HUNTINGTON BANCSHARES INC /MD/

Listed Company

HBANCIK 0000049196NasdaqLarge AcceleratedNational Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$2.21B

Total Assets

$225.11B

Equity

$24.34B

Shares Out

2.03B

Op. Cash Flow

$2.48B

+ 13F Filer

Business

HUNTINGTON BANCSHARES INC /MD/ is a bank holding company that provides a range of banking and financial services through its consolidated subsidiaries and qualifies as a financial holding company. It offers retail and commercial banking products and services including deposit accounts, consumer and commercial loans, payment and debit card services, treasury and cash management, wealth management, broker‑dealer and investment advisory services, and certain insurance and capital markets activities. Its principal operating entities include Huntington National Bank and various non‑bank broker‑dealers and investment adviser subsidiaries. Huntington distributes products through a regional branch network, digital and mobile channels, and institutional and broker‑dealer platforms across multiple U.S. markets.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans and leases	8,092	7,481	6,811	4,816	3,636
Taxable	1,023	1,251	1,016	576	261
Tax-exempt	132	112	104	74	56
Held-to-maturity securities-taxable	423	385	401	351	174
Other securities-taxable	47	42	53	27	10
Other	593	650	531	125	54
Total interest income	10,310	9,921	8,916	5,969	4,191
Deposits	3,282	3,572	2,497	363	45
Short-term borrowings	50	69	179	46	1
Long-term debt	987	935	801	287	43
Total interest expense	4,319	4,576	3,477	696	—
Net interest income	5,991	5,345	5,439	5,273	4,102
Provision for credit losses	463	420	402	289	25
Net interest income after provision for credit losses	5,528	4,925	5,037	4,984	4,077
Noninterest income	2,175	2,040	1,921	1,981	1,889
Personnel costs	2,995	2,701	2,529	2,401	2,335
Outside data processing and other services	772	665	605	610	850
Equipment	268	267	263	269	248
Net occupancy	232	221	246	246	277
Professional services	155	99	99	77	113
Marketing	127	116	115	—	—
Deposit and other insurance expense	65	114	302	67	51
Amortization of intangibles	46	47	50	53	48
Lease financing equipment depreciation	13	15	27	45	41
Other noninterest expense	342	317	338	342	323
Total noninterest expense	5,015	4,562	4,574	4,201	4,375
Income before income taxes	2,688	2,403	2,384	2,764	1,591
Provision for income taxes	459	443	413	515	294
Income after income taxes	2,229	1,960	1,971	2,249	1,297
Income attributable to non-controlling interest	18	20	20	11	2
Net income attributable to Huntington	2,211	1,940	1,951	2,238	1,295
Dividends on preferred shares	124	134	142	113	131
Impact of preferred stock redemptions and repurchases	0	5	−8	0	11
Net income applicable to common shares	2,087	1,801	1,817	2,125	1,153
Average common sharesbasic (in shares)	1,479	1,451	1,446	1,441	1,262
Average common sharesdiluted (in shares)	1,505	1,476	1,468	1,465	1,287
Net incomebasic (in USD per share)	1.41	1.24	1.26	1.47	0.91
Net incomediluted (in USD per share)	1.39	1.22	1.24	1.45	0.9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	1,783	1,685	1,558	1,796	1,811
Interest-earning deposits with banks	12,295	11,647	8,765	5,122	392
Trading account securities	63	53	125	19	46
Available-for-sale securities	26,132	27,273	25,305	—	—
Held-to-maturity securities	15,258	16,368	15,750	—	—
Other securities	994	823	725	854	648
Loans held for sale (includes $885 and $652, respectively, measured at fair value)	1,415	654	516	529	1,676
Loans and leases (includes $167 and $173, respectively, measured at fair value)	149,642	130,042	121,982	119,523	111,267
Allowance for loan and lease losses	−2,537	−2,244	−2,255	−2,121	−2,030
Net loans and leases	147,105	127,798	119,727	117,402	109,237
Bank owned life insurance	2,902	2,793	2,759	2,753	2,765
Accrued income and other receivables	2,621	2,190	1,646	1,573	1,319
Premises and equipment	1,321	1,066	1,109	1,156	1,164
Goodwill	5,997	5,561	5,561	5,571	5,349
Servicing rights and other intangible assets	752	677	672	712	611
Other assets	6,468	5,642	5,150	4,944	4,428
Total assets	225,106	204,230	189,368	182,906	174,064
Demand depositsnoninterest-bearing	32,205	29,345	30,967	38,242	43,236
Interest-bearing	144,405	133,103	120,263	109,672	100,027
Total deposits	176,610	162,448	151,230	147,914	143,263
Short-term borrowings	1,261	199	620	2,027	334
Long-term debt	17,221	16,374	12,394	9,686	7,108
Dividends payable, accrued expenses, and other liabilities	5,635	5,427	5,726	5,510	4,041
Total liabilities	200,727	184,448	169,970	165,137	154,746
Commitments and Contingent Liabilities (Note 22)	—	—	—	—	—
Preferred stock	2,731	1,989	2,394	2,167	2,167
Common stock	16	15	15	14	14
Capital surplus	17,244	15,484	15,389	15,309	15,222
Less treasury shares, at cost	−92	−86	−91	−80	−79
Accumulated other comprehensive income (loss)	−1,908	−2,866	−2,676	−3,098	−229
Retained earnings	6,351	5,204	4,322	3,419	2,202
Total Huntington shareholders equity	24,342	19,740	19,353	17,731	19,297
Non-controlling interest	37	42	45	38	21
Total equity	24,379	19,782	19,398	17,769	19,318
Total liabilities and equity	225,106	204,230	189,368	182,906	174,064
Common shares authorized (par value of $0.01) (in shares)	2,250	2,250	2,250	2,250	2,250
Common shares outstanding (in shares)	1,568	1,454	1,448	1,443	1,438
Common shares issued (in shares)	1,568	1,454	—	—	—
Treasury shares outstanding (in shares)	7	7	7	6	6
Preferred stock, authorized shares (in shares)	7	7	7	7	7
Preferred shares outstanding (in shares)	885,000	877,500	881,587	557,500	557,500

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization, and accretion	762	622	798	—	—
Share-based compensation expense	113	106	97	105	129
Deferred income tax benefit	−403	−26	−302	319	−76
Net losses (gains) on sales of securities	58	0	0	—	—
Gain from early extinguishment of debt	−11	−8	0	—	—
Trading account securities	−10	72	−106	27	16
Loans held for sale	−170	−227	−83	675	−56
Other assets	−825	−761	−491	−1,156	366
Short-term borrowings	117	21	0	—	—
Other liabilities	230	−344	341	—	—
Other, net	71	−1	−30	—	—
Net cash provided by operating activities	2,482	1,836	2,657	4,027	2,062
Change in interest-earning deposits with banks	297	−254	23	332	716
Maturities and calls of available-for-sale securities	7,137	11,001	2,689	4,053	7,275
Maturities and calls of held-to-maturity securities	1,642	1,397	1,523	2,803	4,151
Maturities and calls of other securities	109	57	615	832	0
Sales of available-for-sale securities	1,691	990	767	0	5,892
Sales of other securities	0	0	144	41	98
Purchases of available-for-sale securities	−5,325	−14,043	−4,965	−7,107	−19,936
Purchases of held-to-maturity securities	−515	−2,037	−256	−3,229	−4,777
Purchases of other securities	−211	−155	−630	−1,080	−126
Net proceeds from sales of loans and leases	457	391	450	995	517
Principal payments received under direct finance leases	1,856	1,769	1,891	1,882	1,055
Net loan and lease activity, excluding sales and purchases	−12,850	−10,025	−5,108	−10,169	3,303
Purchases of premises and equipment	−267	−143	−140	−214	−247
Purchases of loans and leases	−981	−680	−71	—	—
Net accrued income and other receivables activity	−332	−474	−17	−66	−653
Net cash and cash equivalents received from business combinations	864	0	0	—	466
Other, net	81	87	88	151	119
Net cash used in investing activities	−6,347	−12,119	−2,997	−11,609	−3,962
Increase in deposits	3,646	11,218	3,316	4,651	6,501
Increase (decrease) in short-term borrowings	785	−803	−1,295	2,161	−1,245
Net proceeds from issuance of long-term debt	2,500	7,661	14,965	11,004	775
Repayment of long-term debt	−2,053	−3,563	−12,376	−8,017	−3,404
Dividends paid on preferred stock	−108	−143	−134	−113	−138
Dividends paid on common stock	−908	−903	−900	−897	−750
Repurchase/redemption of preferred stock	0	−410	−82	0	−700
Net proceeds from issuance of preferred stock	741	0	317	0	486
Other, net	−90	−56	−46	−25	−48
Net cash provided by financing activities	4,513	13,001	3,765	8,764	827
Increase in cash and cash equivalents	648	2,718	3,425	1,182	−1,073
Interest paid	4,267	4,547	3,359	627	185
Income taxes paid	274	123	90	−109	269
Loans transferred to held-for-sale from portfolio	988	390	439	748	872
Loans transferred to portfolio from held-for-sale	23	34	22	126	102

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 1 positions

Reported AUM

$203.0K

Holdings

Top sector

$203.0K

Top sectors

Sector	Value	% of portfolio
Uncategorized	$203.0K	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
LOVESAC COMPANY	—	3.7K	$203.0K	100.0%