Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 80

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 80
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 of systemic events unrelated to us that could have an effect on our access to liquidity would be terrorism or war, natural disasters, political events, failure of a major financial institution, or the default or bankruptcy of a major corporation, mutual fund, or hedge fund. Similarly, market speculation or rumors about us, or the banking industry in general, may adversely affect the cost and availability of normal funding sources. The contingency funding plan, which is reviewed and approved by the ROC at least annually, outlines the process for addressing a liquidity crisis and provides for an evaluation of funding sources under various market conditions. It also assigns specific roles and responsibilities and communication protocols for effectively managing liquidity through a problem period and outlines early warning indicators that are used to monitor emerging liquidity stress events.

Deposits

Our largest source of liquidity on a consolidated basis is customer deposits, which provide stable and lower-cost funding. Our customer deposits come from a base of primary bank customer relationships, and we continue to focus on acquiring and deepening those relationships resulting in a diversified deposit base. Total deposits were $165.3 billion at March 31, 2025, compared to $162.4 billion at December 31, 2024. The $2.9 billion, or 2%, increase in total deposits, compared to December 31, 2024 was driven by increases in demand, money market, and savings deposits, partially offset by lower time deposits. Total deposits included $7.3 billion of brokered deposits primarily consisting of brokered money market balances at March 31, 2025, compared to $7.0 billion at December 31, 2024. The level of brokered deposits was below our established liquidity risk metric limits at March 31, 2025.

Insured deposits comprised approximately 71% and 69% of our total deposits at March 31, 2025 and December 31, 2024, respectively. The composition of our deposits is presented in the table below.

Table 17 - Deposit Composition(dollar amounts in millions)At March 31, 2025At December 31, 2024By type:Demand deposits—noninterest-bearing$30,217 18 %$29,345 18 %Demand deposits—interest-bearing44,992 28 43,378 27 Money market deposits61,608 37 60,730 37 Savings deposits15,179 9 14,723 9 Time deposits13,341 8