v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 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
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] 16,374 12,394
Dividends payable, accrued expenses, and 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) (in shares) 2,250,000,000 2,250,000,000
Common shares outstanding (in shares) 1,453,635,809 1,448,319,953
Treasury shares outstanding (in shares) 6,984,102 7,403,008
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 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.

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