Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 65

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 65
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 in the fourth quarter of 2025, subject to satisfaction of closing conditions, including receipt of customary required regulatory approvals and the approval of the definitive merger agreement by the Veritex stockholders. 

Reporting Update

During the fourth quarter of 2024, we updated the presentation of our reported deposit categories to align more closely with how we strategically manage our business. As a result, we now report our deposit composition in the following categories: (1) demand deposits - noninterest bearing, (2) demand deposits - interest bearing, (3) money market, (4) savings, and (5) time deposits. Prior period results have been adjusted to conform to the current presentation.

2025 2Q Form 10-Q     5

Table of Contents

Financial Performance Review

Selected Financial Data

Table 1 - Selected Quarterly and Year-to-Date Income Statement DataThree Months EndedSix Months Ended(amounts in millions, except per share data)June 30, 2025June 30, 2024ChangeJune 30, 2025June 30, 2024ChangeAmountPercentAmountPercentInterest income$2,556 $2,476 $80 3 %$5,045 $4,856 $189 4 %Interest expense1,089 1,164 (75)(6)2,152 2,257 (105)(5)Net interest income1,467 1,312 155 12 2,893 2,599 294 11 Provision for credit losses103 100 3 3 218 207 11 5 Net interest income after provision for credit losses1,364 1,212 152 13 2,675 2,392 283 12 Noninterest income471 491 (20)(4)965 958 7 1 Noninterest expense1,197 1,117 80 7 2,349 2,254 95 4 Income before income taxes638 586 52 9 1,291 1,096 195 18 Provision for income taxes96 106 (10)(9)218 192 26 14 Income after income taxes542 480 62 13 1,073 904 169 19 Income attributable to non-controlling interest6 6 — — 10 11 (1)(9)Net income attributable to