Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 40

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 580 Foreign exchange contracts5,041 46 41 5,465 79 54 Equity contracts929 12 4 823 20 2 Commodities contracts689 38 36 683 29 27 Credit contracts217 2 — 247 2 — Total contracts$101,776 $507 $598 $95,461 $610 $668 The following table presents the amount of gain or loss recognized in income for derivatives not designated as hedging instruments under ASC Subtopic 815-10 in the Unaudited Consolidated Income Statement.Location of Gain or (Loss) Recognized in Income on DerivativeAmount of Gain or (Loss) Recognized in Income on DerivativeThree Months Ended(dollar amounts in millions)March 31, 2025March 31, 2024Interest rate contracts:CustomerCapital markets and advisory fees$8 $5 Mortgage bankingMortgage banking income21 (11)Foreign exchange contractsCapital markets and advisory fees11 11 Credit contractsOther noninterest income(2)(2)Commodities contractsCapital markets and advisory fees1 1 Equity contractsOther noninterest income and other noninterest expense(3)(2)Total$36 $2 Derivatives used in asset and liability management activitiesHuntington engages in balance sheet hedging activity, principally for asset and liability management purposes. Balance sheet hedging activity is generally arranged to receive hedge accounting treatment that can be classified as either fair value or cash flow hedges. Fair value hedges are executed to hedge changes in fair value of outstanding fixed-rate debt and investment securities caused by fluctuations in market interest rates. Cash flow hedges are executed to modify interest rate characteristics of designated commercial loans in order to reduce the impact of changes in future cash flows due to market interest rate changes. 

70     Huntington Bancshares Incorporated

The following table presents the gross notional values of derivatives used in Huntington’s asset and liability management activities at March 31, 2025 and December 31, 2024, identified by the underlying interest rate-sensitive instruments.(dollar amounts in millions)Fair Value HedgesCash Flow HedgesEconomic HedgesTotalAt March 31, 2025Instruments associated with:Investment securities$10,987 $— $— $10,987 Loans— 26,250 175 26,425 Long-term debt11,