Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 39

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,693 4,024 — 27,273 Held-to-maturity securities2,023 12,063 — — 14,086 Other securities (2)29 2 — — 31 Loans held for sale— 652 2 — 654 Net loans and leases— 113 125,444 — 125,557 Derivative assets— 606 4 (344)266 Financial LiabilitiesDeposits— 147,045 15,410 — 162,455 Short-term borrowings— 199 — — 199 Long-term debt— 11,242 5,331 — 16,573 Derivative liabilities— 666 2 (90)578 (1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.(2)Excludes securities without readily determinable fair values.

13. DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments are recorded in the Unaudited Consolidated Balance Sheets as either an asset or a liability (in other assets or other liabilities, respectively) and measured at fair value.Derivative financial instruments can be designated as accounting hedges under GAAP. Designating a derivative as an accounting hedge allows Huntington to recognize gains and losses on the hedging instruments in the income statement line item where the gains and losses on the hedged item are recognized. Gains and losses on derivatives that are not designated in an effective hedge relationship under GAAP immediately impact earnings within the period they occur. 

2025 1Q Form 10-Q     69

The following table presents the fair values and notional values of all derivative instruments included in the Unaudited Consolidated Balance Sheets. Amounts in the table below are presented gross without the impact of any net collateral arrangements.At March 31, 2025At December 31, 2024(dollar amounts in millions)Notional ValueAssetLiabilityNotional ValueAssetLiabilityDerivatives designated as Hedging InstrumentsInterest rate contracts$48,454 $138 $54 $45,634 $24 $— Foreign exchange contracts248 1 — 250 — 5 Derivatives not designated as Hedging InstrumentsInterest rate contracts46,198 270 463 42,359 456