Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 276

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 8
Chunk 276
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 (2)7 Net revenue from contracts with customers828 233 (3)1,058 Noninterest income within the scope of other GAAP topics140 257 26 423 Total noninterest income$968 $490 $23 $1,481 

Huntington generally provides services for customers in which it acts as principal. Payment terms and conditions vary amongst services and customers, and thus impact the timing and amount of revenue recognition. Some fees may be paid before any service is rendered and accordingly, such fees are deferred until the obligations pertaining to those fees are satisfied. Most Huntington contracts with customers are cancelable by either party without penalty or they are short-term in nature, with a contract duration of less than one year. Accordingly, most revenue deferred for the reporting period ended September 30, 2025 is expected to be earned within one year. Huntington does not have significant balances of contract assets or contract liabilities and any change in those balances during the reporting period ended September 30, 2025 was determined to be immaterial.

13. FAIR VALUES OF ASSETS AND LIABILITIES

See Note 18 - “Fair Value of Assets and Liabilities” to the Consolidated Financial Statements appearing in Huntington’s 2024 Annual Report on Form 10-K for a description of the valuation methodologies used for instruments measured at fair value. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. There were no such transfers during the three-month and nine-month periods ended September 30, 2025 and 2024.Assets and Liabilities measured at fair value on a recurring basisThe following tables present our assets and liabilities measured at fair value on a recurring basis, including instruments where we have elected the fair value option.

2025 3Q Form 10-Q     69

Fair Value Measurements at Reporting Date UsingNetting Adjustments (1)Total(dollar amounts in millions)Level 1Level 2Level 3At September 30, 2025AssetsTrading account securities$2 $79 $— $— $81 Available-for-sale securities:U.S. Treasury securities5,410 — — — 5,410 Residential MBS— 9,675 — — 9,675 Residential CMO— 4,442 — — 4,442 Commercial MBS— 1,782