Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,602 $ 1,796
Interest-bearing deposits at Federal Reserve Bank 9,833 4,908
Interest-bearing deposits in banks 258 214
Trading account securities 121 19
Available-for-sale securities 21,863 23,423
Held-to-maturity securities 16,148 17,052
Other securities 718 854
Loans held for sale (includes $758 and $1,270 respectively, measured at fair value) [1] 603 529
Loans and leases (includes $182 and $171 respectively, measured at fair value) [1] 120,853 119,523
Allowance for loan and lease losses (2,208) (2,121)
Net loans and leases 118,645 117,402
Bank owned life insurance 2,757 2,753
Accrued income and other receivables 1,496 1,573
Premises and equipment 1,096 1,156
Goodwill 5,561 5,571
Servicing rights and other intangible assets 718 712
Other assets 5,231 4,944
Total assets 186,650 182,906
Liabilities    
Demand deposits—noninterest-bearing 31,666 38,242
Interest-bearing 117,201 109,672
Total deposits 148,867 147,914
Short-term borrowings 681 2,027
Long-term debt 12,822 9,686
Other liabilities 5,750 5,510
Total liabilities 168,120 165,137
Commitments and Contingent Liabilities (Note 15)
Shareholders’ Equity    
Preferred stock 2,484 2,167
Common stock 15 14
Capital surplus 15,363 15,309
Less treasury shares, at cost (91) (80)
Accumulated other comprehensive income (loss) (3,622) (3,098)
Retained earnings 4,334 3,419
Total Huntington shareholders’ equity 18,483 17,731
Non-controlling interest 47 38
Total equity 18,530 17,769
Total liabilities and equity $ 186,650 $ 182,906
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,448,075,093 1,443,068,036
Treasury shares outstanding (in shares) 7,391,874 6,322,052
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 882,500 557,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 12 “Fair Values of Assets and Liabilities”.