Company: HBAN
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000049196-25-000079
Chunk: 111

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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 for Treasury / Other Nine Months EndedChange(dollar amounts in millions)September 30, 2025September 30, 2024AmountPercentNet interest loss$(183)$(642)$459 71 %Noninterest income(23)23 (46)(200)Noninterest expense:Direct personnel costs803 710 93 13 Other noninterest expense, including corporate allocations(655)(573)(82)(14)Total noninterest expense148 137 11 8 Loss before income taxes(354)(756)402 53 Benefit for income taxes(155)(215)60 28 Net loss attributable to Huntington$(199)$(541)$342 63 %Number of employees (average full-time equivalent)6,758 6,339 419 7 %Total average assets$58,901 $57,221 $1,680 3 

Treasury / Other reported a net loss of $199 million in the first nine-month period of 2025, compared to a net loss of $541 million in the year-ago period, driven by improvement in net interest income, partially offset by lower noninterest income and a decrease in the benefit for income taxes. Net interest loss decreased $459 million primarily due to the net impact of FTP credits assigned to each business segment and hedging. The benefit for income taxes decreased $60 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 to numerous assumptions, risks, and uncertainties that are beyond the control of Huntington. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities