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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,189 $ 1,558
Interest-earning deposits with banks 11,216 8,765
Trading account securities 167 125
Available-for-sale securities 26,801 25,305
Held-to-maturity securities 15,416 15,750
Other securities 727 725
Loans held for sale [1] 490 516
Loans and leases [1] 122,767 121,982
Allowance for loan and lease losses (2,280) (2,255)
Net loans and leases 120,487 [2] 119,727
Bank owned life insurance 2,767 2,759
Accrued income and other receivables 1,616 1,646
Premises and equipment 1,095 1,109
Goodwill 5,561 5,561
Servicing rights and other intangible assets 677 672
Other assets [2] 5,310 5,150
Total assets 193,519 189,368
Liabilities    
Demand deposits—noninterest-bearing 29,739 30,967
Interest-bearing 123,486 120,263
Total deposits 153,225 151,230
Short-term borrowings 182 620
Long-term debt 14,894 [2] 12,394
Other liabilities [2] 5,845 5,726
Total liabilities 174,146 169,970
Commitments and Contingent Liabilities (Note 15)
Shareholders’ Equity    
Preferred stock 2,394 2,394
Common stock 15 15
Capital surplus 15,407 15,389
Less treasury shares, at cost (91) (91)
Accumulated other comprehensive income (loss) (2,879) (2,676)
Retained earnings 4,476 4,322
Total Huntington shareholders’ equity 19,322 19,353
Non-controlling interest 51 45
Total equity 19,373 19,398
Total liabilities and equity $ 193,519 $ 189,368
Common shares authorized (in shares) 2,250,000,000 2,250,000,000
Common share outstanding (in shares) 1,449,254,147 1,448,319,953
Treasury shares outstanding (in shares) 7,413,634 7,403,008
Preferred stock, authorized shares (in shares) 6,617,808 6,617,808
Preferred shares outstanding (in shares) 881,587 881,587
[1] Amounts represent loans for which Huntington has elected the fair value option. See Note 12 - “Fair Values of Assets and Liabilities”.
[2] Includes VIE balances in net loans and leases and long-term debt of $1.5 billion and $1.4 billion, respectively, at March 31, 2024, and VIE balances in other assets of $136 million and $82 million, and other liabilities of $55 million and $57 million, at March 31, 2024 and December 31, 2023, respectively. See Note 14 - “Variable Interest Entities” for additional information.

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