Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 98

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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 continue to focus on acquiring and deepening those relationships resulting in a diversified deposit base. Total deposits were $163.4 billion at June 30, 2025, compared to $162.4 billion at December 31, 2024. The $932 million, or 1%, increase in total deposits, compared to December 31, 2024, was driven by increases in demand, savings, and money market deposits, partially offset by lower time deposits. Total deposits included $6.8 billion of brokered deposits primarily consisting of brokered money market balances at June 30, 2025, compared to $7.0 billion at December 31, 2024. The level of brokered deposits was below our established liquidity risk metric limits at June 30, 2025.

Insured deposits comprised approximately 71% and 69% of our total deposits at June 30, 2025 and December 31, 2024, respectively. The composition of our deposits is presented in the table below.

Table 18 - Deposit Composition(dollar amounts in millions)At June 30, 2025At December 31, 2024By type:Demand deposits—noninterest-bearing$28,656 18 %$29,345 18 %Demand deposits—interest-bearing45,468 28 43,378 27 Money market deposits60,998 37 60,730 37 Savings deposits15,112 9 14,723 9 Time deposits13,146 8 14,272 9 Total deposits$163,380 100 %$162,448 100 %Total deposits (insured/uninsured):Insured deposits$115,386 71 %$112,394 69 %Uninsured deposits (1)47,994 29 50,054 31 Total deposits$163,380 100 %$162,448 100 %

(1)Represents consolidated Huntington uninsured deposits, determined by adjusting the amounts reported in the Bank Call Report (FFIEC 031) by inter-company deposits, which are not customer deposits and are therefore eliminated through consolidation. As of June 30, 2025, the Bank Call Report estimated uninsured deposit balance was $52.1 billion, which includes $4.1 billion of inter-company deposits. As of December 31, 2024, the Bank Call Report estimated uninsured deposit balance was $