Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 107

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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aturity securities$16,368 $3 $(2,285)$14,086 Other securities, at cost:Non-marketable equity securities:FRB stock$521 $— $— $521 FHLB stock246 — — 246 Other non-marketable equity securities25 — — 25 Other securities, at fair value:Mutual funds29 — — 29 Equity securities1 1 — 2 Total other securities$822 $1 $— $823 (1)Amortized cost amounts exclude accrued interest receivable, which is recorded within accrued income and other receivables on the Unaudited Consolidated Balance Sheets. At December 31, 2024, accrued interest receivable on available-for-sale securities and held-to-maturity securities totaled $89 million and $46 million, respectively.(2)Excluded from the amortized cost are portfolio level basis adjustments for securities designated in fair value hedges under the portfolio layer method. The basis adjustments totaled $458 million and represent a reduction to the amortized cost of the securities being hedged. The securities being hedged under the portfolio layer method are primarily Residential CMO and Residential MBS securities.

2025 1Q Form 10-Q     45

 The following table provides the amortized cost and fair value of securities by contractual maturity. Expected maturities may differ from contractual maturities as issuers may have the right to call or prepay obligations with or without incurring penalties.At March 31, 2025At December 31, 2024(dollar amounts in millions)AmortizedCostFairValueAmortizedCostFairValueAvailable-for-sale securities:Under 1 year$3,073 $3,071 $3,620 $3,624 After 1 year through 5 years6,716 6,627 5,993 5,844 After 5 years through 10 years1,666 1,554 1,857 1,732 After 10 years19,402 16,587 19,273 16,073 Total available-for-sale securities$30,857 $27,839 $30,743 $27,273 Held-to-maturity securities:Under 1 year$201 $200 $255 $256 After 1 year through 5 years2,143 2,144