Huntington Bancshares Incorporated serves as the parent entity for The Huntington National Bank, offering a comprehensive suite of financial services, encompassing commercial, retail, and home lending solutions throughout the United States. The company's activities are structured across four main divisions. The Consumer and Business Banking segment provides a broad array of financial instruments, including transactional accounts (checking, savings, money market), certificates of deposit, credit cards, and both personal and small business credit facilities. Additionally, this division facilitates home mortgages, insurance offerings, interest rate hedging, foreign exchange services, and essential treasury management, supported by ATM, online, mobile, and telephonic banking channels, primarily assisting individual consumers and burgeoning small businesses. The Commercial Banking segment delivers specialized commercial financial solutions for mid-sized enterprises, governmental bodies, public sector organizations, and real estate developers/investment trusts. It further extends expertise to niche sectors like healthcare, technology, telecommunications, franchise finance, sponsor finance, and international services. Its offerings also span asset-backed financing, capital formation strategies, sales and trading activities, corporate risk mitigation products, institutional banking, and comprehensive treasury management. The Vehicle Finance division specializes in offering credit to individuals acquiring various vehicles, such as cars, light trucks, recreational vehicles, and marine craft, typically through authorized dealerships. It also extends inventory financing to franchised dealerships for their new and pre-owned stock. Finally, the Regional Banking and The Huntington Private Client Group (RBHPCG) is dedicated to delivering premium private banking, comprehensive wealth and investment oversight, and tailored retirement planning solutions. Tracing its origins to 1866, Huntington Bancshares Incorporated is headquartered in Columbus, Ohio. As of March 18, 2022, the corporation maintained approximately 1,000 physical locations throughout 11 states.
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.