Company: HBAN
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000049196-25-000020
Chunk: 184

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 184
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 11 328 28 9 300 Customer deposit and loan fees334 22 7 312 (38)(11)350 Capital markets and advisory fees327 79 32 248 (17)(6)265 Mortgage banking income130 21 19 109 (35)(24)144 Leasing revenue79 (33)(29)112 (14)(11)126 Insurance income77 3 4 74 (5)(6)79 Net gains (losses) on sales of securities(21)(14) NM(7)(7)NM— Other noninterest income130 (30)(19)160 4 3 156 Total noninterest income$2,040 $119 6 %$1,921 $(60)(3)%$1,981 

Noninterest income was $2.0 billion, an increase of $119 million, or 6%, from the prior year. Capital markets and advisory fees increased $79 million, or 32%, primarily due to higher advisory and underwriting fees. Wealth and asset management revenue increased $36 million, or 11%, reflecting an increase in assets under management. Payments and cash management revenue increased $35 million, or 6%, reflecting higher card and merchant acquiring transaction revenue. Customer deposit and loan fees increased $22 million, or 7%, primarily reflecting higher deposit fees. Mortgage banking income increased $21 million, or 19%, largely reflecting an increase in saleable spreads. Partially offsetting these increases, leasing revenue decreased $33 million, or 29%, driven by lower income on terminated leases and operating lease income. Other noninterest income decreased $30 million, or 19%, primarily due to items recognized in 2023, including a $57 million gain on the sale of our RPS business and $24 million of unfavorable mark-to-market on the pay-fixed swaptions program.

54     Huntington Bancshares Incorporated

Table of Contents

Noninterest ExpenseThe following table reflects noninterest expense for each of the periods presented. Table 6 - Noninterest Expense Year Ended December 31, Change from 2023 Change from 2022 (dollar amounts in millions)2024AmountPercent2023AmountPercent2022Personnel costs$2,701 $172 7 %$2,529 $128 5 %$2,401 Outside data processing and