Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 120

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 120
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$200 $3 $12 $302 0.25 %(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 rateWeighted-average years added to the lifeFromToThree months ended March 31, 2025Commercial and industrial7.90 %7.61 %0.9Commercial real estate  1.0Residential mortgage6.5Three months ended March 31, 2024Commercial and industrial8.24 7.28 0.4Commercial real estate  0.6Residential mortgage8.6(1)     Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.

54     Huntington Bancshares Incorporated

The performance of loans made to borrowers experiencing financial difficulty to 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 identified period.Past Due(dollar amounts in millions)30-59 Days60-89 Days90 or more daysTotalCurrentTotalAt March 31, 2025Commercial and industrial$8 $— $5 $13 $483 $496 Commercial real estate12 — 2 14 244 258 Residential mortgage9 9 15 33 39 72 Automobile2 — — 2 9 11 Home equity1 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 March 31, 2025$32 $10 $23 $65 $790 $855 At March 31, 2024Commercial and industrial$2 $11 $11 $24 $449 $473 Commercial real estate2 7 — 9 118 127 Residential mortgage8 5 9 22 31 53 Automobile2 — — 2 14