Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — 2026 Bernstein Strategic Decisions Conference
21 slides from Huntington Bancshares's conference presentation, May 28, 2026
Slide 1: 2026 Bernstein Strategic Decisions Conference
2026 Bernstein Strategic Decisions Conference Welcome. The Huntington National Bank is Member FDIC. Huntington, Huntington Bank, and the May 28, 2026 Huntington Brandmark are 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 historical
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 Comprehensive Set of Consumer and Payments Solutions Regional Banking Franchise in 21 States Full
Slide 4: A Differentiated Model That Wins Across Customers, Colleagues, and Markets
A Differentiated Model That Wins Across Customers, Colleagues, and Markets How We Win • We build longstanding, deep and multi -dimensional customer relationships • We integrate expertise and innovative capabilities to make everyday banking simple • We deliver leading bank capabilities through local,
Slide 5: Key Messages
Key Messages 1 Differentiated super regional bank model with multiple growth engines 2 Focused execution generating robust organic growth 3 Disciplined integrator driving cost and revenue synergies 4 Managing aggregate moderate-to-low risk appetite 5 Powering robust earnings, ROTCE, and TBV growth 2
Slide 6: Built Leading Super-Regional Franchise
Built Leading Super-Regional Franchise Top 10 Bank 2026 and Beyond Industry Leading Growth 2025 • $189B loan portfolio Position of Strength supported by $223B 2023 - 2024 deposit base 1 • Delivered continued Diversification • Expand ed geographic strong organic loan, and Scale deposit and revenue co
Slide 7: Commercial Bank | National Scope and Capabilities
Commercial Bank | National Scope and Capabilities Loans Deposits Leading Scale1 $ 84 B $61B 45% of total 27% of total FY25 Organic Growth Client Relationships Served Nationally Expertise 17 Specialty Verticals ADB Loans 2 : +10% FIG & Fund Finance - Commercial & Industrial Healthcare Banking - Corpo
Slide 8: Consumer & Regional Bank | Differentiated Local Delivery Model
Consumer & Regional Bank | Differentiated Local Delivery Model National Commercial Capabilities Consumer & SMB Banking Capabilities Digital Branch/ATM Wealth Card/Payments Auto & RV/Marine Mortgage Treasury/Merchant Insurance SBA Full Scope of Capabilities Delivered Locally in 21 Regions Full scope
Slide 9: Delivering Robust Loan and Deposit Growth
Delivering Robust Loan and Deposit Growth Cumulative Organic Growth Rate of Loans Key Growth Drivers (EOP excluding Veritex) • C&I -led, driven by Corporate & Specialty Verticals and Middle Market 17.3% • Deepening relationships and expanding wallet share 8.8% 2nd & 3rd • Significant growth in Distr
Slide 10: Driving Increasing Fee Income
Driving Increasing Fee Income Noninterest Income By Category +11% CAGR Across 3 Strategic Segments Total Noninterest $2,175 Income Capital Markets: 18% CAGR $2,040 • Supporting commercial banking activities $1,921 $366 All Other 1 • Deepening Capstone capabilities & expertise $395 • Leveraging platf
Slide 11: Recent Partner Integrations: Veritex Completed, Cadence On-Track
Recent Partner Integrations: Veritex Completed, Cadence On-Track Talent Retention and Colleague Decisions Completed 3Q25 Completed 4Q25 Legal Day 1 Closed Oct. 2025 Closed Feb. 2026 Systems Conversions Converted Jan. 2026 Expected mid - June 2026 Cost Synergies Expect $435M run -rate by 2027 $70M by
Slide 12: Maintain Aggregate Moderate-to-Low Risk Appetite
Maintain Aggregate Moderate-to-Low Risk Appetite Liquidity Capital Reserves Credit Losses Cash + borrowing adj. CET13 / CET1 ACL NCOs capacity as % of uninsured deposits2 173% 9.2% 10.2% 1.78% 0.26% Peer Median1 90% 9.2% 10.6% 1.57% 0.38% Highlights • Peer leading liquidity • Robust ROTCE supports s
Slide 13: Disciplined Capital Allocation Framework to Compound Shareholder Value
Disciplined Capital Allocation Framework to Compound Shareholder Value Capital Priorities 1 Fund Organic Growth 2 Support the Dividend 3 Buybacks / Other CET1 Ratio Dividend Yield 1 10.2% 10.5% 10.4% Buybacks 9.3% 9.4% Common $1,476 Dividends 9.0% 9.2% 8.6% 8.7% $650 3.9% 7.3% $907 $911 $916 $938 $8
Slide 14: Revenue Growth and Cost Reengineering Powers Elevated Reinvestment
Revenue Growth and Cost Reengineering Powers Elevated Reinvestment Strong Revenue Growth… … And Systematic Re - Engineering of Baseline Expenses… 1.8x $8.3 Revenue (FTE), Adj. 1 • Baseline expense reduction of ~1.3%/year $0.5 Adjustments BPO, Automation, AI • Cumulative efficiency gains & Other $8.2
Slide 15: Flywheel for Value Creation
Flywheel for Value Creation Differentiated Operating Model Sustainable Strong Revenue Competitive Growth and Advantage Profitability Expanding Investment Capacity Top Tier 2025 Performance Revenue EPS / adj. ROTCE / adj. TBV Growth +11% +14% / 16%1 15.7% / 16.4%1 +19%1 4Q25 YoY Note: (1) Non-GAAP Me
Slide 16: Model Drives Meaningful Shareholder Value Creation
Model Drives Meaningful Shareholder Value Creation Robust Earnings Growth Top Quartile ROTCE Building Tangible Book Value $1.90 - FY25 FY27E 1.93 Peer 1 Peer 1 Peer 2 Peer 2 $1.45 1 Peer 3 18-19% Peer 4 $1.45 1 Adj. $0.06 Peer 3 Peer 5 Peer 4 16.4%1 Peer 5 $9.89 1 EPS Peer 6 Peer 6 $1.39 GAAP Peer 7
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 2021 2022 2023 2024 2025 1Q26 Common Equity Tier 1 A 12,249 $13,290 $14,212 $15,127 $17,286 $21,160 Add: accumulated other (229) (3,096) (2,676) (2,866) (1,904) (2,055) Comprehensive income (loss) (AOCI) Less: cas
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation Revenue, Earnings Per Share (EPS) ($ in millions) FY25 Total revenue (GAAP) $8,166 FTE adjustment 65 Total revenue (FTE) 8,231 Less: Gain on sale of a portion of corporate trust and custody business 24 Less: Net gain / (loss) on securities (58) Less: Impact of CRTs (13) Total
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ 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 $13,520 Net income available to common
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Operating Leverage ($ in millions) FY25 Total revenue (FTE) $8,231 YoY Growth Rate A 10.7% Less: Net gain / (loss) on securities and gain on sale of a portion of our corporate trust and custody (34) business Total Revenue (FTE), excluding net gain / (loss) on securities and g
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ 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
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