Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 24

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 24
---
 the CODM to use more than one measure of segment profit and loss, as long as one measure is consistent with GAAP.•Huntington adopted the standard effective for the year ended December 31, 2024. •The adoption did not result in a material impact on Huntington’s Consolidated Financial Statements.•The amendments have been applied retrospectively to all periods presented and segment expense categories are based on the categories identified at adoption. •Refer to Note 24 - “Segment Reporting” for additional disclosure information.Accounting standards yet to be adoptedStandardSummary of guidanceEffects on financial statementsASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures•Requires a tabular rate reconciliation using both percentages and reporting currency amounts between the reported amount of income tax expense (or benefit) to the amount of statutory federal income tax at current rates for specified categories using specified disaggregation criteria.•The amount of net income taxes paid for federal, state, and foreign taxes, as well as the amount paid to any jurisdiction that net taxes exceed a 5% quantitative threshold. •The amendments will require the disclosure of pre-tax income disaggregated between domestic and foreign, as well as income tax expense disaggregated by federal, state, and foreign. •Effective for fiscal years beginning after December 15, 2024.•Early adoption is permitted in any annual period where financial statements have not yet been issued.•The amendments should be applied on a prospective basis but retrospective application is permitted.•Huntington does not expect adoption of the standard to have a material impact on its Consolidated Financial Statements.

108     Huntington Bancshares Incorporated

Table of Contents

3. INVESTMENT SECURITIES AND OTHER SECURITIES

Debt securities purchased in which Huntington has the intent and ability to hold to their maturity are classified as held-to-maturity securities. All other debt and equity securities are classified as either available-for-sale or other securities. The following tables provide amortized cost, fair value, and gross unrealized gains and losses by investment category.Unrealized(dollar amounts in millions)AmortizedCost (1)(2)GrossGainsGrossLossesFair ValueAt December 31, 2024Available-for-sale securities:U.S. Treasury$6,588 $11 $(43)$6,556 Federal agencies:Residential MBS11,988 — (1,971)10,017 Residential CMO3,778 1 (434)3,345