# EDGAR Filing Document

**Accession Number:** 0000049196
**File Stem:** 0000049196-25-000057
**Filing Date:** 2025-7
**Character Count:** 164585
**Document Hash:** 7c600225829bafbc97ad0e5f2ab0fe57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000049196-25-000057.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0000049196-25-000057

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250718

**DATE AS OF CHANGE**: 20250718

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Veritex Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001501570
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 270973566
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36682
- **FILM NUMBER:** 251132609

**BUSINESS ADDRESS:**
- **STREET 1:** 8214 WESTCHESTER DRIVE
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225
- **BUSINESS PHONE:** 972-349-6200

**MAIL ADDRESS:**
- **STREET 1:** 8214 WESTCHESTER DRIVE
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HUNTINGTON BANCSHARES INC /MD/
- **CENTRAL INDEX KEY:** 0000049196
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 310724920
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** HUNTINGTON CTR
- **STREET 2:** 41 S HIGH ST HC0917
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43287
- **BUSINESS PHONE:** 6144802265

**MAIL ADDRESS:**
- **STREET 1:** HUNTINGTON CENTER
- **STREET 2:** 41 S HIGH ST HC0917
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43287

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUNTINGTON BANCSHARES INC/MD
- **DATE OF NAME CHANGE:** 19920703

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

______________________________________________________________________________________________________________________________

**FORM 8-K** 

_______________________________________________________________________________________________________________________________

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported) July 18, 2025** 

______________________________________________________________________________________________________________________________

![huntington_exceptionxlogox.jpg](huntington_exceptionxlogox.jpg)

**Huntington Bancshares Incorporated** 

**(Exact name of registrant as specified in its charter)**

_______________________________________________________________________________________________________________________________

---

| | | |
|:---|:---|:---|
| **Maryland** | **1-34073** | **31-0724920** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

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

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

**Not Applicable**

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

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

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

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

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

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

_______________________________________________________________________________________________________________________________

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

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| | | |
|:---|:---|:---|
| Title of class | Trading<br>Symbol(s) | Name of exchange on which registered |
| **Depositary Shares (each representing a 1/40th interest in a share of 4.500% Series H Non-Cumulative, perpetual preferred stock)** | **HBANP** | **NASDAQ** |
| **Depositary Shares (each representing a 1/1000th interest in a share of 5.70% Series I Non-Cumulative, perpetual preferred stock)** | **HBANM** | **NASDAQ** |
| **Depositary Shares (each representing a 1/40th interest in a share of 6.875% Series J Non-Cumulative, perpetual preferred stock)** | **HBANL** | **NASDAQ** |
| **Common Stock—Par Value $0.01 per Share** | **HBAN** | **NASDAQ** |

---

---

| | | |
|:---|:---|:---|
| 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). | 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). | 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. ☐ | 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. ☐ | 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. ☐ |

---

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**Item 2.02. &nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.** 

On July 18, 2025, Huntington Bancshares Incorporated ("Huntington") issued a news release announcing its earnings for the quarter ended June 30, 2025. Also on July 18, 2025, Huntington made a Quarterly Financial Supplement available in the Investor Relations section of Huntington's website. Copies of Huntington's news release and quarterly financial supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference in this Item 2.02.

Huntington's senior management will host an earnings conference call on July 18, 2025, at 11:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13754784. Slides will be available in the Investor Relations section of Huntington's website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately two hours after the completion of the call through July 26, 2025 at (877) 660-6853 or (201) 612-7415; conference ID #13754784.

**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 about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Huntington Bancshares Incorporated ("Huntington") and Veritex Holdings, Inc. ("Veritex"), the expected timing of completion of the transaction, and other statements that are not historical facts and are subject to numerous assumptions, risks, and uncertainties that are beyond the control of Huntington and Veritex. Such statements are subject to numerous assumptions, risks, estimates, uncertainties and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements, including as a result of the factors referenced below. 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.

Huntington and Veritex caution that the forward-looking statements in this communication are not guarantees of future performance and involve a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many instances, beyond Huntington's and Veritex's control. 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, 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 matters, 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 FDIC special assessments, long-term debt requirements and heightened capital requirements, and 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 uninsured 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; the effects of social media on market perceptions of us and banks generally; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the 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

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services including those implementing our "Fair Play" banking philosophy; 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 SEC, OCC, Federal Reserve, FDIC, CFPB, and state-level regulators; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement between Huntington and Veritex; the outcome of any legal proceedings that may be instituted against Huntington or Veritex; delays in completing the transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the failure to obtain Veritex shareholder approval or to satisfy any of the other conditions to the transaction on a timely basis or at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Huntington and Veritex do business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business, customer or employee relationships, including those resulting from the announcement or completion of the transaction; the ability to complete the transaction and integration of Huntington and Veritex successfully; the dilution caused by Huntington's issuance of additional shares of its capital stock in connection with the transaction; and other factors that may affect the future results of Huntington and Veritex. Additional factors that could cause results to differ materially from those described above can be found in Huntington's Annual Report on Form 10-K for the year ended December 31, 2024 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2025, each of which is on file with the Securities and Exchange Commission (the "SEC") and available in the "Investor Relations" section of Huntington's website http://www.huntington.com, under the heading "Investor Relations" and in other documents Huntington files with the SEC, and in Veritex's Annual Report on Form 10-K for the year ended December 31, 2024 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2025, each of which is on file with the SEC and available on Veritex's investor relations website, ir.veritexbank.com, under the heading "Financials" and in other documents Veritex files with the SEC.

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. Neither Huntington nor Veritex 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 or Veritex update one or more forward-looking statements, no inference should be drawn that Huntington or Veritex 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.

**IMPORTANT ADDITIONAL INFORMATION**

In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of Veritex and a Prospectus of Huntington, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving Huntington and Veritex will be submitted to Veritex's shareholders for their consideration. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS AND SHAREHOLDERS OF VERITEX ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN

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IMPORTANT INFORMATION. Shareholders will be able to obtain a free copy of the definitive proxy statement/prospectus, as well as other filings containing information about Huntington and Veritex, without charge, at the SEC's website (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Huntington Investor Relations, Huntington Bancshares Incorporated, Huntington Center, 41 South High Street, Columbus, Ohio 43287, (800) 576-5007 or to Veritex Investor Relations, Veritex Holdings, Inc., 8214 Westchester Drive, Suite 800, Dallas, Texas 75225, (972) 349-6200.

**PARTICIPANTS IN THE SOLICITATION**

Huntington, Veritex, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Veritex in connection with the proposed transaction under the rules of the SEC. Information regarding the interests of the directors and executive officers of Huntington and Veritex and other persons who may be deemed to be participants in the solicitation of shareholders of Veritex in connection with the transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement/prospectus related to the transaction, which will be filed by Huntington with the SEC. Information regarding Huntington's directors and executive officers is available in its definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on March 6, 2025, and other documents filed by Huntington with the SEC. Information regarding Veritex's directors and executive officers is available in its definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 29, 2025, and other documents filed by Veritex with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described above under "Important Additional Information."

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.

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**Item 9.01. &nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

Exhibit 99.1 – News release of Huntington Bancshares Incorporated, dated July 18, 2025.

Exhibit 99.2 – Quarterly Financial Supplement, June 30, 2025.

**EXHIBIT INDEX**

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| | |
|:---|:---|
| Exhibit No. | Description |
| <u>[Exhibit 99.1](hban20250630_8kex991.htm)</u> | <u>[News release of Huntington Bancshares Incorporated, dated July 18, 2025](hban20250630_8kex991.htm)</u> |
| <u>[Exhibit 99.2](hban20250630_8kex992.htm)</u> | <u>[Quarterly Financial Supplement, June 30, 2025](hban20250630_8kex992.htm)</u> |
| Exhibit 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |

---

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**SIGNATURES**

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 | HUNTINGTON BANCSHARES INCORPORATED |
| Date: | July 18, 2025 | By: | /s/ Zachary Wasserman |
|  |  |  | Zachary Wasserman |
|  |  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![huntington_exceptionxlogoxb.jpg](huntington_exceptionxlogoxb.jpg)

**July 18, 2025**

**Analysts:** Eric Wasserstrom (eric.wasserstrom@huntington.com), 312.762.2155

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

**Huntington Bancshares Incorporated Reports 2025 Second-Quarter Earnings**

***Q2 Results Highlighted by Growth in Key Strategic Fee Revenues and Net Interest Income, Driven by Strong Loan Growth and Expanded Net Interest Margin***

**2025 Second-Quarter Highlights:**

• Earnings per common share (EPS) for the quarter was $0.34, unchanged from the prior quarter, and $0.04 higher than the year-ago quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The quarter included $0.04 of impact to EPS resulting from a $58 million decrease in pre-tax earnings from a securities repositioning and Notable Items that decreased pre-tax earnings by $3 million.

• Net interest income increased $41 million, or 3%, from the prior quarter, and $155 million, or 12%, from the year-ago quarter.

• Noninterest income decreased $23 million, or 5%, from the prior quarter, to $471 million. From the year-ago quarter, noninterest income decreased $20 million, or 4%. Excluding the loss on the repositioning of securities and impact of credit risk transfer transactions, noninterest income increased $37 million, or 7%, from the prior quarter and $34 million, or 7%, from the year-ago quarter.

• Average total loans and leases increased $2.3 billion, or 2%, from the prior quarter to $133.2 billion, and increased $9.8 billion, or 8%, from the year-ago quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Average commercial loans grew $1.6 billion, or 2%, from the prior quarter and $6.7 billion, or 10%, from the year-ago quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Average consumer loans grew $725 million, or 1%, from the prior quarter and $3.1 billion, or 6%, from the year-ago quarter.

• Average total deposits increased $1.8 billion, or 1%, from the prior quarter and $9.9 billion, or 6%, from the year-ago quarter.

• Net charge-offs of 0.20% of average total loans and leases for the quarter, 6 basis points lower than the prior quarter.

• Nonperforming asset ratio of 0.63% at quarter end, 2 basis points higher than the prior quarter.

• Allowance for credit losses (ACL) of $2.5 billion, or 1.86% of total loans and leases, at quarter end, an increase of $37 million from the prior quarter.

• Common Equity Tier 1 (CET1) risk-based capital ratio was 10.5%, at June 30, 2025, compared to 10.6% in the prior quarter. Adjusted Common Equity Tier 1, including the impact of AOCI excluding cash flow hedges, was 9.0%, up from 8.9% in the prior quarter.

• Tangible common equity (TCE) ratio of 6.6%, up from 6.3% in the prior quarter and 6.0% from a year ago.

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• Tangible book value per share of $9.13, up $0.33, or 4%, from the prior quarter and up $1.24, or 16%, from a year ago.

• Announced combination with Veritex Holdings, Inc., which will accelerate Huntington's organic growth initiatives in the dynamic Texas market.

COLUMBUS, Ohio – Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2025 second quarter of $536 million, or $0.34 per common share, an increase of $9 million, or 2%, from the prior quarter, and an increase of $62 million, or 13%, from the year-ago quarter.

Return on average assets was 1.04%, return on average common equity was 11.0%, and return on average tangible common equity (ROTCE) was 16.1%. Excluding the impact of the securities repositioning and Notable Items, ROTCE was 17.6%.

**CEO Commentary:**

"Our second quarter results reflect the ongoing successful execution of our organic growth strategy." said Steve Steinour, chairman, president, and CEO. "We are acquiring new customers, deepening relationships, and expanding both net interest income and fee-based revenue through the strength of our product suite and capabilities."

"Our sustained growth reflects focused execution across both our core businesses and new growth initiatives. We are leveraging our scale as we further expand our well-diversified loan portfolio and continue to deepen client relationships. We have seen both loans and deposits growth of approximately $10 billion over the last year. Our commercial specialty banking teams are delivering solid results, as we broaden capabilities and extend our national reach. The Huntington brand is gaining traction and attracting clients in our newer markets—North and South Carolina and Texas, where the combination with Veritex further supports our long-term growth ambitions."

"Credit continues to perform well, demonstrated by improved net-charge offs and stable levels of criticized and non-performing assets. This is evidence of our disciplined credit risk management and client selection."

"We remain confident in our ability to execute our strategy and sustain strong growth, while maintaining our disciplined approach to risk management. We have never been better positioned."

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***Table 1 – Earnings Performance Summary***

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 |
| *<u>(in millions, except per share data)</u>* | Second | First | Fourth | Third | Second |
| *<u>(in millions, except per share data)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter |
| Net income attributable to Huntington | $536 | $527 | $530 | $517 | $474 |
| Diluted earnings per common share | 0.34 | 0.34 | 0.34 | 0.33 | 0.30 |
| Return on average assets | 1.04% | 1.04% | 1.05% | 1.04% | 0.98% |
| Return on average common equity | 11.0 | 11.3 | 11.0 | 10.8 | 10.4 |
| Return on average tangible common equity | 16.1 | 16.7 | 16.4 | 16.2 | 16.1 |
| Net interest margin | 3.11 | 3.10 | 3.03 | 2.98 | 2.99 |
| Efficiency ratio | 59.0 | 58.9 | 58.6 | 59.4 | 60.8 |
| Tangible book value per common share | $9.13 | $8.80 | $8.33 | $8.65 | $7.89 |
| Cash dividends declared per common share | 0.155 | 0.155 | 0.155 | 0.155 | 0.155 |
| Average earning assets | $191092 | $188299 | $185222 | $181891 | $178062 |
| Average loans and leases | 133171 | 130862 | 128158 | 124507 | 123376 |
| Average total deposits | 163429 | 161600 | 159405 | 156488 | 153578 |
| Tangible common equity / tangible assets ratio | 6.6% | 6.3% | 6.1% | 6.4% | 6.0% |
| Common equity Tier 1 risk-based capital ratio *(1)* | 10.5 | 10.6 | 10.5 | 10.4 | 10.4 |
| NCOs as a % of average loans and leases | 0.20% | 0.26% | 0.30% | 0.30% | 0.29% |
| NAL ratio | 0.62 | 0.56 | 0.60 | 0.58 | 0.59 |
| ACL as a % of total loans and leases | 1.86 | 1.87 | 1.88 | 1.93 | 1.95 |

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*(1)June 30, 2025 figure is estimated.*

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

***Table 2 – Notable Items Influencing Earnings***

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| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Pretax Impact *(1)* | After-tax Impact *(1)* | After-tax Impact *(1)* |
| *<u>($ in millions, except per share)</u>* | *<u>($ in millions, except per share)</u>* | Amount | Net Income | EPS *(2)* |
| **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |  | $536 | $0.34 |
| **•** | FDIC Deposit Insurance Fund (DIF) special assessment *(3)* | $3 | $2 | $— |
| **•** | Staffing efficiencies expense *(4)* | (6) | (5) | (0.01) |
| **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |  | $527 | $0.34 |
| **•** | FDIC DIF special assessment *(3)* | $(3) | $(2) | $— |
| **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** |  | $474 | $0.30 |
| **•** | FDIC DIF special assessment *(3)* | $(6) | $(5) |  |

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*(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 deposit and other insurance expense.*

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

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**<u>Net Interest Income, Net Interest Margin, and Average Balance Sheet</u>**

***Table 3 – Net Interest Income and Total Revenue***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| *<u>($ in millions)</u>* | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in millions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| Net interest income | $1467 | $1426 | $1395 | $1351 | $1312 | 3% | 12% |
| FTE adjustment | 16 | 15 | 14 | 13 | 13 | 7 | 23 |
| Net interest income - FTE | 1483 | 1441 | 1409 | 1364 | 1325 | 3 | 12 |
| Noninterest income | 471 | 494 | 559 | 523 | 491 | (5) | (4) |
| Total revenue - FTE | $1954 | $1935 | $1968 | $1887 | $1816 | 1% | 8% |

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***Table 4 – Net Interest Margin Summary***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| | Second | First | Fourth | Third | Second | Change (bp) | Change (bp) |
| Yield / Cost | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| Total earning assets | 5.40% | 5.39% | 5.42% | 5.62% | 5.62% | 1 | (22) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 5.91 | 5.87 | 5.89 | 6.05 | 6.01 | 4 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total securities | 3.95 | 4.01 | 4.10 | 4.26 | 4.29 | (6) | (34) |
| Total interest-bearing liabilities | 2.85 | 2.86 | 3.01 | 3.32 | 3.34 | (1) | (49) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2.46 | 2.48 | 2.65 | 2.94 | 2.94 | (2) | (48) |
| Net interest rate spread | 2.55 | 2.53 | 2.41 | 2.30 | 2.28 | 2 | 27 |
| Impact of noninterest-bearing funds on margin | 0.56 | 0.57 | 0.62 | 0.68 | 0.71 | (1) | (15) |
| Net interest margin | 3.11% | 3.10% | 3.03% | 2.98% | 2.99% | 1 | 12 |

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*See Page 9 of Quarterly Financial Supplement for additional detail.*

Fully-taxable equivalent (FTE) net interest income for the 2025 second quarter increased $158 million, or 12%, from the 2024 second quarter. The results primarily reflect a $13.0 billion, or 7%, increase in average earning assets and a 12 basis point increase in the net interest margin (NIM) to 3.11%, partially offset by a $12.9 billion, or 9%, increase in average interest-bearing liabilities. The 12 basis point increase in NIM reflected net hedging activity and a decrease in cost of funding, partially offset by a decrease in yields on interest earning assets.

Compared to the 2025 first quarter, FTE net interest income increased $42 million, or 3%, driven by an increase in average earning assets of $2.8 billion, or 1%, and an increase in NIM of 1 basis point to 3.11%, partially offset by an increase in average interest-bearing liabilities of $2.2 billion, or 1%.

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***Table 5 – Average Earning Assets***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| *<u>($ in billions)</u>* | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in billions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $59.4 | $57.6 | $55.1 | $52.2 | $51.7 | 3% | 15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 10.8 | 11.0 | 11.3 | 11.7 | 12.2 | (2) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 5.5 | 5.5 | 5.4 | 5.2 | 5.1 |  | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 75.6 | 74.1 | 71.8 | 69.1 | 69.0 | 2 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 24.4 | 24.3 | 24.1 | 24.1 | 23.9 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 15.1 | 14.7 | 14.4 | 13.6 | 13.0 | 3 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 10.2 | 10.1 | 10.1 | 10.1 | 10.1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5.9 | 6.0 | 6.0 | 6.0 | 6.0 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 1.9 | 1.8 | 1.7 | 1.6 | 1.5 | 5 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 57.5 | 56.8 | 56.3 | 55.4 | 54.4 | 1 | 6 |
| Total loans and leases | 133.2 | 130.9 | 128.2 | 124.5 | 123.4 | 2 | 8 |
| Total securities | 44.9 | 45.2 | 45.4 | 44.2 | 43.0 | (1) | 4 |
| Interest-earning deposits with banks | 12.3 | 11.6 | 11.0 | 12.5 | 11.1 | 5 | 10 |
| Other earning assets | 0.7 | 0.6 | 0.7 | 0.7 | 0.6 | 28 | 30 |
| Total earning assets | $191.1 | $188.3 | $185.2 | $181.9 | $178.1 | 1% | 7% |

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*See Page 7 of Quarterly Financial Supplement for additional detail.*

Average earning assets for the 2025 second quarter increased $13.0 billion, or 7%, from the year-ago quarter, primarily reflecting a $9.8 billion, or 8%, increase in average total loans and leases and a $1.9 billion, or 4%, increase in average total securities. Average loan and lease balance increases were led by growth in average commercial loans of $6.7 billion, or 10%, primarily driven by a $7.7 billion, or 15%, increase in average commercial and industrial loans, partially offset by a $1.4 billion, or 11%, decrease in average commercial real estate loans. Additionally, average consumer loans increased by $3.1 billion, or 6%, primarily driven by a $2.1 billion, or 16%, increase in average automobile loans.

Compared to the 2025 first quarter, average earning assets increased $2.8 billion, or 1%, primarily reflecting a $2.3 billion, or 2%, increase in average total loans and leases. Average loan and lease balance increases were driven by an increase in average commercial loan balances of $1.6 billion, or 2%, primarily driven by a $1.8 billion, or 3%, increase in average commercial and industrial loans. Average consumer loans increased $725 million, or 1%, primarily due to an increase in average automobile loans.

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***Table 6 – Liabilities***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in billions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| ***Average balances:*** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - noninterest-bearing | $29.2 | $28.9 | $29.6 | $28.8 | $29.6 | 1% | (1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | 44.7 | 43.6 | 41.8 | 41.9 | 39.4 | 3 | 13 |
| &nbsp;&nbsp;Total demand deposits | 73.9 | 72.5 | 71.4 | 70.7 | 69.0 | 2 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 61.1 | 60.2 | 58.3 | 55.5 | 53.6 | 1 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 15.1 | 14.9 | 14.6 | 14.9 | 15.4 | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 13.3 | 14.0 | 15.1 | 15.3 | 15.6 | (5) | (15) |
| Total deposits | $163.4 | $161.6 | $159.4 | $156.5 | $153.6 | 1% | 6% |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | $1.3 | $1.4 | $1.2 | $0.8 | $1.2 | (12)% | 4% |
| &nbsp;&nbsp;&nbsp;Long-term debt | 17.8 | 16.9 | 16.1 | 15.9 | 15.1 | 5 | 17 |
| Total debt | $19.1 | $18.3 | $17.3 | $16.7 | $16.3 | 4% | 16% |
| Total interest-bearing liabilities | $153.2 | $151.0 | $147.2 | $144.4 | $140.3 | 1% | 9% |
| Total liabilities | 187.3 | 185.0 | 181.8 | 178.1 | 175.3 | 1 | 7 |

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*See Page 7 of Quarterly Financial Supplement for additional detail.*

Average total liabilities for the 2025 second quarter increased $12.0 billion, or 7%, from the year-ago quarter, driven by increases in average total deposits of $9.9 billion, or 6%, and in average total debt of $2.7 billion, or 16%.

Compared to the 2025 first quarter, average total liabilities increased $2.2 billion, or 1%, driven by increases in average total deposits of $1.8 billion, or 1%, and in average total debt of $697 million, or 4%.

**<u>Noninterest Income</u>**

***Table 7 – Noninterest Income***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in millions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| Payments and cash management revenue | $165 | $155 | $162 | $158 | $154 | 6% | 7% |
| Wealth and asset management revenue | 102 | 101 | 93 | 93 | 90 | 1 | 13 |
| Customer deposit and loan fees | 95 | 86 | 88 | 86 | 83 | 10 | 14 |
| Capital markets and advisory fees | 84 | 67 | 120 | 78 | 73 | 25 | 15 |
| Mortgage banking income | 28 | 31 | 31 | 38 | 30 | (10) | (7) |
| Leasing revenue | 10 | 14 | 19 | 19 | 19 | (29) | (47) |
| Insurance income | 19 | 20 | 22 | 18 | 18 | (5) | 6 |
| Net gains (losses) on sales of securities | (58) |  | (21) |  |  | NM | NM |
| Other noninterest income | 26 | 20 | 45 | 33 | 24 | 30 | 8 |
| Total noninterest income | $471 | $494 | $559 | $523 | $491 | (5)% | (4)% |
| Additional information: |  |  |  |  |  |  |  |
| *Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income)* | $(5) | $(3) | $— | $(8) | $(9) | 67% | (44)% |

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NM - Not Meaningful

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During the quarter, Huntington sold approximately $900 million of corporate debt investment securities, resulting in a pre-tax loss of $58 million. Huntington has completed the re-investment of proceeds within the quarter, re-investing in 0% risk-weighted investment securities, with an expected earn-back from the transaction of less than 3 years.

Total noninterest income for the 2025 second quarter decreased $20 million, or 4%, from the year-ago quarter. The 2025 second quarter included a $58 million loss on the sale of investment securities discussed previously and $5 million of contra revenue related to premium costs and mark-to-market associated with credit risk transfer transactions, while the 2024 second quarter included $9 million of contra revenue related to the credit risk transfer transactions. Excluding the impact from these items, noninterest income increased $34 million, or 7%. Wealth and asset management revenue increased $12 million, or 13%, largely due to higher trust and investment management income. Customer deposit and loan fees increased $12 million, or 14%, primarily due to higher loan commitment fees. Payments and cash management revenue increased $11 million, or 7%, driven by higher merchant acquiring and cash management revenues. Capital markets and advisory fees increased $11 million, or 15%, primarily due to commercial loan production related activities. These increases were partially offset by a decrease in leasing revenue of $9 million, or 47%, due to lower operating lease income and income on terminated leases.

Total noninterest income decreased $23 million, or 5%, compared to the 2025 first quarter. The 2025 second quarter included a $58 million loss on the sale of investment securities discussed previously and $5 million of contra revenue related to premium costs and mark-to-market associated with credit risk transfer transactions, while the 2025 first quarter included $3 million of contra revenue related to the credit risk transfer transactions. Excluding the impact from these items, noninterest income increased $37 million, or 7%. Capital markets and advisory fees increased $17 million, or 25%, primarily due to higher advisory fees. Payments and cash management revenue increased $10 million, or 6%, primarily due to higher card transaction revenue. Customer deposit and loan fees increased $9 million, or 10%, primarily due to higher deposit and loan commitment fees.

**<u>Noninterest Expense</u>**

***Table 8 – Noninterest Expense***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in millions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| Personnel costs | $722 | $671 | $715 | $684 | $663 | 8% | 9% |
| Outside data processing and other services | 182 | 170 | 167 | 167 | 165 | 7 | 10 |
| Equipment | 68 | 67 | 70 | 65 | 62 | 1 | 10 |
| Net occupancy | 54 | 65 | 56 | 57 | 51 | (17) | 6 |
| Marketing | 28 | 29 | 28 | 33 | 27 | (3) | 4 |
| Deposit and other insurance expense | 20 | 37 | 20 | 15 | 25 | (46) | (20) |
| Professional services | 22 | 22 | 27 | 21 | 26 |  | (15) |
| Amortization of intangibles | 11 | 11 | 12 | 11 | 12 |  | (8) |
| Lease financing equipment depreciation | 2 | 4 | 3 | 4 | 4 | (50) | (50) |
| Other noninterest expense | 88 | 76 | 80 | 73 | 82 | 16 | 7 |
| Total noninterest expense | $1197 | $1152 | $1178 | $1130 | $1117 | 4% | 7% |
| *<u>(in thousands)</u>* |  |  |  |  |  |  |  |
| Average full-time equivalent employees | 20.2 | 20.1 | 20.0 | 20.0 | 19.9 | —% | 2% |

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***Table 9 - Impact of Notable Items***

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 |
| | Second | First | Fourth | Third | Second |
| *<u>($ in millions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter |
| Personnel costs | $6 | $— | $— | $12 | $— |
| Net occupancy |  |  |  | 1 |  |
| Deposit and other insurance expense | (3) | 3 | (3) | (7) | 6 |
| Total noninterest expense | $3 | $3 | $(3) | $6 | $6 |

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***Table 10 - Adjusted Noninterest Expense (Non-GAAP)***

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 | | |
| | Second | First | Fourth | Third | Second | Change (%) | Change (%) |
| *<u>($ in millions)</u>* | Quarter | Quarter | Quarter | Quarter | Quarter | LQ | YOY |
| Personnel costs | $716 | $671 | $715 | $672 | $663 | 7% | 8% |
| Outside data processing and other services | 182 | 170 | 167 | 167 | 165 | 7 | 10 |
| Equipment | 68 | 67 | 70 | 65 | 62 | 1 | 10 |
| Net occupancy | 54 | 65 | 56 | 56 | 51 | (17) | 6 |
| Marketing | 28 | 29 | 28 | 33 | 27 | (3) | 4 |
| Deposit and other insurance expense | 23 | 34 | 23 | 22 | 19 | (32) | 21 |
| Professional services | 22 | 22 | 27 | 21 | 26 |  | (15) |
| Amortization of intangibles | 11 | 11 | 12 | 11 | 12 |  | (8) |
| Lease financing equipment depreciation | 2 | 4 | 3 | 4 | 4 | (50) | (50) |
| Other noninterest expense | 88 | 76 | 80 | 73 | 82 | 16 | 7 |
| Total adjusted noninterest expense | $1194 | $1149 | $1181 | $1124 | $1111 | 4% | 7% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Reported total noninterest expense for the 2025 second quarter increased $80 million, or 7%, from the year-ago quarter. Excluding the impact from Notable Items, noninterest expense increased $83 million, or 7%, primarily driven by higher personnel costs of $53 million, or 8%, due to higher incentive compensation and salary expense, and outside data processing and other services increased $17 million, or 6%, primarily reflecting higher technology and data expense.

Reported total noninterest expense increased $45 million, or 4%, from the 2025 first quarter. Excluding the impact from Notable Items, noninterest expense increased $45 million, or 4%, primarily driven by higher personnel costs of $45 million, or 7%, due primarily to higher incentive compensation and salary expense, and an increase in outside data process and other services of $12 million, or 7%, driven by higher technology and data expense. Partially offsetting these increases, deposit and other insurance expense decreased $11 million, or 32%, impacted by non-recurring adjustments to FDIC insurance expense in the prior quarter, and net occupancy decreased $11 million, or 17%, largely due to lower building services expense.

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**<u>Credit Quality</u>**

***Table 11 – Credit Quality Metrics***

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 |
| *<u>($ in millions)</u>* | June 30, | March 31, | December 31, | September 30, | June 30, |
| Total nonaccrual loans and leases | $842 | $748 | $783 | $738 | $733 |
| Total other real estate, net | 10 | 8 | 8 | 8 | 10 |
| Other NPAs *(1)* |  | 48 | 31 | 38 | 37 |
| Total nonperforming assets | 852 | 804 | 822 | 784 | 780 |
| Accruing loans and leases past due 90+ days | 241 | 220 | 239 | 224 | 175 |
| NPAs + accruing loans & leases past due 90+ days | $1093 | $1024 | $1061 | $1008 | $955 |
| NAL ratio *(2)* | 0.62% | 0.56% | 0.60% | 0.58% | 0.59% |
| NPA ratio *(3)* | 0.63 | 0.61 | 0.63 | 0.62 | 0.63 |
| (NPAs+90 days)/(Loans+OREO) | 0.81 | 0.77 | 0.82 | 0.80 | 0.77 |
| Provision for credit losses | $103 | $115 | $107 | $106 | $100 |
| Net charge-offs | 66 | 86 | 97 | 93 | 90 |
| Net charge-offs / Average total loans and leases | 0.20% | 0.26% | 0.30% | 0.30% | 0.29% |
| Allowance for loans and lease losses (ALLL) | $2331 | $2263 | $2244 | $2235 | $2304 |
| Allowance for unfunded lending commitments | 184 | 215 | 202 | 201 | 119 |
| Allowance for credit losses (ACL) | $2515 | $2478 | $2446 | $2436 | $2423 |
| ALLL as a % of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 1.73% | 1.71% | 1.73% | 1.77% | 1.85% |
| &nbsp;&nbsp;&nbsp;NALs | 277 | 302 | 286 | 303 | 314 |
| &nbsp;&nbsp;&nbsp;NPAs | 274 | 281 | 273 | 285 | 296 |
| ACL as a % of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 1.86% | 1.87% | 1.88% | 1.93% | 1.95% |
| &nbsp;&nbsp;&nbsp;NALs | 299 | 331 | 312 | 330 | 331 |
| &nbsp;&nbsp;&nbsp;NPAs | 295 | 308 | 297 | 311 | 311 |

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

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

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

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

Nonperforming assets (NPAs) were $852 million, or 0.63%, of total loans and leases, OREO and other NPAs, compared to $780 million, or 0.63%, a year-ago. Nonaccrual loans and leases (NALs) were $842 million, or 0.62% of total loans and leases, compared to $733 million, or 0.59% of total loans and leases, a year-ago. The increase in NPAs was driven by an increase in commercial and industrial NALs, partially offset by decreases in commercial real estate NALs and other NPAs. On a linked quarter basis, NPAs increased $48 million, and NALs increased $94 million, or 13%. The increase in NPAs was primarily driven by increases in commercial and industrial and commercial real estate NALs, partially offset by a decrease in other NPAs.

The provision for credit losses increased $3 million year-over-year and decreased $12 million quarter-over-quarter to $103 million in the 2025 second quarter. Net charge-offs (NCOs) decreased $24 million year-over-year and $20 million quarter-over-quarter to $66 million. NCOs represented an annualized 0.20% of average loans and leases in the current quarter, down from 0.29% and 0.26% in the year-ago quarter and prior quarter, respectively. Commercial and consumer net charge-offs were 0.16% and 0.25%, respectively, for the 2025 second quarter.

The allowance for loan and lease losses (ALLL) increased $27 million from the year-ago quarter to $2.3 billion, or 1.73% of total loans and leases. The allowance for credit losses (ACL) increased by $92 million from the year-ago quarter to $2.5 billion, or 1.86% of total loans and leases, 1 basis point lower than the prior quarter and 8 basis points lower than the year-ago quarter.

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**<u>Capital</u>**

***Table 12 – Capital Ratios***

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | 2025 | 2025 | 2024 | 2024 | 2024 |
| *<u>($ in billions)</u>* | June 30, | March 31, | December 31, | September 30, | June 30, |
| Tangible common equity / tangible assets ratio | 6.6% | 6.3% | 6.1% | 6.4% | 6.0% |
| Common equity tier 1 risk-based capital ratio *(1)* | 10.5 | 10.6 | 10.5 | 10.4 | 10.4 |
| Regulatory Tier 1 risk-based capital ratio *(1)* | 11.8 | 11.9 | 11.9 | 12.1 | 12.1 |
| Regulatory Total risk-based capital ratio *(1)* | 14.1 | 14.3 | 14.3 | 14.1 | 14.3 |
| Total risk-weighted assets *(1)* | $148.6 | $144.6 | $143.7 | $142.5 | $139.4 |

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*(1)June 30, 2025 figures are estimated. The capital ratios reflect Huntington's election to delay the impact of CECL on regulatory capital. As of June 30, 2025 and March 31, 2025, the impact of the CECL deferral was fully phased in, while 75% of the impact of the CECL deferral was phased in at December 31, 2024, September 30, 2024, and June 30, 2024.* 

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

The tangible common equity to tangible assets ratio was 6.6% at June 30, 2025, an increase from 6.3% at March 31, 2025, driven by an increase in tangible common equity from current period earnings, net of dividends, and an improvement in accumulated other comprehensive income. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.5% at June 30, 2025, compared to 10.6% at March 31, 2025, with higher risk-weighted assets during the quarter partially offset by current period earnings, net of dividends.

**<u>Income Taxes</u>**

The provision for income taxes was $96 million in the 2025 second quarter compared to $122 million in the 2025 first quarter. The effective tax rate for the 2025 second quarter was 15.0%, compared to 18.6% for the 2025 first quarter, with the decrease quarter-over-quarter driven by the remeasurement of deferred tax assets for changes in certain state tax laws which were enacted during the three months ended June 30, 2025.

At June 30, 2025, we had a net federal deferred tax asset of $674 million and a net state deferred tax asset of $106 million.

**<u>Conference Call / Webcast Information</u>**

Huntington's senior management will host an earnings conference call on July 18, 2025, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13754784. Slides will be available in the Investor Relations section of Huntington's website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately two hours after the completion of the call through July 26, 2025 at (877) 660-6853 or (201) 612-7415; conference ID #13754784.

*Please see the 2025 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com.*

**<u>About Huntington</u>**

Huntington Bancshares Incorporated is a $208 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates 971 branches in 13 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.

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**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 about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Huntington Bancshares Incorporated ("Huntington") and Veritex Holdings, Inc. ("Veritex"), the expected timing of completion of the transaction, and other statements that are not historical facts and are subject to numerous assumptions, risks, and uncertainties that are beyond the control of Huntington and Veritex. Such statements are subject to numerous assumptions, risks, estimates, uncertainties and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements, including as a result of the factors referenced below. 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.

Huntington and Veritex caution that the forward-looking statements in this communication are not guarantees of future performance and involve a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many instances, beyond Huntington's and Veritex's control. 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, 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 matters, 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 FDIC special assessments, long-term debt requirements and heightened capital requirements, and 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 uninsured 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; the effects of social media on market perceptions of us and banks generally; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the 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; 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 SEC, OCC, Federal Reserve, FDIC, CFPB, and state-level regulators; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement between Huntington and Veritex; the outcome of any legal proceedings that may be instituted against Huntington or Veritex; delays in completing the transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the failure to obtain Veritex shareholder approval or to satisfy any of the other conditions to the transaction on a timely basis or at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Huntington and Veritex do business; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations

------

and opportunities; potential adverse reactions or changes to business, customer or employee relationships, including those resulting from the announcement or completion of the transaction; the ability to complete the transaction and integration of Huntington and Veritex successfully; the dilution caused by Huntington's issuance of additional shares of its capital stock in connection with the transaction; and other factors that may affect the future results of Huntington and Veritex. Additional factors that could cause results to differ materially from those described above can be found in Huntington's Annual Report on Form 10-K for the year ended December 31, 2024 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2025, each of which is on file with the Securities and Exchange Commission (the "SEC") and available in the "Investor Relations" section of Huntington's website http://www.huntington.com, under the heading "Investor Relations" and in other documents Huntington files with the SEC, and in Veritex's Annual Report on Form 10-K for the year ended December 31, 2024 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2025, each of which is on file with the SEC and available on Veritex's investor relations website, ir.veritexbank.com, under the heading "Financials" and in other documents Veritex files with the SEC.

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. Neither Huntington nor Veritex 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 or Veritex update one or more forward-looking statements, no inference should be drawn that Huntington or Veritex 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.

**IMPORTANT ADDITIONAL INFORMATION**

In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of Veritex and a Prospectus of Huntington, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving Huntington and Veritex will be submitted to Veritex's shareholders for their consideration. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS AND SHAREHOLDERS OF VERITEX ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN

IMPORTANT INFORMATION. Shareholders will be able to obtain a free copy of the definitive proxy statement/prospectus, as well as other filings containing information about Huntington and Veritex, without charge, at the SEC's website (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Huntington Investor Relations, Huntington Bancshares Incorporated, Huntington Center, 41 South High Street, Columbus, Ohio 43287, (800) 576-5007 or to Veritex Investor Relations, Veritex Holdings, Inc., 8214 Westchester Drive, Suite 800, Dallas, Texas 75225, (972) 349-6200.

**PARTICIPANTS IN THE SOLICITATION**

Huntington, Veritex, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Veritex in connection with the proposed transaction under the rules of the SEC. Information regarding the interests of the directors and executive officers of Huntington and Veritex and other persons who may be deemed to be participants in the solicitation of shareholders of Veritex in connection with the transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement/prospectus related to the transaction, which will be filed by Huntington with the SEC. Information regarding Huntington's directors and

------

executive officers is available in its definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on March 6, 2025, and other documents filed by Huntington with the SEC. Information regarding Veritex's directors and executive officers is available in its definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 29, 2025, and other documents filed by Veritex with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described above under "Important Additional Information."

**<u>Basis of Presentation</u>**

<u>Use of Non-GAAP Financial Measures</u>

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

<u>Annualized Data</u>

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.

<u>Fully-Taxable Equivalent Interest Income and Net Interest Margin</u>

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.

<u>Rounding</u>

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

<u>Notable Items</u>

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.

## Exhibit 99.2

**Exhibit 99.2**

**HUNTINGTON BANCSHARES INCORPORATED**

**Quarterly Financial Supplement**

**June 30, 2025** 

**<u>**Table of Contents**</u>**

---

| | |
|:---|:---|
| <u>[Quarterly Key Statistics](#ifa9007c9e0774e96b8f23b4484cdef07_13)</u> | <u>[1](#ifa9007c9e0774e96b8f23b4484cdef07_13)</u> |
| <u>[Year](#ifa9007c9e0774e96b8f23b4484cdef07_16)[-](#ifa9007c9e0774e96b8f23b4484cdef07_16)[to](#ifa9007c9e0774e96b8f23b4484cdef07_16)[-](#ifa9007c9e0774e96b8f23b4484cdef07_16)[Date Key Statistics](#ifa9007c9e0774e96b8f23b4484cdef07_16)</u> | <u>[2](#ifa9007c9e0774e96b8f23b4484cdef07_16)</u> |
| <u>[Consolidated Balance Sheets](#ifa9007c9e0774e96b8f23b4484cdef07_22)</u> | <u>[4](#ifa9007c9e0774e96b8f23b4484cdef07_22)</u> |
| <u>[Loans and Leases Composition](#ifa9007c9e0774e96b8f23b4484cdef07_25)</u> | <u>[5](#ifa9007c9e0774e96b8f23b4484cdef07_25)</u> |
| <u>[Deposits Composition](#ifa9007c9e0774e96b8f23b4484cdef07_28)</u> | <u>[6](#ifa9007c9e0774e96b8f23b4484cdef07_28)</u> |
| <u>[Consolidated Quarterly Average Balance Sheets](#ifa9007c9e0774e96b8f23b4484cdef07_34)</u> | <u>[7](#ifa9007c9e0774e96b8f23b4484cdef07_34)</u> |
| <u>[Consolidated Quarterly Net Interest Margin - Interest Income / Expense](#ifa9007c9e0774e96b8f23b4484cdef07_37)</u> | <u>[8](#ifa9007c9e0774e96b8f23b4484cdef07_37)</u> |
| <u>[Consolidated Quarterly Net Interest Margin - Yield](#ifa9007c9e0774e96b8f23b4484cdef07_40)[s](#ifa9007c9e0774e96b8f23b4484cdef07_40)[/](#ifa9007c9e0774e96b8f23b4484cdef07_40)[Rates](#ifa9007c9e0774e96b8f23b4484cdef07_40)</u> | <u>[9](#ifa9007c9e0774e96b8f23b4484cdef07_40)</u> |
| <u>[Selected Quarterly Income Statement Data](#ifa9007c9e0774e96b8f23b4484cdef07_43)</u> | <u>[10](#ifa9007c9e0774e96b8f23b4484cdef07_43)</u> |
| <u>[Quarterly Mortgage Banking Noninterest Income](#ifa9007c9e0774e96b8f23b4484cdef07_46)</u> | <u>[11](#ifa9007c9e0774e96b8f23b4484cdef07_46)</u> |
| <u>[Quarterly Credit Reserves Analysis](#ifa9007c9e0774e96b8f23b4484cdef07_49)</u> | <u>[12](#ifa9007c9e0774e96b8f23b4484cdef07_49)</u> |
| <u>[Quarterly Net Charge-Off Analysis](#ifa9007c9e0774e96b8f23b4484cdef07_52)</u> | <u>[13](#ifa9007c9e0774e96b8f23b4484cdef07_52)</u> |
| <u>[Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)](#ifa9007c9e0774e96b8f23b4484cdef07_55)</u> | <u>[14](#ifa9007c9e0774e96b8f23b4484cdef07_55)</u> |
| <u>[Quarterly Accruing Past Due Loans and Leases](#ifa9007c9e0774e96b8f23b4484cdef07_58)</u> | <u>[15](#ifa9007c9e0774e96b8f23b4484cdef07_58)</u> |
| <u>[Quarterly Capital Under Current Regulatory Standards (Basel III)](#ifa9007c9e0774e96b8f23b4484cdef07_61)</u> | <u>[16](#ifa9007c9e0774e96b8f23b4484cdef07_61)</u> |
| <u>[Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data](#ifa9007c9e0774e96b8f23b4484cdef07_64)</u> | <u>[17](#ifa9007c9e0774e96b8f23b4484cdef07_64)</u> |
| <u>[Consolidated Year](#ifa9007c9e0774e96b8f23b4484cdef07_67)[-](#ifa9007c9e0774e96b8f23b4484cdef07_67)[to](#ifa9007c9e0774e96b8f23b4484cdef07_67)[-](#ifa9007c9e0774e96b8f23b4484cdef07_67)[Date Average Balance Sheets](#ifa9007c9e0774e96b8f23b4484cdef07_67)</u> | <u>[19](#ifa9007c9e0774e96b8f23b4484cdef07_67)</u> |
| <u>[Consolidated Year](#ifa9007c9e0774e96b8f23b4484cdef07_73)[-](#ifa9007c9e0774e96b8f23b4484cdef07_73)[to](#ifa9007c9e0774e96b8f23b4484cdef07_73)[-](#ifa9007c9e0774e96b8f23b4484cdef07_73)[Date Net Interest Margin - Interest Income / Expense](#ifa9007c9e0774e96b8f23b4484cdef07_73)</u> | <u>[20](#ifa9007c9e0774e96b8f23b4484cdef07_73)</u> |
| <u>[Consolidated Year-to-Date Net Interest Margin - Yields / Rates](#ifa9007c9e0774e96b8f23b4484cdef07_79)</u> | <u>[21](#ifa9007c9e0774e96b8f23b4484cdef07_79)</u> |
| <u>[Selected Year](#ifa9007c9e0774e96b8f23b4484cdef07_85)[-](#ifa9007c9e0774e96b8f23b4484cdef07_85)[to](#ifa9007c9e0774e96b8f23b4484cdef07_85)[-](#ifa9007c9e0774e96b8f23b4484cdef07_85)[Date Income Statement Data](#ifa9007c9e0774e96b8f23b4484cdef07_85)</u> | <u>[22](#ifa9007c9e0774e96b8f23b4484cdef07_85)</u> |
| <u>[Year](#ifa9007c9e0774e96b8f23b4484cdef07_91)[-](#ifa9007c9e0774e96b8f23b4484cdef07_91)[to](#ifa9007c9e0774e96b8f23b4484cdef07_91)[-](#ifa9007c9e0774e96b8f23b4484cdef07_91)[Date Mortgage Banking Noninterest Income](#ifa9007c9e0774e96b8f23b4484cdef07_91)</u> | <u>[23](#ifa9007c9e0774e96b8f23b4484cdef07_91)</u> |
| <u>[Year](#ifa9007c9e0774e96b8f23b4484cdef07_97)[-](#ifa9007c9e0774e96b8f23b4484cdef07_97)[to](#ifa9007c9e0774e96b8f23b4484cdef07_97)[-](#ifa9007c9e0774e96b8f23b4484cdef07_97)[Date Credit Reserves Analysis](#ifa9007c9e0774e96b8f23b4484cdef07_97)</u> | <u>[24](#ifa9007c9e0774e96b8f23b4484cdef07_97)</u> |
| <u>[Year](#ifa9007c9e0774e96b8f23b4484cdef07_103)[-](#ifa9007c9e0774e96b8f23b4484cdef07_103)[to](#ifa9007c9e0774e96b8f23b4484cdef07_103)[-](#ifa9007c9e0774e96b8f23b4484cdef07_103)[Date Net Charge-Off Analysis](#ifa9007c9e0774e96b8f23b4484cdef07_103)</u> | <u>[25](#ifa9007c9e0774e96b8f23b4484cdef07_103)</u> |
| <u>[Year](#ifa9007c9e0774e96b8f23b4484cdef07_109)[-](#ifa9007c9e0774e96b8f23b4484cdef07_109)[to](#ifa9007c9e0774e96b8f23b4484cdef07_109)[-](#ifa9007c9e0774e96b8f23b4484cdef07_109)[Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)](#ifa9007c9e0774e96b8f23b4484cdef07_109)</u> | <u>[26](#ifa9007c9e0774e96b8f23b4484cdef07_109)</u> |

---

------

**<u>Notes:</u>**

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.

*<u>Non-GAAP Financial Measures</u>*

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 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 Ratio*s

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible common equity to tangible assets,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted common equity tier 1 (CET1).

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

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

------

Huntington Bancshares Incorporated

Quarterly Key Statistics

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | | |
| *<u>(dollar amounts in millions, except per share data)</u>* | June 30, | March 31, | June 30, | Percent Changes vs. | Percent Changes vs. |
| *<u>(dollar amounts in millions, except per share data)</u>* | 2025 | 2025 | 2024 | 1Q25 | 2Q24 |
| Net interest income (1) | $1483 | $1441 | $1325 | 3% | 12% |
| &nbsp;&nbsp;&nbsp;&nbsp;FTE adjustment | (16) | (15) | (13) | (7) | (23) |
| Net interest income | 1467 | 1426 | 1312 | 3 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 103 | 115 | 100 | (10) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | 471 | 494 | 491 | (5) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest expense | 1197 | 1152 | 1117 | 4 | 7 |
| Income before income taxes | 638 | 653 | 586 | (2) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 96 | 122 | 106 | (21) | (9) |
| Income after income taxes | 542 | 531 | 480 | 2 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income attributable to non-controlling interest | 6 | 4 | 6 | 50 |  |
| Net income attributable to Huntington | 536 | 527 | 474 | 2 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends on preferred shares | 27 | 27 | 35 |  | (23) |
| Net income applicable to common shares | $509 | $500 | $439 | 2% | 16% |
| Net income per common share - diluted | $0.34 | $0.34 | $0.30 | —% | 13% |
| Cash dividends declared per common share | 0.155 | 0.155 | 0.155 |  |  |
| Tangible book value per common share at end of period | 9.13 | 8.80 | 7.89 | 4 | 16 |
| Average common shares - basic | 1457 | 1454 | 1451 |  |  |
| Average common shares - diluted | 1481 | 1482 | 1474 |  |  |
| Ending common shares outstanding | 1459 | 1457 | 1452 |  |  |
| Return on average assets | 1.04% | 1.04% | 0.98% |  |  |
| Return on average common shareholders' equity | 11.0 | 11.3 | 10.4 |  |  |
| Return on average tangible common shareholders' equity (2) | 16.1 | 16.7 | 16.1 |  |  |
| Net interest margin (1) | 3.11 | 3.10 | 2.99 |  |  |
| Efficiency ratio (3) | 59.0 | 58.9 | 60.8 |  |  |
| Effective tax rate | 15.0 | 18.6 | 18.2 |  |  |
| Average total assets | $207852 | $205087 | $194558 | 1 | 7 |
| Average earning assets | 191092 | 188299 | 178062 | 1 | 7 |
| Average loans and leases | 133171 | 130862 | 123376 | 2 | 8 |
| Average total deposits | 163429 | 161600 | 153578 | 1 | 6 |
| Average Huntington shareholders' equity | 20548 | 19997 | 19254 | 3 | 7 |
| Average common shareholders' equity | 18559 | 18007 | 16861 | 3 | 10 |
| Average tangible common shareholders' equity | 12935 | 12375 | 11201 | 5 | 15 |
| Total assets at end of period | 207742 | 209596 | 196310 | (1) | 6 |
| Total Huntington shareholders' equity at end of period | 20928 | 20434 | 19515 | 2 | 7 |
| NCOs as a % of average loans and leases | 0.20% | 0.26% | 0.29% |  |  |
| NAL ratio | 0.62 | 0.56 | 0.59 |  |  |
| NPA ratio (4) | 0.63 | 0.61 | 0.63 |  |  |
| Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period | 1.73 | 1.71 | 1.85 |  |  |
| Allowance for credit losses (ACL) as a % of total loans and leases at the end of period | 1.86 | 1.87 | 1.95 |  |  |
| Common equity tier 1 risk-based capital ratio (5) | 10.5 | 10.6 | 10.4 |  |  |
| Tangible common equity / tangible asset ratio (6) | 6.6 | 6.3 | 6.0 |  |  |

---

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

------

Huntington Bancshares Incorporated

Year-to-Date Key Statistics

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, | Change | Change |
| *<u>(dollar amounts in millions, except per share data)</u>* | 2025 | 2024 | Amount | Percent |
| Net interest income (1) | $2924 | $2625 | $299 | 11% |
| &nbsp;&nbsp;&nbsp;&nbsp;FTE adjustment | (31) | (26) | (5) | (19) |
| Net interest income | 2893 | 2599 | 294 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 218 | 207 | 11 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | 965 | 958 | 7 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest expense | 2349 | 2254 | 95 | 4 |
| Income before income taxes | 1291 | 1096 | 195 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 218 | 192 | 26 | 14 |
| Income after income taxes | 1073 | 904 | 169 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income attributable to non-controlling interest | 10 | 11 | (1) | (9) |
| Net income attributable to Huntington | 1063 | 893 | 170 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends on preferred shares | 54 | 71 | (17) | (24) |
| Net income applicable to common shares | $1009 | $822 | $187 | 23% |
| Net income per common share - diluted | $0.68 | $0.56 | $0.12 | 21% |
| Cash dividends declared per common share | 0.31 | 0.31 |  |  |
| Average common shares - basic | 1456 | 1450 | 6 |  |
| Average common shares - diluted | 1482 | 1474 | 8 | 1 |
| Return on average assets | 1.04% | 0.93% |  |  |
| Return on average common shareholders' equity | 11.1 | 9.8 |  |  |
| Return on average tangible common shareholders' equity (2) | 16.4 | 15.1 |  |  |
| Net interest margin (1) | 3.11 | 3.00 |  |  |
| Efficiency ratio (3) | 58.9 | 62.2 |  |  |
| Effective tax rate | 16.8 | 17.5 |  |  |
| Average total assets | $206477 | $192432 | $14045 | 7% |
| Average earning assets | 189703 | 175913 | 13790 | 8 |
| Average loans and leases | 132023 | 122653 | 9370 | 8 |
| Average total deposits | 162519 | 152153 | 10366 | 7 |
| Average Huntington shareholders' equity | 20274 | 19234 | 1040 | 5 |
| Average common shareholders' equity  | 18285 | 16840 | 1445 | 9 |
| Average tangible common shareholders' equity | 12657 | 11176 | 1481 | 13 |
| NCOs as a % of average loans and leases | 0.23% | 0.30% |  |  |

---

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

------

**Notes to the Quarterly and Year-to-Date Key Statistics**

(1)On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

(2)Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders' equity. Average tangible common shareholders' equity equals average total common shareholders' equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 21% tax rate.

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

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

(5)June 30, 2025 figure is estimated.

(6)Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.

------

Huntington Bancshares Incorporated

Consolidated Balance Sheets

---

| | | | |
|:---|:---|:---|:---|
| | At June 30, | At December 31, | |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 | Percent Changes |
|  | *(Unaudited)* |  |  |
| Assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | $1776 | $1685 | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | 9171 | 11647 | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 481 | 53 | 808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities | 28330 | 27273 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities | 15965 | 16368 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 878 | 823 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale | 876 | 654 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and leases (1) | 134960 | 130042 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for loan and lease losses | (2331) | (2244) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans and leases | 132629 | 127798 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank owned life insurance | 2808 | 2793 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued income and other receivables | 1675 | 2190 | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment | 1104 | 1066 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 5561 | 5561 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Servicing rights and other intangible assets | 647 | 677 | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 5841 | 5642 | 4 |
| Total assets | $207742 | $204230 | 2% |
| Liabilities and shareholders' equity |  |  |  |
| Liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits (2) | $163380 | $162448 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 576 | 199 | 189% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 17467 | 16374 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 5349 | 5427 | (1) |
| Total liabilities | 186772 | 184448 | 1 |
| Shareholders' equity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | 1989 | 1989 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock | 15 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital surplus | 15506 | 15484 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less treasury shares, at cost | (87) | (86) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss) | (2246) | (2866) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 5751 | 5204 | 11 |
| Total Huntington shareholders' equity | 20928 | 19740 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-controlling interest | 42 | 42 |  |
| Total equity | 20970 | 19782 | 6 |
| Total liabilities and equity | $207742 | $204230 | 2% |
| Common shares authorized (par value of $0.01) | 2250000000 | 2250000000 |  |
| Common shares outstanding | 1458800042 | 1453635809 |  |
| Treasury shares outstanding | 6972708 | 6984102 |  |
| Preferred stock, authorized shares | 6617808 | 6617808 |  |
| Preferred shares outstanding | 877500 | 877500 |  |

---

(1)See page <u>[5](#ifa9007c9e0774e96b8f23b4484cdef07_25)</u> for detail of loans and leases.

(2)See page <u>[6](#ifa9007c9e0774e96b8f23b4484cdef07_28)</u> for detail of deposits.

------

Huntington Bancshares Incorporated

Loans and Leases Composition

*(Unaudited)*

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | June 30, | June 30, | March 31, | March 31, | December 31, | December 31, | September 30, | September 30, | June 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 |
| Ending balances by type: |  |  |  |  |  |  |  |  |  |  |
| Total loans and leases |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $60723 | 45% | $58948 | 45% | $56809 | 43% | $53601 | 43% | $52307 | 42% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 9793 | 7 | 10196 | 7 | 10215 | 8 | 10647 | 8 | 10997 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 905 | 1 | 772 | 1 | 863 | 1 | 896 | 1 | 936 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 10698 | 8 | 10968 | 8 | 11078 | 9 | 11543 | 9 | 11933 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 5516 | 4 | 5451 | 4 | 5454 | 4 | 5342 | 4 | 5202 | 4 |
| &nbsp;&nbsp;&nbsp;Total commercial | 76937 | 57 | 75367 | 57 | 73341 | 56 | 70486 | 56 | 69442 | 56 |
| &nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 24527 | 19 | 24369 | 19 | 24242 | 19 | 24100 | 19 | 24069 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Automobile | 15382 | 11 | 14877 | 11 | 14564 | 11 | 14003 | 11 | 13233 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | 10221 | 8 | 10130 | 8 | 10142 | 8 | 10129 | 8 | 10076 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5907 | 4 | 5939 | 4 | 5982 | 5 | 6042 | 5 | 6042 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 1986 | 1 | 1823 | 1 | 1771 | 1 | 1627 | 1 | 1560 | 1 |
| &nbsp;&nbsp;&nbsp;Total consumer | 58023 | 43 | 57138 | 43 | 56701 | 44 | 55901 | 44 | 54980 | 44 |
| Total loans and leases | $134960 | 100% | $132505 | 100% | $130042 | 100% | $126387 | 100% | $124422 | 100% |
| Ending balances by business segment: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer & Regional Banking | $73887 | 55% | $72653 | 55% | $72051 | 56% | $70742 | 56% | $69328 | 56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Banking | 60823 | 45 | 59726 | 45 | 57858 | 44 | 55441 | 44 | 54941 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury / Other | 250 |  | 126 |  | 133 |  | 204 |  | 153 |  |
| Total loans and leases | $134960 | 100% | $132505 | 100% | $130042 | 100% | $126387 | 100% | $124422 | 100% |
| Average balances by business segment: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer & Regional Banking | $73154 | 55% | $72043 | 55% | $71390 | 56% | $69759 | 56% | $68405 | 56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Banking | 59806 | 45 | 58588 | 45 | 56492 | 44 | 54464 | 44 | 54748 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury / Other | 211 |  | 231 |  | 276 |  | 284 |  | 223 |  |
| Total loans and leases | $133171 | 100% | $130862 | 100% | $128158 | 100% | $124507 | 100% | $123376 | 100% |

---

------

Huntington Bancshares Incorporated

Deposits Composition

*(Unaudited)*

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | June 30, | June 30, | March 31, | March 31, | December 31, | December 31, | September 30, | September 30, | June 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | 2024 | 2024 | 2024 |
| Ending balances by type: |  |  |  |  |  |  |  |  |  |  |
| Total deposits |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - noninterest-bearing | $28656 | 18% | $30217 | 18% | $29345 | 18% | $29047 | 18% | $28636 | 19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | 45468 | 28 | 44992 | 28 | 43378 | 27 | 42292 | 27 | 40943 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 60998 | 37 | 61608 | 37 | 60730 | 37 | 56434 | 36 | 54469 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 15112 | 9 | 15179 | 9 | 14723 | 9 | 14679 | 9 | 15201 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 13146 | 8 | 13341 | 8 | 14272 | 9 | 15899 | 10 | 15118 | 9 |
| Total deposits | $163380 | 100% | $165337 | 100% | $162448 | 100% | $158351 | 100% | $154367 | 100% |
| Ending balances by business segment: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer & Regional Banking | $111926 | 68% | $112972 | 68% | $111390 | 69% | $110107 | 70% | $110913 | 72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Banking | 43691 | 27 | 44090 | 27 | 43366 | 26 | 41597 | 26 | 38110 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury / Other | 7763 | 5 | 8275 | 5 | 7692 | 5 | 6647 | 4 | 5344 | 3 |
| Total deposits | $163380 | 100% | $165337 | 100% | $162448 | 100% | $158351 | 100% | $154367 | 100% |
| Average balances by business segment: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer & Regional Banking | $112135 | 69% | $110974 | 69% | $110750 | 70% | $109884 | 70% | $110819 | 72% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Banking | 43288 | 26 | 42714 | 26 | 41741 | 26 | 40153 | 26 | 36765 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury / Other | 8006 | 5 | 7912 | 5 | 6914 | 4 | 6451 | 4 | 5994 | 4 |
| Total deposits | $163429 | 100% | $161600 | 100% | $159405 | 100% | $156488 | 100% | $153578 | 100% |

---

------

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | Quarterly Average Balances (1) | Quarterly Average Balances (1) | Quarterly Average Balances (1) | Quarterly Average Balances (1) | Quarterly Average Balances (1) | | |
| | June 30, | March 31, | December 31, | September 30, | June 30, | Percent Changes vs. | Percent Changes vs. |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 | 1Q25 | 2Q24 |
| Assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | $12264 | $11632 | $11027 | $12532 | $11116 | 5% | 10% |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 634 | 487 | 645 | 136 | 143 | 30 | 343% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 24015 | 24245 | 24778 | 25434 | 24184 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 3251 | 3254 | 3056 | 2699 | 2684 |  | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 27266 | 27499 | 27834 | 28133 | 26868 | (1) | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 16130 | 16358 | 16053 | 15078 | 15211 | (1) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 881 | 877 | 824 | 829 | 776 |  | 14 |
| &nbsp;&nbsp;&nbsp;Total securities | 44911 | 45221 | 45356 | 44176 | 42998 | (1) | 4 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 746 | 584 | 681 | 676 | 572 | 28 | 30 |
| &nbsp;&nbsp;&nbsp;Loans and leases: (2) |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 59393 | 57555 | 55136 | 52194 | 51724 | 3 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 9955 | 10206 | 10461 | 10835 | 11247 | (2) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 830 | 815 | 818 | 909 | 916 | 2 | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 10785 | 11021 | 11279 | 11744 | 12163 | (2) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 5458 | 5476 | 5424 | 5180 | 5071 |  | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 75636 | 74052 | 71839 | 69118 | 68958 | 2 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 24423 | 24299 | 24127 | 24074 | 23909 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 15132 | 14665 | 14350 | 13584 | 12989 | 3 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 10196 | 10123 | 10134 | 10089 | 10056 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5921 | 5951 | 6009 | 6046 | 5966 | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 1863 | 1772 | 1699 | 1596 | 1498 | 5 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 57535 | 56810 | 56319 | 55389 | 54418 | 1 | 6 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 133171 | 130862 | 128158 | 124507 | 123376 | 2 | 8 |
| &nbsp;&nbsp;&nbsp;Total earning assets | 191092 | 188299 | 185222 | 181891 | 178062 | 1 | 7 |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | 1407 | 1404 | 1348 | 1407 | 1340 |  | 5 |
| &nbsp;&nbsp;&nbsp;Goodwill and other intangible assets | 5640 | 5651 | 5662 | 5674 | 5685 |  | (1) |
| &nbsp;&nbsp;All other assets | $9713 | $9733 | $9583 | $9306 | $9471 |  | 3 |
| Total assets | $207852 | $205087 | $201815 | $198278 | $194558 | 1% | 7% |
| Liabilities and shareholders' equity |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | $44677 | $43582 | $41802 | $41850 | $39431 | 3% | 13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 61090 | 60213 | 58297 | 55599 | 53553 | 1 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 15127 | 14866 | 14648 | 14891 | 15408 | 2 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 13290 | 13993 | 15076 | 15348 | 15556 | (5) | (15) |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 134184 | 132654 | 129823 | 127688 | 123948 | 1 | 8 |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 1261 | 1439 | 1249 | 826 | 1214 | (12) | 4 |
| &nbsp;&nbsp;&nbsp;Long-term debt | 17776 | 16901 | 16081 | 15878 | 15146 | 5 | 17 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 153221 | 150994 | 147153 | 144392 | 140308 | 1 | 9 |
| &nbsp;&nbsp;&nbsp;Demand deposits - noninterest-bearing | 29245 | 28946 | 29582 | 28800 | 29630 | 1 | (1) |
| &nbsp;&nbsp;&nbsp;All other liabilities | 4788 | 5102 | 5020 | 4925 | 5314 | (6) | (10) |
| Total liabilities | 187254 | 185042 | 181755 | 178117 | 175252 | 1 | 7 |
| Total Huntington shareholders' equity | 20548 | 19997 | 20013 | 20113 | 19254 | 3 | 7 |
| &nbsp;&nbsp;&nbsp;Non-controlling interest | 50 | 48 | 47 | 48 | 52 | 4 | (4) |
| Total equity | 20598 | 20045 | 20060 | 20161 | 19306 | 3 | 7 |
| Total liabilities and equity | $207852 | $205087 | $201815 | $198278 | $194558 | 1% | 7% |

---

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

(2)Includes nonaccrual loans and leases.

------

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Interest Income / Expense

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Quarterly Interest Income / Expense (1) (2)  | Quarterly Interest Income / Expense (1) (2)  | Quarterly Interest Income / Expense (1) (2)  | Quarterly Interest Income / Expense (1) (2)  | Quarterly Interest Income / Expense (1) (2)  |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Assets |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | $139 | $129 | $136 | $174 | $154 |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 6 | 4 | 8 | 1 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 278 | 287 | 302 | 331 | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 41 | 42 | 38 | 35 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 319 | 329 | 340 | 366 | 356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 107 | 108 | 104 | 93 | 93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 12 | 12 | 12 | 11 | 10 |
| &nbsp;&nbsp;&nbsp;Total securities | 444 | 453 | 464 | 471 | 461 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 12 | 9 | 11 | 12 | 10 |
| &nbsp;&nbsp;&nbsp;Loans and leases: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 914 | 873 | 851 | 840 | 829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 166 | 170 | 185 | 207 | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 17 | 15 | 22 | 20 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 183 | 185 | 207 | 227 | 233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 92 | 89 | 89 | 86 | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 1189 | 1147 | 1147 | 1153 | 1144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 253 | 250 | 243 | 241 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 219 | 207 | 205 | 191 | 172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 186 | 183 | 190 | 199 | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 79 | 78 | 81 | 79 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 51 | 48 | 47 | 48 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 788 | 766 | 766 | 758 | 720 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 1977 | 1913 | 1913 | 1911 | 1864 |
| Total earning assets | $2572 | $2504 | $2524 | $2568 | $2489 |
| Liabilities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | $223 | $205 | $209 | $239 | $210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 464 | 458 | 479 | 521 | 513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 11 | 7 | 6 | 4 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 124 | 140 | 169 | 181 | 181 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 822 | 810 | 863 | 945 | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 13 | 14 | 17 | 14 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 254 | 239 | 235 | 245 | 238 |
| Total interest-bearing liabilities | 1089 | 1063 | 1115 | 1204 | 1164 |
| Net interest income | $1483 | $1441 | $1409 | $1364 | $1325 |

---

(1)Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page [10](#ifa9007c9e0774e96b8f23b4484cdef07_43) for the FTE adjustment.

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

------

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yields / Rates

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Quarterly Average Yields / Rates | Quarterly Average Yields / Rates | Quarterly Average Yields / Rates | Quarterly Average Yields / Rates | Quarterly Average Yields / Rates |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| <u>Fully-taxable equivalent basis (1)</u> | 2025 | 2025 | 2024 | 2024 | 2024 |
| Assets |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | 4.52% | 4.45% | 4.92% | 5.55% | 5.55% |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 3.72 | 3.67 | 5.39 | 3.28 | 5.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 4.62 | 4.73 | 4.87 | 5.21 | 5.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 4.93 | 5.22 | 5.00 | 5.23 | 5.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 4.66 | 4.79 | 4.89 | 5.21 | 5.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 2.66 | 2.64 | 2.59 | 2.47 | 2.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 5.85 | 5.28 | 6.01 | 4.86 | 5.21 |
| &nbsp;&nbsp;&nbsp;Total securities | 3.95 | 4.01 | 4.10 | 4.26 | 4.29 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 6.43 | 6.48 | 6.28 | 6.92 | 6.81 |
| &nbsp;&nbsp;&nbsp;Loans and leases: (2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 6.09 | 6.07 | 6.05 | 6.31 | 6.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 6.59 | 6.66 | 6.91 | 7.47 | 7.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 8.16 | 7.47 | 10.64 | 8.52 | 8.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 6.71 | 6.72 | 7.18 | 7.55 | 7.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 6.66 | 6.49 | 6.38 | 6.51 | 6.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 6.22 | 6.19 | 6.25 | 6.53 | 6.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 4.15 | 4.11 | 4.03 | 4.00 | 3.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 5.82 | 5.71 | 5.70 | 5.59 | 5.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 7.32 | 7.33 | 7.42 | 7.86 | 7.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5.31 | 5.34 | 5.35 | 5.24 | 5.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 10.88 | 11.01 | 11.18 | 11.69 | 11.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 5.49 | 5.44 | 5.42 | 5.45 | 5.32 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 5.91 | 5.87 | 5.89 | 6.05 | 6.01 |
| Total earning assets | 5.40 | 5.39 | 5.42 | 5.62 | 5.62 |
| Liabilities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | 2.00 | 1.91 | 1.99 | 2.28 | 2.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 3.05 | 3.08 | 3.27 | 3.73 | 3.85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 0.28 | 0.20 | 0.16 | 0.12 | 0.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 3.74 | 4.06 | 4.47 | 4.66 | 4.70 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2.46 | 2.48 | 2.65 | 2.94 | 2.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 4.37 | 3.87 | 5.37 | 6.52 | 6.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 5.69 | 5.68 | 5.83 | 6.19 | 6.28 |
| Total interest-bearing liabilities | 2.85 | 2.86 | 3.01 | 3.32 | 3.34 |
| Net interest rate spread | 2.55 | 2.53 | 2.41 | 2.30 | 2.28 |
| Impact of noninterest-bearing funds on margin | 0.56 | 0.57 | 0.62 | 0.68 | 0.71 |
| Net interest margin | 3.11% | 3.10% | 3.03% | 2.98% | 2.99% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <u>Additional information:</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial Loan Derivative Impact |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial loans (2) (3) | 6.49% | 6.57% | 6.77% | 7.21% | 7.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of commercial loan derivatives | (0.27) | (0.38) | (0.52) | (0.68) | (0.73) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial - as reported | 6.22% | 6.19% | 6.25% | 6.53% | 6.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Average SOFR | 4.32% | 4.33% | 4.68% | 5.28% | 5.32% |
| &nbsp;&nbsp;Total cost of deposits (4) | 2.02% | 2.03% | 2.16% | 2.40% | 2.38% |

---

(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page [10](#ifa9007c9e0774e96b8f23b4484cdef07_43) for the FTE adjustment.

(2)Includes nonaccrual loans and leases.

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

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

------

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| *<u>(dollar amounts in millions, except per share data)</u>* | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions, except per share data)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | $2556 | $2489 | $2510 | $2555 | $2476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 1089 | 1063 | 1115 | 1204 | 1164 |
| Net interest income | 1467 | 1426 | 1395 | 1351 | 1312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 103 | 115 | 107 | 106 | 100 |
| Net interest income after provision for credit losses | 1364 | 1311 | 1288 | 1245 | 1212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments and cash management revenue | 165 | 155 | 162 | 158 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wealth and asset management revenue | 102 | 101 | 93 | 93 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer deposit and loan fees | 95 | 86 | 88 | 86 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital markets and advisory fees | 84 | 67 | 120 | 78 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income | 28 | 31 | 31 | 38 | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leasing revenue | 10 | 14 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance income | 19 | 20 | 22 | 18 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) on sales of securities | (58) |  | (21) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other noninterest income | 26 | 20 | 45 | 33 | 24 |
| Total noninterest income | 471 | 494 | 559 | 523 | 491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personnel costs | 722 | 671 | 715 | 684 | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outside data processing and other services | 182 | 170 | 167 | 167 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment | 68 | 67 | 70 | 65 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net occupancy | 54 | 65 | 56 | 57 | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing | 28 | 29 | 28 | 33 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit and other insurance expense | 20 | 37 | 20 | 15 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional services | 22 | 22 | 27 | 21 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangibles | 11 | 11 | 12 | 11 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing equipment depreciation | 2 | 4 | 3 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expense | 88 | 76 | 80 | 73 | 82 |
| Total noninterest expense | 1197 | 1152 | 1178 | 1130 | 1117 |
| Income before income taxes | 638 | 653 | 669 | 638 | 586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 96 | 122 | 135 | 116 | 106 |
| Income after income taxes | 542 | 531 | 534 | 522 | 480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income attributable to non-controlling interest | 6 | 4 | 4 | 5 | 6 |
| Net income attributable to Huntington | 536 | 527 | 530 | 517 | 474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends on preferred shares | 27 | 27 | 27 | 36 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impact of preferred stock redemptions |  |  | 5 |  |  |
| Net income applicable to common shares | $509 | $500 | $498 | $481 | $439 |
| Average common shares - basic | 1457 | 1454 | 1453 | 1453 | 1451 |
| Average common shares - diluted  | 1481 | 1482 | 1481 | 1477 | 1474 |
| Per common share |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income - basic | $0.35 | $0.34 | $0.34 | $0.33 | $0.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income - diluted | 0.34 | 0.34 | 0.34 | 0.33 | 0.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash dividends declared | 0.155 | 0.155 | 0.155 | 0.155 | 0.155 |
| Revenue - fully-taxable equivalent (FTE) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $1467 | $1426 | $1395 | $1351 | $1312 |
| &nbsp;&nbsp;&nbsp;&nbsp;FTE adjustment | 16 | 15 | 14 | 13 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income (1) | 1483 | 1441 | 1409 | 1364 | 1325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | 471 | 494 | 559 | 523 | 491 |
| Total revenue (1) | $1954 | $1935 | $1968 | $1887 | $1816 |

---

(1)On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

------

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

*(Unaudited)*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | | |
| | June 30, | March 31, | December 31, | September 30, | June 30, | Percent Changes vs. | Percent Changes vs. |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 | 1Q25 | 2Q24 |
| Net origination and secondary marketing income | $26 | $18 | $25 | $25 | $17 | 44% | 53% |
| Net mortgage servicing income |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan servicing income | 26 | 26 | 26 | 25 | 25 |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of capitalized servicing | (18) | (13) | (16) | (14) | (14) | (38) | (29) |
| &nbsp;&nbsp;&nbsp;Operating income | 8 | 13 | 10 | 11 | 11 | (38) | (27) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSR valuation adjustment (1) |  | (15) | 53 | (25) | 11 | 100 | (100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Losses) gains due to MSR hedging | (6) | 15 | (57) | 27 | (10) | (140) | 40 |
| &nbsp;&nbsp;&nbsp;Net MSR risk management  | (6) |  | (4) | 2 | 1 | (100) | (700) |
| Total net mortgage servicing income | 2 | 13 | 6 | 13 | 12 | (85) | (83) |
| All other |  |  |  |  | 1 |  | (100) |
| Mortgage banking income | $28 | $31 | $31 | $38 | $30 | (10)% | (7)% |
| Mortgage origination volume | $2412 | $1599 | $2093 | $1883 | $2164 | 51% | 11% |
| Mortgage origination volume for sale | 1508 | 938 | 1220 | 1194 | 1191 | 61 | 27 |
| Third party mortgage loans serviced (2) | $33925 | $33864 | $33696 | $33565 | $33404 | —% | 2% |
| Mortgage servicing rights (2) | 567 | 564 | 573 | 515 | 543 | 1 | 4 |
| MSR % of investor servicing portfolio (2) | 1.67% | 1.66% | 1.70% | 1.53% | 1.63% | 1 | 2 |

---

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

(2)At period end.

------

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Allowance for loan and lease losses, beginning of period | $2263 | $2244 | $2235 | $2304 | $2280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan and lease charge-offs | (111) | (133) | (129) | (129) | (145) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries of loans and leases previously charged-off | 45 | 47 | 32 | 36 | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loan and lease charge-offs | (66) | (86) | (97) | (93) | (90) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for loan and lease losses | 134 | 105 | 106 | 24 | 114 |
| Allowance for loan and lease losses, end of period | 2331 | 2263 | 2244 | 2235 | 2304 |
| Allowance for unfunded lending commitments, beginning of period | 215 | 202 | 201 | 119 | 135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for unfunded lending commitments | (31) | 13 | 1 | 82 | (16) |
| Allowance for unfunded lending commitments, end of period | 184 | 215 | 202 | 201 | 119 |
| Total allowance for credit losses, end of period | $2515 | $2478 | $2446 | $2436 | $2423 |
| Allowance for loan and lease losses (ALLL) as % of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 1.73% | 1.71% | 1.73% | 1.77% | 1.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans and leases (NALs) | 277 | 302 | 286 | 303 | 314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets (NPAs) | 274 | 281 | 273 | 285 | 296 |
| Total allowance for credit losses (ACL) as % of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 1.86% | 1.87% | 1.88% | 1.93% | 1.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans and leases (NALs) | 299 | 331 | 312 | 330 | 331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets (NPAs) | 295 | 308 | 297 | 311 | 311 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Allocation of allowance for credit losses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $1068 | $1017 | $947 | $937 | $995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 417 | 443 | 473 | 510 | 542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 63 | 60 | 64 | 51 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 1548 | 1520 | 1484 | 1498 | 1587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 208 | 199 | 205 | 193 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 161 | 150 | 145 | 138 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 153 | 140 | 148 | 149 | 142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 143 | 146 | 150 | 150 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 118 | 108 | 112 | 107 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 783 | 743 | 760 | 737 | 717 |
| Total allowance for loan and lease losses | 2331 | 2263 | 2244 | 2235 | 2304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for unfunded lending commitments | 184 | 215 | 202 | 201 | 119 |
| Total allowance for credit losses | $2515 | $2478 | $2446 | $2436 | $2423 |

---

------

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Net charge-offs (recoveries) by loan and lease type: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $32 | $48 | $52 | $51 | $21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | (3) | (8) | (2) | 5 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 2 | 4 | 1 | (2) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 31 | 44 | 51 | 54 | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 1 |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 7 | 13 | 12 | 8 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity |  |  |  | (1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5 | 7 | 7 | 6 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 22 | 22 | 27 | 26 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 35 | 42 | 46 | 39 | 33 |
| Total net charge-offs | $66 | $86 | $97 | $93 | $90 |
| Net charge-offs (recoveries) - annualized percentages: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 0.22% | 0.33% | 0.39% | 0.39% | 0.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | (0.14) | (0.26) | (0.08) | 0.17 | 1.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 0.12 | 0.33 | 0.06 | (0.18) | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 0.16 | 0.24 | 0.29 | 0.31 | 0.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 0.01 |  | 0.01 |  | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 0.19 | 0.35 | 0.32 | 0.24 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 0.01 |  | (0.02) | (0.02) | (0.01) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 0.33 | 0.45 | 0.43 | 0.37 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 4.86 | 4.89 | 6.51 | 6.38 | 5.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 0.25 | 0.29 | 0.32 | 0.28 | 0.24 |
| Net charge-offs as a % of average loans and leases | 0.20% | 0.26% | 0.30% | 0.30% | 0.29% |

---

------

Huntington Bancshares Incorporated

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

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Nonaccrual loans and leases (NALs): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $489 | $413 | $457 | $408 | $346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 138 | 118 | 118 | 132 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 10 | 11 | 10 | 9 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 93 | 90 | 83 | 82 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 5 | 4 | 6 | 5 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 105 | 110 | 107 | 100 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 2 | 2 | 2 | 2 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonaccrual loans and leases | 842 | 748 | 783 | 738 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other real estate, net | 10 | 8 | 8 | 8 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other NPAs (1) |  | 48 | 31 | 38 | 37 |
| Total nonperforming assets | $852 | $804 | $822 | $784 | $780 |
| Nonaccrual loans and leases as a % of total loans and leases | 0.62% | 0.56% | 0.60% | 0.58% | 0.59% |
| NPA ratio (2) | 0.63 | 0.61 | 0.63 | 0.62 | 0.63 |
| (NPA+90days)/(Loan+OREO) (3) | 0.81 | 0.77 | 0.82 | 0.80 | 0.77 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Nonperforming assets, beginning of period | $804 | $822 | $784 | $780 | $738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New nonperforming assets | 343 | 250 | 271 | 254 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Returns to accruing status | (27) | (31) | (46) | (55) | (55) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | (57) | (55) | (37) | (53) | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments | (203) | (178) | (146) | (139) | (135) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | (8) | (4) | (4) | (3) | (2) |
| Nonperforming assets, end of period | $852 | $804 | $822 | $784 | $780 |

---

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

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

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

------

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

*(Unaudited)*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Accruing loans and leases past due 90+ days: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $4 | $2 | $3 | $6 | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 14 | 8 | 11 | 16 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage (excluding loans guaranteed by the U.S. Government) | 40 | 29 | 34 | 28 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 10 | 8 | 12 | 10 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 18 | 18 | 20 | 20 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 2 | 3 | 4 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 4 | 4 | 4 | 5 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total, excl. loans guaranteed by the U.S. Government | 92 | 72 | 88 | 88 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Add: loans guaranteed by U.S. Government | 149 | 148 | 151 | 136 | 116 |
| Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government | $241 | $220 | $239 | $224 | $175 |
| Ratios: |  |  |  |  |  |
| Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases | 0.07% | 0.05% | 0.07% | 0.07% | 0.05% |
| Guaranteed by U.S. Government, as a percent of total loans and leases | 0.11 | 0.11 | 0.12 | 0.11 | 0.09 |
| Including loans guaranteed by the U.S. Government, as a percent of total loans and leases | 0.18 | 0.17 | 0.18 | 0.18 | 0.14 |

---

------

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III)

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Common equity tier 1 risk-based capital ratio: (1) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Huntington shareholders' equity | $20928 | $20434 | $19740 | $20606 | $19515 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regulatory capital adjustments: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CECL transitional amount (2) |  |  | 109 | 109 | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' preferred equity and related surplus | (1999) | (1999) | (1999) | (2404) | (2404) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | 2241 | 2422 | 2866 | 2104 | 2911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill and other intangibles, net of taxes | (5508) | (5520) | (5534) | (5546) | (5561) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets from tax loss and credit carryforwards | (123) | (68) | (55) | (66) | (49) |
| &nbsp;&nbsp;&nbsp;&nbsp;Common equity tier 1 capital | 15539 | 15269 | 15127 | 14803 | 14521 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional tier 1 capital |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' preferred equity and related surplus | 1999 | 1999 | 1999 | 2404 | 2404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital | 17538 | 17268 | 17126 | 17207 | 16925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt and other tier 2 qualifying instruments | 1606 | 1641 | 1641 | 1119 | 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qualifying allowance for loan and lease losses | 1859 | 1811 | 1798 | 1784 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 2 capital | 3465 | 3452 | 3439 | 2903 | 3021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total risk-based capital | $21003 | $20720 | $20565 | $20110 | $19946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk-weighted assets (RWA) (1) | $148602 | $144632 | $143650 | $142543 | $139374 |
| Common equity tier 1 risk-based capital ratio (1) | 10.5% | 10.6% | 10.5% | 10.4% | 10.4% |
| Other regulatory capital data: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage ratio (1) | 8.5 | 8.5 | 8.6 | 8.8 | 8.8 |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital ratio (1) | 11.8 | 11.9 | 11.9 | 12.1 | 12.1 |
| &nbsp;&nbsp;&nbsp;Total risk-based capital ratio (1) | 14.1 | 14.3 | 14.3 | 14.1 | 14.3 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <u>Reconciliation of Non-GAAP Measure (3)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common equity tier 1 (CET1) capital (A) | $15539 | $15269 | $15127 | $14803 | $14521 |
| &nbsp;&nbsp;&nbsp;Add: Accumulated other comprehensive income (loss) (AOCI) | (2241) | (2422) | (2866) | (2104) | (2911) |
| &nbsp;&nbsp;&nbsp;Less: AOCI cash flow hedge | (7) | (90) | (267) | (39) | (399) |
| &nbsp;&nbsp;&nbsp;Adjusted common equity tier 1 (B) | 13305 | 12937 | 12528 | 12738 | 12009 |
| &nbsp;&nbsp;&nbsp;Risk weighted assets (C) | 148602 | 144632 | 143650 | 142543 | 139374 |
| &nbsp;&nbsp;&nbsp;CET1 ratio (A/C) | 10.5% | 10.6% | 10.5% | 10.4% | 10.4% |
| &nbsp;&nbsp;&nbsp;Adjusted CET1 ratio (B/C) | 9.0 | 8.9 | 8.7 | 8.9 | 8.6 |

---

(1)June 30, 2025 figures are estimated.

(2)Huntington elected to temporarily delay certain effects of CECL on regulatory capital pursuant to a rule that allowed BHCs and banks to delay the impact of adopting CECL for two years, followed by a three-year transition period which began January 1, 2022. For periods beginning on or after January 1, 2025, the impact of the CECL deferral was fully phased in, while 75% of the impact of the CECL deferral was phased in at December 31, 2024, September 30, 2024, and June 30, 2024.

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

------

Huntington Bancshares Incorporated

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

*(Unaudited)*

<u>Quarterly Common Stock Summary</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30,<br>2025 | March 31,<br>2025 | December 31,<br>2024 | September 30,<br>2024 | June 30,<br>2024 |
| Cash dividends declared per common share | $0.155 | $0.155 | $0.155 | $0.155 | $0.155 |
| Common shares outstanding (in millions): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average - basic | 1457 | 1454 | 1453 | 1453 | 1451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average - diluted | 1481 | 1482 | 1481 | 1477 | 1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ending | 1459 | 1457 | 1454 | 1453 | 1452 |
| Tangible book value per common share | $9.13 | $8.80 | $8.33 | $8.65 | $7.89 |

---

<u>Non-Regulatory Capital</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Calculation of tangible equity / asset ratio: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Huntington shareholders' equity | $20928 | $20434 | $19740 | $20606 | $19515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill and other intangible assets | (5635) | (5646) | (5657) | (5669) | (5680) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liability on other intangible assets (1) | 16 | 18 | 20 | 23 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total tangible equity | 15309 | 14806 | 14103 | 14960 | 13860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred equity | (1989) | (1989) | (1989) | (2394) | (2394) |
| Total tangible common equity | $13320 | $12817 | $12114 | $12566 | $11466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $207742 | $209596 | $204230 | $200535 | $196310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill and other intangible assets | (5635) | (5646) | (5657) | (5669) | (5680) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liability on other intangible assets (1) | 16 | 18 | 20 | 23 | 25 |
| Total tangible assets | $202123 | $203968 | $198593 | $194889 | $190655 |
| Tangible equity / tangible asset ratio | 7.6% | 7.3% | 7.1% | 7.7% | 7.3% |
| Tangible common equity / tangible asset ratio | 6.6 | 6.3 | 6.1 | 6.4 | 6.0 |
| Tangible common equity / RWA ratio (2) | 9.0 | 8.9 | 8.4 | 8.8 | 8.2 |

---

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

(2)Estimated at June 30, 2025.

<u>Other Data</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | June 30,<br>2025 | March 31,<br>2025 | December 31,<br>2024 | September 30,<br>2024 | June 30,<br>2024 |
| Number of employees (Average full-time equivalent) | 20242 | 20092 | 20045 | 20043 | 19889 |
| Number of domestic full-service branches (1) | 971 | 968 | 978 | 975 | 972 |
| ATM Count | 1565 | 1560 | 1577 | 1585 | 1603 |

---

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

------

Huntington Bancshares Incorporated

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

*(Unaudited)*

<u>Non-GAAP Reconciliation: Return on Average Tangible Common Shareholders' Equity</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| | June 30, | March 31, | December 31, | September 30, | June 30, |
| *(dollar amounts in millions)* | 2025 | 2025 | 2024 | 2024 | 2024 |
| Calculation of average tangible common shareholders' equity ratio: |  |  |  |  |  |
| &nbsp;&nbsp;Average Huntington common shareholders' equity | $18559 | $18007 | $17979 | $17719 | $16861 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Intangible assets and goodwill, net of tax effect | 5624 | 5632 | 5641 | 5650 | 5660 |
| &nbsp;&nbsp;Average tangible common shareholders' equity (A) | $12935 | $12375 | $12338 | $12069 | $11201 |
| &nbsp;&nbsp;Net income applicable to common shares | $509 | $500 | $498 | $481 | $439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Add: Amortization of intangibles, net of deferred tax | 9 | 9 | 9 | 9 | 9 |
| &nbsp;&nbsp;Adjusted net income applicable to common shares | 518 | 509 | 507 | 490 | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;Add: Notable items, after tax | 3 | 2 | (2) | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net gain (loss) on sale of securities, after tax | (46) |  | (17) |  |  |
| &nbsp;&nbsp;Adjusted net income applicable to common shares, excluding notable items and net securities gain (loss) | $567 | $511 | $522 | $495 | $453 |
| &nbsp;&nbsp;Adjusted net income applicable to common shares, annualized (B) | $2078 | $2064 | $2021 | $1949 | $1802 |
| &nbsp;&nbsp;Adjusted net income applicable to common shares, excluding notable items and net securities gain (loss), annualized (C) | 2274 | 2072 | 2081 | 1969 | 1822 |
| Return on average tangible common shareholders' equity (B/A) | 16.1% | 16.7% | 16.4% | 16.2% | 16.1% |
| Return on average tangible common shareholders' equity adjusted (C/A) | 17.6% | 16.7% | 16.9% | 16.3% | 16.2% |

---

------

Huntington Bancshares Incorporated

Consolidated Year-To-Date Average Balance Sheets

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | YTD Average Balances (1) | YTD Average Balances (1) | YTD Average Balances (1) | YTD Average Balances (1) |
| | Six Months Ended June 30, | Six Months Ended June 30, | Change | Change |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 | Amount | Percent |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | $11950 | $10439 | $1511 | 14% |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 561 | 138 | 423 | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 24130 | 23349 | 781 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 3252 | 2680 | 572 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 27382 | 26029 | 1353 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 16243 | 15389 | 854 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 879 | 750 | 129 | 17 |
| &nbsp;&nbsp;&nbsp;Total securities | 45065 | 42306 | 2759 | 7 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 665 | 515 | 150 | 29 |
| &nbsp;&nbsp;&nbsp;Loans and leases: (2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 58478 | 51175 | 7303 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 10080 | 11306 | (1226) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 822 | 1057 | (235) | (22) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 10902 | 12363 | (1461) | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 5467 | 5076 | 391 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 74847 | 68614 | 6233 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 24362 | 23809 | 553 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 14900 | 12771 | 2129 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 10160 | 10064 | 96 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5936 | 5929 | 7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 1818 | 1466 | 352 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 57176 | 54039 | 3137 | 6 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 132023 | 122653 | 9370 | 8 |
| &nbsp;&nbsp;&nbsp;Total earning assets | 189703 | 175913 | 13790 | 8 |
| &nbsp;&nbsp;&nbsp;Cash and due from banks | 1406 | 1416 | (10) | (1) |
| &nbsp;&nbsp;&nbsp;Goodwill and other intangible assets | 5646 | 5691 | (45) | (1) |
| &nbsp;&nbsp;&nbsp;All other assets | 9722 | 9412 | 310 | 3 |
| Total assets | $206477 | $192432 | $14045 | 7% |
| Liabilities and shareholders' equity |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | $44132 | $38960 | $5172 | 13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 60654 | 52431 | 8223 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 14998 | 15517 | (519) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 13639 | 15475 | (1836) | (12) |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 133423 | 122383 | 11040 | 9 |
| &nbsp;&nbsp;&nbsp;Short-term borrowings | 1350 | 1257 | 93 | 7 |
| &nbsp;&nbsp;&nbsp;Long-term debt | 17341 | 14461 | 2880 | 20 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 152114 | 138101 | 14013 | 10 |
| &nbsp;&nbsp;&nbsp;Demand deposits - noninterest-bearing | 29096 | 29770 | (674) | (2) |
| &nbsp;&nbsp;&nbsp;All other liabilities | 4944 | 5277 | (333) | (6) |
| Total Liabilities | 186154 | 173148 | 13006 | 8 |
| Total Huntington shareholders' equity | 20274 | 19234 | 1040 | 5 |
| &nbsp;&nbsp;&nbsp;Non-controlling interest | 49 | 50 | (1) | (2) |
| Total equity | $20323 | $19284 | $1039 | 5 |
| Total liabilities and equity | $206477 | $192432 | $14045 | 7% |

---

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

(2)Includes nonaccrual loans and leases.

------

Huntington Bancshares Incorporated

Consolidated Year-To-Date Net Interest Margin - Interest Income / Expense (1) (2)

*(Unaudited)*

---

| | | |
|:---|:---|:---|
| | YTD Interest Income / Expense | YTD Interest Income / Expense |
| | Six Months Ended June 30, | Six Months Ended June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 |
| Assets |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | $268 | $288 |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 10 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 565 | 618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 83 | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 648 | 686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 215 | 188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 24 | 19 |
| &nbsp;&nbsp;&nbsp;Total securities | 897 | 897 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 21 | 17 |
| &nbsp;&nbsp;&nbsp;Loans and leases: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 1787 | 1630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 336 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 32 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 368 | 473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 181 | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 2336 | 2264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 503 | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 426 | 330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 369 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 157 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 99 | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 1554 | 1416 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 3890 | 3680 |
| Total earning assets | $5076 | $4882 |
| Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | $428 | $410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 922 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 18 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 264 | 355 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 1632 | 1764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 27 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 493 | 455 |
| Total interest-bearing liabilities | 2152 | 2257 |
| Net interest income | $2924 | $2625 |

---

(1)Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 21 for the FTE adjustment.

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

------

Huntington Bancshares Incorporated

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

*(Unaudited)*

---

| | | |
|:---|:---|:---|
| | YTD Average Yields / Rates  | YTD Average Yields / Rates  |
| | Six Months Ended June 30, | Six Months Ended June 30, |
| <u>Fully-taxable equivalent basis (1)</u> | 2025 | 2024 |
| Assets |  |  |
| &nbsp;&nbsp;&nbsp;Interest-earning deposits with banks | 4.49% | 5.53% |
| &nbsp;&nbsp;&nbsp;Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading account securities | 3.70 | 5.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-sale securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 4.68 | 5.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 5.08 | 5.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale securities | 4.73 | 5.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-maturity securities - taxable | 2.65 | 2.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other securities | 5.57 | 5.22 |
| &nbsp;&nbsp;&nbsp;Total securities | 3.98 | 4.24 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 6.45 | 6.68 |
| &nbsp;&nbsp;&nbsp;Loans and leases: (2) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 6.08 | 6.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 6.62 | 7.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction | 7.82 | 8.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 6.71 | 7.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 6.57 | 6.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 6.21 | 6.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 4.13 | 3.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 5.77 | 5.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 7.33 | 7.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 5.32 | 5.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 10.94 | 11.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 5.47 | 5.26 |
| &nbsp;&nbsp;&nbsp;Total loans and leases | 5.89 | 5.97 |
| Total earning assets | 5.40% | 5.58% |
| Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits - interest-bearing | 1.96% | 2.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market deposits | 3.06 | 3.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 0.24 | 0.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 3.90 | 4.62 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2.47 | 2.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | 4.10 | 6.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 5.68 | 6.29 |
| Total interest-bearing liabilities | 2.85 | 3.29 |
| Net interest rate spread | 2.55 | 2.29 |
| Impact of noninterest-bearing funds on margin | 0.56 | 0.71 |
| Net interest margin | 3.11% | 3.00% |

---

---

| | | |
|:---|:---|:---|
| <u>Additional information:</u> |  |  |
| Commercial Loan Derivative Impact |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial loans (2) (3) | 6.53% | 7.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact of commercial loan derivatives | (0.32) | (0.73) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial - as reported | 6.21% | 6.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Average SOFR | 4.33% | 5.32% |
| &nbsp;&nbsp;&nbsp;Total cost of deposits (4) | 2.02% | 2.33% |

---

(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 21 for the FTE adjustment.

(2)Includes nonaccrual loans and leases.

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

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

------

Huntington Bancshares Incorporated

Selected Year-To-Date Income Statement Data

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, | Change | Change |
| *<u>(dollar amounts in millions, except per share data)</u>* | 2025 | 2024 | Amount | Percent |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest income | $5045 | $4856 | $189 | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 2152 | 2257 | (105) | (5) |
| Net interest income | 2893 | 2599 | 294 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | 218 | 207 | 11 | 5 |
| Net interest income after provision for credit losses | 2675 | 2392 | 283 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments and cash management revenue | 320 | 300 | 20 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wealth and asset management revenue | 203 | 178 | 25 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer deposit and loan fees | 181 | 160 | 21 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital markets and advisory fees | 151 | 129 | 22 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage banking income | 59 | 61 | (2) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leasing revenue | 24 | 41 | (17) | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance income | 39 | 37 | 2 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net gains (losses) on sales of securities | (58) |  | (58) | (100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other noninterest income | 46 | 52 | (6) | (12) |
| Total noninterest income | 965 | 958 | 7 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personnel costs | 1393 | 1302 | 91 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outside data processing and other services | 352 | 331 | 21 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment | 135 | 132 | 3 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net occupancy | 119 | 108 | 11 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketing | 57 | 55 | 2 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposit and other insurance expense | 57 | 79 | (22) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional services | 44 | 51 | (7) | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangibles | 22 | 24 | (2) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing equipment depreciation | 6 | 8 | (2) | (25) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other noninterest expense | 164 | 164 |  |  |
| Total noninterest expense | 2349 | 2254 | 95 | 4 |
| Income before income taxes | 1291 | 1096 | 195 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | 218 | 192 | 26 | 14 |
| Income after income taxes | 1073 | 904 | 169 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income attributable to non-controlling interest | 10 | 11 | (1) | (9) |
| Net income attributable to Huntington | 1063 | 893 | 170 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends on preferred shares | 54 | 71 | (17) | (24) |
| Net income applicable to common shares | $1009 | $822 | $187 | 23% |
| Average common shares - basic | 1456 | 1450 | 6 |  |
| Average common shares - diluted | 1482 | 1474 | 8 | 1 |
| Per common share |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income - basic | $0.69 | $0.57 | $0.12 | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income - diluted | 0.68 | 0.56 | 0.12 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash dividends declared | 0.31 | 0.31 |  |  |
| Revenue - fully taxable equivalent (FTE) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $2893 | $2599 | $294 | 11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FTE adjustment | 31 | 26 | 5 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income (1) | 2924 | 2625 | 299 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest income | 965 | 958 | 7 | 1 |
| Total revenue (1) | $3889 | $3583 | $306 | 9% |

---

(1)On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

------

Huntington Bancshares Incorporated

Year-To-Date Mortgage Banking Noninterest Income

*(Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, | Change | Change |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 | Amount | Percent |
| Net origination and secondary marketing income | $44 | $33 | $11 | 33% |
| Net mortgage servicing income |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan servicing income | 52 | 50 | 2 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of capitalized servicing | (31) | (25) | (6) | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp; Operating income | 21 | 25 | (4) | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MSR valuation adjustment (1) | (15) | 31 | (46) | (148) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Losses) gains due to MSR hedging | 9 | (29) | 38 | 131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net MSR risk management | (6) | 2 | (8) |  |
| Total net mortgage servicing income | 15 | 27 | (12) | (44) |
| All other |  | 1 | (1) | (100) |
| Mortgage banking income | $59 | $61 | $(2) | (3)% |
| Mortgage origination volume | $4011 | $3440 | $571 | 17% |
| Mortgage origination volume for sale | 2446 | 2025 | 421 | 21 |
| Third party mortgage loans serviced (2) | 33925 | 33404 | 521 | 2 |
| Mortgage servicing rights (2) | 567 | 543 | 24 | 4 |
| MSR % of investor servicing portfolio (2) | 1.67% | 1.63% | 0.04% | 2% |

---

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

(2)At period end.

------

Huntington Bancshares Incorporated

Year-To-Date Credit Reserves Analysis

*(Unaudited)*

---

| | | |
|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 |
| Allowance for loan and lease losses, beginning of period | $2244 | $2255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan and lease charge-offs | (244) | (273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recoveries of loans and leases previously charged off | 92 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loan and lease charge-offs | (152) | (182) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for loan and lease losses | 239 | 231 |
| Allowance for loan and lease losses, end of period | 2331 | 2304 |
| Allowance for unfunded lending commitments, beginning of period | $202 | $145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for unfunded lending commitments | (18) | (26) |
| Allowance for unfunded lending commitments, end of period | 184 | 119 |
| Total allowance for credit losses, end of period | $2515 | $2423 |
| Allowance for loan and lease losses (ALLL) as % of: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 1.73% | 1.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans and leases (NALs) | 277 | 314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets (NPAs) | 274 | 296 |
| Total allowance for credit losses (ACL) as % of: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans and leases | 1.86% | 1.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans and leases (NALs) | 299 | 331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonperforming assets (NPAs) | 295 | 311 |

---

------

Huntington Bancshares Incorporated

Year-To-Date Net Charge-Off Analysis

*(Unaudited)*

---

| | | |
|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 |
| Net charge-offs (recoveries) by loan and lease type: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $80 | $63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | (11) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 75 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 20 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 12 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 44 | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 77 | 70 |
| Total net charge-offs | $152 | $182 |
| Net charge-offs (recoveries) - annualized percentages: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 0.28% | 0.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | (0.20) | 0.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 0.22 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | 0.20 | 0.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 0.01 | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 0.27 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 0.01 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 0.39 | 0.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 4.87 | 6.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 0.27 | 0.26 |
| Net charge-offs as a % of average loans | 0.23% | 0.30% |

---

------

Huntington Bancshares Incorporated

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

*(Unaudited)*

---

| | | |
|:---|:---|:---|
| | At June 30, | At June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 |
| Nonaccrual loans and leases (NALs): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $489 | $346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | 138 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease financing | 10 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 93 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 5 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 105 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RV and marine | 2 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonaccrual loans and leases | 842 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other real estate, net | 10 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other NPAs (1) |  | 37 |
| Total nonperforming assets | $852 | $780 |
| Nonaccrual loans and leases as a % of total loans and leases | 0.62% | 0.59% |
| NPA ratio (2) | 0.63 | 0.63 |
| (NPA+90days)/(Loan+OREO) (3) | 0.81 | 0.77 |

---

---

| | | |
|:---|:---|:---|
| | Six Months Ended June 30, | Six Months Ended June 30, |
| *<u>(dollar amounts in millions)</u>* | 2025 | 2024 |
| Nonperforming assets, beginning of period | $822 | $711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New nonperforming assets | 593 | 579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Returns to accruing status | (58) | (123) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | (112) | (146) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments | (381) | (237) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales | (12) | (4) |
| Nonperforming assets, end of period | $852 | $780 |

---

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

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

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

<br>