Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 1,096 $ 1,319
Interest-bearing deposits at Federal Reserve Bank 7,493 5,276
Interest-bearing deposits in banks 52 117
Trading account securities 51 62
Available-for-sale securities 19,375 16,485
Held-to-maturity securities 7,815 8,861
Other securities 411 418
Loans held for sale (includes $1,531 and $1,198 respectively, measured at fair value) [1] 1,537 1,275
Loans and leases (includes $118 and $94 respectively, measured at fair value) [1] 80,230 81,608
Allowance for loan and lease losses (1,703) (1,814)
Net loans and leases 78,527 79,794
Bank owned life insurance 2,581 2,577
Premises and equipment 747 757
Goodwill 1,990 1,990
Servicing rights and other intangible assets 480 428
Other assets 3,613 3,679
Total assets 125,768 123,038
Liabilities    
Deposits 102,184 98,948
Short-term borrowings 219 183
Long-term debt 7,210 8,352
Other liabilities 2,555 2,562
Total liabilities 112,168 110,045
Commitments and Contingent Liabilities (Note 14)
Shareholders’ equity    
Preferred stock 2,676 2,191
Common stock 10 10
Capital surplus 8,806 8,781
Less treasury shares, at cost (59) (59)
Accumulated other comprehensive (loss) gain (56) 192
Retained earnings 2,223 1,878
Total shareholders’ equity 13,600 12,993
Total liabilities and shareholders’ equity $ 125,768 $ 123,038
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,018,052,923 1,017,196,776
Treasury shares outstanding (in shares) 5,041,104 5,062,054
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 1,250,500 750,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 11 “Fair Values of Assets and Liabilities”.