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HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

June 30, 2025

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 s / Rates			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

Notes:

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 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.

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.
	2025			2025			2024			1Q25		2Q24
Net interest income (1)	$	1,483		$	1,441		$	1,325		3	%	12	%
FTE adjustment	(16)			(15)			(13)			(7)		(23)
Net interest income	1,467			1,426			1,312			3		12
Provision for credit losses	103			115			100			(10)		3
Noninterest income	471			494			491			(5)		(4)
Noninterest expense	1,197			1,152			1,117			4		7
Income before income taxes	638			653			586			(2)		9
Provision for income taxes	96			122			106			(21)		(9)
Income after income taxes	542			531			480			2		13
Income attributable to non-controlling interest	6			4			6			50		—
Net income attributable to Huntington	536			527			474			2		13
Dividends on preferred shares	27			27			35			—		(23)

Net income applicable to common shares	$	509		$	500		$	439		2	%	16	%

Net income per common share - diluted	$	0.34		$	0.34		$	0.30		—	%	13	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	9.13			8.80			7.89			4		16

Average common shares - basic	1,457			1,454			1,451			—		—
Average common shares - diluted	1,481			1,482			1,474			—		—
Ending common shares outstanding	1,459			1,457			1,452			—		—
Return on average assets	1.04		%	1.04		%	0.98		%
Return on average common shareholders’ equity	11.0			11.3			10.4
Return on average tangible common shareholders’ equity (2)	16.1			16.7			16.1
Net interest margin (1)	3.11			3.10			2.99
Efficiency ratio (3)	59.0			58.9			60.8
Effective tax rate	15.0			18.6			18.2
Average total assets	$	207,852		$	205,087		$	194,558		1		7
Average earning assets	191,092			188,299			178,062			1		7
Average loans and leases	133,171			130,862			123,376			2		8

Average total deposits	163,429			161,600			153,578			1		6
Average Huntington shareholders’ equity	20,548			19,997			19,254			3		7
Average common shareholders' equity	18,559			18,007			16,861			3		10
Average tangible common shareholders' equity	12,935			12,375			11,201			5		15
Total assets at end of period	207,742			209,596			196,310			(1)		6
Total Huntington shareholders’ equity at end of period	20,928			20,434			19,515			2		7

NCOs as a % of average loans and leases	0.20		%	0.26		%	0.29		%
NAL ratio	0.62			0.56			0.59
NPA ratio (4)	0.63			0.61			0.63
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.73			1.71			1.85
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.86			1.87			1.95
Common equity tier 1 risk-based capital ratio (5)	10.5			10.6			10.4
Tangible common equity / tangible asset ratio (6)	6.6			6.3			6.0

See Notes to the 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)	2025			2024			Amount		Percent
Net interest income (1)	$	2,924		$	2,625		$	299	11	%
FTE adjustment	(31)			(26)			(5)		(19)
Net interest income	2,893			2,599			294		11
Provision for credit losses	218			207			11		5
Noninterest income	965			958			7		1
Noninterest expense	2,349			2,254			95		4
Income before income taxes	1,291			1,096			195		18
Provision for income taxes	218			192			26		14
Income after income taxes	1,073			904			169		19
Income attributable to non-controlling interest	10			11			(1)		(9)
Net income attributable to Huntington	1,063			893			170		19
Dividends on preferred shares	54			71			(17)		(24)

Net income applicable to common shares	$	1,009		$	822		$	187	23	%

Net income per common share - diluted	$	0.68		$	0.56		$	0.12	21	%
Cash dividends declared per common share	0.31			0.31			—		—
Average common shares - basic	1,456			1,450			6		—
Average common shares - diluted	1,482			1,474			8		1
Return on average assets	1.04		%	0.93		%
Return on average common shareholders’ equity	11.1			9.8
Return on average tangible common shareholders’ equity (2)	16.4			15.1
Net interest margin (1)	3.11			3.00
Efficiency ratio (3)	58.9			62.2
Effective tax rate	16.8			17.5
Average total assets	$	206,477		$	192,432		$	14,045	7	%
Average earning assets	189,703			175,913			13,790		8
Average loans and leases	132,023			122,653			9,370		8
Average total deposits	162,519			152,153			10,366		7

Average Huntington shareholders’ equity	20,274			19,234			1,040		5
Average common shareholders' equity	18,285			16,840			1,445		9
Average tangible common shareholders' equity	12,657			11,176			1,481		13

NCOs as a % of average loans and leases	0.23		%	0.30		%

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

Notes to the Quarterly and Year-to-Date Key Statistics

(1)On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

(2)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 assuming a 21% tax rate.

(3)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

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

(5)June 30, 2025 figure is estimated.

(6)Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.

Huntington Bancshares Incorporated

Consolidated Balance Sheets


	At June 30,		At December 31,
(dollar amounts in millions)	2025		2024		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,776	$	1,685	5	%
Interest-earning deposits with banks	9,171		11,647		(21)
Trading account securities	481		53		808
Available-for-sale securities	28,330		27,273		4
Held-to-maturity securities	15,965		16,368		(2)


Other securities	878		823		7
Loans held for sale	876		654		34
Loans and leases (1)	134,960		130,042		4
Allowance for loan and lease losses	(2,331)		(2,244)		(4)
Net loans and leases	132,629		127,798		4
Bank owned life insurance	2,808		2,793		1
Accrued income and other receivables	1,675		2,190		(24)
Premises and equipment	1,104		1,066		4
Goodwill	5,561		5,561		—
Servicing rights and other intangible assets	647		677		(4)
Other assets	5,841		5,642		4
Total assets	$	207,742	$	204,230	2	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	163,380	$	162,448	1	%
Short-term borrowings	576		199		189	%
Long-term debt	17,467		16,374		7
Other liabilities	5,349		5,427		(1)
Total liabilities	186,772		184,448		1

Shareholders' equity
Preferred stock	1,989		1,989		—
Common stock	15		15		—
Capital surplus	15,506		15,484		—
Less treasury shares, at cost	(87)		(86)		(1)
Accumulated other comprehensive income (loss)	(2,246)		(2,866)		22
Retained earnings	5,751		5,204		11
Total Huntington shareholders’ equity	20,928		19,740		6
Non-controlling interest	42		42		—
Total equity	20,970		19,782		6
Total liabilities and equity	$	207,742	$	204,230	2	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,458,800,042		1,453,635,809
Treasury shares outstanding	6,972,708		6,984,102
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	877,500		877,500

(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)	2025				2025				2024				2024				2024
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	60,723	45	%	$	58,948	45	%	$	56,809	43	%	$	53,601	43	%	$	52,307	42	%
Commercial real estate:
Commercial	9,793		7		10,196		7		10,215		8		10,647		8		10,997		9
Construction	905		1		772		1		863		1		896		1		936		1
Commercial real estate	10,698		8		10,968		8		11,078		9		11,543		9		11,933		10
Lease financing	5,516		4		5,451		4		5,454		4		5,342		4		5,202		4
Total commercial	76,937		57		75,367		57		73,341		56		70,486		56		69,442		56
Consumer:
Residential mortgage	24,527		19		24,369		19		24,242		19		24,100		19		24,069		19
Automobile	15,382		11		14,877		11		14,564		11		14,003		11		13,233		11
Home equity	10,221		8		10,130		8		10,142		8		10,129		8		10,076		8
RV and marine	5,907		4		5,939		4		5,982		5		6,042		5		6,042		5
Other consumer	1,986		1		1,823		1		1,771		1		1,627		1		1,560		1
Total consumer	58,023		43		57,138		43		56,701		44		55,901		44		54,980		44
Total loans and leases	$	134,960	100	%	$	132,505	100	%	$	130,042	100	%	$	126,387	100	%	$	124,422	100	%

Ending balances by business segment:
Consumer & Regional Banking	$	73,887	55	%	$	72,653	55	%	$	72,051	56	%	$	70,742	56	%	$	69,328	56	%
Commercial Banking	60,823		45		59,726		45		57,858		44		55,441		44		54,941		44



Treasury / Other	250		—		126		—		133		—		204		—		153		—
Total loans and leases	$	134,960	100	%	$	132,505	100	%	$	130,042	100	%	$	126,387	100	%	$	124,422	100	%

Average balances by business segment:
Consumer & Regional Banking	$	73,154	55	%	$	72,043	55	%	$	71,390	56	%	$	69,759	56	%	$	68,405	56	%
Commercial Banking	59,806		45		58,588		45		56,492		44		54,464		44		54,748		44



Treasury / Other	211		—		231		—		276		—		284		—		223		—
Total loans and leases	$	133,171	100	%	$	130,862	100	%	$	128,158	100	%	$	124,507	100	%	$	123,376	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2025				2025				2024				2024				2024
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	28,656	18	%	$	30,217	18	%	$	29,345	18	%	$	29,047	18	%	$	28,636	19	%
Demand deposits - interest-bearing	45,468		28		44,992		28		43,378		27		42,292		27		40,943		27
Money market deposits	60,998		37		61,608		37		60,730		37		56,434		36		54,469		35
Savings deposits	15,112		9		15,179		9		14,723		9		14,679		9		15,201		10
Time deposits	13,146		8		13,341		8		14,272		9		15,899		10		15,118		9




Total deposits	$	163,380	100	%	$	165,337	100	%	$	162,448	100	%	$	158,351	100	%	$	154,367	100	%






Ending balances by business segment:

Consumer & Regional Banking	$	111,926	68	%	$	112,972	68	%	$	111,390	69	%	$	110,107	70	%	$	110,913	72	%
Commercial Banking	43,691		27		44,090		27		43,366		26		41,597		26		38,110		25


Treasury / Other	7,763		5		8,275		5		7,692		5		6,647		4		5,344		3
Total deposits	$	163,380	100	%	$	165,337	100	%	$	162,448	100	%	$	158,351	100	%	$	154,367	100	%









Average balances by business segment:

Consumer & Regional Banking	$	112,135	69	%	$	110,974	69	%	$	110,750	70	%	$	109,884	70	%	$	110,819	72	%
Commercial Banking	43,288		26		42,714		26		41,741		26		40,153		26		36,765		24


Treasury / Other	8,006		5		7,912		5		6,914		4		6,451		4		5,994		4
Total deposits	$	163,429	100	%	$	161,600	100	%	$	159,405	100	%	$	156,488	100	%	$	153,578	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)	2025		2025		2024		2024		2024		1Q25		2Q24
Assets


Interest-earning deposits with banks	$	12,264	$	11,632	$	11,027	$	12,532	$	11,116	5	%	10	%
Securities:
Trading account securities	634		487		645		136		143		30		343	%
Available-for-sale securities:
Taxable	24,015		24,245		24,778		25,434		24,184		(1)		(1)
Tax-exempt	3,251		3,254		3,056		2,699		2,684		—		21
Total available-for-sale securities	27,266		27,499		27,834		28,133		26,868		(1)		1


Held-to-maturity securities - taxable	16,130		16,358		16,053		15,078		15,211		(1)		6





Other securities	881		877		824		829		776		—		14
Total securities	44,911		45,221		45,356		44,176		42,998		(1)		4
Loans held for sale	746		584		681		676		572		28		30
Loans and leases: (2)
Commercial:
Commercial and industrial	59,393		57,555		55,136		52,194		51,724		3		15
Commercial real estate:
Commercial	9,955		10,206		10,461		10,835		11,247		(2)		(11)
Construction	830		815		818		909		916		2		(9)
Commercial real estate	10,785		11,021		11,279		11,744		12,163		(2)		(11)
Lease financing	5,458		5,476		5,424		5,180		5,071		—		8
Total commercial	75,636		74,052		71,839		69,118		68,958		2		10
Consumer:
Residential mortgage	24,423		24,299		24,127		24,074		23,909		1		2
Automobile	15,132		14,665		14,350		13,584		12,989		3		16
Home equity	10,196		10,123		10,134		10,089		10,056		1		1
RV and marine	5,921		5,951		6,009		6,046		5,966		(1)		(1)
Other consumer	1,863		1,772		1,699		1,596		1,498		5		24
Total consumer	57,535		56,810		56,319		55,389		54,418		1		6
Total loans and leases	133,171		130,862		128,158		124,507		123,376		2		8
Total earning assets	191,092		188,299		185,222		181,891		178,062		1		7
Cash and due from banks	1,407		1,404		1,348		1,407		1,340		—		5
Goodwill and other intangible assets	5,640		5,651		5,662		5,674		5,685		—		(1)


All other assets	$	9,713	$	9,733	$	9,583	$	9,306	$	9,471	—		3
Total assets	$	207,852	$	205,087	$	201,815	$	198,278	$	194,558	1	%	7	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	44,677	$	43,582	$	41,802	$	41,850	$	39,431	3	%	13	%
Money market deposits	61,090		60,213		58,297		55,599		53,553		1		14
Savings deposits	15,127		14,866		14,648		14,891		15,408		2		(2)
Time deposits	13,290		13,993		15,076		15,348		15,556		(5)		(15)




Total interest-bearing deposits	134,184		132,654		129,823		127,688		123,948		1		8
Short-term borrowings	1,261		1,439		1,249		826		1,214		(12)		4
Long-term debt	17,776		16,901		16,081		15,878		15,146		5		17
Total interest-bearing liabilities	153,221		150,994		147,153		144,392		140,308		1		9
Demand deposits - noninterest-bearing	29,245		28,946		29,582		28,800		29,630		1		(1)
All other liabilities	4,788		5,102		5,020		4,925		5,314		(6)		(10)
Total liabilities	187,254		185,042		181,755		178,117		175,252		1		7
Total Huntington shareholders’ equity	20,548		19,997		20,013		20,113		19,254		3		7
Non-controlling interest	50		48		47		48		52		4		(4)
Total equity	20,598		20,045		20,060		20,161		19,306		3		7
Total liabilities and equity	$	207,852	$	205,087	$	201,815	$	198,278	$	194,558	1	%	7	%

(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)	2025		2025		2024		2024		2024
Assets


Interest-earning deposits with banks	$	139	$	129	$	136	$	174	$	154
Securities:
Trading account securities	6		4		8		1		2
Available-for-sale securities:
Taxable	278		287		302		331		322
Tax-exempt	41		42		38		35		34
Total available-for-sale securities	319		329		340		366		356
Held-to-maturity securities - taxable	107		108		104		93		93



Other securities	12		12		12		11		10
Total securities	444		453		464		471		461
Loans held for sale	12		9		11		12		10
Loans and leases:
Commercial:
Commercial and industrial	914		873		851		840		829
Commercial real estate:
Commercial	166		170		185		207		214
Construction	17		15		22		20		19
Commercial real estate	183		185		207		227		233
Lease financing	92		89		89		86		82
Total commercial	1,189		1,147		1,147		1,153		1,144
Consumer:
Residential mortgage	253		250		243		241		232
Automobile	219		207		205		191		172
Home equity	186		183		190		199		196
RV and marine	79		78		81		79		76
Other consumer	51		48		47		48		44
Total consumer	788		766		766		758		720
Total loans and leases	1,977		1,913		1,913		1,911		1,864
Total earning assets	$	2,572	$	2,504	$	2,524	$	2,568	$	2,489
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	223	$	205	$	209	$	239	$	210
Money market deposits	464		458		479		521		513
Savings deposits	11		7		6		4		3
Time deposits	124		140		169		181		181




Total interest-bearing deposits	822		810		863		945		907
Short-term borrowings	13		14		17		14		19
Long-term debt	254		239		235		245		238
Total interest-bearing liabilities	1,089		1,063		1,115		1,204		1,164
Net interest income	$	1,483	$	1,441	$	1,409	$	1,364	$	1,325

(1)Fully-taxable equivalent (FTE) income and expense calculated 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 - Yields / Rates

(Unaudited)


	Quarterly Average Yields / Rates
	June 30,		March 31,		December 31,		September 30,		June 30,
Fully-taxable equivalent basis (1)	2025		2025		2024		2024		2024
Assets
Interest-earning deposits with banks	4.52	%	4.45	%	4.92	%	5.55	%	5.55	%
Securities:
Trading account securities	3.72		3.67		5.39		3.28		5.10
Available-for-sale securities:
Taxable	4.62		4.73		4.87		5.21		5.33
Tax-exempt	4.93		5.22		5.00		5.23		5.07
Total available-for-sale securities	4.66		4.79		4.89		5.21		5.30
Held-to-maturity securities - taxable	2.66		2.64		2.59		2.47		2.44



Other securities	5.85		5.28		6.01		4.86		5.21
Total securities	3.95		4.01		4.10		4.26		4.29
Loans held for sale	6.43		6.48		6.28		6.92		6.81
Loans and leases: (2)
Commercial:
Commercial and industrial	6.09		6.07		6.05		6.31		6.33
Commercial real estate:
Commercial	6.59		6.66		6.91		7.47		7.53
Construction	8.16		7.47		10.64		8.52		8.41
Commercial real estate	6.71		6.72		7.18		7.55		7.60
Lease financing	6.66		6.49		6.38		6.51		6.41
Total commercial	6.22		6.19		6.25		6.53		6.56
Consumer:
Residential mortgage	4.15		4.11		4.03		4.00		3.89
Automobile	5.82		5.71		5.70		5.59		5.34
Home equity	7.32		7.33		7.42		7.86		7.86
RV and marine	5.31		5.34		5.35		5.24		5.11
Other consumer	10.88		11.01		11.18		11.69		11.75
Total consumer	5.49		5.44		5.42		5.45		5.32
Total loans and leases	5.91		5.87		5.89		6.05		6.01
Total earning assets	5.40		5.39		5.42		5.62		5.62
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	2.00		1.91		1.99		2.28		2.13
Money market deposits	3.05		3.08		3.27		3.73		3.85
Savings deposits	0.28		0.20		0.16		0.12		0.09
Time deposits	3.74		4.06		4.47		4.66		4.70
Total interest-bearing deposits	2.46		2.48		2.65		2.94		2.94
Short-term borrowings	4.37		3.87		5.37		6.52		6.31
Long-term debt	5.69		5.68		5.83		6.19		6.28
Total interest-bearing liabilities	2.85		2.86		3.01		3.32		3.34

Net interest rate spread	2.55		2.53		2.41		2.30		2.28
Impact of noninterest-bearing funds on margin	0.56		0.57		0.62		0.68		0.71
Net interest margin	3.11	%	3.10	%	3.03	%	2.98	%	2.99	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.49	%	6.57	%	6.77	%	7.21	%	7.29	%
Impact of commercial loan derivatives	(0.27)		(0.38)		(0.52)		(0.68)		(0.73)
Total commercial - as reported	6.22	%	6.19	%	6.25	%	6.53	%	6.56	%
Average SOFR	4.32	%	4.33	%	4.68	%	5.28	%	5.32	%

Total cost of deposits (4)	2.02	%	2.03	%	2.16	%	2.40	%	2.38	%

(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 10 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 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,
	2025		2025		2024		2024		2024
Interest income	$	2,556	$	2,489	$	2,510	$	2,555	$	2,476
Interest expense	1,089		1,063		1,115		1,204		1,164
Net interest income	1,467		1,426		1,395		1,351		1,312
Provision for credit losses	103		115		107		106		100
Net interest income after provision for credit losses	1,364		1,311		1,288		1,245		1,212
Payments and cash management revenue	165		155		162		158		154
Wealth and asset management revenue	102		101		93		93		90
Customer deposit and loan fees	95		86		88		86		83
Capital markets and advisory fees	84		67		120		78		73
Mortgage banking income	28		31		31		38		30
Leasing revenue	10		14		19		19		19
Insurance income	19		20		22		18		18


Net gains (losses) on sales of securities	(58)		—		(21)		—		—
Other noninterest income	26		20		45		33		24
Total noninterest income	471		494		559		523		491
Personnel costs	722		671		715		684		663
Outside data processing and other services	182		170		167		167		165
Equipment	68		67		70		65		62
Net occupancy	54		65		56		57		51
Marketing	28		29		28		33		27
Deposit and other insurance expense	20		37		20		15		25
Professional services	22		22		27		21		26
Amortization of intangibles	11		11		12		11		12
Lease financing equipment depreciation	2		4		3		4		4
Other noninterest expense	88		76		80		73		82
Total noninterest expense	1,197		1,152		1,178		1,130		1,117
Income before income taxes	638		653		669		638		586
Provision for income taxes	96		122		135		116		106
Income after income taxes	542		531		534		522		480
Income attributable to non-controlling interest	6		4		4		5		6
Net income attributable to Huntington	536		527		530		517		474
Dividends on preferred shares	27		27		27		36		35
Impact of preferred stock redemptions	—		—		5		—		—
Net income applicable to common shares	$	509	$	500	$	498	$	481	$	439

Average common shares - basic	1,457		1,454		1,453		1,453		1,451
Average common shares - diluted	1,481		1,482		1,481		1,477		1,474

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

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	1,467	$	1,426	$	1,395	$	1,351	$	1,312
FTE adjustment	16		15		14		13		13
Net interest income (1)	1,483		1,441		1,409		1,364		1,325
Noninterest income	471		494		559		523		491
Total revenue (1)	$	1,954	$	1,935	$	1,968	$	1,887	$	1,816

(1)On a fully-taxable equivalent (FTE) basis 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)	2025			2025			2024			2024			2024			1Q25		2Q24
Net origination and secondary marketing income	$	26		$	18		$	25		$	25		$	17		44	%	53	%
Net mortgage servicing income
Loan servicing income	26			26			26			25			25			—		4
Amortization of capitalized servicing	(18)			(13)			(16)			(14)			(14)			(38)		(29)
Operating income	8			13			10			11			11			(38)		(27)
MSR valuation adjustment (1)	—			(15)			53			(25)			11			100		(100)
(Losses) gains due to MSR hedging	(6)			15			(57)			27			(10)			(140)		40
Net MSR risk management	(6)			—			(4)			2			1			(100)		(700)
Total net mortgage servicing income	2			13			6			13			12			(85)		(83)
All other	—			—			—			—			1			—		(100)
Mortgage banking income	$	28		$	31		$	31		$	38		$	30		(10)	%	(7)	%

Mortgage origination volume	$	2,412		$	1,599		$	2,093		$	1,883		$	2,164		51	%	11	%
Mortgage origination volume for sale	1,508			938			1,220			1,194			1,191			61		27

Third party mortgage loans serviced (2)	$	33,925		$	33,864		$	33,696		$	33,565		$	33,404		—	%	2	%
Mortgage servicing rights (2)	567			564			573			515			543			1		4
MSR % of investor servicing portfolio (2)	1.67		%	1.66		%	1.70		%	1.53		%	1.63		%	1		2

(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)	2025			2025			2024			2024			2024
Allowance for loan and lease losses, beginning of period	$	2,263		$	2,244		$	2,235		$	2,304		$	2,280

Loan and lease charge-offs	(111)			(133)			(129)			(129)			(145)
Recoveries of loans and leases previously charged-off	45			47			32			36			55
Net loan and lease charge-offs	(66)			(86)			(97)			(93)			(90)
Provision for loan and lease losses	134			105			106			24			114


Allowance for loan and lease losses, end of period	2,331			2,263			2,244			2,235			2,304
Allowance for unfunded lending commitments, beginning of period	215			202			201			119			135

Provision for unfunded lending commitments	(31)			13			1			82			(16)


Allowance for unfunded lending commitments, end of period	184			215			202			201			119
Total allowance for credit losses, end of period	$	2,515		$	2,478		$	2,446		$	2,436		$	2,423
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.73		%	1.71		%	1.73		%	1.77		%	1.85		%
Nonaccrual loans and leases (NALs)	277			302			286			303			314
Nonperforming assets (NPAs)	274			281			273			285			296
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.86		%	1.87		%	1.88		%	1.93		%	1.95		%
Nonaccrual loans and leases (NALs)	299			331			312			330			331
Nonperforming assets (NPAs)	295			308			297			311			311



	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2025		2025		2024		2024		2024
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,068	$	1,017	$	947	$	937	$	995
Commercial real estate	417		443		473		510		542
Lease financing	63		60		64		51		50
Total commercial	1,548		1,520		1,484		1,498		1,587
Consumer
Residential mortgage	208		199		205		193		199
Automobile	161		150		145		138		127
Home equity	153		140		148		149		142
RV and marine	143		146		150		150		146
Other consumer	118		108		112		107		103
Total consumer	783		743		760		737		717
Total allowance for loan and lease losses	2,331		2,263		2,244		2,235		2,304
Allowance for unfunded lending commitments	184		215		202		201		119
Total allowance for credit losses	$	2,515	$	2,478	$	2,446	$	2,436	$	2,423

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)	2025			2025			2024			2024			2024
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	32		$	48		$	52		$	51		$	21



Commercial real estate	(3)			(8)			(2)			5			36
Lease financing	2			4			1			(2)			—
Total commercial	31			44			51			54			57
Consumer:
Residential mortgage	1			—			—			—			1
Automobile	7			13			12			8			6
Home equity	—			—			—			(1)			—
RV and marine	5			7			7			6			4
Other consumer	22			22			27			26			22
Total consumer	35			42			46			39			33
Total net charge-offs	$	66		$	86		$	97		$	93		$	90





Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.22		%	0.33		%	0.39		%	0.39		%	0.16		%



Commercial real estate	(0.14)			(0.26)			(0.08)			0.17			1.19
Lease financing	0.12			0.33			0.06			(0.18)			0.02
Total commercial	0.16			0.24			0.29			0.31			0.33
Consumer:
Residential mortgage	0.01			—			0.01			—			0.01
Automobile	0.19			0.35			0.32			0.24			0.20
Home equity	0.01			—			(0.02)			(0.02)			(0.01)
RV and marine	0.33			0.45			0.43			0.37			0.25
Other consumer	4.86			4.89			6.51			6.38			5.98
Total consumer	0.25			0.29			0.32			0.28			0.24
Net charge-offs as a % of average loans and leases	0.20		%	0.26		%	0.30		%	0.30		%	0.29		%

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)	2025			2025			2024			2024			2024
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	489		$	413		$	457		$	408		$	346
Commercial real estate	138			118			118			132			194
Lease financing	10			11			10			9			13
Residential mortgage	93			90			83			82			80
Automobile	5			4			6			5			4
Home equity	105			110			107			100			95
RV and marine	2			2			2			2			1

Total nonaccrual loans and leases	842			748			783			738			733



Other real estate, net	10			8			8			8			10
Other NPAs (1)	—			48			31			38			37
Total nonperforming assets	$	852		$	804		$	822		$	784		$	780

Nonaccrual loans and leases as a % of total loans and leases	0.62		%	0.56		%	0.60		%	0.58		%	0.59		%
NPA ratio (2)	0.63			0.61			0.63			0.62			0.63
(NPA+90days)/(Loan+OREO) (3)	0.81			0.77			0.82			0.80			0.77


	Three Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2025		2025		2024		2024		2024
Nonperforming assets, beginning of period	$	804	$	822	$	784	$	780	$	738
New nonperforming assets	343		250		271		254		316


Returns to accruing status	(27)		(31)		(46)		(55)		(55)
Charge-offs	(57)		(55)		(37)		(53)		(82)
Payments	(203)		(178)		(146)		(139)		(135)
Sales	(8)		(4)		(4)		(3)		(2)

Nonperforming assets, end of period	$	852	$	804	$	822	$	784	$	780

(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.

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)	2025			2025			2024			2024			2024
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	4		$	2		$	3		$	6		$	1

Lease financing	14			8			11			16			4
Residential mortgage (excluding loans guaranteed by the U.S. Government)	40			29			34			28			22
Automobile	10			8			12			10			8
Home equity	18			18			20			20			18
RV and marine	2			3			4			3			3
Other consumer	4			4			4			5			3
Total, excl. loans guaranteed by the U.S. Government	92			72			88			88			59
Add: loans guaranteed by U.S. Government	149			148			151			136			116
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	241		$	220		$	239		$	224		$	175

Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.07		%	0.05		%	0.07		%	0.07		%	0.05		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.11			0.11			0.12			0.11			0.09
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.18			0.17			0.18			0.18			0.14

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)	2025			2025			2024			2024			2024
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	20,928		$	20,434		$	19,740		$	20,606		$	19,515
Regulatory capital adjustments:
CECL transitional amount (2)	—			—			109			109			109
Shareholders’ preferred equity and related surplus	(1,999)			(1,999)			(1,999)			(2,404)			(2,404)
Accumulated other comprehensive loss	2,241			2,422			2,866			2,104			2,911
Goodwill and other intangibles, net of taxes	(5,508)			(5,520)			(5,534)			(5,546)			(5,561)
Deferred tax assets from tax loss and credit carryforwards	(123)			(68)			(55)			(66)			(49)
Common equity tier 1 capital	15,539			15,269			15,127			14,803			14,521
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	1,999			1,999			1,999			2,404			2,404


Tier 1 capital	17,538			17,268			17,126			17,207			16,925
Long-term debt and other tier 2 qualifying instruments	1,606			1,641			1,641			1,119			1,278
Qualifying allowance for loan and lease losses	1,859			1,811			1,798			1,784			1,743
Tier 2 capital	3,465			3,452			3,439			2,903			3,021
Total risk-based capital	$	21,003		$	20,720		$	20,565		$	20,110		$	19,946
Risk-weighted assets (RWA) (1)	$	148,602		$	144,632		$	143,650		$	142,543		$	139,374
Common equity tier 1 risk-based capital ratio (1)	10.5		%	10.6		%	10.5		%	10.4		%	10.4		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	8.5			8.5			8.6			8.8			8.8
Tier 1 risk-based capital ratio (1)	11.8			11.9			11.9			12.1			12.1
Total risk-based capital ratio (1)	14.1			14.3			14.3			14.1			14.3




Reconciliation of Non-GAAP Measure (3)
Common equity tier 1 (CET1) capital (A)	$	15,539		$	15,269		$	15,127		$	14,803		$	14,521
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,241)			(2,422)			(2,866)			(2,104)			(2,911)
Less: AOCI cash flow hedge	(7)			(90)			(267)			(39)			(399)
Adjusted common equity tier 1 (B)	13,305			12,937			12,528			12,738			12,009
Risk weighted assets (C)	148,602			144,632			143,650			142,543			139,374

CET1 ratio (A/C)	10.5		%	10.6		%	10.5		%	10.4		%	10.4		%
Adjusted CET1 ratio (B/C)	9.0			8.9			8.7			8.9			8.6

(1)June 30, 2025 figures are estimated.

(2)Huntington elected to temporarily delay certain effects of CECL on regulatory capital pursuant to a rule that allowed BHCs and banks to delay the impact of adopting CECL for two years, followed by a three-year transition period which began January 1, 2022. For periods beginning on or after January 1, 2025, the impact of the CECL deferral was fully phased in, while 75% of the impact of the CECL deferral was phased in at December 31, 2024, September 30, 2024, and June 30, 2024.

(3)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,
	2025		2025		2024		2024		2024






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,457		1,454		1,453		1,453		1,451
Average - diluted	1,481		1,482		1,481		1,477		1,474
Ending	1,459		1,457		1,454		1,453		1,452
Tangible book value per common share	$	9.13	$	8.80	$	8.33	$	8.65	$	7.89

Non-Regulatory Capital


	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2025			2025			2024			2024			2024
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	20,928		$	20,434		$	19,740		$	20,606		$	19,515
Goodwill and other intangible assets	(5,635)			(5,646)			(5,657)			(5,669)			(5,680)
Deferred tax liability on other intangible assets (1)	16			18			20			23			25
Total tangible equity	15,309			14,806			14,103			14,960			13,860
Preferred equity	(1,989)			(1,989)			(1,989)			(2,394)			(2,394)
Total tangible common equity	$	13,320		$	12,817		$	12,114		$	12,566		$	11,466
Total assets	$	207,742		$	209,596		$	204,230		$	200,535		$	196,310
Goodwill and other intangible assets	(5,635)			(5,646)			(5,657)			(5,669)			(5,680)
Deferred tax liability on other intangible assets (1)	16			18			20			23			25
Total tangible assets	$	202,123		$	203,968		$	198,593		$	194,889		$	190,655
Tangible equity / tangible asset ratio	7.6		%	7.3		%	7.1		%	7.7		%	7.3		%
Tangible common equity / tangible asset ratio	6.6			6.3			6.1			6.4			6.0
Tangible common equity / RWA ratio (2)	9.0			8.9			8.4			8.8			8.2

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

(2)Estimated at June 30, 2025.

Other Data


	June 30,	March 31,	December 31,	September 30,	June 30,
	2025	2025	2024	2024	2024
Number of employees (Average full-time equivalent)	20,242	20,092	20,045	20,043	19,889
Number of domestic full-service branches (1)	971	968	978	975	972
ATM Count	1,565	1,560	1,577	1,585	1,603

(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)

Non-GAAP Reconciliation: Return on Average Tangible Common Shareholders' Equity


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(dollar amounts in millions)	2025			2025			2024			2024			2024
Calculation of average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity	$	18,559		$	18,007		$	17,979		$	17,719		$	16,861
Less: Intangible assets and goodwill, net of tax effect	5,624			5,632			5,641			5,650			5,660
Average tangible common shareholders' equity (A)	$	12,935		$	12,375		$	12,338		$	12,069		$	11,201
Net income applicable to common shares	$	509		$	500		$	498		$	481		$	439
Add: Amortization of intangibles, net of deferred tax	9			9			9			9			9
Adjusted net income applicable to common shares	518			509			507			490			448
Add: Notable items, after tax	3			2			(2)			5			5
Less: Net gain (loss) on sale of securities, after tax	(46)			—			(17)			—			—
Adjusted net income applicable to common shares, excluding notable items and net securities gain (loss)	$	567		$	511		$	522		$	495		$	453
Adjusted net income applicable to common shares, annualized (B)	$	2,078		$	2,064		$	2,021		$	1,949		$	1,802
Adjusted net income applicable to common shares, excluding notable items and net securities gain (loss), annualized (C)	2,274			2,072			2,081			1,969			1,822
Return on average tangible common shareholders' equity (B/A)	16.1		%	16.7		%	16.4		%	16.2		%	16.1		%
Return on average tangible common shareholders' equity adjusted (C/A)	17.6		%	16.7		%	16.9		%	16.3		%	16.2		%

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)	2025		2024		Amount		Percent
Assets


Interest-earning deposits with banks	$	11,950	$	10,439	$	1,511	14	%
Securities:
Trading account securities	561		138		423		307
Available-for-sale securities:
Taxable	24,130		23,349		781		3
Tax-exempt	3,252		2,680		572		21
Total available-for-sale securities	27,382		26,029		1,353		5


Held-to-maturity securities - taxable	16,243		15,389		854		6





Other securities	879		750		129		17
Total securities	45,065		42,306		2,759		7
Loans held for sale	665		515		150		29
Loans and leases: (2)
Commercial:
Commercial and industrial	58,478		51,175		7,303		14
Commercial real estate:
Commercial	10,080		11,306		(1,226)		(11)
Construction	822		1,057		(235)		(22)
Commercial real estate	10,902		12,363		(1,461)		(12)
Lease financing	5,467		5,076		391		8
Total commercial	74,847		68,614		6,233		9
Consumer:
Residential mortgage	24,362		23,809		553		2
Automobile	14,900		12,771		2,129		17
Home equity	10,160		10,064		96		1
RV and marine	5,936		5,929		7		—
Other consumer	1,818		1,466		352		24
Total consumer	57,176		54,039		3,137		6
Total loans and leases	132,023		122,653		9,370		8
Total earning assets	189,703		175,913		13,790		8
Cash and due from banks	1,406		1,416		(10)		(1)
Goodwill and other intangible assets	5,646		5,691		(45)		(1)


All other assets	9,722		9,412		310		3
Total assets	$	206,477	$	192,432	$	14,045	7	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	44,132	$	38,960	$	5,172	13	%
Money market deposits	60,654		52,431		8,223		16
Savings deposits	14,998		15,517		(519)		(3)
Time deposits	13,639		15,475		(1,836)		(12)
Total interest-bearing deposits	133,423		122,383		11,040		9
Short-term borrowings	1,350		1,257		93		7
Long-term debt	17,341		14,461		2,880		20
Total interest-bearing liabilities	152,114		138,101		14,013		10
Demand deposits - noninterest-bearing	29,096		29,770		(674)		(2)
All other liabilities	4,944		5,277		(333)		(6)
Total Liabilities	186,154		173,148		13,006		8
Total Huntington shareholders’ equity	20,274		19,234		1,040		5
Non-controlling interest	49		50		(1)		(2)
Total equity	$	20,323	$	19,284	$	1,039	5
Total liabilities and equity	$	206,477	$	192,432	$	14,045	7	%

(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 (1) (2)

(Unaudited)


	YTD Interest Income / Expense
	Six Months Ended June 30,
(dollar amounts in millions)	2025		2024
Assets


Interest-earning deposits with banks	$	268	$	288
Securities:
Trading account securities	10		4
Available-for-sale securities:
Taxable	565		618
Tax-exempt	83		68
Total available-for-sale securities	648		686
Held-to-maturity securities - taxable	215		188



Other securities	24		19
Total securities	897		897
Loans held for sale	21		17
Loans and leases:
Commercial:
Commercial and industrial	1,787		1,630
Commercial real estate:
Commercial	336		429
Construction	32		44
Commercial real estate	368		473
Lease financing	181		161
Total commercial	2,336		2,264
Consumer:
Residential mortgage	503		459
Automobile	426		330
Home equity	369		391
RV and marine	157		150
Other consumer	99		86
Total consumer	1,554		1,416
Total loans and leases	3,890		3,680
Total earning assets	$	5,076	$	4,882
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	428	$	410
Money market deposits	922		994
Savings deposits	18		5
Time deposits	264		355
Total interest-bearing deposits	1,632		1,764
Short-term borrowings	27		38
Long-term debt	493		455
Total interest-bearing liabilities	2,152		2,257

Net interest income	$	2,924	$	2,625

(1)Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 21 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
	Six Months Ended June 30,
Fully-taxable equivalent basis (1)	2025		2024
Assets


Interest-earning deposits with banks	4.49	%	5.53	%
Securities:
Trading account securities	3.70		5.12
Available-for-sale securities:
Taxable	4.68		5.29
Tax-exempt	5.08		5.06
Total available-for-sale securities	4.73		5.27
Held-to-maturity securities - taxable	2.65		2.44



Other securities	5.57		5.22
Total securities	3.98		4.24
Loans held for sale	6.45		6.68
Loans and leases: (2)
Commercial:
Commercial and industrial	6.08		6.29
Commercial real estate:
Commercial	6.62		7.51
Construction	7.82		8.31
Commercial real estate	6.71		7.58
Lease financing	6.57		6.27
Total commercial	6.21		6.52
Consumer:
Residential mortgage	4.13		3.86
Automobile	5.77		5.20
Home equity	7.33		7.81
RV and marine	5.32		5.08
Other consumer	10.94		11.83
Total consumer	5.47		5.26
Total loans and leases	5.89		5.97
Total earning assets	5.40	%	5.58	%
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.96	%	2.11	%
Money market deposits	3.06		3.81
Savings deposits	0.24		0.06
Time deposits	3.90		4.62
Total interest-bearing deposits	2.47		2.90
Short-term borrowings	4.10		6.12
Long-term debt	5.68		6.29
Total interest-bearing liabilities	2.85		3.29

Net interest rate spread	2.55		2.29
Impact of noninterest-bearing funds on margin	0.56		0.71
Net interest margin	3.11	%	3.00	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.53	%	7.25	%
Impact of commercial loan derivatives	(0.32)		(0.73)
Total commercial - as reported	6.21	%	6.52	%
Average SOFR	4.33	%	5.32	%

Total cost of deposits (4)	2.02	%	2.33	%

(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 21 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)	2025		2024		Amount		Percent
Interest income	$	5,045	$	4,856	$	189	4	%
Interest expense	2,152		2,257		(105)		(5)
Net interest income	2,893		2,599		294		11
Provision for credit losses	218		207		11		5
Net interest income after provision for credit losses	2,675		2,392		283		12
Payments and cash management revenue	320		300		20		7
Wealth and asset management revenue	203		178		25		14
Customer deposit and loan fees	181		160		21		13
Capital markets and advisory fees	151		129		22		17
Mortgage banking income	59		61		(2)		(3)
Leasing revenue	24		41		(17)		(41)
Insurance income	39		37		2		5


Net gains (losses) on sales of securities	(58)		—		(58)		(100)
Other noninterest income	46		52		(6)		(12)
Total noninterest income	965		958		7		1
Personnel costs	1,393		1,302		91		7
Outside data processing and other services	352		331		21		6
Equipment	135		132		3		2
Net occupancy	119		108		11		10
Marketing	57		55		2		4
Deposit and other insurance expense	57		79		(22)		(28)
Professional services	44		51		(7)		(14)
Amortization of intangibles	22		24		(2)		(8)
Lease financing equipment depreciation	6		8		(2)		(25)
Other noninterest expense	164		164		—		—
Total noninterest expense	2,349		2,254		95		4
Income before income taxes	1,291		1,096		195		18
Provision for income taxes	218		192		26		14
Income after income taxes	1,073		904		169		19
Income attributable to non-controlling interest	10		11		(1)		(9)
Net income attributable to Huntington	1,063		893		170		19
Dividends on preferred shares	54		71		(17)		(24)

Net income applicable to common shares	$	1,009	$	822	$	187	23	%
Average common shares - basic	1,456		1,450		6		—
Average common shares - diluted	1,482		1,474		8		1
Per common share
Net income - basic	$	0.69	$	0.57	$	0.12	21	%
Net income - diluted	0.68		0.56		0.12		21
Cash dividends declared	0.31		0.31		—		—
Revenue - fully taxable equivalent (FTE)
Net interest income	$	2,893	$	2,599	$	294	11	%
FTE adjustment	31		26		5		19
Net interest income (1)	2,924		2,625		299		11
Noninterest income	965		958		7		1
Total revenue (1)	$	3,889	$	3,583	$	306	9	%

(1)On a fully-taxable equivalent (FTE) basis 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)	2025			2024			Amount			Percent
Net origination and secondary marketing income	$	44		$	33		$	11		33	%
Net mortgage servicing income
Loan servicing income	52			50			2			4
Amortization of capitalized servicing	(31)			(25)			(6)			(24)
Operating income	21			25			(4)			(16)
MSR valuation adjustment (1)	(15)			31			(46)			(148)
(Losses) gains due to MSR hedging	9			(29)			38			131
Net MSR risk management	(6)			2			(8)			—
Total net mortgage servicing income	15			27			(12)			(44)
All other	—			1			(1)			(100)
Mortgage banking income	$	59		$	61		$	(2)		(3)	%

Mortgage origination volume	$	4,011		$	3,440		$	571		17	%
Mortgage origination volume for sale	2,446			2,025			421			21

Third party mortgage loans serviced (2)	33,925			33,404			521			2
Mortgage servicing rights (2)	567			543			24			4
MSR % of investor servicing portfolio (2)	1.67		%	1.63		%	0.04		%	2	%

(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)	2025			2024
Allowance for loan and lease losses, beginning of period	$	2,244		$	2,255
Loan and lease charge-offs	(244)			(273)
Recoveries of loans and leases previously charged off	92			91
Net loan and lease charge-offs	(152)			(182)
Provision for loan and lease losses	239			231
Allowance for loan and lease losses, end of period	2,331			2,304
Allowance for unfunded lending commitments, beginning of period	$	202		$	145

Provision for unfunded lending commitments	(18)			(26)


Allowance for unfunded lending commitments, end of period	184			119
Total allowance for credit losses, end of period	$	2,515		$	2,423
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.73		%	1.85		%
Nonaccrual loans and leases (NALs)	277			314
Nonperforming assets (NPAs)	274			296
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.86		%	1.95		%
Nonaccrual loans and leases (NALs)	299			331
Nonperforming assets (NPAs)	295			311

Huntington Bancshares Incorporated

Year-To-Date Net Charge-Off Analysis

(Unaudited)


	Six Months Ended June 30,
(dollar amounts in millions)	2025			2024
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	80		$	63



Commercial real estate	(11)			49
Lease financing	6			—
Total commercial	75			112
Consumer:
Residential mortgage	1			1
Automobile	20			15
Home equity	—			—
RV and marine	12			9
Other consumer	44			45
Total consumer	77			70
Total net charge-offs	$	152		$	182




Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.28		%	0.24		%



Commercial real estate	(0.20)			0.79
Lease financing	0.22			0.01
Total commercial	0.20			0.33
Consumer:
Residential mortgage	0.01			0.01
Automobile	0.27			0.24
Home equity	0.01			—
RV and marine	0.39			0.31
Other consumer	4.87			6.18
Total consumer	0.27			0.26
Net charge-offs as a % of average loans	0.23		%	0.30		%

Huntington Bancshares Incorporated

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

(Unaudited)


	At June 30,
(dollar amounts in millions)	2025			2024
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	489		$	346
Commercial real estate	138			194
Lease financing	10			13
Residential mortgage	93			80
Automobile	5			4
Home equity	105			95
RV and marine	2			1

Total nonaccrual loans and leases	842			733



Other real estate, net	10			10
Other NPAs (1)	—			37
Total nonperforming assets	$	852		$	780

Nonaccrual loans and leases as a % of total loans and leases	0.62		%	0.59		%
NPA ratio (2)	0.63			0.63
(NPA+90days)/(Loan+OREO) (3)	0.81			0.77


	Six Months Ended June 30,
(dollar amounts in millions)	2025		2024
Nonperforming assets, beginning of period	$	822	$	711
New nonperforming assets	593		579


Returns to accruing status	(58)		(123)
Charge-offs	(112)		(146)
Payments	(381)		(237)
Sales	(12)		(4)
Nonperforming assets, end of period	$	852	$	780

(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.