Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and fee income:        
Loans and leases $ 1,679 $ 1,078 $ 3,258 $ 2,082
Available-for-sale securities        
Taxable 252 123 484 213
Tax-exempt 26 15 49 32
Held-to-maturity securities—taxable 102 90 204 156
Other securities—taxable 11 6 21 11
Other 155 19 237 32
Total interest income 2,225 1,331 4,253 2,526
Interest expense:        
Deposits 570 25 976 36
Short-term borrowings 74 7 134 14
Long-term debt 235 38 388 69
Total interest expense 879 70 1,498 119
Net interest income 1,346 1,261 2,755 2,407
Provision for credit losses 92 67 177 92
Net interest income after provision for credit losses 1,254 1,194 2,578 2,315
Service charges on deposit accounts 87 105 170 202
Card and payment processing income 102 96 195 182
Capital markets fees 57 54 116 96
Trust and investment management services 68 63 130 128
Mortgage banking income 33 44 59 93
Leasing revenue 25 27 51 62
Insurance income 30 27 64 58
Gain on sale of loans 8 12 11 40
Bank owned life insurance income 16 11 32 28
Net (losses) gains on sales of securities (5) 0 (4) 0
Other noninterest income 74 46 183 95
Total noninterest income 495 485 1,007 984
Personnel costs 613 577 1,262 1,157
Outside data processing and other services 148 153 299 318
Equipment 64 61 128 142
Net occupancy 54 58 114 122
Marketing 32 24 57 45
Professional services 21 19 37 38
Deposit and other insurance expense 23 20 26 27
Amortization of intangibles 13 13 43 38
Lease financing equipment depreciation 8 11 16 25
Other noninterest expense 74 82 154 159
Total noninterest expense 1,050 1,018 2,136 2,071
Income before income taxes 699 661 1,449 1,228
Provision for income taxes 134 120 278 225
Income after income taxes 565 541 1,171 1,003
Income attributable to non-controlling interest 6 2 10 4
Net income attributable to Huntington 559 539 1,161 999
Dividends on preferred shares 40 28 69 56
Net income available to common shareholders, basic $ 519 $ 511 $ 1,092 $ 943
Average common shares—basic (in shares) 1,446,372 1,441,200 1,444,820 1,439,814
Average common shares—diluted (in shares) 1,465,720 1,463,293 1,467,500 1,463,810
Per common share:        
Net income—basic (in usd per share) $ 0.36 $ 0.35 $ 0.76 $ 0.65
Net income—diluted (in usd per share) $ 0.35 $ 0.35 $ 0.74 $ 0.64