Huntington Bancshares Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Millions	Total	Total	Preferred Stock	Common Stock	Capital Surplus	Treasury Stock	AOCI	Retained Earnings	Noncontrolling Interest	Common Stock	Common Stock Total	Common Stock Capital Surplus	Series I Preferred Stock	Series I Preferred Stock Total	Series I Preferred Stock Preferred Stock	Series I Preferred Stock Capital Surplus	Series D Preferred Stock	Series D Preferred Stock Total	Series D Preferred Stock Preferred Stock	Series D Preferred Stock Capital Surplus	Series D Preferred Stock Retained Earnings
Balance, beginning of year at Dec. 31, 2020	$ 12,993	$ 12,993	$ 2,191	$ 10	$ 8,781	$ (59)	$ 192	$ 1,878	$ 0
Balance, beginning of year (in shares) at Dec. 31, 2020				1,022,258,000
Balance, beginning of year, treasury stock (in shares) at Dec. 31, 2020						(5,062,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,297	1,295						1,295	2
Other comprehensive income, net of tax	(421)	(421)					(421)
Net proceeds from issuance of stock	486	486	486
Issuance of common stock (in shares)				458,171,000
Issuance of stock	6,961	6,961		$ 5	6,993	$ (37)							$ 185	$ 185	$ 175	$ 10
Non-controlling interest acquired	22								22
Repurchase of stock (in shares)				(43,139,000)
Repurchase of preferred stock										$ (650)	$ (650)	$ (650)					$ (700)	$ (700)	$ (685)	$ (4)	$ (11)
Cash dividends declared:
Cash dividends declared, common stock	(826)	(826)						(826)
Cash dividends declared, preferred stock	(131)	(131)						(131)					(7)				(18)
Recognition of the fair value of share-based compensation	129	129			129
Other share-based compensation activity (in shares)				6,750,000
Other share-based compensation activity	(38)	(38)		$ (1)	(37)
Other (in shares)						(1,236,000)
Other	11	14			0	$ 17		(3)	(3)
Balance, end of year (in shares) at Dec. 31, 2021				1,444,040,000
Balance, end of year, treasury stock (in shares) at Dec. 31, 2021						(6,298,000)
Balance, end of year at Dec. 31, 2021	19,318	19,297	2,167	$ 14	15,222	$ (79)	(229)	2,202	21
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,249	2,238						2,238	11
Other comprehensive income, net of tax	(2,869)	(2,869)					(2,869)
Cash dividends declared:
Cash dividends declared, common stock	(908)	(908)						(908)
Cash dividends declared, preferred stock	(113)	(113)						(113)					(10)				0
Recognition of the fair value of share-based compensation	105	105			105
Other share-based compensation activity (in shares)				5,350,000
Other share-based compensation activity	(19)	(19)			(19)
Other (in shares)						(24,000)
Other	$ 6				1	$ (1)			6
Balance, end of year (in shares) at Dec. 31, 2022	1,443,068,036			1,449,390,000
Balance, end of year, treasury stock (in shares) at Dec. 31, 2022	(6,322,052)					(6,322,000)
Balance, end of year at Dec. 31, 2022	$ 17,769	17,731	2,167	$ 14	15,309	$ (80)	(3,098)	3,419	38
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,971	1,951						1,951	20
Other comprehensive income, net of tax	422	422					422
Net proceeds from issuance of stock	317	317	317
Repurchase of preferred stock	(82)	(82)	(90)					8
Cash dividends declared:
Cash dividends declared, common stock	(911)	(911)						(911)
Cash dividends declared, preferred stock	(142)	(142)						(142)					$ (10)				$ 0
Recognition of the fair value of share-based compensation	97	97			97
Other share-based compensation activity (in shares)				6,333,000
Other share-based compensation activity	(19)	(19)		$ 1	(17)			(3)
Other (in shares)						(1,081,000)
Other	$ (24)	(11)				$ (11)			(13)
Balance, end of year (in shares) at Dec. 31, 2023	1,448,319,953			1,455,723,000
Balance, end of year, treasury stock (in shares) at Dec. 31, 2023	(7,403,008)					(7,403,000)
Balance, end of year at Dec. 31, 2023	$ 19,398	$ 19,353	$ 2,394	$ 15	$ 15,389	$ (91)	$ (2,676)	$ 4,322	$ 45