Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net (loss) income attributable to Huntington Bancshares Inc $ 517,000 $ 198,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 151,000 768,000
Depreciation and amortization 274,000 178,000
Share-based compensation expense 66,000 40,000
Deferred income tax expense (benefit) 34,000 (66,000)
Net change in:    
Trading account securities (31,000) 54,000
Loans held for sale 50,000 (181,000)
Other assets (416,000) (1,032,000)
Other liabilities 261,000 755,000
Other, net 82,000 (4,000)
Net cash provided by operating activities 988,000 710,000
Investing activities    
Change in interest bearing deposits in banks 415,000 (27,000)
Net cash received from business combination 466,000 0
Proceeds from:    
Maturities and calls of available-for-sale securities 3,683,000 1,947,000
Maturities and calls of held-to-maturity securities 1,995,000 1,173,000
Maturities and calls of other securities 0 65,000
Sales of available-for-sale securities 5,838,000 390,000
Purchases of available-for-sale securities (10,285,000) (2,744,000)
Purchases of held-to-maturity securities (1,547,000) 0
Purchases of other securities 0 (62,000)
Net proceeds from sales of portfolio loans and leases 334,000 416,000
Principal payments received under direct finance and sales-type leases 408,000 346,000
Net loan and lease activity, excluding sales and purchases 3,153,000 (5,443,000)
Purchases of premises and equipment (99,000) (49,000)
Purchases of loans and leases (493,000) (402,000)
Other, net 118,000 21,000
Net cash provided by (used in) investing activities 3,986,000 (4,369,000)
Financing activities    
Increase in deposits 5,194,000 11,344,000
Decrease in short-term borrowings (1,152,000) (2,293,000)
Net proceeds from issuance of long-term debt 59,000 1,321,000
Maturity/redemption of long-term debt (2,526,000) (1,634,000)
Dividends paid on preferred stock (66,000) (37,000)
Dividends paid on common stock (308,000) (307,000)
Repurchases of common stock 0 (88,000)
Net proceeds from issuance of preferred stock 485,000 494,000
Other, net 0 (18,000)
Net cash provided by financing activities 1,686,000 8,782,000
Increase in cash and cash equivalents 6,660,000 5,123,000
Cash and cash equivalents at beginning of period 6,595,000 1,170,000
Cash and cash equivalents at end of period 13,255,000 6,293,000
Supplemental disclosures:    
Interest paid 87,000 297,000
Income taxes paid 200,000 10,000
Non-cash activities    
Loans transferred to held-for-sale from portfolio 190,000 589,000
Loans transferred to portfolio from held-for-sale 60,000 23,000
Transfer of securities from available-for-sale to held-to-maturity 3,007,000 1,520,000
TCF Financial Corporation    
Non-cash activities    
Noncash or Part Noncash Acquisition, Value of Assets Acquired 46,256,000 0
Noncash or Part Noncash Acquisition, Intangible Assets Acquired 3,483,000 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed   0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 46,256,000 0
Noncash or Part Noncash Acquisition, Intangible Assets Acquired 3,483,000 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed   0
Preferred Stock    
Conversion of Stock, Amount Converted   0
Preferred Stock | TCF Financial Corporation    
Conversion of Stock, Amount Converted 185,000  
Common Stock-Par Value $0.01 per share    
Conversion of Stock, Amount Converted   $ 0
Common Stock-Par Value $0.01 per share | TCF Financial Corporation    
Conversion of Stock, Amount Converted $ 6,998,000