Huntington Bancshares ( (HBAN) ) has released its Q1 earnings. Here is a breakdown of the information Huntington Bancshares presented to its investors.
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, providing a range of banking, payments, wealth management, and risk management services across 13 states.
In its first-quarter earnings report for 2025, Huntington Bancshares reported strong financial performance, highlighted by growth in loans and deposits, an increase in net interest income, and robust year-over-year profit growth.
Key financial metrics for the quarter included earnings per share of $0.34, unchanged from the prior quarter but up $0.08 from the previous year. Net interest income rose by 11% year-over-year, while average total loans and leases increased by 7%. The company also saw a 7% increase in average total deposits. Despite a decrease in noninterest income compared to the previous quarter, it still marked a 6% increase from the previous year.
The company maintained strong credit quality, with a decrease in net charge-offs and nonperforming assets compared to the previous quarter. Huntington’s capital ratios improved, with a Common Equity Tier 1 risk-based capital ratio of 10.6% and a tangible common equity ratio of 6.3%. The Board of Directors approved a $1 billion share repurchase authorization, reflecting confidence in the company’s financial strength.
Looking ahead, Huntington Bancshares remains optimistic about its growth prospects, driven by both existing businesses and new initiatives. The company is well-positioned to navigate various economic scenarios, supported by its disciplined risk management and capital optimization strategies.