Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 153

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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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.•Requires disclosure of 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. •Requires disclosure of pre-tax income disaggregated between domestic and foreign tax jurisdictions, as well as income tax expense disaggregated by federal, state, and foreign jurisdictions. •Effective for fiscal years beginning after December 15, 2024, with first disclosure additions to be included in the 2025 Annual Report on Form 10-K.•The amendments should be applied on a prospective basis, but retrospective application is permitted.•The adoption will not result in a material impact on Huntington’s Consolidated Financial Statements.

2025 1Q Form 10-Q     43

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 March 31, 2025Available-for-sale securities:U.S. Treasury$6,625 $28 $(14)$6,639 Federal agencies:Residential MBS11,727 2 (1,700)10,029 Residential CMO4,198 1 (377)3,822 Commercial MBS2,514 — (719)1,795 Other agencies127 — (4)123 Total U.S. Treasury, federal agency, and other agency securities25,191 31 (2,814)22,408 Municipal securities4,088 — (126)3,962 Corporate debt1,138 — (86)1,052 Asset-backed securities313 — (15)298 Private-label CMO117 1 (9)109 Other securities/sovereign debt10 — — 10 Total available-for-sale securities$