Huntington Bancshares (HBAN) Q4 2025 earnings summary

Executive summary

• Achieved 11% revenue growth and 16% adjusted EPS growth in 2025, with 290 bps positive operating leverage and strong credit performance.

• Strategic investments and partnerships, including Veritex and Cadence, expanded capabilities and geographic reach to 21 states, including high-growth markets in Texas and the Carolinas.

• Demonstrated robust profitability with double-digit EPS and tangible book value growth, and improved ROTCE.

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

• CEO highlighted strong organic growth, expanded commercial and consumer banking, and excellent credit quality.

Financial highlights

• Q4 2025 adjusted EPS was $0.37, up 9% year-over-year; reported EPS was $0.30; adjusted EPS for FY25 was $1.45, up 16% YoY; GAAP EPS $1.39, up 14%.

• Net interest income grew 14% year-over-year; net interest margin reached 3.15%, up 2 bps sequentially and 12 bps year-over-year.

• Average loans grew 14.4% year-over-year; average deposits increased 8.6% year-over-year.

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

• Fee income businesses grew at a high single-digit CAGR since 2023; payments up 5%, commercial payments up 8%, wealth management up 10%.

Outlook and guidance

• 2026 standalone NII expected to grow 10%-13%, with 11%-12% loan growth and 8%-9% deposit growth.

• Fee revenues projected to rise 13%-16%, with Cadence adding ~$300M; core expenses to grow 10%-11%.

• Net charge-offs expected between 25-35 bps, likely at the lower end; effective tax rate forecasted at 19%-20%.

• Efficiency ratio targeted at 55% for 2026.

• Medium-term targets: 6-9% PPNR CAGR, 18-19% ROTCE, and sustained positive operating leverage.