Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 34

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 — 4 — — — Three months ended March 31, 2024Opening balance$515 $(2)$3,335 $20 $75 $54 Transfers into Level 3— — — — — 4 Transfers out of Level 3 (1)— (5)— — — — Total gains/losses for the period:Included in earnings:Mortgage banking income20 7 — — — — Other noninterest income— (2)— — — — Included in OCI— — 19 — — — Purchases/originations10 — 72 — — — Settlements(11)6 (133)— (3)— Closing balance$534 $4 $3,293 $20 $72 $58 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$20 $1 $— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — 18 — — — (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 1Q Form 10-Q     65

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 March 31, 2025AssetsLoans held for sale$555 $537 $18 $— $— $— Loans held for investment175 187 (12)4 5 (1)LiabilitiesLong-term debt1,143 1,138 (5)At December 31, 2024AssetsLoans held for sale$652 $640 $12 $— $— $— Loans held for investment173 184 (11)4 4