Key facts
- Huntington Bancshares' non-performing asset ratio reached its highest level since the Covid-19 pandemic in the second quarter.
- Non-accrual commercial and industrial loans increased by 20% to $986 million.
- Total non-performing assets rose by $255 million, or 19%, to $1.61 billion during the quarter.
Huntington Bancshares' non-performing asset ratio climbed to its highest point since 2020 in the second quarter. This increase was primarily driven by a 20% rise in non-accrual commercial and industrial loans, which reached a record $986 million. Overall, total non-performing assets grew by $255 million, or 19%, during the quarter, totaling $1.61 billion. This follows a significant increase in the first quarter when Huntington incorporated loans acquired through a previous transaction.