Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 98

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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, see Note 4 - “Loans and Leases” and Note 5 - “Allowance For Credit Losses” of the Notes to the Unaudited Consolidated Financial Statements.

2025 1Q Form 10-Q     35

Recent Accounting Pronouncements and Developments

Note 2 - “Accounting Standards Update” of the Notes to Unaudited Consolidated Financial Statements discusses new accounting pronouncements adopted during 2025 and the expected impact of accounting pronouncements recently issued but not yet required to be adopted, if applicable. To the extent the adoption of new accounting standards materially affects financial condition, results of operations, or liquidity, the impacts are discussed in the applicable section of this MD&A and the Notes to the Unaudited Consolidated Financial Statements.

36     Huntington Bancshares Incorporated

Item 1: Financial Statements

Huntington Bancshares Incorporated

Consolidated Balance Sheets (Unaudited) 

At March 31, At December 31,(dollar amounts in millions)20252024AssetsCash and due from banks$1,598 $1,685 Interest-earning deposits with banks14,330 11,647 Trading account securities477 53 Available-for-sale securities27,839 27,273 Held-to-maturity securities16,315 16,368 Other securities880 823 Loans held for sale (includes $555 and $652, respectively, measured at fair value)580 654 Loans and leases (includes $175 and $173, respectively, measured at fair value)132,505 130,042 Allowance for loan and lease losses(2,263)(2,244)Net loans and leases (1)130,242 127,798 Bank-owned life insurance2,799 2,793 Accrued income and other receivables1,716 2,190 Premises and equipment1,085 1,066 Goodwill5,561 5,561 Servicing rights and other intangible assets656 677 Other assets (1)5,518 5,642 Total assets$209,596 $204,230 Liabilities and shareholders’ equityLiabilitiesDeposits:Demand deposits—noninterest-bearing$30,217 $29,345 Interest-bearing135,120 133,103 Total deposits165,337 162,448 Short-term borrowings664 199 Long-term debt (1) (includes