Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 51

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 51
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 1,409 The Bank:Senior notes— — — 800 — 900 1,700 Subordinated notes130 — 239 — — 150 519 FHLB advances200 3,500 500 500 — 1 4,701 Auto loan securitization trust (1)— — 349 — 678 — 1,027 Credit linked notes (1)— — — — — 817 817 Other28 52 139 163 99 7 488 Total$826 $3,552 $1,297 $2,245 $2,027 $6,732 $16,679 (1)     The contractual maturities are in the years presented, however, the underlying loans will pay down through the contractual maturities. In addition, there is an optional redemption date in which Huntington has the right to redeem the notes after the period in which the aggregate principal balance is less than or equal to 10% of the original principal balance.The terms of certain long-term debt obligations contain various restrictive covenants including limitations on the acquisition of additional debt, dividend payments, and the disposition of subsidiaries. As of December 31, 2024, Huntington was in compliance with all such covenants.

2024 Form 10-K     127

Table of Contents

11. OTHER COMPREHENSIVE INCOME

The components of Huntington’s OCI were as follows.(dollar amounts in millions)PretaxTax (expense) benefitAfter-taxYear Ended December 31, 2024Unrealized losses on available-for-sale securities arising during the period, net of hedges$(454)$107 $(347)Reclassification adjustment for realized net losses included in net income94 (18)76 Total unrealized losses on available-for-sale securities, net of hedges(360)89 (271)Unrealized losses on cash flow hedges during the period(111)26 (85)Reclassification adjustment for cash flow hedges included in net income236 (55)181 Net change related to cash flow hedges on loans125 (29)96 Translation adjustments, net of hedges (1)(6)— (6)Change in accumulated unrealized losses for pension and other post-retirement obligations(12)3 (9)Other comprehensive loss$(253)$63