Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 32

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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illion reference pool of Huntington’s auto-secured loans.During the third quarter of 2025, the Bank completed a CLN transaction whereby it issued $415 million of unsecured credit linked notes to third-party investors. There are five classes of notes, each maturing in September 2033. One note class bears interest at a fixed rate of 4.835% and the remaining four note classes bear interest at SOFR plus a spread rate that ranges from 1.20% to 6.60% (weighted average spread of 3.04%). These notes transfer a portion of the risk of losses to third-party investors on an initial $3.5 billion reference pool of Huntington’s auto-secured loans.

2025 3Q Form 10-Q     63

9. OTHER COMPREHENSIVE INCOME 

The following table summarizes the components of Huntington’s OCI.(dollar amounts in millions)PretaxTax (expense) benefitAfter-taxThree months ended September 30, 2025Unrealized gains on available-for-sale securities arising during the period, net of hedges$197 $(46)$151 Reclassification adjustment for realized net losses included in net income2 — 2 Total unrealized gains on available-for-sale securities, net of hedges199 (46)153 Unrealized gains on cash flow hedges during the period23 (6)17 Reclassification adjustment for cash flow hedges included in net income7 (1)6 Net change related to cash flow hedges on loans30 (7)23 Translation adjustments, net of hedges (1)(2)1 (1)Other comprehensive income$227 $(52)$175 Three months ended September 30, 2024Unrealized gains on available-for-sale securities during the period, net of hedges$573 $(131)$442 Reclassification adjustment for realized net losses included in net income4 (1)3 Total unrealized gains on available-for-sale securities, net of hedges577 (132)445 Unrealized gains on cash flow hedges during the period412 (95)317 Reclassification adjustment for cash flow hedges included in net income55 (12)43 Net change related to cash flow hedges on loans467 (107)360 Translation adjustments, net of hedges (1)2 — 2 Change in accumulated unrealized gains for pension and other