Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Basic and diluted earnings per share
The calculation of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2023 and 2022 was as follows:
Three months ended September 30, Nine months ended September 30,
(dollar amounts in millions, except per share data, share count in thousands) 2023 2022 2023 2022
Basic earnings per common share:
Net income attributable to Huntington $ 547  $ 594  $ 1,708  $ 1,593 
Preferred stock dividends 37  29  106  85 
Net income available to common shareholders $ 510  $ 565  $ 1,602  $ 1,508 
Average common shares issued and outstanding 1,447,993  1,442,591  1,445,878  1,440,740 
Basic earnings per common share $ 0.35  $ 0.39  $ 1.11  $ 1.05 
Diluted earnings per common share:
Average dilutive potential common shares:
Stock options and restricted stock units and awards 12,183  16,064  14,670  17,078 
Shares held in deferred compensation plans 7,435  6,428  6,989  6,416 
Average dilutive potential common shares 19,618  22,492  21,659  23,494 
Total diluted average common shares issued and outstanding 1,467,611  1,465,083  1,467,537  1,464,234 
Diluted earnings per common share $ 0.35  $ 0.39  $ 1.09  $ 1.03 
Anti-dilutive awards (1) 11,736  7,121  11,188  5,565 
(1)Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.