Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 1,598 $ 1,685
Interest-earning deposits with banks 14,330 11,647
Trading account securities 477 53
Available-for-sale securities 27,839 27,273
Held-to-maturity securities 16,315 16,368
Other securities 880 823
Loans held for sale (includes $555 and $652, respectively, measured at fair value) 580 654
Loans and leases (includes $175 and $173, respectively, measured at fair value) 132,505 130,042
Allowance for loan and lease losses (2,263) (2,244)
Net loans and leases [1] 130,242 127,798
Bank-owned life insurance 2,799 2,793
Accrued income and other receivables 1,716 2,190
Premises and equipment 1,085 1,066
Goodwill 5,561 5,561
Servicing rights and other intangible assets 656 677
Other assets [1] 5,518 5,642
Total assets 209,596 204,230
Liabilities    
Demand deposits—noninterest-bearing 30,217 29,345
Interest-bearing 135,120 133,103
Total deposits 165,337 162,448
Short-term borrowings 664 199
Long-term debt [1] 18,096 16,374
Other liabilities [1] 5,013 5,427
Total liabilities 189,110 184,448
Commitments and Contingent Liabilities (Note 15)
Shareholders’ Equity    
Preferred stock 1,989 1,989
Common stock 15 15
Capital surplus 15,479 15,484
Less treasury shares, at cost (90) (86)
Accumulated other comprehensive income (loss) (2,433) (2,866)
Retained earnings 5,474 5,204
Total Huntington shareholders’ equity 20,434 19,740
Non-controlling interest 52 42
Total equity 20,486 19,782
Total liabilities and equity $ 209,596 $ 204,230
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,456,811,621 1,453,635,809
Treasury shares outstanding (in shares) 7,164,203 6,984,102
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 877,500 877,500
[1] Includes VIE balances in net loans and leases, other assets, long-term debt, and other liabilities of $998 million, $260 million, $911 million, and $98 million, respectively, at March 31, 2025, and $1.1 billion, $264 million, $1.0 billion, $109 million, respectively, at December 31, 2024. See Note 14 - “Variable Interest Entities” for additional information.