Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 210

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part II, Item 8
Chunk 210
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 which were not governmental or government-sponsored, that exceeded 10% of shareholders’ equity at either March 31, 2025 or December 31, 2024. At March 31, 2025, substantially all HTM debt securities are comprised of securities issued by government sponsored entities or are explicitly guaranteed by the U.S. government. In addition, there were no HTM debt securities considered past due at March 31, 2025.Based on an evaluation of available information including security type, counterparty credit quality, past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability of cash flows, as of March 31, 2025, Huntington has concluded that, except for one municipal bond classified as an AFS debt security for which $2 million of write-downs were recognized during 2024, it expects to receive all contractual cash flows from each security held in its AFS and HTM debt securities portfolio. Huntington recognized a $3 million recovery during the first quarter of 2025 related to one AFS municipal security that had previously been written down. There was no allowance related to investment securities as of March 31, 2025 or December 31, 2024.

48     Huntington Bancshares Incorporated

4. LOANS AND LEASES 

The following table provides a detailed listing of Huntington’s loan and lease portfolio. (dollar amounts in millions)At March 31, 2025At December 31, 2024Commercial loan and lease portfolio:Commercial and industrial$58,948 $56,809 Commercial real estate10,968 11,078 Lease financing5,451 5,454 Total commercial loan and lease portfolio75,367 73,341 Consumer loan portfolio:Residential mortgage24,369 24,242 Automobile14,877 14,564 Home equity10,130 10,142 RV and marine5,939 5,982 Other consumer1,823 1,771 Total consumer loan portfolio57,138 56,701 Total loans and leases (1)(2)132,505 130,042 Allowance for loan and lease losses(2,263)(2,244)Net loans and leases$130,242 $127,798 (1)Loans and leases are reported at principal amount outstanding, including unamortized purchase premiums and discounts, unearned income, and net direct fees and costs associated