Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 69

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 69
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 — — 11,382 Residential CMO— 3,184 — — 3,184 Commercial MBS— 1,827 — — 1,827 Other agencies— 155 — — 155 Municipal securities— 38 3,335 — 3,373 Corporate debt— 2,043 — — 2,043 Asset-backed securities— 281 75 — 356 Private-label CMO— 99 20 — 119 Other securities/sovereign debt— 10 — — 10 Total available-for-sale securities2,856 19,019 3,430 — 25,305 Other securities30 2 — — 32 Loans held for sale— 506 — — 506 Loans held for investment— 120 54 — 174 MSRs— — 515 — 515 Other assets:Derivative assets— 1,720 3 (1,330)393 Assets held in trust for deferred compensation plans177 — — — 177 LiabilitiesDerivative liabilities— 1,416 5 (751)670 (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.

2024 Form 10-K     141

Table of Contents

The following tables present 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-labelCMOAsset-backedsecuritiesYear Ended December 31, 2024Opening balance$515 $(2)$3,335 $20 $75 $54 Transfers into Level 3— — — — — 13 Transfers out of Level