Huntington Bancshares Incorporated functions as the holding entity of The Huntington National Bank, offering a comprehensive suite of commercial, retail, and mortgage banking solutions throughout the United States. The company organizes its operations into four core divisions: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment serves individual and small business clients with a wide array of financial products, including various types of accounts like checking, savings, money market, and certificates of deposit, in addition to credit cards, and both personal and small enterprise loans. This segment also provides investment products, home mortgages, insurance, interest rate risk protection, foreign exchange services, ATM access, and treasury management, all supported by convenient online, mobile, and telephone banking platforms. The Commercial Banking segment delivers specialized financial services to a diverse clientele, such as middle-market companies, government and public sector entities, and commercial real estate developers or REITs. It also extends tailored banking solutions to specific industries like healthcare, technology, telecommunications, franchise finance, sponsor finance, and global services. Further offerings within this segment include asset financing, capital formation strategies, sales and trading capabilities, corporate risk management tools, institutional banking support, and extensive treasury management services. The Vehicle Finance division arranges funding for consumers purchasing automobiles, light-duty trucks, recreational vehicles, and marine craft via franchised and other approved dealerships. It also supplies inventory financing to franchised dealerships for acquiring both new and pre-owned stock. Lastly, the Regional Banking and The Huntington Private Client Group (RBHPCG) provides private banking, wealth and investment management, and retirement planning services. Huntington Bancshares Incorporated was established in 1866 and is headquartered in Columbus, Ohio.
HBAN: 10-Q · periodic report
Huntington Bancshares reported Q3 2026 net income of $721 million, or $0.33 per diluted share, up 15% in dollars from $629 million a year ago, though per-share earnings fell 20% due to the ~38% larger share count from the Cadence and Veritex acquisitions. Net interest income jumped 37% to $2.1 billion on a 32% increase in average earning assets, and FTE net interest margin expanded 12 bps to 3.25%.
The quarter included $117 million of pre-tax acquisition-related expenses that reduced EPS by $0.05. Total assets grew 28% year-to-date to $287.8 billion, driven by $51.3 billion of assets from the Cadence acquisition, while total deposits rose 27% to $224.7 billion.
Credit metrics showed modest normalization: net charge-offs rose to 0.31% of average loans from 0.22% a year ago, and NPAs increased 82% since year-end to $1.7 billion, partly from $295 million of NPAs assumed in the Cadence deal. CET1 slipped to 10.1% from 10.4%, and the board declared a $0.155 quarterly dividend on October 21, 2026, with ~$353 million in total quarterly dividend declarations expected.