Strong Financial Performance in Q3 2025
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, reflecting a positive increase of $0.07 from the previous quarter and $0.08 compared to the same period last year. After considering the after-tax impact of notable items, EPS rose by $0.05 from the prior quarter and $0.07 year-over-year.
- Net interest income surged by $39 million, representing a 3% increase from the previous quarter and a remarkable rise of $155 million, or 11%, compared to the year-ago quarter.
- Noninterest income jumped by $157 million, or 33%, from the previous quarter to reach $628 million. Comparatively, it increased by $105 million, a 20% rise, from the same quarter last year. When excluding specific gains from the sale of a portion of our corporate trust and custody business, noninterest income advanced by $72 million, or 13%, from the prior quarter and by $75 million, or 14%, from the year-ago quarter.
- Average total loans and leases saw an increase of $2.8 billion, or 2%, bringing the total to $135.9 billion, reflecting an annual increase of $11.4 billion, or 9%.
- Average commercial loans grew by $2.0 billion, or 3%, compared to the previous quarter and $8.5 billion, or 12%, year-over-year.
- Average consumer loans increased by $794 million, or 1%, from the prior quarter and $2.9 billion, or 5% from the same quarter a year ago.
- Average total deposits climbed by $1.4 billion, or 1%, from the prior quarter and $8.3 billion, or 5%, from the year-ago quarter.
- The net charge-off ratio stood at 0.22% of average total loans and leases for the quarter, which is 2 basis points higher than the previous quarter.
- Nonperforming asset ratio recorded at 0.60%, representing a decline of 3 basis points from the last quarter.
- Allowance for credit losses (ACL) reached $2.6 billion, or 1.86% of total loans and leases, which is an increase of $47 million from the prior quarter.
- Common Equity Tier 1 (CET1) risk-based capital ratio was calculated at 10.6% as of September 30, 2025, compared to 10.5% in the previous quarter. Adjusted CET1, accounting for the impact of AOCI excluding cash flow hedges, rose to 9.2%, up from 9.0% in the last quarter.
- Tangible common equity (TCE) ratio recorded at 6.8%, which is an increase from 6.6% in the prior quarter and 6.4% year-over-year.
- Tangible book value per share reached $9.54, reflecting an increase of $0.41, or 4%, from the prior quarter and an increase of $0.89, or 10%, from last year.
- The combination with Veritex Holdings, Inc. is set for implementation soon.
- Ranked number one non-captive regional lender in the recent U.S. Dealer Financing Satisfaction Study.
In the 2025 third quarter, Huntington Bancshares Incorporated (NASDAQ: HBAN) reported a net income of $629 million, translating to $0.41 per common share. This shows an increase of $93 million, or 17%, from the previous quarter, and a substantial increase of $112 million, or 22%, from the same period last year.
The return on average assets stood at 1.19%, return on average common equity at 12.4%, and return on average tangible common equity (ROTCE) was reported at 17.8%.
CEO Commentary:
"Huntington's third-quarter outcomes demonstrate the strengths of our distinctive operating model, boosted by strategic investments and the disciplined execution of core strategies," said Steve Steinour, chairman, president, and CEO. "Our commitment to balanced, above-peer growth is reflected in our ability to acquire new clients, deepen existing relationships, and expand net interest income along with diversified fee revenues. Our strategy combines national expertise with a localized delivery approach, fostering organic growth within our core areas and new markets and sectors. Over the past year, we have successfully grown loans and deposits by over $11 billion and $8 billion, respectively, with around 60% of loan growth originating from our core operations and 40% from new ventures.
"The upcoming integration with Veritex highlights Huntington's strong commitment to Texas, creating a robust platform for sustained growth in one of the nation’s vibrant economies. Integration efforts are progressing well, underpinned by our established practices and shared values. We are excited to welcome Malcolm Holland—continuing his role as Chairman of Texas—and the entire Veritex team, whose local insights and customer-centric approach will be pivotal as we build on our success and enhance value to our clients and communities throughout the state.
"Our credit quality remains excellent, with net charge-offs at 0.22% and stable asset quality indicators, reflecting our disciplined client selection and proactive management of our portfolio. We continue to benefit from a strong foundation, pushing our adjusted CET1 further into our target range and achieving a 10% year-over-year increase in tangible book value per share.
"Looking forward, we remain committed to consistent, strong growth across the business cycle. Backed by our unique operating model, effective risk management, and a thorough capital strategy, Huntington is well-positioned to thrive during various economic cycles while continually delivering long-term value for our shareholders."
The earnings materials for Q3 2025, which encompass the detailed earnings statement, quarterly financial summaries, and slide presentations for the conference call, can be found in the Investor Relations section of Huntington's website. Additionally, the financial results will be submitted on a Form 8-K available on the SEC's website.
Conference Call Details
Huntington's senior management will conduct an earnings conference call at 9:00 a.m. (Eastern Time). Participants can join via a live Internet webcast through the Investor Relations section of Huntington's website, or via telephone at (877) 407-8029; Conference ID #13756117. Presentation slides will be available in the Investor Relations section ahead of the call. A replay of the webcast will be archived in the Investor Relations area. A telephone replay will be accessible approximately two hours after the call until a specified date.
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company with $210 billion in assets, headquartered in Columbus. Since its inception in 1866, The Huntington National Bank and its affiliates have been serving consumers, small- and medium-sized businesses, corporations, and municipalities, offering banking, payment, wealth management, and risk management solutions. With 972 branches across 13 states, Huntington operates in select extended areas to cater to a broader client base.
Frequently Asked Questions
What were the earnings per share for Huntington in Q3 2025?
The earnings per common share for Huntington in Q3 2025 was $0.41.
What significant growth areas did Huntington report?
Huntington reported substantial growth in net interest income and noninterest income, driven by strong loan growth.
How much did Huntington’s total loans and leases increase?
Average total loans and leases rose by $2.8 billion, or 2%, from the previous quarter.
What is the common Equity Tier 1 (CET1) ratio as of Q3 2025?
As of September 30, 2025, the CET1 risk-based capital ratio was 10.6%.
What expansion plans does Huntington have on the horizon?
Huntington is preparing for its combination with Veritex Holdings, which is anticipated to enhance growth opportunities in Texas.
