ハンチントンバンクの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________________________________________________________________________________

FORM 8-K

_______________________________________________________________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 23, 2026

______________________________________________________________________________________________________________________________

Huntington Bancshares Incorporated

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________________________________________________________


Maryland	1-34073	31-0724920
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

Registrant's address: 41 South High Street, Columbus, Ohio 43287

Registrant’s telephone number, including area code: (614) 480-2265

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

_______________________________________________________________________________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of each exchange on which registered

Depositary Shares (each representing a 1/40th interest in a share of 4.500% Series H Non-Cumulative, perpetual preferred stock)

HBANP

The Nasdaq Stock Market LLC

Depositary Shares (each representing a 1/1000th interest in a share of 5.70% Series I Non-Cumulative, perpetual preferred stock)

HBANM

The Nasdaq Stock Market LLC

Depositary Shares (each representing a 1/40th interest in a share of 6.875% Series J Non-Cumulative, perpetual preferred stock)

HBANL

The Nasdaq Stock Market LLC

Depositary Shares (each representing a 1/1000th interest in a share of 5.50% Series L Non-Cumulative, perpetual preferred stock)

HBANZ

The Nasdaq Stock Market LLC

Common Stock—Par Value $0.01 per Share

HBAN

The Nasdaq Stock Market LLC

Nasdaq Texas, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§24012b-2).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 23, 2026, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended June 30, 2026. Also on July 23, 2026, Huntington made a Quarterly Financial Supplement available in the Investor Relations section of Huntington’s website. Copies of Huntington's news release and quarterly financial supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference in this Item 2.02.

Huntington’s senior management will host an earnings conference call on July 23, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.ir.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13761371. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through July 31, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13761371.

Caution Regarding Forward-Looking Statements

This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements which are not historical facts and are subject to numerous assumptions, risks, estimates, and uncertainties that are beyond the control of Huntington. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements or historical performance: changes in general economic, political, regulatory, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages; instability in global economic conditions and geopolitical conditions, including U.S. direct involvement in war and other conflicts, as well as volatility in financial markets; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as Federal Deposit Insurance Corporation ("FDIC") special assessments, long-term debt requirements and heightened capital requirements; potential impacts to macroeconomic conditions, which could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; unexpected outflows of deposits which may require us to sell investment securities at a loss; changing interest rates which could negatively impact the value of our portfolio of investment securities; the loss of value of our investment portfolio which could negatively impact market perceptions of us and could lead to deposit withdrawals; market perceptions of us and banks generally, including from the effects of social media; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System ("Federal Reserve"); volatility and disruptions in global capital, foreign exchange, and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services including those implementing our “Fair Play” banking philosophy; introduction of new competitive products, such as stablecoins, and new competitors, such as financial technology companies and other “nontraditional” bank competitors; changes in policies and standards for regulatory review of bank mergers; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, and state-level regulators; the possibility that the anticipated benefits of recent or

proposed acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy and competitive factors in the areas where the companies do business; and other factors that may affect the future results of Huntington.

All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the “Forward-Looking Statements” and “Risk Factors” of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2026, as filed with the SEC and available on its website at www.sec.gov.

The information contained or incorporated by reference in Item 2.02 of this Form 8-K shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01. Financial Statements and Exhibits.

The exhibits referenced below shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

(d)Exhibits.

Exhibit 99.1 – News release of Huntington Bancshares Incorporated, dated July 23, 2026.

Exhibit 99.2 – Quarterly Financial Supplement, June 30, 2026.

EXHIBIT INDEX


Exhibit No.			Description

Exhibit 99.1			News release of Huntington Bancshares Incorporated, dated July 23, 2026
Exhibit 99.2			Quarterly Financial Supplement, June 3 0 , 2026






Exhibit 104			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HUNTINGTON BANCSHARES INCORPORATED

Date:

July 23, 2026

By:

/s/ Zachary Wasserman

Zachary Wasserman

Chief Financial Officer

EX-99.1 2 hban20260630_8kex991.htm EX-99.1 Document

Exhibit 99.1

July 23, 2026

Analysts: Eric Wasserstrom (huntington.investor.relations@huntington.com), 614.480.5676

Media: Tracy Pesho (media@huntington.com), 216.276.3301

Huntington Bancshares Incorporated Reports 2026 Second-Quarter Earnings

Q2 Results Highlighted by Growth in Key Strategic Fee Revenues and Net Interest Income and Successful Cadence Systems Conversion

2026 Second-Quarter Highlights:

•Earnings per common share (EPS) for the quarter was $0.33, higher by $0.08 from the prior quarter, and $0.01 lower than the year-ago quarter.

◦Excluding the after-tax impact of Notable Items as detailed in Table 2, adjusted EPS1 was $0.39, higher by $0.02 from the prior quarter.

◦The prior year quarter included $0.04 of impact to EPS resulting from a $58 million decrease in pre-tax earnings from a securities repositioning and Notable Items that decreased pre-tax earnings by $3 million. Excluding the impact from these items, adjusted EPS1 was higher by $0.01 from the year ago quarter.

•Successfully completed the systems conversion of Cadence Bank ("Cadence") in mid-June.

•Net interest income increased $161 million, or 9%, from the prior quarter, and $585 million, or 40%, from the year-ago quarter.

•Noninterest income increased $103 million, or 15%, from the prior quarter, to $785 million. From the year-ago quarter, noninterest income increased $314 million, or 67%.

•Average total loans and leases increased $15.0 billion, or 9%, from the prior quarter to $189.3 billion and increased $56.1 billion, or 42%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex Holdings, Inc. ("Veritex") acquisitions.

◦Average commercial loans grew $11.6 billion, or 11%, from the prior quarter and $44.4 billion, or 59%, from the year-ago quarter.

◦Average consumer loans grew $3.4 billion, or 5%, from the prior quarter and $11.7 billion, or 20%, from the year-ago quarter.

•Average total deposits increased $18.8 billion, or 9%, from the prior quarter and $60.0 billion, or 37%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions.

•Net charge-offs of 0.25% of average total loans and leases for the quarter, 1 basis point lower than the prior quarter and 5 basis points higher than the year ago quarter.

•Nonperforming asset ratio of 0.85% at quarter end, 13 basis points higher than the prior quarter.

•Allowance for credit losses (ACL) of $3.4 billion, or 1.78% of total loans and leases, at quarter end, an increase of $13 million from the prior quarter.

[1] Represents a non-GAAP financial measure. For additional details, see the "Use of Non-GAAP Financial Measures" section of this release and reconciliations to the comparable GAAP financial measure included in this release or Huntington's Quarterly Financial Supplement.

•Common Equity Tier 1 (CET1) risk-based capital ratio was 10.0%, at June 30, 2026, compared to 10.2% at the prior quarter end. Adjusted Common Equity Tier 11, including the impact of AOCI, excluding cash flow hedges, was 9.0%, compared to 9.2% at the prior quarter end.

•Tangible common equity (TCE)1 ratio of 7.1%, up slightly from the prior quarter end and up from 6.6% a year ago.

•Tangible book value per share1 of $9.65, up $0.10, or 1%, from the prior quarter and up $0.52, or 6%, from a year ago.

•Repurchased $159 million of common shares in the second quarter, and $309 million of common shares year-to-date, representing approximately 19 million shares repurchased year‑to‑date.

COLUMBUS, Ohio – Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2026 second quarter of $727 million, or $0.33 per common share, an increase of $204 million, or 39%, from the prior quarter, and an increase of $191 million, or 36%, from the year-ago quarter, inclusive of $152 million of pre-tax Notable Items in the 2026 second quarter due to acquisition-related expenses.

Return on average assets was 1.02%, return on average common equity was 9.3%, and return on average tangible common equity (ROTCE)1 was 15.1% for the quarter, or 17.5% adjusted for Notable Items.

CEO Commentary:

“Building on a strong start to the year, Huntington delivered another solid quarter driven by disciplined execution and continued performance across our franchise,” said Steve Steinour, chairman, president, and CEO. “Growth in our legacy organization was outstanding, credit remains strong, and we are seeing early revenue synergies in Cadence markets. Our pipelines are robust as we enter the second half of 2026 and the operating environment remains constructive.”

“We delivered these results while executing a very successful Cadence systems conversion in June, marking the last major milestone in the integration. We have been very pleased with positive customer and colleague engagement. With the Veritex, Janney & TM Capital, and Cadence integrations behind us, we are well positioned to deliver the full economic benefits of our combined company. We have strong line of sight to the remaining cost synergies and we are actively driving revenue synergies. By the fourth quarter, the full earnings power of these partnerships will be clearly evident.

“Our balance sheet remains a source of strength, as demonstrated by our recent CCAR stress test results, and we are confident in our outlook. Supported by strong underlying business momentum and a differentiated super-regional model, we are positioned to achieve our financial targets, including sustained growth of earnings and tangible book value, and attractive returns for our shareholders.

Table 1 – Earnings Performance Summary


	2026						2025
(in millions, except per share data)	Second			First			Fourth			Third			Second
	Quarter			Quarter			Quarter			Quarter			Quarter
Net income attributable to Huntington	$	727		$	523		$	519		$	629		$	536
Diluted earnings per common share	0.33			0.25			0.30			0.41			0.34

Return on average assets	1.02		%	0.81		%	0.93		%	1.19		%	1.04		%
Return on average common equity	9.3			7.2			8.9			12.4			11.0
Return on average tangible common equity	15.1			11.6			12.7			17.8			16.1
Net interest margin	3.21			3.24			3.15			3.13			3.11
Efficiency ratio	61.5			67.2			64.2			57.4			59.0

Tangible book value per common share	$	9.65		$	9.55		$	9.89		$	9.54		$	9.13
Cash dividends declared per common share	0.155			0.155			0.155			0.155			0.155

Average earning assets	$	258,600		$	238,973		$	202,511		$	192,732		$	191,092
Average loans and leases	189,255			174,216			146,607			135,944			133,171
Average total deposits	223,403			204,616			173,156			164,812			163,429

Tangible common equity / tangible assets ratio	7.1		%	7.0		%	7.1		%	6.8		%	6.6		%
Common equity Tier 1 risk-based capital ratio (1)	10.0			10.2			10.4			10.6			10.5

NCOs as a % of average loans and leases	0.25		%	0.26		%	0.24		%	0.22		%	0.20		%
NAL ratio	0.84			0.71			0.62			0.59			0.62
ACL as a % of total loans and leases	1.78			1.78			1.83			1.86			1.86

(1)June 30, 2026 figure is estimated.

Table 2 lists certain items that we believe are important to understanding corporate performance and trends (see Basis of Presentation).

Table 2 – Notable Items Influencing Earnings


			Pretax Impact (1)		After-tax Impact (1)
($ in millions, except per share)			Amount			Net Income		EPS (2)
Three Months Ended June 30, 2026
	Net income and EPS (GAAP)					$	727	$	0.33
	•	Acquisition-related expenses	$	(152)		(116)		(0.06)
	Adjusted net income and EPS (non-GAAP)					$	843	$	0.39
Three Months Ended March 31, 2026
	Net income and EPS (GAAP)					$	523	$	0.25
	•	Acquisition-related expenses	$	(263)		(210)		(0.11)
	•	CECL double count (3)	(8)			(6)		(0.01)
	Adjusted net income and EPS (non-GAAP)					$	739	$	0.37














Three Months Ended June 30, 2025
	Net income and EPS (GAAP)					$	536	$	0.34
	•	FDIC Deposit Insurance Fund (DIF) special assessment (4)	$	3		2		—
	•	Staffing efficiencies expense (5)	(6)			(5)		(0.01)
	Adjusted net income and EPS (non-GAAP)					$	539	$	0.35

(1)Favorable (unfavorable) impact.

(2)EPS reflected on a fully diluted basis.

(3)Represents CECL day 1 provision for credit losses associated with certain acquired Cadence loans that are scoped out of ASU 2025-08, which Huntington adopted on October 1, 2025.

(4)Represents the updated estimates on the uninsured deposit losses and recoverable assets related to the FDIC DIF special assessment. These amounts are recorded in deposit and other insurance expense.

(5)Staffing efficiencies include severance expense recorded in personnel costs.

Net Interest Income, Net Interest Margin, and Average Balance Sheet

Table 3 – Net Interest Income and Total Revenue


	2026				2025
($ in millions)	Second		First		Fourth		Third		Second		Change (%)
	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Net interest income	$	2,052	$	1,891	$	1,592	$	1,506	$	1,467	9	%	40	%
FTE adjustment	20		19		17		17		16		5		25
Net interest income - FTE (1)	2,072		1,910		1,609		1,523		1,483		8		40
Noninterest income	785		682		582		628		471		15		67
Total revenue - FTE (1)	$	2,857	$	2,592	$	2,191	$	2,151	$	1,954	10	%	46	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.

Table 4 – Net Interest Margin Summary


	2026				2025
	Second		First		Fourth		Third		Second		Change (bp)
Yield / Rate (1)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ	YOY
Total earning assets	5.28	%	5.27	%	5.25	%	5.39	%	5.40	%	1	(12)
Total loans and leases	5.84		5.82		5.84		5.96		5.91		2	(7)
Total investment and other securities	3.47		3.48		3.46		3.72		3.95		(1)	(48)
Total interest-bearing liabilities	2.59		2.53		2.65		2.81		2.85		6	(26)
Total interest-bearing deposits	2.29		2.21		2.28		2.43		2.46		8	(17)

Net interest rate spread	2.69		2.74		2.60		2.58		2.55		(5)	14
Impact of noninterest-bearing funds on margin	0.52		0.50		0.55		0.55		0.56		2	(4)
Net interest margin	3.21	%	3.24	%	3.15	%	3.13	%	3.11	%	(3)	10

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See Page 9 of Quarterly Financial Supplement for additional yield/rate detail.

Fully-taxable equivalent (FTE) net interest income for the 2026 second quarter increased $589 million, or 40%, from the 2025 second quarter. The results primarily reflect a $67.5 billion, or 35%, increase in average earning assets and a 10 basis point increase in the net interest margin (NIM) to 3.21%, partially offset by a $53.0 billion, or 35%, increase in average interest-bearing liabilities. The increases in average earning assets and interest-bearing liabilities were attributable to a combination of the Cadence and Veritex acquisitions and organic growth. The 10 basis point increase in NIM largely reflected a decrease in funding costs, partially offset by lower yields on interest-earning assets.

Compared to the 2026 first quarter, FTE net interest income increased $162 million, or 8%, driven by an increase in average earning assets of $19.6 billion, or 8%, partially offset by an increase in average interest-bearing liabilities of $15.2 billion, or 8%, and a decrease in NIM of 3 basis points to 3.21%. The increases in average earning assets and interest-bearing liabilities were largely attributable to the Cadence acquisition. The 3 basis point decrease to NIM reflected a modest increase in overall funding costs.

Table 5 – Average Earning Assets


	2026				2025
($ in billions)	Second		First		Fourth		Third		Second		Change (%)
	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Total loans and leases:
Commercial and industrial	$	90.4	$	81.5	$	67.4	$	61.4	$	59.4	11	%	52	%
Commercial real estate	23.9		21.1		14.3		10.7		10.8		13		122
Lease financing	5.7		5.8		5.5		5.5		5.5		—		5
Total commercial	120.0		108.4		87.1		77.6		75.6		11		59

Residential mortgage	33.5		30.4		25.1		24.5		24.4		10		37
Automobile	15.7		16.1		16.1		15.7		15.1		(3)		3
Home equity	11.9		11.3		10.4		10.3		10.2		5		16
RV and marine	5.6		5.6		5.7		5.9		5.9		0		(5)
Other consumer	2.5		2.4		2.1		2.0		1.9		7		37
Total consumer	69.2		65.8		59.5		58.3		57.5		5		20
Total loans and leases	189.3		174.2		146.6		135.9		133.2		9		42
Total investment and other securities	50.9		47.7		42.6		43.4		44.3		7		15
Interest-earning deposits with banks	17.0		15.6		12.2		11.8		12.3		9		38
Other earning assets (1)	1.5		1.4		1.0		1.5		1.4		2		6
Total earning assets	$	258.6	$	239.0	$	202.5	$	192.7	$	191.1	8	%	35	%

(1)Includes trading account assets and loans held for sale.

See Page 7 of Quarterly Financial Supplement for additional detail.

Average earning assets include the impact from the Cadence acquisition, which was completed on February 1, 2026, and the Veritex acquisition, which was completed on October 20, 2025. The Cadence acquisition added $36.9 billion of loans as of the acquisition date, including $17.4 billion of commercial and industrial loans, $9.4 billion of commercial real estate loans, $131 million of lease financing loans, $8.2 billion of residential mortgage loans, $1.5 billion of home equity loans, and $264 million of other consumer loans. The Veritex acquisition added $9.3 billion of loans as of the acquisition date, including $4.0 billion of commercial and industrial loans, $4.2 billion of commercial real estate loans, and $1.1 billion of residential mortgage loans.

Average earning assets for the 2026 second quarter increased $67.5 billion, or 35%, from the year-ago quarter, primarily reflecting a $56.1 billion, or 42%, increase in average total loans and leases. Average loan and lease balance increases were led by growth in average commercial loans of $44.4 billion, or 59%, primarily driven by a $31.0 billion, or 52%, increase in average commercial and industrial loans and a $13.1 billion, or 122%, increase in average commercial real estate loans. Additionally, average consumer loans increased by $11.7 billion, or 20%, primarily driven by a $9.1 billion, or 37% increase in average residential mortgage loans, a $1.7 billion, or 16%, increase in average home equity loans, and a $518 million, or 3%, increase in average automobile loans.

Compared to the 2026 first quarter, average earning assets increased $19.6 billion, or 8%, primarily reflecting a $15.0 billion, or 9%, increase in average total loans and leases. Average loan and lease balance increases were led by higher average commercial loan balances of $11.6 billion, or 11%, primarily driven by a $8.8 billion, or 11%, increase in average commercial and industrial loans and a $2.8 billion, or 13%, increase in average commercial real estate loans. Additionally, average consumer loans increased $3.4 billion, or 5%, primarily driven by a $3.1 billion, or 10%, increase in average residential mortgage and a $553 million, or 5%, increase in average home equity loans.

Table 6 – Average Liabilities


	2026				2025
	Second		First		Fourth		Third		Second		Change (%)
($ in billions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Total deposits:
Demand deposits - noninterest-bearing	$	40.0	$	35.5	$	30.8	$	29.0	$	29.2	13	%	37	%
Demand deposits - interest-bearing	62.4		53.0		47.2		46.0		44.7		18		40
Total demand deposits	102.4		88.5		78.0		75.0		73.9		16		39
Money market deposits	75.3		75.2		65.2		62.0		61.1		—		23
Savings deposits	18.9		18.0		15.4		15.0		15.1		5		25
Time deposits	26.8		22.9		14.7		12.8		13.3		17		101
Total deposits	$	223.4	$	204.6	$	173.2	$	164.8	$	163.4	9	%	37	%

Short-term borrowings	$	1.9	$	1.7	$	0.9	$	1.3	$	1.3	8	%	50	%
Long-term debt	21.0		20.2		17.3		17.4		17.8		4		18
Total debt	$	22.9	$	22.0	$	18.2	$	18.7	$	19.1	4	%	20	%

Total interest-bearing liabilities	$	206.3	$	191.1	$	160.6	$	154.5	$	153.2	8	%	35	%
Total liabilities	251.9		232.2		196.3		188.3		187.3		8		35

See Page 7 of Quarterly Financial Supplement for additional detail.

Average liabilities also include the impact from both the Cadence and Veritex acquisitions. The Cadence acquisition added $43.5 billion of deposits as of the acquisition date, including $8.8 billion of noninterest-bearing deposits and $34.7 billion of interest-bearing deposits comprised largely of time deposits, money market, and demand deposit balances. The Veritex acquisition added $10.5 billion of deposits as of the acquisition date, including $2.4 billion of noninterest-bearing deposits and $8.1 billion of interest-bearing deposits largely comprised of money market account balances. Following completion of the acquisitions, certain higher-cost Cadence and Veritex deposits were allowed to run-off in order to optimize Huntington's funding mix.

Average total liabilities for the 2026 second quarter increased $64.6 billion, or 35%, from the year-ago quarter, driven by increases in average total deposits of $60.0 billion, or 37%, and in average total debt of $3.8 billion, or 20%.

Compared to the 2026 first quarter, average total liabilities increased $19.6 billion, driven by an increase in average total deposits of $18.8 billion, or 9%, and in average total debt of $723 million, or 4%.

Noninterest Income

Table 7 – Noninterest Income


	2026				2025
	Second		First		Fourth		Third		Second		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Payments and cash management revenue	$	204	$	187	$	170	$	174	$	165	9	%	24	%
Wealth and asset management revenue	134		120		102		104		102		12		31
Customer deposit and loan fees	128		110		107		102		95		16		35
Capital markets and advisory fees	140		132		101		94		84		6		67
Mortgage banking income	53		32		39		43		28		66		89
Insurance income	21		21		22		20		19		—		11
Leasing revenue	29		13		19		23		10		123		190
Net gains (losses) on sales of securities	2		13		—		—		(58)		NM		NM
Other noninterest income	74		54		22		68		26		37		185
Total noninterest income	$	785	$	682	$	582	$	628	$	471	15	%	67	%

Impact of Notable Item:
Gain on sale of a portion of corporate trust and custody business (other noninterest income)	$	—	$	—	$	—	$	24	$	—	—		—
Total adjusted noninterest income (Non-GAAP)	$	785	$	682	$	582	$	604	$	471	15	%	67	%

Additional information:
Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income)	$	8	$	7	$	(3)	$	(2)	$	(5)	NM		NM

NM - Not Meaningful

Total noninterest income for the 2026 second quarter, inclusive of the impact of the Cadence and Veritex acquisitions, increased $314 million, or 67%, from the year-ago quarter. Capital markets and advisory fees increased $56 million, or 67%, primarily due to higher advisory fees from the legacy business and the impact of Janney and TM Capital, in addition to higher syndication fees. Payments and cash management revenue increased $39 million, or 24%, driven by higher cash management and interchange revenue. Customer deposit and loan fees increased $33 million, or 35%, primarily due to an increase in commitment fees and the volume of personal service charges. Wealth and asset management revenue increased $32 million, or 31%, largely due to higher investment management and trust income. Mortgage banking income increased $25 million, or 89%, primarily due to an increase in net origination and secondary marketing income. Other noninterest income increased $48 million largely due to the net impact of credit risk transfer transactions, favorable valuation changes on strategic and other investments, and an increase in bank owned life insurance income. Lastly, the 2025 second quarter results included a $58 million loss from the sale of certain investment securities as part of ongoing portfolio positioning.

Total noninterest income for the 2026 second quarter, inclusive of the full quarter impact of the Cadence acquisition, increased $103 million, or 15%, compared to the 2026 first quarter. Mortgage banking income increased $21 million, or 66%, primarily due to a reduction in net mortgage servicing rights (MSR) risk management costs and an increase in net origination and secondary marketing income. Customer deposit and loans fees increased $18 million, or 16%, primarily due to increases in loan commitment fees and the volume of personal service charges. Payments and cash management revenue increased $17 million, or 9%, largely due to higher interchange revenue. Leasing revenue increased $16 million due to an increase in income on terminated leases. Other noninterest income increased $20 million largely due to favorable valuation changes for strategic investment and other investments.

Noninterest Expense

Table 8 – Noninterest Expense


	2026				2025
	Second		First		Fourth		Third		Second		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Personnel costs	$	1,010	$	992	$	845	$	757	$	722	2	%	40	%
Outside data processing and other services	326		311		222		198		182		5		79
Equipment	96		93		67		66		68		3		41
Net occupancy	90		85		56		57		54		6		67
Professional services	31		44		80		31		22		(30)		41
Marketing	38		37		36		34		28		3		36
Deposit and other insurance expense	38		35		(1)		9		20		9		90
Amortization of intangibles	54		41		13		11		11		32		391
Lease financing equipment depreciation	2		3		3		4		2		(33)		—
Other noninterest expense	124		133		99		79		88		(7)		41
Total noninterest expense	$	1,809	$	1,774	$	1,420	$	1,246	$	1,197	2	%	51	%
(in thousands)
Average full-time equivalent employees	26.4		24.6		20.9		20.2		20.2		7	%	31	%

NM - Not Meaningful

Table 9 - Impact of Notable Items


	2026				2025
	Second		First		Fourth		Third		Second
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter
Personnel costs	$	38	$	97	$	50	$	—	$	6
Outside data processing and other services	74		88		29		3		—
Equipment	15		19		2		1		—
Net occupancy	2		2		—		—		—
Professional services	4		18		57		9		—
Marketing	8		6		3		—		—
Deposit and other insurance expense	7		—		(23)		(6)		(3)


Other noninterest expense	4		33		12		1		—
Total noninterest expense	$	152	$	263	$	130	$	8	$	3
Acquisition-related expenses included in Notable Items	$	152	$	263	$	154	$	14	$	—

Notable Items in the second quarter of 2026 included $152 million of acquisition-related expenses primarily included in outside data processing and other services, personnel costs, and equipment expense. Notable Items in the first quarter of 2026 included $263 million of acquisition-related expenses primarily included in personnel costs, outside data processing and other services, and other noninterest expense. Notable Items in the second quarter of 2025 included $6 million of expense related to staffing efficiencies, as well as a $3 million benefit from ongoing adjustments related to the FDIC DIF special assessment.

Table 10 - Adjusted Noninterest Expense (Non-GAAP)


	2026				2025
	Second		First		Fourth		Third		Second		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Personnel costs	$	972	$	895	$	795	$	757	$	716	9	%	36	%
Outside data processing and other services	252		223		193		195		182		13		38
Equipment	81		74		65		65		68		9		19
Net occupancy	88		83		56		57		54		6		63
Professional services	27		26		23		22		22		4		23
Marketing	30		31		33		34		28		(3)		7
Deposit and other insurance expense	31		35		22		15		23		(11)		35
Amortization of intangibles	54		41		13		11		11		32		391
Lease financing equipment depreciation	2		3		3		4		2		(33)		0
Other noninterest expense	120		100		87		78		88		20		36
Total adjusted noninterest expense	$	1,657	$	1,511	$	1,290	$	1,238	$	1,194	10	%	39	%

Reported total noninterest expense for the 2026 second quarter increased $612 million, or 51%, from the year-ago quarter. Excluding the impact from Notable Items, noninterest expense increased $463 million, or 39%, inclusive of the impact of the Cadence and Veritex acquisitions. Personnel costs increased $256 million, or 36%, due to higher salary, benefit, and incentive compensation expense. Outside data processing and other services increased $70 million, or 38%, primarily reflecting higher technology and data expense. Amortization of intangibles increased $43 million primarily due to the impact from the addition of core deposit intangibles from the acquisitions. Net occupancy increased $34 million, or 63%, largely due to increases in lease and depreciation expense. Other noninterest expense increased $32 million, or 36%, primarily due to an increased volume of expense activity driven by the impact of the acquisitions.

Reported total noninterest expense increased $35 million, or 2%, from the 2026 first quarter. Excluding the impact from Notable Items, noninterest expense increased $146 million, or 10%, inclusive of the full quarter impact of the Cadence acquisition. Personnel costs increased $77 million, or 9%, due primarily to higher salary and incentive compensation expense. Outside data processing and other services increased $29 million, or 13%, primarily reflecting higher technology and data expense. Other noninterest expense increased $20 million, or 20%, due largely to higher travel expenses and franchise and other taxes.

Credit Quality

Table 11 – Credit Quality Metrics


	2026						2025
($ in millions)	June 30,			March 31,			December 31,			September 30,			June 30,
Total nonaccrual loans and leases	$	1,589		$	1,332		$	931		$	808		$	842
Total other real estate, net	23			22			13			10			10
Other NPAs (1)	—			3			1			3			—
Total nonperforming assets	1,612			1,357			945			821			852
Accruing loans and leases past due 90+ days	443			421			282			234			241
NPAs + accruing loans & leases past due 90+ days	$	2,055		$	1,778		$	1,227		$	1,055		$	1,093
NAL ratio (2)	0.84		%	0.71		%	0.62		%	0.59		%	0.62		%
NPA ratio (3)	0.85			0.72			0.63			0.60			0.63
(NPAs+90 days)/(Loans+OREO)	1.08			0.94			0.82			0.76			0.81


Provision for credit losses	$	132		$	158		$	123		$	122		$	103
Net charge-offs	119			111			89			75			66
Net charge-offs / Average total loans and leases	0.25		%	0.26		%	0.24		%	0.22		%	0.20		%
Allowance for loans and lease losses (ALLL)	$	3,249		$	3,243		$	2,537		$	2,374		$	2,331
Allowance for unfunded lending commitments	132			125			206			188			184
Allowance for credit losses (ACL)	$	3,381		$	3,368		$	2,743		$	2,562		$	2,515
ALLL as a % of:
Total loans and leases	1.72		%	1.72		%	1.70		%	1.72		%	1.73		%
NALs	204			243			272			294			277
NPAs	202			239			269			289			274
ACL as a % of:
Total loans and leases	1.78		%	1.78		%	1.83		%	1.86		%	1.86		%
NALs	213			253			295			317			299
NPAs	210			248			290			312			295

(1)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.

(2)Total NALs as a % of total loans and leases.

(3)Total NPAs as a % of sum of loans and leases, other real estate owned, and other NPAs.

See Pages 12-15 of Quarterly Financial Supplement for additional detail.

Nonperforming assets (NPAs) were $1.6 billion, or 0.85%, of total loans and leases, OREO and other NPAs, compared to $852 million, or 0.63%, a year-ago. Nonaccrual loans and leases (NALs) were $1.6 billion, or 0.84% of total loans and leases, compared to $842 million, or 0.62% of total loans and leases, a year-ago. The increase in NPAs, compared to a year-ago, was driven by increases in commercial and industrial, residential mortgage, and commercial real estate NALs, including NALs acquired as part of the Cadence and Veritex transactions. On a linked quarter basis, NPAs increased $255 million, or 19%, and NALs increased $257 million, or 19%, with the increases primarily driven by an increase in commercial and industrial, residential mortgage, and commercial real estate NALs.

The provision for credit losses was $132 million in the 2026 second quarter, an increase of $29 million year-over-year and a decrease of $26 million quarter-over-quarter. Net charge-offs (NCOs) of $119 million increased $53 million year-over-year and $8 million quarter-over-quarter. NCOs represented an annualized 0.25% of average loans and leases in the current quarter, up from 0.20% in the year-ago quarter and down from 0.26% in the prior quarter. Commercial and consumer net charge-offs were 0.22% and 0.30%, respectively, for the 2026 second quarter.

The allowance for loan and lease losses (ALLL) increased $918 million from the year-ago quarter to $3.2 billion, or 1.72% of total loans and leases. The allowance for credit losses (ACL) increased by $866 million from the year-ago quarter to $3.4 billion, or 1.78% of total loans and leases, consistent with the prior quarter and 8 basis points lower than the year-ago quarter. The increases in the ALLL and ACL were primarily driven by increases recorded for loans acquired in the Cadence and Veritex transactions, as well as loan growth over the past year.

Capital

Table 12 – Capital Ratios


	2026						2025
($ in billions)	June 30,			March 31,			December 31,			September 30,			June 30,
Tangible common equity / tangible assets ratio	7.1		%	7.0		%	7.1		%	6.8		%	6.6		%
Common equity tier 1 risk-based capital ratio (1)	10.0			10.2			10.4			10.6			10.5
Regulatory Tier 1 risk-based capital ratio (1)	11.3			11.6			12.0			12.4			11.8
Regulatory Total risk-based capital ratio (1)	13.6			13.8			14.2			14.7			14.1
Total risk-weighted assets (1)	$	214.2		$	208.1		$	166.7		$	150.2		$	148.6

(1)June 30, 2026 figures are estimated.

See Pages 16-17 of Quarterly Financial Supplement for additional detail.

The tangible common equity to tangible assets ratio was 7.1% at June 30, 2026, up slightly from 7.0% at March 31, 2026, as an increase in tangible common equity from current period earnings, net of dividends, and a decline in tangible assets driven by lower interest-earning deposits with banks, were partially offset by common share repurchases and a decline in accumulated other comprehensive income. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.0% at June 30, 2026, compared to 10.2% at March 31, 2026, with the decrease driven by higher risk-weighted assets and the impact of share repurchases being partially offset by an increase from current period earnings, net of dividends.

Income Taxes

The provision for income taxes was $165 million in the 2026 second quarter compared to $114 million in the 2026 first quarter. The effective tax rate for the 2026 second quarter was 18.4%, compared to 17.8% for the 2026 first quarter. The increase in the effective tax rate was primarily driven by acquisition-related activity in the prior quarter.

Conference Call / Webcast Information

Huntington’s senior management will host an earnings conference call on July 23, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13761371. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through July 31, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13761371.

Please see the 2026 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com.

About Huntington

Huntington Bancshares Incorporated is a $284 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

Caution Regarding Forward-Looking Statements

All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the "Forward-Looking Statements" and "Risk Factors" of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2026, as filed with the SEC and available on its website at www.sec.gov.

Basis of Presentation

Use of Non-GAAP Financial Measures

This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this document, the financial supplement, conference call slides, or the Form 8-K related to this document, all of which can be found in the Investor Relations section of Huntington’s website, http://www.huntington.com.

Annualized Data

Certain returns, yields, performance ratios, or quarterly growth rates are presented on an “annualized” basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.

Fully-Taxable Equivalent Interest Income and Net Interest Margin

Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities, and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.

Rounding

Please note that items in this document may not add due to rounding.

Notable Items

From time to time, revenue, expenses, or taxes are impacted by items judged by management to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management at that time to be infrequent or short term in nature. We refer to such items as “Notable Items.” Management believes it is useful to consider certain financial metrics with and without Notable Items, in order to enable a better understanding of company results, increase comparability of period-to-period results, and to evaluate and forecast those results.

EX-99.2 3 hban20260630_8kex992.htm EX-99.2 Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

June 30, 2026

Table of Contents


Quarterly Key Statistics			1

Year-to-Date Key Statistics			2

Consolidated Balance Sheets			4

Loans and Leases Composition			5

Deposits Composition			6

Consolidated Quarterly Average Balance Sheets			7

Consolidated Quarterly Net Interest Margin - Interest Income / Expense			8

Consolidated Quarterly Net Interest Margin - Yield / Rate			9

Selected Quarterly Income Statement Data			10

Quarterly Mortgage Banking Noninterest Income			11

Quarterly Credit Reserves Analysis			12

Quarterly Net Charge-Off Analysis			13

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			14

Quarterly Accruing Past Due Loans and Leases			15

Quarterly Capital Under Current Regulatory Standards (Basel III)			16

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data			17

Consolidated Year-to-Date Average Balance Sheets			19

Consolidated Year-to-Date Net Interest Margin - Interest Income / Expense			20

Consolidated Year-to-Date Net Interest Margin - Yields / Rates			21

Selected Year-to-Date Income Statement Data			22

Year-to-Date Mortgage Banking Noninterest Income			23

Year-to-Date Credit Reserves Analysis			24

Year-to-Date Net Charge-Off Analysis			25

Year-to-Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			26

Basis of Presentation

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates.

Non-GAAP Financial Measures

This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding our results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found herein.

Fully-Taxable Equivalent (FTE) Basis

Interest income, yields, and ratios on a FTE basis are considered non-GAAP financial measures. Management believes net interest income on a FTE basis provides a more accurate picture of the interest margin for comparison purposes. The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The FTE basis assumes a federal statutory tax rate of 21%.

Non-Regulatory Capital Ratios

In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:

•Tangible common equity to tangible assets,

•Tangible common equity to risk-weighted assets using Basel III definition, and

•Adjusted common equity tier 1 (CET1).

These non-regulatory capital ratios are viewed by management as useful additional methods of reflecting the level of capital available to withstand unexpected market conditions. Additionally, presentation of these ratios allows readers to compare the Company’s capitalization to other financial services companies. The tangible common equity ratios differ from capital ratios defined by banking regulators principally in that the numerator excludes preferred securities, the nature and extent of which varies among different financial services companies. The adjusted CET1 ratio differs from the defined CET1 regulatory capital ratio the Company is subject to by including the impact of accumulated other comprehensive income (loss) (AOCI) excluding cash flow hedges in the calculation of the capital ratio. These ratios are not defined in GAAP or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.

Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in the related press release in their entirety, and not to rely on any single financial measure.

Notable Items

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	June 30,			March 31,			June 30,			Percent Changes vs.
	2026			2026			2025			1Q26		2Q25
Net interest income - FTE (1)	$	2,072		$	1,910		$	1,483		8	%	40	%
FTE adjustment	(20)			(19)			(16)			(5)		(25)
Net interest income	2,052			1,891			1,467			9		40
Provision for credit losses	132			158			103			(16)		28
Noninterest income	785			682			471			15		67
Noninterest expense	1,809			1,774			1,197			2		51
Income before income taxes	896			641			638			40		40
Provision for income taxes	165			114			96			45		72
Income after income taxes	731			527			542			39		35
Income attributable to non-controlling interest	4			4			6			—		(33)
Net income attributable to Huntington	727			523			536			39		36
Dividends on preferred shares	41			41			27			—		52

Net income applicable to common shares	$	686		$	482		$	509		42	%	35	%

Net income per common share - diluted	$	0.33		$	0.25		$	0.34		32	%	(3)	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period (2)	9.65			9.55			9.13			1		6

Average common shares - basic	2,021			1,869			1,457			8		39
Average common shares - diluted	2,048			1,901			1,481			8		38
Ending common shares outstanding	2,020			2,027			1,459			—		38
Return on average assets	1.02		%	0.81		%	1.04		%
Return on average common shareholders’ equity	9.3			7.2			11.0
Return on average tangible common shareholders’ equity (3)	15.1			11.6			16.1
Net interest margin (1)	3.21			3.24			3.11
Efficiency ratio (4)	61.5			67.2			59.0
Effective tax rate	18.4			17.8			15.0
Average total assets	$	284,481		$	262,170		$	207,852		9	%	37	%
Average earning assets	258,600			238,973			191,092			8		35
Average loans and leases	189,255			174,216			133,171			9		42

Average total deposits	223,403			204,616			163,429			9		37
Average Huntington shareholders’ equity	32,555			29,896			20,548			9		58
Average common shareholders' equity	29,675			27,050			18,559			10		60
Average tangible common shareholders' equity	19,404			18,024			12,935			8		50
Total assets at end of period	283,984			285,372			207,742			—		37
Total Huntington shareholders’ equity at end of period	32,624			32,535			20,928			—		56

NCOs as a % of average loans and leases	0.25		%	0.26		%	0.20		%
NAL ratio	0.84			0.71			0.62
NPA ratio (5)	0.85			0.72			0.63
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.72			1.72			1.73
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.78			1.78			1.86
Common equity tier 1 risk-based capital ratio (6)	10.0			10.2			10.5
Tangible common equity / tangible asset ratio (7)	7.1			7.0			6.6

See Notes to Quarterly and Year-to-Date Key Statistics.

Huntington Bancshares Incorporated

Year-to-Date Key Statistics

(Unaudited)


	Six Months Ended June 30,						Change
(dollar amounts in millions, except per share data)	2026			2025			Amount		Percent
Net interest income - FTE (1)	$	3,982		$	2,924		$	1,058	36	%
FTE adjustment	(39)			(31)			(8)		(26)
Net interest income	3,943			2,893			1,050		36
Provision for credit losses	290			218			72		33
Noninterest income	1,467			965			502		52
Noninterest expense	3,583			2,349			1,234		53
Income before income taxes	1,537			1,291			246		19
Provision for income taxes	279			218			61		28
Income after income taxes	1,258			1,073			185		17
Income attributable to non-controlling interest	8			10			(2)		(20)
Net income attributable to Huntington	1,250			1,063			187		18
Dividends on preferred shares	82			54			28		52

Net income applicable to common shares	$	1,168		$	1,009		$	159	16	%

Net income per common share - diluted	$	0.59		$	0.68		$	(0.09)	(13)	%
Cash dividends declared per common share	0.31			0.31			—		—
Average common shares - basic	1,946			1,456			490		34
Average common shares - diluted	1,975			1,482			493		33
Return on average assets	0.92		%	1.04		%
Return on average common shareholders’ equity	8.3			11.1
Return on average tangible common shareholders’ equity (3)	13.4			16.4
Net interest margin (1)	3.23			3.11
Efficiency ratio (4)	64.2			58.9
Effective tax rate	18.1			16.8
Average total assets	$	273,387		$	206,477		$	66,910	32	%
Average earning assets	248,841			189,703			59,138		31
Average loans and leases	181,777			132,023			49,754		38
Average total deposits	214,061			162,519			51,542		32

Average Huntington shareholders’ equity	31,233			20,274			10,959		54
Average common shareholders' equity	28,370			18,285			10,085		55
Average tangible common shareholders' equity	18,718			12,657			6,061		48

NCOs as a % of average loans and leases	0.25		%	0.23		%

See Notes to Quarterly and Year-to-Date Key Statistics.

Notes to Quarterly and Year-to-Date Key Statistics

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.

(2)Tangible book value per common share, a non-GAAP measure, is calculated as tangible common shareholders' equity divided by period end common shares outstanding.

(3)Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.

(4)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses), which represents a non-GAAP measure.

(5)NPAs include other nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.

(6)June 30, 2026 figure is estimated.

(7)Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets), which represents a non-GAAP measure. Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate. See page 17 for reconciliation.

Huntington Bancshares Incorporated

Consolidated Balance Sheets


	At June 30,		At March 31,		At December 31,		Percent Changes vs.
(dollar amounts in millions)	2026		2026		2025		1Q26		4Q25
	(Unaudited)		(Unaudited)
Assets
Cash and due from banks	$	3,330	$	2,096	$	1,783	59	%	87	%


Interest-earning deposits with banks	12,714		17,579		12,295		(28)		3
Trading account assets	326		199		63		64		417
Available-for-sale securities	35,206		35,557		26,132		(1)		35
Held-to-maturity securities	14,384		14,768		15,258		(3)		(6)


Other securities	1,383		1,281		994		8		39
Loans held for sale	1,886		1,073		1,415		76		33
Loans and leases (1)	189,422		188,818		149,642		—		27
Allowance for loan and lease losses	(3,249)		(3,243)		(2,537)		—		(28)
Net loans and leases	186,173		185,575		147,105		—		27
Bank-owned life insurance	3,676		3,673		2,902		—		27
Accrued income and other receivables	2,960		2,197		2,621		35		13
Premises and equipment	2,171		2,138		1,321		2		64
Goodwill	9,527		9,527		5,997		—		59
Servicing rights and other intangible assets	1,691		1,727		752		(2)		125
Other assets	8,557		7,982		6,468		7		32
Total assets	$	283,984	$	285,372	$	225,106	—	%	26	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	222,466	$	223,482	$	176,610	—	%	26	%
Short-term borrowings	3,111		1,875		1,261		66	%	147	%
Long-term debt	18,738		21,594		17,221		(13)		9
Other liabilities	7,004		5,840		5,635		20		24
Total liabilities	251,319		252,791		200,727		(1)		25

Shareholders' equity
Preferred stock	2,881		2,881		2,731		—		5
Common stock	20		20		16		—		25
Capital surplus	25,150		25,273		17,244		—		46
Less treasury shares, at cost	(94)		(95)		(92)		1		(2)
Accumulated other comprehensive income (loss)	(2,213)		(2,059)		(1,908)		(7)		(16)
Retained earnings	6,880		6,515		6,351		6		8
Total Huntington shareholders’ equity	32,624		32,535		24,342		—		34
Non-controlling interest	41		46		37		(11)		11
Total equity	32,665		32,581		24,379		—		34
Total liabilities and equity	$	283,984	$	285,372	$	225,106	—	%	26	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000		2,250,000,000
Common shares outstanding	2,020,414,826		2,027,130,587		1,567,732,506
Treasury shares outstanding	7,152,410		7,269,138		7,187,541
Preferred stock, authorized shares	6,617,808		6,617,808		6,617,808
Preferred shares outstanding	891,900		891,900		885,000

(1)See page 5 for detail of loans and leases.

(2)See page 6 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2026				2026				2025				2025				2025
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	91,378	49	%	$	89,282	47	%	$	69,442	46	%	$	62,978	45	%	$	60,723	45	%



Commercial real estate	23,457		12		24,337		13		15,209		10		10,732		8		10,698		8
Lease financing	5,714		3		5,796		3		5,727		4		5,515		4		5,516		4
Total commercial	120,549		64		119,415		63		90,378		60		79,225		57		76,937		57
Consumer:
Residential mortgage	33,221		18		33,458		19		24,777		17		24,502		18		24,527		19
Automobile	15,460		8		15,953		8		16,168		11		15,996		12		15,382		11
Home equity	11,884		6		11,831		6		10,395		7		10,314		7		10,221		8
RV and marine	5,706		3		5,627		3		5,682		4		5,805		4		5,907		4
Other consumer	2,602		1		2,534		1		2,242		1		2,114		2		1,986		1
Total consumer	68,873		36		69,403		37		59,264		40		58,731		43		58,023		43
Total loans and leases	$	189,422	100	%	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%

Ending balances by business segment:
Consumer & Regional Banking	$	103,317	55	%	$	104,578	55	%	$	79,069	53	%	$	75,027	55	%	$	73,887	55	%
Commercial Banking	86,089		45		84,199		45		70,391		47		62,755		45		60,823		45



Treasury / Other	16		—		41		—		182		—		174		—		250		—
Total loans and leases	$	189,422	100	%	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%

Average balances by business segment:
Consumer & Regional Banking	$	104,270	55	%	$	95,969	55	%	$	77,908	53	%	$	74,306	55	%	$	73,154	55	%
Commercial Banking	84,706		45		78,029		45		68,388		47		61,373		45		59,806		45



Treasury / Other	279		—		218		—		311		—		265		—		211		—
Total loans and leases	$	189,255	100	%	$	174,216	100	%	$	146,607	100	%	$	135,944	100	%	$	133,171	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2026				2026				2025				2025				2025
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	40,129	18	%	$	40,839	18	%	$	32,205	18	%	$	28,596	17	%	$	28,656	18	%
Demand deposits - interest-bearing	62,395		28		61,086		27		48,510		27		46,056		28		45,468		28
Money market deposits	75,717		34		75,554		34		65,123		37		62,837		38		60,998		37
Savings deposits	18,820		9		18,971		9		15,426		9		14,986		9		15,112		9
Time deposits	25,405		11		27,032		12		15,346		9		12,737		8		13,146		8




Total deposits	$	222,466	100	%	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%






Ending balances by business segment:

Consumer & Regional Banking	$	150,687	68	%	$	153,000	69	%	$	117,188	66	%	$	110,043	67	%	$	111,926	68	%
Commercial Banking	62,713		28		60,775		27		50,657		29		47,651		28		43,691		27


Treasury / Other	9,066		4		9,707		4		8,765		5		7,518		5		7,763		5
Total deposits	$	222,466	100	%	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%









Average balances by business segment:

Consumer & Regional Banking	$	152,612	68	%	$	138,557	67	%	$	114,613	66	%	$	111,138	68	%	$	112,135	69	%
Commercial Banking	61,597		28		56,622		28		50,470		29		46,346		28		43,288		26


Treasury / Other	9,194		4		9,437		5		8,073		5		7,328		4		8,006		5
Total deposits	$	223,403	100	%	$	204,616	100	%	$	173,156	100	%	$	164,812	100	%	$	163,429	100	%

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Quarterly Average Balances (1)
	June 30,		March 31,		December 31,		September 30,		June 30,		Percent Changes vs.
(dollar amounts in millions)	2026		2026		2025		2025		2025		1Q26		2Q25
Assets:



Interest-earning deposits with banks	$	16,977	$	15,634	$	12,231	$	11,823	$	12,264	9	%	38	%
Trading account assets	281		235		112		629		634		20		(56)
Investment and other securities:
Available-for-sale securities:
Taxable	31,486		28,063		22,879		23,485		24,015		12		31
Tax-exempt	3,487		3,441		3,405		3,318		3,251		1		7
Total available-for-sale securities	34,973		31,504		26,284		26,803		27,266		11		28


Held-to-maturity securities - taxable	14,571		14,975		15,397		15,752		16,130		(3)		(10)





Other securities	1,369		1,219		949		888		881		12		55
Total investment and other securities	50,913		47,698		42,630		43,443		44,277		7		15
Loans held for sale	1,174		1,190		931		893		746		(1)		57
Loans and leases: (2)
Commercial:
Commercial and industrial	90,371		81,535		67,378		61,440		59,393		11		52



Commercial real estate	23,925		21,138		14,268		10,692		10,785		13		122
Lease financing	5,726		5,754		5,498		5,483		5,458		—		5
Total commercial	120,022		108,427		87,144		77,615		75,636		11		59
Consumer:
Residential mortgage	33,515		30,392		25,098		24,511		24,423		10		37
Automobile	15,650		16,056		16,114		15,693		15,132		(3)		3
Home equity	11,878		11,325		10,372		10,264		10,196		5		16
RV and marine	5,646		5,631		5,747		5,860		5,921		—		(5)
Other consumer	2,544		2,385		2,132		2,001		1,863		7		37
Total consumer	69,233		65,789		59,463		58,329		57,535		5		20
Total loans and leases	189,255		174,216		146,607		135,944		133,171		9		42
Total earning assets	258,600		238,973		202,511		192,732		191,092		8		35
Cash and due from banks	2,036		1,778		1,396		1,445		1,407		15		45
Goodwill and other intangible assets	10,468		9,175		6,043		5,625		5,640		14		86


All other assets	13,377		12,244		10,280		9,925		9,713		9		38
Total assets	$	284,481	$	262,170	$	220,230	$	209,727	$	207,852	9	%	37	%
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing	$	62,388	$	52,985	$	47,185	$	45,980	$	44,677	18	%	40	%
Money market deposits	75,309		75,216		65,182		62,009		61,090		—		23
Savings deposits	18,940		18,033		15,360		15,042		15,127		5		25
Time deposits	26,758		22,864		14,661		12,773		13,290		17		101




Total interest-bearing deposits	183,395		169,098		142,388		135,804		134,184		8		37
Short-term borrowings	1,887		1,745		897		1,267		1,261		8		50
Long-term debt	20,971		20,248		17,335		17,433		17,776		4		18
Total interest-bearing liabilities	206,253		191,091		160,620		154,504		153,221		8		35
Demand deposits - noninterest-bearing	40,008		35,518		30,768		29,008		29,245		13		37
All other liabilities	5,620		5,624		4,907		4,826		4,788		—		17
Total liabilities	251,881		232,233		196,295		188,338		187,254		8		35
Total Huntington shareholders’ equity	32,555		29,896		23,896		21,348		20,548		9		58
Non-controlling interest	45		41		39		41		50		10		(10)
Total equity	32,600		29,937		23,935		21,389		20,598		9		58
Total liabilities and equity	$	284,481	$	262,170	$	220,230	$	209,727	$	207,852	9	%	37	%

(1)Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

(2)Includes nonaccrual loans and leases.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Interest Income / Expense

(Unaudited)


	Quarterly Interest Income / Expense (1) (2)
	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2026		2026		2025		2025		2025
Assets


Interest-earning deposits with banks	$	156	$	141	$	124	$	134	$	139
Trading account assets	3		2		—		7		6
Investment and other securities:
Available-for-sale securities:
Taxable	285		258		212		246		278
Tax-exempt	43		42		43		41		41
Total available-for-sale securities	328		300		255		287		319
Held-to-maturity securities - taxable	97		99		103		105		107



Other securities	17		16		11		12		12
Total investment and other securities	442		415		369		404		438
Loans held for sale	19		18		14		15		12
Loans and leases:
Commercial:
Commercial and industrial	1,336		1,191		1,023		959		914



Commercial real estate	370		327		233		187		183
Lease financing	101		99		91		93		92
Total commercial	1,807		1,617		1,347		1,239		1,189
Consumer:
Residential mortgage	404		353		269		259		253
Automobile	229		232		241		234		219
Home equity	202		193		184		190		186
RV and marine	76		76		80		80		79
Other consumer	64		58		54		55		51
Total consumer	975		912		828		818		788
Total loans and leases	2,782		2,529		2,175		2,057		1,977
Total earning assets	$	3,402	$	3,105	$	2,682	$	2,617	$	2,572
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	285	$	246	$	227	$	235	$	223
Money market deposits	493		446		437		466		464
Savings deposits	39		30		19		13		11
Time deposits	231		198		137		116		124




Total interest-bearing deposits	1,048		920		820		830		822
Short-term borrowings	18		16		10		13		13
Long-term debt	264		259		243		251		254
Total interest-bearing liabilities	1,330		1,195		1,073		1,094		1,089
Net interest income	$	2,072	$	1,910	$	1,609	$	1,523	$	1,483

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 10 for the FTE adjustment.

(2)Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield / Rate

(Unaudited)


	Quarterly Average Yield / Rate (1)
	June 30,		March 31,		December 31,		September 30,		June 30,
	2026		2026		2025		2025		2025
Assets
Interest-earning deposits with banks	3.67	%	3.62	%	4.03	%	4.53	%	4.52	%
Trading account assets	3.97		3.70		2.58		4.03		3.72
Investment and other securities:
Available-for-sale securities:
Taxable	3.62		3.67		3.72		4.19		4.62
Tax-exempt	4.92		4.86		4.99		5.02		4.93
Total available-for-sale securities	3.75		3.80		3.88		4.29		4.66
Held-to-maturity securities - taxable	2.65		2.65		2.66		2.66		2.66



Other securities	5.00		5.17		4.86		5.15		5.85
Total investment and other securities	3.47		3.48		3.46		3.72		3.95
Loans held for sale	6.16		6.19		6.13		6.52		6.43
Loans and leases: (2)
Commercial:
Commercial and industrial	5.85		5.85		5.94		6.11		6.09



Commercial real estate	6.12		6.17		6.39		6.86		6.71
Lease financing	6.98		6.86		6.48		6.69		6.66
Total commercial	5.96		5.96		6.05		6.25		6.22
Consumer:
Residential mortgage	4.81		4.65		4.29		4.23		4.15
Automobile	5.87		5.86		5.93		5.92		5.82
Home equity	6.85		6.89		7.02		7.34		7.32
RV and marine	5.44		5.44		5.53		5.41		5.31
Other consumer	10.09		9.88		10.11		10.82		10.88
Total consumer	5.65		5.59		5.54		5.57		5.49
Total loans and leases	5.84		5.82		5.84		5.96		5.91
Total earning assets	5.28		5.27		5.25		5.39		5.40
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.83		1.88		1.91		2.02		2.00
Money market deposits	2.62		2.41		2.66		2.99		3.05
Savings deposits	0.83		0.68		0.47		0.35		0.28
Time deposits	3.46		3.50		3.69		3.60		3.74
Total interest-bearing deposits	2.29		2.21		2.28		2.43		2.46
Short-term borrowings	3.65		3.83		4.45		3.90		4.37
Long-term debt	5.06		5.09		5.61		5.75		5.69
Total interest-bearing liabilities	2.59		2.53		2.65		2.81		2.85

Net interest rate spread	2.69		2.74		2.60		2.58		2.55
Impact of noninterest-bearing funds on margin	0.52		0.50		0.55		0.55		0.56
Net interest margin	3.21	%	3.24	%	3.15	%	3.13	%	3.11	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.02	%	6.04	%	6.23	%	6.50	%	6.49	%
Impact of commercial loan derivatives	(0.06)		(0.08)		(0.18)		(0.25)		(0.27)
Total commercial - as reported	5.96	%	5.96	%	6.05	%	6.25	%	6.22	%
Average SOFR	3.62	%	3.66	%	4.00	%	4.33	%	4.32	%

Total cost of deposits (4)	1.88	%	1.82	%	1.88	%	2.00	%	2.02	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 10 for the FTE adjustment.

(2)Includes nonaccrual loans and leases.

(3)Yields/rates exclude the effects of hedge and risk management activities associated with the respective asset and liability categories.

(4)Includes noninterest-bearing and interest-bearing deposit balances.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	June 30,		March 31,		December 31,		September 30,		June 30,
	2026		2026		2025		2025		2025
Interest income	$	3,382	$	3,086	$	2,665	$	2,600	$	2,556
Interest expense	1,330		1,195		1,073		1,094		1,089
Net interest income	2,052		1,891		1,592		1,506		1,467
Provision for credit losses	132		158		123		122		103
Net interest income after provision for credit losses	1,920		1,733		1,469		1,384		1,364
Payments and cash management revenue	204		187		170		174		165
Wealth and asset management revenue	134		120		102		104		102
Customer deposit and loan fees	128		110		107		102		95
Capital markets and advisory fees	140		132		101		94		84
Mortgage banking income	53		32		39		43		28
Insurance income	21		21		22		20		19
Leasing revenue	29		13		19		23		10


Net gains (losses) on sales of securities	2		13		—		—		(58)
Other noninterest income	74		54		22		68		26
Total noninterest income	785		682		582		628		471
Personnel costs	1,010		992		845		757		722
Outside data processing and other services	326		311		222		198		182
Equipment	96		93		67		66		68
Net occupancy	90		85		56		57		54
Professional services	31		44		80		31		22
Marketing	38		37		36		34		28
Deposit and other insurance expense	38		35		(1)		9		20
Amortization of intangibles	54		41		13		11		11
Lease financing equipment depreciation	2		3		3		4		2
Other noninterest expense	124		133		99		79		88
Total noninterest expense	1,809		1,774		1,420		1,246		1,197
Income before income taxes	896		641		631		766		638
Provision for income taxes	165		114		108		133		96
Income after income taxes	731		527		523		633		542
Income attributable to non-controlling interest	4		4		4		4		6
Net income attributable to Huntington	727		523		519		629		536
Dividends on preferred shares	41		41		43		27		27

Net income applicable to common shares	$	686	$	482	$	476	$	602	$	509

Average common shares - basic	2,021		1,869		1,544		1,459		1,457
Average common shares - diluted	2,048		1,901		1,570		1,485		1,481

Per common share
Net income - basic	$	0.34	$	0.26	$	0.31	$	0.41	$	0.35
Net income - diluted	0.33		0.25		0.30		0.41		0.34
Cash dividends declared	0.155		0.155		0.155		0.155		0.155

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	2,052	$	1,891	$	1,592	$	1,506	$	1,467
FTE adjustment	20		19		17		17		16
Net interest income FTE (1)	2,072		1,910		1,609		1,523		1,483
Noninterest income	785		682		582		628		471
Total revenue FTE (1)	$	2,857	$	2,592	$	2,191	$	2,151	$	1,954

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			Percent Changes vs.
(dollar amounts in millions)	2026			2026			2025			2025			2025			1Q26		2Q25
Net origination and secondary marketing income	$	45		$	35		$	28		$	30		$	26		29	%	73	%
Net mortgage servicing income
Loan servicing income	32			32			26			26			26			—		23
Amortization of capitalized servicing	(24)			(21)			(20)			(17)			(18)			(14)		(33)
Operating income	8			11			6			9			8			(27)		—
MSR valuation adjustment (1)	2			(5)			13			(1)			—			140		100
Gains (losses) due to MSR hedging	(2)			(10)			(8)			4			(6)			80		67
Net MSR risk management	—			(15)			5			3			(6)			100		100
Total net mortgage servicing income	8			(4)			11			12			2			300		300
All other	—			1			—			1			—			(100)		—
Mortgage banking income	$	53		$	32		$	39		$	43		$	28		66	%	89	%

Mortgage origination volume	$	3,581		$	2,323		$	2,178		$	2,243		$	2,412		54	%	48	%
Mortgage origination volume for sale	1,964			1,457			1,421			1,516			1,508			35		30

Third party mortgage loans serviced (2)	$	43,419		$	42,796		$	34,407		$	34,370		$	33,925		1	%	28	%
Mortgage servicing rights (2)	752			735			593			576			567			2		33
MSR % of investor servicing portfolio (2)	1.73		%	1.72		%	1.72		%	1.67		%	1.67		%	1	%	4	%

(1)The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Allowance for loan and lease losses, beginning of period	$	3,243		$	2,537		$	2,374		$	2,331		$	2,263

Loan and lease charge-offs	(191)			(173)			(145)			(137)			(111)
Recoveries of loans and leases previously charged off	72			62			56			62			45
Net loan and lease charge-offs	(119)			(111)			(89)			(75)			(66)
Provision for loan and lease losses	125			250			109			118			134
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition	—			322			71			—			—
Allowance on purchased seasoned loans and leases at acquisition (1)	—			245			72			—			—
Allowance for loan and lease losses, end of period	3,249			3,243			2,537			2,374			2,331
Allowance for unfunded lending commitments, beginning of period	125			206			188			184			215

Provision (benefit) for unfunded lending commitments	7			(92)			14			4			(31)
Allowance for unfunded lending commitments at acquisition	—			11			4			—			—

Allowance for unfunded lending commitments, end of period	132			125			206			188			184
Total allowance for credit losses, end of period	$	3,381		$	3,368		$	2,743		$	2,562		$	2,515
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.72		%	1.72		%	1.70		%	1.72		%	1.73		%
Nonaccrual loans and leases (NALs)	204			243			272			294			277
Nonperforming assets (NPAs)	202			239			269			289			274
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.78		%	1.78		%	1.83		%	1.86		%	1.86		%
Nonaccrual loans and leases (NALs)	213			253			295			317			299
Nonperforming assets (NPAs)	210			248			290			312			295

(1) Reflects Huntington's October 1, 2025 adoption of Accounting Standards Update (ASU) 2025-08 applicable to purchased loans whereby non-PCD loans acquired in a business combination are deemed "purchased seasoned loans" and subject to the gross-approach resulting in recognition of an allowance for credit losses at acquisition.



	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2026		2026		2025		2025		2025
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,443	$	1,390	$	1,070	$	1,084	$	1,068
Commercial real estate	800		819		569		419		417
Lease financing	96		96		92		65		63
Total commercial	2,339		2,305		1,731		1,568		1,548
Consumer
Residential mortgage	259		291		205		204		208
Automobile	169		178		181		172		161
Home equity	174		171		149		160		153
RV and marine	129		134		136		141		143
Other consumer	179		164		135		129		118
Total consumer	910		938		806		806		783
Total allowance for loan and lease losses	3,249		3,243		2,537		2,374		2,331
Allowance for unfunded lending commitments	132		125		206		188		184
Total allowance for credit losses	$	3,381	$	3,368	$	2,743	$	2,562	$	2,515

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	66		$	54		$	40		$	39		$	32



Commercial real estate	3			2			8			(4)			(3)
Lease financing	(3)			—			(8)			1			2
Total commercial	66			56			40			36			31
Consumer:
Residential mortgage	3			1			—			—			1
Automobile	12			15			14			10			7
Home equity	1			—			—			1			—
RV and marine	6			7			6			4			5
Other consumer	31			32			29			24			22
Total consumer	53			55			49			39			35
Total net charge-offs	$	119		$	111		$	89		$	75		$	66





Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.29		%	0.26		%	0.24		%	0.25		%	0.22		%



Commercial real estate	0.06			0.03			0.21			(0.13)			(0.14)
Lease financing	(0.18)			0.01			(0.53)			0.04			0.12
Total commercial	0.22			0.21			0.18			0.18			0.16
Consumer:
Residential mortgage	0.03			0.02			0.01			0.01			0.01
Automobile	0.32			0.38			0.36			0.26			0.19
Home equity	0.01			0.02			(0.01)			0.01			0.01
RV and marine	0.44			0.51			0.45			0.30			0.33
Other consumer	4.88			5.30			5.22			4.92			4.86
Total consumer	0.30			0.34			0.33			0.27			0.25
Net charge-offs as a % of average loans and leases	0.25		%	0.26		%	0.24		%	0.22		%	0.20		%

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs) (1)

(Unaudited)


	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	986		$	824		$	562		$	455		$	489
Commercial real estate	243			188			133			131			138
Lease financing	8			9			8			10			10
Residential mortgage	223			185			107			97			93
Automobile	7			6			6			6			5
Home equity	120			117			113			108			105
RV and marine	2			2			2			1			2
Other consumer	—			1			—			—			—
Total nonaccrual loans and leases	1,589			1,332			931			808			842



Other real estate, net	23			22			13			10			10
Other NPAs (1)	—			3			1			3			—
Total nonperforming assets	$	1,612		$	1,357		$	945		$	821		$	852

Nonaccrual loans and leases as a % of total loans and leases	0.84		%	0.71		%	0.62		%	0.59		%	0.62		%
NPA ratio (2)	0.85			0.72			0.63			0.60			0.63
(NPA+90days)/(Loan+OREO) (3)	1.08			0.94			0.82			0.76			0.81


	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2026		2026		2025		2025		2025
Nonperforming assets, beginning of period	$	1,357	$	945	$	821	$	852	$	804
Acquired nonperforming assets	—		295		81		—		—
New nonperforming assets	737		403		300		252		343


Returns to accruing status	(36)		(52)		(22)		(25)		(27)
Charge-offs	(122)		(121)		(75)		(62)		(57)
Payments	(306)		(108)		(141)		(167)		(203)
Sales	(18)		(5)		(19)		(29)		(8)

Nonperforming assets, end of period	$	1,612	$	1,357	$	945	$	821	$	852

(1)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.

(2)Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

(3)The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate owned.

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

(Unaudited)


	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	2		$	2		$	1		$	1		$	4
Commercial real estate	—			3			—			—			—
Lease financing	6			5			9			6			14
Residential mortgage (excluding loans guaranteed by the U.S. Government)	66			46			46			35			40
Automobile	12			12			14			12			10
Home equity	24			22			16			20			18
RV and marine	3			3			4			3			2
Other consumer	5			6			6			5			4
Total, excl. loans guaranteed by the U.S. Government	118			99			96			82			92
Add: loans guaranteed by U.S. Government	325			322			186			152			149
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	443		$	421		$	282		$	234		$	241

Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.06		%	0.05		%	0.06		%	0.06		%	0.07		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.17			0.17			0.12			0.11			0.11
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.23			0.22			0.19			0.17			0.18

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

(Unaudited)


	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	32,624		$	32,535		$	24,342		$	22,248		$	20,928
Regulatory capital adjustments:

Shareholders’ preferred equity and related surplus	(2,891)			(2,891)			(2,741)			(2,741)			(1,999)
Accumulated other comprehensive loss	2,208			2,055			1,904			2,065			2,241
Goodwill and other intangibles, net of taxes	(10,126)			(10,180)			(5,999)			(5,481)			(5,508)
Deferred tax assets from tax loss and credit carryforwards	(427)			(359)			(220)			(167)			(123)
Common equity tier 1 capital	21,388			21,160			17,286			15,924			15,539
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	2,891			2,891			2,741			2,741			1,999


Tier 1 capital	24,279			24,051			20,027			18,665			17,538
Long-term debt and other tier 2 qualifying instruments	2,127			2,126			1,480			1,477			1,606
Qualifying allowance for loan and lease losses	2,670			2,595			2,086			1,880			1,859
Tier 2 capital	4,797			4,721			3,566			3,357			3,465
Total risk-based capital	$	29,076		$	28,772		$	23,593		$	22,022		$	21,003
Risk-weighted assets (RWA) (1)	$	214,192		$	208,132		$	166,684		$	150,222		$	148,602
Common equity tier 1 risk-based capital ratio (1)	10.0		%	10.2		%	10.4		%	10.6		%	10.5		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	8.8			9.5			9.3			9.0			8.5
Tier 1 risk-based capital ratio (1)	11.3			11.6			12.0			12.4			11.8
Total risk-based capital ratio (1)	13.6			13.8			14.2			14.7			14.1




Reconciliation of Non-GAAP Measure (2)
Common equity tier 1 (CET1) capital (A)	$	21,388		$	21,160		$	17,286		$	15,924		$	15,539
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,208)			(2,055)			(1,904)			(2,065)			(2,241)
Less: AOCI cash flow hedge	(167)			(49)			27			16			(7)
Adjusted common equity tier 1 (B)	19,347			19,154			15,355			13,843			13,305
Risk-weighted assets (RWA) (C)	214,192			208,132			166,684			150,222			148,602

CET1 ratio (A/C)	10.0		%	10.2		%	10.4		%	10.6		%	10.5		%
Adjusted CET1 ratio (B/C)	9.0			9.2			9.2			9.2			9.0

(1)June 30, 2026 figures are estimated.

(2) Huntington believes certain non-GAAP financial measures to be helpful in understanding Huntington’s results of operations. The following provides the comparable regulatory financial measure, as well as the reconciliation to the comparable regulatory financial measure.

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data

(Unaudited)

Quarterly Common Stock Summary


	June 30,		March 31,		December 31,		September 30,		June 30,
	2026		2026		2025		2025		2025






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	2,021		1,869		1,544		1,459		1,457
Average - diluted	2,048		1,901		1,570		1,485		1,481
Ending	2,020		2,027		1,568		1,459		1,459
Tangible book value per common share (1)	$	9.65	$	9.55	$	9.89	$	9.54	$	9.13

(1) Represents a non-GAAP measure that excludes preferred stock and intangible assets, net of deferred taxes, to derive tangible common equity.

Non-Regulatory Capital


	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	32,624		$	32,535		$	24,342		$	22,248		$	20,928
Goodwill and other intangible assets	(10,442)			(10,496)			(6,142)			(5,611)			(5,635)
Deferred tax liability on other intangible assets (1)	192			203			30			13			16
Total tangible equity	22,374			22,242			18,230			16,650			15,309
Preferred equity	(2,881)			(2,881)			(2,731)			(2,731)			(1,989)
Total tangible common equity	$	19,493		$	19,361		$	15,499		$	13,919		$	13,320
Total assets	$	283,984		$	285,372		$	225,106		$	210,228		$	207,742
Goodwill and other intangible assets	(10,442)			(10,496)			(6,142)			(5,611)			(5,635)
Deferred tax liability on other intangible assets (1)	192			203			30			13			16
Total tangible assets	$	273,734		$	275,079		$	218,994		$	204,630		$	202,123
Shareholders' equity / total assets	11.5		%	11.4		%	10.8		%	10.6		%	10.1		%
Tangible equity / tangible asset ratio	8.2			8.1			8.3			8.1			7.6
Tangible common equity / tangible asset ratio	7.1			7.0			7.1			6.8			6.6
Tangible common equity / RWA ratio (2)	9.1			9.3			9.3			9.3			9.0

(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.

(2)Estimated at June 30, 2026.

Other Data


	June 30,	March 31,	December 31,	September 30,	June 30,
	2026	2026	2025	2025	2025
Number of employees (Average full-time equivalent)	26,407	24,641	20,924	20,247	20,242
Number of domestic full-service branches (1)	1,407	1,403	1,005	972	971
ATM Count	2,016	2,043	1,591	1,569	1,565

(1)Includes Regional Banking and The Huntington Private Bank offices.

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data (continued)

(Unaudited)

Return on Average Tangible Common Shareholders' Equity


	Three Months Ended															Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			June 30,			June 30,
(dollar amounts in millions)	2026			2026			2025			2025			2025			2026			2025
Calculation of return on average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity	$	29,675		$	27,050		$	21,165		$	19,197		$	18,559		$	28,370		$	18,285
Less: Intangible assets and goodwill, net of tax effect	10,271			9,026			6,015			5,610			5,624			9,652			5,628
Average tangible common shareholders' equity (A)	$	19,404		$	18,024		$	15,150		$	13,587		$	12,935		$	18,718		$	12,657
Net income applicable to common shares	$	686		$	482		$	476		$	602		$	509		$	1,168		$	1,009
Add: Amortization of intangibles, net of deferred tax	42			33			10			8			9			75			18
Tangible net income applicable to common shares	$	728		$	515		$	486		$	610		$	518		$	1,243		$	1,027
Add: Notable Items, after tax	116			216			99			(13)			3			332			5

Adjusted net income applicable to common shares, excluding Notable Items	$	844		$	731		$	585		$	597		$	521		$	1,575		$	1,032
Tangible net income applicable to common shares, annualized (B)	$	2,920		$	2,089		$	1,928		$	2,420		$	2,078		$	2,507		$	2,071
Adjusted net income applicable to common shares, excluding Notable Items, annualized (C)	3,385			2,965			2,320			2,369			2,090			3,176			2,081
Return on average tangible common shareholders' equity (B/A)	15.1		%	11.6		%	12.7		%	17.8		%	16.1		%	13.4		%	16.4		%
Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A)	17.5		%	16.4		%	15.3		%	17.4		%	16.2		%	17.0		%	16.4		%

Efficiency Ratio


	Three Months Ended									Six Months Ended
(amounts in millions)	June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Noninterest expense (GAAP)	$	1,809		$	1,774		$	1,197		$	3,583		$	2,349
Less: Intangible amortization	54			41			11			95			22
Noninterest expense less amortization of intangibles (non-GAAP)	$	1,755		$	1,733		$	1,186		$	3,488		$	2,327
Net interest income	$	2,052		$	1,891		$	1,467		$	3,943		$	2,893
Noninterest income	785			682			471			1,467			965
Total Revenue (GAAP)	2,837			2,573			1,938			5,410			3,858
Add: FTE adjustment (1)	20			19			16			39			31
Less: Gains (losses) on sales of securities	2			13			(58)			15			(58)
FTE revenue less gains (losses) on sales of securities (non-GAAP)	$	2,855		$	2,579		$	2,012		$	5,434		$	3,947
Efficiency Ratio (2)	61.5		%	67.2		%	59.0		%	64.2		%	58.9		%

(1)Calculated on an FTE basis, which represents a non-GAAP measure, assuming a 21% tax rate.

(2)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding gains (losses) on sales of securities, which represents a non-GAAP measure.

Huntington Bancshares Incorporated

Consolidated Year-To-Date Average Balance Sheets

(Unaudited)


	YTD Average Balances (1)
	Six Months Ended June 30,				Change
(dollar amounts in millions)	2026		2025		Amount		Percent
Assets



Interest-earning deposits with banks	$	16,309	$	11,950	$	4,359	36	%
Trading account assets	258		561		(303)		(54)
Investment and other securities:
Available-for-sale securities:
Taxable	29,784		24,130		5,654		23
Tax-exempt	3,464		3,252		212		7
Total available-for-sale securities	33,248		27,382		5,866		21


Held-to-maturity securities - taxable	14,772		16,243		(1,471)		(9)





Other securities	1,295		879		416		47
Total investment and other securities	49,315		44,504		4,811		11
Loans held for sale	1,182		665		517		78
Loans and leases: (2)
Commercial:
Commercial and industrial	85,978		58,478		27,500		47



Commercial real estate	22,539		10,902		11,637		107
Lease financing	5,740		5,467		273		5
Total commercial	114,257		74,847		39,410		53
Consumer:
Residential mortgage	31,962		24,362		7,600		31
Automobile	15,852		14,900		952		6
Home equity	11,603		10,160		1,443		14
RV and marine	5,639		5,936		(297)		(5)
Other consumer	2,464		1,818		646		36
Total consumer	67,520		57,176		10,344		18
Total loans and leases	181,777		132,023		49,754		38
Total earning assets	248,841		189,703		59,138		31
Cash and due from banks	1,908		1,406		502		36
Goodwill and other intangible assets	9,825		5,646		4,179		74


All other assets	12,813		9,722		3,091		32
Total assets	$	273,387	$	206,477	$	66,910	32	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	57,711	$	44,132	$	13,579	31	%
Money market deposits	75,263		60,654		14,609		24
Savings deposits	18,489		14,998		3,491		23
Time deposits	24,822		13,639		11,183		82
Total interest-bearing deposits	176,285		133,423		42,862		32
Short-term borrowings	1,816		1,350		466		35
Long-term debt	20,611		17,341		3,270		19
Total interest-bearing liabilities	198,712		152,114		46,598		31
Demand deposits - noninterest-bearing	37,776		29,096		8,680		30
All other liabilities	5,623		4,944		679		14
Total liabilities	242,111		186,154		55,957		30
Total Huntington shareholders’ equity	31,233		20,274		10,959		54
Non-controlling interest	43		49		(6)		(12)
Total equity	31,276		20,323		10,953		54
Total liabilities and equity	$	273,387	$	206,477	$	66,910	32	%

(1)Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

(2)Includes nonaccrual loans and leases.

Huntington Bancshares Incorporated

Consolidated Year-To-Date Net Interest Margin - Interest Income / Expense

(Unaudited)


	YTD Interest Income / Expense (1) (2)
	Six Months Ended June 30,
(dollar amounts in millions)	2026		2025
Assets


Interest-earning deposits with banks	$	297	$	268
Trading account assets	5		10
Investment and other securities:
Available-for-sale securities:
Taxable	543		565
Tax-exempt	85		83
Total available-for-sale securities	628		648
Held-to-maturity securities - taxable	196		215



Other securities	33		24
Total investment and other securities	857		887
Loans held for sale	37		21
Loans and leases:
Commercial:
Commercial and industrial	2,527		1,787



Commercial real estate	697		368
Lease financing	200		181
Total commercial	3,424		2,336
Consumer:
Residential mortgage	757		503
Automobile	461		426
Home equity	395		369
RV and marine	152		157
Other consumer	122		99
Total consumer	1,887		1,554
Total loans and leases	5,311		3,890
Total earning assets	$	6,507	$	5,076
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	531	$	428
Money market deposits	939		922
Savings deposits	69		18
Time deposits	429		264
Total interest-bearing deposits	1,968		1,632
Short-term borrowings	34		27
Long-term debt	523		493
Total interest-bearing liabilities	2,525		2,152

Net interest income	$	3,982	$	2,924

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 22 for the FTE adjustment.

(2)Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

Huntington Bancshares Incorporated

Consolidated Year-To-Date Net Interest Margin - Yields / Rates

(Unaudited)


	YTD Average Yields / Rates (1)
	Six Months Ended June 30,
	2026		2025
Assets


Interest-earning deposits with banks	3.65	%	4.49	%
Trading account assets	3.84		3.70
Investment and other securities:
Available-for-sale securities:
Taxable	3.65		4.68
Tax-exempt	4.89		5.08
Total available-for-sale securities	3.77		4.73
Held-to-maturity securities - taxable	2.65		2.65



Other securities	5.08		5.57
Total investment and other securities	3.47		3.98
Loans held for sale	6.18		6.45
Loans and leases: (2)
Commercial:
Commercial and industrial	5.85		6.08



Commercial real estate	6.15		6.71
Lease financing	6.92		6.57
Total commercial	5.96		6.21
Consumer:
Residential mortgage	4.74		4.13
Automobile	5.87		5.77
Home equity	6.87		7.33
RV and marine	5.44		5.32
Other consumer	9.99		10.94
Total consumer	5.62		5.47
Total loans and leases	5.83		5.89
Total earning assets	5.27	%	5.40	%
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.86	%	1.96	%
Money market deposits	2.52		3.06
Savings deposits	0.76		0.24
Time deposits	3.48		3.90
Total interest-bearing deposits	2.25		2.47
Short-term borrowings	3.73		4.10
Long-term debt	5.07		5.68
Total interest-bearing liabilities	2.56		2.85

Net interest rate spread	2.71		2.55
Impact of noninterest-bearing funds on margin	0.52		0.56
Net interest margin	3.23	%	3.11	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.03	%	6.53	%
Impact of commercial loan derivatives	(0.07)		(0.32)
Total commercial - as reported	5.96	%	6.21	%
Average SOFR	3.64	%	4.33	%

Total cost of deposits (4)	1.85	%	2.02	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 22 for the FTE adjustment.

(2)Includes nonaccrual loans and leases.

(3)Yield/rates exclude the effects of hedge and risk management activities associated with the respective asset and liability categories.

(4)Includes noninterest-bearing and interest-bearing deposit balances.

Huntington Bancshares Incorporated

Selected Year-To-Date Income Statement Data

(Unaudited)


	Six Months Ended June 30,				Change
(dollar amounts in millions, except per share data)	2026		2025		Amount		Percent
Interest income	$	6,468	$	5,045	$	1,423	28	%
Interest expense	2,525		2,152		373		17
Net interest income	3,943		2,893		1,050		36
Provision for credit losses	290		218		72		33
Net interest income after provision for credit losses	3,653		2,675		978		37
Payments and cash management revenue	391		320		71		22
Wealth and asset management revenue	254		203		51		25
Customer deposit and loan fees	238		181		57		31
Capital markets and advisory fees	272		151		121		80
Mortgage banking income	85		59		26		44
Insurance income	42		39		3		8
Leasing revenue	42		24		18		75


Net gains (losses) on sales of securities	15		(58)		73		126
Other noninterest income	128		46		82		178
Total noninterest income	1,467		965		502		52
Personnel costs	2,002		1,393		609		44
Outside data processing and other services	637		352		285		81
Equipment	189		135		54		40
Net occupancy	175		119		56		47
Professional services	75		44		31		70
Marketing	75		57		18		32
Deposit and other insurance expense	73		57		16		28
Amortization of intangibles	95		22		73		332
Lease financing equipment depreciation	5		6		(1)		(17)
Other noninterest expense	257		164		93		57
Total noninterest expense	3,583		2,349		1,234		53
Income before income taxes	1,537		1,291		246		19
Provision for income taxes	279		218		61		28
Income after income taxes	1,258		1,073		185		17
Income attributable to non-controlling interest	8		10		(2)		(20)
Net income attributable to Huntington	1,250		1,063		187		18
Dividends on preferred shares	82		54		28		52

Net income applicable to common shares	$	1,168	$	1,009	$	159	16	%
Average common shares - basic	1,946		1,456		490		34
Average common shares - diluted	1,975		1,482		493		33
Per common share
Net income - basic	$	0.60	$	0.69	$	(0.09)	(13)	%
Net income - diluted	0.59		0.68		(0.09)		(13)
Cash dividends declared	0.31		0.31		—		—
Revenue - fully taxable equivalent (FTE)
Net interest income	$	3,943	$	2,893	$	1,050	36	%
FTE adjustment	39		31		8		26
Net interest income (1)	3,982		2,924		1,058		36
Noninterest income	1,467		965		502		52
Total revenue (1)	$	5,449	$	3,889	$	1,560	40	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.

Huntington Bancshares Incorporated

Year-To-Date Mortgage Banking Noninterest Income

(Unaudited)


	Six Months Ended June 30,						Change
(dollar amounts in millions)	2026			2025			Amount			Percent
Net origination and secondary marketing income	$	80		$	44		$	36		82	%
Net mortgage servicing income
Loan servicing income	64			52			12			23
Amortization of capitalized servicing	(45)			(31)			(14)			(45)
Operating income	19			21			(2)			(10)
MSR valuation adjustment (1)	(3)			(15)			12			80
(Losses) gains due to MSR hedging	(12)			9			(21)			(233)
Net MSR risk management	(15)			(6)			(9)			—
Total net mortgage servicing income	4			15			(11)			(73)
All other	1			—			1			100
Mortgage banking income	$	85		$	59		$	26		44	%

Mortgage origination volume	$	5,904		$	4,011		$	1,893		47	%
Mortgage origination volume for sale	3,421			2,446			975			40

Third party mortgage loans serviced (2)	43,419			33,925			9,494			28
Mortgage servicing rights (2)	752			567			185			33
MSR % of investor servicing portfolio (2)	1.73		%	1.67		%	0.06		%	4	%

(1)The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.

(2)At period end.

Huntington Bancshares Incorporated

Year-To-Date Credit Reserves Analysis

(Unaudited)


	Six Months Ended June 30,
(dollar amounts in millions)	2026			2025
Allowance for loan and lease losses, beginning of period	$	2,537		$	2,244
Loan and lease charge-offs	(364)			(244)
Recoveries of loans and leases previously charged off	134			92
Net loan and lease charge-offs	(230)			(152)
Provision for loan and lease losses	375			239
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition	322			—
Allowance on purchased seasoned loans and leases at acquisition (1)	245			—
Allowance for loan and lease losses, end of period	3,249			2,331
Allowance for unfunded lending commitments, beginning of period	206			202

Provision (benefit) for unfunded lending commitments	(85)			(18)
Allowance for unfunded lending commitments at acquisition	11			—
Allowance for unfunded lending commitments, end of period	132			184
Total allowance for credit losses, end of period	$	3,381		$	2,515
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.72		%	1.73		%
Nonaccrual loans and leases (NALs)	204			277
Nonperforming assets (NPAs)	202			274
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.78		%	1.86		%
Nonaccrual loans and leases (NALs)	213			299
Nonperforming assets (NPAs)	210			295

Huntington Bancshares Incorporated

Year-To-Date Net Charge-Off Analysis

(Unaudited)


	Six Months Ended June 30,
(dollar amounts in millions)	2026			2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	120		$	80



Commercial real estate	5			(11)
Lease financing	(3)			6
Total commercial	122			75
Consumer:
Residential mortgage	4			1
Automobile	27			20
Home equity	1			—
RV and marine	13			12
Other consumer	63			44
Total consumer	108			77
Total net charge-offs	$	230		$	152




Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.28		%	0.28		%



Commercial real estate	0.04			(0.20)
Lease financing	(0.08)			0.22
Total commercial	0.21			0.20
Consumer:
Residential mortgage	0.02			0.01
Automobile	0.35			0.27
Home equity	0.02			0.01
RV and marine	0.47			0.39
Other consumer	5.08			4.87
Total consumer	0.32			0.27
Net charge-offs as a % of average loans and leases	0.25		%	0.23		%

Huntington Bancshares Incorporated

Year-To-Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)


	At June 30,
(dollar amounts in millions)	2026			2025
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	986		$	489
Commercial real estate	243			138
Lease financing	8			10
Residential mortgage	223			93
Automobile	7			5
Home equity	120			105
RV and marine	2			2

Total nonaccrual loans and leases	1,589			842



Other real estate, net	23			10
Other NPAs (1)	—			—
Total nonperforming assets	$	1,612		$	852

Nonaccrual loans and leases as a % of total loans and leases	0.84		%	0.62		%
NPA ratio (2)	0.85			0.63
(NPA+90days)/(Loan+OREO) (3)	1.08			0.81


	Six Months Ended June 30,
(dollar amounts in millions)	2026		2025
Nonperforming assets, beginning of period	$	945	$	822
Acquired nonperforming assets	295		—
New nonperforming assets	1,140		593

Returns to accruing status	(88)		(58)
Charge-offs	(243)		(112)
Payments	(414)		(381)
Sales	(23)		(12)
Nonperforming assets, end of period	$	1,612	$	852

(1)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.

(2)Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

(3)The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate owned.