8-K

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) April 23, 2026

______________________________________________________________________________________________________________________________

Huntington Bancshares Incorporated

(Exact name of registrant as specified in its charter)

_______________________________________________________________________________________________________________________________

Maryland	1-34073	31-0724920
(State or other jurisdiction of<br>incorporation or organization)	(Commission<br>File Number)	(I.R.S. Employer<br>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<br>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 April 23, 2026, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended March 31, 2026. Also on April 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 April 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 #13759583. 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 May 1, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13759583.

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, 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 April 23, 2026.

Exhibit 99.2 – Quarterly Financial Supplement, March 31, 2026.

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	News release of Huntington Bancshares Incorporated, datedApril23, 2026
Exhibit 99.2	Quarterly Financial Supplement,March31, 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:	April 23, 2026	By:	/s/ Zachary Wasserman
			Zachary Wasserman
			Chief Financial Officer

Document

Exhibit 99.1

April 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 First-Quarter Earnings

Huntington Delivers Strong Start to 2026, Driven by Strong Organic Growth, and Excellent Credit Performance

2026 First-Quarter Highlights:

•Earnings per common share (EPS) for the quarter was $0.25, lower by $0.05 from the prior quarter, and $0.09 lower than the year-ago quarter. Excluding the after-tax impact of Notable Items as detailed in Table 2, adjusted EPS, a non-GAAP measure, was $0.37, unchanged from the prior quarter and higher by $0.03 from the year-ago quarter.

•Successfully completed the systems conversion of Veritex Holdings, Inc. ("Veritex") in Mid-January.

•Closed the partnership with Cadence Bank ("Cadence") on February 1, 2026; integration expected to be completed in the second quarter of 2026.

•Net interest income increased $299 million, or 19%, from the prior quarter, and $465 million, or 33%, from the year-ago quarter.

•Noninterest income increased $100 million, or 17%, from the prior quarter, to $682 million. From the year-ago quarter, noninterest income increased $188 million, or 38%.

•Average total loans and leases increased $27.6 billion, or 19%, from the prior quarter to $174.2 billion and increased $43.4 billion, or 33%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions.

◦Average commercial loans grew $20.9 billion, or 24%, from the prior quarter and $34.0 billion, or 46%, from the year-ago quarter.

◦Average consumer loans grew $6.7 billion, or 11%, from the prior quarter and $9.3 billion, or 16%, from the year-ago quarter.

•Average total deposits increased $31.5 billion, or 18%, from the prior quarter and $43.0 billion, or 27%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions.

•Net charge-offs of 0.26% of average total loans and leases for the quarter, 2 basis points higher than the prior quarter and unchanged from the year ago quarter.

•Nonperforming asset ratio of 0.72% at quarter end, 9 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 $625 million from the prior quarter, with the increase primarily driven by the Cadence acquisition.

•Common Equity Tier 1 (CET1) risk-based capital ratio was 10.2%, at March 31, 2026, compared to 10.4% at the prior quarter end. Adjusted Common Equity Tier 1, including the impact of AOCI, excluding cash flow hedges, was 9.2%, unchanged from the prior quarter end.

•Tangible common equity (TCE) ratio of 7.0%, down slightly from the prior quarter end and up from 6.3% a year ago.

•Tangible book value per share of $9.55, down $0.34, or 3%, from the prior quarter and up $0.75, or 9%, from a year ago.

•Repurchased $150 million of common shares in the first quarter and an additional $100 million quarter‑to‑date in the second quarter, representing approximately 13 million shares repurchased year‑to‑date.

•On April 22, 2026, the Board of Directors approved a $3 billion share repurchase authorization, replacing the prior authorization.

COLUMBUS, Ohio – Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2026 first quarter of $523 million, or $0.25 per common share, an increase of $4 million, or 1%, from the prior quarter, and a decrease of $4 million, or 1%, from the year-ago quarter, inclusive of $271 million of pre-tax Notable Items in the 2026 first quarter, primarily due to acquisition-related expenses.

Return on average assets was 0.81%, return on average common equity was 7.2%, and return on average tangible common equity (ROTCE) was 11.6% for the quarter.

CEO Commentary:

“Coming off a transformational year in 2025, Huntington delivered a strong start to 2026 through disciplined execution and continued organic growth,” said Steve Steinour, chairman, president, and CEO. “Our core is performing very well, our credit remains strong, and we are driving toward our committed expense and revenue synergies from our Veritex and Cadence partnerships.”

“With Veritex now fully integrated, we are on schedule for a Cadence conversion in June. The strong engagement we have had from the Cadence teams will help deliver a successful conversion experience for customers. Both partnerships are already delivering growth opportunities across Texas and the South, and we expect further growth for years to come.”

“As we continue to navigate a period of relative economic uncertainty, our strong balance sheet and industry leading liquidity and reserves position us to be a source of strength for our customers and outperformance for our shareholders.”

“Our differentiated super regional model, which combines national capabilities with local delivery, helps us deliver durable earnings generation, tangible book value expansion, and attractive financial returns over the long-term.”

Table 1 – Earnings Performance Summary

		2026				2025
(in millions, except per share data)		First				Fourth				Third				Second				First
	Quarter				Quarter				Quarter				Quarter				Quarter
Net income attributable to Huntington		$	523			$	519			$	629			$	536			$	527
Diluted earnings per common share		0.25				0.30				0.41				0.34				0.34
Return on average assets		0.81		%		0.93		%		1.19		%		1.04		%		1.04		%
Return on average common equity		7.2				8.9				12.4				11.0				11.3
Return on average tangible common equity		11.6				12.7				17.8				16.1				16.7
Net interest margin		3.24				3.15				3.13				3.11				3.10
Efficiency ratio		67.2				64.2				57.4				59.0				58.9
Tangible book value per common share		$	9.55			$	9.89			$	9.54			$	9.13			$	8.80
Cash dividends declared per common share		0.155				0.155				0.155				0.155				0.155
Average earning assets		$	238,973			$	202,511			$	192,732			$	191,092			$	188,299
Average loans and leases		174,216				146,607				135,944				133,171				130,862
Average total deposits		204,616				173,156				164,812				163,429				161,600
Tangible common equity / tangible assets ratio		7.0		%		7.1		%		6.8		%		6.6		%		6.3		%
Common equity Tier 1 risk-based capital ratio (1)		10.2				10.4				10.6				10.5				10.6
NCOs as a % of average loans and leases		0.26		%		0.24		%		0.22		%		0.20		%		0.26		%
NAL ratio		0.71				0.62				0.59				0.62				0.56
ACL as a % of total loans and leases		1.78				1.83				1.86				1.86				1.87

(1)March 31, 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 March 31, 2026
					$	523	$	0.25
	Acquisition-related expenses	$	(263)		(210)		(0.11)
	CECL double count (3)	(8)			(6)		(0.01)
					$	739	$	0.37
Three Months Ended December 31, 2025
					$	519	$	0.30
	Acquisition-related expenses	$	(154)		(118)		(0.08)
	FDIC Deposit Insurance Fund (DIF) special assessment (4)	24			19		0.01
					$	618	$	0.37
Three Months Ended March 31, 2025
					$	527	$	0.34
•	FDIC DIF special assessment (4)	$	(3)		(2)		—
					$	529	$	0.34

All values are in US Dollars.

(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.

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

Table 3 – Net Interest Income and Total Revenue

	2026			2025
( in millions)	First			Fourth			Third			Second			First		Change (%)
			Quarter			Quarter			Quarter			Quarter		LQ		YOY
Net interest income	$	1,891		$	1,592		$	1,506		$	1,467		$	1,426	19	%	33	%
FTE adjustment	19			17			17			16			15		12		27
Net interest income - FTE (1)	1,910			1,609			1,523			1,483			1,441		19		33
Noninterest income	682			582			628			471			494		17		38
Total revenue - FTE (1)	$	2,592		$	2,191		$	2,151		$	1,954		$	1,935	18	%	34	%

All values are in US Dollars.

(1)Represents a non-GAAP measure.

Table 4 – Net Interest Margin Summary

	2026		2025
	First		Fourth		Third		Second		First		Change (bp)
Yield / Cost (1)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ	YOY
Total earning assets	5.27	%	5.25	%	5.39	%	5.40	%	5.39	%	2	(12)
Total loans and leases	5.82		5.84		5.96		5.91		5.87		(2)	(5)
Total securities	3.48		3.46		3.72		3.95		4.01		2	(53)
Total interest-bearing liabilities	2.53		2.65		2.81		2.85		2.86		(12)	(33)
Total interest-bearing deposits	2.21		2.28		2.43		2.46		2.48		(7)	(27)
Net interest rate spread	2.74		2.60		2.58		2.55		2.53		14	21
Impact of noninterest-bearing funds on margin	0.50		0.55		0.55		0.56		0.57		(5)	(7)
Net interest margin	3.24	%	3.15	%	3.13	%	3.11	%	3.10	%	9	14

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See Page 8 of Quarterly Financial Supplement for additional detail.

Fully-taxable equivalent (FTE) net interest income for the 2026 first quarter increased $469 million, or 33%, from the 2025 first quarter. The results primarily reflect a $50.7 billion, or 27%, increase in average earning assets and a 14 basis point increase in the net interest margin (NIM) to 3.24%, partially offset by a $40.1 billion, or 27%, 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 14 basis point increase in NIM largely reflected a decrease in funding costs, partially offset by lower yields on interest earning assets.

Compared to the 2025 fourth quarter, FTE net interest income increased $301 million, or 19%, driven by an increase in average earning assets of $36.5 billion, or 18%, and an increase in NIM of 9 basis points to 3.24%, partially offset by an increase in average interest-bearing liabilities of $30.5 billion, or 19%. The increases in average earning assets and interest-bearing liabilities were largely attributable to the Cadence and Veritex acquisitions. The 9 basis point increase to NIM reflected a decrease in funding costs and net hedging activity, partially offset by lower yields on interest earning assets.

Table 5 – Average Earning Assets

	2026			2025
( in billions)	First			Fourth			Third			Second			First		Change (%)
			Quarter			Quarter			Quarter			Quarter		LQ		YOY
Commercial and industrial	$	81.5		$	67.4		$	61.4		$	59.4		$	57.6	21	%	42	%
Commercial real estate	21.1			14.3			10.7			10.8			11.0		48		92
Lease financing	5.8			5.5			5.5			5.5			5.5		5		5
Total commercial	108.4			87.1			77.6			75.6			74.1		24		46
Residential mortgage	30.4			25.1			24.5			24.4			24.3		21		25
Automobile	16.1			16.1			15.7			15.1			14.7		—		9
Home equity	11.3			10.4			10.3			10.2			10.1		9		12
RV and marine	5.6			5.7			5.9			5.9			6.0		(2)		(5)
Other consumer	2.4			2.1			2.0			1.9			1.8		12		35
Total consumer	65.8			59.5			58.3			57.5			56.8		11		16
Total loans and leases	174.2			146.6			135.9			133.2			130.9		19		33
Total securities	47.9			42.7			44.1			44.9			45.2		12		6
Interest-earning deposits with banks	15.6			12.2			11.8			12.3			11.6		28		34
Other earning assets	1.2			0.9			0.9			0.7			0.6		28		104
Total earning assets	$	239.0		$	202.5		$	192.7		$	191.1		$	188.3	18	%	27	%

All values are in US Dollars.

See Page 6 of Quarterly Financial Supplement for additional detail.

Average earning assets for the 2026 first quarter include the impact of the Cadence acquisition, which was completed on February 1, 2026, while average earning assets for the 2025 fourth quarter include the impact of 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 first quarter increased $50.7 billion, or 27%, from the year-ago quarter, primarily reflecting a $43.4 billion, or 33%, increase in average total loans and leases. Average loan and lease balance increases were led by growth in average commercial loans of $34.4 billion, or 46%, primarily driven by a $24.0 billion, or 42%, increase in average commercial and industrial loans and a $10.1 billion, or 92%, increase in average commercial real estate loans. Additionally, average consumer loans increased by $9.0 billion, or 16%, primarily driven by a $6.1 billion, or 25% increase in average residential mortgage loans, a $1.4 billion, or 9%, increase in average automobile loans, and a $1.2 billion, or 12%, increase in average home equity loans.

Compared to the 2025 fourth quarter, average earning assets increased $36.5 billion, or 18%, primarily reflecting a $27.6 billion, or 19%, increase in average total loans and leases. Average loan and lease balance increases were led by higher average commercial loan balances of $21.3 billion, or 24%, primarily driven by a $14.2 billion, or 21%, increase in average commercial and industrial loans and a $6.9 billion, or 48%, increase in average commercial real estate loans. Additionally, average consumer loans increased $6.3 billion, or 11%, primarily driven by a $5.3 billion, or 21%, increase in average residential mortgage and a $1.0 billion, or 9%, increase in average home equity loans.

Table 6 – Average Liabilities

	2026		2025
	First		Fourth		Third		Second		First		Change (%)
($ in billions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Average balances:
Demand deposits - noninterest-bearing	$	35.5	$	30.8	$	29.0	$	29.2	$	28.9	15	%	23	%
Demand deposits - interest-bearing	53.0		47.2		46.0		44.7		43.6		12		22
Total demand deposits	88.5		78.0		75.0		73.9		72.5		14		22
Money market deposits	75.2		65.2		62.0		61.1		60.2		15		25
Savings deposits	18.0		15.4		15.0		15.1		14.9		17		21
Time deposits	22.9		14.7		12.8		13.3		14.0		56		63
Total deposits	$	204.6	$	173.2	$	164.8	$	163.4	$	161.6	18	%	27	%
Short-term borrowings	$	1.7	$	0.9	$	1.3	$	1.3	$	1.4	95	%	21	%
Long-term debt	20.2		17.3		17.4		17.8		16.9		17		20
Total debt	$	22.0	$	18.2	$	18.7	$	19.1	$	18.3	21	%	20	%
Total interest-bearing liabilities	$	191.1	$	160.6	$	154.5	$	153.2	$	151.0	19	%	27	%
Total liabilities	232.2		196.3		188.3		187.3		185.0		18		26

See Page 6 of Quarterly Financial Supplement for additional detail.

Average liabilities for the 2026 first quarter included the impact of the Cadence acquisition, which 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, while the 2025 fourth quarter included the impact of $10.5 billion of deposits added as result of the Veritex acquisition, 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 first quarter increased $47.2 billion, or 26%, from the year-ago quarter, driven by increases in average total deposits of $43.0 billion, or 27%, and in average total debt of $3.7 billion, or 20%.

Compared to the 2025 fourth quarter, average total liabilities increased $35.9 billion, driven by an increase in average total deposits of $31.5 billion, or 18%, and in average total debt of $2.9 billion, or 17%.

Noninterest Income

Table 7 – Noninterest Income

	2026		2025
	First		Fourth		Third		Second		First		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Payments and cash management revenue	$	187	$	170	$	174	$	165	$	155	10	%	21	%
Wealth and asset management revenue	120		102		104		102		101		18		19
Customer deposit and loan fees	110		107		102		95		86		3		28
Capital markets and advisory fees	132		101		94		84		67		31		97
Mortgage banking income	32		39		43		28		31		(18)		3
Insurance income	21		22		20		19		20		(5)		5
Leasing revenue	13		19		23		10		14		(32)		(7)
Net gains (losses) on sales of securities	13		—		—		(58)		—		NM		NM
Other noninterest income	54		22		68		26		20		145		170
Total noninterest income	$	682	$	582	$	628	$	471	$	494	17	%	38	%
Impact of Notable Item:
Gain on sale of a portion of corporate trust and custody business (other noninterest income)	$	—	$	—	$	24	$	—	$	—	NM		NM
Total adjusted noninterest income (Non-GAAP)	$	682	$	582	$	604	$	471	$	494	17	%	38	%
Additional information:
Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income)	$	7	$	(3)	$	(2)	$	(5)	$	(3)	NM		NM

NM - Not Meaningful

Total noninterest income for the 2026 first quarter increased $188 million, or 38%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions. Capital markets and advisory fees increased $65 million, or 97%, primarily due to higher advisory fees from the legacy business and the impact of Janney and TM Capital. Payments and cash management revenue increased $32 million, or 21%, driven by higher cash management and interchange revenues. Customer deposit and loan fees increased $24 million, or 28%, primarily due to an increase in the volume of personal service charges. Wealth and asset management revenue increased $19 million, or 19%, largely due to higher investment management and trust income. Other noninterest income increased $34 million largely due to an increase in bank owned life insurance income, changes in valuation adjustments for strategic and other investments, and the net impact of credit risk transfer transactions. Lastly, the 2026 first quarter results included a $13 million gain from the sale of certain investment securities as part of ongoing portfolio positioning.

Total noninterest income increased $100 million, or 17%, compared to the 2025 fourth quarter, inclusive of the impact of the Cadence acquisition. Capital markets and advisory fees increased $31 million, or 31%, primarily due to higher syndication, advisory, and underwriting fees. Advisory fees included the impact of Janney and TM Capital. Wealth and asset management revenue increased $18 million, or 18%, primarily due to higher trust and investment management income. Payments and cash management revenue increased $17 million, or 10%, largely due to higher cash management revenue. Other noninterest income increased $32 million largely due to an increase in bank owned life insurance income, changes in valuation adjustments for strategic investment and other investments, and the net impact of credit risk transfer transactions. Lastly, as previously noted, the 2026 first quarter included a $13 million gain from the sale of certain investment securities as part of ongoing portfolio positioning. These gains were offset by net mortgage servicing rights (MSR) risk management costs.

Noninterest Expense

Table 8 – Noninterest Expense

	2026		2025
	First		Fourth		Third		Second		First		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Personnel costs	$	992	$	845	$	757	$	722	$	671	17	%	48	%
Outside data processing and other services	311		222		198		182		170		40		83
Equipment	93		67		66		68		67		39		39
Net occupancy	85		56		57		54		65		52		31
Professional services	44		80		31		22		22		(45)		100
Marketing	37		36		34		28		29		3		28
Deposit and other insurance expense	35		(1)		9		20		37		NM		(5)
Amortization of intangibles	41		13		11		11		11		215		273
Lease financing equipment depreciation	3		3		4		2		4		—		(25)
Other noninterest expense	133		99		79		88		76		34		75
Total noninterest expense	$	1,774	$	1,420	$	1,246	$	1,197	$	1,152	25	%	54	%
(in thousands)
Average full-time equivalent employees	24.6		20.9		20.2		20.2		20.1		18	%	22	%

NM - Not Meaningful

Table 9 - Impact of Notable Items

	2026		2025
	First		Fourth		Third		Second		First
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter
Personnel costs	$	97	$	50	$	—	$	6	$	—
Outside data processing and other services	88		29		3		—		—
Equipment	19		2		1		—		—
Net occupancy	2		—		—		—		—
Professional services	18		57		9		—		—
Marketing	6		3		—		—		—
Deposit and other insurance expense	—		(23)		(6)		(3)		3
Other noninterest expense	33		12		1		—		—
Total noninterest expense	$	263	$	130	$	8	$	3	$	3

Notable Items in the first quarter of 2026 include $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 fourth quarter of 2025 included $154 million of acquisition-related expenses primarily included in personnel costs, outside data processing and other services, and professional services, as well as a $24 million benefit from ongoing adjustments related to the FDIC DIF special assessment.

Table 10 - Adjusted Noninterest Expense (Non-GAAP)

	2026		2025
	First		Fourth		Third		Second		First		Change (%)
($ in millions)	Quarter		Quarter		Quarter		Quarter		Quarter		LQ		YOY
Personnel costs	$	895	$	795	$	757	$	716	$	671	13	%	33	%
Outside data processing and other services	223		193		195		182		170		16		31
Equipment	74		65		65		68		67		14		10
Net occupancy	83		56		57		54		65		48		28
Professional services	26		23		22		22		22		13		18
Marketing	31		33		34		28		29		(6)		7
Deposit and other insurance expense	35		22		15		23		34		59		3
Amortization of intangibles	41		13		11		11		11		215		273
Lease financing equipment depreciation	3		3		4		2		4		—		(25)
Other noninterest expense	100		87		78		88		76		15		32
Total adjusted noninterest expense	$	1,511	$	1,290	$	1,238	$	1,194	$	1,149	17	%	32	%

Reported total noninterest expense for the 2026 first quarter increased $622 million, or 54%, from the year-ago quarter. Excluding the impact from Notable Items, noninterest expense increased $362 million, or 32%, inclusive of the impact of the Cadence and Veritex acquisitions. Personnel costs increased $224 million, or 33%, due to higher salary and benefit expense. Outside data processing and other services increased $53 million, or 31%, primarily reflecting higher technology and data expense. Amortization of intangibles increased $30 million primarily due to the impact from the addition of core deposit intangibles from the acquisitions. Net occupancy increased $18 million, or 28%, largely due to increases in lease and depreciation expense. Other noninterest expense increased $24 million, or 32%, primarily due to an increased volume of expense activity driven by the impact of the acquisitions.

Reported total noninterest expense increased $354 million, or 25%, from the 2025 fourth quarter. Excluding the impact from Notable Items, noninterest expense increased $221 million, or 17%, inclusive of the impact of the Cadence acquisition. Personnel costs increased $100 million, or 13%, due primarily to higher salary and benefits expense. Outside data processing and other services increased $30 million, or 16%, primarily reflecting higher technology and data expense. Amortization of intangibles increased $28 million primarily due to the impact from the addition of core deposit intangibles from the Cadence acquisition. Net occupancy increased $27 million, or 48%, largely due to lease and depreciation expense.

Credit Quality

Table 11 – Credit Quality Metrics

	2026			2025
($ in millions)	March 31,			December 31,			September 30,			June 30,			March 31,
Total nonaccrual loans and leases	$	1,332		$	931		$	808		$	842		$	748
Total other real estate, net	22			13			10			10			8
Other NPAs (1)	3			1			3			—			48
Total nonperforming assets	1,357			945			821			852			804
Accruing loans and leases past due 90+ days	421			282			234			241			220
NPAs + accruing loans & leases past due 90+ days	$	1,778		$	1,227		$	1,055		$	1,093		$	1,024
NAL ratio (2)	0.71		%	0.62		%	0.59		%	0.62		%	0.56		%
NPA ratio (3)	0.72			0.63			0.60			0.63			0.61
(NPAs+90 days)/(Loans+OREO)	0.94			0.82			0.76			0.81			0.77
Provision for credit losses	$	158		$	123		$	122		$	103		$	115
Net charge-offs	111			89			75			66			86
Net charge-offs / Average total loans and leases	0.26		%	0.24		%	0.22		%	0.20		%	0.26		%
Allowance for loans and lease losses (ALLL)	$	3,243		$	2,537		$	2,374		$	2,331		$	2,263
Allowance for unfunded lending commitments	125			206			188			184			215
Allowance for credit losses (ACL)	$	3,368		$	2,743		$	2,562		$	2,515		$	2,478
ALLL as a % of:
Total loans and leases	1.72		%	1.70		%	1.72		%	1.73		%	1.71		%
NALs	243			272			294			277			302
NPAs	239			269			289			274			281
ACL as a % of:
Total loans and leases	1.78		%	1.83		%	1.86		%	1.86		%	1.87		%
NALs	253			295			317			299			331
NPAs	248			290			312			295			308

(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 11-14 of Quarterly Financial Supplement for additional detail.

Nonperforming assets (NPAs) were $1.4 billion, or 0.72%, of total loans and leases, OREO and other NPAs, compared to $804 million, or 0.61%, a year-ago. Nonaccrual loans and leases (NALs) were $1.3 billion, or 0.71% of total loans and leases, compared to $748 million, or 0.56% 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, partially offset by a decrease in other NPAs. On a linked quarter basis, NPAs increased $412 million, or 44%, and NALs increased $401 million, or 43%, with the increases primarily driven by an increase in commercial and industrial, residential mortgage, and commercial real estate NALs, including NALs acquired as part of the Cadence transaction.

The provision for credit losses increased $43 million year-over-year and $35 million quarter-over-quarter to $158 million in the 2026 first quarter. Net charge-offs (NCOs) increased $25 million year-over-year and increased $22 million quarter-over-quarter to $111 million. NCOs represented an annualized 0.26% of average loans and leases in the current quarter, unchanged from the year-ago quarter and up from 0.24% in the prior quarter. Commercial and consumer net charge-offs were 0.21% and 0.34%, respectively, for the 2026 first quarter.

The allowance for loan and lease losses (ALLL) increased $980 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 $890 million from the year-ago quarter to $3.4 billion, or 1.78% of total loans and leases, 5 basis points lower than the prior quarter and 9 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)	March 31,			December 31,			September 30,			June 30,			March 31,
Tangible common equity / tangible assets ratio	7.0		%	7.1		%	6.8		%	6.6		%	6.3		%
Common equity tier 1 risk-based capital ratio (1)	10.2			10.4			10.6			10.5			10.6
Regulatory Tier 1 risk-based capital ratio (1)	11.6			12.0			12.4			11.8			11.9
Regulatory Total risk-based capital ratio (1)	13.8			14.2			14.7			14.1			14.3
Total risk-weighted assets (1)	$	208.1		$	166.7		$	150.2		$	148.6		$	144.6

(1)March 31, 2026 figures are estimated.

See Pages 15-16 of Quarterly Financial Supplement for additional detail.

The tangible common equity to tangible assets ratio was 7.0% at March 31, 2026, down slightly from 7.1% at December 31, 2025, as an increase in tangible common equity from current period earnings, net of dividends, and the net impact of the Cadence acquisition, were offset by a decline in accumulated other comprehensive income, common share repurchases, and an increase in tangible assets. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.2% at March 31, 2026, compared to 10.4% at December 31, 2025, with the decrease driven by the impact of the Cadence acquisition and share repurchases, partially offset by current period earnings, net of dividends.

The Board of Directors approved a repurchase authorization of up to $3 billion of common shares, which replaces the Board's prior $1 billion repurchase authorization. The new repurchase authorization does not have an expiration date and may include open market transactions, through block trades, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company’s management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise, and is subject to the Federal Reserve's capital regulations. The timing of repurchases will be discretionary and depend on a variety of factors, including the macroeconomic and interest rate environment, the pace of loan growth, and other factors.

Income Taxes

The provision for income taxes was $114 million in the 2026 first quarter compared to $108 million in the 2025 fourth quarter. The effective tax rate for the 2026 first quarter was 17.8%, compared to 17.2% for the 2025 fourth quarter. The increase in the effective tax rate was primarily driven by acquisition-related activity in the current quarter.

Conference Call / Webcast Information

Huntington’s senior management will host an earnings conference call on April 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 #13759583. 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 May 1, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13759583.

Please see the 2026 First 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 $285 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

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, 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.

15

Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

March 31, 2026

Table of Contents

Quarterly Key Statistics	1
Consolidated Balance Sheets	3
Loans and Leases Composition	4
Deposits Composition	5
Consolidated Quarterly Average Balance Sheets	6
Consolidated Quarterly Net Interest Margin - Interest Income / Expense	7
Consolidated Quarterly Net Interest Margin - Yield / Rate	8
Selected Quarterly Income Statement Data	9
Quarterly Mortgage Banking Noninterest Income	10
Quarterly Credit Reserves Analysis	11
Quarterly Net Charge-Off Analysis	12
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	13
Quarterly Accruing Past Due Loans and Leases	14
Quarterly Capital Under Current Regulatory Standards (Basel III)	15
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data	16

Basis of Presentation

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

Non-GAAP Financial Measures

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

Fully-Taxable Equivalent (FTE) Basis

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

Non-Regulatory Capital Ratios

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

•Tangible common equity to tangible assets,

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

•Adjusted common equity tier 1 (CET1).

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

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

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)

		Three Months Ended
(dollar amounts in millions, except per share data)		March 31,				December 31,				March 31,				Percent Changes vs.
	2026				2025				2025				4Q25			1Q25
Net interest income - FTE (1)		$	1,910			$	1,609			$	1,441			19	%		33	%
FTE adjustment		(19)				(17)				(15)				(12)			(27)
Net interest income		1,891				1,592				1,426				19			33
Provision for credit losses		158				123				115				28			37
Noninterest income		682				582				494				17			38
Noninterest expense		1,774				1,420				1,152				25			54
Income before income taxes		641				631				653				2			(2)
Provision for income taxes		114				108				122				6			(7)
Income after income taxes		527				523				531				1			(1)
Income attributable to non-controlling interest		4				4				4				—			—
Net income attributable to Huntington		523				519				527				1			(1)
Dividends on preferred shares		41				43				27				(5)			52
Net income applicable to common shares		$	482			$	476			$	500			1	%		(4)	%
Net income per common share - diluted		$	0.25			$	0.30			$	0.34			(17)	%		(26)	%
Cash dividends declared per common share		0.155				0.155				0.155				—			—
Tangible book value per common share at end of period		9.55				9.89				8.80				(3)			9
Average common shares - basic		1,869				1,544				1,454				21			29
Average common shares - diluted		1,901				1,570				1,482				21			28
Ending common shares outstanding		2,027				1,568				1,457				29			39
Return on average assets		0.81		%		0.93		%		1.04		%
Return on average common shareholders’ equity		7.2				8.9				11.3
Return on average tangible common shareholders’ equity (2)		11.6				12.7				16.7
Net interest margin (1)		3.24				3.15				3.10
Efficiency ratio (3)		67.2				64.2				58.9
Effective tax rate		17.8				17.2				18.6
Average total assets		$	262,170			$	220,230			$	205,087			19	%		28	%
Average earning assets		238,973				202,511				188,299				18			27
Average loans and leases		174,216				146,607				130,862				19			33
Average total deposits		204,616				173,156				161,600				18			27
Average Huntington shareholders’ equity		29,896				23,896				19,997				25			50
Average common shareholders' equity		27,050				21,165				18,007				28			50
Average tangible common shareholders' equity		18,024				15,150				12,375				19			46
Total assets at end of period		285,372				225,106				209,596				27			36
Total Huntington shareholders’ equity at end of period		32,535				24,342				20,434				34			59
NCOs as a % of average loans and leases		0.26		%		0.24		%		0.26		%
NAL ratio		0.71				0.62				0.56
NPA ratio (4)		0.72				0.63				0.61
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period		1.72				1.70				1.71
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period		1.78				1.83				1.87
Common equity tier 1 risk-based capital ratio (5)		10.2				10.4				10.6
Tangible common equity / tangible asset ratio (6)		7.0				7.1				6.3

See Notes to Quarterly Key Statistics.

Notes to Quarterly Key Statistics

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

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

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

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

(5)March 31, 2026 figure is estimated.

(6)Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets), which represents a non-GAAP measure. Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate. See page 16 for reconciliation.

Huntington Bancshares Incorporated

Consolidated Balance Sheets

	March 31,		December 31,
(dollar amounts in millions)	2026		2025		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	2,096	$	1,783	18	%
Interest-earning deposits with banks	17,579		12,295		43
Trading account securities	199		63		216
Available-for-sale securities	35,557		26,132		36
Held-to-maturity securities	14,768		15,258		(3)
Other securities	1,281		994		29
Loans held for sale	1,073		1,415		(24)
Loans and leases (1)	188,818		149,642		26
Allowance for loan and lease losses	(3,243)		(2,537)		(28)
Net loans and leases	185,575		147,105		26
Bank-owned life insurance	3,673		2,902		27
Accrued income and other receivables	2,197		2,621		(16)
Premises and equipment	2,138		1,321		62
Goodwill	9,527		5,997		59
Servicing rights and other intangible assets	1,727		752		130
Other assets	7,982		6,468		23
Total assets	$	285,372	$	225,106	27	%
Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	223,482	$	176,610	27	%
Short-term borrowings	1,875		1,261		49	%
Long-term debt	21,594		17,221		25
Other liabilities	5,840		5,635		4
Total liabilities	252,791		200,727		26
Shareholders' equity
Preferred stock	2,881		2,731		5
Common stock	20		16		25
Capital surplus	25,273		17,244		47
Less treasury shares, at cost	(95)		(92)		(3)
Accumulated other comprehensive income (loss)	(2,059)		(1,908)		(8)
Retained earnings	6,515		6,351		3
Total Huntington shareholders’ equity	32,535		24,342		34
Non-controlling interest	46		37		24
Total equity	32,581		24,379		34
Total liabilities and equity	$	285,372	$	225,106	27	%
Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	2,027,130,587		1,567,732,506
Treasury shares outstanding	7,269,138		7,187,541
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	891,900		885,000

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

(2)See page 5 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2026				2025				2025				2025				2025
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	89,282	47	%	$	69,442	46	%	$	62,978	45	%	$	60,723	45	%	$	58,948	45	%
Commercial real estate	24,337		13		15,209		10		10,732		8		10,698		8		10,968		8
Lease financing	5,796		3		5,727		4		5,515		4		5,516		4		5,451		4
Total commercial	119,415		63		90,378		60		79,225		57		76,937		57		75,367		57
Consumer:
Residential mortgage	33,458		19		24,777		17		24,502		18		24,527		19		24,369		19
Automobile	15,953		8		16,168		11		15,996		12		15,382		11		14,877		11
Home equity	11,831		6		10,395		7		10,314		7		10,221		8		10,130		8
RV and marine	5,627		3		5,682		4		5,805		4		5,907		4		5,939		4
Other consumer	2,534		1		2,242		1		2,114		2		1,986		1		1,823		1
Total consumer	69,403		37		59,264		40		58,731		43		58,023		43		57,138		43
Total loans and leases	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%
Ending balances by business segment:
Consumer & Regional Banking	$	104,578	55	%	$	79,069	53	%	$	75,027	55	%	$	73,887	55	%	$	72,653	55	%
Commercial Banking	84,199		45		70,391		47		62,755		45		60,823		45		59,726		45
Treasury / Other	41		—		182		—		174		—		250		—		126		—
Total loans and leases	$	188,818	100	%	$	149,642	100	%	$	137,956	100	%	$	134,960	100	%	$	132,505	100	%
Average balances by business segment:
Consumer & Regional Banking	$	95,969	55	%	$	77,908	53	%	$	74,306	55	%	$	73,154	55	%	$	72,043	55	%
Commercial Banking	78,029		45		68,388		47		61,373		45		59,806		45		58,588		45
Treasury / Other	218		—		311		—		265		—		211		—		231		—
Total loans and leases	$	174,216	100	%	$	146,607	100	%	$	135,944	100	%	$	133,171	100	%	$	130,862	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2026				2025				2025				2025				2025
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	40,839	18	%	$	32,205	18	%	$	28,596	17	%	$	28,656	18	%	$	30,217	18	%
Demand deposits - interest-bearing	61,086		27		48,510		27		46,056		28		45,468		28		44,992		28
Money market deposits	75,554		34		65,123		37		62,837		38		60,998		37		61,608		37
Savings deposits	18,971		9		15,426		9		14,986		9		15,112		9		15,179		9
Time deposits	27,032		12		15,346		9		12,737		8		13,146		8		13,341		8
Total deposits	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%
Ending balances by business segment:
Consumer & Regional Banking	$	153,000	69	%	$	117,188	66	%	$	110,043	67	%	$	111,926	68	%	$	112,972	68	%
Commercial Banking	60,775		27		50,657		29		47,651		28		43,691		27		44,090		27
Treasury / Other	9,707		4		8,765		5		7,518		5		7,763		5		8,275		5
Total deposits	$	223,482	100	%	$	176,610	100	%	$	165,212	100	%	$	163,380	100	%	$	165,337	100	%
Average balances by business segment:
Consumer & Regional Banking	$	138,557	67	%	$	114,613	66	%	$	111,138	68	%	$	112,135	69	%	$	110,974	69	%
Commercial Banking	56,622		28		50,470		29		46,346		28		43,288		26		42,714		26
Treasury / Other	9,437		5		8,073		5		7,328		4		8,006		5		7,912		5
Total deposits	$	204,616	100	%	$	173,156	100	%	$	164,812	100	%	$	163,429	100	%	$	161,600	100	%

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

	Quarterly Average Balances (1)
	March 31,		December 31,		September 30,		June 30,		March 31,		Percent Changes vs.
(dollar amounts in millions)	2026		2025		2025		2025		2025		4Q25		1Q25
Assets:
Interest-earning deposits with banks	$	15,634	$	12,231	$	11,823	$	12,264	$	11,632	28	%	34	%
Securities:
Trading account securities	235		112		629		634		487		110		(52)
Available-for-sale securities:
Taxable	28,063		22,879		23,485		24,015		24,245		23		16
Tax-exempt	3,441		3,405		3,318		3,251		3,254		1		6
Total available-for-sale securities	31,504		26,284		26,803		27,266		27,499		20		15
Held-to-maturity securities - taxable	14,975		15,397		15,752		16,130		16,358		(3)		(8)
Other securities	1,219		949		888		881		877		28		39
Total securities	47,933		42,742		44,072		44,911		45,221		12		6
Loans held for sale	1,190		931		893		746		584		28		104
Loans and leases: (2)
Commercial:
Commercial and industrial	81,535		67,378		61,440		59,393		57,555		21		42
Commercial real estate	21,138		14,268		10,692		10,785		11,021		48		92
Lease financing	5,754		5,498		5,483		5,458		5,476		5		5
Total commercial	108,427		87,144		77,615		75,636		74,052		24		46
Consumer:
Residential mortgage	30,392		25,098		24,511		24,423		24,299		21		25
Automobile	16,056		16,114		15,693		15,132		14,665		—		9
Home equity	11,325		10,372		10,264		10,196		10,123		9		12
RV and marine	5,631		5,747		5,860		5,921		5,951		(2)		(5)
Other consumer	2,385		2,132		2,001		1,863		1,772		12		35
Total consumer	65,789		59,463		58,329		57,535		56,810		11		16
Total loans and leases	174,216		146,607		135,944		133,171		130,862		19		33
Total earning assets	238,973		202,511		192,732		191,092		188,299		18		27
Cash and due from banks	1,778		1,396		1,445		1,407		1,404		27		27
Goodwill and other intangible assets	9,175		6,043		5,625		5,640		5,651		52		62
All other assets	12,244		10,280		9,925		9,713		9,733		19		26
Total assets	$	262,170	$	220,230	$	209,727	$	207,852	$	205,087	19	%	28	%
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing	$	52,985	$	47,185	$	45,980	$	44,677	$	43,582	12	%	22	%
Money market deposits	75,216		65,182		62,009		61,090		60,213		15		25
Savings deposits	18,033		15,360		15,042		15,127		14,866		17		21
Time deposits	22,864		14,661		12,773		13,290		13,993		56		63
Total interest-bearing deposits	169,098		142,388		135,804		134,184		132,654		19		27
Short-term borrowings	1,745		897		1,267		1,261		1,439		95		21
Long-term debt	20,248		17,335		17,433		17,776		16,901		17		20
Total interest-bearing liabilities	191,091		160,620		154,504		153,221		150,994		19		27
Demand deposits - noninterest-bearing	35,518		30,768		29,008		29,245		28,946		15		23
All other liabilities	5,624		4,907		4,826		4,788		5,102		15		10
Total liabilities	232,233		196,295		188,338		187,254		185,042		18		26
Total Huntington shareholders’ equity	29,896		23,896		21,348		20,548		19,997		25		50
Non-controlling interest	41		39		41		50		48		5		(15)
Total equity	29,937		23,935		21,389		20,598		20,045		25		49
Total liabilities and equity	$	262,170	$	220,230	$	209,727	$	207,852	$	205,087	19	%	28	%

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

(2)Includes nonaccrual loans and leases.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Interest Income / Expense

(Unaudited)

	Quarterly Interest Income / Expense (1) (2)
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2026		2025		2025		2025		2025
Assets
Interest-earning deposits with banks	$	141	$	124	$	134	$	139	$	129
Securities:
Trading account securities	2		—		7		6		4
Available-for-sale securities:
Taxable	258		212		246		278		287
Tax-exempt	42		43		41		41		42
Total available-for-sale securities	300		255		287		319		329
Held-to-maturity securities - taxable	99		103		105		107		108
Other securities	16		11		12		12		12
Total securities	417		369		411		444		453
Loans held for sale	18		14		15		12		9
Loans and leases:
Commercial:
Commercial and industrial	1,191		1,023		959		914		873
Commercial real estate	327		233		187		183		185
Lease financing	99		91		93		92		89
Total commercial	1,617		1,347		1,239		1,189		1,147
Consumer:
Residential mortgage	353		269		259		253		250
Automobile	232		241		234		219		207
Home equity	193		184		190		186		183
RV and marine	76		80		80		79		78
Other consumer	58		54		55		51		48
Total consumer	912		828		818		788		766
Total loans and leases	2,529		2,175		2,057		1,977		1,913
Total earning assets	$	3,105	$	2,682	$	2,617	$	2,572	$	2,504
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	246	$	227	$	235	$	223	$	205
Money market deposits	446		437		466		464		458
Savings deposits	30		19		13		11		7
Time deposits	198		137		116		124		140
Total interest-bearing deposits	920		820		830		822		810
Short-term borrowings	16		10		13		13		14
Long-term debt	259		243		251		254		239
Total interest-bearing liabilities	1,195		1,073		1,094		1,089		1,063
Net interest income	$	1,910	$	1,609	$	1,523	$	1,483	$	1,441

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 9 for the FTE adjustment.

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

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield / Rate

(Unaudited)

	Quarterly Average Yield / Rate (1)
	March 31,		December 31,		September 30,		June 30,		March 31,
	2026		2025		2025		2025		2025
Assets
Interest-earning deposits with banks	3.62	%	4.03	%	4.53	%	4.52	%	4.45	%
Securities:
Trading account securities	3.70		2.58		4.03		3.72		3.67
Available-for-sale securities:
Taxable	3.67		3.72		4.19		4.62		4.73
Tax-exempt	4.86		4.99		5.02		4.93		5.22
Total available-for-sale securities	3.80		3.88		4.29		4.66		4.79
Held-to-maturity securities - taxable	2.65		2.66		2.66		2.66		2.64
Other securities	5.17		4.86		5.15		5.85		5.28
Total securities	3.48		3.46		3.72		3.95		4.01
Loans held for sale	6.19		6.13		6.52		6.43		6.48
Loans and leases: (2)
Commercial:
Commercial and industrial	5.85		5.94		6.11		6.09		6.07
Commercial real estate	6.17		6.39		6.86		6.71		6.72
Lease financing	6.86		6.48		6.69		6.66		6.49
Total commercial	5.96		6.05		6.25		6.22		6.19
Consumer:
Residential mortgage	4.65		4.29		4.23		4.15		4.11
Automobile	5.86		5.93		5.92		5.82		5.71
Home equity	6.89		7.02		7.34		7.32		7.33
RV and marine	5.44		5.53		5.41		5.31		5.34
Other consumer	9.88		10.11		10.82		10.88		11.01
Total consumer	5.59		5.54		5.57		5.49		5.44
Total loans and leases	5.82		5.84		5.96		5.91		5.87
Total earning assets	5.27		5.25		5.39		5.40		5.39
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.88		1.91		2.02		2.00		1.91
Money market deposits	2.41		2.66		2.99		3.05		3.08
Savings deposits	0.68		0.47		0.35		0.28		0.20
Time deposits	3.50		3.69		3.60		3.74		4.06
Total interest-bearing deposits	2.21		2.28		2.43		2.46		2.48
Short-term borrowings	3.83		4.45		3.90		4.37		3.87
Long-term debt	5.09		5.61		5.75		5.69		5.68
Total interest-bearing liabilities	2.53		2.65		2.81		2.85		2.86
Net interest rate spread	2.74		2.60		2.58		2.55		2.53
Impact of noninterest-bearing funds on margin	0.50		0.55		0.55		0.56		0.57
Net interest margin	3.24	%	3.15	%	3.13	%	3.11	%	3.10	%		Additional information:
---	---	---	---	---	---	---	---	---	---	---
Commercial Loan Derivative Impact
Commercial loans (2) (3)	6.04	%	6.23	%	6.50	%	6.49	%	6.57	%
Impact of commercial loan derivatives	(0.08)		(0.18)		(0.25)		(0.27)		(0.38)
Total commercial - as reported	5.96	%	6.05	%	6.25	%	6.22	%	6.19	%
Average SOFR	3.66	%	4.00	%	4.33	%	4.32	%	4.33	%
Total cost of deposits (4)	1.82	%	1.88	%	2.00	%	2.02	%	2.03	%

(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 9 for the FTE adjustment.

(2)Includes nonaccrual loans and leases.

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

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

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)

		Three Months Ended
(dollar amounts in millions, except per share data)		March 31,			December 31,			September 30,			June 30,			March 31,
	2026			2025			2025			2025			2025
Interest income		$	3,086		$	2,665		$	2,600		$	2,556		$	2,489
Interest expense		1,195			1,073			1,094			1,089			1,063
Net interest income		1,891			1,592			1,506			1,467			1,426
Provision for credit losses		158			123			122			103			115
Net interest income after provision for credit losses		1,733			1,469			1,384			1,364			1,311
Payments and cash management revenue		187			170			174			165			155
Wealth and asset management revenue		120			102			104			102			101
Customer deposit and loan fees		110			107			102			95			86
Capital markets and advisory fees		132			101			94			84			67
Mortgage banking income		32			39			43			28			31
Insurance income		21			22			20			19			20
Leasing revenue		13			19			23			10			14
Net gains (losses) on sales of securities		13			—			—			(58)			—
Other noninterest income		54			22			68			26			20
Total noninterest income		682			582			628			471			494
Personnel costs		992			845			757			722			671
Outside data processing and other services		311			222			198			182			170
Equipment		93			67			66			68			67
Net occupancy		85			56			57			54			65
Professional services		44			80			31			22			22
Marketing		37			36			34			28			29
Deposit and other insurance expense		35			(1)			9			20			37
Amortization of intangibles		41			13			11			11			11
Lease financing equipment depreciation		3			3			4			2			4
Other noninterest expense		133			99			79			88			76
Total noninterest expense		1,774			1,420			1,246			1,197			1,152
Income before income taxes		641			631			766			638			653
Provision for income taxes		114			108			133			96			122
Income after income taxes		527			523			633			542			531
Income attributable to non-controlling interest		4			4			4			6			4
Net income attributable to Huntington		523			519			629			536			527
Dividends on preferred shares		41			43			27			27			27
Net income applicable to common shares		$	482		$	476		$	602		$	509		$	500
Average common shares - basic		1,869			1,544			1,459			1,457			1,454
Average common shares - diluted		1,901			1,570			1,485			1,481			1,482
Per common share
Net income - basic		$	0.26		$	0.31		$	0.41		$	0.35		$	0.34
Net income - diluted		0.25			0.30			0.41			0.34			0.34
Cash dividends declared		0.155			0.155			0.155			0.155			0.155
Revenue - fully-taxable equivalent (FTE)
Net interest income		$	1,891		$	1,592		$	1,506		$	1,467		$	1,426
FTE adjustment		19			17			17			16			15
Net interest income (1)		1,910			1,609			1,523			1,483			1,441
Noninterest income		682			582			628			471			494
Total revenue (1)		$	2,592		$	2,191		$	2,151		$	1,954		$	1,935

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

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2026			2025			2025			2025			2025			4Q25		1Q25
Net origination and secondary marketing income	$	35		$	28		$	30		$	26		$	18		25	%	94	%
Net mortgage servicing income
Loan servicing income	32			26			26			26			26			23		23
Amortization of capitalized servicing	(21)			(20)			(17)			(18)			(13)			(5)		(62)
Operating income	11			6			9			8			13			83		(15)
MSR valuation adjustment (1)	(5)			13			(1)			—			(15)			(138)		67
Gains (losses) due to MSR hedging	(10)			(8)			4			(6)			15			(25)		(167)
Net MSR risk management	(15)			5			3			(6)			—			(400)		(100)
Total net mortgage servicing income	(4)			11			12			2			13			(136)		(131)
All other	1			—			1			—			—			100		100
Mortgage banking income	$	32		$	39		$	43		$	28		$	31		(18)	%	3	%
Mortgage origination volume	$	2,323		$	2,178		$	2,243		$	2,412		$	1,599		7	%	45	%
Mortgage origination volume for sale	1,457			1,421			1,516			1,508			938			3		55
Third party mortgage loans serviced (2)	$	42,796		$	34,407		$	34,370		$	33,925		$	33,864		24	%	26	%
Mortgage servicing rights (2)	735			593			576			567			564			24		30
MSR % of investor servicing portfolio (2)	1.72		%	1.72		%	1.67		%	1.67		%	1.66		%	—	%	4	%

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

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Allowance for loan and lease losses, beginning of period	$	2,537		$	2,374		$	2,331		$	2,263		$	2,244
Loan and lease charge-offs	(173)			(145)			(137)			(111)			(133)
Recoveries of loans and leases previously charged off	62			56			62			45			47
Net loan and lease charge-offs	(111)			(89)			(75)			(66)			(86)
Provision for loan and lease losses	250			109			118			134			105
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition	322			71			—			—			—
Allowance on purchased seasoned loans and leases at acquisition (1)	245			72			—			—			—
Allowance for loan and lease losses, end of period	3,243			2,537			2,374			2,331			2,263
Allowance for unfunded lending commitments, beginning of period	206			188			184			215			202
Provision (benefit) for unfunded lending commitments	(92)			14			4			(31)			13
Allowance for unfunded lending commitments at acquisition	11			4			—			—			—
Allowance for unfunded lending commitments, end of period	125			206			188			184			215
Total allowance for credit losses, end of period	$	3,368		$	2,743		$	2,562		$	2,515		$	2,478
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.72		%	1.70		%	1.72		%	1.73		%	1.71		%
Nonaccrual loans and leases (NALs)	243			272			294			277			302
Nonperforming assets (NPAs)	239			269			289			274			281
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.78		%	1.83		%	1.86		%	1.86		%	1.87		%
Nonaccrual loans and leases (NALs)	253			295			317			299			331
Nonperforming assets (NPAs)	248			290			312			295			308

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

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

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	54		$	40		$	39		$	32		$	48
Commercial real estate	2			8			(4)			(3)			(8)
Lease financing	—			(8)			1			2			4
Total commercial	56			40			36			31			44
Consumer:
Residential mortgage	1			—			—			1			—
Automobile	15			14			10			7			13
Home equity	—			—			1			—			—
RV and marine	7			6			4			5			7
Other consumer	32			29			24			22			22
Total consumer	55			49			39			35			42
Total net charge-offs	$	111		$	89		$	75		$	66		$	86
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.26		%	0.24		%	0.25		%	0.22		%	0.33		%
Commercial real estate	0.03			0.21			(0.13)			(0.14)			(0.26)
Lease financing	0.01			(0.53)			0.04			0.12			0.33
Total commercial	0.21			0.18			0.18			0.16			0.24
Consumer:
Residential mortgage	0.02			0.01			0.01			0.01			—
Automobile	0.38			0.36			0.26			0.19			0.35
Home equity	0.02			(0.01)			0.01			0.01			—
RV and marine	0.51			0.45			0.30			0.33			0.45
Other consumer	5.30			5.22			4.92			4.86			4.89
Total consumer	0.34			0.33			0.27			0.25			0.29
Net charge-offs as a % of average loans and leases	0.26		%	0.24		%	0.22		%	0.20		%	0.26		%

Huntington Bancshares Incorporated

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

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	824		$	562		$	455		$	489		$	413
Commercial real estate	188			133			131			138			118
Lease financing	9			8			10			10			11
Residential mortgage	185			107			97			93			90
Automobile	6			6			6			5			4
Home equity	117			113			108			105			110
RV and marine	2			2			1			2			2
Other consumer	1			—			—			—			—
Total nonaccrual loans and leases	1,332			931			808			842			748
Other real estate, net	22			13			10			10			8
Other NPAs (1)	3			1			3			—			48
Total nonperforming assets	$	1,357		$	945		$	821		$	852		$	804
Nonaccrual loans and leases as a % of total loans and leases	0.71		%	0.62		%	0.59		%	0.62		%	0.56		%
NPA ratio (2)	0.72			0.63			0.60			0.63			0.61
(NPA+90days)/(Loan+OREO) (3)	0.94			0.82			0.76			0.81			0.77					Three Months Ended
---	---	---	---	---	---	---	---	---	---	---
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2026		2025		2025		2025		2025
Nonperforming assets, beginning of period	$	945	$	821	$	852	$	804	$	822
Acquired nonperforming assets	295		81		—		—		—
New nonperforming assets	403		300		252		343		250
Returns to accruing status	(52)		(22)		(25)		(27)		(31)
Charge-offs	(121)		(75)		(62)		(57)		(55)
Payments	(108)		(141)		(167)		(203)		(178)
Sales	(5)		(19)		(29)		(8)		(4)
Nonperforming assets, end of period	$	1,357	$	945	$	821	$	852	$	804

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

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

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

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	2		$	1		$	1		$	4		$	2
Commercial real estate	3			—			—			—			—
Lease financing	5			9			6			14			8
Residential mortgage (excluding loans guaranteed by the U.S. Government)	46			46			35			40			29
Automobile	12			14			12			10			8
Home equity	22			16			20			18			18
RV and marine	3			4			3			2			3
Other consumer	6			6			5			4			4
Total, excl. loans guaranteed by the U.S. Government	99			96			82			92			72
Add: loans guaranteed by U.S. Government	322			186			152			149			148
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	421		$	282		$	234		$	241		$	220
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.05		%	0.06		%	0.06		%	0.07		%	0.05		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.17			0.12			0.11			0.11			0.11
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.22			0.19			0.17			0.18			0.17

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	32,535		$	24,342		$	22,248		$	20,928		$	20,434
Regulatory capital adjustments:
Shareholders’ preferred equity and related surplus	(2,891)			(2,741)			(2,741)			(1,999)			(1,999)
Accumulated other comprehensive loss	2,055			1,904			2,065			2,241			2,422
Goodwill and other intangibles, net of taxes	(10,180)			(5,999)			(5,481)			(5,508)			(5,520)
Deferred tax assets from tax loss and credit carryforwards	(359)			(220)			(167)			(123)			(68)
Common equity tier 1 capital	21,160			17,286			15,924			15,539			15,269
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	2,891			2,741			2,741			1,999			1,999
Tier 1 capital	24,051			20,027			18,665			17,538			17,268
Long-term debt and other tier 2 qualifying instruments	2,126			1,480			1,477			1,606			1,641
Qualifying allowance for loan and lease losses	2,595			2,086			1,880			1,859			1,811
Tier 2 capital	4,721			3,566			3,357			3,465			3,452
Total risk-based capital	$	28,772		$	23,593		$	22,022		$	21,003		$	20,720
Risk-weighted assets (RWA) (1)	$	208,126		$	166,684		$	150,222		$	148,602		$	144,632
Common equity tier 1 risk-based capital ratio (1)	10.2		%	10.4		%	10.6		%	10.5		%	10.6		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	9.5			9.3			9.0			8.5			8.5
Tier 1 risk-based capital ratio (1)	11.6			12.0			12.4			11.8			11.9
Total risk-based capital ratio (1)	13.8			14.2			14.7			14.1			14.3				Reconciliation of Non-GAAP Measure (2)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
Common equity tier 1 (CET1) capital (A)	$	21,160		$	17,286		$	15,924		$	15,539		$	15,269
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,055)			(1,904)			(2,065)			(2,241)			(2,422)
Less: AOCI cash flow hedge	(49)			27			16			(7)			(90)
Adjusted common equity tier 1 (B)	19,154			15,355			13,843			13,305			12,937
Risk-weighted assets (C)	208,126			166,684			150,222			148,602			144,632
CET1 ratio (A/C)	10.2		%	10.4		%	10.6		%	10.5		%	10.6		%
Adjusted CET1 ratio (B/C)	9.2			9.2			9.2			9.0			8.9

(1)March 31, 2026 figures are estimated.

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

Huntington Bancshares Incorporated

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

(Unaudited)

Quarterly Common Stock Summary

	March 31,		December 31,		September 30,		June 30,		March 31,
	2026		2025		2025		2025		2025
Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,869		1,544		1,459		1,457		1,454
Average - diluted	1,901		1,570		1,485		1,481		1,482
Ending	2,027		1,568		1,459		1,459		1,457
Tangible book value per common share	$	9.55	$	9.89	$	9.54	$	9.13	$	8.80

Non-Regulatory Capital

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

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

(2)Estimated at March 31, 2026.

Other Data

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

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

Huntington Bancshares Incorporated

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

(Unaudited)

Return on Average Tangible Common Shareholders' Equity

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2026			2025			2025			2025			2025
Calculation of average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity	$	27,050		$	21,165		$	19,197		$	18,559		$	18,007
Less: Intangible assets and goodwill, net of tax effect	9,026			6,015			5,610			5,624			5,632
Average tangible common shareholders' equity (A)	$	18,024		$	15,150		$	13,587		$	12,935		$	12,375
Net income applicable to common shares	$	482		$	476		$	602		$	509		$	500
Add: Amortization of intangibles, net of deferred tax	33			10			8			9			9
Adjusted net income applicable to common shares	$	515		$	486		$	610		$	518		$	509
Adjusted net income applicable to common shares, annualized (B)	$	2,089		$	1,928		$	2,420		$	2,078		$	2,064
Return on average tangible common shareholders' equity (B/A)	11.6		%	12.7		%	17.8		%	16.1		%	16.7		%

17