Huntington Bancshares (NASDAQ: HBAN) stock is soaring 5.05% in pre-market trading on Thursday following the release of its impressive first-quarter 2025 earnings report. The regional bank holding company reported earnings per share of $0.34, surpassing the analyst consensus estimate of $0.31, and demonstrating significant growth from $0.26 in the same quarter last year.

The company's strong performance was driven by several key factors. Net interest income increased by $31 million, or 2%, from the previous quarter, and by $139 million, or 11%, year-over-year. This growth was supported by a 2% increase in average total loans and leases, reaching $130.9 billion, and a 1% rise in average total deposits, totaling $161.6 billion. Huntington's net interest margin also improved to 3.10%, up from 3.03% in the previous quarter.

Adding to investor enthusiasm, Huntington provided a positive outlook for the full year, projecting net interest income growth of 5% to 7%. This upward revision from the previous forecast of 4% to 6% reflects expectations of lower deposit pricing and continued earning asset growth. Furthermore, the company's Board of Directors approved a $1 billion share repurchase authorization, signaling confidence in the bank's financial position and commitment to delivering shareholder value. These factors collectively contribute to the significant pre-market surge in Huntington Bancshares' stock price.