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LOANS AND LEASES (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loan and Lease Portfolio
The following table provides a detailed listing of Huntington’s loan and lease portfolio.
(dollar amounts in millions)At March 31, 2025At December 31, 2024
Commercial loan and lease portfolio:
Commercial and industrial$58,948 $56,809 
Commercial real estate10,968 11,078 
Lease financing5,451 5,454 
Total commercial loan and lease portfolio75,367 73,341 
Consumer loan portfolio:
Residential mortgage24,369 24,242 
Automobile14,877 14,564 
Home equity10,130 10,142 
RV and marine5,939 5,982 
Other consumer1,823 1,771 
Total consumer loan portfolio57,138 56,701 
Total loans and leases (1)(2)132,505 130,042 
Allowance for loan and lease losses(2,263)(2,244)
Net loans and leases$130,242 $127,798 
(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 $509 million and $468 million at March 31, 2025 and December 31, 2024, respectively.
(2)The total amount of accrued interest recorded for these loans and leases at March 31, 2025 was $313 million and $236 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2024 was $316 million and $235 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Unaudited Consolidated Balance Sheets.
Direct Financing Lease, Lease Income
The following table presents net investments in lease financing receivables by category.
(dollar amounts in millions)At March 31, 2025At December 31, 2024
Lease payments receivable$5,160 $5,189 
Estimated residual value of leased assets924 884 
Gross investment in lease financing receivables6,084 6,073 
Deferred origination costs54 56 
Deferred fees, unearned income, and other
(687)(675)
Total lease financing receivables$5,451 $5,454 
NALs and Past Due Loans
The following table presents NALs by class.
At March 31, 2025At December 31, 2024
(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$51 $413 $71 $457 
Commercial real estate74 118 75 118 
Lease financing1 11 — 10 
Residential mortgage— 90 — 83 
Automobile— 4 — 6 
Home equity— 110 — 107 
RV and marine— 2 — 2 
Total nonaccrual loans and leases$126 $748 $146 $783 
Aging Analysis of Loans and Leases
The following table presents 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 March 31, 2025
Commercial and industrial$137 $54 $222 $413 $58,535 $— $58,948 $2 (2)
Commercial real estate17 1 31 49 10,919 — 10,968 — 
Lease financing46 29 11 86 5,365 — 5,451 8 
Residential mortgage228 91 234 553 23,641 175 24,369 177 (3)
Automobile99 21 11 131 14,746 — 14,877 8 
Home equity52 27 92 171 9,959 — 10,130 18 
RV and marine22 6 4 32 5,907 — 5,939 3 
Other consumer13 5 4 22 1,801 — 1,823 4 
Total loans and leases$614 $234 $609 $1,457 $130,873 $175 $132,505 $220 
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 
(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 March 31, 2025
Term Loans Amortized Cost Basis by Origination YearRevolver Total at Amortized Cost BasisRevolver Total Converted to Term Loans
(dollar amounts in millions)20252024202320222021PriorTotal
Commercial and industrial
Credit Quality Indicator:
Pass$5,599 $13,302 $6,845 $5,797 $2,191 $3,048 $18,636 $6 $55,424 
OLEM26 169 88 75 16 31 200 — 605 
Substandard173 507 394 433 217 198 976 — 2,898 
Doubtful— — — 1 — — 20 — 21 
Total Commercial and industrial$5,798 $13,978 $7,327 $6,306 $2,424 $3,277 $19,832 $6 $58,948 
Commercial real estate
Credit Quality Indicator:
Pass$545 $1,435 $1,008 $2,269 $1,195 $2,637 $644 $— $9,733 
OLEM19 6 112 202 44 106 46 — 535 
Substandard48 123 60 275 62 121 11 — 700 
Total Commercial real estate$612 $1,564 $1,180 $2,746 $1,301 $2,864 $701 $— $10,968 
Lease financing
Credit Quality Indicator:
Pass$244 $1,931 $1,373 $774 $531 $526 $— $— $5,379 
OLEM— 3 5 3 3 3 — — 17 
Substandard2 3 12 21 4 13 — — 55 
Total Lease financing$246 $1,937 $1,390 $798 $538 $542 $— $— $5,451 
Residential mortgage
Credit Quality Indicator:
750+$353 $1,831 $2,223 $3,884 $5,532 $5,383 $— $— $19,206 
650-749140 710 487 685 748 1,196 — — 3,966 
<65011 66 77 129 112 627 — — 1,022 
Total Residential mortgage
$504 $2,607 $2,787 $4,698 $6,392 $7,206 $— $— $24,194 
Automobile
Credit Quality Indicator:
750+$1,186 $3,558 $1,492 $1,186 $778 $335 $— $— $8,535 
650-749614 2,463 863 618 387 160 — — 5,105 
<65060 417 245 238 185 92 — — 1,237 
Total Automobile
$1,860 $6,438 $2,600 $2,042 $1,350 $587 $— $— $14,877 
Home equity
Credit Quality Indicator:
750+$39 $206 $302 $362 $429 $626 $4,579 $225 $6,768 
650-74922 67 89 74 49 118 2,074 211 2,704 
<650— 3 10 11 5 43 445 141 658 
Total Home equity$61 $276 $401 $447 $483 $787 $7,098 $577 $10,130 
RV and marine
Credit Quality Indicator:
750+$219 $858 $856 $782 $684 $1,109 $— $— $4,508 
650-74928 254 253 193 192 332 — — 1,252 
<650— 13 26 26 36 78 — — 179 
Total RV and marine$247 $1,125 $1,135 $1,001 $912 $1,519 $— $— $5,939 
Other consumer
Credit Quality Indicator:
750+$125 $259 $84 $41 $18 $54 $451 $2 $1,034 
650-74955 135 48 19 7 11 422 4 701 
<6501 12 10 4 2 1 52 6 88 
Total Other consumer$181 $406 $142 $64 $27 $66 $925 $12 $1,823 
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 $1,771 
Summary of Modifications
The following tables present the gross charge-offs of loans and leases by vintage.
Term Loans Gross Charge-offs by Origination Year
Revolver Gross Charge-offs
Revolver Converted to Term Loans Gross Charge-offs
(dollar amounts in millions)20252024202320222021PriorTotal
Three months ended March 31, 2025
Commercial and industrial$— $6 $8 $33 $3 $9 $9 $1 $69 
Commercial real estate— — — — 1 — — — 1 
Lease financing— 1 1 2 — — — — 4 
Residential mortgage— — — — — 1 — — 1 
Automobile— 5 5 6 3 1 — — 20 
Home equity— — — — — — 1 1 2 
RV and marine— — 2 1 2 4 — — 9 
Other consumer1 6 5 2 1 3 — 9 27 
Total $1 $18 $21 $44 $10 $18 $10 $11 $133 
Term Loans Gross Charge-offs by Origination Year
Revolver Gross Charge-offsRevolver Converted to Term Loans Gross Charge-offs
(dollar amounts in millions)20242023202220212020
Prior
Total
Three months ended March 31, 2024
Commercial and industrial$— $5 $11 $15 $11 $2 $10 $1 $55 
Commercial real estate— 1 9 1 — 6 — — 17 
Lease financing— — — 1 — 1 — — 2 
Residential mortgage— — — — — 1 — — 1 
Automobile— 4 5 4 2 — — — 15 
Home equity— — — — — — — 2 2 
RV and marine— 1 1 2 1 3 — — 8 
Other consumer1 7 5 2 1 3 — 9 28 
Total $1 $18 $31 $25 $15 $16 $10 $12 $128 
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)
Three months ended March 31, 2025
Commercial and industrial$47 $173 $— $— $220 0.37 %
Commercial real estate— 97 — — 97 0.88 
Residential mortgage— 16 7 1 24 0.10 
Automobile— 2 — — 2 0.01 
Home equity— 2 — 2 4 0.04 
Other consumer1 — — — 1 0.05 
Total loans to borrowers experiencing financial difficulty to which modifications were made
$48 $290 $7 $3 $348 0.26 %
Three months ended March 31, 2024
Commercial and industrial$87 $154 $— $7 $248 0.48 %
Commercial real estate— 31 — — 31 0.25 
Residential mortgage— 10 3 1 14 0.06 
Automobile— 4 — — 4 0.03 
Home equity— 1 — 4 5 0.05 
Total loans to borrowers experiencing financial difficulty to which modifications were made
$87 $200 $3 $12 $302 0.25 %
(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
Three months ended March 31, 2025
Commercial and industrial7.90 %7.61 %0.9
Commercial real estate  1.0
Residential mortgage6.5
Three months ended March 31, 2024
Commercial and industrial8.24 7.28 0.4
Commercial real estate  0.6
Residential mortgage8.6
(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 identified period.
Past Due
(dollar amounts in millions)30-59
 Days		60-89
 Days		90 or 
more days		TotalCurrentTotal
At March 31, 2025
Commercial and industrial$8 $— $5 $13 $483 $496 
Commercial real estate12 — 2 14 244 258 
Residential mortgage9 9 15 33 39 72 
Automobile2 — — 2 9 11 
Home equity1 1 1 3 12 15 
RV and marine— — — — 1 1 
Other consumer— — — — 2 2 
Total loans to borrowers experiencing financial difficulty to which modifications were made in the twelve months ended March 31, 2025
$32 $10 $23 $65 $790 $855 
At March 31, 2024
Commercial and industrial$2 $11 $11 $24 $449 $473 
Commercial real estate2 7 — 9 118 127 
Residential mortgage8 5 9 22 31 53 
Automobile2 — — 2 14 16 
Home equity1 1 1 3 11 14 
RV and marine— — — — 1 1 
Total loans to borrowers experiencing financial difficulty to which modifications were made in the twelve months ended March 31, 2024
$15 $24 $21 $60 $624 $684