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 16.4% for the quarter [17] - Average loan balances increased by $7 billion or 5.7% year-over-year, while average deposits rose by $9.7 billion or 6.5% year-over-year [17] - Common equity Tier 1 (CET1) ended the quarter at 10.5%, up approximately 30 basis points from the previous year [18] - Tangible book value per share increased by 6.9% year-over-year [18] Business Line Data and Key Metrics Changes - Fee revenue businesses performed exceptionally well, with capital markets setting a new quarterly record for revenue at $120 million, a 74% increase from the previous year [12][32] - Wealth management fees increased by 8% year-over-year, with assets under management (AUM) growing by 16% [32] - Payments revenue grew by 8% year-over-year, driven by a 16% increase in commercial payment revenues [32] Market Data and Key Metrics Changes - The company experienced strong credit performance, with net charge-offs stable at 30 basis points [18][35] - The criticized asset ratio improved to 3.76%, while the non-performing asset ratio remained stable at 63 basis points [36] Company Strategy and Development Direction - The company is focused on executing organic growth strategies, driving revenues higher, and maintaining a consistent approach to risk management [15] - Investments in new geographies and capabilities are expected to deliver robust organic growth in future years [10] - The company plans to maintain a loan growth target of 5% to 7% for 2025, with deposit growth expected between 3% and 5% [37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to manage net interest margin (NIM) within a dynamic interest rate environment [48] - The outlook for 2025 includes expectations for record net interest income and fee revenues, with a focus on key fee revenue areas [37] - Management noted positive borrower sentiment and confidence in growth post-election, contributing to strong loan production [104] Other Important Information - The company lowered its overall cost of deposits by 24 basis points to 2.16% [24] - Non-interest income increased by $154 million from the prior year, with core underlying fee revenues up by 20% [30] Q&A Session Summary Question: Can you talk about the confidence around the NII guidance range? - Management expressed confidence in driving revenue growth within the guidance range, despite uncertainties in the macro environment [46][48] Question: Can you discuss the loan growth versus deposit growth? - Management indicated that loan growth is expected to outpace deposit growth, allowing for flexibility in deposit costs [50][54] Question: What is the new money loan production yield? - Management stated that yields are consistent with overall spread levels, benefiting from fixed asset repricing [60] Question: How do you see capital return and buybacks? - Management indicated that capital generation forecasts will influence the timing of share repurchases, with a focus on maintaining high-return loan growth [62][66] Question: What are your expectations around the incremental margin and cost of deposits? - Management noted that the loan-to-deposit ratio provides an opportunity to drive loan growth faster than deposit growth, with expectations for NIM to rise over time [72][74] Question: Can you elaborate on the NIM outlook for the full year? - Management expects NIM to remain flat throughout 2025, with potential for increases in 2026 and beyond [117][123] Question: What is the outlook for provisioning and reserve build? - Management indicated that while reserves may remain stable or increase in dollars due to loan growth, the allowance for credit losses (ACL) coverage ratio may decline [148][152]

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 34 cents, exceeding the Zacks Consensus Estimate of 31 cents, and showing significant improvement from 15 cents in the prior-year quarter [1][2]. Financial Performance - For 2024, adjusted EPS was $1.23, beating the Zacks Consensus Estimate of $1.22, and up from $1.11 in the previous year [2]. - The company reported a net income attributable to common shareholders of $530 million for the quarter, a substantial increase from $243 million in the prior-year quarter [3]. - Total quarterly revenues increased 13.6% year over year to $1.97 billion, surpassing the Zacks Consensus Estimate of $1.9 billion [4]. - Full-year revenues totaled $7.43 billion, showing a slight year-over-year increase and beating the Zacks Consensus Estimate of $7.37 billion [4]. Income and Expenses - Net interest income (NII) on a fully taxable-equivalent (FTE) basis was $1.4 billion, up 6.2% from the prior-year quarter, driven by a rise in average earning assets [5]. - Non-interest income rose 38% year over year to $559 million, supported by increases in various revenue streams including payments, cash management, and mortgage banking [6]. - Non-interest expenses decreased by 12.6% year over year to $1.18 billion, primarily due to reductions in several expense categories [7]. Loans and Deposits - As of December 31, 2024, average loans and leases increased nearly 2.9% sequentially to $128.2 billion, while average total deposits rose 1.9% to $159.4 billion [8]. Credit Quality - Net charge-offs were $97 million, slightly up from $94 million in the prior-year quarter, with the allowance for credit losses increasing 1.9% to $2.45 billion [9]. - Total non-performing assets reached $822 million, up 15.6% from the prior-year quarter [9]. - The provision for credit losses was recorded at $107 million, down 15.1% from the year-ago quarter [10]. Capital Ratios - The common equity tier 1 risk-based capital ratio was 10.5%, up from 10.2% in the year-ago period [11]. - The regulatory Tier 1 risk-based capital ratio was 11.9%, down from 12% in the comparable period in 2023 [11]. - The tangible common equity to tangible assets ratio remained flat at 6.1% [11]. Strategic Outlook - The company's inorganic expansion strategies are expected to enhance revenue growth in the near term, while efforts to expand commercial banking capabilities will support long-term financial performance [12].

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For the quarter ended December 2024, Huntington Bancshares (HBAN) reported revenue of $1.97 billion, up 13.6% over the same period last year. EPS came in at $0.34, compared to $0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +9.68%, with the consensus EPS estimate being $0.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

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 16.4% for the quarter [14] - Average loan balances increased by $7 billion, or 5.7% year-over-year, while average deposits grew by $9.7 billion, or 6.5% year-over-year [14] - Common Equity Tier 1 (CET1) ended the quarter at 10.5%, up approximately 30 basis points from the previous year [15] - The allowance for credit losses was at 1.88%, reflecting strong credit performance [26] Business Line Data and Key Metrics Changes - Fee revenue businesses performed exceptionally well, with capital markets achieving a record quarterly revenue of $120 million, a 74% increase from the previous year [10][23] - Wealth management fees increased by 8% year-over-year, with assets under management (AUM) growing by 16% [23] - The company saw a 3.3% growth in net interest income, reflecting over 6% growth year-over-year [20] Market Data and Key Metrics Changes - The company experienced strong deposit growth, with non-interest bearing deposits expanding by approximately $800 million, totaling 18.6% of total deposits [19] - The criticized asset ratio improved to 3.76%, while the non-performing asset ratio remained stable at 63 basis points [27] Company Strategy and Development Direction - The company is focused on executing organic growth strategies and maintaining a consistent approach to risk management, with expectations for sustained revenue expansion in both fee and spread revenue [12][13] - Investments in new geographies and capabilities are expected to deliver robust organic growth, particularly in North and South Carolina and Texas [9][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive revenue growth within the guidance range, despite uncertainties in the macroeconomic environment [36] - The outlook for 2025 includes expectations for robust loan growth between 5% and 7%, and deposit growth between 3% and 5% [28] Other Important Information - The company plans to maintain a focus on key fee revenue areas, including payments, wealth management, and capital markets, with non-interest income growth expected between 4% and 6% for 2025 [29] - The effective tax rate for the year is expected to be approximately 19% [30] Q&A Session Summary Question: Can you talk about the confidence around the NII guidance range? - Management expressed confidence in driving revenue growth within the guidance range, citing the ability to manage net interest margin (NIM) effectively [36][37] Question: What is driving the loan growth faster than deposits? - The company noted that loan growth is expected to continue at a rate of 5% to 7%, with a balanced contribution from core and new initiatives [39][41] Question: Can you help us with the new money loan production yield? - Management indicated that yields are consistent with overall spread levels, benefiting from fixed asset repricing [46][47] Question: What is the outlook for capital return and share repurchases? - The company plans to focus on funding high return loan growth and expects to drive the adjusted CET1 ratio into the 9% to 10% range, with share repurchases likely in the longer term [50][51] Question: How do you see the fee growth tied to lending? - Management stated that while fee strategies support core business growth, they are also independent, with expectations for sustainable growth in payments, wealth management, and capital markets [60][61] Question: What are the expectations around provisioning and reserve build? - The company aims to maintain a robust reserve while monitoring economic uncertainties, with potential for reserve reductions if conditions improve [111][113]

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 $0.27 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 $0.30 per share when it actually produced earnings of $0.33, delivering a surprise of 10%.Over the last fou ...

Exhibit 99.2 HUNTINGTON BANCSHARES INCORPORATED Quarterly Financial Supplement December 31, 2024 Table of Contents | Quarterly Key Statistics | 1 | | --- | --- | | Year to Date Key Statistics | 2 | | Consolidated Balance Sheets | 4 | | Loans and Leases Composition | 5 | | Deposits Composition | 6 | | Consolidated Quarterly Average Balance Sheets | 7 | | Consolidated Quarterly Net Interest Margin - Interest Income / Expense | 8 | | Consolidated Quarterly Net Interest Margin - Yield | 9 | | Selected Quarterly ...

Q4 Results Highlighted by Record Fees and Loan Growth, Sustained Deposit Growth and Sequential Expansion of Net Interest Income 2024 Fourth-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.34, higher by $0.01 from the prior quarter, and $0.19 higher than the year-ago quarter. Excluding the after-tax impact of Notable Items, EPS was higher by $0.07 from the year-ago quarter. The previously announced sale of approximately $1 billion of corporate debt investment securities decreased ...

Huntington Bancshares Incorporated (HBAN) is slated to report fourth-quarter 2024 results on Jan. 17, before the opening bell. The company’s quarterly revenues and earnings are expected to have increased year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the bank recorded a positive earnings surprise of 10%. Results reflected improvements in average loans and deposit balances.  Also, the company recorded a year-over-year rise in fee income. ...

Huntington Bancshares Incorporated HBAN will release earnings for its fourth quarter, before the opening bell on Friday, Jan. 17.Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 32 cents per share. That's up from 27 cents per share in the year-ago period. According to Benzinga Pro, Huntington Bancshares projects quarterly revenue of $1.89 billion, compared to $1.72 billion a year earlier.On Oct. 17, Huntington Bancshares posted upbeat quarterly results.Huntington Bancshares s ...