Huntington Bancshares Incorporated Reports 2025 Second-Quarter Earnings

Rhea-AI Summary

Huntington Bancshares (NASDAQ: HBAN) reported strong Q2 2025 results with net income of $536 million, or $0.34 EPS, up 13% year-over-year. The quarter featured robust growth in key metrics, with net interest income increasing 12% YoY to $155 million.

The bank demonstrated solid loan and deposit growth, with average total loans increasing 8% YoY to $133.2 billion and average deposits growing 6% YoY to $9.9 billion. Credit quality remained strong with net charge-offs at 0.20%. The bank maintained a healthy CET1 ratio of 10.5% and improved its tangible book value per share by 16% YoY to $9.13.

Notably, Huntington announced a strategic combination with Veritex Holdings to accelerate growth in the Texas market.

Positive

• Net income increased 13% year-over-year to $536 million
• Strong loan growth with average total loans up 8% YoY to $133.2 billion
• Healthy deposit growth of 6% YoY, reaching $9.9 billion
• Net interest income grew 12% year-over-year
• Improved credit quality with net charge-offs decreasing to 0.20%
• Tangible book value per share increased 16% YoY to $9.13
• Strategic expansion in Texas market through Veritex Holdings combination

Negative

• Noninterest income decreased 5% quarter-over-quarter to $471 million
• Securities repositioning resulted in $58 million decrease in pre-tax earnings
• CET1 ratio declined slightly to 10.5% from 10.6% in prior quarter
• Nonperforming asset ratio increased 2 basis points from prior quarter

News Market Reaction

-1.59%

1 alert

-1.59% News Effect

On the day this news was published, HBAN declined 1.59%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Q2 Results Highlighted by Growth in Key Strategic Fee Revenues and Net Interest Income, Driven by Strong Loan Growth and Expanded Net Interest Margin

2025 Second-Quarter Highlights:

• Earnings per common share (EPS) for the quarter was $0.34, unchanged from the prior quarter, and $0.04 higher than the year-ago quarter.
  • The quarter included $0.04 of impact to EPS resulting from a $58 million decrease in pre-tax earnings from a securities repositioning and Notable Items that decreased pre-tax earnings by $3 million.
• Net interest income increased $41 million, or 3%, from the prior quarter, and $155 million, or 12%, from the year-ago quarter.
• Noninterest income decreased $23 million, or 5%, from the prior quarter, to $471 million. From the year-ago quarter, noninterest income decreased $20 million, or 4%. Excluding the loss on the repositioning of securities and impact of credit risk transfer transactions, noninterest income increased $37 million, or 7%, from the prior quarter and $34 million, or 7%, from the year-ago quarter.
• Average total loans and leases increased $2.3 billion, or 2%, from the prior quarter to $133.2 billion, and increased $9.8 billion, or 8%, from the year-ago quarter.
  • Average commercial loans grew $1.6 billion, or 2%, from the prior quarter and $6.7 billion, or 10%, from the year-ago quarter.
  • Average consumer loans grew $725 million, or 1%, from the prior quarter and $3.1 billion, or 6%, from the year-ago quarter.
• Average total deposits increased $1.8 billion, or 1%, from the prior quarter and $9.9 billion, or 6%, from the year-ago quarter.
• Net charge-offs of 0.20% of average total loans and leases for the quarter, 6 basis points lower than the prior quarter.
• Nonperforming asset ratio of 0.63% at quarter end, 2 basis points higher than the prior quarter.
• Allowance for credit losses (ACL) of $2.5 billion, or 1.86% of total loans and leases, at quarter end, an increase of $37 million from the prior quarter.
• Common Equity Tier 1 (CET1) risk-based capital ratio was 10.5%, at June 30, 2025, compared to 10.6% in the prior quarter. Adjusted Common Equity Tier 1, including the impact of AOCI excluding cash flow hedges, was 9.0%, up from 8.9% in the prior quarter.
• Tangible common equity (TCE) ratio of 6.6%, up from 6.3% in the prior quarter and 6.0% from a year ago.
• Tangible book value per share of $9.13, up $0.33, or 4%, from the prior quarter and up $1.24, or 16%, from a year ago.
• Announced combination with Veritex Holdings, Inc., which will accelerate Huntington's organic growth initiatives in the dynamic Texas market.

COLUMBUS, Ohio, July 18, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2025 second quarter of $536 million, or $0.34 per common share, an increase of $9 million, or 2%, from the prior quarter, and an increase of $62 million, or 13%, from the year-ago quarter. 

Return on average assets was 1.04%, return on average common equity was 11.0%, and return on average tangible common equity (ROTCE) was 16.1%. Excluding the impact of the securities repositioning and Notable Items, ROTCE was 17.6%.

CEO Commentary:

"Our second quarter results reflect the ongoing successful execution of our organic growth strategy." said Steve Steinour, chairman, president, and CEO. "We are acquiring new customers, deepening relationships, and expanding both net interest income and fee-based revenue through the strength of our product suite and capabilities."

"Our sustained growth reflects focused execution across both our core businesses and new growth initiatives. We are leveraging our scale as we further expand our well-diversified loan portfolio and continue to deepen client relationships. We have seen both loans and deposits growth of approximately $10 billion over the last year. Our commercial specialty banking teams are delivering solid results, as we broaden capabilities and extend our national reach. The Huntington brand is gaining traction and attracting clients in our newer markets—North and South Carolina and Texas, where the combination with Veritex further supports our long-term growth ambitions."

"Credit continues to perform well, demonstrated by improved net-charge offs and stable levels of criticized and non-performing assets. This is evidence of our disciplined credit risk management and client selection."

"We remain confident in our ability to execute our strategy and sustain strong growth, while maintaining our disciplined approach to risk management. We have never been better positioned."   

Conference Call / Webcast Information

Huntington's senior management will host an earnings conference call on July 18, 2025, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13754784. Slides will be available in the Investor Relations section of Huntington's website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately two hours after the completion of the call through July 26, 2025 at (877) 660-6853 or (201) 612-7415; conference ID #13754784.

Please see the 2025 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com. 

About Huntington

Huntington Bancshares Incorporated is a $208 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates 971 branches in 13 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

 

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SOURCE Huntington Bancshares Incorporated

FAQ

What were Huntington Bancshares (HBAN) earnings per share in Q2 2025?

Huntington reported earnings of $0.34 per share in Q2 2025, unchanged from the prior quarter and $0.04 higher than the year-ago quarter.

How much did Huntington's loan portfolio grow in Q2 2025?

Average total loans increased $2.3 billion (2%) quarter-over-quarter to $133.2 billion, and grew $9.8 billion (8%) year-over-year.

What is Huntington's credit quality status in Q2 2025?

Credit quality remained strong with net charge-offs at 0.20% of average total loans, down 6 basis points from the prior quarter, and a nonperforming asset ratio of 0.63%.

What strategic acquisition did Huntington announce in Q2 2025?

Huntington announced a combination with Veritex Holdings, Inc. to accelerate its organic growth initiatives in the Texas market.

How much did Huntington's deposits grow in Q2 2025?

Average total deposits increased $1.8 billion (1%) quarter-over-quarter and $9.9 billion (6%) year-over-year.