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Huntington Bancshares posted solid Q2 results with $536M net income, driven by higher net interest income and loan growth, despite securities repositioning impacting earnings.
Net income reached $536M, up 2% QoQ
Average loans and leases increased by $2.3B QoQ to $133.2B
Net interest income rose by $41M QoQ
Announced Veritex acquisition to accelerate Texas market growth
Management expects continued growth driven by organic expansion and Veritex acquisition, with disciplined credit management.
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