Financial Data and Key Metrics Changes - The company reported earnings per common share of $0.41, with an adjusted EPS of $0.40, reflecting an 18% year-over-year increase [14] - Revenue grew by 14% year-over-year, adjusted PPNR increased by 16%, and tangible book value rose by 10% [10][25] - Average loan balances grew by $2.8 billion or 2% from the prior quarter, while average deposits increased by $1.4 billion or 1% [14] Business Line Data and Key Metrics Changes - Loan growth accelerated to 9.2% year-over-year, driven by strength in commercial lending and new initiatives contributing $1.2 billion, approximately 40% of total loan growth [15] - Key contributors to loan growth included Corporate and Specialty Banking ($700 million), Auto ($600 million), Regional Banking ($400 million), Middle Market ($200 million), and Asset Finance ($200 million) [15] - Noninterest income increased by 14% year-over-year, with notable growth in payments (10%), wealth management (12%), and capital markets (21%) [18][20][21] Market Data and Key Metrics Changes - The company expects full-year average deposit growth of approximately 6.5% to 7% inclusive of the Veritex acquisition, with standalone performance at the high end of prior guidance at approximately 5.5% [27] - The company anticipates achieving a net interest income growth of 10% to 11% for the full year, up from the previous range of 8% to 9% [27] Company Strategy and Development Direction - The company is focused on executing its organic growth strategy, leveraging local market relationships to drive revenue growth [6][8] - The acquisition of Veritex is expected to enhance growth in Texas, positioning the company as the 14th largest depository in the state [11][12] - The company plans to expand its branch network in Texas and deepen its commercial banking activities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's credit quality, with net charge-offs at 22 basis points and a stable outlook for credit metrics [25][26] - The company raised its financial guidance for revenue and earnings growth, expecting strong loan growth and improved net interest margin [26][27] - Management remains optimistic about organic growth and the potential for further expansion in competitive markets like Texas and the Carolinas [67][72] Other Important Information - The company completed a preferred issuance in the third quarter, which will result in higher preferred dividends in the fourth quarter [32] - The company is focused on maintaining a disciplined capital management strategy, aiming to increase common equity Tier 1 and support strong dividend yields [23] Q&A Session Summary Question: Loan growth outlook and pipelines - Management indicated strong momentum in loan growth, expecting approximately 1.5% sequential growth in Q4, with confidence in core business trends [37][38] Question: Credit quality perspective - Management reported exceptional credit performance and expressed confidence in their risk management practices, indicating no current concerns [41][42] Question: Safeguards against credit issues - Management highlighted their disciplined client selection and active portfolio management as key safeguards against potential credit issues [45][46] Question: Deposit pricing competition - Management noted strong execution in deposit pricing and volume, with expectations of continued solid performance in deposit growth [85][88] Question: NIM expansion drivers - Management identified fixed asset repricing as the primary driver of NIM expansion, estimating a sustainable increase in NIM over the next few years [90][92]

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].

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) is expected to report an increase in third-quarter 2025 revenues and earnings year over year, driven by improvements in net interest income (NII) and average loan and deposit balances, despite challenges from rising non-interest expenses and declining fee income [1][10]. Group 1: Earnings and Revenue Expectations - The Zacks Consensus Estimate for NII is projected at $1.47 billion, reflecting an 8.7% increase from the previous year [3]. - The consensus estimate for total revenues is pegged at $2.1 billion, indicating an 8.9% year-over-year increase [15]. - The consensus estimate for earnings per share stands at 38 cents, suggesting a 15.2% rise from the year-ago figure [15]. Group 2: Loan and Asset Growth - Strong demand for commercial and industrial loans, as well as consumer loans, is anticipated to support average interest-earning asset growth, with the Zacks Consensus Estimate for average total earnings assets at $191.9 billion, a 5.6% rise from the prior year [4]. - The Zacks Consensus Estimate for total non-accrual loans is $795 million, indicating a 7.7% increase year over year [13]. Group 3: Non-Interest Income and Expenses - Mortgage banking income is estimated at $30.2 million, reflecting a 20.5% decline from the previous year due to stable mortgage rates and limited refinancing activities [6][5]. - The total non-interest income is expected to reach $555.2 million, indicating a 6.2% increase from the year-ago level [11]. - Higher expenses from data processing, marketing, and branch expansion are anticipated to impact overall costs, despite some efficiency initiatives [11][12]. Group 4: Market Conditions and M&A Activity - Global mergers and acquisitions rebounded in Q3 2025, positively influencing capital markets and advisory fees, which are estimated at $93.7 million, a 20.1% year-over-year increase [7][8]. - Wealth and asset management revenues are projected at $103.5 million, suggesting an 11.3% increase from the prior year [8].

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]