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LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Financing Receivable Portfolio Segments
The following table provides a detailed listing of Huntington’s loan and lease portfolio.
At December 31,
(dollar amounts in millions)20242023
Commercial loan and lease portfolio:
Commercial and industrial$56,809 $50,657 
Commercial real estate11,078 12,422 
Lease financing5,454 5,228 
Total commercial loan and lease portfolio73,341 68,307 
Consumer loan portfolio:
Residential mortgage24,242 23,720 
Automobile14,564 12,482 
Home equity10,142 10,113 
RV and marine
5,982 5,899 
Other consumer1,771 1,461 
Total consumer loan portfolio56,701 53,675 
Total loans and leases (1)(2)130,042 121,982 
Allowance for loan and lease losses(2,244)(2,255)
Net loans and leases$127,798 $119,727 
(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 $468 million and $323 million at December 31, 2024 and 2023, respectively.
(2)The total amount of accrued interest recorded for these loans and leases at December 31, 2024, was $316 million and $235 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2023, was $333 million and $220 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.
Lease Financing Receivables
The following table presents net investments in lease financing receivables by category.
 
At December 31,
(dollar amounts in millions)20242023
Lease payments receivable$5,189 $4,980 
Estimated residual value of leased assets884 804 
Gross investment in lease financing receivables6,073 5,784 
Deferred origination costs56 54 
Deferred fees, unearned income and other(675)(610)
Total lease financing receivables$5,454 $5,228 
Nonaccrual Loans by Loan Class
The following table presents NALs by class. 
At December 31, 2024At December 31, 2023
(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$71 $457 $66 $344 
Commercial real estate75 118 64 140 
Lease financing— 10 3 14 
Residential mortgage— 83 — 72 
Automobile— 6 — 4 
Home Equity— 107 — 91 
RV and marine
— 2 — 2 
Total nonaccrual loans and leases$146 $783 $133 $667 
Aging Analysis of Loans and Leases
The following tables present an aging analysis of loans and leases, by class.
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
At December 31, 2024
Commercial and industrial$96 $46 $232 $374 $56,435 $— $56,809 $3 
(2)
Commercial real estate35 — 39 74 11,004 — 11,078 — 
Lease financing56 23 14 93 5,361 — 5,454 11 
Residential mortgage196 98 242 536 23,533 173 24,242 185 
(3)
Automobile117 27 16 160 14,404 — 14,564 12 
Home equity64 32 92 188 9,954 — 10,142 20 
RV and marine26 7 5 38 5,944 — 5,982 4 
Other consumer13 5 4 22 1,749 — 1,771 4 
Total loans and leases$603 $238 $644 $1,485 $128,384 $173 $130,042 $239 
At December 31, 2023
Commercial and industrial$90 $48 $90 $228 $50,429 $— $50,657 $1 (2)
Commercial real estate28 20 32 80 12,342 — 12,422 — 
Lease financing35 15 9 59 5,169 — 5,228 4 
Residential mortgage205 88 193 486 23,060 174 23,720 146 (3)
Automobile89 23 12 124 12,358 — 12,482 9 
Home equity66 32 83 181 9,932 — 10,113 22 
RV and marine17 5 4 26 5,873 — 5,899 3 
Other consumer13 4 4 21 1,440 — 1,461 4 
Total loans and leases$543 $235 $427 $1,205 $120,603 $174 $121,982 $189 
(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 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 internally defined credit quality indicator.
At December 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolver Total at Amortized Cost BasisRevolver Total Converted to Term Loans
(dollar amounts in millions)20242023202220212020PriorTotal
Commercial and industrial
Credit Quality Indicator:
Pass$16,097 $7,939 $6,587 $2,747 $1,708 $1,846 $16,790 $4 $53,718 
OLEM124 80 82 24 7 23 273 — 613 
Substandard445 385 440 209 107 164 690 — 2,440 
Doubtful— — 2 — — — 36 — 38 
Total Commercial and industrial$16,666 $8,404 $7,111 $2,980 $1,822 $2,033 $17,789 $4 $56,809 
Commercial real estate
Credit Quality Indicator:
Pass$1,415 $1,010 $2,754 $1,380 $947 $1,877 $635 $— $10,018 
OLEM— 78 114 66 2 64 4 — 328 
Substandard218 37 280 52 10 124 11 — 732 
Total Commercial real estate$1,633 $1,125 $3,148 $1,498 $959 $2,065 $650 $— $11,078 
Lease financing
Credit Quality Indicator:
Pass$2,100 $1,610 $709 $449 $349 $184 $— $— $5,401 
OLEM7 2 2 1 1 — — — 13 
Substandard1 6 23 2 7 1 — — 40 
Total Lease financing$2,108 $1,618 $734 $452 $357 $185 $— $— $5,454 
Residential mortgage
Credit Quality Indicator:
750+$1,725 $2,249 $3,913 $5,617 $3,011 $2,525 $— $— $19,040 
650-749768 542 748 781 423 791 — — 4,053 
<65055 64 111 110 68 568 — — 976 
Total Residential mortgage$2,548 $2,855 $4,772 $6,508 $3,502 $3,884 $— $— $24,069 
Automobile
Credit Quality Indicator:
750+$4,091 $1,663 $1,343 $920 $347 $113 $— $— $8,477 
650-7492,560 981 716 459 159 56 — — 4,931 
<650336 250 252 205 76 37 — — 1,156 
Total Automobile$6,987 $2,894 $2,311 $1,584 $582 $206 $— $— $14,564 
Home Equity
Credit Quality Indicator:
750+$214 $323 $378 $445 $466 $195 $4,581 $226 $6,828 
650-74970 92 74 50 44 78 2,051 214 2,673 
<6502 8 11 6 4 40 431 139 641 
Total Home equity$286 $423 $463 $501 $514 $313 $7,063 $579 $10,142 
RV and marine
Credit Quality Indicator:
750+$928 $909 $816 $718 $476 $704 $— $— $4,551 
650-749247 268 201 198 123 226 — — 1,263 
<6507 23 24 35 23 56 — — 168 
Total RV and marine
$1,182 $1,200 $1,041 $951 $622 $986 $— $— $5,982 
Other consumer
Credit Quality Indicator:
750+$321 $97 $48 $22 $10 $49 $467 $— $1,014 
650-749148 55 21 8 2 9 423 7 673 
<6509 10 5 2 1 1 48 8 84 
Total Other consumer$478 $162 $74 $32 $13 $59 $938 $15 $1,771 
At December 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:
Pass$14,677 $9,889 $3,673 $2,151 $1,187 $1,431 $14,563 $3 $47,574 
OLEM213 239 64 20 12 20 462 — 1,030 
Substandard393 305 188 150 83 184 750 — 2,053 
Total Commercial and industrial$15,283 $10,433 $3,925 $2,321 $1,282 $1,635 $15,775 $3 $50,657 
Commercial real estate
Credit Quality Indicator:
Pass$1,395 $3,253 $1,774 $1,063 $1,152 $1,288 $585 $— $10,510 
OLEM163 406 112 65 32 54 60 — 892 
Substandard164 404 176 10 137 114 15 — 1,020 
Total Commercial real estate$1,722 $4,063 $2,062 $1,138 $1,321 $1,456 $660 $— $12,422 
Lease financing
Credit Quality Indicator:
Pass$1,973 $1,284 $828 $583 $243 $106 $— $— $5,017 
OLEM16 22 6 5 2 9 — — 60 
Substandard20 66 31 16 13 5 — — 151 
Total Lease financing$2,009 $1,372 $865 $604 $258 $120 $— $— $5,228 
Residential mortgage
Credit Quality Indicator:
750+$2,077 $3,963 $6,028 $3,292 $749 $2,191 $— $— $18,300 
650-749950 1,024 964 510 186 775 — — 4,409 
<65024 79 82 64 85 503 — — 837 
Total Residential mortgage$3,051 $5,066 $7,074 $3,866 $1,020 $3,469 $— $— $23,546 
Automobile
Credit Quality Indicator:
750+$2,624 $1,964 $1,525 $740 $367 $85 $— $— $7,305 
650-7491,438 1,305 907 370 168 53 — — 4,241 
<650170 281 266 118 64 37 — — 936 
Total Automobile$4,232 $3,550 $2,698 $1,228 $599 $175 $— $— $12,482 
Home equity
Credit Quality Indicator:
750+$381 $429 $512 $534 $17 $244 $4,454 $233 $6,804 
650-749136 100 65 57 7 101 2,083 230 2,779 
<6502 6 3 3 2 43 344 127 530 
Total Home equity$519 $535 $580 $594 $26 $388 $6,881 $590 $10,113 
RV and marine
Credit Quality Indicator:
750+$1,206 $971 $867 $588 $295 $612 $— $— $4,539 
650-749289 248 252 158 91 210 — — 1,248 
<6504 12 21 18 14 43 — — 112 
Total RV and marine
$1,499 $1,231 $1,140 $764 $400 $865 $— $— $5,899 
Other consumer
Credit Quality Indicator:
750+$186 $80 $39 $19 $17 $48 $424 $3 $816 
650-74998 43 17 6 5 12 383 13 577 
<6504 5 3 1 1 1 39 14 68 
Total Other consumer$288 $128 $59 $26 $23 $61 $846 $30 $1,461 
Detailed Troubled Debt Restructuring Information by Class
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)20242023202220212020PriorTotal
Year Ended December 31, 2024
Commercial and industrial$4 $26 $74 $38 $14 $19 $47 $3 $225 
Commercial real estate12 4 31 3 — 25 4 — 79 
Lease financing
2 2 — 2 — 1 — — 7 
Residential mortgage— — — — — 3 — — 3 
Automobile5 18 17 14 5 4 — — 63 
Home equity— — — — — 1 1 4 6 
RV and marine
1 4 5 7 4 10 — — 31 
Other consumer14 25 15 7 3 16 — 37 117 
Total $38 $79 $142 $71 $26 $79 $52 $44 $531 
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
Year Ended December 31, 2023
Commercial and industrial$9 $47 $48 $14 $33 $13 $11 $2 $177 
Commercial real estate
8 9 31 — 26 4 7 — 85 
Lease financing
— 4 2 1 1 — — — 8 
Residential mortgage
— — 1 — — 4 — — 5 
Automobile
3 16 16 7 5 3 — — 50 
Home equity
— — — — — 1 2 6 9 
RV and marine
— 2 4 3 3 7 — — 19 
Other consumer14 23 13 5 5 12 — 29 101 
Total $34 $101 $115 $30 $73 $44 $20 $37 $454 
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 extensionPayment deferralCombo - interest rate reduction and term extensionTotal% of total loan class (1)
Year Ended December 31, 2024
Commercial and industrial$113 $209 $— $64 $386 0.68 %
Commercial real estate— 233 — 24 257 2.32 
Residential mortgage— 51 6 4 61 0.25 
Automobile— 11 — 1 12 0.08 
Home equity— 6 — 9 15 0.15 
RV and marine— 1 — — 1 0.02 
Other consumer2 — — — 2 0.11 
Total loans to borrowers experiencing financial difficulty in which modifications were made$115 $511 $6 $102 $734 0.59 %
Year Ended December 31, 2023
Commercial and industrial$64 $387 $— $4 $455 0.90 %
Commercial real estate2 151 — 4 157 1.26 
Residential mortgage— 58 2 4 64 0.27 
Automobile— 14 — 1 15 0.12 
Home equity— 2 — 10 12 0.12 
RV and marine— 1 — — 1 0.02 
Other consumer1 — — — 1 0.07 
Total loans to borrowers experiencing financial difficulty in which modifications were made$67 $613 $2 $23 $705 0.58 %
(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 (1)
Term Extension (1)
Weighted-average contractual interest rateWeighted-average years added to the life
FromTo
Year Ended December 31, 2024
Commercial and industrial8.16 %7.12 %1.0
Commercial real estate8.26 7.90 0.9
Residential mortgage6.8
Year Ended December 31, 2023
Commercial and industrial8.62 %8.05 %1.0
Commercial real estate  1.0
Residential mortgage  7.7
(1)Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.
The following table depicts the performance of loans that have been modified during the reporting period.
Past Due
(dollar amounts in millions)30-59
 Days		60-89
 Days		90 or 
more days		TotalCurrentTotal
At December 31, 2024
Commercial and industrial$6 $3 $4 $13 $373 $386 
Commercial real estate12 — 13 25 232 257 
Residential mortgage11 7 15 33 28 61 
Automobile1 1 — 2 10 12 
Home equity1 1 3 5 10 15 
RV and marine— — — — 1 1 
Other consumer— — — — 2 2 
Total loans to borrowers experiencing financial difficulty in which modifications were made in the year ended December 31, 2024
$31 $12 $35 $78 $656 $734 
At December 31, 2023
Commercial and industrial$21 $25 $7 $53 $402 $455 
Commercial real estate— — 5 5 152 157 
Residential mortgage9 8 11 28 36 64 
Automobile2 1 — 3 12 15 
Home equity1 1 1 3 9 12 
RV and marine— — — — 1 1 
Other consumer— — — — 1 1 
Total loans to borrowers experiencing financial difficulty in which modifications were made in the year ended December 31, 2023
$33 $35 $24 $92 $613 $705