Huntington Bancshares Incorporated Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

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, 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 following table shows the calculation of basic and diluted earnings per share.


	Three Months Ended
(dollar amounts in millions, except per share data, share count in thousands)	March 31, 2025		March 31, 2024
Basic earnings per common share:
Net income attributable to Huntington	$	527	$	419
Dividends on preferred shares	27		36

Net income available to common shareholders	$	500	$	383
Average common shares issued and outstanding	1,454,498		1,448,492
Basic earnings per common share	$	0.34	$	0.26
Diluted earnings per common share:




Average dilutive potential common shares:
Stock options, restricted stock units, and performance share units	20,340		17,396
Shares held in deferred compensation plans	7,041		7,447


Average dilutive potential common shares	27,381		24,843
Total diluted average common shares issued and outstanding	1,481,879		1,473,335
Diluted earnings per common share	$	0.34	$	0.26
Anti-dilutive awards (1)	3,486		9,794

(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.