Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 49

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 derivatives not designated as hedging instruments under ASC Subtopic 815-10 in the Unaudited Consolidated Income Statement.Location of Gain or (Loss) Recognized in Income on DerivativeAmount of Gain or (Loss) Recognized in Income on DerivativeThree Months EndedSix Months Ended(dollar amounts in millions)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Interest rate contracts:CustomerCapital markets and advisory fees$13 $6 $21 $11 Mortgage bankingMortgage banking income(21)(12)— (23)Foreign exchange contractsCapital markets and advisory fees13 11 24 22 Credit contractsOther noninterest income(2)(6)(4)(8)Commodities contractsCapital markets and advisory fees1 1 2 2 Equity contractsOther noninterest income and other noninterest expense4 (2)1 (4)Total$8 $(2)$44 $— Derivatives used in asset and liability management activitiesHuntington engages in balance sheet hedging activity, principally for asset and liability management purposes. Balance sheet hedging activity is generally arranged to receive hedge accounting treatment that can be classified as either fair value or cash flow hedges. Fair value hedges are executed to hedge changes in fair value of outstanding fixed-rate debt and investment securities caused by fluctuations in market interest rates. Cash flow hedges are executed to modify interest rate characteristics of designated commercial loans in order to reduce the impact of changes in future cash flows due to market interest rate changes. 

2025 2Q Form 10-Q     78

Table of Contents

The following table presents the gross notional values of derivatives used in Huntington’s asset and liability management activities at June 30, 2025 and December 31, 2024, identified by the underlying interest rate-sensitive instruments.(dollar amounts in millions)Fair Value HedgesCash Flow HedgesEconomic HedgesTotalAt June 30, 2025Instruments associated with:Investment securities$9,142 $— $— $9,142 Loans— 26,250 175 26,425 Long-term debt10,599 — — 10,599 Total notional value$19,741 $26,250 $175 $46,166 At December 31, 2024Instruments associated with:Invest