Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q4 2025 Earnings Presentation
56 slides from Huntington Bancshares's earnings presentation, Jan 22, 2026
Slide 1: 2025 Fourth Quarter Earnings Review
2025 Fourth Quarter Earnings Review Welcome. The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. January 22, 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: 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 4: Our Drivers of Value Creation
Our Drivers of Value Creation 2025 Results Differentiated Investments Drive Operating Model Revenue Competitive +11% Powers Growth Advantage Growth Operating +70bps Driving Leverage +290bps adj. Proven Execution Sustainable Long - term Operating and Integration Track Record Shareholder Leverage PPNR
Slide 5: Key Messages
Key Messages 1 Focused execution generating powerful organic growth 2 Proven expertise in seamlessly integrating new partners 3 Driving exceptional profitability and value creation Powering robust revenue, earnings and tangible book value growth and improving ROTCE 2025 Fourth Quarter Earnings Revie
Slide 6: Focused execution generating powerful organic growth
Focused execution generating powerful organic growth Cumulative Organic Growth Rate of Loans (ADB excluding Veritex) +$11.0B, 8.6% 2nd & 3rd Quartile 2.1% Peer Median 1 4Q24 1Q25 2Q25 3Q25 4Q25 Cumulative Organic Growth Rate of Deposits (ADB excluding Veritex) +$6.8B, 4.2% 2nd & 3rd Quartile 1.1% Pe
Slide 7: 2025 Strategic Investments Provide Springboard for Organic Growth
2025 Strategic Investments Provide Springboard for Organic Growth Augmenting Growth Adding Opportunity Capabilities Franchise Expansion (NC, SC, TX) TM Capital & Janney Capital Expanded Commercial Verticals Commercial Payments Services Veritex Partnership Integrated Fintech Partner - Driven Solution
Slide 8: Differentiated Approach to Partnerships
Differentiated Approach to Partnerships Proven Integration Playbook Drives Key Outcomes… Collaborative Approach For Colleagues For Customers • Welcoming Culture • Continuity in Service Engage and Retain Key Leaders • Broader Capabilities • Value - Added Services • Local Operating Model • Enhanced Di
Slide 9: Proven Expertise in Integrating New Partners
Proven Expertise in Integrating New Partners Talent Retention and Colleague Decisions Systems Conversions Set for mid - year 2026 Cost Synergies Ongoing Revenue Synergies 2025 Fourth Quarter Earnings Review | 9
Slide 10: Delivering Exceptional Profitability
Delivering Exceptional Profitability 4Q25 Key Metrics 4Q25 and FY25 Highlights EPS GAAP Adjusted 1 Sustained organic loan and deposit growth Notable Items Pre -Tax: $130M $0.30 $0.37 • Average loans increased $10.7 billion QoQ - Average organic loan growth of $3.3 billion GAAP Adjusted 1 - Acquired
Slide 11: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Loan and Lease Balances (ADB) Highlights $149.6 • Average loan growth of 7.8% QoQ or 2.4% QoQ excluding the $146.6 impact of Veritex • Full year organic growth exceeded loans acquired $133.2 $135.9 - 52% growth from core driven by Corporate, Special
Slide 12: Deposits | Driving Growth with Disciplined Pricing
Deposits | Driving Growth with Disciplined Pricing Deposit Balances (ADB) Highlights • Average balances grew 5.1% QoQ $176.6 • Achieved cycle to date 35% down beta $173.2 • Disciplined deposit pricing in support of core funding and $161.6 $163.4 $164.8 revenue growth $159.4 +5.1% • Added $7.7B in Ve
Slide 13: Delivering Sustained Net Interest Income Growth
Delivering Sustained Net Interest Income Growth Net Interest Income (FTE)1 and Net Interest Margin (NIM)1 Highlights • Net Interest Income dollars expanded sequentially driven by peer leading loan growth and rising NIM over the past 5 consecutive quarters. $1,609 • NIM up 2bps QoQ, driven by contrib
Slide 14: Noninterest Income | Growing Diversified Fee Revenues
Noninterest Income | Growing Diversified Fee Revenues Noninterest Income vs. Prior Year Adjusted Noninterest Income By Category1 $9 $8 $7 $585 $21 $580 $559 $(19) Total Adjusted 2nd largest $580 $585 Noninterest Income 1 quarter all-time $105 All Other 2 $484 $117 Customer 4Q24 Adjust - 4Q24 1 Wealt
Slide 15: Noninterest Income | Consistent Execution Drives Consistent Growth
Noninterest Income | Consistent Execution Drives Consistent Growth Adjusted Noninterest Income By Category1 FY25 Highlights • Exceptional progress in growing strategically relevant services Total Adjusted $2,222 Noninterest Income 1 • Customer deposit and loan fees +17% driven by robust organic $2,0
Slide 16: Noninterest Expense | Delivering Positive Operating Leverage
Noninterest Expense | Delivering Positive Operating Leverage Noninterest Expense (NIE) Highlights $1,420 • 290bps of adjusted operating leverage; ~100 -150bps $1,178 $1,152 $1,197 $1,246 $130 Notable Items above initial 2025 plan $3 $8 $(3) $3 • Continuing program of strategic investments drive reve
Slide 17: Capital Priorities Support Organic Loan Growth, Dividends, Partnerships, and Share Repurchases
Capital Priorities Support Organic Loan Growth, Dividends, Partnerships, and Share Repurchases CET1 Ratio Highlights • Operating within target Adjusted CET1 operating 10.5% 10.6% 10.5% 10.6% 10.4% Target Operating range of 9 - 10% Range 9 -10% CET1 accretion from retained earnings 1.7% 1.5% 1.4% 1.2
Slide 18: Creating Shareholder Value Through Disciplined Management
Creating Shareholder Value Through Disciplined Management ROTCE Driving Returns 2.1% Revenue expansion and 0.7% 16.4% positive operating leverage 16.0% 15.7% (2.4%) drive increased adjusted ROTCE on a growing capital base 2024 Earnings Tangible 2025 Notable 2025 Adjusted Growth Common Equity Items A
Slide 19: Top Tier Credit Performance
Top Tier Credit Performance Net Charge-Off Ratio Allowance for Credit Losses (ACL) 0.47% 0.43% 0.42% 0.44% 0.42% Peer Median 1 1.88% 1.87% 1.86% 1.86% 1.83% 2nd & 3rd Quartile 1 0.30% Peer Median 0.26% 0.24% 0.22% 1.64% 1.64% 1.63% 1.62% 1.61% 0.20% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25
Slide 20: Full Year 2026 Outlook
Full Year 2026 Outlook FY26 Guidance Standalone + Cadence Commentary Expect accelerating earning asset growth and expanding NIM to Net Interest Income 10-13% + ~$1,850 - $1,900 drive record NII in 2026; Cadence contribution including PAA to FY25 Baseline = $6.056 billion be updated post -close Avera
Slide 21: Positive Medium-Term Financial Targets
Medium-Term Financial Targets 6 - 9% 18 - 19% Positive PPNR Operating ROTCE Leverage CAGR See reconciliations on slide 23 (PPNR), slide 24 (ROTCE), and slide 28 (Operating Leverage) 2025 Fourth Quarter Earnings Review | 21
Slide 22: Flywheel for Value Creation
Flywheel for Value Creation Differentiated Operating Model Sustainable Strong Revenue Competitive Growth and Advantage Profitability Expanding Investment Capacity 2025 Fourth Quarter Earnings Review | 22
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) % Change % Change ($ in millions) 4Q24 4Q25 4Q25 vs. FY24 FY25 FY25 vs. 4Q24 FY24 Total revenue (GAAP) $1,954 $2,174 $7,385 $8,166 FTE adjustment 14 17 53 65 Total revenue (FTE) A 1,968 2,191 7,438 8,231 Less: Gain on sale of a portion of corp
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 Average common shareholders’ equity $17,979 $18,007 $18,559 $19,197 $21,165 $17,347 $19,241 Less: intangible assets and goodwill 5,662 5,651 5,640 5,625 6,043 5,680 5,740 Add: net tax eff
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Income and Expense, Efficiency Ratio Efficiency Ratio ($ in millions) – Pre-tax 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest expense (GAAP) $1,178 $1,152 $1,197 $1,246 $1,420 Less: intangible amortization 12 11 11 11 13 Noninterest expense less amortization of in
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 4Q24 1Q25 2Q25 3Q25 4Q25 Common Equity Tier 1 A $15,127 $15,269 $15,539 $15,924 $17,276 Add: accumulated other (2,866) (2,422) (2,241) (2,065) (1,904) Comprehensive income (loss) (AOCI) Less: cash flow hedge (267)
Slide 27: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 4Q24 1Q25 2Q25 3Q25 4Q25 Huntington shareholders’ equity $19,740 $20,434 $20,928 $22,248 $24,342 Less: preferred stock 1,989 1,989 1,989 2,731 2,731 Common shareholders’ e
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Operating Leverage Twelve Months Ended ($ in millions) Dec 31, 2024 Dec 31, 2025 Total revenue (FTE) $7,438 $8,231 YoY Growth Rate A 10.7% Less: Net gain / (loss) on securities and gain on sale of a portion of our (21) (34) corporate trust and custody business Total Revenue (
Slide 29: Appendix
Appendix (2) Huntington
Slide 30: Basis of Presentation
Basis of Presentation Use of Non -GAAP Financial Measures This document contains GAAP financial measures and non -GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position . Where non -GAAP financial measures are used
Slide 31: Table of Contents
Table of Contents Impact of Purchase Accounting 32 High Quality, Granular Deposit Base 44 Preferred Dividends 33 Diversified Sources of Liquidity 45 Balance Sheet 34 Securities Portfolio 46 Loan and Leases 35 Accumulated Other Comprehensive Income 47 CRE Overview 36 Hedging Balance Update 48 CRE Con
Slide 32: Impact of Purchase Accounting
Impact of Purchase Accounting Purchase Accounting Accretion (PAA) Summary Projected ($ in millions) 1Q26 2Q26 3Q26 4Q26 Loans and Leases $2 $1 $2 $1 Deposits (2) -- -- -- Subtotal: Net Interest Income -- 1 2 1 Core Deposit Intangible (Noninterest Expense) (7) (7) (7) (6) Purchase Accounting Pre - ta
Slide 33: Estimated Preferred Dividends
Estimated Preferred Dividends ($ in millions) Actuals Projected1 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 Dividends on Preferred Shares $27 $43 $39 $39 $39 $39 (1) Estimated preferred dividends based on projected interest rates for currently outstanding series of preferred shares (2) Estimated preferred divide
Slide 34: Balance Sheet
Balance Sheet (2) Huntington
Slide 35: Loans and Leases | Accelerated Loan Growth
Loans and Leases | Accelerated Loan Growth Average Loan and Lease Balances Highlights Consumer Loans Loan Portfolio Highlights Commercial Loans Ex. CRE • Variable rate and short -term loan portfolios benefitted from CRE Loans asset repricing $146.6 • Auto portfolio weighted -average life (WAL) < 2 y
Slide 36: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics Peers as of 3Q25 HBAN (3Q25) 8% • Well diversified portfolio with rigorous client selection Peer Median 1: 15% Peer 1 9% • CRE reserve coverage 3.7% vs. peer median 1 of 2.3% (3Q25) Peer 2 9% • Office reser
Slide 37: CRE | Low Concentration and Top Tier Reserve Coverage
CRE | Low Concentration and Top Tier Reserve Coverage CRE Reserve Ratio vs. CRE as % of Total Loans Includes U.S. Listed Banks over $50B in assets as of 9/30/20251 Banks as of 3Q25 5.0% HBAN (3Q25) 4.0% HBAN (4Q25) CRE Reserve Ratio (3Q25) Bank 3 3.0% Bank 1 Bank 5 Bank 8 Bank 12 Bank 11 Bank 14 2.0
Slide 38: Auto – Production Trend
Auto – Production Trend Originations 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 Amount ($ in billions) $2.1 $2.5 $2.3 $2.0 $2.2 $2.4 $2.1 $1.6 $1.2 % new vehicles 39% 36% 35% 33% 36% 35% 35% 41% 43% Avg. LTV 89% 89% 89% 86% 87% 87% 85% 84% 84% Avg. FICO 775 774 774 776 778 780 784 783 782 Vintage
Slide 39: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield 7.1% 7.2% New Origination Yield 6.9% Indirect Auto Production 6.8% 6.8% 6.3% 6.4% 6.3% 6.2% 5.9% 6.1% $2.5 $2.4 $2.3
Slide 40: Auto | Strong Credit Performance Through the Cycle
Auto | Strong Credit Performance Through the Cycle Highlights Auto Loans and % of Total Loans (EOP)($B) Auto % of Total Loans Auto Loans $16.0 $16.2 Strong Credit Quality $13.6 $13.2 $14.6 $14.9 $15.4 $12.2 $12.5 $12.9 $12.9 $12.5 • Industry knowledge and $11.0 focus on rigorous customer $8.7 $9.5 s
Slide 41: Consumer Finance Trends
Consumer Finance Trends Residential Mortgage RV and Marine 2025 2024 2023 2022 2021 2020 2019 Originations ($ in billions) $1.0 $1.2 $1.6 $1.5 $1.7 $1.6 $1.0 Avg. LTV 1 93% 95% 96% 104% 111% 108% 106% Avg. FICO 809 813 810 813 807 808 800 Residential Mortgage Residential Mortgage 2025 2024 2023 2022
Slide 42: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition Highlights • $2.9 billion, or 2.0% of total loan balances, with a defined portfolio concentration limit • HNB leveraged defined as: Senior leverage >3.0x, total leverage >4.0x 2.0% Leveraged 98.0% All Other • The portfolio is built aro
Slide 43: Deposits | Non-Interest Bearing (NIB) Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Deposit Balance – End of Period (EOP) Deposit Balance - Average Interest Bearing Interest Bearing Non -Interest Bearing Non -Interest Bearing $176.6 $163.4 $164.8 $173.2 $162.4 $165.3 $163.4 $165.2 $159.4 $161.6 $29.3 $30.2 $28.7 $28.6 $32.2 $29.6
Slide 44: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits1 Banks at 3Q25 HBAN (3Q25) 70% HBAN (4Q25) 70% Bank 1 63% Bank 2 60% Bank 3 59% BAC 59% Bank 4 57% Bank 5 56% Bank 6 55% Bank 7 55% Bank 8 54% C 54% JPM 54% Bank 9 54% WFC 53% Bank 10 49% Bank 11 44% See notes on slide 56 2
Slide 45: Diversified Sources of Liquidity
Diversified Sources of Liquidity Robust Level of Available Liquidity1 Highlights ($ in billions) • Peer leading available liquidity as a $98 $98 $100 $101 percent of uninsured deposits highlighting $13 $13 Cash the proactive approach to liquidity risk $15 $10 management and strength of our granular
Slide 46: Dynamically Optimizing the Securities Portfolio
Dynamically Optimizing the Securities Portfolio Securities + Cash1 Average Highlights • Acquired $1.3bn from Veritex acquisition; repositioned Cash $0.8bn longer -duration securities into shorter -duration Securities securities at a 5.26% yield $57.5 $57.8 $58.2 $57.1 • Securities yields of 3.46% de
Slide 47: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook1 Highlights $ in billions • Projecting ~10% total AOCI accretion by YE26 vs. Peak 4Q25 level AOCI Loss • Dynamically managing hedge position subject to risk profile and market conditions $3.6 Components of Fair Value (FV) Mark on Investment
Slide 48: Hedging Balance Update
Hedging Balance Update Hedging Balance Update (as of 12/31/2025) Weighted WAL Program Notional Effective Avg Rate (%) (Years) PF Swaps $5.1 $4.0 2.68 5.85 Total PF Swaps $5.1 $4.0 5.85 RF Swaps $28.9 $26.4 3.31 2.58 Floor Spreads $10.0 $6.8 2.81 / 3.86 1.84 Total RF Swaps & Floor Spreads $38.9 $33.2
Slide 49: Positioning the Balance Sheet for Range of Rate Scenarios
Positioning the Balance Sheet for Range of Rate Scenarios Hedging Program Profile – Effective Swaps1 Objectives Future Effective Swap Profile Capital protection $6.0 $6.8 $7.2 $5.0 Floor $6.0 $5.0 $5.0 in higher rate $6.0 Spreads scenario $6.0 Receive $23.4 $25.9 $26.4 $26.1 $25.6 $24.4 $23.5 $20.3
Slide 50: Credit and Capital
Credit and Capital (2) Huntington
Slide 51: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)1 Peers as of 3Q25 13.0% 12.9% 12.6% 12.3% 12.3% 12.3% 12.2% 12.2% 1.2% 1.0% 12.0% 12.0% 12.0% 11.9% 1.7% 1.0% CET1 + ACL 1.3% 1.7% 1.3% 1.2% 1.6% 1.4% 1.3% 1.2% ACL Impact 11.8% 11.9% 10.9% 11.0% 11.3% 10.9% 11.0% 10.6% 10.4% 10.6% 10
Slide 52: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days1) 0.28% 0.28% 0.23% 0.21% 0.21% 0.19% 0.20% 0.19% 0.18% 0.18% 0.20% 0.19% 0.15% 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Commercial (90+ Days1) 0.05% 0.03% 0.03% 0.03% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 4Q22 1Q2
Slide 53: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days1) 2.18% 2.02% 2.04% 1.92% 1.96% 1.93% 1.74% 1.80% 1.69% 1.75% 1.72% 1.75% 1.76% 1.47% Residential Mortgage 1.33% 1.31% 1.38% 1.30% 1.35% 1.33% 1.19% 1.21% 1.19% 1.25% 1.27% Total Consumer 1.14% 1.09% 1.11% 1.01% 1.01% 1.02% 0.92% Automobile 0.89% 0.86% 0.89%
Slide 54: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 4Q25 3Q25 2Q25 1Q25 4Q24 Criticized beginning -of-period $4,702 $4,650 $4,781 $4,538 $4,703 Additions / increases 721 1,058 881 1,126 909 Advances 204 169 213 239 249 Upgrades to “Pass” (319) (437) (350) (368) (650) Paydowns (862) (66
Slide 55: Notes
Notes Slide 6: (1) Source: S&P Global – Includes all peers: CMA, CFG, FITB, KEY, MTB, PNC, RF, TFC, USB, and ZION Slide 10: (1) Non -GAAP; Excludes $130M pre -tax expense for Notable Items. (2) AOCI adjustment aligned to the GSIB reporting requirement – inclusion of AOCI adjusted for cash flow hedge
Slide 56: Notes
Notes Slide 36 : (1) Peer data as of 3Q25. Source: Company's 2025 Form 10 -Q or Bank Call Report depending on data availability; includes all peers: C MA, CFG, FITB, KEY, MTB, PNC, RF, TFC, USB, and ZION Slide 37: (1) Source: Company 2025 Quarterly Report on Form 10 -Q's. Includes publicly listed US
Huntington Bancshares — Q4 2025 Earnings Presentation on 6ix