Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 31

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 31
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 2024 and 2023, respectively. (2)The total amount of accrued interest recorded for these loans and leases at December 31, 2024, was $316 million and $235 million of commercial and consumer loan and lease portfolios, respectively, and at December 31, 2023, was $333 million and $220 million of commercial and consumer loan and lease portfolios, respectively. Accrued interest is presented in accrued income and other receivables within the Condensed Consolidated Balance Sheets. Lease FinancingThe following table presents net investments in lease financing receivables by category. At December 31,(dollar amounts in millions)20242023Lease payments receivable$5,189 $4,980 Estimated residual value of leased assets884 804 Gross investment in lease financing receivables6,073 5,784 Deferred origination costs56 54 Deferred fees, unearned income and other(675)(610)Total lease financing receivables$5,454 $5,228 The carrying value of residual values guaranteed was $517 million and $478 million as of December 31, 2024 and December 31, 2023, respectively. The future lease rental payments due from customers on direct financing leases at December 31, 2024, totaled $5.2 billion and were due as follows: $507 million in 2025, $773 million in 2026, $1.0 billion in 2027, $1.2 billion in 2028, $1.0 billion in 2029, and $713 million thereafter. Interest income recognized for these types of leases was $336 million, $287 million, and $249 million for the years 2024, 2023, and 2022, respectively.

2024 Form 10-K     113

Table of Contents

Nonaccrual and Past Due Loans and LeasesThe following table presents NALs by class. At December 31, 2024At December 31, 2023(dollar amounts in millions)Nonaccrual loans and leases with no ACLTotal nonaccrual loans and leasesNonaccrual loans and leases with no ACLTotal nonaccrual loans and leasesCommercial and industrial$71 $457 $66 $344 Commercial real estate75 118 64 140 Lease financing— 10 3 14 Residential mortgage—