Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 161

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 161
---
Closing balance$543 $1 $3,341 $20 $35 $60 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$32 $— $— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — (16)— — — (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 2Q Form 10-Q     73

Table of Contents

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 June 30, 2025AssetsLoans held for sale$867 $840 $27 $— $— $— Loans held for investment172 184 (12)4 5 (1)LiabilitiesLong-term debt1,014 1,005 (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 EndedSix Months Ended(dollar amounts in millions)ClassificationJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Loans held for sale Mortgage banking income$9 $4 $15 $(3)Loans held for investment Mortgage banking income— — (1)(1)Long-term debtOther noninterest income(4)(2)(5)(2)Assets and Liabilities measured at fair value on a nonrecurring basisCertain assets and liabilities may be required to be measured at fair value on a nonrecurring basis in periods subsequent to their initial recognition. These assets and liabilities are