Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 81

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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 14,272 9 Total deposits$165,337 100 %$162,448 100 %Total deposits (insured/uninsured):Insured deposits$116,980 71 %$112,394 69 %Uninsured deposits (1)48,357 29 50,054 31 Total deposits$165,337 100 %$162,448 100 %

(1)Represents consolidated Huntington uninsured deposits, determined by adjusting the amounts reported in the Bank Call Report (FFIEC 031) by inter-company deposits, which are not customer deposits and are therefore eliminated through consolidation. As of March 31, 2025, the Bank Call Report estimated uninsured deposit balance was $52.6 billion, which includes $4.2 billion of inter-company deposits. As of December 31, 2024, the Bank Call Report estimated uninsured deposit balance was $54.6 billion, which includes $4.5 billion of inter-company deposits. 

Wholesale Funding

Sources of wholesale funding include non-customer brokered deposits, short-term borrowings, and long-term debt. Our wholesale funding totaled $26.0 billion at March 31, 2025, an increase of $2.4 billion compared to $23.6 billion at December 31, 2024. The increase from year end was primarily due to a $1.7 billion increase in long-term debt resulting from the issuance of $1.5 billion of senior bank notes and a $415 million CLN transaction completed during the 2025 first quarter.

2025 1Q Form 10-Q     23

Cash and Cash Equivalents and Investment Securities

Cash and cash equivalents were $15.3 billion and $12.8 billion at March 31, 2025 and December 31, 2024, respectively. The $2.5 billion increase in cash and cash equivalents was primarily due to an increase in interest-earning deposits held at the FRB to support short-term liquidity.

Our investment securities portfolio is evaluated under established ALCO objectives. Changing market conditions could affect the profitability of the portfolio, as well as the level of interest rate risk exposure.

Total investment securities were $44.6 billion at March 31, 2025, compared to $43.7 billion at December 31, 2024. The $937 million increase in investment securities, compared to December 31, 2024, was primarily due to