Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 31

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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’s 2024 Annual Report on Form 10-K for a description of the valuation methodologies used for instruments measured at fair value. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. There were no such transfers during the three-month periods ended March 31, 2025 and 2024.Assets and Liabilities measured 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