Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 211

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 211
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 with originating and acquiring loans and leases. The aggregate amount of these loan and lease adjustments was a net discount of $509 million and $468 million at March 31, 2025 and December 31, 2024, respectively. (2)The total amount of accrued interest recorded for these loans and leases at March 31, 2025 was $313 million and $236 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2024 was $316 million and $235 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Unaudited Consolidated Balance Sheets. Lease FinancingThe following table presents net investments in lease financing receivables by category.(dollar amounts in millions)At March 31, 2025At December 31, 2024Lease payments receivable$5,160 $5,189 Estimated residual value of leased assets924 884 Gross investment in lease financing receivables6,084 6,073 Deferred origination costs54 56 Deferred fees, unearned income, and other(687)(675)Total lease financing receivables$5,451 $5,454 The carrying value of residual values guaranteed was $490 million and $517 million as of March 31, 2025 and December 31, 2024, respectively. The future lease rental payments due from customers on direct financing leases at March 31, 2025 totaled $5.2 billion and were due as follows: $700 million in 2025, $988 million in 2026, $972 million in 2027, $992 million in 2028, $814 million in 2029, and $694 million thereafter. Interest income recognized for these types of leases was $89 million and $79 million for the three-month periods ended March 31, 2025 and 2024, respectively. 

2025 1Q Form 10-Q     49

Nonaccrual and Past Due Loans and LeasesThe following table presents NALs by class.At March 31, 2025At December 31, 2024(dollar amounts in millions)Nonaccrual loans and leases with no ACLTotal nonaccrual loans and leasesNonaccrual loans and leases with no ACLTotal nonaccrual loans and leasesCommercial and industrial$51 $413 $