Company: HBAN
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000049196-25-000063
Chunk: 110

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 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.

34     Huntington Bancshares Incorporated

Table of Contents

Table 25 - Key Performance Indicators for Treasury / Other Six Months EndedChange(dollar amounts in millions)June 30, 2025June 30, 2024AmountPercentNet interest loss$(90)$(414)$324 78 %Noninterest income(40)19 (59)(311)Noninterest expense:Direct personnel costs506 457 49 11 Other noninterest expense, including corporate allocations(436)(362)(74)(20)Total noninterest expense70 95 (25)(26)Loss before income taxes(200)(490)290 59 Benefit for income taxes(95)(141)46 33 Net loss attributable to Huntington$(105)$(349)$244 70 %Number of employees (average full-time equivalent)6,726 6,265 461 7 %Total average assets$59,269 $55,863 $3,406 6 

Treasury / Other reported a net loss of $105 million in the first six-month period of 2025, compared to a net loss of $349 million in the year-ago period, driven by improvement in net interest income and a decrease in noninterest expense, partially offset by lower noninterest income and a decrease in the benefit for income taxes. Net interest loss decreased $324 million primarily due to the impact of credits assigned to each business segment and hedging. Noninterest expense decreased $25 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 a decrease in pre-tax loss, partially offset by a reduction in the Company’s effective tax rate as a result of the remeasurement of deferred tax assets for changes in certain state tax laws which were enacted in the second quarter of 2025.

ADDITIONAL DISCLOSURES

Forward-Looking Statements

This report, including MD&A, contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are subject