Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 1,018 $ 1,108
Interest-bearing deposits at Federal Reserve Bank 618 1,564
Interest-bearing deposits in banks 122 53
Trading account securities 118 105
Available-for-sale securities 14,286 13,780
Debt Securities, Held-to-maturity 8,430 8,565
Other securities 455 565
Loans held for sale (includes $963 and $613 respectively, measured at fair value) [1] 1,064 804
Loans and leases (includes $80 and $79 respectively, measured at fair value) [1] 74,892 74,900
Allowance for loan and lease losses (783) (772)
Net loans and leases 74,109 74,128
Bank owned life insurance 2,532 2,507
Premises and equipment 775 790
Goodwill 1,990 1,989
Servicing rights and other intangible assets 455 535
Other assets 2,763 2,288
Total assets 108,735 108,781
Liabilities    
Deposits (includes $0 and $872 respectively, classified as held-for-sale) 82,395 84,774
Short-term borrowings 2,173 2,017
Long-term debt 9,874 8,625
Other liabilities 2,384 2,263
Total liabilities 96,826 97,679
Shareholders’ equity    
Preferred stock 1,203 1,203
Common stock 10 11
Capital surplus 8,980 9,181
Less treasury shares, at cost (55) (45)
Accumulated other comprehensive loss (175) (609)
Retained earnings 1,946 1,361
Total shareholders’ equity 11,909 11,102
Total liabilities and shareholders’ equity $ 108,735 $ 108,781
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,032,755,207 1,046,767,252
Treasury shares outstanding (in shares) 4,548,310 3,817,385
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 740,500 740,500
[1]
(1)
Amounts represent loans for which Huntington has elected the fair value option. See Note 11 "Fair Values of Assets and Liabilities".