Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 21

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Annual Report on Form 10-K for a description of reported modification types and the impact on credit quality of borrowers experiencing financial difficulty.The following table summarizes the amortized 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)Three months ended March 31, 2025Commercial and industrial$47 $173 $— $— $220 0.37 %Commercial real estate— 97 — — 97 0.88 Residential mortgage— 16 7 1 24 0.10 Automobile— 2 — — 2 0.01 Home equity— 2 — 2 4 0.04 Other consumer1 — — — 1 0.05 Total loans to borrowers experiencing financial difficulty to which modifications were made$48 $290 $7 $3 $348 0.26 %Three months ended March 31, 2024Commercial and industrial$87 $154 $— $7 $248 0.48 %Commercial real estate— 31 — — 31 0.25 Residential mortgage— 10 3 1 14 0.06 Automobile— 4 — — 4 0.03 Home equity— 1 — 4 5 0.05 Total loans to borrowers experiencing financial difficulty to which modifications were made$87 $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