LOANS AND LEASES (Tables)

v3.24.0.1

LOANS AND LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of financing receivable portfolio segments	The following table provides a detailed listing of Huntington’s loan and lease portfolio. At December 31, (dollar amounts in millions) 2023 2022 Commercial loan and lease portfolio: Commercial and industrial $ 50,657  $ 48,121  Commercial real estate 12,422  13,640  Lease financing 5,228  5,252  Total commercial loan and lease portfolio 68,307  67,013  Consumer loan portfolio: Residential mortgage 23,720  22,226  Automobile 12,482  13,154  Home equity 10,113  10,375  RV and marine 5,899  5,376  Other consumer 1,461  1,379  Total consumer loan portfolio 53,675  52,510  Total loans and leases (1)(2) 121,982  119,523  Allowance for loan and lease losses (2,255) (2,121) Net loans and leases $ 119,727  $ 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 $(323) million and $3 million at December 31, 2023 and 2022, respectively. (2)The total amount of accrued interest recorded for these loans and leases at December 31, 2023, was $333 million and $220 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 Condensed Consolidated Balance Sheets.
Lease financing receivables	The following table presents net investments in lease financing receivables by category.   At December 31, (dollar amounts in millions) 2023 2022 Lease payments receivable $ 4,980  $ 4,916  Estimated residual value of leased assets 804  788  Gross investment in lease financing receivables 5,784  5,704  Deferred origination costs 54  46  Deferred fees, unearned income and other (610) (498) Total lease financing receivables $ 5,228  $ 5,252
Nonaccrual loans by loan class	The following table presents NALs by class.  At December 31, 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 $ 66  $ 344  $ 49  $ 288  Commercial real estate 64  140  63  92  Lease financing 3  14  —  18  Residential mortgage —  72  —  90  Automobile —  4  —  4  Home Equity —  91  —  76  RV and marine —  2  —  1  Total nonaccrual loans and leases $ 133  $ 667  $ 112  $ 569
Aging analysis of loans and leases	The following tables present an aging analysis of loans and leases, by class. At December 31, 2023 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 Commercial and industrial $ 90  $ 48  $ 90  $ 228  $ 50,429  $ —  $ 50,657  $ 1  (2) Commercial real estate 28  20  32  80  12,342  —  12,422  —  Lease financing 35  15  9  59  5,169  —  5,228  4  Residential mortgage 205  88  193  486  23,060  174  23,720  146  (3) Automobile 89  23  12  124  12,358  —  12,482  9  Home equity 66  32  83  181  9,932  —  10,113  22  RV and marine 17  5  4  26  5,873  —  5,899  3  Other consumer 13  4  4  21  1,440  —  1,461  4  Total loans and leases $ 543  $ 235  $ 427  $ 1,205  $ 120,603  $ 174  $ 121,982  $ 189  At 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 Commercial and industrial $ 53  $ 19  $ 108  $ 180  $ 47,941  $ —  $ 48,121  $ 23  (2) Commercial real estate 2  1  9  12  13,628  —  13,640  —  Lease financing 36  18  10  64  5,188  —  5,252  9  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 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 credit quality indicator. At December 31, 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 $ 14,677  $ 9,889  $ 3,673  $ 2,151  $ 1,187  $ 1,431  $ 14,563  $ 3  $ 47,574  OLEM 213  239  64  20  12  20  462  —  1,030  Substandard 393  305  188  150  83  184  750  —  2,053  Total Commercial and industrial $ 15,283  $ 10,433  $ 3,925  $ 2,321  $ 1,282  $ 1,635  $ 15,775  $ 3  $ 50,657  Commercial real estate Credit Quality Indicator (1): Pass $ 1,395  $ 3,253  $ 1,774  $ 1,063  $ 1,152  $ 1,288  $ 585  $ —  $ 10,510  OLEM 163  406  112  65  32  54  60  —  892  Substandard 164  404  176  10  137  114  15  —  1,020  Total Commercial real estate $ 1,722  $ 4,063  $ 2,062  $ 1,138  $ 1,321  $ 1,456  $ 660  $ —  $ 12,422  Lease financing Credit Quality Indicator (1): Pass $ 1,973  $ 1,284  $ 828  $ 583  $ 243  $ 106  $ —  $ —  $ 5,017  OLEM 16  22  6  5  2  9  —  —  60  Substandard 20  66  31  16  13  5  —  —  151  Total Lease financing $ 2,009  $ 1,372  $ 865  $ 604  $ 258  $ 120  $ —  $ —  $ 5,228  Residential mortgage Credit Quality Indicator (2): 750+ $ 2,077  $ 3,963  $ 6,028  $ 3,292  $ 749  $ 2,191  $ —  $ —  $ 18,300  650-749 950  1,024  964  510  186  775  —  —  4,409  <650 24  79  82  64  85  503  —  —  837  Total Residential mortgage $ 3,051  $ 5,066  $ 7,074  $ 3,866  $ 1,020  $ 3,469  $ —  $ —  $ 23,546  Automobile Credit Quality Indicator (2): 750+ $ 2,624  $ 1,964  $ 1,525  $ 740  $ 367  $ 85  $ —  $ —  $ 7,305  650-749 1,438  1,305  907  370  168  53  —  —  4,241  <650 170  281  266  118  64  37  —  —  936  Total Automobile $ 4,232  $ 3,550  $ 2,698  $ 1,228  $ 599  $ 175  $ —  $ —  $ 12,482  Home Equity Credit Quality Indicator (2): 750+ $ 381  $ 429  $ 512  $ 534  $ 17  $ 244  $ 4,454  $ 233  $ 6,804  650-749 136  100  65  57  7  101  2,083  230  2,779  <650 2  6  3  3  2  43  344  127  530  Total Home equity $ 519  $ 535  $ 580  $ 594  $ 26  $ 388  $ 6,881  $ 590  $ 10,113  RV and marine Credit Quality Indicator (2): 750+ $ 1,206  $ 971  $ 867  $ 588  $ 295  $ 612  $ —  $ —  $ 4,539  650-749 289  248  252  158  91  210  —  —  1,248  <650 4  12  21  18  14  43  —  —  112  Total RV and marine $ 1,499  $ 1,231  $ 1,140  $ 764  $ 400  $ 865  $ —  $ —  $ 5,899  Other consumer Credit Quality Indicator (2): 750+ $ 186  $ 80  $ 39  $ 19  $ 17  $ 48  $ 424  $ 3  $ 816  650-749 98  43  17  6  5  12  383  13  577  <650 4  5  3  1  1  1  39  14  68  Total Other consumer $ 288  $ 128  $ 59  $ 26  $ 23  $ 61  $ 846  $ 30  $ 1,461  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.
Detailed troubled debt restructuring information by class	The following tables present the gross charge-offs of loans and leases by vintage. Year Ended December 31, 2023 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 Commercial and industrial $ 9  $ 47  $ 48  $ 14  $ 33  $ 13  $ 11  $ 2  $ 177  Commercial real estate 8  9  31  —  26  4  7  —  85  Lease Financing —  4  2  1  1  —  —  —  8  Residential mortgage —  —  1  —  —  4  —  —  5  Automobile 3  16  16  7  5  3  —  —  50  Home equity —  —  —  —  —  1  2  6  9  RV and marine —  2  4  3  3  7  —  —  19  Other consumer 14  23  13  5  5  12  —  29  101  Total $ 34  $ 101  $ 115  $ 30  $ 73  $ 44  $ 20  $ 37  $ 454  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. Year Ended December 31, 2023 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) Commercial and industrial $ 64  $ 387  $ —  $ 4  $ 455  0.90  % Commercial real estate 2  151  —  4  157  1.26  Residential mortgage —  58  2  4  64  0.27  Automobile —  14  —  1  15  0.12  Home equity —  2  —  10  12  0.12  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 $ 67  $ 613  $ 2  $ 23  $ 705  0.58  % (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. Year Ended December 31, 2023 Interest Rate Reduction (1) Term Extension (1) Weighted-average contractual interest rate Weighted-average years added to the life From To Commercial and industrial 8.62  % 8.05  % 1.0 Commercial real estate 13.42  8.75  1.0 Residential mortgage 6.32  4.64  7.7 Automobile 6.60  6.26  1.9 Home equity 8.88  6.15  14.6 (1)Certain disclosures related to financial effects of modifications do not include deemed to be immaterial. The following table depicts the performance of loans that have been modified during the reporting period. At December 31, 2023 Past Due (dollar amounts in millions) 30-59  Days 60-89  Days 90 or  more days Total Current Total Commercial and industrial $ 21  $ 25  $ 7  $ 53  $ 402  $ 455  Commercial real estate —  —  5  5  152  157  Residential mortgage 9  8  11  28  36  64  Automobile 2  1  —  3  12  15  Home equity 1  1  1  3  9  12  RV and marine —  —  —  —  1  1  Other consumer —  —  —  —  1  1  Total loans to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended December 31, 2023 $ 33  $ 35  $ 24  $ 92  $ 613  $ 705  The following table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification. At December 31, 2022 New Troubled Debt Restructurings (1) Number of Contracts Post-modification Outstanding Recorded Investment (2) (dollar amounts in millions) Interest rate concession Amortization or maturity date concession Chapter 7 bankruptcy Other Total Commercial and industrial 313  $ 92  $ 62  $ —  $ 15  $ 169  Commercial real estate 26  62  27  —  —  89  Residential mortgage 806  —  109  5  —  114  Automobile 2,368  —  17  3  —  20  Home equity 228  —  8  4  —  12  RV and marine 137  —  2  1  —  3  Other consumer 127  —  —  —  1  1  Total new TDRs 4,005  $ 154  $ 225  $ 13  $ 16  $ 408  (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.