Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 1,796 $ 1,811
Interest-bearing deposits at Federal Reserve Bank 4,908 3,711
Interest-bearing deposits in banks 214 392
Trading account securities 19 46
Available-for-sale securities 23,423 28,460
Held-to-maturity securities 17,052 12,447
Other securities 854 648
Loans held for sale (includes $520 and $1,270 respectively, measured at fair value)(1) [1] 529 1,676
Loans and leases (includes $185 and $171 respectively, measured at fair value)(1) [1] 119,523 111,267
Allowance for loan and lease losses (2,121) (2,030)
Net loans and leases 117,402 109,237
Bank owned life insurance 2,753 2,765
Accrued income and other receivables 1,573 1,319
Premises and equipment 1,156 1,164
Goodwill 5,571 5,349
Servicing rights and other intangible assets 712 611
Other assets 4,944 4,428
Total assets 182,906 174,064
Deposits:    
Demand deposits—noninterest-bearing 38,242 43,236
Interest-bearing 109,672 100,027
Total deposits 147,914 143,263
Short-term borrowings 2,027 334
Long-term debt 9,686 7,108
Other liabilities 5,510 4,041
Total liabilities 165,137 154,746
Commitments and Contingent Liabilities (Note 22)  
Shareholders’ equity    
Preferred stock 2,167 2,167
Common stock 14 14
Capital surplus 15,309 15,222
Less treasury shares, at cost (80) (79)
Accumulated other comprehensive (loss) gain (3,098) (229)
Retained earnings 3,419 2,202
Total Huntington Bancshares Inc shareholders’ equity 17,731 19,297
Non-controlling interest 38 21
Total equity 17,769 19,318
Total liabilities and shareholders’ equity $ 182,906 $ 174,064
Common shares authorized (par value of $0.01) (in shares) 2,250,000,000 2,250,000,000
Common shares outstanding (in shares) 1,443,068,036 1,437,742,172
Treasury shares outstanding (in shares) 6,322,052 6,298,288
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 557,500 557,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 19 “Fair Values of Assets and Liabilities.”