LOANS AND LEASES (Tables)

v3.23.3

LOANS AND LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Loan and Lease Portfolio	The following table provides a detailed listing of Huntington’s loan and lease portfolio at September 30, 2023 and December 31, 2022. (dollar amounts in millions) At September 30, 2023 At December 31, 2022 Commercial loan and lease portfolio: Commercial and industrial $ 49,422  $ 48,121  Commercial real estate 12,668  13,640  Lease financing 5,161  5,252  Total commercial loan and lease portfolio 67,251  67,013  Consumer loan portfolio: Residential mortgage 23,427  22,226  Automobile 12,724  13,154  Home equity 10,118  10,375  RV and marine 5,937  5,376  Other consumer 1,396  1,379  Total consumer loan portfolio 53,602  52,510  Total loans and leases (1)(2) 120,853  119,523  Allowance for loan and lease losses (2,208) (2,121) Net loans and leases $ 118,645  $ 117,402  (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) premium of $(150) million and $3 million at September 30, 2023 and December 31, 2022, respectively. (2)The total amount of accrued interest recorded for these loans and leases at September 30, 2023, was $323 million and $209 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2022, was $274 million and $186 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Consolidated Balance Sheets.
Direct Financing Lease, Lease Income	The following table presents net investments in lease financing receivables by category at September 30, 2023 and December 31, 2022. (dollar amounts in millions) At September 30, 2023 At December 31, 2022 Lease payments receivable $ 4,867  $ 4,916  Estimated residual value of leased assets 805  788  Gross investment in lease financing receivables 5,672  5,704  Deferred origination costs 53  46  Deferred fees, unearned income and other (564) (498) Total lease financing receivables $ 5,161  $ 5,252
NALs and Past Due Loans	The following table presents NALs by class at September 30, 2023 and December 31, 2022: At September 30, 2023 At December 31, 2022 (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 $ 48  $ 314  $ 49  $ 288  Commercial real estate 69  102  63  92  Lease financing 3  14  —  18  Residential mortgage —  75  —  90  Automobile —  4  —  4  Home equity —  82  —  76  RV and marine —  1  —  1  Total nonaccrual loans and leases $ 120  $ 592  $ 112  $ 569
Aging analysis of loans and leases	The following tables present an aging analysis of loans and leases, by class at September 30, 2023 and December 31, 2022: 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, 2023 Commercial and industrial $ 45  $ 31  $ 81  $ 157  $ 49,265  $ —  $ 49,422  $ —  Commercial real estate 21  5  27  53  12,615  —  12,668  —  Lease financing 39  18  9  66  5,095  —  5,161  7  (2) Residential mortgage 230  68  170  468  22,785  174  23,427  124  (3) Automobile 81  20  11  112  12,612  —  12,724  8  Home equity 56  28  76  160  9,957  1  10,118  19  RV and marine 17  5  3  25  5,912  —  5,937  2  Other consumer 11  5  3  19  1,377  —  1,396  3  Total loans and leases $ 500  $ 180  $ 380  $ 1,060  $ 119,618  $ 175  $ 120,853  $ 163  At December 31, 2022 Commercial and industrial $ 53  $ 19  $ 108  $ 180  $ 47,941  $ —  $ 48,121  $ 23  (4) Commercial real estate 2  1  9  12  13,628  —  13,640  —  Lease financing 36  18  10  64  5,188  —  5,252  9  (2) Residential mortgage 246  69  199  514  21,528  184  22,226  146  (3) Automobile 88  20  11  119  13,035  —  13,154  9  Home equity 56  30  66  152  10,222  1  10,375  15  RV and marine 15  5  3  23  5,353  —  5,376  3  Other consumer 13  3  3  19  1,360  —  1,379  2  Total loans and leases $ 509  $ 165  $ 409  $ 1,083  $ 118,255  $ 185  $ 119,523  $ 207  (1)NALs are included in this aging analysis based on the loan’s past due status. (2)Amounts include Huntington Technology Finance administrative lease delinquencies. (3)Amounts include mortgage loans insured by U.S. government agencies. (4)Amounts include SBA loans and leases.
Loan and lease balances by credit quality indicator	The following tables present the amortized cost basis of loans and leases by vintage and credit quality indicator at September 30, 2023 and December 31, 2022 respectively: At September 30, 2023 Term Loans Amortized Cost Basis by Origination Year Revolver Total at Amortized Cost Basis Revolver Total Converted to Term Loans (dollar amounts in millions) 2023 2022 2021 2020 2019 Prior Total Commercial and industrial Credit Quality Indicator (1): Pass $ 12,138  $ 11,025  $ 4,096  $ 2,354  $ 1,381  $ 1,593  $ 13,929  $ 5  $ 46,521  OLEM 98  214  81  31  15  13  344  —  796  Substandard 306  324  193  159  151  230  732  —  2,095  Doubtful 9  1  —  —  —  —  —  —  10  Total Commercial and industrial $ 12,551  $ 11,564  $ 4,370  $ 2,544  $ 1,547  $ 1,836  $ 15,005  $ 5  $ 49,422  Commercial real estate Credit Quality Indicator (1): Pass $ 1,200  $ 3,562  $ 2,050  $ 1,154  $ 1,294  $ 1,469  $ 533  $ —  $ 11,262  OLEM 117  290  116  53  33  25  1  —  635  Substandard 152  234  103  18  133  115  16  —  771  Total Commercial real estate $ 1,469  $ 4,086  $ 2,269  $ 1,225  $ 1,460  $ 1,609  $ 550  $ —  $ 12,668  Lease financing Credit Quality Indicator (1): Pass $ 1,449  $ 1,479  $ 933  $ 680  $ 298  $ 155  $ —  $ —  $ 4,994  OLEM 4  10  9  9  3  1  —  —  36  Substandard 8  49  38  13  14  8  —  —  130  Doubtful —  —  1  —  —  —  —  —  1  Total Lease financing $ 1,461  $ 1,538  $ 981  $ 702  $ 315  $ 164  $ —  $ —  $ 5,161  Residential mortgage Credit Quality Indicator (2): 750+ $ 1,609  $ 3,972  $ 6,077  $ 3,330  $ 769  $ 2,253  $ —  $ —  $ 18,010  650-749 882  1,023  970  515  188  794  —  —  4,372  <650 54  72  81  64  86  514  —  —  871  Total Residential mortgage $ 2,545  $ 5,067  $ 7,128  $ 3,909  $ 1,043  $ 3,561  $ —  $ —  $ 23,253  Automobile Credit Quality Indicator (2): 750+ $ 1,993  $ 2,158  $ 1,709  $ 862  $ 457  $ 135  $ —  $ —  $ 7,314  650-749 1,250  1,423  1,007  426  205  78  —  —  4,389  <650 164  306  294  134  75  48  —  —  1,021  Total Automobile $ 3,407  $ 3,887  $ 3,010  $ 1,422  $ 737  $ 261  $ —  $ —  $ 12,724  Home equity Credit Quality Indicator (2): 750+ $ 322  $ 443  $ 530  $ 553  $ 18  $ 261  $ 4,490  $ 231  $ 6,848  650-749 99  103  68  59  7  105  2,046  231  2,718  <650 2  6  4  3  2  45  360  129  551  Total Home equity $ 423  $ 552  $ 602  $ 615  $ 27  $ 411  $ 6,896  $ 591  $ 10,117  RV and marine Credit Quality Indicator (2): 750+ $ 1,070  $ 1,007  $ 899  $ 616  $ 308  $ 647  $ —  $ —  $ 4,547  650-749 273  256  260  164  95  222  —  —  1,270  <650 4  13  22  19  15  47  —  —  120  Total RV and marine $ 1,347  $ 1,276  $ 1,181  $ 799  $ 418  $ 916  $ —  $ —  $ 5,937  Other consumer Credit Quality Indicator (2): 750+ $ 152  $ 89  $ 44  $ 22  $ 20  $ 53  $ 398  $ 3  $ 781  650-749 75  48  19  7  6  13  366  14  548  <650 4  6  3  1  2  1  37  13  67  Total Other consumer $ 231  $ 143  $ 66  $ 30  $ 28  $ 67  $ 801  $ 30  $ 1,396  (1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades. (2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly. At December 31, 2022 Term Loans Amortized Cost Basis by Origination Year Revolver Total at Amortized Cost Basis Revolver Total Converted to Term Loans (dollar amounts in millions) 2022 2021 2020 2019 2018 Prior Total Commercial and industrial Credit Quality Indicator (1): Pass $ 18,092  $ 6,742  $ 3,332  $ 2,107  $ 1,156  $ 1,186  $ 13,060  $ 3  $ 45,678  OLEM 108  139  72  21  49  26  113  —  528  Substandard 368  183  203  212  142  256  550  —  1,914  Doubtful —  —  —  —  —  1  —  —  1  Total Commercial and industrial $ 18,568  $ 7,064  $ 3,607  $ 2,340  $ 1,347  $ 1,469  $ 13,723  $ 3  $ 48,121  Commercial real estate Credit Quality Indicator (1): Pass $ 4,022  $ 3,115  $ 1,562  $ 1,662  $ 829  $ 1,020  $ 519  $ —  $ 12,729  OLEM 61  53  1  43  6  9  —  —  173  Substandard 231  116  92  74  84  140  1  —  738  Total Commercial real estate $ 4,314  $ 3,284  $ 1,655  $ 1,779  $ 919  $ 1,169  $ 520  $ —  $ 13,640  Lease financing Credit Quality Indicator (1): Pass $ 1,930  $ 1,291  $ 952  $ 447  $ 186  $ 143  $ —  $ —  $ 4,949  OLEM 32  9  15  18  6  3  —  —  83  Substandard 65  37  74  24  9  11  —  —  220  Total Lease financing $ 2,027  $ 1,337  $ 1,041  $ 489  $ 201  $ 157  $ —  $ —  $ 5,252  Residential mortgage Credit Quality Indicator (2): 750+ $ 3,666  $ 6,274  $ 3,566  $ 846  $ 469  $ 2,070  $ —  $ —  $ 16,891  650-749 1,394  1,172  617  211  137  777  —  —  4,308  <650 49  68  61  95  90  480  —  —  843  Total Residential mortgage $ 5,109  $ 7,514  $ 4,244  $ 1,152  $ 696  $ 3,327  $ —  $ —  $ 22,042  Automobile Credit Quality Indicator (2): 750+ $ 2,770  $ 2,212  $ 1,243  $ 777  $ 289  $ 98  $ —  $ —  $ 7,389  650-749 1,944  1,508  683  367  162  52  —  —  4,716  <650 307  352  173  115  67  35  —  —  1,049  Total Automobile $ 5,021  $ 4,072  $ 2,099  $ 1,259  $ 518  $ 185  $ —  $ —  $ 13,154  Home equity Credit Quality Indicator (2): 750+ $ 463  $ 573  $ 611  $ 23  $ 20  $ 301  $ 4,787  $ 252  $ 7,030  650-749 131  88  68  9  8  122  2,129  261  2,816  <650 3  3  3  2  2  51  335  129  528  Total Home equity $ 597  $ 664  $ 682  $ 34  $ 30  $ 474  $ 7,251  $ 642  $ 10,374  RV and marine Credit Quality Indicator (2): 750+ $ 1,148  $ 1,031  $ 731  $ 361  $ 354  $ 438  $ —  $ —  $ 4,063  650-749 290  315  200  118  113  169  —  —  1,205  <650 5  18  15  17  17  36  —  —  108  Total RV and marine $ 1,443  $ 1,364  $ 946  $ 496  $ 484  $ 643  $ —  $ —  $ 5,376  Other consumer Credit Quality Indicator (2): 750+ $ 207  $ 64  $ 35  $ 34  $ 13  $ 52  $ 393  $ 3  $ 801  650-749 71  30  12  15  4  14  355  16  517  <650 3  3  2  3  1  2  33  14  61  Total Other consumer $ 281  $ 97  $ 49  $ 52  $ 18  $ 68  $ 781  $ 33  $ 1,379  (1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades. (2)Consistent with the credit quality disclosures, indicators for the Consumer portfolio are based on updated customer credit scores refreshed at least quarterly. 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) 2023 2022 2021 2020 2019 Prior Total Three months ended September 30, 2023 Commercial and industrial $ 2  $ 21  $ 6  $ 6  $ 15  $ 1  $ 3  $ —  $ 54  Commercial real estate 5  6  —  —  10  —  7  —  28  Lease Financing —  3  —  —  —  —  —  —  3  Residential mortgage —  —  —  —  —  1  —  —  1  Automobile 1  5  3  1  1  1  —  —  12  Home equity —  —  —  —  —  1  —  1  2  RV and marine —  —  1  1  1  2  —  —  5  Other consumer 5  5  3  1  1  4  —  7  26  Total $ 13  $ 40  $ 13  $ 9  $ 28  $ 10  $ 10  $ 8  $ 131  Nine months ended September 30, 2023 Commercial and industrial $ 4  $ 39  $ 23  $ 13  $ 26  $ 11  $ 7  $ 1  $ 124  Commercial real estate 5  9  19  —  15  5  7  —  60  Lease Financing —  3  1  1  —  1  —  —  6  Residential mortgage —  —  1  —  —  3  —  —  4  Automobile 1  11  11  5  4  3  —  —  35  Home equity —  —  —  —  —  1  1  4  6  RV and marine —  1  2  2  2  5  —  —  12  Other consumer 8  18  11  4  4  10  —  20  75  Total $ 18  $ 81  $ 68  $ 25  $ 51  $ 39  $ 15  $ 25  $ 322
Summary of modifications	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, 2023 Commercial and industrial $ 1  $ 147  $ —  $ 1  $ 149  0.30  % Commercial real estate —  52  —  4  56  0.44  Residential mortgage —  15  —  1  16  0.07  Automobile —  4  —  —  4  0.03  Home equity —  —  —  3  3  0.03  Total loans to borrowers experiencing financial difficulty in which modifications were made $ 1  $ 218  $ —  $ 9  $ 228  0.19  % Nine months ended September 30, 2023 Commercial and industrial $ 33  $ 291  $ —  $ 4  $ 328  0.66  % Commercial real estate —  138  —  4  142  1.12  Residential mortgage —  50  2  3  55  0.23  Automobile —  11  —  1  12  0.09  Home equity —  1  —  8  9  0.09  RV and marine —  1  —  —  1  0.02  Other consumer 1  —  —  —  1  0.07  Total loans to borrowers experiencing financial difficulty in which modifications were made $ 34  $ 492  $ 2  $ 20  $ 548  0.45  % (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, 2023 Commercial and industrial 10.56  % 8.11  % 1.0 Commercial real estate 13.78  9.12  0.6 Residential mortgage 6.98  5.14  8.4 Nine months ended September 30, 2023 Commercial and industrial 7.96  % 7.25  % 1.0 Commercial real estate 13.76  9.12  0.7 Residential mortgage 6.04  4.59  7.6 Automobile 6.53  6.18  2.0 Home equity 8.71  6.04  14.6 (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 reporting period. At September 30, 2023 Past Due (dollar amounts in millions) 30-59  Days 60-89  Days 90 or  more days Total Current Total Commercial and industrial $ 2  $ 1  $ 3  $ 6  $ 322  $ 328  Commercial real estate —  5  1  6  136  142  Residential mortgage 10  5  7  22  33  55  Automobile 1  —  —  1  11  12  Home equity —  —  1  1  8  9  RV and marine —  —  —  —  1  1  Other consumer —  —  —  —  1  1  Total loans to borrowers experiencing financial difficulty in which modifications were made in the nine months ended September 30, 2023 $ 13  $ 11  $ 12  $ 36  $ 512  $ 548
Summary of Troubled Debt Restructuring Note, Debtor	The following table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification for the three-month and nine-month period ended September 30, 2022. New Troubled Debt Restructurings (1) Number of Contracts Post-modification Outstanding Recorded Investment (2) (dollar amounts in millions) Interest rate reduction Amortization or maturity date change Chapter 7 bankruptcy Other Total Three months ended September 30, 2022 Commercial and industrial 81  $ 39  $ 22  $ —  $ 13  $ 74  Commercial real estate 7  5  10  —  —  15  Residential mortgage 184  —  25  1  —  26  Automobile 697  —  6  1  —  7  Home equity 54  —  1  —  —  1  RV and marine 31  —  1  1  —  2  Other consumer 38  —  —  —  —  —  Total new TDRs 1,092  $ 44  $ 65  $ 3  $ 13  $ 125  Nine months ended September 30, 2022 Commercial and industrial 222  $ 69  $ 37  $ —  $ 14  $ 120  Commercial real estate 12  42  10  —  —  52  Residential mortgage 629  —  85  5  —  90  Automobile 1,791  —  13  2  —  15  Home equity 166  —  5  3  —  8  RV and marine 105  —  2  1  —  3  Other consumer 91  —  —  —  —  —  Total new TDRs 3,016  $ 111  $ 152  $ 11  $ 14  $ 288  (1)TDRs may include multiple concessions and the disclosure classifications are based on the primary concession provided to the borrower. (2)Post-modification balances approximate pre-modification balances.