Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 213

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 213
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 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 six-month periods ended June 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 we have elected the fair value option.

2025 2Q Form 10-Q     69

Table of Contents

Fair Value Measurements at Reporting Date UsingNetting Adjustments (1)Total(dollar amounts in millions)Level 1Level 2Level 3At June 30, 2025AssetsTrading account securities:U.S. Treasury securities$368 $— $— $— $368 Other trading account securities— 113 — — 113 Total trading account securities368 113 — — 481 Available-for-sale securities:U.S. Treasury securities7,384 — — — 7,384 Residential MBS— 9,841 — — 9,841 Residential CMO— 4,568 — — 4,568 Commercial MBS— 1,774 — — 1,774 Other agencies— 117 — — 117 Municipal securities— 25 4,067 — 4,092 Corporate debt— 172 — — 172 Asset-backed securities— 229 38 — 267 Private-label CMO— 84 21 — 105 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities7,384 16,820 4,126 — 28,330 Other securities29 2 — — 31 Loans held for sale— 867 — — 867 Loans held for investment— 110 62 — 172 MSRs— — 567 — 567 Other assets:Derivative assets—