Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 39

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 39
---
 Charge-offs by Origination YearRevolver Gross Charge-offsRevolver Converted to Term Loans Gross Charge-offs(dollar amounts in millions)20232022202120202019PriorTotalYear Ended December 31, 2023Commercial and industrial$9 $47 $48 $14 $33 $13 $11 $2 $177 Commercial real estate8 9 31 — 26 4 7 — 85 Lease financing— 4 2 1 1 — — — 8 Residential mortgage— — 1 — — 4 — — 5 Automobile3 16 16 7 5 3 — — 50 Home equity— — — — — 1 2 6 9 RV and marine— 2 4 3 3 7 — — 19 Other consumer14 23 13 5 5 12 — 29 101 Total $34 $101 $115 $30 $73 $44 $20 $37 $454 Modifications to Debtors Experiencing Financial DifficultyHuntington will modify the contractual terms of loans to a borrower experiencing financial difficulties as a way to mitigate loss, proactively work with borrowers in financial difficulty, or to comply with regulations regarding the treatment of certain bankruptcy filing and discharge situations. A restructured note is evaluated to determine if it is considered a new loan or a continuation of the prior loan.  A debtor is considered to be experiencing financial difficulty when there is significant doubt about the debtor’s ability to make required payments on the debt or to get equivalent financing from another creditor at a market rate for similar debt. A loan placed on nonaccrual because the borrower is experiencing financial difficulty may be returned to accrual status when all contractually due interest and principal has been paid and the borrower demonstrates the financial capacity to continue to pay as agreed, with the risk of loss diminished.Reported Modification TypesModifications in the form of principal forgiveness, an interest rate reduction, an other than insignificant payment delay or a term extension that have occurred in the current reporting period to a borrower experiencing financial difficulty are disclosed along with the financial impact of the modifications. 

118     Huntington Bancshares Incorporated

Table of Contents

Huntington will generally try other forms of relief before principal forgiveness but would define any contractual reduction in the amount of principal