Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 278

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 8
Chunk 278
---
,345 Commercial MBS— 1,752 — — 1,752 Other agencies— 130 — — 130 Municipal securities— 34 3,954 — 3,988 Corporate debt— 1,055 — — 1,055 Asset-backed securities— 262 49 — 311 Private-label CMO— 88 21 — 109 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities6,556 16,693 4,024 — 27,273 Other securities29 2 — — 31 Loans held for sale— 652 — — 652 Loans held for investment— 112 61 — 173 MSRs— — 573 — 573 Other assets:Derivative assets— 606 4 (344)266 Assets held in trust for deferred compensation plans191 — — — 191 LiabilitiesLong-term debt— 821 — — 821 Derivative liabilities— 666 2 (90)578 (1)Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.

2025 3Q Form 10-Q     71

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 September 30, 2025Opening balance$567 $7 $4,067 $21 $38 $62 Transfers into Level 3— — — — — 3 Transfers out of Level 3 (1)— (14)— — — —