Nate Stein

Nate Stein asked about the operating assumptions for Net Interest Income (NII) growth next year on a standalone basis, relative to the 10%-11% growth expected this year. He also inquired about how Huntington Bancshares continues to achieve organic growth in competitive expansion markets like the Carolinas and Texas.

Answer

CFO Zach Wasserman indicated that the 2026 NII model would be similar to 2025, driven by mid to high single-digit loan growth and at least 10 basis points of NIM expansion. CEO Steve Steinour explained that growth in competitive expansion markets is fueled by rapidly growing local economies, early entry in the Carolinas, attracting seasoned colleagues, and leveraging the Veritechs acquisition for immediate scale in Texas, allowing for a full franchise rollout and strong local relationships.

Nate Stein asked about specific actions Citizens Financial Group took to manage costs in Q3 2025 despite strong fee income, and the company's confidence in achieving the $400 million+ run-rate benefit from the 'Reimagine the Bank' program.

Answer

CEO Bruce Van Saun affirmed Citizens' disciplined approach to expenses, noting that the Top 10 program continues to generate benefits that offset increased compensation from strong productivity. He expressed high confidence in achieving the $400 million+ run-rate benefit from 'Reimagine the Bank,' stating the leadership team only sets achievable targets.