How did Huntington's third-quarter 2025 earnings compare with prior periods?

Net income attributable to Huntington was $629 million, or $0.41 per diluted common share, compared with $536 million ($0.34) in the second quarter of 2025 and $517 million ($0.33) in the third quarter of 2024. 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.

What drove the increase in revenue?

Net interest income increased $39 million, or 3%, from the prior quarter and $155 million, or 11%, from the year-ago quarter, reflecting strong loan growth and a net interest margin of 3.13%. Noninterest income rose to $628 million, including a $24 million gain on the sale of part of a corporate trust and custody business and $2 million of contra revenue from credit risk transfer transactions.

How is credit quality trending?

Net charge-offs were 0.22% of average total loans and leases, up 2 basis points from the prior quarter. The nonperforming asset ratio was 0.60%, 3 basis points lower than the prior quarter. The provision for credit losses was $122 million, and the allowance for credit losses was $2.6 billion, or 1.86% of total loans and leases.

What is the status of capital and balance sheet growth?

The estimated CET1 risk-based capital ratio was 10.6% at September 30, 2025, compared with 10.5% in the prior quarter. Tangible common equity to tangible assets was 6.8%, up from 6.6%. Average total deposits increased $8.3 billion, or 5%, from the year-ago quarter to $164.8 billion.

What is the significance of the Veritex combination mentioned in the filing?

The filing states that the combination with Veritex Holdings, Inc. was scheduled for October 20, 2025. Management described it as deepening Huntington's commitment to Texas, and the third-quarter results include $14 million of Veritex acquisition-related expenses.

Huntington Bancshares 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed October 17, 2025. Cited figures are marked; the original filing is the authoritative source.

Huntington Bancshares Incorporated reported net income of $629 million^a, or $0.41 per common share, for the third quarter ended September 30, 2025, up $93 million, or 17%, from the prior quarter and $112 million, or 22%, from the year-ago quarter.

Results were driven by net interest income of $1,506 million^b, up $39 million, or 3%, from the prior quarter and $155 million, or 11%, from the year-ago quarter, and noninterest income of $628 million, up $157 million, or 33%, from the prior quarter. Excluding notable items, EPS was higher by $0.05 from the prior quarter and $0.07 from the year-ago quarter. Average total loans and leases grew $11.4 billion, or 9%, year over year to $135.9 billion, led by commercial loans, and average total deposits rose $8.3 billion, or 5%, to $164.8 billion.

Credit metrics were stable. Net charge-offs were 0.22% of average total loans and leases, 2 basis points higher than the prior quarter, and the nonperforming asset ratio was 0.60%. The allowance for credit losses was $2.6 billion^c, or 1.86% of total loans and leases.

Capital improved, with the CET1 ratio at an estimated 10.6% compared to 10.5% in the prior quarter, and tangible book value per share rose to $9.54^d, up 10% from a year ago. The company also noted that its combination with Veritex Holdings, Inc. was scheduled for October 20, 2025.

The filing is a furnished Form 8-K attaching the third-quarter earnings news release and the Quarterly Financial Supplement. The news release notes that the quarter's results included a $24 million gain on the sale of a portion of a corporate trust and custody business and $14 million of Veritex acquisition-related expenses.

02—Key points

Key Highlights

Net income of $629 million, or $0.41 per common share, versus $536 million ($0.34) in the prior quarter and $517 million ($0.33) a year ago.
Net interest income rose to $1,506 million, up $155 million, or 11%, from the year-ago quarter; net interest margin was 3.13%, up from 2.98% a year ago.
Noninterest income of $628 million rose 33% from the prior quarter, including a $24 million gain on the sale of a portion of a corporate trust and custody business.
Average total loans and leases grew $11.4 billion, or 9%, year over year to $135.9 billion, with average commercial loans up $8.5 billion, or 12%.
Net charge-offs were 0.22% of average loans and leases; the nonperforming asset ratio was 0.60%; ACL was $2.6 billion, or 1.86% of total loans and leases.
CET1 ratio was an estimated 10.6%, up from 10.5% in the prior quarter; tangible book value per share was $9.54, up 10% from a year ago.
Combination with Veritex Holdings, Inc. was scheduled for October 20, 2025.

03—Questions

Frequently Asked Questions

How did Huntington's third-quarter 2025 earnings compare with prior periods?
Net income attributable to Huntington was $629 million, or $0.41 per diluted common share, compared with $536 million ($0.34) in the second quarter of 2025 and $517 million ($0.33) in the third quarter of 2024. 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.
What drove the increase in revenue?
Net interest income increased $39 million, or 3%, from the prior quarter and $155 million, or 11%, from the year-ago quarter, reflecting strong loan growth and a net interest margin of 3.13%. Noninterest income rose to $628 million, including a $24 million gain on the sale of part of a corporate trust and custody business and $2 million of contra revenue from credit risk transfer transactions.
How is credit quality trending?
Net charge-offs were 0.22% of average total loans and leases, up 2 basis points from the prior quarter. The nonperforming asset ratio was 0.60%, 3 basis points lower than the prior quarter. The provision for credit losses was $122 million, and the allowance for credit losses was $2.6 billion, or 1.86% of total loans and leases.
What is the status of capital and balance sheet growth?
The estimated CET1 risk-based capital ratio was 10.6% at September 30, 2025, compared with 10.5% in the prior quarter. Tangible common equity to tangible assets was 6.8%, up from 6.6%. Average total deposits increased $8.3 billion, or 5%, from the year-ago quarter to $164.8 billion.
What is the significance of the Veritex combination mentioned in the filing?
The filing states that the combination with Veritex Holdings, Inc. was scheduled for October 20, 2025. Management described it as deepening Huntington's commitment to Texas, and the third-quarter results include $14 million of Veritex acquisition-related expenses.

04—Continue

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