Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 109

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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 4 Income before income taxes712 680 32 5 Provision for income taxes150 143 7 5 Income attributable to non-controlling interest10 11 (1)(9)Net income attributable to Huntington$552 $526 $26 5 %Number of employees (average full-time equivalent)2,179 2,363 (184)(8)%Total average assets$68,697 $63,019 $5,678 9 Total average loans/leases59,201 54,666 4,535 8 Total average deposits43,002 36,211 6,791 19 Net interest margin3.34 %3.71 %(0.37)%(10)NCOs $34 $86 $(52)(60)NCOs as a % of average loans and leases0.12 %0.31 %(0.19)%(61)

Commercial Banking reported net income of $552 million in the first six-month period of 2025, an increase of $26 million, or 5%, compared to the year-ago period. Segment net interest income decreased $24 million, or 2%, primarily due to a 37 basis point decrease in NIM driven by a $6.8 billion, or 19%, increase in average deposits and lower loan yields, partially offset by a $4.5 billion, or 8%, increase in average loans and leases and lower deposit costs. The provision for credit losses decreased $52 million due primarily to lower net charge-offs and a lower ACL coverage ratio, partially offset by loan growth. Noninterest income increased $30 million, or 10%, primarily due to increases in capital markets and advisory fees, customer deposit and loan fees, and payment and cash management revenue. Noninterest expense increased $26 million, or 4%, primarily due to increases in allocated overhead expense and outside data processing and other services. 

Treasury / Other 

The Treasury / Other function includes revenue and expense related to assets, liabilities, derivatives, and equity not directly assigned or allocated to one of the business segments. Assets include investment securities and bank- owned life insurance. 

Net interest income includes the impact of administering our investment securities portfolios, the net impact of derivatives used to hedge interest rate sensitivity, and the financial impact associated with our FTP methodology, as described above. Noninterest income includes miscellaneous fee income not allocated to other business segments, such as bank-owned life