Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 1,029 $ 1,045
Interest-bearing deposits at Federal Reserve Bank 5,246 125
Interest-bearing deposits in banks 109 102
Trading account securities 54 99
Available-for-sale securities 14,807 14,149
Held-to-maturity securities 8,557 9,070
Other securities 421 441
Loans held for sale (includes $1,118 and $781 respectively, measured at fair value) [1] 1,303 877
Loans and leases (includes $92 and $81 respectively, measured at fair value) [1] 81,156 75,404
Allowance for loan and lease losses (1,796) (783)
Net loans and leases 79,360 74,621
Bank owned life insurance 2,567 2,542
Premises and equipment 752 763
Goodwill 1,990 1,990
Servicing rights and other intangible assets 419 475
Other assets 3,502 2,703
Total assets 120,116 109,002
Liabilities    
Deposits 95,154 82,347
Short-term borrowings 222 2,606
Long-term debt 9,174 9,849
Other liabilities 2,649 2,405
Total liabilities 107,199 97,207
Commitments and contingencies (Note 15)
Shareholders’ equity    
Preferred stock 2,191 1,203
Common stock 10 10
Capital surplus 8,766 8,806
Less treasury shares, at cost (59) (56)
Accumulated other comprehensive gain (loss) 257 (256)
Retained earnings 1,752 2,088
Total shareholders’ equity 12,917 11,795
Total liabilities and shareholders’ equity $ 120,116 $ 109,002
Common shares authorized (par value of $0.01) (in shares) 1,500,000,000 1,500,000,000
Common shares outstanding (in shares) 1,017,310,599 1,020,003,482
Treasury shares outstanding (in shares) 5,066,072 4,537,605
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 750,500 740,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 12 “Fair Values of Assets and Liabilities”.