Annual report pursuant to Section 13 and 15(d)

LOANS AND LEASES (Tables)

v3.22.4
LOANS AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
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) 2022 2021
Commercial loan and lease portfolio:
Commercial and industrial $ 45,127  $ 41,688 
Commercial real estate 16,634  14,961 
Lease financing 5,252  5,000 
Total commercial loan and lease portfolio 67,013  61,649 
Consumer loan portfolio:
Residential mortgage 22,226  19,256 
Automobile 13,154  13,434 
Home equity 10,375  10,550 
RV and marine 5,376  5,058 
Other consumer 1,379  1,320 
Total consumer loan portfolio 52,510  49,618 
Total loans and leases (1)(2) 119,523  111,267 
Allowance for loan and lease losses (2,121) (2,030)
Net loans and leases $ 117,402  $ 109,237 
(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 premium (discount) of $3 million and $(111) million at December 31, 2022 and 2021, respectively.
(2)The total amount of accrued interest recorded for these loans and leases at December 31, 2022, was $274 million and $186 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2021, was $148 million and $150 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) 2022 2021
Lease payments receivable $ 4,916  $ 4,620 
Estimated residual value of leased assets 788  774 
Gross investment in lease financing receivables 5,704  5,394 
Deferred origination costs 46  36 
Deferred fees, unearned income and other (498) (430)
Total lease financing receivables $ 5,252  $ 5,000 
Nonaccrual loans by loan class
The following table presents NALs by class. 
At December 31, 2022 At December 31, 2021
(dollar amounts in millions) Nonaccrual loans with no ACL Total nonaccrual loans Nonaccrual loans with no ACL Total nonaccrual loans
Commercial and industrial $ 49  $ 288  $ 81  $ 370 
Commercial real estate 63  92  80  104 
Lease financing —  18  3  48 
Residential mortgage —  90  —  111 
Automobile —  4  —  3 
Home Equity —  76  —  79 
RV and marine —  1  —  1 
Total nonaccrual loans and leases $ 112  $ 569  $ 164  $ 716 
Aging analysis of loans and leases
The following tables present an aging analysis of loans and leases, by class.
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  $ 44,947  $ —  $ 45,127  $ 23  (2)
Commercial real estate 2  1  9  12  16,622  —  16,634  — 
Lease financing 36  18  10  64  5,188  —  5,252  9  (3)
Residential mortgage 246  69  199  514  21,528  184  22,226  146  (4)
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 
At December 31, 2021
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 $ 72  $ 69  $ 107  $ 248  $ 41,440  $ —  $ 41,688  $ 13  (2)
Commercial real estate 9  1  9  19  14,942  —  14,961  — 
Lease financing 39  13  17  69  4,931  —  5,000  11  (3)
Residential mortgage 151  49  233  433  18,653  170  19,256  157  (4)
Automobile 79  18  8  105  13,329  —  13,434  6 
Home equity 48  35  76  159  10,390  1  10,550  17 
RV and marine 14  4  3  21  5,037  —  5,058  3 
Other consumer 13  2  3  18  1,302  —  1,320  3 
Total loans and leases $ 425  $ 191  $ 456  $ 1,072  $ 110,024  $ 171  $ 111,267  $ 210 
(1)NALs are included in this aging analysis based on the loan’s past due status.
(2)Amounts include PPP and other SBA loans and leases.
(3)Amounts include Huntington Technology Finance administrative lease delinquencies.
(4)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, 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 $ 16,480  $ 6,597  $ 3,279  $ 2,040  $ 1,068  $ 1,163  $ 12,077  $ 3  $ 42,707 
OLEM 108  139  72  21  49  26  112  —  527 
Substandard 364  181  189  212  141  255  550  —  1,892 
Doubtful —  —  —  —  —  1  —  —  1 
Total Commercial and industrial $ 16,952  $ 6,917  $ 3,540  $ 2,273  $ 1,258  $ 1,445  $ 12,739  $ 3  $ 45,127 
Commercial real estate
Credit Quality Indicator (1):
Pass $ 5,634  $ 3,260  $ 1,616  $ 1,728  $ 917  $ 1,044  $ 1,502  $ —  $ 15,701 
OLEM 61  53  1  43  6  9  —  —  173 
Substandard 235  118  105  75  85  140  2  —  760 
Total Commercial real estate $ 5,930  $ 3,431  $ 1,722  $ 1,846  $ 1,008  $ 1,193  $ 1,504  $ —  $ 16,634 
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 
At December 31, 2021
Term Loans Amortized Cost Basis by Origination Year Revolver Total at Amortized Cost Basis Revolver Total Converted to Term Loans
(dollar amounts in millions) 2021 2020 2019 2018 2017 Prior Total
Commercial and industrial
Credit Quality Indicator (1):
Pass $ 15,435  $ 5,677  $ 3,682  $ 1,983  $ 1,080  $ 1,134  $ 9,945  $ 3  $ 38,939 
OLEM 183  178  87  83  38  73  166  —  808 
Substandard 336  203  344  206  125  167  552  —  1,933 
Doubtful 5  1  1  1  —  —  —  —  8 
Total Commercial and industrial $ 15,959  $ 6,059  $ 4,114  $ 2,273  $ 1,243  $ 1,374  $ 10,663  $ 3  $ 41,688 
Commercial real estate
Credit Quality Indicator (1):
Pass $ 4,144  $ 2,367  $ 2,593  $ 1,456  $ 761  $ 1,124  $ 798  $ —  $ 13,243 
OLEM 76  48  42  83  73  19  —  —  341 
Substandard 224  362  448  115  151  46  30  —  1,376 
Doubtful —  —  —  1  —  —  —  —  1 
Total Commercial real estate $ 4,444  $ 2,777  $ 3,083  $ 1,655  $ 985  $ 1,189  $ 828  $ —  $ 14,961 
Lease financing
Credit Quality Indicator (1):
Pass $ 1,851  $ 1,441  $ 809  $ 417  $ 226  $ 131  $ —  $ —  $ 4,875 
OLEM 8  32  12  4  2  —  —  —  58 
Substandard 6  23  19  2  9  8  —  —  67 
Total Lease financing $ 1,865  $ 1,496  $ 840  $ 423  $ 237  $ 139  $ —  $ —  $ 5,000 
Residential mortgage
Credit Quality Indicator (2):
750+ $ 5,532  $ 3,857  $ 978  $ 554  $ 687  $ 1,704  $ —  $ —  $ 13,312 
650-749 1,862  993  409  269  254  1,028  —  —  4,815 
<650 48  56  104  120  99  532  —  —  959 
Total Residential mortgage $ 7,442  $ 4,906  $ 1,491  $ 943  $ 1,040  $ 3,264  $ —  $ —  $ 19,086 
Automobile
Credit Quality Indicator (2):
750+ $ 2,993  $ 1,927  $ 1,381  $ 666  $ 345  $ 129  $ —  $ —  $ 7,441 
650-749 2,393  1,237  736  380  168  55  —  —  4,969 
<650 380  234  178  128  70  34  —  —  1,024 
Total Automobile $ 5,766  $ 3,398  $ 2,295  $ 1,174  $ 583  $ 218  $ —  $ —  $ 13,434 
Home equity
Credit Quality Indicator (2):
750+ $ 645  $ 701  $ 32  $ 31  $ 34  $ 387  $ 4,772  $ 272  $ 6,874 
650-749 129  94  15  13  13  161  2,324  324  3,073 
<650 3  2  2  1  1  67  361  165  602 
Total Home equity $ 777  $ 797  $ 49  $ 45  $ 48  $ 615  $ 7,457  $ 761  $ 10,549 
RV and marine
Credit Quality Indicator (2):
750+ $ 1,257  $ 933  $ 470  $ 468  $ 268  $ 319  $ —  $ —  $ 3,715 
650-749 393  273  171  157  106  150  —  —  1,250 
<650 6  11  13  18  18  27  —  —  93 
Total RV and marine $ 1,656  $ 1,217  $ 654  $ 643  $ 392  $ 496  $ —  $ —  $ 5,058 
Other consumer
Credit Quality Indicator (2):
750+ $ 211  $ 34  $ 50  $ 13  $ 10  $ 27  $ 326  $ 3  $ 674 
650-749 88  52  50  23  17  41  295  24  590 
<650 2  2  5  2  —  1  27  17  56 
Total Other consumer $ 301  $ 88  $ 105  $ 38  $ 27  $ 69  $ 648  $ 44  $ 1,320 
(1)Consistent with the credit quality disclosures, indicators for the Commercial portfolio are based on internally defined categories of credit grades which are generally refreshed at least semi-annually.
(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 table presents, by class and modification type, the number of contracts, post-modification outstanding balance, and the financial effects of the modification.
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
Year Ended December 31, 2022
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 
Year Ended December 31, 2021
Commercial and industrial 76  $ 29  $ 25  $ —  $ —  $ 54 
Commercial real estate 5  —  —  —  —  — 
Residential mortgage 320  —  39  6  —  45 
Automobile 2,442  —  16  4  —  20 
Home equity 214  —  4  7  —  11 
RV and marine 138  1  2  1  —  4 
Other consumer 270  —  —  —  1  1 
Total new TDRs 3,465  $ 30  $ 86  $ 18  $ 1  $ 135 
(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.