LOANS AND LEASES

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LOANS AND LEASES	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
LOANS AND LEASES	LOANS AND LEASES The following table provides a detailed listing of Huntington’s loan and lease portfolio. (dollar amounts in millions) At March 31, 2024 At December 31, 2023 Commercial loan and lease portfolio: Commercial and industrial $ 51,500  $ 50,657  Commercial real estate 12,342  12,422  Lease financing 5,133  5,228  Total commercial loan and lease portfolio 68,975  68,307  Consumer loan portfolio: Residential mortgage 23,744  23,720  Automobile 12,662  12,482  Home equity 10,047  10,113  RV and marine 5,887  5,899  Other consumer 1,452  1,461  Total consumer loan portfolio 53,792  53,675  Total loans and leases (1)(2) 122,767  121,982  Allowance for loan and lease losses (2,280) (2,255) Net loans and leases $ 120,487  $ 119,727  (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 $349 million and $323 million at March 31, 2024 and December 31, 2023, respectively. (2)The total amount of accrued interest recorded for these loans and leases at March 31, 2024, was $340 million and $222 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2023, was $333 million and $220 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. Lease Financing The following table presents net investments in lease financing receivables by category. (dollar amounts in millions) At March 31, 2024 At December 31, 2023 Lease payments receivable $ 4,880  $ 4,980  Estimated residual value of leased assets 803  804  Gross investment in lease financing receivables 5,683  5,784  Deferred origination costs 54  54  Deferred fees, unearned income and other (604) (610) Total lease financing receivables $ 5,133  $ 5,228  The carrying value of residual values guaranteed was $475 million and $478 million as of March 31, 2024 and December 31, 2023, respectively. The future lease rental payments due from customers on sales-type and direct financing leases at March 31, 2024, totaled $4.9 billion and were due as follows: $782 million in 2024, $902 million in 2025, $859 million in 2026, $859 million in 2027, $794 million in 2028, and $684 million thereafter. Interest income recognized for these types of leases was $79 million and $68 million for the three-month periods ended March 31, 2024 and 2023, respectively. Nonaccrual and Past Due Loans and Leases The following table presents NALs by class. At March 31, 2024 At December 31, 2023 (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 $ 68  $ 376  $ 66  $ 344  Commercial real estate 37  154  64  140  Lease financing —  10  3  14  Residential mortgage —  75  —  72  Automobile —  4  —  4  Home equity —  96  —  91  RV and marine —  1  —  2  Total nonaccrual loans and leases $ 105  $ 716  $ 133  $ 667  The following tables present an aging analysis of loans and leases, by 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 March 31, 2024 Commercial and industrial $ 57  $ 36  $ 137  $ 230  $ 51,270  $ —  $ 51,500  $ 1  (2) Commercial real estate 18  32  96  146  12,196  —  12,342  —  Lease financing 27  14  5  46  5,087  —  5,133  3  Residential mortgage 205  68  195  468  23,101  175  23,744  148  (3) Automobile 75  17  10  102  12,560  —  12,662  8  Home equity 56  29  83  168  9,879  —  10,047  17  RV and marine 17  4  3  24  5,863  —  5,887  2  Other consumer 11  4  4  19  1,433  —  1,452  4  Total loans and leases $ 466  $ 204  $ 533  $ 1,203  $ 121,389  $ 175  $ 122,767  $ 183  At December 31, 2023 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  (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. Credit Quality Indicators See Note 5 - “Loans and Leases” to the Consolidated Financial Statements appearing in Huntington’s 2023 Annual Report on Form 10-K for a description of the credit quality indicators Huntington utilizes for monitoring credit quality and for determining an appropriate ACL level. For all classes within the consumer loan portfolios, borrower credit bureau scores are monitored as an indicator of credit quality. A credit bureau score is a credit score developed by FICO based on data provided by the credit bureaus. The credit bureau score is widely accepted as the standard measure of consumer credit risk used by lenders, regulators, rating agencies, and consumers. The higher the credit bureau score, the higher likelihood of repayment and therefore, an indicator of higher credit quality. Huntington assesses the risk in the loan portfolio by utilizing numerous risk characteristics. The classifications described above, and also presented in the table below, represent one of those characteristics that are closely monitored in the overall credit risk management processes. The following tables present the amortized cost basis of loans and leases by vintage and credit quality indicator. At March 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 (1): Pass $ 4,493  $ 12,002  $ 8,692  $ 3,364  $ 1,976  $ 2,458  $ 15,168  $ 5  $ 48,158  OLEM 25  211  243  74  30  37  256  —  876  Substandard 118  380  428  230  148  209  952  —  2,465  Doubtful —  —  —  —  —  1  —  —  1  Total Commercial and industrial $ 4,636  $ 12,593  $ 9,363  $ 3,668  $ 2,154  $ 2,705  $ 16,376  $ 5  $ 51,500  Commercial real estate Credit Quality Indicator (1): Pass $ 356  $ 1,264  $ 3,235  $ 1,674  $ 1,011  $ 2,286  $ 557  $ —  $ 10,383  OLEM 11  80  410  133  55  121  60  —  870  Substandard 17  213  379  176  24  264  16  —  1,089  Total Commercial real estate $ 384  $ 1,557  $ 4,024  $ 1,983  $ 1,090  $ 2,671  $ 633  $ —  $ 12,342  Lease financing Credit Quality Indicator (1): Pass $ 384  $ 1,924  $ 1,159  $ 724  $ 502  $ 272  $ —  $ —  $ 4,965  OLEM —  15  19  3  1  10  —  —  48  Substandard 1  26  46  22  13  12  —  —  120  Total Lease financing $ 385  $ 1,965  $ 1,224  $ 749  $ 516  $ 294  $ —  $ —  $ 5,133  Residential mortgage Credit Quality Indicator (2): 750+ $ 212  $ 2,257  $ 4,041  $ 5,995  $ 3,252  $ 2,877  $ —  $ —  $ 18,634  650-749 88  781  903  894  471  901  —  —  4,038  <650 7  43  84  97  74  592  —  —  897  Total Residential mortgage $ 307  $ 3,081  $ 5,028  $ 6,986  $ 3,797  $ 4,370  $ —  $ —  $ 23,569  Automobile Credit Quality Indicator (2): 750+ $ 1,045  $ 2,156  $ 1,831  $ 1,372  $ 630  $ 339  $ —  $ —  $ 7,373  650-749 412  1,493  1,092  753  300  160  —  —  4,210  <650 31  274  303  273  114  84  —  —  1,079  Total Automobile $ 1,488  $ 3,923  $ 3,226  $ 2,398  $ 1,044  $ 583  $ —  $ —  $ 12,662  Home equity Credit Quality Indicator (2): 750+ $ 43  $ 393  $ 414  $ 496  $ 517  $ 247  $ 4,404  $ 226  $ 6,740  650-749 20  107  95  62  53  96  2,035  225  2,693  <650 —  4  9  5  4  46  413  133  614  Total Home equity $ 63  $ 504  $ 518  $ 563  $ 574  $ 389  $ 6,852  $ 584  $ 10,047  RV and marine Credit Quality Indicator (2): 750+ $ 226  $ 1,059  $ 934  $ 816  $ 557  $ 847  $ —  $ —  $ 4,439  650-749 38  353  232  246  147  284  —  —  1,300  <650 —  13  19  30  23  63  —  —  148  Total RV and marine $ 264  $ 1,425  $ 1,185  $ 1,092  $ 727  $ 1,194  $ —  $ —  $ 5,887  Other consumer Credit Quality Indicator (2): 750+ $ 69  $ 141  $ 70  $ 34  $ 16  $ 56  $ 409  $ 1  $ 796  650-749 29  82  37  14  5  14  386  12  579  <650 1  9  6  3  1  2  41  14  77  Total Other consumer $ 99  $ 232  $ 113  $ 51  $ 22  $ 72  $ 836  $ 27  $ 1,452  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  (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) 2024 2023 2022 2021 2020 Prior Total Three months ended March 31, 2024 Commercial and industrial $ —  $ 5  $ 11  $ 15  $ 11  $ 2  $ 10  $ 1  $ 55  Commercial real estate —  1  9  1  —  6  —  —  17  Lease Financing —  —  —  1  —  1  —  —  2  Residential mortgage —  —  —  —  —  1  —  —  1  Automobile —  4  5  4  2  —  —  —  15  Home equity —  —  —  —  —  —  —  2  2  RV and marine —  1  1  2  1  3  —  —  8  Other consumer 1  7  5  2  1  3  —  9  28  Total $ 1  $ 18  $ 31  $ 25  $ 15  $ 16  $ 10  $ 12  $ 128  Term Loans Gross Charge-offs by Origination Year Revolver Gross Charge-offs Revolver Converted to Term Loans Gross Charge-offs Three months ended March 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial $ 1  $ 14  $ 3  $ 6  $ 4  $ —  $ 4  $ —  $ 32  Commercial real estate —  —  19  —  —  —  —  —  19  Lease Financing —  —  —  —  —  1  —  —  1  Residential mortgage —  —  1  —  —  1  —  —  2  Automobile —  3  4  2  1  2  —  —  12  Home equity —  —  —  —  —  —  1  1  2  RV and marine —  —  1  1  1  1  —  —  4  Other consumer 1  8  5  1  1  4  —  7  27  Total $ 2  $ 25  $ 33  $ 10  $ 7  $ 9  $ 5  $ 8  $ 99  Modifications to Debtors Experiencing Financial Difficulty See Note 5 - “Loans and Leases” to the Consolidated Financial Statements appearing in Huntington’s 2023 Annual Report on Form 10-K for a description of reported modification types and the impact on credit quality of borrowers experiencing financial difficulty. 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 March 31, 2024 Commercial and industrial $ 87  $ 154  $ —  $ 7  $ 248  0.48  % Commercial real estate —  31  —  —  31  0.25  Residential mortgage —  10  3  1  14  0.06  Automobile —  4  —  —  4  0.03  Home equity —  1  —  4  5  0.05  Total loans to borrowers experiencing financial difficulty in which modifications were made $ 87  $ 200  $ 3  $ 12  $ 302  0.25  % Three months ended March 31, 2023 Commercial and industrial $ 35  $ 124  $ —  $ 3  $ 162  0.32  % Commercial real estate —  48  —  —  48  0.36  Residential mortgage —  23  —  1  24  0.11  Automobile —  3  —  —  3  0.02  Home equity —  —  —  3  3  0.03  RV and marine —  1  —  —  1  0.02  Total loans to borrowers experiencing financial difficulty in which modifications were made $ 35  $ 199  $ —  $ 7  $ 241  0.21  % (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 March 31, 2024 Commercial and industrial 8.24  % 7.28  % 0.4 Commercial real estate     0.6 Residential mortgage 7.25  5.20  8.6 Three months ended March 31, 2023 Commercial and industrial 7.60  % 6.80  % 0.9 Commercial real estate     0.6 Residential mortgage 5.36  4.14  6.3 (1)     Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial. The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored to understand the effectiveness of modification efforts. Loans are considered to be in payment default at 90 or more days past due. The following table depicts the performance of loans that have been modified during the identified period. At March 31, 2024 Past Due (dollar amounts in millions) 30-59  Days 60-89  Days 90 or  more days Total Current Total Commercial and industrial $ 2  $ 11  $ 11  $ 24  $ 449  $ 473  Commercial real estate 2  7  —  9  118  127  Residential mortgage 8  5  9  22  31  53  Automobile 2  —  —  2  14  16  Home equity 1  1  1  3  11  14  RV and marine —  —  —  —  1  1  Total loans to borrowers experiencing financial difficulty in which modifications were made in the twelve months ended March 31, 2024 $ 15  $ 24  $ 21  $ 60  $ 624  $ 684  At March 31, 2023 (1) Past Due (dollar amounts in millions) 30-59  Days 60-89  Days 90 or  more days Total Current Total Commercial and industrial $ —  $ —  $ —  $ —  $ 162  $ 162  Commercial real estate —  —  —  —  48  48  Residential mortgage 4  4  —  8  16  24  Automobile —  —  —  —  3  3  Home equity —  —  —  —  3  3  RV and marine —  —  —  —  1  1  Total loans to borrowers experiencing financial difficulty in which modifications were made in the three months ended March 31, 2023 $ 4  $ 4  $ —  $ 8  $ 233  $ 241  (1)     Huntington adopted ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures effective January 1, 2023, therefore, the at March 31, 2023 presentation only includes loans since guidance became effective. Pledged Loans The Bank has access to secured borrowings from the Federal Reserve’s discount window and advances from the FHLB. As of March 31, 2024 and December 31, 2023, loans and leases totaling $99.5 billion and $101.8 billion, respectively, were pledged to the Federal Reserve and FHLB for access to these contingent funding sources.