Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 91

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 direct personnel costs.

30     Huntington Bancshares Incorporated

Commercial BankingTable 23 - Key Performance Indicators for Commercial Banking Three Months EndedChange(dollar amounts in millions)March 31, 2025March 31, 2024AmountPercentNet interest income$513 $523 $(10)(2)%Provision for credit losses68 61 7 11 Net interest income after provision for credit losses445 462 (17)(4)Noninterest income162 145 17 12 Noninterest expense:Direct personnel costs139 137 2 1 Other noninterest expense, including corporate allocations164 157 7 4 Total noninterest expense303 294 9 3 Income before income taxes304 313 (9)(3)Provision for income taxes64 66 (2)(3)Income attributable to non-controlling interest4 5 (1)(20)Net income attributable to Huntington$236 $242 $(6)(2)%Number of employees (average full-time equivalent)2,164 2,340 (176)(8)%Total average assets$68,094 $62,862 $5,232 8 Total average loans/leases58,588 54,584 4,004 7 Total average deposits42,714 35,656 7,058 20 Net interest margin3.40 %3.71 %(0.31)%(8)NCOs $30 $42 $(12)(29)NCOs as a % of average loans and leases0.21 %0.30 %(0.09)%(30)

Commercial Banking reported net income of $236 million in the first three-month period of 2025, a decrease of $6 million, or 2%, compared to the year-ago period. Segment net interest income decreased $10 million, or 2%, primarily due to a 31 basis point decrease in NIM driven by a $7.1 billion, or 20%, increase in average deposits and lower loan yields, partially offset by a $4.0 billion, or 7%, increase in average loans and leases and lower deposit costs. Noninterest income increased $17 million, or 12%, primarily due to increases in capital markets and advisory fees, commitment and other loan fees, and payment and cash management fees.

Treasury / Other 

The Treasury / Other function includes revenue and expense related to assets