Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 235

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 235
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, mortgage servicing rights and relationship intangibles are not considered financial instruments and are not included in the following tables. Accordingly, this fair value information is not intended to, and does not, represent Huntington’s underlying value. 

2025 1Q Form 10-Q     67

The following table provides the carrying amounts and estimated fair values of Huntington’s financial instruments.(dollar amounts in millions)Amortized CostLower of Cost or MarketFair Value or Fair Value OptionTotal Carrying AmountEstimated Fair ValueAt March 31, 2025Financial AssetsCash and short-term assets$15,928 $— $— $15,928 $15,928 Trading account securities— — 477 477 477 Available-for-sale securities— — 27,839 27,839 27,839 Held-to-maturity securities16,315 — — 16,315 14,344 Other securities849 — 31 880 880 Loans held for sale— 25 555 580 580 Net loans and leases (1)130,067 — 175 130,242 128,824 Derivative assets— — 148 148 148 Assets held in trust for deferred compensation plans— — 187 187 187 Financial LiabilitiesDeposits (2)165,337 — — 165,337 165,343 Short-term borrowings140 — 524 664 664 Long-term debt16,953 — 1,143 18,096 18,165 Derivative liabilities— — 453 453 453 At December 31, 2024Financial AssetsCash and short-term assets$13,332 $— $— $13,332 $13,332 Trading account securities— — 53 53 53 Available-for-sale securities— — 27,273 27,273 27,273 Held-to-maturity securities16,368 — — 16,368 14,086 Other securities792 — 31 823 823 Loans held for sale— 2 652 654 654 Net loans and leases (1)127,625 — 173 127,798 125,557 Derivative assets— — 266 266 266 Assets held in trust for deferred compensation plans—