Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q2 2026 Earnings Presentation
52 slides from Huntington Bancshares's earnings presentation, Jul 23, 2026
Slide 1: 2026 Second Quarter Earnings Review
2026 Second Quarter Earnings Review Welcome. The Huntington National Bank is Member FDIC. Huntington, Huntington Bank, and the July 23, 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 historica
Slide 3: Key Messages
Key Messages 1 Strategically repositioned company with substantial operating scale and multiple growth engines 2 Focused execution generating powerful organic growth 3 Disciplined partner integration driving cost and revenue synergies 4 Delivering robust earnings, ROTCE, and TBV growth 2026 Second Q
Slide 4: Our Drivers of Value Creation
Our Drivers of Value Creation PPNR Growth YoY +38% GAAP | + 46% adj.1 Differentiated Investments Drive Operating Model Powers Growth Competitive Advantage ROTCE 15.1% GAAP | 17.5% adj.1 Driving Proven Execution and Integration Long - term Sustainable Operating TBV/share1 Growth YoY Track Record Shar
Slide 5: Focused Execution Generating Powerful Organic Growth
Focused Execution Generating Powerful Organic Growth Cumulative Organic Growth Rate of Average Loans1,2 +11.6% +9.8% +8.6% +3.0% +4.8% +2.0% 2nd & 3rd Quartile Peer Median 1 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Cumulative Organic Growth Rate of Average Deposits1,2 +6.2% +3.9% +3.4% 2nd & 3rd Quartile
Slide 6: Purpose leads. Awards follow.
Purpose leads. Awards follow. CONSUMER & DIGITAL MOST RECENTLY… COMMERCIAL BANKING Best Bank Award 4 Winner: 15 Categories including: Best Bank for Trust for 3yrs in a row Overall Satisfaction and Customer Service Best Mobile Banking App & Website Experience for Customer Satisfaction among Regional
Slide 7: Completed Recent Partner Integrations
Completed Recent Partner Integrations Talent Retention and Colleague Decisions Completed 3Q25 Completed 4Q25 Legal Day 1 Closed Oct. 2025 Closed Feb. 2026 Systems Conversions Converted Jan. 2026 Converted June 2026 Cost Synergies Expect $435M run -rate by 2027 $70M Achieved 2Q26 Expect $365M by 4Q26
Slide 8: Merger Synergies | Early Momentum with Cadence Revenue Opportunities
Merger Synergies| Early Momentum with Cadence Revenue Opportunities Revenue Synergy Actions Taken and Early Wins Opportunities • Local Cadence teams using Huntington’s broader product set to retain clients, build full relationships, and compete more effectively Full Franchise • Specialty verticals a
Slide 9: Delivering Exceptional Profitability
Delivering Exceptional Profitability 2Q26 Key Metrics 2Q26 Highlights EPS GAAP Adjusted 1 Continued strong fundamental organic growth Notable Items $0.33 $0.39 • ADB Loans (normalized for Cadence) 2: + 1.2% QoQ Pre -Tax: $152M • ADB Deposit (normalized for Cadence) 2: +1.8% QoQ GAAP Adjusted 1 ROTCE
Slide 10: Tremendous Revenue and PPNR Momentum
Tremendous Revenue and PPNR Momentum Total Revenue (FTE)1 Revenue expansion driven by peer leading growth and $2,592 $2,857 investments in strategic $1,954 $2,151 $2,191 value - added fee capabilities 2Q25 3Q25 4Q25 1Q26 2Q26 Pre-Provision Net Revenue (PPNR) Adjustments 1 PPNR $1,198 $1,068 PPNR gro
Slide 11: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Loan and Lease Balances (ADB) Highlights • Average loan growth of 8.6% QoQ or 1.2% QoQ normalized $189.3 $189.4 for additional month of Cadence $174.2 • Powerful organic growth driven by Corporate and Specialty Banking, Asset Finance , and Middle Ma
Slide 12: Deposits | Driving Growth with Disciplined Pricing
Deposits | Driving Growth with Disciplined Pricing Deposit Balances (ADB) Highlights • Average deposit growth of 9.2% QoQ or 1.8% normalized for additional month of Cadence – Average deposit growth outpaced loan growth during the $223.4 $222.5 quarter, in -line with expectations $204.6 $173.2 • Disc
Slide 13: Delivering Sustained Net Interest Income Growth
Delivering Sustained Net Interest Income Growth Net Interest Income (FTE)1 Highlights • 2Q26 interest income driven by sequential loan growth – Expect continued broad -based loan growth in 3Q26 and 4Q26 $2,072 • Loans funded by strong deposit growth through 4Q26 $1,910 – Expect deposit growth to out
Slide 14: NIM Expansion
NIM Expansion Net Interest Margin (NIM)1 3.24% 3.21% 3.15% 3.13% 3.10% 3.11% 3.03% 3.01% 2.99% 2.98% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26E 4Q26E Highlights Low Beginning NIM 3.24% 3.21% • Positioned for NIM expansion in the 3rd and 4th quarters 3.20s – Benefiting from continued fix
Slide 15: Noninterest Income | Growing Diversified Fee Revenues
Noninterest Income | Growing Diversified Fee Revenues Noninterest Income By Category Highlights 2Q26 Includes • Noninterest income grew 67% vs the prior year ~$80M from $785 Total Noninterest Cadence • Legacy Noninterest income 2 growth was ~30% including: Income – Capital Markets: ~46% – Payments:
Slide 16: Noninterest Expense | Delivering Positive Operating Leverage
Noninterest Expense | Delivering Positive Operating Leverage Noninterest Expense (NIE) Highlights $1,774 $1,809 • Continuing to drive positive operating leverage $263 $152 $1,420 Notable Items • Executing on ongoing efficiency programs $1,197 $1,246 $130 • Advancing program of strategic investments
Slide 17: Capital Priorities Support Organic Loan Growth, Dividends, and Share Repurchases
Capital Priorities Support Organic Loan Growth, Dividends, and Share Repurchases CET1 Ratio Highlights 10.5% 10.6% 10.4% • Operating within target Adjusted CET1 1,2 operating range 10.2% Target Operating of 9-10% 10.0% 1.4% Targeting Range 9 -10% 1.5% 1.2% 1.0% • Executing on programmatic share repu
Slide 18: Creating Shareholder Value
Creating Shareholder Value ROTCE Driving Returns 16.3% 16.7% 16.4% Adj. ROTCE 1 16.4% 16.7% ROTCE 0.0% 0.0% 0.7% Revenue growth and 2.1% 2.5% positive operating leverage 18– 19% driving adjusted ROTCE 16.3% 16.7% 18.0% expansion 15.7% 14.3% 14.2% 2Q25 LTM 3Q25 LTM 4Q25 LTM 1Q26 LTM 2Q26 LTM 2027E Ta
Slide 19: Top Tier Credit Performance
Top Tier Credit Performance Net Charge-Off Ratio Allowance for Credit Losses (ACL) 0.42% 0.44% 0.42% 1 0.38% Peer Median 0.34% 1.86% 1.86% 1.83% 1.78% 1.78% 2nd & 3rd Quartile 1 0.26% 0.25% Peer Median 0.22% 0.24% 1.63% 1.62% 0.20% 1.60% 1.57% 1.54% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26
Slide 20: CCAR Stress Test Highlights | Top-tier Performance
CCAR Stress Test Highlights | Top-tier Performance CCAR Cumulative Loan Losses as a % of Average Total Loans1 2020 2022 2024 2026 HBAN 5.1% Peer 1 5.7% Peer 1 5.8% Peer 1 5.4% Peer 1 5.1% Peer 2 5.9% HBAN 6.1% HBAN 5.9% Peer 2 5.1% HBAN 6.3% Peer 2 6.4% Peer 2 6.0% Peer 3 5.3% Peer 3 6.3% Peer 3 6.8
Slide 21: Building Toward a Robust Earnings Trajectory
Building Toward a Robust Earnings Trajectory Total Revenue (FTE)1 Tangible Book Value per Share1 $9.89 $9.65 $9.55 $2,592 $2,857 $1,954 $2,151 $2,191 2Q25 3Q25 4Q25 1Q26 2Q26 4Q26 4Q25 1Q26 2Q26 3Q26 4Q26 Pre-Provision Net Revenue (PPNR) Efficiency Ratio Adjustments 1 Efficiency Ratio Adj. Efficienc
Slide 22: Clear Line of Sight to Elevated 2027 Earnings Profile
Clear Line of Sight to Elevated 2027 Earnings Profile Significant Capital Return and Robust Earnings Growth Top Quartile ROTCE Accretion TBV Per Share $1.90 - FY25 FY27E 1.93 Peer 1 Peer 1 Peer 2 Peer 2 Peer 3 $9.89 1 $1.45 1 18-19% Peer 4 Adj. $0.06 Peer 3 Peer 5 Peer 4 FY25 FY27E 16.4%1 Peer 5 Sha
Slide 23: Full Year 2026 Outlook | Unchanged
Full Year 2026 Outlook | Unchanged FY26 Outlook 4/23/26 7/23/26 Commentary Net Interest Income 39-43% 39-43% Continued NII expansion driven by loan growth FY25 Baseline = $6.056 billion Average Loans 36-37% 36-37% Tracking to high -end FY25 Baseline = $136.7 billion Average Deposits 33-34% 33-34% Co
Slide 24: Flywheel for Value Creation
Flywheel for Value Creation Differentiated Operating Model Sustainable Strong Revenue Competitive Growth and Advantage Profitability Expanding Investment Capacity 2026 Second Quarter Earnings Review | 24
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR), Earnings Per Share (EPS) % Change % Change PPNR ($ in millions) 2Q25 3Q25 4Q25 1Q26 2Q26 2Q26 vs. 2Q26 vs. 1Q26 2Q25 Net Interest Income (GAAP) $1,467 $1,506 $1,592 $1,891 $2,052 FTE adjustment 16 17 17 19 20 Net Interest Income (FTE) $1,483
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible book value per share TBV per Share ($ in millions) 2Q23 2Q24 2Q25 4Q25 1Q26 2Q26 Huntington shareholders’ equity $18,788 $19,515 $20,928 $24,342 $32,535 $32,624 Less: preferred stock 2,484 2,394 1,989 2,731 2,881 2,881 Common shareholders’ equity $16,304 $17,121 $18,
Slide 27: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ROTCE ($ in millions) LTM 2Q25 LTM 3Q25 LTM 4Q25 LTM 1Q26 LTM 2Q26 2Q26 Average common shareholders’ equity $18,065 $18,438 $19,241 $21,470 $24,242 $29,675 Less: intangible assets and goodwill 5,657 5,645 5,741 6,609 7,813 10,468 Add: net
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 2Q25 3Q25 4Q25 1Q26 2Q26 Common Equity Tier 1 A $15,539 $15,924 $17,286 $21,160 21,388 Add: accumulated other (2,241) (2,065) (1,904) (2,055) (2,208) Comprehensive income (loss) (AOCI) Less: cash flow hedge (7) 16
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation Noninterest Expense, Efficiency Ratio Noninterest Expense ($ in millions) 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest expense (GAAP) $1,197 $1,246 $1,420 $1,774 $1,809 Less: Notable Items, pre -tax 3 8 130 263 152 Adjusted Noninterest expense (Non -GAAP) $1,194 $1,238 $1,290 $1,511
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation Operating Leverage LTM LTM LTM LTM LTM LTM LTM LTM LTM Operating Leverage ($ in millions) 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Total revenue (FTE) $7,203 $7,202 $7,438 $7,606 $7,744 $8,008 $8,231 $8,888 $9,791 YoY Growth Rate 5.1% 7.5% 11.2% 10.7% 16.9% 26.4% Less: Ne
Slide 31: Appendix
Appendix (2) Huntington
Slide 32: Basis of Presentation
Basis of Presentation Use of Non -GAAP Financial Measures This document contains GAAP financial measures and non -GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position . Where non -GAAP financial measures are used
Slide 33: Table of Contents
Table of Contents Impact of Purchase Accounting 27 Insured Deposits 37 Preferred Dividends 28 Securities Portfolio 38 Balance Sheet 29 Accumulated Other Comprehensive Income 39 Loan and Leases 35 Hedging Balance Update 40 CRE Overview 30 Credit 42 Auto Originations 32 Delinquencies 43 Consumer Finan
Slide 34: Impact of Purchase Accounting
Impact of Purchase Accounting Purchase Accounting Accretion (PAA) Summary Actual Projected After ($ in millions) 2Q26 3Q26 4Q26 FY27 FY28 FY28 Loans and Leases $22 $14 $12 $57 $56 $337 Deposits 5 1 -- -- -- -- Subtotal: Net Interest Income 27 15 12 57 56 337 Core Deposit Intangible (Noninterest Expe
Slide 35: Estimated Preferred Dividends
Estimated Preferred Dividends ($ in millions) Actuals Projected1 1Q26 2Q26 3Q26 4Q26 1Q27 2Q27 Dividends on Preferred Shares $41 $41 $41 $41 $41 $41 (1) Estimated preferred dividends based on projected interest rates for currently outstanding series of preferred shares 2026 Second Quarter Earnings R
Slide 36: Balance Sheet
Balance Sheet (2) Huntington
Slide 37: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics Banks as of 1Q26 Peer 1 10% • Well diversified portfolio with rigorous client selection Peer Median 1: 16% Peer 2 10% • CRE reserve coverage 3.4% vs. peer median 1 of 1.8% (1Q26) Peer 3 10% – Office reserve
Slide 38: 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 $50B in assets as of 3/31/20261 Banks as of 1Q26 5.0% 4.0% HBAN (2Q26) HBAN (1Q26) CRE Reserve Ratio (1Q26) Bank 3 3.0% Bank 1 Bank 8 Bank 12 Bank 5 Bank 14 2.0% Bank 1
Slide 39: Auto – Production Trend
Auto – Production Trend Originations 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 Amount ($ in billions) $1.4 $1.7 $2.1 $2.5 $2.3 $2.0 $2.2 $2.4 $2.1 % new vehicles 40% 36% 39% 36% 35% 33% 36% 35% 35% Avg. LTV 88% 89% 89% 89% 89% 86% 87% 87% 85% Avg. FICO 779 777 775 774 774 776 778 780 784 Vintage
Slide 40: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield New Origination Yield 6.9% 7.1% 7.2% 6.8% 6.8% Indirect Auto Production 6.3% 6.4% 6.3% 6.2% 6.1% 6.1% 5.9% 5.8% 5.8%
Slide 41: 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 $16.2 $16.0 $15.5 Strong Credit Quality $13.6 $14.6 $12.2 $12.5 $12.9 $12.9 $13.2 $12.5 • Industry knowledge and focus $11.0 on rigorous customer selection $9.5 17
Slide 42: Consumer Finance Trends
Consumer Finance Trends Residential Mortgage RV and Marine 2026 YTD 2025 2024 2023 2022 2021 2020 Originations ($ in billions) $0.7 $1.0 $1.2 $1.6 $1.5 $1.7 $1.6 Avg. LTV 1 94% 93% 95% 96% 104% 111% 108% Avg. FICO 803 809 813 810 813 807 808 Residential Mortgage Residential Mortgage 2 2026 YTD 2025
Slide 43: NDFI Lending Portfolio
NDFI Lending Portfolio Loan Portfolio Composition Highlights $17.5B, 9% of total loans Mortgage Credit Mortgage Credit 1 2% of total loans • Stable structured lending to mortgage credit intermediaries • Secured by real estate Business/Consumer Credit 2 Business/Consumer Credit 2% of total loans • $3
Slide 44: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits Banks at 1Q26 HBAN (1Q26) 69% HBAN (2Q26) 69% Bank 1 62% Bank 2 60% Bank 3 59% Bank 4 58% Bank 5 58% BAC 57% Bank 6 56% Bank 7 55% Bank 8 55% Bank 9 54% C 54% Bank 10 53% JPM 52% WFC 50% Bank 11 47% Note: Bank data as of 1Q
Slide 45: Dynamically Optimizing the Securities Portfolio
Dynamically Optimizing the Securities Portfolio Securities + Cash1 Average Highlights $69.8 • Securities yields of 3.47% decreased 1bp QoQ and Cash $65.0 Securities decreased 48bps YoY $58.2 • 28% of portfolio classified as HTM to $57.1 $56.1 $18.6 protect capital $17.1 • AFS portfolio hedged with p
Slide 46: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook1 Highlights $ in billions • Projecting ~9% total AOCI accretion by YE26 vs. Peak 2Q26 level AOCI • Dynamically managing hedge position subject to Loss risk profile and market conditions $3.6 Components of Fair Value (FV) Mark on $2.2 $2.1 I
Slide 47: Hedging Balance Update
Hedging Balance Update Hedging Balance Update (as of 6/30/2026) Weighted WAL Program Notional Effective Avg Rate (%) (Years) PF Swaps $5.6 $1.5 3.36 10.92 Total PF Swaps $5.6 $1.5 10.92 RF Swaps $33.0 $26.1 3.32 2.41 Floor Spreads $5.0 $5.0 2.65 / 3.75 2.91 Total RF Swaps & Floor Spreads $38.0 $31.1
Slide 48: 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 $5.0 $5.0 Floor $5.0 $5.0 $6.0 in higher rate Spreads scenario $27.1 $28.2 Receive $23.4 $25.9 $26.4 $26.1 $26.1 $26.6
Slide 49: Capital and Credit
Capital and Credit (2) Huntington
Slide 50: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days1) 0.33% 0.28% 0.28% 0.29% 0.20% 0.19% 0.21% 0.20% 0.19% 0.21% 0.18% 0.18% 0.15% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Commercial (90+ Days1) 0.03% 0.03% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 2Q23 3Q2
Slide 51: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days1) 2.90% 2.32% 2.18% 1.92% 1.96% 2.04% 1.95% 1.75% 1.76% 1.93% Residential Mortgage 1.75% 1.74% 1.80% 1.72% 1.65% 1.47% Total Consumer 1.31% 1.38% 1.35% 1.33% 1.19% 1.21% 1.25% 1.27% 1.30% 1.19% 1.21% Automobile 1.11% 1.06% 1.09% 1.01% 1.01% 1.02% 0.92% 0.89%
Slide 52: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 2Q26 1Q26 4Q25 3Q25 2Q25 Criticized beginning -of-period $7,353 $5,720 $4,702 $4,650 $4,781 Additions / increases 566 731 721 1,058 881 Advances 632 236 204 169 213 Upgrades to “Pass” (508) (184) (319) (437) (350) Paydowns (894) (789)
Huntington Bancshares — Q2 2026 Earnings Presentation on 6ix