Exhibit

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

March 31, 2019

Table of Contents



Quarterly Key Statistics	1

Consolidated Balance Sheets	3

Loans and Leases Composition	4

Deposits Composition	5

Consolidated Quarterly Average Balance Sheets	6

Consolidated Quarterly Net Interest Margin - Interest Income / Expense	7

Consolidated Quarterly Net Interest Margin - Yield	8

Selected Quarterly Income Statement Data	9

Quarterly Mortgage Banking Income	10

Quarterly Credit Reserves Analysis	11

Quarterly Net Charge-Off Analysis	12

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	13

Quarterly Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans	14

Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data	15

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data	16

Notes:

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Fully-Taxable Equivalent Basis

Interest income, yields, and ratios on a FTE basis are considered non-GAAP financial measures. Management believes net interest income on a FTE basis provides a more accurate picture of the interest margin for comparison purposes. The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources. The FTE basis assumes a federal statutory tax rate of 21 percent.

Non-Regulatory Capital Ratios

In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:


•	Tangible common equity to tangible assets, and


•	Tangible common equity to risk-weighted assets using Basel III definition.

These non-regulatory capital ratios are viewed by management as useful additional methods of reflecting the level of capital available to withstand unexpected market conditions. Additionally, presentation of these ratios allows readers to compare the Company’s capitalization to other financial services companies. These ratios differ from capital ratios defined by banking regulators principally in that the numerator excludes preferred securities, the nature and extent of which varies among different financial services companies. These ratios are not defined in GAAP or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.

Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in the related press release in their entirety, and not to rely on any single financial measure.

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)



	Three Months Ended
(dollar amounts in millions, except per data, share count in thousands)	March 31,			December 31,			March 31,			Percent Changes vs.
	2019			2018			2018			4Q18		1Q18
Net interest income(2)	$	829		$	841		$	777		(1	)%	7	%
FTE adjustment	(7		)	(8		)	(7		)	13		—
Net interest income	822			833			770			(1	)	7
Provision for credit losses	67			60			66			12		2
Noninterest income	319			329			314			(3	)	2
Noninterest expense	653			711			633			(8	)	3
Income before income taxes	421			391			385			8		9
Provision for income taxes	63			57			59			11		7
Net income	358			334			326			7		10
Dividends on preferred shares	19			19			12			—		58
Net income applicable to common shares	$	339		$	315		$	314		8	%	8	%

Net income per common share - diluted	$	0.32		$	0.29		$	0.28		10	%	14	%
Cash dividends declared per common share	0.14			0.14			0.11			—		27
Tangible book value per common share at end of period	7.67			7.34			7.12			4		8
Number of common shares repurchased	1,833			14,967			3,007			(88	)	(39	)
Average common shares - basic	1,046,995			1,054,460			1,083,836			(1	)	(3	)
Average common shares - diluted	1,065,638			1,073,055			1,124,778			(1	)	(5	)
Ending common shares outstanding	1,046,440			1,046,767			1,101,796			—		(5	)
Return on average assets	1.35		%	1.25		%	1.27		%
Return on average common shareholders’ equity	13.8			12.9			13.0
Return on average tangible common shareholders’ equity(1)	18.3			17.3			17.5
Net interest margin(2)	3.39			3.41			3.30
Efficiency ratio(3)	55.8			58.7			56.8
Effective tax rate	15.0			14.6			15.3
Average total assets	$	107,511		$	105,877		$	103,848		2		4
Average earning assets	99,212			97,752			95,412			1		4
Average loans and leases	74,775			73,822			70,484			1		6
Average loans and leases - linked quarter annualized growth rate	5.2		%	5.9		%	9.0		%
Average total deposits	$	82,772		$	82,931		$	76,946		—		8
Average core deposits(4)	79,033			79,078			73,392			—		8
Average core deposits - linked quarter annualized growth rate	(0.2		)%	7.2		%	(3.0		)%
Average shareholders’ equity	11,156			10,889			10,855			2		3
Average common total shareholders' equity	9,953			9,686			9,794			3		2
Average tangible common shareholders' equity	7,746			7,460			7,533			4		3
Total assets at end of period	108,203			108,781			104,246			(1	)	4
Total shareholders’ equity at end of period	11,432			11,102			11,308			3		1

NCOs as a % of average loans and leases	0.38		%	0.27		%	0.21		%
NAL ratio	0.56			0.45			0.54
NPA ratio(5)	0.61			0.52			0.59
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.02			1.03			1.01
Common equity tier 1 risk-based capital ratio(6)	9.84			9.65			10.45
Tangible common equity / tangible asset ratio(7)	7.57			7.21			7.70

See Notes to the Quarterly Key Statistics.

Key Statistics Footnotes

(1)

Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 21% tax rate.


(2)	On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.


(3)	Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).


(4)	Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.


(5)	NPAs include other real estate owned.


(6)	March 31, 2019, figures are estimated.


(7)	Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets). Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.

Huntington Bancshares Incorporated

Consolidated Balance Sheets



	March 31,			December 31,
(dollar amounts in millions)	2019			2018			Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	804		$	1,108		(27	)%
Interest-bearing deposits in Federal Reserve Bank	532			1,564			(66	)
Interest-bearing deposits in banks	147			53			177
Trading account securities	166			105			58
Available-for-sale securities	13,982			13,780			1
Held-to-maturity securities	8,747			8,565			2
Other securities	486			565			(14	)
Loans held for sale	693			804			(14	)
Loans and leases(1)	75,079			74,900			—
Allowance for loan and lease losses	(764		)	(772		)	1
Net loans and leases	74,315			74,128			—
Bank owned life insurance	2,516			2,507			—
Premises and equipment	784			790			(1	)
Goodwill	1,990			1,989			—
Service rights and other intangible assets	513			535			(4	)
Other assets	2,528			2,288			10
Total assets	$	108,203		$	108,781		(1	)%

Liabilities and shareholders’ equity
Liabilities
Deposits(2)	$	82,155		$	84,774		(3	)%
Short-term borrowings	2,862			2,017			42
Long-term debt	9,400			8,625			9
Other liabilities	2,354			2,263			4
Total liabilities	96,771			97,679			(1	)

Shareholders' equity
Preferred stock	1,203			1,203			—
Common stock	11			11			—
Capital surplus	9,167			9,181			—
Less treasury shares, at cost	(45		)	(45		)	—
Accumulated other comprehensive loss	(455		)	(609		)	25
Retained earnings (deficit)	1,551			1,361			14
Total shareholders’ equity	11,432			11,102			3
Total liabilities and shareholders’ equity	$	108,203		$	108,781		(1	)%

Common shares authorized (par value of $0.01)	1,500,000,000			1,500,000,000
Common shares outstanding	1,046,440,116			1,046,767,252
Treasury shares outstanding	3,813,304			3,817,385
Preferred stock, authorized shares	6,617,808			6,617,808
Preferred shares outstanding	740,500			740,500


(1)	See page 4 for detail of loans and leases.


(2)	See page 5 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)



	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2019				2018				2018				2018				2018
Ending Balances by Type:
Total loans
Commercial:
Commercial and industrial	$	30,972	41	%	$	30,605	41	%	$	29,196	40	%	$	28,850	40	%	$	28,622	40	%
Commercial real estate:
Construction	1,152		2		1,185		2		1,111		2		1,083		1		1,167		2
Commercial	5,643		8		5,657		8		5,962		8		6,118		8		6,245		9
Commercial real estate	6,795		10		6,842		10		7,073		10		7,201		9		7,412		11
Total commercial	37,767		51		37,447		51		36,269		50		36,051		49		36,034		51
Consumer:
Automobile	12,272		16		12,429		16		12,375		17		12,390		17		12,146		17
Home equity	9,551		13		9,722		13		9,850		13		9,907		14		9,987		14
Residential mortgage	10,885		14		10,728		14		10,459		14		10,006		14		9,357		13
RV and marine	3,344		4		3,254		4		3,152		4		2,846		4		2,549		3
Other consumer	1,260		2		1,320		2		1,265		2		1,206		2		1,090		2
Total consumer	37,312		49		37,453		49		37,101		50		36,355		51		35,129		49
Total loans and leases	$	75,079	100	%	$	74,900	100	%	$	73,370	100	%	$	72,406	100	%	$	71,163	100	%



	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2019				2018				2018				2018				2018
Ending Balances by Business Segment:
Consumer and Business Banking	$	22,175	29	%	$	22,333	30	%	$	22,271	30	%	$	21,888	30	%	$	21,471	31	%
Commercial Banking	27,554		37		27,191		36		26,465		36		26,373		36		26,311		37
Vehicle Finance	19,332		26		19,434		26		18,880		26		18,569		26		18,090		25
RBHPCG	5,954		8		5,886		8		5,734		8		5,527		8		5,227		7
Treasury / Other	64		—		56		—		20		—		49		—		64		—
Total loans and leases	$	75,079	100	%	$	74,900	100	%	$	73,370	100	%	$	72,406	100	%	$	71,163	100	%

Average Balances by Business Segment:
Consumer and Business Banking	$	22,241	30	%	$	22,321	30	%	$	22,049	30	%	$	21,653	31	%	$	21,429	31	%
Commercial Banking	27,174		36		26,405		36		26,322		36		26,505		37		25,969		37
Vehicle Finance	19,340		26		19,177		26		18,640		26		18,280		25		17,814		25
RBHPCG	5,920		8		5,793		8		5,641		8		5,355		7		5,181		7
Treasury / Other	100		—		126		—		99		—		94		—		91		—
Total loans and leases	$	74,775	100	%	$	73,822	100	%	$	72,751	100	%	$	71,887	100	%	$	70,484	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)



	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2019				2018				2018				2018				2018
Ending Balances by Type:
Demand deposits - noninterest-bearing	$	20,036	24	%	$	21,783	26	%	$	19,863	24	%	$	20,353	26	%	$	20,807	26	%
Demand deposits - interest-bearing	19,906		24		20,042		24		19,615		24		19,026		24		19,337		25
Money market deposits	22,931		28		22,721		27		21,411		26		20,990		26		20,849		26
Savings and other domestic deposits	10,277		13		10,451		12		11,604		14		10,987		14		11,291		14
Core certificates of deposit	6,007		7		5,924		7		5,358		7		4,402		6		3,157		4
Total core deposits	79,157		96		80,921		96		77,851		95		75,758		96		75,441		95
Other domestic deposits of $250,000 or more	313		1		337		—		318		1		265		—		228		—
Brokered deposits and negotiable CDs	2,685		3		3,516		4		3,520		4		3,564		4		3,802		5
Total deposits	$	82,155	100	%	$	84,774	100	%	$	81,689	100	%	$	79,587	100	%	$	79,471	100	%
Total core deposits:
Commercial	$	33,546	42	%	$	37,268	46	%	$	35,455	46	%	$	34,094	45	%	$	34,615	46	%
Consumer	45,611		58		43,653		54		42,396		54		41,664		55		40,826		54
Total core deposits	$	79,157	100	%	$	80,921	100	%	$	77,851	100	%	$	75,758	100	%	$	75,441	100	%
Ending Balances by Business Segment:
Consumer and Business Banking	$	52,354	64	%	$	50,300	59	%	$	49,434	61	%	$	48,186	60	%	$	47,124	59	%
Commercial Banking	20,543		25		23,185		28		22,288		27		21,142		27		21,838		28
Vehicle Finance	327		—		346		—		348		—		340		—		345		—
RBHPCG	5,959		7		6,809		8		5,783		7		5,985		8		6,053		8
Treasury / Other(1)	2,972		4		4,134		5		3,836		5		3,934		5		4,111		5
Total deposits	$	82,155	100	%	$	84,774	100	%	$	81,689	100	%	$	79,587	100	%	$	79,471	100	%



	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2019				2018				2018				2018				2018
Average Balances by Business Segment:
Consumer and Business Banking	$	50,961	62	%	$	50,037	61	%	$	48,659	60	%	$	47,242	60	%	$	45,310	59	%
Commercial Banking	21,739		26		22,673		27		22,823		28		21,671		27		21,679		28
Vehicle Finance	305		—		335		—		337		—		328		—		349		—
RBHPCG	5,942		7		5,936		7		5,694		7		5,947		8		5,873		8
Treasury / Other(1)	3,825		5		3,950		5		3,985		5		4,102		5		3,735		5
Total deposits	$	82,772	100	%	$	82,931	100	%	$	81,498	100	%	$	79,290	100	%	$	76,946	100	%


(1)	Comprised primarily of national market deposits.

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)



	Quarterly Average Balances (1)
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2019			2018			2018			2018			2018			4Q18		1Q18
Assets
Interest-bearing deposits in Federal Reserve Bank (2)	$	501		$	483		$	—		$	—		$	—		4	%	100	%
Interest-bearing deposits in banks	109			97			83			84			90			12		21
Securities:
Trading account securities	138			131			82			82			87			5		59
Available-for-sale securities:
Taxable	10,752			10,351			10,469			10,832			11,158			4		(4	)
Tax-exempt	3,048			3,176			3,496			3,554			3,633			(4	)	(16	)
Total available-for-sale securities	13,800			13,527			13,965			14,386			14,791			2		(7	)
Held-to-maturity securities - taxable	8,653			8,433			8,560			8,706			8,877			3		(3	)
Other securities	536			565			567			599			605			(5	)	(11	)
Total securities	23,127			22,656			23,174			23,773			24,360			2		(5	)
Loans held for sale	700			694			745			619			478			1		46
Loans and leases:(3)
Commercial:
Commercial and industrial	30,546			29,557			28,870			28,863			28,243			3		8
Commercial real estate:
Construction	1,174			1,138			1,132			1,126			1,189			3		(1	)
Commercial	5,686			5,806			6,019			6,233			6,142			(2	)	(7	)
Commercial real estate	6,860			6,944			7,151			7,359			7,331			(1	)	(6	)
Total commercial	37,406			36,501			36,021			36,222			35,574			2		5
Consumer:
Automobile	12,361			12,423			12,368			12,271			12,100			—		2
Home equity	9,641			9,817			9,873			9,941			10,040			(2	)	(4	)
Residential mortgage	10,787			10,574			10,236			9,624			9,174			2		18
RV and marine	3,296			3,216			3,016			2,667			2,481			2		33
Other consumer	1,284			1,291			1,237			1,162			1,115			(1	)	15
Total consumer	37,369			37,321			36,730			35,665			34,910			—		7
Total loans and leases	74,775			73,822			72,751			71,887			70,484			1		6
Allowance for loan and lease losses	(780		)	(777		)	(759		)	(742		)	(709		)	—		(10	)
Net loans and leases	73,995			73,045			71,992			71,145			69,775			1		6
Total earning assets	99,212			97,752			96,753			96,363			95,412			1		4
Cash and due from banks	853			909			1,330			1,283			1,217			(6	)	(30	)
Intangible assets	2,265			2,288			2,305			2,318			2,332			(1	)	(3	)
All other assets	5,961			5,705			5,726			5,599			5,596			4		7
Total assets	$	107,511		$	105,877		$	105,355		$	104,821		$	103,848		2	%	4	%
Liabilities and shareholders’ equity
Deposits:
Demand deposits - noninterest-bearing	19,938			20,384			20,230			20,382			20,572			(2	)%	(3	)%
Demand deposits - interest-bearing	19,770			19,860			19,553			19,121			18,630			—		6
Total demand deposits	39,708			40,244			39,783			39,503			39,202			(1	)	1
Money market deposits	22,935			22,595			21,547			20,943			20,678			2		11
Savings and other domestic deposits	10,338			10,534			11,434			11,146			11,219			(2	)	(8	)
Core certificates of deposit	6,052			5,705			4,916			3,794			2,293			6		164
Total core deposits	79,033			79,078			77,680			75,386			73,392			—		8
Other domestic deposits of $250,000 or more	335			346			285			243			247			(3	)	36
Brokered deposits and negotiable CDs	3,404			3,507			3,533			3,661			3,307			(3	)	3
Total deposits	82,772			82,931			81,498			79,290			76,946			—		8
Short-term borrowings	2,320			1,006			1,732			3,082			5,228			131		(56	)
Long-term debt	8,979			8,871			8,915			9,225			8,958			1		—
Total interest-bearing liabilities	74,133			72,424			71,915			71,215			70,560			2		5
All other liabilities	2,284			2,180			2,054			1,891			1,861			5		23
Shareholders’ equity	11,156			10,889			11,156			11,333			10,855			2		3
Total liabilities and shareholders’ equity	$	107,511		$	105,877		$	105,355		$	104,821		$	103,848		2	%	4	%


(1)	Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.


(2)	Deposits in Federal Reserve Bank were treated as non-earning assets prior to 4Q 2018.


(3)	Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Interest Income / Expense(1)(2)

(Unaudited)



	Quarterly Interest Income / Expense
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2019		2018		2018		2018		2018
Assets
Interest-bearing deposits in Federal Reserve Bank (3)	$	3	$	3	$	—	$	—	$	—
Interest-bearing deposits in banks	1		1		—		1		—
Securities:
Trading account securities	1		1		—		—		—
Available-for-sale securities:
Taxable	76		70		69		71		70
Tax-exempt	28		33		30		30		29
Total available-for-sale securities	104		103		99		101		99
Held-to-maturity securities - taxable	54		52		52		53		54
Other securities	6		5		7		7		6
Total securities	165		161		158		161		159
Loans held for sale	7		7		8		6		5
Loans and leases:
Commercial:
Commercial and industrial	375		363		342		329		303
Commercial real estate:
Construction	16		16		15		15		14
Commercial	71		74		72		72		65
Commercial real estate	87		90		87		87		79
Total commercial	462		453		429		416		382
Consumer:
Automobile	120		122		117		111		106
Home equity	133		135		130		126		121
Residential mortgage	104		101		97		89		84
RV and marine	40		41		39		34		31
Other consumer	42		40		37		35		33
Total consumer	439		439		420		395		375
Total loans and leases	901		892		849		811		757
Total earning assets	$	1,077	$	1,064	$	1,015	$	979	$	921

Liabilities
Deposits:
Demand deposits - noninterest-bearing	$	—	$	—	$	—	$	—	$	—
Demand deposits - interest-bearing	27		25		22		18		13
Total demand deposits	27		25		22		18		13
Money market deposits	59		52		42		31		23
Savings and other domestic deposits	6		5		7		6		6
Core certificates of deposit	31		29		23		14		6
Total core deposits	123		111		94		69		48
Other domestic deposits of $250,000 or more	2		1		1		1		—
Brokered deposits and negotiable CDs	20		20		17		17		12
Total deposits	145		132		112		87		60
Short-term borrowings	14		6		9		14		19
Long-term debt	89		85		84		87		65
Total interest bearing liabilities	248		223		205		188		144
Net interest income	$	829	$	841	$	810	$	791	$	777


(1)	Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 9 for the FTE adjustment.


(2)	Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.


(3)	Deposits in Federal Reserve Bank were treated as non-earning assets prior to 4Q 2018 and associated interest income was not material.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield

(Unaudited)



	Quarterly Average Rates(2)
	March 31,		December 31,		September 30,		June 30,		March 31,
Fully-taxable equivalent basis(1)	2019		2018		2018		2018		2018
Assets
Interest-bearing deposits in Federal Reserve Bank (2)	2.40	%	2.33	%	—	%	—	%	—	%
Interest-bearing deposits in banks	1.75		1.97		1.95		1.95		1.97
Securities:
Trading account securities	2.03		1.94		0.26		0.23		0.15
Available-for-sale securities:
Taxable	2.82		2.71		2.61		2.63		2.51
Tax-exempt	3.69		4.12		3.53		3.35		3.18
Total available-for-sale securities	3.01		3.04		2.84		2.81		2.67
Held-to-maturity securities - taxable	2.52		2.45		2.43		2.42		2.45
Other securities	4.51		4.24		4.58		4.58		3.98
Total securities	2.86		2.84		2.73		2.71		2.62
Loans held for sale	4.07		4.04		4.45		4.17		3.82
Loans and leases:(4)
Commercial:
Commercial and industrial	4.91		4.81		4.64		4.52		4.28
Commercial real estate:
Construction	5.58		5.47		5.31		5.26		4.73
Commercial	5.00		4.99		4.63		4.58		4.24
Commercial real estate	5.10		5.07		4.74		4.68		4.32
Total commercial	4.94		4.86		4.66		4.55		4.29
Consumer:
Automobile	3.95		3.88		3.75		3.63		3.56
Home equity	5.61		5.45		5.21		5.09		4.90
Residential mortgage	3.86		3.82		3.78		3.69		3.66
RV and marine	4.96		5.10		5.06		5.11		5.11
Other consumer	13.07		12.35		12.16		11.90		11.78
Total consumer	4.75		4.67		4.54		4.43		4.34
Total loans and leases	4.85		4.76		4.60		4.49		4.32
Total earning assets	4.43		4.34		4.16		4.07		3.91
Liabilities
Deposits:
Demand deposits - noninterest-bearing	—		—		—		—		—
Demand deposits - interest-bearing	0.56		0.48		0.45		0.38		0.29
Total demand deposits	0.28		0.24		0.22		0.18		0.14
Money market deposits	1.04		0.91		0.77		0.60		0.45
Savings and other domestic deposits	0.23		0.23		0.24		0.21		0.20
Core certificates of deposit	2.11		2.00		1.82		1.56		1.01
Total interest-bearing core deposits	0.85		0.75		0.65		0.51		0.36
Other domestic deposits of $250,000 or more	1.82		1.67		1.40		1.01		0.69
Brokered deposits and negotiable CDs	2.38		2.22		1.98		1.81		1.47
Total interest-bearing deposits	0.94		0.84		0.73		0.59		0.43
Short-term borrowings	2.41		2.49		1.98		1.82		1.47
Long-term debt	3.98		3.82		3.78		3.75		2.92
Total interest-bearing liabilities	1.35		1.23		1.13		1.05		0.82
Net interest rate spread	3.08		3.11		3.03		3.02		3.09
Impact of noninterest-bearing funds on margin	0.31		0.30		0.29		0.27		0.21
Net interest margin	3.39	%	3.41	%	3.32	%	3.29	%	3.30	%



Commercial Loan Derivative Impact
(Unaudited)
	Average Rates
	2019		2018		2018		2018		2018
Fully-taxable equivalent basis(1)	First		Fourth		Third		Second		First
Commercial loans(3)(4)	4.95	%	4.86	%	4.66	%	4.55	%	4.29	%
Impact of commercial loan derivatives	(0.01	)	—		—		—		—
Total commercial - as reported	4.94	%	4.86	%	4.66	%	4.55	%	4.29	%

Average 30 day LIBOR	2.50	%	2.35	%	2.11	%	1.97	%	1.65	%


(1)	Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 9 for the FTE adjustment.


(2)	Deposits in Federal Reserve Bank were treated as non-earning assets prior to 4Q 2018.


(3)	Yield/rates include the effects of hedge and risk management activities associated with the respective asset and liability categories.


(4)	Includes nonaccrual loans.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)



	Three Months Ended
(dollar amounts in millions, except per data, share count in thousands)	March 31,		December 31,			September 30,			June 30,		March 31,
	2019		2018			2018			2018		2018
Interest income	$	1,070	$	1,056		$	1,007		$	972	$	914
Interest expense	248		223			205			188		144
Net interest income	822		833			802			784		770
Provision for credit losses	67		60			53			56		66
Net interest income after provision for credit losses	755		773			749			728		704
Service charges on deposit accounts	87		94			93			91		86
Card and payment processing income	56		58			57			56		53
Trust and investment management services	44		42			43			42		44
Mortgage banking income	21		23			31			28		26
Capital markets fees	22		34			26			26		21
Insurance income	21		21			19			21		21
Bank owned life insurance income	16		16			19			17		15
Gain on sale of loans and leases	13		16			16			15		8
Securities gains (losses)	—		(19		)	(2		)	—		—
Other income	39		44			40			40		40
Total noninterest income	319		329			342			336		314
Personnel costs	394		399			388			396		376
Outside data processing and other services	81		83			69			69		73
Net occupancy	42		70			38			35		41
Equipment	40		48			38			38		40
Deposit and other insurance expense	8		9			18			18		18
Professional services	12		17			17			15		11
Marketing	7		15			12			18		8
Amortization of intangibles	13		13			13			13		14
Other expense	56		57			58			50		52
Total noninterest expense	653		711			651			652		633
Income before income taxes	421		391			440			412		385
Provision for income taxes	63		57			62			57		59
Net income	358		334			378			355		326
Dividends on preferred shares	19		19			18			21		12
Net income applicable to common shares	$	339	$	315		$	360		$	334	$	314

Average common shares - basic	1,046,995		1,054,460			1,084,536			1,103,337		1,083,836
Average common shares - diluted	1,065,638		1,073,055			1,103,740			1,122,612		1,124,778

Per common share
Net income - basic	$	0.32	$	0.30		$	0.33		$	0.30	$	0.29
Net income - diluted	0.32		0.29			0.33			0.30		0.28
Cash dividends declared	0.14		0.14			0.14			0.11		0.11

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	822	$	833		$	802		$	784	$	770
FTE adjustment	7		8			8			7		7
Net interest income(1)	829		841			810			791		777
Noninterest income	319		329			342			336		314
Total revenue(1)	$	1,148	$	1,170		$	1,152		$	1,127	$	1,091


(1)	On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)



	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2019			2018			2018			2018			2018			4Q18		1Q18
Net origination and secondary marketing income	$	17		$	16		$	24		$	21		$	18		6	%	(6	)%
Net mortgage servicing income
Loan servicing income	14			14			14			14			14			—		—
Amortization of capitalized servicing	(9		)	(8		)	(9		)	(8		)	(8		)	(13	)	(13	)
Operating income	5			6			5			6			6			(17	)	(17	)
MSR valuation adjustment (1)	(10		)	—			—			—			7			(100	)	(243	)
Gains (losses) due to MSR hedging	7			(1		)	—			—			(7		)	800		200
Net MSR risk management	(3		)	(1		)	—			—			—			(200	)	(100	)
Total net mortgage servicing income	$	2		$	5		$	5		$	6		$	6		(60	)%	(67	)%
All other	2			2			2			1			2			—		—
Mortgage banking income	$	21		$	23		$	31		$	28		$	26		(9	)%	(19	)%

Mortgage origination volume	$	1,235		$	1,538		$	1,818		$	2,127		$	1,513		(20	)%	(18	)%
Mortgage origination volume for sale	756			948			1,112			1,131			870			(20	)	(13	)

Third party mortgage loans serviced (2)	21,346			21,068			20,617			20,416			20,225			1		6
Mortgage servicing rights (2)	212			221			219			215			212			(4	)	—
MSR % of investor servicing portfolio (2)	0.99		%	1.05		%	1.06		%	1.05		%	1.05		%	(6	)%	(6	)%


(1)	The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.


(2)	At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)



	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Allowance for loan and lease losses, beginning of period	$	772		$	761		$	741		$	721		$	691
Loan and lease losses	(97		)	(84		)	(58		)	(53		)	(73		)
Recoveries of loans previously charged off	26			34			29			25			35
Net loan and lease losses	(71		)	(50		)	(29		)	(28		)	(38		)
Provision for loan and lease losses	63			61			49			48			68
Allowance for loan and lease losses, end of period	764			772			761			741			721
Allowance for unfunded loan commitments and letters of credit, beginning of period	96			97			93			85			87
Provision for (reduction in) unfunded loan commitments and letters of credit losses	4			(1		)	4			8			(2		)
Allowance for unfunded loan commitments and letters of credit, end of period	100			96			97			93			85
Total allowance for credit losses, end of period	$	864		$	868		$	858		$	834		$	806
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.02		%	1.03		%	1.04		%	1.02		%	1.01		%
Nonaccrual loans and leases (NALs)	183			228			206			197			188
Nonperforming assets (NPAs)	166			200			189			180			172

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)



	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Net charge-offs by loan and lease type:
Commercial:
Commercial and industrial	$	31		$	13		$	(1	)	$	3		$	17
Commercial real estate:
Construction	—			—			—			—			(1		)
Commercial	2			—			(3		)	(1		)	(13		)
Commercial real estate	2			—			(3		)	(1		)	(14		)
Total commercial	33			13			(4		)	2			3
Consumer:
Automobile	10			9			8			7			10
Home equity	3			2			1			—			3
Residential mortgage	3			2			2			1			1
RV and marine	3			2			2			2			3
Other consumer	19			22			20			16			18
Total consumer	38			37			33			26			35
Total net charge-offs	$	71		$	50		$	29		$	28		$	38


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2019			2018			2018			2018			2018
Net charge-offs - annualized percentages:
Commercial:
Commercial and industrial	0.41		%	0.17		%	(0.01		)%	0.04		%	0.24		%
Commercial real estate:
Construction	(0.11		)	(0.09		)	(0.01		)	(0.22		)	(0.18		)
Commercial	0.12			—			(0.18		)	(0.06		)	(0.80		)
Commercial real estate	0.08			(0.01		)	(0.15		)	(0.08		)	(0.70		)
Total commercial	0.35			0.14			(0.04		)	0.02			0.04
Consumer:
Automobile	0.32			0.30			0.26			0.22			0.32
Home equity	0.12			0.05			0.06			0.01			0.11
Residential mortgage	0.10			0.10			0.07			0.04			0.04
RV and marine	0.39			0.31			0.25			0.34			0.42
Other consumer	6.29			6.66			6.32			5.60			6.51
Total consumer	0.41			0.40			0.36			0.30			0.39
Net charge-offs as a % of average loans	0.38		%	0.27		%	0.16		%	0.16		%	0.21		%

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)

(Unaudited)



	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	271		$	188		$	211		$	207		$	190
Commercial real estate	9			15			19			25			30
Automobile	4			5			5			4			5
Residential mortgage	68			69			67			73			82
RV and marine	1			1			1			1			1
Home equity	64			62			67			68			75
Other consumer	—			—			—			—			—
Total nonaccrual loans and leases	417			340			370			378			383
Other real estate, net:
Residential	14			19			22			23			23
Commercial	4			4			5			5			7
Total other real estate, net	18			23			27			28			30
Other NPAs (1)	26			24			6			6			7
Total nonperforming assets	$	461		$	387		$	403		$	412		$	420

Nonaccrual loans and leases as a % of total loans and leases	0.56		%	0.45		%	0.50		%	0.52		%	0.54		%
NPA ratio (2)	0.61			0.52			0.55			0.57			0.59
(NPA+90days)/(Loan+OREO) (3)	0.81			0.74			0.76			0.75			0.74



	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Nonperforming assets, beginning of period	$	387		$	403		$	412		$	420		$	389
New nonperforming assets	218			109			114			96			158
Returns to accruing status	(33		)	(21		)	(24		)	(25		)	(23		)
Loan and lease losses	(46		)	(32		)	(29		)	(21		)	(32		)
Payments	(33		)	(66		)	(62		)	(53		)	(64		)
Sales	(32		)	(6		)	(8		)	(5		)	(8		)
Nonperforming assets, end of period	$	461		$	387		$	403		$	412		$	420


(1)	Other nonperforming assets include certain impaired investment securities and/or nonaccrual loans held-for-sale.


(2)	Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.


(3)	The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate.

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases and Accruing and Nonaccruing Troubled Debt Restructured Loans

(Unaudited)



	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Accruing loans and leases past due 90 days or more:
Commercial and industrial	$	3		$	7		$	9		$	9		$	9
Commercial real estate	—			—			—			—			1
Automobile	6			8			7			6			6
Residential mortgage (excluding loans guaranteed by the U.S. Government)	25			32			28			18			19
RV and marine	2			1			1			1			2
Home equity	15			17			15			16			15
Other consumer	5			6			6			4			4
Total, excl. loans guaranteed by the U.S. Government	56			71			66			54			56
Add: loans guaranteed by U.S. Government	91			99			88			78			50
Total accruing loans and leases past due 90 days or more, including loans guaranteed by the U.S. Government	$	147		$	170		$	154		$	132		$	106

Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.07		%	0.09		%	0.09		%	0.07		%	0.08		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.12			0.13			0.12			0.11			0.07
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.20			0.23			0.21			0.18			0.15

Accruing troubled debt restructured loans:
Commercial and industrial	$	270		$	269		$	308		$	314		$	316
Commercial real estate	60			54			60			65			76
Automobile	37			35			34			32			32
Home equity	247			252			257			258			261
Residential mortgage	219			218			219			221			224
RV and marine	2			2			2			1			1
Other consumer	9			9			10			9			6
Total accruing troubled debt restructured loans	$	844		$	839		$	890		$	900		$	916

Nonaccruing troubled debt restructured loans:
Commercial and industrial	$	86		$	97		$	100		$	87		$	83
Commercial real estate	6			6			8			14			16
Automobile	3			3			3			3			3
Home equity	28			28			28			28			31
Residential mortgage	43			44			46			46			52
RV and marine	1			—			1			1			—
Other consumer	—			—			—			—			—
Total nonaccruing troubled debt restructured loans	$	167		$	178		$	186		$	179		$	185

Huntington Bancshares Incorporated

Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data

(Unaudited)



	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Common equity tier 1 risk-based capital ratio:(1)
Total shareholders’ equity	$	11,432		$	11,102		$	10,934		$	11,472		$	11,308
Regulatory capital adjustments:
Shareholders’ preferred equity	(1,207		)	(1,207		)	(1,207		)	(1,207		)	(1,207		)
Accumulated other comprehensive income offset	455			609			790			729			676
Goodwill and other intangibles, net of related taxes	(2,187		)	(2,200		)	(2,226		)	(2,229		)	(2,244		)
Deferred tax assets that arise from tax loss and credit carryforwards	(31		)	(33		)	(28		)	(28		)	(29		)
Common equity tier 1 capital	8,462			8,271			8,263			8,737			8,504
Additional tier 1 capital
Shareholders’ preferred equity	1,207			1,207			1,207			1,207			1,207
Other	1			—			—			—			1
Tier 1 capital	9,670			9,478			9,470			9,944			9,712
Long-term debt and other tier 2 qualifying instruments	736			776			839			809			804
Qualifying allowance for loan and lease losses	864			868			858			834			806
Tier 2 capital	1,600			1,644			1,697			1,643			1,610
Total risk-based capital	$	11,270		$	11,122		$	11,167		$	11,587		$	11,322
Risk-weighted assets (RWA)(1)	$	85,966		$	85,687		$	83,580		$	82,951		$	81,365
Common equity tier 1 risk-based capital ratio(1)	9.84		%	9.65		%	9.89		%	10.53		%	10.45		%
Other regulatory capital data:
Tier 1 leverage ratio(1)	9.16			9.10			9.14			9.65			9.53
Tier 1 risk-based capital ratio(1)	11.25			11.06			11.33			11.99			11.94
Total risk-based capital ratio(1)	13.11			12.98			13.36			13.97			13.92
Non-regulatory capital data:
Tangible common equity / RWA ratio(1)	9.34			8.97			8.97			9.67			9.65


(1)	March 31, 2019, figures are estimated.

Huntington Bancshares Incorporated

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data

(Unaudited)

Quarterly common stock summary



	March 31,		December 31,		September 30,		June 30,		March 31,
	2019		2018		2018		2018		2018
Dividends, per share
Cash dividends declared per common share	$	0.14	$	0.14	$	0.14	$	0.11	$	0.11
Common shares outstanding (000)
Average - basic	1,046,995		1,054,460		1,084,536		1,103,337		1,083,836
Average - diluted	1,065,638		1,073,055		1,103,740		1,122,612		1,124,778
Ending	1,046,440		1,046,767		1,061,529		1,104,227		1,101,796
Tangible book value per common share(1)	$	7.67	$	7.34	$	7.06	$	7.27	$	7.12
Common share repurchases (000)
Number of shares repurchased	1,833		14,967		43,670		—		3,007

Non-regulatory capital



	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2019			2018			2018			2018			2018
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	11,432		$	11,102		$	10,934		$	11,472		$	11,308
Less: goodwill	(1,990		)	(1,989		)	(1,993		)	(1,993		)	(1,993		)
Less: other intangible assets	(269		)	(281		)	(306		)	(319		)	(333		)
Add: related deferred tax liability(1)	56			59			64			67			70
Total tangible equity	9,229			8,891			8,699			9,227			9,052
Less: preferred equity	(1,203		)	(1,203		)	(1,203		)	(1,203		)	(1,203		)
Total tangible common equity	$	8,026		$	7,688		$	7,496		$	8,024		$	7,849
Total assets	$	108,203		$	108,781		$	105,652		$	105,358		$	104,246
Less: goodwill	(1,990		)	(1,989		)	(1,993		)	(1,993		)	(1,993		)
Less: other intangible assets	(269		)	(281		)	(306		)	(319		)	(333		)
Add: related deferred tax liability(1)	56			59			64			67			70
Total tangible assets	$	106,000		$	106,570		$	103,417		$	103,113		$	101,990
Tangible equity / tangible asset ratio	8.71		%	8.34		%	8.41		%	8.95		%	8.88		%
Tangible common equity / tangible asset ratio	7.57			7.21			7.25			7.78			7.70
Other data:
Number of employees (Average full-time equivalent)	15,738			15,657			15,772			15,732			15,599
Number of domestic full-service branches(2)	898			954			970			968			966
ATM Count	1,727			1,774			1,860			1,831			1,866


(1)	Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate.


(2)	Includes Regional Banking and The Huntington Private Client Group offices.