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$24.77+0.9%Stored close · as of Nov 6, 2026

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Contents

HUNTINGTON BANCSHARES INCORPORATED

Part I.
	Glossary of Acronyms and Terms	5
Item 1.	Business	8
	Competition	10
	Regulatory Matters	11
	Corporate Responsibility	23
	Available Information	27
Item 1A.	Risk Factors	28
Item 1B.	Unresolved Staff Comments	43
Item 1C.	Cybersecurity	43
Item 2.	Properties	44
Item 3.	Legal Proceedings	44
Item 4.	Mine Safety Disclosures	44
Part II.
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	45
Item 6.	[Reserved]	45
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	45
	Introduction	46
	Executive Overview	46
	Discussion of Results of Operations	50
	Risk Management:	55
	Credit Risk	58
	Market Risk	70
	Liquidity Risk	74
	Operational Risk	79
	Compliance Risk	80
	Capital	80
	Business Segment Discussion	83
	Additional Disclosures	86
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	90
Item 8.	Financial Statements and Supplementary Data	90
	Consolidated Balance Sheets	94
	Consolidated Statements of Income	95
	Consolidated Statements of Comprehensive Income	96
	Consolidated Statements of Changes in Shareholders’ Equity	97
	Consolidated Statements of Cash Flows	98
	Note 1 - Significant Accounting Policies	100
	Note 2 - Accounting Standards Update	108
	Note 3 - Investment Securities and Other Securities	109
	Note 4 - Loans and Leases	113
	Note 5 - Allowance for Credit Losses	122
	Note 6 - Mortgage Loan Sales and Servicing Rights	123
	Note 7 - Goodwill and Other Intangible Assets	124
	Note 8 - Premises and Equipment	124

Part III.
	Note 9 - Operating Leases	125
	Note 10 - Borrowings	125
	Note 11 - Other Comprehensive Income	128
	Note 12 - Shareholders’ Equity	129
	Note 13 - Earnings Per Share	130
	Note 14 - Revenue from Contracts with Customers	131
	Note 15 - Share-Based Compensation	133
	Note 16 - Benefit Plans	134
	Note 17 - Income Taxes	136
	Note 18 - Fair Values of Assets and Liabilities	138
	Note 19 - Derivative Financial Instruments	147
	Note 20 - Variable Interest Entities	153
	Note 21 - Commitments and Contingent Liabilities	155
	Note 22 - Other Regulatory Matters	156
	Note 23 - Parent-Only Financial Statements	157
	Note 24 - Segment Reporting	159
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	162
Item 9A.	Controls and Procedures	162
Item 9B.	Other Information	162
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.	162
Item 10.	Directors, Executive Officers, and Corporate Governance	163
Item 11.	Executive Compensation	163
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	163
Item 13.	Certain Relationships and Related Transactions, and Director Independence	163
Item 14.	Principal Accounting Fees and Services	164
Part IV.
Item 15.	Exhibits and Financial Statement Schedules	164
Signatures	168

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