Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q3 2025 Earnings Presentation
61 slides from Huntington Bancshares's earnings presentation, Oct 17, 2025
Slide 1: 2025 Third Quarter Earnings Review
(i Huntington 2025 Third Quarter Earnings Review Welcome. The Huntington National Bank is Member FDIC. {@WJ®, Huntington® and t{@jj Huntington. October 17, 2025 are federally registered service marks of Huntington Bancshares Incorporated. ©2025 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, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the pr
Slide 3: Disclaimer (continued)
Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS, Cont’d 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 tim
Slide 4: Our Vision
Our Vision To Be the Leading People-First, Customer-Centered Bank in the Country (2) Huntington Be the most Trusted financial institution Enhance most Caring and Inclusive Culture V) Be an Indispensable Partner for customers \/| Deliver Value through commitment to top-quartile core performance 2025
Slide 5: Key Messages
Key Messages a Powerfully executing on organic growth strategies B Achieving outstanding profitability 8 Poised to springboard growth in key Texas markets ta Huntington 2025 Third Quarter Earnings Review | 5
Slide 6: Systematically Advancing Peer-Leading Performance
Systematically Advancing Peer-Leading Performance Cumulative Growth Rate of Loans (ADB) Cumulative Growth Rate of Deposits (ADB) WY 2024 3Q24 4Q24 1Q25 2Q25 3Q25 2024 3024 4024 Pre-Provision Net Revenue (PPNR) ( Lil] ) +10.2% +7.9% Powerfully 46.4% 173% executing our organic growth strategies = 0.8%
Slide 7: Our Drivers of Value Creation
Our Drivers of Value Creation Differentiated Investing to Drive Onn ael Increasing Powering Competitive Growth Advantage Proven Track Driving Sustainabl Record of Long-term Op ati ng. Acquisition Shareholder Leverage Integration Value Robust Disciplined Risk Capital Management Allocation ta Huntingt
Slide 8: Veritex Creates Springboard for Texas
Veritex Creates Springboard for Texas \ J \ branch footprint ( ) _———————— Expense ROTCE Efficiency Ratio Loans: oans: Synergies ~+30bps? >100bp Improvement? $15B' S y, VY . (Revenue Synergies ) _ - Full suite of branch and digital banking capabilities - Fee services, including payments, wealth and
Slide 9: 2025 Third Quarter Financial Performance
2025 Third Quarter Financial Performance GAAP Adjusted! GAAP EPS of $0.41; Adj. EPS of $0.40 EPS $0.41 $0.40 * Notable Items: * $24 million gain on sale of a portion of our corporate trust and custody business . 4 * $6 million benefit from FDIC DIF assessment ROTCE GAAP Adjusted + $14 million of Ver
Slide 10: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Loan and Lease Balances (ADB) Highlights 9/30 3Q24 4Q24 1Q25 2Q25 3Q25 (EOP) Loan and Lease Balances QoQ (ADB) * Average loan growth of 2.1% QoQ * ~60% growth from core driven by Corporate, Specialty Banking * ~40% growth from geographic expansion a
Slide 11: Deposits | Driving Growth with Disciplined Pricing
Deposits | Driving Growth with Disciplined Pricing Deposit Balances (ADB) Highlights 45.3% YoY Average balances grew 0.8% QoQ $163.4 $164.8$165.2 Achieved cycle to date 32% down beta; continue to expect $159.4 $161.6 - ~40% through the cycle down beta $1565 Average Loan to Deposit Ratio at 82% *.8%
Slide 12: Delivering Sustained Net Interest Income Growth
Delivering Sustained Net Interest Income Growth Net Interest Income (FTE) and Net Interest Margin (NIM) Highlights ¢ Net Interest Income dollars expanded driven by peer leading loan growth and rising NIM over the past 6 consecutive quarters. * NIM up 2bps QoQ - Increase in NIM was largely driven by
Slide 13: Positioning the Balance Sheet for Range of Rate Scenarios
Positioning the Balance Sheet for Range of Rate Scenarios Capital protection in higher rate scenario NIM protection in lower rate scenario Hedging Program Profile — Effective Swaps! * Over LTM, reduced asset sensitivity to near neutral ¢ Natural expansion of asset sensitivity in the medium term abse
Slide 14: Noninterest Income | Growing Diversified Fee Revenues
Noninterest Income | Growing Diversified Fee Revenues Noninterest Income vs. Prior Year Adjusted Noninterest Income By Category? $32 $608 {414% Yor} $16 $16 St | Nee aa ey $523 $8 $531 112% YoY} $606 Nonintersst income? $531 All Other? $476 Customer . A Deposit 3Q24 = Adjust- 3Q24 , Capital 3Q25 Rep
Slide 15: Strategic Fee Revenue Focus Areas | Payments
Strategic Fee Revenue Focus Areas | Payments Non-Interest Income (LTM) Commercial Payment Revenues $73 20% pi Payments $61 Other Capital Wealth Markets 3Q24 3Q25 a Credit Card Merchant Services _ Highlights Purchase Volumes? New Account Acquisition * Payment revenue growth +10% YoY led by +20% growt
Slide 16: Strategic Fee Revenue Focus Areas | Wealth Management
Strategic Fee Revenue Focus Areas | Wealth Management Non-Interest Income (LTM) Wealth Management Fee Revenue $93 ee $104 Payments Other Capital Wealth Markets 3Q24 3Q25 Highlights Household Growth AUM * Delivered +12% YoY growth in Wealth fee revenues $37.0 ate + AUM +11% YoY and Household growth +
Slide 17: Strategic Fee Revenue Focus Areas | Capital Markets
Strategic Fee Revenue Focus Areas | Capital Markets Non-Interest Income (LTM) Capital Markets & Advisory Fees Payments Other Capital Wealth Markets Highlights (J YoY Growth Rate $120 Key Capital Markets Revenues ¢ Drove +21% YoY revenue growthsupported by lending- related capital markets activity wi
Slide 18: Notable Items
• • • • Notable Items include $14 million M&A-related legal, consulting, and contract fees and a $6 million benefit from FDIC DIF assessment
Slide 19: Driving Capital and Tangible Book Value Higher
Driving Capital and Tangible Book Value Higher Highlights CETI1 Ratio % 10.6% % 10.6% 10.4% 10.5% ° 10.5% Target Operating Peo: ee Range 9-10% 19 . F 19% 18% 19 Im AOC! Adj. for Targeting Cash Flow Hedges 9-10% ; Agj. CET1 | Teas aaah 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted CET1 Ratio Drivers Operating wi
Slide 20: Creating Shareholder Value Through Disciplined Management
Creating Shareholder Value Through Disciplined Management ROTCE 4.3% | : : if 7 | 174% Revenue expansion and positive operating leverage drive increased ROTCE ona growing capital base 3Q24 Earnings Capital = Taxesand = 3Q25 Notable 3025 Adjusted Growth Accumulation Other Items Adjusted Tangible Book
Slide 21: 4.2 0% 4.0 0% 3.8 0% 3.6 0% 3.4 0% 3.2 0% 3.0 0%
4.2 0% 4.0 0% 3.8 0% 3.6 0% 3.4 0% 3.2 0% 3.0 0%
Slide 22: Full Year 2025 Outlook
Full Year 2025 Outlook la As of: 7/18/25 10/17/25 Standalone Standalone +Veritex Average Loans _ a9 20) 09 FO Strong year-to-date performance of both FY24 Baseline = $124.5 billion 8 -8% 8% 9-9.5% core markets and expansion initiatives Average Deposits 4-6% 55% ~6.5-T% Sustained deposit gathering fr
Slide 23: Positioned for Powerful Value Creation
Positioned for Powerful Value Creation Culture, Purpose, Scaled and Multiple Revenue Position of Top Quartile and Vision Diversified Growth Levers in Strength with Performance Delivered witha Franchise Regional and Rigorous Risk Driven by Differentiated National Management Disciplined Operating Mode
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) Total revenue (GAAP) $1,874 $1,954 $1,920 $1,938 $2,134 FTE adjustment 13 14 15 16 7 Total revenue (FTE) A 1,887 1,968 1,935 1,954 2,151 Less: Gain on sale of a portion of corporate trust and custody 24 business Less: Net gain / (loss) on secu
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE Average common shareholders’ equity $17,719 $17,979 $18,007 $18,559 $19,197 Less: intangible assets and goodwill 5,674 5,662 5,651 5,640 5,625 Add: net tax effect of intangible assets 24 21 19 16 15 Average tangible common shareholders’ e
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Income and Expense, Efficiency Ratio Noninterest expense (GAAP) $1,130 $1,178 $1,152 $1,197 $1,246 Less: intangible amortization 1 12 1 1 1 Noninterest expense less amortization of intangibles A $1,119 $1,166 $1,141 $1,186 $1,235 Less: Notable Items, pre-
Slide 27: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) Common Equity Tier 1 $14,803 $15,127 $15,269 $15,539 $15,924 Add: accumulated other Comprehensive income (loss) (AOCI) (2,104) (2,866) (2,422) (2,241) (2,065) Less: cash flow hedge (39) (267) (90) (7) 16 Adjusted Common Equity Tier 1 B $12,738 $12,
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Huntington shareholders’ equity $20,606 $19,740 $20,434 $20,928 $22,248 Less: preferred stock 2,394 1,989 1,989 1,989 2,731 Common shareholders’ equity $18,212 $17,751 $18,445 $18,939 $19,517 Less: goodwill 5,561 5,5
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation Operating Leverage | Total revenue (FTE) $7,402 $7,239 $7,203 $7,202 $7,438 $7,606 $7,744 $8,008 YoY Growth Rate A 0.5% 5A% 7.5% 11.2% Less: Net gain / (loss) on securities and gain on sale of a portion of our corporate trust 50 (8) (3) (3) (21) (21) (79) (55) and custody bus
Slide 30: Appendix
Appendix (2) Huntington
Slide 31: 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, th
Slide 32: Table of Contents
Table of Contents Impact of Purchase Accounting Preferred Dividends Digital Metrics Mortgage Banking Noninterest Income Balance Sheet Loan and Leases CRE Overview CRE Concentration and Reserve Coverage Auto Originations Consumer Finance Trends Leveraged Lending Non-Interest Bearing Deposits High Qua
Slide 33: Impact of Purchase Accounting
Impact of Purchase Accounting Loans and Leases $6 $5 $4 $6 $7 Deposits 1 -- -- -- -- Subtotal: Net Interest Income 7 5 4 6 7 Core Deposit Intangible (Noninterest Expense) (8) (8) (8) (7) (7) Purchase Accounting Pre-tax net impact $(1) $(3) $(4) $(1) -- + VBTX accretion based on due diligence marks a
Slide 34: Estimated Preferred Dividends
Estimated Preferred Dividends 2Q25 3Q25 4Q25 1026 2Q26 3Q26 4Q26 Dividends on Preferred Shares $27 $27 $43 $39 $39 $39 $39 (1) Estimated preferred dividends based on projected interest rates for currently outstanding series of preferred shares (2) Huntington 2025 Third Quarter Earnings Review | 34
Slide 35: Consumer and Business Banking Digital Metrics
Consumer and Business Banking Digital Metrics Digital Engagement Digital Originations Average Monthly Active Digital Users"(Millions) New Consumer Deposit Accounts Includes Checking, Savings, MMA 6% 46% 46% 3.58 3.59 3.69 3.70 3.74 J ; ; ; i 4 } i i i 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q2
Slide 36: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary Mortgage Banking Income (MBI) Total Production Mix! $ in millions ies 7% 2.04% 1.87% 1.93% 24% 1.83% 5 1.64% $43 15% sz 88% 76% 83% 85% 85% a 6 on : a 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 == Secondary Market Spreads mm Refinance Net Mortgage S
Slide 37: Balance Sheet
Balance Sheet (2) Huntington
Slide 38: Loans and Leases | Accelerated Loan Growth
Loans and Leases | Accelerated Loan Growth Average Loan and Lease Balances Highlights mm Consumer Loans Loan Portfolio Highlights m= Commercial Loans Ex. CRE * Variable rate and short-term loan portfolios benefitted from CRE Loans +9.2% YoY ~ asset repricing + Auto portfolio weighted-average life (W
Slide 39: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics P f 2025 HBAN (3025) = ' wersase * Well diversified portfolio with rigorous client selection jan: 9 HBAN (2025) 8% Peer Median’: 15% * CRE reserve coverage 3.9% vs. peer median’ of 2.4% (2Q25) Peer 1 9% ' *
Slide 40: 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 5.0% Bw 40% N So Q 2 3.0% -_ oO a oO = 20% o . ‘0 o oO ia Ww mc 10% (S) 0.0% Includes U.S. Listed Banks over $50B in assets as of 6/30/2025! Banks as of 2025 i i ' : HBAN (2Q25) [iC Bank 5 HBAN (3Q25)
Slide 41: Auto — Production Trend
Auto — Production Trend 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1024 4Q23 3Q23 Amount ($ in billions) $2.5 $2.3 $2.0 $2.2 $2.4 $24 $1.6 $1.2 $1.4 % new vehicles 36% 35% 33% 36% 35% 35% 41% 438% 35% Avg. LTV 89% 89% 86% 87% 87% 85% 84% 84% 86% Avg. FICO 774 774 776 778 780 784 783 782 778 B_Vintage Performance
Slide 42: Auto — Proven Track Record of Strategic Growth
Auto — Proven Track Record of Strategic Growth € Optimize through the Cycle } Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield =— = New Origination Yield 6.9% 7.1% 7.2% mm Indirect Auto Production 6.8% Onset of Pandemic (2) Huntington 2025
Slide 43: 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 TotalLoans Ml Auto Loans gi22 $125 $129 $129 $6 $132 girs Strong Credit Quality * Industry knowledge and focus on rigorous customer selection drives outperformance of NCOs * Auto loan
Slide 44: Consumer Finance Trends
Consumer Finance Trends < 2025YTD 2024 2023 2022 2021 2020 2019 Originations ($ in billions) $0.7 $1.2 $1.6 $1.5 $17 $1.6 $1.0 Avg. LTV! 93% 95% 96% 104% 111% 108% 106% Avg. FICO 817 813 810 813 807 808 800 i 2025YTD 2024 2023 2022 2021 2020 2019 Originations (¢ in billions) $2.2 $3.0 $3.4 $5.4 $6.6
Slide 45: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition Highlights * $2.8 billion, or 2.1% of total loan balances, with a defined portfolio concentration limit * HNB leveraged defined as: Senior leverage >3.0x, total leverage >4.0x MM 21% Leveraged i 97.9% All Other * The portfolio is built
Slide 46: Deposits | Non-Interest Bearing (NIB) Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Deposit Balance — End of Period (EOP) Deposit Balance - Average mam Interest Bearing mam Interest Bearing mag Non-Interest Bearing mag Non-Interest Bearing $158.4 $162.4 $165.3 $163.4 $165.2 $156.5 $159.4 $161.6 $163.4 $164.8 3Q24 4Q24 1Q25 2Q25 3
Slide 47: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits! HBAN (2Q25) HBAN (3Q25) Bank 1 Bank 2 Bank 3 BAC Bank 4 Bank 8 Bank 9 Bank 10 Bank 11 Banks as of 2Q25 1% 70% 46% ta Huntington See notes on slide 61 2025 Third Quarter Earnings Review | 47
Slide 48: Diversified Sources of Liquidity
Diversified Sources of Liquidity Robust Level of Available Liquidity! Highlights ($ in billions) * Peer leading available liquidity as a $98 $98 $94 $100 percent of uninsured deposits highlighting the proactive approach to liquidity risk $13 $15 $10 Cash management and strength of our granular depos
Slide 49: Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity
Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity Management Solutions Commercial Off B/S Total Commercial Banking Segment Liquidity Overview Annually * Off balance sheet liquidity solutions ge77 $704 $69.6 $718 $74.8 Total for commercial customers 450.1 $60.0 $62.2 $62.7 $64
Slide 50: Dynamically Optimizing the Securities Portfolio
Dynamically Optimizing the Securities Portfolio Securities + Cash! Average Highlights HI Cash * No securities reinvestment in the quarter ME Securities * Securities yields of 3.72% decreased 23bps QoQ and 53bps YoY $57.8 $57.5 $57.8 $58.2 $57.1 * 37% of portfolio classified as HTM to protect capital
Slide 51: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook! Highlights $ in billions oo. . + Projecting ~16% total AOCI accretion by YE26 vs. Peak 3Q25 level AOC! Loss * Dynamically managing hedge position subject to risk profile and market conditions Components of Fair Value (FV) Mark on i g20 : I
Slide 52: Hedging Balance Update
Hedging Balance Update Hedging Balance Update (as of 9/30/2025) PF Swaps $5.3 $41 2.64 5.94 Total PF Swaps $5.3 $4.1 5.94 RF Swaps $26.9 $25.9 3.32 271 Floor Spreads $10.0 $6.0 2.81/ 3.86 2.09 Total RF Swaps & Floor Spreads $36.8 $31.9 2.54 (2) Huntington 2025 Third Quarter Earnings Review | 52
Slide 53: Tangible Common Equity
Tangible Common Equity Tansbecommeneaiy ) —e—Adjusted TCE Ratio, ex AOCI —e—TCE Ratio ee ° ° 7.7% 7.5% 7.5% 7.5% 6.8% 3Q24 4Q24 1Q25 2Q25 3Q25 ta Huntington See reconciliation on slide 28 (TCE) 2025 Third Quarter Earnings Review | 53
Slide 54: Change in Common Shares Outstanding
Change in Common Shares Outstanding Beginning shares 1459 1457 1454 1453 1452 1449 1448 1,448 1,448 outstanding sinyplloy feo Cally 0 2 3 1 1 3 1 0 0 compensation Share repurchases -- -- -- -- -- -- -- -- -- Ending shares outstanding 1,459 1,459 1,457 1,454 1,453 1,452 1,449 1,448 1,448 Average basi
Slide 55: Credit and Capital
Credit and Capital (2) Huntington
Slide 56: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)! Peers as of 2Q25 13.0% 12.9% "12.5% 12.4% 12.3% 12.2% 12.1% 12.1% 12.1% 12.0% 41.9% 11% = 1.2% 11.7% CETI+ACL 18% 1.4% 1.2% 14% 1.0% 1.6% 1.3% 1.2% ACL Impact 11.9% I 11.7% 10.7% fim 11.0% Fl 10.6% mm 11.0% . mm CET1 Reported Peer1 P
Slide 57: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days') 0.43% 0.28% 0.28% 0.20% 0.19% 921% — oig% 0.18% 9.20% — 0.19% ~~ == 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1024 2Q24 3Q24 4Q24 1025 2Q25 3Q25 Commercial (90+ Days') 0.07% 9 0.03% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 2 2 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23
Slide 58: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days') ae 2.04% 1.96% : 1.93% 1.84% 1.80% 1.92% fo es 175% 174% © stom 475% 176% ~~ — 41.38% ——Residential Mortgage 1.33% 319 38% 435% 133% 115% 114% 119% 1.21% wre 119% 1.25% 127% 130% oe 33% —e—Total Consumer 9 ; - 91% BG 0.96% —%-Automobile 0.71% . —m—Home Equ
Slide 59: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period (Sin milions) 50252025132 | Criticized beginning-of-period $4,650 $4,781 $4,538 $4,703 $5,131 Additions / increases 1,058 881 1,126 909 1,002 Advances 169 213 239 249 191 Upgrades to “Pass” (437) (350) (368) (650) (817) Paydowns (664) (826) (481) (79
Slide 60: Notes
Slide 6: (1) Source: S&P Global - Includes all peers: CMA, CFG, FITB, KEY, MTB, PNC, RF, TFC, USB, and ZION (2) Non-GAAP; Adjustments include a net benefit of $16M in Notable Items and a $2M impact of CRTs (“Credit Risk Transfers”). Slide 8: (1) Source: Company Documents; Data as of June 30, 2025. (
Slide 61: Notes
Notes Slide 35: (1) Active digital users - users of all web and/or mobile platforms who logged in at least once each month of the quarter (2) Active mobile users - users of all mobile platforms who logged in at least once each month of the quarter Slide 36: (1) Total production includes saleable and
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