LOANS AND LEASES

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LOANS AND LEASES	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
LOANS AND LEASES	LOANS AND LEASES The following table provides a detailed listing of Huntington’s loan and lease portfolio. At December 31, (dollar amounts in millions) 2024 2023 Commercial loan and lease portfolio: Commercial and industrial $ 56,809  $ 50,657  Commercial real estate 11,078  12,422  Lease financing 5,454  5,228  Total commercial loan and lease portfolio 73,341  68,307  Consumer loan portfolio: Residential mortgage 24,242  23,720  Automobile 14,564  12,482  Home equity 10,142  10,113  RV and marine 5,982  5,899  Other consumer 1,771  1,461  Total consumer loan portfolio 56,701  53,675  Total loans and leases (1)(2) 130,042  121,982  Allowance for loan and lease losses (2,244) (2,255) Net loans and leases $ 127,798  $ 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 $468 million and $323 million at December 31, 2024 and 2023, respectively. (2)The total amount of accrued interest recorded for these loans and leases at December 31, 2024, was $316 million and $235 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 Condensed Consolidated Balance Sheets. Lease Financing The following table presents net investments in lease financing receivables by category.   At December 31, (dollar amounts in millions) 2024 2023 Lease payments receivable $ 5,189  $ 4,980  Estimated residual value of leased assets 884  804  Gross investment in lease financing receivables 6,073  5,784  Deferred origination costs 56  54  Deferred fees, unearned income and other (675) (610) Total lease financing receivables $ 5,454  $ 5,228  The carrying value of residual values guaranteed was $517 million and $478 million as of December 31, 2024 and December 31, 2023, respectively. The future lease rental payments due from customers on direct financing leases at December 31, 2024, totaled $5.2 billion and were due as follows: $507 million in 2025, $773 million in 2026, $1.0 billion in 2027, $1.2 billion in 2028, $1.0 billion in 2029, and $713 million thereafter. Interest income recognized for these types of leases was $336 million, $287 million, and $249 million for the years 2024, 2023, and 2022, respectively. Nonaccrual and Past Due Loans and Leases The following table presents NALs by class.  At December 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 $ 71  $ 457  $ 66  $ 344  Commercial real estate 75  118  64  140  Lease financing —  10  3  14  Residential mortgage —  83  —  72  Automobile —  6  —  4  Home Equity —  107  —  91  RV and marine —  2  —  2  Total nonaccrual loans and leases $ 146  $ 783  $ 133  $ 667  The total amount of interest recorded to interest income for NAL loans was $26 million, $21 million, and $23 million in 2024, 2023, and 2022, respectively. 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 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  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 To facilitate the monitoring of credit quality for commercial loans, and for purposes of determining an appropriate ACL level for these loans, Huntington utilizes the following internally defined categories of credit grades: •Pass - Higher quality loans that do not fit any of the other categories described below. •OLEM - The credit risk may be relatively minor yet represents a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the loan may weaken or the collateral may be inadequate to protect Huntington’s position in the future. For these reasons, Huntington considers the loans to be potential problem loans. •Substandard - Inadequately protected loans resulting from the borrower’s ability to repay, equity, and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. It is likely Huntington will sustain some loss if any identified weaknesses are not mitigated. •Doubtful - Loans that have all of the weaknesses inherent in those loans classified as Substandard, with the added elements of the full collection of the loan is improbable and that the possibility of loss is high. Loans are generally assigned a category of “Pass” rating upon initial approval and subsequently updated as appropriate based on the borrower’s financial performance. Commercial loans categorized as OLEM, Substandard, or Doubtful are considered Criticized loans. Commercial loans categorized as Substandard or Doubtful are both considered Classified loans. 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 and refreshed at least quarterly. 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 internally defined credit quality indicator. 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  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: 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: 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: 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: 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: 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: 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: 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: 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  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 Year Ended December 31, 2024 Commercial and industrial $ 4  $ 26  $ 74  $ 38  $ 14  $ 19  $ 47  $ 3  $ 225  Commercial real estate 12  4  31  3  —  25  4  —  79  Lease financing 2  2  —  2  —  1  —  —  7  Residential mortgage —  —  —  —  —  3  —  —  3  Automobile 5  18  17  14  5  4  —  —  63  Home equity —  —  —  —  —  1  1  4  6  RV and marine 1  4  5  7  4  10  —  —  31  Other consumer 14  25  15  7  3  16  —  37  117  Total $ 38  $ 79  $ 142  $ 71  $ 26  $ 79  $ 52  $ 44  $ 531  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 Year Ended December 31, 2023 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  Modifications to Debtors Experiencing Financial Difficulty Huntington will modify the contractual terms of loans to a borrower experiencing financial difficulties as a way to mitigate loss, proactively work with borrowers in financial difficulty, or to comply with regulations regarding the treatment of certain bankruptcy filing and discharge situations. A restructured note is evaluated to determine if it is considered a new loan or a continuation of the prior loan.  A debtor is considered to be experiencing financial difficulty when there is significant doubt about the debtor’s ability to make required payments on the debt or to get equivalent financing from another creditor at a market rate for similar debt. A loan placed on nonaccrual because the borrower is experiencing financial difficulty may be returned to accrual status when all contractually due interest and principal has been paid and the borrower demonstrates the financial capacity to continue to pay as agreed, with the risk of loss diminished. Reported Modification Types Modifications in the form of principal forgiveness, an interest rate reduction, an other than insignificant payment delay or a term extension that have occurred in the current reporting period to a borrower experiencing financial difficulty are disclosed along with the financial impact of the modifications. Huntington will generally try other forms of relief before principal forgiveness but would define any contractual reduction in the amount of principal due without receiving payment or assets as forgiveness. For the purpose of the disclosure Huntington considers any contractual change in interest rate that results in the borrower receiving a below market rate to be an interest rate reduction. Many factors can go into what is considered an other than insignificant payment delay, for example, the significance of the restructured payment amount relative to the normal loan payment or the relative significance of the delay to the original loan terms. Generally, Huntington would consider any delay in payment of greater than 90 days in the last 12 months to be significant. For the purpose of the disclosure modification of contingent payment features or covenants that would have accelerated payment are not considered term extensions. Following is a description of what is considered a borrower experiencing financial difficulty by the different loan types: Commercial loan modifications – Our strategy involving commercial borrowers generally includes working with these borrowers to allow them time to improve their financial position and remain a Huntington customer through restructuring their notes or to restructure elsewhere if necessary. Borrowers that are rated substandard or worse in accordance with the regulatory definition, or that cannot otherwise restructure at market terms and conditions, are considered to be experiencing financial difficulty. A subsequent restructuring or modification of a loan may occur when either the loan matures according to the terms of the modified agreement, or the borrower requests a change to the loan agreements. It is subjected to the normal underwriting standards and processes for other similar credit extensions, both new and existing. Consumer loan modifications – Consumer loans in which a borrower requires a modification as a result of negative changes to their financial condition or to avoid default, generally indicate the borrower is experiencing financial difficulty. The primary modifications made to consumer loans are amortization, maturity date and interest rate changes. Consumer borrowers identified as experiencing financial difficulty are unable to refinance their loans through the Company’s normal origination channels or through other independent sources. Most, but not all, of the loans may be delinquent. Impact on Credit Quality of Borrowers Experiencing Financial Difficulty Huntington’s ALLL is influenced by loan level characteristics that inform the assessed propensity to default. As such, the provision for credit losses is impacted primarily by changes in such loan level characteristics, such as payment performance. Commercial borrowers experiencing financial difficulty are applied credit quality risk indicators that reflect the increase in default characteristics so that that the ALLL reflects the risk of loss. Borrowers experiencing financial difficulty can be classified as either accrual or nonaccrual loans. 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) Year Ended December 31, 2024 Commercial and industrial $ 113  $ 209  $ —  $ 64  $ 386  0.68  % Commercial real estate —  233  —  24  257  2.32  Residential mortgage —  51  6  4  61  0.25  Automobile —  11  —  1  12  0.08  Home equity —  6  —  9  15  0.15  RV and marine —  1  —  —  1  0.02  Other consumer 2  —  —  —  2  0.11  Total loans to borrowers experiencing financial difficulty in which modifications were made $ 115  $ 511  $ 6  $ 102  $ 734  0.59  % Year Ended December 31, 2023 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. Interest Rate Reduction (1) Term Extension (1) Weighted-average contractual interest rate Weighted-average years added to the life From To Year Ended December 31, 2024 Commercial and industrial 8.16  % 7.12  % 1.0 Commercial real estate 8.26  7.90  0.9 Residential mortgage 6.8 Year Ended December 31, 2023 Commercial and industrial 8.62  % 8.05  % 1.0 Commercial real estate     1.0 Residential mortgage     7.7 (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 reporting period. Past Due (dollar amounts in millions) 30-59  Days 60-89  Days 90 or  more days Total Current Total At December 31, 2024 Commercial and industrial $ 6  $ 3  $ 4  $ 13  $ 373  $ 386  Commercial real estate 12  —  13  25  232  257  Residential mortgage 11  7  15  33  28  61  Automobile 1  1  —  2  10  12  Home equity 1  1  3  5  10  15  RV and marine —  —  —  —  1  1  Other consumer —  —  —  —  2  2  Total loans to borrowers experiencing financial difficulty in which modifications were made in the year ended December 31, 2024 $ 31  $ 12  $ 35  $ 78  $ 656  $ 734  At December 31, 2023 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 year ended December 31, 2023 $ 33  $ 35  $ 24  $ 92  $ 613  $ 705  Pledged Loans and Leases The Bank has access to secured borrowings from the Federal Reserve’s discount window and advances from the FHLB. As of December 31, 2024 and 2023, loans and leases totaling $105.4 billion and $101.8 billion, respectively, were pledged to the FRB and FHLB for access to these contingent funding sources.