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

ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 30, 2023

Allowance for Credit Losses - Roll-forward

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


(dollar amounts in millions)	Commercial		Consumer		Total
Three months ended September 30, 2023
ALLL balance, beginning of period	$	1,483	$	694	$	2,177

Loan and lease charge-offs	(85)		(46)		(131)
Recoveries of loans and leases previously charged-off	40		18		58
Provision for loan and lease losses	66		38		104


ALLL balance, end of period	$	1,504	$	704	$	2,208
AULC balance, beginning of period	$	78	$	87	$	165

Provision for unfunded lending commitments	(2)		(3)		(5)


AULC balance, end of period	$	76	$	84	$	160
ACL balance, end of period	$	1,580	$	788	$	2,368
Nine months ended September 30, 2023
ALLL balance, beginning of period	$	1,424	$	697	$	2,121

Loan and lease charge-offs	(190)		(132)		(322)
Recoveries of loans and leases previously charged-off	89		54		143
Provision for loan and lease losses	181		85		266


ALLL balance, end of period	$	1,504	$	704	$	2,208
AULC balance, beginning of period	$	71	$	79	$	150

Provision for unfunded lending commitments	5		5		10


AULC balance, end of period	$	76	$	84	$	160
ACL balance, end of period	$	1,580	$	788	$	2,368



(dollar amounts in millions)	Commercial		Consumer		Total
Three months ended September 30, 2022
ALLL balance, beginning of period	$	1,342	$	732	$	2,074

Loan and lease charge-offs	(35)		(48)		(83)
Recoveries of loans and leases previously charged-off	20		19		39
Provision (benefit) for loan and lease losses	87		(7)		80


ALLL balance, end of period	$	1,414	$	696	$	2,110
AULC balance, beginning of period	$	53	$	41	$	94

Provision (benefit) for unfunded lending commitments	8		18		26


AULC balance, end of period	$	61	$	59	$	120
ACL balance, end of period	$	1,475	$	755	$	2,230
Nine months ended September 30, 2022
ALLL balance, beginning of period	$	1,462	$	568	$	2,030

Loan and lease charge-offs	(77)		(139)		(216)
Recoveries of loans and leases previously charged-off	83		62		145
Provision (benefit) for loan and lease losses	(54)		205		151


ALLL balance, end of period	$	1,414	$	696	$	2,110
AULC balance, beginning of period	$	41	$	36	$	77

Provision for unfunded lending commitments	20		23		43


AULC balance, end of period	$	61	$	59	$	120
ACL balance, end of period	$	1,475	$	755	$	2,230