Financial Performance - Huntington's adjusted Pre-Provision Net Revenue (PPNR) increased by 16% year-over-year to $891 million in 3Q25[20] - The company's Return on Tangible Common Equity (ROTCE) reached 178% GAAP and 174% adjusted[23,28] - Tangible book value per share grew by 10% year-over-year[23] - Adjusted earnings per share (EPS) stood at $040[28,96] Balance Sheet and Loan Growth - Average loans (ADB) experienced a 21% quarter-over-quarter growth and 92% year-over-year growth[28,33] - Average deposits (ADB) increased by 08% quarter-over-quarter and 53% year-over-year[28,41] - The net charge-off ratio was 022% and the allowance for credit losses (ACL) coverage was 186%[28] Noninterest Income - Adjusted noninterest income increased by 14% year-over-year to $606 million[60] - Commercial payment revenues grew by 20%[63] - Wealth management fee revenues increased by 12%[66] Capital and Credit Quality - The adjusted Common Equity Tier 1 (CET1) ratio increased by 30 basis points year-over-year[28] - The company is operating within a target adjusted CET1 operating range of 9-10%[87]

Core Insights - Huntington Bancshares reported an increase in third-quarter profit, driven by higher interest income and fees across all divisions [1] Financial Performance - The regional U.S. lender experienced a rise in profit for the third quarter, indicating strong financial performance [1] - Increased interest income contributed significantly to the profit growth [1] - Fees from all divisions also saw an uptick, further enhancing overall profitability [1]

General Information & Disclosures Details financial statement preparation, management estimates, and the application of non-GAAP measures for comprehensive reporting [Notes on Financial Statement Preparation](index=2&type=section&id=Notes%20on%20Financial%20Statement%20Preparation) The preparation of financial statements in accordance with GAAP necessitates management's use of estimates and assumptions, which may lead to actual results differing from those estimates - Financial statement data relies on **management estimates and assumptions**, which may lead to differences from actual results[4](index=4&type=chunk) [Non-GAAP Financial Measures](index=2&type=section&id=Non-GAAP%20Financial%20Measures) Non-GAAP measures, including FTE basis and non-regulatory capital ratios, enhance understanding of financial position and operational results - **Non-GAAP financial measures** are used to provide additional insights into operations and financial position, with comparable GAAP measures and reconciliations included[5](index=5&type=chunk) - **Fully-Taxable Equivalent (FTE) basis** is a non-GAAP measure for comparing interest margins and assessing revenue from taxable and tax-exempt sources, assuming a **21% federal statutory tax rate**[6](index=6&type=chunk) - **Non-regulatory capital ratios**, including Tangible common equity to tangible assets, Tangible common equity to risk-weighted assets, and Adjusted common equity tier 1 (CET1), evaluate capital utilization and adequacy, differing from regulatory definitions by excluding preferred securities and including AOCI impact for adjusted CET1[7](index=7&type=chunk)[9](index=9&type=chunk) Quarterly Financial Performance Presents quarterly financial performance analysis, covering key statistics, balance sheet, net interest margin, income, credit quality, and capital adequacy [Quarterly Key Statistics](index=3&type=section&id=Quarterly%20Key%20Statistics) Q3 2025 shows significant growth in net income and diluted EPS, improved profitability and efficiency, and stable asset quality metrics | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | Change vs 2Q25 | Change vs 3Q24 | | :--------------------------------------- | :----------- | :----------- | :----------- | :------------- | :------------- | | Net interest income (FTE) | $1,523M | $1,483M | $1,364M | 3% | 12% | | Net income applicable to common shares | $602M | $509M | $481M | 18% | 25% | | Net income per common share - diluted | $0.41 | $0.34 | $0.33 | 21% | 24% | | Return on average assets | 1.19% | 1.04% | 1.04% | +0.15 pp | +0.15 pp | | Return on average common shareholders' equity | 12.4% | 11.0% | 10.8% | +1.4 pp | +1.6 pp | | Net interest margin | 3.13% | 3.11% | 2.98% | +0.02 pp | +0.15 pp | | Efficiency ratio | 57.4% | 59.0% | 59.4% | -1.6 pp | -2.0 pp | | Average total assets | $209,727M | $207,852M | $198,278M | 1% | 6% | | Average loans and leases | $135,944M | $133,171M | $124,507M | 2% | 9% | | Average total deposits | $164,812M | $163,429M | $156,488M | 1% | 5% | | NCOs as a % of average loans and leases | 0.22% | 0.20% | 0.30% | +0.02 pp | -0.08 pp | | NAL ratio | 0.59% | 0.62% | 0.58% | -0.03 pp | +0.01 pp | | NPA ratio | 0.60% | 0.63% | 0.62% | -0.03 pp | -0.02 pp | | Common equity tier 1 risk-based capital ratio | 10.6% | 10.5% | 10.4% | +0.1 pp | +0.2 pp | | Tangible common equity / tangible asset ratio | 6.8% | 6.6% | 6.4% | +0.2 pp | +0.4 pp | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased by **3%** and shareholders' equity by **13%** as of September 30, 2025, driven by loan and lease growth | Metric | Sep 30, 2025 | Dec 31, 2024 | Percent Change | | :-------------------------------- | :----------- | :----------- | :------------- | | Total assets | $210,228M | $204,230M | 3% | | Total liabilities | $187,942M | $184,448M | 2% | | Total Huntington shareholders' equity | $22,248M | $19,740M | 13% | | Loans and leases | $137,956M | $130,042M | 6% | | Deposits | $165,212M | $162,448M | 2% | | Preferred stock | $2,731M | $1,989M | 37% | | Accumulated other comprehensive income (loss) | $(2,071)M | $(2,866)M | 28% | [Loans and Leases Composition](index=7&type=section&id=Loans%20and%20Leases%20Composition) Total loans and leases reached **$137,956 million** at September 30, 2025, with commercial loans at **57%** and consumer loans at **43%** | Loan Type | Sep 30, 2025 | Dec 31, 2024 | | :-------------------------- | :----------- | :----------- | | Total loans and leases | $137,956M | $130,042M | | Commercial and industrial | $62,978M | $56,809M | | Commercial real estate | $10,732M | $11,078M | | Lease financing | $5,515M | $5,454M | | Residential mortgage | $24,502M | $24,242M | | Automobile | $15,996M | $14,564M | | Home equity | $10,314M | $10,142M | - Commercial loans constituted **57%** of the total loan portfolio, while consumer loans made up **43%** as of September 30, 2025[17](index=17&type=chunk) [Deposits Composition](index=8&type=section&id=Deposits%20Composition) Total deposits were **$165,212 million** at September 30, 2025, with money market deposits at **38%** and Consumer & Regional Banking holding **67%** | Deposit Type | Sep 30, 2025 | Dec 31, 2024 | | :-------------------------- | :----------- | :----------- | | Total deposits | $165,212M | $162,448M | | Demand deposits - noninterest bearing | $28,596M | $29,345M | | Demand deposits - interest bearing | $46,056M | $43,378M | | Money market deposits | $62,837M | $60,730M | | Savings deposits | $14,986M | $14,723M | | Time deposits | $12,737M | $14,272M | - Money market deposits represented the largest portion of total deposits at **38%** as of September 30, 2025[18](index=18&type=chunk) - The Consumer & Regional Banking segment accounted for **67%** of total deposits[18](index=18&type=chunk) [Consolidated Quarterly Average Balance Sheets](index=9&type=section&id=Consolidated%20Quarterly%20Average%20Balance%20Sheets) Average total assets increased **1%** QoQ and **6%** YoY for Q3 2025, driven by growth in average loans, leases, and deposits | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | Change vs 2Q25 | Change vs 3Q24 | | :-------------------------- | :----------- | :----------- | :----------- | :------------- | :------------- | | Average total assets | $209,727M | $207,852M | $198,278M | 1% | 6% | | Average earning assets | $192,732M | $191,092M | $181,891M | 1% | 6% | | Average loans and leases | $135,944M | $133,171M | $124,507M | 2% | 9% | | Average total deposits | $164,812M | $163,429M | $156,488M | 1% | 5% | | Average Huntington shareholders' equity | $21,348M | $20,548M | $20,113M | 4% | 6% | [Consolidated Quarterly Net Interest Margin - Interest Income / Expense](index=10&type=section&id=Consolidated%20Quarterly%20Net%20Interest%20Margin%20-%20Interest%20Income%20%2F%20Expense) Net interest income (FTE) for Q3 2025 was **$1,523 million**, increasing QoQ and YoY due to higher interest income from loans and leases | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :-------------------------------- | :----------- | :----------- | :----------- | | Total earning assets interest income | $2,617M | $2,572M | $2,568M | | Total interest-bearing liabilities interest expense | $1,094M | $1,089M | $1,204M | | Net interest income | $1,523M | $1,483M | $1,364M | | Interest income from loans and leases | $2,057M | $1,977M | $1,911M | [Consolidated Quarterly Net Interest Margin - Yields / Rates](index=11&type=section&id=Consolidated%20Quarterly%20Net%20Interest%20Margin%20-%20Yields%20%2F%20Rates) Net interest margin improved to **3.13%** in Q3 2025, reflecting a higher net interest rate spread despite a slight increase in deposit costs | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :-------------------------------- | :----------- | :----------- | :----------- | | Total earning assets yield | 5.39% | 5.40% | 5.62% | | Total interest-bearing liabilities rate | 2.81% | 2.85% | 3.32% | | Net interest rate spread | 2.58% | 2.55% | 2.30% | | Net interest margin | 3.13% | 3.11% | 2.98% | | Total cost of deposits | 2.00% | 2.02% | 2.40% | - Net interest margin increased by **0.02 percentage points** QoQ and **0.15 percentage points** YoY[23](index=23&type=chunk) - Total cost of deposits decreased by **0.02 percentage points** QoQ and **0.40 percentage points** YoY[23](index=23&type=chunk) [Selected Quarterly Income Statement Data](index=12&type=section&id=Selected%20Quarterly%20Income%20Statement%20Data) Net income applicable to common shares increased **18%** QoQ and **25%** YoY in Q3 2025, driven by higher net interest and noninterest income | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | Change vs 2Q25 | Change vs 3Q24 | | :--------------------------------------- | :----------- | :----------- | :----------- | :------------- | :------------- | | Net interest income | $1,506M | $1,467M | $1,351M | 3% | 11% | | Provision for credit losses | $122M | $103M | $106M | 18% | 15% | | Total noninterest income | $628M | $471M | $523M | 33% | 20% | | Total noninterest expense | $1,246M | $1,197M | $1,130M | 4% | 10% | | Income before income taxes | $766M | $638M | $638M | 20% | 20% | | Net income applicable to common shares | $602M | $509M | $481M | 18% | 25% | | Net income per common share - diluted | $0.41 | $0.34 | $0.33 | 21% | 24% | | Total revenue (FTE) | $2,151M | $1,954M | $1,887M | 10% | 14% | [Quarterly Mortgage Banking Noninterest Income](index=13&type=section&id=Quarterly%20Mortgage%20Banking%20Noninterest%20Income) Mortgage banking income increased **54%** QoQ and **13%** YoY in Q3 2025, driven by higher net origination and improved MSR risk management | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | Change vs 2Q25 | Change vs 3Q24 | | :--------------------------------------- | :----------- | :----------- | :----------- | :------------- | :------------- | | Net origination and secondary marketing income | $30M | $26M | $25M | 15% | 20% | | Net mortgage servicing income | $12M | $2M | $13M | 500% | (8)% | | Mortgage banking income | $43M | $28M | $38M | 54% | 13% | | Mortgage origination volume | $2,243M | $2,412M | $1,883M | (7)% | 19% | - Net MSR risk management showed a positive contribution of **$3 million** in Q3 2025, a significant improvement from a **$(6) million** loss in Q2 2025 and a **$2 million** gain in Q3 2024[26](index=26&type=chunk) [Quarterly Credit Reserves Analysis](index=14&type=section&id=Quarterly%20Credit%20Reserves%20Analysis) ALLL increased to **$2,374 million** at September 30, 2025, with ALLL as a percentage of total loans and leases slightly decreasing to **1.72%** | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Allowance for loan and lease losses, end of period | $2,374M | $2,331M | $2,235M | | Total allowance for credit losses, end of period | $2,562M | $2,515M | $2,436M | | ALLL as % of total loans and leases | 1.72% | 1.73% | 1.77% | | ACL as % of total loans and leases | 1.86% | 1.86% | 1.93% | | Provision for loan and lease losses | $118M | $134M | $24M | - The provision for loan and lease losses was **$118 million** for Q3 2025, a decrease from **$134 million** in Q2 2025 but significantly higher than **$24 million** in Q3 2024[29](index=29&type=chunk) [Quarterly Net Charge-Off Analysis](index=15&type=section&id=Quarterly%20Net%20Charge-Off%20Analysis) Total net charge-offs were **$75 million** in Q3 2025, with an annualized percentage of average loans and leases at **0.22%** | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Total net charge-offs | $75M | $66M | $93M | | Net charge-offs as a % of average loans and leases | 0.22% | 0.20% | 0.30% | | Commercial and industrial net charge-offs | $39M | $32M | $51M | | Total consumer net charge-offs | $39M | $35M | $39M | - Commercial real estate showed net recoveries of **$(4) million** in Q3 2025, compared to **$(3) million** in Q2 2025 and **$5 million** in Q3 2024[30](index=30&type=chunk) [Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)](index=16&type=section&id=Quarterly%20Nonaccrual%20Loans%20and%20Leases%20(NALs)%20and%20Nonperforming%20Assets%20(NPAs)) Total NALs decreased to **$808 million** at September 30, 2025, with the NAL ratio at **0.59%**, and total NPAs also decreased | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Total nonaccrual loans and leases | $808M | $842M | $738M | | Total nonperforming assets | $821M | $852M | $784M | | NALs as a % of total loans and leases | 0.59% | 0.62% | 0.58% | | NPA ratio | 0.60% | 0.63% | 0.62% | | New nonperforming assets | $252M | $343M | $254M | - New nonperforming assets decreased to **$252 million** in Q3 2025 from **$343 million** in Q2 2025[31](index=31&type=chunk) [Quarterly Accruing Past Due Loans and Leases](index=17&type=section&id=Quarterly%20Accruing%20Past%20Due%20Loans%20and%20Leases) Total accruing loans and leases past due 90+ days, including U.S. Government guaranteed loans, were **$234 million** at September 30, 2025 | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Total, excl. loans guaranteed by the U.S. Government | $82M | $92M | $88M | | Add: loans guaranteed by U.S. Government | $152M | $149M | $136M | | Total accruing loans and leases past due 90+ days | $234M | $241M | $224M | | Ratio (incl. guaranteed) as % of total loans and leases | 0.17% | 0.18% | 0.18% | [Quarterly Capital Under Current Regulatory Standards (Basel III)](index=18&type=section&id=Quarterly%20Capital%20Under%20Current%20Regulatory%20Standards%20(Basel%20III)) Huntington Bancshares maintained strong Basel III capital ratios, with CET1 risk-based capital ratio increasing to **10.6%** at September 30, 2025 | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Common equity tier 1 capital | $15,924M | $15,539M | $14,803M | | Tier 1 capital | $18,665M | $17,538M | $17,207M | | Total risk-based capital | $22,022M | $21,003M | $20,110M | | Risk-weighted assets (RWA) | $150,221M | $148,602M | $142,543M | | Common equity tier 1 risk-based capital ratio | 10.6% | 10.5% | 10.4% | | Tier 1 leverage ratio | 9.0% | 8.5% | 8.8% | | Adjusted CET1 ratio | 9.2% | 9.0% | 8.9% | - The impact of the CECL deferral was fully phased in for periods beginning on or after January 1, 2025[36](index=36&type=chunk) [Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data](index=19&type=section&id=Quarterly%20Common%20Stock%20Summary%2C%20Non-Regulatory%20Capital%2C%20and%20Other%20Data) Tangible book value per common share increased to **$9.54** at September 30, 2025, with stable cash dividends and consistent employee and branch networks | Metric | Sep 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------------- | :----------- | :----------- | :----------- | | Cash dividends declared per common share | $0.155 | $0.155 | $0.155 | | Tangible book value per common share | $9.54 | $9.13 | $8.65 | | Tangible common equity / tangible asset ratio | 6.8% | 6.6% | 6.4% | | Number of employees (Average full-time equivalent) | 20,247 | 20,242 | 20,043 | | Number of domestic full-service branches | 972 | 971 | 975 | | Return on average tangible common shareholders' equity | 17.8% | 16.1% | 16.2% | Year-to-Date Financial Performance This section presents year-to-date financial performance, including key statistics, average balance sheets, net interest margin, income, credit quality, and nonperforming assets [Year-to-Date Key Statistics](index=4&type=section&id=Year-to-Date%20Key%20Statistics) YTD September 30, 2025, shows strong year-over-year growth in net income and diluted EPS, improved profitability, efficiency, and stable asset quality | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | Change (Amount) | Change (Percent) | | :--------------------------------------- | :----------------------------- | :----------------------------- | :-------------- | :--------------- | | Net interest income (FTE) | $4,447M | $3,989M | $458M | 11% | | Net income applicable to common shares | $1,611M | $1,303M | $308M | 24% | | Net income per common share - diluted | $1.09 | $0.88 | $0.21 | 24% | | Return on average assets | 1.09% | 0.97% | | | | Return on average common shareholders' equity | 11.6% | 10.2% | | | | Net interest margin | 3.12% | 3.00% | | | | Efficiency ratio | 58.4% | 61.2% | | | | Average total assets | $207,572M | $194,395M | $13,177M | 7% | | Average loans and leases | $133,344M | $123,276M | $10,068M | 8% | | Average total deposits | $163,292M | $153,609M | $9,683M | 6% | | NCOs as a % of average loans and leases | 0.23% | 0.30% | | | [Consolidated Year-to-Date Average Balance Sheets](index=21&type=section&id=Consolidated%20Year-to-Date%20Average%20Balance%20Sheets) Average total assets increased **7%** year-over-year for YTD September 30, 2025, driven by growth in average loans, leases, and deposits | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | Change (Amount) | Change (Percent) | | :-------------------------- | :----------------------------- | :----------------------------- | :-------------- | :--------------- | | Average total assets | $207,572M | $194,395M | $13,177M | 7% | | Average earning assets | $190,724M | $177,920M | $12,804M | 7% | | Average loans and leases | $133,344M | $123,276M | $10,068M | 8% | | Average total deposits | $163,292M | $153,609M | $9,683M | 6% | | Average Huntington shareholders' equity | $20,636M | $19,529M | $1,107M | 6% | [Consolidated Year-to-Date Net Interest Margin - Interest Income / Expense](index=22&type=section&id=Consolidated%20Year-to-Date%20Net%20Interest%20Margin%20-%20Interest%20Income%20%2F%20Expense) Net interest income (FTE) for YTD September 30, 2025, was **$4,447 million**, an **11%** YoY increase due to higher interest income from loans and leases | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Total earning assets interest income | $7,693M | $7,450M | | Total interest-bearing liabilities interest expense | $3,246M | $3,461M | | Net interest income | $4,447M | $3,989M | | Interest income from loans and leases | $5,947M | $5,591M | [Consolidated Year-to-Date Net Interest Margin - Yields / Rates](index=23&type=section&id=Consolidated%20Year-to-Date%20Net%20Interest%20Margin%20-%20Yields%20%2F%20Rates) YTD net interest margin improved to **3.12%** for September 30, 2025, compared to **3.00%** prior year, driven by an increased net interest rate spread | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Total earning assets yield | 5.39% | 5.59% | | Total interest-bearing liabilities rate | 2.84% | 3.30% | | Net interest rate spread | 2.55% | 2.29% | | Net interest margin | 3.12% | 3.00% | | Total cost of deposits | 2.02% | 2.36% | - Net interest margin increased by **0.12 percentage points** year-over-year[48](index=48&type=chunk) - Total cost of deposits decreased by **0.34 percentage points** year-over-year[50](index=50&type=chunk) [Selected Year-to-Date Income Statement Data](index=24&type=section&id=Selected%20Year-to-Date%20Income%20Statement%20Data) Net income applicable to common shares increased **24%** YoY for YTD September 30, 2025, supported by **11%** net interest income and **8%** noninterest income growth | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | Change (Amount) | Change (Percent) | | :--------------------------------------- | :----------------------------- | :----------------------------- | :-------------- | :--------------- | | Net interest income | $4,399M | $3,950M | $449M | 11% | | Provision for credit losses | $340M | $313M | $27M | 9% | | Total noninterest income | $1,593M | $1,481M | $112M | 8% | | Total noninterest expense | $3,595M | $3,384M | $211M | 6% | | Income before income taxes | $2,057M | $1,734M | $323M | 19% | | Net income applicable to common shares | $1,611M | $1,303M | $308M | 24% | | Net income per common share - diluted | $1.09 | $0.88 | $0.21 | 24% | | Total revenue (FTE) | $6,040M | $5,470M | $570M | 10% | [Year-to-Date Mortgage Banking Noninterest Income](index=25&type=section&id=Year-to-Date%20Mortgage%20Banking%20Noninterest%20Income) YTD mortgage banking income increased **3%** YoY for September 30, 2025, driven by higher net origination despite decreased net mortgage servicing income | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | Change (Amount) | Change (Percent) | | :--------------------------------------- | :----------------------------- | :----------------------------- | :-------------- | :--------------- | | Net origination and secondary marketing income | $74M | $58M | $16M | 28% | | Net mortgage servicing income | $27M | $40M | $(13)M | (33)% | | Mortgage banking income | $102M | $99M | $3M | 3% | | Mortgage origination volume | $6,254M | $5,323M | $931M | 17% | - MSR valuation adjustment showed a **$(16) million** loss in YTD 2025 compared to a **$6 million** gain in YTD 2024[52](index=52&type=chunk) [Year-to-Date Credit Reserves Analysis](index=26&type=section&id=Year-to-Date%20Credit%20Reserves%20Analysis) ALLL increased to **$2,374 million** at September 30, 2025, with ALLL as a percentage of total loans and leases at **1.72%** | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :--------------------------------------- | :----------------------------- | :----------------------------- | | Allowance for loan and lease losses, end of period | $2,374M | $2,235M | | Total allowance for credit losses, end of period | $2,562M | $2,436M | | ALLL as % of total loans and leases | 1.72% | 1.77% | | ACL as % of total loans and leases | 1.86% | 1.93% | | Provision for loan and lease losses | $357M | $255M | - The provision for loan and lease losses increased by **$102 million** year-over-year[55](index=55&type=chunk) [Year-to-Date Net Charge-Off Analysis](index=27&type=section&id=Year-to-Date%20Net%20Charge-Off%20Analysis) Total net charge-offs decreased to **$227 million** for YTD September 30, 2025, with an annualized percentage of average loans and leases at **0.23%** | Metric | Nine Months Ended Sep 30, 2025 | Nine Months Ended Sep 30, 2024 | | :--------------------------------------- | :----------------------------- | :----------------------------- | | Total net charge-offs | $227M | $275M | | Net charge-offs as a % of average loans and leases | 0.23% | 0.30% | | Commercial and industrial net charge-offs | $119M | $114M | | Commercial real estate net charge-offs | $(15)M | $54M | | Total consumer net charge-offs | $116M | $109M | - Commercial real estate showed net recoveries of **$(15) million** in YTD 2025, a significant improvement from **$54 million** in net charge-offs in YTD 2024[57](index=57&type=chunk) [Year-to-Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)](index=28&type=section&id=Year-to-Date%20Nonaccrual%20Loans%20and%20Leases%20(NALs)%20and%20Nonperforming%20Assets%20(NPAs)) Total NALs increased to **$808 million** and total NPAs to **$821 million** at September 30, 2025, compared to the prior year | Metric | At Sep 30, 2025 | At Sep 30, 2024 | | :--------------------------------------- | :-------------- | :-------------- | | Total nonaccrual loans and leases | $808M | $738M | | Total nonperforming assets | $821M | $784M | | NALs as a % of total loans and leases | 0.59% | 0.58% | | NPA ratio | 0.60% | 0.62% | | New nonperforming assets (Nine Months Ended) | $845M | $833M | - Payments on nonperforming assets increased to **$548 million** in YTD 2025 from **$375 million** in YTD 2024[59](index=59&type=chunk)

Core Insights - Huntington Bancshares reported a net income of $629 million for Q3 2025, marking a 17% increase from the previous quarter and a 22% increase year-over-year [2] - The company achieved a return on average assets of 1.19%, return on average common equity of 12.4%, and return on average tangible common equity of 17.8% [2] Financial Performance - Earnings per common share (EPS) for the quarter was $0.41, up $0.07 from the prior quarter and $0.08 from the year-ago quarter [4] - Net interest income rose by $39 million, or 3%, from the prior quarter, and by $155 million, or 11%, from the year-ago quarter [4] - Noninterest income increased by $157 million, or 33%, from the prior quarter, totaling $628 million, and grew by $105 million, or 20%, year-over-year [4] - Average total loans and leases increased by $2.8 billion, or 2%, from the prior quarter, reaching $135.9 billion, and rose by $11.4 billion, or 9%, year-over-year [4] - Average total deposits increased by $1.4 billion, or 1%, from the prior quarter, and by $8.3 billion, or 5%, year-over-year [4] Credit Quality and Capital Ratios - Net charge-offs were 0.22% of average total loans and leases, a slight increase of 2 basis points from the prior quarter [4] - The nonperforming asset ratio was 0.60% at quarter-end, down 3 basis points from the prior quarter [4] - The Common Equity Tier 1 (CET1) risk-based capital ratio was 10.6%, up from 10.5% in the prior quarter [4] - Tangible common equity (TCE) ratio improved to 6.8%, up from 6.6% in the prior quarter and 6.4% year-over-year [4] Strategic Initiatives - The company has grown loans and deposits by over $11 billion and $8 billion, respectively, in the past year, with 60% of loan growth from core businesses and 40% from new initiatives [3] - The upcoming combination with Veritex Holdings, scheduled for October 20, 2025, is expected to enhance Huntington's growth in Texas [5] - Huntington was ranked as the 1 non-captive regional lender in the 2025 J.D. Power U.S. Dealer Financing Satisfaction Study [4]

Core Viewpoint - Huntington Bancshares Incorporated has shown a positive shift in analyst sentiment, reflected in the increase of its average price target from $18.8 to $23 over the past year, indicating optimism regarding the company's performance and market conditions [2][6]. Financial Performance - In the recent second quarter 2025 results, Huntington Bancshares reported earnings per share of $0.34, with significant sequential growth in average loans and deposits, where loans increased by $2.3 billion (1.8%) and deposits by $1.8 billion (1.1%) [4][6]. - The company has revised its full-year loan growth guidance to a range of 6% to 8% due to loan growth surpassing internal forecasts [4]. Market Position and Strategic Moves - Huntington Bancshares is expected to report earnings next week, with Wall Street anticipating positive growth, supported by favorable factors that could lead to an earnings beat [3]. - The forthcoming acquisition of Veritex is anticipated to be a major catalyst for Huntington Bancshares' expansion in the Texas market, which could positively influence analysts' expectations and the consensus price target [5][6].

Key Takeaways Huntington Bancshares' Q3 revenues and earnings are expected to increase y/y. Higher NII and loan growth likely supported the quarterly performance, with fees boosting fee income. Expense growth from branch expansion is expected to have offset some revenue gains. Huntington Bancshares Incorporated (HBAN) is slated to report third-quarter 2025 results on Oct. 17, before the opening bell. The company’s quarterly revenues and earnings are expected to have increased year over year.In the last repo ...

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - The Value Score identifies undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score focuses on a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score helps investors capitalize on price trends, utilizing metrics like one-week price changes and monthly earnings estimate changes [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive assessment of stocks based on value, growth, and momentum [6] Zacks Rank Integration - The Zacks Rank uses earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks achieving an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7] - There are over 800 stocks rated 1 or 2, making it essential to use Style Scores to narrow down choices [8] Stock Selection Strategy - Investors should prioritize stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] - The direction of earnings estimate revisions is crucial; stocks with lower ranks may still have good Style Scores but are likely to decline [10] Company Spotlight: Huntington Bancshares - Huntington Bancshares is a diversified regional bank headquartered in Columbus, OH, offering a range of financial services [11] - The company holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating solid performance potential [11] - It features a Value Style Score of B, with a forward P/E ratio of 10.83, making it attractive to value investors [12] - Recent upward revisions in earnings estimates and a consensus estimate of $1.47 per share for fiscal 2025 highlight its growth potential [12]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Huntington Bancshares, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Huntington Bancshares is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of +15.2% [3]. - Revenues are projected to reach $2.06 billion, representing an 8.9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.01% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Huntington Bancshares is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.17% [12]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - The company has beaten consensus EPS estimates three out of the last four quarters, indicating a strong potential for a positive surprise [14]. Industry Context - In the Zacks Banks - Midwest industry, Commerce Bancshares is expected to report earnings of $1.09 per share, with a year-over-year change of +1.9% and revenues of $438.41 million, up 4% from the previous year [18]. - Commerce Bancshares has a positive Earnings ESP of +0.86% and has consistently beaten consensus EPS estimates in the last four quarters [19].

Group 1 - Huntington Bancshares Incorporated will release its third quarter 2025 financial results on October 17, 2025, before market opening [1] - A conference call to discuss the quarterly financial results is scheduled for 9 a.m. ET on the same day [1] - The company operates as a regional bank holding company with $208 billion in assets and provides a range of financial services [4] Group 2 - The conference call can be accessed via a live Internet webcast or through a dial-in telephone number [2] - A replay of the conference call will be available approximately two hours after its completion and will last until October 25, 2025 [3] - Huntington operates 968 branches across 13 states, offering services to various customer segments [4]

Core Insights - Huntington Bancshares Incorporated (HBAN) is a diversified regional bank holding company based in Columbus, Ohio, with a market cap of $25.1 billion, providing various banking services to both corporations and individuals [1] Financial Performance - Analysts anticipate HBAN will report an adjusted profit of $0.37 per share for Q3, reflecting a 12.1% increase from $0.33 per share in the same quarter last year [2] - For the full fiscal year 2025, HBAN is projected to achieve an adjusted EPS of $1.46, representing a 17.7% increase from $1.24 in 2024, with further growth expected in fiscal 2026 to $1.61 per share, a 10.3% year-over-year increase [3] Stock Performance - Over the past 52 weeks, Huntington's stock has increased by 21.5%, outperforming the S&P 500 Index's 17.8% rise and the Financial Select Sector SPDR Fund's 19.7% gains [4] Recent Earnings Insights - In Q2, HBAN reported a 3.2% year-over-year growth in total interest income to $2.6 billion, with net interest income rising 12.5% year-over-year to $1.4 billion, despite a 4.1% decline in non-interest income to $471 million [5][6] - The company's income before taxes grew modestly by 8.8% to $638 million, primarily due to a temporary drop in interest expenses [6] Analyst Sentiment - Analysts maintain a consensus "Strong Buy" rating for HBAN, with 16 out of 22 analysts recommending "Strong Buy," one "Moderate Buy," four "Holds," and one "Strong Sell," indicating a mean price target of $19.76, suggesting a 14.8% upside potential from current levels [7]