Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 214

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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 558 10 (354)214 Assets held in trust for deferred compensation plans200 — — — 200 LiabilitiesShort-term borrowings (2)416 9 — — 425 Long-term debt— 1,014 — — 1,014 Derivative liabilities— 606 3 (223)386 (1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.(2)Includes debt and equity securities held by our broker dealer in its trading inventory and securities sold short as a hedging strategy for purposes of supporting client trading activities. Level 1 fair value positions are determined by quoted market prices available in an active market for identical securities. When quoted market prices are not available, fair values are classified as Level 2 and are determined using quoted prices for similar assets in active markets.

2025 2Q Form 10-Q     70

Table of Contents

Fair Value Measurements at Reporting Date UsingNetting Adjustments (1)Total(dollar amounts in millions)Level 1Level 2Level 3At December 31, 2024AssetsTrading account securities:U.S. Treasury securities$1 $— $— $— $1 Other trading account securities— 52 — — 52 Total trading account securities1 52 — — 53 Available-for-sale securities:U.S. Treasury securities6,556 — — — 6,556 Residential MBS— 10,017 — — 10,017 Residential CMO— 3,345 — — 3,345 Commercial MBS— 1,752 — — 1,752 Other agencies— 130 — — 130 Municipal securities— 34 3,954 — 3,988 Corporate debt— 1,055 — — 1,055 Asset-backed securities— 262 49 — 311 Private-label CMO— 88 21 — 109 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities6,556 16,693 4,024 — 27,273 Other securities29 2 —