Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 68

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 68
---
 loan category. 

(2)    Amounts include $3.9 billion and $4.2 billion of auto dealer services loans at March 31, 2025 and December 31, 2024, respectively. 

The following tables present our commercial real estate portfolio by property-type and geographic location.

Table 8 - Commercial Real Estate Portfolio by Property-typeAt March 31, 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$4,290 3 %$4,426 3 %Warehouse/Industrial1,680 1 1,604 2 Retail1,591 1 1,477 1 Office1,553 1 1,559 1 Hotel793 1 817 1 Other1,061 1 1,195 1 Total commercial real estate loans and leases$10,968 8 %$11,078 9 %

14     Huntington Bancshares Incorporated

Table 9 - Commercial Real Estate Portfolio by Geographic LocationAt March 31, 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 LeasesMichigan$2,068 19 %$2,148 19 %Ohio1,949 18 1,938 17 Florida968 9 1,064 10 Illinois738 7 683 6 Texas478 4 476 4 Pennsylvania426 4 426 4 Colorado417 4 362 3 Minnesota393 4 413 4 California374 3 387 3 Wisconsin371 3 342 3 Other2,786 25 2,839 27 Total commercial real estate loans and leases$10,968 100 %$11,078 100 %

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

Our CRE portfolio totaled $11.0 billion at March 31, 2025, a decrease of $110 million, or 1%, compared to December 31, 2024. The CRE portfolio had an associated allowance coverage of 4.0% and 4.3% at March 31