Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 94

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 94
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 specified amount of assets and liabilities (i.e., notional amounts) to another interest rate index. The positions are also used to hedge the variability in cash flows attributable to the contractually specified interest rate by converting the variable-rate index into a fixed rate. The volume, maturity, and mix of derivative positions change frequently as we adjust our broader interest rate risk management objectives and the balance sheet positions to be hedged. For further information, including the notional amount and fair values of these derivatives, refer to Note 14 - “Derivative Financial Instruments” of the Notes to Unaudited Consolidated Financial Statements. 

2025 2Q Form 10-Q     23

Table of Contents

The table below presents additional information about the interest rate swaps and floors used in Huntington’s asset and liability management activities.

Table 17 - Information on Asset Liability Management Instruments Weighted-Average Maturity (years)Weighted-AverageFixed Rate(dollar amounts in millions)Notional ValueFair ValueAt June 30, 2025Asset conversion swapsSecurities (1):Pay Fixed - Receive SOFR$7,982 2.3 $163 1.69 %Pay Fixed - Receive SOFR - forward-starting (2)1,160 13.0 26 3.36 Loans:Receive Fixed - Pay SOFR14,050 2.4 (62)3.15 Receive Fixed - Pay SOFR - forward-starting (3)2,250 4.0 15 3.47 Liability conversion swapsReceive Fixed - Pay SOFR9,399 3.2 (58)3.46 Receive Fixed - Pay SOFR - forward-starting (3)1,200 5.8 23 3.91 Purchased floor spreads (4)Purchased Floor Spread - SOFR 6,000 1.3 25 2.79 / 3.87Purchased Floor Spread - SOFR forward-starting (5)3,950 3.9 63 2.84 / 3.84Basis swaps (6)Pay SOFR- Receive Fed Fund (economic hedges)174 1.1 — 4.35 Pay Fed Fund - Receive SOFR (economic hedges) 1 10.3 — 4.43 Total swap portfolio$46,166 $195 At December 31, 2024Asset conversion swapsSec