HUNTINGTON BANCSHARES INC MD

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

About this filing

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.

FY2024 · Filed Feb 14, 2025

HBANL$24.80+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statem ents of Income

	Year Ended December 31,
(dollar amounts in millions, except per share data, share amounts in thousands)	2024	2023	2022
Interest and fee income:
Loans and leases	$7,481	$6,811	$4,816
Available-for-sale securities
Taxable	1,251	1,016	576
Tax-exempt	112	104	74
Held-to-maturity securities-taxable	385	401	351
Other securities-taxable	42	53	27
Other	650	531	125
Total interest income	9,921	8,916	5,969
Interest expense:
Deposits	3,572	2,497	363
Short-term borrowings	69	179	46
Long-term debt	935	801	287
Total interest expense	4,576	3,477	696
Net interest income	5,345	5,439	5,273
Provision for credit losses	420	402	289
Net interest income after provision for credit losses	4,925	5,037	4,984
Noninterest income:
Payments and cash management revenue	620	585	561
Wealth and asset management revenue	364	328	300
Customer deposit and loan fees	334	312	350
Capital markets and advisory fees	327	248	265
Mortgage banking income	130	109	144
Leasing revenue	79	112	126
Insurance income	77	74	79
Net gains (losses) on sales of securities	(21)	(7)	—
Other noninterest income	130	160	156
Total noninterest income	2,040	1,921	1,981
Noninterest expense:
Personnel costs	2,701	2,529	2,401
Outside data processing and other services	665	605	610
Equipment	267	263	269
Net occupancy	221	246	246
Marketing	116	115	91
Deposit and other insurance expense	114	302	67
Professional services	99	99	77
Amortization of intangibles	47	50	53
Lease financing equipment depreciation	15	27	45
Other noninterest expense	317	338	342
Total noninterest expense	4,562	4,574	4,201
Income before income taxes	2,403	2,384	2,764
Provision for income taxes	443	413	515
Income after income taxes	1,960	1,971	2,249
Income attributable to non-controlling interest	20	20	11
Net income attributable to Huntington	1,940	1,951	2,238
Dividends on preferred shares	134	142	113
Impact of preferred stock redemptions and repurchases	5	(8)	—
Net income applicable to common shares	$1,801	$1,817	$2,125
Average common shares—basic	1,451,421	1,446,449	1,441,279
Average common shares—diluted	1,476,442	1,468,016	1,465,220
Per common share:
Net income—basic	$1.24	$1.26	$1.47
Net income—diluted	1.22	1.24	1.45

2024 Form 10-K 95

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.