Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 43

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 43
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 loans and leases totaling $105.4 billion and $101.8 billion, respectively, were pledged to the FRB and FHLB for access to these contingent funding sources.

2024 Form 10-K     121

Table of Contents

 5. ALLOWANCE FOR CREDIT LOSSES 

The following table presents ACL activity by portfolio segment.(dollar amounts in millions)CommercialConsumerTotalYear Ended December 31, 2024:ALLL balance, beginning of period$1,563 $692 $2,255 Loan and lease charge-offs (311)(220)(531)Recoveries of loans and leases previously charged-off94 65 159 Provision for loan and lease losses138 223 361 ALLL balance, end of period$1,484 $760 $2,244 AULC balance, beginning of period$66 $79 $145 Provision (benefit) for unfunded lending commitments78 (21)57 AULC balance, end of period$144 $58 $202 ACL balance, end of period$1,628 $818 $2,446 Year Ended December 31, 2023:ALLL balance, beginning of period$1,424 $697 $2,121 Loan and lease charge-offs(270)(184)(454)Recoveries of loans and leases previously charged-off112 69 181 Provision for loan and lease losses297 110 407 ALLL balance, end of period$1,563 $692 $2,255 AULC balance, beginning of period$71 $79 $150 Provision (benefit) for unfunded lending commitments(5)— (5)AULC balance, end of period$66 $79 $145 ACL balance, end of period$1,629 $771 $2,400 Year Ended December 31, 2022:ALLL balance, beginning of period$1,462 $568 $2,030 Loan and lease charge-offs(129)(184)(313)Recoveries of loans and leases previously charged-off114 78 192 Provision (benefit) for loan and lease losses(23)235 212 ALLL balance, end of period$1,424 $697 $2,121 AULC balance, beginning of period$41 $