Economic

Economic Overview

Huntington’s commitment to ESG is closely integrated with our core economic performance objectives. Our business model and approach to generating sustainable returns are anchored in the concept of shared value: By living our Purpose to make lives better, we can support economically inclusive communities with products, services, and investments that meet and advance the needs and aspirations of our local markets. We have adopted a performance framework and approach that integrates ESG considerations into our Board and executive management decision-making, business strategy, and operational platforms.

As part of our Vision, we are creating a sustainable, long-term competitive advantage with focused investment in customer experience, product differentiation, and key growth initiatives that enable us to deliver value to all stakeholders.

“We are not just providing financing—we are working in our communities and with our partners to have a meaningful and catalytic impact.”

Rob Wasserman, President, Community Development Lending and Investment

Focused on Making a Difference

We work with community partners to identify and support the needs of individuals and businesses throughout our footprint. See the impact we are making.

Customer Focus and Impact

We are driven to create meaningful change, both in our customers’ ability to manage and control finances and in their livelihoods. That commitment extends nationally through our reach and scale; it also extends locally, person to person through the relationships we foster and maintain in each community. These connections help us understand the most pressing needs facing each community and customer.

We demonstrate our customer focus and impact through:

Building on our Fair and Responsible Banking philosophy
Creating a holistic customer experience
Putting customers first in product innovation
Supporting and advocating for customers

Business Focus and Impact

Around the corner and across the country, Huntington is committed to supporting the needs of small and medium-sized businesses. Whether it is a mom-and-pop shop or regional success story, we possess the scale and expertise to assist these companies both nationally and within our branch-banking footprint.

Six ways we help businesses thrive:

Alignment: Pairing the right bankers and tools with our customers
Experience: Leveraging our experience to help find the best solutions
Service Culture: Interactions driven by insights, not sales
Voice of the Customer and Colleague: Listening provides actionable information that leads to real innovation
Product Enhancement: Expanding and improving our products to meet customer’s needs
Digital: Making banking easy and accessible

We are the nation’s largest originator of SBA (7a) loans by volume for the sixth consecutive year. This is also the 15^th year in a row Huntington has been the largest originator, by volume and dollar amount, of SBA 7(a) loans within our 11-state footprint*.

^{††SBA loans subject to SBA eligibility. Huntington is #1 in the nation in number of SBA 7(a) loans from October 1, 2017, to September 30, 2023. Huntington was the #1 SBA 7(a) lender in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, and Western Pennsylvania from October 2, 2008, to September 30, 2021, and the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Pennsylvania, Minnesota, Colorado, and Wisconsin from October 1, 2021, to September 30, 2023. Source: U.S. Small Business Administration (SBA).}

Community Focus and Impact

At Huntington, we are committed to creating thriving, economically inclusive communities, and we intentionally partner with leaders and residents of the communities in our footprint to identify their most pressing needs. Together with the families and neighborhoods we serve, we implement solutions that strive to make a positive impact.

$40 Billion Community Investment Plan

PILLAR	COMMITMENT	FIVE-YEAR GOAL
Small Business	Huntington expanded its small business lending programs into TCF states* and committed $10 billion over five years; $2 billion is focused on lending to business owners from diverse backgrounds.	$10 Billion
Home & Consumer Lending	Huntington is committed to providing $24 billion in affordable mortgage lending; $12 billion is committed to meeting the needs of diverse and under-resourced populations.	$24 Billion
Community Development Lending & Investing	Huntington is dedicated to increasing the availability of capital to historically under-resourced people, businesses, and communities.	$6.5 Billion

^{* On June 9, 2021, Huntington acquired TCF Financial Corporation, a bank previously headquartered in Minneapolis, MN.}

For additional information on our Community Plan, please go to: Huntington Bank Community Plan | Huntington Bank

Affordable Housing and Homeownership

Affordable and safe housing is vital to the well-being and health of the communities we serve. Homeownership gives families the opportunity to build generational wealth and ensure long-term personal financial prosperity, as well as economic and social stability for generations to come. Huntington is committed to serving all communities, including low-to-moderate income (LMI), diverse, and other under-resourced populations, and being a catalyst for change by investing in affordable housing solutions, helping to make the dream of homeownership a reality for all.

In addition to offering many mortgage and consumer lending products, we remove barriers to homeownership and help consumers achieve affordable and safe housing needs through: