FAIR VALUES OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2026
Assets
Trading account assets	$10	$316	$—	$—	$326
Available-for-sale securities:
U.S. Treasury	8,777	—	—	—	8,777
Residential MBS	—	11,955	—	—	11,955
Residential CMO	—	6,333	—	—	6,333
Commercial MBS	—	2,567	—	—	2,567
Other agencies	—	474	—	—	474
Municipal securities	—	84	4,565	—	4,649
Corporate debt	—	169	—	—	169
Asset-backed securities	—	136	43	—	179
Private-label CMO	—	73	20	—	93
Other securities/sovereign debt	—	10	—	—	10
Total available-for-sale securities	8,777	21,801	4,628	—	35,206
Other securities	30	43	—	—	73
Loans held for sale	—	1,287	—	—	1,287
Loans held for investment	—	102	62	—	164
MSRs	—	—	752	—	752
Other assets:
Derivative assets	—	547	12	(322)	237
Assets held in trust for deferred compensation plans	236	—	—	—	236
Liabilities
Short-term borrowings	260	70	—	—	330
Long-term debt	—	1,250	—	—	1,250
Derivative liabilities	—	975	3	(238)	740

(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 assets	$—	$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 June 30, 2026
Opening balance	$735	$6	$4,251	$20	$19	$61
Transfers into Level 3	—	—	—	—	—	3
Transfers out of Level 3 (1)	—	(15)	—	—	—	—
Total gains (losses) for the period:
Included in earnings:
Mortgage banking income	1	17	—	—	—	—
Included in OCI	—	—	(6)	—	—	—
Purchases/originations	40	—	663	—	24	—
Repayments	—	—	—	—	—	(2)
Settlements	(24)	1	(343)	—	—	—
Closing balance	$752	$9	$4,565	$20	$43	$62
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date	$1	$3	$—	$—	$—	$—
Change in unrealized gains (losses) for the period included in other comprehensive income for assets held at the end of the reporting period	—	—	(8)	—	—	—
Three months ended June 30, 2025
Opening balance	$564	$3	$3,929	$22	$47	$63
Transfers into Level 3	—	—	—	—	—	1
Transfers out of Level 3 (1)	—	(10)	—	—	—	—
Total gains (losses) for the period:
Included in earnings:
Interest and fee income	—	—	(1)	—	—	—
Mortgage banking income	—	12	—	—	—	—
Other noninterest income	—	(1)	—	—	—	—
Included in OCI	—	—	12	—	—	—
Purchases/originations	20	—	421	—	—	—
Repayments	—	—	—	—	—	(2)
Settlements	(17)	3	(294)	(1)	(9)	—
Closing balance	$567	$7	$4,067	$21	$38	$62
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date	$—	$2	$—	$—	$—	$—
Change in unrealized gains (losses) for the period included in other comprehensive income for assets held at the end of the reporting period	—	—	10	—	—	—

(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 June 30, 2026
Assets
Loans held for sale	$1,287	$1,253	$34	$—	$—	$—
Loans held for investment	164	176	(12)	6	7	(1)
Liabilities
Long-term debt	1,250	1,258	8
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		Six Months Ended
(dollar amounts in millions)	Classification	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Loans held for sale	Mortgage banking income	$12	$9	$4	$15
Loans held for investment	Mortgage banking income	(1)	—	—	(1)
Long-term debt	Other noninterest income	(7)	(4)	18	(5)

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		Six Months Ended
(dollar amounts in millions)	At June 30, 2026	At December 31, 2025	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Collateral-dependent loans	$143	$74	$(51)	$(20)	$(88)	$(43)

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 June 30, 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%	-	64%	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%
		Loss given default (2)				20%				20%

(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 June 30, 2026
Financial Assets
Cash and short-term assets	$16,044	$—	$—	$16,044	$16,044
Trading account assets	—	—	326	326	326
Available-for-sale securities	—	—	35,206	35,206	35,206
Held-to-maturity securities	14,384	—	—	14,384	12,677
Other securities	1,310	—	73	1,383	1,383
Loans held for sale	—	599	1,287	1,886	1,886
Net loans and leases (1)	186,009	—	164	186,173	185,314
Derivative assets	—	—	237	237	237
Assets held in trust for deferred compensation plans	—	—	236	236	236
Financial Liabilities
Deposits (2)	222,466	—	—	222,466	222,463
Short-term borrowings	2,781	—	330	3,111	3,111
Long-term debt	17,488	—	1,250	18,738	18,951
Derivative liabilities	—	—	740	740	740
At December 31, 2025
Financial Assets
Cash and short-term assets	$14,078	$—	$—	$14,078	$14,078
Trading account assets	—	—	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 $4.4 billion and $2.1 billion in time deposits in excess of the FDIC insurance coverage limit at June 30, 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 June 30, 2026
Financial Assets
Trading account assets	$10	$316	$—	$—	$326
Available-for-sale securities	8,777	21,801	4,628	—	35,206
Held-to-maturity securities	2,111	10,566	—	—	12,677
Other securities (2)	30	43	—	—	73
Loans held for sale	—	1,287	599	—	1,886
Net loans and leases	—	102	185,212	—	185,314
Derivative assets	—	547	12	(322)	237
Financial Liabilities
Deposits	—	192,922	29,541	—	222,463
Short-term borrowings	260	2,851	—	—	3,111
Long-term debt	—	13,698	5,253	—	18,951
Derivative liabilities	—	975	3	(238)	740
At December 31, 2025
Financial Assets
Trading account assets	$—	$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.

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