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Huntington Bancshares 8-K Report, Regulation FD Disclosure (Feb 6, 2025)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed February 6, 2025
Period End
February 6, 2025
In the record · 2016–202610-K1110-Q338-K254

HBAN filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 254 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Aug ’16Aug ’16
  2. Leadership change8-K · May ’22May ’22
  3. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed February 6, 2025. Cited figures are marked; the original filing is the authoritative source.

Huntington Bancshares Incorporated (HBAN) furnished slides for its February 6, 2025 Investor Day, presented by Chairman, President and CEO Steve Steinour and senior management.

The filing attaches the presentation as Exhibit 99.1 under Item 7.01 (Regulation FD), and the slides are furnished rather than filed for purposes of Section 18 of the Exchange Act. The filing reports year-end 2024 figures of $204 billiona in assets, $162 billion in deposits and $130 billion in loans and leases, and describes Huntington as a super regional bank with scaled national businesses. Management set medium-term targets for 2027 and 2030.

The 2027 goals include PPNR growth of 6-9%b CAGR, positive operating leverage, and ROTCE of 16-17%, compared with a 2024 GAAP ROTCE of 15.8%. Segment 2030 targets include 5%+ CAGR loan growth and 7%+ fee growth for Consumer and Regional Banking, 7%+ CAGR loan and deposit growth with 10%+ fee growth for Commercial Banking, 9%+ CAGR revenue growth for Payments, and 12%+ CAGR AUM growth for Wealth Management. The slides also outline plans to expand in North Carolina, South Carolina and Texas, add de novo branches, and build out new commercial verticals and capital markets capabilities.

The presentation highlights credit and liquidity strength as central to the growth outlook. It cites a FY24 net charge-off ratio of 0.30%c versus a peer median of 0.43%, an ACL ratio of 1.88% versus a peer median of 1.64%, and a liquidity coverage ratio of 197%.

It also states that CET1 was 10.5%d in 2024 and that the company targets an adjusted CET1 operating range of 9-10%. Management describes a capital framework that prioritizes supporting the dividend and funding organic growth, with share buybacks subject to economic scenarios.

02—Key points

Key Highlights

  1. Huntington furnished Investor Day slides (Exhibit 99.1) under Item 7.01; the information is not deemed filed under Section 18 of the Exchange Act.
  2. Year-end 2024 balance sheet: $204 billion in assets, $162 billion in deposits and $130 billion in loans and leases.
  3. 2027 medium-term goals: PPNR growth of 6-9% CAGR, positive operating leverage and ROTCE of 16-17%, versus 15.8% GAAP ROTCE in 2024.
  4. Credit metrics cited: FY24 net charge-off ratio of 0.30% versus a 0.43% peer median, and an ACL ratio of 1.88% versus a 1.64% peer median.
  5. Segment 2030 targets include 7%+ CAGR loan growth and 10%+ CAGR fee growth for Commercial Banking, and 12%+ CAGR AUM growth for Wealth Management.
  6. Capital: CET1 ratio of 10.5% in 2024 and an adjusted CET1 target operating range of 9-10%; management prioritizes supporting the dividend.
  7. Growth initiatives include expansion into North Carolina, South Carolina and Texas, a 2030 de novo branch goal of more than 100, and new commercial verticals and capital markets capabilities.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    The filing furnishes the slides for Huntington's Investor Day on February 6, 2025 as Exhibit 99.1 under Item 7.01 (Regulation FD). The slides are furnished, not filed, under Section 18 of the Exchange Act.

  2. What financial targets did Huntington set for 2027?

    The slides cite a 2027 goal of ROTCE of 16-17%, PPNR growth of 6-9% CAGR and positive operating leverage. The 2024 GAAP ROTCE shown was 15.8%.

  3. How did Huntington's credit performance compare with peers?

    For FY24, the slides show a net charge-off ratio of 0.30% versus a peer median of 0.43%, and an ACL ratio of 1.88% versus a peer median of 1.64%.

  4. What are the company's capital priorities?

    The slides list supporting the dividend and funding organic growth as priorities, with an adjusted CET1 operating range of 9-10%. They state that limited to no share repurchases apply in an inflation scenario, and that opportunistic repurchases are possible in a mild recession scenario.

  5. Which business lines are expected to drive future growth?

    The slides point to Commercial Banking, Payments, Wealth Management and Consumer and Regional Banking as growth drivers, each with 2030 CAGR targets. Growth is expected from new geographies such as North Carolina, South Carolina and Texas, and from new verticals and fee businesses.

04—Continue

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