Huntington Bancshares Incorporated has reported its 2025 third-quarter earnings, revealing significant growth in key strategic fee revenues and net interest income. The earnings per common share for the quarter stood at $0.41, marking an increase of $0.07 from the prior quarter and $0.08 higher than the year-ago quarter. Excluding the after-tax impact of notable items, earnings per share were higher by $0.05 from the prior quarter and $0.07 from the year-ago quarter.
Net interest income increased by $39 million, or 3%, from the prior quarter and $155 million, or 11%, from the year-ago quarter. Noninterest income also saw a substantial increase, rising by $157 million, or 33%, from the prior quarter to $628 million. From the year-ago quarter, noninterest income increased by $105 million, or 20%.
Average total loans and leases increased by $2.8 billion, or 2%, from the prior quarter to $135.9 billion, and increased by $11.4 billion, or 9%, from the year-ago quarter. The average commercial loans grew by $2.0 billion, or 3%, from the prior quarter and $8.5 billion, or 12%, from the year-ago quarter. Average consumer loans also experienced growth, increasing by $794 million, or 1%, from the prior quarter and $2.9 billion, or 5%, from the year-ago quarter.
Average total deposits increased by $1.4 billion, or 1%, from the prior quarter and $8.3 billion, or 5%, from the year-ago quarter.
Net charge-offs were reported at 0.22% of average total loans and leases for the quarter, 2 basis points higher than the prior quarter, while the nonperforming asset ratio of 0.60% at quarter-end was 3 basis points lower than the prior quarter.
The tangible book value per share stood at $9.54, marking an increase of $0.41, or 4%, from the prior quarter and $0.89, or 10%, from a year ago.
The return on average assets for the 2025 third quarter was 1.19%, marking an increase from the prior and year-ago quarters. The return on average common equity and return on average tangible common equity also showed improvements compared to the prior and year-ago quarters.
In terms of net interest income, the fully-taxable equivalent net interest income for the 2025 third quarter increased by $159 million, or 12%, from the 2024 third quarter. This primarily reflected a 15 basis point increase in the net interest margin to 3.13% and a $10.8 billion, or 6%, increase in average earning assets. Compared to the 2025 second quarter, the fully-taxable equivalent net interest income increased by $40 million, or 3%.
The market has reacted to these announcements by moving the company's shares -5.18% to a price of $15.37. If you want to know more, read the company's complete 8-K report here.
