Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 86

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 86
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 respectively. 

16     Huntington Bancshares Incorporated

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

Table 9 - Commercial Real Estate Portfolio by Property TypeAt September 30, 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$3,904 3 %$4,426 3 %Warehouse/Industrial1,720 1 1,604 2 Retail1,609 1 1,477 1 Office1,419 1 1,559 1 Hotel955 1 817 1 Other1,125 1 1,195 1 Total commercial real estate loans and leases$10,732 8 %$11,078 9 %

Table 10 - Commercial Real Estate Portfolio by Geographic LocationAt September 30, 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 LeasesOhio$2,021 19 %$1,938 17 %Michigan1,923 18 2,148 19 Florida978 9 1,064 10 Illinois710 7 683 6 Pennsylvania512 5 426 4 Colorado466 4 362 3 Wisconsin413 4 342 3 California378 4 387 3 Texas377 4 476 4 Minnesota295 3 413 4 Other2,659 23 2,839 27 Total commercial real estate loans and leases$10,732 100 %$11,078 100 %

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

Our CRE portfolio totaled $10.7 billion at September 30, 2025, a decrease of $346 million, or 3%, compared to December 31, 2024. The CRE portfolio had an associated allowance coverage of 3.9% and 4.3% at September 30, 2025 and December 31, 2024, respectively. 

With declines in demand and property values of office space across the country, the office sector continues to be an area of uncertainty. Our office portfolio,