XML 17 R8.htm IDEA: XBRL DOCUMENT v3.26.1
FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Investment, Fair Value and NAV [Line Items]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Investments measured on a recurring basis and categorized as Level 1 and Level 2 within the fair value hierarchy included investments in publicly traded stock, mutual funds, and BrokerageLink accounts. The fair value of Level 1 assets are based on quoted prices (unadjusted) for identical assets in active markets. The fair value of Level 2 assets are based on observable market-based inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.There were no assets measured on a recurring basis categorized as Level 3, for which valuations use significant unobservable inputs.
The following is a description of the valuation techniques and inputs used by the Plan to measure each major class of assets at fair value:
Huntington Common Stock: This includes Huntington common stock and was valued at the closing price reported on the Nasdaq Global Stock Market.
Mutual funds: The mutual funds are valued at the quoted net asset value of shares in the individual mutual funds, which is the readily determinable fair value, as reported on the relevant stock exchange.
BrokerageLink accounts: Accounts primarily consist of registered investment companies and common stocks that are valued using quoted market prices (Level 1) and other investments that are valued using observable market inputs for similar investments (Level 2).
Collective investment trust funds: The investment in the collective investment trust funds are reported at net asset value per share as determined by the sponsoring trustee, and is calculated by subtracting liabilities from the value of a fund's total assets and dividing it by the number of fund's shares outstanding. The net asset value is used as a practical expedient to estimate fair value.
The methods above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair values of certain financial instruments could result in a different fair value measurement at the reporting date.
The following tables set forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis at December 31, 2025 and 2024. For the years ended December 31, 2025 and 2024, there were no transfers in or out of Levels 1, 2, or 3.
 Fair Value Measurements Using
Quoted Prices
In Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
December 31, 2025(Level 1)(Level 2)Total
Common stock$181,447,740 $— $181,447,740 
Mutual funds375,211,169 — 375,211,169 
BrokerageLink accounts37,999,902 2,114,795 40,114,697 
Total assets in fair value hierarchy
$594,658,811 $2,114,795 596,773,606 
Collective investment trust funds measured at net asset value (1)
2,206,635,079 
Total investments$2,803,408,685 
 Fair Value Measurements Using
Quoted Prices
In Active
Markets for
Identical Assets
December 31, 2024(Level 1)Total
Common stock$177,505,684 $177,505,684 
Mutual funds332,480,141 332,480,141 
BrokerageLink accounts31,511,360 31,511,360 
Total assets in fair value hierarchy
$541,497,185 541,497,185 
Collective investment trust funds measured at net asset value (1)
1,800,908,138 
Total investments$2,342,405,323 
(1)    In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.
The following table set forth additional disclosures of the Plan's collective investment trust fund investments that have fair value measurements estimated using net asset value ("NAV"):
Fair Value Estimated Using NAV Per Share
December 31, 2025December 31, 2024Unfunded CommitmentRedemption FrequencyOther Redemption RestrictionsRedemption Notice Period
Investment:
Invesco Stable Value Trust B1$69,093,935 $68,330,077 
N/A
Daily
N/A
12 Months
Prudential Core Plus Bond Fund61,326,645 49,648,220 
N/A
Daily
N/A
5 Days
Spartan 500 Index Plus Fund482,613,444 404,746,249 
N/A
Daily
N/A
30 Days
Spartan Extended Market Index Fund187,562,143 176,764,143 
N/A
Daily
N/A
30 Days
Spartan Total International Index Fund77,194,914 50,732,331 
N/A
Daily
N/A
30 Days
Vanguard Target Retirement Funds 1,140,750,730 890,288,224 
N/A
Daily
N/A
None
Wellington CIF II188,093,268 160,398,894 
N/A
Daily
N/A
None