Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2021

Allowance for Credit Losses - Roll-forward

The following tables present ACL activity by portfolio segment for the three-month and six-month periods ended June 30, 2021 and 2020.


(dollar amounts in millions)	Commercial		Consumer		Total
Three-month period ended June 30, 2021:
ALLL balance, beginning of period	$	1,197	$	506	$	1,703

Loan and lease charge-offs (1)	(78)		(24)		(102)
Recoveries of loans and leases previously charged-off	19		21		40
Provision for loan and lease losses (2)	106		39		145
Allowance on loans and leases purchased with credit deterioration	374		58		432

ALLL balance, end of period	$	1,618	$	600	$	2,218
AULC balance, beginning of period	$	27	$	11	$	38

Provision for unfunded lending commitments (3)	49		17		66


AULC balance, end of period	$	76	$	28	$	104
ACL balance, end of period	$	1,694	$	628	$	2,322
Six-month period ended June 30, 2021:
ALLL balance, beginning of period	$	1,236	$	578	$	1,814

Loan and lease charge-offs (1)	(139)		(58)		(197)
Recoveries of loans and leases previously charged-off	31		40		71
Provision for loan and lease losses (2)	116		(18)		98
Allowance on loans and leases purchased with credit deterioration	374		58		432

ALLL balance, end of period	$	1,618	$	600	$	2,218
AULC balance, beginning of period	$	34	$	18	$	52

Provision for unfunded lending commitments (3)	43		10		53

Unfunded lending commitment losses	(1)		—		(1)
AULC balance, end of period	$	76	$	28	$	104
ACL balance, end of period	$	1,694	$	628	$	2,322


(dollar amounts in millions)	Commercial		Consumer		Total
Three-month period ended June 30, 2020:
ALLL balance, beginning of period	$	996	$	508	$	1,504

Loan and lease charge-offs	(84)		(39)		(123)
Recoveries of loans and leases previously charged-off	4		12		16
Provision for loan and lease losses	253		52		305


ALLL balance, end of period	$	1,169	$	533	$	1,702
AULC balance, beginning of period	$	58	$	41	$	99

Provision (reduction in allowance) for unfunded lending commitments	25		(3)		22

Unfunded lending commitment losses	(2)		—		(2)
AULC balance, end of period	$	81	$	38	$	119
ACL balance, end of period	$	1,250	$	571	$	1,821
Six-month period ended June 30, 2020:
ALLL balance, beginning of period	$	552	$	231	$	783
Cumulative-effect of change in accounting principle for financial instruments - credit losses (4)	180		211		391
Loan and lease charge-offs	(172)		(87)		(259)
Recoveries of loans and leases previously charged-off	9		26		35
Provision for loan and lease losses	600		152		752


ALLL balance, end of period	$	1,169	$	533	$	1,702
AULC balance, beginning of period	$	102	$	2	$	104
Cumulative-effect of change in accounting principle for financial instruments - credit losses (4)	2		—		2
Provision (reduction in allowance) for unfunded lending commitments	(20)		36		16

Unfunded lending commitment losses	(3)		—		(3)
AULC balance, end of period	$	81	$	38	$	119
ACL balance, end of period	$	1,250	$	571	$	1,821