Form 8-K

8-K — HUNTINGTON BANCSHARES INC /MD/

Accession: 0000049196-26-000060

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0000049196

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — hban-20260723.htm (Primary)

EX-99.1 (hban20260630_8kex991.htm)

EX-99.2 (hban20260630_8kex992.htm)

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GRAPHIC (huntington_exceptionxlogoxa.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: hban-20260723.htm · Sequence: 1

hban-20260723

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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) July 23, 2026

______________________________________________________________________________________________________________________________

Huntington Bancshares Incorporated

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________________________________________________________

Maryland 1-34073 31-0724920

(State or other jurisdiction of

incorporation or organization) (Commission

File Number) (I.R.S. Employer

Identification No.)

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

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

Not Applicable

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

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

☐

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

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

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

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

_______________________________________________________________________________________________________________________________

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

Title of each class Trading

Symbol(s) Name of each exchange on which registered

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

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

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

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

HBANZ

The Nasdaq Stock Market LLC

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

Nasdaq Texas, LLC

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

Emerging growth company ☐

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

Item 2.02. Results of Operations and Financial Condition.

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

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

Caution Regarding Forward-Looking Statements

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

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

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

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

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

Item 9.01. Financial Statements and Exhibits.

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

(d)Exhibits.

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

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

EXHIBIT INDEX

Exhibit No. Description

Exhibit 99.1

News release of Huntington Bancshares Incorporated, dated July 23, 2026

Exhibit 99.2

Quarterly Financial Supplement, June 30, 2026

Exhibit 104

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

SIGNATURE

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

HUNTINGTON BANCSHARES INCORPORATED

Date: July 23, 2026 By:

/s/ Zachary Wasserman

Zachary Wasserman

Chief Financial Officer

EX-99.1

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Document

Exhibit 99.1

July 23, 2026

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

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

Huntington Bancshares Incorporated Reports 2026 Second-Quarter Earnings

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

2026 Second-Quarter Highlights:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

CEO Commentary:

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

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

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

Table 1 – Earnings Performance Summary

2026 2025

(in millions, except per share data) Second First Fourth Third Second

Quarter Quarter Quarter Quarter Quarter

Net income attributable to Huntington $ 727 $ 523 $ 519 $ 629 $ 536

Diluted earnings per common share 0.33 0.25 0.30 0.41 0.34

Return on average assets 1.02 % 0.81 % 0.93 % 1.19 % 1.04 %

Return on average common equity 9.3 7.2 8.9 12.4 11.0

Return on average tangible common equity 15.1 11.6 12.7 17.8 16.1

Net interest margin 3.21 3.24 3.15 3.13 3.11

Efficiency ratio 61.5 67.2 64.2 57.4 59.0

Tangible book value per common share $ 9.65 $ 9.55 $ 9.89 $ 9.54 $ 9.13

Cash dividends declared per common share 0.155 0.155 0.155 0.155 0.155

Average earning assets $ 258,600 $ 238,973 $ 202,511 $ 192,732 $ 191,092

Average loans and leases 189,255 174,216 146,607 135,944 133,171

Average total deposits

223,403 204,616 173,156 164,812 163,429

Tangible common equity / tangible assets ratio 7.1 % 7.0 % 7.1 % 6.8 % 6.6 %

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

10.0 10.2 10.4 10.6 10.5

NCOs as a % of average loans and leases 0.25 % 0.26 % 0.24 % 0.22 % 0.20 %

NAL ratio 0.84 0.71 0.62 0.59 0.62

ACL as a % of total loans and leases 1.78 1.78 1.83 1.86 1.86

(1)June 30, 2026 figure is estimated.

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

Table 2 – Notable Items Influencing Earnings

Pretax Impact (1)

After-tax Impact (1)

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

EPS (2)

Three Months Ended June 30, 2026

Net income and EPS (GAAP) $ 727 $ 0.33

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

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

Three Months Ended March 31, 2026

Net income and EPS (GAAP) $ 523 $ 0.25

• Acquisition-related expenses $ (263) (210) (0.11)

•

CECL double count (3)

(8) (6) (0.01)

Adjusted net income and EPS (non-GAAP) $ 739 $ 0.37

Three Months Ended June 30, 2025

Net income and EPS (GAAP) $ 536 $ 0.34

•

FDIC Deposit Insurance Fund (DIF) special assessment (4)

$ 3 2 —

•

Staffing efficiencies expense (5)

(6) (5) (0.01)

Adjusted net income and EPS (non-GAAP) $ 539 $ 0.35

(1)Favorable (unfavorable) impact.

(2)EPS reflected on a fully diluted basis.

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

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

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

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

Table 3 – Net Interest Income and Total Revenue

2026 2025

($ in millions) Second First Fourth Third Second Change (%)

Quarter Quarter Quarter Quarter Quarter LQ YOY

Net interest income $ 2,052 $ 1,891 $ 1,592 $ 1,506 $ 1,467 9 % 40 %

FTE adjustment 20 19 17 17 16 5 25

Net interest income - FTE (1)

2,072 1,910 1,609 1,523 1,483 8 40

Noninterest income 785 682 582 628 471 15 67

Total revenue - FTE (1)

$ 2,857 $ 2,592 $ 2,191 $ 2,151 $ 1,954 10 % 46 %

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

Table 4 – Net Interest Margin Summary

2026 2025

Second First Fourth Third Second Change (bp)

Yield / Rate (1)

Quarter Quarter Quarter Quarter Quarter LQ YOY

Total earning assets 5.28 % 5.27 % 5.25 % 5.39 % 5.40 % 1 (12)

Total loans and leases 5.84 5.82 5.84 5.96 5.91 2 (7)

Total investment and other securities 3.47 3.48 3.46 3.72 3.95 (1) (48)

Total interest-bearing liabilities 2.59 2.53 2.65 2.81 2.85 6 (26)

Total interest-bearing deposits 2.29 2.21 2.28 2.43 2.46 8 (17)

Net interest rate spread 2.69 2.74 2.60 2.58 2.55 (5) 14

Impact of noninterest-bearing funds on margin 0.52 0.50 0.55 0.55 0.56 2 (4)

Net interest margin 3.21 % 3.24 % 3.15 % 3.13 % 3.11 % (3) 10

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

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

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

Table 5 – Average Earning Assets

2026 2025

($ in billions) Second First Fourth Third Second Change (%)

Quarter Quarter Quarter Quarter Quarter LQ YOY

Total loans and leases:

Commercial and industrial $ 90.4 $ 81.5 $ 67.4 $ 61.4 $ 59.4 11 % 52 %

Commercial real estate 23.9 21.1 14.3 10.7 10.8 13 122

Lease financing 5.7 5.8 5.5 5.5 5.5 — 5

Total commercial 120.0 108.4 87.1 77.6 75.6 11 59

Residential mortgage 33.5 30.4 25.1 24.5 24.4 10 37

Automobile 15.7 16.1 16.1 15.7 15.1 (3) 3

Home equity 11.9 11.3 10.4 10.3 10.2 5 16

RV and marine

5.6 5.6 5.7 5.9 5.9 0 (5)

Other consumer 2.5 2.4 2.1 2.0 1.9 7 37

Total consumer 69.2 65.8 59.5 58.3 57.5 5 20

Total loans and leases 189.3 174.2 146.6 135.9 133.2 9 42

Total investment and other securities 50.9 47.7 42.6 43.4 44.3 7 15

Interest-earning deposits with banks

17.0 15.6 12.2 11.8 12.3 9 38

Other earning assets (1)

1.5 1.4 1.0 1.5 1.4 2 6

Total earning assets $ 258.6 $ 239.0 $ 202.5 $ 192.7 $ 191.1 8 % 35 %

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

See Page 7 of Quarterly Financial Supplement for additional detail.

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

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

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

Table 6 – Average Liabilities

2026 2025

Second First Fourth Third Second Change (%)

($ in billions) Quarter Quarter Quarter Quarter Quarter LQ YOY

Total deposits:

Demand deposits - noninterest-bearing $ 40.0 $ 35.5 $ 30.8 $ 29.0 $ 29.2 13 % 37 %

Demand deposits - interest-bearing 62.4 53.0 47.2 46.0 44.7 18 40

Total demand deposits 102.4 88.5 78.0 75.0 73.9 16 39

Money market deposits 75.3 75.2 65.2 62.0 61.1 — 23

Savings deposits 18.9 18.0 15.4 15.0 15.1 5 25

Time deposits 26.8 22.9 14.7 12.8 13.3 17 101

Total deposits $ 223.4 $ 204.6 $ 173.2 $ 164.8 $ 163.4 9 % 37 %

Short-term borrowings $ 1.9 $ 1.7 $ 0.9 $ 1.3 $ 1.3 8 % 50 %

Long-term debt 21.0 20.2 17.3 17.4 17.8 4 18

Total debt $ 22.9 $ 22.0 $ 18.2 $ 18.7 $ 19.1 4 % 20 %

Total interest-bearing liabilities $ 206.3 $ 191.1 $ 160.6 $ 154.5 $ 153.2 8 % 35 %

Total liabilities

251.9 232.2 196.3 188.3 187.3 8 35

See Page 7 of Quarterly Financial Supplement for additional detail.

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

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

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

Noninterest Income

Table 7 – Noninterest Income

2026 2025

Second First Fourth Third Second Change (%)

($ in millions) Quarter Quarter Quarter Quarter Quarter LQ YOY

Payments and cash management revenue $ 204 $ 187 $ 170 $ 174 $ 165 9 % 24 %

Wealth and asset management revenue 134 120 102 104 102 12 31

Customer deposit and loan fees 128 110 107 102 95 16 35

Capital markets and advisory fees 140 132 101 94 84 6 67

Mortgage banking income 53 32 39 43 28 66 89

Insurance income 21 21 22 20 19 — 11

Leasing revenue 29 13 19 23 10 123 190

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

Other noninterest income 74 54 22 68 26 37 185

Total noninterest income $ 785 $ 682 $ 582 $ 628 $ 471 15 % 67 %

Impact of Notable Item:

Gain on sale of a portion of corporate trust and custody business (other noninterest income)

$ — $ — $ — $ 24 $ — — —

Total adjusted noninterest income (Non-GAAP) $ 785 $ 682 $ 582 $ 604 $ 471 15 % 67 %

Additional information:

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

NM - Not Meaningful

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

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

Noninterest Expense

Table 8 – Noninterest Expense

2026 2025

Second First Fourth Third Second Change (%)

($ in millions) Quarter Quarter Quarter Quarter Quarter LQ YOY

Personnel costs $ 1,010 $ 992 $ 845 $ 757 $ 722 2 % 40 %

Outside data processing and other services 326 311 222 198 182 5 79

Equipment 96 93 67 66 68 3 41

Net occupancy 90 85 56 57 54 6 67

Professional services 31 44 80 31 22 (30) 41

Marketing 38 37 36 34 28 3 36

Deposit and other insurance expense 38 35 (1) 9 20 9 90

Amortization of intangibles 54 41 13 11 11 32 391

Lease financing equipment depreciation 2 3 3 4 2 (33) —

Other noninterest expense 124 133 99 79 88 (7) 41

Total noninterest expense $ 1,809 $ 1,774 $ 1,420 $ 1,246 $ 1,197 2 % 51 %

(in thousands)

Average full-time equivalent employees 26.4 24.6 20.9 20.2 20.2 7 % 31 %

NM - Not Meaningful

Table 9 - Impact of Notable Items

2026 2025

Second First Fourth Third Second

($ in millions) Quarter Quarter Quarter Quarter Quarter

Personnel costs $ 38 $ 97 $ 50 $ — $ 6

Outside data processing and other services 74 88 29 3 —

Equipment 15 19 2 1 —

Net occupancy 2 2 — — —

Professional services 4 18 57 9 —

Marketing 8 6 3 — —

Deposit and other insurance expense 7 — (23) (6) (3)

Other noninterest expense 4 33 12 1 —

Total noninterest expense $ 152 $ 263 $ 130 $ 8 $ 3

Acquisition-related expenses included in Notable Items $ 152 $ 263 $ 154 $ 14 $ —

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

Table 10 - Adjusted Noninterest Expense (Non-GAAP)

2026 2025

Second First Fourth Third Second Change (%)

($ in millions) Quarter Quarter Quarter Quarter Quarter LQ YOY

Personnel costs $ 972 $ 895 $ 795 $ 757 $ 716 9 % 36 %

Outside data processing and other services 252 223 193 195 182 13 38

Equipment 81 74 65 65 68 9 19

Net occupancy 88 83 56 57 54 6 63

Professional services 27 26 23 22 22 4 23

Marketing 30 31 33 34 28 (3) 7

Deposit and other insurance expense 31 35 22 15 23 (11) 35

Amortization of intangibles 54 41 13 11 11 32 391

Lease financing equipment depreciation 2 3 3 4 2 (33) 0

Other noninterest expense 120 100 87 78 88 20 36

Total adjusted noninterest expense $ 1,657 $ 1,511 $ 1,290 $ 1,238 $ 1,194 10 % 39 %

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

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

Credit Quality

Table 11 – Credit Quality Metrics

2026 2025

($ in millions) June 30, March 31, December 31, September 30, June 30,

Total nonaccrual loans and leases $ 1,589 $ 1,332 $ 931 $ 808 $ 842

Total other real estate, net 23 22 13 10 10

Other NPAs (1)

— 3 1 3 —

Total nonperforming assets 1,612 1,357 945 821 852

Accruing loans and leases past due 90+ days 443 421 282 234 241

NPAs + accruing loans & leases past due 90+ days $ 2,055 $ 1,778 $ 1,227 $ 1,055 $ 1,093

NAL ratio (2)

0.84 % 0.71 % 0.62 % 0.59 % 0.62 %

NPA ratio (3)

0.85 0.72 0.63 0.60 0.63

(NPAs+90 days)/(Loans+OREO) 1.08 0.94 0.82 0.76 0.81

Provision for credit losses $ 132 $ 158 $ 123 $ 122 $ 103

Net charge-offs 119 111 89 75 66

Net charge-offs / Average total loans and leases 0.25 % 0.26 % 0.24 % 0.22 % 0.20 %

Allowance for loans and lease losses (ALLL) $ 3,249 $ 3,243 $ 2,537 $ 2,374 $ 2,331

Allowance for unfunded lending commitments 132 125 206 188 184

Allowance for credit losses (ACL) $ 3,381 $ 3,368 $ 2,743 $ 2,562 $ 2,515

ALLL as a % of:

Total loans and leases 1.72 % 1.72 % 1.70 % 1.72 % 1.73 %

NALs 204 243 272 294 277

NPAs 202 239 269 289 274

ACL as a % of:

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

NALs 213 253 295 317 299

NPAs 210 248 290 312 295

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

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

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

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

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

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

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

Capital

Table 12 – Capital Ratios

2026 2025

($ in billions) June 30, March 31, December 31, September 30, June 30,

Tangible common equity / tangible assets ratio 7.1 % 7.0 % 7.1 % 6.8 % 6.6 %

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

10.0 10.2 10.4 10.6 10.5

Regulatory Tier 1 risk-based capital ratio (1)

11.3 11.6 12.0 12.4 11.8

Regulatory Total risk-based capital ratio (1)

13.6 13.8 14.2 14.7 14.1

Total risk-weighted assets (1)

$ 214.2 $ 208.1 $ 166.7 $ 150.2 $ 148.6

(1)June 30, 2026 figures are estimated.

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

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

Income Taxes

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

Conference Call / Webcast Information

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

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

About Huntington

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

Caution Regarding Forward-Looking Statements

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

Basis of Presentation

Use of Non-GAAP Financial Measures

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

Annualized Data

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

Fully-Taxable Equivalent Interest Income and Net Interest Margin

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

Rounding

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

Notable Items

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

EX-99.2

Filename: hban20260630_8kex992.htm · Sequence: 3

Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

June 30, 2026

Table of Contents

Quarterly Key Statistics

Year-to-Date Key Statistics

Consolidated Balance Sheets

Loans and Leases Composition

Deposits Composition

Consolidated Quarterly Average Balance Sheets

Consolidated Quarterly Net Interest Margin - Interest Income / Expense

Consolidated Quarterly Net Interest Margin - Yield / Rate

Selected Quarterly Income Statement Data

Quarterly Mortgage Banking Noninterest Income

Quarterly Credit Reserves Analysis

Quarterly Net Charge-Off Analysis

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

Quarterly Accruing Past Due Loans and Leases

Quarterly Capital Under Current Regulatory Standards (Basel III)

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

Consolidated Year-to-Date Average Balance Sheets

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

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

Selected Year-to-Date Income Statement Data

Year-to-Date Mortgage Banking Noninterest Income

Year-to-Date Credit Reserves Analysis

Year-to-Date Net Charge-Off Analysis

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

Basis of Presentation

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

Non-GAAP Financial Measures

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

Fully-Taxable Equivalent (FTE) Basis

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

Non-Regulatory Capital Ratios

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

•Tangible common equity to tangible assets,

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

•Adjusted common equity tier 1 (CET1).

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

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

Notable Items

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)

Three Months Ended

(dollar amounts in millions, except per share data) June 30, March 31, June 30, Percent Changes vs.

2026 2026 2025 1Q26 2Q25

Net interest income - FTE (1)

$ 2,072 $ 1,910 $ 1,483 8 % 40 %

FTE adjustment (20) (19) (16) (5) (25)

Net interest income 2,052 1,891 1,467 9 40

Provision for credit losses 132 158 103 (16) 28

Noninterest income 785 682 471 15 67

Noninterest expense 1,809 1,774 1,197 2 51

Income before income taxes 896 641 638 40 40

Provision for income taxes

165 114 96 45 72

Income after income taxes 731 527 542 39 35

Income attributable to non-controlling interest 4 4 6 — (33)

Net income attributable to Huntington 727 523 536 39 36

Dividends on preferred shares 41 41 27 — 52

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

Net income per common share - diluted $ 0.33 $ 0.25 $ 0.34 32 % (3) %

Cash dividends declared per common share 0.155 0.155 0.155 — —

Tangible book value per common share at end of period (2) 9.65 9.55 9.13 1 6

Average common shares - basic 2,021 1,869 1,457 8 39

Average common shares - diluted 2,048 1,901 1,481 8 38

Ending common shares outstanding 2,020 2,027 1,459 — 38

Return on average assets 1.02 % 0.81 % 1.04 %

Return on average common shareholders’ equity 9.3 7.2 11.0

Return on average tangible common shareholders’ equity (3) 15.1 11.6 16.1

Net interest margin (1) 3.21 3.24 3.11

Efficiency ratio (4) 61.5 67.2 59.0

Effective tax rate 18.4 17.8 15.0

Average total assets $ 284,481 $ 262,170 $ 207,852 9 % 37 %

Average earning assets 258,600 238,973 191,092 8 35

Average loans and leases 189,255 174,216 133,171 9 42

Average total deposits 223,403 204,616 163,429 9 37

Average Huntington shareholders’ equity 32,555 29,896 20,548 9 58

Average common shareholders' equity

29,675 27,050 18,559 10 60

Average tangible common shareholders' equity 19,404 18,024 12,935 8 50

Total assets at end of period 283,984 285,372 207,742 — 37

Total Huntington shareholders’ equity at end of period 32,624 32,535 20,928 — 56

NCOs as a % of average loans and leases 0.25 % 0.26 % 0.20 %

NAL ratio 0.84 0.71 0.62

NPA ratio (5) 0.85 0.72 0.63

Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period 1.72 1.72 1.73

Allowance for credit losses (ACL) as a % of total loans and leases at the end of period 1.78 1.78 1.86

Common equity tier 1 risk-based capital ratio (6) 10.0 10.2 10.5

Tangible common equity / tangible asset ratio (7) 7.1 7.0 6.6

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

Huntington Bancshares Incorporated

Year-to-Date Key Statistics

(Unaudited)

Six Months Ended June 30, Change

(dollar amounts in millions, except per share data) 2026 2025 Amount Percent

Net interest income - FTE (1)

$ 3,982 $ 2,924 $ 1,058 36 %

FTE adjustment (39) (31) (8) (26)

Net interest income 3,943 2,893 1,050 36

Provision for credit losses 290 218 72 33

Noninterest income 1,467 965 502 52

Noninterest expense 3,583 2,349 1,234 53

Income before income taxes 1,537 1,291 246 19

Provision for income taxes 279 218 61 28

Income after income taxes 1,258 1,073 185 17

Income attributable to non-controlling interest 8 10 (2) (20)

Net income attributable to Huntington 1,250 1,063 187 18

Dividends on preferred shares 82 54 28 52

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

Net income per common share - diluted $ 0.59 $ 0.68 $ (0.09) (13) %

Cash dividends declared per common share 0.31 0.31 — —

Average common shares - basic 1,946 1,456 490 34

Average common shares - diluted 1,975 1,482 493 33

Return on average assets 0.92 % 1.04 %

Return on average common shareholders’ equity 8.3 11.1

Return on average tangible common shareholders’ equity (3) 13.4 16.4

Net interest margin (1) 3.23 3.11

Efficiency ratio (4) 64.2 58.9

Effective tax rate 18.1 16.8

Average total assets $ 273,387 $ 206,477 $ 66,910 32 %

Average earning assets 248,841 189,703 59,138 31

Average loans and leases 181,777 132,023 49,754 38

Average total deposits 214,061 162,519 51,542 32

Average Huntington shareholders’ equity 31,233 20,274 10,959 54

Average common shareholders' equity

28,370 18,285 10,085 55

Average tangible common shareholders' equity 18,718 12,657 6,061 48

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

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

Notes to Quarterly and Year-to-Date Key Statistics

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

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

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

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

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

(6)June 30, 2026 figure is estimated.

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

Huntington Bancshares Incorporated

Consolidated Balance Sheets

At June 30, At March 31, At December 31,

Percent Changes vs.

(dollar amounts in millions) 2026 2026 2025 1Q26 4Q25

(Unaudited) (Unaudited)

Assets

Cash and due from banks $ 3,330 $ 2,096 $ 1,783 59 % 87 %

Interest-earning deposits with banks 12,714 17,579 12,295 (28) 3

Trading account assets 326 199 63 64 417

Available-for-sale securities 35,206 35,557 26,132 (1) 35

Held-to-maturity securities 14,384 14,768 15,258 (3) (6)

Other securities 1,383 1,281 994 8 39

Loans held for sale 1,886 1,073 1,415 76 33

Loans and leases (1) 189,422 188,818 149,642 — 27

Allowance for loan and lease losses (3,249) (3,243) (2,537) — (28)

Net loans and leases 186,173 185,575 147,105 — 27

Bank-owned life insurance 3,676 3,673 2,902 — 27

Accrued income and other receivables 2,960 2,197 2,621 35 13

Premises and equipment 2,171 2,138 1,321 2 64

Goodwill 9,527 9,527 5,997 — 59

Servicing rights and other intangible assets 1,691 1,727 752 (2) 125

Other assets 8,557 7,982 6,468 7 32

Total assets $ 283,984 $ 285,372 $ 225,106 — % 26 %

Liabilities and shareholders' equity

Liabilities

Deposits (2) $ 222,466 $ 223,482 $ 176,610 — % 26 %

Short-term borrowings 3,111 1,875 1,261 66 % 147 %

Long-term debt 18,738 21,594 17,221 (13) 9

Other liabilities 7,004 5,840 5,635 20 24

Total liabilities 251,319 252,791 200,727 (1) 25

Shareholders' equity

Preferred stock 2,881 2,881 2,731 — 5

Common stock 20 20 16 — 25

Capital surplus 25,150 25,273 17,244 — 46

Less treasury shares, at cost (94) (95) (92) 1 (2)

Accumulated other comprehensive income (loss) (2,213) (2,059) (1,908) (7) (16)

Retained earnings 6,880 6,515 6,351 6 8

Total Huntington shareholders’ equity 32,624 32,535 24,342 — 34

Non-controlling interest 41 46 37 (11) 11

Total equity 32,665 32,581 24,379 — 34

Total liabilities and equity $ 283,984 $ 285,372 $ 225,106 — % 26 %

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

Common shares outstanding 2,020,414,826 2,027,130,587 1,567,732,506

Treasury shares outstanding 7,152,410 7,269,138 7,187,541

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

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

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

(2)See page 6 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Ending balances by type:

Total loans and leases

Commercial:

Commercial and industrial $ 91,378 49 % $ 89,282 47 % $ 69,442 46 % $ 62,978 45 % $ 60,723 45 %

Commercial real estate 23,457 12 24,337 13 15,209 10 10,732 8 10,698 8

Lease financing 5,714 3 5,796 3 5,727 4 5,515 4 5,516 4

Total commercial 120,549 64 119,415 63 90,378 60 79,225 57 76,937 57

Consumer:

Residential mortgage 33,221 18 33,458 19 24,777 17 24,502 18 24,527 19

Automobile 15,460 8 15,953 8 16,168 11 15,996 12 15,382 11

Home equity 11,884 6 11,831 6 10,395 7 10,314 7 10,221 8

RV and marine

5,706 3 5,627 3 5,682 4 5,805 4 5,907 4

Other consumer 2,602 1 2,534 1 2,242 1 2,114 2 1,986 1

Total consumer 68,873 36 69,403 37 59,264 40 58,731 43 58,023 43

Total loans and leases $ 189,422 100 % $ 188,818 100 % $ 149,642 100 % $ 137,956 100 % $ 134,960 100 %

Ending balances by business segment:

Consumer & Regional Banking $ 103,317 55 % $ 104,578 55 % $ 79,069 53 % $ 75,027 55 % $ 73,887 55 %

Commercial Banking 86,089 45 84,199 45 70,391 47 62,755 45 60,823 45

Treasury / Other 16 — 41 — 182 — 174 — 250 —

Total loans and leases $ 189,422 100 % $ 188,818 100 % $ 149,642 100 % $ 137,956 100 % $ 134,960 100 %

Average balances by business segment:

Consumer & Regional Banking $ 104,270 55 % $ 95,969 55 % $ 77,908 53 % $ 74,306 55 % $ 73,154 55 %

Commercial Banking 84,706 45 78,029 45 68,388 47 61,373 45 59,806 45

Treasury / Other 279 — 218 — 311 — 265 — 211 —

Total loans and leases $ 189,255 100 % $ 174,216 100 % $ 146,607 100 % $ 135,944 100 % $ 133,171 100 %

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Ending balances by type:

Total deposits

Demand deposits - noninterest-bearing $ 40,129 18 % $ 40,839 18 % $ 32,205 18 % $ 28,596 17 % $ 28,656 18 %

Demand deposits - interest-bearing 62,395 28 61,086 27 48,510 27 46,056 28 45,468 28

Money market deposits 75,717 34 75,554 34 65,123 37 62,837 38 60,998 37

Savings deposits 18,820 9 18,971 9 15,426 9 14,986 9 15,112 9

Time deposits 25,405 11 27,032 12 15,346 9 12,737 8 13,146 8

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

Ending balances by business segment:

Consumer & Regional Banking $ 150,687 68 % $ 153,000 69 % $ 117,188 66 % $ 110,043 67 % $ 111,926 68 %

Commercial Banking 62,713 28 60,775 27 50,657 29 47,651 28 43,691 27

Treasury / Other 9,066 4 9,707 4 8,765 5 7,518 5 7,763 5

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

Average balances by business segment:

Consumer & Regional Banking $ 152,612 68 % $ 138,557 67 % $ 114,613 66 % $ 111,138 68 % $ 112,135 69 %

Commercial Banking 61,597 28 56,622 28 50,470 29 46,346 28 43,288 26

Treasury / Other 9,194 4 9,437 5 8,073 5 7,328 4 8,006 5

Total deposits $ 223,403 100 % $ 204,616 100 % $ 173,156 100 % $ 164,812 100 % $ 163,429 100 %

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

Quarterly Average Balances (1)

June 30, March 31, December 31, September 30, June 30, Percent Changes vs.

(dollar amounts in millions) 2026 2026 2025 2025 2025 1Q26 2Q25

Assets:

Interest-earning deposits with banks $ 16,977 $ 15,634 $ 12,231 $ 11,823 $ 12,264 9 % 38 %

Trading account assets 281 235 112 629 634 20 (56)

Investment and other securities:

Available-for-sale securities:

Taxable 31,486 28,063 22,879 23,485 24,015 12 31

Tax-exempt 3,487 3,441 3,405 3,318 3,251 1 7

Total available-for-sale securities 34,973 31,504 26,284 26,803 27,266 11 28

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

Other securities 1,369 1,219 949 888 881 12 55

Total investment and other securities 50,913 47,698 42,630 43,443 44,277 7 15

Loans held for sale 1,174 1,190 931 893 746 (1) 57

Loans and leases: (2)

Commercial:

Commercial and industrial 90,371 81,535 67,378 61,440 59,393 11 52

Commercial real estate 23,925 21,138 14,268 10,692 10,785 13 122

Lease financing 5,726 5,754 5,498 5,483 5,458 — 5

Total commercial 120,022 108,427 87,144 77,615 75,636 11 59

Consumer:

Residential mortgage 33,515 30,392 25,098 24,511 24,423 10 37

Automobile 15,650 16,056 16,114 15,693 15,132 (3) 3

Home equity 11,878 11,325 10,372 10,264 10,196 5 16

RV and marine 5,646 5,631 5,747 5,860 5,921 — (5)

Other consumer 2,544 2,385 2,132 2,001 1,863 7 37

Total consumer 69,233 65,789 59,463 58,329 57,535 5 20

Total loans and leases 189,255 174,216 146,607 135,944 133,171 9 42

Total earning assets 258,600 238,973 202,511 192,732 191,092 8 35

Cash and due from banks 2,036 1,778 1,396 1,445 1,407 15 45

Goodwill and other intangible assets 10,468 9,175 6,043 5,625 5,640 14 86

All other assets 13,377 12,244 10,280 9,925 9,713 9 38

Total assets $ 284,481 $ 262,170 $ 220,230 $ 209,727 $ 207,852 9 % 37 %

Liabilities and shareholders' equity:

Interest-bearing deposits:

Demand deposits - interest-bearing $ 62,388 $ 52,985 $ 47,185 $ 45,980 $ 44,677 18 % 40 %

Money market deposits 75,309 75,216 65,182 62,009 61,090 — 23

Savings deposits 18,940 18,033 15,360 15,042 15,127 5 25

Time deposits 26,758 22,864 14,661 12,773 13,290 17 101

Total interest-bearing deposits 183,395 169,098 142,388 135,804 134,184 8 37

Short-term borrowings 1,887 1,745 897 1,267 1,261 8 50

Long-term debt 20,971 20,248 17,335 17,433 17,776 4 18

Total interest-bearing liabilities 206,253 191,091 160,620 154,504 153,221 8 35

Demand deposits - noninterest-bearing 40,008 35,518 30,768 29,008 29,245 13 37

All other liabilities 5,620 5,624 4,907 4,826 4,788 — 17

Total liabilities 251,881 232,233 196,295 188,338 187,254 8 35

Total Huntington shareholders’ equity 32,555 29,896 23,896 21,348 20,548 9 58

Non-controlling interest 45 41 39 41 50 10 (10)

Total equity 32,600 29,937 23,935 21,389 20,598 9 58

Total liabilities and equity $ 284,481 $ 262,170 $ 220,230 $ 209,727 $ 207,852 9 % 37 %

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

(2)Includes nonaccrual loans and leases.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Interest Income / Expense

(Unaudited)

Quarterly Interest Income / Expense (1) (2)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Assets

Interest-earning deposits with banks $ 156 $ 141 $ 124 $ 134 $ 139

Trading account assets 3 2 — 7 6

Investment and other securities:

Available-for-sale securities:

Taxable 285 258 212 246 278

Tax-exempt 43 42 43 41 41

Total available-for-sale securities 328 300 255 287 319

Held-to-maturity securities - taxable 97 99 103 105 107

Other securities 17 16 11 12 12

Total investment and other securities 442 415 369 404 438

Loans held for sale 19 18 14 15 12

Loans and leases:

Commercial:

Commercial and industrial 1,336 1,191 1,023 959 914

Commercial real estate 370 327 233 187 183

Lease financing 101 99 91 93 92

Total commercial 1,807 1,617 1,347 1,239 1,189

Consumer:

Residential mortgage 404 353 269 259 253

Automobile 229 232 241 234 219

Home equity 202 193 184 190 186

RV and marine

76 76 80 80 79

Other consumer 64 58 54 55 51

Total consumer 975 912 828 818 788

Total loans and leases 2,782 2,529 2,175 2,057 1,977

Total earning assets $ 3,402 $ 3,105 $ 2,682 $ 2,617 $ 2,572

Liabilities

Interest-bearing deposits:

Demand deposits - interest-bearing $ 285 $ 246 $ 227 $ 235 $ 223

Money market deposits 493 446 437 466 464

Savings deposits

39 30 19 13 11

Time deposits

231 198 137 116 124

Total interest-bearing deposits 1,048 920 820 830 822

Short-term borrowings 18 16 10 13 13

Long-term debt 264 259 243 251 254

Total interest-bearing liabilities 1,330 1,195 1,073 1,094 1,089

Net interest income $ 2,072 $ 1,910 $ 1,609 $ 1,523 $ 1,483

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

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

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield / Rate

(Unaudited)

Quarterly Average Yield / Rate (1)

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Assets

Interest-earning deposits with banks 3.67 % 3.62 % 4.03 % 4.53 % 4.52 %

Trading account assets 3.97 3.70 2.58 4.03 3.72

Investment and other securities:

Available-for-sale securities:

Taxable 3.62 3.67 3.72 4.19 4.62

Tax-exempt 4.92 4.86 4.99 5.02 4.93

Total available-for-sale securities 3.75 3.80 3.88 4.29 4.66

Held-to-maturity securities - taxable 2.65 2.65 2.66 2.66 2.66

Other securities 5.00 5.17 4.86 5.15 5.85

Total investment and other securities 3.47 3.48 3.46 3.72 3.95

Loans held for sale 6.16 6.19 6.13 6.52 6.43

Loans and leases: (2)

Commercial:

Commercial and industrial 5.85 5.85 5.94 6.11 6.09

Commercial real estate 6.12 6.17 6.39 6.86 6.71

Lease financing 6.98 6.86 6.48 6.69 6.66

Total commercial 5.96 5.96 6.05 6.25 6.22

Consumer:

Residential mortgage 4.81 4.65 4.29 4.23 4.15

Automobile 5.87 5.86 5.93 5.92 5.82

Home equity 6.85 6.89 7.02 7.34 7.32

RV and marine

5.44 5.44 5.53 5.41 5.31

Other consumer 10.09 9.88 10.11 10.82 10.88

Total consumer 5.65 5.59 5.54 5.57 5.49

Total loans and leases 5.84 5.82 5.84 5.96 5.91

Total earning assets 5.28 5.27 5.25 5.39 5.40

Liabilities

Interest-bearing deposits:

Demand deposits - interest-bearing 1.83 1.88 1.91 2.02 2.00

Money market deposits 2.62 2.41 2.66 2.99 3.05

Savings deposits

0.83 0.68 0.47 0.35 0.28

Time deposits

3.46 3.50 3.69 3.60 3.74

Total interest-bearing deposits 2.29 2.21 2.28 2.43 2.46

Short-term borrowings 3.65 3.83 4.45 3.90 4.37

Long-term debt 5.06 5.09 5.61 5.75 5.69

Total interest-bearing liabilities 2.59 2.53 2.65 2.81 2.85

Net interest rate spread 2.69 2.74 2.60 2.58 2.55

Impact of noninterest-bearing funds on margin 0.52 0.50 0.55 0.55 0.56

Net interest margin 3.21 % 3.24 % 3.15 % 3.13 % 3.11 %

Additional information:

Commercial Loan Derivative Impact

Commercial loans (2) (3) 6.02 % 6.04 % 6.23 % 6.50 % 6.49 %

Impact of commercial loan derivatives (0.06) (0.08) (0.18) (0.25) (0.27)

Total commercial - as reported 5.96 % 5.96 % 6.05 % 6.25 % 6.22 %

Average SOFR 3.62 % 3.66 % 4.00 % 4.33 % 4.32 %

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

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

(2)Includes nonaccrual loans and leases.

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

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

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)

Three Months Ended

(dollar amounts in millions, except per share data) June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Interest income

$ 3,382 $ 3,086 $ 2,665 $ 2,600 $ 2,556

Interest expense

1,330 1,195 1,073 1,094 1,089

Net interest income 2,052 1,891 1,592 1,506 1,467

Provision for credit losses 132 158 123 122 103

Net interest income after provision for credit losses 1,920 1,733 1,469 1,384 1,364

Payments and cash management revenue 204 187 170 174 165

Wealth and asset management revenue 134 120 102 104 102

Customer deposit and loan fees 128 110 107 102 95

Capital markets and advisory fees 140 132 101 94 84

Mortgage banking income 53 32 39 43 28

Insurance income 21 21 22 20 19

Leasing revenue 29 13 19 23 10

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

Other noninterest income 74 54 22 68 26

Total noninterest income

785 682 582 628 471

Personnel costs 1,010 992 845 757 722

Outside data processing and other services 326 311 222 198 182

Equipment 96 93 67 66 68

Net occupancy 90 85 56 57 54

Professional services 31 44 80 31 22

Marketing 38 37 36 34 28

Deposit and other insurance expense 38 35 (1) 9 20

Amortization of intangibles 54 41 13 11 11

Lease financing equipment depreciation 2 3 3 4 2

Other noninterest expense 124 133 99 79 88

Total noninterest expense

1,809 1,774 1,420 1,246 1,197

Income before income taxes 896 641 631 766 638

Provision for income taxes

165 114 108 133 96

Income after income taxes 731 527 523 633 542

Income attributable to non-controlling interest 4 4 4 4 6

Net income attributable to Huntington 727 523 519 629 536

Dividends on preferred shares 41 41 43 27 27

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

Average common shares - basic

2,021 1,869 1,544 1,459 1,457

Average common shares - diluted

2,048 1,901 1,570 1,485 1,481

Per common share

Net income - basic $ 0.34 $ 0.26 $ 0.31 $ 0.41 $ 0.35

Net income - diluted 0.33 0.25 0.30 0.41 0.34

Cash dividends declared

0.155 0.155 0.155 0.155 0.155

Revenue - fully-taxable equivalent (FTE)

Net interest income $ 2,052 $ 1,891 $ 1,592 $ 1,506 $ 1,467

FTE adjustment 20 19 17 17 16

Net interest income FTE (1) 2,072 1,910 1,609 1,523 1,483

Noninterest income 785 682 582 628 471

Total revenue FTE (1) $ 2,857 $ 2,592 $ 2,191 $ 2,151 $ 1,954

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

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)

Three Months Ended

June 30, March 31, December 31, September 30, June 30, Percent Changes vs.

(dollar amounts in millions)

2026 2026 2025 2025 2025 1Q26 2Q25

Net origination and secondary marketing income $ 45 $ 35 $ 28 $ 30 $ 26 29 % 73 %

Net mortgage servicing income

Loan servicing income

32 32 26 26 26 — 23

Amortization of capitalized servicing

(24) (21) (20) (17) (18) (14) (33)

Operating income

8 11 6 9 8 (27) —

MSR valuation adjustment (1)

2 (5) 13 (1) — 140 100

Gains (losses) due to MSR hedging

(2) (10) (8) 4 (6) 80 67

Net MSR risk management

— (15) 5 3 (6) 100 100

Total net mortgage servicing income 8 (4) 11 12 2 300 300

All other — 1 — 1 — (100) —

Mortgage banking income $ 53 $ 32 $ 39 $ 43 $ 28 66 % 89 %

Mortgage origination volume $ 3,581 $ 2,323 $ 2,178 $ 2,243 $ 2,412 54 % 48 %

Mortgage origination volume for sale 1,964 1,457 1,421 1,516 1,508 35 30

Third party mortgage loans serviced (2) $ 43,419 $ 42,796 $ 34,407 $ 34,370 $ 33,925 1 % 28 %

Mortgage servicing rights (2) 752 735 593 576 567 2 33

MSR % of investor servicing portfolio (2) 1.73 % 1.72 % 1.72 % 1.67 % 1.67 % 1 % 4 %

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

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)

Three Months Ended

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Allowance for loan and lease losses, beginning of period $ 3,243 $ 2,537 $ 2,374 $ 2,331 $ 2,263

Loan and lease charge-offs (191) (173) (145) (137) (111)

Recoveries of loans and leases previously charged off

72 62 56 62 45

Net loan and lease charge-offs (119) (111) (89) (75) (66)

Provision for loan and lease losses 125 250 109 118 134

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

— 322 71 — —

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

— 245 72 — —

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

Allowance for unfunded lending commitments, beginning of period 125 206 188 184 215

Provision (benefit) for unfunded lending commitments

7 (92) 14 4 (31)

Allowance for unfunded lending commitments at acquisition

— 11 4 — —

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

Total allowance for credit losses, end of period $ 3,381 $ 3,368 $ 2,743 $ 2,562 $ 2,515

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

Total loans and leases 1.72 % 1.72 % 1.70 % 1.72 % 1.73 %

Nonaccrual loans and leases (NALs) 204 243 272 294 277

Nonperforming assets (NPAs) 202 239 269 289 274

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

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

Nonaccrual loans and leases (NALs) 213 253 295 317 299

Nonperforming assets (NPAs) 210 248 290 312 295

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

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Allocation of allowance for credit losses

Commercial

Commercial and industrial $ 1,443 $ 1,390 $ 1,070 $ 1,084 $ 1,068

Commercial real estate 800 819 569 419 417

Lease financing 96 96 92 65 63

Total commercial 2,339 2,305 1,731 1,568 1,548

Consumer

Residential mortgage 259 291 205 204 208

Automobile 169 178 181 172 161

Home equity 174 171 149 160 153

RV and marine

129 134 136 141 143

Other consumer 179 164 135 129 118

Total consumer 910 938 806 806 783

Total allowance for loan and lease losses 3,249 3,243 2,537 2,374 2,331

Allowance for unfunded lending commitments 132 125 206 188 184

Total allowance for credit losses $ 3,381 $ 3,368 $ 2,743 $ 2,562 $ 2,515

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

Three Months Ended

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

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

Commercial:

Commercial and industrial $ 66 $ 54 $ 40 $ 39 $ 32

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

Lease financing (3) — (8) 1 2

Total commercial 66 56 40 36 31

Consumer:

Residential mortgage 3 1 — — 1

Automobile 12 15 14 10 7

Home equity 1 — — 1 —

RV and marine

6 7 6 4 5

Other consumer 31 32 29 24 22

Total consumer 53 55 49 39 35

Total net charge-offs $ 119 $ 111 $ 89 $ 75 $ 66

Net charge-offs (recoveries) - annualized percentages:

Commercial:

Commercial and industrial 0.29 % 0.26 % 0.24 % 0.25 % 0.22 %

Commercial real estate 0.06 0.03 0.21 (0.13) (0.14)

Lease financing (0.18) 0.01 (0.53) 0.04 0.12

Total commercial 0.22 0.21 0.18 0.18 0.16

Consumer:

Residential mortgage 0.03 0.02 0.01 0.01 0.01

Automobile 0.32 0.38 0.36 0.26 0.19

Home equity 0.01 0.02 (0.01) 0.01 0.01

RV and marine

0.44 0.51 0.45 0.30 0.33

Other consumer 4.88 5.30 5.22 4.92 4.86

Total consumer 0.30 0.34 0.33 0.27 0.25

Net charge-offs as a % of average loans and leases 0.25 % 0.26 % 0.24 % 0.22 % 0.20 %

Huntington Bancshares Incorporated

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

(Unaudited)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Nonaccrual loans and leases (NALs):

Commercial and industrial $ 986 $ 824 $ 562 $ 455 $ 489

Commercial real estate 243 188 133 131 138

Lease financing 8 9 8 10 10

Residential mortgage 223 185 107 97 93

Automobile 7 6 6 6 5

Home equity 120 117 113 108 105

RV and marine 2 2 2 1 2

Other consumer — 1 — — —

Total nonaccrual loans and leases 1,589 1,332 931 808 842

Other real estate, net 23 22 13 10 10

Other NPAs (1) — 3 1 3 —

Total nonperforming assets $ 1,612 $ 1,357 $ 945 $ 821 $ 852

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

NPA ratio (2) 0.85 0.72 0.63 0.60 0.63

(NPA+90days)/(Loan+OREO) (3) 1.08 0.94 0.82 0.76 0.81

Three Months Ended

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

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

Acquired nonperforming assets

— 295 81 — —

New nonperforming assets 737 403 300 252 343

Returns to accruing status (36) (52) (22) (25) (27)

Charge-offs (122) (121) (75) (62) (57)

Payments (306) (108) (141) (167) (203)

Sales (18) (5) (19) (29) (8)

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

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

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

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

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

(Unaudited)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Accruing loans and leases past due 90+ days:

Commercial and industrial $ 2 $ 2 $ 1 $ 1 $ 4

Commercial real estate — 3 — — —

Lease financing 6 5 9 6 14

Residential mortgage (excluding loans guaranteed by the U.S. Government) 66 46 46 35 40

Automobile 12 12 14 12 10

Home equity 24 22 16 20 18

RV and marine

3 3 4 3 2

Other consumer 5 6 6 5 4

Total, excl. loans guaranteed by the U.S. Government 118 99 96 82 92

Add: loans guaranteed by U.S. Government 325 322 186 152 149

Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government $ 443 $ 421 $ 282 $ 234 $ 241

Ratios:

Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases 0.06 % 0.05 % 0.06 % 0.06 % 0.07 %

Guaranteed by U.S. Government, as a percent of total loans and leases 0.17 0.17 0.12 0.11 0.11

Including loans guaranteed by the U.S. Government, as a percent of total loans and leases 0.23 0.22 0.19 0.17 0.18

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

(Unaudited)

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

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

Total Huntington shareholders’ equity $ 32,624 $ 32,535 $ 24,342 $ 22,248 $ 20,928

Regulatory capital adjustments:

Shareholders’ preferred equity and related surplus (2,891) (2,891) (2,741) (2,741) (1,999)

Accumulated other comprehensive loss 2,208 2,055 1,904 2,065 2,241

Goodwill and other intangibles, net of taxes (10,126) (10,180) (5,999) (5,481) (5,508)

Deferred tax assets from tax loss and credit carryforwards (427) (359) (220) (167) (123)

Common equity tier 1 capital 21,388 21,160 17,286 15,924 15,539

Additional tier 1 capital

Shareholders’ preferred equity and related surplus 2,891 2,891 2,741 2,741 1,999

Tier 1 capital 24,279 24,051 20,027 18,665 17,538

Long-term debt and other tier 2 qualifying instruments 2,127 2,126 1,480 1,477 1,606

Qualifying allowance for loan and lease losses 2,670 2,595 2,086 1,880 1,859

Tier 2 capital 4,797 4,721 3,566 3,357 3,465

Total risk-based capital $ 29,076 $ 28,772 $ 23,593 $ 22,022 $ 21,003

Risk-weighted assets (RWA) (1) $ 214,192 $ 208,132 $ 166,684 $ 150,222 $ 148,602

Common equity tier 1 risk-based capital ratio (1) 10.0 % 10.2 % 10.4 % 10.6 % 10.5 %

Other regulatory capital data:

Tier 1 leverage ratio (1) 8.8 9.5 9.3 9.0 8.5

Tier 1 risk-based capital ratio (1) 11.3 11.6 12.0 12.4 11.8

Total risk-based capital ratio (1) 13.6 13.8 14.2 14.7 14.1

Reconciliation of Non-GAAP Measure (2)

Common equity tier 1 (CET1) capital (A) $ 21,388 $ 21,160 $ 17,286 $ 15,924 $ 15,539

Add: Accumulated other comprehensive income (loss) (AOCI) (2,208) (2,055) (1,904) (2,065) (2,241)

Less: AOCI cash flow hedge (167) (49) 27 16 (7)

Adjusted common equity tier 1 (B) 19,347 19,154 15,355 13,843 13,305

Risk-weighted assets (RWA) (C) 214,192 208,132 166,684 150,222 148,602

CET1 ratio (A/C) 10.0 % 10.2 % 10.4 % 10.6 % 10.5 %

Adjusted CET1 ratio (B/C) 9.0 9.2 9.2 9.2 9.0

(1)June 30, 2026 figures are estimated.

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

Huntington Bancshares Incorporated

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

(Unaudited)

Quarterly Common Stock Summary

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Cash dividends declared per common share $ 0.155 $ 0.155 $ 0.155 $ 0.155 $ 0.155

Common shares outstanding (in millions):

Average - basic 2,021 1,869 1,544 1,459 1,457

Average - diluted 2,048 1,901 1,570 1,485 1,481

Ending 2,020 2,027 1,568 1,459 1,459

Tangible book value per common share (1) $ 9.65 $ 9.55 $ 9.89 $ 9.54 $ 9.13

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

Non-Regulatory Capital

June 30, March 31, December 31, September 30, June 30,

(dollar amounts in millions) 2026 2026 2025 2025 2025

Calculation of tangible equity / asset ratio:

Total Huntington shareholders’ equity $ 32,624 $ 32,535 $ 24,342 $ 22,248 $ 20,928

Goodwill and other intangible assets (10,442) (10,496) (6,142) (5,611) (5,635)

Deferred tax liability on other intangible assets (1) 192 203 30 13 16

Total tangible equity 22,374 22,242 18,230 16,650 15,309

Preferred equity (2,881) (2,881) (2,731) (2,731) (1,989)

Total tangible common equity $ 19,493 $ 19,361 $ 15,499 $ 13,919 $ 13,320

Total assets $ 283,984 $ 285,372 $ 225,106 $ 210,228 $ 207,742

Goodwill and other intangible assets (10,442) (10,496) (6,142) (5,611) (5,635)

Deferred tax liability on other intangible assets (1) 192 203 30 13 16

Total tangible assets $ 273,734 $ 275,079 $ 218,994 $ 204,630 $ 202,123

Shareholders' equity / total assets

11.5 % 11.4 % 10.8 % 10.6 % 10.1 %

Tangible equity / tangible asset ratio 8.2 8.1 8.3 8.1 7.6

Tangible common equity / tangible asset ratio 7.1 7.0 7.1 6.8 6.6

Tangible common equity / RWA ratio (2)

9.1 9.3 9.3 9.3 9.0

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

(2)Estimated at June 30, 2026.

Other Data

June 30, March 31, December 31, September 30, June 30,

2026 2026 2025 2025 2025

Number of employees (Average full-time equivalent) 26,407 24,641 20,924 20,247 20,242

Number of domestic full-service branches (1)

1,407 1,403 1,005 972 971

ATM Count 2,016 2,043 1,591 1,569 1,565

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

Huntington Bancshares Incorporated

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

(Unaudited)

Return on Average Tangible Common Shareholders' Equity

Three Months Ended Six Months Ended

June 30, March 31, December 31, September 30, June 30, June 30, June 30,

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

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

Average Huntington common shareholders' equity $ 29,675 $ 27,050 $ 21,165 $ 19,197 $ 18,559 $ 28,370 $ 18,285

Less: Intangible assets and goodwill, net of tax effect 10,271 9,026 6,015 5,610 5,624 9,652 5,628

Average tangible common shareholders' equity (A) $ 19,404 $ 18,024 $ 15,150 $ 13,587 $ 12,935 $ 18,718 $ 12,657

Net income applicable to common shares $ 686 $ 482 $ 476 $ 602 $ 509 $ 1,168 $ 1,009

Add: Amortization of intangibles, net of deferred tax 42 33 10 8 9 75 18

Tangible net income applicable to common shares $ 728 $ 515 $ 486 $ 610 $ 518 $ 1,243 $ 1,027

Add: Notable Items, after tax 116 216 99 (13) 3 332 5

Adjusted net income applicable to common shares, excluding Notable Items $ 844 $ 731 $ 585 $ 597 $ 521 $ 1,575 $ 1,032

Tangible net income applicable to common shares, annualized (B) $ 2,920 $ 2,089 $ 1,928 $ 2,420 $ 2,078 $ 2,507 $ 2,071

Adjusted net income applicable to common shares, excluding Notable Items, annualized (C) 3,385 2,965 2,320 2,369 2,090 3,176 2,081

Return on average tangible common shareholders' equity (B/A) 15.1 % 11.6 % 12.7 % 17.8 % 16.1 % 13.4 % 16.4 %

Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A) 17.5 % 16.4 % 15.3 % 17.4 % 16.2 % 17.0 % 16.4 %

Efficiency Ratio

Three Months Ended Six Months Ended

(amounts in millions)

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Noninterest expense (GAAP) $ 1,809 $ 1,774 $ 1,197 $ 3,583 $ 2,349

Less: Intangible amortization 54 41 11 95 22

Noninterest expense less amortization of intangibles (non-GAAP) $ 1,755 $ 1,733 $ 1,186 $ 3,488 $ 2,327

Net interest income $ 2,052 $ 1,891 $ 1,467 $ 3,943 $ 2,893

Noninterest income 785 682 471 1,467 965

Total Revenue (GAAP) 2,837 2,573 1,938 5,410 3,858

Add: FTE adjustment (1) 20 19 16 39 31

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

FTE revenue less gains (losses) on sales of securities (non-GAAP) $ 2,855 $ 2,579 $ 2,012 $ 5,434 $ 3,947

Efficiency Ratio (2) 61.5 % 67.2 % 59.0 % 64.2 % 58.9 %

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

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

Huntington Bancshares Incorporated

Consolidated Year-To-Date Average Balance Sheets

(Unaudited)

YTD Average Balances (1)

Six Months Ended June 30,

Change

(dollar amounts in millions)

2026 2025

Amount

Percent

Assets

Interest-earning deposits with banks $ 16,309 $ 11,950 $ 4,359 36 %

Trading account assets 258 561 (303) (54)

Investment and other securities:

Available-for-sale securities:

Taxable

29,784 24,130 5,654 23

Tax-exempt

3,464 3,252 212 7

Total available-for-sale securities

33,248 27,382 5,866 21

Held-to-maturity securities - taxable

14,772 16,243 (1,471) (9)

Other securities 1,295 879 416 47

Total investment and other securities 49,315 44,504 4,811 11

Loans held for sale

1,182 665 517 78

Loans and leases: (2)

Commercial:

Commercial and industrial 85,978 58,478 27,500 47

Commercial real estate 22,539 10,902 11,637 107

Lease financing 5,740 5,467 273 5

Total commercial 114,257 74,847 39,410 53

Consumer:

Residential mortgage 31,962 24,362 7,600 31

Automobile 15,852 14,900 952 6

Home equity 11,603 10,160 1,443 14

RV and marine

5,639 5,936 (297) (5)

Other consumer 2,464 1,818 646 36

Total consumer 67,520 57,176 10,344 18

Total loans and leases

181,777 132,023 49,754 38

Total earning assets 248,841 189,703 59,138 31

Cash and due from banks

1,908 1,406 502 36

Goodwill and other intangible assets 9,825 5,646 4,179 74

All other assets

12,813 9,722 3,091 32

Total assets

$ 273,387 $ 206,477 $ 66,910 32 %

Liabilities and shareholders' equity

Interest-bearing deposits:

Demand deposits - interest-bearing

$ 57,711 $ 44,132 $ 13,579 31 %

Money market deposits 75,263 60,654 14,609 24

Savings deposits

18,489 14,998 3,491 23

Time deposits 24,822 13,639 11,183 82

Total interest-bearing deposits

176,285 133,423 42,862 32

Short-term borrowings 1,816 1,350 466 35

Long-term debt 20,611 17,341 3,270 19

Total interest-bearing liabilities 198,712 152,114 46,598 31

Demand deposits - noninterest-bearing 37,776 29,096 8,680 30

All other liabilities 5,623 4,944 679 14

Total liabilities 242,111 186,154 55,957 30

Total Huntington shareholders’ equity 31,233 20,274 10,959 54

Non-controlling interest 43 49 (6) (12)

Total equity 31,276 20,323 10,953 54

Total liabilities and equity $ 273,387 $ 206,477 $ 66,910 32 %

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

(2)Includes nonaccrual loans and leases.

Huntington Bancshares Incorporated

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

(Unaudited)

YTD Interest Income / Expense (1) (2)

Six Months Ended June 30,

(dollar amounts in millions)

2026 2025

Assets

Interest-earning deposits with banks $ 297 $ 268

Trading account assets 5 10

Investment and other securities:

Available-for-sale securities:

Taxable 543 565

Tax-exempt 85 83

Total available-for-sale securities 628 648

Held-to-maturity securities - taxable 196 215

Other securities 33 24

Total investment and other securities 857 887

Loans held for sale 37 21

Loans and leases:

Commercial:

Commercial and industrial 2,527 1,787

Commercial real estate 697 368

Lease financing 200 181

Total commercial 3,424 2,336

Consumer:

Residential mortgage 757 503

Automobile 461 426

Home equity 395 369

RV and marine 152 157

Other consumer 122 99

Total consumer 1,887 1,554

Total loans and leases 5,311 3,890

Total earning assets $ 6,507 $ 5,076

Liabilities

Interest-bearing deposits:

Demand deposits - interest-bearing $ 531 $ 428

Money market deposits 939 922

Savings deposits 69 18

Time deposits 429 264

Total interest-bearing deposits 1,968 1,632

Short-term borrowings 34 27

Long-term debt 523 493

Total interest-bearing liabilities 2,525 2,152

Net interest income $ 3,982 $ 2,924

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

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

Huntington Bancshares Incorporated

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

(Unaudited)

YTD Average Yields / Rates (1)

Six Months Ended June 30,

2026 2025

Assets

Interest-earning deposits with banks 3.65 % 4.49 %

Trading account assets 3.84 3.70

Investment and other securities:

Available-for-sale securities:

Taxable

3.65 4.68

Tax-exempt

4.89 5.08

Total available-for-sale securities

3.77 4.73

Held-to-maturity securities - taxable

2.65 2.65

Other securities 5.08 5.57

Total investment and other securities 3.47 3.98

Loans held for sale

6.18 6.45

Loans and leases: (2)

Commercial:

Commercial and industrial 5.85 6.08

Commercial real estate 6.15 6.71

Lease financing 6.92 6.57

Total commercial 5.96 6.21

Consumer:

Residential mortgage 4.74 4.13

Automobile 5.87 5.77

Home equity 6.87 7.33

RV and marine

5.44 5.32

Other consumer 9.99 10.94

Total consumer 5.62 5.47

Total loans and leases

5.83 5.89

Total earning assets

5.27 % 5.40 %

Liabilities

Interest-bearing deposits:

Demand deposits - interest-bearing

1.86 % 1.96 %

Money market deposits 2.52 3.06

Savings deposits

0.76 0.24

Time deposits 3.48 3.90

Total interest-bearing deposits

2.25 2.47

Short-term borrowings

3.73 4.10

Long-term debt

5.07 5.68

Total interest-bearing liabilities

2.56 2.85

Net interest rate spread

2.71 2.55

Impact of noninterest-bearing funds on margin

0.52 0.56

Net interest margin

3.23 % 3.11 %

Additional information:

Commercial Loan Derivative Impact

Commercial loans (2) (3)

6.03 % 6.53 %

Impact of commercial loan derivatives (0.07) (0.32)

Total commercial - as reported 5.96 % 6.21 %

Average SOFR 3.64 % 4.33 %

Total cost of deposits (4) 1.85 % 2.02 %

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

(2)Includes nonaccrual loans and leases.

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

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

Huntington Bancshares Incorporated

Selected Year-To-Date Income Statement Data

(Unaudited)

Six Months Ended June 30, Change

(dollar amounts in millions, except per share data) 2026 2025 Amount Percent

Interest income $ 6,468 $ 5,045 $ 1,423 28 %

Interest expense 2,525 2,152 373 17

Net interest income 3,943 2,893 1,050 36

Provision for credit losses 290 218 72 33

Net interest income after provision for credit losses 3,653 2,675 978 37

Payments and cash management revenue 391 320 71 22

Wealth and asset management revenue 254 203 51 25

Customer deposit and loan fees 238 181 57 31

Capital markets and advisory fees 272 151 121 80

Mortgage banking income 85 59 26 44

Insurance income 42 39 3 8

Leasing revenue 42 24 18 75

Net gains (losses) on sales of securities 15 (58) 73 126

Other noninterest income 128 46 82 178

Total noninterest income 1,467 965 502 52

Personnel costs 2,002 1,393 609 44

Outside data processing and other services 637 352 285 81

Equipment 189 135 54 40

Net occupancy 175 119 56 47

Professional services 75 44 31 70

Marketing 75 57 18 32

Deposit and other insurance expense 73 57 16 28

Amortization of intangibles 95 22 73 332

Lease financing equipment depreciation 5 6 (1) (17)

Other noninterest expense 257 164 93 57

Total noninterest expense 3,583 2,349 1,234 53

Income before income taxes 1,537 1,291 246 19

Provision for income taxes 279 218 61 28

Income after income taxes 1,258 1,073 185 17

Income attributable to non-controlling interest 8 10 (2) (20)

Net income attributable to Huntington 1,250 1,063 187 18

Dividends on preferred shares 82 54 28 52

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

Average common shares - basic 1,946 1,456 490 34

Average common shares - diluted 1,975 1,482 493 33

Per common share

Net income - basic $ 0.60 $ 0.69 $ (0.09) (13) %

Net income - diluted 0.59 0.68 (0.09) (13)

Cash dividends declared 0.31 0.31 — —

Revenue - fully taxable equivalent (FTE)

Net interest income $ 3,943 $ 2,893 $ 1,050 36 %

FTE adjustment 39 31 8 26

Net interest income (1) 3,982 2,924 1,058 36

Noninterest income 1,467 965 502 52

Total revenue (1) $ 5,449 $ 3,889 $ 1,560 40 %

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

Huntington Bancshares Incorporated

Year-To-Date Mortgage Banking Noninterest Income

(Unaudited)

Six Months Ended June 30, Change

(dollar amounts in millions) 2026 2025 Amount Percent

Net origination and secondary marketing income $ 80 $ 44 $ 36 82 %

Net mortgage servicing income

Loan servicing income 64 52 12 23

Amortization of capitalized servicing (45) (31) (14) (45)

Operating income 19 21 (2) (10)

MSR valuation adjustment (1) (3) (15) 12 80

(Losses) gains due to MSR hedging (12) 9 (21) (233)

Net MSR risk management (15) (6) (9) —

Total net mortgage servicing income 4 15 (11) (73)

All other 1 — 1 100

Mortgage banking income $ 85 $ 59 $ 26 44 %

Mortgage origination volume $ 5,904 $ 4,011 $ 1,893 47 %

Mortgage origination volume for sale 3,421 2,446 975 40

Third party mortgage loans serviced (2) 43,419 33,925 9,494 28

Mortgage servicing rights (2) 752 567 185 33

MSR % of investor servicing portfolio (2) 1.73 % 1.67 % 0.06 % 4 %

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

(2)At period end.

Huntington Bancshares Incorporated

Year-To-Date Credit Reserves Analysis

(Unaudited)

Six Months Ended June 30,

(dollar amounts in millions)

2026 2025

Allowance for loan and lease losses, beginning of period $ 2,537 $ 2,244

Loan and lease charge-offs (364) (244)

Recoveries of loans and leases previously charged off 134 92

Net loan and lease charge-offs (230) (152)

Provision for loan and lease losses 375 239

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

322 —

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

245 —

Allowance for loan and lease losses, end of period 3,249 2,331

Allowance for unfunded lending commitments, beginning of period 206 202

Provision (benefit) for unfunded lending commitments (85) (18)

Allowance for unfunded lending commitments at acquisition

11 —

Allowance for unfunded lending commitments, end of period 132 184

Total allowance for credit losses, end of period $ 3,381 $ 2,515

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

Total loans and leases 1.72 % 1.73 %

Nonaccrual loans and leases (NALs) 204 277

Nonperforming assets (NPAs) 202 274

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

Total loans and leases 1.78 % 1.86 %

Nonaccrual loans and leases (NALs) 213 299

Nonperforming assets (NPAs) 210 295

Huntington Bancshares Incorporated

Year-To-Date Net Charge-Off Analysis

(Unaudited)

Six Months Ended June 30,

(dollar amounts in millions) 2026 2025

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

Commercial:

Commercial and industrial $ 120 $ 80

Commercial real estate 5 (11)

Lease financing (3) 6

Total commercial 122 75

Consumer:

Residential mortgage 4 1

Automobile 27 20

Home equity 1 —

RV and marine 13 12

Other consumer 63 44

Total consumer 108 77

Total net charge-offs $ 230 $ 152

Net charge-offs (recoveries) - annualized percentages:

Commercial:

Commercial and industrial 0.28 % 0.28 %

Commercial real estate 0.04 (0.20)

Lease financing (0.08) 0.22

Total commercial 0.21 0.20

Consumer:

Residential mortgage 0.02 0.01

Automobile 0.35 0.27

Home equity 0.02 0.01

RV and marine 0.47 0.39

Other consumer 5.08 4.87

Total consumer 0.32 0.27

Net charge-offs as a % of average loans and leases 0.25 % 0.23 %

Huntington Bancshares Incorporated

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

(Unaudited)

At June 30,

(dollar amounts in millions) 2026 2025

Nonaccrual loans and leases (NALs):

Commercial and industrial $ 986 $ 489

Commercial real estate 243 138

Lease financing 8 10

Residential mortgage 223 93

Automobile 7 5

Home equity 120 105

RV and marine 2 2

Total nonaccrual loans and leases 1,589 842

Other real estate, net 23 10

Other NPAs (1) — —

Total nonperforming assets $ 1,612 $ 852

Nonaccrual loans and leases as a % of total loans and leases 0.84 % 0.62 %

NPA ratio (2) 0.85 0.63

(NPA+90days)/(Loan+OREO) (3) 1.08 0.81

Six Months Ended June 30,

(dollar amounts in millions) 2026 2025

Nonperforming assets, beginning of period $ 945 $ 822

Acquired nonperforming assets 295 —

New nonperforming assets 1,140 593

Returns to accruing status (88) (58)

Charge-offs (243) (112)

Payments (414) (381)

Sales (23) (12)

Nonperforming assets, end of period $ 1,612 $ 852

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

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

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

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Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

-Number 240

-Section 13e

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

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-Section 12

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Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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