Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 125

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 125
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-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)Other comprehensive income before reclassifications253 155 1 — 409 Amounts reclassified from accumulated OCI to earnings2 22 — — 24 Period change255 177 1 — 433 Balance, end of period$(2,110)$(90)$(11)$(222)$(2,433)Three months ended March 31, 2024Balance, beginning of period$(2,094)$(363)$(6)$(213)$(2,676)Other comprehensive income before reclassifications(130)(124)(2)— (256)Amounts reclassified from accumulated OCI to earnings2 51 — — 53 Period change(128)(73)(2)— (203)Balance, end of period$(2,222)$(436)$(8)$(213)$(2,879)(1)AOCI amounts at March 31, 2025 and March 31, 2024 include $49 million and $56 million, respectively, of net unrealized losses (after-tax) on securities transferred from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.

2025 1Q Form 10-Q     59

9. SHAREHOLD