Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 27

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 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. SHAREHOLDERS' EQUITY

Preferred StockThe following is a summary of Huntington’s non-cumulative, non-voting, perpetual preferred stock outstanding.(dollar amounts in millions)Issuance DateShares OutstandingDividend RateEarliest Redemption Date (1)Carrying AmountSeriesAt March 31, 2025At December 31, 2024Series B (1)12/28/201135,500 Variable (2)1/15/2017$23 $23 Series F (3)5/27/20205,000 5.625 %7/15/2030494 494 Series G (3)8/3/20205,000 4.45 10/15/2027494