Huntington Bancshares (HBANM) Financials

Huntington Bancshares (NASDAQ: HBAN) demonstrates a consistent performance over the past four years through Q2 2025, based on the assessment of its quarterly financial statements.

Positive Trends and Highlights:

• Net Income / (Loss) Continuing Operations increased modestly from $424 million in Q1 2024 to $542 million in Q2 2025, showing steady profitability growth.
• Net Interest Income rose from approximately $1.29 billion in Q1 2024 to $1.47 billion in Q2 2025, indicating improved core earnings from lending activities.
• Total Revenue increased from about $1.75 billion in Q1 2024 to $1.94 billion in Q2 2025, reflecting stable to growing income streams.
• Provision for Credit Losses remained relatively stable around $100-115 million each quarter, suggesting controlled credit risk management despite economic fluctuations.
• Cash Dividends to Common per Share held steady at $0.155 over the period, providing consistent shareholder returns.
• Total Assets increased from approximately $189 billion at Q1 2023 to $208 billion by Q2 2025, reflecting asset growth driven primarily by rising loans and trading securities.
• Common Equity increased from about $16.9 billion in Q1 2023 to $18.9 billion by Q2 2025, enhancing the bank’s capital base.
• Allowance for Loan and Lease Losses grew in line with loan portfolio expansion, which is prudent risk management practice.
• The bank consistently generates positive net cash from continuing operating activities quarterly (e.g., $554 million in Q2 2025), underpinning operational strength.

Neutral Developments:

• Net Cash From Investing Activities is negative each quarter (for example, -$2.49 billion in Q2 2025) due to ongoing purchases of investment securities exceeding sales, reflecting strategic asset management rather than a weakness.
• Net Cash From Financing Activities fluctuates but turned negative in recent quarters (-$3.01 billion in Q2 2025), reflecting debt repayment and dividend payments balanced against new issuances.
• Interest Bearing Deposits and Non-Interest Bearing Deposits show some fluctuations quarter-to-quarter, but generally trend upward, aligning with asset growth.
• Shares outstanding have remained fairly stable, with diluted shares around 1.45 billion, indicating relatively steady capital structure.

Negative Indicators and Risks:

• Interest Expense has increased from roughly $619 million in Q1 2023 to about $1.09 billion in Q2 2025, which may pressure net interest margins if not offset by interest income growth.
• Net Occupancy & Equipment Expense rose from roughly $235 million in Q1 2023 to $304 million in Q2 2025, indicating rising operational costs.
• Marketing expense shows some volatility, including a negative value in Q4 2024 (-$49 million), which might reflect unusual accounting items or marketing adjustments.
• Accumulated Other Comprehensive Income (AOCI) remains negative and sizable (approximately -$2.25 billion in Q2 2025), which may reflect unrealized losses on certain securities or pensions affecting equity.
• Loan and lease balances increased significantly (from $121.2 billion in Q1 2023 to near $135 billion in Q2 2025), with a need to monitor credit quality as the provision for loan losses has risen to $103 million in Q2 2025.
• Total Liabilities have increased substantially in line with assets (nearing $187 billion as of Q2 2025), with growing long-term debt which increased to $17.5 billion in Q2 2025, potentially increasing leverage and interest burden.

Summary:

Huntington Bancshares has demonstrated solid and steady financial growth over the past four years up to mid-2025, with increasing net income, revenues, and asset sizes. The company maintains stable credit loss provisions relative to loan growth, reflecting prudent risk management. Operational cash flow remains robust, while capital ratios appear healthy given common equity growth.

However, investors should watch interest expense growth, rising operating expenses, and the increase in long-term debt as potential headwinds. The negative accumulated other comprehensive income also suggests some unrealized losses that could impact equity under certain circumstances.

Overall, Huntington Bancshares presents as a generally stable regional bank with profitable growth but with some costs and leverage factors to monitor going forward.