Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 73

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 73
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5March 31, 2024Net charge-offs (recoveries) by loan and lease type:Commercial:Commercial and industrial$48 $42 Commercial real estate(8)13 Lease financing4 — Total commercial44 55 Consumer:Residential mortgage— — Automobile13 9 Home equity— — RV and marine7 5 Other consumer22 23 Total consumer42 37 Total net charge-offs$86 $92 Net charge-offs (recoveries) - annualized percentages:Commercial:Commercial and industrial0.33 %0.33 %Commercial real estate(0.26)0.41 Lease financing0.33 0.01 Total commercial0.24 0.32 Consumer:Residential mortgage— — Automobile0.35 0.27 Home equity— 0.01 RV and marine0.45 0.36 Other consumer4.89 6.39 Total consumer0.29 0.28 Net charge-offs as a % of average loans and leases0.26 %0.30 %

NCOs were an annualized 0.26% of average loans and leases in the first quarter of 2025, down from 0.30% in the year-ago quarter, largely due to the net recoveries in commercial real estate loans. NCOs for commercial loans and leases were lower, with annualized commercial loan and lease NCOs of 0.24% in the first quarter of 2025, compared to 0.32% in the year-ago quarter. Annualized consumer loan NCOs of 0.29% in the first quarter of 2025, increased slightly compared to 0.28% in the year-ago quarter. 

18     Huntington Bancshares Incorporated

Market Risk

Market risk refers to potential losses arising from changes in interest rates, credit spreads, foreign exchange rates, equity prices, and commodity prices, including the correlation among these factors and their volatility. When the value of an instrument is tied to such external factors, the holder faces market risk. We are exposed primarily to interest rate risk as a result of offering a wide array of financial products to our customers, and secondarily to price risk from trading securities, securities owned by our broker-dealer subsidiaries, foreign exchange positions, equity investments, and investments in securities backed by mortgage loans.

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