Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,558 $ 1,796
Interest-earning deposits with banks 8,765 5,122
Trading account securities 125 19
Available-for-sale securities 25,305 23,423
Held-to-maturity securities 15,750 17,052
Other securities 725 854
Loans held for sale (includes $506 and $520 respectively, measured at fair value)(1) [1] 516 529
Loans and leases (includes $174 and $185 respectively, measured at fair value)(1) [1] 121,982 119,523
Allowance for loan and lease losses (2,255) (2,121)
Net loans and leases 119,727 117,402
Bank owned life insurance 2,759 2,753
Accrued income and other receivables 1,646 1,573
Premises and equipment 1,109 1,156
Goodwill 5,561 5,571
Servicing rights and other intangible assets 672 712
Other assets 5,150 4,944
Total assets 189,368 182,906
Deposits:    
Demand deposits—noninterest-bearing 30,967 38,242
Interest-bearing 120,263 109,672
Total deposits 151,230 147,914
Short-term borrowings 620 2,027
Long-term debt 12,394 9,686
Other liabilities 5,726 5,510
Total liabilities 169,970 165,137
Commitments and Contingent Liabilities (Note 22)  
Shareholders’ equity    
Preferred stock 2,394 2,167
Common stock 15 14
Capital surplus 15,389 15,309
Less treasury shares, at cost (91) (80)
Accumulated other comprehensive income (loss) (2,676) (3,098)
Retained earnings 4,322 3,419
Total Huntington Bancshares Inc shareholders’ equity 19,353 17,731
Non-controlling interest 45 38
Total equity 19,398 17,769
Total liabilities and shareholders’ equity $ 189,368 $ 182,906
Common shares authorized (par value of $0.01) (in shares) 2,250,000,000 2,250,000,000
Common shares outstanding (in shares) 1,448,319,953 1,443,068,036
Treasury shares outstanding (in shares) 7,403,008 6,322,052
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 881,587 557,500
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 19 - “Fair Values of Assets and Liabilities.”