Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 1,285 $ 1,045
Interest-bearing deposits at Federal Reserve Bank 5,008 125
Interest-bearing deposits in banks 82 102
Trading account securities 45 99
Available-for-sale securities 13,297 14,149
Held-to-maturity securities 9,416 9,070
Other securities 438 441
Loans held for sale (includes $954 and $781 respectively, measured at fair value) [1] 1,165 877
Loans and leases (includes $79 and $81 respectively, measured at fair value) [1] 80,139 75,404
Allowance for loan and lease losses (1,702) (783)
Net loans and leases 78,437 74,621
Bank owned life insurance 2,560 2,542
Premises and equipment 751 763
Goodwill 1,990 1,990
Servicing rights and other intangible assets 411 475
Other assets 3,540 2,703
Total assets 118,425 109,002
Liabilities    
Deposits 93,691 82,347
Short-term borrowings 146 2,606
Long-term debt 9,753 9,849
Other liabilities 2,521 2,405
Total liabilities 106,111 97,207
Shareholders’ equity    
Preferred stock 1,697 1,203
Common stock 10 10
Capital surplus 8,743 8,806
Less treasury shares, at cost (59) (56)
Accumulated other comprehensive gain (loss) 290 (256)
Retained earnings 1,633 2,088
Total shareholders’ equity 12,314 11,795
Total liabilities and shareholders’ equity $ 118,425 $ 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) 1,017,309,583 1,020,003,482
Treasury shares outstanding (in shares) 4,999,371 4,537,605
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 745,500 740,500
[1]
(1)
Amounts represent loans for which Huntington has elected the fair value option. See Note 12Fair Values of Assets and Liabilities”.