Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 109

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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30 %0.03 %10 Total assets under management (in billions)—eop$37.0 $33.2 $3.8 11 Total trust assets (in billions)—eop57.5 188.0 (130.5)(69)

Consumer & Regional Banking reported net income of $998 million in the nine-month period of 2025, a decrease of $100 million, or 9%, compared to the year-ago period. Segment net interest income increased $5 million, primarily due to a $4.7 billion, or 7%, increase in average loans and leases, partially offset by a 4 basis point decrease in NIM. The provision for credit losses increased $79 million due primarily to higher net charge-offs and loan growth. Noninterest income increased $91 million, or 9%, primarily due to a $24 million gain on the sale of a portion of our trust and custody business, which also resulted in a corresponding decrease in our total trust assets, an increase in wealth and asset management revenue, driven by increases in trust income and management account fees, and an increase in payments and cash management revenue, reflecting an increase in merchant acquiring transaction revenue. Noninterest expense increased $144 million, or 6%, primarily due to the allocation of higher indirect expenses in addition to higher direct personnel costs.

32     Huntington Bancshares Incorporated

Commercial BankingTable 24 - Key Performance Indicators for Commercial Banking Nine Months EndedChange(dollar amounts in millions)September 30, 2025September 30, 2024AmountPercentNet interest income$1,564 $1,579 $(15)(1)%Provision for credit losses34 86 (52)(60)Net interest income after provision for credit losses1,530 1,493 37 2 Noninterest income557 490 67 14 Noninterest expense:Direct personnel costs440 429 11 3 Other noninterest expense, including corporate allocations499 454 45 10 Total noninterest expense939 883 56 6 Income before income taxes1,148 1,100 48 4 Provision for income taxes241 231 10 4 Income attributable to non-controlling interest14 16 (2)(13)Net income attributable to Huntington$893 $853 $40 5 %Number of employees (average full-time equivalent)2,200 2,376 (176