Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 41

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 41
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ized cost basis of loans modified during the reporting period to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of modification.Amortized Cost(dollar amounts in millions)Interest rate reductionTerm extensionPayment deferralCombo - interest rate reduction and term extensionTotal% of total loan class (1)Year Ended December 31, 2024Commercial and industrial$113 $209 $— $64 $386 0.68 %Commercial real estate— 233 — 24 257 2.32 Residential mortgage— 51 6 4 61 0.25 Automobile— 11 — 1 12 0.08 Home equity— 6 — 9 15 0.15 RV and marine— 1 — — 1 0.02 Other consumer2 — — — 2 0.11 Total loans to borrowers experiencing financial difficulty in which modifications were made$115 $511 $6 $102 $734 0.59 %Year Ended December 31, 2023Commercial and industrial$64 $387 $— $4 $455 0.90 %Commercial real estate2 151 — 4 157 1.26 Residential mortgage— 58 2 4 64 0.27 Automobile— 14 — 1 15 0.12 Home equity— 2 — 10 12 0.12 RV and marine— 1 — — 1 0.02 Other consumer1 — — — 1 0.07 Total loans to borrowers experiencing financial difficulty in which modifications were made$67 $613 $2 $23 $705 0.58 %(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 lifeFromToYear Ended December 31, 2024Commercial and industrial8.16 %7.12 %1.0Commercial real estate8.26 7.90 0.9Residential mortgage6.8Year Ended December 31,