Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 222

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 222
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 the period due to:Time decay (1)(7)(6)Payoffs (2)(7)(5)Changes in valuation inputs or assumptions (3)(15)20 Fair value, end of period$564 $534 Loans serviced for third parties, unpaid principal balance, end of period$33,864 $33,303 (1)Represents decrease in value due to passage of time, including the impact from both regularly scheduled principal payments and partial loan paydowns.(2)Represents decrease in value associated with loans that paid off during the period.(3)Represents change in value resulting primarily from market-driven changes in interest rates.The following table summarizes key assumptions and the sensitivity of the MSR value to changes in these assumptions.At March 31, 2025At December 31, 2024Decline in fair value due toDecline in fair value due to(dollar amounts in millions)Actual10%adversechange20%adversechangeActual10%adversechange20%adversechangeConstant prepayment rate (annualized)8.20 %$(15)$(29)7.54 %$(14)$(28)Spread over forward interest rate swap rates567 bps(13)(26)568 bps(13)(26)

7. BORROWINGS 

Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following.(dollar amounts in millions)At March 31, 2025At December 31, 2024Securities sold under agreements to repurchase$132 $142 Other borrowings532 57 Total short-term borrowings$664 $199 The carrying value of assets pledged as collateral against repurchase agreements totaled $201 million and $224 million as of March 31, 2025 and December 31, 2024, respectively. Assets pledged as collateral are reported in available-for-sale securities and held-to-maturity securities on the Unaudited Consolidated Balance Sheets. The repurchase agreements have maturities within 60 days. No amounts have been offset against the agreements.

2025 1Q Form 10-Q     57

The following table summarizes the composition of Huntington’s long-term debt.(dollar amounts in millions)At March 31, 2025At December 31, 2024The Parent Company:Senior Notes$5,922 $5,836