Form 8-K

8-K — HUNTINGTON BANCSHARES INC /MD/

Accession: 0000049196-26-000084

Filed: 2026-10-22

Period: 2026-10-22

CIK: 0000049196

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — hban-20261022.htm (Primary)

EX-99.1 (hban20260930_8kex991.htm)

EX-99.2 (hban20260930_8kex992.htm)

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GRAPHIC (huntington_exceptionxlogoxa.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: hban-20261022.htm · Sequence: 1

hban-20261022

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________________________________________________________________________________

FORM 8-K

_______________________________________________________________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 22, 2026

______________________________________________________________________________________________________________________________

Huntington Bancshares Incorporated

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________________________________________________________

Maryland 1-34073 31-0724920

(State or other jurisdiction of

incorporation or organization) (Commission

File Number) (I.R.S. Employer

Identification No.)

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

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

Not Applicable

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

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

☐

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

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

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

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

_______________________________________________________________________________________________________________________________

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

Title of each class Trading

Symbol(s) Name of each exchange on which registered

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

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

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

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

HBANZ

The Nasdaq Stock Market LLC

Common Stock—Par Value $0.01 per Share HBAN The Nasdaq Stock Market LLC

Nasdaq Texas, LLC

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

Emerging growth company ☐

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

Item 2.02. Results of Operations and Financial Condition.

On October 22, 2026, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended September 30, 2026. Also on October 22, 2026, Huntington made a Quarterly Financial Supplement available in the Investor Relations section of Huntington’s website. Copies of Huntington's news release and quarterly financial supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference in this Item 2.02.

Huntington’s senior management will host an earnings conference call on October 22, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington-ir.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13762987. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through October 30, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13762987.

Caution Regarding Forward-Looking Statements

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

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

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

All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the “Forward-Looking Statements” and “Risk Factors” of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.

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

Item 9.01. Financial Statements and Exhibits.

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

(d)Exhibits.

Exhibit No. Description

Exhibit 99.1

News release of Huntington Bancshares Incorporated, dated October 22, 2026

Exhibit 99.2

Quarterly Financial Supplement, September 30, 2026

Exhibit 104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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

HUNTINGTON BANCSHARES INCORPORATED

Date: October 22, 2026 By:

/s/ Zachary Wasserman

Zachary Wasserman

Chief Financial Officer

EX-99.1

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Document

Exhibit 99.1

Huntington Bancshares Incorporated Reports 2026 Third-Quarter Earnings

Key Q3 Financial Data Key Q3 Highlights

($ in millions, except per share data) 3Q26 2Q26 3Q25

•EPS of $0.33, unchanged for the quarter

•Adjusted EPS(1), which excludes the impact of Notable Items (as detailed in "Notable Items Influencing Earnings") was $0.38, down $0.01 from the prior quarter

•ROTCE(1) of 14.6% and adjusted ROTCE(1)(2) of 16.6%

•Net interest income increased 1% quarter-over-quarter; NIM of 3.25% was up 4 basis points driven by higher yields on investment securities and modestly lower overall net funding costs

•Noninterest income decreased 8% quarter-over-quarter, largely due to lower capital markets fees and unfavorable equity valuation adjustments

•Noninterest expense, excluding the impact of acquisition-related expenses, remained flat quarter-over-quarter

•Average total loans and leases were down 0.4% compared to the prior quarter driven by declines in CRE and total consumer loans, partially offset by higher C&I loans

•Average total deposits increased 0.2% quarter-over-quarter, with higher money market and interest-bearing demand balances, partially offset by lower time deposits

•Maintained strong capital position, with CET1 risk-based capital ratio of 10.1%(3), adjusted CET1(1) risk-based capital ratio of 8.9%(3), and TCE(1) ratio of 6.9%

•TBV per common share(1) of $9.47 was down $0.18, or 2%, from the prior quarter, largely due to the impact of market interest rates unfavorably impacting AOCI

•Repurchased $100 million of common shares, bringing the total to $409 million and representing approximately 25 million shares repurchased year‑to‑date

Summary Income Statement

Net interest income $ 2,069 $ 2,052 $ 1,506

Net interest income - FTE (1)

2,090 2,072 1,523

Noninterest income 722 785 628

Total revenue 2,791 2,837 2,134

Total revenue - FTE (1)

2,812 2,857 2,151

Noninterest expense 1,772 1,809 1,246

Net income applicable to common shares 680 686 602

PPNR (1)

1,040 1,048 905

Key Metrics

Diluted EPS $ 0.33 $ 0.33 $ 0.41

TBV per common share (1)

9.47 9.65 9.54

Return on average assets 1.01 % 1.02 % 1.19 %

ROCE 9.1 9.3 12.4

ROTCE (1)

14.6 15.1 17.8

Adjusted ROTCE (1)(2)

16.6 17.5 17.4

Net interest margin - FTE 3.25 3.21 3.13

Efficiency ratio (1)

61.2 61.5 57.4

TCE ratio (1)

6.9 7.1 6.8

CET1 ratio (3)

10.1 10.0 10.6

Adjusted CET1 ratio (1)(3)

8.9 9.0 9.2

NCO ratio 0.31 0.25 0.22

NPA ratio 0.90 0.85 0.60

ACL ratio 1.75 1.78 1.86

Average Balances

Earning assets $ 255,274 $ 258,600 $ 192,732

Loans and leases 188,449 189,255 135,944

Deposits 223,816 223,403 164,812

CEO Commentary

"Huntington delivered a solid quarter, reflecting disciplined execution and continued business momentum across the franchise," said Steve Steinour, Huntington chairman and chief executive officer. "We are also seeing increasing benefits from our recent partnerships with Veritex and Cadence, and are achieving our targeted cost and revenue synergies. Our results reflect our disciplined growth strategy, in line with our aggregate moderate-to-low risk profile, and give us confidence that we are on track to meet our financial targets and deliver sustained growth in earnings, tangible book value and long-term shareholder returns."

Contact

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

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

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

(2)Represents ROTCE, excluding the impact of Notable Items.

(3)Preliminary at September 30, 2026.

Notable Items Influencing Earnings

The following table details certain items that we believe are important to understanding corporate performance and trends (see Basis of Presentation).

Pretax Impact (1)

After-tax Impact (1)

($ in millions, except per share) Amount Net Income

EPS (2)

Three Months Ended September 30, 2026

Net income and EPS (GAAP) $ 721 $ 0.33

• Acquisition-related expenses $ (117) (92) (0.05)

• Acquired equity security conversion adjustment (8) (6) —

Adjusted net income and EPS (non-GAAP) $ 819 $ 0.38

Three Months Ended June 30, 2026

Net income and EPS (GAAP) $ 727 $ 0.33

• Acquisition-related expenses $ (152) (116) (0.06)

Adjusted net income and EPS (non-GAAP) $ 843 $ 0.39

Three Months Ended September 30, 2025

Net income and EPS (GAAP)

$ 629 $ 0.41

• Acquisition-related expenses $ (14) (11) (0.01)

•

FDIC DIF special assessment (3)

6 5 0.01

•

Gain on sale of a portion of a corporate trust and custody business

24 19 0.01

Adjusted net income and EPS (non-GAAP)

$ 616 $ 0.40

(1)Favorable (unfavorable) impact.

(2)EPS reflected on a fully diluted basis.

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

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

Net Interest Income, Net Interest Margin, Average Balances, and Yields/Rates

($ in millions) Quarter Ended

Change

3Q26 2Q26 3Q25 LQ YOY

Net interest income $ 2,069 $ 2,052 $ 1,506 $ 17 1 % $ 563 37 %

FTE adjustment 21 20 17 1 5 4 24

Net interest income - FTE (1)

$ 2,090 $ 2,072 $ 1,523 $ 18 1 $ 567 37

Net interest margin

3.25 % 3.21 % 3.13 % 4 bps 12 bps

Average Balances

Total earning assets $ 255,274 $ 258,600 $ 192,732 $ (3,326) (1) % $ 62,542 32 %

Total loans and leases 188,449 189,255 135,944 (806) — 52,505 39

Total investment and other securities 50,593 50,913 43,443 (320) (1) 7,150 16

Total interest-bearing liabilities

202,959 206,253 154,504 (3,294) (2) 48,455 31

Total interest-bearing deposits 183,662 183,395 135,804 267 — 47,858 35

Yields / Rates (1)

Total earning assets

5.30 % 5.28 % 5.39 % 2 bps (9) bps

Total loans and leases 5.84 5.84 5.96 — bps (12) bps

Total investment and other securities 3.59 3.47 3.72 12 bps (13) bps

Total interest-bearing liabilities

2.58 2.59 2.81 (1) bps (23) bps

Total interest-bearing deposits 2.31 2.29 2.43 2 bps (12) bps

Total cost of deposits 1.90 1.88 2.00 2 bps (10) bps

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See Page 6 of Quarterly Financial Supplement for additional yield/rate detail.

Fully-taxable equivalent (FTE) net interest income for the third quarter increased $18 million, or 1%, from the prior quarter, driven by a 4 basis point increase in the net interest margin (NIM). The increase in NIM reflected higher earning-asset yields, primarily from reinvestment into higher yielding investment securities, and a decrease in average total borrowings, partially offset by higher deposit costs.

•Average earning assets decreased $3.3 billion, or 1%, primarily due to a $2.7 billion, or 16%, decrease in interest-earning deposits with banks and a $806 million decrease in average loans and leases.

•The yield on total investment and other securities increased quarter-over-quarter.

•Average interest-bearing liabilities decreased $3.3 billion, or 2%, primarily due to a $3.6 billion, or 16%, decrease in average total borrowings, partially offset by a $267 million increase in interest-bearing deposits.

•The average cost of total deposits increased 2 basis points quarter-over-quarter.

Fully-taxable equivalent (FTE) net interest income for the third quarter increased $567 million, or 37%, from the year-ago quarter, driven by higher average earning assets and an increase in NIM, partially offset by higher interest-bearing liabilities. NIM was 3.25%, up 12 basis points, reflecting a decrease in deposit costs, partially offset by lower earning-asset yields.

•Average earning assets increased $62.5 billion, or 32%, primarily due to a $52.5 billion, or 39%, increase in average loans and leases driven by loans acquired in the Cadence and Veritex acquisitions, in addition to organic loan growth.

•The yield on the total loan and lease portfolio was 5.84%, a decrease of 12 basis points.

•Average interest-bearing liabilities increased $48.5 billion, or 31%, primarily due to a $47.9 billion, or 35%, increase in interest-bearing deposits driven by deposits acquired in the Cadence and Veritex acquisitions, in addition to organic deposit growth.

•The average cost of total deposits was 1.90%, a decrease of 10 basis points.

Average Loans and Leases

($ in billions) Quarter Ended

Change

3Q26 2Q26 3Q25 LQ YOY

Total loans and leases:

Commercial and industrial $ 90.9 $ 90.4 $ 61.4 $ 0.6 1 % $ 29.5 48 %

Commercial real estate 23.1 23.9 10.7 (0.9) (4) 12.4 116

Lease financing 5.7 5.7 5.5 — — 0.2 4

Total commercial 119.7 120.0 77.6 (0.3) — 42.1 54

Residential mortgage 33.2 33.5 24.5 (0.3) (1) 8.7 35

Automobile 15.3 15.7 15.7 (0.3) (2) (0.4) (2)

Home equity 11.9 11.9 10.3 — — 1.6 16

RV and marine

5.7 5.6 5.9 0.1 2 (0.1) (2)

Other consumer 2.6 2.5 2.0 0.1 2 0.6 30

Total consumer 68.7 69.2 58.3 (0.5) (1) 10.4 18

Total loans and leases $ 188.4 $ 189.3 $ 135.9 $ (0.8) — % $ 52.5 39 %

See Page 4 of Quarterly Financial Supplement for additional detail.

Average total loans and leases decreased $806 million quarter-over-quarter.

•Average commercial loan balances decreased $303 million, primarily driven by an $854 million, or 4%, decrease in average commercial real estate loans, partially offset by a $553 million, or 1%, increase in average commercial and industrial loans.

•Average consumer loans decreased $503 million, or 1%, primarily driven by a $332 million, or 1%, decrease in average residential mortgage and a $311 million, or 2%, decrease in average automobile loans.

Average total loans and leases increased $52.5 billion, or 39%, from the year-ago quarter, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic loan growth over the last year.

•Average commercial loans increased $42.1 billion, or 54%, primarily driven by a $29.5 billion, or 48%, increase in average commercial and industrial loans and a $12.4 billion, or 116%, increase in average commercial real estate loans.

•Average consumer loans increased $10.4 billion, or 18%, primarily driven by a $8.7 billion, or 35% increase in average residential mortgage loans and a $1.6 billion, or 16%, increase in average home equity loans.

Average Deposits

Quarter Ended

Change

($ in billions) 3Q26 2Q26 3Q25 LQ YOY

Total deposits:

Demand deposits - noninterest-bearing $ 40.2 $ 40.0 $ 29.0 $ 0.1 — % $ 11.1 38 %

Demand deposits - interest-bearing 63.7 62.4 46.0 1.3 2 17.7 39

Total demand deposits 103.9 102.4 75.0 1.5 1 28.9 38

Money market deposits 77.4 75.3 62.0 2.0 3 15.3 25

Savings deposits 18.8 18.9 15.0 (0.1) (1) 3.8 25

Time deposits 23.8 26.8 12.8 (3.0) (11) 11.0 86

Total deposits $ 223.8 $ 223.4 $ 164.8 $ 0.4 — % $ 59.0 36 %

See Page 5 of Quarterly Financial Supplement for additional detail.

Average total deposits increased $413 million compared to the prior quarter.

•Average interest-bearing deposits increased $267 million.

•Average noninterest-bearing deposits increased $146 million.

Average total deposits increased $59.0 billion, or 36%, from the year-ago quarter, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic deposit growth over the last year.

•Average interest-bearing deposits increased $47.9 billion, or 35%.

•Average noninterest-bearing deposits increased $11.1 billion, or 38%.

Noninterest Income

Quarter Ended Change

($ in millions) 3Q26 2Q26 3Q25 LQ YOY

Payments and cash management revenue $ 211 $ 204 $ 174 $ 7 3 % $ 37 21 %

Wealth and asset management revenue 131 134 104 (3) (2) 27 26

Customer deposit and loan fees 124 128 102 (4) (3) 22 22

Capital markets and advisory fees 122 140 94 (18) (13) 28 30

Mortgage banking income 45 53 43 (8) (15) 2 5

Net gains (losses) on sales of securities — 2 — (2) NM — —

Other noninterest income (1)

89 124 111 (35) (28) (22) (20)

Total noninterest income $ 722 $ 785 $ 628 $ (63) (8) % $ 94 15 %

Impact of Notable Items (included in other noninterest income):

Gain on sale of a portion of corporate trust and custody business $ — $ — $ 24 $ — NM $ (24) NM

Acquired equity security conversion adjustment (8) — — (8) NM (8) NM

Total adjusted noninterest income (Non-GAAP) $ 730 $ 785 $ 604 $ (55) (7) % $ 126 21 %

Additional information:

Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income) $ 11 $ 8 $ (2) $ 3 38 % $ 13 NM

NM - Not Meaningful

(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income. Prior period amounts have been revised to conform with the current period presentation.

Noninterest income decreased $63 million, or 8%, from the prior quarter. Excluding the impact of Notable Items, noninterest income decreased $55 million, or 7%, from the prior quarter.

•Capital markets and advisory fees decreased primarily due to lower underwriting and advisory fees.

•Other noninterest income decreased due largely to unfavorable valuation changes for strategic investment and other investments and a decrease in leasing revenue.

Compared with the year-ago quarter, noninterest income increased $94 million, or 15%. Excluding the impact of Notable Items, noninterest income increased $126 million, or 21%, over the year-ago quarter.

•The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.

•Payments and cash management revenue increased driven by higher cash management and interchange revenue.

•Capital markets and advisory fees increased primarily due to fees from the legacy business and the impact of Janney and TM Capital, in addition to higher syndication fees.

•Wealth and asset management revenue increased due largely to higher investment management and trust income.

•Customer deposit and loan fees increased driven by increases in loan commitment fees and the volume of personal service charges.

Noninterest Expense

Quarter Ended Change

($ in millions) 3Q26 2Q26 3Q25 LQ YOY

Personnel costs $ 990 $ 1,010 $ 757 $ (20) (2) % $ 233 31 %

Outside data processing and other services 290 326 198 (36) (11) 92 46

Equipment 79 96 66 (17) (18) 13 20

Net occupancy 96 90 57 6 7 39 68

Professional services 38 31 31 7 23 7 23

Marketing 54 38 34 16 42 20 59

Amortization of intangibles 49 54 11 (5) (9) 38 345

Other noninterest expense (1)

176 164 92 12 7 84 91

Total noninterest expense $ 1,772 $ 1,809 $ 1,246 $ (37) (2) % $ 526 42 %

(in thousands)

Average full-time equivalent employees 25.9 26.4 20.2 (0.5) (2) % 5.7 28 %

(1)In the third quarter of 2026, we reclassified deposit and other insurance expense and lease financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.

Impact of Notable Items

Quarter Ended

($ in millions) 3Q26 2Q26 3Q25

Personnel costs $ 33 $ 38 $ —

Outside data processing and other services 52 74 3

Equipment 2 15 1

Net occupancy 10 2 —

Professional services 5 4 9

Marketing 2 8 —

Other noninterest expense 13 11 (5)

Total noninterest expense $ 117 $ 152 $ 8

Acquisition-related expenses included in Notable Items $ 117 $ 152 $ 14

Adjusted Noninterest Expense (Non-GAAP)

Quarter Ended Change

($ in millions) 3Q26 2Q26 3Q25 LQ YOY

Personnel costs $ 957 $ 972 $ 757 $ (15) (2) % $ 200 26 %

Outside data processing and other services 238 252 195 (14) (6) 43 22

Equipment 77 81 65 (4) (5) 12 18

Net occupancy 86 88 57 (2) (2) 29 51

Professional services 33 27 22 6 22 11 50

Marketing 52 30 34 22 73 18 53

Amortization of intangibles 49 54 11 (5) (9) 38 345

Other noninterest expense 163 153 97 10 7 66 68

Total adjusted noninterest expense $ 1,655 $ 1,657 $ 1,238 $ (2) (—) % $ 417 34 %

Noninterest expense, excluding the impact of Notable Items, decreased $2 million from the prior quarter.

•Personnel costs decreased primarily due to lower salary, benefit, and incentive compensation expense.

•Outside data processing and other services decreased primarily reflecting lower technology and data expense.

•Marketing expense increased due largely to higher levels of expense in our expanding geographic areas.

Compared with the year-ago quarter, noninterest expense, excluding the impact of Notable Items, increased $417 million, or 34%.

•The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.

•Personnel costs increased primarily due to higher salary and benefit expense.

•Outside data processing and other services increased primarily reflecting higher technology and data expense.

•Amortization of intangibles increased primarily due to the impact of the addition of core deposit intangibles from the acquisitions.

•Net occupancy increased largely due to higher lease and depreciation expense.

•Other noninterest expense increased primarily due to an increased volume of expense activity driven by the impact of the acquisitions.

Credit Quality

Credit Quality Metrics

2026 2025

($ in millions) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

Total nonaccrual loans and leases $ 1,697 $ 1,589 $ 1,332 $ 931 $ 808

Total other real estate, net 25 23 22 13 10

Other NPAs (1)

— — 3 1 3

Total nonperforming assets 1,722 1,612 1,357 945 821

Accruing loans and leases past due 90+ days 477 443 421 282 234

NPAs + accruing loans & leases past due 90+ days $ 2,199 $ 2,055 $ 1,778 $ 1,227 $ 1,055

NAL ratio (2)

0.89 % 0.84 % 0.71 % 0.62 % 0.59 %

NPA ratio (3)

0.90 0.85 0.72 0.63 0.60

(NPAs+90 days)/(Loans+OREO) 1.15 1.08 0.94 0.82 0.76

Provision for credit losses $ 123 $ 132 $ 158 $ 123 $ 122

Net charge-offs 146 119 111 89 75

Net charge-offs / Average total loans and leases 0.31 % 0.25 % 0.26 % 0.24 % 0.22 %

Allowance for loans and lease losses (ALLL) $ 3,222 $ 3,249 $ 3,243 $ 2,537 $ 2,374

Allowance for unfunded lending commitments 136 132 125 206 188

Allowance for credit losses (ACL) $ 3,358 $ 3,381 $ 3,368 $ 2,743 $ 2,562

ALLL as a % of:

Total loans and leases 1.68 % 1.72 % 1.72 % 1.70 % 1.72 %

NALs 190 204 243 272 294

NPAs 187 202 239 269 289

ACL as a % of:

Total loans and leases 1.75 % 1.78 % 1.78 % 1.83 % 1.86 %

NALs 198 213 253 295 317

NPAs 195 210 248 290 312

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

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

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

See Pages 9-11 of Quarterly Financial Supplement for additional detail.

NPAs totaled $1.7 billion at September 30, 2026, an increase of $110 million from the prior quarter primarily driven by increases in commercial and industrial, commercial real estate, and residential mortgage NALs. Compared to a year ago, NPAs were up $901 million driven by increases in commercial and industrial, residential mortgage, commercial real estate, and home equity NALs, including NALs acquired as part of the Cadence and Veritex transactions.

The provision for credit losses was $123 million in the 2026 third quarter, a decrease of $9 million quarter-over-quarter and an increase of $1 million year-over-year. NCOs of $146 million increased $27 million quarter-over-quarter and $71 million year-over-year. NCOs represented an annualized 0.31% of average loans and leases in the current quarter, up from 0.25% in the prior quarter and 0.22% in the year-ago quarter. Commercial and consumer net charge-offs were 0.27% and 0.38%, respectively, for the 2026 third quarter.

The ALLL was $3.2 billion and the ACL was $3.4 billion at September 30, 2026. The ACL ratio was 1.75% at September 30, 2026, 3 basis points lower than the prior quarter and 11 basis points lower than a year-ago.

Capital

Capital Ratios

2026 2025

($ in billions) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

Tangible common equity / tangible assets ratio 6.9 % 7.1 % 7.0 % 7.1 % 6.8 %

Common equity tier 1 risk-based capital ratio (1)

10.1 10.0 10.2 10.4 10.6

Regulatory Tier 1 risk-based capital ratio (1)

11.5 11.3 11.6 12.0 12.4

Regulatory Total risk-based capital ratio (1)

13.7 13.6 13.8 14.2 14.7

Total risk-weighted assets (1)

$ 214.5 $ 214.1 $ 208.1 $ 166.7 $ 150.2

(1)Preliminary at September 30, 2026.

See Pages 12-13 of Quarterly Financial Supplement for additional detail.

The tangible common equity to tangible assets ratio was 6.9% at September 30, 2026, compared to 7.1% at June 30, 2026, with the decrease primarily due to a decline in accumulated other comprehensive income from higher market interest rates, as well as an increase in tangible assets driven by higher interest-earning deposits with banks, partially offset by current period earnings, net of dividends and share repurchases. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.1% at September 30, 2026, compared to 10.0% at June 30, 2026, with the increase driven by current period earnings, net of dividends, partially offset by the impact of share repurchases and modestly higher risk-weighted assets.

Income Taxes

The provision for income taxes was $172 million in the 2026 third quarter, compared to $165 million in the 2026 second quarter. The effective tax rate for the 2026 third quarter was 19.3%, compared to 18.4% for the 2026 second quarter. The increase in the effective tax rate was primarily driven by higher non-deductible expenses in the current quarter.

Conference Call / Webcast Information

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

About Huntington

Huntington Bancshares Incorporated is a $288 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates approximately 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.

Caution Regarding Forward-Looking Statements

All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the "Forward-Looking Statements" and "Risk Factors" of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.

Basis of Presentation

Use of Non-GAAP Financial Measures

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

Annualized Data

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

Fully-Taxable Equivalent Interest Income and Net Interest Margin

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

Rounding

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

Notable Items

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

Glossary of Acronyms

ACL Allowance for Credit Losses

Adjusted CET1 CET1, including the impact of AOCI, excluding cash flow hedges

ALLL Allowance for Loan and Lease Losses

AOCI Accumulated Other Comprehensive Income

Cadence Cadence Bank

CEO Chief Executive Officer

CET1 Common Equity Tier 1

CRE Commercial Real Estate

C&I Commercial and Industrial

DIF Deposit Insurance Fund

EPS Earnings Per Common Share

FDIC Federal Deposit Insurance Corporation

FTE Fully Taxable Equivalent

GAAP Generally Accepted Accounting Principles

LQ Linked Quarter

NAL Nonaccrual Loan

NCI Non-controlling Interest

NCO Net Charge-Off

NIM Net Interest Margin

NPA Nonperforming Asset

OREO Other Real Estate Owned

PPNR Pre-Provision Net Revenue

ROCE Return on Average Common Equity

ROTCE Return on Average Tangible Common Equity

SEC Securities and Exchange Commission

TBV Tangible Book Value

TCE Tangible Common Equity

Veritex Veritex Holdings, Inc. and Veritex Community Bank

YOY Year-Over-Year

EX-99.2

Filename: hban20260930_8kex992.htm · Sequence: 3

Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

September 30, 2026

Table of Contents

Financial Highlights

Consolidated Balance Sheets

Loans and Leases Composition

Deposits Composition

Quarterly Average Balances and Rates

Year-to-Date Average Balances and Rates

Selected Income Statement Data

Credit Reserves Analysis

Net Charge-Off Analysis

Nonperforming Assets (NPAs)

Capital Under Current Regulatory Standards (Basel III)

Non-Regulatory Capital and Other Data

Reconciliation of Non-GAAP Financial Measures

Basis of Presentation

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

Non-GAAP Financial Measures

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

Fully-Taxable Equivalent (FTE) Basis

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

Non-Regulatory Capital Ratios

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

•Tangible common equity to tangible assets,

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

•Adjusted common equity tier 1 (CET1).

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

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

Notable Items

Huntington Bancshares Incorporated

Financial Highlights (Unaudited)

Three Months Ended Year-to-Date

(dollar amounts in millions, except per share data, share count in millions) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

2026 2026 2026 2025 2025 2026 2025

Summary Income Statement:

Net interest income - FTE(1)

$ 2,090 $ 2,072 $1,910 $1,609 $ 1,523 $ 6,072 $ 4,447

FTE adjustment (21) (20) (19) (17) (17) (60) (48)

Net interest income 2,069 2,052 1,891 1,592 1,506 6,012 4,399

Provision for credit losses 123 132 158 123 122 413 340

Noninterest income 722 785 682 582 628 2,189 1,593

Noninterest expense 1,772 1,809 1,774 1,420 1,246 5,355 3,595

Income before income taxes 896 896 641 631 766 2,433 2,057

Provision for income taxes 172 165 114 108 133 451 351

Income after income taxes 724 731 527 523 633 1,982 1,706

Income attributable to NCI 3 4 4 4 4 11 14

Net income attributable to Huntington 721 727 523 519 629 1,971 1,692

Dividends on preferred shares 41 41 41 43 27 123 81

Net income applicable to common shares $ 680 $ 686 $ 482 $ 476 $ 602 $ 1,848 $ 1,611

Key Metrics and Ratios:

Net income per common share - diluted $ 0.33 $ 0.33 $ 0.25 $ 0.30 $ 0.41 $ 0.92 $ 1.09

Cash dividends declared per common share 0.155 0.155 0.155 0.155 0.155 0.465 0.465

TBV per common share - period end(2)

9.47 9.65 9.55 9.89 9.54

TCE ratio - period end(3)

6.9 % 7.1 % 7.0 % 7.1 % 6.8 %

Return on average assets 1.01 1.02 0.81 0.93 1.19 0.95 % 1.09 %

Return on average common shareholders’ equity 9.1 9.3 7.2 8.9 12.4 8.6 11.6

ROTCE(4)

14.6 15.1 11.6 12.7 17.8 13.8 16.9

Net interest margin(1)

3.25 3.21 3.24 3.15 3.13 3.23 3.12

Efficiency ratio(5)

61.2 61.5 67.2 64.2 57.4 63.2 58.4

Effective tax rate 19.3 18.4 17.8 17.2 17.4 18.5 17.0

CET1 ratio - period end(6)

10.1 10.0 10.2 10.4 10.6

Adjusted CET1 ratio - period end(7)

8.9 9.0 9.2 9.2 9.2

Average and Ending Balance Information:

Average total assets $ 282,262 $ 284,481 $ 262,170 $ 220,230 $ 209,727 $ 276,378 $ 207,572

Average earning assets 255,274 258,600 238,973 202,511 192,732 251,009 190,724

Average loans and leases 188,449 189,255 174,216 146,607 135,944 184,026 133,344

Average total deposits 223,816 223,403 204,616 173,156 164,812 217,348 163,292

Average Huntington shareholders’ equity 32,656 32,555 29,896 23,896 21,348 31,713 20,636

Average common shareholders' equity 29,776 29,675 27,050 21,165 19,197 28,843 18,592

Average tangible common shareholders' equity 19,546 19,404 18,024 15,150 13,587 18,997 12,970

Total assets - period end 287,833 283,984 285,372 225,106 210,228

Total Huntington shareholders’ equity - period end 32,179 32,624 32,535 24,342 22,248

Average common shares - basic 2,019 2,021 1,869 1,544 1,459 1,971 1,457

Average common shares - diluted 2,047 2,048 1,901 1,570 1,485 1,999 1,483

Common shares outstanding - period end 2,015 2,020 2,027 1,568 1,459

Credit Quality:

NCOs as a % of average loans and leases 0.31 % 0.25 % 0.26 % 0.24 % 0.22 % 0.27 % 0.23 %

NAL ratio - period end 0.89 0.84 0.71 0.62 0.59

NPA ratio - period end(8)

0.90 0.85 0.72 0.63 0.60

Allowance for loan and lease losses (ALLL) as a % of total loans and leases - period end 1.68 1.72 1.72 1.70 1.72

Allowance for credit losses (ACL) as a % of total loans and leases - period end 1.75 1.78 1.78 1.83 1.86

See Notes to Financial Highlights.

Notes to Financial Highlights

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

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

(3)Tangible common shareholders' 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 14 for reconciliation.

(4)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.

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

(6)Common Equity Tier 1 (CET1) risk-based capital ratio. Amount is preliminary at September 30, 2026.

(7)Adjusted CET1 ratio, a non-GAAP measure, is calculated as CET1 including the impact of AOCI, excluding cash flow hedges. Amount is preliminary at September 30, 2026.

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

Huntington Bancshares Incorporated

Consolidated Balance Sheets

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

Assets

Cash and due from banks $ 2,377 $ 3,330 $ 2,096 $ 1,783 $ 1,696

Interest-earning deposits with banks 15,019 12,714 17,579 12,295 11,536

Trading account assets 345 326 199 63 81

Available-for-sale securities 34,623 35,206 35,557 26,132 26,085

Held-to-maturity securities 14,733 14,384 14,768 15,258 15,597

Other securities 1,433 1,383 1,281 994 870

Loans held for sale 1,567 1,886 1,073 1,415 823

Loans and leases (1)

191,449 189,422 188,818 149,642 137,956

Allowance for loan and lease losses (3,222) (3,249) (3,243) (2,537) (2,374)

Net loans and leases 188,227 186,173 185,575 147,105 135,582

Bank-owned life insurance 3,687 3,676 3,673 2,902 2,810

Accrued income and other receivables 3,255 2,960 2,197 2,621 1,819

Premises and equipment 2,166 2,171 2,138 1,321 1,112

Goodwill 9,527 9,527 9,527 5,997 5,547

Servicing rights and other intangible assets 1,728 1,691 1,727 752 644

Other assets 9,146 8,557 7,982 6,468 6,026

Total assets $ 287,833 $ 283,984 $ 285,372 $ 225,106 $ 210,228

Liabilities and shareholders' equity

Liabilities

Deposits (2)

$ 224,678 $ 222,466 $ 223,482 $ 176,610 $ 165,212

Short-term borrowings 6,066 3,111 1,875 1,261 252

Long-term debt 17,341 18,738 21,594 17,221 17,315

Other liabilities 7,531 7,004 5,840 5,635 5,163

Total liabilities 255,616 $ 251,319 $ 252,791 $ 200,727 $ 187,942

Shareholders' equity

Preferred stock 2,881 2,881 2,881 2,731 2,731

Common stock 20 20 20 16 15

Capital surplus 25,101 25,150 25,273 17,244 15,537

Less treasury shares, at cost (92) (94) (95) (92) (87)

Accumulated other comprehensive income (loss) (2,974) (2,213) (2,059) (1,908) (2,071)

Retained earnings 7,243 6,880 6,515 6,351 6,123

Total Huntington shareholders’ equity 32,179 32,624 32,535 24,342 22,248

Non-controlling interest 38 41 46 37 38

Total equity 32,217 32,665 32,581 24,379 22,286

Total liabilities and equity $ 287,833 $ 283,984 $ 285,372 $ 225,106 $ 210,228

Common shares authorized (par value of $0.01) 2,250,000,000 2,250,000,000 2,250,000,000 2,250,000,000 2,250,000,000

Common shares outstanding 2,015,387,251 2,020,414,826 2,027,130,587 1,567,732,506 1,459,390,757

Treasury shares outstanding 6,952,614 7,152,410 7,269,138 7,187,541 6,907,525

Preferred stock, authorized shares 6,617,808 6,617,808 6,617,808 6,617,808 6,617,808

Preferred shares outstanding 891,900 891,900 891,900 885,000 885,000

(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)

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Ending balances by type:

Total loans and leases

Commercial:

Commercial and industrial $ 93,966 49 % $ 91,378 49 % $ 89,282 47 % $ 69,442 46 % $ 62,978 45 %

Commercial real estate 22,748 12 23,457 12 24,337 13 15,209 10 10,732 8

Lease financing 5,885 3 5,714 3 5,796 3 5,727 4 5,515 4

Total commercial 122,599 64 120,549 64 119,415 63 90,378 60 79,225 57

Consumer:

Residential mortgage 33,163 18 33,221 18 33,458 19 24,777 17 24,502 18

Automobile 15,355 8 15,460 8 15,953 8 16,168 11 15,996 12

Home equity 11,898 6 11,884 6 11,831 6 10,395 7 10,314 7

RV and marine

5,757 3 5,706 3 5,627 3 5,682 4 5,805 4

Other consumer 2,677 1 2,602 1 2,534 1 2,242 1 2,114 2

Total consumer 68,850 36 68,873 36 69,403 37 59,264 40 58,731 43

Total loans and leases $ 191,449 100 % $ 189,422 100 % $ 188,818 100 % $ 149,642 100 % $ 137,956 100 %

Ending balances by business segment:

Consumer & Regional Banking $ 102,419 54 % $ 103,317 55 % $ 104,578 55 % $ 79,069 53 % $ 75,027 55 %

Commercial Banking 88,702 46 86,089 45 84,199 45 70,391 47 62,755 45

Treasury / Other 328 — 16 — 41 — 182 — 174 —

Total loans and leases $ 191,449 100 % $ 189,422 100 % $ 188,818 100 % $ 149,642 100 % $ 137,956 100 %

Average balances by business segment:

Consumer & Regional Banking $ 102,818 55 % $ 104,270 55 % $ 95,969 55 % $ 77,908 53 % $ 74,306 55 %

Commercial Banking 85,509 45 84,706 45 78,029 45 68,388 47 61,373 45

Treasury / Other 122 — 279 — 218 — 311 — 265 —

Total loans and leases $ 188,449 100 % $ 189,255 100 % $ 174,216 100 % $ 146,607 100 % $ 135,944 100 %

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Ending balances by type:

Total deposits

Demand deposits - noninterest-bearing $ 41,317 18 % $ 40,129 18 % $ 40,839 18 % $ 32,205 18 % $ 28,596 17 %

Demand deposits - interest-bearing 64,503 29 62,395 28 61,086 27 48,510 27 46,056 28

Money market deposits 77,509 35 75,717 34 75,554 34 65,123 37 62,837 38

Savings deposits 18,861 8 18,820 9 18,971 9 15,426 9 14,986 9

Time deposits 22,488 10 25,405 11 27,032 12 15,346 9 12,737 8

Total deposits $ 224,678 100 % $ 222,466 100 % $ 223,482 100 % $ 176,610 100 % $ 165,212 100 %

Ending balances by business segment:

Consumer & Regional Banking $ 148,587 66 % $ 150,687 68 % $ 153,000 69 % $ 117,188 66 % $ 110,043 67 %

Commercial Banking 67,912 30 62,713 28 60,775 27 50,657 29 47,651 28

Treasury / Other 8,179 4 9,066 4 9,707 4 8,765 5 7,518 5

Total deposits $ 224,678 100 % $ 222,466 100 % $ 223,482 100 % $ 176,610 100 % $ 165,212 100 %

Average balances by business segment:

Consumer & Regional Banking $ 149,423 67 % $ 152,612 68 % $ 138,557 67 % $ 114,613 66 % $ 111,138 68 %

Commercial Banking 65,645 29 61,597 28 56,622 28 50,470 29 46,346 28

Treasury / Other 8,748 4 9,194 4 9,437 5 8,073 5 7,328 4

Total deposits $ 223,816 100 % $ 223,403 100 % $ 204,616 100 % $ 173,156 100 % $ 164,812 100 %

Huntington Bancshares Incorporated

Quarterly Average Balances and Rates (Unaudited)

Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025

Average Balances

Income/Expense(1)

Yield/ Rate(1)

Average Balances

Income/Expense(1)

Yield/ Rate(1)

Average Balances

Income/Expense(1)

Yield/ Rate(1)

Average Balances

Income/Expense(1)

Yield/ Rate(1)

Average Balances

Income/Expense(1)

Yield/ Rate(1)

(dollar amounts in millions)

Assets:

Interest-earning deposits with banks $ 14,288 $ 135 3.78 % $ 16,977 $ 156 3.67 % $ 15,634 $ 141 3.62 % $ 12,231 $ 124 4.03 % $ 11,823 $ 134 4.53 %

Trading account assets 315 3 3.87 281 3 3.97 235 2 3.70 112 — 2.58 629 7 4.03

Investment and other securities:

Available-for-sale securities:

Taxable $ 31,521 $ 296 3.76 $ 31,486 $ 285 3.62 $ 28,063 $ 258 3.67 $ 22,879 $ 212 3.72 $ 23,485 $ 246 4.19

Tax-exempt 3,463 43 4.97 3,487 43 4.92 3,441 42 4.86 3,405 43 4.99 3,318 41 5.02

Total available-for-sale securities 34,984 339 3.88 34,973 328 3.75 31,504 300 3.80 26,284 255 3.88 26,803 287 4.29

Held-to-maturity securities - taxable 14,314 96 2.69 14,571 97 2.65 14,975 99 2.65 15,397 103 2.66 15,752 105 2.66

Other securities 1,295 19 5.80 1,369 17 5.00 1,219 16 5.17 949 11 4.86 888 12 5.15

Total investment and other securities 50,593 454 3.59 50,913 442 3.47 47,698 415 3.48 42,630 369 3.46 43,443 404 3.72

Loans held for sale 1,629 22 5.62 1,174 19 6.16 1,190 18 6.19 931 14 6.13 893 15 6.52

Loans and leases (includes nonaccrual loans and leases):

Commercial:

Commercial and industrial 90,924 1,358 5.84 90,371 1,336 5.85 81,535 1,191 5.85 67,378 1,023 5.94 61,440 959 6.11

Commercial real estate 23,071 357 6.05 23,925 370 6.12 21,138 327 6.17 14,268 233 6.39 10,692 187 6.86

Lease financing 5,724 98 6.72 5,726 101 6.98 5,754 99 6.86 5,498 91 6.48 5,483 93 6.69

Total commercial 119,719 1,813 5.93 120,022 1,807 5.96 108,427 1,617 5.96 87,144 1,347 6.05 77,615 1,239 6.25

Consumer:

Residential mortgage 33,183 400 4.82 33,515 404 4.81 30,392 353 4.65 25,098 269 4.29 24,511 259 4.23

Automobile 15,339 230 5.94 15,650 229 5.87 16,056 232 5.86 16,114 241 5.93 15,693 234 5.92

Home equity 11,869 204 6.81 11,878 202 6.85 11,325 193 6.89 10,372 184 7.02 10,264 190 7.34

RV and marine 5,744 81 5.58 5,646 76 5.44 5,631 76 5.44 5,747 80 5.53 5,860 80 5.41

Other consumer 2,595 68 10.44 2,544 64 10.09 2,385 58 9.88 2,132 54 10.11 2,001 55 10.82

Total consumer 68,730 983 5.69 69,233 975 5.65 65,789 912 5.59 59,463 828 5.54 58,329 818 5.57

Total loans and leases 188,449 2,796 5.84 189,255 2,782 5.84 174,216 2,529 5.82 146,607 2,175 5.84 135,944 2,057 5.96

Total earning assets 255,274 $ 3,410 5.30 % 258,600 $ 3,402 5.28 % 238,973 $ 3,105 5.27 % 202,511 $ 2,682 5.25 % 192,732 $ 2,617 5.39 %

Cash and due from banks 2,375 2,036 1,778 1,396 1,445

Goodwill and other intangible assets 10,416 10,468 9,175 6,043 5,625

All other assets 14,197 13,377 12,244 10,280 9,925

Total assets $ 282,262 $ 284,481 $ 262,170 $ 220,230 $ 209,727

Liabilities and shareholders' equity:

Interest-bearing deposits:

Demand deposits - interest-bearing $ 63,704 $ 321 2.00 % $ 62,388 $ 285 1.83 % $ 52,985 $ 246 1.88 % $ 47,185 $ 227 1.91 % $ 45,980 $ 235 2.02 %

Money market deposits 77,353 517 2.65 75,309 493 2.62 75,216 446 2.41 65,182 437 2.66 62,009 466 2.99

Savings deposits 18,839 30 0.62 18,940 39 0.83 18,033 30 0.68 15,360 19 0.47 15,042 13 0.35

Time deposits 23,766 203 3.40 26,758 231 3.46 22,864 198 3.50 14,661 137 3.69 12,773 116 3.60

Total interest-bearing deposits 183,662 1,071 2.31 183,395 1,048 2.29 169,098 920 2.21 142,388 820 2.28 135,804 830 2.43

Short-term borrowings 1,152 9 3.12 1,887 18 3.65 1,745 16 3.83 897 10 4.45 1,267 13 3.90

Long-term debt 18,145 240 5.28 20,971 264 5.06 20,248 259 5.09 17,335 243 5.61 17,433 251 5.75

Total interest-bearing liabilities 202,959 $ 1,320 2.58 % 206,253 $ 1,330 2.59 % 191,091 $ 1,195 2.53 % 160,620 $ 1,073 2.65 % 154,504 $ 1,094 2.81 %

Demand deposits - noninterest-bearing 40,154 40,008 35,518 30,768 29,008

All other liabilities 6,453 5,620 5,624 4,907 4,826

Total liabilities 249,566 251,881 232,233 196,295 188,338

Total Huntington shareholders’ equity 32,656 32,555 29,896 23,896 21,348

Non-controlling interest 40 45 41 39 41

Total equity 32,696 32,600 29,937 23,935 21,389

Total liabilities and equity $ 282,262 $ 284,481 $ 262,170 $ 220,230 $ 209,727

Net interest rate spread

2.72 % 2.69 % 2.74 % 2.60 % 2.58 %

Impact of noninterest bearing funds 0.53 0.52 0.50 0.55 0.55

FTE net interest income / net interest margin $ 2,090 3.25 % $ 2,072 3.21 % $ 1,910 3.24 % $ 1,609 3.15 % $ 1,523 3.13 %

FTE adjustment

21 20 19 17 17

Net interest income

$ 2,069 $ 2,052 $ 1,891 $ 1,592 $ 1,506

Memo: Total deposits $ 223,816 $ 1,071 1.90 % $ 223,403 $ 1,048 1.88 % $ 204,616 $ 920 1.82 % $ 173,156 $ 820 1.88 % $ 164,812 $ 830 2.00 %

Memo: Impact of derivatives on commercial loan yields

(0.06) (0.06) (0.08) (0.18) (0.25)

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

Huntington Bancshares Incorporated

Year-To-Date Average Balances and Rates

(Unaudited)

Nine Months Ended Sep 30, 2026 Nine Months Ended Sep 30, 2025

(dollar amounts in millions) Average Balances

Income/ Expense (1)

Yield/ Rate (1)

Average Balances

Income/ Expense (1)

Yield/ Rate (1)

Assets:

Interest-earning deposits with banks $ 15,628 $ 432 3.69 % $ 11,907 $ 402 4.50 %

Trading account assets 277 8 3.85 584 17 3.82

Investment and other securities:

Available-for-sale securities:

Taxable 30,369 839 3.69 23,913 811 4.52

Tax-exempt 3,464 128 4.91 3,274 124 5.06

Total available-for-sale securities 33,833 967 3.81 27,187 935 4.58

Held-to-maturity securities - taxable 14,618 292 2.66 16,078 320 2.65

Other securities 1,294 52 5.32 882 36 5.43

Total investment and other securities 49,745 1,311 3.51 44,147 1,291 3.90

Loans held for sale 1,333 59 5.94 742 36 6.47

Loans and leases (includes nonaccrual loans and leases):

Commercial:

Commercial and industrial 87,644 3,885 5.85 59,477 2,746 6.09

Commercial real estate 22,718 1,054 6.12 10,831 555 6.76

Lease financing 5,735 298 6.85 5,472 274 6.61

Total commercial 116,097 5,237 5.95 75,780 3,575 6.22

Consumer:

Residential mortgage 32,373 1,157 4.76 24,412 762 4.16

Automobile 15,679 691 5.89 15,167 660 5.82

Home equity 11,692 599 6.85 10,195 559 7.33

RV and marine 5,674 233 5.49 5,910 237 5.35

Other consumer 2,511 190 10.15 1,880 154 10.97

Total consumer 67,929 2,870 5.64 57,564 2,372 5.50

Total loans and leases 184,026 8,107 5.84 133,344 5,947 5.91

Total earning assets 251,009 $ 9,917 5.28 % 190,724 $ 7,693 5.39 %

Cash and due from banks 2,065 1,419

Goodwill and other intangible assets 10,024 5,639

All other assets 13,280 9,790

Total assets $ 276,378 $ 207,572

Liabilities and shareholders' equity:

Interest-bearing deposits:

Demand deposits - interest-bearing $ 59,731 $ 852 1.91 % $ 44,755 $ 663 1.98 %

Money market deposits 75,967 1,456 2.56 61,111 1,388 3.04

Savings deposits 18,607 99 0.71 15,012 31 0.28

Time deposits 24,466 632 3.45 13,347 380 3.81

Total interest-bearing deposits 178,771 3,039 2.27 134,225 2,462 2.45

Short-term borrowings 1,592 43 3.58 1,322 40 4.04

Long-term debt 19,780 763 5.14 17,372 744 5.71

Total interest-bearing liabilities 200,143 $ 3,845 2.57 % 152,919 $ 3,246 2.84 %

Demand deposits - noninterest-bearing 38,577 29,067

All other liabilities 5,903 4,904

Total liabilities 244,623 186,890

Total Huntington shareholders’ equity 31,713 20,636

Non-controlling interest 42 46

Total equity 31,755 20,682

Total liabilities and equity $ 276,378 $ 207,572

Net interest rate spread 2.71 % 2.55 %

Impact of noninterest bearing funds 0.52 0.57

FTE net interest income / net interest margin $ 6,072 3.23 % $ 4,447 3.12 %

FTE adjustment 60 48

Net interest income $ 6,012 $ 4,399

Memo: Total deposits $ 217,348 $ 3,039 1.87 $ 163,292 $ 2,462 2.02 %

Memo: Impact of derivatives on commercial loan yields (0.07) (0.30)

Huntington Bancshares Incorporated

Selected Income Statement Data

(Unaudited)

Three Months Ended

Year-to-Date

(dollar amounts in millions, except per share data) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

2026 2026 2026 2025 2025

2026

2025

Interest income $ 3,389 $ 3,382 $ 3,086 $ 2,665 $ 2,600 $ 9,857 $ 7,645

Interest expense 1,320 1,330 1,195 1,073 1,094 3,845 3,246

Net interest income 2,069 2,052 1,891 1,592 1,506 6,012 4,399

Provision for credit losses 123 132 158 123 122 413 340

Net interest income after provision for credit losses 1,946 1,920 1,733 1,469 1,384 5,599 4,059

Payments and cash management revenue 211 204 187 170 174 602 494

Wealth and asset management revenue 131 134 120 102 104 385 307

Customer deposit and loan fees 124 128 110 107 102 362 283

Capital markets and advisory fees 122 140 132 101 94 394 245

Mortgage banking income 45 53 32 39 43 130 102

Net gains (losses) on sales of securities — 2 13 — — 15 (58)

Other noninterest income (1)

89 124 88 63 111 301 220

Total noninterest income 722 785 682 582 628 2,189 1,593

Personnel costs 990 1,010 992 845 757 2,992 2,150

Outside data processing and other services 290 326 311 222 198 927 550

Equipment 79 96 93 67 66 268 201

Net occupancy 96 90 85 56 57 271 176

Professional services 38 31 44 80 31 113 75

Marketing 54 38 37 36 34 129 91

Amortization of intangibles 49 54 41 13 11 144 33

Other noninterest expense (1)

176 164 171 101 92 511 319

Total noninterest expense 1,772 1,809 1,774 1,420 1,246 5,355 3,595

Income before income taxes 896 896 641 631 766 2,433 2,057

Provision for income taxes 172 165 114 108 133 451 351

Income after income taxes 724 731 527 523 633 1,982 1,706

Income attributable to NCI 3 4 4 4 4 11 14

Net income attributable to Huntington 721 727 523 519 629 1,971 1,692

Dividends on preferred shares 41 41 41 43 27 123 81

Net income applicable to common shares $ 680 $ 686 $ 482 $ 476 $ 602 $ 1,848 $ 1,611

Average common shares - basic 2,019 2,021 1,869 1,544 1,459 1,971 1,457

Average common shares - diluted 2,047 2,048 1,901 1,570 1,485 1,999 1,483

Per common share

Net income - basic $ 0.34 $ 0.34 $ 0.26 $ 0.31 $ 0.41 $ 0.94 $ 1.11

Net income - diluted 0.33 0.33 0.25 0.30 0.41 0.92 1.09

Cash dividends declared 0.155 0.155 0.155 0.155 0.155 0.465 0.465

Revenue - fully-taxable equivalent (FTE)

Net interest income $ 2,069 $ 2,052 $ 1,891 $ 1,592 $ 1,506 $ 6,012 $ 4,399

FTE adjustment 21 20 19 17 17 60 48

Net interest income FTE (2)

2,090 2,072 1,910 1,609 1,523 6,072 4,447

Noninterest income 722 785 682 582 628 2,189 1,593

Total revenue FTE (2)

$ 2,812 $ 2,857 $ 2,592 $ 2,191 $ 2,151 $ 8,261 $ 6,040

(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income, and we reclassified deposit and other insurance expense and leasing financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.

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

Huntington Bancshares Incorporated

Credit Reserves Analysis

(Unaudited)

Three Months Ended

Year-to-Date

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

2026

2025

Allowance for loan and lease losses, beginning of period $ 3,249 $ 3,243 $ 2,537 $ 2,374 $ 2,331 $ 2,537 $ 2,244

Loan and lease charge-offs (200) (191) (173) (145) (137) (564) (381)

Recoveries of loans and leases previously charged off

54 72 62 56 62 188 154

Net loan and lease charge-offs (146) (119) (111) (89) (75) (376) (227)

Provision for loan and lease losses 119 125 250 109 118 494 357

Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition

— — 322 71 — 322 —

Allowance on purchased seasoned loans and leases at acquisition (1)

— — 245 72 — 245 —

Allowance for loan and lease losses, end of period 3,222 3,249 3,243 2,537 2,374 3,222 2,374

Allowance for unfunded lending commitments, beginning of period 132 125 206 188 184 206 202

Provision (benefit) for unfunded lending commitments

4 7 (92) 14 4 (81) (14)

Allowance for unfunded lending commitments at acquisition

— — 11 4 — 11 —

Allowance for unfunded lending commitments, end of period 136 132 125 206 188 136 188

Total allowance for credit losses, end of period $ 3,358 $ 3,381 $ 3,368 $ 2,743 $ 2,562 $ 3,358 $ 2,562

Allowance for loan and lease losses (ALLL) as % of:

Total loans and leases 1.68 % 1.72 % 1.72 % 1.70 % 1.72 % 1.68 % 1.72 %

Nonaccrual loans and leases (NALs) 190 204 243 272 294 190 294

Nonperforming assets (NPAs) 187 202 239 269 289 187 289

Total allowance for credit losses (ACL) as % of:

Total loans and leases 1.75 % 1.78 % 1.78 % 1.83 % 1.86 % 1.75 % 1.86 %

Nonaccrual loans and leases (NALs) 198 213 253 295 317 198 317

Nonperforming assets (NPAs) 195 210 248 290 312 195 312

(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.

Huntington Bancshares Incorporated

Net Charge-Off Analysis

(Unaudited)

Three Months Ended

Year-to-Date

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

2026

2025

Net charge-offs (recoveries) by loan and lease type:

Commercial:

Commercial and industrial $ 71 $ 66 $ 54 $ 40 $ 39 $ 191 $ 119

Commercial real estate 10 3 2 8 (4) 15 (15)

Lease financing — (3) — (8) 1 (3) 7

Total commercial 81 66 56 40 36 203 111

Consumer:

Residential mortgage 2 3 1 — — 6 1

Automobile 15 12 15 14 10 42 30

Home equity — 1 — — 1 1 1

RV and marine

6 6 7 6 4 19 16

Other consumer 42 31 32 29 24 105 68

Total consumer 65 53 55 49 39 173 116

Total net charge-offs $ 146 $ 119 $ 111 $ 89 $ 75 $ 376 $ 227

Net charge-offs (recoveries) - annualized percentages:

Commercial:

Commercial and industrial 0.31 % 0.29 % 0.26 % 0.24 % 0.25 % 0.29 % 0.27 %

Commercial real estate 0.16 0.06 0.03 0.21 (0.13) 0.08 (0.18)

Lease financing 0.03 (0.18) 0.01 (0.53) 0.04 (0.05) 0.16

Total commercial 0.27 0.22 0.21 0.18 0.18 0.23 0.20

Consumer:

Residential mortgage 0.03 0.03 0.02 0.01 0.01 0.02 0.01

Automobile 0.41 0.32 0.38 0.36 0.26 0.37 0.26

Home equity 0.01 0.01 0.02 (0.01) 0.01 0.01 0.01

RV and marine

0.40 0.44 0.51 0.45 0.30 0.45 0.36

Other consumer 6.30 4.88 5.30 5.22 4.92 5.50 4.89

Total consumer 0.38 0.30 0.34 0.33 0.27 0.34 0.27

Net charge-offs as a % of average loans and leases 0.31 % 0.25 % 0.26 % 0.24 % 0.22 % 0.27 % 0.23 %

Huntington Bancshares Incorporated

Nonperforming Assets (NPAs)

(Unaudited)

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Nonaccrual loans and leases (NALs):

Commercial and industrial $ 1,046 $ 986 $ 824 $ 562 $ 455

Commercial real estate 265 243 188 133 131

Lease financing 6 8 9 8 10

Residential mortgage 240 223 185 107 97

Automobile 8 7 6 6 6

Home equity 129 120 117 113 108

RV and marine 2 2 2 2 1

Other consumer 1 — 1 — —

Total nonaccrual loans and leases 1,697 1,589 1,332 931 808

Other real estate, net 25 23 22 13 10

Other NPAs (1)

— — 3 1 3

Total nonperforming assets $ 1,722 $ 1,612 $ 1,357 $ 945 $ 821

NALs as a % of total loans and leases 0.89 % 0.84 % 0.71 % 0.62 % 0.59 %

NPA ratio (2)

0.90 0.85 0.72 0.63 0.60

Accruing loans and leases past due 90+ days:

Commercial and industrial $ 2 $ 2 $ 2 $ 1 $ 1

Commercial real estate — — 3 — —

Lease financing 1 6 5 9 6

Residential mortgage (excluding loans guaranteed by the U.S. Government) 79 66 46 46 35

Automobile 15 12 12 14 12

Home equity 28 24 22 16 20

RV and marine 4 3 3 4 3

Other consumer 8 5 6 6 5

Total, excl. loans guaranteed by the U.S. Government 137 118 99 96 82

Add: loans guaranteed by U.S. Government 340 325 322 186 152

Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government $ 477 $ 443 $ 421 $ 282 $ 234

Accruing loans and leases past due 90+ days as a percent of total loans and leases:

Excluding loans guaranteed by the U.S. Government 0.07 % 0.06 % 0.05 % 0.06 % 0.06 %

Guaranteed by U.S. Government 0.18 0.17 0.17 0.12 0.11

Including loans guaranteed by the U.S. Government 0.25 0.23 0.22 0.19 0.17

(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.

Huntington Bancshares Incorporated

Capital Under Current Regulatory Standards (Basel III)

(Unaudited)

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Common equity tier 1 (CET1) capital $ 21,684 $ 21,388 $ 21,160 $ 17,286 $ 15,924

Tier 1 capital 24,575 24,279 24,051 20,027 18,665

Total risk-based capital 29,377 29,076 28,772 23,593 22,022

Risk-weighted assets (RWA) (1)

214,500 214,138 208,132 166,684 150,222

Common equity tier 1 risk-based capital ratio (1)

10.1 % 10.0 % 10.2 % 10.4 % 10.6 %

Other regulatory capital data:

Tier 1 leverage ratio (1)

9.0 8.8 9.5 9.3 9.0

Tier 1 risk-based capital ratio (1)

11.5 11.3 11.6 12.0 12.4

Total risk-based capital ratio (1)

13.7 13.6 13.8 14.2 14.7

Reconciliation of Non-GAAP Measure

Common equity tier 1 (CET1) capital (A) $ 21,684 $ 21,388 $ 21,160 $ 17,286 $ 15,924

Add: Accumulated other comprehensive income (loss) (2,969) (2,208) (2,055) (1,904) (2,065)

Less: AOCI cash flow hedge (410) (167) (49) 27 16

Adjusted common equity tier 1 (2)

(B) 19,125 19,347 19,154 15,355 13,843

Risk-weighted assets (RWA) (1)

CET1 ratio (1)

(A/C) 10.1 % 10.0 % 10.2 % 10.4 % 10.6 %

Adjusted CET1 ratio (1)(2)

(B/C) 8.9 9.0 9.2 9.2 9.2

(1)Preliminary at September 30, 2026.

(2) Represents CET1 adjusted for AOCI, excluding cash flow hedges, which aligns with GSIB reporting.

Huntington Bancshares Incorporated

Non-Regulatory Capital and Other Data

(Unaudited)

Non-Regulatory Capital

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Calculation of tangible equity / asset ratio:

Total Huntington shareholders’ equity $ 32,179 $ 32,624 $ 32,535 $ 24,342 $ 22,248

Goodwill and other intangible assets (10,393) (10,442) (10,496) (6,142) (5,611)

Deferred tax liability on other intangible assets (1)

182 192 203 30 13

Total tangible equity 21,968 22,374 22,242 18,230 16,650

Preferred equity (2,881) (2,881) (2,881) (2,731) (2,731)

Total tangible common equity $ 19,087 $ 19,493 $ 19,361 $ 15,499 $ 13,919

Total assets $ 287,833 $ 283,984 $ 285,372 $ 225,106 $ 210,228

Goodwill and other intangible assets (10,393) (10,442) (10,496) (6,142) (5,611)

Deferred tax liability on other intangible assets (1)

182 192 203 30 13

Total tangible assets $ 277,622 $ 273,734 $ 275,079 $ 218,994 $ 204,630

Shareholders' equity / total assets

11.2 % 11.5 % 11.4 % 10.8 % 10.6 %

Tangible equity / tangible asset ratio 7.9 8.2 8.1 8.3 8.1

Tangible common equity / tangible asset ratio 6.9 7.1 7.0 7.1 6.8

Tangible common equity / RWA ratio (2)

8.9 9.1 9.3 9.3 9.3

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

(2)Preliminary at September 30, 2026.

Other Data

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

2026 2026 2026 2025 2025

Number of employees (Average full-time equivalent) 25,898 26,407 24,641 20,924 20,247

Number of domestic full-service branches (1)

1,372 1,407 1,403 1,005 972

ATM Count 2,015 2,016 2,043 1,591 1,569

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

Huntington Bancshares Incorporated

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Return on Average Tangible Common Shareholders' Equity

Three months ended Nine months ended

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025 2026 2025

Calculation of return on average tangible common shareholders' equity ratio:

Average Huntington common shareholders' equity $ 29,776 $ 29,675 $ 27,050 $ 21,165 $ 19,197 $ 28,843 $ 18,592

Less: Intangible assets and goodwill, net of tax effect 10,230 10,271 9,026 6,015 5,610 9,846 5,622

Average tangible common shareholders' equity (A) $ 19,546 $ 19,404 $ 18,024 $ 15,150 $ 13,587 $ 18,997 $ 12,970

Net income applicable to common shares $ 680 $ 686 $ 482 $ 476 $ 602 $ 1,848 $ 1,611

Add: Amortization of intangibles, net of deferred tax 39 42 33 10 8 114 26

Tangible net income applicable to common shares $ 719 $ 728 $ 515 $ 486 $ 610 $ 1,962 $ 1,637

Add: Notable Items, after tax 98 116 216 99 (13) 430 8

Adjusted net income applicable to common shares, excluding Notable Items $ 817 $ 844 $ 731 $ 585 $ 597 $ 2,392 $ 1,645

Tangible net income applicable to common shares, annualized (B) $ 2,853 $ 2,920 $ 2,089 $ 1,928 $ 2,420 $ 2,623 $ 2,189

Adjusted net income applicable to common shares, excluding Notable Items, annualized (C) 3,241 3,385 2,965 2,320 2,369 3,198 2,199

Return on average tangible common shareholders' equity (B/A) 14.6 % 15.1 % 11.6 % 12.7 % 17.8 % 13.8 % 16.9 %

Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A) 16.6 % 17.5 % 16.4 % 15.3 % 17.4 % 16.8 % 17.0 %

Efficiency Ratio

Three months ended Nine months ended

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, Sep 30, Sep 30,

(amounts in millions) 2026 2026 2026 2025 2025 2026 2025

Noninterest expense (GAAP) $ 1,772 $ 1,809 $ 1,774 $ 1,420 $ 1,246 $ 5,355 $ 3,595

Less: Intangible amortization 49 54 41 13 11 144 33

Noninterest expense less amortization of intangibles (non-GAAP) $ 1,723 $ 1,755 $ 1,733 $ 1,407 $ 1,235 $ 5,211 $ 3,562

Net interest income $ 2,069 $ 2,052 $ 1,891 $ 1,592 $ 1,506 $ 6,012 $ 4,399

Noninterest income 722 785 682 582 628 2,189 1,593

Total Revenue (GAAP) 2,791 2,837 2,573 2,174 2,134 8,201 5,992

Add: FTE adjustment (1)

21 20 19 17 17 60 48

Less: Gains (losses) on sales of securities — 2 13 — — 15 (58)

FTE revenue less gains (losses) on sales of securities (non-GAAP) $ 2,812 $ 2,855 $ 2,579 $ 2,191 $ 2,151 $ 8,246 $ 6,098

Efficiency Ratio (2)

61.2 % 61.5 % 67.2 % 64.2 % 57.4 % 63.2 % 58.4 %

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

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

Huntington Bancshares Incorporated

Reconciliation of Non-GAAP Financial Measures (continued)

(Unaudited)

Pre-Provision Net Revenue (PPNR)

Three months ended

Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,

(dollar amounts in millions) 2026 2026 2026 2025 2025

Total revenue (GAAP) $ 2,791 $ 2,837 $ 2,573 $ 2,174 $ 2,134

Add: FTE adjustment (1)

21 20 19 17 17

Total FTE revenue (non-GAAP) 2,812 2,857 2,592 2,191 2,151

Less: Noninterest expense 1,772 1,809 1,774 1,420 1,246

PPNR $ 1,040 $ 1,048 $ 818 $ 771 $ 905

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

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v3.26.3

Cover Page

Oct. 22, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Oct. 22, 2026

Entity Registrant Name

Huntington Bancshares Incorporated

Entity Incorporation, State or Country Code

Entity File Number

1-34073

Entity Tax Identification Number

31-0724920

Entity Address, Address Line One

41 South High Street

Entity Address, City or Town

Columbus

Entity Address, State or Province

Entity Address, Postal Zip Code

43287

City Area Code

614

Local Phone Number

480-2265

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0000049196

Amendment Flag

false

Common Stock-Par Value $0.01 per share

Entity Information [Line Items]

Title of 12(b) Security

Common Stock—Par Value $0.01 per Share

Trading Symbol

HBAN

Security Exchange Name

NASDAQ

Series H Preferred Stock

Entity Information [Line Items]

Title of 12(b) Security

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

Trading Symbol

HBANP

Security Exchange Name

NASDAQ

Series I Preferred Stock

Entity Information [Line Items]

Title of 12(b) Security

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

Trading Symbol

HBANM

Security Exchange Name

NASDAQ

Series J Preferred Stock

Entity Information [Line Items]

Title of 12(b) Security

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

Trading Symbol

HBANL

Security Exchange Name

NASDAQ

Series L Preferred Stock

Entity Information [Line Items]

Title of 12(b) Security

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

Trading Symbol

HBANZ

Security Exchange Name

NASDAQ

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Indicate if registrant meets the emerging growth company criteria.

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Title of a 12(b) registered security.

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