Huntington Bancshares Incorporated Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2023

Allowance for Credit Losses - Roll-forward

The following tables present ACL activity by portfolio segment for the three-month and six-month periods ended June 30, 2023 and 2022.


(dollar amounts in millions)	Commercial		Consumer		Total
Three months ended June 30, 2023
ALLL balance, beginning of period	$	1,457	$	685	$	2,142

Loan and lease charge-offs	(53)		(39)		(92)
Recoveries of loans and leases previously charged-off	26		17		43
Provision for loan and lease losses	53		31		84


ALLL balance, end of period	$	1,483	$	694	$	2,177
AULC balance, beginning of period	$	75	$	82	$	157

Provision for unfunded lending commitments	3		5		8


AULC balance, end of period	$	78	$	87	$	165
ACL balance, end of period	$	1,561	$	781	$	2,342
Six months ended June 30, 2023
ALLL balance, beginning of period	$	1,424	$	697	$	2,121

Loan and lease charge-offs	(105)		(86)		(191)
Recoveries of loans and leases previously charged-off	49		36		85
Provision for loan and lease losses	115		47		162


ALLL balance, end of period	$	1,483	$	694	$	2,177
AULC balance, beginning of period	$	71	$	79	$	150

Provision for unfunded lending commitments	7		8		15


AULC balance, end of period	$	78	$	87	$	165
ACL balance, end of period	$	1,561	$	781	$	2,342



(dollar amounts in millions)	Commercial		Consumer		Total
Three months ended June 30, 2022
ALLL balance, beginning of period	$	1,514	$	504	$	2,018

Loan and lease charge-offs	(12)		(40)		(52)
Recoveries of loans and leases previously charged-off	24		20		44
Provision (benefit) for loan and lease losses	(184)		248		64


ALLL balance, end of period	$	1,342	$	732	$	2,074
AULC balance, beginning of period	$	57	$	34	$	91

Provision (benefit) for unfunded lending commitments	(4)		7		3


AULC balance, end of period	$	53	$	41	$	94
ACL balance, end of period	$	1,395	$	773	$	2,168
Six months ended June 30, 2022
ALLL balance, beginning of period	$	1,462	$	568	$	2,030

Loan and lease charge-offs	(44)		(89)		(133)
Recoveries of loans and leases previously charged-off	65		41		106
Provision (benefit) for loan and lease losses	(141)		212		71


ALLL balance, end of period	$	1,342	$	732	$	2,074
AULC balance, beginning of period	$	41	$	36	$	77

Provision for unfunded lending commitments	12		5		17


AULC balance, end of period	$	53	$	41	$	94
ACL balance, end of period	$	1,395	$	773	$	2,168