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- **Record Q3 Growth**: 14% revenue, 16% PPNR, 10% tangible book value growth.
- **Veritex Synergies**: 1% efficiency ratio improvement, 30bp ROTCE lift, Texas market leadership.
- **Profitability Excellence**: 12% NII growth, 14% noninterest income growth, 250bp+ operating leverage.
- **Credit Resilience**: 22bp NCOs, stable criticized assets, no material fraud exposure.
- **Deposit Management**: 40% rate cut beta, 10-11% NII growth via fixed asset repricing.

**【CEO Summary Section】**
- Delivered 14% year-over-year revenue growth, 16% PPNR expansion, and 10% tangible book value growth.
- Highlighted Veritex partnership to become 5th largest depository in Dallas, with 1% efficiency ratio improvement and 30bp ROTCE lift.
- Texas expansion plans include branch network expansion and commercial banking growth.
- Emphasized risk management with moderate to low risk appetite and stable credit metrics (22bp NCOs, 1.86% ACL).

**【CFO Financial Commentary】**
- Q3 EPS: $0.41 (GAAP), $0.40 (adjusted), up 18% YoY.
- Loan growth: $2.8B QoQ, 9.2% YoY, driven by commercial lending and new initiatives (40% of growth).
- Deposit growth: $1.4B QoQ, 0.8%, with cost of deposits down 2bp.
- Net interest income: $40M QoQ growth, 12% YoY, NIM 3.13%.
- Noninterest income: 14% YoY growth, led by payments (20% growth), wealth (12% AUM growth), and capital markets (21% growth).
- Expense management: 250bp+ operating leverage, 6.5% expense growth vs. 1% budget.
- Updated 2025 guidance: 8-9% loan growth, 10-11% NII growth, 7% fee income growth.

**【Q&A Highlights】**
- **Loan Growth Momentum**: 1.5% Q4 guidance, 8%+ 2026 outlook; regional banking, auto, and asset finance driving core growth.
- **Credit Quality**: Stable at 22bp NCOs, 3.79% criticized assets; no material fraud exposure.
- **Fraud Safeguards**: Relationship-based lending, active portfolio management, and moderate risk appetite.
- **Operating Leverage**: 250bp+ in 2025, 1-2%+ annual target; expense reengineering drives 1%+ annual savings.
- **M&A Strategy**: Focused on organic growth; Veritex integration prioritized over new deals.
- **Deposit Pricing**: 40% beta in rate cuts; 10-11% NII growth driven by fixed asset repricing (7bp 2026 benefit).
- **Tax Stimulus Impact**: Equipment finance seasonally strong, 2026 outlook for asset finance growth.

Huntington Bancshares Incorporated (HBAN) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

HBANM

HBANM fundamentals

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