Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 108

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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 1 %Total average assets$78,511 $73,550 $4,961 7 Total average loans/leases72,601 67,771 4,830 7 Total average deposits111,558 110,041 1,517 1 Net interest margin3.48 %3.53 %(0.05)%(1)NCOs$118 $96 $22 23 NCOs as a % of average loans and leases0.33 %0.28 %0.05 %18 Total assets under management (in billions)—eop$35.3 $31.4 $3.9 12 Total trust assets (in billions)—eop182.8 190.4 (7.6)(4)

Consumer & Regional Banking reported net income of $616 million in the six-month period of 2025, a decrease of $100 million, or 14%, compared to the year-ago period. Segment net interest income decreased $6 million, primarily due to a 5 basis point decrease in NIM, partially offset by a $4.8 billion, or 7%, increase in average loans and leases. The provision for credit losses increased $63 million due primarily to higher net charge-offs and loan growth. Noninterest income increased $36 million, or 6%, primarily due to increases in wealth and asset management revenue, driven by increases in trust income and management account fees, and in payments and cash management revenue, reflecting an increase in merchant acquiring transaction revenue. Noninterest expense increased $94 million, or 6%, primarily due to the allocation of higher indirect expenses in addition to higher direct personnel costs.

2025 2Q Form 10-Q     33

Table of Contents

Commercial BankingTable 24 - Key Performance Indicators for Commercial Banking Six Months EndedChange(dollar amounts in millions)June 30, 2025June 30, 2024AmountPercentNet interest income$1,026 $1,050 $(24)(2)%Provision for credit losses33 85 (52)(61)Net interest income after provision for credit losses993 965 28 3 Noninterest income339 309 30 10 Noninterest expense:Direct personnel costs288 285 3 1 Other noninterest expense, including corporate allocations332 309 23 7 Total noninterest expense620 594 26