Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 135

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 135
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 lower fair market values.Fair values of financial instrumentsMany of the assets and liabilities subject to the disclosure requirements are not actively traded, requiring fair values to be estimated by management. These estimations necessarily involve the use of judgment about a wide variety of factors, including, but not limited to, relevancy of market prices of comparable instruments, expected future cash flows, and appropriate discount rates.The short-term nature of certain assets and liabilities result in their carrying value approximating fair value. These include trading account securities, customers’ acceptance liabilities, short-term borrowings, bank acceptances outstanding, and cash and short-term assets, which include cash and due from banks and interest-earning deposits with banks. Loan commitments and letters-of-credit generally have short-term, variable-rate features and contain clauses that limit Huntington’s exposure to changes in customer credit quality. Accordingly, their carrying values, which are immaterial at the respective balance sheet dates, are reasonable estimates of fair value.Certain assets, the most significant being operating lease assets, bank-owned life insurance, and premises and equipment, do not meet the definition of a financial instrument and are excluded from this disclosure. Similarly, 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 (