LOANS AND LEASES (Tables)

6 Months Ended

Jun. 30, 2023

The following table provides a detailed listing of Huntington’s loan and lease portfolio at June 30, 2023 and December 31, 2022.


(dollar amounts in millions)	At June 30, 2023		At December 31, 2022


















Commercial loan and lease portfolio:
Commercial and industrial	$	49,834	$	48,121
Commercial real estate	13,166		13,640
Lease financing	5,143		5,252
Total commercial loan and lease portfolio	68,143		67,013
Consumer loan portfolio:
Residential mortgage	23,138		22,226
Automobile	12,819		13,154
Home equity	10,135		10,375
RV and marine	5,640		5,376
Other consumer	1,350		1,379
Total consumer loan portfolio	53,082		52,510
Total loans and leases (1)(2)	121,225		119,523
Allowance for loan and lease losses	(2,177)		(2,121)
Net loans and leases	$	119,048	$	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 $(86) million and $3 million at June 30, 2023 and December 31, 2022, respectively.

(2)The total amount of accrued interest recorded for these loans and leases at June 30, 2023, was $306 million and $195 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 June 30, 2023 and December 31, 2022.


(dollar amounts in millions)	At June 30, 2023		At December 31, 2022

Lease payments receivable	$	4,830	$	4,916
Estimated residual value of leased assets	797		788
Gross investment in lease financing receivables	5,627		5,704
Deferred origination costs	52		46
Deferred fees, unearned income and other	(536)		(498)
Total lease financing receivables	$	5,143	$	5,252

NALs and Past Due Loans

The following table presents NALs by class at June 30, 2023 and December 31, 2022:


	At June 30, 2023				At December 31, 2022
(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	$	49	$	267	$	49	$	288
Commercial real estate	32		75		63		92
Lease financing	—		15		—		18
Residential mortgage	—		73		—		90
Automobile	—		4		—		4
Home equity	—		75		—		76
RV and marine	—		1		—		1

Total nonaccrual loans and leases	$	81	$	510	$	112	$	569

Aging analysis of loans and leases

The following tables present an aging analysis of loans and leases, by class at June 30, 2023 and December 31, 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
At June 30, 2023
Commercial and industrial	$	42	$	21	$	86	$	149	$	49,685	$	—	$	49,834	$	7	(2)
Commercial real estate	1		—		35		36		13,130		—		13,166		—
Lease financing	28		17		18		63		5,080		—		5,143		12		(3)
Residential mortgage	229		71		167		467		22,497		174		23,138		121		(4)
Automobile	75		19		9		103		12,716		—		12,819		6
Home equity	54		23		73		150		9,984		1		10,135		18
RV and marine	13		4		2		19		5,621		—		5,640		2
Other consumer	10		3		3		16		1,334		—		1,350		3
Total loans and leases	$	452	$	158	$	393	$	1,003	$	120,047	$	175	$	121,225	$	169
At December 31, 2022
Commercial and industrial	$	53	$	19	$	108	$	180	$	47,941	$	—	$	48,121	$	23	(2)
Commercial real estate	2		1		9		12		13,628		—		13,640		—
Lease financing	36		18		10		64		5,188		—		5,252		9		(3)
Residential mortgage	246		69		199		514		21,528		184		22,226		146		(4)
Automobile	88		20		11		119		13,035		—		13,154		9
Home equity	56		30		66		152		10,222		1		10,375		15
RV and marine	15		5		3		23		5,353		—		5,376		3
Other consumer	13		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 June 30, 2023 and December 31, 2022 respectively:


	At June 30, 2023
	Term Loans Amortized Cost Basis by Origination Year												Revolver Total at Amortized Cost Basis		Revolver Total Converted to Term Loans
(dollar amounts in millions)	2023		2022		2021		2020		2019		Prior						Total
Commercial and industrial
Credit Quality Indicator (1):
Pass	$	9,983	$	12,540	$	4,863	$	2,602	$	1,552	$	1,701	$	14,156	$	4	$	47,401
OLEM	107		214		79		16		7		25		159		—		607
Substandard	219		318		144		179		130		288		547		—		1,825
Doubtful	—		—		—		—		—		1		—		—		1
Total Commercial and industrial	$	10,309	$	13,072	$	5,086	$	2,797	$	1,689	$	2,015	$	14,862	$	4	$	49,834
Commercial real estate
Credit Quality Indicator (1):
Pass	$	972	$	3,794	$	2,451	$	1,247	$	1,330	$	1,556	$	638	$	—	$	11,988
OLEM	35		243		71		17		47		24		—		—		437
Substandard	164		128		90		23		151		183		2		—		741

Total Commercial real estate	$	1,171	$	4,165	$	2,612	$	1,287	$	1,528	$	1,763	$	640	$	—	$	13,166
Lease financing
Credit Quality Indicator (1):
Pass	$	948	$	1,631	$	1,057	$	757	$	341	$	197	$	—	$	—	$	4,931
OLEM	13		20		11		20		10		7		—		—		81
Substandard	8		46		32		14		20		10		—		—		130
Doubtful	—		—		1		—		—		—		—		—		1
Total Lease financing	$	969	$	1,697	$	1,101	$	791	$	371	$	214	$	—	$	—	$	5,143
Residential mortgage
Credit Quality Indicator (2):
750+	$	1,127	$	3,953	$	6,215	$	3,442	$	791	$	2,375	$	—	$	—	$	17,903
650-749	459		1,137		1,054		547		208		837		—		—		4,242
<650	7		61		65		65		87		534		—		—		819

Total Residential mortgage	$	1,593	$	5,151	$	7,334	$	4,054	$	1,086	$	3,746	$	—	$	—	$	22,964
Automobile
Credit Quality Indicator (2):
750+	$	1,417	$	2,330	$	1,885	$	988	$	558	$	198	$	—	$	—	$	7,376
650-749	819		1,616		1,153		498		250		112		—		—		4,448
<650	89		311		304		143		86		62		—		—		995

Total Automobile	$	2,325	$	4,257	$	3,342	$	1,629	$	894	$	372	$	—	$	—	$	12,819
Home equity
Credit Quality Indicator (2):
750+	$	223	$	458	$	547	$	574	$	19	$	282	$	4,541	$	233	$	6,877
650-749	74		108		71		60		8		111		2,051		238		2,721
<650	—		3		3		4		2		49		347		128		536

Total Home equity	$	297	$	569	$	621	$	638	$	29	$	442	$	6,939	$	599	$	10,134
RV and marine
Credit Quality Indicator (2):
750+	$	683	$	1,052	$	945	$	651	$	326	$	693	$	—	$	—	$	4,350
650-749	126		270		271		173		101		237		—		—		1,178
<650	1		9		21		18		15		48		—		—		112

Total RV and marine	$	810	$	1,331	$	1,237	$	842	$	442	$	978	$	—	$	—	$	5,640
Other consumer
Credit Quality Indicator (2):
750+	$	118	$	99	$	51	$	25	$	24	$	56	$	388	$	3	$	764
650-749	50		55		21		8		8		16		354		14		526
<650	2		5		4		1		2		1		33		12		60

Total Other consumer	$	170	$	159	$	76	$	34	$	34	$	73	$	775	$	29	$	1,350

(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 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	$	18,092	$	6,742	$	3,332	$	2,107	$	1,156	$	1,186	$	13,060	$	3	$	45,678
OLEM	108		139		72		21		49		26		113		—		528
Substandard	368		183		203		212		142		256		550		—		1,914
Doubtful	—		—		—		—		—		1		—		—		1
Total Commercial and industrial	$	18,568	$	7,064	$	3,607	$	2,340	$	1,347	$	1,469	$	13,723	$	3	$	48,121
Commercial real estate
Credit Quality Indicator (1):
Pass	$	4,022	$	3,115	$	1,562	$	1,662	$	829	$	1,020	$	519	$	—	$	12,729
OLEM	61		53		1		43		6		9		—		—		173
Substandard	231		116		92		74		84		140		1		—		738

Total Commercial real estate	$	4,314	$	3,284	$	1,655	$	1,779	$	919	$	1,169	$	520	$	—	$	13,640
Lease financing
Credit Quality Indicator (1):
Pass	$	1,930	$	1,291	$	952	$	447	$	186	$	143	$	—	$	—	$	4,949
OLEM	32		9		15		18		6		3		—		—		83
Substandard	65		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
650-749	1,394		1,172		617		211		137		777		—		—		4,308
<650	49		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
650-749	1,944		1,508		683		367		162		52		—		—		4,716
<650	307		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
650-749	131		88		68		9		8		122		2,129		261		2,816
<650	3		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
650-749	290		315		200		118		113		169		—		—		1,205
<650	5		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
650-749	71		30		12		15		4		14		355		16		517
<650	3		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)	2023		2022		2021		2020		2019		Prior						Total
Three months ended June 30, 2023
Commercial and industrial	$	1	$	4	$	14	$	—	$	8	$	10	$	—	$	1	$	38
Commercial real estate	—		3		—		—		5		5		—		—		13
Lease Financing	—		1		1		—		—		—		—		—		2
Residential mortgage	—		—		—		—		—		1		—		—		1
Automobile	—		3		4		2		2		—		—		—		11
Home equity	—		—		—		—		—		1		—		1		2
RV and marine	—		1		—		—		—		3		—		—		4
Other consumer	2		5		3		2		2		1		—		6		21
Total	$	3	$	17	$	22	$	4	$	17	$	21	$	—	$	8	$	92
Six months ended June 30, 2023
Commercial and industrial	$	2	$	18	$	17	$	6	$	12	$	10	$	4	$	1	$	70
Commercial real estate	—		3		19		—		5		5		—		—		32
Lease Financing	—		1		1		—		—		1		—		—		3
Residential mortgage	—		—		1		—		—		2		—		—		3
Automobile	—		6		8		4		3		2		—		—		23
Home equity	—		—		—		—		—		1		1		2		4
RV and marine	—		1		1		1		1		4		—		—		8
Other consumer	3		13		8		3		3		5		—		13		48
Total	$	5	$	42	$	55	$	14	$	24	$	30	$	5	$	16	$	191

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 reduction		Term extension		Payment deferral		Combo - interest rate reduction and term extension		Total		% of total loan class (1)
Three months ended June 30, 2023
Commercial and industrial	$	—	$	138	$	—	$	—	$	138	0.28	%
Commercial real estate	—		134		—		—		134		1.02
Residential mortgage	—		12		2		1		15		0.06
Automobile	—		4		—		1		5		0.04
Home equity	—		1		—		3		4		0.04

Other consumer	1		—		—		—		1		0.07
Total loans to borrowers experiencing financial difficulty in which modifications were made	$	1	$	289	$	2	$	5	$	297	0.24	%
Six months ended June 30, 2023
Commercial and industrial	$	35	$	198	$	—	$	3	$	236	0.47	%
Commercial real estate	—		148		—		—		148		1.12
Residential mortgage	—		35		2		2		39		0.17
Automobile	—		7		—		1		8		0.06
Home equity	—		1		—		5		6		0.06
RV and marine	—		1		—		—		1		0.02
Other consumer	1		—		—		—		1		0.07
Total loans to borrowers experiencing financial difficulty in which modifications were made	$	36	$	390	$	2	$	11	$	439	0.36	%

(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 Reduction				Term Extension
	Weighted-average contractual interest rate				Weighted-average years added to the life
	From		To
Three months ended June 30, 2023
Commercial and industrial					0.7
Commercial real estate					0.5
Residential mortgage	5.55	%	4.42	%	8.8
Automobile	6.58		6.22		2.0
Home equity	8.55		6.05		14.6


Six months ended June 30, 2023
Commercial and industrial	7.68	%	6.94	%	0.9
Commercial real estate					0.5
Residential mortgage	5.54		4.29		7.2
Automobile	6.59		6.24		2.0
Home equity	8.37		5.86		15.5

The following table depicts the performance of loans that have been modified during the reporting period.


	At June 30, 2023
	Past Due
(dollar amounts in millions)	30-59 Days		60-89 Days		90 or more days		Total		Current		Total
Commercial and industrial	$	1	$	1	$	—	$	2	$	234	$	236
Commercial real estate	—		—		—		—		148		148
Residential mortgage	7		3		4		14		25		39
Automobile	1		—		—		1		7		8
Home equity	1		—		—		1		5		6
RV and marine	—		—		—		—		1		1
Other consumer	—		—		—		—		1		1
Total loans to borrowers experiencing financial difficulty in which modifications were made in the six months ended June 30, 2023	$	10	$	4	$	4	$	18	$	421	$	439

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 and six-month period ended June 30, 2022.


	New Troubled Debt Restructurings (1)

	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
Three months ended June 30, 2022
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





Six months ended June 30, 2022
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	74	—		1		—		—		1
Other consumer	53	—		—		—		—		—
Total new TDRs	1,829	$	67	$	87	$	8	$	1	$	163

(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.