Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 80

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 80
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 by lower operating lease income and income on terminated leases.

2025 2Q Form 10-Q     13

Table of Contents

Noninterest Expense

The following table reflects noninterest expense for each of the periods presented. 

Table 6 - Noninterest ExpenseThree Months EndedSix Months EndedJune 30,June 30,ChangeJune 30,June 30,Change(dollar amounts in millions)20252024Percent20252024PercentPersonnel costs$722 $663 9 %$1,393 $1,302 7 %Outside data processing and other services182 165 10 352 331 6 Equipment68 62 10 135 132 2 Net occupancy54 51 6 119 108 10 Marketing28 27 4 57 55 4 Deposit and other insurance expense20 25 (20)57 79 (28)Professional services22 26 (15)44 51 (14)Amortization of intangibles11 12 (8)22 24 (8)Lease financing equipment depreciation2 4 (50)6 8 (25)Other noninterest expense88 82 7 164 164 — Total noninterest expense$1,197 $1,117 7 %$2,349 $2,254 4 %Number of employees (average full-time equivalent)20,242 19,889 2 %20,166 19,805 2 %

Noninterest expense for the second quarter of 2025 was $1.2 billion, an increase of $80 million, or 7%, from the year-ago quarter. Personnel costs increased $59 million, or 9%, primarily due to higher incentive compensation and salary expense. Outside data processing and other services increased $17 million, or 10%, primarily due to higher technology and data expense.

Noninterest expense for the first six-month period of 2025 increased $95 million, or 4%, from the year-ago period. Personnel costs increased $91 million, or 7%, primarily due to increases in incentive compensation and salary expense, partially offset by a decline in benefits expense. Outside data processing increased $21 million, or 6%, primarily due to higher technology and data expense. Net occupancy increased $11 million, or 10%, largely due to an increase in building services expense. Partial