Huntington Bancshares reported fourth‑quarter 2025 results that showed a decline in GAAP net income to $519 million, or $0.30 per share, but an adjusted earnings per share of $0.37 that beat consensus estimates of $0.33–$0.38.
Revenue for the quarter was $2.19 billion, falling 0.19% from the $2.21 billion consensus estimate and 0.2% from the $2.19 billion year‑ago figure. Net charge‑offs were 24 basis points of average total loans, slightly higher than the 22 basis points reported in the original article.
The earnings dip was largely driven by $130 million of pre‑tax notable items, most of which were acquisition‑related expenses tied to the recent Veritex integration and the pending Cadence acquisition. Despite these costs, the bank’s net interest margin expanded to 3.15% from 3.13% QoQ, and net interest income grew 6% sequentially and 14% YoY to $6.66–$6.84 billion before Cadence, with Cadence adding an additional $1.85–$1.90 billion for a total of $8.51–$8.74 billion, in line with the $8.55 billion consensus.
Non‑interest income guidance was $2.51–$2.58 billion, with Cadence adding roughly $300 million for a combined $2.81–$2.88 billion, slightly above the $2.75 billion estimate. Loans and deposits grew 8% and 5% QoQ, respectively, while deposits rose 9% YoY, supporting the bank’s balance‑sheet expansion.
CEO Steve Steinour said the quarter “delivered a strong fourth quarter, capping off an outstanding 2025, powered by focused execution and broad‑based organic growth.” He highlighted the bank’s “people‑first, customer‑centered” approach and noted that Veritex is fully integrated while Cadence integration is advanced, with cost synergies expected to materialize quickly.
The market reacted with a 3% pre‑market decline, driven by the revenue miss and the impact of acquisition‑related expenses on reported earnings, even though the adjusted EPS beat expectations. Investors focused on the short‑term cost impact of the M&A activity while recognizing the underlying operational strength and strategic growth trajectory.
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