Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 40

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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31 Loans held for sale— 652 — — 652 Loans held for investment— 112 61 — 173 MSRs— — 573 — 573 Other assets:Derivative assets— 606 4 (344)266 Assets held in trust for deferred compensation plans191 — — — 191 LiabilitiesLong-term debt— 821 — — 821 Derivative liabilities— 666 2 (90)578 (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.

2025 2Q Form 10-Q     71

Table of Contents

The following table presents a rollforward of the balance sheet amounts measured at fair value on a recurring basis and classified as Level 3. The classification of an item as Level 3 is based on the significance of the unobservable inputs to the overall fair value measurement. However, Level 3 measurements may also include observable components of value that can be validated externally. Accordingly, the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology.Level 3 Fair Value MeasurementsAvailable-for-sale securitiesLoans held for investment(dollar amounts in millions)MSRsDerivativeinstrumentsMunicipalsecuritiesPrivate-label CMOAsset-backedsecuritiesThree months ended June 30, 2025Opening balance$564 $3 $3,929 $22 $47 $63 Transfers into Level 3— — — — — 1 Transfers out of Level 3 (1)— (10)— — — — Total gains/losses for the period:Included in earnings:Interest and fee income— — (1)— — — Mortgage banking income— 12 — — — — Other noninterest income— (1)— — — — Included in OCI— — 12 — — — Purchases/originations20 — 421 — — — Repayments— — — — — (2)Settlements(17)3 (294)(1)(9)— Closing balance$567 $7 $4,067 $