Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 133

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 133
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285)Municipal securities— — 1 — 1 — Total temporarily impaired held-to-maturity securities$1,843 $(25)$11,495 $(2,260)$13,338 $(2,285)At September 30, 2025 and December 31, 2024, the carrying value of investment securities pledged to secure public and trust deposits, trading account liabilities, U.S. Treasury demand notes, and security repurchase agreements, and to support borrowing capacity, totaled $30.8 billion and $37.7 billion, respectively. There were no securities of a single issuer, which were not governmental or government-sponsored, that exceeded 10% of shareholders’ equity at either September 30, 2025 or December 31, 2024. At September 30, 2025, substantially all HTM debt securities are comprised of securities issued by government sponsored entities or are explicitly guaranteed by the U.S. government. In addition, there were no HTM debt securities considered past due at September 30, 2025.Based on an evaluation of available information including security type, counterparty credit quality, past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability of cash flows, as of September 30, 2025, Huntington has concluded that, except for one municipal bond classified as an AFS debt security for which $2 million of write-downs were recognized during 2024, it expects to receive all contractual cash flows from each security held in its AFS and HTM debt securities portfolio. Huntington recognized a $3 million recovery during the first quarter of 2025 related to one AFS municipal security that had previously been written down. There was no allowance related to securities as of September 30, 2025 or December 31, 2024.

2025 3Q Form 10-Q     51

5. LOANS AND LEASES 

The following table provides a detailed listing of Huntington’s loan and lease portfolio. (dollar amounts in millions)At September 30, 2025At December 31, 2024Commercial loan and lease portfolio:Commercial and industrial$62,978 $56,809 Commercial real estate10,732 11,078 Lease financing5,515 5,454 Total commercial loan and lease portfolio79,225 73,341 Consumer loan portfolio:Residential mortgage24,502 24,242