Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q3 2026 Earnings Presentation
45 slides from Huntington Bancshares's earnings presentation, Oct 22, 2026
Slide 1: 2026 Third Quarter Earnings Review
2026 Third Quarter Earnings Review Welcome. The Huntington National Bank is Member FDIC. Huntington, Huntington Bank, and the October 22, 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 well -positioned national franchise with substantial scale in high growth markets and value -added fee businesses Disciplined execution driving solid performance in an evolving 2 operating environment 3 Partner synergies tracking at or ahead of expectations 4 Operating w
Slide 4: Operating and Financial Performance Driving Powerful Value Creation
Operating and Financial Performance Driving Powerful Value Creation Robust Earnings Growth Improving Return Profile Strong Capital Management TBV Per Share ROTCE 17 - 18% $1.75 - 1.83 ~17% $9.89 1 16.4% 1 $1.52 - 1.54 0.7% $1.45 1 Adj. $0.06 Adj. FY25 FY26E FY27E Share Buyback Program ROTCE 15.7% •
Slide 5: 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 6: Capabilities That Differentiate Huntington
Capabilities That Differentiate Huntington Continuous Innovation Culture that Powers Execution Leading Digital Experiences 1 #1 Digital Experience for Customer Satisfaction Small Business Great Place To Work® 8 years in a row among Regional Banks 5 Agentic AI OS Organize My Savings Family & Teen Ban
Slide 7: How We Create Sustainable Growth
How We Create Sustainable Growth Growing share in our core banking markets while selectively investing in new growth markets 1 • Our differentiated operating model is driving share gains where Huntington has long -established strength while creating a platform for significant growth in attractive ne
Slide 8: Strong Underlying Business Performance
Strong Underlying Business Performance 3Q26 Key Metrics Executing Across Our Five Growth Priorities 1 Growing share in core banking markets while selectively investing in new growth markets EPS GAAP Adjusted 1 YoY Growth YoY Growth Notable Items Pre -Tax: $125M $0.33 $0.38 ~6% ~50% ~3% ~40% 2 2 Core
Slide 9: Loans and Leases
1 Growing share Loans and Leases | 2 Driving scale & growth Loan and Lease Balances (ADB) Highlights • Average loans down -0.4% QoQ and up +1.1% EOP QoQ $191.4 $189.3 $188.4 • Continued organic growth contributions from: $174.2 – Asset Finance – Corporate and Specialty Banking +1.1% • Loan growth ac
Slide 10: Deposits
1 Growing share Deposits | 2 Driving scale & growth Deposit Balances (ADB) Highlights • Moderating sequential rise in deposit costs – Average deposit growth of 0.2% QoQ, and outpacing loan $223.4 $224.7 $223.8 growth as expected $204.6 – Continue to match fund loan growth on a YTD basis $173.2 $164.
Slide 11: Net Interest Income
Net Interest Income | 4 Disciplined risk management Net Interest Income (FTE) 1 and Net Interest Margin (NIM) 1 Highlights • Optimization supported NIM expansion in 3Q (+4bps) • Expect NIM stability into Q4 $2,072 $2,090 – Variable yields are benefitting from rate hike – Dynamically managing up beta
Slide 12: Noninterest Income
Noninterest Income | 3 Relationship deepening Noninterest Income By Category Driving Sustainable Fee Growth +58% increase in active +23% increase YTD Capital Markets lead left roles in portfolio in total FRM 1 revenue $722 Total Noninterest Income $628 $134 All Other YE25 3Q26 3Q25 3Q26 $523 $154 Cu
Slide 13: Noninterest Expense
Noninterest Expense | 5 Efficiency and investment Noninterest Expense (NIE) Highlights $1,809 • Driving Efficiency: $1,774 $1,772 $152 Notable Items – Completed full Cadence cost synergy actions during 3Q $117 $1,420 $263 – Executing increased efficiency program of 1.5% in FY26 $1,246 – Driving posi
Slide 14: Capital
Capital | 4 Disciplined risk management CET1 Ratio Highlights 10.6% 10.4% • Disciplined Capital Management Supports Growth and 10.2% Shareholder Returns 10.0% 10.1% Target Operating 1.4% 1.2% 1.0% Targeting Range 9 -10% 1.0% 1.2% 9- 10% • Maintaining capital allocation priorities AOCI Adj. for – ~$4
Slide 15: Creating Shareholder Value
Creating Shareholder Value | 4 Disciplined risk management ROTCE Driving Returns Adj. 1 ROTCE 16.7% 16.7% 16.5% 16.4% 16.4% 0.0% 0.7% 2.1% 2.5% 2.9% Revenue growth and positive operating leverage 17– 18% sustaining strong adjusted 16.7% 15.7% ROTCE 14.3% 14.2% 13.6% 3Q25 LTM 4Q25 LTM 1Q26 LTM 2Q26 L
Slide 16: Top Tier Credit Performance
Top Tier Credit Performance | 4 Disciplined risk management Net Charge -Off Ratio Allowance for Credit Losses (ACL ) 0.44% 0.42% 0.38% Peer Median 1 0.34% 0.32% 1.86% 1.83% 1.78% 1.78% 1.75% 2nd & 3rd Quartile 0.31% 0.24% 0.26% 0.25% Peer Median 1 0.22% 1.62% 1.60% 1.57% 1.54% 1.49% 3Q25 4Q25 1Q26 2
Slide 17: Top Tier Credit Performance (ACL vs NCO peers)
Top Tier Credit Performance | 4 Disciplined risk management ACL Ratio by NCO Ratio YTD Reserve Build 1 0.7% Peer 1 3.0% Median Higher Loses Peer 2 2.7% 0.6% Peer 8 Peer 3 2.5% 0.5% NCO Ratio (LTM) Peer 3 Peer 1 HBAN 1.3% 0.4% Peer 6 Peer 4 -0.5% Peer4 Peer 2 Median Peer 5 Peer 5 -2.6% 0.3% Peer 6 -3
Slide 18: FY26 Guidance
FY26 Guidance Outlook 9/16/26 10/22/26 Commentary Net Interest Income ~35% ~35% • Expect stable NIM into Q4 FY25 Baseline = $6.056 billion Average Loans ~36% ~36% • No change FY25 Baseline = $136.7 billion Average Deposits ~33% ~32.5% • Reflects YTD performance: optimizing deposit FY25 Baseline = $1
Slide 19: Flywheel for Value Creation
Flywheel for Value Creation Differentiated Operating Model Strong Sustainable Revenue Competitive Growth and Advantage Profitability Expanding Investment Capacity 2026 Third Quarter Earnings Review | 19
Slide 20: Appendix
Appendix (2) Huntington
Slide 21: Non-GAAP Reconciliation: EPS
Non -GAAP Reconciliation Earnings Per Share (EPS) EPS ($ in millions, except per share amounts) FY25 3Q26 Earnings Per Share (GAAP), diluted $1.39 $0.33 Add: Notable Items, after -tax $91 0.06 $98 0.05 Adjusted Earnings Per Share (Non -GAAP) $1.45 $0.38 2026 Third Quarter Earnings Review | 21
Slide 22: Non-GAAP Reconciliation: Tangible Book Value per Share
Non -GAAP Reconciliation Tangible book value per share TBV per Share ( amounts in millions, except per share data ) 3Q23 3Q24 3Q25 4Q25 3Q26 Huntington shareholders’ equity $18,483 $20,606 $22,248 $24,342 $32,179 Less: preferred stock 2,484 2,394 2,731 2,731 2,881 Common shareholders’ equity $15,999
Slide 23: Non-GAAP Reconciliation: ROTCE
Non -GAAP Reconciliation Average Tangible Common Equity, ROTCE ROTCE ($ in millions) LTM 3Q25 LTM 4Q25 LTM 1Q26 LTM 2Q26 LTM 3Q26 3Q26 Average common shareholders’ equity $18,438 $19,241 $21,470 $24,242 $26,908 $29,776 Less: intangible assets and goodwill 5,645 5,741 6,609 7,813 9,021 10,416 Add: ne
Slide 24: Non-GAAP Reconciliation: CET1
Non -GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 3Q25 4Q25 1Q26 2Q26 3Q26 Common Equity Tier 1 A $15,924 $17,286 $21,160 $21,388 $21,684 Add: accumulated other (2,065) (1,904) (2,055) (2,208) (2,969) Comprehensive income (loss) (AOCI) Less: cash flow hedge 16 2
Slide 25: Non-GAAP Reconciliation: Noninterest Expense
Non -GAAP Reconciliation Noninterest Expense Noninterest Expense ($ in millions) 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest expense (GAAP) $1,246 $1,420 $1,774 $1,809 $1,772 Less: Notable Items, pre -tax 8 130 263 152 117 Adjusted Noninterest expense (Non -GAAP) $1,238 $1,290 $1,511 $1,657 $1,655 2026 Thi
Slide 26: Non-GAAP Reconciliation: Operating Leverage
Non -GAAP Reconciliation Operating Leverage LTM LTM LTM LTM LTM LTM LTM LTM LTM Operating Leverage ($ in millions) 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total revenue (FTE) $7,202 $7,438 $7,606 $7,744 $8,008 $8,231 $8,888 $9,791 $10,452 YoY Growth Rate 5.1% 7.5% 11.2% 10.7% 16.9% 26.4% 30.5%
Slide 27: Basis of Presentation
Basis of Presentation Use of Non -GAAP Financial Measures This document contains GAAP financial measures and non -GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position . Where non -GAAP financial measures are used
Slide 28: Impact of Purchase Accounting
Impact of Purchase Accounting Purchase Accounting Accretion (PAA) Summary Actual Projected After ($ in millions) 3Q26 4Q26 FY27 FY28 FY28 Loans and Leases $11 $16 $58 $57 $337 Deposits 1 -- -- -- -- Subtotal: Net Interest Income 12 16 58 57 337 Core Deposit Intangible (Noninterest Expense) (45) (45)
Slide 29: Estimated Preferred Dividends
Estimated Preferred Dividends ($ in millions) Actuals Projected 1 2Q26 3Q26 4Q26 1Q27 2Q27 3Q27 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 Third Quarter Earnings R
Slide 30: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics Peers as of 2Q26 Peer 1 10% • Well diversified portfolio with rigorous client selection Peer 2 10% Peer Median: 15.7% • CRE reserve coverage 3.9% vs. peer median 1 of 1.7% (2Q26) Peer 3 10% – Office reserve
Slide 31: 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 $50B in assets as of 6 /30/2026 1 Banks as of 2Q26 5.0% 4.0% HBAN (3Q26) HBAN (2Q26) CRE Reserve Ratio (2Q26) 3.0% Bank 1 Bank 3 Bank 8 Bank 12 2.0% Bank 7 Bank 19 Bank
Slide 32: Auto – Production Trend
Auto – Production Trend Originations 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Amount ($ in billions) $1.7 $1.4 $1.7 $2.1 $2.5 $2.3 $2.0 $2.2 $2.4 % new vehicles 43% 40% 36% 39% 36% 35% 33% 36% 35% Avg. LTV 87% 88% 89% 89% 89% 89% 86% 87% 87% Avg. FICO 780 779 777 775 774 774 776 778 780 Vintage
Slide 33: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns 1 Indirect Auto Production ($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 34: 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 $15.4 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 $
Slide 35: Consumer Finance Trends
Consumer Finance Trends RV and Marine Residential Mortgage 2026 YTD 2025 2024 2023 2022 2021 2020 Originations ($ in billions) $1.1 $1.0 $1.2 $1.6 $1.5 $1.7 $1.6 Avg. LTV 1 94% 93% 95% 96% 104% 111% 108% Avg. FICO 804 809 813 810 813 807 808 Residential Mortgage Residential Mortgage2 2026 YTD 2025 2
Slide 36: NDFI Lending Portfolio
NDFI Lending Portfolio Loan Portfolio Composition Highlights $19.9B, 10% 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 • $
Slide 37: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits Banks at 2Q26 HBAN (2Q26) 69% HBAN (3Q26) 68% Bank 1 62% Bank 2 61% Bank 3 60% Bank 4 59% Bank 5 58% BAC 58% Bank 6 55% Bank 7 55% Bank 8 55% Bank 9 55% Bank 10 53% C 52% WFC 50% Bank 11 48% JPM 36% Note: Bank data as of 2Q
Slide 38: Diversified Sources of Liquidity
Diversified Sources of Liquidity Robust Level of Available Liquidity 1 Highlights ($ in billions) • Peer leading available liquidity as a percent of uninsured deposits highlighting $119 $125 the proactive approach to liquidity risk $118 $101 $17 management and strength of our granular $100 $19 $15 C
Slide 39: Dynamically Optimizing the Securities Portfolio
Dynamically Optimizing the Securities Portfolio Securities + Cash 1 Average Highlights $69.8 • Securities yields of 3.59% increased 12bp QoQ Cash $67.2 $65.0 Securities • 29% of portfolio classified as HTM to protect capital $57.1 $56.1 $18.6 $16.3 • AFS portfolio hedged with pay fixed swaps; $17.1
Slide 40: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook 1 Highlights $ in billions • Projecting ~3% total AOCI accretion by YE26 vs. Peak 3Q26 level AOCI • Dynamically managing hedge position subject to Loss risk profile and market conditions $3.6 $3.0 $2.9 $2.4 Components of Fair Value (FV) Mar
Slide 41: Hedging Balance Update
Hedging Balance Update Hedging Balance Update (as of 9/30/2026) Weighted WAL Program Notional Effective Avg Rate (%) (Years) PF Swaps $5.6 $1.5 3.36 10.67 Total PF Swaps $5.6 $1.5 10.67 RF Swaps $31.3 $26.2 3.30 2.29 Floor Spreads $5.0 $5.0 2.65 / 3.75 2.66 Total RF Swaps & Floor Spreads $36.3 $31.2
Slide 42: Positioning the Balance Sheet for Range of Rate Scenarios
Positioning the Balance Sheet for Range of Rate Scenarios Hedging Program Profile – Effective Swaps 1 Objectives Future Effective Swap Profile Capital protection $6.0 $6.8 $7.2 $5.0 $5.0 Floor $5.0 $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 $26.1
Slide 43: Commercial Delinquencies
Commercial Delinquencies 1 Commercial (30+ Days ) 0.33% 0.28% 0.28% 0.29% 0.30% 0.20% 0.19% 0.21% 0.20% 0.19% 0.21% 0.18% 0.18% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 1 Commercial (90+ Days ) 0.03% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 3Q23
Slide 44: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days 1) 2.90% 2.89% 2.32% 2.18% 1.92% 1.96% 2.04% 1.95% 1.95% 1.80% 1.75% 1.76% 1.93% Residential Mortgage 1.74% 1.72% 1.65% 1.47% Total Consumer 1.31% 1.27% 1.38% 1.30% 1.35% 1.33% 1.21% 1.19% 1.25% 1.21% 1.14% Automobile 1.09% 1.11% 1.06% 1.01% 1.01% 1.02% 0.88
Slide 45: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 3Q26 2Q26 1Q26 4Q25 3Q25 Criticized beginning -of-period $6,974 $7,353 $5,720 $4,702 $4,650 Additions / increases 1,792 566 731 721 1,058 Advances 440 632 236 204 169 Upgrades to “Pass” (391) (508) (184) (319) (437) Paydowns (1,560) (
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