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LOANS AND LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Loan and Lease Portfolio
The following table provides a detailed listing of Huntington’s loan and lease portfolio at March 31, 2023 and December 31, 2022.
(dollar amounts in millions)At March 31, 2023At December 31, 2022
Commercial loan and lease portfolio:
Commercial and industrial$47,049 $45,127 
Commercial real estate16,377 16,634 
Lease financing5,244 5,252 
Total commercial loan and lease portfolio68,670 67,013 
Consumer loan portfolio:
Residential mortgage22,472 22,226 
Automobile13,187 13,154 
Home equity10,166 10,375 
RV and marine5,404 5,376 
Other consumer1,280 1,379 
Total consumer loan portfolio52,509 52,510 
Total loans and leases (1)(2)121,179 119,523 
Allowance for loan and lease losses(2,142)(2,121)
Net loans and leases$119,037 $117,402 
(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) premium of $(12) million and $3 million at March 31, 2023 and December 31, 2022, respectively.
(2)The total amount of accrued interest recorded for these loans and leases at March 31, 2023, was $305 million and $187 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2022, was $274 million and $186 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Consolidated Balance Sheets.
Direct Financing Lease, Lease Income
The following table presents net investments in lease financing receivables by category at March 31, 2023 and December 31, 2022.
(dollar amounts in millions)At March 31, 2023At December 31, 2022
Lease payments receivable$4,928 $4,916 
Estimated residual value of leased assets784 788 
Gross investment in lease financing receivables5,712 5,704 
Deferred origination costs49 46 
Deferred fees, unearned income and other(517)(498)
Total lease financing receivables$5,244 $5,252 
NALs and Past Due Loans
The following table presents NALs by class at March 31, 2023 and December 31, 2022:
At March 31, 2023At December 31, 2022
(dollar amounts in millions)Nonaccrual loans and leases with no ACLTotal nonaccrual loans and leasesNonaccrual loans and leases with no ACLTotal nonaccrual loans and leases
Commercial and industrial$37 $273 $49 $288 
Commercial real estate37 86 63 92 
Lease financing— 14 — 18 
Residential mortgage— 81 — 90 
Automobile— 4 — 4 
Home equity— 74 — 76 
RV and marine— 1 — 1 
Total nonaccrual loans and leases$74 $533 $112 $569 
Aging analysis of loans and leases
The following tables present an aging analysis of loans and leases, by class at March 31, 2023 and December 31, 2022:
At March 31, 2023
Past Due (1) Loans Accounted for Under FVOTotal 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		TotalCurrent
Commercial and industrial$37 $23 $90 $150 $46,899 $— $47,049 $12 (2)
Commercial real estate31 42 9 82 16,295 — 16,377 — 
Lease financing34 35 12 81 5,163 — 5,244 10 (3)
Residential mortgage196 61 181 438 21,848 186 22,472 134 (4)
Automobile78 16 9 103 13,084 — 13,187 7 
Home equity49 27 68 144 10,021 1 10,166 18 
RV and marine13 3 2 18 5,386 — 5,404 2 
Other consumer8 3 2 13 1,267 — 1,280 2 
Total loans and leases$446 $210 $373 $1,029 $119,963 $187 $121,179 $185 
At December 31, 2022
Past Due (1) Loans Accounted for Under FVOTotal Loans
and Leases		90 or
more days
past due
and accruing
(dollar amounts in millions)30-59
 Days		60-89
 Days		90 or more daysTotalCurrent
Commercial and industrial$53 $19 $108 $180 $44,947 $— $45,127 $23 (2)
Commercial real estate2 1 9 12 16,622 — 16,634 — 
Lease financing36 18 10 64 5,188 — 5,252 9 (3)
Residential mortgage246 69 199 514 21,528 184 22,226 146 (4)
Automobile88 20 11 119 13,035 — 13,154 9 
Home equity56 30 66 152 10,222 1 10,375 15 
RV and marine15 5 3 23 5,353 — 5,376 3 
Other consumer13 3 3 19 1,360 — 1,379 2 
Total loans and leases$509 $165 $409 $1,083 $118,255 $185 $119,523 $207 
(1)NALs are included in this aging analysis based on the loan’s past due status.
(2)Amounts include 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 March 31, 2023 and December 31, 2022 respectively:
At March 31, 2023
Term Loans Amortized Cost Basis by Origination YearRevolver Total at Amortized Cost BasisRevolver Total Converted to Term Loans
(dollar amounts in millions)20232022202120202019PriorTotal
Commercial and industrial
Credit Quality Indicator (1):
Pass$5,651 $13,501 $5,680 $2,891 $1,760 $1,956 $13,043 $4 $44,486 
OLEM33 207 123 52 19 92 170 — 696 
Substandard58 341 158 199 179 356 575 — 1,866 
Doubtful— — — — — 1 — — 1 
Total Commercial and industrial$5,742 $14,049 $5,961 $3,142 $1,958 $2,405 $13,788 $4 $47,049 
Commercial real estate
Credit Quality Indicator (1):
Pass$620 $5,544 $2,995 $1,438 $1,508 $1,750 $1,509 $— $15,364 
OLEM5 147 46 8 34 42 — — 282 
Substandard65 147 107 39 158 213 2 — 731 
Total Commercial real estate$690 $5,838 $3,148 $1,485 $1,700 $2,005 $1,511 $— $16,377 
Lease financing
Credit Quality Indicator (1):
Pass$471 $1,777 $1,176 $817 $409 $261 $— $— $4,911 
OLEM31 28 9 24 15 6 — — 113 
Substandard8 71 44 60 21 15 — — 219 
Doubtful— — 1 — — — — — 1 
Total Lease financing$510 $1,876 $1,230 $901 $445 $282 $— $— $5,244 
Residential mortgage
Credit Quality Indicator (2):
750+$331 $3,774 $6,244 $3,493 $816 $2,452 $— $— $17,110 
650-749137 1,323 1,142 613 216 878 — — 4,309 
<6502 60 73 67 93 572 — — 867 
Total Residential mortgage
$470 $5,157 $7,459 $4,173 $1,125 $3,902 $— $— $22,286 
Automobile
Credit Quality Indicator (2):
750+$911 $2,471 $2,021 $1,097 $655 $276 $— $— $7,431 
650-749422 1,850 1,333 591 308 159 — — 4,663 
<65036 351 349 169 105 83 — — 1,093 
Total Automobile
$1,369 $4,672 $3,703 $1,857 $1,068 $518 $— $— $13,187 
Home equity
Credit Quality Indicator (2):
750+$96 $463 $557 $592 $21 $298 $4,562 $240 $6,829 
650-74944 122 83 65 9 121 2,097 245 2,786 
<650— 3 3 4 2 51 354 133 550 
Total Home equity$140 $588 $643 $661 $32 $470 $7,013 $618 $10,165 
RV and marine
Credit Quality Indicator (2):
750+$250 $1,080 $981 $685 $339 $733 $— $— $4,068 
650-74933 305 303 193 116 270 — — 1,220 
<650— 9 20 18 16 53 — — 116 
Total RV and marine$283 $1,394 $1,304 $896 $471 $1,056 $— $— $5,404 
Other consumer
Credit Quality Indicator (2):
750+$66 $111 $55 $29 $28 $60 $363 $3 $715 
650-74921 63 26 10 12 16 339 15 502 
<650— 5 4 2 3 2 34 13 63 
Total Other consumer$87 $179 $85 $41 $43 $78 $736 $31 $1,280 
(1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades.
(2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly.
At December 31, 2022
Term Loans Amortized Cost Basis by Origination YearRevolver Total at Amortized Cost BasisRevolver Total Converted to Term Loans
(dollar amounts in millions)20222021202020192018PriorTotal
Commercial and industrial
Credit Quality Indicator (1):
Pass$16,480 $6,597 $3,279 $2,040 $1,068 $1,163 $12,077 $3 $42,707 
OLEM108 139 72 21 49 26 112 — 527 
Substandard364 181 189 212 141 255 550 — 1,892 
Doubtful— — — — — 1 — — 1 
Total Commercial and industrial$16,952 $6,917 $3,540 $2,273 $1,258 $1,445 $12,739 $3 $45,127 
Commercial real estate
Credit Quality Indicator (1):
Pass$5,634 $3,260 $1,616 $1,728 $917 $1,044 $1,502 $— $15,701 
OLEM61 53 1 43 6 9 — — 173 
Substandard235 118 105 75 85 140 2 — 760 
Total Commercial real estate$5,930 $3,431 $1,722 $1,846 $1,008 $1,193 $1,504 $— $16,634 
Lease financing
Credit Quality Indicator (1):
Pass$1,930 $1,291 $952 $447 $186 $143 $— $— $4,949 
OLEM32 9 15 18 6 3 — — 83 
Substandard65 37 74 24 9 11 — — 220 
Total Lease financing$2,027 $1,337 $1,041 $489 $201 $157 $— $— $5,252 
Residential mortgage
Credit Quality Indicator (2):
750+$3,666 $6,274 $3,566 $846 $469 $2,070 $— $— $16,891 
650-7491,394 1,172 617 211 137 777 — — 4,308 
<65049 68 61 95 90 480 — — 843 
Total Residential mortgage$5,109 $7,514 $4,244 $1,152 $696 $3,327 $— $— $22,042 
Automobile
Credit Quality Indicator (2):
750+$2,770 $2,212 $1,243 $777 $289 $98 $— $— $7,389 
650-7491,944 1,508 683 367 162 52 — — 4,716 
<650307 352 173 115 67 35 — — 1,049 
Total Automobile$5,021 $4,072 $2,099 $1,259 $518 $185 $— $— $13,154 
Home equity
Credit Quality Indicator (2):
750+$463 $573 $611 $23 $20 $301 $4,787 $252 $7,030 
650-749131 88 68 9 8 122 2,129 261 2,816 
<6503 3 3 2 2 51 335 129 528 
Total Home equity$597 $664 $682 $34 $30 $474 $7,251 $642 $10,374 
RV and marine
Credit Quality Indicator (2):
750+$1,148 $1,031 $731 $361 $354 $438 $— $— $4,063 
650-749290 315 200 118 113 169 — — 1,205 
<6505 18 15 17 17 36 — — 108 
Total RV and marine$1,443 $1,364 $946 $496 $484 $643 $— $— $5,376 
Other consumer
Credit Quality Indicator (2):
750+$207 $64 $35 $34 $13 $52 $393 $3 $801 
650-74971 30 12 15 4 14 355 16 517 
<6503 3 2 3 1 2 33 14 61 
Total Other consumer$281 $97 $49 $52 $18 $68 $781 $33 $1,379 
(1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades.
(2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly.
The following tables present the gross charge-offs of loans and leases by vintage.
Term Loans Gross Charge-offs by Origination Year
Revolver Gross Charge-offs
Revolver Converted to Term Loans Gross Charge-offs
(dollar amounts in millions)20232022202120202019PriorTotal
Three Months Ended March 31, 2023
Commercial and industrial
$1 $14 $3 $6 $4 $— $4 $— $32 
Commercial real estate
— — 19 — — — — — 19 
Lease Financing
— — — — — 1 — — 1 
Residential mortgage
— — 1 — — 1 — — 2 
Automobile
— 3 4 2 1 2 — — 12 
Home equity
— — — — — — 1 1 2 
RV and marine
— — 1 1 1 1 — — 4 
Other consumer
1 8 5 1 1 4 — 7 27 
Total
$2 $25 $33 $10 $7 $9 $5 $8 $99 
Summary of modifications
The following table summarizes the amortized cost basis of loans modified during the reporting period to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification.
Amortized Cost
(dollar amounts in millions)Interest rate reductionTerm extensionCombo - interest rate reduction and term extensionTotal% of total loan class (1)
Three months ended March 31, 2023
Commercial and industrial$35 $124 $3 $162 0.34 %
Commercial real estate— 48 — 48 0.29 
Residential mortgage— 23 1 24 0.11 
Automobile— 3 — 3 0.02 
Home equity— — 3 3 0.03 
RV and marine— 1 — 1 0.02 
Total loans made to borrowers experiencing financial difficulty in which modifications were made$35 $199 $7 $241 
(1)Represents the amortized cost of loans modified during the reporting period as a percentage of the period-end loan balance by class.
The following table describes the financial effect of the modification made to borrowers experiencing financial difficulty.
Interest Rate ReductionTerm Extension
Weighted-average contractual interest rateWeighted-average years added to the life
FromTo
Three months ended March 31, 2023
Commercial and industrial7.60 %6.80 %0.9
Commercial real estate  0.6
Residential mortgage5.36 4.14 6.3
Automobile  2.1
Home equity8.13 5.59 16.6
RV and marine  3.1
The following table depicts the performance of loans that have been modified during the reporting period.
At March 31, 2023
Past Due
(dollar amounts in millions)30-59
 Days		60-89
 Days		90 or 
more days		TotalCurrentTotal
Commercial and industrial$— $— $— $— $162 $162 
Commercial real estate— — — — 48 48 
Residential mortgage4 4 — 8 16 24 
Automobile— — — — 3 3 
Home equity— — — — 3 3 
RV and marine— — — — 1 1 
Total loans made to borrowers experiencing financial difficulty in which modifications were made in the three months ended March 31, 2023$4 $4 $— $8 $233 $241 
Summary of Troubled Debt Restructuring Note, Debtor
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 period ended March 31, 2022.
New Troubled Debt Restructurings (1)
Three Months Ended March 31, 2022
Number of
Contracts		Post-modification Outstanding Recorded Investment (2)
(dollar amounts in millions)Interest rate concessionAmortization or maturity date changeChapter 7 bankruptcyTotal
Commercial and industrial53 $11 $3 $— $14 
Commercial real estate1 — — — — 
Residential mortgage207 — 28 1 29 
Automobile625 — 4 1 5 
Home equity42 — 1 1 2 
RV and marine39 — 1 — 1 
Other consumer30 — — — — 
Total new TDRs997 $11 $37 $3 $51 
(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.