Quarterly report [Sections 13 or 15(d)]

LOANS AND LEASES (Tables)

v3.25.2
LOANS AND LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Loan and Lease Portfolio
The following table provides a detailed listing of Huntington’s loan and lease portfolio.
(dollar amounts in millions) At June 30, 2025 At December 31, 2024
Commercial loan and lease portfolio:
Commercial and industrial $ 60,723  $ 56,809 
Commercial real estate 10,698  11,078 
Lease financing 5,516  5,454 
Total commercial loan and lease portfolio 76,937  73,341 
Consumer loan portfolio:
Residential mortgage 24,527  24,242 
Automobile 15,382  14,564 
Home equity 10,221  10,142 
RV and marine 5,907  5,982 
Other consumer 1,986  1,771 
Total consumer loan portfolio 58,023  56,701 
Total loans and leases (1)(2) 134,960  130,042 
Allowance for loan and lease losses (2,331) (2,244)
Net loans and leases $ 132,629  $ 127,798 
(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 $503 million and $468 million at June 30, 2025 and December 31, 2024, respectively.
(2)The total amount of accrued interest recorded for loans and leases at June 30, 2025 was $316 million and $245 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2024 was $316 million and $235 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.
Direct Financing Lease, Lease Income
The following table presents net investments in lease financing receivables by category.
(dollar amounts in millions) At June 30, 2025 At December 31, 2024
Lease payments receivable $ 5,215  $ 5,189 
Estimated residual value of leased assets 954  884 
Gross investment in lease financing receivables 6,169  6,073 
Deferred origination costs 54  56 
Deferred fees, unearned income, and other
 (707) (675)
Total lease financing receivables $ 5,516  $ 5,454 
NALs and Past Due Loans
The following table presents NALs by loan class.
At June 30, 2025 At December 31, 2024
(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 $ 34  $ 489  $ 71  $ 457 
Commercial real estate 87  138  75  118 
Lease financing 1  10  —  10 
Residential mortgage —  93  —  83 
Automobile —  5  —  6 
Home equity —  105  —  107 
RV and marine —  2  —  2 
Total nonaccrual loans and leases $ 122  $ 842  $ 146  $ 783 
Aging Analysis of Loans and Leases
The following table presents an aging analysis of loans and leases, by loan 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 June 30, 2025
Commercial and industrial $ 77  $ 53  $ 252  $ 382  $ 60,341  $ —  $ 60,723  $ 4  (2)
Commercial real estate 1  —  52  53  10,645  —  10,698  — 
Lease financing 46  14  18  78  5,438  —  5,516  14 
Residential mortgage 248  79  245  572  23,783  172  24,527  189  (3)
Automobile 101  25  12  138  15,244  —  15,382  10 
Home equity 59  32  89  180  10,041  —  10,221  18 
RV and marine 20  5  3  28  5,879  —  5,907  2 
Other consumer 14  6  4  24  1,962  —  1,986  4 
Total loans and leases $ 566  $ 214  $ 675  $ 1,455  $ 133,333  $ 172  $ 134,960  $ 241 
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 
(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 internally defined credit quality indicator.
At June 30, 2025
Term Loans Amortized Cost Basis by Origination Year Revolver Total at Amortized Cost Basis Revolver Total Converted to Term Loans
(dollar amounts in millions) 2025 2024 2023 2022 2021 Prior Total
Commercial and industrial
Credit Quality Indicator:
Pass $ 10,457  $ 11,222  $ 6,004  $ 5,174  $ 2,046  $ 2,817  $ 19,574  $ 9  $ 57,303 
OLEM 70  248  81  59  11  26  147  —  642 
Substandard 358  413  362  321  200  167  957  —  2,778 
Total Commercial and industrial $ 10,885  $ 11,883  $ 6,447  $ 5,554  $ 2,257  $ 3,010  $ 20,678  $ 9  $ 60,723 
Commercial real estate
Credit Quality Indicator:
Pass $ 1,118  $ 1,327  $ 790  $ 2,087  $ 1,000  $ 2,459  $ 696  $ —  $ 9,477 
OLEM 18  —  105  249  119  74  40  —  605 
Substandard 81  75  107  137  71  128  17  —  616 
Total Commercial real estate $ 1,217  $ 1,402  $ 1,002  $ 2,473  $ 1,190  $ 2,661  $ 753  $ —  $ 10,698 
Lease financing
Credit Quality Indicator:
Pass $ 675  $ 1,831  $ 1,298  $ 709  $ 480  $ 454  $ —  $ —  $ 5,447 
OLEM 3  3  4  2  2  3  —  —  17 
Substandard 1  4  12  20  4  11  —  —  52 
Total Lease financing $ 679  $ 1,838  $ 1,314  $ 731  $ 486  $ 468  $ —  $ —  $ 5,516 
Residential mortgage
Credit Quality Indicator:
750+ $ 870  $ 1,851  $ 2,153  $ 3,788  $ 5,412  $ 5,250  $ —  $ —  $ 19,324 
650-749 409  622  461  655  698  1,112  —  —  3,957 
<650 31  83  77  136  124  623  —  —  1,074 
Total Residential mortgage
 $ 1,310  $ 2,556  $ 2,691  $ 4,579  $ 6,234  $ 6,985  $ —  $ —  $ 24,355 
Automobile
Credit Quality Indicator:
750+ $ 2,239  $ 3,264  $ 1,335  $ 1,038  $ 651  $ 241  $ —  $ —  $ 8,768 
650-749 1,464  2,090  728  509  309  111  —  —  5,211 
<650 219  459  250  232  169  74  —  —  1,403 
Total Automobile
 $ 3,922  $ 5,813  $ 2,313  $ 1,779  $ 1,129  $ 426  $ —  $ —  $ 15,382 
Home equity
Credit Quality Indicator:
750+ $ 92  $ 189  $ 284  $ 350  $ 411  $ 598  $ 4,717  $ 231  $ 6,872 
650-749 34  60  82  68  47  110  2,047  211  2,659 
<650 1  5  12  11  5  41  474  141  690 
Total Home equity $ 127  $ 254  $ 378  $ 429  $ 463  $ 749  $ 7,238  $ 583  $ 10,221 
RV and marine
Credit Quality Indicator:
750+ $ 464  $ 814  $ 797  $ 743  $ 649  $ 1,036  $ —  $ —  $ 4,503 
650-749 86  229  238  180  179  300  —  —  1,212 
<650 1  17  31  28  37  78  —  —  192 
Total RV and marine $ 551  $ 1,060  $ 1,066  $ 951  $ 865  $ 1,414  $ —  $ —  $ 5,907 
Other consumer
Credit Quality Indicator:
750+ $ 240  $ 230  $ 74  $ 36  $ 17  $ 53  $ 515  $ 1  $ 1,166 
650-749 99  114  39  15  5  10  434  4  720 
<650 5  15  10  4  2  1  57  6  100 
Total Other consumer $ 344  $ 359  $ 123  $ 55  $ 24  $ 64  $ 1,006  $ 11  $ 1,986 
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 
Summary of Modifications
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) 2025 2024 2023 2022 2021 Prior Total
Three months ended June 30, 2025
Commercial and industrial $ 2  $ 5  $ 16  $ 10  $ 2  $ 4  $ 9  $ 1  $ 49 
Commercial real estate 2  —  —  —  —  —  1  —  3 
Lease financing —  —  —  1  1  2  —  —  4 
Residential mortgage —  —  —  —  —  1  —  —  1 
Automobile —  5  4  3  3  1  —  —  16 
Home equity —  —  —  —  —  —  —  1  1 
RV and marine —  1  2  2  1  3  —  —  9 
Other consumer 3  5  4  2  1  3  —  10  28 
Total $ 7  $ 16  $ 26  $ 18  $ 8  $ 14  $ 10  $ 12  $ 111 
Six months ended June 30, 2025
Commercial and industrial $ 2  $ 11  $ 24  $ 43  $ 5  $ 13  $ 18  $ 2  $ 118 
Commercial real estate
 2  —  —  —  1  —  1  —  4 
Lease financing
 —  1  1  3  1  2  —  —  8 
Residential mortgage —  —  —  —  —  2  —  —  2 
Automobile
 —  10  9  9  6  2  —  —  36 
Home equity —  —  —  —  —  —  1  2  3 
RV and marine —  1  4  3  3  7  —  —  18 
Other consumer 4  11  9  4  2  6  —  19  55 
Total $ 8  $ 34  $ 47  $ 62  $ 18  $ 32  $ 20  $ 23  $ 244 
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 June 30, 2024
Commercial and industrial $ —  $ 5  $ 19  $ 7  $ —  $ 2  $ 10  $ —  $ 43 
Commercial real estate 9  1  21  1  —  18  —  —  50 
Lease financing —  1  1  —  —  —  —  —  2 
Residential mortgage —  —  —  —  —  1  —  —  1 
Automobile —  4  4  3  1  2  —  —  14 
Home equity —  —  —  —  —  —  1  1  2 
RV and marine —  —  1  1  1  3  —  —  6 
Other consumer 2  6  3  2  1  4  —  9  27 
Total $ 11  $ 17  $ 49  $ 14  $ 3  $ 30  $ 11  $ 10  $ 145 
Six months ended June 30, 2024
Commercial and industrial $ —  $ 10  $ 30  $ 22  $ 11  $ 4  $ 20  $ 1  $ 98 
Commercial real estate
 9  2  30  2  —  24  —  —  67 
Lease financing
 —  1  1  1  —  1  —  —  4 
Residential mortgage
 —  —  —  —  —  2  —  —  2 
Automobile
 —  8  9  7  3  2  —  —  29 
Home equity
 —  —  —  —  —  —  1  3  4 
RV and marine —  1  2  3  2  6  —  —  14 
Other consumer 3  13  8  4  2  7  —  18  55 
Total $ 12  $ 35  $ 80  $ 39  $ 18  $ 46  $ 21  $ 22  $ 273 
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 June 30, 2025
Commercial and industrial $ 44  $ 158  $ —  $ 1  $ 203  0.33  %
Commercial real estate —  69  —  —  69  0.64 
Residential mortgage —  12  3  2  17  0.07 
Automobile —  1  —  —  1  0.01 
Home equity —  2  —  2  4  0.04 
Total loans to borrowers experiencing financial difficulty to which modifications were made
 $ 44  $ 242  $ 3  $ 5  $ 294  0.22  %
Three months ended June 30, 2024
Commercial and industrial $ 34  $ 116  $ —  $ 41  $ 191  0.37  %
Commercial real estate —  184  —  14  198  1.66 
Residential mortgage —  15  1  1  17  0.07 
Automobile —  4  —  —  4  0.03 
Home equity —  2  —  2  4  0.04 
Other consumer 1  —  —  —  1  0.06 
Total loans to borrowers experiencing financial difficulty to which modifications were made
 $ 35  $ 321  $ 1  $ 58  $ 415  0.33  %
Six months ended June 30, 2025
Commercial and industrial $ 91  $ 289  $ —  $ 5  $ 385  0.63  %
Commercial real estate —  140  —  —  140  1.31 
Residential mortgage —  24  11  3  38  0.15 
Automobile —  3  —  —  3  0.02 
Home equity —  4  —  4  8  0.08 
Other consumer 1  —  —  —  1  0.05 
Total loans to borrowers experiencing financial difficulty in which modifications were made $ 92  $ 460  $ 11  $ 12  $ 575  0.43  %
Six months ended June 30, 2024
Commercial and industrial $ 84  $ 144  $ —  $ 42  $ 270  0.52  %
Commercial real estate —  198  —  14  212  1.78 
Residential mortgage —  23  4  1  28  0.12 
Automobile —  7  —  1  8  0.06 
Home equity —  3  —  6  9  0.09 
Other consumer 1  —  —  —  1  0.06 
Total loans to borrowers experiencing financial difficulty in which modifications were made $ 85  $ 375  $ 4  $ 64  $ 528  0.42  %
(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 June 30, 2025
Commercial and industrial 8.80  % 6.38  % 0.6
Commercial real estate     0.8
Residential mortgage 7.1
Three months ended June 30, 2024
Commercial and industrial 8.46  8.21  0.7
Commercial real estate 7.98  7.85  0.4
Residential mortgage 7.4
Six months ended June 30, 2025
Commercial and industrial 8.32  % 7.00  % 0.9
Commercial real estate 1.0
Residential mortgage 6.5
Six months ended June 30, 2024
Commercial and industrial 8.40  7.57  0.8
Commercial real estate 7.98  7.85  0.4
Residential mortgage 7.6
(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 identified period.
Past Due
(dollar amounts in millions) 30-59
 Days		 60-89
 Days		 90 or 
more days		 Total Current Total
At June 30, 2025
Commercial and industrial $ 2  $ 1  $ 5  $ 8  $ 534  $ 542 
Commercial real estate —  —  23  23  211  234 
Residential mortgage 11  6  17  34  35  69 
Automobile 1  —  —  1  7  8 
Home equity 1  1  1  3  12  15 
RV and marine —  —  —  —  1  1 
Other consumer —  —  —  —  2  2 
Total loans to borrowers experiencing financial difficulty to which modifications were made in the twelve months ended June 30, 2025
 $ 15  $ 8  $ 46  $ 69  $ 802  $ 871 
At June 30, 2024
Commercial and industrial $ 16  $ 1  $ 7  $ 24  $ 396  $ 420 
Commercial real estate —  —  4  4  244  248 
Residential mortgage 9  6  8  23  29  52 
Automobile 2  1  —  3  12  15 
Home equity 1  1  2  4  11  15 
RV and marine —  —  —  —  1  1 
Other consumer —  —  —  —  2  2 
Total loans to borrowers experiencing financial difficulty to which modifications were made in the twelve months ended June 30, 2024
 $ 28  $ 9  $ 21  $ 58  $ 695  $ 753