Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 42

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 42
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2023Commercial and industrial8.62 %8.05 %1.0Commercial real estate  1.0Residential mortgage  7.7(1)Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial. 

120     Huntington Bancshares Incorporated

Table of Contents

The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored to understand the effectiveness of modification efforts. Loans are considered to be in payment default at 90 or more days past due. The following table depicts the performance of loans that have been modified during the reporting period.Past Due(dollar amounts in millions)30-59 Days60-89 Days90 or more daysTotalCurrentTotalAt December 31, 2024Commercial and industrial$6 $3 $4 $13 $373 $386 Commercial real estate12 — 13 25 232 257 Residential mortgage11 7 15 33 28 61 Automobile1 1 — 2 10 12 Home equity1 1 3 5 10 15 RV and marine— — — — 1 1 Other consumer— — — — 2 2 Total loans to borrowers experiencing financial difficulty in which modifications were made in the year ended December 31, 2024$31 $12 $35 $78 $656 $734 At December 31, 2023Commercial and industrial$21 $25 $7 $53 $402 $455 Commercial real estate— — 5 5 152 157 Residential mortgage9 8 11 28 36 64 Automobile2 1 — 3 12 15 Home equity1 1 1 3 9 12 RV and marine— — — — 1 1 Other consumer— — — — 1 1 Total loans to borrowers experiencing financial difficulty in which modifications were made in the year ended December 31, 2023$33 $35 $24 $92 $613 $705 Pledged Loans and LeasesThe Bank has access to secured borrowings from the Federal Reserve’s discount window and advances from the FHLB. As of December 31, 2024 and 2023,