Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 136

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 136
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2)165,337 — — 165,337 165,343 Short-term borrowings140 — 524 664 664 Long-term debt16,953 — 1,143 18,096 18,165 Derivative liabilities— — 453 453 453 At December 31, 2024Financial AssetsCash and short-term assets$13,332 $— $— $13,332 $13,332 Trading account securities— — 53 53 53 Available-for-sale securities— — 27,273 27,273 27,273 Held-to-maturity securities16,368 — — 16,368 14,086 Other securities792 — 31 823 823 Loans held for sale— 2 652 654 654 Net loans and leases (1)127,625 — 173 127,798 125,557 Derivative assets— — 266 266 266 Assets held in trust for deferred compensation plans— — 191 191 191 Financial LiabilitiesDeposits (2)162,448 — — 162,448 162,455 Short-term borrowings199 — — 199 199 Long-term debt15,553 — 821 16,374 16,573 Derivative liabilities— — 578 578 578 (1)Includes collateral-dependent loans. (2)Includes $1.4 billion and $1.5 billion in time deposits in excess of the FDIC insurance coverage limit at March 31, 2025 and December 31, 2024, respectively.

68     Huntington Bancshares Incorporated

The following table presents the level in the fair value hierarchy for the estimated fair values.Estimated Fair Value Measurements at Reporting Date UsingNetting Adjustments (1) Estimated Fair Value(dollar amounts in millions)Level 1Level 2Level 3At March 31, 2025Financial AssetsTrading account securities$348 $129 $— $— $477 Available-for-sale securities6,639 17,202 3,998 — 27,839 Held-to-maturity securities2,321 12,023 — — 14,344 Other securities (2)29 2 —