Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — 2026 UBS US Financial Services Conference
23 slides from Huntington Bancshares's conference presentation, Feb 10, 2026
Slide 1: 2026 UBS US Financial Services Conference
2026 UBS US Financial Services Conference Welcome. The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. February 10, 2026 are federally registered service marks of Huntington Bancshares Incorporated. ©2026 Huntington Bancshares Incorporated.
Slide 2: Disclaimer
Disclaimer CAUTION REGARDING FORWARD - LOOKING STATEMENTS The information contained or incorporated by reference in this presentation contains certain forward -looking statements, includi ng, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historica
Slide 3: Key Messages
Key Messages 1 Differentiated super regional bank model 2 Focused execution generating powerful organic growth 3 Proven expertise in seamlessly integrating new partners 4 Compelling flywheel for value creation Powering robust revenue, earnings and tangible book value growth and improving ROTCE UBS F
Slide 4: Proud 160 year history. Accelerating into the future.
Proud 160 year history. Accelerating into the future. Vision To Be the Leading People - First, Customer - Centered Bank in the Country Super Regional Bank Positioned for Strong Secular Growth Powerhouse Local Delivery of Consumer and National Capabilities Regional Banking with Deep Customer Franchis
Slide 5: Our Drivers of Value Creation
Our Drivers of Value Creation 2025 Results Revenue +11% Growth Differentiated Investments Drive Operating Model Competitive Advantage Operating +70bps Powers Growth Leverage +290bps adj. Proven Driving NCO Ratio 0.23% Execution and Long - term Sustainable Integration Operating Shareholder Leverage T
Slide 6: Proven Expertise in Integrating New Partners
Proven Expertise in Integrating New Partners Talent Retention and Colleague Decisions Legal Day 1 Systems Conversions Cost Synergies Ongoing Revenue Synergies UBS Financial Services Conference 6
Slide 7: Leading Texas Presence is a Springboard for Acceleration
Leading Texas Presence is a Springboard for Acceleration Rank Bank Deposits ($B) Texas Market 1 JPMorgan Chase $296 2 Bank of America 182 3 Wells Fargo 82 4 Cullen/Frost 42 Dallas 5 Prosperity (pro forma ) 39 #5 6 PNC 29 DFW Deposit Rank 7 Texas Capital 27 8 Huntington 26 9 Zions 14 10 First Financi
Slide 8: Flywheel for Value Creation
Flywheel for Value Creation Differentiated Operating Model Sustainable Strong Revenue Competitive Growth and Advantage Profitability Expanding Investment Capacity UBS Financial Services Conference 8
Slide 9: Key Outcomes / Financial Outlook
Financial Outlook Differentiated Operating Model Key Outcomes Revenue synergies, capital markets expansion and organic growth will partially offset lower expected PAA in Sustainable Strong 2026-27 Revenue Competitive Growth and Advantage Profitability Expect to reinvest an incremental portion of the
Slide 10: Operating Model and Synergies Powers Accelerating Revenue Growth
Operating Model and Synergies Powers Accelerating Revenue Growth At Oct. ’25 Due Diligence Latest Forecast ~$12.7B $100M ~$12.6B $380M ~$230M ~$4.0B ~$4.0B Adjustments Adjustments $47M $47M $8.2B • $80 -90M from $8.2B Janney • ~$150M in revenue synergies 2025 Revenue Forecast 2027E 2025 Revenue Fore
Slide 11: Expanding Revenues and Reengineering Costs
Expanding Revenues and Reengineering Costs Strong Revenue Growth… … And Systematic Re - Engineering of Baseline Expenses… 1.8x $8.3 Revenue (FTE), Adj. • Baseline expense reduction of ~ 1.3%/ year $0.5 Adjustments BPO, Automation, AI • Cumulative efficiency gains & Other $8.2 of >$1.4B to - date 1 V
Slide 12: Significant Growth in High-Return Investments
Significant Growth in High-Return Investments Categories of Investment Revenue Focused Investment Areas Payments / National 4.2x Geographic Growth Wealth / Specialty Personnel Expansion Cap Markets Verticals 3.9x Franchise 3.1x Consumer Marketing Denovo & Regional Branches Banking Performance Locali
Slide 13: Partnerships Synergies Create Additional Investment Capacity
Partnerships Synergies Create Additional Investment Capacity Expense Synergy Drivers Revenue Synergy Drivers Colleague Decisioning Full Franchise Capabilities & Scale Single Technology Stack Deposit Deepening & Optimization Vendor Rationalization Digital Acquisition Consolidated Operations Enterpris
Slide 14: 2026 Revenue Walk
2026 Revenue Walk $600 - $650 $11.3B - $11.4B ~$50 -$75 $2.4B - $2.5B • Funds $8,278 incremental investments of Adjustments $30 -40M (noted $47 • Includes ~$ 100M on slide 15) in PAA $8,231 FY26E Guidance FY25 FY25E NII Fee Total Revenue Synergies Total Growth Growth $ in millions unless otherwise n
Slide 15: 2026 Expense Walk
2026 Expense Walk ~ $1,220 $6.4B -$6.6B ~ $145 ~ $30 ~ ($270) ~ ($100) $5.35B - $5.45B • 1 month • CADE 2026 of CADE 1 forecast FY26E + ~$1.1B + an incremental $30 -40M in 27E FY26E funded by revenue FY26E synergies Pro - (as seen on slide 14) Forma = $60 -70M total HBAN + CADE 4Q25 Cost Annualizati
Slide 16: 2026-2027 Earnings Per Share Expectations
2026-2027 Earnings Per Share Expectations Earnings Per Share Walk 2027 Key Metrics Current $0.25 - $0.28 $0.05 - $0.08 $0.03 - $0.04 Efficiency Ratio consensus $1.67 $(0.03) $1.90 - ~53% $75 -100M • incremental $1.93 $1.60 • Loan growth revenue Current ~7-9% synergies consensus adjusted • NIM mid •
Slide 17: Appendix
Appendix UBS Financial Services Conference 17
Slide 18: 2026 Cadence Revenue Decomposition
2026 Cadence Revenue Decomposition +~$ 1,775 - $ 1,825 +~$300 $11.3-$11.4B ~$1,825 - $1,875 ~$100 ~$330 ~$(30) $9.3B ~$(150) • CADE 2026 forecast 1 month • Reflects updated adjusted for $50 - 1 month PAA estimate versus 60M reduction from of CADE • CADE 2026 of CADE outlook at due alignment to forec
Slide 19: Updated PAA schedule
Updated PAA schedule Purchase Accounting Accretion (PAA) Summary Projected ($ in millions) FY26 FY27 FY28 After FY28 Loans and Leases $117 $110 $93 $141 Deposits (9) -- -- -- Subtotal: Net Interest Income 108 110 93 141 Core Deposit Intangible (Noninterest Expense) (167) (162) (142) (213) Purchase A
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) % Change ($ in millions) FY24 FY25 FY25 vs. FY24 Total revenue (GAAP) $7,385 $8,166 FTE adjustment 53 65 Total revenue (FTE) A 7,438 8,231 Less: Gain on sale of a portion of corporate trust and custody business -- 24 Less: Net gain / (loss) on
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Operating Leverage Twelve Months Ended ($ in millions) Dec 31, 2024 Dec 31, 2025 Total revenue (FTE) $7,438 $8,231 YoY Growth Rate A 10.7% Less: Net gain / (loss) on securities and gain on sale of a portion of our (21) (34) corporate trust and custody business Total Revenue (
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 4Q24 4Q25 Huntington shareholders’ equity $19,740 $24,342 Less: preferred stock 1,989 2,731 Common shareholders’ equity $17,751 $21,611 Less: goodwill 5,561 5,997 Less: ot
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) FY25 Average common shareholders’ equity $19,241 Less: intangible assets and goodwill 5,740 Add: net tax effect of intangible assets 19 Average tangible common shareholders’ equity A $13,520 Net income available to common
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