Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 181

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 181
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 2.20 103,338 363 0.35 10,065 10 Short-term borrowings3,081 179 5.81 2,485 46 1.86 596 24 Long-term debt13,324 801 6.01 8,724 287 3.29 4,600 53 Total interest-bearing liabilities129,808 3,477 2.68 114,547 696 0.61 15,261 13 Demand deposits—noninterest-bearing33,985 41,574 (7,589)(18)All other liabilities5,080 4,353 727 17 Total liabilities168,873 160,474 8,399 5 Total Huntington shareholders’ equity18,634 18,263 371 2 Non-controlling interest49 31 18 58 Total equity18,683 18,294 389 2 Total liabilities and equity$187,556 $178,768 $8,788 5 %Net interest rate spread2.54 3.06 Impact of noninterest-bearing funds on NIM0.65 0.19 NII/NIM (FTE)$5,481 3.19 %$5,304 3.25 %

(1)FTE yields are calculated assuming a 21% tax rate.

(2)Yield/rates include the impact of applicable derivatives. Loan and lease and deposit average yield/rates also include impact of applicable non-deferrable and amortized fees.

(3)For purposes of this analysis, NALs are reflected in the average balances of loans and leases.

52     Huntington Bancshares Incorporated

Table of Contents

The following table shows changes in fully-taxable equivalent interest income, interest expense, and net interest income due to volume and rate variances for major categories of earning assets and interest-bearing liabilities.

Table 3 - Change in Net Interest Income Due to Changes in Average Volume and Interest Rates (1) 20242023(dollar amounts in millions)Increase (Decrease) FromPrevious Year Due ToIncrease (Decrease) FromPrevious Year Due ToFTE basis (2)VolumeYield/RateTotalVolumeYield/RateTotalLoans and leases$205 $474 $679 $248 $1,750 $1,998 Investment securities 105 112 217