Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 191

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 191
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. We focus predominantly on extending credit to consumer and commercial customers with existing or expandable relationships within our primary banking markets, although we will consider lending opportunities outside our primary markets if we believe the associated risks are acceptable and aligned with strategic initiatives. Although we offer a broad set of products, we continue to develop new lending products and opportunities. Each of these new products and opportunities goes through a rigorous development and approval process prior to implementation to ensure our overall objective of maintaining an aggregate moderate-to-low risk portfolio profile.

58     Huntington Bancshares Incorporated

Table of Contents

The checks and balances in the credit process and the separation of the credit administration and risk management functions are designed to appropriately assess and sanction the level of credit risk being accepted, facilitate the early recognition of credit problems when they occur, and provide for effective problem asset management and resolution. For example, we do not extend additional credit to delinquent borrowers except in certain circumstances that substantially improve our overall repayment or collateral coverage position.

Loan and Lease Credit Exposure Mix

At December 31, 2024, our loans and leases totaled $130.0 billion, representing a $8.1 billion, or 7%, increase compared to $122.0 billion at December 31, 2023.

The table below provides the composition of our total loan and lease portfolio. 

Table 7 - Loan and Lease Portfolio CompositionAt December 31,(dollar amounts in millions)20242023Commercial:Commercial and industrial$56,809 43 %$50,657 42 %Commercial real estate11,078 9 12,422 10 Lease financing5,454 4 5,228 4 Total commercial73,341 56 68,307 56 Consumer:Residential mortgage24,242 19 23,720 20 Automobile14,564 11 12,482 10 Home equity10,142 8 10,113 8 RV and marine5,982 5 5,899 5 Other consumer1,771 1 1,461 1 Total consumer56,701 44 53,675 44 Total loans and leases$130,042 100 %$121,982 100 %

The following table reflects the composition and maturities of the loan and lease portfolio and the interest rate sensitivity of loans and leases due after one year. 

Table 8 - Maturity Schedule of Loans and Leases and Interest Rate Sensitivity