Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 110

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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)(7)%Total average assets$69,522 $62,929 $6,593 10 Total average loans/leases59,933 54,600 5,333 10 Total average deposits44,129 37,721 6,408 17 Net interest margin3.33 %3.68 %(0.35)%(10)NCOs $46 $120 $(74)(62)NCOs as a % of average loans and leases0.10 %0.29 %(0.19)%(66)

Commercial Banking reported net income of $893 million in the first nine-month period of 2025, an increase of $40 million, or 5%, compared to the year-ago period. Segment net interest income decreased $15 million, or 1%, primarily due to a 35 basis point decrease in NIM driven by a $6.4 billion, or 17%, increase in average deposits and lower loan yields, partially offset by a $5.3 billion, or 10%, increase in average loans and leases and lower deposit costs. The provision for credit losses decreased $52 million due primarily to lower net charge-offs and a lower ACL coverage ratio, partially offset by loan growth. Noninterest income increased $67 million, or 14%, primarily due to increases in capital markets and advisory fees, customer deposit and loan fees, and payment and cash management revenue. Noninterest expense increased $56 million, or 6%, primarily due to increases in allocated overhead expense.

Treasury / Other 

The Treasury / Other function includes revenue and expense related to assets, liabilities, derivatives, and equity not directly assigned or allocated to one of the business segments. Assets include investment securities and bank- owned life insurance. 

Net interest income includes the impact of administering our investment securities portfolios, the net impact of derivatives used to hedge interest rate sensitivity, and the financial impact associated with our FTP methodology, as described above. Noninterest income includes miscellaneous fee income not allocated to other business segments, such as bank-owned life insurance income and securities and trading asset gains or losses. Noninterest expense includes certain corporate administrative expenses, acquisition-related expenses, if any, and other miscellaneous expenses not allocated to other business segments. The provision for income taxes for the business segments is calculated at a statutory 21% tax rate, although our overall effective tax rate is lower.

2025 3Q Form 10-Q     33

Table 25 - Key Performance Indicators