Huntington Bancshares Incorporated · NASDAQ:HBAN

Huntington Bancshares — 2024 BancAnalysts Association of Boston Conference

10 slides from Huntington Bancshares's conference presentation, Nov 7, 2024

1. Slide 1: 2024 BancAnalysts Association of Boston Conference

   Welcome.® 2024 BancAnalysts Association of Boston Conference November 7, 2024 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares 2024 BancAnalysts Association of Boston Conference Incorporated. ©2024 H

2. 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, which are not historical fa

3. Slide 3: Discussion Topics

   Discussion Topics 1 2 3 4 5 Delivering Expanding Net Driving Fee Maintaining Building Profit Accelerated Interest Income Revenues Higher Strong Credit Growth Organic Growth Performance Momentum  Robust production  Managing dynamic  Focused on  Top quartile NCOs  Expect record net in core and ne

4. Slide 4: Driving Peer Leading Organic Growth

   Driving Peer Leading Organic Growth #1 Loan and Deposit Growth (3Q vs Peers(1)) Cumulative Growth (Avg.) since 1Q23(1) 7.1% Deposits -0.2% Huntington 8.0% HBAN Peer 3.4% Loans Median 6.0% -4.1% Peer 10 3Q24 YoY Deposit Growth (EOP) 4.0% 2.0% Net Loan Growth Trends (Avg.) Peer 6 Peer 4 Peer 2 Peer 1

5. Slide 5: Net Interest Income | Positioned for Expansion

   Net Interest Income | Positioned for Expansion Driving Expected Record 2025 Net Interest Income Net Interest Income Net Interest Margin  Executing down beta playbook $1,379 $1,364 • Lowering acquisition rates for new deposits $1,327 $1,300 $1,325 • Shortening duration of time deposits • Pricing adj

6. Slide 6: Balance Sheet Hedging Program Overview

   Balance Sheet Hedging Program Overview Hedging Program Profile – Effective Swaps(1) Future Effective Swap Profile NIM Protection: $6.0 $6.0 $6.0 Reduces volatility & $6.0 $6.0 $5.0 $5.0 $5.0 $5.5 $6.0 supports a narrow $24.7 $25.2 Floor Spreads corridor in lower rate $20.3 $23.4 $16.8 $16.8 $16.8 $1

7. Slide 7: Noninterest Income | Strategic Fee Revenue Focus Areas

   Noninterest Income | Strategic Fee Revenue Focus Areas Adjusted noninterest income 1 Payments & Cash Management Commercial Payments Merchant % of total revenue(1) Revenues (inc. TM) Acquiring  Treasury management penetration continues 28% to increase through deepening efforts 25%  Sustained volume

8. Slide 8: Asset Quality and Reserve | Top Tier Credit Performance

   Asset Quality and Reserve | Top Tier Credit Performance Net Charge-off Ratio(1) Robust Client Selection HBAN Peer Median Through the Cycle Target NCO Range (25 – 45bps) and Underwriting 0.48% Consumer – 44% of total loans 0.40% 0.42% 0.38%  Prime, super-prime focus with ~770 0.35% weighted average

9. Slide 9: Disciplined Management Approach

   Disciplined Management Approach  Executing organic growth initiatives inclusive of new geographies and commercial verticals  Delivering high-quality loan growth and expanding deposit balances  Implementing down-beta action plan  Managing asset sensitivity and maintaining NIM within a tight corri

10. Slide 10: Notes

    Notes Slide 3: (1) Source: Company Financials. Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB. Slide 4: (1) Source: S&P Global Market Intelligence and filings - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB. Slide 6: (1) Shown current position a

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