EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2025

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, 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 following table shows the calculation of basic and diluted earnings per share.


	Three Months Ended				Nine Months Ended
(dollar amounts in millions, except per share data, share count in thousands)	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Basic earnings per common share:
Net income attributable to Huntington	$	629	$	517	$	1,692	$	1,410
Dividends on preferred shares	27		36		81		107

Net income available to common shareholders	$	602	$	481	$	1,611	$	1,303
Average common shares issued and outstanding	1,459,129		1,452,682		1,456,979		1,450,794
Basic earnings per common share	$	0.41	$	0.33	$	1.11	$	0.90
Diluted earnings per common share:




Average dilutive potential common shares:
Stock options, restricted stock units, and performance share units	18,491		17,061		18,662		16,622
Shares held in deferred compensation plans	6,967		7,239		7,036		7,443


Average dilutive potential common shares	25,458		24,300		25,698		24,065
Total diluted average common shares issued and outstanding	1,484,587		1,476,982		1,482,677		1,474,859
Diluted earnings per common share	$	0.41	$	0.33	$	1.09	$	0.88
Anti-dilutive awards (1)	230		4,253		1,693		7,002

(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.