Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUES OF ASSETS AND LIABILITIES - Recurring Basis (Details)

FAIR VALUES OF ASSETS AND LIABILITIES - Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets measured at fair value on a recurring basis
Available-for-sale securities	$ 21,863	$ 23,423
Loans held for sale	601	520
Loans Accounted for Under FVO	175	185
Gross amounts of recognized assets	2,387	2,164
Derivative assets netting	(1,923)	(1,808)
Net amounts of assets presented in the condensed consolidated balance sheets	464	356
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	2,237	2,337
Gross amounts offset in the condensed consolidated balance sheets	(1,160)	(1,345)
Derivative liabilities	1,077	992
U.S. Treasury
Assets measured at fair value on a recurring basis
Available-for-sale securities	5	103
Municipal securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,477	3,290
Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,916	12,263
Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,729	1,953
Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	159	182
Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	118	128
Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	351	372
Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,973	2,214
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Trading account securities	121
Available-for-sale securities	21,863	23,423
Other securities	30	32
Loans held for sale	601	520
MSRs	547	494
Derivative assets netting	(1,923)	(1,808)
Net amounts of assets presented in the condensed consolidated balance sheets	464	356
Assets held in trust for deferred compensation plans	161	155
Liabilities measured at fair value on a recurring basis
Gross amounts offset in the condensed consolidated balance sheets	(1,160)	(1,345)
Derivative liabilities	1,077	992
Fair Value, Measurements, Recurring \| U.S. Treasury
Assets measured at fair value on a recurring basis
Trading account securities	90
Available-for-sale securities	5	103
Fair Value, Measurements, Recurring \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	20	19
Available-for-sale securities	3,477	3,290
Fair Value, Measurements, Recurring \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,131	2,914
Fair Value, Measurements, Recurring \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,916	12,263
Fair Value, Measurements, Recurring \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,729	1,953
Fair Value, Measurements, Recurring \| Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	159	182
Fair Value, Measurements, Recurring \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	118	128
Fair Value, Measurements, Recurring \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	351	372
Fair Value, Measurements, Recurring \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	11
Available-for-sale securities	1,973	2,214
Fair Value, Measurements, Recurring \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	4	4
Fair Value, Measurements, Recurring \| Level 1
Assets measured at fair value on a recurring basis
Trading account securities	90
Available-for-sale securities	5	103
Other securities	29	31
Loans held for sale	0	0
Loans Accounted for Under FVO	0	0
MSRs	0	0
Gross amounts of recognized assets	0	0
Assets held in trust for deferred compensation plans	161	155
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| U.S. Treasury
Assets measured at fair value on a recurring basis
Trading account securities	90
Available-for-sale securities	5	103
Fair Value, Measurements, Recurring \| Level 1 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 1 \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 2
Assets measured at fair value on a recurring basis
Trading account securities	31
Available-for-sale securities	18,326	19,978
Other securities	1	1
Loans held for sale	601	520
Loans Accounted for Under FVO	122	169
MSRs	0	0
Gross amounts of recognized assets	2,383	2,161
Assets held in trust for deferred compensation plans	0	0
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	2,232	2,332
Fair Value, Measurements, Recurring \| Level 2 \| U.S. Treasury
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 2 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	20	19
Available-for-sale securities	40	42
Fair Value, Measurements, Recurring \| Level 2 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,131	2,914
Fair Value, Measurements, Recurring \| Level 2 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,916	12,263
Fair Value, Measurements, Recurring \| Level 2 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,729	1,953
Fair Value, Measurements, Recurring \| Level 2 \| Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	159	182
Fair Value, Measurements, Recurring \| Level 2 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	98	108
Fair Value, Measurements, Recurring \| Level 2 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	276	298
Fair Value, Measurements, Recurring \| Level 2 \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	11
Available-for-sale securities	1,973	2,214
Fair Value, Measurements, Recurring \| Level 2 \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	4	4
Fair Value, Measurements, Recurring \| Level 3
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	3,532	3,342
Other securities	0	0
Loans held for sale	0	0
Loans Accounted for Under FVO	53	16
MSRs	547	494
Gross amounts of recognized assets	4	3
Assets held in trust for deferred compensation plans	0	0
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	5	5
Fair Value, Measurements, Recurring \| Level 3 \| U.S. Treasury
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	3,437	3,248
Fair Value, Measurements, Recurring \| Level 3 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	20	20
Fair Value, Measurements, Recurring \| Level 3 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	75	74
Fair Value, Measurements, Recurring \| Level 3 \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	0
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring \| Level 3 \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	$ 0	$ 0