Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 75

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 75
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 162,455 Short-term borrowings199 — — 199 199 Long-term debt15,553 — 821 16,374 16,573 Derivative liabilities— — 578 578 578 At December 31, 2023Financial AssetsCash and short-term assets$10,323 $— $— $10,323 $10,323 Trading account securities— — 125 125 125 Available-for-sale securities— — 25,305 25,305 25,305 Held-to-maturity securities15,750 — — 15,750 13,718 Other securities693 — 32 725 725 Loans held for sale— 10 506 516 516 Net loans and leases (1)119,553 — 174 119,727 116,781 Derivative assets— — 393 393 393 Assets held in trust for deferred compensation plans— — 177 177 177 Financial LiabilitiesDeposits (2)151,230 — — 151,230 151,183 Short-term borrowings620 — — 620 620 Long-term debt12,394 — — 12,394 12,276 Derivative liabilities— — 670 670 670 (1)Includes collateral-dependent loans.(2)Includes $1.5 billion and $1.4 billion in time deposits in excess of the FDIC insurance coverage limit at December 31, 2024 and December 31, 2023, respectively.

146     Huntington Bancshares Incorporated

Table of Contents

The following table presents the level in the fair value hierarchy for estimated fair values.Estimated Fair Value Measurements at Reporting Date UsingNettingEstimated Fair Value(dollar amounts in millions)Level 1Level 2Level 3Adjustments (1)At December 31, 2024Financial AssetsTrading account securities$1 $52 $— $— $53 Available-for-sale securities6,556 16,693 4,024 — 27,273 Held-to-maturity securities2,023 12,063 — — 14,086 Other securities (2)29 2 — — 31 Loans held for sale— 652 2