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FAIR VALUES OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2026

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present our assets and liabilities measured at fair value on a recurring basis, including

instruments where we have elected the fair value option.


	Fair Value Measurements at Reporting Date Using			Netting Adjustments (1)	Total
(dollar amounts in millions)	Level 1	Level 2	Level 3	Netting Adjustments (1)	Total
At March 31, 2026
Assets
Trading account securities	$30	$169	$—	$—	$199
Available-for-sale securities:
U.S. Treasury	8,486	—	—	—	8,486
Residential MBS	—	12,597	—	—	12,597
Residential CMO	—	6,448	—	—	6,448
Commercial MBS	—	2,705	—	—	2,705
Other agencies	—	519	—	—	519
Municipal securities	—	87	4,251	—	4,338
Corporate debt	—	176	—	—	176
Asset-backed securities	—	163	19	—	182
Private-label CMO	—	76	20	—	96
Other securities/sovereign debt	—	10	—	—	10
Total available-for-sale securities	8,486	22,781	4,290	—	35,557
Other securities	29	35	—	—	64
Loans held for sale	—	1,068	—	—	1,068
Loans held for investment	—	105	61	—	166
MSRs	—	—	735	—	735
Other assets:
Derivative assets	—	551	10	(295)	266
Assets held in trust for deferred compensation plans	212	—	—	—	212
Liabilities
Short-term borrowings	261	22	—	—	283
Long-term debt	—	1,434	—	—	1,434
Derivative liabilities	—	568	4	(175)	397

(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.


	Fair Value Measurements at Reporting Date Using			Netting Adjustments (1)	Total
(dollar amounts in millions)	Level 1	Level 2	Level 3	Netting Adjustments (1)	Total
At December 31, 2025
Assets
Trading account securities	$—	$63	$—	$—	$63
Available-for-sale securities:
U.S. Treasury	4,635	—	—	—	4,635
Residential MBS	—	9,669	—	—	9,669
Residential CMO	—	5,197	—	—	5,197
Commercial MBS	—	1,831	—	—	1,831
Other agencies	—	150	—	—	150
Municipal securities	—	82	4,061	—	4,143
Corporate debt	—	178	—	—	178
Asset-backed securities	—	193	28	—	221
Private-label CMO	—	79	19	—	98
Other securities/sovereign debt	—	10	—	—	10
Total available-for-sale securities	4,635	17,389	4,108	—	26,132
Other securities	30	12	—	—	42
Loans held for sale	—	885	—	—	885
Loans held for investment	—	105	62	—	167
MSRs	—	—	593	—	593
Other assets:
Derivative assets	—	499	8	(260)	247
Assets held in trust for deferred compensation plans	216	—	—	—	216
Liabilities
Short-term borrowings	131	7	—	—	138
Long-term debt	—	1,161	—	—	1,161
Derivative liabilities	—	514	5	(169)	350

(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.

Rollforward of Financial Instruments Measured on a Recurring Basis and Classified as Level 3

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 Measurements
			Available-for-sale securities			Loans held for investment
(dollar amounts in millions)	MSRs	Derivative instruments	Municipal securities	Private- label CMO	Asset-backed securities	Loans held for investment
Three months ended March 31, 2026
Opening balance	$593	$3	$4,061	$19	$28	$62
Transfers into Level 3	—	—	—	—	—	1
Transfers out of Level 3 (1)	—	(13)	—	—	—	—
Total gains (losses) for the period:
Included in earnings:
Mortgage banking income	(5)	13	—	—	—	—
Included in OCI	—	—	(26)	—	—	—
Acquisition	140	1	—	—	—	—
Purchases/originations	28	—	326	—	—	—
Repayments	—	—	—	—	—	(2)
Settlements	(21)	2	(110)	1	(9)	—
Closing balance	$735	$6	$4,251	$20	$19	$61
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date	$(5)	$1	$—	$—	$—	$—
Change in unrealized gains (losses) for the period included in other comprehensive income for assets held at the end of the reporting period	—	—	(26)	—	—	—
Three months ended March 31, 2025
Opening 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/originations	20	—	218	—	—	—
Repayments	—	—	—	—	—	(1)
Settlements	(14)	3	(248)	1	(2)	—
Closing balance	$564	$3	$3,929	$22	$47	$63
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date	$(15)	$3	$—	$—	$—	$—
Change in unrealized gains (losses) for the period included in other comprehensive income for assets held at the end of the reporting period	—	—	4	—	—	—

(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.

Assets and Liabilities Under the Fair Value Option

The following table presents the fair value and aggregate principal balance of certain assets and liabilities under

the fair value option.


	Total Loans			Loans that are 90 or more days past due
(dollar amounts in millions)	Fair value carrying amount	Aggregate unpaid principal	Difference	Fair value carrying amount	Aggregate unpaid principal	Difference
At March 31, 2026
Assets
Loans held for sale	$1,068	$1,046	$22	$—	$—	$—
Loans held for investment	166	177	(11)	5	6	(1)
Liabilities
Long-term debt	1,434	1,433	(1)
At December 31, 2025
Assets
Loans held for sale	$885	$855	$30	$—	$—	$—
Loans held for investment	167	179	(12)	3	4	(1)
Liabilities
Long-term debt	1,161	1,151	(10)

The following table presents the net gains (losses) from fair value changes.


		Three Months Ended
(dollar amounts in millions)	Classification	March 31, 2026	March 31, 2025
Loans held for sale	Mortgage banking income	$(8)	$6
Loans held for investment	Mortgage banking income	1	(1)
Long-term debt	Other noninterest income	9	(1)

Assets Measured at Fair Value on a Nonrecurring Basis

The amounts measured at fair value on a nonrecurring basis were as follows.


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)		Total Losses
			Three Months Ended
(dollar amounts in millions)	At March 31, 2026	At December 31, 2025	March 31, 2026	March 31, 2025
Collateral-dependent loans	$168	$74	$(37)	$(23)

Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Inputs

The following table presents quantitative information about the significant unobservable inputs for assets and

liabilities measured at fair value.


Quantitative Information about Level 3 Fair Value Measurements (1)
			At March 31, 2026				At December 31, 2025
(dollar amounts in millions)	Valuation Technique	Significant Unobservable Input	Range			Weighted Average	Range			Weighted Average
Measured at fair value on a recurring basis:
MSRs	Discounted cash flow	Constant prepayment rate	7%	-	23%	8%	6%	-	61%	8%
		Spread over forward interest rate swap rates	5%	-	11%	5%	5%	-	11%	5%
Municipal securities and asset- backed securities	Discounted cash flow	Discount rate	4%	-	5%	4%	4%	-	4%	4%
		Cumulative default	—%	-	64%	3%	—%	-	64%	3%

(1) Certain disclosures related to quantitative level 3 fair value measurements do not include those deemed to be immaterial.

(2) The range is not meaningful for this unobservable input.

Carrying Amounts and Estimated Fair Values of Financial Instruments

The following table provides the carrying amounts and estimated fair values of Huntington’s financial

instruments.


(dollar amounts in millions)	Amortized Cost	Lower of Cost or Market	Fair Value or Fair Value Option	Total Carrying Amount	Estimated Fair Value
At March 31, 2026
Financial Assets
Cash and short-term assets	$19,675	$—	$—	$19,675	$19,675
Trading account securities	—	—	199	199	199
Available-for-sale securities	—	—	35,557	35,557	35,557
Held-to-maturity securities	14,768	—	—	14,768	13,090
Other securities	1,217	—	64	1,281	1,281
Loans held for sale	—	5	1,068	1,073	1,073
Net loans and leases (1)	185,409	—	166	185,575	184,648
Derivative assets	—	—	266	266	266
Assets held in trust for deferred compensation plans	—	—	212	212	212
Financial Liabilities
Deposits (2)	223,482	—	—	223,482	223,471
Short-term borrowings	1,592	—	283	1,875	1,875
Long-term debt	20,160	—	1,434	21,594	21,760
Derivative liabilities	—	—	397	397	397
At December 31, 2025
Financial Assets
Cash and short-term assets	$14,078	$—	$—	$14,078	$14,078
Trading account securities	—	—	63	63	63
Available-for-sale securities	—	—	26,132	26,132	26,132
Held-to-maturity securities	15,258	—	—	15,258	13,636
Other securities	952	—	42	994	994
Loans held for sale	—	530	885	1,415	1,420
Net loans and leases (1)	146,938	—	167	147,105	146,273
Derivative assets	—	—	247	247	247
Assets held in trust for deferred compensation plans	—	—	216	216	216
Financial Liabilities
Deposits (2)	176,610	—	—	176,610	176,610
Short-term borrowings	1,123	—	138	1,261	1,261
Long-term debt	16,060	—	1,161	17,221	17,479
Derivative liabilities	—	—	350	350	350

(1)Includes collateral-dependent loans.

(2)Includes $4.2 billion and $2.1 billion in time deposits in excess of the FDIC insurance coverage limit at March 31, 2026 and December 31, 2025,

respectively.

The following table presents the level in the fair value hierarchy for the estimated fair values.


	Estimated Fair Value Measurements at Reporting Date Using			Netting	Estimated Fair Value
(dollar amounts in millions)	Level 1	Level 2	Level 3	Adjustments (1)	Estimated Fair Value
At March 31, 2026
Financial Assets
Trading account securities	$30	$169	$—	$—	$199
Available-for-sale securities	8,486	22,781	4,290	—	35,557
Held-to-maturity securities	2,163	10,927	—	—	13,090
Other securities (2)	29	35	—	—	64
Loans held for sale	—	1,068	5	—	1,073
Net loans and leases	—	105	184,543	—	184,648
Derivative assets	—	551	10	(295)	266
Financial Liabilities
Deposits	—	193,967	29,504	—	223,471
Short-term borrowings	261	1,614	—	—	1,875
Long-term debt	—	13,975	7,785	—	21,760
Derivative liabilities	—	568	4	(175)	397
At December 31, 2025
Financial Assets
Trading account securities	$—	$63	$—	$—	$63
Available-for-sale securities	4,635	17,389	4,108	—	26,132
Held-to-maturity securities	2,368	11,268	—	—	13,636
Other securities (2)	30	12	—	—	42
Loans held for sale	—	885	535	—	1,420
Net loans and leases	—	105	146,168	—	146,273
Derivative assets	—	499	8	(260)	247
Financial Liabilities
Deposits	—	158,472	18,138	—	176,610
Short-term borrowings	131	1,130	—	—	1,261
Long-term debt	—	12,336	5,143	—	17,479
Derivative liabilities	—	514	5	(169)	350

(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.

(2)Excludes securities without readily determinable fair values.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details