Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 7

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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,088 — (126)3,962 Corporate debt1,138 — (86)1,052 Asset-backed securities313 — (15)298 Private-label CMO117 1 (9)109 Other securities/sovereign debt10 — — 10 Total available-for-sale securities$30,857 $32 $(3,050)$27,839 Held-to-maturity securities:U.S. Treasury$2,320 $8 $(7)$2,321 Federal agencies:Residential MBS8,338 — (1,156)7,182 Residential CMO4,201 8 (610)3,599 Commercial MBS1,388 — (211)1,177 Other agencies67 — (3)64 Total federal agency and other agency securities16,314 16 (1,987)14,343 Municipal securities1 — — 1 Total held-to-maturity securities$16,315 $16 $(1,987)$14,344 Other securities, at cost:Non-marketable equity securities:FRB stock$574 $— $— $574 FHLB stock252 — — 252 Other non-marketable equity securities23 — — 23 Other securities, at fair value: Mutual funds29 — — 29 Equity securities2 — — 2 Total other securities$880 $— $— $880 (1)Amortized cost amounts exclude accrued interest receivable, which is recorded within accrued income and other receivables on the Unaudited Consolidated Balance Sheets. At March 31, 2025, accrued interest receivable on available-for-sale securities and held-to-maturity securities totaled $99 million and $43 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 $336 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.

44     Huntington Bancshares Incorporated

Unrealized(dollar amounts in millions)AmortizedCost (1)(2)GrossGainsGrossLossesFair ValueAt