Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 74

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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 of $6.7 billion, or 10%, and average consumer loans of $3.1 billion, or 6%.

Average liabilities for the second quarter of 2025 increased $12.0 billion, or 7%, from the second quarter of 2024, primarily due to increases in average deposits of $9.9 billion, or 6%, and in average total borrowings of $2.7 billion, or 16%. Average deposits increased due to an increase in average interest-bearing deposits of $10.2 billion, or 8%, partially offset by a decrease in noninterest-bearing deposits of $385 million, or 1%. The increase in average interest-bearing deposits was primarily due to increases in average money market and interest-bearing demand deposits, partially offset by a decrease in average time deposits. The increase in average total borrowings was driven by holding company and bank debt issuances and CLN transactions over the last year.

Average shareholders’ equity for the second quarter of 2025 increased $1.3 billion, or 7%, from the second quarter of 2024, primarily due to earnings, net of dividends, and the benefit from a decrease in average accumulated other comprehensive loss driven by changes in the interest rate environment, partially offset by the fourth quarter 2024 redemption of series E preferred stock.

10     Huntington Bancshares Incorporated

Table of Contents

Year-to-Date Average Balance Sheet / Net Interest Income 

The following table details the change in our year-to-date average balance sheet and the net interest margin.

Table 3 - Consolidated YTD Average Balance Sheets and Net Interest Margin AnalysisSix Months Ended June 30, 2025Six Months Ended June 30, 2024AverageInterest Income/ExpenseYield/AverageInterest Income/ExpenseYield/Change in Average Balances(dollar amounts in millions)Balances(FTE) (1)Rate (2)Balances(FTE) (1)Rate (2)AmountPercentAssets:Interest-earning deposits with banks$11,950 $268 4.49 %$10,439 $288 5.53 %$1,511 14 %Securities:Trading account securities561 10 3.70 138 4 5.12 423 NMAvailable-for-sale securities:Taxable24,130 565 4.68 23,349 618 5.29 781 3 Tax-exempt3,252 83 5.