Key facts
- Huntington Bancshares' non-performing asset ratio reached its highest point since 2020 in the second quarter.
- Non-accrual commercial and industrial loans increased by 20%.
- Total non-performing assets grew by 19%.
- Total non-performing assets reached $1.61 billion in the second quarter.
Huntington Bancshares experienced a significant increase in its non-performing asset ratio during the second quarter, marking the highest point since 2020. The primary driver for this trend was a substantial 20% surge in non-accrual commercial and industrial loans. This rise in problematic loans contributed to a broader increase in total non-performing assets, which grew by 19% to reach $1.61 billion. The bank's performance in the second quarter indicates a growing concern regarding the quality of its loan portfolio, particularly within the commercial and industrial sector.