Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 26

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 26
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 being hedged under the portfolio layer method are primarily Residential CMO and Residential MBS securities.

2024 Form 10-K     109

Table of Contents

Unrealized(dollar amounts in millions)AmortizedCost (1)(2)GrossGainsGrossLossesFair ValueAt December 31, 2023Available-for-sale securities:U.S. Treasury$2,855 $1 $— $2,856 Federal agencies:Residential MBS13,155 3 (1,776)11,382 Residential CMO3,592 — (408)3,184 Commercial MBS2,536 — (709)1,827 Other agencies161 — (6)155 Total U.S. Treasury, federal agency, and other agency securities22,299 4 (2,899)19,404 Municipal securities3,536 2 (165)3,373 Corporate debt2,202 79 (238)2,043 Asset-backed securities387 — (31)356 Private-label CMO131 — (12)119 Other securities/sovereign debt10 — — 10 Total available-for-sale securities$28,565 $85 $(3,345)$25,305 Held-to-maturity securities:Federal agencies:Residential MBS$9,368 $1 $(1,145)$8,224 Residential CMO4,770 6 (664)4,112 Commercial MBS1,509 — (224)1,285 Other agencies101 — (6)95 Total federal agency and other agency securities15,748 7 (2,039)13,716 Municipal securities2 — — 2 Total held-to-maturity securities$15,750 $7 $(2,039)$13,718 Other securities, at cost:Non-marketable equity securities:FRB stock$507 $— $— $507 FHLB stock169 — — 169 Other non-marketable equity securities17 — — 17 Other securities, at fair valueMutual funds30 — — 30 Equity securities1 1 — 2 Total other securities$724 $1 $— $725 (1