Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 169

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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CommercialConsumerTotalThree months ended March 31, 2025ALLL balance, beginning of period$1,484 $760 $2,244 Loan and lease charge-offs(74)(59)(133)Recoveries of loans and leases previously charged-off30 17 47 Provision for loan and lease losses80 25 105 ALLL balance, end of period$1,520 $743 $2,263 AULC balance, beginning of period$144 $58 $202 Provision (benefit) for unfunded lending commitments14 (1)13 AULC balance, end of period$158 $57 $215 ACL balance, end of period$1,678 $800 $2,478 Three months ended March 31, 2024ALLL balance, beginning of period$1,563 $692 $2,255 Loan and lease charge-offs(74)(54)(128)Recoveries of loans and leases previously charged-off19 17 36 Provision for loan and lease losses81 36 117 ALLL balance, end of period$1,589 $691 $2,280 AULC balance, beginning of period$66 $79 $145 Provision (benefit) for unfunded lending commitments3 (13)(10)AULC balance, end of period$69 $66 $135 ACL balance, end of period$1,658 $757 $2,415 At March 31, 2025, the ACL was $2.5 billion, an increase of $32 million from December 31, 2024. The increase in the total ACL was driven by loan and lease growth, partially offset by a modest reduction in overall coverage ratios. The ACL coverage ratio at March 31, 2025 is reflective of the current macro-economic forecast and changes in various risk profiles intended to capture uncertainty not addressed within the quantitative reserve. The commercial ACL was $1.7 billion at March 31, 2025, an increase of $50 million from December 31, 2024. The increase was driven by commercial loan growth.The consumer ACL was $800 million at March 31, 2025, a decrease of $17 million from December 31, 2024. The decrease was primarily due to improvement in the forecasted path of the HPI index which