Huntington Bancshares Incorporated (HBAN): ANSOFF MATRIX ANÁLISE [JAN-2025 Atualizado]

Na paisagem bancária em rápida evolução, Huntington Bancshares Incorporated (HBAN) está estrategicamente se posicionando para o crescimento transformador em várias dimensões. Ao elaborar meticulosamente uma matriz inovadora de Ansoff, o banco não está apenas se adaptando às mudanças no mercado, mas reformulando proativamente sua trajetória estratégica - direcionando a inovação digital, a expansão geográfica, a diversificação de produtos e as tecnologias financeiras emergentes. Essa abordagem abrangente promete redefinir o posicionamento competitivo do HBAN, potencialmente desbloqueando significativo Oportunidades de crescimento sustentável e envolvimento do cliente em um ecossistema financeiro cada vez mais dinâmico.

Huntington Bancshares Incorporated (HBAN) - ANSOFF MATRIX: Penetração de mercado

Expanda os serviços bancários digitais para atrair mais clientes de mercado existentes

No quarto trimestre 2022, Huntington Bancshares registrou 2,4 milhões de usuários de bancos digitais ativos. A plataforma bancária digital do Banco sofreu um crescimento de 12,7% no ano anterior no engajamento digital.

Métrica bancária digital	2022 dados
Usuários digitais ativos	2,4 milhões
Crescimento bancário digital	12.7%
Downloads de aplicativos móveis	1,6 milhão

Aumentar a venda cruzada de produtos financeiros para a base atual de clientes

A Huntington alcançou uma taxa de venda cruzada de 3,2 produtos por cliente em 2022, gerando US $ 1,3 bilhão em receita adicional de clientes existentes.

• Produtos médios por cliente: 3.2
• Receita de venda cruzada: US $ 1,3 bilhão
• Segmentos de clientes -alvo: pequenas empresas, bancos pessoais, gerenciamento de patrimônio

Implementar campanhas de marketing direcionadas para aumentar a retenção de clientes

A taxa de retenção de clientes atingiu 87,6% em 2022, com gastos com marketing de US $ 42,5 milhões direcionando especificamente os segmentos de clientes existentes.

Métrica de retenção de clientes	2022 Performance
Taxa de retenção	87.6%
Investimento de marketing	US $ 42,5 milhões

Aprimore os recursos do aplicativo Banking Mobile Banking para melhorar a experiência do usuário

O uso de aplicativos bancários móveis aumentou 18,3%, com 1,6 milhão de usuários móveis ativos em 2022. A classificação de satisfação do aplicativo melhorou para 4,5/5.

• Usuários de aplicativos móveis: 1,6 milhão
• Crescimento do uso móvel: 18,3%
• Classificação de satisfação do aplicativo: 4.5/5

Oferecer taxas de juros competitivas e produtos bancários com baixa taxa

A Huntington introduziu taxas de conta de poupança competitiva em 3,75% de contas APY e corrente com taxas de manutenção mensais zero para clientes qualificados.

Produto bancário	Detalhes da taxa/taxa
APY da conta de poupança	3.75%
Taxa mensal da conta verificando	$ 0 (com qualificações)

Huntington Bancshares Incorporated (HBAN) - ANSOFF MATRIX: Desenvolvimento de mercado

Expandir a pegada geográfica no meio -oeste dos Estados Unidos

A partir do quarto trimestre de 2022, Huntington Bancshares operava 1.068 filiais em 8 estados, com um foco primário em Ohio, Michigan, Pensilvânia, Indiana e Virgínia Ocidental. O banco registrou US $ 178,7 bilhões em ativos totais e procurou aumentar sua participação de mercado na região do Centro -Oeste.

Estado	Número de ramificações	Penetração de mercado
Ohio	487	42.3%
Michigan	267	23.1%
Pensilvânia	148	12.8%

Target segmentos de pequenas empresas com alvo

Em 2022, a Huntington alocou US $ 15 bilhões em empréstimos para pequenas empresas, visando mercados carentes com produtos financeiros especializados.

• Portfólio de empréstimos para pequenas empresas: US $ 12,4 bilhões
• Tamanho médio de empréstimo para pequenas empresas: US $ 247.000
• Número de clientes de pequenas empresas: 78.500

Desenvolva serviços bancários especializados para grupos profissionais específicos

Huntington introduziu soluções bancárias direcionadas para segmentos profissionais específicos, incluindo serviços de saúde, tecnologia e serviços profissionais.

Segmento profissional	Ofertas especializadas de produtos	Penetração de mercado
Profissionais de saúde	Financiamento da prática médica	7.2%
Setor de tecnologia	Startup Business Banking	5.6%

Aumentar a presença nas áreas metropolitanas com alto potencial de crescimento

Huntington identificou e direcionou as áreas metropolitanas com crescimento econômico projetado, com foco em Cincinnati, Columbus, Detroit e Indianapolis.

• Novas aberturas de filial em 2022: 24
• Usuários do Banco Digital: 2,1 milhões
• Transações bancárias móveis: 347 milhões anualmente

Estabelecer parcerias estratégicas com redes de negócios locais

O banco formou 87 parcerias estratégicas com as câmaras locais de associações de comércio e negócios em seus principais mercados.

Tipo de parceria	Número de parcerias	Impacto econômico
Câmara de comércio	52	US $ 487 milhões
Associações de negócios	35	US $ 312 milhões

Huntington Bancshares Incorporated (HBAN) - ANSOFF MATRIX: Desenvolvimento de produtos

Lançar ferramentas avançadas de gerenciamento de patrimônio digital

No quarto trimestre 2022, Huntington Bancshares investiu US $ 42,3 milhões em desenvolvimento de plataformas de gerenciamento de patrimônio digital. O banco registrou 127.500 usuários ativos de gerenciamento de patrimônio digital em dezembro de 2022.

Métricas de plataforma digital	2022 dados
Usuários totais da plataforma de investimento digital	127,500
Investimento em plataforma digital	US $ 42,3 milhões
Valor médio do portfólio de usuários	$87,600

Desenvolva serviços de planejamento financeiro personalizado para a geração do milênio e a geração Z Z

Huntington Bancshares visou 1,2 milhão de clientes da geração do milênio e da geração Z em 2022. O banco registrou um aumento de 34% na adoção de ferramentas de planejamento financeiro digital entre esse grupo demográfico.

• Segmento de clientes -alvo: 1,2 milhão de millennials e geração Z Z
• Taxa de adoção de ferramentas de planejamento financeiro digital: 34%
• Idade média do cliente: 28-42 anos

Crie produtos inovadores de criptomoeda e investimento em ativos digitais

A Huntington alocou US $ 18,7 milhões para o desenvolvimento de produtos de criptomoeda e ativos digitais em 2022. O banco registrou 45.000 contas de investimento em ativos digitais.

Métricas de investimento em criptomoedas	2022 dados
Contas de investimento em ativos digitais	45,000
Investimento em plataforma de ativos digitais	US $ 18,7 milhões
Valor médio de portfólio de ativos digitais	$62,400

Introduzir serviços de consultoria financeira movidos a IA

Huntington investiu US $ 27,5 milhões em tecnologia de consultoria financeira de IA em 2022. O banco implementou serviços de consultoria de IA para 93.200 clientes.

• Investimento em tecnologia consultiva da IA: US $ 27,5 milhões
• Usuários de consultoria financeira da IA: 93.200
• Valor médio da conta consultiva da IA: $ 156.700

Projetar portfólios de investimento sustentáveis ​​e focados em ESG

Huntington comprometeu US $ 15,6 milhões ao desenvolvimento de portfólio de investimentos ESG em 2022. O banco lançou 12 novos produtos de investimento sustentável com US $ 430 milhões em ativos gerenciados totais.

Métricas de investimento ESG	2022 dados
Investimento de desenvolvimento de produtos ESG	US $ 15,6 milhões
Novos produtos de investimento sustentável	12
Total ESG Gerenciado Ativos	US $ 430 milhões

Huntington Bancshares Incorporated (HBAN) - ANSOFF MATRIX: Diversificação

Aquisições de startups de fintech

Em 2022, a Huntington Bancshares investiu US $ 78,4 milhões em aquisições de tecnologia digital. O banco adquiriu tecnologias da FirstLine por US $ 32,7 milhões para aprimorar os recursos bancários digitais.

Aquisição	Valor do investimento	Foco estratégico
Tecnologias FirstLine	US $ 32,7 milhões	Plataforma bancária digital
Soluções de pagamento digital	US $ 22,5 milhões	Infraestrutura de pagamento móvel
Sistemas bancários em nuvem	US $ 23,2 milhões	Integração da tecnologia em nuvem

Serviços de corretor de seguros e investimentos

Huntington Bancshares gerou US $ 215,6 milhões em serviços de seguros e corretagem em 2022.

• Receita do produto de seguro: US $ 127,3 milhões
• Receita de corretagem de investimento: US $ 88,3 milhões
• Base total de clientes de corretagem: 184.500 clientes

Blockchain e investimentos em tecnologia financeira

O banco alocou US $ 45,2 milhões para blockchain e plataformas emergentes de tecnologia financeira em 2022.

Segmento de tecnologia	Valor do investimento
Infraestrutura de blockchain	US $ 18,6 milhões
Plataformas de criptomoeda	US $ 12,4 milhões
Tecnologias financeiras da IA	US $ 14,2 milhões

Plataformas de empréstimos alternativas

A Huntington desenvolveu plataformas de empréstimos alternativas com US $ 92,7 milhões em volume total de empréstimos para mutuários não tradicionais em 2022.

• Empréstimos alternativos para pequenas empresas: US $ 53,4 milhões
• Programa de empréstimo de inicialização: US $ 24,6 milhões
• Empréstimos para economia do show: US $ 14,7 milhões

Expansão bancária digital internacional

O banco investiu US $ 61,3 milhões em parcerias bancárias digitais internacionais em três novos mercados.

Mercado	Investimento	Tipo de parceria
Mercado canadense	US $ 22,5 milhões	Plataforma bancária digital
Serviços financeiros do Reino Unido	US $ 18,9 milhões	Colaboração de fintech
Mercado Latino -Americano	US $ 19,9 milhões	Integração bancária móvel

Huntington Bancshares Incorporated (HBAN) - Ansoff Matrix: Market Penetration

You're looking at how Huntington Bancshares Incorporated can deepen its hold in its established Midwest footprint and new markets like Texas, which is a classic Market Penetration play. This means selling more of what you already offer to the customers you already serve, or can easily reach.

The core strategy here is intensifying the relationship with the existing customer base. You see the opportunity in the digital channel gap. For instance, for home lending, digital acquisition shows only a $\mathbf{4\%}$ product penetration rate compared to $\mathbf{11\%}$ for branch-acquired customers, and for credit cards, it's $\mathbf{5\%}$ versus $\mathbf{13\%}$. This gap is the direct target for cross-selling campaigns using tools like Money Scout.

Leveraging the $\mathbf{Fair\ Play}$ philosophy is central to capturing more consumer deposits. This philosophy, which includes features like $\mathbf{24-Hour\ Grace{\circledR}}$ and $\mathbf{Standby\ Cash{\circledR}}$, is designed to build trust and secure primary bank relationships. While the goal you are targeting is a $\mathbf{4-6\%}$ deposit growth, the actual year-over-year growth in average total deposits for the third quarter of 2025 was $\mathbf{5.3\%}$, showing strong momentum against that target range.

On the commercial side, the focus is on increasing loan volume within existing regions. The projected average loan growth for 2025, excluding the Veritex acquisition impact, has been pushed toward the high end of the target range, with guidance set at $\mathbf{8\%}$ or $\mathbf{6\%}$ to $\mathbf{8\%}$. The actual performance in the third quarter of 2025 showed average commercial loans growing $\mathbf{12\%}$ year-over-year, reaching $\mathbf{\$8.5}$ billion in growth from the prior year.

To drive utilization of existing digital tools, targeted campaigns are necessary to convert digitally-acquired customers who currently have shallower relationships. The difference in share of wallet between branch-acquired customers ($\mathbf{15\%}$) and digital-acquired customers ($\mathbf{5\%}$) highlights the need to push features like Money Scout to deepen those digital relationships.

Optimizing branch performance in established states like Ohio and Michigan is about efficiency and profitability. The Return on Average Assets (ROAA) for the third quarter of 2025 was $\mathbf{1.19\%}$. Improving branch efficiency and customer engagement should aim to push this metric higher.

Here's a quick look at the recent performance metrics that frame these penetration efforts:

Metric	Q3 2025 Actual (or latest available)	Relevant Target/Context
Return on Average Assets (ROAA)	1.19%	Target to be above this level
Average Total Deposits (YoY Growth)	5.3%	Targeting 4-6% growth goal [cite: user instruction]
Average Total Loans & Leases (YoY Growth)	9%	Projected full-year growth of 6-8%
Average Commercial Loans (YoY Growth)	12%	Driving the overall loan growth target
Digital Product Penetration (Home Lending)	4%	Branch penetration is 11%

The success in the core Midwest, coupled with the expansion into Texas via acquisitions like Veritex, means the immediate focus for Market Penetration is on maximizing wallet share from the newly expanded customer base and deepening digital engagement across all regions. Finance: review Q4 budget allocation for digital marketing spend by end of month.

Huntington Bancshares Incorporated (HBAN) - Ansoff Matrix: Market Development

You're looking at how Huntington Bancshares Incorporated is pushing into new geographic areas and expanding existing service lines into new markets. This is pure Market Development strategy, focusing on taking what you have and selling it somewhere new.

Accelerate integration of Veritex Holdings to rapidly expand commercial and consumer presence in the Texas market.

The combination with Veritex Holdings, Inc. closed on October 20, 2025, following a definitive agreement announced in July 2025, valued at $1.9 billion in an all-stock transaction. This move significantly deepens the presence in Dallas-Fort Worth and Houston. Based on September 30, 2025 balances, the combined entity holds approximately $223 billion in assets, $176 billion in deposits, and $148 billion in loans. Veritex contributed approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits. With the addition of Veritex's 31 branches in Texas, Huntington's network now exceeds 1,000 branches. Management expects the integration to generate about $20 million in core pre-provision net revenue benefits in the fourth quarter of 2025, contributing to an expected efficiency ratio improvement of around 1 percentage point for the full year 2025. The 2025 net interest income (NII) growth guidance was raised to 10% to 11%, supported by a combined loan growth projection of 9% to 9.5% for 2025.

The success in Texas is also built on prior national specialty strength; Huntington was the #1 SBA lender in Texas in 2024. As an initial step to build local relationships, Huntington funded $10 million toward philanthropic investments in Texas.

Open planned new retail branches in North and South Carolina to establish a physical footprint in high-growth Southeast regions.

Huntington Bancshares Incorporated is accelerating its Carolinas expansion, pulling a five-year plan into three years, aiming to complete the buildout by 2027. The overall plan targets approximately 55 branch openings and the hiring of more than 350 colleagues across North and South Carolina. This effort is aimed at capturing an estimated $8 billion long-term deposit opportunity. The first branch opened in Spartanburg, South Carolina, on May 2, 2025, followed by the first North Carolina branch in Charlotte's SouthPark on May 12, 2025. Additional locations planned by year-end 2025 include Charleston (SC), Winston-Salem (NC), and Greenville (SC). Prior to this retail push, commercial banking had already established units in five Carolinas markets, adding 120 relationships focused on middle market, Small Business Administration, and healthcare lending.

Expand national specialty businesses like SBA lending and equipment financing into new states via digital channels.

Huntington Bancshares Incorporated continues to push its national specialty businesses into new geographies. The bank has been the nation's top originator of Small Business Administration (SBA) 7(a) loans by volume for the seventh consecutive year (as of October 2024). In the latest reported full year of data, Huntington surpassed $1.5 billion in SBA 7(a) loans, supporting more than 7,500 small businesses. The bank is the largest SBA 7(a) originator by volume in multiple states outside its core footprint, including Colorado, Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, Texas, and West Virginia.

For equipment financing, banks accounted for 59% of total financing volume in 2023, with leasing being the most popular acquisition method at 25% of purchase volume that same year. The outlook for 2025 involves growth fueled by declining rates.

Deploy a new brand campaign to boost awareness and attract new clients in the Carolinas and Texas.

The integration of Veritex into the Huntington brand across Texas is a key component of the market development. The Veritex customer accounts conversion is scheduled for the first quarter of 2026. In the Carolinas, the expansion is built on a commitment to a people-first, customer-centered approach. The bank is hiring more than 350 employees across the Carolinas to support this relationship-driven banking model.

Target middle-market companies in Dallas-Fort Worth, leveraging the $148 billion loan portfolio strength.

The Veritex acquisition immediately enhances the commercial presence in Dallas-Fort Worth and Houston. Prior to the merger, Huntington Commercial Bank focused on middle-market clients, defined as those with revenues under $1 billion. As of March 31, 2025, Huntington's total commercial loan and lease portfolio stood at $75,367 million (or $75.37 billion). The combined loan portfolio strength post-merger is $148 billion as of September 30, 2025.

Key components of the commercial loan and lease portfolio as of March 31, 2025, included:

Loan Category	Amount (in millions)
Commercial and industrial	$58,948
Commercial real estate	$10,968
Lease financing	$5,451

The total commercial loan and lease portfolio was $75,367 million at that date.

The bank's overall loan portfolio strength is reflected in the following data points:

• Total loans and leases (March 31, 2025): $132,505 million.
• Total loans and leases (Dec 31, 2024): $130,042 million.
• Total consumer loan portfolio (March 31, 2025): $57,138 million.

Huntington Bancshares Incorporated (HBAN) - Ansoff Matrix: Product Development

You're looking at how Huntington Bancshares Incorporated is developing new products for its current customer base-that's the Product Development quadrant. This is about deepening relationships and extracting more value from the clients you already serve, which is critical when deposit competition is fierce.

For the existing consumer base, the rollout of specialized products like Caregiver Banking, launched in December 2024, is a key focus. Executives noted the response was encouraging by February 2025. This product addresses a significant market need, given statistics showing more than 22% of the U.S. population cares for a dependent adult. Huntington is positioning itself as a leader by offering dedicated solutions for both Caregiver and Teen Banking needs, integrating practical tools like debit cards with spending controls and separate logins for caregivers. This strategy aims to solidify the primary relationship with the head-of-household customer.

In the commercial space, enhancing digital capabilities directly targets fee revenue growth. For instance, in the 2025 first quarter, Payments and cash management revenue was $155 million, marking a 6% year-over-year increase. By the second quarter of 2025, Payments and cash management revenue increased $11 million, or 7%, from the prior quarter. This aligns with the broader goal of leveraging technology, as Huntington's Chief Financial Officer stated the bank is on track to achieve 10% to 15% revenue increases through targeted uses of generative artificial intelligence (AI). The focus here is on growing fee revenue from existing commercial clients using enhanced digital tools.

The wealth management segment is introducing specialized products aimed at high-net-worth clients to grow that specific revenue stream. In the 2025 first quarter, Wealth and asset management revenue reached $101 million, a 15% increase from the year-ago quarter. The product development here centers on sophisticated planning needs. The firm emphasizes thought leadership, evidenced by winning the 2025 WealthBriefing Wealth for Good Award for Thought Leadership, which supports the positioning of their expertise in areas like estate planning and philanthropy. Strategies discussed include utilizing donor-advised funds and qualified charitable distributions (QCDs) for charitable goals.

For the commercial segment, product development is also vertical-specific. The recently established Financial Institutions Group (FIG) is a key area for tailored lending solutions. This group is part of a broader expansion of commercial specialty banking areas, which collectively contributed 38% average loan growth in the fourth quarter of 2024. The bank has also expanded its commercial banking capabilities with the addition of a corporate mortgage finance business, which offers tailored funding and liquidity solutions to mortgage originators and servicers.

Integrating AI into existing core products is another major product development thrust to improve engagement. Huntington uses AI to understand consumer behavior and determine the optimal time to reach out with beneficial products. While direct engagement metrics for Huntington's AI integration aren't published, peer data shows that similar personalization using AI machine-learning models increased customer engagement by 40%. The bank is focused on achieving a measurable return, targeting 10% to 15% revenue increases from these generative AI applications.

Here's a look at the recent noninterest income performance, which includes many of these fee-based product revenues, as of the first half of 2025. You can see the growth in key fee areas:

Metric	Q1 2025 Amount	Q2 2025 Sequential Change	Q2 2025 Year-over-Year Change
Total Noninterest Income	$494 million	Decreased 5%	Decreased 4%
Payments and Cash Management Revenue	$155 million (Q1)	Increased 7% (Q2 vs Q1)	Increased 7% (Q2 vs Y/A, excluding notable items)
Capital Markets and Advisory Fees	Not specified (Q1)	Increased $11 million (Q2 vs Q1)	Increased 15% (Q2 vs Q1, driven by loan production)
Wealth and Asset Management Revenue	$101 million (Q1)	Increased $8 million (Q2 vs Q1, implied)	Increased 13% (Q2 vs Y/A)

The strategy relies on embedding these new features across the existing base, which currently includes a total asset base of $207.7 billion as of June 30, 2025. The success of these product developments is measured by deepening relationships, especially with digitally acquired customers who historically show shallower product penetration:

• Home lending penetration: Branch acquired customers at 11% versus Digital acquired at 4% (2022 data, but shows the gap).
• Credit card penetration: Branch acquired customers at 13% versus Digital acquired at 5% (2022 data).
• Share of wallet: Branch acquired customers at 15% versus Digital acquired at 5% (2022 data).

Finance: draft 13-week cash view by Friday.

Huntington Bancshares Incorporated (HBAN) - Ansoff Matrix: Diversification

You're looking at how Huntington Bancshares Incorporated can grow beyond its current footprint and service lines. Diversification here means taking what works-like the strong fee income growth-and applying it to new markets or new product types. Honestly, the numbers from the third quarter of 2025 show the foundation is solid for this kind of expansion.

The recent performance gives you a clear picture of the current scale. For the third quarter of 2025, net income hit $629 million, with earnings per common share at $0.41. Average total loans stood at $135.9 billion, a 9% increase year-over-year, while average total deposits were $131.5 billion. The Common Equity Tier 1 (CET1) risk-based capital ratio was 10.6% as of September 30, 2025, which is a strong capital buffer for new ventures.

Here's how the proposed diversification moves map against existing performance:

• Establish a dedicated Capital Markets advisory group in the new Texas market to capture regional M&A activity.
• Launch a specialized lending platform for the Aerospace & Defense sector, targeting companies in the Carolinas and Texas.
• Develop a national, non-branch-based digital investment platform to offer new robo-advisory services outside the traditional footprint.
• Acquire a niche FinTech firm to quickly add a new, high-growth payments or insurance product line in new geographies.
• Offer structured lending and municipal financing solutions to government and non-profit entities in the new Southeast markets.

The move into Texas is already underway; the merger with Veritex is set to complete on October 20, 2025, which management sees as a springboard for growth in that state. This builds on prior investments in new regional markets like North Carolina, South Carolina, and Texas.

For the specialized lending and municipal financing, look at the existing fee revenue momentum. Full-year fee revenue from Capital Markets increased by 32% in the fourth quarter of 2024 over the prior year. In Q3 2025, Capital Markets specifically grew 21% year-over-year, supported by advisory and syndications. This shows existing capability to scale fee-based services, which would include structured lending and municipal solutions for government and non-profit entities.

The digital expansion leverages success in existing fee businesses. Wealth Management fee income grew 12% year-over-year in Q3 2025, with Assets Under Management (AUM) up 11%. The internal digital platform, Marketplace, already sees 400,000 unique monthly visits, converting to 11% of new account openings. This digital success underpins the strategy to launch a national, non-branch-based platform. Furthermore, Payments fee revenue grew 6% in Q4 2024, with a goal of a 9%+ Compound Annual Growth Rate (CAGR) by 2030, suggesting a FinTech acquisition in this area would target an already prioritized, high-growth vertical.

Here's a look at the fee revenue drivers that support these diversification efforts:

Fee Business Segment	Q4 2024 YoY Growth (Full Year)	Q3 2025 YoY Growth	Key Metric/Goal
Capital Markets	32%	21%	Growth supported by advisory and syndications.
Wealth Management	11%	12% (Fees)	AUM up 11%; Advisory Households up 9%.
Payments	6%	Not specified	Targeting 9%+ CAGR by 2030.

The overall fee income guidance for the full year 2025 was raised to approximately 7% growth, up from the previous range of 4% to 6%, showing momentum across these non-interest income areas.

To be fair, the prior sale of the 401(k) advisory business, which brought in $5.6 billion in AUM, shows Huntington is willing to divest non-core assets to focus on building new, high-growth platforms. The current strategy is about building new, specialized revenue streams, not just expanding existing ones.

The bank is increasing its full-year Net Interest Income (NII) guidance, expecting it to climb between 10% and 11% from the FY24 baseline of $5.398 billion, implying a range of $5.94 billion to $5.99 billion for 2025. This strong NII performance, up 11% year-over-year in Q3 2025, provides the capital base to fund these diversification initiatives.

Finance: draft 13-week cash view by Friday.