Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 166

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 166
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 (344)266 Financial LiabilitiesDeposits— 147,045 15,410 — 162,455 Short-term borrowings— 199 — — 199 Long-term debt— 11,242 5,331 — 16,573 Derivative liabilities— 666 2 (90)578 (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)Excludes securities without readily determinable fair values.

14. DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are recorded in the Unaudited Consolidated Balance Sheets as either an asset or a liability (in other assets or other liabilities, respectively) and measured at fair value.Derivative financial instruments can be designated as accounting hedges under GAAP. Designating a derivative as an accounting hedge allows Huntington to recognize gains and losses on the hedging instruments in the income statement line item where the gains and losses on the hedged item are recognized. Gains and losses on derivatives that are not designated in an effective hedge relationship under GAAP immediately impact earnings within the period they occur. 

2025 2Q Form 10-Q     77

Table of Contents

The following table presents the fair values and notional values of all derivative instruments included in the Unaudited Consolidated Balance Sheets. Amounts in the table below are presented gross without the impact of any net collateral arrangements.At June 30, 2025At December 31, 2024(dollar amounts in millions)Notional ValueAssetLiabilityNotional ValueAssetLiabilityDerivatives designated as Hedging InstrumentsInterest rate contracts$45,991 $147 $59 $45,634 $24 $— Foreign exchange contracts265 1 — 250 — 5 Derivatives not designated as Hedging InstrumentsInterest rate contracts48,944 287 445 42,359 456 580 Foreign exchange contracts5,207 75 78 5,465 79 54 Equity contracts935 28 3 823 20 2 Commodities contracts634 27 24 683 29 27 Credit contracts187 3 — 247 2 — Total contracts$102,163 $568 $609 $95,461 $610