Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 1,431 $ 1,045
Interest-bearing deposits at Federal Reserve Bank 336 125
Interest-bearing deposits in banks 137 102
Trading account securities 36 99
Available-for-sale securities 14,622 14,149
Held-to-maturity securities 10,193 9,070
Other securities 488 441
Loans held for sale (includes $836 and $781 respectively, measured at fair value) [1] 997 877
Loans and leases (includes $81 and $81 respectively, measured at fair value) [1] 78,035 75,404
Allowance for loan and lease losses (1,504) (783)
Net loans and leases 76,531 74,621
Bank owned life insurance 2,551 2,542
Premises and equipment 743 763
Goodwill 1,990 1,990
Servicing rights and other intangible assets 417 475
Other assets 3,425 2,703
Total assets 113,897 109,002
Liabilities    
Deposits 86,830 82,347
Short-term borrowings 2,826 2,606
Long-term debt 9,796 9,849
Other liabilities 2,676 2,405
Total liabilities 102,128 97,207
Shareholders’ equity    
Preferred stock 1,203 1,203
Common stock 10 10
Capital surplus 8,728 8,806
Less treasury shares, at cost (56) (56)
Accumulated other comprehensive gain (loss) 227 (256)
Retained earnings 1,657 2,088
Total shareholders’ equity 11,769 11,795
Total liabilities and shareholders’ equity $ 113,897 $ 109,002
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,014,218,094 1,020,003,482
Treasury shares outstanding (in shares) 4,534,022 4,537,605
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 11Fair Values of Assets and Liabilities”.