
| GAAP | Generally Accepted Accounting Principles in the United States of America |
| GDP | Gross Domestic Product |
| GLBA | Gramm-Leach-Bliley Act |
| HIC | Huntington Investment Company |
| HMDA | Home Mortgage Disclosure Act |
| HTM | Held-to-Maturity |
| IRS | Internal Revenue Service |
| Last-of-Layer | Last-of-layer is a fair value hedge of the interest rate risk of a portfolio of similar prepayable assets whereby the last dollar amount within the portfolio of assets is identified as the hedged item |
| LCR | Liquidity Coverage Ratio |
| LFI Rating System | Large Financial Institution Rating System |
| LGD | Loss Given Default |
| LIBOR | London Interbank Offered Rate |
| LIHTC | Low Income Housing Tax Credit |
| LTV | Loan-to-Value |
| MBS | Mortgage-Backed Securities |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| MSA | Metropolitan Statistical Area |
| MSR | Mortgage Servicing Right |
| NAICS | North American Industry Classification System |
| NALs | Nonaccrual Loans |
| NCO | Net Charge-off |
| NII | Net Interest Income |
| NIM | Net Interest Margin |
| NM | Not Meaningful |
| NPAs | Nonperforming Assets |
2023 Form 10-K 5
| OCC | Office of the Comptroller of the Currency |
|---|---|
| OCI | Other Comprehensive Income (Loss) |
| OCR | Optimal Customer Relationship |
| OFAC | Office of Foreign Assets Control |
| OLEM | Other Loans Especially Mentioned |
| OREO | Other Real Estate Owned |
| Patriot Act | Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 |
| PCAOB | Public Company Accounting Oversight Board |
| PCD | Purchased Credit Deteriorated |
| PD | Probability of Default |
| Plan | Huntington Bancshares Retirement Plan |
| PPP | Paycheck Protection Program |
| Problem Loans | Includes nonaccrual loans and leases, accruing loans and leases past due 90 days or more, troubled debt restructured loans, and criticized commercial loans |
| RBHPCG | Regional Banking and The Huntington Private Client Group |
| REIT | Real Estate Investment Trust |
| Riegle-Neal Act | The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 |
| ROC | Risk Oversight Committee |
| RPS | Retirement Plan Services |
| RV | Recreational vehicle |
| RWA | Risk-Weighted Assets |
| SBA | Small Business Administration |
| SCB | Stress Capital Buffer |
| SEC | Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
| Tailoring Rules | Refers to the Capital and Liquidity Tailoring Rule, which refers to changes to applicability thresholds for regulatory and capital and liquidity requirements, issued by the OCC, the Federal Reserve, and the FDIC, and the EPS Tailoring Rule, which refers to the Prudential Standards for Large Bank Holding Companies and Savings and Loan Holding, issued by the Federal Reserve |
| TBA | To Be Announced |
| TCF | TCF Financial Corporation |
| TCFD | Task Force on Climate-Related Financial Disclosures |
| TDR | Troubled Debt Restructuring |
| Torana | Digital Payments Torana, Inc. |
| U.S. Treasury | U.S. Department of the Treasury |
| VIE | Variable Interest Entity |
| XBRL | eXtensible Business Reporting Language |
6 Huntington Bancshares Incorporated
PART I
When we refer to “Huntington,” “we,” “our,” “us,” and “the Company” in this report, we mean Huntington Bancshares Incorporated and our consolidated subsidiaries, unless the context indicates that we refer only to the parent company, Huntington Bancshares Incorporated. When we refer to the “Bank” in this report, we mean our only bank subsidiary, The Huntington National Bank, and its subsidiaries.
Item 1: Business
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.