Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 130

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 130
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 87 22 — 109 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities6,639 17,202 3,998 — 27,839 Other securities29 2 — — 31 Loans held for sale— 555 — — 555 Loans held for investment— 112 63 — 175 MSRs— — 564 — 564 Other assets:Derivative assets— 500 7 (359)148 Assets held in trust for deferred compensation plans187 — — — 187 LiabilitiesShort-term borrowings (2)514 10 — — 524 Long-term debt— 1,143 — — 1,143 Derivative liabilities— 594 4 (145)453 (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)Includes debt and equity securities held by our broker dealer in its trading inventory and securities sold short as a hedging strategy for purposes of supporting client trading activities. Level 1 fair value positions are determined by quoted market prices available in an active market for identical securities. When quoted market prices are not available, fair values are classified as Level 2 and are determined using quoted prices for similar assets in active markets.

2025 1Q Form 10-Q     63

Fair Value Measurements at Reporting Date UsingNetting Adjustments (1)Total(dollar amounts in millions)Level 1Level 2Level 3At December 31, 2024AssetsTrading account securities:U.S. Treasury securities$1 $— $— $— $1 Other trading account securities— 52 — — 52 Total trading account securities1 52 — — 53 Available-for-sale securities:U.S. Treasury securities6,556 — — — 6,556 Residential MBS— 10,017 — — 10,017 Residential CMO— 3,345 — — 3,345 Commercial MBS— 1,752 — — 1,752 Other agencies— 130 — — 130 Municip