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LOANS AND LEASES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025At December 31, 2024
Commercial loan and lease portfolio:
Commercial and industrial$60,723 $56,809 
Commercial real estate10,698 11,078 
Lease financing5,516 5,454 
Total commercial loan and lease portfolio76,937 73,341 
Consumer loan portfolio:
Residential mortgage24,527 24,242 
Automobile15,382 14,564 
Home equity10,221 10,142 
RV and marine5,907 5,982 
Other consumer1,986 1,771 
Total consumer loan portfolio58,023 56,701 
Total loans and leases (1)(2)134,960 130,042 
Allowance for loan and lease losses(2,331)(2,244)
Net loans and leases$132,629 $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 $503 million and $468 million at June 30, 2025 and December 31, 2024, respectively.
(2)The total amount of accrued interest recorded for loans and leases at June 30, 2025 was $316 million and $245 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 June 30, 2025At December 31, 2024
Lease payments receivable$5,215 $5,189 
Estimated residual value of leased assets954 884 
Gross investment in lease financing receivables6,169 6,073 
Deferred origination costs54 56 
Deferred fees, unearned income, and other
(707)(675)
Total lease financing receivables$5,516 $5,454 
NALs and Past Due Loans
The following table presents NALs by loan class.
At June 30, 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$34 $489 $71 $457 
Commercial real estate87 138 75 118 
Lease financing1 10 — 10 
Residential mortgage— 93 — 83 
Automobile— 5 — 6 
Home equity— 105 — 107 
RV and marine— 2 — 2 
Total nonaccrual loans and leases$122 $842 $146 $783 
Aging Analysis of Loans and Leases
The following table presents an aging analysis of loans and leases, by loan 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 June 30, 2025
Commercial and industrial$77 $53 $252 $382 $60,341 $— $60,723 $4 (2)
Commercial real estate1 — 52 53 10,645 — 10,698 — 
Lease financing46 14 18 78 5,438 — 5,516 14 
Residential mortgage248 79 245 572 23,783 172 24,527 189 (3)
Automobile101 25 12 138 15,244 — 15,382 10 
Home equity59 32 89 180 10,041 — 10,221 18 
RV and marine20 5 3 28 5,879 — 5,907 2 
Other consumer14 6 4 24 1,962 — 1,986 4 
Total loans and leases$566 $214 $675 $1,455 $133,333 $172 $134,960 $241 
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 June 30, 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$10,457 $11,222 $6,004 $5,174 $2,046 $2,817 $19,574 $9 $57,303 
OLEM70 248 81 59 11 26 147 — 642 
Substandard358 413 362 321 200 167 957 — 2,778 
Total Commercial and industrial$10,885 $11,883 $6,447 $5,554 $2,257 $3,010 $20,678 $9 $60,723 
Commercial real estate
Credit Quality Indicator:
Pass$1,118 $1,327 $790 $2,087 $1,000 $2,459 $696 $— $9,477 
OLEM18 — 105 249 119 74 40 — 605 
Substandard81 75 107 137 71 128 17 — 616 
Total Commercial real estate$1,217 $1,402 $1,002 $2,473 $1,190 $2,661 $753 $— $10,698 
Lease financing
Credit Quality Indicator:
Pass$675 $1,831 $1,298 $709 $480 $454 $— $— $5,447 
OLEM3 3 4 2 2 3 — — 17 
Substandard1 4 12 20 4 11 — — 52 
Total Lease financing$679 $1,838 $1,314 $731 $486 $468 $— $— $5,516 
Residential mortgage
Credit Quality Indicator:
750+$870 $1,851 $2,153 $3,788 $5,412 $5,250 $— $— $19,324 
650-749409 622 461 655 698 1,112 — — 3,957 
<65031 83 77 136 124 623 — — 1,074 
Total Residential mortgage
$1,310 $2,556 $2,691 $4,579 $6,234 $6,985 $— $— $24,355 
Automobile
Credit Quality Indicator:
750+$2,239 $3,264 $1,335 $1,038 $651 $241 $— $— $8,768 
650-7491,464 2,090 728 509 309 111 — — 5,211 
<650219 459 250 232 169 74 — — 1,403 
Total Automobile
$3,922 $5,813 $2,313 $1,779 $1,129 $426 $— $— $15,382 
Home equity
Credit Quality Indicator:
750+$92 $189 $284 $350 $411 $598 $4,717 $231 $6,872 
650-74934 60 82 68 47 110 2,047 211 2,659 
<6501 5 12 11 5 41 474 141 690 
Total Home equity$127 $254 $378 $429 $463 $749 $7,238 $583 $10,221 
RV and marine
Credit Quality Indicator:
750+$464 $814 $797 $743 $649 $1,036 $— $— $4,503 
650-74986 229 238 180 179 300 — — 1,212 
<6501 17 31 28 37 78 — — 192 
Total RV and marine$551 $1,060 $1,066 $951 $865 $1,414 $— $— $5,907 
Other consumer
Credit Quality Indicator:
750+$240 $230 $74 $36 $17 $53 $515 $1 $1,166 
650-74999 114 39 15 5 10 434 4 720 
<6505 15 10 4 2 1 57 6 100 
Total Other consumer$344 $359 $123 $55 $24 $64 $1,006 $11 $1,986 
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 June 30, 2025
Commercial and industrial$2 $5 $16 $10 $2 $4 $9 $1 $49 
Commercial real estate2 — — — — — 1 — 3 
Lease financing— — — 1 1 2 — — 4 
Residential mortgage— — — — — 1 — — 1 
Automobile— 5 4 3 3 1 — — 16 
Home equity— — — — — — — 1 1 
RV and marine— 1 2 2 1 3 — — 9 
Other consumer3 5 4 2 1 3 — 10 28 
Total $7 $16 $26 $18 $8 $14 $10 $12 $111 
Six months ended June 30, 2025
Commercial and industrial$2 $11 $24 $43 $5 $13 $18 $2 $118 
Commercial real estate
2 — — — 1 — 1 — 4 
Lease financing
— 1 1 3 1 2 — — 8 
Residential mortgage— — — — — 2 — — 2 
Automobile
— 10 9 9 6 2 — — 36 
Home equity— — — — — — 1 2 3 
RV and marine— 1 4 3 3 7 — — 18 
Other consumer4 11 9 4 2 6 — 19 55 
Total$8 $34 $47 $62 $18 $32 $20 $23 $244 
Term Loans Gross Charge-offs by Origination Year
Revolver Gross Charge-offsRevolver Converted to Term Loans Gross Charge-offs
(dollar amounts in millions)20242023202220212020
Prior
Total
Three months ended June 30, 2024
Commercial and industrial$— $5 $19 $7 $— $2 $10 $— $43 
Commercial real estate9 1 21 1 — 18 — — 50 
Lease financing— 1 1 — — — — — 2 
Residential mortgage— — — — — 1 — — 1 
Automobile— 4 4 3 1 2 — — 14 
Home equity— — — — — — 1 1 2 
RV and marine— — 1 1 1 3 — — 6 
Other consumer2 6 3 2 1 4 — 9 27 
Total $11 $17 $49 $14 $3 $30 $11 $10 $145 
Six months ended June 30, 2024
Commercial and industrial$— $10 $30 $22 $11 $4 $20 $1 $98 
Commercial real estate
9 2 30 2 — 24 — — 67 
Lease financing
— 1 1 1 — 1 — — 4 
Residential mortgage
— — — — — 2 — — 2 
Automobile
— 8 9 7 3 2 — — 29 
Home equity
— — — — — — 1 3 4 
RV and marine— 1 2 3 2 6 — — 14 
Other consumer3 13 8 4 2 7 — 18 55 
Total$12 $35 $80 $39 $18 $46 $21 $22 $273 
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 June 30, 2025
Commercial and industrial$44 $158 $— $1 $203 0.33 %
Commercial real estate— 69 — — 69 0.64 
Residential mortgage— 12 3 2 17 0.07 
Automobile— 1 — — 1 0.01 
Home equity— 2 — 2 4 0.04 
Total loans to borrowers experiencing financial difficulty to which modifications were made
$44 $242 $3 $5 $294 0.22 %
Three months ended June 30, 2024
Commercial and industrial$34 $116 $— $41 $191 0.37 %
Commercial real estate— 184 — 14 198 1.66 
Residential mortgage— 15 1 1 17 0.07 
Automobile— 4 — — 4 0.03 
Home equity— 2 — 2 4 0.04 
Other consumer1 — — — 1 0.06 
Total loans to borrowers experiencing financial difficulty to which modifications were made
$35 $321 $1 $58 $415 0.33 %
Six months ended June 30, 2025
Commercial and industrial$91 $289 $— $5 $385 0.63 %
Commercial real estate— 140 — — 140 1.31 
Residential mortgage— 24 11 3 38 0.15 
Automobile— 3 — — 3 0.02 
Home equity— 4 — 4 8 0.08 
Other consumer1 — — — 1 0.05 
Total loans to borrowers experiencing financial difficulty in which modifications were made$92 $460 $11 $12 $575 0.43 %
Six months ended June 30, 2024
Commercial and industrial$84 $144 $— $42 $270 0.52 %
Commercial real estate— 198 — 14 212 1.78 
Residential mortgage— 23 4 1 28 0.12 
Automobile— 7 — 1 8 0.06 
Home equity— 3 — 6 9 0.09 
Other consumer1 — — — 1 0.06 
Total loans to borrowers experiencing financial difficulty in which modifications were made$85 $375 $4 $64 $528 0.42 %
(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 June 30, 2025
Commercial and industrial8.80 %6.38 %0.6
Commercial real estate  0.8
Residential mortgage7.1
Three months ended June 30, 2024
Commercial and industrial8.46 8.21 0.7
Commercial real estate7.98 7.85 0.4
Residential mortgage7.4
Six months ended June 30, 2025
Commercial and industrial8.32 %7.00 %0.9
Commercial real estate1.0
Residential mortgage6.5
Six months ended June 30, 2024
Commercial and industrial8.40 7.57 0.8
Commercial real estate7.98 7.85 0.4
Residential mortgage7.6
(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 June 30, 2025
Commercial and industrial$2 $1 $5 $8 $534 $542 
Commercial real estate— — 23 23 211 234 
Residential mortgage11 6 17 34 35 69 
Automobile1 — — 1 7 8 
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 June 30, 2025
$15 $8 $46 $69 $802 $871 
At June 30, 2024
Commercial and industrial$16 $1 $7 $24 $396 $420 
Commercial real estate— — 4 4 244 248 
Residential mortgage9 6 8 23 29 52 
Automobile2 1 — 3 12 15 
Home equity1 1 2 4 11 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 June 30, 2024
$28 $9 $21 $58 $695 $753