Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 138

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 138
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 10-Q     69

The following table presents the fair values and notional values of all derivative instruments included in the Unaudited Consolidated Balance Sheets. Amounts in the table below are presented gross without the impact of any net collateral arrangements.At March 31, 2025At December 31, 2024(dollar amounts in millions)Notional ValueAssetLiabilityNotional ValueAssetLiabilityDerivatives designated as Hedging InstrumentsInterest rate contracts$48,454 $138 $54 $45,634 $24 $— Foreign exchange contracts248 1 — 250 — 5 Derivatives not designated as Hedging InstrumentsInterest rate contracts46,198 270 463 42,359 456 580 Foreign exchange contracts5,041 46 41 5,465 79 54 Equity contracts929 12 4 823 20 2 Commodities contracts689 38 36 683 29 27 Credit contracts217 2 — 247 2 — Total contracts$101,776 $507 $598 $95,461 $610 $668 The following table presents the amount of gain or loss recognized in income for derivatives not designated as hedging instruments under ASC Subtopic 815-10 in the Unaudited Consolidated Income Statement.Location of Gain or (Loss) Recognized in Income on DerivativeAmount of Gain or (Loss) Recognized in Income on DerivativeThree Months Ended(dollar amounts in millions)March 31, 2025March 31, 2024Interest rate contracts:CustomerCapital markets and advisory fees$8 $5 Mortgage bankingMortgage banking income21 (11)Foreign exchange contractsCapital markets and advisory fees11 11 Credit contractsOther noninterest income(2)(2)Commodities contractsCapital markets and advisory fees1 1 Equity contractsOther noninterest income and other noninterest expense(3)(2)Total$36 $2 Derivatives used in asset and liability management activitiesHuntington engages in balance sheet hedging activity, principally for asset and liability management purposes. Balance sheet hedging activity is generally arranged to receive hedge accounting treatment that can be classified as either fair value or cash flow hedges. Fair value hedges are executed to hedge changes in fair value of outstanding fixed-rate debt and investment securities caused by fluctuations in market interest rates. Cash