Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 180

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 180
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 netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.

64     Huntington Bancshares Incorporated

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 March 31, 2025Opening balance$573 $2 $3,954 $21 $49 $61 Transfers into Level 3— — — — — 3 Transfers out of Level 3 (1)— (7)— — — — Total gains/losses for the period:Included in earnings:Mortgage banking income(15)10 — — — — Other noninterest income— (5)— — — — Included in OCI— — 5 — — — Purchases/originations20 — 218 — — — Repayments— — — — — (1)Settlements(14)3 (248)1 (2)— Closing balance$564 $3 $3,929 $22 $47 $63 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$(15)$3 $— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — 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