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HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

December 31, 2025

Table of Contents


Quarterly Key Statistics			1

Annual 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 Annual Average Balance Sheets			19

Consolidated Annual Net Interest Margin - Interest Income / Expense			20

Consolidated Annual Net Interest Margin - Yield / Rate			21

Selected Annual Income Statement Data			22

Annual Mortgage Banking Noninterest Income			23

Annual Credit Reserves Analysis			24

Annual Net Charge-Off Analysis			25

Annual 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 (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.

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	December 31,			September 30,			December 31,			Percent Changes vs.
	2025			2025			2024			3Q25		4Q24
Net interest income - FTE (1)	$	1,609		$	1,523		$	1,409		6	%	14	%
FTE adjustment	(17)			(17)			(14)			—		(21)
Net interest income	1,592			1,506			1,395			6		14
Provision for credit losses	123			122			107			1		15
Noninterest income	582			628			559			(7)		4
Noninterest expense	1,420			1,246			1,178			14		21
Income before income taxes	631			766			669			(18)		(6)
Provision for income taxes	108			133			135			(19)		(20)
Income after income taxes	523			633			534			(17)		(2)
Income attributable to non-controlling interest	4			4			4			—		—
Net income attributable to Huntington	519			629			530			(17)		(2)
Dividends on preferred shares	43			27			27			59		59
Impact of preferred stock redemptions	—			—			5			—		NM
Net income applicable to common shares	$	476		$	602		$	498		(21)	%	(4)	%

Net income per common share - diluted	$	0.30		$	0.41		$	0.34		(27)	%	(12)	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	9.89			9.54			8.33			4		19

Average common shares - basic	1,544			1,459			1,453			6		6
Average common shares - diluted	1,570			1,485			1,481			6		6
Ending common shares outstanding	1,568			1,459			1,454			7		8
Return on average assets	0.93		%	1.19		%	1.05		%
Return on average common shareholders’ equity	8.9			12.4			11.0
Return on average tangible common shareholders’ equity (2)	12.7			17.8			16.4
Net interest margin (1)	3.15			3.13			3.03
Efficiency ratio (3)	64.2			57.4			58.6
Effective tax rate	17.2			17.4			20.1
Average total assets	$	220,230		$	209,727		$	201,815		5	%	9	%
Average earning assets	202,511			192,732			185,222			5		9
Average loans and leases	146,607			135,944			128,158			8		14

Average total deposits	173,156			164,812			159,405			5		9
Average Huntington shareholders’ equity	23,896			21,348			20,013			12		19
Average common shareholders' equity	21,165			19,197			17,979			10		18
Average tangible common shareholders' equity	15,150			13,587			12,338			12		23
Total assets at end of period	225,106			210,228			204,230			7		10
Total Huntington shareholders’ equity at end of period	24,342			22,248			19,740			9		23

NCOs as a % of average loans and leases	0.24		%	0.22		%	0.30		%
NAL ratio	0.62			0.59			0.60
NPA ratio (4)	0.63			0.60			0.63
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.70			1.72			1.73
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.83			1.86			1.88
Common equity tier 1 risk-based capital ratio (5)	10.4			10.6			10.5
Tangible common equity / tangible asset ratio (6)	7.1			6.8			6.1

NM - Not Meaningful

See Notes to Quarterly and Annual Key Statistics.

Huntington Bancshares Incorporated

Annual Key Statistics

(Unaudited)


	Year Ended December 31,						Change
(dollar amounts in millions, except per share data)	2025			2024			Amount		Percent
Net interest income - FTE (1)	$	6,056		$	5,398		$	658	12	%
FTE adjustment	(65)			(53)			(12)		(23)
Net interest income	5,991			5,345			646		12
Provision for credit losses	463			420			43		10
Noninterest income	2,175			2,040			135		7
Noninterest expense	5,015			4,562			453		10
Income before income taxes	2,688			2,403			285		12
Provision for income taxes	459			443			16		4
Income after income taxes	2,229			1,960			269		14
Income attributable to non-controlling interest	18			20			(2)		(10)
Net income attributable to Huntington	2,211			1,940			271		14
Dividends on preferred shares	124			134			(10)		(7)
Impact of preferred stock redemptions	—			5			(5)		NM
Net income applicable to common shares	$	2,087		$	1,801		$	286	16	%

Net income per common share - diluted	$	1.39		$	1.22		$	0.17	14	%
Cash dividends declared per common share	0.62			0.62			—		—
Average common shares - basic	1,479			1,451			28		2
Average common shares - diluted	1,505			1,476			29		2
Return on average assets	1.05		%	0.99		%
Return on average common shareholders’ equity	10.8			10.4
Return on average tangible common shareholders’ equity (2)	15.7			15.7
Net interest margin (1)	3.13			3.00
Efficiency ratio (3)	59.9			60.5
Effective tax rate	17.1			18.4
Average total assets	$	210,763		$	196,260		$	14,503	7	%
Average earning assets	193,695			179,756			13,939		8
Average loans and leases	136,687			124,503			12,184		10
Average total deposits	165,778			155,066			10,712		7

Average Huntington shareholders’ equity	21,458			19,651			1,807		9
Average common shareholders' equity	19,241			17,347			1,894		11
Average tangible common shareholders' equity	13,520			11,693			1,827		16

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

NM - Not Meaningful

See Notes to Quarterly and Annual Key Statistics.

Notes to Quarterly and Annual Key Statistics

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, 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 on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, 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)December 31, 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), which represents a non-GAAP measure. Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate. See page 18 for reconciliation.

Huntington Bancshares Incorporated

Consolidated Balance Sheets


	At December 31,
(dollar amounts in millions)	2025		2024		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,783	$	1,685	6	%
Interest-earning deposits with banks	12,295		11,647		6
Trading account securities	63		53		19
Available-for-sale securities	26,132		27,273		(4)
Held-to-maturity securities	15,258		16,368		(7)


Other securities	994		823		21
Loans held for sale	1,415		654		116
Loans and leases (1)	149,642		130,042		15
Allowance for loan and lease losses	(2,537)		(2,244)		(13)
Net loans and leases	147,105		127,798		15
Bank owned life insurance	2,902		2,793		4
Accrued income and other receivables	2,621		2,190		20
Premises and equipment	1,321		1,066		24
Goodwill	5,997		5,561		8
Servicing rights and other intangible assets	752		677		11
Other assets	6,468		5,642		15
Total assets	$	225,106	$	204,230	10	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	176,610	$	162,448	9	%
Short-term borrowings	1,261		199		534	%
Long-term debt	17,221		16,374		5
Other liabilities	5,635		5,427		4
Total liabilities	200,727		184,448		9

Shareholders' equity
Preferred stock	2,731		1,989		37
Common stock	16		15		7
Capital surplus	17,244		15,484		11
Less treasury shares, at cost	(92)		(86)		(7)
Accumulated other comprehensive income (loss)	(1,908)		(2,866)		33
Retained earnings	6,351		5,204		22
Total Huntington shareholders’ equity	24,342		19,740		23
Non-controlling interest	37		42		(12)
Total equity	24,379		19,782		23
Total liabilities and equity	$	225,106	$	204,230	10	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,567,732,506		1,453,635,809
Treasury shares outstanding	7,187,541		6,984,102
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	885,000		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)


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2025				2025				2025				2025				2024
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	69,442	46	%	$	62,978	45	%	$	60,723	45	%	$	58,948	45	%	$	56,809	43	%
Commercial real estate:
Commercial	12,919		8		9,613		7		9,793		7		10,196		7		10,215		8
Construction	2,290		2		1,119		1		905		1		772		1		863		1
Commercial real estate	15,209		10		10,732		8		10,698		8		10,968		8		11,078		9
Lease financing	5,727		4		5,515		4		5,516		4		5,451		4		5,454		4
Total commercial	90,378		60		79,225		57		76,937		57		75,367		57		73,341		56
Consumer:
Residential mortgage	24,777		17		24,502		18		24,527		19		24,369		19		24,242		19
Automobile	16,168		11		15,996		12		15,382		11		14,877		11		14,564		11
Home equity	10,395		7		10,314		7		10,221		8		10,130		8		10,142		8
RV and marine	5,682		4		5,805		4		5,907		4		5,939		4		5,982		5
Other consumer	2,242		1		2,114		2		1,986		1		1,823		1		1,771		1
Total consumer	59,264		40		58,731		43		58,023		43		57,138		43		56,701		44
Total loans and leases	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%	$	130,042	100	%

Ending balances by business segment:
Consumer & Regional Banking	$	79,069	53	%	$	75,027	55	%	$	73,887	55	%	$	72,653	55	%	$	72,051	56	%
Commercial Banking	70,391		47		62,755		45		60,823		45		59,726		45		57,858		44



Treasury / Other	182		—		174		—		250		—		126		—		133		—
Total loans and leases	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%	$	130,042	100	%

Average balances by business segment:
Consumer & Regional Banking	$	77,908	53	%	$	74,306	55	%	$	73,154	55	%	$	72,043	55	%	$	71,390	56	%
Commercial Banking	68,388		47		61,373		45		59,806		45		58,588		45		56,492		44



Treasury / Other	311		—		265		—		211		—		231		—		276		—
Total loans and leases	$	146,607	100	%	$	135,944	100	%	$	133,171	100	%	$	130,862	100	%	$	128,158	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2025				2025				2025				2025				2024
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	32,205	18	%	$	28,596	17	%	$	28,656	18	%	$	30,217	18	%	$	29,345	18	%
Demand deposits - interest-bearing	48,510		27		46,056		28		45,468		28		44,992		28		43,378		27
Money market deposits	65,123		37		62,837		38		60,998		37		61,608		37		60,730		37
Savings deposits	15,426		9		14,986		9		15,112		9		15,179		9		14,723		9
Time deposits	15,346		9		12,737		8		13,146		8		13,341		8		14,272		9




Total deposits	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%	$	162,448	100	%






Ending balances by business segment:

Consumer & Regional Banking	$	117,188	66	%	$	110,043	67	%	$	111,926	68	%	$	112,972	68	%	$	111,390	69	%
Commercial Banking	50,657		29		47,651		28		43,691		27		44,090		27		43,366		26


Treasury / Other	8,765		5		7,518		5		7,763		5		8,275		5		7,692		5
Total deposits	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%	$	162,448	100	%









Average balances by business segment:

Consumer & Regional Banking	$	114,613	66	%	$	111,138	68	%	$	112,135	69	%	$	110,974	69	%	$	110,750	70	%
Commercial Banking	50,470		29		46,346		28		43,288		26		42,714		26		41,741		26


Treasury / Other	8,073		5		7,328		4		8,006		5		7,912		5		6,914		4
Total deposits	$	173,156	100	%	$	164,812	100	%	$	163,429	100	%	$	161,600	100	%	$	159,405	100	%

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Quarterly Average Balances (1)
	December 31,		September 30,		June 30,		March 31,		December 31,		Percent Changes vs.
(dollar amounts in millions)	2025		2025		2025		2025		2024		3Q25		4Q24
Assets


Interest-earning deposits with banks	$	12,231	$	11,823	$	12,264	$	11,632	$	11,027	3	%	11	%
Securities:
Trading account securities	112		629		634		487		645		(82)		(83)
Available-for-sale securities:
Taxable	22,879		23,485		24,015		24,245		24,778		(3)		(8)
Tax-exempt	3,405		3,318		3,251		3,254		3,056		3		11
Total available-for-sale securities	26,284		26,803		27,266		27,499		27,834		(2)		(6)


Held-to-maturity securities - taxable	15,397		15,752		16,130		16,358		16,053		(2)		(4)





Other securities	949		888		881		877		824		7		15
Total securities	42,742		44,072		44,911		45,221		45,356		(3)		(6)
Loans held for sale	931		893		746		584		681		4		37
Loans and leases: (2)
Commercial:
Commercial and industrial	67,378		61,440		59,393		57,555		55,136		10		22
Commercial real estate:
Commercial	12,192		9,672		9,955		10,206		10,461		26		17
Construction	2,076		1,020		830		815		818		104		154
Commercial real estate	14,268		10,692		10,785		11,021		11,279		33		27
Lease financing	5,498		5,483		5,458		5,476		5,424		—		1
Total commercial	87,144		77,615		75,636		74,052		71,839		12		21
Consumer:
Residential mortgage	25,098		24,511		24,423		24,299		24,127		2		4
Automobile	16,114		15,693		15,132		14,665		14,350		3		12
Home equity	10,372		10,264		10,196		10,123		10,134		1		2
RV and marine	5,747		5,860		5,921		5,951		6,009		(2)		(4)
Other consumer	2,132		2,001		1,863		1,772		1,699		7		25
Total consumer	59,463		58,329		57,535		56,810		56,319		2		6
Total loans and leases	146,607		135,944		133,171		130,862		128,158		8		14
Total earning assets	202,511		192,732		191,092		188,299		185,222		5		9
Cash and due from banks	1,396		1,445		1,407		1,404		1,348		(3)		4
Goodwill and other intangible assets	6,043		5,625		5,640		5,651		5,662		7		7


All other assets	10,280		9,925		9,713		9,733		9,583		4		7
Total assets	$	220,230	$	209,727	$	207,852	$	205,087	$	201,815	5	%	9	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	47,185	$	45,980	$	44,677	$	43,582	$	41,802	3	%	13	%
Money market deposits	65,182		62,009		61,090		60,213		58,297		5		12
Savings deposits	15,360		15,042		15,127		14,866		14,648		2		5
Time deposits	14,661		12,773		13,290		13,993		15,076		15		(3)




Total interest-bearing deposits	142,388		135,804		134,184		132,654		129,823		5		10
Short-term borrowings	897		1,267		1,261		1,439		1,249		(29)		(28)
Long-term debt	17,335		17,433		17,776		16,901		16,081		(1)		8
Total interest-bearing liabilities	160,620		154,504		153,221		150,994		147,153		4		9
Demand deposits - noninterest-bearing	30,768		29,008		29,245		28,946		29,582		6		4
All other liabilities	4,907		4,826		4,788		5,102		5,020		2		(2)
Total liabilities	196,295		188,338		187,254		185,042		181,755		4		8
Total Huntington shareholders’ equity	23,896		21,348		20,548		19,997		20,013		12		19
Non-controlling interest	39		41		50		48		47		(5)		(17)
Total equity	23,935		21,389		20,598		20,045		20,060		12		19
Total liabilities and equity	$	220,230	$	209,727	$	207,852	$	205,087	$	201,815	5	%	9	%

(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)
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollar amounts in millions)	2025		2025		2025		2025		2024
Assets


Interest-earning deposits with banks	$	124	$	134	$	139	$	129	$	136
Securities:
Trading account securities	—		7		6		4		8
Available-for-sale securities:
Taxable	212		246		278		287		302
Tax-exempt	43		41		41		42		38
Total available-for-sale securities	255		287		319		329		340
Held-to-maturity securities - taxable	103		105		107		108		104



Other securities	11		12		12		12		12
Total securities	369		411		444		453		464
Loans held for sale	14		15		12		9		11
Loans and leases:
Commercial:
Commercial and industrial	1,023		959		914		873		851
Commercial real estate:
Commercial	197		168		166		170		185
Construction	36		19		17		15		22
Commercial real estate	233		187		183		185		207
Lease financing	91		93		92		89		89
Total commercial	1,347		1,239		1,189		1,147		1,147
Consumer:
Residential mortgage	269		259		253		250		243
Automobile	241		234		219		207		205
Home equity	184		190		186		183		190
RV and marine	80		80		79		78		81
Other consumer	54		55		51		48		47
Total consumer	828		818		788		766		766
Total loans and leases	2,175		2,057		1,977		1,913		1,913
Total earning assets	$	2,682	$	2,617	$	2,572	$	2,504	$	2,524
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	227	$	235	$	223	$	205	$	209
Money market deposits	437		466		464		458		479
Savings deposits	19		13		11		7		6
Time deposits	137		116		124		140		169




Total interest-bearing deposits	820		830		822		810		863
Short-term borrowings	10		13		13		14		17
Long-term debt	243		251		254		239		235
Total interest-bearing liabilities	1,073		1,094		1,089		1,063		1,115
Net interest income	$	1,609	$	1,523	$	1,483	$	1,441	$	1,409

(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)
	December 31,		September 30,		June 30,		March 31,		December 31,
	2025		2025		2025		2025		2024
Assets
Interest-earning deposits with banks	4.03	%	4.53	%	4.52	%	4.45	%	4.92	%
Securities:
Trading account securities	2.58		4.03		3.72		3.67		5.39
Available-for-sale securities:
Taxable	3.72		4.19		4.62		4.73		4.87
Tax-exempt	4.99		5.02		4.93		5.22		5.00
Total available-for-sale securities	3.88		4.29		4.66		4.79		4.89
Held-to-maturity securities - taxable	2.66		2.66		2.66		2.64		2.59



Other securities	4.86		5.15		5.85		5.28		6.01
Total securities	3.46		3.72		3.95		4.01		4.10
Loans held for sale	6.13		6.52		6.43		6.48		6.28
Loans and leases: (2)
Commercial:
Commercial and industrial	5.94		6.11		6.09		6.07		6.05
Commercial real estate:
Commercial	6.32		6.83		6.59		6.66		6.91
Construction	6.77		7.11		8.16		7.47		10.64
Commercial real estate	6.39		6.86		6.71		6.72		7.18
Lease financing	6.48		6.69		6.66		6.49		6.38
Total commercial	6.05		6.25		6.22		6.19		6.25
Consumer:
Residential mortgage	4.29		4.23		4.15		4.11		4.03
Automobile	5.93		5.92		5.82		5.71		5.70
Home equity	7.02		7.34		7.32		7.33		7.42
RV and marine	5.53		5.41		5.31		5.34		5.35
Other consumer	10.11		10.82		10.88		11.01		11.18
Total consumer	5.54		5.57		5.49		5.44		5.42
Total loans and leases	5.84		5.96		5.91		5.87		5.89
Total earning assets	5.25		5.39		5.40		5.39		5.42
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.91		2.02		2.00		1.91		1.99
Money market deposits	2.66		2.99		3.05		3.08		3.27
Savings deposits	0.47		0.35		0.28		0.20		0.16
Time deposits	3.69		3.60		3.74		4.06		4.47
Total interest-bearing deposits	2.28		2.43		2.46		2.48		2.65
Short-term borrowings	4.45		3.90		4.37		3.87		5.37
Long-term debt	5.61		5.75		5.69		5.68		5.83
Total interest-bearing liabilities	2.65		2.81		2.85		2.86		3.01

Net interest rate spread	2.60		2.58		2.55		2.53		2.41
Impact of noninterest-bearing funds on margin	0.55		0.55		0.56		0.57		0.62
Net interest margin	3.15	%	3.13	%	3.11	%	3.10	%	3.03	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.23	%	6.50	%	6.49	%	6.57	%	6.77	%
Impact of commercial loan derivatives	(0.18)		(0.25)		(0.27)		(0.38)		(0.52)
Total commercial - as reported	6.05	%	6.25	%	6.22	%	6.19	%	6.25	%
Average SOFR	4.00	%	4.33	%	4.32	%	4.33	%	4.68	%

Total cost of deposits (4)	1.88	%	2.00	%	2.02	%	2.03	%	2.16	%

(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)	December 31,		September 30,		June 30,		March 31,		December 31,
	2025		2025		2025		2025		2024
Interest income	$	2,665	$	2,600	$	2,556	$	2,489	$	2,510
Interest expense	1,073		1,094		1,089		1,063		1,115
Net interest income	1,592		1,506		1,467		1,426		1,395
Provision for credit losses	123		122		103		115		107
Net interest income after provision for credit losses	1,469		1,384		1,364		1,311		1,288
Payments and cash management revenue	170		174		165		155		162
Wealth and asset management revenue	102		104		102		101		93
Customer deposit and loan fees	107		102		95		86		88
Capital markets and advisory fees	101		94		84		67		120
Mortgage banking income	39		43		28		31		31
Insurance income	22		20		19		20		22
Leasing revenue	19		23		10		14		19


Net gains (losses) on sales of securities	—		—		(58)		—		(21)
Other noninterest income	22		68		26		20		45
Total noninterest income	582		628		471		494		559
Personnel costs	845		757		722		671		715
Outside data processing and other services	222		198		182		170		167
Equipment	67		66		68		67		70
Net occupancy	56		57		54		65		56
Professional services	80		31		22		22		27
Marketing	36		34		28		29		28
Deposit and other insurance expense	(1)		9		20		37		20
Amortization of intangibles	13		11		11		11		12
Lease financing equipment depreciation	3		4		2		4		3
Other noninterest expense	99		79		88		76		80
Total noninterest expense	1,420		1,246		1,197		1,152		1,178
Income before income taxes	631		766		638		653		669
Provision for income taxes	108		133		96		122		135
Income after income taxes	523		633		542		531		534
Income attributable to non-controlling interest	4		4		6		4		4
Net income attributable to Huntington	519		629		536		527		530
Dividends on preferred shares	43		27		27		27		27
Impact of preferred stock redemptions	—		—		—		—		5
Net income applicable to common shares	$	476	$	602	$	509	$	500	$	498

Average common shares - basic	1,544		1,459		1,457		1,454		1,453
Average common shares - diluted	1,570		1,485		1,481		1,482		1,481

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

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	1,592	$	1,506	$	1,467	$	1,426	$	1,395
FTE adjustment	17		17		16		15		14
Net interest income (1)	1,609		1,523		1,483		1,441		1,409
Noninterest income	582		628		471		494		559
Total revenue (1)	$	2,191	$	2,151	$	1,954	$	1,935	$	1,968

(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
	December 31,			September 30,			June 30,			March 31,			December 31,			Percent Changes vs.
(dollar amounts in millions)	2025			2025			2025			2025			2024			3Q25		4Q24
Net origination and secondary marketing income	$	28		$	30		$	26		$	18		$	25		(7)	%	12	%
Net mortgage servicing income
Loan servicing income	26			26			26			26			26			—		—
Amortization of capitalized servicing	(20)			(17)			(18)			(13)			(16)			(18)		(25)
Operating income	6			9			8			13			10			(33)		(40)
MSR valuation adjustment (1)	13			(1)			—			(15)			53			NM		(75)
Gains (losses) due to MSR hedging	(8)			4			(6)			15			(57)			NM		86
Net MSR risk management	5			3			(6)			—			(4)			67		225
Total net mortgage servicing income	11			12			2			13			6			(8)		83
All other	—			1			—			—			—			NM		—
Mortgage banking income	$	39		$	43		$	28		$	31		$	31		(9)	%	26	%

Mortgage origination volume	$	2,178		$	2,243		$	2,412		$	1,599		$	2,093		(3)	%	4	%
Mortgage origination volume for sale	1,421			1,516			1,508			938			1,220			(6)		16

Third party mortgage loans serviced (2)	$	34,407		$	34,370		$	33,925		$	33,864		$	33,696		—	%	2	%
Mortgage servicing rights (2)	593			576			567			564			573			3		3
MSR % of investor servicing portfolio (2)	1.72		%	1.67		%	1.67		%	1.66		%	1.70		%	3	%	1	%

NM - Not Meaningful

(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
	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Allowance for loan and lease losses, beginning of period	$	2,374		$	2,331		$	2,263		$	2,244		$	2,235

Loan and lease charge-offs	(145)			(137)			(111)			(133)			(129)
Recoveries of loans and leases previously charged off	56			62			45			47			32
Net loan and lease charge-offs	(89)			(75)			(66)			(86)			(97)
Provision for loan and lease losses	109			118			134			105			106
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition	71			—			—			—			—
Allowance on purchased seasoned loans and leases at acquisition (1)	72			—			—			—			—
Allowance for loan and lease losses, end of period	2,537			2,374			2,331			2,263			2,244
Allowance for unfunded lending commitments, beginning of period	188			184			215			202			201

Provision for unfunded lending commitments	14			4			(31)			13			1
Allowance for unfunded lending commitments at acquisition	4			—			—			—			—

Allowance for unfunded lending commitments, end of period	206			188			184			215			202
Total allowance for credit losses, end of period	$	2,743		$	2,562		$	2,515		$	2,478		$	2,446
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.70		%	1.72		%	1.73		%	1.71		%	1.73		%
Nonaccrual loans and leases (NALs)	272			294			277			302			286
Nonperforming assets (NPAs)	269			289			274			281			273
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.83		%	1.86		%	1.86		%	1.87		%	1.88		%
Nonaccrual loans and leases (NALs)	295			317			299			331			312
Nonperforming assets (NPAs)	290			312			295			308			297

(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.



	December 31,		September 30,		June 30,		March 31,		December 31,
(dollar amounts in millions)	2025		2025		2025		2025		2024
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,070	$	1,084	$	1,068	$	1,017	$	947
Commercial real estate	569		419		417		443		473
Lease financing	92		65		63		60		64
Total commercial	1,731		1,568		1,548		1,520		1,484
Consumer
Residential mortgage	205		204		208		199		205
Automobile	181		172		161		150		145
Home equity	149		160		153		140		148
RV and marine	136		141		143		146		150
Other consumer	135		129		118		108		112
Total consumer	806		806		783		743		760
Total allowance for loan and lease losses	2,537		2,374		2,331		2,263		2,244
Allowance for unfunded lending commitments	206		188		184		215		202
Total allowance for credit losses	$	2,743	$	2,562	$	2,515	$	2,478	$	2,446

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	Three Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	40		$	39		$	32		$	48		$	52



Commercial real estate	8			(4)			(3)			(8)			(2)
Lease financing	(8)			1			2			4			1
Total commercial	40			36			31			44			51
Consumer:
Residential mortgage	—			—			1			—			—
Automobile	14			10			7			13			12
Home equity	—			1			—			—			—
RV and marine	6			4			5			7			7
Other consumer	29			24			22			22			27
Total consumer	49			39			35			42			46
Total net charge-offs	$	89		$	75		$	66		$	86		$	97





Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.24		%	0.25		%	0.22		%	0.33		%	0.39		%



Commercial real estate	0.21			(0.13)			(0.14)			(0.26)			(0.08)
Lease financing	(0.53)			0.04			0.12			0.33			0.06
Total commercial	0.18			0.18			0.16			0.24			0.29
Consumer:
Residential mortgage	0.01			0.01			0.01			—			0.01
Automobile	0.36			0.26			0.19			0.35			0.32
Home equity	(0.01)			0.01			0.01			—			(0.02)
RV and marine	0.45			0.30			0.33			0.45			0.43
Other consumer	5.22			4.92			4.86			4.89			6.51
Total consumer	0.33			0.27			0.25			0.29			0.32
Net charge-offs as a % of average loans and leases	0.24		%	0.22		%	0.20		%	0.26		%	0.30		%

Huntington Bancshares Incorporated

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

(Unaudited)


	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	562		$	455		$	489		$	413		$	457
Commercial real estate	133			131			138			118			118
Lease financing	8			10			10			11			10
Residential mortgage	107			97			93			90			83
Automobile	6			6			5			4			6
Home equity	113			108			105			110			107
RV and marine	2			1			2			2			2

Total nonaccrual loans and leases	931			808			842			748			783



Other real estate, net	13			10			10			8			8
Other NPAs (1)	1			3			—			48			31
Total nonperforming assets	$	945		$	821		$	852		$	804		$	822

Nonaccrual loans and leases as a % of total loans and leases	0.62		%	0.59		%	0.62		%	0.56		%	0.60		%
NPA ratio (2)	0.63			0.60			0.63			0.61			0.63
(NPA+90days)/(Loan+OREO) (3)	0.82			0.76			0.81			0.77			0.82


	Three Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollar amounts in millions)	2025		2025		2025		2025		2024
Nonperforming assets, beginning of period	$	821	$	852	$	804	$	822	$	784
Acquired nonperforming assets	81		—		—		—		—
New nonperforming assets	300		252		343		250		271


Returns to accruing status	(22)		(25)		(27)		(31)		(46)
Charge-offs	(75)		(62)		(57)		(55)		(37)
Payments	(141)		(167)		(203)		(178)		(146)
Sales	(19)		(29)		(8)		(4)		(4)

Nonperforming assets, end of period	$	945	$	821	$	852	$	804	$	822

(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)


	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	1		$	1		$	4		$	2		$	3

Lease financing	9			6			14			8			11
Residential mortgage (excluding loans guaranteed by the U.S. Government)	46			35			40			29			34
Automobile	14			12			10			8			12
Home equity	16			20			18			18			20
RV and marine	4			3			2			3			4
Other consumer	6			5			4			4			4
Total, excl. loans guaranteed by the U.S. Government	96			82			92			72			88
Add: loans guaranteed by U.S. Government	186			152			149			148			151
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	282		$	234		$	241		$	220		$	239

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

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

(Unaudited)


	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	24,342		$	22,248		$	20,928		$	20,434		$	19,740
Regulatory capital adjustments:
CECL transitional amount (2)	—			—			—			—			109
Shareholders’ preferred equity and related surplus	(2,741)			(2,741)			(1,999)			(1,999)			(1,999)
Accumulated other comprehensive loss	1,904			2,065			2,241			2,422			2,866
Goodwill and other intangibles, net of taxes	(5,999)			(5,481)			(5,508)			(5,520)			(5,534)
Deferred tax assets from tax loss and credit carryforwards	(230)			(167)			(123)			(68)			(55)
Common equity tier 1 capital	17,276			15,924			15,539			15,269			15,127
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	2,741			2,741			1,999			1,999			1,999


Tier 1 capital	20,017			18,665			17,538			17,268			17,126
Long-term debt and other tier 2 qualifying instruments	1,481			1,477			1,606			1,641			1,641
Qualifying allowance for loan and lease losses	2,085			1,880			1,859			1,811			1,798
Tier 2 capital	3,566			3,357			3,465			3,452			3,439
Total risk-based capital	$	23,583		$	22,022		$	21,003		$	20,720		$	20,565
Risk-weighted assets (RWA) (1)	$	166,651		$	150,222		$	148,602		$	144,632		$	143,650
Common equity tier 1 risk-based capital ratio (1)	10.4		%	10.6		%	10.5		%	10.6		%	10.5		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	9.2			9.0			8.5			8.5			8.6
Tier 1 risk-based capital ratio (1)	12.0			12.4			11.8			11.9			11.9
Total risk-based capital ratio (1)	14.2			14.7			14.1			14.3			14.3




Reconciliation of Non-GAAP Measure (3)
Common equity tier 1 (CET1) capital (A)	$	17,276		$	15,924		$	15,539		$	15,269		$	15,127
Add: Accumulated other comprehensive income (loss) (AOCI)	(1,904)			(2,065)			(2,241)			(2,422)			(2,866)
Less: AOCI cash flow hedge	27			16			(7)			(90)			(267)
Adjusted common equity tier 1 (B)	15,345			13,843			13,305			12,937			12,528
Risk-weighted assets (C)	166,651			150,222			148,602			144,632			143,650

CET1 ratio (A/C)	10.4		%	10.6		%	10.5		%	10.6		%	10.5		%
Adjusted CET1 ratio (B/C)	9.2			9.2			9.0			8.9			8.7

(1)December 31, 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 that 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.

(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


	December 31,		September 30,		June 30,		March 31,		December 31,
	2025		2025		2025		2025		2024






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,544		1,459		1,457		1,454		1,453
Average - diluted	1,570		1,485		1,481		1,482		1,481
Ending	1,568		1,459		1,459		1,457		1,454
Tangible book value per common share	$	9.89	$	9.54	$	9.13	$	8.80	$	8.33

Non-Regulatory Capital


	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	24,342		$	22,248		$	20,928		$	20,434		$	19,740
Goodwill and other intangible assets	(6,142)			(5,611)			(5,635)			(5,646)			(5,657)
Deferred tax liability on other intangible assets (1)	30			13			16			18			20
Total tangible equity	18,230			16,650			15,309			14,806			14,103
Preferred equity	(2,731)			(2,731)			(1,989)			(1,989)			(1,989)
Total tangible common equity	$	15,499		$	13,919		$	13,320		$	12,817		$	12,114
Total assets	$	225,106		$	210,228		$	207,742		$	209,596		$	204,230
Goodwill and other intangible assets	(6,142)			(5,611)			(5,635)			(5,646)			(5,657)
Deferred tax liability on other intangible assets (1)	30			13			16			18			20
Total tangible assets	$	218,994		$	204,630		$	202,123		$	203,968		$	198,593
Shareholders' equity / total assets	10.8		%	10.6		%	10.1		%	9.7		%	9.7		%
Tangible equity / tangible asset ratio	8.3			8.1			7.6			7.3			7.1
Tangible common equity / tangible asset ratio	7.1			6.8			6.6			6.3			6.1
Tangible common equity / RWA ratio (2)	9.3			9.3			9.0			8.9			8.4

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

(2)Estimated at December 31, 2025.

Other Data


	December 31,	September 30,	June 30,	March 31,	December 31,
	2025	2025	2025	2025	2024
Number of employees (Average full-time equivalent)	20,924	20,247	20,242	20,092	20,045
Number of domestic full-service branches (1)	1,005	972	971	968	978
ATM Count	1,591	1,569	1,565	1,560	1,577

(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
	December 31,			September 30,			June 30,			March 31,			December 31,
(dollar amounts in millions)	2025			2025			2025			2025			2024
Calculation of average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity	$	21,165		$	19,197		$	18,559		$	18,007		$	17,979
Less: Intangible assets and goodwill, net of tax effect	6,015			5,610			5,624			5,632			5,641
Average tangible common shareholders' equity (A)	$	15,150		$	13,587		$	12,935		$	12,375		$	12,338
Net income applicable to common shares	$	476		$	602		$	509		$	500		$	498
Add: Amortization of intangibles, net of deferred tax	10			8			9			9			9
Adjusted net income applicable to common shares	$	486		$	610		$	518		$	509		$	507



Adjusted net income applicable to common shares, annualized (B)	$	1,928		$	2,420		$	2,078		$	2,064		$	2,021

Return on average tangible common shareholders' equity (B/A)	12.7		%	17.8		%	16.1		%	16.7		%	16.4		%

Huntington Bancshares Incorporated

Consolidated Annual Average Balance Sheets

(Unaudited)



	Annual Average Balances (1)				Change
(dollar amounts in millions)	2025		2024		Amount		Percent
Assets


Interest-earning deposits with banks	$	11,989	$	11,113	$	876	8	%
Securities:
Trading account securities	465		265		200		75
Available-for-sale securities:
Taxable	23,652		24,232		(580)		(2)
Tax-exempt	3,307		2,779		528		19
Total available-for-sale securities	26,959		27,011		(52)		—


Held-to-maturity securities - taxable	15,906		15,478		428		3


Other securities	899		789		110		14
Total securities	44,229		43,543		686		2
Loans held for sale	790		597		193		32
Loans and leases: (2)
Commercial:
Commercial and industrial	61,468		52,426		9,042		17
Commercial real estate:

Commercial	10,510		10,975		(465)		(4)
Construction	1,188		960		228		24
Commercial real estate	11,698		11,935		(237)		(2)
Lease financing	5,479		5,190		289		6
Total commercial	78,645		69,551		9,094		13
Consumer:
Residential mortgage	24,585		23,956		629		3
Automobile	15,406		13,372		2,034		15
Home equity	10,239		10,088		151		1
RV and marine	5,869		5,979		(110)		(2)
Other consumer	1,943		1,557		386		25
Total consumer	58,042		54,952		3,090		6
Total loans and leases	136,687		124,503		12,184		10
Total earning assets	193,695		179,756		13,939		8
Cash and due from banks	1,413		1,397		16		1
Goodwill and other intangible assets	5,740		5,680		60		1


All other assets	9,915		9,427		488		5
Total assets	$	210,763	$	196,260	$	14,503	7	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	45,368	$	40,401	$	4,967	12	%
Money market deposits	62,137		54,702		7,435		14
Savings deposits	15,100		15,141		(41)		—
Time deposits	13,678		15,343		(1,665)		(11)




Total interest-bearing deposits	136,283		125,587		10,696		9
Short-term borrowings	1,215		1,147		68		6
Long-term debt	17,363		15,224		2,139		14
Total interest-bearing liabilities	154,861		141,958		12,903		9
Demand deposits - noninterest-bearing	29,495		29,479		16		—
All other liabilities	4,905		5,123		(218)		(4)
Total liabilities	189,261		176,560		12,701		7
Total Huntington shareholders’ equity	21,458		19,651		1,807		9
Non-controlling interest	44		49		(5)		(10)
Total equity	21,502		19,700		1,802		9
Total liabilities and equity	$	210,763	$	196,260	$	14,503	7	%

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

(2)Includes nonaccrual loans.

Huntington Bancshares Incorporated

Consolidated Annual Net Interest Margin - Interest Income / Expense

(Unaudited)


	Annual Interest Income / Expense (1) (2)
(dollar amounts in millions)	2025		2024		2023
Assets


Interest-earning deposits with banks	$	526	$	598	$	492
Securities:
Trading account securities	17		13		4
Available-for-sale securities:
Taxable	1,023		1,251		1,016
Tax-exempt	167		141		132
Total available-for-sale securities	1,190		1,392		1,148
Held-to-maturity securities - taxable	423		385		401
Other securities	47		42		53
Total securities	1,677		1,832		1,606
Loans held for sale	50		40		35
Loans and leases:
Commercial:
Commercial and industrial	3,769		3,321		2,991
Commercial real estate:
Commercial	701		821		865
Construction	87		86		107
Commercial real estate	788		907		972
Lease Financing	365		336		289
Total commercial	4,922		4,564		4,252
Consumer:
Residential mortgage	1,031		943		825
Automobile	901		726		561
Home equity	743		780		760
RV and marine	317		310		271
Other consumer	208		181		156
Total consumer	3,200		2,940		2,573
Total loans and leases	8,122		7,504		6,825
Total earning assets	$	10,375	$	9,974	$	8,958
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	890	$	858	$	703
Money market deposits	1,825		1,994		1,365
Savings deposits	50		15		3
Time deposits	517		705		426




Total interest-bearing deposits	3,282		3,572		2,497
Short-term borrowings	50		69		179
Long-term debt	987		935		801
Total interest-bearing liabilities	4,319		4,576		3,477
Net interest income	$	6,056	$	5,398	$	5,481

(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 Annual Net Interest Margin - Yield / Rate

(Unaudited)


	Annual Average Yield / Rate (1)
	2025		2024		2023
Assets


Interest-earning deposits with banks	4.38	%	5.38	%	5.30	%
Securities:
Trading account securities	3.75		5.04		5.14
Available-for-sale securities:
Taxable	4.33		5.16		4.95
Tax-exempt	5.04		5.08		4.84
Total available-for-sale securities	4.41		5.15		4.93
Held-to-maturity securities - taxable	2.66		2.49		2.43
Other securities	5.28		5.33		5.70
Total securities	3.79		4.21		3.94
Loans held for sale	6.37		6.63		6.34
Loans and leases: (2)
Commercial:
Commercial and industrial	6.13		6.33		6.03
Commercial real estate:
Commercial	6.67		7.48		7.32
Construction	7.30		9.01		8.12
Commercial real estate	6.74		7.60		7.40
Lease financing	6.67		6.47		5.63
Total commercial	6.26		6.56		6.26
Consumer:
Residential mortgage	4.20		3.94		3.59
Automobile	5.85		5.43		4.36
Home equity	7.25		7.73		7.48
RV and marine	5.40		5.19		4.79
Other consumer	10.63		11.61		11.53
Total consumer	5.51		5.35		4.85
Total loans and leases	5.94		6.03		5.64
Total earning assets	5.36		5.55		5.22
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.96	%	2.12	%	1.76	%
Money market deposits	2.94		3.64		3.04
Savings deposits	0.33		0.10		0.02
Time deposits	3.78		4.60		3.86




Total interest-bearing deposits	2.41		2.84		2.20
Short-term borrowings	4.11		5.99		5.81
Long-term debt	5.68		6.14		6.01
Total interest-bearing liabilities	2.79		3.22		2.68

Net interest rate spread	2.57		2.33		2.54
Impact of noninterest-bearing funds on margin	0.56		0.67		0.65
Net interest margin	3.13	%	3.00	%	3.19	%


Additional Information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.53	%	7.23	%	6.95	%
Impact of commercial loan derivatives	(0.27)		(0.67)		(0.69)
Total commercial - as reported	6.26	%	6.56	%	6.26	%

Average SOFR	4.24	%	5.15	%	5.00	%

Total cost of deposits (4)	1.98	%	2.30	%	1.69	%

(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/rate 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 Annual Income Statement Data

(Unaudited)



	Year Ended December 31,				Change
(dollar amounts in millions, except per share data)	2025		2024		Amount		Percent
Interest income	$	10,310	$	9,921	$	389	4	%
Interest expense	4,319		4,576		(257)		(6)
Net interest income	5,991		5,345		646		12
Provision for credit losses	463		420		43		10
Net interest income after provision for credit losses	5,528		4,925		603		12
Payments and cash management revenue	664		620		44		7
Wealth and asset management revenue	409		364		45		12
Customer deposit and loan fees	390		334		56		17
Capital markets and advisory fees	346		327		19		6
Mortgage banking income	141		130		11		8
Insurance income	81		77		4		5
Leasing revenue	66		79		(13)		(16)


Net gains (losses) on sales of securities	(58)		(21)		(37)		NM
Other noninterest income	136		130		6		5
Total noninterest income	2,175		2,040		135		7
Personnel costs	2,995		2,701		294		11
Outside data processing and other services	772		665		107		16
Equipment	268		267		1		—
Net occupancy	232		221		11		5
Professional services	155		99		56		57
Marketing	127		116		11		9
Deposit and other insurance expense	65		114		(49)		(43)
Amortization of intangibles	46		47		(1)		(2)
Lease financing equipment depreciation	13		15		(2)		(13)
Other noninterest expense	342		317		25		8
Total noninterest expense	5,015		4,562		453		10
Income before income taxes	2,688		2,403		285		12
Provision for income taxes	459		443		16		4
Income after income taxes	2,229		1,960		269		14
Income attributable to non-controlling interest	18		20		(2)		(10)
Net income attributable to Huntington	2,211		1,940		271		14
Dividends on preferred shares	124		134		(10)		(7)
Impact of preferred stock redemptions	—		5		(5)		NM
Net income applicable to common shares	$	2,087	$	1,801	$	286	16	%
Average common shares - basic	1,479		1,451		28		2
Average common shares - diluted	1,505		1,476		29		2
Per common share
Net income - basic	$	1.41	$	1.24	$	0.17	14	%
Net income - diluted	1.39		1.22		0.17		14
Cash dividends declared	0.62		0.62		—		—
Revenue - fully taxable equivalent (FTE)
Net interest income	$	5,991	$	5,345	$	646	12	%
FTE adjustment	65		53		12		23
Net interest income (1)	6,056		5,398		658		12
Noninterest income	2,175		2,040		135		7
Total revenue (1)	$	8,231	$	7,438	$	793	11	%

NM - Not Meaningful

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

Huntington Bancshares Incorporated

Annual Mortgage Banking Noninterest Income

(Unaudited)


	Year Ended December 31,
(dollar amounts in millions)	2025			2024			2023
Net origination and secondary marketing income	$	102		$	83		$	69
Net mortgage servicing income
Loan servicing income	104			101			94
Amortization of capitalized servicing	(68)			(55)			(48)
Operating income	36			46			46
MSR valuation adjustment (1)	(3)			59			7
Gains (losses) due to MSR hedging	5			(59)			(10)
Net MSR risk management	2			—			(3)
Total net mortgage servicing income	38			46			43
All other	1			1			(3)
Mortgage banking income	$	141		$	130		$	109

Mortgage origination volume	$	8,432		$	7,416		$	7,602
Mortgage origination volume for sale	5,383			4,439			4,205

Third party mortgage loans serviced (2)	$	34,407		$	33,696		$	33,237
Mortgage servicing rights (2)	593			573			515
MSR % of investor servicing portfolio	1.72		%	1.70		%	1.55		%

(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

Annual Credit Reserves Analysis

(Unaudited)


	Year Ended December 31,
(dollar amounts in millions)	2025			2024			2023
Allowance for loan and lease losses, beginning of period	$	2,244		$	2,255		$	2,121

Loan and lease charge-offs	(526)			(531)			(454)
Recoveries of loans and leases previously charged off	210			159			181
Net loan and lease charge-offs	(316)			(372)			(273)
Provision for loan and lease losses	466			361			407
Allowance on PCD loans and leases at acquisition	71			—			—
Allowance on purchased seasoned loans and leases at acquisition (1)	72			—			—
Allowance for loan and lease losses, end of period	$	2,537		$	2,244		$	2,255
Allowance for unfunded lending commitments, beginning of period	$	202		$	145		$	150

Provision (benefit) for unfunded lending commitments	—			57			(5)
Acquired unfunded lending commitments	4			—			—

Allowance for unfunded lending commitments, end of period	206			202			145
Total allowance for credit losses, end of period	$	2,743		$	2,446		$	2,400
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.70		%	1.73		%	1.85		%
Nonaccrual loans and leases (NALs)	272			286			338
Nonperforming assets (NPAs)	269			273			317
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.83		%	1.88		%	1.97		%
Nonaccrual loans and leases (NALs)	295			312			360
Nonperforming assets (NPAs)	290			297			337


	December 31,
(dollar amounts in millions)	2025		2024		2023
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,070	$	947	$	993
Commercial real estate	569		473		522
Lease financing	92		64		48
Total commercial	1,731		1,484		1,563
Consumer
Residential mortgage	205		205		188
Automobile	181		145		142
Home equity	149		148		114
RV and marine	136		150		148
Other consumer	135		112		100
Total consumer	806		760		692
Total allowance for loan and lease losses	2,537		2,244		2,255
Allowance for unfunded lending commitments	206		202		145
Total allowance for credit losses	$	2,743	$	2,446	$	2,400

Huntington Bancshares Incorporated

Annual Net Charge-Off Analysis

(Unaudited)


	Year Ended December 31,
(dollar amounts in millions)	2025			2024			2023
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	159		$	166		$	107



Commercial real estate	(7)			52			57
Lease financing	(1)			(1)			(6)
Total commercial	151			217			158
Consumer:
Residential mortgage	1			1			2
Automobile	44			35			21
Home equity	1			(1)			(1)
RV and marine	22			22			12
Other consumer	97			98			81
Total consumer	165			155			115
Total net charge-offs	$	316		$	372		$	273

Net charge-offs (recoveries) as a percentage of average loans:
Commercial:
Commercial and industrial	0.26		%	0.32		%	0.22		%



Commercial real estate	(0.06)			0.43			0.43
Lease financing	(0.01)			(0.03)			(0.12)
Total commercial	0.19			0.31			0.23
Consumer:
Residential mortgage	0.01			0.01			0.01
Automobile	0.29			0.26			0.16
Home equity	0.01			(0.01)			(0.01)
RV and marine	0.38			0.36			0.21
Other consumer	4.98			6.32			6.03
Total consumer	0.29			0.28			0.22
Net charge-offs as a % of average loans and leases	0.23		%	0.30		%	0.23		%

Huntington Bancshares Incorporated

Annual Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)


	December 31,
(dollar amounts in millions)	2025			2024			2023
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	562		$	457		$	344
Commercial real estate	133			118			140
Lease financing	8			10			14
Residential mortgage	107			83			72
Automobile	6			6			4
Home equity	113			107			91
RV and marine	2			2			2

Total nonaccrual loans and leases	931			783			667




Other real estate, net	13			8			10
Other NPAs (1)	1			31			34
Total nonperforming assets	$	945		$	822		$	711

Nonaccrual loans and leases as a % of total loans and leases	0.62		%	0.60		%	0.55		%
NPA ratio (2)	0.63			0.63			0.58
(NPA+90days)/(Loan+OREO) (3)	0.82			0.82			0.74


	December 31,
(dollar amounts in millions)	2025		2024		2023
Nonperforming assets, beginning of period	$	822	$	711	$	594
Acquired nonperforming assets	81		—		—
New nonperforming assets	1,145		1,104		977
Returns to accruing status	(105)		(224)		(177)
Loan and lease losses	(249)		(236)		(231)
Payments	(689)		(522)		(425)
Sales and held-for-sale transfers	(60)		(11)		(27)

Nonperforming assets, end of period	$	945	$	822	$	711

(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.