EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

Basic earnings per share is the amount of earnings (adjusted for preferred stock dividends and the impact of preferred stock repurchases and redemptions) available to each share of common stock outstanding during the reporting period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options, restricted stock units and awards, performance share units, and shares held in deferred compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.

The calculation of basic and diluted earnings per share is as follows.


	Year Ended December 31,
(dollar amounts in millions, except per share data, share count in thousands)	2024		2023		2022
Basic earnings per common share:
Net income attributable to Huntington	$	1,940	$	1,951	$	2,238
Dividends on preferred shares	134		142		113
Impact of preferred stock redemptions and repurchases	5		(8)		—
Net income available to common shareholders	$	1,801	$	1,817	$	2,125
Average common shares issued and outstanding	1,451,421		1,446,449		1,441,279
Basic earnings per common share	$	1.24	$	1.26	$	1.47
Diluted earnings per common share:





Average dilutive potential common shares:
Stock options, restricted stock units and awards, and performance share units	17,669		14,456		17,534
Shares held in deferred compensation plans	7,352		7,111		6,407


Average dilutive potential common shares	25,021		21,567		23,941
Total diluted average common shares issued and outstanding	1,476,442		1,468,016		1,465,220


Diluted earnings per common share	$	1.22	$	1.24	$	1.45

Anti-dilutive awards (1)	4,534		11,039		5,303

(1)Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.