Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 204

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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,404 (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 June 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)8.31 %$(16)$(30)7.54 %$(14)$(28)Spread over forward interest rate swap rates566 bps(13)(26)568 bps(13)(26)

62     Huntington Bancshares Incorporated

Table of Contents

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 June 30, 2025At December 31, 2024Securities sold under agreements to repurchase$131 $142 Other borrowings445 57 Total short-term borrowings$576 $199 The carrying value of assets pledged as collateral against repurchase agreements totaled $219 million and $224 million as of June 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 June 30, 2025At December 31, 2024The Parent Company:Senior Notes$5,503 $5,836 Subordinated Notes1,370 1,341 Total notes issued by the Parent Company6,873 7,177 The Bank:Senior Notes3,185 1,654 Subordinated Notes391 515 Total notes issued by the Bank3,576 2,169 FHLB Advances4,715 4,696