Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 224

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 224
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 on an initial $3.5 billion reference pool of Huntington’s auto-secured loans.

58     Huntington Bancshares Incorporated

8. OTHER COMPREHENSIVE INCOME 

The following table summarizes the components of Huntington’s OCI.(dollar amounts in millions)PretaxTax (expense) benefitAfter-taxThree months ended March 31, 2025Unrealized gains on available-for-sale securities arising during the period, net of hedges$329 $(76)$253 Reclassification adjustment for realized net losses included in net income2 — 2 Total unrealized gains on available-for-sale securities, net of hedges331 (76)255 Unrealized gains on cash flow hedges during the period202 (47)155 Reclassification adjustment for cash flow hedges included in net income28 (6)22 Net change related to cash flow hedges on loans230 (53)177 Translation adjustments, net of hedges (1)1 — 1 Other comprehensive income$562 $(129)$433 Three months ended March 31, 2024Unrealized losses on available-for-sale securities arising during the period, net of hedges$(170)$40 $(130)Reclassification adjustment for realized net losses included in net income3 (1)2 Total unrealized losses on available-for-sale securities, net of hedges(167)39 (128)Unrealized losses on cash flow hedges during the period(161)37 (124)Reclassification adjustment for cash flow hedges included in net income67 (16)51 Net change related to cash flow hedges on loans(94)21 (73)Translation adjustments, net of hedges (1)(2)— (2)Other comprehensive loss$(263)$60 $(203)(1)Foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on foreign currency translation adjustments.The following table summarizes the activity in accumulated OCI.(dollar amounts in millions)Unrealized  gains (losses) on available-for-sale securities, net of hedges (1)Net change related to cash flow hedges on loansTranslation adjustments, net of hedgesUnrealized losses for pension and other post-retirement obligationsTotalThree months ended March 31, 2025Balance, beginning of period$(2,365)$(267)$(12)$(222)$(2,866