Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 78

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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, or 2%. The increase in average interest-bearing deposits was driven by increases in average money market deposits and demand deposits, partially offset by decreases in time and savings deposits. The increase in average total borrowings was driven by an increase in long-term FHLB advances, debt issuances, and auto loan securitization and CLN transactions used to support asset growth.

Average shareholders’ equity for the first six-month period of 2025 increased $1.0 billion, or 5%, from the year-ago period primarily due to earnings, net of dividends, and the benefit from a decrease in average accumulated other comprehensive loss, partially offset by the series E preferred stock redemption.

Provision for Credit Losses

(This section should be read in conjunction with the “Credit Risk” section.)

The provision for credit losses for the second quarter of 2025 was $103 million, an increase of $3 million, or 3%, compared to the second quarter of 2024. On a year-to-date basis, provision for credit losses for the first six-month period of 2025 was $218 million, an increase of $11 million, or 5%, compared to the year-ago period.

The following table presents the components of the provision for credit losses.

Table 4 - Provision for Credit LossesThree Months EndedSix Months Ended(dollar amounts in millions)June 30, 2025June 30, 2024June 30, 2025June 30, 2024Provision for loan and lease losses$134 $114 $239 $231 Provision (benefit) for unfunded lending commitments(31)(16)(18)(26)Provision (benefit) for securities— 2 (3)2 Total provision for credit losses$103 $100 $218 $207 

12     Huntington Bancshares Incorporated

Table of Contents

Noninterest Income

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

Table 5 - Noninterest IncomeThree Months EndedSix Months EndedJune 30,June 30,ChangeJune 30,June 30,Change(dollar amounts in millions)20252024Percent20252024PercentPayments and cash management revenue$165 $154 7 %$320 $300 7 %Wealth and asset management revenue102 90 13 203 178 14 Customer deposit and loan fees95 83 14 181 160 13