HUNTINGTON BANCSHARES INC MD
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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Consolidated Balance Sheets
| At December 31, | ||
|---|---|---|
| (dollar amounts in millions) | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $1,685 | $1,558 |
| Interest-earning deposits with banks | 11,647 | 8,765 |
| Trading account securities | 53 | 125 |
| Available-for-sale securities | 27,273 | 25,305 |
| Held-to-maturity securities | 16,368 | 15,750 |
| Other securities | 823 | 725 |
| Loans held for sale (includes $652 and $506 respectively, measured at fair value) | 654 | 516 |
| Loans and leases (includes $173 and $174 respectively, measured at fair value) | 130,042 | 121,982 |
| Allowance for loan and lease losses | (2,244) | (2,255) |
| Net loans and leases (1) | 127,798 | 119,727 |
| Bank owned life insurance | 2,793 | 2,759 |
| Accrued income and other receivables | 2,190 | 1,646 |
| Premises and equipment | 1,066 | 1,109 |
| Goodwill | 5,561 | 5,561 |
| Servicing rights and other intangible assets | 677 | 672 |
| Other assets (1) | 5,642 | 5,150 |
| Total assets | $204,230 | $189,368 |
| Liabilities and shareholders’ equity | ||
| Liabilities | ||
| Deposits: | ||
| Demand deposits—noninterest-bearing | $29,345 | $30,967 |
| Interest-bearing | 133,103 | 120,263 |
| Total deposits | 162,448 | 151,230 |
| Short-term borrowings | 199 | 620 |
| Long-term debt (1) (includes $821 and $0, respectively, measured at fair value) | 16,374 | 12,394 |
| Other liabilities (1) | 5,427 | 5,726 |
| Total liabilities | 184,448 | 169,970 |
| Commitments and Contingent Liabilities (Note 21) | ||
| Shareholders’ equity | ||
| Preferred stock | 1,989 | 2,394 |
| Common stock | 15 | 15 |
| Capital surplus | 15,484 | 15,389 |
| Less treasury shares, at cost | (86) | (91) |
| Accumulated other comprehensive income (loss) | (2,866) | (2,676) |
| Retained earnings | 5,204 | 4,322 |
| Total Huntington shareholders’ equity | 19,740 | 19,353 |
| Non-controlling interest | 42 | 45 |
| Total equity | 19,782 | 19,398 |
| Total liabilities and equity | $204,230 | $189,368 |
| Common shares authorized (par value of $0.01) | 2,250,000,000 | 2,250,000,000 |
| Common shares outstanding | 1,453,635,809 | 1,448,319,953 |
| Treasury shares outstanding | 6,984,102 | 7,403,008 |
| Preferred stock, authorized shares | 6,617,808 | 6,617,808 |
| Preferred shares outstanding | 877,500 | 881,587 |
(1)Includes VIE balances in net loans and leases, long-term debt, other assets, and other liabilities of $1.1 billion, $1.0 billion, $264 million, and $109 million, respectively, at December 31, 2024, and VIE balances in other assets, and other liabilities of $82 million and $57 million, at December 31, 2023, respectively. See Note 20 - “Variable Interest Entities” for additional information.
94 Huntington Bancshares Incorporated
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