Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is the amount of earnings (adjusted for preferred stock dividends and the impact of preferred stock repurchases and redemptions) 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, performance share units, and shares held in 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) 2024 2023 2022
Basic earnings per common share:
Net income attributable to Huntington $ 1,940  $ 1,951  $ 2,238 
Dividends on preferred shares 134  142  113 
Impact of preferred stock redemptions and repurchases 5  (8) — 
Net income available to common shareholders $ 1,801  $ 1,817  $ 2,125 
Average common shares issued and outstanding 1,451,421  1,446,449  1,441,279 
Basic earnings per common share $ 1.24  $ 1.26  $ 1.47 
Diluted earnings per common share:
Average dilutive potential common shares:
Stock options, restricted stock units and awards, and performance share units 17,669  14,456  17,534 
Shares held in deferred compensation plans 7,352  7,111  6,407 
Average dilutive potential common shares 25,021  21,567  23,941 
Total diluted average common shares issued and outstanding 1,476,442  1,468,016  1,465,220 
Diluted earnings per common share $ 1.22  $ 1.24  $ 1.45 
Anti-dilutive awards (1) 4,534  11,039  5,303 
(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.