Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 85

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 85
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 Estate Portfolio by Property-typeAt June 30, 2025At December 31, 2024(dollar amounts in millions)Amount by Property-Type% of Total Loans and LeasesAmount by Property-Type% of Total Loans and LeasesMulti-family$3,947 3 %$4,426 3 %Warehouse/Industrial1,696 1 1,604 2 Retail1,631 1 1,477 1 Office1,483 1 1,559 1 Hotel848 1 817 1 Other1,093 1 1,195 1 Total commercial real estate loans and leases$10,698 8 %$11,078 9 %

Table 10 - Commercial Real Estate Portfolio by Geographic LocationAt June 30, 2025At December 31, 2024(dollar amounts in millions)Amount by Location (1)% of Total CRE Loans and LeasesAmount by Location (1)% of Total CRE Loans and LeasesOhio$1,974 18 %$1,938 17 %Michigan1,929 18 2,148 19 Florida1,009 9 1,064 10 Illinois715 7 683 6 Pennsylvania506 5 426 4 Wisconsin393 4 342 3 California382 4 387 3 Colorado370 3 362 3 Texas363 3 476 4 Georgia350 3 375 3 Other2,707 26 2,877 28 Total commercial real estate loans and leases$10,698 100 %$11,078 100 %

(1)    Geographic location based on location of underlying collateral.

Our CRE portfolio totaled $10.7 billion at June 30, 2025, a decrease of $380 million, or 3%, compared to December 31, 2024. The CRE portfolio had an associated allowance coverage of 3.9% and 4.3% at June 30, 2025 and December 31, 2024, respectively. 

With declines in demand and property values of office space across the country, the office sector continues to be an area of uncertainty. Our office portfolio, which is predominantly suburban and multi-tenant loans, totaled $1.5 billion, or 1% of total loans and leases, as