Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 81

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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es) on sales of securities included $58 million of net loss on sale of securities as a result of corporate debt securities repositioning in the second quarter of 2025, and leasing revenue decreased  $13 million, or 22%, driven by lower operating lease income.

2025 3Q Form 10-Q     13

Noninterest Expense

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

Table 6 - Noninterest ExpenseThree Months EndedNine Months EndedSeptember 30,September 30,ChangeSeptember 30,September 30,Change(dollar amounts in millions)20252024Percent20252024PercentPersonnel costs$757 $684 11 %$2,150 $1,986 8 %Outside data processing and other services198 167 19 550 498 10 Equipment66 65 2 201 197 2 Net occupancy57 57 — 176 165 7 Marketing34 33 3 91 88 3 Deposit and other insurance expense9 15 (40)66 94 (30)Professional services31 21 48 75 72 4 Amortization of intangibles11 11 — 33 35 (6)Lease financing equipment depreciation4 4 — 10 12 (17)Other noninterest expense79 73 8 243 237 3 Total noninterest expense$1,246 $1,130 10 %$3,595 $3,384 6 %Number of employees (average full-time equivalent)20,247 20,043 1 %20,198 19,896 2 %

Noninterest expense for the third quarter of 2025 was $1.2 billion, an increase of $116 million, or 10%, from the year-ago quarter. Noninterest expense for the third quarter of 2025 included $14 million of Veritex acquisition-related expenses, primarily within professional services. Personnel costs increased $73 million, or 11%, primarily due to higher incentive compensation and salary expense. Outside data processing and other services increased $31 million, or 19%, primarily due to higher technology and data expense. 

Noninterest expense for the first nine-month period of 2025 increased $211 million, or 6%, from the year-ago period. Personnel costs increased $164 million, or