LOANS AND LEASES (Tables)

9 Months Ended

Sep. 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 September 30, 2025		At December 31, 2024
Commercial loan and lease portfolio:
Commercial and industrial	$	62,978	$	56,809
Commercial real estate	10,732		11,078
Lease financing	5,515		5,454
Total commercial loan and lease portfolio	79,225		73,341
Consumer loan portfolio:
Residential mortgage	24,502		24,242
Automobile	15,996		14,564
Home equity	10,314		10,142
RV and marine	5,805		5,982
Other consumer	2,114		1,771
Total consumer loan portfolio	58,731		56,701
Total loans and leases (1)(2)	137,956		130,042
Allowance for loan and lease losses	(2,374)		(2,244)
Net loans and leases	$	135,582	$	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 $638 million and $468 million at September 30, 2025 and December 31, 2024, respectively.

(2)The total amount of accrued interest recorded for loans and leases at September 30, 2025 was $319 million and $250 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 September 30, 2025		At December 31, 2024
Lease payments receivable	$	5,209	$	5,189
Estimated residual value of leased assets	951		884
Gross investment in lease financing receivables	6,160		6,073
Deferred origination costs	55		56
Deferred fees, unearned income, and other	(700)		(675)
Total lease financing receivables	$	5,515	$	5,454

NALs and Past Due Loans

The following table presents NALs by loan class.

	At September 30, 2025				At December 31, 2024
(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	$	22	$	455	$	71	$	457
Commercial real estate	56		131		75		118
Lease financing	—		10		—		10
Residential mortgage	3		97		—		83
Automobile	—		6		—		6
Home equity	—		108		—		107
RV and marine	—		1		—		2
Total nonaccrual loans and leases	$	81	$	808	$	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 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 September 30, 2025
Commercial and industrial	$	104	$	59	$	250	$	413	$	62,565	$	—	$	62,978	$	1	(2)
Commercial real estate	1		—		35		36		10,696		—		10,732		—
Lease financing	37		11		9		57		5,458		—		5,515		6
Residential mortgage	216		86		248		550		23,781		171		24,502		187		(3)
Automobile	114		28		15		157		15,839		—		15,996		12
Home equity	53		33		89		175		10,139		—		10,314		20
RV and marine	21		6		3		30		5,775		—		5,805		3
Other consumer	16		7		5		28		2,086		—		2,114		5
Total loans and leases	$	562	$	230	$	654	$	1,446	$	136,339	$	171	$	137,956	$	234
At December 31, 2024
Commercial and industrial	$	96	$	46	$	232	$	374	$	56,435	$	—	$	56,809	$	3	(2)
Commercial real estate	35		—		39		74		11,004		—		11,078		—
Lease financing	56		23		14		93		5,361		—		5,454		11
Residential mortgage	196		98		242		536		23,533		173		24,242		185		(3)
Automobile	117		27		16		160		14,404		—		14,564		12
Home equity	64		32		92		188		9,954		—		10,142		20
RV and marine	26		7		5		38		5,944		—		5,982		4
Other consumer	13		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 September 30, 2025
	Term Loans Amortized Cost Basis by Origination Year												Revolver Total at Amortized Cost Basis		Revolver Total Converted to Term Loans
(dollar amounts in millions)	2025		2024		2023		2022		2021		Prior						Total
Commercial and industrial
Credit Quality Indicator:
Pass	$	14,836	$	9,997	$	5,627	$	4,737	$	2,052	$	2,679	$	19,907	$	7	$	59,842
OLEM	120		206		85		56		14		13		233		—		727
Substandard	412		392		336		284		136		146		703		—		2,409
Total Commercial and industrial	$	15,368	$	10,595	$	6,048	$	5,077	$	2,202	$	2,838	$	20,843	$	7	$	62,978
Commercial real estate
Credit Quality Indicator:
Pass	$	1,567	$	1,224	$	735	$	1,946	$	955	$	2,225	$	645	$	—	$	9,297
OLEM	112		37		61		152		102		83		19		—		566
Substandard	95		147		147		188		85		169		38		—		869
Total Commercial real estate	$	1,774	$	1,408	$	943	$	2,286	$	1,142	$	2,477	$	702	$	—	$	10,732
Lease financing
Credit Quality Indicator:
Pass	$	1,598	$	1,576	$	1,243	$	436	$	289	$	321	$	—	$	—	$	5,463
OLEM	—		22		1		1		—		—		—		—		24
Substandard	—		5		4		14		1		4		—		—		28
Total Lease financing	$	1,598	$	1,603	$	1,248	$	451	$	290	$	325	$	—	$	—	$	5,515
Residential mortgage
Credit Quality Indicator:
750+	$	1,245	$	1,871	$	2,106	$	3,705	$	5,290	$	5,086	$	—	$	—	$	19,303
650-749	634		528		414		617		690		1,048		—		—		3,931
<650	53		95		81		148		107		613		—		—		1,097
Total Residential mortgage	$	1,932	$	2,494	$	2,601	$	4,470	$	6,087	$	6,747	$	—	$	—	$	24,331
Automobile
Credit Quality Indicator:
750+	$	3,312	$	2,965	$	1,178	$	886	$	529	$	163	$	—	$	—	$	9,033
650-749	2,276		1,822		632		437		251		77		—		—		5,495
<650	381		445		234		207		145		56		—		—		1,468
Total Automobile	$	5,969	$	5,232	$	2,044	$	1,530	$	925	$	296	$	—	$	—	$	15,996
Home equity
Credit Quality Indicator:
750+	$	139	$	176	$	265	$	333	$	392	$	564	$	4,817	$	237	$	6,923
650-749	45		57		77		65		46		103		2,090		207		2,690
<650	1		6		13		13		6		40		477		145		701
Total Home equity	$	185	$	239	$	355	$	411	$	444	$	707	$	7,384	$	589	$	10,314
RV and marine
Credit Quality Indicator:
750+	$	624	$	761	$	750	$	704	$	614	$	968	$	—	$	—	$	4,421
650-749	135		213		220		171		169		280		—		—		1,188
<650	4		18		32		29		38		75		—		—		196
Total RV and marine	$	763	$	992	$	1,002	$	904	$	821	$	1,323	$	—	$	—	$	5,805
Other consumer
Credit Quality Indicator:
750+	$	319	$	204	$	63	$	30	$	14	$	53	$	554	$	1	$	1,238
650-749	145		99		34		12		4		9		462		3		768
<650	9		16		9		4		1		1		63		5		108
Total Other consumer	$	473	$	319	$	106	$	46	$	19	$	63	$	1,079	$	9	$	2,114

	At December 31, 2024
	Term Loans Amortized Cost Basis by Origination Year												Revolver Total at Amortized Cost Basis		Revolver Total Converted to Term Loans
(dollar amounts in millions)	2024		2023		2022		2021		2020		Prior						Total
Commercial and industrial
Credit Quality Indicator:
Pass	$	16,097	$	7,939	$	6,587	$	2,747	$	1,708	$	1,846	$	16,790	$	4	$	53,718
OLEM	124		80		82		24		7		23		273		—		613
Substandard	445		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
Substandard	218		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
OLEM	7		2		2		1		1		—		—		—		13
Substandard	1		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
650-749	768		542		748		781		423		791		—		—		4,053
<650	55		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
650-749	2,560		981		716		459		159		56		—		—		4,931
<650	336		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
650-749	70		92		74		50		44		78		2,051		214		2,673
<650	2		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
650-749	247		268		201		198		123		226		—		—		1,263
<650	7		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
650-749	148		55		21		8		2		9		423		7		673
<650	9		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)	2025		2024		2023		2022		2021		Prior						Total
Three months ended September 30, 2025
Commercial and industrial	$	4	$	6	$	30	$	4	$	3	$	3	$	9	$	3	$	62
Commercial real estate	—		—		—		1		—		16		—		—		17
Lease financing	—		—		—		1		—		—		—		—		1
Residential mortgage	—		—		—		—		—		—		—		—		—
Automobile	2		6		4		3		3		1		—		—		19
Home equity	—		—		—		—		—		—		—		2		2
RV and marine	—		1		2		—		1		3		—		—		7
Other consumer	4		6		3		2		1		4		—		9		29
Total	$	10	$	19	$	39	$	11	$	8	$	27	$	9	$	14	$	137
Nine months ended September 30, 2025
Commercial and industrial	$	6	$	17	$	54	$	47	$	8	$	16	$	27	$	5	$	180
Commercial real estate	2		—		—		1		1		16		1		—		21
Lease financing	—		1		1		4		1		2		—		—		9
Residential mortgage	—		—		—		—		—		2		—		—		2
Automobile	2		16		13		12		9		3		—		—		55
Home equity	—		—		—		—		—		—		1		4		5
RV and marine	—		2		6		3		4		10		—		—		25
Other consumer	8		17		12		6		3		10		—		28		84
Total	$	18	$	53	$	86	$	73	$	26	$	59	$	29	$	37	$	381
	Term Loans Gross Charge-offs by Origination Year												Revolver Gross Charge-offs		Revolver Converted to Term Loans Gross Charge-offs
(dollar amounts in millions)	2024		2023		2022		2021		2020		Prior						Total
Three months ended September 30, 2024
Commercial and industrial	$	1	$	7	$	30	$	13	$	1	$	2	$	8	$	1	$	63
Commercial real estate	2		2		—		1		—		—		4		—		9
Lease financing	—		1		—		1		—		—		—		—		2
Residential mortgage	—		—		—		—		—		—		—		—		—
Automobile	2		5		4		3		1		1		—		—		16
Home equity	—		—		—		—		—		1		—		1		2
RV and marine	—		1		1		2		1		2		—		—		7
Other consumer	5		6		4		2		1		4		—		8		30
Total	$	10	$	22	$	39	$	22	$	4	$	10	$	12	$	10	$	129
Nine months ended September 30, 2024
Commercial and industrial	$	1	$	17	$	60	$	35	$	12	$	6	$	28	$	2	$	161
Commercial real estate	11		4		30		3		—		24		4		—		76
Lease financing	—		2		1		2		—		1		—		—		6
Residential mortgage	—		—		—		—		—		2		—		—		2
Automobile	2		13		13		10		4		3		—		—		45
Home equity	—		—		—		—		—		1		1		4		6
RV and marine	—		2		3		5		3		8		—		—		21
Other consumer	8		19		12		6		3		11		—		26		85
Total	$	22	$	57	$	119	$	61	$	22	$	56	$	33	$	32	$	402

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 September 30, 2025
Commercial and industrial	$	24	$	105	$	—	$	1	$	130	0.21	%
Commercial real estate	—		125		—		—		125		1.16
Residential mortgage	—		18		3		1		22		0.09
Automobile	—		4		—		—		4		0.03
Home equity	—		2		—		3		5		0.05
RV and marine	—		1		—		—		1		0.02
Total loans to borrowers experiencing financial difficulty to which modifications were made	$	24	$	255	$	3	$	5	$	287	0.21	%
Three months ended September 30, 2024
Commercial and industrial	$	22	$	165	$	—	$	17	$	204	0.38	%
Commercial real estate	—		168		—		11		179		1.55
Residential mortgage	—		15		1		1		17		0.07
Automobile	—		3		—		—		3		0.02
Home equity	—		1		—		3		4		0.04
Other consumer	1		—		—		—		1		0.06
Total loans to borrowers experiencing financial difficulty to which modifications were made	$	23	$	352	$	1	$	32	$	408	0.34	%
Nine months ended September 30, 2025
Commercial and industrial	$	91	$	261	$	—	$	2	$	354	0.56	%
Commercial real estate	—		213		—		—		213		1.98
Residential mortgage	—		38		14		4		56		0.23
Automobile	—		6		—		—		6		0.04
Home equity	—		6		—		7		13		0.13
RV and marine	—		1		—		—		1		0.02
Other consumer	1		—		—		—		1		0.05
Total loans to borrowers experiencing financial difficulty in which modifications were made	$	92	$	525	$	14	$	13	$	644	0.47	%
Nine months ended September 30, 2024
Commercial and industrial	$	42	$	240	$	—	$	63	$	345	0.64	%
Commercial real estate	—		228		—		25		253		2.19
Residential mortgage	—		37		5		3		45		0.19
Automobile	—		10		—		1		11		0.08
Home equity	—		4		—		9		13		0.13
RV and marine	—		1		—		—		1		0.02
Other consumer	1		—		—		—		1		0.06
Total loans to borrowers experiencing financial difficulty in which modifications were made	$	43	$	520	$	5	$	101	$	669	0.55	%

(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 rate				Weighted-average years added to the life
	From		To
Three months ended September 30, 2025
Commercial and industrial	9.93	%	8.16	%	0.7
Commercial real estate					0.3
Residential mortgage					6.1
Three months ended September 30, 2024
Commercial and industrial	7.81	%	6.56	%	0.7
Commercial real estate					1.0
Residential mortgage					5.8
Nine months ended September 30, 2025
Commercial and industrial	8.67	%	7.32	%	1.1
Commercial real estate					0.8
Residential mortgage					6.2
Nine months ended September 30, 2024
Commercial and industrial	8.80	%	7.60	%	0.8
Commercial real estate	8.26		7.90		1.0
Residential mortgage					6.9

(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		Total		Current		Total
At September 30, 2025
Commercial and industrial	$	21	$	8	$	9	$	38	$	397	$	435
Commercial real estate	—		—		1		1		219		220
Residential mortgage	13		6		18		37		33		70
Automobile	1		—		—		1		7		8
Home equity	2		1		1		4		12		16
RV and marine	—		—		—		—		1		1
Other consumer	—		—		—		—		1		1
Total loans to borrowers experiencing financial difficulty to which modifications were made in the twelve months ended September 30, 2025	$	37	$	15	$	29	$	81	$	670	$	751
At September 30, 2024
Commercial and industrial	$	1	$	2	$	4	$	7	$	418	$	425
Commercial real estate	9		—		5		14		245		259
Residential mortgage	10		4		11		25		29		54
Automobile	2		1		—		3		12		15
Home equity	1		—		4		5		11		16
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 September 30, 2024	$	23	$	7	$	24	$	54	$	718	$	772