Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 74

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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81 144,392 1,204 3.32 10,112 7 Demand deposits—noninterest-bearing29,008 28,800 208 1 All other liabilities4,826 4,925 (99)(2)Total liabilities188,338 178,117 10,221 6 Total Huntington shareholders’ equity21,348 20,113 1,235 6 Non-controlling interest41 48 (7)(15)Total equity21,389 20,161 1,228 6 Total liabilities and equity$209,727 $198,278 $11,449 6 %Net interest rate spread2.58 2.30 Impact of noninterest-bearing funds on NIM0.55 0.68 NII/NIM (FTE)$1,523 3.13 %$1,364 2.98 %

(1)FTE yields are calculated assuming a 21% tax rate.

(2)Yield/rates include the impact of applicable derivatives. Loan and lease and deposit average yield/rates also include the impact of applicable non-deferrable and amortized fees.

(3)For purposes of this analysis, NALs are reflected in the average balances of loans and leases.

2025 3Q Form 10-Q     9

Quarterly Net Interest Income

Net interest income for the third quarter of 2025 increased $155 million, or 11%, from the third quarter of 2024. FTE net interest income, a non-GAAP financial measure, for the third quarter of 2025 increased $159 million, or 12%, from the third quarter of 2024. The increase in FTE net interest income primarily reflected a 15 basis point increase in the FTE NIM to 3.13% and a $10.8 billion, or 6%, increase in average earning assets, partially offset by a $10.1 billion, or 7%, increase in average interest-bearing liabilities. The higher NIM was driven by lower cost of funds, partially offset by a decrease in yields on earning assets and net hedging activity.

Quarterly Average Balance Sheet

Average assets for the third quarter of 2025 were $209.7 billion, an increase of $11.4 billion, or 6%, from the third quarter of 2024, primarily due to an increase in average loans and leases of $