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HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

March 31, 2026

Table of Contents


Quarterly Key Statistics			1



Consolidated Balance Sheets			3

Loans and Leases Composition			4

Deposits Composition			5

Consolidated Quarterly Average Balance Sheets			6

Consolidated Quarterly Net Interest Margin - Interest Income / Expense			7

Consolidated Quarterly Net Interest Margin - Yield / Rate			8

Selected Quarterly Income Statement Data			9

Quarterly Mortgage Banking Noninterest Income			10

Quarterly Credit Reserves Analysis			11

Quarterly Net Charge-Off Analysis			12

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			13

Quarterly Accruing Past Due Loans and Leases			14

Quarterly Capital Under Current Regulatory Standards (Basel III)			15

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data			16

Basis of Presentation

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

Non-GAAP Financial Measures

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

Fully-Taxable Equivalent (FTE) Basis

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

Non-Regulatory Capital Ratios

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

•Tangible common equity to tangible assets,

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

•Adjusted common equity tier 1 (CET1).

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

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

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	March 31,			December 31,			March 31,			Percent Changes vs.
	2026			2025			2025			4Q25		1Q25
Net interest income - FTE (1)	$	1,910		$	1,609		$	1,441		19	%	33	%
FTE adjustment	(19)			(17)			(15)			(12)		(27)
Net interest income	1,891			1,592			1,426			19		33
Provision for credit losses	158			123			115			28		37
Noninterest income	682			582			494			17		38
Noninterest expense	1,774			1,420			1,152			25		54
Income before income taxes	641			631			653			2		(2)
Provision for income taxes	114			108			122			6		(7)
Income after income taxes	527			523			531			1		(1)
Income attributable to non-controlling interest	4			4			4			—		—
Net income attributable to Huntington	523			519			527			1		(1)
Dividends on preferred shares	41			43			27			(5)		52

Net income applicable to common shares	$	482		$	476		$	500		1	%	(4)	%

Net income per common share - diluted	$	0.25		$	0.30		$	0.34		(17)	%	(26)	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	9.55			9.89			8.80			(3)		9

Average common shares - basic	1,869			1,544			1,454			21		29
Average common shares - diluted	1,901			1,570			1,482			21		28
Ending common shares outstanding	2,027			1,568			1,457			29		39
Return on average assets	0.81		%	0.93		%	1.04		%
Return on average common shareholders’ equity	7.2			8.9			11.3
Return on average tangible common shareholders’ equity (2)	11.6			12.7			16.7
Net interest margin (1)	3.24			3.15			3.10
Efficiency ratio (3)	67.2			64.2			58.9
Effective tax rate	17.8			17.2			18.6
Average total assets	$	262,170		$	220,230		$	205,087		19	%	28	%
Average earning assets	238,973			202,511			188,299			18		27
Average loans and leases	174,216			146,607			130,862			19		33

Average total deposits	204,616			173,156			161,600			18		27
Average Huntington shareholders’ equity	29,896			23,896			19,997			25		50
Average common shareholders' equity	27,050			21,165			18,007			28		50
Average tangible common shareholders' equity	18,024			15,150			12,375			19		46
Total assets at end of period	285,372			225,106			209,596			27		36
Total Huntington shareholders’ equity at end of period	32,535			24,342			20,434			34		59

NCOs as a % of average loans and leases	0.26		%	0.24		%	0.26		%
NAL ratio	0.71			0.62			0.56
NPA ratio (4)	0.72			0.63			0.61
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.72			1.70			1.71
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.78			1.83			1.87
Common equity tier 1 risk-based capital ratio (5)	10.2			10.4			10.6
Tangible common equity / tangible asset ratio (6)	7.0			7.1			6.3

See Notes to Quarterly Key Statistics.

Notes to Quarterly 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)March 31, 2026 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 16 for reconciliation.

Huntington Bancshares Incorporated

Consolidated Balance Sheets


	March 31,		December 31,
(dollar amounts in millions)	2026		2025		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	2,096	$	1,783	18	%


Interest-earning deposits with banks	17,579		12,295		43
Trading account securities	199		63		216
Available-for-sale securities	35,557		26,132		36
Held-to-maturity securities	14,768		15,258		(3)


Other securities	1,281		994		29
Loans held for sale	1,073		1,415		(24)
Loans and leases (1)	188,818		149,642		26
Allowance for loan and lease losses	(3,243)		(2,537)		(28)
Net loans and leases	185,575		147,105		26
Bank-owned life insurance	3,673		2,902		27
Accrued income and other receivables	2,197		2,621		(16)
Premises and equipment	2,138		1,321		62
Goodwill	9,527		5,997		59
Servicing rights and other intangible assets	1,727		752		130
Other assets	7,982		6,468		23
Total assets	$	285,372	$	225,106	27	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	223,482	$	176,610	27	%
Short-term borrowings	1,875		1,261		49	%
Long-term debt	21,594		17,221		25
Other liabilities	5,840		5,635		4
Total liabilities	252,791		200,727		26

Shareholders' equity
Preferred stock	2,881		2,731		5
Common stock	20		16		25
Capital surplus	25,273		17,244		47
Less treasury shares, at cost	(95)		(92)		(3)
Accumulated other comprehensive income (loss)	(2,059)		(1,908)		(8)
Retained earnings	6,515		6,351		3
Total Huntington shareholders’ equity	32,535		24,342		34
Non-controlling interest	46		37		24
Total equity	32,581		24,379		34
Total liabilities and equity	$	285,372	$	225,106	27	%

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

(1)See page 4 for detail of loans and leases.

(2)See page 5 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)


	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2026				2025				2025				2025				2025
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	89,282	47	%	$	69,442	46	%	$	62,978	45	%	$	60,723	45	%	$	58,948	45	%



Commercial real estate	24,337		13		15,209		10		10,732		8		10,698		8		10,968		8
Lease financing	5,796		3		5,727		4		5,515		4		5,516		4		5,451		4
Total commercial	119,415		63		90,378		60		79,225		57		76,937		57		75,367		57
Consumer:
Residential mortgage	33,458		19		24,777		17		24,502		18		24,527		19		24,369		19
Automobile	15,953		8		16,168		11		15,996		12		15,382		11		14,877		11
Home equity	11,831		6		10,395		7		10,314		7		10,221		8		10,130		8
RV and marine	5,627		3		5,682		4		5,805		4		5,907		4		5,939		4
Other consumer	2,534		1		2,242		1		2,114		2		1,986		1		1,823		1
Total consumer	69,403		37		59,264		40		58,731		43		58,023		43		57,138		43
Total loans and leases	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%

Ending balances by business segment:
Consumer & Regional Banking	$	104,578	55	%	$	79,069	53	%	$	75,027	55	%	$	73,887	55	%	$	72,653	55	%
Commercial Banking	84,199		45		70,391		47		62,755		45		60,823		45		59,726		45



Treasury / Other	41		—		182		—		174		—		250		—		126		—
Total loans and leases	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%

Average balances by business segment:
Consumer & Regional Banking	$	95,969	55	%	$	77,908	53	%	$	74,306	55	%	$	73,154	55	%	$	72,043	55	%
Commercial Banking	78,029		45		68,388		47		61,373		45		59,806		45		58,588		45



Treasury / Other	218		—		311		—		265		—		211		—		231		—
Total loans and leases	$	174,216	100	%	$	146,607	100	%	$	135,944	100	%	$	133,171	100	%	$	130,862	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2026				2025				2025				2025				2025
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	40,839	18	%	$	32,205	18	%	$	28,596	17	%	$	28,656	18	%	$	30,217	18	%
Demand deposits - interest-bearing	61,086		27		48,510		27		46,056		28		45,468		28		44,992		28
Money market deposits	75,554		34		65,123		37		62,837		38		60,998		37		61,608		37
Savings deposits	18,971		9		15,426		9		14,986		9		15,112		9		15,179		9
Time deposits	27,032		12		15,346		9		12,737		8		13,146		8		13,341		8




Total deposits	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%






Ending balances by business segment:

Consumer & Regional Banking	$	153,000	69	%	$	117,188	66	%	$	110,043	67	%	$	111,926	68	%	$	112,972	68	%
Commercial Banking	60,775		27		50,657		29		47,651		28		43,691		27		44,090		27


Treasury / Other	9,707		4		8,765		5		7,518		5		7,763		5		8,275		5
Total deposits	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%









Average balances by business segment:

Consumer & Regional Banking	$	138,557	67	%	$	114,613	66	%	$	111,138	68	%	$	112,135	69	%	$	110,974	69	%
Commercial Banking	56,622		28		50,470		29		46,346		28		43,288		26		42,714		26


Treasury / Other	9,437		5		8,073		5		7,328		4		8,006		5		7,912		5
Total deposits	$	204,616	100	%	$	173,156	100	%	$	164,812	100	%	$	163,429	100	%	$	161,600	100	%

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Quarterly Average Balances (1)
	March 31,		December 31,		September 30,		June 30,		March 31,		Percent Changes vs.
(dollar amounts in millions)	2026		2025		2025		2025		2025		4Q25		1Q25
Assets:



Interest-earning deposits with banks	$	15,634	$	12,231	$	11,823	$	12,264	$	11,632	28	%	34	%
Securities:
Trading account securities	235		112		629		634		487		110		(52)
Available-for-sale securities:
Taxable	28,063		22,879		23,485		24,015		24,245		23		16
Tax-exempt	3,441		3,405		3,318		3,251		3,254		1		6
Total available-for-sale securities	31,504		26,284		26,803		27,266		27,499		20		15


Held-to-maturity securities - taxable	14,975		15,397		15,752		16,130		16,358		(3)		(8)





Other securities	1,219		949		888		881		877		28		39
Total securities	47,933		42,742		44,072		44,911		45,221		12		6
Loans held for sale	1,190		931		893		746		584		28		104
Loans and leases: (2)
Commercial:
Commercial and industrial	81,535		67,378		61,440		59,393		57,555		21		42



Commercial real estate	21,138		14,268		10,692		10,785		11,021		48		92
Lease financing	5,754		5,498		5,483		5,458		5,476		5		5
Total commercial	108,427		87,144		77,615		75,636		74,052		24		46
Consumer:
Residential mortgage	30,392		25,098		24,511		24,423		24,299		21		25
Automobile	16,056		16,114		15,693		15,132		14,665		—		9
Home equity	11,325		10,372		10,264		10,196		10,123		9		12
RV and marine	5,631		5,747		5,860		5,921		5,951		(2)		(5)
Other consumer	2,385		2,132		2,001		1,863		1,772		12		35
Total consumer	65,789		59,463		58,329		57,535		56,810		11		16
Total loans and leases	174,216		146,607		135,944		133,171		130,862		19		33
Total earning assets	238,973		202,511		192,732		191,092		188,299		18		27
Cash and due from banks	1,778		1,396		1,445		1,407		1,404		27		27
Goodwill and other intangible assets	9,175		6,043		5,625		5,640		5,651		52		62


All other assets	12,244		10,280		9,925		9,713		9,733		19		26
Total assets	$	262,170	$	220,230	$	209,727	$	207,852	$	205,087	19	%	28	%
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing	$	52,985	$	47,185	$	45,980	$	44,677	$	43,582	12	%	22	%
Money market deposits	75,216		65,182		62,009		61,090		60,213		15		25
Savings deposits	18,033		15,360		15,042		15,127		14,866		17		21
Time deposits	22,864		14,661		12,773		13,290		13,993		56		63




Total interest-bearing deposits	169,098		142,388		135,804		134,184		132,654		19		27
Short-term borrowings	1,745		897		1,267		1,261		1,439		95		21
Long-term debt	20,248		17,335		17,433		17,776		16,901		17		20
Total interest-bearing liabilities	191,091		160,620		154,504		153,221		150,994		19		27
Demand deposits - noninterest-bearing	35,518		30,768		29,008		29,245		28,946		15		23
All other liabilities	5,624		4,907		4,826		4,788		5,102		15		10
Total liabilities	232,233		196,295		188,338		187,254		185,042		18		26
Total Huntington shareholders’ equity	29,896		23,896		21,348		20,548		19,997		25		50
Non-controlling interest	41		39		41		50		48		5		(15)
Total equity	29,937		23,935		21,389		20,598		20,045		25		49
Total liabilities and equity	$	262,170	$	220,230	$	209,727	$	207,852	$	205,087	19	%	28	%

(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)
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2026		2025		2025		2025		2025
Assets


Interest-earning deposits with banks	$	141	$	124	$	134	$	139	$	129
Securities:
Trading account securities	2		—		7		6		4
Available-for-sale securities:
Taxable	258		212		246		278		287
Tax-exempt	42		43		41		41		42
Total available-for-sale securities	300		255		287		319		329
Held-to-maturity securities - taxable	99		103		105		107		108



Other securities	16		11		12		12		12
Total securities	417		369		411		444		453
Loans held for sale	18		14		15		12		9
Loans and leases:
Commercial:
Commercial and industrial	1,191		1,023		959		914		873



Commercial real estate	327		233		187		183		185
Lease financing	99		91		93		92		89
Total commercial	1,617		1,347		1,239		1,189		1,147
Consumer:
Residential mortgage	353		269		259		253		250
Automobile	232		241		234		219		207
Home equity	193		184		190		186		183
RV and marine	76		80		80		79		78
Other consumer	58		54		55		51		48
Total consumer	912		828		818		788		766
Total loans and leases	2,529		2,175		2,057		1,977		1,913
Total earning assets	$	3,105	$	2,682	$	2,617	$	2,572	$	2,504
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	246	$	227	$	235	$	223	$	205
Money market deposits	446		437		466		464		458
Savings deposits	30		19		13		11		7
Time deposits	198		137		116		124		140




Total interest-bearing deposits	920		820		830		822		810
Short-term borrowings	16		10		13		13		14
Long-term debt	259		243		251		254		239
Total interest-bearing liabilities	1,195		1,073		1,094		1,089		1,063
Net interest income	$	1,910	$	1,609	$	1,523	$	1,483	$	1,441

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 9 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)
	March 31,		December 31,		September 30,		June 30,		March 31,
	2026		2025		2025		2025		2025
Assets
Interest-earning deposits with banks	3.62	%	4.03	%	4.53	%	4.52	%	4.45	%
Securities:
Trading account securities	3.70		2.58		4.03		3.72		3.67
Available-for-sale securities:
Taxable	3.67		3.72		4.19		4.62		4.73
Tax-exempt	4.86		4.99		5.02		4.93		5.22
Total available-for-sale securities	3.80		3.88		4.29		4.66		4.79
Held-to-maturity securities - taxable	2.65		2.66		2.66		2.66		2.64



Other securities	5.17		4.86		5.15		5.85		5.28
Total securities	3.48		3.46		3.72		3.95		4.01
Loans held for sale	6.19		6.13		6.52		6.43		6.48
Loans and leases: (2)
Commercial:
Commercial and industrial	5.85		5.94		6.11		6.09		6.07



Commercial real estate	6.17		6.39		6.86		6.71		6.72
Lease financing	6.86		6.48		6.69		6.66		6.49
Total commercial	5.96		6.05		6.25		6.22		6.19
Consumer:
Residential mortgage	4.65		4.29		4.23		4.15		4.11
Automobile	5.86		5.93		5.92		5.82		5.71
Home equity	6.89		7.02		7.34		7.32		7.33
RV and marine	5.44		5.53		5.41		5.31		5.34
Other consumer	9.88		10.11		10.82		10.88		11.01
Total consumer	5.59		5.54		5.57		5.49		5.44
Total loans and leases	5.82		5.84		5.96		5.91		5.87
Total earning assets	5.27		5.25		5.39		5.40		5.39
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.88		1.91		2.02		2.00		1.91
Money market deposits	2.41		2.66		2.99		3.05		3.08
Savings deposits	0.68		0.47		0.35		0.28		0.20
Time deposits	3.50		3.69		3.60		3.74		4.06
Total interest-bearing deposits	2.21		2.28		2.43		2.46		2.48
Short-term borrowings	3.83		4.45		3.90		4.37		3.87
Long-term debt	5.09		5.61		5.75		5.69		5.68
Total interest-bearing liabilities	2.53		2.65		2.81		2.85		2.86

Net interest rate spread	2.74		2.60		2.58		2.55		2.53
Impact of noninterest-bearing funds on margin	0.50		0.55		0.55		0.56		0.57
Net interest margin	3.24	%	3.15	%	3.13	%	3.11	%	3.10	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.04	%	6.23	%	6.50	%	6.49	%	6.57	%
Impact of commercial loan derivatives	(0.08)		(0.18)		(0.25)		(0.27)		(0.38)
Total commercial - as reported	5.96	%	6.05	%	6.25	%	6.22	%	6.19	%
Average SOFR	3.66	%	4.00	%	4.33	%	4.32	%	4.33	%

Total cost of deposits (4)	1.82	%	1.88	%	2.00	%	2.02	%	2.03	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 9 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)	March 31,		December 31,		September 30,		June 30,		March 31,
	2026		2025		2025		2025		2025
Interest income	$	3,086	$	2,665	$	2,600	$	2,556	$	2,489
Interest expense	1,195		1,073		1,094		1,089		1,063
Net interest income	1,891		1,592		1,506		1,467		1,426
Provision for credit losses	158		123		122		103		115
Net interest income after provision for credit losses	1,733		1,469		1,384		1,364		1,311
Payments and cash management revenue	187		170		174		165		155
Wealth and asset management revenue	120		102		104		102		101
Customer deposit and loan fees	110		107		102		95		86
Capital markets and advisory fees	132		101		94		84		67
Mortgage banking income	32		39		43		28		31
Insurance income	21		22		20		19		20
Leasing revenue	13		19		23		10		14


Net gains (losses) on sales of securities	13		—		—		(58)		—
Other noninterest income	54		22		68		26		20
Total noninterest income	682		582		628		471		494
Personnel costs	992		845		757		722		671
Outside data processing and other services	311		222		198		182		170
Equipment	93		67		66		68		67
Net occupancy	85		56		57		54		65
Professional services	44		80		31		22		22
Marketing	37		36		34		28		29
Deposit and other insurance expense	35		(1)		9		20		37
Amortization of intangibles	41		13		11		11		11
Lease financing equipment depreciation	3		3		4		2		4
Other noninterest expense	133		99		79		88		76
Total noninterest expense	1,774		1,420		1,246		1,197		1,152
Income before income taxes	641		631		766		638		653
Provision for income taxes	114		108		133		96		122
Income after income taxes	527		523		633		542		531
Income attributable to non-controlling interest	4		4		4		6		4
Net income attributable to Huntington	523		519		629		536		527
Dividends on preferred shares	41		43		27		27		27

Net income applicable to common shares	$	482	$	476	$	602	$	509	$	500

Average common shares - basic	1,869		1,544		1,459		1,457		1,454
Average common shares - diluted	1,901		1,570		1,485		1,481		1,482

Per common share
Net income - basic	$	0.26	$	0.31	$	0.41	$	0.35	$	0.34
Net income - diluted	0.25		0.30		0.41		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	$	1,891	$	1,592	$	1,506	$	1,467	$	1,426
FTE adjustment	19		17		17		16		15
Net interest income (1)	1,910		1,609		1,523		1,483		1,441
Noninterest income	682		582		628		471		494
Total revenue (1)	$	2,592	$	2,191	$	2,151	$	1,954	$	1,935

(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
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2026			2025			2025			2025			2025			4Q25		1Q25
Net origination and secondary marketing income	$	35		$	28		$	30		$	26		$	18		25	%	94	%
Net mortgage servicing income
Loan servicing income	32			26			26			26			26			23		23
Amortization of capitalized servicing	(21)			(20)			(17)			(18)			(13)			(5)		(62)
Operating income	11			6			9			8			13			83		(15)
MSR valuation adjustment (1)	(5)			13			(1)			—			(15)			(138)		67
Gains (losses) due to MSR hedging	(10)			(8)			4			(6)			15			(25)		(167)
Net MSR risk management	(15)			5			3			(6)			—			(400)		(100)
Total net mortgage servicing income	(4)			11			12			2			13			(136)		(131)
All other	1			—			1			—			—			100		100
Mortgage banking income	$	32		$	39		$	43		$	28		$	31		(18)	%	3	%

Mortgage origination volume	$	2,323		$	2,178		$	2,243		$	2,412		$	1,599		7	%	45	%
Mortgage origination volume for sale	1,457			1,421			1,516			1,508			938			3		55

Third party mortgage loans serviced (2)	$	42,796		$	34,407		$	34,370		$	33,925		$	33,864		24	%	26	%
Mortgage servicing rights (2)	735			593			576			567			564			24		30
MSR % of investor servicing portfolio (2)	1.72		%	1.72		%	1.67		%	1.67		%	1.66		%	—	%	4	%

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

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Allowance for loan and lease losses, beginning of period	$	2,537		$	2,374		$	2,331		$	2,263		$	2,244

Loan and lease charge-offs	(173)			(145)			(137)			(111)			(133)
Recoveries of loans and leases previously charged off	62			56			62			45			47
Net loan and lease charge-offs	(111)			(89)			(75)			(66)			(86)
Provision for loan and lease losses	250			109			118			134			105
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition	322			71			—			—			—
Allowance on purchased seasoned loans and leases at acquisition (1)	245			72			—			—			—
Allowance for loan and lease losses, end of period	3,243			2,537			2,374			2,331			2,263
Allowance for unfunded lending commitments, beginning of period	206			188			184			215			202

Provision (benefit) for unfunded lending commitments	(92)			14			4			(31)			13
Allowance for unfunded lending commitments at acquisition	11			4			—			—			—

Allowance for unfunded lending commitments, end of period	125			206			188			184			215
Total allowance for credit losses, end of period	$	3,368		$	2,743		$	2,562		$	2,515		$	2,478
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.72		%	1.70		%	1.72		%	1.73		%	1.71		%
Nonaccrual loans and leases (NALs)	243			272			294			277			302
Nonperforming assets (NPAs)	239			269			289			274			281
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.78		%	1.83		%	1.86		%	1.86		%	1.87		%
Nonaccrual loans and leases (NALs)	253			295			317			299			331
Nonperforming assets (NPAs)	248			290			312			295			308

(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.



	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2026		2025		2025		2025		2025
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,390	$	1,070	$	1,084	$	1,068	$	1,017
Commercial real estate	819		569		419		417		443
Lease financing	96		92		65		63		60
Total commercial	2,305		1,731		1,568		1,548		1,520
Consumer
Residential mortgage	291		205		204		208		199
Automobile	178		181		172		161		150
Home equity	171		149		160		153		140
RV and marine	134		136		141		143		146
Other consumer	164		135		129		118		108
Total consumer	938		806		806		783		743
Total allowance for loan and lease losses	3,243		2,537		2,374		2,331		2,263
Allowance for unfunded lending commitments	125		206		188		184		215
Total allowance for credit losses	$	3,368	$	2,743	$	2,562	$	2,515	$	2,478

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	54		$	40		$	39		$	32		$	48



Commercial real estate	2			8			(4)			(3)			(8)
Lease financing	—			(8)			1			2			4
Total commercial	56			40			36			31			44
Consumer:
Residential mortgage	1			—			—			1			—
Automobile	15			14			10			7			13
Home equity	—			—			1			—			—
RV and marine	7			6			4			5			7
Other consumer	32			29			24			22			22
Total consumer	55			49			39			35			42
Total net charge-offs	$	111		$	89		$	75		$	66		$	86





Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.26		%	0.24		%	0.25		%	0.22		%	0.33		%



Commercial real estate	0.03			0.21			(0.13)			(0.14)			(0.26)
Lease financing	0.01			(0.53)			0.04			0.12			0.33
Total commercial	0.21			0.18			0.18			0.16			0.24
Consumer:
Residential mortgage	0.02			0.01			0.01			0.01			—
Automobile	0.38			0.36			0.26			0.19			0.35
Home equity	0.02			(0.01)			0.01			0.01			—
RV and marine	0.51			0.45			0.30			0.33			0.45
Other consumer	5.30			5.22			4.92			4.86			4.89
Total consumer	0.34			0.33			0.27			0.25			0.29
Net charge-offs as a % of average loans and leases	0.26		%	0.24		%	0.22		%	0.20		%	0.26		%

Huntington Bancshares Incorporated

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

(Unaudited)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	824		$	562		$	455		$	489		$	413
Commercial real estate	188			133			131			138			118
Lease financing	9			8			10			10			11
Residential mortgage	185			107			97			93			90
Automobile	6			6			6			5			4
Home equity	117			113			108			105			110
RV and marine	2			2			1			2			2
Other consumer	1			—			—			—			—
Total nonaccrual loans and leases	1,332			931			808			842			748



Other real estate, net	22			13			10			10			8
Other NPAs (1)	3			1			3			—			48
Total nonperforming assets	$	1,357		$	945		$	821		$	852		$	804

Nonaccrual loans and leases as a % of total loans and leases	0.71		%	0.62		%	0.59		%	0.62		%	0.56		%
NPA ratio (2)	0.72			0.63			0.60			0.63			0.61
(NPA+90days)/(Loan+OREO) (3)	0.94			0.82			0.76			0.81			0.77


	Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2026		2025		2025		2025		2025
Nonperforming assets, beginning of period	$	945	$	821	$	852	$	804	$	822
Acquired nonperforming assets	295		81		—		—		—
New nonperforming assets	403		300		252		343		250


Returns to accruing status	(52)		(22)		(25)		(27)		(31)
Charge-offs	(121)		(75)		(62)		(57)		(55)
Payments	(108)		(141)		(167)		(203)		(178)
Sales	(5)		(19)		(29)		(8)		(4)

Nonperforming assets, end of period	$	1,357	$	945	$	821	$	852	$	804

(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)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	2		$	1		$	1		$	4		$	2
Commercial real estate	3			—			—			—			—
Lease financing	5			9			6			14			8
Residential mortgage (excluding loans guaranteed by the U.S. Government)	46			46			35			40			29
Automobile	12			14			12			10			8
Home equity	22			16			20			18			18
RV and marine	3			4			3			2			3
Other consumer	6			6			5			4			4
Total, excl. loans guaranteed by the U.S. Government	99			96			82			92			72
Add: loans guaranteed by U.S. Government	322			186			152			149			148
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	421		$	282		$	234		$	241		$	220

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

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

(Unaudited)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	32,535		$	24,342		$	22,248		$	20,928		$	20,434
Regulatory capital adjustments:

Shareholders’ preferred equity and related surplus	(2,891)			(2,741)			(2,741)			(1,999)			(1,999)
Accumulated other comprehensive loss	2,055			1,904			2,065			2,241			2,422
Goodwill and other intangibles, net of taxes	(10,180)			(5,999)			(5,481)			(5,508)			(5,520)
Deferred tax assets from tax loss and credit carryforwards	(359)			(220)			(167)			(123)			(68)
Common equity tier 1 capital	21,160			17,286			15,924			15,539			15,269
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	2,891			2,741			2,741			1,999			1,999


Tier 1 capital	24,051			20,027			18,665			17,538			17,268
Long-term debt and other tier 2 qualifying instruments	2,126			1,480			1,477			1,606			1,641
Qualifying allowance for loan and lease losses	2,595			2,086			1,880			1,859			1,811
Tier 2 capital	4,721			3,566			3,357			3,465			3,452
Total risk-based capital	$	28,772		$	23,593		$	22,022		$	21,003		$	20,720
Risk-weighted assets (RWA) (1)	$	208,126		$	166,684		$	150,222		$	148,602		$	144,632
Common equity tier 1 risk-based capital ratio (1)	10.2		%	10.4		%	10.6		%	10.5		%	10.6		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	9.5			9.3			9.0			8.5			8.5
Tier 1 risk-based capital ratio (1)	11.6			12.0			12.4			11.8			11.9
Total risk-based capital ratio (1)	13.8			14.2			14.7			14.1			14.3




Reconciliation of Non-GAAP Measure (2)
Common equity tier 1 (CET1) capital (A)	$	21,160		$	17,286		$	15,924		$	15,539		$	15,269
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,055)			(1,904)			(2,065)			(2,241)			(2,422)
Less: AOCI cash flow hedge	(49)			27			16			(7)			(90)
Adjusted common equity tier 1 (B)	19,154			15,355			13,843			13,305			12,937
Risk-weighted assets (C)	208,126			166,684			150,222			148,602			144,632

CET1 ratio (A/C)	10.2		%	10.4		%	10.6		%	10.5		%	10.6		%
Adjusted CET1 ratio (B/C)	9.2			9.2			9.2			9.0			8.9

(1)March 31, 2026 figures are estimated.

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

Huntington Bancshares Incorporated

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

(Unaudited)

Quarterly Common Stock Summary


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






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,869		1,544		1,459		1,457		1,454
Average - diluted	1,901		1,570		1,485		1,481		1,482
Ending	2,027		1,568		1,459		1,459		1,457
Tangible book value per common share	$	9.55	$	9.89	$	9.54	$	9.13	$	8.80

Non-Regulatory Capital


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	32,535		$	24,342		$	22,248		$	20,928		$	20,434
Goodwill and other intangible assets	(10,496)			(6,142)			(5,611)			(5,635)			(5,646)
Deferred tax liability on other intangible assets (1)	203			30			13			16			18
Total tangible equity	22,242			18,230			16,650			15,309			14,806
Preferred equity	(2,881)			(2,731)			(2,731)			(1,989)			(1,989)
Total tangible common equity	$	19,361		$	15,499		$	13,919		$	13,320		$	12,817
Total assets	$	285,372		$	225,106		$	210,228		$	207,742		$	209,596
Goodwill and other intangible assets	(10,496)			(6,142)			(5,611)			(5,635)			(5,646)
Deferred tax liability on other intangible assets (1)	203			30			13			16			18
Total tangible assets	$	275,079		$	218,994		$	204,630		$	202,123		$	203,968
Shareholders' equity / total assets	11.4		%	10.8		%	10.6		%	10.1		%	9.7		%
Tangible equity / tangible asset ratio	8.1			8.3			8.1			7.6			7.3
Tangible common equity / tangible asset ratio	7.0			7.1			6.8			6.6			6.3
Tangible common equity / RWA ratio (2)	9.3			9.3			9.3			9.0			8.9

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

(2)Estimated at March 31, 2026.

Other Data


	March 31,	December 31,	September 30,	June 30,	March 31,
	2026	2025	2025	2025	2025
Number of employees (Average full-time equivalent)	24,641	20,924	20,247	20,242	20,092
Number of domestic full-service branches (1)	1,403	1,005	972	971	968
ATM Count	2,043	1,591	1,569	1,565	1,560

(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
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Calculation of average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity	$	27,050		$	21,165		$	19,197		$	18,559		$	18,007
Less: Intangible assets and goodwill, net of tax effect	9,026			6,015			5,610			5,624			5,632
Average tangible common shareholders' equity (A)	$	18,024		$	15,150		$	13,587		$	12,935		$	12,375
Net income applicable to common shares	$	482		$	476		$	602		$	509		$	500
Add: Amortization of intangibles, net of deferred tax	33			10			8			9			9
Adjusted net income applicable to common shares	$	515		$	486		$	610		$	518		$	509



Adjusted net income applicable to common shares, annualized (B)	$	2,089		$	1,928		$	2,420		$	2,078		$	2,064

Return on average tangible common shareholders' equity (B/A)	11.6		%	12.7		%	17.8		%	16.1		%	16.7		%