Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 196

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 196
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,124 2 3,107 3 Utilities2,406 2 2,533 2 Professional, scientific, and technical services2,053 2 2,035 2 Other services1,962 2 1,864 2 Construction1,890 1 1,738 1 Admin./support/waste mgmt. and remediation services1,681 1 1,498 1 Information (1)1,647 1 1,291 1 Arts, entertainment, and recreation1,646 1 1,366 1 Public administration705 1 704 1 Educational services539 — 448 — Agriculture, forestry, fishing, and hunting478 — 454 — Management of companies and enterprises251 — 122 — Mining, quarrying, and oil and gas extraction215 — 102 — Unclassified/other181 — 305 — Total commercial loans and leases by industry category73,341 56 68,307 56 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 consumer loans1,771 1 1,461 1 Total loans and leases$130,042 100 %$121,982 100 %

(1)    Includes non-real estate secured commercial loans to REITs, which are classified in the C&I loan category.

(2)    Amounts include $4.2 billion and $3.3 billion of auto dealer services loans at December 31, 2024 and December 31, 2023, respectively. 

Commercial Credit

The primary factors considered in commercial credit approvals are the financial strength of the borrower, assessment of the borrower’s management capabilities, cash flows from operations, industry sector trends, type and sufficiency of collateral, type of exposure, transaction structure, and the general economic outlook. While these are the primary factors considered, there are a number of other factors that may be considered in the decision process. We require the signature approval of both the appropriate line of business leaders and independent credit executives. The risk rating, credit exposure amount, and complexity of the credit determines the threshold for