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PARENT-ONLY FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
PARENT-ONLY FINANCIAL STATEMENTS PARENT-ONLY FINANCIAL STATEMENTS
The parent-only financial statements, which include transactions with subsidiaries, are as follows:
Balance Sheets
December 31,
(dollar amounts in millions)20212020
Assets
Cash and due from banks
$2,832 $4,466 
Due from The Huntington National Bank
297 297 
Due from non-bank subsidiaries
35 37 
Investment in The Huntington National Bank
19,297 12,509 
Investment in non-bank subsidiaries
217 147 
Accrued interest receivable and other assets
544 429 
Total assets
$23,222 $17,885 
Liabilities and shareholders’ equity
Long-term borrowings
$3,111 $4,142 
Dividends payable, accrued expenses, and other liabilities
815 750 
Total liabilities
3,926 4,892 
Shareholders’ equity (1)
19,296 12,993 
Total liabilities and shareholders’ equity
$23,222 $17,885 
(1)See Consolidated Statements of Changes in Shareholders’ Equity.
Statements of IncomeYear Ended December 31,
(dollar amounts in millions)202120202019
Income
Dividends from:
The Huntington National Bank$1,394 $1,527 $685 
Non-bank subsidiaries19 36 3 
Interest from:
The Huntington National Bank3 4 8 
Non-bank subsidiaries1 1 2 
Other— 11 2 
Total income1,417 1,579 700 
Expense
Personnel costs6 17 6 
Interest on borrowings60 115 143 
Other230 123 145 
Total expense296 255 294 
Income before income taxes and equity in undistributed net income of subsidiaries1,121 1,324 406 
Provision (benefit) for income taxes(56)(46)(63)
Income before equity in undistributed net income of subsidiaries1,177 1,370 469 
Increase (decrease) in undistributed net income (loss) of:
The Huntington National Bank97 (547)908 
Non-bank subsidiaries21 (6)34 
Net income$1,295 $817 $1,411 
Other comprehensive income (loss) (1)(421)448 353 
Comprehensive income$874 $1,265 $1,764 
(1)See Consolidated Statements of Comprehensive Income for other comprehensive income (loss) detail.
Statements of Cash FlowsYear Ended December 31,
(dollar amounts in millions)202120202019
Operating activities
Net income$1,295 $817 $1,411 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries(118)553 (942)
Depreciation and amortization23 — (2)
Other, net(217)89 (19)
Net cash (used for) provided by operating activities983 1,459 448 
Investing activities
Repayments from subsidiaries8 8 701 
Advances to subsidiaries(59)(256)(11)
(Purchases)/Proceeds from sale of securities(28)(1)(38)
Net cash received from business combination248 — — 
Net cash (used for) provided by investing activities169 (249)652 
Financing activities
Net proceeds from issuance of medium-term notes513 747 797 
Payment of long-term debt(1,508)(800)— 
Dividends paid on common and preferred stock(888)(698)(671)
Repurchases of common stock(650)(92)(441)
Net proceeds from issuance of preferred stock486 988 — 
Payment to repurchase preferred stock(700)— — 
Other, net(39)(8)(18)
Net cash provided by (used for) financing activities(2,786)137 (333)
Increase (decrease) in cash and cash equivalents(1,634)1,347 767 
Cash and cash equivalents at beginning of year4,466 3,119 2,352 
Cash and cash equivalents at end of year$2,832 $4,466 $3,119 
Supplemental disclosure:
Interest paid$71 $113 $135