Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 90

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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, 2025March 31, 2024AmountPercentNet interest income$943 $956 $(13)(1)%Provision for credit losses47 46 1 2 Net interest income after provision for credit losses896 910 (14)(2)Noninterest income327 308 19 6 Noninterest expense:Direct personnel costs294 275 19 7 Other noninterest expense, including corporate allocations525 502 23 5 Total noninterest expense819 777 42 5 Income before income taxes404 441 (37)(8)Provision for income taxes85 93 (8)(9)Net income attributable to Huntington$319 $348 $(29)(8)%Number of employees (average full-time equivalent)11,227 11,098 129 1 %Total average assets$77,910 $72,868 $5,042 7 Total average loans/leases72,043 67,136 4,907 7 Total average deposits110,974 109,263 1,711 2 Net interest margin3.39 %3.46 %(0.07)%(2)NCOs$56 $51 $5 10 NCOs as a % of average loans and leases0.31 %0.30 %0.01 %3 Total assets under management (in billions)—eop$32.7 $30.8 $1.9 6 Total trust assets (in billions)—eop179.5 179.8 (0.3)— 

Consumer & Regional Banking reported net income of $319 million in the three-month period of 2025, a decrease of $29 million, or 8%, compared to the year-ago period. Segment net interest income decreased $13 million, or 1%, primarily due to a 7 basis point decrease in NIM, partially offset by a $4.9 billion, or 7%, increase in average loans and leases. Noninterest income increased $19 million, or 6%, primarily due to increases in wealth and asset management revenue, driven by increases in trust and management account fees largely due to increased assets under management, and in payments and cash management revenue, reflecting an increase in merchant services. Noninterest expense increased $42 million, or 5%, primarily due to the allocation of higher indirect expenses in addition to higher