Huntington Bancshares (HBAN) Q3 2025 earnings summary

Executive summary

• Delivered an outstanding quarter with strong business momentum, peer-leading growth, and disciplined capital allocation and risk management.

• Achieved strong organic growth and top-tier profitability, with net income for Q3 2025 at $629 million ($0.41 per share), up 22% year-over-year.

• Strategic expansion in Texas through the Veritex acquisition, providing immediate scale, synergy opportunities, and new market access.

• Continued investment in digital capabilities and customer-centric initiatives to drive value and performance.

• Announced a pending $7.4 billion all-stock acquisition of Cadence Bank, expected to close in Q1 2026.

Financial highlights

• Revenue grew 14% year-over-year; adjusted pre-provision net revenue (PP&R) up 16-20%.

• Net interest income up 11-12% year-over-year; net interest margin (NIM) at 3.13%, up 2-15 bps sequentially/year-over-year.

• GAAP EPS was $0.41; adjusted EPS $0.40, up 18% year-over-year.

• Tangible book value per share increased 10-10.3% year-over-year to $9.54.

• Average loan balances grew $2.8B (2% sequentially), 9.2% year-over-year; average deposits up $1.4B (1%) sequentially, 5.3% year-over-year.

• Noninterest income increased 14-20% year-over-year, with strong fee business growth and notable gains from business sales.

Outlook and guidance

• Raised full-year 2025 guidance: loan growth at high end (~8% standalone, 9-9.5% with Veritex), deposit growth 5.5% standalone, 6.5-7% with Veritex.

• Net interest income guidance increased to 10-11%; fee income guidance raised to ~7%.

• Expect NIM to rise 1-2 bps in Q4 and at least 10 bps in 2026; Veritex to add 2-3 bps to NIM.

• Operating leverage outlook improved to over 250 bps efficiency ratio improvement for 2025.

• Anticipate $50M in share repurchases per quarter through 2026; pending Cadence acquisition expected to close in Q1 2026.