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	Mar. 31, 2024	Dec. 31, 2023
Assets measured at fair value on a recurring basis
Available-for-sale securities	$ 26,801	$ 25,305
Loans held for sale	487	506
Loans Accounted for Under FVO	175	174
Gross amounts of recognized assets	1,740	1,723
Derivative assets netting	(1,399)	(1,330)
Net amounts of assets presented in the condensed consolidated balance sheets	341	393
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	1,626	1,421
Gross amounts offset in the condensed consolidated balance sheets	(872)	(751)
Derivative liabilities	754	670
U.S. Treasury
Assets measured at fair value on a recurring basis
Available-for-sale securities	5,027	2,856
Municipal securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,331	3,373
Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,930	11,382
Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,795	1,827
Other agencies
Assets measured at fair value on a recurring basis
Available-for-sale securities	147	155
Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	117	119
Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	351	356
Corporate debt
Assets measured at fair value on a recurring basis
Available-for-sale securities	2,018	2,043
Fair Value, Measurements, Recurring
Assets measured at fair value on a recurring basis
Trading account securities	167	125
Available-for-sale securities	26,801	25,305
Other securities	32	32
Loans held for sale	487	506
MSRs	534	515
Derivative assets netting	(1,399)	(1,330)
Net amounts of assets presented in the condensed consolidated balance sheets	341	393
Assets held in trust for deferred compensation plans	186	177
Liabilities measured at fair value on a recurring basis
Gross amounts offset in the condensed consolidated balance sheets	(872)	(751)
Derivative liabilities	754	670
Fair Value, Measurements, Recurring \| U.S. Treasury
Assets measured at fair value on a recurring basis
Trading account securities	92	91
Available-for-sale securities	5,027	2,856
Fair Value, Measurements, Recurring \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	51	32
Available-for-sale securities	3,331	3,373
Fair Value, Measurements, Recurring \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,075	3,184
Fair Value, Measurements, Recurring \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,930	11,382
Fair Value, Measurements, Recurring \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,795	1,827
Fair Value, Measurements, Recurring \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities		2
Available-for-sale securities	147	155
Fair Value, Measurements, Recurring \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	117	119
Fair Value, Measurements, Recurring \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	351	356
Fair Value, Measurements, Recurring \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	24
Available-for-sale securities	2,018	2,043
Fair Value, Measurements, Recurring \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	10	10
Fair Value, Measurements, Recurring \| Level 1
Assets measured at fair value on a recurring basis
Trading account securities	92	91
Available-for-sale securities	5,027	2,856
Other securities	31	30
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	186	177
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	92	91
Available-for-sale securities	5,027	2,856
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
Trading account securities		0
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	75	34
Available-for-sale securities	18,389	19,019
Other securities	1	2
Loans held for sale	487	506
Loans Accounted for Under FVO	117	120
MSRs	0	0
Gross amounts of recognized assets	1,734	1,720
Assets held in trust for deferred compensation plans	0	0
Liabilities measured at fair value on a recurring basis
Gross amounts of recognized liabilities	1,624	1,416
Fair Value, Measurements, Recurring \| Level 2 \| U.S. Treasury
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 2 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	51	32
Available-for-sale securities	38	38
Fair Value, Measurements, Recurring \| Level 2 \| Residential CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	3,075	3,184
Fair Value, Measurements, Recurring \| Level 2 \| Residential MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	10,930	11,382
Fair Value, Measurements, Recurring \| Level 2 \| Commercial MBS
Assets measured at fair value on a recurring basis
Available-for-sale securities	1,795	1,827
Fair Value, Measurements, Recurring \| Level 2 \| Other agencies
Assets measured at fair value on a recurring basis
Trading account securities		2
Available-for-sale securities	147	155
Fair Value, Measurements, Recurring \| Level 2 \| Private-label CMO
Assets measured at fair value on a recurring basis
Available-for-sale securities	97	99
Fair Value, Measurements, Recurring \| Level 2 \| Asset-backed securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	279	281
Fair Value, Measurements, Recurring \| Level 2 \| Corporate debt
Assets measured at fair value on a recurring basis
Trading account securities	24
Available-for-sale securities	2,018	2,043
Fair Value, Measurements, Recurring \| Level 2 \| Other securities
Assets measured at fair value on a recurring basis
Available-for-sale securities	10	10
Fair Value, Measurements, Recurring \| Level 3
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	3,385	3,430
Other securities	0	0
Loans held for sale	0	0
Loans Accounted for Under FVO	58	54
MSRs	534	515
Gross amounts of recognized assets	6	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	2	5
Fair Value, Measurements, Recurring \| Level 3 \| U.S. Treasury
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 3 \| Municipal securities
Assets measured at fair value on a recurring basis
Trading account securities	0	0
Available-for-sale securities	3,293	3,335
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
Trading account securities		0
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	72	75
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