Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 34

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 34
---
 on data provided by the credit bureaus and refreshed at least quarterly. The credit bureau score is widely accepted as the standard measure of consumer credit risk used by lenders, regulators, rating agencies, and consumers. The higher the credit bureau score, the higher likelihood of repayment and therefore, an indicator of higher credit quality.Huntington assesses the risk in the loan portfolio by utilizing numerous risk characteristics. The classifications described above, and also presented in the table below, represent one of those characteristics that are closely monitored in the overall credit risk management processes.

2024 Form 10-K     115

Table of Contents

The following tables present the amortized cost basis of loans and leases by vintage and internally defined credit quality indicator.At December 31, 2024Term Loans Amortized Cost Basis by Origination YearRevolver Total at Amortized Cost BasisRevolver Total Converted to Term Loans(dollar amounts in millions)20242023202220212020PriorTotalCommercial and industrialCredit Quality Indicator:Pass$16,097 $7,939 $6,587 $2,747 $1,708 $1,846 $16,790 $4 $53,718 OLEM124 80 82 24 7 23 273 — 613 Substandard445 385 440 209 107 164 690 — 2,440 Doubtful— — 2 — — — 36 — 38 Total Commercial and industrial$16,666 $8,404 $7,111 $2,980 $1,822 $2,033 $17,789 $4 $56,809 Commercial real estateCredit Quality Indicator:Pass$1,415 $1,010 $2,754 $1,380 $947 $1,877 $635 $— $10,018 OLEM— 78 114 66 2 64 4 — 328 Substandard218 37 280 52 10 124 11 — 732 Total Commercial real estate$1,633 $1,125 $3,148 $1,498 $959 $2,065 $650 $— $11,078 Lease financingCredit Quality Indicator:Pass$2,100 $1,610 $709 $449 $349