v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Asset and Liability Derivatives Included in Accrued Income and Other Assets The following table presents the fair values and notional values of all derivative instruments included in the
Unaudited Consolidated Balance Sheets. Amounts in the table below are presented gross without the impact of any
net collateral arrangements.
At June 30, 2026
At December 31, 2025
(dollar amounts in millions)
Notional Value
Asset
Liability
Notional Value
Asset
Liability
Derivatives designated as Hedging Instruments
Interest rate contracts
$43,596
$44
$207
$43,996
$109
$28
Foreign exchange contracts
273
—
5
809
4
—
Derivatives not designated as Hedging Instruments
Interest rate contracts
57,916
314
625
49,284
260
389
Foreign exchange contracts
7,956
98
76
7,085
58
60
Equity contracts
878
36
3
912
33
5
Commodities contracts
1,175
64
62
822
40
37
Credit contracts
93
3
—
139
3
—
Total contracts
$111,887
$559
$978
$103,047
$507
$519
Gains and (Losses) Recognized in Other Comprehensive Income (Loss) (OCI) for Derivatives Designated as Effective Cash Flow Hedges 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 Derivatives
Amount of Gain or (Loss) Recognized in Income on Derivatives
Three Months Ended
Six Months Ended
(dollar amounts in millions)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Interest rate contracts:
Customer
Capital markets and advisory fees
$18
$13
$30
$21
Mortgage banking
Mortgage banking income
(18)
(21)
(10)
—
Foreign exchange contracts
Capital markets and advisory fees
14
13
27
24
Equity contracts
Other noninterest income and other
noninterest expense
3
4
(4)
1
Commodities contracts
Capital markets and advisory fees
1
1
2
2
Credit contracts
Other noninterest income
(1)
(2)
(2)
(4)
Total
$17
$8
$43
$44
Gross Notional Values of Derivatives Used in Asset and Liability Management Activities The following table presents the gross notional values of derivatives used in Huntington’s asset and liability
management activities at June 30, 2026 and December 31, 2025, identified by the underlying interest rate-sensitive
instruments.
(dollar amounts in millions)
Fair Value Hedges
Cash Flow Hedges
Economic Hedges
Total
At June 30, 2026
Instruments associated with:
Investment securities
$5,622
$—
$—
$5,622
Loans
—
25,575
28
25,603
Long-term debt
12,399
—
—
12,399
Total notional value
$18,021
$25,575
$28
$43,624
At December 31, 2025
Instruments associated with:
Investment securities
$5,147
$—
$—
$5,147
Loans
—
28,250
28
28,278
Long-term debt
10,599
—
—
10,599
Total notional value
$15,746
$28,250
$28
$44,024
Increase or (Decrease) to Interest Expense for Derivatives Designated as Fair Value Hedges The following table presents the change in fair value for derivatives designated as fair value hedges as well as
the offsetting change in fair value on the hedged item.
Three Months Ended
Six Months Ended
(dollar amounts in millions)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Interest rate contracts
Change in fair value of interest rate swaps hedging investment securities (1)
$5
$(140)
$27
$(262)
Change in fair value of hedged investment securities (1)
(9)
138
(27)
261
Change in fair value of interest rate swaps hedging long-term debt (2)
(33)
72
(103)
215
Change in fair value of hedged long-term debt (2)
33
(72)
104
(215)
(1)Recognized in Interest income—available-for-sale securities—taxable in the Unaudited Consolidated Statements of Income.
(2)Recognized in Interest expense—long-term debt in the Unaudited Consolidated Statements of Income.
Amounts Recorded on the Balance Sheet Related to Cumulative Basis Adjustments The following amounts were recorded on the balance sheet related to cumulative basis adjustments for fair
value hedges.
Amortized Cost
Cumulative Amount of Fair Value Hedging
Adjustment To Hedged Items
(dollar amounts in millions)
At June 30, 2026
At December 31, 2025
At June 30, 2026
At December 31, 2025
Assets
Available-for-sale securities (1)
$15,525
$11,402
$(222)
$(177)
Liabilities
Long-term debt (2)
15,545
11,066
(173)
1
(1)Amounts represent the amortized cost basis of closed portfolios used to designate hedging relationships under the portfolio layer method. The hedged
item is a layer of the closed portfolio that is expected to be remaining at the end of the hedging relationship.
(2)Excluded from the above table are the cumulative amounts of fair value hedge adjustments remaining for long-term debt for which hedge accounting has
been discontinued in the amounts of $(35) million at June 30, 2026 and $(42) million at December 31, 2025.
MSR Derivative Hedging The notional value of the derivative financial instruments, the
corresponding trading assets and liabilities positions, and net trading gains (losses) related to MSR hedging activity
are summarized in the following tables.
(dollar amounts in millions)
At June 30, 2026
At December 31, 2025
Notional value
$2,525
$2,658
Trading liabilities
21
18
Three Months Ended
Six Months Ended
(dollar amounts in millions)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Trading gains (losses)
$8
$(6)
$(2)
$9
Offsetting of Financial Assets and Derivatives Assets The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net
amounts recognized in the Unaudited Consolidated Balance Sheets.
Offsetting of Financial Assets and Derivative Assets
Gross amounts
of recognized
assets
Gross amounts
offset in the
unaudited
consolidated
balance sheets
Net amounts of
assets
presented in
the unaudited
consolidated
balance sheets
Gross amounts not offset in the
unaudited consolidated
balance sheets
(dollar amounts in millions)
Financial
instruments
Cash collateral
received
Net amount
At June 30, 2026
$559
$(322)
$237
$(8)
$(67)
$162
At December 31, 2025
507
(260)
247
(2)
(100)
145
Offsetting of Financial Liabilities and Derivative Liabilities
Offsetting of Financial Liabilities and Derivative Liabilities
Gross amounts
of recognized
liabilities
Gross amounts
offset in the
unaudited
consolidated
balance sheets
Net amounts of
liabilities
presented in the
unaudited
consolidated
balance sheets
Gross amounts not offset in the
unaudited consolidated
balance sheets
(dollar amounts in millions)
Financial
instruments
Cash collateral
delivered
Net amount
At June 30, 2026
$978
$(238)
$740
$(256)
$(199)
$285
At December 31, 2025
519
(169)
350
(120)
(15)
215