Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 145

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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 commitments(20)2 (18)AULC balance, end of period$124 $60 $184 ACL balance, end of period$1,672 $843 $2,515 Six months ended June 30, 2024ALLL balance, beginning of period$1,563 $692 $2,255 Loan and lease charge-offs (169)(104)(273)Recoveries of loans and leases previously charged-off57 34 91 Provision for loan and lease losses 136 95 231 ALLL balance, end of period$1,587 $717 $2,304 AULC balance, beginning of period$66 $79 $145 Provision (benefit) for unfunded lending commitments (2)(24)(26)AULC balance, end of period$64 $55 $119 ACL balance, end of period$1,651 $772 $2,423 At June 30, 2025, the ACL was $2.5 billion, a $69 million increase compared to December 31, 2024. The increase in the ACL was driven by loan and lease growth, partially offset by a modest reduction in overall coverage ratios. The ACL coverage ratio at June 30, 2025 is reflective of the current macro-economic forecast and changes in various risk profiles intended to capture uncertainty not addressed within the quantitative reserve. 

2025 2Q Form 10-Q     61

Table of Contents

The commercial ACL was $1.7 billion at June 30, 2025, a $44 million increase compared to December 31, 2024, with the increase primarily due to loan growth. The consumer ACL was $843 million at June 30, 2025, a $25 million increase compared to December 31, 2024, with the increase primarily due to loan growth.The baseline economic scenario used in the June 30, 2025 ACL determination assumes the imposition of tariffs impacts global trade and weakens the U.S. economy, with weak near-term GDP growth and increasing unemployment. The unemployment rate is forecasted to increase to 4.4% by the fourth quarter of 2025, continuing to increase to 4.9% through the end of 2026. The Federal Reserve is projected to restart rate cuts beginning in the second half of 2025 and into 2026, until reaching a federal