Huntington Bancshares Reports $2.2 Billion Net Income and Acquisitions in 2025

**Huntington Bancshares Incorporated Reports 2025 Financial Results**

Huntington Bancshares Incorporated (HBAN) has released its 10-K filing for the fiscal year 2025, detailing its financial performance and strategic activities. The company reported net income of $2.2 billion, translating to $1.39 per diluted common share, compared to $1.9 billion, or $1.22 per diluted common share, in 2024. The current year's net income was impacted by $168 million in acquisition-related expenses, which reduced diluted earnings by $0.09 per common share. Net interest income reached $6.0 billion, a 12% increase from the previous year, driven by a 13 basis point increase in the net interest margin (NIM) to 3.13% and an 8% increase in average earning assets.

A significant development was the completion of the acquisition of Veritex Holdings, Inc. on October 20, 2025, valued at $1.7 billion. This merger added $12.0 billion in assets, including $9.3 billion in loans and $10.5 billion in deposits. The company also completed the acquisition of Cadence Bank on February 1, 2026, valued at approximately $8.1 billion. As of December 31, 2025, Cadence had $54 billion in assets, including $37 billion in loans, and $44 billion in deposits. These acquisitions are expected to expand Huntington's market presence and capabilities, although substantial integration costs are anticipated.

Key operational metrics revealed a provision for credit losses of $463 million, a 10% increase from 2024. The allowance for credit losses (ACL) stood at $2.7 billion, representing 1.83% of total loans and leases. Noninterest income increased by 7% to $2.2 billion, driven by gains on the sale of a portion of the trust and custody business and increases in customer deposit and loan fees, wealth and asset management revenue, payments and cash management revenue, and capital markets and advisory fees. Noninterest expense rose by 10% to $5.0 billion, primarily due to higher personnel costs and outside data processing and other services, in addition to acquisition-related expenses.

Looking ahead, Huntington anticipates that the Cadence acquisition will result in total consolidated assets exceeding $250 billion, subjecting the company to additional regulatory requirements applicable to Category III banking organizations. The company is also monitoring proposed regulatory changes, including the Basel III endgame proposal and long-term debt requirements, which could impact capital and liquidity management. Huntington's strategic focus remains on delivering sustainable, long-term shareholder value through financial performance, while maintaining a moderate-to-low risk appetite and a well-capitalized position. The company is committed to strengthening small businesses, fostering opportunity, and supporting communities through its Community Plan.