Company: HBAN
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000049196-25-000038
Chunk: 92

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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, 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 insurance income and securities and trading asset gains or losses. Noninterest expense includes certain corporate administrative expenses, acquisition-related expenses, if any, and other miscellaneous expenses not allocated to other business segments. The provision for income taxes for the business segments is calculated at a statutory 21% tax rate, although our overall effective tax rate is lower.

2025 1Q Form 10-Q     31

Table 24 - Key Performance Indicators for Treasury / Other Three Months EndedChange(dollar amounts in millions)March 31, 2025March 31, 2024AmountPercentNet interest loss$(30)$(192)$162 84 %Noninterest income5 14 (9)(64)Noninterest expense:Direct personnel costs238 227 11 5 Other noninterest expense, including corporate allocations(208)(161)(47)(29)Total noninterest expense30 66 (36)(55)Loss before income taxes(55)(244)189 77 Benefit for income taxes(27)(73)46 63 Net loss attributable to Huntington$(28)$(171)$143 84 %Number of employees (average full-time equivalent)6,701 6,281 420 7 %Total average assets$59,083 $54,575 $4,508 8 

Treasury / Other reported net loss of $28 million in the first three-month period of 2025, compared to a net loss of $171 million in the year-ago period, driven by improvement in net interest income and a decrease in noninterest expense, partially offset by a decrease in the benefit for income taxes. Net interest loss decreased $162 million primarily due to the impact of credits assigned to each business segment and hedging. Noninterest expense decreased $36 million, driven by the allocation of lower indirect expenses, partially offset by an increase in direct personnel costs. The benefit for income taxes decreased $46 million primarily due to lower pre-tax income.

ADDITIONAL DISCLOSURES

Forward-Looking Statements

This