Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 71

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 71
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,335 $20 $75 $54 Change in unrealized gains or losses for the period included in earnings for assets held at end of the reporting date$7 $(3)$— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — 47 — 1 — Level 3 Fair Value Measurements   Available-for-sale securitiesLoans held for investment(dollar amounts in millions)MSRsDerivativeinstrumentsMunicipalsecuritiesPrivatelabel CMOAsset-backedsecuritiesYear Ended December 31, 2022Opening balance$351 $4 $3,477 $20 $70 $19 Transfers out of Level 3 (1)— (3)— — — — Total gains/losses for the period:Included in earnings:Interest and fee income— — (5)(3)— — Provision for credit losses— — (4)— — — Mortgage banking income114 (3)— — — 1 Included in OCI— — (262)— (1)— Purchases/originations85 — 1,087 4 31 — Repayments— — — — — (4)Settlements(56)— (1,045)(1)(26)— Closing balance$494 $(2)$3,248 $20 $74 $16 Change in unrealized gains or losses for the period included in earnings (or changes in net assets) for assets held at end of the reporting date$114 $(8)$— $— $— $— Change in unrealized gains or losses for the period included in other comprehensive income for assets held at the end of the reporting period— — (257)— (1)— (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. 

2024 Form 10-K     143

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. Total LoansLoans that