The company said Huntington completed the sale of approximately $1.0 billion of corporate debt investment securities and related hedges as part of repositioning a portion of its corporate debt investment securities portfolio.

8-KRegulation FD DisclosureFiled Dec 20, 2024Period of report Dec 20, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said Huntington completed the sale of approximately $1.0 billion of corporate debt investment securities and related hedges as part of repositioning a portion of its corporate debt investment securities portfolio.
The company said the sale will result in a pre-tax loss of approximately $20 million, which will be recognized within noninterest income in Q4 2024.
The company said the sale will be beneficial to common equity tier 1 capital.
The company said it plans to reinvest the sale proceeds in 0% risk-weighted investment securities, with an expected earn-back from the transaction of approximately 2 years.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Huntington Completes Sale of About $1.0 billion in Corporate Debt Securities

The company said Huntington completed the sale of approximately $1.0 billion of corporate debt investment securities and related hedges as part of repositioning a portion of its corporate debt investment securities portfolio.

Source · Based on the filing body and exhibits

Pre-Tax Loss of About $20 million to Be Recognized in Q4 2024 Noninterest Income

The company said the sale will result in a pre-tax loss of approximately $20 million, which will be recognized within noninterest income in Q4 2024.

Source · Based on the filing body and exhibits

Sale and Common Equity Tier 1 Capital

The company said the sale will be beneficial to common equity tier 1 capital.

Source · Based on the filing body and exhibits

Reinvestment in 0% Risk-Weighted Investment Securities and Expected 2-Year Earn-Back

The company said it plans to reinvest the sale proceeds in 0% risk-weighted investment securities, with an expected earn-back from the transaction of approximately 2 years.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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