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Yahoo
4 days ago
- Business
- Yahoo
Huntington Bancshares Inc (HBAN) Q2 2025 Earnings Call Highlights: Strong Growth and Strategic ...
Earnings Per Share (EPS): $0.34, including a $0.04 impact from securities repositioning and a notable item. Adjusted EPS Growth: 27% year over year. Return on Tangible Common Equity (ROTCE): 16.1%; adjusted ROTCE at 17.6%. Average Loan Growth: $2.3 billion or 1.8% from the prior quarter; 7.9% year over year. Average Deposit Growth: $1.8 billion or 1.1% from the prior quarter. Common Equity Tier 1 (CET1): Reported at 10.5%; adjusted CET1 at 9%. Tangible Book Value Per Share: Increased 16% year over year. Net Charge-Offs: 20 basis points. Allowance for Credit Losses: 1.86%. Revenue Growth: 8% year over year. Pre-Provision Net Revenue (PPNR) Growth: 8% reported; 15% adjusted year over year. Net Interest Income Growth: 2.9% sequentially; 12% year over year. Net Interest Margin (NIM): 3.11%, up 1 basis point from the prior quarter. Non-Interest Income Growth: 7% year over year. Payments Revenue Growth: 7% year over year. Wealth Management Fee Growth: 13% year over year. Capital Markets Growth: 15% year over year. Non-Interest Expense: $1.2 billion for the quarter. Full-Year Loan Growth Guidance: Increased to 6% to 8%. Full-Year Deposit Growth Guidance: Increased to 4% to 6%. Full-Year Net Interest Income Guidance: Increased to 8% to 9%. Full-Year Fee Income Growth Guidance: 4% to 6%. Full-Year Expense Growth Guidance: 5% to 6%. Full-Year Net Charge-Off Guidance: Lowered to 20 to 30 basis points. Warning! GuruFocus has detected 6 Warning Sign with HBAN. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Huntington Bancshares Inc (NASDAQ:HBAN) reported strong operating performance with robust organic growth in loans, deposits, and fees, exceeding their plans for the year. The company is driving strong revenue and profit growth year over year, supported by earning asset growth, expanded net interest margin, and positive operating leverage. Credit performance remains stable with a low level of losses, reflecting proactive management of loan portfolios and disciplined customer selection. The acquisition of Veritex is expected to significantly accelerate growth in Texas, bringing new opportunities in commercial lending and capital markets. Huntington Bancshares Inc (NASDAQ:HBAN) demonstrated strong liquidity with 2 times coverage of uninsured deposits and a 16% increase in tangible book value year over year. Negative Points Non-interest bearing deposits decreased, raising concerns about potential shifts in customer behavior towards higher-yielding products. The growth from new initiatives slowed this quarter, which could indicate increased competition or market saturation. There is uncertainty regarding the stability of the economic environment, which could impact the company's ability to hit the higher end of its net interest income guidance range. The company faces potential headwinds from economic uncertainties and the competitive environment in deposit gathering. Operating expenses are expected to increase due to higher incentive compensation and volume-related drivers, which could impact overall profitability. Q & A Highlights Q: Zach, regarding the new net interest income guidance range, what do you see as the threats to hitting the higher end of that range? A: Zachary Wasserman, CFO, mentioned that they are well on track to potentially hit the higher end of the range. He noted that the momentum in loans and stable net interest margin (NIM) are key factors. The primary concern would be the stability of the economic environment, but currently, there are no substantial threats anticipated. Q: Can you provide feedback from internal and external partners on the Veritex acquisition announcement? A: Stephen Steinour, CEO, and Brant Standridge, President of Consumer and Regional Banking, reported positive feedback. Long-term shareholders encouraged strategic acquisitions, and the Veritex team is seen as a great fit. The acquisition is expected to enhance Huntington's presence in Texas, with Malcolm Holland joining as Chairman of Texas. Q: Zach, can you discuss the differentiation in deposit trends among regional banks and how Huntington is managing deposit growth and costs? A: Zachary Wasserman, CFO, highlighted that deposit growth exceeded expectations, driven by primary bank relationships. Deposit costs trended down, and the expectation is for stable costs assuming no rate cuts. If rates decrease, there could be further opportunities to reduce costs. Q: How are Veritex lenders reacting to Huntington's acquisition, and has it led to any inbound inquiries from other Texas teams? A: Brant Standridge, President of Consumer and Regional Banking, noted excitement among Veritex colleagues and customers due to Huntington's broader capabilities. The local structure and leadership in Texas are seen positively, and there have been inbound inquiries from other Texas teams. Q: Zach, can you explain the change in the expense guide and whether higher net interest income would lead to higher expenses? A: Zachary Wasserman, CFO, explained that the primary driver of higher expenses is increased incentive compensation due to better revenue and profit outlooks. If net interest income reaches the higher end of the guidance range, expenses are expected to align with that. Q: Can you provide an update on the buildout in the Carolinas and the outlook for branch openings? A: Brant Standridge, President of Consumer and Regional Banking, expressed optimism about growth in North and South Carolina. The economic performance in these regions is strong, and Huntington plans to open more than 20 branches next year, continuing to invest in these markets. Q: How is Huntington managing its funding strategy, particularly regarding deposit growth and liquidity? A: Zachary Wasserman, CFO, explained that Huntington is optimizing funding and loan growth to drive the best net interest margin. The deposit gathering program is ongoing, and sequential growth is expected in Q4, with deposit growth expected to match loan growth over the longer term. Q: How is Huntington addressing the increase in non-performing assets in the C&I sector? A: Brendan Lawlor, Chief Credit Officer, noted that criticized loans decreased, and the increase in non-performing assets was due to one-off transactions. Overall credit quality remains strong, with improvements in the deeper part of the criticized book. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Zawya
08-07-2025
- Business
- Zawya
Qatar: Islamic banking sector assets surge by 3.9% to $160.85bln
Doha: The Islamic banking sector has witnessed robust growth over the past year. It has sustained its growth rate despite global volatility. Economic growth and diversification have been strong drivers of the development and expansion of this sector in Qatar. The Islamic banking sector, assets expanded by 3.9 percent in last year, totaling QR585.5bn. The deposits rose by 8.2 percent reaching QR339.1bn, with private sector deposits constituting 57 percent. The total financings reached QR401.5bn, an increase of 4.9 percent, predominantly directed towards the real state and government sectors respectively, and subsequently followed by personal finance. Revenues posted a growth rate of 12.6 percent, amounting to QR29.5bn, while net profits reached QR8.7bn, equivalent to 6 percent increase, according to a recent report by by Bait Al Mashura Finance. In view of the extent of the contribution made by Islamic banks, alongside the banking sector in Qatar, in financing various sectors, it is noted that the consumer sector constituted the largest sector. This was financed by Islamic banks accounting for 64 percent of the total financing extended by commercial banks (both Islamic and conventional). This was followed by the contracting sector, with 44 percent, then the real estate sector, with 42 percent, and the industrial sector, with 34 percent. It is further noted that the majority of financing extended by Islamic banks was directed toward the local market, accounting for 96 percent of their total financing portfolio, compared to 95 percent of the financing provided by conventional commercial banks being directed toward the local market. The country's economy has sustained its growth momentum at stable natural rates. This performance is underpinned by expansive developments in natural gas production at the North Field, alongside marked progress in the tourism sector. The monetary and banking sectors demonstrated continued stability, reinforcing their robustness and adaptability through strategic monetary policies and the directives of the Qatar National Vision 2030, the third phase of whose strategy was initiated this year. Within its financial and economic framework, the strategy aspires to foster sustainable economic growth by advancing a competitive, productive, and diversified economy that stimulates innovation. It further aims to achieve fiscal sustainability by reinforcing the long-term stability, soundness, and resilience of the State's public finances. Qatar's Islamic financial sector is diversified across four main components: Islamic banks, Takaful (Islamic insurance) companies, Islamic finance companies, and Islamic investment companies. It also includes a range of Shariah-compliant financial instruments such as Sukuk, Islamic investment funds, and Islamic indices. All institutions operating within these sectors are subject to direct supervision by the Qatar Central Bank (QCB). Additionally, certain institutions conduct Islamic financial activities under the regulatory framework of the Qatar Financial Centre (QFC). Meanwhile the Islamic banks in Qatar achieved total revenues amounting to QR29.5bn in the same period reflecting a growth rate of 12.6 percent compared to the year 2023. With a boost from hosting the FIFA World Cup in 2022, Qatar's diversification efforts have significantly shifted its economic structure, with nonoil sectors contributing 64% to real GDP by Q3 2024, a rapid rise from 39% in 2013. The financial sector's contribution also rose, from 5% to 8% of real GDP. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
05-07-2025
- Business
- Yahoo
Ally Bank Says This Is the Best Time To ‘Graduate' From Your Starter Bank
Millennial nostalgia is real — even when it comes to banking. That's the sentiment that Ally Bank is tapping into in their new campaign targeting millennials to 'graduate' from their starter banks to another bank account. Read Next: Find Out: The online bank worked with its agency, Anomaly, to create a marketing campaign that shows the generation can now 'Graduate Financially.' Ally found that nearly half of millennials still use their starter bank. The campaign features zany trends that dominated 2010 — from shutter shades to sepia filters. Ally partnered with millennial actor Taylor Lautner to spread the word. He recently shared how 'growth is part of the glow-up, in your style and your finances,' in a self-deprecating Instagram post featuring throwbacks to his 2011 style. As millennials move away from all the things they've outgrown, here's why a move towards a better bank should also be on the list. A new bank or banking account could be the natural segue for targeted budgeting, debt pay off or major life changes like marriage. Newer banks, especially neobanks (online only), may offer incentives to switch over or create an account. They also tend to offer higher interest rates. That means their account holders can earn more, faster. Switching banks may also save you money with little to no fees. For instance, the CapitalOne online, high-yield savings account has no fees, no minimums and a 3.60% annual percentage yield (APY). Millennials tend to be more socially conscious, which is in part reflected in their consuming habits, and banks take that seriously. If reducing your carbon footprint or impacting social justice mean a lot to you, switching banks could bring you closer to those goals while also building your financial future. When deciding whether or not to open a new bank account, millennials should consider what's personally important to them right now. This can include factors like ATM access, customer support and physical bank locations. Before making any change, millennials should also keep in mind the risk of losing any perks they already have with their current bank or account. More From GOBankingRates How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on Ally Bank Says This Is the Best Time To 'Graduate' From Your Starter Bank
Times of Oman
30-06-2025
- Business
- Times of Oman
Over 72% growth in India's overseas financial assets was due to investment, currency & deposits: RBI
New Delhi: India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI). The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 per cent of the increase. Currency and deposits, along with direct investments, also contributed significantly to the overall growth in overseas assets held by Indian residents. RBI stated, "Over 72 per cent of the rise in India's overseas financial assets was due to an increase in overseas direct investment, currency and deposits." During 2024-25, India's total external financial assets grew by USD 105.4 billion. In comparison, its external financial liabilities increased by USD 74.2 billion. As a result, the net claims of non-residents on India declined by USD 31.2 billion during the year. The RBI report also noted that this decline in net claims was mainly due to a higher rise in Indian residents' overseas financial assets (USD 60.0 billion) than the increase in foreign-owned assets in India (USD 25.8 billion) in the January-March 2025 quarter. The ratio of India's international financial assets to international financial liabilities improved to 77.5 per cent in March 2025, compared to 74.1 per cent a year earlier. This indicates a stronger external financial position for the country. On the liability side, inward direct investments, loans, and currency and deposits played a major role. In fact, inward direct investment and loans together accounted for over three-fourths of the rise in foreign liabilities of Indian residents during the January-March 2025 period. Loans increased by USD 10.0 billion, while inward direct investments went up by USD 9.7 billion during the quarter. Overall, the data also showed a healthy improvement in India's international investment position, supported by strong asset creation abroad and a moderate increase in liabilities.
Yahoo
28-06-2025
- Business
- Yahoo
Venus Transit in Taurus 2025: 7 Signs Set for Romantic Surprises! Is It You?
Venus in Taurus transit in June is bringing big shifts for everyone! But its effects may differ for each individual depending on their zodiac sign. Curious about yours? Continue reading to find out! In Vedic astrology, Venus symbolizes love, beauty, luxury, and harmony. Its transit into Taurus on 29th June 2025, influences each zodiac sign uniquely in love, relationships, career, and money. Let's find out what the transit of Venus in Taurus 2025 predictions and remedies are for each sign. Venus in Taurus Transit Date and Time Date: 29th June 2025 (Sunday) Time: 02:17 PM (IST) Are you looking for today's good time and bad time? If so, get the essential information only on Astroyogi. The predictions for the Venus transit in Taurus 2025 have been made by Astro Roli. Here's how this plenary transit will affect each of the 12 zodiac signs. During the Venus transit in Taurus, Aries natives will experience a good time both for financial growth and family happiness. Don't be overenthusiastic and overspend, as it may attract unnecessary issues. Moreover, use your speech sophisticatedly; otherwise, you may encounter unnecessary problems and less happy moments. Finance and Profession: The Venus transit will bring focus on financial security and stability. You may attract opportunities to increase your wealth, especially through creative or value-driven efforts. Relationships: Venus in Taurus softens your emotional tone, making home life and close relationships feel more nurturing and harmonious. Remedy: Practice grounding yoga, like mountain pose or warrior II. This Venus transit in Taurus 2025 will be in your sign, and it will be a favorable time for growth in personal life and happiness from relationships. However, be mindful of when you become over-sophisticated; it may lead to unnecessary challenges and stressful times. Finance & Profession: Expect noticeable progress and rewards in your professional life, especially in areas where your talents shine. Relationships: Your magnetic charm will be high, and people may get drawn to you more than usual, creating beautiful chances to connect. Remedy: Wear pastel-colored clothes. This Venus transit may not be Gemini's best time, as it may influence your subconscious. You may seek solitude to process emotions. Introspection will help you understand your needs more clearly. Avoid over-stressing yourself or escapism; instead, use this period for emotional healing. Finance & Profession: Focus on solo tasks or behind-the-scenes work that pays off later. Relationships: Introspection and evaluation of connections. You're likely to crave space to understand what you truly need from others and honor that connection without guilt. Remedy: Light lavender or eucalyptus incense. Also, make charitable donations. The Venus transit in Taurus is a beneficial period for Cancer zodiac individuals. You may experience a sense of wisdom, sophistication, and precise thinking that benefits you both personally and professionally. You may feel a sense of happiness and excitement with the positive developments during this transit. Finance & Profession: Networking and collaborations may open new doors, especially if you're involved in creative or people-centric work. Relationships: You may feel more outgoing and appreciated in your social circles, which can add a boost of happiness to your day-to-day life. Remedy: Display or keep fresh flowers in the north-west corner of your room. Also Read: Know The Remedies For Weak Planetary Positions The 2025 Venus transit will be a favorable time for professional growth for Leo individuals; you may experience increased comfort in your professional endeavors. However, some effort may be required; nonetheless, for the most part, it's a favorable time for career growth and an increase in personal happiness quotient. Finance & Profession: People at work will start noticing your value; promotions or praise could be on the horizon. Relationships: Try to balance work and personal life by making time for your loved ones, as they may feel left out otherwise. Remedy: Place a citrine crystal near your work desk. For Virgos, this will be a period where efforts will be exerted with decision-makers and management. Be cautious of fruitless travel, and this may prove a good time for communications, PR, and online propagation. You may feel lucky with the management and decision-makers. Finance & Profession: Opportunities may arise in travel, media, publishing, or educational areas; be ready to express your ideas. Relationships: You're likely to form deep connections with people from diverse backgrounds or differing belief systems. Remedy: Practice 5-minute silent meditation in the morning. For Libra, ruled by Venus, this transit will be a period of suddenness when it comes to relationships and communications. You may not receive what you expect, so be clear in communicating your inner thoughts. In your relationships, choose your words carefully and explain yourself clearly. Finance & Profession: You may receive benefits through shared resources or collaborations, but only if the exchange is mutually beneficial and fair. Relationships: This is a time to focus on intimacy and emotional connections, but be honest about your needs. Remedy: Practice mirror work by speaking loving truths to your reflection daily. For Scorpio natives, the Venus transit in Taurus in 2025 will be a favorable period for accomplishments, happiness, and personal life. Maintaining balance is important because it can lead to positive outcomes. It's a favorable period to gain from associations and public image, and benefit from partnerships. Finance & Profession: You might attract professional allies or collaborations that bring gains. Relationships: Trust and openness will be your most effective tools; use them to strengthen and harmonize your bonds. Remedy: Use deep red or maroon in your clothing or surroundings. For Sagitarians, the Venus transit effects may bring heightened demands in your associations and relationships, requiring extra effort to maintain harmony. You might encounter moments of challenge or emotional intensity, so it's wise to stay grounded, manage your resources mindfully, and approach personal decisions with thoughtful clarity. Finance & Profession: Organizing your daily routine or workspace will bring a surprising boost to productivity. Relationships: Harmony with colleagues and partners can be achieved through consistent and sincere effort. Remedy: Wear zircon and practice gratitude with mindfulness. The Venus in Taurus transit 2025 may naturally bless Capricorn natives with creativity, romance, and speculative luck. You might enjoy hobbies, artistic projects, or spending more quality time with children. This is your moment to let loose a little. Finance & Profession: Your investments and creative projects can help you attract profits; don't hold back your originality. Relationships: Romance will feel more exciting now; express yourself openly. Also, it's a good time to spend leisure time with your loved one. Remedy: Add artwork or plants to your creative space to awaken inspiration. When Venus transits in Taurus, Aquarians will have a very favorable time in personal life, experience happiness, and material gains. You may feel lucky in achieving desired results. This period may prove beneficial for happiness at home and on the professional front. Finance & Profession: Think real estate, home businesses, or remote jobs during this transit period, as they may flourish now. Relationships: Family time will become more meaningful and strong; make space for emotional bonding. Remedy: Place selenite near your front door for a sense of calm and cleansing. The Venus transit in Taurus prediction suggests that this will be a time of communication, success, and good fortune for Pisces individuals. You may enjoy leisure vacations and spend time with your siblings. Expect excellent times as luck will be on your side in PR, communication, and propagation efforts. Finance & Profession: There is an opportunity for making gains from short trips and writing. Relationships: Build community connections. Reconnect with siblings, old friends, or social circles, as you'll feel supported and lighter at this time. Remedy: Wear white clothes. *Note: Remember that the Venus transit predictions in 2025 mentioned above are general forecasts. For personalized forecasts and remedies, consult a qualified astrologer, such as Astro Roli, only on Astroyogi.#Astrology
