Huntington Bancshares Inc 8-K, filed Oct 22, 2026
Huntington Bancshares Inc (HBAN)
8-K
2026-10-22
For: 2026-10-22
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October 22, 2026
About this 8-K
Huntington Bancshares Inc filed this 8-K on October 22, 2026.
Huntington Bancshares Incorporated reported earnings for the quarter ended September 30, 2026: EPS of $0.33, adjusted EPS of $0.38, NIM of 3.25%, CET1 ratio of 10.1%, and $100 million of common-share repurchases. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________________________________________________________________________
FORM 8-K
_______________________________________________________________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 22, 2026
______________________________________________________________________________________________________________________________
(Exact name of registrant as specified in its charter)
_______________________________________________________________________________________________________________________________
| (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 | ||||||||||||
| Nasdaq Texas, LLC | ||||||||||||||
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§24012b-2). | |||||||||||||||||
| Emerging growth company | |||||||||||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | |||||||||||||||||
Item 2.02. Results of Operations and Financial Condition.
On October 22, 2026, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended September 30, 2026. Also on October 22, 2026, Huntington made a Quarterly Financial Supplement available in the Investor Relations section of Huntington’s website. Copies of Huntington's news release and quarterly financial supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference in this Item 2.02.
Huntington’s senior management will host an earnings conference call on October 22, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington-ir.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13762987. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through October 30, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13762987.
Caution Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements which are not historical facts and are subject to numerous assumptions, risks, estimates, and uncertainties that are beyond the control of Huntington. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements or historical performance: changes in general economic, political, regulatory, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages; instability in global economic conditions and geopolitical conditions, including U.S. direct involvement in war and other conflicts, as well as volatility in financial markets; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as Federal Deposit Insurance Corporation ("FDIC") special assessments, long-term debt requirements and heightened capital requirements; potential impacts to macroeconomic conditions, which could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; unexpected outflows of deposits which may require us to sell investment securities at a loss; changing interest rates which could negatively impact the value of our portfolio of investment securities; the loss of value of our investment portfolio which could negatively impact market perceptions of us and could lead to deposit withdrawals; market perceptions of us and banks generally, including from the effects of social media; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System ("Federal Reserve"); volatility and disruptions in global capital, foreign exchange, and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services including those implementing our “Fair Play” banking philosophy; introduction of new competitive products, such as stablecoins, and new competitors, such as financial technology companies and other “nontraditional” bank competitors; changes in policies and standards for regulatory review of bank mergers; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, and state-level regulators; the possibility that the anticipated benefits of recent or
proposed acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy and competitive factors in the areas where the companies do business; and other factors that may affect the future results of Huntington.
All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the “Forward-Looking Statements” and “Risk Factors” of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.
The information contained or incorporated by reference in Item 2.02 of this Form 8-K shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Item 9.01. Financial Statements and Exhibits.
The exhibits referenced below shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
(d)Exhibits.
| Exhibit No. | Description | |||||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HUNTINGTON BANCSHARES INCORPORATED | |||||||||||||||||
| Date: | October 22, 2026 | By: | /s/ Zachary Wasserman | ||||||||||||||
| Zachary Wasserman | |||||||||||||||||
| Chief Financial Officer | |||||||||||||||||
Exhibit 99.1Huntington Bancshares Incorporated Reports 2026 Third-Quarter Earnings
| Key Q3 Financial Data | Key Q3 Highlights | ||||||||||||||||||||||||||||||||||
| ($ in millions, except per share data) | 3Q26 | 2Q26 | 3Q25 | •EPS of $0.33, unchanged for the quarter •Adjusted EPS(1), which excludes the impact of Notable Items (as detailed in "Notable Items Influencing Earnings") was $0.38, down $0.01 from the prior quarter •ROTCE(1) of 14.6% and adjusted ROTCE(1)(2) of 16.6% •Net interest income increased 1% quarter-over-quarter; NIM of 3.25% was up 4 basis points driven by higher yields on investment securities and modestly lower overall net funding costs •Noninterest income decreased 8% quarter-over-quarter, largely due to lower capital markets fees and unfavorable equity valuation adjustments •Noninterest expense, excluding the impact of acquisition-related expenses, remained flat quarter-over-quarter •Average total loans and leases were down 0.4% compared to the prior quarter driven by declines in CRE and total consumer loans, partially offset by higher C&I loans •Average total deposits increased 0.2% quarter-over-quarter, with higher money market and interest-bearing demand balances, partially offset by lower time deposits •Maintained strong capital position, with CET1 risk-based capital ratio of 10.1%(3), adjusted CET1(1) risk-based capital ratio of 8.9%(3), and TCE(1) ratio of 6.9% •TBV per common share(1) of $9.47 was down $0.18, or 2%, from the prior quarter, largely due to the impact of market interest rates unfavorably impacting AOCI •Repurchased $100 million of common shares, bringing the total to $409 million and representing approximately 25 million shares repurchased year‑to‑date | |||||||||||||||||||||||||||||||
| Summary Income Statement | |||||||||||||||||||||||||||||||||||
| Net interest income | $ | 2,069 | $ | 2,052 | $ | 1,506 | |||||||||||||||||||||||||||||
Net interest income - FTE (1) | 2,090 | 2,072 | 1,523 | ||||||||||||||||||||||||||||||||
| Noninterest income | 722 | 785 | 628 | ||||||||||||||||||||||||||||||||
| Total revenue | 2,791 | 2,837 | 2,134 | ||||||||||||||||||||||||||||||||
Total revenue - FTE (1) | 2,812 | 2,857 | 2,151 | ||||||||||||||||||||||||||||||||
| Noninterest expense | 1,772 | 1,809 | 1,246 | ||||||||||||||||||||||||||||||||
| Net income applicable to common shares | 680 | 686 | 602 | ||||||||||||||||||||||||||||||||
PPNR (1) | 1,040 | 1,048 | 905 | ||||||||||||||||||||||||||||||||
| Key Metrics | |||||||||||||||||||||||||||||||||||
| Diluted EPS | $ | 0.33 | $ | 0.33 | $ | 0.41 | |||||||||||||||||||||||||||||
TBV per common share (1) | 9.47 | 9.65 | 9.54 | ||||||||||||||||||||||||||||||||
| Return on average assets | 1.01 | % | 1.02 | % | 1.19 | % | |||||||||||||||||||||||||||||
| ROCE | 9.1 | 9.3 | 12.4 | ||||||||||||||||||||||||||||||||
ROTCE (1) | 14.6 | 15.1 | 17.8 | ||||||||||||||||||||||||||||||||
Adjusted ROTCE (1)(2) | 16.6 | 17.5 | 17.4 | ||||||||||||||||||||||||||||||||
| Net interest margin - FTE | 3.25 | 3.21 | 3.13 | ||||||||||||||||||||||||||||||||
Efficiency ratio (1) | 61.2 | 61.5 | 57.4 | ||||||||||||||||||||||||||||||||
TCE ratio (1) | 6.9 | 7.1 | 6.8 | ||||||||||||||||||||||||||||||||
CET1 ratio (3) | 10.1 | 10.0 | 10.6 | ||||||||||||||||||||||||||||||||
Adjusted CET1 ratio (1)(3) | 8.9 | 9.0 | 9.2 | ||||||||||||||||||||||||||||||||
| NCO ratio | 0.31 | 0.25 | 0.22 | ||||||||||||||||||||||||||||||||
| NPA ratio | 0.90 | 0.85 | 0.60 | ||||||||||||||||||||||||||||||||
| ACL ratio | 1.75 | 1.78 | 1.86 | ||||||||||||||||||||||||||||||||
| Average Balances | |||||||||||||||||||||||||||||||||||
| Earning assets | $ | 255,274 | $ | 258,600 | $ | 192,732 | |||||||||||||||||||||||||||||
| Loans and leases | 188,449 | 189,255 | 135,944 | ||||||||||||||||||||||||||||||||
| Deposits | 223,816 | 223,403 | 164,812 | ||||||||||||||||||||||||||||||||
CEO Commentary
"Huntington delivered a solid quarter, reflecting disciplined execution and continued business momentum across the franchise," said Steve Steinour, Huntington chairman and chief executive officer. "We are also seeing increasing benefits from our recent partnerships with Veritex and Cadence, and are achieving our targeted cost and revenue synergies. Our results reflect our disciplined growth strategy, in line with our aggregate moderate-to-low risk profile, and give us confidence that we are on track to meet our financial targets and deliver sustained growth in earnings, tangible book value and long-term shareholder returns."
Contact
Analysts: Eric Wasserstrom (huntington.investor.relations@huntington.com), 614.480.5676
Media: Tracy Pesho (media@huntington.com), 216.276.3301
(1)Represents a non-GAAP financial measure. For additional details, see the "Use of Non-GAAP Financial Measures" section of this release and reconciliations to the comparable GAAP financial measure included in this release or Huntington's Quarterly Financial Supplement.
(2)Represents ROTCE, excluding the impact of Notable Items.
(3)Preliminary at September 30, 2026.
Notable Items Influencing Earnings
The following table details certain items that we believe are important to understanding corporate performance and trends (see Basis of Presentation).
Pretax Impact (1) | After-tax Impact (1) | |||||||||||||||||||||||||||||||
| ($ in millions, except per share) | Amount | Net Income | EPS (2) | |||||||||||||||||||||||||||||
| Three Months Ended September 30, 2026 | ||||||||||||||||||||||||||||||||
| Net income and EPS (GAAP) | $ | 721 | $ | 0.33 | ||||||||||||||||||||||||||||
| • | Acquisition-related expenses | $ | (117) | (92) | (0.05) | |||||||||||||||||||||||||||
| • | Acquired equity security conversion adjustment | (8) | (6) | — | ||||||||||||||||||||||||||||
| Adjusted net income and EPS (non-GAAP) | $ | 819 | $ | 0.38 | ||||||||||||||||||||||||||||
| Three Months Ended June 30, 2026 | ||||||||||||||||||||||||||||||||
| Net income and EPS (GAAP) | $ | 727 | $ | 0.33 | ||||||||||||||||||||||||||||
| • | Acquisition-related expenses | $ | (152) | (116) | (0.06) | |||||||||||||||||||||||||||
| Adjusted net income and EPS (non-GAAP) | $ | 843 | $ | 0.39 | ||||||||||||||||||||||||||||
Three Months Ended September 30, 2025 | ||||||||||||||||||||||||||||||||
Net income and EPS (GAAP) | $ | 629 | $ | 0.41 | ||||||||||||||||||||||||||||
| • | Acquisition-related expenses | $ | (14) | (11) | (0.01) | |||||||||||||||||||||||||||
| • | FDIC DIF special assessment (3) | 6 | 5 | 0.01 | ||||||||||||||||||||||||||||
| • | Gain on sale of a portion of a corporate trust and custody business | 24 | 19 | 0.01 | ||||||||||||||||||||||||||||
Adjusted net income and EPS (non-GAAP) | $ | 616 | $ | 0.40 | ||||||||||||||||||||||||||||
(1)Favorable (unfavorable) impact.
(2)EPS reflected on a fully diluted basis.
(3)Represents the updated estimates on the uninsured deposit losses and recoverable assets related to the FDIC DIF special assessment. These amounts are recorded in other noninterest expense.
2
Net Interest Income, Net Interest Margin, and Average Balance Sheet
Net Interest Income, Net Interest Margin, Average Balances, and Yields/Rates
| ($ in millions) | Quarter Ended | Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3Q26 | 2Q26 | 3Q25 | LQ | YOY | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 2,069 | $ | 2,052 | $ | 1,506 | $ | 17 | 1 | % | $ | 563 | 37 | % | ||||||||||||||||||||||||||||||||||||||||||
| FTE adjustment | 21 | 20 | 17 | 1 | 5 | 4 | 24 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income - FTE (1) | $ | 2,090 | $ | 2,072 | $ | 1,523 | $ | 18 | 1 | $ | 567 | 37 | ||||||||||||||||||||||||||||||||||||||||||||
Net interest margin | 3.25 | % | 3.21 | % | 3.13 | % | 4 | bps | 12 | bps | ||||||||||||||||||||||||||||||||||||||||||||||
Average Balances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total earning assets | $ | 255,274 | $ | 258,600 | $ | 192,732 | $ | (3,326) | (1) | % | $ | 62,542 | 32 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | 188,449 | 189,255 | 135,944 | (806) | — | 52,505 | 39 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment and other securities | 50,593 | 50,913 | 43,443 | (320) | (1) | 7,150 | 16 | |||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing liabilities | 202,959 | 206,253 | 154,504 | (3,294) | (2) | 48,455 | 31 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing deposits | 183,662 | 183,395 | 135,804 | 267 | — | 47,858 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||
Yields / Rates (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total earning assets | 5.30 | % | 5.28 | % | 5.39 | % | 2 | bps | (9) | bps | ||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | 5.84 | 5.84 | 5.96 | — | bps | (12) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment and other securities | 3.59 | 3.47 | 3.72 | 12 | bps | (13) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing liabilities | 2.58 | 2.59 | 2.81 | (1) | bps | (23) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing deposits | 2.31 | 2.29 | 2.43 | 2 | bps | (12) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total cost of deposits | 1.90 | 1.88 | 2.00 | 2 | bps | (10) | bps | |||||||||||||||||||||||||||||||||||||||||||||||||
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See Page 6 of Quarterly Financial Supplement for additional yield/rate detail.
Fully-taxable equivalent (FTE) net interest income for the third quarter increased $18 million, or 1%, from the prior quarter, driven by a 4 basis point increase in the net interest margin (NIM). The increase in NIM reflected higher earning-asset yields, primarily from reinvestment into higher yielding investment securities, and a decrease in average total borrowings, partially offset by higher deposit costs.
•Average earning assets decreased $3.3 billion, or 1%, primarily due to a $2.7 billion, or 16%, decrease in interest-earning deposits with banks and a $806 million decrease in average loans and leases.
•The yield on total investment and other securities increased quarter-over-quarter.
•Average interest-bearing liabilities decreased $3.3 billion, or 2%, primarily due to a $3.6 billion, or 16%, decrease in average total borrowings, partially offset by a $267 million increase in interest-bearing deposits.
•The average cost of total deposits increased 2 basis points quarter-over-quarter.
Fully-taxable equivalent (FTE) net interest income for the third quarter increased $567 million, or 37%, from the year-ago quarter, driven by higher average earning assets and an increase in NIM, partially offset by higher interest-bearing liabilities. NIM was 3.25%, up 12 basis points, reflecting a decrease in deposit costs, partially offset by lower earning-asset yields.
•Average earning assets increased $62.5 billion, or 32%, primarily due to a $52.5 billion, or 39%, increase in average loans and leases driven by loans acquired in the Cadence and Veritex acquisitions, in addition to organic loan growth.
•The yield on the total loan and lease portfolio was 5.84%, a decrease of 12 basis points.
•Average interest-bearing liabilities increased $48.5 billion, or 31%, primarily due to a $47.9 billion, or 35%, increase in interest-bearing deposits driven by deposits acquired in the Cadence and Veritex acquisitions, in addition to organic deposit growth.
•The average cost of total deposits was 1.90%, a decrease of 10 basis points.
3
Average Loans and Leases
| ($ in billions) | Quarter Ended | Change | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 3Q26 | 2Q26 | 3Q25 | LQ | YOY | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial and industrial | $ | 90.9 | $ | 90.4 | $ | 61.4 | $ | 0.6 | 1 | % | $ | 29.5 | 48 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial real estate | 23.1 | 23.9 | 10.7 | (0.9) | (4) | 12.4 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||
| Lease financing | 5.7 | 5.7 | 5.5 | — | — | 0.2 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total commercial | 119.7 | 120.0 | 77.6 | (0.3) | — | 42.1 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 33.2 | 33.5 | 24.5 | (0.3) | (1) | 8.7 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||
| Automobile | 15.3 | 15.7 | 15.7 | (0.3) | (2) | (0.4) | (2) | ||||||||||||||||||||||||||||||||||||||||||||||
| Home equity | 11.9 | 11.9 | 10.3 | — | — | 1.6 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||
RV and marine | 5.7 | 5.6 | 5.9 | 0.1 | 2 | (0.1) | (2) | ||||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 2.6 | 2.5 | 2.0 | 0.1 | 2 | 0.6 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total consumer | 68.7 | 69.2 | 58.3 | (0.5) | (1) | 10.4 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | $ | 188.4 | $ | 189.3 | $ | 135.9 | $ | (0.8) | — | % | $ | 52.5 | 39 | % | |||||||||||||||||||||||||||||||||||||||
See Page 4 of Quarterly Financial Supplement for additional detail.
Average total loans and leases decreased $806 million quarter-over-quarter.
•Average commercial loan balances decreased $303 million, primarily driven by an $854 million, or 4%, decrease in average commercial real estate loans, partially offset by a $553 million, or 1%, increase in average commercial and industrial loans.
•Average consumer loans decreased $503 million, or 1%, primarily driven by a $332 million, or 1%, decrease in average residential mortgage and a $311 million, or 2%, decrease in average automobile loans.
Average total loans and leases increased $52.5 billion, or 39%, from the year-ago quarter, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic loan growth over the last year.
•Average commercial loans increased $42.1 billion, or 54%, primarily driven by a $29.5 billion, or 48%, increase in average commercial and industrial loans and a $12.4 billion, or 116%, increase in average commercial real estate loans.
•Average consumer loans increased $10.4 billion, or 18%, primarily driven by a $8.7 billion, or 35% increase in average residential mortgage loans and a $1.6 billion, or 16%, increase in average home equity loans.
4
Average Deposits
| Quarter Ended | Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in billions) | 3Q26 | 2Q26 | 3Q25 | LQ | YOY | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits - noninterest-bearing | $ | 40.2 | $ | 40.0 | $ | 29.0 | $ | 0.1 | — | % | $ | 11.1 | 38 | % | |||||||||||||||||||||||||||||||||||||||
| Demand deposits - interest-bearing | 63.7 | 62.4 | 46.0 | 1.3 | 2 | 17.7 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total demand deposits | 103.9 | 102.4 | 75.0 | 1.5 | 1 | 28.9 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||
| Money market deposits | 77.4 | 75.3 | 62.0 | 2.0 | 3 | 15.3 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 18.8 | 18.9 | 15.0 | (0.1) | (1) | 3.8 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 23.8 | 26.8 | 12.8 | (3.0) | (11) | 11.0 | 86 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 223.8 | $ | 223.4 | $ | 164.8 | $ | 0.4 | — | % | $ | 59.0 | 36 | % | |||||||||||||||||||||||||||||||||||||||
See Page 5 of Quarterly Financial Supplement for additional detail.
Average total deposits increased $413 million compared to the prior quarter.
•Average interest-bearing deposits increased $267 million.
•Average noninterest-bearing deposits increased $146 million.
Average total deposits increased $59.0 billion, or 36%, from the year-ago quarter, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic deposit growth over the last year.
•Average interest-bearing deposits increased $47.9 billion, or 35%.
•Average noninterest-bearing deposits increased $11.1 billion, or 38%.
5
Noninterest Income
Noninterest Income
| Quarter Ended | Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in millions) | 3Q26 | 2Q26 | 3Q25 | LQ | YOY | ||||||||||||||||||||||||||||||||||||||||||||||||
| Payments and cash management revenue | $ | 211 | $ | 204 | $ | 174 | $ | 7 | 3 | % | $ | 37 | 21 | % | |||||||||||||||||||||||||||||||||||||||
| Wealth and asset management revenue | 131 | 134 | 104 | (3) | (2) | 27 | 26 | ||||||||||||||||||||||||||||||||||||||||||||||
| Customer deposit and loan fees | 124 | 128 | 102 | (4) | (3) | 22 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||
| Capital markets and advisory fees | 122 | 140 | 94 | (18) | (13) | 28 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage banking income | 45 | 53 | 43 | (8) | (15) | 2 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||
| Net gains (losses) on sales of securities | — | 2 | — | (2) | NM | — | — | ||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest income (1) | 89 | 124 | 111 | (35) | (28) | (22) | (20) | ||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest income | $ | 722 | $ | 785 | $ | 628 | $ | (63) | (8) | % | $ | 94 | 15 | % | |||||||||||||||||||||||||||||||||||||||
| Impact of Notable Items (included in other noninterest income): | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gain on sale of a portion of corporate trust and custody business | $ | — | $ | — | $ | 24 | $ | — | NM | $ | (24) | NM | |||||||||||||||||||||||||||||||||||||||||
| Acquired equity security conversion adjustment | (8) | — | — | (8) | NM | (8) | NM | ||||||||||||||||||||||||||||||||||||||||||||||
| Total adjusted noninterest income (Non-GAAP) | $ | 730 | $ | 785 | $ | 604 | $ | (55) | (7) | % | $ | 126 | 21 | % | |||||||||||||||||||||||||||||||||||||||
| Additional information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income) | $ | 11 | $ | 8 | $ | (2) | $ | 3 | 38 | % | $ | 13 | NM | ||||||||||||||||||||||||||||||||||||||||
NM - Not Meaningful
(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income. Prior period amounts have been revised to conform with the current period presentation.
Noninterest income decreased $63 million, or 8%, from the prior quarter. Excluding the impact of Notable Items, noninterest income decreased $55 million, or 7%, from the prior quarter.
•Capital markets and advisory fees decreased primarily due to lower underwriting and advisory fees.
•Other noninterest income decreased due largely to unfavorable valuation changes for strategic investment and other investments and a decrease in leasing revenue.
Compared with the year-ago quarter, noninterest income increased $94 million, or 15%. Excluding the impact of Notable Items, noninterest income increased $126 million, or 21%, over the year-ago quarter.
•The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.
•Payments and cash management revenue increased driven by higher cash management and interchange revenue.
•Capital markets and advisory fees increased primarily due to fees from the legacy business and the impact of Janney and TM Capital, in addition to higher syndication fees.
•Wealth and asset management revenue increased due largely to higher investment management and trust income.
•Customer deposit and loan fees increased driven by increases in loan commitment fees and the volume of personal service charges.
6
Noninterest Expense
Noninterest Expense
| Quarter Ended | Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in millions) | 3Q26 | 2Q26 | 3Q25 | LQ | YOY | ||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | $ | 990 | $ | 1,010 | $ | 757 | $ | (20) | (2) | % | $ | 233 | 31 | % | |||||||||||||||||||||||||||||||||||||||
| Outside data processing and other services | 290 | 326 | 198 | (36) | (11) | 92 | 46 | ||||||||||||||||||||||||||||||||||||||||||||||
| Equipment | 79 | 96 | 66 | (17) | (18) | 13 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||
| Net occupancy | 96 | 90 | 57 | 6 | 7 | 39 | 68 | ||||||||||||||||||||||||||||||||||||||||||||||
| Professional services | 38 | 31 | 31 | 7 | 23 | 7 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||
| Marketing | 54 | 38 | 34 | 16 | 42 | 20 | 59 | ||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | 49 | 54 | 11 | (5) | (9) | 38 | 345 | ||||||||||||||||||||||||||||||||||||||||||||||
Other noninterest expense (1) | 176 | 164 | 92 | 12 | 7 | 84 | 91 | ||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | $ | 1,772 | $ | 1,809 | $ | 1,246 | $ | (37) | (2) | % | $ | 526 | 42 | % | |||||||||||||||||||||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average full-time equivalent employees | 25.9 | 26.4 | 20.2 | (0.5) | (2) | % | 5.7 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||||
(1)In the third quarter of 2026, we reclassified deposit and other insurance expense and lease financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.
7
Impact of Notable Items
| Quarter Ended | ||||||||||||||||||||||||||||||||
| ($ in millions) | 3Q26 | 2Q26 | 3Q25 | |||||||||||||||||||||||||||||
| Personnel costs | $ | 33 | $ | 38 | $ | — | ||||||||||||||||||||||||||
| Outside data processing and other services | 52 | 74 | 3 | |||||||||||||||||||||||||||||
| Equipment | 2 | 15 | 1 | |||||||||||||||||||||||||||||
| Net occupancy | 10 | 2 | — | |||||||||||||||||||||||||||||
| Professional services | 5 | 4 | 9 | |||||||||||||||||||||||||||||
| Marketing | 2 | 8 | — | |||||||||||||||||||||||||||||
| Other noninterest expense | 13 | 11 | (5) | |||||||||||||||||||||||||||||
| Total noninterest expense | $ | 117 | $ | 152 | $ | 8 | ||||||||||||||||||||||||||
| Acquisition-related expenses included in Notable Items | $ | 117 | $ | 152 | $ | 14 | ||||||||||||||||||||||||||
Adjusted Noninterest Expense (Non-GAAP)
| Quarter Ended | Change | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ($ in millions) | 3Q26 | 2Q26 | 3Q25 | LQ | YOY | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Personnel costs | $ | 957 | $ | 972 | $ | 757 | $ | (15) | (2) | % | $ | 200 | 26 | % | ||||||||||||||||||||||||||||||||||||||||||
| Outside data processing and other services | 238 | 252 | 195 | (14) | (6) | 43 | 22 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Equipment | 77 | 81 | 65 | (4) | (5) | 12 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Net occupancy | 86 | 88 | 57 | (2) | (2) | 29 | 51 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Professional services | 33 | 27 | 22 | 6 | 22 | 11 | 50 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Marketing | 52 | 30 | 34 | 22 | 73 | 18 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | 49 | 54 | 11 | (5) | (9) | 38 | 345 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Other noninterest expense | 163 | 153 | 97 | 10 | 7 | 66 | 68 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total adjusted noninterest expense | $ | 1,655 | $ | 1,657 | $ | 1,238 | $ | (2) | (—) | % | $ | 417 | 34 | % | ||||||||||||||||||||||||||||||||||||||||||
Noninterest expense, excluding the impact of Notable Items, decreased $2 million from the prior quarter.
•Personnel costs decreased primarily due to lower salary, benefit, and incentive compensation expense.
•Outside data processing and other services decreased primarily reflecting lower technology and data expense.
•Marketing expense increased due largely to higher levels of expense in our expanding geographic areas.
Compared with the year-ago quarter, noninterest expense, excluding the impact of Notable Items, increased $417 million, or 34%.
•The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.
•Personnel costs increased primarily due to higher salary and benefit expense.
•Outside data processing and other services increased primarily reflecting higher technology and data expense.
•Amortization of intangibles increased primarily due to the impact of the addition of core deposit intangibles from the acquisitions.
•Net occupancy increased largely due to higher lease and depreciation expense.
•Other noninterest expense increased primarily due to an increased volume of expense activity driven by the impact of the acquisitions.
8
Credit Quality
Credit Quality Metrics
| 2026 | 2025 | ||||||||||||||||||||||||||||
| ($ in millions) | Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | ||||||||||||||||||||||||
| Total nonaccrual loans and leases | $ | 1,697 | $ | 1,589 | $ | 1,332 | $ | 931 | $ | 808 | |||||||||||||||||||
| Total other real estate, net | 25 | 23 | 22 | 13 | 10 | ||||||||||||||||||||||||
Other NPAs (1) | — | — | 3 | 1 | 3 | ||||||||||||||||||||||||
| Total nonperforming assets | 1,722 | 1,612 | 1,357 | 945 | 821 | ||||||||||||||||||||||||
| Accruing loans and leases past due 90+ days | 477 | 443 | 421 | 282 | 234 | ||||||||||||||||||||||||
| NPAs + accruing loans & leases past due 90+ days | $ | 2,199 | $ | 2,055 | $ | 1,778 | $ | 1,227 | $ | 1,055 | |||||||||||||||||||
NAL ratio (2) | 0.89 | % | 0.84 | % | 0.71 | % | 0.62 | % | 0.59 | % | |||||||||||||||||||
NPA ratio (3) | 0.90 | 0.85 | 0.72 | 0.63 | 0.60 | ||||||||||||||||||||||||
| (NPAs+90 days)/(Loans+OREO) | 1.15 | 1.08 | 0.94 | 0.82 | 0.76 | ||||||||||||||||||||||||
| Provision for credit losses | $ | 123 | $ | 132 | $ | 158 | $ | 123 | $ | 122 | |||||||||||||||||||
| Net charge-offs | 146 | 119 | 111 | 89 | 75 | ||||||||||||||||||||||||
| Net charge-offs / Average total loans and leases | 0.31 | % | 0.25 | % | 0.26 | % | 0.24 | % | 0.22 | % | |||||||||||||||||||
| Allowance for loans and lease losses (ALLL) | $ | 3,222 | $ | 3,249 | $ | 3,243 | $ | 2,537 | $ | 2,374 | |||||||||||||||||||
| Allowance for unfunded lending commitments | 136 | 132 | 125 | 206 | 188 | ||||||||||||||||||||||||
| Allowance for credit losses (ACL) | $ | 3,358 | $ | 3,381 | $ | 3,368 | $ | 2,743 | $ | 2,562 | |||||||||||||||||||
| ALLL as a % of: | |||||||||||||||||||||||||||||
| Total loans and leases | 1.68 | % | 1.72 | % | 1.72 | % | 1.70 | % | 1.72 | % | |||||||||||||||||||
| NALs | 190 | 204 | 243 | 272 | 294 | ||||||||||||||||||||||||
| NPAs | 187 | 202 | 239 | 269 | 289 | ||||||||||||||||||||||||
| ACL as a % of: | |||||||||||||||||||||||||||||
| Total loans and leases | 1.75 | % | 1.78 | % | 1.78 | % | 1.83 | % | 1.86 | % | |||||||||||||||||||
| NALs | 198 | 213 | 253 | 295 | 317 | ||||||||||||||||||||||||
| NPAs | 195 | 210 | 248 | 290 | 312 | ||||||||||||||||||||||||
(1)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.
(2)Total NALs as a % of total loans and leases.
(3)Total NPAs as a % of sum of loans and leases, other real estate owned, and other NPAs.
See Pages 9-11 of Quarterly Financial Supplement for additional detail.
NPAs totaled $1.7 billion at September 30, 2026, an increase of $110 million from the prior quarter primarily driven by increases in commercial and industrial, commercial real estate, and residential mortgage NALs. Compared to a year ago, NPAs were up $901 million driven by increases in commercial and industrial, residential mortgage, commercial real estate, and home equity NALs, including NALs acquired as part of the Cadence and Veritex transactions.
The provision for credit losses was $123 million in the 2026 third quarter, a decrease of $9 million quarter-over-quarter and an increase of $1 million year-over-year. NCOs of $146 million increased $27 million quarter-over-quarter and $71 million year-over-year. NCOs represented an annualized 0.31% of average loans and leases in the current quarter, up from 0.25% in the prior quarter and 0.22% in the year-ago quarter. Commercial and consumer net charge-offs were 0.27% and 0.38%, respectively, for the 2026 third quarter.
The ALLL was $3.2 billion and the ACL was $3.4 billion at September 30, 2026. The ACL ratio was 1.75% at September 30, 2026, 3 basis points lower than the prior quarter and 11 basis points lower than a year-ago.
9
Capital
Capital Ratios
| 2026 | 2025 | |||||||||||||||||||||||||||||||
| ($ in billions) | Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||||
| Tangible common equity / tangible assets ratio | 6.9 | % | 7.1 | % | 7.0 | % | 7.1 | % | 6.8 | % | ||||||||||||||||||||||
Common equity tier 1 risk-based capital ratio (1) | 10.1 | 10.0 | 10.2 | 10.4 | 10.6 | |||||||||||||||||||||||||||
Regulatory Tier 1 risk-based capital ratio (1) | 11.5 | 11.3 | 11.6 | 12.0 | 12.4 | |||||||||||||||||||||||||||
Regulatory Total risk-based capital ratio (1) | 13.7 | 13.6 | 13.8 | 14.2 | 14.7 | |||||||||||||||||||||||||||
Total risk-weighted assets (1) | $ | 214.5 | $ | 214.1 | $ | 208.1 | $ | 166.7 | $ | 150.2 | ||||||||||||||||||||||
(1)Preliminary at September 30, 2026.
See Pages 12-13 of Quarterly Financial Supplement for additional detail.
The tangible common equity to tangible assets ratio was 6.9% at September 30, 2026, compared to 7.1% at June 30, 2026, with the decrease primarily due to a decline in accumulated other comprehensive income from higher market interest rates, as well as an increase in tangible assets driven by higher interest-earning deposits with banks, partially offset by current period earnings, net of dividends and share repurchases. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.1% at September 30, 2026, compared to 10.0% at June 30, 2026, with the increase driven by current period earnings, net of dividends, partially offset by the impact of share repurchases and modestly higher risk-weighted assets.
Income Taxes
The provision for income taxes was $172 million in the 2026 third quarter, compared to $165 million in the 2026 second quarter. The effective tax rate for the 2026 third quarter was 19.3%, compared to 18.4% for the 2026 second quarter. The increase in the effective tax rate was primarily driven by higher non-deductible expenses in the current quarter.
Conference Call / Webcast Information
Huntington’s senior management will host an earnings conference call on October 22, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington-ir.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13762987. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through October 30, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13762987.
Please see the 2026 Third Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington-ir.com.
About Huntington
Huntington Bancshares Incorporated is a $288 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates approximately 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.
10
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.
11
All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the "Forward-Looking Statements" and "Risk Factors" of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.
Basis of Presentation
Use of Non-GAAP Financial Measures
This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this document, the financial supplement, conference call slides, or the Form 8-K related to this document, all of which can be found in the Investor Relations section of Huntington’s website, http://www.huntington-ir.com.
Annualized Data
Certain returns, yields, performance ratios, or quarterly growth rates are presented on an “annualized” basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.
Fully-Taxable Equivalent Interest Income and Net Interest Margin
Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities, and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.
Rounding
Please note that items in this document may not add due to rounding.
Notable Items
From time to time, revenue, expenses, or taxes are impacted by items judged by management to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management at that time to be infrequent or short term in nature. We refer to such items as “Notable Items.” Management believes it is useful to consider certain financial metrics with and without Notable Items, in order to enable a better understanding of company results, increase comparability of period-to-period results, and to evaluate and forecast those results.
12
Glossary of Acronyms
| ACL | Allowance for Credit Losses | ||||
| Adjusted CET1 | CET1, including the impact of AOCI, excluding cash flow hedges | ||||
| ALLL | Allowance for Loan and Lease Losses | ||||
| AOCI | Accumulated Other Comprehensive Income | ||||
| Cadence | Cadence Bank | ||||
| CEO | Chief Executive Officer | ||||
| CET1 | Common Equity Tier 1 | ||||
| CRE | Commercial Real Estate | ||||
| C&I | Commercial and Industrial | ||||
| DIF | Deposit Insurance Fund | ||||
| EPS | Earnings Per Common Share | ||||
| FDIC | Federal Deposit Insurance Corporation | ||||
| FTE | Fully Taxable Equivalent | ||||
| GAAP | Generally Accepted Accounting Principles | ||||
| LQ | Linked Quarter | ||||
| NAL | Nonaccrual Loan | ||||
| NCI | Non-controlling Interest | ||||
| NCO | Net Charge-Off | ||||
| NIM | Net Interest Margin | ||||
| NPA | Nonperforming Asset | ||||
| OREO | Other Real Estate Owned | ||||
| PPNR | Pre-Provision Net Revenue | ||||
| ROCE | Return on Average Common Equity | ||||
| ROTCE | Return on Average Tangible Common Equity | ||||
| SEC | Securities and Exchange Commission | ||||
| TBV | Tangible Book Value | ||||
| TCE | Tangible Common Equity | ||||
| Veritex | Veritex Holdings, Inc. and Veritex Community Bank | ||||
| YOY | Year-Over-Year | ||||
13
Exhibit 99.2
HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Supplement
September 30, 2026
Table of Contents
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
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.
Huntington Bancshares Incorporated
Financial Highlights (Unaudited)
| Three Months Ended | Year-to-Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions, except per share data, share count in millions) | Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary Income Statement: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income - FTE(1) | $ | 2,090 | $ | 2,072 | $1,910 | $1,609 | $ | 1,523 | $ | 6,072 | $ | 4,447 | |||||||||||||||||||||||||||||||||||||||||||||||
| FTE adjustment | (21) | (20) | (19) | (17) | (17) | (60) | (48) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 2,069 | 2,052 | 1,891 | 1,592 | 1,506 | 6,012 | 4,399 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | 123 | 132 | 158 | 123 | 122 | 413 | 340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest income | 722 | 785 | 682 | 582 | 628 | 2,189 | 1,593 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest expense | 1,772 | 1,809 | 1,774 | 1,420 | 1,246 | 5,355 | 3,595 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 896 | 896 | 641 | 631 | 766 | 2,433 | 2,057 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 172 | 165 | 114 | 108 | 133 | 451 | 351 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income after income taxes | 724 | 731 | 527 | 523 | 633 | 1,982 | 1,706 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income attributable to NCI | 3 | 4 | 4 | 4 | 4 | 11 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income attributable to Huntington | 721 | 727 | 523 | 519 | 629 | 1,971 | 1,692 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends on preferred shares | 41 | 41 | 41 | 43 | 27 | 123 | 81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income applicable to common shares | $ | 680 | $ | 686 | $ | 482 | $ | 476 | $ | 602 | $ | 1,848 | $ | 1,611 | |||||||||||||||||||||||||||||||||||||||||||||
| Key Metrics and Ratios: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income per common share - diluted | $ | 0.33 | $ | 0.33 | $ | 0.25 | $ | 0.30 | $ | 0.41 | $ | 0.92 | $ | 1.09 | |||||||||||||||||||||||||||||||||||||||||||||
| Cash dividends declared per common share | 0.155 | 0.155 | 0.155 | 0.155 | 0.155 | 0.465 | 0.465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
TBV per common share - period end(2) | 9.47 | 9.65 | 9.55 | 9.89 | 9.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
TCE ratio - period end(3) | 6.9 | % | 7.1 | % | 7.0 | % | 7.1 | % | 6.8 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Return on average assets | 1.01 | 1.02 | 0.81 | 0.93 | 1.19 | 0.95 | % | 1.09 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on average common shareholders’ equity | 9.1 | 9.3 | 7.2 | 8.9 | 12.4 | 8.6 | 11.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
ROTCE(4) | 14.6 | 15.1 | 11.6 | 12.7 | 17.8 | 13.8 | 16.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest margin(1) | 3.25 | 3.21 | 3.24 | 3.15 | 3.13 | 3.23 | 3.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Efficiency ratio(5) | 61.2 | 61.5 | 67.2 | 64.2 | 57.4 | 63.2 | 58.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Effective tax rate | 19.3 | 18.4 | 17.8 | 17.2 | 17.4 | 18.5 | 17.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
CET1 ratio - period end(6) | 10.1 | 10.0 | 10.2 | 10.4 | 10.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adjusted CET1 ratio - period end(7) | 8.9 | 9.0 | 9.2 | 9.2 | 9.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average and Ending Balance Information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average total assets | $ | 282,262 | $ | 284,481 | $ | 262,170 | $ | 220,230 | $ | 209,727 | $ | 276,378 | $ | 207,572 | |||||||||||||||||||||||||||||||||||||||||||||
| Average earning assets | 255,274 | 258,600 | 238,973 | 202,511 | 192,732 | 251,009 | 190,724 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average loans and leases | 188,449 | 189,255 | 174,216 | 146,607 | 135,944 | 184,026 | 133,344 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average total deposits | 223,816 | 223,403 | 204,616 | 173,156 | 164,812 | 217,348 | 163,292 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Huntington shareholders’ equity | 32,656 | 32,555 | 29,896 | 23,896 | 21,348 | 31,713 | 20,636 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average common shareholders' equity | 29,776 | 29,675 | 27,050 | 21,165 | 19,197 | 28,843 | 18,592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average tangible common shareholders' equity | 19,546 | 19,404 | 18,024 | 15,150 | 13,587 | 18,997 | 12,970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets - period end | 287,833 | 283,984 | 285,372 | 225,106 | 210,228 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Huntington shareholders’ equity - period end | 32,179 | 32,624 | 32,535 | 24,342 | 22,248 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average common shares - basic | 2,019 | 2,021 | 1,869 | 1,544 | 1,459 | 1,971 | 1,457 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average common shares - diluted | 2,047 | 2,048 | 1,901 | 1,570 | 1,485 | 1,999 | 1,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Common shares outstanding - period end | 2,015 | 2,020 | 2,027 | 1,568 | 1,459 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Credit Quality: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCOs as a % of average loans and leases | 0.31 | % | 0.25 | % | 0.26 | % | 0.24 | % | 0.22 | % | 0.27 | % | 0.23 | % | |||||||||||||||||||||||||||||||||||||||||||||
| NAL ratio - period end | 0.89 | 0.84 | 0.71 | 0.62 | 0.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
NPA ratio - period end(8) | 0.90 | 0.85 | 0.72 | 0.63 | 0.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses (ALLL) as a % of total loans and leases - period end | 1.68 | 1.72 | 1.72 | 1.70 | 1.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for credit losses (ACL) as a % of total loans and leases - period end | 1.75 | 1.78 | 1.78 | 1.83 | 1.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
See Notes to Financial Highlights.
1
Notes to Financial Highlights
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(2)Tangible book value per common share, a non-GAAP measure, is calculated as tangible common shareholders' equity divided by period end common shares outstanding.
(3)Tangible common shareholders' equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets), which represents a non-GAAP measure. Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate. See page 14 for reconciliation.
(4)Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(5)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses), which represents a non-GAAP measure.
(6)Common Equity Tier 1 (CET1) risk-based capital ratio. Amount is preliminary at September 30, 2026.
(7)Adjusted CET1 ratio, a non-GAAP measure, is calculated as CET1 including the impact of AOCI, excluding cash flow hedges. Amount is preliminary at September 30, 2026.
(8)NPAs include other nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.
2
Huntington Bancshares Incorporated
Consolidated Balance Sheets
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | ||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||||||||||||||||||||||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | $ | 2,377 | $ | 3,330 | $ | 2,096 | $ | 1,783 | $ | 1,696 | ||||||||||||||||||||||||||||||||||||||||
| Interest-earning deposits with banks | 15,019 | 12,714 | 17,579 | 12,295 | 11,536 | |||||||||||||||||||||||||||||||||||||||||||||
| Trading account assets | 345 | 326 | 199 | 63 | 81 | |||||||||||||||||||||||||||||||||||||||||||||
| Available-for-sale securities | 34,623 | 35,206 | 35,557 | 26,132 | 26,085 | |||||||||||||||||||||||||||||||||||||||||||||
| Held-to-maturity securities | 14,733 | 14,384 | 14,768 | 15,258 | 15,597 | |||||||||||||||||||||||||||||||||||||||||||||
| Other securities | 1,433 | 1,383 | 1,281 | 994 | 870 | |||||||||||||||||||||||||||||||||||||||||||||
| Loans held for sale | 1,567 | 1,886 | 1,073 | 1,415 | 823 | |||||||||||||||||||||||||||||||||||||||||||||
Loans and leases (1) | 191,449 | 189,422 | 188,818 | 149,642 | 137,956 | |||||||||||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses | (3,222) | (3,249) | (3,243) | (2,537) | (2,374) | |||||||||||||||||||||||||||||||||||||||||||||
| Net loans and leases | 188,227 | 186,173 | 185,575 | 147,105 | 135,582 | |||||||||||||||||||||||||||||||||||||||||||||
| Bank-owned life insurance | 3,687 | 3,676 | 3,673 | 2,902 | 2,810 | |||||||||||||||||||||||||||||||||||||||||||||
| Accrued income and other receivables | 3,255 | 2,960 | 2,197 | 2,621 | 1,819 | |||||||||||||||||||||||||||||||||||||||||||||
| Premises and equipment | 2,166 | 2,171 | 2,138 | 1,321 | 1,112 | |||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | 9,527 | 9,527 | 9,527 | 5,997 | 5,547 | |||||||||||||||||||||||||||||||||||||||||||||
| Servicing rights and other intangible assets | 1,728 | 1,691 | 1,727 | 752 | 644 | |||||||||||||||||||||||||||||||||||||||||||||
| Other assets | 9,146 | 8,557 | 7,982 | 6,468 | 6,026 | |||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 287,833 | $ | 283,984 | $ | 285,372 | $ | 225,106 | $ | 210,228 | ||||||||||||||||||||||||||||||||||||||||
| Liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits (2) | $ | 224,678 | $ | 222,466 | $ | 223,482 | $ | 176,610 | $ | 165,212 | ||||||||||||||||||||||||||||||||||||||||
| Short-term borrowings | 6,066 | 3,111 | 1,875 | 1,261 | 252 | |||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 17,341 | 18,738 | 21,594 | 17,221 | 17,315 | |||||||||||||||||||||||||||||||||||||||||||||
| Other liabilities | 7,531 | 7,004 | 5,840 | 5,635 | 5,163 | |||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities | 255,616 | $ | 251,319 | $ | 252,791 | $ | 200,727 | $ | 187,942 | |||||||||||||||||||||||||||||||||||||||||
| Shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Preferred stock | 2,881 | 2,881 | 2,881 | 2,731 | 2,731 | |||||||||||||||||||||||||||||||||||||||||||||
| Common stock | 20 | 20 | 20 | 16 | 15 | |||||||||||||||||||||||||||||||||||||||||||||
| Capital surplus | 25,101 | 25,150 | 25,273 | 17,244 | 15,537 | |||||||||||||||||||||||||||||||||||||||||||||
| Less treasury shares, at cost | (92) | (94) | (95) | (92) | (87) | |||||||||||||||||||||||||||||||||||||||||||||
| Accumulated other comprehensive income (loss) | (2,974) | (2,213) | (2,059) | (1,908) | (2,071) | |||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | 7,243 | 6,880 | 6,515 | 6,351 | 6,123 | |||||||||||||||||||||||||||||||||||||||||||||
| Total Huntington shareholders’ equity | 32,179 | 32,624 | 32,535 | 24,342 | 22,248 | |||||||||||||||||||||||||||||||||||||||||||||
| Non-controlling interest | 38 | 41 | 46 | 37 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
| Total equity | 32,217 | 32,665 | 32,581 | 24,379 | 22,286 | |||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and equity | $ | 287,833 | $ | 283,984 | $ | 285,372 | $ | 225,106 | $ | 210,228 | ||||||||||||||||||||||||||||||||||||||||
| Common shares authorized (par value of $0.01) | 2,250,000,000 | 2,250,000,000 | 2,250,000,000 | 2,250,000,000 | 2,250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
| Common shares outstanding | 2,015,387,251 | 2,020,414,826 | 2,027,130,587 | 1,567,732,506 | 1,459,390,757 | |||||||||||||||||||||||||||||||||||||||||||||
| Treasury shares outstanding | 6,952,614 | 7,152,410 | 7,269,138 | 7,187,541 | 6,907,525 | |||||||||||||||||||||||||||||||||||||||||||||
| Preferred stock, authorized shares | 6,617,808 | 6,617,808 | 6,617,808 | 6,617,808 | 6,617,808 | |||||||||||||||||||||||||||||||||||||||||||||
| Preferred shares outstanding | 891,900 | 891,900 | 891,900 | 885,000 | 885,000 | |||||||||||||||||||||||||||||||||||||||||||||
(1)See page 4 for detail of loans and leases.
(2)See page 5 for detail of deposits.
3
Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ending balances by type: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial and industrial | $ | 93,966 | 49 | % | $ | 91,378 | 49 | % | $ | 89,282 | 47 | % | $ | 69,442 | 46 | % | $ | 62,978 | 45 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial real estate | 22,748 | 12 | 23,457 | 12 | 24,337 | 13 | 15,209 | 10 | 10,732 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Lease financing | 5,885 | 3 | 5,714 | 3 | 5,796 | 3 | 5,727 | 4 | 5,515 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total commercial | 122,599 | 64 | 120,549 | 64 | 119,415 | 63 | 90,378 | 60 | 79,225 | 57 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 33,163 | 18 | 33,221 | 18 | 33,458 | 19 | 24,777 | 17 | 24,502 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Automobile | 15,355 | 8 | 15,460 | 8 | 15,953 | 8 | 16,168 | 11 | 15,996 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Home equity | 11,898 | 6 | 11,884 | 6 | 11,831 | 6 | 10,395 | 7 | 10,314 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||
RV and marine | 5,757 | 3 | 5,706 | 3 | 5,627 | 3 | 5,682 | 4 | 5,805 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 2,677 | 1 | 2,602 | 1 | 2,534 | 1 | 2,242 | 1 | 2,114 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total consumer | 68,850 | 36 | 68,873 | 36 | 69,403 | 37 | 59,264 | 40 | 58,731 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | $ | 191,449 | 100 | % | $ | 189,422 | 100 | % | $ | 188,818 | 100 | % | $ | 149,642 | 100 | % | $ | 137,956 | 100 | % | |||||||||||||||||||||||||||||||||||||||
| Ending balances by business segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer & Regional Banking | $ | 102,419 | 54 | % | $ | 103,317 | 55 | % | $ | 104,578 | 55 | % | $ | 79,069 | 53 | % | $ | 75,027 | 55 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial Banking | 88,702 | 46 | 86,089 | 45 | 84,199 | 45 | 70,391 | 47 | 62,755 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury / Other | 328 | — | 16 | — | 41 | — | 182 | — | 174 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | $ | 191,449 | 100 | % | $ | 189,422 | 100 | % | $ | 188,818 | 100 | % | $ | 149,642 | 100 | % | $ | 137,956 | 100 | % | |||||||||||||||||||||||||||||||||||||||
| Average balances by business segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer & Regional Banking | $ | 102,818 | 55 | % | $ | 104,270 | 55 | % | $ | 95,969 | 55 | % | $ | 77,908 | 53 | % | $ | 74,306 | 55 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial Banking | 85,509 | 45 | 84,706 | 45 | 78,029 | 45 | 68,388 | 47 | 61,373 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury / Other | 122 | — | 279 | — | 218 | — | 311 | — | 265 | — | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | $ | 188,449 | 100 | % | $ | 189,255 | 100 | % | $ | 174,216 | 100 | % | $ | 146,607 | 100 | % | $ | 135,944 | 100 | % | |||||||||||||||||||||||||||||||||||||||
4
Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balances by type: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits - noninterest-bearing | $ | 41,317 | 18 | % | $ | 40,129 | 18 | % | $ | 40,839 | 18 | % | $ | 32,205 | 18 | % | $ | 28,596 | 17 | % | |||||||||||||||||||||||||||||||||||||||
| Demand deposits - interest-bearing | 64,503 | 29 | 62,395 | 28 | 61,086 | 27 | 48,510 | 27 | 46,056 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Money market deposits | 77,509 | 35 | 75,717 | 34 | 75,554 | 34 | 65,123 | 37 | 62,837 | 38 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 18,861 | 8 | 18,820 | 9 | 18,971 | 9 | 15,426 | 9 | 14,986 | 9 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 22,488 | 10 | 25,405 | 11 | 27,032 | 12 | 15,346 | 9 | 12,737 | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 224,678 | 100 | % | $ | 222,466 | 100 | % | $ | 223,482 | 100 | % | $ | 176,610 | 100 | % | $ | 165,212 | 100 | % | |||||||||||||||||||||||||||||||||||||||
Ending balances by business segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer & Regional Banking | $ | 148,587 | 66 | % | $ | 150,687 | 68 | % | $ | 153,000 | 69 | % | $ | 117,188 | 66 | % | $ | 110,043 | 67 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial Banking | 67,912 | 30 | 62,713 | 28 | 60,775 | 27 | 50,657 | 29 | 47,651 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury / Other | 8,179 | 4 | 9,066 | 4 | 9,707 | 4 | 8,765 | 5 | 7,518 | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 224,678 | 100 | % | $ | 222,466 | 100 | % | $ | 223,482 | 100 | % | $ | 176,610 | 100 | % | $ | 165,212 | 100 | % | |||||||||||||||||||||||||||||||||||||||
Average balances by business segment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer & Regional Banking | $ | 149,423 | 67 | % | $ | 152,612 | 68 | % | $ | 138,557 | 67 | % | $ | 114,613 | 66 | % | $ | 111,138 | 68 | % | |||||||||||||||||||||||||||||||||||||||
| Commercial Banking | 65,645 | 29 | 61,597 | 28 | 56,622 | 28 | 50,470 | 29 | 46,346 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury / Other | 8,748 | 4 | 9,194 | 4 | 9,437 | 5 | 8,073 | 5 | 7,328 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total deposits | $ | 223,816 | 100 | % | $ | 223,403 | 100 | % | $ | 204,616 | 100 | % | $ | 173,156 | 100 | % | $ | 164,812 | 100 | % | |||||||||||||||||||||||||||||||||||||||
5
Huntington Bancshares Incorporated
Quarterly Average Balances and Rates (Unaudited)
| Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Balances | Income/Expense(1) | Yield/ Rate(1) | Average Balances | Income/Expense(1) | Yield/ Rate(1) | Average Balances | Income/Expense(1) | Yield/ Rate(1) | Average Balances | Income/Expense(1) | Yield/ Rate(1) | Average Balances | Income/Expense(1) | Yield/ Rate(1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-earning deposits with banks | $ | 14,288 | $ | 135 | 3.78 | % | $ | 16,977 | $ | 156 | 3.67 | % | $ | 15,634 | $ | 141 | 3.62 | % | $ | 12,231 | $ | 124 | 4.03 | % | $ | 11,823 | $ | 134 | 4.53 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading account assets | 315 | 3 | 3.87 | 281 | 3 | 3.97 | 235 | 2 | 3.70 | 112 | — | 2.58 | 629 | 7 | 4.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment and other securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Available-for-sale securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxable | $ | 31,521 | $ | 296 | 3.76 | $ | 31,486 | $ | 285 | 3.62 | $ | 28,063 | $ | 258 | 3.67 | $ | 22,879 | $ | 212 | 3.72 | $ | 23,485 | $ | 246 | 4.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax-exempt | 3,463 | 43 | 4.97 | 3,487 | 43 | 4.92 | 3,441 | 42 | 4.86 | 3,405 | 43 | 4.99 | 3,318 | 41 | 5.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total available-for-sale securities | 34,984 | 339 | 3.88 | 34,973 | 328 | 3.75 | 31,504 | 300 | 3.80 | 26,284 | 255 | 3.88 | 26,803 | 287 | 4.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Held-to-maturity securities - taxable | 14,314 | 96 | 2.69 | 14,571 | 97 | 2.65 | 14,975 | 99 | 2.65 | 15,397 | 103 | 2.66 | 15,752 | 105 | 2.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other securities | 1,295 | 19 | 5.80 | 1,369 | 17 | 5.00 | 1,219 | 16 | 5.17 | 949 | 11 | 4.86 | 888 | 12 | 5.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment and other securities | 50,593 | 454 | 3.59 | 50,913 | 442 | 3.47 | 47,698 | 415 | 3.48 | 42,630 | 369 | 3.46 | 43,443 | 404 | 3.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans held for sale | 1,629 | 22 | 5.62 | 1,174 | 19 | 6.16 | 1,190 | 18 | 6.19 | 931 | 14 | 6.13 | 893 | 15 | 6.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans and leases (includes nonaccrual loans and leases): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial and industrial | 90,924 | 1,358 | 5.84 | 90,371 | 1,336 | 5.85 | 81,535 | 1,191 | 5.85 | 67,378 | 1,023 | 5.94 | 61,440 | 959 | 6.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial real estate | 23,071 | 357 | 6.05 | 23,925 | 370 | 6.12 | 21,138 | 327 | 6.17 | 14,268 | 233 | 6.39 | 10,692 | 187 | 6.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease financing | 5,724 | 98 | 6.72 | 5,726 | 101 | 6.98 | 5,754 | 99 | 6.86 | 5,498 | 91 | 6.48 | 5,483 | 93 | 6.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total commercial | 119,719 | 1,813 | 5.93 | 120,022 | 1,807 | 5.96 | 108,427 | 1,617 | 5.96 | 87,144 | 1,347 | 6.05 | 77,615 | 1,239 | 6.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 33,183 | 400 | 4.82 | 33,515 | 404 | 4.81 | 30,392 | 353 | 4.65 | 25,098 | 269 | 4.29 | 24,511 | 259 | 4.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Automobile | 15,339 | 230 | 5.94 | 15,650 | 229 | 5.87 | 16,056 | 232 | 5.86 | 16,114 | 241 | 5.93 | 15,693 | 234 | 5.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Home equity | 11,869 | 204 | 6.81 | 11,878 | 202 | 6.85 | 11,325 | 193 | 6.89 | 10,372 | 184 | 7.02 | 10,264 | 190 | 7.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RV and marine | 5,744 | 81 | 5.58 | 5,646 | 76 | 5.44 | 5,631 | 76 | 5.44 | 5,747 | 80 | 5.53 | 5,860 | 80 | 5.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other consumer | 2,595 | 68 | 10.44 | 2,544 | 64 | 10.09 | 2,385 | 58 | 9.88 | 2,132 | 54 | 10.11 | 2,001 | 55 | 10.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total consumer | 68,730 | 983 | 5.69 | 69,233 | 975 | 5.65 | 65,789 | 912 | 5.59 | 59,463 | 828 | 5.54 | 58,329 | 818 | 5.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | 188,449 | 2,796 | 5.84 | 189,255 | 2,782 | 5.84 | 174,216 | 2,529 | 5.82 | 146,607 | 2,175 | 5.84 | 135,944 | 2,057 | 5.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total earning assets | 255,274 | $ | 3,410 | 5.30 | % | 258,600 | $ | 3,402 | 5.28 | % | 238,973 | $ | 3,105 | 5.27 | % | 202,511 | $ | 2,682 | 5.25 | % | 192,732 | $ | 2,617 | 5.39 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and due from banks | 2,375 | 2,036 | 1,778 | 1,396 | 1,445 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and other intangible assets | 10,416 | 10,468 | 9,175 | 6,043 | 5,625 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All other assets | 14,197 | 13,377 | 12,244 | 10,280 | 9,925 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 282,262 | $ | 284,481 | $ | 262,170 | $ | 220,230 | $ | 209,727 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities and shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits - interest-bearing | $ | 63,704 | $ | 321 | 2.00 | % | $ | 62,388 | $ | 285 | 1.83 | % | $ | 52,985 | $ | 246 | 1.88 | % | $ | 47,185 | $ | 227 | 1.91 | % | $ | 45,980 | $ | 235 | 2.02 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Money market deposits | 77,353 | 517 | 2.65 | 75,309 | 493 | 2.62 | 75,216 | 446 | 2.41 | 65,182 | 437 | 2.66 | 62,009 | 466 | 2.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Savings deposits | 18,839 | 30 | 0.62 | 18,940 | 39 | 0.83 | 18,033 | 30 | 0.68 | 15,360 | 19 | 0.47 | 15,042 | 13 | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Time deposits | 23,766 | 203 | 3.40 | 26,758 | 231 | 3.46 | 22,864 | 198 | 3.50 | 14,661 | 137 | 3.69 | 12,773 | 116 | 3.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing deposits | 183,662 | 1,071 | 2.31 | 183,395 | 1,048 | 2.29 | 169,098 | 920 | 2.21 | 142,388 | 820 | 2.28 | 135,804 | 830 | 2.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-term borrowings | 1,152 | 9 | 3.12 | 1,887 | 18 | 3.65 | 1,745 | 16 | 3.83 | 897 | 10 | 4.45 | 1,267 | 13 | 3.90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 18,145 | 240 | 5.28 | 20,971 | 264 | 5.06 | 20,248 | 259 | 5.09 | 17,335 | 243 | 5.61 | 17,433 | 251 | 5.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | 202,959 | $ | 1,320 | 2.58 | % | 206,253 | $ | 1,330 | 2.59 | % | 191,091 | $ | 1,195 | 2.53 | % | 160,620 | $ | 1,073 | 2.65 | % | 154,504 | $ | 1,094 | 2.81 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Demand deposits - noninterest-bearing | 40,154 | 40,008 | 35,518 | 30,768 | 29,008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All other liabilities | 6,453 | 5,620 | 5,624 | 4,907 | 4,826 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities | 249,566 | 251,881 | 232,233 | 196,295 | 188,338 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Huntington shareholders’ equity | 32,656 | 32,555 | 29,896 | 23,896 | 21,348 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-controlling interest | 40 | 45 | 41 | 39 | 41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total equity | 32,696 | 32,600 | 29,937 | 23,935 | 21,389 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and equity | $ | 282,262 | $ | 284,481 | $ | 262,170 | $ | 220,230 | $ | 209,727 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest rate spread | 2.72 | % | 2.69 | % | 2.74 | % | 2.60 | % | 2.58 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Impact of noninterest bearing funds | 0.53 | 0.52 | 0.50 | 0.55 | 0.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FTE net interest income / net interest margin | $ | 2,090 | 3.25 | % | $ | 2,072 | 3.21 | % | $ | 1,910 | 3.24 | % | $ | 1,609 | 3.15 | % | $ | 1,523 | 3.13 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FTE adjustment | 21 | 20 | 19 | 17 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest income | $ | 2,069 | $ | 2,052 | $ | 1,891 | $ | 1,592 | $ | 1,506 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Memo: Total deposits | $ | 223,816 | $ | 1,071 | 1.90 | % | $ | 223,403 | $ | 1,048 | 1.88 | % | $ | 204,616 | $ | 920 | 1.82 | % | $ | 173,156 | $ | 820 | 1.88 | % | $ | 164,812 | $ | 830 | 2.00 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Memo: Impact of derivatives on commercial loan yields | (0.06) | (0.06) | (0.08) | (0.18) | (0.25) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
6
Huntington Bancshares Incorporated
Year-To-Date Average Balances and Rates
(Unaudited)
| Nine Months Ended Sep 30, 2026 | Nine Months Ended Sep 30, 2025 | ||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | Average Balances | Income/ Expense (1) | Yield/ Rate (1) | Average Balances | Income/ Expense (1) | Yield/ Rate (1) | |||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||
| Interest-earning deposits with banks | $ | 15,628 | $ | 432 | 3.69 | % | $ | 11,907 | $ | 402 | 4.50 | % | |||||||||||||||||||||||
| Trading account assets | 277 | 8 | 3.85 | 584 | 17 | 3.82 | |||||||||||||||||||||||||||||
| Investment and other securities: | |||||||||||||||||||||||||||||||||||
| Available-for-sale securities: | |||||||||||||||||||||||||||||||||||
| Taxable | 30,369 | 839 | 3.69 | 23,913 | 811 | 4.52 | |||||||||||||||||||||||||||||
| Tax-exempt | 3,464 | 128 | 4.91 | 3,274 | 124 | 5.06 | |||||||||||||||||||||||||||||
| Total available-for-sale securities | 33,833 | 967 | 3.81 | 27,187 | 935 | 4.58 | |||||||||||||||||||||||||||||
| Held-to-maturity securities - taxable | 14,618 | 292 | 2.66 | 16,078 | 320 | 2.65 | |||||||||||||||||||||||||||||
| Other securities | 1,294 | 52 | 5.32 | 882 | 36 | 5.43 | |||||||||||||||||||||||||||||
| Total investment and other securities | 49,745 | 1,311 | 3.51 | 44,147 | 1,291 | 3.90 | |||||||||||||||||||||||||||||
| Loans held for sale | 1,333 | 59 | 5.94 | 742 | 36 | 6.47 | |||||||||||||||||||||||||||||
| Loans and leases (includes nonaccrual loans and leases): | |||||||||||||||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||||||||
| Commercial and industrial | 87,644 | 3,885 | 5.85 | 59,477 | 2,746 | 6.09 | |||||||||||||||||||||||||||||
| Commercial real estate | 22,718 | 1,054 | 6.12 | 10,831 | 555 | 6.76 | |||||||||||||||||||||||||||||
| Lease financing | 5,735 | 298 | 6.85 | 5,472 | 274 | 6.61 | |||||||||||||||||||||||||||||
| Total commercial | 116,097 | 5,237 | 5.95 | 75,780 | 3,575 | 6.22 | |||||||||||||||||||||||||||||
| Consumer: | |||||||||||||||||||||||||||||||||||
| Residential mortgage | 32,373 | 1,157 | 4.76 | 24,412 | 762 | 4.16 | |||||||||||||||||||||||||||||
| Automobile | 15,679 | 691 | 5.89 | 15,167 | 660 | 5.82 | |||||||||||||||||||||||||||||
| Home equity | 11,692 | 599 | 6.85 | 10,195 | 559 | 7.33 | |||||||||||||||||||||||||||||
| RV and marine | 5,674 | 233 | 5.49 | 5,910 | 237 | 5.35 | |||||||||||||||||||||||||||||
| Other consumer | 2,511 | 190 | 10.15 | 1,880 | 154 | 10.97 | |||||||||||||||||||||||||||||
| Total consumer | 67,929 | 2,870 | 5.64 | 57,564 | 2,372 | 5.50 | |||||||||||||||||||||||||||||
| Total loans and leases | 184,026 | 8,107 | 5.84 | 133,344 | 5,947 | 5.91 | |||||||||||||||||||||||||||||
| Total earning assets | 251,009 | $ | 9,917 | 5.28 | % | 190,724 | $ | 7,693 | 5.39 | % | |||||||||||||||||||||||||
| Cash and due from banks | 2,065 | 1,419 | |||||||||||||||||||||||||||||||||
| Goodwill and other intangible assets | 10,024 | 5,639 | |||||||||||||||||||||||||||||||||
| All other assets | 13,280 | 9,790 | |||||||||||||||||||||||||||||||||
| Total assets | $ | 276,378 | $ | 207,572 | |||||||||||||||||||||||||||||||
| Liabilities and shareholders' equity: | |||||||||||||||||||||||||||||||||||
| Interest-bearing deposits: | |||||||||||||||||||||||||||||||||||
| Demand deposits - interest-bearing | $ | 59,731 | $ | 852 | 1.91 | % | $ | 44,755 | $ | 663 | 1.98 | % | |||||||||||||||||||||||
| Money market deposits | 75,967 | 1,456 | 2.56 | 61,111 | 1,388 | 3.04 | |||||||||||||||||||||||||||||
| Savings deposits | 18,607 | 99 | 0.71 | 15,012 | 31 | 0.28 | |||||||||||||||||||||||||||||
| Time deposits | 24,466 | 632 | 3.45 | 13,347 | 380 | 3.81 | |||||||||||||||||||||||||||||
| Total interest-bearing deposits | 178,771 | 3,039 | 2.27 | 134,225 | 2,462 | 2.45 | |||||||||||||||||||||||||||||
| Short-term borrowings | 1,592 | 43 | 3.58 | 1,322 | 40 | 4.04 | |||||||||||||||||||||||||||||
| Long-term debt | 19,780 | 763 | 5.14 | 17,372 | 744 | 5.71 | |||||||||||||||||||||||||||||
| Total interest-bearing liabilities | 200,143 | $ | 3,845 | 2.57 | % | 152,919 | $ | 3,246 | 2.84 | % | |||||||||||||||||||||||||
| Demand deposits - noninterest-bearing | 38,577 | 29,067 | |||||||||||||||||||||||||||||||||
| All other liabilities | 5,903 | 4,904 | |||||||||||||||||||||||||||||||||
| Total liabilities | 244,623 | 186,890 | |||||||||||||||||||||||||||||||||
| Total Huntington shareholders’ equity | 31,713 | 20,636 | |||||||||||||||||||||||||||||||||
| Non-controlling interest | 42 | 46 | |||||||||||||||||||||||||||||||||
| Total equity | 31,755 | 20,682 | |||||||||||||||||||||||||||||||||
| Total liabilities and equity | $ | 276,378 | $ | 207,572 | |||||||||||||||||||||||||||||||
| Net interest rate spread | 2.71 | % | 2.55 | % | |||||||||||||||||||||||||||||||
| Impact of noninterest bearing funds | 0.52 | 0.57 | |||||||||||||||||||||||||||||||||
| FTE net interest income / net interest margin | $ | 6,072 | 3.23 | % | $ | 4,447 | 3.12 | % | |||||||||||||||||||||||||||
| FTE adjustment | 60 | 48 | |||||||||||||||||||||||||||||||||
| Net interest income | $ | 6,012 | $ | 4,399 | |||||||||||||||||||||||||||||||
| Memo: Total deposits | $ | 217,348 | $ | 3,039 | 1.87 | $ | 163,292 | $ | 2,462 | 2.02 | % | ||||||||||||||||||||||||
| Memo: Impact of derivatives on commercial loan yields | (0.07) | (0.30) | |||||||||||||||||||||||||||||||||
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
7
Huntington Bancshares Incorporated
Selected Income Statement Data
(Unaudited)
| Three Months Ended | Year-to-Date | |||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions, except per share data) | Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | |||||||||||||||||||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | ||||||||||||||||||||||||||||||||||||||
| Interest income | $ | 3,389 | $ | 3,382 | $ | 3,086 | $ | 2,665 | $ | 2,600 | $ | 9,857 | $ | 7,645 | ||||||||||||||||||||||||||||||
| Interest expense | 1,320 | 1,330 | 1,195 | 1,073 | 1,094 | 3,845 | 3,246 | |||||||||||||||||||||||||||||||||||||
| Net interest income | 2,069 | 2,052 | 1,891 | 1,592 | 1,506 | 6,012 | 4,399 | |||||||||||||||||||||||||||||||||||||
| Provision for credit losses | 123 | 132 | 158 | 123 | 122 | 413 | 340 | |||||||||||||||||||||||||||||||||||||
| Net interest income after provision for credit losses | 1,946 | 1,920 | 1,733 | 1,469 | 1,384 | 5,599 | 4,059 | |||||||||||||||||||||||||||||||||||||
| Payments and cash management revenue | 211 | 204 | 187 | 170 | 174 | 602 | 494 | |||||||||||||||||||||||||||||||||||||
| Wealth and asset management revenue | 131 | 134 | 120 | 102 | 104 | 385 | 307 | |||||||||||||||||||||||||||||||||||||
| Customer deposit and loan fees | 124 | 128 | 110 | 107 | 102 | 362 | 283 | |||||||||||||||||||||||||||||||||||||
| Capital markets and advisory fees | 122 | 140 | 132 | 101 | 94 | 394 | 245 | |||||||||||||||||||||||||||||||||||||
| Mortgage banking income | 45 | 53 | 32 | 39 | 43 | 130 | 102 | |||||||||||||||||||||||||||||||||||||
| Net gains (losses) on sales of securities | — | 2 | 13 | — | — | 15 | (58) | |||||||||||||||||||||||||||||||||||||
Other noninterest income (1) | 89 | 124 | 88 | 63 | 111 | 301 | 220 | |||||||||||||||||||||||||||||||||||||
| Total noninterest income | 722 | 785 | 682 | 582 | 628 | 2,189 | 1,593 | |||||||||||||||||||||||||||||||||||||
| Personnel costs | 990 | 1,010 | 992 | 845 | 757 | 2,992 | 2,150 | |||||||||||||||||||||||||||||||||||||
| Outside data processing and other services | 290 | 326 | 311 | 222 | 198 | 927 | 550 | |||||||||||||||||||||||||||||||||||||
| Equipment | 79 | 96 | 93 | 67 | 66 | 268 | 201 | |||||||||||||||||||||||||||||||||||||
| Net occupancy | 96 | 90 | 85 | 56 | 57 | 271 | 176 | |||||||||||||||||||||||||||||||||||||
| Professional services | 38 | 31 | 44 | 80 | 31 | 113 | 75 | |||||||||||||||||||||||||||||||||||||
| Marketing | 54 | 38 | 37 | 36 | 34 | 129 | 91 | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | 49 | 54 | 41 | 13 | 11 | 144 | 33 | |||||||||||||||||||||||||||||||||||||
Other noninterest expense (1) | 176 | 164 | 171 | 101 | 92 | 511 | 319 | |||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 1,772 | 1,809 | 1,774 | 1,420 | 1,246 | 5,355 | 3,595 | |||||||||||||||||||||||||||||||||||||
| Income before income taxes | 896 | 896 | 641 | 631 | 766 | 2,433 | 2,057 | |||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 172 | 165 | 114 | 108 | 133 | 451 | 351 | |||||||||||||||||||||||||||||||||||||
| Income after income taxes | 724 | 731 | 527 | 523 | 633 | 1,982 | 1,706 | |||||||||||||||||||||||||||||||||||||
| Income attributable to NCI | 3 | 4 | 4 | 4 | 4 | 11 | 14 | |||||||||||||||||||||||||||||||||||||
| Net income attributable to Huntington | 721 | 727 | 523 | 519 | 629 | 1,971 | 1,692 | |||||||||||||||||||||||||||||||||||||
| Dividends on preferred shares | 41 | 41 | 41 | 43 | 27 | 123 | 81 | |||||||||||||||||||||||||||||||||||||
| Net income applicable to common shares | $ | 680 | $ | 686 | $ | 482 | $ | 476 | $ | 602 | $ | 1,848 | $ | 1,611 | ||||||||||||||||||||||||||||||
| Average common shares - basic | 2,019 | 2,021 | 1,869 | 1,544 | 1,459 | 1,971 | 1,457 | |||||||||||||||||||||||||||||||||||||
| Average common shares - diluted | 2,047 | 2,048 | 1,901 | 1,570 | 1,485 | 1,999 | 1,483 | |||||||||||||||||||||||||||||||||||||
| Per common share | ||||||||||||||||||||||||||||||||||||||||||||
| Net income - basic | $ | 0.34 | $ | 0.34 | $ | 0.26 | $ | 0.31 | $ | 0.41 | $ | 0.94 | $ | 1.11 | ||||||||||||||||||||||||||||||
| Net income - diluted | 0.33 | 0.33 | 0.25 | 0.30 | 0.41 | 0.92 | 1.09 | |||||||||||||||||||||||||||||||||||||
| Cash dividends declared | 0.155 | 0.155 | 0.155 | 0.155 | 0.155 | 0.465 | 0.465 | |||||||||||||||||||||||||||||||||||||
| Revenue - fully-taxable equivalent (FTE) | ||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | $ | 2,069 | $ | 2,052 | $ | 1,891 | $ | 1,592 | $ | 1,506 | $ | 6,012 | $ | 4,399 | ||||||||||||||||||||||||||||||
| FTE adjustment | 21 | 20 | 19 | 17 | 17 | 60 | 48 | |||||||||||||||||||||||||||||||||||||
Net interest income FTE (2) | 2,090 | 2,072 | 1,910 | 1,609 | 1,523 | 6,072 | 4,447 | |||||||||||||||||||||||||||||||||||||
| Noninterest income | 722 | 785 | 682 | 582 | 628 | 2,189 | 1,593 | |||||||||||||||||||||||||||||||||||||
Total revenue FTE (2) | $ | 2,812 | $ | 2,857 | $ | 2,592 | $ | 2,191 | $ | 2,151 | $ | 8,261 | $ | 6,040 | ||||||||||||||||||||||||||||||
(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income, and we reclassified deposit and other insurance expense and leasing financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.
(2)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
8
Huntington Bancshares Incorporated
Credit Reserves Analysis
(Unaudited)
| Three Months Ended | Year-to-Date | |||||||||||||||||||||||||||||||||||||||||||
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses, beginning of period | $ | 3,249 | $ | 3,243 | $ | 2,537 | $ | 2,374 | $ | 2,331 | $ | 2,537 | $ | 2,244 | ||||||||||||||||||||||||||||||
| Loan and lease charge-offs | (200) | (191) | (173) | (145) | (137) | (564) | (381) | |||||||||||||||||||||||||||||||||||||
Recoveries of loans and leases previously charged off | 54 | 72 | 62 | 56 | 62 | 188 | 154 | |||||||||||||||||||||||||||||||||||||
| Net loan and lease charge-offs | (146) | (119) | (111) | (89) | (75) | (376) | (227) | |||||||||||||||||||||||||||||||||||||
| Provision for loan and lease losses | 119 | 125 | 250 | 109 | 118 | 494 | 357 | |||||||||||||||||||||||||||||||||||||
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition | — | — | 322 | 71 | — | 322 | — | |||||||||||||||||||||||||||||||||||||
Allowance on purchased seasoned loans and leases at acquisition (1) | — | — | 245 | 72 | — | 245 | — | |||||||||||||||||||||||||||||||||||||
| Allowance for loan and lease losses, end of period | 3,222 | 3,249 | 3,243 | 2,537 | 2,374 | 3,222 | 2,374 | |||||||||||||||||||||||||||||||||||||
| Allowance for unfunded lending commitments, beginning of period | 132 | 125 | 206 | 188 | 184 | 206 | 202 | |||||||||||||||||||||||||||||||||||||
Provision (benefit) for unfunded lending commitments | 4 | 7 | (92) | 14 | 4 | (81) | (14) | |||||||||||||||||||||||||||||||||||||
Allowance for unfunded lending commitments at acquisition | — | — | 11 | 4 | — | 11 | — | |||||||||||||||||||||||||||||||||||||
| Allowance for unfunded lending commitments, end of period | 136 | 132 | 125 | 206 | 188 | 136 | 188 | |||||||||||||||||||||||||||||||||||||
| Total allowance for credit losses, end of period | $ | 3,358 | $ | 3,381 | $ | 3,368 | $ | 2,743 | $ | 2,562 | $ | 3,358 | $ | 2,562 | ||||||||||||||||||||||||||||||
| Allowance for loan and lease losses (ALLL) as % of: | ||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | 1.68 | % | 1.72 | % | 1.72 | % | 1.70 | % | 1.72 | % | 1.68 | % | 1.72 | % | ||||||||||||||||||||||||||||||
| Nonaccrual loans and leases (NALs) | 190 | 204 | 243 | 272 | 294 | 190 | 294 | |||||||||||||||||||||||||||||||||||||
| Nonperforming assets (NPAs) | 187 | 202 | 239 | 269 | 289 | 187 | 289 | |||||||||||||||||||||||||||||||||||||
| Total allowance for credit losses (ACL) as % of: | ||||||||||||||||||||||||||||||||||||||||||||
| Total loans and leases | 1.75 | % | 1.78 | % | 1.78 | % | 1.83 | % | 1.86 | % | 1.75 | % | 1.86 | % | ||||||||||||||||||||||||||||||
| Nonaccrual loans and leases (NALs) | 198 | 213 | 253 | 295 | 317 | 198 | 317 | |||||||||||||||||||||||||||||||||||||
| Nonperforming assets (NPAs) | 195 | 210 | 248 | 290 | 312 | 195 | 312 | |||||||||||||||||||||||||||||||||||||
(1) Reflects Huntington's October 1, 2025 adoption of Accounting Standards Update (ASU) 2025-08 applicable to purchased loans whereby non-PCD loans acquired in a business combination are deemed "purchased seasoned loans" and subject to the gross-approach resulting in recognition of an allowance for credit losses at acquisition.
9
Huntington Bancshares Incorporated
Net Charge-Off Analysis
(Unaudited)
| Three Months Ended | Year-to-Date | |||||||||||||||||||||||||||||||||||||||||||
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||||||||||||
| Net charge-offs (recoveries) by loan and lease type: | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial and industrial | $ | 71 | $ | 66 | $ | 54 | $ | 40 | $ | 39 | $ | 191 | $ | 119 | ||||||||||||||||||||||||||||||
| Commercial real estate | 10 | 3 | 2 | 8 | (4) | 15 | (15) | |||||||||||||||||||||||||||||||||||||
| Lease financing | — | (3) | — | (8) | 1 | (3) | 7 | |||||||||||||||||||||||||||||||||||||
| Total commercial | 81 | 66 | 56 | 40 | 36 | 203 | 111 | |||||||||||||||||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 2 | 3 | 1 | — | — | 6 | 1 | |||||||||||||||||||||||||||||||||||||
| Automobile | 15 | 12 | 15 | 14 | 10 | 42 | 30 | |||||||||||||||||||||||||||||||||||||
| Home equity | — | 1 | — | — | 1 | 1 | 1 | |||||||||||||||||||||||||||||||||||||
RV and marine | 6 | 6 | 7 | 6 | 4 | 19 | 16 | |||||||||||||||||||||||||||||||||||||
| Other consumer | 42 | 31 | 32 | 29 | 24 | 105 | 68 | |||||||||||||||||||||||||||||||||||||
| Total consumer | 65 | 53 | 55 | 49 | 39 | 173 | 116 | |||||||||||||||||||||||||||||||||||||
| Total net charge-offs | $ | 146 | $ | 119 | $ | 111 | $ | 89 | $ | 75 | $ | 376 | $ | 227 | ||||||||||||||||||||||||||||||
| Net charge-offs (recoveries) - annualized percentages: | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial: | ||||||||||||||||||||||||||||||||||||||||||||
| Commercial and industrial | 0.31 | % | 0.29 | % | 0.26 | % | 0.24 | % | 0.25 | % | 0.29 | % | 0.27 | % | ||||||||||||||||||||||||||||||
| Commercial real estate | 0.16 | 0.06 | 0.03 | 0.21 | (0.13) | 0.08 | (0.18) | |||||||||||||||||||||||||||||||||||||
| Lease financing | 0.03 | (0.18) | 0.01 | (0.53) | 0.04 | (0.05) | 0.16 | |||||||||||||||||||||||||||||||||||||
| Total commercial | 0.27 | 0.22 | 0.21 | 0.18 | 0.18 | 0.23 | 0.20 | |||||||||||||||||||||||||||||||||||||
| Consumer: | ||||||||||||||||||||||||||||||||||||||||||||
| Residential mortgage | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | |||||||||||||||||||||||||||||||||||||
| Automobile | 0.41 | 0.32 | 0.38 | 0.36 | 0.26 | 0.37 | 0.26 | |||||||||||||||||||||||||||||||||||||
| Home equity | 0.01 | 0.01 | 0.02 | (0.01) | 0.01 | 0.01 | 0.01 | |||||||||||||||||||||||||||||||||||||
RV and marine | 0.40 | 0.44 | 0.51 | 0.45 | 0.30 | 0.45 | 0.36 | |||||||||||||||||||||||||||||||||||||
| Other consumer | 6.30 | 4.88 | 5.30 | 5.22 | 4.92 | 5.50 | 4.89 | |||||||||||||||||||||||||||||||||||||
| Total consumer | 0.38 | 0.30 | 0.34 | 0.33 | 0.27 | 0.34 | 0.27 | |||||||||||||||||||||||||||||||||||||
| Net charge-offs as a % of average loans and leases | 0.31 | % | 0.25 | % | 0.26 | % | 0.24 | % | 0.22 | % | 0.27 | % | 0.23 | % | ||||||||||||||||||||||||||||||
10
Huntington Bancshares Incorporated
Nonperforming Assets (NPAs)
(Unaudited)
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||
| Nonaccrual loans and leases (NALs): | |||||||||||||||||||||||||||||
| Commercial and industrial | $ | 1,046 | $ | 986 | $ | 824 | $ | 562 | $ | 455 | |||||||||||||||||||
| Commercial real estate | 265 | 243 | 188 | 133 | 131 | ||||||||||||||||||||||||
| Lease financing | 6 | 8 | 9 | 8 | 10 | ||||||||||||||||||||||||
| Residential mortgage | 240 | 223 | 185 | 107 | 97 | ||||||||||||||||||||||||
| Automobile | 8 | 7 | 6 | 6 | 6 | ||||||||||||||||||||||||
| Home equity | 129 | 120 | 117 | 113 | 108 | ||||||||||||||||||||||||
| RV and marine | 2 | 2 | 2 | 2 | 1 | ||||||||||||||||||||||||
| Other consumer | 1 | — | 1 | — | — | ||||||||||||||||||||||||
| Total nonaccrual loans and leases | 1,697 | 1,589 | 1,332 | 931 | 808 | ||||||||||||||||||||||||
| Other real estate, net | 25 | 23 | 22 | 13 | 10 | ||||||||||||||||||||||||
Other NPAs (1) | — | — | 3 | 1 | 3 | ||||||||||||||||||||||||
| Total nonperforming assets | $ | 1,722 | $ | 1,612 | $ | 1,357 | $ | 945 | $ | 821 | |||||||||||||||||||
| NALs as a % of total loans and leases | 0.89 | % | 0.84 | % | 0.71 | % | 0.62 | % | 0.59 | % | |||||||||||||||||||
NPA ratio (2) | 0.90 | 0.85 | 0.72 | 0.63 | 0.60 | ||||||||||||||||||||||||
| Accruing loans and leases past due 90+ days: | |||||||||||||||||||||||||||||
| Commercial and industrial | $ | 2 | $ | 2 | $ | 2 | $ | 1 | $ | 1 | |||||||||||||||||||
| Commercial real estate | — | — | 3 | — | — | ||||||||||||||||||||||||
| Lease financing | 1 | 6 | 5 | 9 | 6 | ||||||||||||||||||||||||
| Residential mortgage (excluding loans guaranteed by the U.S. Government) | 79 | 66 | 46 | 46 | 35 | ||||||||||||||||||||||||
| Automobile | 15 | 12 | 12 | 14 | 12 | ||||||||||||||||||||||||
| Home equity | 28 | 24 | 22 | 16 | 20 | ||||||||||||||||||||||||
| RV and marine | 4 | 3 | 3 | 4 | 3 | ||||||||||||||||||||||||
| Other consumer | 8 | 5 | 6 | 6 | 5 | ||||||||||||||||||||||||
| Total, excl. loans guaranteed by the U.S. Government | 137 | 118 | 99 | 96 | 82 | ||||||||||||||||||||||||
| Add: loans guaranteed by U.S. Government | 340 | 325 | 322 | 186 | 152 | ||||||||||||||||||||||||
| Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government | $ | 477 | $ | 443 | $ | 421 | $ | 282 | $ | 234 | |||||||||||||||||||
| Accruing loans and leases past due 90+ days as a percent of total loans and leases: | |||||||||||||||||||||||||||||
| Excluding loans guaranteed by the U.S. Government | 0.07 | % | 0.06 | % | 0.05 | % | 0.06 | % | 0.06 | % | |||||||||||||||||||
| Guaranteed by U.S. Government | 0.18 | 0.17 | 0.17 | 0.12 | 0.11 | ||||||||||||||||||||||||
| Including loans guaranteed by the U.S. Government | 0.25 | 0.23 | 0.22 | 0.19 | 0.17 | ||||||||||||||||||||||||
(1)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.
(2)Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.
11
Huntington Bancshares Incorporated
Capital Under Current Regulatory Standards (Basel III)
(Unaudited)
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||
| Common equity tier 1 (CET1) capital | $ | 21,684 | $ | 21,388 | $ | 21,160 | $ | 17,286 | $ | 15,924 | |||||||||||||||||||
| Tier 1 capital | 24,575 | 24,279 | 24,051 | 20,027 | 18,665 | ||||||||||||||||||||||||
| Total risk-based capital | 29,377 | 29,076 | 28,772 | 23,593 | 22,022 | ||||||||||||||||||||||||
Risk-weighted assets (RWA) (1) | 214,500 | 214,138 | 208,132 | 166,684 | 150,222 | ||||||||||||||||||||||||
Common equity tier 1 risk-based capital ratio (1) | 10.1 | % | 10.0 | % | 10.2 | % | 10.4 | % | 10.6 | % | |||||||||||||||||||
| Other regulatory capital data: | |||||||||||||||||||||||||||||
Tier 1 leverage ratio (1) | 9.0 | 8.8 | 9.5 | 9.3 | 9.0 | ||||||||||||||||||||||||
Tier 1 risk-based capital ratio (1) | 11.5 | 11.3 | 11.6 | 12.0 | 12.4 | ||||||||||||||||||||||||
Total risk-based capital ratio (1) | 13.7 | 13.6 | 13.8 | 14.2 | 14.7 | ||||||||||||||||||||||||
| Reconciliation of Non-GAAP Measure | ||||||||||||||||||||||||||||||||
| Common equity tier 1 (CET1) capital | (A) | $ | 21,684 | $ | 21,388 | $ | 21,160 | $ | 17,286 | $ | 15,924 | |||||||||||||||||||||
| Add: Accumulated other comprehensive income (loss) | (2,969) | (2,208) | (2,055) | (1,904) | (2,065) | |||||||||||||||||||||||||||
| Less: AOCI cash flow hedge | (410) | (167) | (49) | 27 | 16 | |||||||||||||||||||||||||||
Adjusted common equity tier 1 (2) | (B) | 19,125 | 19,347 | 19,154 | 15,355 | 13,843 | ||||||||||||||||||||||||||
Risk-weighted assets (RWA) (1) | (C) | 214,500 | 214,138 | 208,132 | 166,684 | 150,222 | ||||||||||||||||||||||||||
CET1 ratio (1) | (A/C) | 10.1 | % | 10.0 | % | 10.2 | % | 10.4 | % | 10.6 | % | |||||||||||||||||||||
Adjusted CET1 ratio (1)(2) | (B/C) | 8.9 | 9.0 | 9.2 | 9.2 | 9.2 | ||||||||||||||||||||||||||
(1)Preliminary at September 30, 2026.
(2) Represents CET1 adjusted for AOCI, excluding cash flow hedges, which aligns with GSIB reporting.
12
Huntington Bancshares Incorporated
Non-Regulatory Capital and Other Data
(Unaudited)
Non-Regulatory Capital
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||
| Calculation of tangible equity / asset ratio: | |||||||||||||||||||||||||||||
| Total Huntington shareholders’ equity | $ | 32,179 | $ | 32,624 | $ | 32,535 | $ | 24,342 | $ | 22,248 | |||||||||||||||||||
| Goodwill and other intangible assets | (10,393) | (10,442) | (10,496) | (6,142) | (5,611) | ||||||||||||||||||||||||
Deferred tax liability on other intangible assets (1) | 182 | 192 | 203 | 30 | 13 | ||||||||||||||||||||||||
| Total tangible equity | 21,968 | 22,374 | 22,242 | 18,230 | 16,650 | ||||||||||||||||||||||||
| Preferred equity | (2,881) | (2,881) | (2,881) | (2,731) | (2,731) | ||||||||||||||||||||||||
| Total tangible common equity | $ | 19,087 | $ | 19,493 | $ | 19,361 | $ | 15,499 | $ | 13,919 | |||||||||||||||||||
| Total assets | $ | 287,833 | $ | 283,984 | $ | 285,372 | $ | 225,106 | $ | 210,228 | |||||||||||||||||||
| Goodwill and other intangible assets | (10,393) | (10,442) | (10,496) | (6,142) | (5,611) | ||||||||||||||||||||||||
Deferred tax liability on other intangible assets (1) | 182 | 192 | 203 | 30 | 13 | ||||||||||||||||||||||||
| Total tangible assets | $ | 277,622 | $ | 273,734 | $ | 275,079 | $ | 218,994 | $ | 204,630 | |||||||||||||||||||
Shareholders' equity / total assets | 11.2 | % | 11.5 | % | 11.4 | % | 10.8 | % | 10.6 | % | |||||||||||||||||||
| Tangible equity / tangible asset ratio | 7.9 | 8.2 | 8.1 | 8.3 | 8.1 | ||||||||||||||||||||||||
| Tangible common equity / tangible asset ratio | 6.9 | 7.1 | 7.0 | 7.1 | 6.8 | ||||||||||||||||||||||||
Tangible common equity / RWA ratio (2) | 8.9 | 9.1 | 9.3 | 9.3 | 9.3 | ||||||||||||||||||||||||
(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.
(2)Preliminary at September 30, 2026.
Other Data
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||
| 2026 | 2026 | 2026 | 2025 | 2025 | |||||||||||||||||||||||||
| Number of employees (Average full-time equivalent) | 25,898 | 26,407 | 24,641 | 20,924 | 20,247 | ||||||||||||||||||||||||
Number of domestic full-service branches (1) | 1,372 | 1,407 | 1,403 | 1,005 | 972 | ||||||||||||||||||||||||
| ATM Count | 2,015 | 2,016 | 2,043 | 1,591 | 1,569 | ||||||||||||||||||||||||
(1)Includes Regional Banking and The Huntington Private Bank offices.
13
Huntington Bancshares Incorporated
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Return on Average Tangible Common Shareholders' Equity
| Three months ended | Nine months ended | |||||||||||||||||||||||||||||||||||||||||||
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||||||||||||
| Calculation of return on average tangible common shareholders' equity ratio: | ||||||||||||||||||||||||||||||||||||||||||||
| Average Huntington common shareholders' equity | $ | 29,776 | $ | 29,675 | $ | 27,050 | $ | 21,165 | $ | 19,197 | $ | 28,843 | $ | 18,592 | ||||||||||||||||||||||||||||||
| Less: Intangible assets and goodwill, net of tax effect | 10,230 | 10,271 | 9,026 | 6,015 | 5,610 | 9,846 | 5,622 | |||||||||||||||||||||||||||||||||||||
| Average tangible common shareholders' equity (A) | $ | 19,546 | $ | 19,404 | $ | 18,024 | $ | 15,150 | $ | 13,587 | $ | 18,997 | $ | 12,970 | ||||||||||||||||||||||||||||||
| Net income applicable to common shares | $ | 680 | $ | 686 | $ | 482 | $ | 476 | $ | 602 | $ | 1,848 | $ | 1,611 | ||||||||||||||||||||||||||||||
| Add: Amortization of intangibles, net of deferred tax | 39 | 42 | 33 | 10 | 8 | 114 | 26 | |||||||||||||||||||||||||||||||||||||
| Tangible net income applicable to common shares | $ | 719 | $ | 728 | $ | 515 | $ | 486 | $ | 610 | $ | 1,962 | $ | 1,637 | ||||||||||||||||||||||||||||||
| Add: Notable Items, after tax | 98 | 116 | 216 | 99 | (13) | 430 | 8 | |||||||||||||||||||||||||||||||||||||
| Adjusted net income applicable to common shares, excluding Notable Items | $ | 817 | $ | 844 | $ | 731 | $ | 585 | $ | 597 | $ | 2,392 | $ | 1,645 | ||||||||||||||||||||||||||||||
| Tangible net income applicable to common shares, annualized (B) | $ | 2,853 | $ | 2,920 | $ | 2,089 | $ | 1,928 | $ | 2,420 | $ | 2,623 | $ | 2,189 | ||||||||||||||||||||||||||||||
| Adjusted net income applicable to common shares, excluding Notable Items, annualized (C) | 3,241 | 3,385 | 2,965 | 2,320 | 2,369 | 3,198 | 2,199 | |||||||||||||||||||||||||||||||||||||
| Return on average tangible common shareholders' equity (B/A) | 14.6 | % | 15.1 | % | 11.6 | % | 12.7 | % | 17.8 | % | 13.8 | % | 16.9 | % | ||||||||||||||||||||||||||||||
| Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A) | 16.6 | % | 17.5 | % | 16.4 | % | 15.3 | % | 17.4 | % | 16.8 | % | 17.0 | % | ||||||||||||||||||||||||||||||
Efficiency Ratio
| Three months ended | Nine months ended | |||||||||||||||||||||||||||||||||||||||||||
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Sep 30, | Sep 30, | ||||||||||||||||||||||||||||||||||||||
| (amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | 2026 | 2025 | |||||||||||||||||||||||||||||||||||||
| Noninterest expense (GAAP) | $ | 1,772 | $ | 1,809 | $ | 1,774 | $ | 1,420 | $ | 1,246 | $ | 5,355 | $ | 3,595 | ||||||||||||||||||||||||||||||
| Less: Intangible amortization | 49 | 54 | 41 | 13 | 11 | 144 | 33 | |||||||||||||||||||||||||||||||||||||
| Noninterest expense less amortization of intangibles (non-GAAP) | $ | 1,723 | $ | 1,755 | $ | 1,733 | $ | 1,407 | $ | 1,235 | $ | 5,211 | $ | 3,562 | ||||||||||||||||||||||||||||||
| Net interest income | $ | 2,069 | $ | 2,052 | $ | 1,891 | $ | 1,592 | $ | 1,506 | $ | 6,012 | $ | 4,399 | ||||||||||||||||||||||||||||||
| Noninterest income | 722 | 785 | 682 | 582 | 628 | 2,189 | 1,593 | |||||||||||||||||||||||||||||||||||||
| Total Revenue (GAAP) | 2,791 | 2,837 | 2,573 | 2,174 | 2,134 | 8,201 | 5,992 | |||||||||||||||||||||||||||||||||||||
Add: FTE adjustment (1) | 21 | 20 | 19 | 17 | 17 | 60 | 48 | |||||||||||||||||||||||||||||||||||||
| Less: Gains (losses) on sales of securities | — | 2 | 13 | — | — | 15 | (58) | |||||||||||||||||||||||||||||||||||||
| FTE revenue less gains (losses) on sales of securities (non-GAAP) | $ | 2,812 | $ | 2,855 | $ | 2,579 | $ | 2,191 | $ | 2,151 | $ | 8,246 | $ | 6,098 | ||||||||||||||||||||||||||||||
Efficiency Ratio (2) | 61.2 | % | 61.5 | % | 67.2 | % | 64.2 | % | 57.4 | % | 63.2 | % | 58.4 | % | ||||||||||||||||||||||||||||||
(1)Calculated on an FTE basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(2)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding gains (losses) on sales of securities, which represents a non-GAAP measure.
14
Huntington Bancshares Incorporated
Reconciliation of Non-GAAP Financial Measures (continued)
(Unaudited)
Pre-Provision Net Revenue (PPNR)
| Three months ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollar amounts in millions) | 2026 | 2026 | 2026 | 2025 | 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue (GAAP) | $ | 2,791 | $ | 2,837 | $ | 2,573 | $ | 2,174 | $ | 2,134 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Add: FTE adjustment (1) | 21 | 20 | 19 | 17 | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total FTE revenue (non-GAAP) | 2,812 | 2,857 | 2,592 | 2,191 | 2,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Less: Noninterest expense | 1,772 | 1,809 | 1,774 | 1,420 | 1,246 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PPNR | $ | 1,040 | $ | 1,048 | $ | 818 | $ | 771 | $ | 905 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15