Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Assets        
Cash and due from banks $ 1,811     $ 1,319
Interest-bearing deposits at Federal Reserve Bank 3,711     5,276
Interest-bearing deposits in banks 392     117
Trading account securities 46     62
Available-for-sale securities 28,460     16,485
Held-to-maturity securities 12,447     8,861
Other securities 648     418
Loans held for sale (includes $1,270 and $1,198 respectively, measured at fair value) [1] 1,676     1,275
Loans and leases (includes $171 and $94 respectively, measured at fair value) [1] 111,920     81,608
Allowance for loan and lease losses (2,030)     (1,814)
Net loans and leases 109,890     79,794
Bank owned life insurance 2,765     2,577
Premises and equipment 1,164     757
Goodwill 5,349     1,990
Servicing rights and other intangible assets 611     428
Other assets 5,094     3,679
Total assets 174,064     123,038
Deposits:        
Demand deposits—noninterest-bearing 43,236     28,553
Interest-bearing 100,027     70,395
Total deposits 143,263     98,948
Short-term borrowings 334     183
Long-term debt 7,108     8,352
Other liabilities 4,041     2,562
Total liabilities 154,746     110,045
Commitments and Contingent Liabilities (Note 22)      
Shareholders’ equity        
Preferred stock 2,167     2,191
Common stock 14     10
Capital surplus 15,222     8,781
Less treasury shares, at cost (79)     (59)
Accumulated other comprehensive (loss) gain (229)     192
Retained earnings 2,202     1,878
Total Huntington Bancshares Inc shareholders’ equity 19,297     12,993
Non-controlling interest 21     0
Total equity 19,318     12,993
Total liabilities and shareholders’ equity $ 174,064     $ 123,038
Common shares authorized (par value of $0.01) (in shares) 2,250,000,000 2,250,000,000 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,437,742,172     1,017,196,776
Treasury shares outstanding (in shares) 6,298,288     5,062,054
Preferred stock, authorized shares (in shares) 6,617,808     6,617,808
Preferred shares outstanding (in shares) 557,500     750,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 19 “Fair Values of Assets and Liabilities”.