Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 43

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 period— — 68 — — — (1)Transfers out of Level 3 represent the settlement value of the derivative instruments (i.e., interest rate lock agreements) that are transferred to loans held for sale, which is classified as Level 2.

2025 3Q Form 10-Q     72

Level 3 Fair Value MeasurementsAvailable-for-sale securitiesLoans held for investment(dollar amounts in millions)MSRsDerivativeinstrumentsMunicipalsecuritiesPrivate- label CMOAsset-backedsecuritiesNine months ended September 30, 2025Opening balance$573 $2 $3,954 $21 $49 $61 Transfers into Level 3— — — — — 7 Transfers out of Level 3 (1)— (31)— — — — Total gains (losses) for the period:Included in earnings:Interest and fee income— — (1)— — — Mortgage banking income(16)34 — — — — Other noninterest income— (10)— — — — Included in OCI— — 52 — — — Purchases/originations67 — 799 — — — Repayments— — — — — (5)Settlements(48)8 (714)2 (11)— Closing balance$576 $3 $4,090 $23 $38 $63 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$(16)$4 $— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — 48 — — — Nine months ended September 30, 2024Opening balance$515 $(2)$3,335 $20 $75 $54 Transfers into Level 3— — — — — 11 Transfers out of Level 3 (1)— (19)— — — — Total gains (losses) for the period:Included in earnings:Interest and fee income— — (1)(1)— (1)Mortgage banking