Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 1,793 $ 1,811
Interest-bearing deposits at Federal Reserve Bank 2,115 3,711
Interest-bearing deposits in banks 196 392
Trading account securities 34 46
Available-for-sale securities 24,377 28,460
Held-to-maturity securities 17,355 12,447
Other securities 763 648
Loans held for sale (includes $835 and $1,270 respectively, measured at fair value) [1] 969 1,676
Loans and leases (includes $175 and $171 respectively, measured at fair value) [1] 116,221 111,267
Allowance for loan and lease losses (2,074) (2,030)
Net loans and leases 114,147 109,237
Bank owned life insurance 2,766 2,765
Accrued income and other receivables 2,169 1,319
Premises and equipment 1,175 1,164
Goodwill 5,571 5,349
Servicing rights and other intangible assets 703 611
Other assets 4,649 4,428
Total assets 178,782 174,064
Liabilities    
Demand deposits—noninterest-bearing 42,131 43,236
Interest-bearing 103,304 100,027
Total deposits 145,435 143,263
Short-term borrowings 3,048 334
Long-term debt 7,866 7,108
Other liabilities 4,454 4,041
Total liabilities 160,803 154,746
Commitments and Contingent Liabilities (Note 16)
Shareholders’ equity    
Preferred stock 2,167 2,167
Common stock 14 14
Capital surplus 15,261 15,222
Less treasury shares, at cost (85) (79)
Accumulated other comprehensive income (loss) (2,098) (229)
Retained earnings 2,691 2,202
Total Huntington Bancshares Inc shareholders’ equity 17,950 19,297
Non-controlling interest 29 21
Total equity 17,979 19,318
Total liabilities and shareholders’ equity $ 178,782 $ 174,064
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,442,194,344 1,437,742,172
Treasury shares outstanding (in shares) 6,691,381 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 13 “Fair Values of Assets and Liabilities”.