HUNTINGTON BANCSHARES INC /MD/
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
HBANL$24.80+0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (dollar amounts in millions) | 2025 | 2024 | 2023 |
| Operating activities | |||
| Net income | $2,229 | $1,960 | $1,971 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 463 | 420 | 402 |
| Depreciation, amortization, and accretion | 762 | 622 | 798 |
| Share-based compensation expense | 113 | 106 | 97 |
| Deferred income tax benefit | (403) | (26) | (302) |
| Net losses (gains) on sales of securities | 58 | — | — |
| Gain from early extinguishment of debt | (11) | (8) | — |
| Net change in: | |||
| Trading account securities | (10) | 72 | (106) |
| Loans held for sale | (170) | (227) | (83) |
| Other assets | (825) | (761) | (491) |
| Short-term borrowings | 117 | 21 | — |
| Other liabilities | 230 | (344) | 341 |
| Other, net | (71) | 1 | 30 |
| Net cash provided by operating activities | 2,482 | 1,836 | 2,657 |
| Investing activities | |||
| Change in interest-earning deposits with banks | 297 | (254) | 23 |
| Proceeds from: | |||
| Maturities and calls of available-for-sale securities | 7,137 | 11,001 | 2,689 |
| Maturities and calls of held-to-maturity securities | 1,642 | 1,397 | 1,523 |
| Maturities and calls of other securities | 109 | 57 | 615 |
| Sales of available-for-sale securities | 1,691 | 990 | 767 |
| Sales of other securities | — | — | 144 |
| Purchases of available-for-sale securities | (5,325) | (14,043) | (4,965) |
| Purchases of held-to-maturity securities | (515) | (2,037) | (256) |
| Purchases of other securities | (211) | (155) | (630) |
| Net proceeds from sales of loans and leases | 457 | 391 | 450 |
| Principal payments received under direct finance leases | 1,856 | 1,769 | 1,891 |
| Net loan and lease activity, excluding sales and purchases | (12,850) | (10,025) | (5,108) |
| Purchases of premises and equipment | (267) | (143) | (140) |
| Purchases of loans and leases | (981) | (680) | (71) |
| Net accrued income and other receivables activity | (332) | (474) | (17) |
| Net cash and cash equivalents received from business combinations | 864 | — | — |
| Other, net | 81 | 87 | 88 |
| Net cash used in investing activities | (6,347) | (12,119) | (2,997) |
| Financing activities | |||
| Increase in deposits | 3,646 | 11,218 | 3,316 |
| Increase (decrease) in short-term borrowings | 785 | (803) | (1,295) |
| Net proceeds from issuance of long-term debt | 2,500 | 7,661 | 14,965 |
| Repayment of long-term debt | (2,053) | (3,563) | (12,376) |
| Dividends paid on preferred stock | (108) | (143) | (134) |
| Dividends paid on common stock | (908) | (903) | (900) |
| Repurchase/redemption of preferred stock | — | (410) | (82) |
| Net proceeds from issuance of preferred stock | 741 | — | 317 |
| Other, net | (90) | (56) | (46) |
| Net cash provided by financing activities | 4,513 | 13,001 | 3,765 |
| Increase in cash and cash equivalents | 648 | 2,718 | 3,425 |
| Cash and cash equivalents at beginning of period (1) | 12,847 | 10,129 | 6,704 |
| Cash and cash equivalents at end of period (1) | $13,495 | $12,847 | $10,129 |
2025 Form 10-K 105
Consolidated Statements of Cash Flows (continued)
| Year Ended December 31, | |||
|---|---|---|---|
| (dollar amounts in millions) | 2025 | 2024 | 2023 |
| Supplemental disclosures: | |||
| Interest paid | $4,267 | $4,547 | $3,359 |
| Income taxes paid | 274 | 123 | 90 |
| Non-cash activities: | |||
| Loans transferred to held-for-sale from portfolio | 988 | 390 | 439 |
| Loans transferred to portfolio from held-for-sale | 23 | 34 | 22 |
| Business combination: | |||
| Fair value of tangible assets acquired | 11,057 | — | — |
| Goodwill and other intangible assets | 555 | — | — |
| Fair value of liabilities assumed | 10,792 | — | — |
| Common stock and equity-based awards issued | 1,682 | — | — |
(1)Includes cash and due from banks and interest-earning deposits at the FRB, included within Interest-earning deposits with banks on our Consolidated Balance Sheets.
106 Huntington Bancshares Incorporated
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