Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 155

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 155
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2,519 — (767)1,752 Other agencies135 — (5)130 Total U.S. Treasury, federal agency, and other agency securities25,008 12 (3,220)21,800 Municipal securities4,119 1 (132)3,988 Corporate debt1,157 — (102)1,055 Asset-backed securities330 — (19)311 Private-label CMO119 — (10)109 Other securities/sovereign debt10 — — 10 Total available-for-sale securities$30,743 $13 $(3,483)$27,273 Held-to-maturity securities:U.S. Treasury$2,045 $— $(22)$2,023 Federal agencies:Residential MBS8,533 — (1,336)7,197 Residential CMO4,309 3 (691)3,621 Commercial MBS1,407 — (231)1,176 Other agencies73 — (5)68 Total U.S. Treasury, federal agency, and other agency securities16,367 3 (2,285)14,085 Municipal securities1 — — 1 Total held-to-maturity securities$16,368 $3 $(2,285)$14,086 Other securities, at cost:Non-marketable equity securities:FRB stock$521 $— $— $521 FHLB stock246 — — 246 Other non-marketable equity securities25 — — 25 Other securities, at fair value:Mutual funds29 — — 29 Equity securities1 1 — 2 Total other securities$822 $1 $— $823 (1)Amortized cost amounts exclude accrued interest receivable, which is recorded within accrued income and other receivables on the Unaudited Consolidated Balance Sheets. At December 31, 2024, accrued interest receivable on available-for-sale securities and held-to-maturity securities totaled $89 million and $46 million, respectively.(2)Excluded from the amortized cost are portfolio level basis adjustments for securities designated in fair value hedges under the portfolio layer method. The basis adjustments totaled $458 million and represent a reduction to the amortized cost