Core Viewpoint - Huntington National Bank has appointed Eric Wasserstrom as Executive Vice President, Head of Investor Relations, effective April 28, 2025, to enhance investor engagement and support the bank's growth initiatives [1][3]. Group 1: Appointment Details - Eric Wasserstrom brings over two decades of experience in the financial services industry, previously serving as Senior Vice President and Head of Global Investor Relations at Walgreens Boots Alliance [2]. - Wasserstrom has also held significant roles at Discover Financial Services and UBS Securities, where he developed expertise in aligning strategic initiatives with shareholder priorities [2]. Group 2: Responsibilities and Impact - In his new role, Wasserstrom will oversee all aspects of investor relations, ensuring timely and transparent communication regarding the company's performance and outlook [3]. - He will be instrumental in developing strategies to enhance shareholder value and support the bank's growth initiatives [3]. Group 3: Company Background - Huntington Bancshares Incorporated is a regional bank holding company with $210 billion in assets, headquartered in Columbus, Ohio, and operates 968 branches across 13 states [5].

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]

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) reported strong first-quarter 2025 results, with adjusted earnings per share (EPS) of 34 cents, exceeding the Zacks Consensus Estimate of 31 cents and up from 26 cents in the prior-year quarter [1] Financial Performance - The company achieved a net income attributable to common shareholders of $527 million, an increase from $419 million in the prior-year quarter [2] - Total quarterly revenues increased by 9.5% year over year to $1.94 billion, surpassing the Zacks Consensus Estimate of $1.9 billion [3] - Net interest income (NII) on a fully taxable-equivalent (FTE) basis was $1.44 billion, up 10.8% from the prior-year quarter, driven by a rise in average earning assets and net interest margin (NIM), which increased by 9 basis points to 3.10% [4] - Non-interest income rose 5.8% year over year to $494 million, with most components contributing positively, except for leasing revenue and other non-interest income [5] - Non-interest expenses increased by 1.3% year over year to $1.15 billion, primarily due to higher personnel costs and other operational expenses [5] - The efficiency ratio improved to 58.9%, down from 63.7% in the year-ago quarter, indicating enhanced profitability [6] Loans and Deposits - As of March 31, 2025, average loans and leases increased nearly 2.1% sequentially to $130.86 billion, while average total deposits rose 1.4% to $161.6 billion [7] Credit Quality - Net charge-offs were $86 million, down from $92 million in the prior-year quarter, with the allowance for credit losses increasing by 2.6% to $2.48 billion [8] - Total non-performing assets rose to $804 million, an increase of 8.9% from the prior-year quarter [8] - The provision for credit losses was recorded at $115 million, up 7.5% from the year-ago quarter [9] Capital Ratios - The common equity tier 1 risk-based capital ratio improved to 10.6% from 10.2% in the prior-year period [10] - The regulatory Tier 1 risk-based capital ratio decreased to 11.9% from 12% in the comparable period in 2024 [10] - The tangible common equity to tangible assets ratio increased to 6.3% from 6.0% in the year-ago quarter [10] Strategic Outlook - The company's inorganic expansion efforts are expected to bolster revenue growth in the near term, while enhancing commercial banking capabilities and expanding in key growth markets will support long-term financial performance [12]

Financial Performance - Loan growth year-over-year reached $8.9 billion, a 7.3% increase[11] - Deposit growth year-over-year was $10.9 billion, up by 7.2%[11] - The Net Interest Margin (NIM) increased to 3.10% in 1Q25[35] - Tangible Book Value (TBV) per Share increased by 13% year-over-year[80] Credit Quality - Net Charge-Off (NCO) ratio stood at 0.26%[11] - Multifamily CRE loans accounted for $4.3 billion, representing 3.2% of total loans[150] - Office CRE loans accounted for $1.6 billion, representing 1.2% of total loans[150] Capital & Liquidity - Adjusted CET1 ratio was 8.9%[11] - The company has 2x Uninsured Deposit Coverage[11] - Effective swaps hedging program profile is at $26.3 billion[200] Noninterest Income - Total Noninterest Income (GAAP) for 1Q25 was $494 million[44] - Adjusted Noninterest Income for 1Q25 was $497 million[44]

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]

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 ...

Huntington Bancshares Incorporated (HBAN) is slated to report first-quarter 2025 results on April 17, before the opening bell. The company’s quarterly revenues and earnings are expected to have increased year over year.In the last reported quarter, the bank recorded a positive earnings surprise of 9.7%. Results reflected improvements in fee income and net interest income (NII).  However, an increase in the allowance for credit losses was a headwind.  HBAN has an impressive earnings surprise history. Its ear ...

Core Viewpoint - Huntington Bancshares (HBAN) is expected to report quarterly earnings of $0.31 per share, reflecting a 10.7% increase year-over-year, with revenues projected at $1.9 billion, a 7.3% increase compared to the previous year [1] Earnings Projections - The consensus EPS estimate has been adjusted downward by 1.8% over the past 30 days, indicating a reassessment by analysts [1][2] - Analysts emphasize the importance of revisions to earnings projections as they are closely linked to investor behavior and stock price performance [2] Key Financial Metrics - Analysts predict an 'Efficiency Ratio' of 61.3%, down from 63.7% a year ago [3] - The 'Net Interest Margin (FTE)' is estimated to remain stable at 3.0%, compared to the previous year's figure of 3% [4] - 'Average Balance - Total earning assets' is projected to be $187.26 billion, up from $173.76 billion year-over-year [4] - The 'Tier 1 Leverage Ratio' is expected to be 8.5%, down from 8.9% in the same quarter last year [4] - The 'Tier 1 Risk-Based Capital Ratio' is forecasted to remain at 12.0%, unchanged from the previous year [5] Non-Interest Income and Fees - 'Total Non-Interest Income' is expected to reach $511.87 million, up from $467 million in the same quarter last year [5] - 'Mortgage banking income' is projected at $31.15 million, slightly up from $31 million a year ago [6] - 'Customer deposit and loan fees' are estimated at $85.36 million, compared to $77 million last year [6] - 'Payments and cash management revenue' is forecasted at $154.85 million, up from $146 million in the same quarter last year [7] - 'Wealth and asset management revenue' is expected to reach $94.48 million, compared to $88 million last year [7] - 'Capital markets and advisory fees' are projected at $72.25 million, up from $56 million a year ago [8] - 'Net interest income - FTE' is expected to be $1.38 billion, compared to $1.30 billion in the same quarter last year [8] Stock Performance - Over the past month, shares of Huntington Bancshares have declined by 12.6%, while the Zacks S&P 500 composite has decreased by 3.6% [9] - Currently, HBAN holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [10]