Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and fee income:        
Loans and leases $ 1,906 $ 1,764 $ 5,574 $ 5,022
Available-for-sale securities        
Taxable 331 259 949 743
Tax-exempt 27 29 81 78
Held-to-maturity securities—taxable 93 99 281 303
Other securities—taxable 11 19 30 40
Other 187 143 496 380
Total interest income 2,555 2,313 7,411 6,566
Interest expense:        
Deposits 945 713 2,709 1,689
Short-term borrowings 14 17 52 151
Long-term debt 245 215 700 603
Total interest expense 1,204 945 3,461 2,443
Net interest income 1,351 1,368 3,950 4,123
Provision for credit losses 106 99 313 276
Net interest income after provision for credit losses 1,245 1,269 3,637 3,847
Payments and cash management revenue 158 152 458 435
Wealth and asset management revenue 93 79 271 242
Customer deposit and loan fees 86 80 246 232
Capital markets and advisory fees 78 52 207 179
Leasing revenue 19 32 60 83
Mortgage banking income 38 27 99 86
Insurance income 18 18 55 55
Bank owned life insurance income 20 18 53 50
Gain on sale of loans 7 2 14 13
Net gains (losses) on sales of securities 0 0 0 (4)
Other noninterest income 6 49 18 145
Total noninterest income 523 509 1,481 1,516
Personnel costs 684 622 1,986 1,884
Outside data processing and other services 167 149 498 448
Deposit and other insurance expense 15 25 94 68
Equipment 65 65 197 193
Net occupancy 57 67 165 181
Marketing 33 29 88 86
Professional services 21 27 72 64
Amortization of intangibles 11 12 35 38
Lease financing equipment depreciation 4 6 12 22
Other noninterest expense 73 88 237 242
Total noninterest expense 1,130 1,090 3,384 3,226
Income before income taxes 638 688 1,734 2,137
Provision for income taxes 116 136 308 414
Income after income taxes 522 552 1,426 1,723
Income attributable to non-controlling interest 5 5 16 15
Net income attributable to Huntington 517 547 1,410 1,708
Dividends on preferred shares 36 37 107 106
Net income available to common shareholders, basic $ 481 $ 510 $ 1,303 $ 1,602
Average common shares—basic (in shares) 1,452,682 1,447,993 1,450,794 1,445,878
Average common shares—diluted (in shares) 1,476,982 1,467,611 1,474,859 1,467,537
Per common share:        
Net income—basic (in usd per share) $ 0.33 $ 0.35 $ 0.90 $ 1.11
Net income—diluted (in usd per share) $ 0.33 $ 0.35 $ 0.88 $ 1.09