Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and fee income:      
Loans and leases $ 3,636,000 $ 3,085,000 $ 3,541,000
Available-for-sale securities      
Taxable 261,000 237,000 295,000
Tax-exempt 56,000 61,000 83,000
Held-to-maturity securities-taxable 174,000 215,000 218,000
Other securities-taxable 10,000 6,000 16,000
Other interest income 54,000 43,000 48,000
Total interest income 4,191,000 3,647,000 4,201,000
Interest expense      
Deposits 45,000 197,000 585,000
Short-term borrowings 1,000 13,000 54,000
Long-term debt 43,000 213,000 349,000
Total interest expense 89,000 423,000 988,000
Net interest income 4,102,000 3,224,000 3,213,000
Provision for credit losses 25,000 1,048,000 287,000
Net interest income after provision for credit losses 4,077,000 2,176,000 2,926,000
Service charges on deposit accounts 372,000 301,000 372,000
Card and payment processing income 334,000 248,000 246,000
Mortgage banking income 309,000 366,000 167,000
Trust and investment management services 232,000 189,000 178,000
Capital markets fees 151,000 125,000 123,000
Insurance income 105,000 97,000 88,000
Leasing revenue 99,000 21,000 19,000
Bank owned life insurance income 69,000 64,000 66,000
Gain on sale of loans 9,000 42,000 55,000
Net gains (losses) on sales of securities 9,000 (1,000) (24,000)
Other noninterest income 200,000 139,000 164,000
Total noninterest income 1,889,000 1,591,000 1,454,000
Personnel costs 2,335,000 1,692,000 1,654,000
Outside data processing and other services 850,000 384,000 346,000
Net occupancy 277,000 158,000 159,000
Equipment 248,000 180,000 163,000
Professional services 113,000 55,000 54,000
Marketing 89,000 38,000 37,000
Deposit and other insurance expense 51,000 32,000 34,000
Amortization of intangibles 48,000 41,000 49,000
Lease financing equipment depreciation 41,000 1,000 4,000
Other noninterest expense 323,000 214,000 221,000
Total noninterest expense 4,375,000 2,795,000 2,721,000
Income before income taxes 1,591,000 972,000 1,659,000
Provision for income taxes 294,000 155,000 248,000
Income after income taxes 1,297,000 817,000 1,411,000
Income attributable to non-controlling interest 2,000 0 0
Net income attributable to Huntington Bancshares Inc 1,295,000 817,000 1,411,000
Dividends on preferred shares 131,000 100,000 74,000
Impact of preferred stock redemption 11,000 0 0
Net income available to common shares $ 1,153,000 $ 717,000 $ 1,337,000
Average common shares—basic (in shares) 1,262,435 1,017,117 1,038,840
Average common shares—diluted (in shares) 1,286,733 1,032,683 1,056,079
Per common share:      
Net income - basic (in USD per share) $ 0.91 $ 0.71 $ 1.29
Net income - diluted (in USD per share) $ 0.90 $ 0.69 $ 1.27