LOANS / LEASES (Tables)

6 Months Ended

Jun. 30, 2022

The following table provides a detailed listing of Huntington’s loan and lease portfolio at June 30, 2022 and December 31, 2021.


(dollar amounts in millions)	June 30, 2022		December 31, 2021


















Commercial loan and lease portfolio:
Commercial and industrial	$	43,440	$	41,688
Commercial real estate	15,695		14,961
Lease financing	5,043		5,000
Total commercial loan and lease portfolio	64,178		61,649
Consumer loan portfolio:
Residential mortgage	21,220		19,256
Automobile	13,622		13,434
Home equity	10,426		10,550
RV and marine	5,453		5,058
Other consumer	1,322		1,320
Total consumer loan portfolio	52,043		49,618
Total loans and leases (1) (2)	116,221		111,267
Allowance for loan and lease losses	(2,074)		(2,030)
Net loans and leases	$	114,147	$	109,237

(1)Loans and leases are reported at principal amount outstanding including unamortized purchase premiums and discounts, unearned income, and net direct fees and costs associated with originating and acquiring loans and leases. The aggregate amount of these loan and lease adjustments was a net discount of $48 million and $111 million at June 30, 2022 and December 31, 2021, respectively.

(2)The total amount of accrued interest recorded for these loans and leases at June 30, 2022, was $157 million and $153 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2021, was $148 million and $150 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Condensed Consolidated Balance Sheets.

Direct Financing Lease, Lease Income

The following table presents net investments in lease financing receivables by category at June 30, 2022 and December 31, 2021.


(dollar amounts in millions)	June 30, 2022		December 31, 2021

Lease payments receivable	$	4,674	$	4,620
Estimated residual value of leased assets	766		774
Gross investment in lease financing receivables	5,440		5,394
Deferred origination costs	39		36
Deferred fees, unearned income and other	(436)		(430)
Total lease financing receivables	$	5,043	$	5,000

NALs and Past Due Loans

The following table presents NALs by class at June 30, 2022 and December 31, 2021:


	June 30, 2022				December 31, 2021
(dollar amounts in millions)	Nonaccrual loans and leases with no ACL		Total nonaccrual loans and leases		Nonaccrual loans and leases with no ACL		Total nonaccrual loans and leases
Commercial and industrial	$	57	$	324	$	81	$	370
Commercial real estate	95		117		80		104
Lease financing	10		22		3		48
Residential mortgage	—		111		—		111
Automobile	—		4		—		3
Home equity	—		78		—		79
RV and marine	—		1		—		1

Total nonaccrual loans and leases	$	162	$	657	$	164	$	716

Aging analysis of loans and leases

The following table presents an aging analysis of loans and leases, by class at June 30, 2022 and December 31, 2021:


	June 30, 2022
	Past Due (1)										Loans Accounted for Under FVO		Total Loans and Leases		90 or more days past due and accruing
(dollar amounts in millions)	30-59 Days		60-89 Days		90 or more days		Total		Current
Commercial and industrial	$	63	$	97	$	106	$	266	$	43,174	$	—	$	43,440	$	11	(2)
Commercial real estate	45		10		12		67		15,628		—		15,695		—
Lease financing	45		18		14		77		4,966		—		5,043		10		(3)
Residential mortgage	237		58		230		525		20,517		178		21,220		168		(4)
Automobile	82		18		9		109		13,513		—		13,622		6
Home equity	46		18		64		128		10,297		1		10,426		13
RV and marine	14		4		2		20		5,433		—		5,453		2
Other consumer	13		2		2		17		1,305		—		1,322		2
Total loans and leases	$	545	$	225	$	439	$	1,209	$	114,833	$	179	$	116,221	$	212


	December 31, 2021
	Past Due (1)										Loans Accounted for Under FVO		Total Loans and Leases		90 or more days past due and accruing
(dollar amounts in millions)	30-59 Days		60-89 Days		90 or more days		Total		Current
Commercial and industrial	$	72	$	69	$	107	$	248	$	41,440	$	—	$	41,688	$	13	(2)
Commercial real estate	9		1		9		19		14,942		—		14,961		—
Lease financing	39		13		17		69		4,931		—		5,000		11		(3)
Residential mortgage	151		49		233		433		18,653		170		19,256		157		(4)
Automobile	79		18		8		105		13,329		—		13,434		6
Home equity	48		35		76		159		10,390		1		10,550		17
RV and marine	14		4		3		21		5,037		—		5,058		3
Other consumer	13		2		3		18		1,302		—		1,320		3
Total loans and leases	$	425	$	191	$	456	$	1,072	$	110,024	$	171	$	111,267	$	210

(1)NALs are included in this aging analysis based on the loan’s past due status.

(2)Amounts include PPP (SBA guaranteed) and other SBA loans and leases.

(3)Amounts include Huntington Technology Finance administrative lease delinquencies.

(4)Amounts include mortgage loans insured by U.S. government agencies.

Loan and lease balances by credit quality indicator

The following tables present the amortized cost basis of loans and leases by vintage and credit quality indicator at June 30, 2022 and December 31, 2021 respectively:


	As of June 30, 2022
	Term Loans Amortized Cost Basis by Origination Year												Revolver Total at Amortized Cost Basis		Revolver Total Converted to Term Loans
(dollar amounts in millions)	2022		2021		2020		2019		2018		Prior						Total
Commercial and industrial
Credit Quality Indicator (1):
Pass	$	9,829	$	9,137	$	4,429	$	2,593	$	1,373	$	1,572	$	11,704	$	4	$	40,641
OLEM	76		204		78		71		85		48		192		—		754
Substandard	157		275		219		321		185		322		564		—		2,043
Doubtful	—		—		—		—		1		1		—		—		2
Total Commercial and industrial	$	10,062	$	9,616	$	4,726	$	2,985	$	1,644	$	1,943	$	12,460	$	4	$	43,440
Commercial real estate
Credit Quality Indicator (1):
Pass	$	2,526	$	3,700	$	2,121	$	2,193	$	1,289	$	1,416	$	1,208	$	—	$	14,453
OLEM	45		46		24		20		59		36		—		—		230
Substandard	182		161		213		198		107		133		17		—		1,011
Doubtful	—		—		—		—		1		—		—		—		1
Total Commercial real estate	$	2,753	$	3,907	$	2,358	$	2,411	$	1,456	$	1,585	$	1,225	$	—	$	15,695
Lease financing
Credit Quality Indicator (1):
Pass	$	934	$	1,590	$	1,225	$	637	$	288	$	230	$	—	$	—	$	4,904
OLEM	10		9		32		6		6		4		—		—		67
Substandard	4		5		18		25		6		14		—		—		72

Total Lease financing	$	948	$	1,604	$	1,275	$	668	$	300	$	248	$	—	$	—	$	5,043
Residential mortgage
Credit Quality Indicator (2):
750+	$	2,358	$	6,205	$	3,696	$	879	$	473	$	2,208	$	—	$	—	$	15,819
650-749	847		1,437		706		270		180		906		—		—		4,346
<650	12		56		56		94		111		548		—		—		877

Total Residential mortgage	$	3,217	$	7,698	$	4,458	$	1,243	$	764	$	3,662	$	—	$	—	$	21,042
Automobile
Credit Quality Indicator (2):
750+	$	1,673	$	2,621	$	1,571	$	1,057	$	456	$	236	$	—	$	—	$	7,614
650-749	1,199		1,988		909		519		254		113		—		—		4,982
<650	148		379		201		143		94		61		—		—		1,026

Total Automobile	$	3,020	$	4,988	$	2,681	$	1,719	$	804	$	410	$	—	$	—	$	13,622
Home equity
Credit Quality Indicator (2):
750+	$	301	$	602	$	651	$	27	$	25	$	350	$	4,868	$	272	$	7,096
650-749	91		102		78		10		8		138		2,102		272		2,801
<650	—		2		2		2		3		62		319		138		528

Total Home equity	$	392	$	706	$	731	$	39	$	36	$	550	$	7,289	$	682	$	10,425
RV and marine
Credit Quality Indicator (2):
750+	$	890	$	1,112	$	814	$	400	$	402	$	502	$	—	$	—	$	4,120
650-749	165		368		228		141		130		199		—		—		1,231
<650	1		14		13		15		16		43		—		—		102

Total RV and marine	$	1,056	$	1,494	$	1,055	$	556	$	548	$	744	$	—	$	—	$	5,453
Other consumer
Credit Quality Indicator (2):
750+	$	189	$	81	$	46	$	47	$	18	$	58	$	345	$	3	$	787
650-749	40		38		17		23		7		23		311		19		478
<650	1		3		2		4		2		3		28		14		57

Total Other consumer	$	230	$	122	$	65	$	74	$	27	$	84	$	684	$	36	$	1,322

(1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades which are generally refreshed at least semi-annually.

(2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly.


	As of December 31, 2021
	Term Loans Amortized Cost Basis by Origination Year												Revolver Total at Amortized Cost Basis		Revolver Total Converted to Term Loans
(dollar amounts in millions)	2021		2020		2019		2018		2017		Prior						Total
Commercial and industrial
Credit Quality Indicator (1):
Pass	$	15,435	$	5,677	$	3,682	$	1,983	$	1,080	$	1,134	$	9,945	$	3	$	38,939
OLEM	183		178		87		83		38		73		166		—		808
Substandard	336		203		344		206		125		167		552		—		1,933
Doubtful	5		1		1		1		—		—		—		—		8
Total Commercial and industrial	$	15,959	$	6,059	$	4,114	$	2,273	$	1,243	$	1,374	$	10,663	$	3	$	41,688
Commercial real estate
Credit Quality Indicator (1):
Pass	$	4,144	$	2,367	$	2,593	$	1,456	$	761	$	1,124	$	798	$	—	$	13,243
OLEM	76		48		42		83		73		19		—		—		341
Substandard	224		362		448		115		151		46		30		—		1,376
Doubtful	—		—		—		1		—		—		—		—		1
Total Commercial real estate	$	4,444	$	2,777	$	3,083	$	1,655	$	985	$	1,189	$	828	$	—	$	14,961
Lease financing
Credit Quality Indicator (1):
Pass	$	1,851	$	1,441	$	809	$	417	$	226	$	131	$	—	$	—	$	4,875
OLEM	8		32		12		4		2		—		—		—		58
Substandard	6		23		19		2		9		8		—		—		67

Total Lease financing	$	1,865	$	1,496	$	840	$	423	$	237	$	139	$	—	$	—	$	5,000
Residential mortgage
Credit Quality Indicator (2):
750+	$	5,532	$	3,857	$	978	$	554	$	687	$	1,704	$	—	$	—	$	13,312
650-749	1,862		993		409		269		254		1,028		—		—		4,815
<650	48		56		104		120		99		532		—		—		959

Total Residential mortgage	$	7,442	$	4,906	$	1,491	$	943	$	1,040	$	3,264	$	—	$	—	$	19,086
Automobile
Credit Quality Indicator (2):
750+	$	2,993	$	1,927	$	1,381	$	666	$	345	$	129	$	—	$	—	$	7,441
650-749	2,393		1,237		736		380		168		55		—		—		4,969
<650	380		234		178		128		70		34		—		—		1,024

Total Automobile	$	5,766	$	3,398	$	2,295	$	1,174	$	583	$	218	$	—	$	—	$	13,434
Home equity
Credit Quality Indicator (2):
750+	$	645	$	701	$	32	$	31	$	34	$	387	$	4,772	$	272	$	6,874
650-749	129		94		15		13		13		161		2,324		324		3,073
<650	3		2		2		1		1		67		361		165		602

Total Home equity	$	777	$	797	$	49	$	45	$	48	$	615	$	7,457	$	761	$	10,549
RV and marine
Credit Quality Indicator (2):
750+	$	1,257	$	933	$	470	$	468	$	268	$	319	$	—	$	—	$	3,715
650-749	393		273		171		157		106		150		—		—		1,250
<650	6		11		13		18		18		27		—		—		93

Total RV and marine	$	1,656	$	1,217	$	654	$	643	$	392	$	496	$	—	$	—	$	5,058
Other consumer
Credit Quality Indicator (2):
750+	$	211	$	34	$	50	$	13	$	10	$	27	$	326	$	3	$	674
650-749	88		52		50		23		17		41		295		24		590
<650	2		2		5		2		—		1		27		17		56

Total Other consumer	$	301	$	88	$	105	$	38	$	27	$	69	$	648	$	44	$	1,320

(2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly.

Detailed troubled debt restructuring information by class

The following table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the three-month and six-month periods ended June 30, 2022 and 2021.


	New Troubled Debt Restructurings (1)
	Three Months Ended June 30, 2022
	Number of Contracts	Post-modification Outstanding Recorded Investment (2)
(dollar amounts in millions)		Interest rate reduction		Amortization or maturity date change		Chapter 7 bankruptcy		Other		Total
Commercial and industrial	88	$	19	$	12	$	—	$	1	$	32
Commercial real estate	4	37		—		—		—		37

Residential mortgage	238	—		32		3		—		35
Automobile	469	—		3		—		—		3
Home equity	70	—		3		2		—		5
RV and marine	35	—		—		—		—		—
Other consumer	23	—		—		—		—		—
Total new TDRs	927	$	56	$	50	$	5	$	1	$	112

	Three Months Ended June 30, 2021
	Number of Contracts	Post-modification Outstanding Recorded Investment (2)
(dollar amounts in millions)		Interest rate reduction		Amortization or maturity date change		Chapter 7 bankruptcy		Other		Total

Commercial and industrial	25	$	15	$	14	$	—	$	—	$	29


Residential mortgage	72	—		11		1		—		12
Automobile	514	—		3		1		—		4
Home equity	51	—		1		1		—		2
RV and marine	35	1		—		—		—		1
Other consumer	68	—		—		—		—		—
Total new TDRs	765	$	16	$	29	$	3	$	—	$	48



	New Troubled Debt Restructurings (1)
	Six Months Ended June 30, 2022
	Number of Contracts	Post-modification Outstanding Recorded Investment (2)
(dollar amounts in millions)		Interest rate reduction		Amortization or maturity date change		Chapter 7 bankruptcy		Other		Total
Commercial and industrial	46	$	30	$	15	$	—	$	1	$	46
Commercial real estate	5	37		—		—		—		37

Residential mortgage	445	—		60		4		—		64
Automobile	1,094	—		7		1		—		8
Home equity	112	—		4		3		—		7
RV and marine finance	74	—		1		—		—		1
Other consumer	53	—		—		—		—		—
Total new TDRs	1,829	$	67	$	87	$	8	$	1	$	163

	Six Months Ended June 30, 2021
	Number of Contracts	Post-modification Outstanding Recorded Investment (2)
(dollar amounts in millions)		Interest rate reduction		Amortization or maturity date change		Chapter 7 bankruptcy		Other		Total
Commercial and industrial	37	$	15	$	19	$	—	$	—	$	34


Residential mortgage	158	—		24		2		—		26
Automobile	1,416	—		10		2		—		12
Home equity	113	—		2		3		—		5
RV and marine finance	84	1		1		—		—		2
Other consumer	165	—		—		—		1		1
Total new TDRs	1,973	$	16	$	56	$	7	$	1	$	80

(1)TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower.

(2)Post-modification balances approximate pre-modification balances.