Huntington Bancshares, Inc.

Strong Financial Performance: Huntington Bancshares reported impressive earnings with a net income per share of $0.34, and a return on tangible common equity (ROTCE) of 16.7%. Pre-provision net revenue (PPNR) increased by 24% year-over-year to $783 million, demonstrating robust operational efficiency and effectiveness. Average loans grew by $2.7 billion or 2.1% quarter-over-quarter, while average deposits increased by $2.2 billion or 1.4%.

Guidance and Forecasts Maintained: The bank expects full-year loan growth to remain in the range of 5% to 7%, and deposit growth in the range of 3% to 5%. Due to robust first-quarter performance, net interest income guidance has been raised to a growth expectation of 5% to 7%, signaling confidence in continued financial momentum.

Investments in Growth: Huntington has been strategically hiring top talent and expanding capabilities, particularly in underserved markets like North and South Carolina. The investments are yielding strong results, as evidenced by a 3% increase in primary bank relationships in consumer banking and a 4% increase in business banking year-over-year.