Fourth Quarter Investor Presentation
Securities Portfolio
Average Securities + Cash (1)
Average Securities Cash
EOP
$54.4
$47.5 $47.3
$4.9 $6.3 $7.7
$49.6
$12.7
$50.8 $52.0
$10.8 $11.1 $11.4
$50.3
$42.6
$41.1 $41.9 $41.7 $40.0
$40.9 $38.9
3Q22
4Q22
1Q23
2Q23
3Q23
6/30
9/30
Sec+ Cash %
Assets (ADB)
26%
26%
27%
29%
27%
Sec Yields %
2.74% 3.26% 3.56% 3.82% 4.15%
Securities Portfolio Composition (3Q23)
ABS
Corporates 1%
Other
2%
5%
Munis
9%
Note: $ in billions unless otherwise noted
See notes on slide 61
Highlights
Securities duration 4.5 years; net of hedging 3.6 years
Strategically lowered portfolio duration since 2021
Securities yields increased 33 bps QoQ
Cash flows from securities portfolio in 3Q23 remained in cash
42% of portfolio classified as HTM to protect capital
AFS portfolio hedged with pay fixed swaps; reduces duration
risk and protects OCI / capital and liquidity
Components of Fair Value (FV) Mark
Securities
(cost)
Unrealized
gain/(loss)
Hedge FV
(unallocated)
Net
Impact
AFS
$26.3
($4.4)
$0.9
($3.5)
UST and Agency
Debt
3Q23
HTM
$16.1
($2.8)
($2.8)
83%
Total
$42.4
($7.2)
$0.9
($6.3)
Excludes Other Securities; pre-tax
2023 Fourth Quarter Investor Presentation | 35
HuntingtonView entire presentation