Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 148

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 148
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 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.

2025 3Q Form 10-Q     61

The following table summarizes key assumptions and the sensitivity of the MSR value to changes in these assumptions.At September 30, 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)8.51 %$(16)$(32)7.54 %$(14)$(28)Spread over forward interest rate swap rates566 bps(14)(27)568 bps(13)(26)

8. 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 September 30, 2025At December 31, 2024Securities sold under agreements to repurchase$144 $142 Other borrowings108 57 Total short-term borrowings$252 $199 The carrying value of assets pledged as collateral against repurchase agreements totaled $205 million and $224 million as of September 30, 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.The following table summarizes the composition of Huntington’s long-term debt.(dollar amounts in millions)At September 30, 2025At December 31, 2024The Parent Company:Senior Notes$5,514 $5,836 Subordinated Notes1,374 1,341 Total notes issued by the Parent Company6,888 7,177 The Bank:Senior Notes3,190 1,654 Subordinated Notes231 515 Total notes issued by the Bank3,421 2,169 FHLB Advances4,514 4,696 Auto Loan Securitization Trust (1)694 1,023 Credit Linked Notes (