Huntington Bancshares Reports 26% Increase in Net Income to $527 Million for Q1 2025

Huntington Bancshares Incorporated reported a net income of $527 million, or $0.34 per diluted share, for the first quarter of 2025, marking a 26% increase from the $419 million, or $0.26 per diluted share, recorded in the same period last year. The increase in profitability was supported by a rise in net interest income, which reached $1.4 billion, an 11% increase from the previous year, driven by an 8% growth in average earning assets and a 9 basis point increase in the net interest margin (NIM) to 3.10%. The provision for credit losses also saw a slight increase of 7% year-over-year, totaling $115 million.

In terms of operational metrics, total assets rose to $209.6 billion, a 3% increase from the end of 2024, primarily due to a $2.5 billion increase in loans and leases. Total liabilities also increased by 3% to $189.1 billion, with total deposits growing by $2.9 billion, or 2%, to $165.3 billion. The company’s tangible common equity to tangible assets ratio improved to 6.3%, up from 6.1% at the end of 2024, reflecting a solid capital position bolstered by current earnings.

Strategically, Huntington has continued to focus on enhancing its product offerings and expanding its market presence. The company operates 968 full-service branches across multiple states, including Ohio, Florida, and Michigan, and has maintained a disciplined approach to managing credit quality. The bank's average employee headcount increased slightly, reflecting ongoing investments in its workforce to support growth initiatives. Additionally, Huntington's credit quality indicators showed improvement, with nonaccrual loans decreasing to $748 million, down from $783 million at the end of 2024.

Looking ahead, Huntington anticipates navigating a period of economic uncertainty, with potential challenges stemming from inflationary pressures and evolving trade policies. The bank remains committed to its growth strategy, focusing on sustainable long-term profitability while maintaining a moderate-to-low risk appetite. Management expressed confidence in the bank's ability to adapt to changing market conditions and continue delivering value to shareholders.