Huntington Bancshares (HBAN) Q4 2025 earnings summary

Executive summary

• Achieved 11% revenue growth and 16% adjusted EPS growth for 2025, with 290 basis points of positive operating leverage and strong credit performance.

• Demonstrated robust organic growth in loans and deposits, outperforming peer medians year-over-year and quarter-over-quarter.

• Strategic investments and partnerships, including Veritex and Cadence, expanded capabilities and geographic reach.

• Reported net income for Q4 2025 was $519 million, or $0.30 per share, down from the prior quarter due to $130 million in pre-tax notable items, mainly acquisition-related expenses.

• Maintained top-tier credit quality and disciplined risk management throughout the year.

Financial highlights

• Net interest income grew 14% year-over-year; net interest margin reached 3.15%.

• Adjusted EPS for FY25 was $1.45, up 16% year-over-year; GAAP EPS $1.39, up 14%.

• Average loans grew 14.4% year-over-year; excluding Veritex, organic loan growth was 8.6%.

• Average deposits increased 8.6% year-over-year; core deposits (excluding Veritex) grew 3.4%.

• Tangible book value per share was $9.89, up 19% year-over-year.

Outlook and guidance

• FY26 guidance: Net interest income expected to grow 10%-13%, average loans 11%-12%, and average deposits 8%-9% over FY25 baselines.

• Fee revenues expected to grow 13%-16%; Cadence to add ~$300 million in fee revenue.

• Core expenses to grow 10%-11%, with 150-200 basis points of operating leverage.

• Net charge-offs expected between 25-35 basis points, with losses likely at the lower end.

• Medium-term targets: 6%-9% PPNR CAGR, 18%-19% ROTCE, and efficiency ratio targeted at 55% for 2026.