Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 229

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 229
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 at fair value on a recurring basis

62     Huntington Bancshares Incorporated

The following tables present our assets and liabilities measured at fair value on a recurring basis, including instruments we have elected the fair value option.Fair Value Measurements at Reporting Date UsingNetting Adjustments (1)Total(dollar amounts in millions)Level 1Level 2Level 3At March 31, 2025AssetsTrading account securities:U.S. Treasury securities$348 $— $— $— $348 Other trading account securities— 129 — — 129 Total trading account securities348 129 — — 477 Available-for-sale securities:U.S. Treasury securities6,639 — — — 6,639 Residential MBS— 10,029 — — 10,029 Residential CMO— 3,822 — — 3,822 Commercial MBS— 1,795 — — 1,795 Other agencies— 123 — — 123 Municipal securities— 33 3,929 — 3,962 Corporate debt— 1,052 — — 1,052 Asset-backed securities— 251 47 — 298 Private-label CMO— 87 22 — 109 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities6,639 17,202 3,998 — 27,839 Other securities29 2 — — 31 Loans held for sale— 555 — — 555 Loans held for investment— 112 63 — 175 MSRs— — 564 — 564 Other assets:Derivative assets— 500 7 (359)148 Assets held in trust for deferred compensation plans187 — — — 187 LiabilitiesShort-term borrowings (2)514 10 — — 524 Long-term debt— 1,143 — — 1,143 Derivative liabilities— 594 4 (145)453 (1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.(2)Includes debt