Huntington Bancshares Incorporated Reports 2026 Second-Quarter Earnings

Q2 Results Highlighted by Growth in Key Strategic Fee Revenues and Net Interest Income and Successful Cadence Systems Conversion 2026 Second-Quarter Highlights: Earnings per common share (EPS) for the quarter was $0.33, higher by $0.08 from the prior quarter, and $0.01 lower than the year-ago quarter. Excluding the after-tax impact of Notable Items as detailed in Table 2, adjusted EPS 1 was $0.39, higher by $0.02 from the prior quarter. The prior year quarter included $0.04 of impact to EPS resulting from a $58 million decrease in pre-tax earnings from a securities repositioning and Notable Items that decreased pre-tax earnings by $3 million. Excluding the impact from these items, adjusted EPS 1 was higher by $0.01 from the year ago quarter. Successfully completed the systems conversion of Cadence Bank ("Cadence") in mid-June. Net interest income increased $161 million, or 9%, from the prior quarter, and $585 million, or 40%, from the year-ago quarter. Noninterest income increased $103 million, or 15%, from the prior quarter, to $785 million. From the year-ago quarter, noninterest income increased $314 million, or 67%. Average total loans and leases increased $15.0 billion, or 9%, from the prior quarter to $189.3 billion and increased $56.1 billion, or 42%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex Holdings, Inc. ("Veritex") acquisitions. Average commercial loans grew $11.6 billion, or 11%, from the prior quarter and $44.4 billion, or 59%, from the year-ago quarter. Average consumer loans grew $3.4 billion, or 5%, from the prior quarter and $11.7 billion, or 20%, from the year-ago quarter. Average total deposits increased $18.8 billion, or 9%, from the prior quarter and $60.0 billion, or 37%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions. Net charge-offs of 0.25% of average total loans and leases for the quarter, 1 basis point lower than the prior quarter and 5 basis points higher than the year ago quarter. Nonperforming asset ratio of 0.85% at quarter end, 13 basis points higher than the prior quarter. Allowance for credit losses (ACL) of $3.4 billion, or 1.78% of total loans and leases, at quarter end, an increase of $13 million from the prior quarter. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.0%, at June 30, 2026, compared to 10.2% at the prior quarter end. Adjusted Common Equity Tier 1 1 , including the impact of AOCI, excluding cash flow hedges, was 9.0%, compared to 9.2% at the prior quarter end. Tangible common equity (TCE) 1 ratio of 7.1%, up slightly from the prior quarter end and up from 6.6% a year ago. Tangible book value per share 1 of $9.65, up $0.10, or 1%, from the prior quarter and up $0.52, or 6%, from a year ago. Repurchased $159 million of common shares in the second quarter, and $309 million of common shares year-to-date, representing approximately 19 million shares repurchased year‑to‑date. COLUMBUS, Ohio , July 23, 2026 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN ) reported net income for the 2026 second quarter of $727 million, or $0.33 per common share, an increase of $204 million, or 39%, from the prior quarter, and an increase of $191 million, or 36%, from the year-ago quarter, inclusive of $152 million of pre-tax Notable Items in the 2026 second quarter due to acquisition-related expenses. Return on average assets was 1.02%, return on average common equity was 9.3%, and return on average tangible common equity (ROTCE) 1 was 15.1% for the quarter, or 17.5% adjusted for Notable Items. CEO Commentary: "Building on a strong start to the year, Huntington delivered another solid quarter driven by disciplined execution and continued performance across our franchise," said Steve Steinour, chairman, president, and CEO. "Growth in our legacy organization was outstanding, credit remains strong, and we are seeing early revenue synergies in Cadence markets. Our pipelines are robust as we enter ...