Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHAREBasic earnings per share is the amount of earnings (adjusted for dividends declared on preferred stock and impact of preferred stock redemption) available to each share of common stock outstanding during the reporting period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options, restricted stock units and awards, and distributions from deferred compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.
The calculation of basic and diluted earnings per share is as follows:
Year Ended December 31,
(dollar amounts in millions, except per share data, share count in thousands) 2022 2021 2020
Basic earnings per common share:
Net income attributable to Huntington Bancshares Inc $ 2,238  $ 1,295  $ 817 
Dividends on preferred shares 113  131  100 
Impact of preferred stock redemption —  11  — 
Net income available to common shares $ 2,125  $ 1,153  $ 717 
Average common shares issued and outstanding 1,441,279  1,262,435  1,017,117 
Basic earnings per common share $ 1.47  $ 0.91  $ 0.71 
Diluted earnings per common share:
Dilutive potential common shares
Stock options and restricted stock units and awards 17,534  18,185  10,613 
Shares held in deferred compensation plans 6,407  6,113  4,953 
Dilutive potential common shares 23,941  24,298  15,566 
Total diluted average common shares issued and outstanding 1,465,220  1,286,733  1,032,683 
Diluted earnings per common share $ 1.45  $ 0.90  $ 0.69 
Anti-dilutive awards (1) 5,303  2,674  9,760 
(1)Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.