Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 96

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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928 7.5 45 2.81 Loans:Receive Fixed - Pay SOFR10,075 2.2 (255)2.75 Receive Fixed - Pay SOFR - forward-starting (7)7,225 4.0 (75)3.62 Liability conversion swapsReceive Fixed - Pay SOFR7,272 3.2 (197)3.30 Receive Fixed - Pay SOFR - forward-starting (7)4,075 4.6 (56)3.64 Purchased floor spreads (4)Purchased Floor Spread - SOFR6,000 1.8 24 2.79 / 3.87Basis swaps (5)Pay SOFR- Receive Fed Fund (economic hedges) 174 1.6 — 5.19 Pay Fed Fund - Receive SOFR (economic hedges) 1 10.8 — 5.24 Total swap portfolio$45,809 $(107)

(1)Amounts include interest rate swaps as fair value hedges of fixed rate investment securities using the portfolio layer method.

(2)Forward-starting swaps effective starting from February 2026 to October 2027.

(3)Forward-starting swaps and forward-starting floor spreads effective starting from October 2025 to June 2026.

(4)The weighted-average fixed rates for floor spreads are the weighted-average strike rates for the upper and lower bounds of the instruments.

(5)Basis swaps have variable pay and variable receive resets. Weighted-average fixed rate column represents pay rate reset. 

(6)Forward-starting swaps effective starting from April 2025 to October 2027.

(7)Forward-starting swaps effective starting from January 2025 to June 2026.

Use of Derivatives to Manage Credit Risk

We may utilize credit derivatives as a tool to manage credit risk within the portfolio by purchasing credit protection over certain types of loan products. When we purchase credit protection, such as a CDS, we pay a fee to the seller, or CDS counterparty, in return for the right to receive a payment if a specified credit event occurs. 

2025 3Q Form 10-Q     23

MSRs

(This section should be read in conjunction with Note 7 - “Mortgage Loan Sales and Servicing Rights” of Notes to Unaudited Consolidated Financial Statements.)

At September