Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 281

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 8
Chunk 281
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 (2)— — — Included in OCI— — 56 — — — Purchases/originations33 — 690 — — Repayments— — — — — (4)Settlements(40)15 (467)3 (41)— Closing balance$515 $(9)$3,611 $22 $34 $60 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$7 $2 $— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — 52 — — — (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     73

Assets and liabilities under the fair value optionThe following table presents the fair value and aggregate principal balance of certain assets and liabilities under the fair value option.TotalLoans that are 90 or more days past due(dollar amounts in millions)Fair valuecarryingamountAggregateunpaidprincipalDifferenceFair valuecarryingamountAggregateunpaidprincipalDifferenceAt September 30, 2025AssetsLoans held for sale$817 $789 $28 $— $— $— Loans held for investment171 183 (12)3 4 (1)LiabilitiesLong-term debt1,299 1,290 (9)At December 31, 2024AssetsLoans held for sale$652 $640 $12 $— $— $— Loans held for investment173 184 (11)4 4 — LiabilitiesLong-term debt821 817 (4)The following table presents the net gains (losses) from fair value changes.Three Months EndedNine Months Ended(dollar amounts in millions)ClassificationSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Loans held for sale Mortgage banking income$1 $5 $16 $2 Loans held for investment Mortgage banking income— — (