Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 30

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 30
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 a single issuer, which were not governmental or government-sponsored, that exceeded 10% of shareholders’ equity at either December 31, 2024 or December 31, 2023. At December 31, 2024, substantially all HTM debt securities are comprised of securities issued by government sponsored entities or are explicitly guaranteed by the U.S. government. In addition, there were no HTM debt securities considered past due at December 31, 2024.Based on an evaluation of available information including security type, counterparty credit quality, past events, current conditions, and reasonable and supportable forecasts that are relevant to collectability of cash flows, as of December 31, 2024, Huntington has concluded that, except for one municipal bond classified as an AFS debt security for which $2 million of write-downs were recognized during 2024, it expects to receive all contractual cash flows from each security held in its AFS and HTM debt securities portfolio. There was no allowance related to securities as of December 31, 2024 or December 31, 2023.

112     Huntington Bancshares Incorporated

Table of Contents

4. LOANS AND LEASES

The following table provides a detailed listing of Huntington’s loan and lease portfolio.At December 31,(dollar amounts in millions)20242023Commercial loan and lease portfolio:Commercial and industrial$56,809 $50,657 Commercial real estate11,078 12,422 Lease financing5,454 5,228 Total commercial loan and lease portfolio73,341 68,307 Consumer loan portfolio:Residential mortgage24,242 23,720 Automobile14,564 12,482 Home equity10,142 10,113 RV and marine5,982 5,899 Other consumer1,771 1,461 Total consumer loan portfolio56,701 53,675 Total loans and leases (1)(2)130,042 121,982 Allowance for loan and lease losses(2,244)(2,255)Net loans and leases$127,798 $119,727 (1)Loans and leases are reported at principal amount outstanding including unamortized purchase premiums and discounts, unearned income, and net direct fees and costs associated with originating and acquiring loans and leases. The aggregate amount of these loan and lease adjustments was a net discount of $468 million and $323 million at December 31,