What to know: Huntington Bancshares in Columbus Ohio believes it could close its $1.9 billion deal for Veritex Financial in Dallas early in the fourth quarter, extending a recent trend of earlier deal completions. Deeper dive: Huntington has acquired most of the land it needs for a planned de novo expansion in North Carolina and South Carolina, and it expects branch construction in the region to accelerate in 2026. Bottom line: Growth in Texas and the Carolinas is boosting the $207.7 billion-asset region ...

PresentationJason GoldbergMD & Senior Equity Analyst Let me just join you -- Venkat's comments from earlier just welcoming everyone to our 23rd Annual Global Financial Services Conference. I'm very pleased you could all make it. I can't take -- I can't miss this opportunity in the back is our kind of updated marketing deck and posters. So please make sure to grab them at some point over the next 3 days. We're very pleased to have kicking off our kind of company sessions, Huntington Bancshares to start it of ...

Huntington Bancshares (NasdaqGS:HBAN) FY Conference September 08, 2025 09:00 AM ET Company ParticipantsJason Goldberg - Managing DirectorZachary Wasserman - Senior EVP & CFOBrant Standridge - Senior EVP & President - Consumer & Regional BankingConference Call ParticipantsNone - AnalystJason GoldbergLet me just join you, Vancannah's comments from earlier, just welcoming everyone to our 23rd annual Global Financial Services Conference. I'm very pleased you could all make it. I can't miss this opportunity. In ...

(2) Huntington 2025 Barclays Global Financial Services Conference Welcome. September 8, 2025 The Huntington National Bank is Member FDIC. II ®, Huntington® and WHIHHuntington. are federally registered service marks of Huntington Bancshares Incorporated. ©2025 Huntington Bancshares Incorporated. Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS The information contained or incorporated by reference in this presentation contains certain forward-looking statements, including, but not limited to, certain ...

Core Insights - Huntington Bancshares (HBAN) shares have increased by 23.2% over the past year, outperforming the industry growth of 19.7% [1][7] - The company's net interest income (NII) and net interest margin (NIM) are on the rise, with NII expected to grow by 8-9% from $5.34 billion in 2024 [5] - Total deposits have shown a five-year CAGR of 14.6%, with management projecting average deposit growth of 4-6% from $155.1 billion in 2024 [6] Performance Metrics - NII recorded a four-year CAGR of 10.5% from 2019 to 2024, while NIM improved from 2.84% in 2021 to 3.25% in 2022 [5] - Total loan balance saw a CAGR of 11.5% over the same five-year period, continuing into the first half of 2025 [6] - As of June 30, 2025, Huntington's liquidity totaled $10.9 billion, with a long-term debt of $18 billion and only $576 million in short-term borrowings [9] Strategic Initiatives - Huntington has made several strategic acquisitions, including the planned acquisition of Veritex Holdings, which aims to enhance its presence in Texas [8] - The company has also acquired Capstone Partners and Torana to bolster its capital markets and digital capabilities [8] Challenges - Non-interest expenses have seen a CAGR of 10.9% over the last five years, with expectations for adjusted non-interest expenses to grow by 5-6% in 2025 from $4.51 billion in 2024 [10] - Commercial loans represent 57% of Huntington's total loan portfolio, with 73.7% of non-performing assets tied to these loans, indicating a high concentration risk [11] Valuation Perspective - HBAN stock trades at a forward P/E ratio of 11.49X, higher than the industry average of 11.04X, suggesting a premium valuation [13] - Prospective investors may consider waiting for a more attractive entry point due to the current valuation [15]

Core Viewpoint - Huntington Bancshares Incorporated will participate in the 2025 Barclays Global Financial Services Conference, discussing business trends, financial performance, and strategic initiatives [1] Group 1: Conference Participation - The conference is scheduled for September 8, 2025, with presentations by the CFO and the president of Consumer and Regional Banking [1] - The presentation will include forward-looking statements [1] Group 2: Webcast Information - Investors can access the live audio webcast through the investor relations section of Huntington's website, with a replay available afterward [2] Group 3: Company Overview - Huntington Bancshares is a regional bank holding company with $208 billion in assets, headquartered in Columbus, Ohio [3] - The company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services [3] - Huntington operates 971 branches across 13 states [3]

Core Viewpoint - The proposed sale of Veritex Holdings, Inc. to Huntington Bancshares Incorporated is under investigation to assess whether the transaction adequately values Veritex and the process leading to this valuation [1]. Group 1 - Veritex shareholders will receive 1.95 shares of Huntington for each share of Veritex they own as part of the proposed transaction [1]. - Kahn Swick & Foti, LLC is investigating the adequacy of the consideration offered to Veritex shareholders [1].

Core Insights - The regulatory environment under the Trump administration has led to an increase in mergers and acquisitions (M&A) activities, with 26 bank deals announced in July, the highest monthly total since June 2021 [1][10] - The total deal value in July reached $10.83 billion, marking the largest amount since December 2021 [1][10] Group 1: Reasons Behind M&A Upsurge - The rebound in M&A activities in the banking sector is a response to market challenges, driven by pent-up demand, improving bank stock valuations, and the desire for competitive advantage [2] - Renewed optimism for bank consolidations is fueled by proposed easing of criteria for banks to be deemed "well managed," which is crucial for M&A eligibility [3] - Faster regulatory approval timelines are encouraging larger and regional banks to explore potential deals [4] Group 2: Notable M&A Deals - Pinnacle Financial Partners and Synovus Financial Corp announced an all-stock merger deal valued at $8.6 billion, expected to close in Q1 2026, marking the largest U.S. bank M&A deal since 2021 [5][10] - The merger is projected to be 21% accretive to Pinnacle's estimated operating EPS in 2027 and is expected to be tax-free for shareholders of both companies [6] - Huntington Bancshares announced an agreement to acquire Veritex Holdings for $1.9 billion, expected to close in Q4 2025, representing the third-largest U.S. bank M&A deal announced in 2025 [7][10] Group 3: Benefits of Increased M&A Activities - Increased M&A activities are expected to lead to technology upgrades as banks combine digital platforms, which may result in temporary service disruptions but ultimately help banks grow faster and improve profitability [12] - Larger balance sheets from M&A will enable banks to compete more effectively with national players, while branch consolidation and shared technology systems can significantly lower operating costs [12] - For banks reliant on investment banking, the rise in M&A activity will boost advisory revenues, supporting overall fee income growth [13]

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 June 30, 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 or ...

Core Insights - Huntington Bancshares reported Q2 2025 earnings per share (EPS) of $0.34, with average loans and deposits increasing by $2.3 billion (1.8%) and $1.8 billion (1.1%) respectively, leading to an upward revision of full-year loan growth guidance to 6% to 8% [1] Financial Performance - On an adjusted basis, pre-provision net revenue (PPNR) grew 15% year over year, while expense growth for 2025 is forecasted at 5% to 6%, primarily due to higher incentive compensation [2] - Operating leverage is more positive than initially budgeted, enhancing tangible book value and return on equity [3] Strategic Acquisition - The acquisition of Veritex will add over 30 branches to Huntington's Texas operations, significantly expanding its presence in the Dallas-Fort Worth and Houston areas, making Texas the company's third-largest deposit market post-acquisition [4][5] Credit and Funding Profile - Net charge-offs decreased to 20 basis points, with the allowance for credit losses rising to 1.86%, indicating a cautious risk posture [6] - Adjusted CET1 capital reached 9%, at the lower end of the targeted operating range, with strong liquidity reflected by 2 times coverage of uninsured deposits [7] Future Outlook - Management has raised the full-year loan growth outlook to 6% to 8%, while net charge-off guidance for 2025 has been lowered to 20 to 30 basis points [8] - Expectations for Q3 2025 include approximately 1% sequential loan growth and stable net interest income, with expenses projected at about $1.2 billion [8]