| OTHER COMPREHENSIVE INCOME |
OTHER COMPREHENSIVE INCOME The following table summarizes the components of Huntington’s OCI.
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| (dollar amounts in millions) |
Pretax |
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Tax (expense) benefit |
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After-tax |
| Three months ended June 30, 2025 |
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| Unrealized gains on available-for-sale securities arising during the period, net of hedges |
$ |
65 |
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$ |
(17) |
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$ |
48 |
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| Reclassification adjustment for realized net losses included in net income |
65 |
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(16) |
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49 |
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| Total unrealized gains on available-for-sale securities, net of hedges |
130 |
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(33) |
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97 |
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| Unrealized gains on cash flow hedges during the period |
99 |
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(24) |
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75 |
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| Reclassification adjustment for cash flow hedges included in net income |
11 |
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(3) |
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8 |
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| Net change related to cash flow hedges on loans |
110 |
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(27) |
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83 |
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| Translation adjustments, net of hedges (1) |
8 |
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(2) |
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6 |
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| Change in accumulated unrealized gains for pension and other post-retirement obligations |
1 |
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— |
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1 |
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| Other comprehensive income |
$ |
249 |
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$ |
(62) |
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$ |
187 |
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| Three months ended June 30, 2024 |
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| Unrealized losses on available-for-sale securities during the period, net of hedges |
$ |
(93) |
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$ |
21 |
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$ |
(72) |
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| Reclassification adjustment for realized net losses included in net income |
2 |
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— |
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2 |
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| Total unrealized losses on available-for-sale securities, net of hedges |
(91) |
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21 |
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(70) |
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| Unrealized losses on cash flow hedges during the period |
(20) |
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5 |
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(15) |
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| Reclassification adjustment for cash flow hedges included in net income |
68 |
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(16) |
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52 |
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| Net change related to cash flow hedges on loans |
48 |
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(11) |
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37 |
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| Change in accumulated unrealized gains for pension and other post-retirement obligations |
1 |
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— |
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1 |
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| Other comprehensive loss |
$ |
(42) |
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$ |
10 |
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$ |
(32) |
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| Six months ended June 30, 2025 |
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| Unrealized gains on available-for-sale securities arising during the period, net of hedges |
$ |
394 |
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$ |
(93) |
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$ |
301 |
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| Reclassification adjustment for realized net losses included in net income |
67 |
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(16) |
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51 |
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| Total unrealized gains on available-for-sale securities, net of hedges |
461 |
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(109) |
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352 |
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| Unrealized gains on cash flow hedges during the period |
301 |
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(71) |
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230 |
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| Reclassification adjustment for cash flow hedges included in net income |
39 |
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(9) |
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30 |
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| Net change related to cash flow hedges on loans |
340 |
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(80) |
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260 |
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| Translation adjustments, net of hedges (1) |
9 |
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(2) |
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7 |
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| Change in accumulated unrealized gains for pension and other post-retirement obligations |
1 |
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— |
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1 |
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| Other comprehensive income |
$ |
811 |
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$ |
(191) |
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$ |
620 |
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| Six months ended June 30, 2024 |
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| Unrealized losses on available-for-sale securities arising during the period, net of hedges |
$ |
(263) |
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$ |
61 |
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$ |
(202) |
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| Reclassification adjustment for realized net losses included in net income |
5 |
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(1) |
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4 |
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| Total unrealized losses on available-for-sale securities, net of hedges |
(258) |
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60 |
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(198) |
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| Unrealized losses on cash flow hedges during the period |
(181) |
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42 |
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(139) |
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| Reclassification adjustment for cash flow hedges included in net income |
135 |
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(32) |
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103 |
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| Net change related to cash flow hedges on loans |
(46) |
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10 |
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(36) |
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| Translation adjustments, net of hedges (1) |
(2) |
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— |
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(2) |
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| Change in accumulated unrealized gains for pension and other post-retirement obligations |
1 |
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— |
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1 |
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| Other comprehensive loss |
$ |
(305) |
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$ |
70 |
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$ |
(235) |
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(1)A portion of foreign investments are deemed to be permanent in nature and, therefore, Huntington does not provide for taxes on this portion of foreign currency translation adjustments.
The following table summarizes the activity in AOCI.
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| (dollar amounts in millions) |
Unrealized gains (losses) on available-for-sale securities, net of hedges (1) |
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Net change related to cash flow hedges on loans |
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Translation adjustments, net of hedges |
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Unrealized losses for pension and other post-retirement obligations |
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Total |
| Three months ended June 30, 2025 |
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| Balance, beginning of period |
$ |
(2,110) |
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$ |
(90) |
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$ |
(11) |
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$ |
(222) |
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$ |
(2,433) |
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| Other comprehensive income before reclassifications |
48 |
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75 |
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6 |
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1 |
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130 |
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| Amounts reclassified from AOCI to earnings |
49 |
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8 |
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— |
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— |
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57 |
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| Period change |
97 |
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83 |
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6 |
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1 |
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187 |
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| Balance, end of period |
$ |
(2,013) |
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$ |
(7) |
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$ |
(5) |
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$ |
(221) |
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$ |
(2,246) |
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| Three months ended June 30, 2024 |
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| Balance, beginning of period |
$ |
(2,222) |
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$ |
(436) |
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$ |
(8) |
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$ |
(213) |
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$ |
(2,879) |
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| Other comprehensive loss before reclassifications |
(72) |
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(15) |
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— |
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— |
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(87) |
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| Amounts reclassified from AOCI to earnings |
2 |
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52 |
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— |
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1 |
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55 |
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| Period change |
(70) |
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37 |
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— |
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1 |
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(32) |
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| Balance, end of period |
$ |
(2,292) |
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$ |
(399) |
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$ |
(8) |
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$ |
(212) |
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$ |
(2,911) |
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| Six months ended June 30, 2025 |
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| Balance, beginning of period |
$ |
(2,365) |
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$ |
(267) |
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$ |
(12) |
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$ |
(222) |
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$ |
(2,866) |
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| Other comprehensive income before reclassifications |
301 |
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|
230 |
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7 |
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1 |
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539 |
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| Amounts reclassified from AOCI to earnings |
51 |
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|
30 |
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— |
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— |
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|
81 |
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| Period change |
352 |
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|
260 |
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7 |
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1 |
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620 |
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| Balance, end of period |
$ |
(2,013) |
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$ |
(7) |
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$ |
(5) |
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$ |
(221) |
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$ |
(2,246) |
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| Six months ended June 30, 2024 |
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| Balance, beginning of period |
$ |
(2,094) |
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$ |
(363) |
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$ |
(6) |
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$ |
(213) |
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$ |
(2,676) |
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| Other comprehensive loss before reclassifications |
(202) |
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(139) |
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(2) |
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— |
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(343) |
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| Amounts reclassified from AOCI to earnings |
4 |
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|
103 |
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— |
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1 |
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|
108 |
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| Period change |
(198) |
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(36) |
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(2) |
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1 |
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(235) |
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| Balance, end of period |
$ |
(2,292) |
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$ |
(399) |
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$ |
(8) |
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$ |
(212) |
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$ |
(2,911) |
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(1)AOCI amounts at June 30, 2025 and June 30, 2024 include $47 million and $54 million, respectively, of net unrealized losses (after-tax) on securities transferred from the AFS securities portfolio to the HTM securities portfolio. The net unrealized losses will be recognized in earnings over the remaining life of the security using the effective interest method.
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