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 ...

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) is expected to report an increase in quarterly revenues and earnings year over year for the fourth quarter of 2024, with earnings per share estimated at 31 cents, reflecting a 14.8% decline from the previous year, while revenues are projected to rise by 9.7% to $1.90 billion [1][4]. Financial Performance - In the last reported quarter, HBAN achieved a positive earnings surprise of 10%, driven by improvements in average loans and deposit balances, alongside a year-over-year rise in fee income, although net interest income (NII) faced a decline [2]. - The bank has a strong earnings surprise history, surpassing the Zacks Consensus Estimate in the last four quarters with an average beat of 8.25% [3]. Key Factors Influencing Q4 Performance - Loans & NII: The Federal Reserve's interest rate cuts are expected to stabilize funding costs, aiding NII, which is projected to be flat to up 1% from $1.4 billion reported in Q4 2023, with a consensus estimate of $1.36 billion, indicating a 3% year-over-year increase [5]. - Demand for commercial and industrial loans, as well as consumer loans, remained solid, likely supporting average interest-earning asset growth [6]. - Average loans are expected to increase by 4-5% from $120.8 million reported in Q4 2023, with total earning assets estimated at $183.7 billion, reflecting a 7.2% rise year-over-year [7]. Non-Interest Income - Despite stable mortgage rates around 6.8%, refinancing and origination activities are expected to support mortgage revenue growth, with mortgage banking income estimated at $33.7 million, a 46.7% increase from the previous year [8][9]. - Capital markets and advisory fees are projected to reach $82.9 million, indicating a 20.2% year-over-year growth, while wealth and asset management revenues are estimated at $94.3 million, reflecting a 9.7% rise [10][11]. - Total non-interest income is expected to be $525.1 million, representing a 26.9% increase from the prior year [13]. Expenses and Asset Quality - Increased expenses are anticipated due to higher costs in data processing, marketing, and expansion efforts in commercial banking, with adjusted non-interest expenses projected to rise 3% to $1.1 billion [14][15]. - The bank is likely to have set aside significant provisions for potential delinquent loans, with total non-performing assets estimated at $784 million, a substantial increase from $317 million reported in the previous year [16]. Earnings Prediction - The quantitative model predicts an earnings beat for HBAN, supported by a positive Earnings ESP of +21.7% and a Zacks Rank of 2 (Buy) [17][18].

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 ...

The market expects Huntington Bancshares (HBAN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, i ...

COLUMBUS, Ohio, Jan. 10, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Friday, January 17, 2025. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website (www.huntington-ir.com).The Company will host a conference call to review quarterly financial results at 9 a.m. ET.Conference Call / Webcast InformationThe fourth quarter 202 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Huntington Bancshares (HBAN) . This company, which is in the Zacks Banks - Midwest industry, shows potential for another earnings beat.This regional bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was ...

COLUMBUS, Ohio, Dec. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.75 percent to 7.5 percent, effective December 19, 2024. Huntington's rate last changed on November 8, 2024, decreasing from 8 percent to 7.75 percent. About HuntingtonHuntington Bancshares Incorporated is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide con ...