Huntington Bancshares Incorporated Reports 2025 Third-Quarter Earnings

Rhea-AI Summary

Huntington Bancshares (Nasdaq: HBAN) reported Q3 2025 net income of $629 million, or $0.41 EPS, up 17% sequentially and 22% year‑over‑year. Net interest income rose $39 million (3%) sequentially and $155 million (11%) YoY. Noninterest income was $628 million, up 33% from the prior quarter. Average total loans were $135.9 billion, up $2.8 billion (2%) sequentially and $11.4 billion (9%) YoY. Average deposits rose 1% sequentially. Key capital metrics: CET1 10.6%, adjusted CET1 9.2%, tangible common equity 6.8%. Combination with Veritex is scheduled for October 20, 2025.

Positive

• Net income of $629 million in Q3 2025
• EPS of $0.41, up 17% sequentially
• Net interest income +$155 million (11%) YoY
• Noninterest income of $628 million, +33% sequentially
• Average total loans +$11.4 billion (9%) YoY
• Tangible book value per share $9.54, +10% YoY

Negative

• None.

Insights

banking analyst

Huntington delivered stronger quarter-over-quarter and year-over-year earnings, driven by loan growth, wider NIM and rising fee income.

Net income of $629 million and EPS of $0.41 rose sequentially and year-over-year, supported by a 11% year-on-year lift in net interest income and a large sequential increase in noninterest income to $628 million. Average total loans rose to $135.9 billion, up $2.8 billion sequentially; deposits also grew. Capital metrics moved modestly higher with CET1 at 10.6% and tangible book value per share up to $9.54.

Key dependencies and risks include sustaining the drivers behind the 33% sequential noninterest income jump after excluding disposals and one-offs, maintaining credit quality with net charge-offs at 0.22%, and integrating Veritex ahead of the October 20, 2025 combination. Watch quarterly margins, loan mix shifts between commercial and consumer loans, ACL trajectory from $2.6 billion, and reported versus adjusted fee income over the next 1–4 quarters to assess persistence.

Q3 Results Highlighted by Significant Growth in Key Strategic Fee Revenues and Net Interest Income, Driven by Strong Loan Growth and Expanded Net Interest Margin

2025  Third-Quarter Highlights:

• Earnings per common share (EPS) for the quarter was $0.41, higher by $0.07 from the prior quarter, and $0.08 higher than the year-ago quarter. Excluding the after-tax impact of Notable Items, EPS was higher by $0.05 from the prior quarter and $0.07 from the year-ago quarter.
• Net interest income increased $39 million, or 3%, from the prior quarter, and $155 million, or 11%, from the year-ago quarter. 
• Noninterest income increased $157 million, or 33%, from the prior quarter, to $628 million. From the year-ago quarter, noninterest income increased $105 million, or 20%. Excluding the gain on the sale of a portion of our corporate trust and custody business, impact of credit risk transfer transactions, and the impact from the prior quarter securities repositioning, noninterest income increased $72 million, or 13%, from the prior quarter and $75 million, or 14%, from the year-ago quarter.   
• Average total loans and leases increased $2.8 billion, or 2%, from the prior quarter to $135.9 billion, and increased $11.4 billion, or 9%, from the year-ago quarter.
  • Average commercial loans grew $2.0 billion, or 3%, from the prior quarter and $8.5 billion, or 12%, from the year-ago quarter.
  • Average consumer loans grew $794 million, or 1%, from the prior quarter and $2.9 billion, or 5%, from the year-ago quarter.
• Average total deposits increased $1.4 billion, or 1%, from the prior quarter and $8.3 billion, or 5%, from the year-ago quarter. 
• Net charge-offs of 0.22% of average total loans and leases for the quarter, 2 basis points higher than the prior quarter.
• Nonperforming asset ratio of 0.60% at quarter end, 3 basis points lower than the prior quarter.
• Allowance for credit losses (ACL) of $2.6 billion, or 1.86% of total loans and leases, at quarter end, an increase of $47 million from the prior quarter.
• Common Equity Tier 1 (CET1) risk-based capital ratio was 10.6%, at September 30, 2025, compared to 10.5% in the prior quarter. Adjusted Common Equity Tier 1, including the impact of AOCI excluding cash flow hedges, was 9.2%, up from 9.0% in the prior quarter.
• Tangible common equity (TCE) ratio of 6.8%, up from 6.6% in the prior quarter and 6.4% from a year ago.
• Tangible book value per share of $9.54, up $0.41, or 4%, from the prior quarter and up $0.89, or 10%, from a year ago.
• Combination with Veritex Holdings, Inc. ("Veritex") scheduled for Monday, October 20th, 2025.
• Ranked #1 non-captive regional lender in the 2025 J.D. Power U.S. Dealer Financing Satisfaction Study.

COLUMBUS, Ohio, Oct. 17, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2025 third quarter of $629 million, or $0.41 per common share, an increase of $93 million, or 17%, from the prior quarter, and an increase of $112 million, or 22%, from the year-ago quarter. 

Return on average assets was 1.19%, return on average common equity was 12.4%, and return on average tangible common equity (ROTCE) was 17.8%.

CEO Commentary:

"Huntington's third-quarter results reflect the strength of our differentiated operating model, driven by targeted growth investments and disciplined execution of core strategies," said Steve Steinour, chairman, president, and CEO. "We continue to deliver balanced, above-peer growth by acquiring new customers, deepening relationships, and expanding both net interest income and diversified fee revenues. Our proven approach—combining national expertise with local delivery—has enabled us to accelerate organic growth across our core footprint and new markets and verticals. Over the past year, we have grown loans and deposits by more than $11 billion and $8 billion, respectively, with approximately 60% of loan growth from our core businesses and 40% from new initiatives.

"Our imminent combination with Veritex underscores Huntington's deep commitment to Texas and provides a powerful platform for long-term growth in one of the nation's most dynamic economies. Integration is well underway, guided by our proven playbook and the shared values of both organizations. We are thrilled to welcome Malcolm Holland—who will continue his leadership as Chairman of Texas—and the entire Veritex team, whose deep local relationships and customer focus will be instrumental as we accelerate our momentum and deliver even greater value to our clients and communities across the state."

"Credit quality remains top tier, with net charge-offs at 0.22% and stable asset quality metrics, reflecting our disciplined client selection and proactive portfolio management. We continue to operate from a position of strength, driving adjusted CET1 higher into our target range, and tangible book value per share up 10% year-over-year."

"As we look ahead, we are unwavering in our commitment to deliver powerful, through-the-cycle growth.
Backed by a differentiated operating model, rigorous risk management, and a consistent and disciplined capital strategy, Huntington is positioned to perform well through various economic cycles and consistently create superior long-term value for our shareholders."

The Third Quarter 2025 earnings materials, including the detailed earnings press release, quarterly financial supplement, and conference call slide presentation, are available on the Investor Relations section of Huntington's website, http://huntington.com/ In addition, the financial results will be furnished on a Form 8-K that will be available on the Securities and Exchange Commission website at www.sec.gov.

Conference Call / Webcast Information

Huntington's senior management will host an earnings conference call on October 17, 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 #13756117. 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 October 25, 2025 at (877) 660-6853 or (201) 612-7415; conference ID #13756117.

Please see the 2025 Third 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 $210 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 972 branches in 13 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

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FAQ

What did HBAN report for Q3 2025 EPS and net income?

Huntington reported $0.41 EPS and $629 million net income for Q3 2025.

How did Huntington's net interest income (NII) change in Q3 2025 for HBAN?

NII increased by $39 million (3%) sequentially and $155 million (11%) year‑over‑year.

What were Huntington's loan and deposit trends in Q3 2025 (HBAN)?

Average total loans were $135.9 billion (+$2.8 billion q/q, +$11.4 billion y/y); average deposits rose 1% q/q.

What capital ratios did HBAN report for September 30, 2025?

Huntington reported a CET1 ratio of 10.6% and adjusted CET1 of 9.2% at 9/30/2025.

When will Huntington complete its combination with Veritex (HBAN)?

The combination with Veritex is scheduled for Monday, October 20, 2025.

How did Huntington's noninterest income perform in Q3 2025 for HBAN?

Noninterest income was $628 million, up 33% from the prior quarter.