Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,333 $ 1,558
Interest-earning deposits with banks 11,450 8,765
Trading account securities 154 125
Available-for-sale securities 27,454 25,305
Held-to-maturity securities 15,036 15,750
Other securities 844 725
Loans held for sale 668 516
Loans and leases 124,422 121,982
Allowance for loan and lease losses (2,304) (2,255)
Net loans and leases [1] 122,118 119,727
Bank owned life insurance 2,775 2,759
Accrued income and other receivables 1,591 1,646
Premises and equipment 1,095 1,109
Goodwill 5,561 5,561
Servicing rights and other intangible assets 673 672
Other assets [1] 5,558 5,150
Total assets 196,310 189,368
Liabilities    
Demand deposits—noninterest-bearing 28,636 30,967
Interest-bearing 125,731 120,263
Total deposits 154,367 151,230
Short-term borrowings 187 620
Long-term debt [1] 16,461 12,394
Other liabilities [1] 5,732 5,726
Total liabilities 176,747 169,970
Commitments and Contingent Liabilities (Note 15)
Shareholders’ Equity    
Preferred stock 2,394 2,394
Common stock 15 15
Capital surplus 15,425 15,389
Less treasury shares, at cost (90) (91)
Accumulated other comprehensive income (loss) (2,911) (2,676)
Retained earnings 4,682 4,322
Total Huntington shareholders’ equity 19,515 19,353
Non-controlling interest 48 45
Total equity 19,563 19,398
Total liabilities and equity $ 196,310 $ 189,368
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,452,432,838 1,448,319,953
Treasury shares outstanding (in shares) 7,322,727 7,403,008
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 881,587 881,587
[1] Includes VIE balances in net loans and leases and long-term debt of $1.4 billion and $1.3 billion, respectively, at June 30, 2024, and VIE balances in other assets of $173 million and $82 million, and other liabilities of $63 million and $57 million, at June 30, 2024 and December 31, 2023, respectively. See Note 14 - “Variable Interest Entities” for additional information.