Huntington Bancshares Incorporated (HBAN) continues to extend its commercial banking business across the country by bringing its middle-market banking capabilities to Florida.The Florida expansion is the latest growth strategy for HBAN, which has expanded its middle-market banking presence into North Carolina, South Carolina and Texas over the last couple of years.Details of HBAN Commercial Banking ExpansionIn sync with its efforts to expand commercial banking in Florida, HBAN has hired middle-market banker ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Huntington Bancshares Incorporated (Exact name of registrant as specified in its charter) Maryland 1-34073 31-0724920 (State or other jurisdiction of incorporation or ...

Wasserstrom succeeds Timothy Sedabres, who has taken on a new role as Huntington's Head of Corporate and Strategic Finance. About Huntington COLUMBUS, Ohio, April 28, 2025 /PRNewswire/ -- The Huntington National Bank (Huntington) is pleased to announce Eric Wasserstrom has joined as Executive Vice President, Head of Investor Relations, effective April 28. Wasserstrom brings a wealth of knowledge and expertise, including more than two decades of experience in the financial services industry. He was most rece ...

Huntington Bancshares Incorporated (HBAN) reported first-quarter 2025 adjusted earnings per share (EPS) of 34 cents, which surpassed the Zacks Consensus Estimate of 31 cents. In the prior-year quarter, the company reported EPS of 26 cents.Results have reflected improvements in fee income, net interest income (NII), and average loan and deposit balances. However, an increase in non-interest expenses was a headwind.The company reported a net income attributable to common shareholders (GAAP basis) of $527 mill ...

2025 First Quarter Earnings Review Welcome. The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. are federally registered service marks of Huntington Bancshares Incorporated. ©2025 Huntington Bancshares Incorporated. Disclaimer Our Vision People-First, Customer-Centered Key Guiding Attributes Key Messages Delivered on organic growth strategies with sustained momentum supported by purposefully diversified customer base 1 Drove robust profit growth reflective of expanded net interest ma ...

Group 1 - The article discusses the Q1 coverage of Huntington Bancshares Incorporated (NASDAQ: HBAN) and suggests considering profit-taking in the range of $17-$18 [1] - The commentary indicates that the current market selloff presents opportunities for investment, with the company thriving during this period [1] - The article promotes a blended trading and income approach to enhance savings and retirement timelines, encouraging immediate action with a promotional discount [1] Group 2 - A money-back guarantee is mentioned for those who are not satisfied with the service, emphasizing confidence in the team's proven track record [2] - The article invites readers to take the next step in their investment journey with the company [2]

Financial Data and Key Metrics Changes - The company reported earnings per common share of $0.34, with a Return on Tangible Common Equity (ROTCE) of 16.7% for the quarter [21] - Pre-Provision Net Revenue (PPNR) expanded by 24% year-over-year to $783 million, with adjusted PPNR rising 18% year-over-year [22] - Average loan balances grew by $2.7 billion, or 2.1% from the prior quarter, while average deposits increased by $2.2 billion, or 1.4% [22] - Reported Common Equity Tier 1 (CET1) ended the quarter at 10.6%, increasing approximately 40 basis points from last year [23] Business Line Data and Key Metrics Changes - Average loans grew by almost $9 billion year-over-year, with significant contributions from both core businesses and new initiatives [15] - Fee income increased over 6% year-over-year, led by payments, wealth management, and capital markets [16][32] - Commercial loans increased by $2.2 billion, or 3.1%, from the prior quarter, with year-over-year growth of 7.3% [24] Market Data and Key Metrics Changes - The company maintained disciplined deposit pricing while achieving deposit growth, with primary bank relationships growing by 3% in consumer and 4% in business banking [16] - The overall cost of deposits decreased by 13 basis points to 2.03%, outperforming expectations [26] - Non-interest income increased by 6% year-over-year, driven by solid growth in payments, wealth management, and capital markets [32] Company Strategy and Development Direction - The company is focused on driving long-term value creation through investments in fee revenue areas and branch expansion in North and South Carolina [18][19] - A $1 billion multi-year share repurchase authorization was approved, providing flexibility for capital deployment [19][37] - The company continues to execute its strategy of disciplined client selection and broad diversification in its loan portfolio [10][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased economic uncertainty but expressed confidence in the company's ability to outperform peers [8][39] - The company expects loan growth within the range of 5% to 7% for the year, with deposit growth projected at 3% to 5% [40][41] - Management emphasized a cautious approach to credit and risk management, maintaining a moderate to low risk appetite [102] Other Important Information - The company has a strong foundation of risk management, with net charge-offs at 26 basis points and an allowance for credit losses at 1.87% [23][38] - The company is actively managing its hedging program to protect net interest margin and capital from potential rate changes [30][142] Q&A Session Summary Question: Can you unpack the higher net interest margin? - The outperformance was primarily driven by deposit pricing, achieving a cumulative deposit beta of 37% in Q1 [56][57] Question: What is the thought process behind the $1 billion buyback authorization? - The company has a consistent approach to capital allocation, expecting to buy back shares modestly this year [60][63] Question: Can you provide color on deposit cost progress? - Success is attributed to a consistent down beta plan and effective execution, with a focus on reducing the mix of CDs and shortening their duration [70][71] Question: How did the quarter evolve in terms of economic conditions? - The company had a strong start to the quarter, with a good pipeline, although some activity was deferred due to economic concerns [86][88] Question: What is the sentiment from clients regarding the current economic environment? - There is a wide range of client sentiment, with some sectors feeling bullish while others face challenges due to tariffs [97][99] Question: What is the outlook for loan growth in the second half of the year? - The company is being cautious with its guidance but remains optimistic about maintaining strong loan growth [102][103] Question: How is the company managing risk in the current environment? - The company emphasizes broad-based portfolio management and proactive outreach to support customers facing challenges [110] Question: What is the outlook for non-interest income growth? - The company expects modest growth in non-interest income, with capital markets activities anticipated to perform well [112][114]

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.31 per share when it actually produced earnings of $0.34, delivering a surprise of 9.68%.Over the last f ...

Financial Performance - Net interest income for Q1 2025 was $1,426 million, an increase of 11% compared to Q1 2024[9] - Net income attributable to Huntington was $527 million, a slight decrease of 1% from $530 million in Q4 2024, but a 26% increase from $419 million in Q1 2024[9] - Total revenue on a fully-taxable equivalent basis for Q1 2025 was $1,935 million, compared to $1,767 million in Q1 2024, indicating a 9.5% increase year-over-year[23] - Net interest income for the quarter was $1,441 million, showing an increase from $1,409 million in the previous quarter and $1,300 million a year ago[19] - Total equity remained stable at $20,045 million, with no significant change from the previous quarter but a 4% increase year-over-year[17] - Total Huntington shareholders' equity rose to $20,434 million in Q1 2025, up from $19,322 million in Q1 2024, representing an increase of 5.8%[37] Asset and Liability Management - Average total assets increased by 2% to $205,087 million compared to Q4 2024, and by 8% compared to Q1 2024[9] - Total assets at the end of the period were $209,596 million, reflecting a 3% increase from $204,230 million at the end of Q4 2024[13] - Total liabilities increased to $185,042 million, reflecting a 2% increase from the previous quarter and an 8% increase year-over-year[17] - Total risk-weighted assets (RWA) were $144,632 million as of March 31, 2025, compared to $143,650 million at December 31, 2024, reflecting a rise of 0.7%[33] Loan and Deposit Growth - Total loans and leases increased to $132,505 million in Q1 2025, up from $130,042 million in Q4 2024, representing a growth of 1.89%[15] - Total deposits rose to $165,337 million in Q1 2025, an increase from $162,448 million in Q4 2024, reflecting a growth of 1.09%[16] - Commercial and industrial loans reached $58,948 million, accounting for 45% of total loans, compared to $56,809 million and 43% in the previous quarter[15] - Consumer & Regional Banking segment accounted for $72,653 million in loans, which is 55% of total loans, slightly up from $72,051 million in Q4 2024[15] Credit Quality and Loss Provisions - Provision for credit losses was $115 million, up 7% from $107 million in both Q4 2024 and Q1 2024[9] - Total allowance for credit losses increased to $2,478 million, up from $2,446 million in the previous quarter[27] - Net charge-offs for the quarter were $86 million, down from $97 million in the previous quarter[28] - Nonperforming assets (NPAs) increased to 281 million, up from 273 million in the previous quarter[27] Capital Ratios and Shareholder Returns - The common equity tier 1 risk-based capital ratio was 10.6%, up from 10.5% in Q4 2024[9] - Total risk-based capital increased to $20,720 million as of March 31, 2025, compared to $20,565 million at December 31, 2024, reflecting a growth of 0.8%[33] - Cash dividends declared remained steady at $0.155 per share for Q1 2025, unchanged from the previous quarters, reflecting consistent shareholder returns[23] Operational Efficiency - The efficiency ratio improved to 58.9%, compared to 58.6% in Q4 2024, indicating better cost management[9] - The total cost of deposits decreased to 2.03% in Q1 2025 from 2.29% in Q1 2024, reflecting improved deposit management[21] Employee and Branch Metrics - The number of employees averaged 20,092 in Q1 2025, up from 19,719 in Q1 2024, indicating a growth of 1.9%[37] - The number of domestic full-service branches decreased to 968 in Q1 2025 from 969 in Q1 2024[38] - ATM count decreased to 1,560 in Q1 2025 from 1,606 in Q1 2024[37]

Exceptional Q1 Results Highlighted by Growth in Loans and Deposits, Expanded Net Interest Income, and Continued Strong Performance in Fee Revenue, Driving Robust Year-Over-Year Profit Growth2025 First-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.34, unchanged from the prior quarter, and $0.08 higher than the year-ago quarter. Excluding the after-tax impact of Notable Items, EPS was higher by $0.06 from the year-ago quarter. Net interest income increased $31 million, or 2%, fro ...