Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 72

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 72
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 Credit Losses(dollar amounts in millions)At March 31, 2025At December 31, 2024Allocation of Allowance% of Total ALLL% of Total Loans and Leases (1) Allocation of Allowance% of Total ALLL% of Total Loans and Leases (1) CommercialCommercial and industrial$1,017 44 %45 %$947 42 %43 %Commercial real estate443 20 8 473 21 9 Lease financing60 3 4 64 3 4 Total commercial1,520 67 57 1,484 66 56 ConsumerResidential mortgage199 9 19 205 9 19 Automobile150 7 11 145 6 11 Home equity140 6 8 148 7 8 RV and marine146 6 4 150 7 5 Other consumer108 5 1 112 5 1 Total consumer743 33 43 760 34 44 Total ALLL2,263 2,244 AULC215 202 Total ACL$2,478 $2,446 Total ALLL as a % ofTotal loans and leases1.71 %1.73 %Nonaccrual loans and leases302 286 NPAs281 273 Total ACL as % ofTotal loans and leases1.87 %1.88 %Nonaccrual loans and leases331 312 NPAs308 297 

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

2025 1Q Form 10-Q     17

At March 31, 2025, the ACL was $2.5 billion, or 1.87% of total loans and leases, compared to $2.4 billion, or 1.88%, at December 31, 2024. The increase in the total ACL was driven by loan and lease growth, partially offset by a slight reduction in the ACL coverage ratio. 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. 

NCOs

The table below reflects NCO detail.

Table 13 - Net Charge-off AnalysisThree Months Ended(dollar amounts in millions)March 31, 202