Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,677 $ 1,558
Interest-earning deposits with banks 11,163 8,765
Trading account securities 472 125
Available-for-sale securities 28,492 25,305
Held-to-maturity securities 15,670 15,750
Other securities 826 725
Loans held for sale (includes $649 and $506 respectively, measured at fair value) 655 516
Loans and leases (includes $175 and $174 respectively, measured at fair value) 126,387 121,982
Allowance for loan and lease losses (2,235) (2,255)
Net loans and leases [1] 124,152 119,727
Bank owned life insurance 2,782 2,759
Accrued income and other receivables 1,633 1,646
Premises and equipment 1,093 1,109
Goodwill 5,561 5,561
Servicing rights and other intangible assets 633 672
Other assets [1] 5,726 5,150
Total assets 200,535 189,368
Liabilities    
Demand deposits—noninterest-bearing 29,047 30,967
Interest-bearing 129,304 120,263
Total deposits 158,351 151,230
Short-term borrowings 868 620
Long-term debt [1] 15,656 12,394
Other liabilities [1] 5,008 5,726
Total liabilities 179,883 169,970
Commitments and Contingent Liabilities (Note 15)
Shareholders’ Equity    
Preferred stock 2,394 2,394
Common stock 15 15
Capital surplus 15,455 15,389
Less treasury shares, at cost (89) (91)
Accumulated other comprehensive income (loss) (2,104) (2,676)
Retained earnings 4,935 4,322
Total Huntington shareholders’ equity 20,606 19,353
Non-controlling interest 46 45
Total equity 20,652 19,398
Total liabilities and equity $ 200,535 $ 189,368
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,452,811,392 1,448,319,953
Treasury shares outstanding (in shares) 7,174,374 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 $1.3 billion and $1.1 billion, respectively, at September 30, 2024, and VIE balances in other assets of $267 million and $82 million, and other liabilities of $121 million and $57 million, at September 30, 2024 and December 31, 2023, respectively. See Note 14 - “Variable Interest Entities” for additional information.