Added10-Q 2026-10-27 vs 10-K 2026-02-13
In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully
HBANHuntington Bancshares
We are a multi-state diversified regional bank holding company organized under Maryland law in 1966 and headquartered in Columbus, Ohio. 10-K, Item 1
- Headquarters
- Columbus, OH
- CEO
- Stephen D. Steinour
- Next results
- around Jan 21, 2027
28 paragraphs in Risk Factors of the 10-K filed Feb 13, 2026 with nothing like them in the 10-K filed Feb 14, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
The following is a summary of material risks that could adversely affect Huntington’s business, financial condition, results of operation, or business.
Similar paragraph at 11 of 75 other Financials companies: AIG, AIZ, CPAY, GL, GPN, GS, HIG, KEY and 3 moreRead in the 10-K ↗
•We grow our business in part by acquiring, from time to time, other financial services businesses and businesses with technologies or other assets valuable to us. Acquisitions present several risks and uncertainties related both to the acquisition transactions themselves and to the integration of the acquired businesses into Huntington after closing.
Similar paragraph at 1 of 75 other Financials companies: PNCRead in the 10-K ↗
•We are expected to incur substantial costs related to the Cadence Merger and integration.
Similar paragraph at 1 of 75 other Financials companies: FITB•Combining Huntington and Cadence may be more difficult, costly or time consuming than expected and Huntington and Cadence may fail to realize the anticipated benefits of the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: COF•The future results of the combined company following the Cadence Merger may suffer if the combined company does not effectively manage its expanded operations.
Similar paragraph at 1 of 75 other Financials companies: FITB•The combined company may be unable to retain Huntington or Cadence personnel successfully.
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At December 31, 2025, 60% of our loan portfolio was comprised of loans in our commercial loan portfolio, which includes commercial and industrial loans, commercial real estate loans, and lease financing. While commercial loans are generally more interest rate sensitive and carry higher yields than residential mortgage loans, these types of loans generally expose a lender to greater risk of non-payment and loss than single-family residential mortgage loans because repayment of the loans often depend on the income stream of the borrowers or successful operation of the property. Such loans typically involve larger loan balances to single borrowers or groups of related borrowers compared to single-family residential mortgage loans. At December 31, 2025, we had $1.7 billion of reserves specifically allocated to loans in our commercial loan portfolio. We also monitor loan concentrations on an individual relationship and industry wide basis to evaluate the amount of risk we have in our loan portfolio.
Read in the 10-K ↗
We grow our business in part by acquiring, from time to time, other financial services businesses and businesses with technologies or other assets valuable to us. Acquisitions present several risks and uncertainties related both to the acquisition transactions themselves and to the integration of the acquired businesses into Huntington after closing.
Similar paragraph at 1 of 75 other Financials companies: PNCAcquisitions of other companies or of financial assets, deposits, and other liabilities present risks and uncertainties to us, in addition to those presented by the nature of the business acquired, which may materially and adversely affect our results of operations. Many of the same risks arise when we engage in strategic partnerships. Our ability to analyze the risks presented by prospective acquisitions, as well as our ability to prepare in advance of closing and integration, may be limited to the extent that we cannot gather necessary or desirable information with respect to the business we are acquiring. We may also make certain assumptions related to an acquisition that may prove to be inaccurate and that may limit the anticipated benefits (such as cost savings from synergies or strategic gains from being able to offer enhanced product sets) or make the acquisition more expensive or take longer to complete and integrate than anticipated. Prior to closing, prospective acquirees are also subject to their own risks that we cannot manage or control. Our ability to complete an acquisition may be dependent on regulatory agencies with responsibilities for reviewing or approving the transaction, which could delay, restrictively condition, or result in denial of an acquisition, or otherwise limit the benefits of the acquisition. Changes in regulatory rules or standards or the application of those rules or standards, or future regulatory initiatives designed to promote competition or limit systematic risk and the potential for a financial institution to become too big to fail, may also limit our ability to complete an acquisition.
Similar paragraph at 1 of 75 other Financials companies: PNCAcquisitions have their own risks that could impact the success of an acquisition and its integration into Huntington, such as:
Similar paragraph at 1 of 75 other Financials companies: PNC•If a significant aspect of the value of the transaction is intellectual property, the extent to which the intellectual property may be utilized or protected and commercialized by Huntington.
Similar paragraph at 1 of 75 other Financials companies: PNC•If the acquisition includes loan portfolios, the extent of actual credit losses and the required allowance for credit losses following completion of the acquisition.
Similar paragraph at 1 of 75 other Financials companies: PNC•If the acquisition involves entering into new businesses or geographic or other markets, potential limitations on our ability to take advantage of those opportunities because of our inexperience with respect to them.
Similar paragraph at 1 of 75 other Financials companies: PNC•The results of litigation and governmental investigations that may be pending at the time of the acquisition or that may be filed or commenced thereafter, because of an acquisition or otherwise, which are often hard to predict.
Similar paragraph at 1 of 75 other Financials companies: PNC•Operational and compliance issues at an acquiree may not be fully identified or remediated until after the acquisition closes, potentially resulting in increased costs or penalties.
Similar paragraph at 1 of 75 other Financials companies: PNC•Models used by an acquiree, such as for capital planning and credit loss accounting, may be designed or implemented in a manner different than at Huntington, and our necessary reliance on these for a period of time, could materially impact our financial position or results of operations to the extent that our estimates based on these models are inaccurate.
Similar paragraph at 1 of 75 other Financials companies: PNC•Enterprise risk management systems, policies, and procedures may be different and less mature than those of Huntington, and our necessary reliance on those for a period of time may limit our ability to identify, monitor, manage, and report risks, or subject us to heightened regulatory, legal, operational, or reputational risk.
Similar paragraph at 1 of 75 other Financials companies: PNCAfter closing, the success of an acquisition is partially dependent on our ability to retain and expand upon the acquired company’s customer base. It is also frequently subject to risks related to human capital, including risks related to integrating the corporate culture of the acquired company and, to the extent being retained, the quality of leadership of the acquired company.
Similar paragraph at 1 of 75 other Financials companies: PNCRead in the 10-K ↗
We are expected to incur substantial costs related to the Cadence Merger and integration.
Similar paragraph at 1 of 75 other Financials companies: FITBWe have incurred and will incur substantial expenses in connection with the negotiation and completion of the transactions contemplated by the Cadence Merger Agreement. These costs include legal, financial advisory, accounting, consulting and other advisory fees, public company filing fees and other regulatory fees and financial printing and other related costs.
We are expected to incur substantial costs in connection with the related integration of Cadence. There are a large number of processes, policies, procedures, operations, technologies, and systems that may need to be integrated, including purchasing, accounting and finance, payroll, compliance, treasury management, branch operations, vendor management, risk management, lines of business, pricing and benefits. While we have assumed that a certain level of costs will be incurred, there are many factors beyond our control that could affect the total amount or the timing of the integration costs. Moreover, many of the costs that will be incurred are, by their nature, difficult to estimate accurately. These integration costs may result in us taking charges against earnings following the completion of the Cadence Merger, and the amount and timing of such charges are uncertain at present.
Combining Huntington and Cadence may be more difficult, costly or time consuming than expected and Huntington and Cadence may fail to realize the anticipated benefits of the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: COFThe success of the Cadence Merger will depend, in part, on the ability to realize the anticipated cost savings from combining the businesses of Huntington and Cadence. To realize the anticipated benefits and cost savings from the Cadence Merger, Huntington and Cadence must successfully integrate and combine their businesses in a manner that permits those cost savings to be realized. If Huntington and Cadence are not able to successfully achieve these objectives, the anticipated benefits of the Cadence Merger may not be realized fully or at all or may take longer to realize than expected. In addition, the actual cost savings and anticipated benefits of the Cadence Merger could be less than anticipated, and integration may result in additional unforeseen expenses.
Prior to completion of the Cadence Merger on February 1, 2026, Huntington and Cadence operated independently. It is possible that the integration process could result in the loss of key employees, the disruption of each company’s ongoing businesses or inconsistencies in standards, controls, procedures, and policies that adversely affect the companies’ ability to maintain relationships with clients, customers, depositors, and colleagues or to achieve the anticipated benefits and cost savings of the Cadence Merger. Integration efforts between the two companies may also divert management attention and resources. These integration matters could have an adverse effect on each of Huntington and Cadence during this transition period and for an undetermined period after completion of the Cadence Merger on the combined company.
The future results of the combined company following the Cadence Merger may suffer if the combined company does not effectively manage its expanded operations.
Similar paragraph at 1 of 75 other Financials companies: FITBFollowing the Cadence Merger, the size of the business of the combined company will increase significantly beyond the current size of either Huntington’s or Cadence’s business. The combined company’s future success will depend, in part, upon its ability to manage this expanded business, which may pose challenges for management, including challenges related to the management and monitoring of new operations and associated increased costs and complexity. The combined company may also become subject to higher regulatory and supervisory standards from governmental authorities as a result of the significant increase in the size of its business after the consummation of the Cadence Merger, which will cause Huntington to become subject to standards currently applicable to Category III banking organizations under the Federal Reserve’s Regulation YY, following the applicable transition period. There can be no assurances that the combined company will be successful or that it will realize the expected operating efficiencies, cost savings, revenue enhancements or other benefits currently anticipated from the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: FITBThe combined company may be unable to retain Huntington or Cadence personnel successfully.
The success of the Cadence Merger will depend in part on the combined company’s ability to retain the talents and dedication of key employees currently employed by Huntington and Cadence. It is possible that these employees may decide not to remain with Huntington or Cadence, as applicable. If Huntington and Cadence are unable to retain key employees, including management, who are critical to the successful integration and future operations of the companies, Huntington and Cadence could face disruptions in their operations, loss of existing customers, loss of key information, expertise or know-how and unanticipated additional recruitment costs. In addition, if key employees terminate their employment, or if an insufficient number of employees are retained to maintain effective operations, the combined company’s business activities may be adversely affected and management’s attention may be diverted from successfully integrating the Bank and Cadence to hiring suitable replacements, all of which may cause the combined company’s business to suffer. In addition, Huntington and Cadence may not be able to locate or retain suitable replacements for any key employees who leave any of the companies.
Read in the 10-K ↗
New in the latest 10-Q
56 paragraphs in the 10-Q filed Oct 27, 2026 with nothing like them in the 10-Q filed Jul 28, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
10-Q
favorably impacted by $24 million from the gain on sale of a portion of our corporate trust and custody business and
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which, together, increased diluted earnings on an after tax basis by $0.01 per common share.
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• Deepen customer relationships through advice-driven local delivery of national capabilities and
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• Generate sustainable long-term profitable growth across our regional and national businesses;
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• Invest in technology, data, automation, and digital capabilities to enhance the customer experience,
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• Deploy capital prudently to support organic growth and deliver long-term shareholder returns; and
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• Maintain financial strength and resilience through disciplined risk, liquidity and capital management,
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Our quarterly results reflect disciplined execution in an evolving operating environment, driven by growth across
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our core business and the successful integrations of Cadence and Veritex. We remain strategically well positioned,
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with a scaled and diversified franchise, multiple growth engines, and the achievement of partner synergies. Our
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strong liquidity, capital, and credit profiles continue to provide the flexibility to invest in deepening customer
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relationships, expanding our capabilities and expertise, and supporting sustainable organic growth. Credit
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robust earnings, tangible book value growth, and long-term shareholder value through disciplined growth, prudent
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The U.S. economy remained resilient in the third quarter, supported by solid consumer spending, business
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investment, and continued spending on artificial intelligence and related infrastructure. The labor market remained
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Middle East and elevated energy prices weighed on confidence, but strong household and corporate balance sheets
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Interest rates moved sharply higher during the quarter as persistent inflation and durable economic strength led
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investors to price in a higher path for policy rates. In September, the Federal Reserve raised the federal funds target
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range by 25 basis points to 3.75% - 4.00%, its first rate increase since July 2023. Markets continue to price in the
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Looking ahead, growth is expected to continue, supported by consumer spending, a stable labor market, and
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ongoing investment in technology and infrastructure. Key risks include inflation, the path of interest rates, and
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assets, including $9.3 billion of loans, acquired in connection with the Veritex transaction, in addition to organic loan
Read in the 10-Q ↗
bearing deposits, acquired in the Veritex transaction, in addition to organic deposit growth over the last year.
Read in the 10-Q ↗
(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income. Prior period amounts have been revised
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(1)In the third quarter of 2026, we reclassified deposit and other insurance expense and lease financing equipment depreciation into other noninterest
Read in the 10-Q ↗
expense. Prior period amounts have been revised to conform with the current period presentation.
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Noninterest expenses for each period presented include acquisition-related expenses, as detailed in the following
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periods, related primarily to higher income before taxes, acquisition-related nondeductible expenses, and the
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absence of certain prior-year tax benefits. All periods included the benefits from general business credits, tax-
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Table 13 - Nonperforming Assets Rollforward Nine months ended (dollar amounts in millions) September 30, 2026 September 30, 2025 Nonperforming assets, beginning of period $945 $822 Acquired nonperforming assets 295 — New nonperforming assets 1,706 845 Returns to accruing status (173) (83) Charge-offs (362) (174) Payments (656) (548) Sales (33) (41) Nonperforming assets, end of period $1,722 $821
Read in the 10-Q ↗
mortgage, and commercial real estate NALs. NALs at September 30, 2026 were not concentrated in any industry or
Read in the 10-Q ↗
Financial statements and notes
The baseline economic forecast used as part of estimating the ACL at September 30, 2026 reflected a modest
Read in the 10-Q ↗
softening in the labor market and slowing economic growth. Under this scenario, the unemployment rate is
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expected to gradually increase over the next year to 4.7%, while GDP growth is expected to moderate through the
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remainder of 2026, not exceeding 2% until the fourth quarter of 2027. These economic expectations, together with
Read in the 10-Q ↗
portfolio-specific performance trends and other qualitative factors, were incorporated into the Company’s estimate
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10-Q
decrease largely driven by portfolio mix changes associated with acquired and organic loan growth and changes in
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economic assumptions incorporated into the ACL estimate relative to year-end. The ACL coverage ratio at
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also reflecting higher net charge-offs in both the commercial and consumer loan portfolios.
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deposits held at the FRB as part of prudent liquidity risk management to support our strong liquidity position.
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(2) In September 2026, Fitch Ratings lowered the Company's senior unsecured debt rating to BBB+ and subordinated debt rating to BBB. Fitch indicated that
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the action reflected the application of its methodology for institutions expected to be subject to Category III regulatory standards and did not reflect a
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this report and in the reconciliation below for the efficiency and tangible common equity ratios.
Read in the 10-Q ↗
Financial statements and notes
In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest
Read in the 10-Q ↗
income, and we reclassified deposit and other insurance expense and lease financing equipment depreciation into
Read in the 10-Q ↗
other noninterest expense. Prior period amounts have been revised to conform with the current period
Read in the 10-Q ↗
The baseline economic forecast used as part of estimating the ACL at September 30, 2026 reflected a modest
Read in the 10-Q ↗
softening in the labor market and slowing economic growth. Under this scenario, the unemployment rate is
Read in the 10-Q ↗
expected to gradually increase over the next year to 4.7%, while GDP growth is expected to moderate through the
Read in the 10-Q ↗
remainder of 2026, not exceeding 2% until the fourth quarter of 2027. These economic expectations, together with
Read in the 10-Q ↗
portfolio-specific performance trends and other qualitative factors, were incorporated into the Company’s estimate
Read in the 10-Q ↗
Excluding fully amortized intangible assets, Huntington’s other intangible assets consisted of the following.
Read in the 10-Q ↗
Three Months Ended Nine Months Ended (dollar amounts in millions, except per share data, share count in thousands) September 30, September 30, September 30, September 30, 2026 2025 2026 2025 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Basic earnings per common share: Net income attributable to Huntington $721 $629 $1,971 $1,692 Dividends on preferred shares 41 27 123 81 Net income available to common shareholders $680 $602 $1,848 $1,611 Average common shares issued and outstanding 2,019,285 1,459,129 1,970,567 1,456,979 Basic earnings per common share $0.34 $0.41 $0.94 $1.11 Diluted earnings per common share: Average dilutive potential common shares: Stock options, restricted stock units and awards, and 20,626 18,491 21,759 18,662 performance share units Shares held in deferred compensation plans 6,962 6,967 7,114 7,036 Average dilutive potential common shares 27,588 25,458 28,873 25,698 Total diluted average common shares issued and outstanding 2,046,873 1,484,587 1,999,440 1,482,677 Diluted earnings per common share $0.33 $0.41 $0.92 $1.09 Anti-dilutive awards (1) 238 230 278 1,693
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straight-line basis as a reduction to interest income over the contractual life of these contracts.
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The parties have reached a tentative resolution, and settlement documentation is being prepared. All court
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dates and deadlines, including the trial date, have been stayed pending finalization of the settlement.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 27, 2026 against Item 1A of the 10-K filed Feb 13, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our 2025 Annual Report on Form 10-K, which
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
changes to the risk factors previously disclosed in our 2025 Annual Report on Form 10-K.
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