Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 1,708,000 $ 1,811,000
Interest-bearing deposits at Federal Reserve Bank 2,816,000 3,711,000
Interest-bearing deposits in banks 98,000 392,000
Trading account securities 74,000 46,000
Available-for-sale securities 25,152,000 28,460,000
Held-to-maturity securities 17,190,000 12,447,000
Other securities 1,056,000 648,000
Loans held for sale (includes $835 and $1,270 respectively, measured at fair value) [1] 1,070,000 1,676,000
Loans and leases (includes $175 and $171 respectively, measured at fair value) [1] 112,817,000 111,267,000
Allowance for loan and lease losses (2,018,000) (2,030,000)
Net loans and leases 110,799,000 109,237,000
Bank owned life insurance 2,762,000 2,765,000
Accrued income and other receivables 2,199,000 1,319,000
Premises and equipment 1,173,000 1,164,000
Goodwill 5,349,000 5,349,000
Servicing rights and other intangible assets 665,000 611,000
Other assets 4,745,000 4,428,000
Total assets 176,856,000 174,064,000
Liabilities    
Demand deposits—noninterest-bearing 43,824,000 43,236,000
Interest-bearing 103,141,000 100,027,000
Total deposits 146,965,000 143,263,000
Short-term borrowings 652,000 334,000
Long-term debt 6,508,000 7,108,000
Other liabilities 4,250,000 4,041,000
Total liabilities 158,375,000 154,746,000
Commitments and Contingent Liabilities (Note 15)
Shareholders’ equity    
Preferred stock 2,167,000 2,167,000
Common stock 14,000 14,000
Capital surplus 15,255,000 15,222,000
Less treasury shares, at cost (78,000) (79,000)
Accumulated other comprehensive income (loss) (1,314,000) (229,000)
Retained earnings 2,408,000 2,202,000
Total Huntington Bancshares Inc shareholders’ equity 18,452,000 19,297,000
Non-controlling interest 29,000 21,000
Total equity 18,481,000 19,318,000
Total liabilities and shareholders’ equity $ 176,856,000 $ 174,064,000
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,439,174,659 1,437,742,172
Treasury shares outstanding (in shares) 6,211,714 6,298,288
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 557,500 557,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 12 “Fair Values of Assets and Liabilities”.