Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 219

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 219
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 agencies2.48 1.70 6.74 6.64 4.04 Total U.S. Treasury, federal agency, and other agency securities4.93 3.92 2.06 2.55 3.03 Municipal securities6.41 5.66 4.64 4.73 5.24 Corporate debt3.64 2.08 2.97 — 2.28 Asset-backed securities5.31 1.90 1.67 2.45 2.81 Private-label CMO0.72 2.48 2.44 2.95 2.70 Other securities/sovereign debt5.30 5.09 — — 5.23 Total available-for-sale securities5.16 %4.01 %4.09 %2.64 %3.29 %Held-to-maturity securities:U.S. Treasury4.63 %3.93 %— %— %4.01 %Federal agencies:Residential MBS— — — 2.54 2.54 Residential CMO— — 2.68 2.55 2.55 Commercial MBS— — 3.05 2.32 2.33 Other agencies2.57 2.46 2.47 2.58 2.52 Total federal agencies and other agencies4.57 3.91 2.78 2.52 2.71 Municipal securities— — — 2.63 2.63 Total held-to-maturity securities4.57 %3.91 %2.78 %2.52 %2.71 %

(1)Weighted average yields were calculated using amortized cost on a fully-taxable equivalent basis, assuming a 21% tax rate where applicable.

Bank Liquidity and Sources of Funding

Our primary sources of funding for the Bank are customer deposits. At December 31, 2024, customer deposits funded 76% of total assets (120% of total loans). To the extent we are unable to obtain sufficient liquidity through customer deposits, cash and cash equivalents, and securities, we may meet our liquidity needs through wholesale funding and asset securitization or sale. Additionally, the Bank may also access funding through inter