TitledAccountsPDF

Three Months Ended Nine Months Ended
(amounts in millions, except per share data)
September 30, 2024
September 30, 2023
Change September 30, 2024
September 30, 2023
Change Amount Percent Amount Percent

Interest income $ 2,555 $ 2,313 $ 242 10 % $ 7,411 $ 6,566 $ 845 13 %
Interest expense 1,204 945 259 27 3,461 2,443 1,018 42
Net interest income 1,351 1,368 (17) (1) 3,950 4,123 (173) (4)
Provision for credit losses 106 99 7 7 313 276 37 13
Net interest income after provision for credit losses 1,245 1,269 (24) (2) 3,637 3,847 (210) (5)
Noninterest income 523 509 14 3 1,481 1,516 (35) (2)
Noninterest expense 1,130 1,090 40 4 3,384 3,226 158 5
Income before income taxes 638 688 (50) (7) 1,734 2,137 (403) (19)
Provision for income taxes 116 136 (20) (15) 308 414 (106) (26)
Income after income taxes 522 552 (30) (5) 1,426 1,723 (297) (17)
Income attributable to non-controlling interest 5 5 — — 16 15 1 7
Net income attributable to Huntington 517 547 (30) (5) 1,410 1,708 (298) (17)
Dividends on preferred shares 36 37 (1) (3) 107 106 1 1
Net income applicable to common shares $ 481 $ 510 $ (29) (6) % $ 1,303 $ 1,602 $ (299) (19) %
Average common shares—basic 1,453 1,448 5 — % 1,451 1,446 5 — %
Average common shares—diluted 1,477 1,468 9 1 1,475 1,468 7 —
Net income per common share—basic $ 0.33 $ 0.35 $ (0.02) (6) $ 0.90 $ 1.11 $ (0.21) (19)
Net income per common share—diluted 0.33 0.35 (0.02) (6) 0.88 1.09 (0.21) (19)
Return on average total assets 1.04 % 1.16 % 0.97 % 1.22 %
Return on average common shareholders’ equity 10.8 12.4 10.2 13.2
Return on average tangible common shareholders’ equity (1) 16.2 19.5 15.5 20.8
Net interest margin (2) 2.98 3.20 3.00 3.24
Efficiency ratio
Revenue and Net Interest Income—FTE (non GAAP) (3) 59.4 57.0 61.2 56.2
Net interest income $ 1,351 $ 1,368 $ (17) (1) % $ 3,950 $ 4,123 $ (173) (4) %

FTE adjustment (2) 13 11 2 18 39 31 8 26
Net interest income, FTE (non-GAAP) (2) 1,364 1,379 (15) (1) 3,989 4,154 (165) (4)
Noninterest income 523 509 14 3 1,481 1,516 (35) (2)
Total revenue, FTE (non-GAAP) (2) $ 1,887 $ 1,888 $ (1) — % $ 5,470 $ 5,670 $ (200) (4) %