Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 207

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 207
---
56 1,563 69 56 ConsumerResidential mortgage205 9 19 188 8 20 Automobile145 6 11 142 7 10 Home equity148 7 8 114 5 8 RV and marine150 7 5 148 7 5 Other consumer112 5 1 100 4 1 Total consumer760 34 44 692 31 44 Total ALLL2,244 2,255 AULC202 145 Total ACL$2,446 $2,400 Total ALLL as % of:Total loans and leases1.73 %1.85 %Nonaccrual loans and leases286 338 NPAs273 317 Total ACL as % of:Total loans and leases1.88 %1.97 %Nonaccrual loans and leases312 360 NPAs297 337 

(1)Percentages represent the percentage of each loan and lease category to total loans and leases.

At December 31, 2024, the ACL was $2.4 billion, or 1.88%, of total loans and leases, compared to $2.4 billion, or 1.97%, at December 31, 2023. The increase in the total ACL was driven by loan and lease growth throughout 2024, partially offset by a reduction in the ACL coverage ratio. The reduction in the ACL coverage ratio at December 31, 2024, compared to December 31, 2023, is reflective of the current macro-economic environment.

NCOs

A loan in any portfolio may be charged-off prior to reaching the past due status described below if a loss confirming event has occurred. Loss confirming events include, but are not limited to, bankruptcy (unsecured), continued delinquency, foreclosure, or receipt of an asset valuation indicating a collateral deficiency where that asset is the sole source of repayment. Additionally, discharged or collateral dependent non-reaffirmed debt in Chapter 7 bankruptcy filings will result in a charge-off to estimated collateral value, less anticipated selling costs at the time of discharge.

Commercial loans and leases are either charged-off or written down to net realizable value by 90-days past due with the exception of administrative small ticket lease delinquencies. Automobile, RV and marine, and other consumer loans are generally fully charged-off at 120-days past due. First-lien and junior