Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 29

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 29
---
Over 12 MonthsTotal(dollar amounts in millions)FairValueGross UnrealizedLossesFairValueGross UnrealizedLossesFairValueGross UnrealizedLossesAt December 31, 2023Available-for-sale securities:Federal agencies:Residential MBS$207 $(2)$10,913 $(1,774)$11,120 $(1,776)Residential CMO543 (7)2,641 (401)3,184 (408)Commercial MBS— — 1,827 (709)1,827 (709)Other agencies— — 81 (6)81 (6)Total federal agency and other agency securities750 (9)15,462 (2,890)16,212 (2,899)Municipal securities625 (19)2,496 (146)3,121 (165)Corporate debt— — 2,043 (238)2,043 (238)Asset-backed securities— — 281 (31)281 (31)Private-label CMO— — 99 (12)99 (12)Total temporarily impaired available-for-sale securities$1,375 $(28)$20,381 $(3,317)$21,756 $(3,345)Held-to-maturity securities:Federal agencies:Residential MBS$— $— $8,108 $(1,145)$8,108 $(1,145)Residential CMO156 (1)3,542 (663)3,698 (664)Commercial MBS— — 1,285 (224)1,285 (224)Other agencies— — 95 (6)95 (6)Total federal agency and other agency securities156 (1)13,030 (2,038)13,186 (2,039)Total temporarily impaired held-to-maturity securities$156 $(1)$13,030 $(2,038)$13,186 $(2,039)At December 31, 2024 and December 31, 2023, the carrying value of investment securities pledged to secure public and trust deposits, trading account liabilities, U.S. Treasury demand notes, security repurchase agreements and to support borrowing capacity totaled $37.7 billion and $35.1 billion, respectively. There were no securities of