Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 10

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 HTM securities totaled $82 million and $46 million, respectively.(2)Excluded from the amortized cost are portfolio level basis adjustments for securities designated in fair value hedges under the portfolio layer method. The basis adjustments totaled $197 million and represent a reduction to the amortized cost of the securities being hedged. The securities being hedged under the portfolio layer method are primarily Residential CMO and Residential MBS securities.

2025 2Q Form 10-Q     49

Table of Contents

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 Commercial MBS2,519 — (767)1,752 Other agencies135 — (5)130 Total U.S. Treasury, federal agency, and other agency securities25,008 12 (3,220)21,800 Municipal securities4,119 1 (132)3,988 Corporate debt1,157 — (102)1,055 Asset-backed securities330 — (19)311 Private-label CMO119 — (10)109 Other securities/sovereign debt10 — — 10 Total available-for-sale securities$30,743 $13 $(3,483)$27,273 Held-to-maturity securities:U.S. Treasury$2,045 $— $(22)$2,023 Federal agencies:Residential MBS8,533 — (1,336)7,197 Residential CMO4,309 3 (691)3,621 Commercial MBS1,407 — (231)1,176 Other agencies73 — (5)68 Total U.S. Treasury, federal agency, and other agency securities16,367 3 (2,285)14,085 Municipal securities1 — — 1 Total held-to-maturity securities$16,368 $3 $(2,285)$14,086 Other securities, at cost: