Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 286

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 8
Chunk 286
---
 (2)29 2 — — 31 Loans held for sale— 652 2 — 654 Net loans and leases— 113 125,444 — 125,557 Derivative assets— 606 4 (344)266 Financial LiabilitiesDeposits— 147,045 15,410 — 162,455 Short-term borrowings— 199 — — 199 Long-term debt— 11,242 5,331 — 16,573 Derivative liabilities— 666 2 (90)578 (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)Excludes securities without readily determinable fair values.

14. DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are recorded in the Unaudited Consolidated Balance Sheets as either an asset or a liability (in other assets or other liabilities, respectively) and measured at fair value.Derivative financial instruments can be designated as accounting hedges under GAAP. Designating a derivative as an accounting hedge allows Huntington to recognize gains and losses on the hedging instruments in the income statement line item where the gains and losses on the hedged item are recognized. Gains and losses on derivatives that are not designated in an effective hedge relationship under GAAP immediately impact earnings within the period they occur. 

2025 3Q Form 10-Q     77

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 September 30, 2025At December 31, 2024(dollar amounts in millions)Notional ValueAssetLiabilityNotional ValueAssetLiabilityDerivatives designated as Hedging InstrumentsInterest rate contracts$42,136 $122 $38 $45,634 $24 $— Foreign exchange contracts266 — 2 250 — 5 Derivatives not designated as Hedging InstrumentsInterest rate contracts47,557 261 389 42,359 456 580 Foreign exchange contracts6,287 61 52 5,465 79 54 Equity contracts897 32 6 823 20 2