Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

December 31, 2022

Table of Contents


Quarterly Key Statistics			1

Annual Key Statistics			2

Consolidated Balance Sheets			4

Loans and Leases Composition			5

Deposits Composition			6

Consolidated Quarterly Average Balance Sheets			7

Consolidated Quarterly Net Interest Margin - Interest Income / Expense			8

Consolidated Quarterly Net Interest Margin - Yield			9

Selected Quarterly Income Statement Data			10

Quarterly Mortgage Banking Noninterest Income			11

Quarterly Credit Reserves Analysis			12

Quarterly Net Charge-Off Analysis			13

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			14

Quarterly Accruing Past Due Loans and Leases			15

Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data			16

Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data			17





















Consolidated Annual Average Balance Sheets			18

Consolidated Annual Net Interest Margin - Interest Income / Expense			19

Consolidated Annual Net Interest Margin - Yield			20

Selected Annual Income Statement Data			21

Annual Mortgage Banking Noninterest Income			22

Annual Credit Reserves Analysis			23

Annual Net Charge-Off Analysis			24

Annual Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			25

Reconciliation of Non-GAAP Financial Measures			26

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%.

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 share data)	December 31,			September 30,			December 31,			Percent Changes vs.
	2022			2022			2021			3Q22		4Q21
Net interest income (2)	$	1,471		$	1,412		$	1,138		4	%	29	%
FTE adjustment	(9)			(8)			(6)			(13)		(50)
Net interest income	1,462			1,404			1,132			4		29
Provision for credit losses	91			106			(64)			(14)		242
Noninterest income	499			498			515			—		(3)
Noninterest expense	1,077			1,053			1,221			2		(12)
Income before income taxes	793			743			490			7		62
Provision for income taxes	144			146			88			(1)		64
Income after income taxes	649			597			402			9		61
Income attributable to non-controlling interest	4			3			1			33		300
Net income attributable to Huntington Bancshares Inc	645			594			401			9		61
Dividends on preferred shares	28			29			28			(3)		—
Impact of preferred stock redemption	—			—			(4)			—		100
Net income applicable to common shares	$	617		$	565		$	377		9	%	64

Net income per common share - diluted	$	0.42		$	0.39		$	0.26		8	%	62	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	6.82			6.40			8.06			7		(15)
Number of common shares repurchased	—			—			10			—		(100)
Average common shares - basic	1,443			1,443			1,444			—		—
Average common shares - diluted	1,468			1,465			1,471			—		—
Ending common shares outstanding	1,443			1,443			1,438			—		—
Return on average assets	1.41		%	1.31		%	0.92		%
Return on average common shareholders’ equity	16.0			13.9			8.7
Return on average tangible common shareholders’ equity (1)	26.0			21.9			13.2
Net interest margin (2)	3.52			3.42			2.85
Efficiency ratio (3)	54.0			54.4			73.0
Effective tax rate	18.2			19.7			18.0
Average total assets	$	181,292		$	179,557		$	173,672		1		4
Average earning assets	165,545			164,024			158,692			1		4
Average loans and leases	118,907			116,964			109,488			2		9
Average loans and leases - linked quarter annualized growth rate	6.6		%	10.6		%	(0.7)		%
Average total deposits	$	145,672		$	146,008		$	142,303		—		2
Average core deposits (4)	140,696			141,691			138,008			(1)		2

Average shareholders’ equity	17,458			18,317			19,375			(5)		(10)
Average common total shareholders' equity	15,292			16,150			17,193			(5)		(11)
Average tangible common shareholders' equity	9,563			10,413			11,675			(8)		(18)
Total assets at end of period	182,906			179,402			174,064			2		5
Total shareholders’ equity at end of period	17,731			17,136			19,297			3		(8)

NCOs as a % of average loans and leases	0.17		%	0.15		%	0.12		%
NAL ratio	0.48			0.51			0.64
NPA ratio (5)	0.50			0.53			0.67
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.77			1.79			1.82
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.90			1.89			1.89
Common equity tier 1 risk-based capital ratio (6)	9.44			9.27			9.33
Tangible common equity / tangible asset ratio (7)	5.55			5.32			6.88

See Notes to the Quarterly Key Statistics.

Huntington Bancshares Incorporated

Annual Key Statistics

(Unaudited)


	Year Ended December 31,						Change
(dollar amounts in millions, except per share data)	2022			2021			Amount		Percent
Net interest income (2)	$	5,304		$	4,127		$	1,177	29	%
FTE adjustment	(31)			(25)			(6)		(24)
Net interest income	5,273			4,102			1,171		29
Provision for credit losses	289			25			264		NM
Noninterest income	1,981			1,889			92		5
Noninterest expense	4,201			4,375			(174)		(4)
Income before income taxes	2,764			1,591			1,173		74
Provision for income taxes	515			294			221		75
Income after income taxes	2,249			1,297			952		73
Income attributable to non-controlling interest	11			2			9		NM
Net income attributable to Huntington Bancshares Inc	2,238			1,295			943		73
Dividends on preferred shares	113			131			(18)		(14)
Impact of preferred stock redemption	—			11			(11)		(100)
Net income applicable to common shares	$	2,125		$	1,153		$	972	84	%

Net income per common share - diluted	$	1.45		$	0.90		$	0.55	61	%
Cash dividends declared per common share	0.62			0.605			0.015		2

Average common shares - basic	1,441			1,262			179		14
Average common shares - diluted	1,465			1,287			178		14

Return on average assets	1.25		%	0.85		%
Return on average common shareholders’ equity	13.2			7.9
Return on average tangible common shareholders’ equity (1)	20.7			11.3
Net interest margin (2)	3.25			2.95
Efficiency ratio (3)	56.9			72.0
Effective tax rate	18.6			18.5

Average total assets	$	178,768		$	152,281		$	26,487	17	%
Average earning assets	163,313			140,006			23,307		17
Average loans and leases	115,266			96,818			18,448		19
Average total deposits	144,912			124,310			20,602		17
Average core deposits (4)	140,841			120,432			20,409		17
Average shareholders’ equity	18,263			16,997			1,266		7
Average common total shareholders' equity	16,096			14,569			1,527		10
Average tangible common shareholders' equity	10,454			10,509			(55)		(1)

NCOs as a % of average loans and leases	0.11		%	0.22		%
NAL ratio	0.48			0.64
NPA ratio (5)	0.50			0.67

NM - Not Meaningful

See Notes to the Year to Date and 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 nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.

(6)December 31, 2022, 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


	December 31,		December 31,
(dollar amounts in millions)	2022		2021		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,796	$	1,811	(1)	%
Interest-bearing deposits at Federal Reserve Bank	4,908		3,711		32
Interest-bearing deposits in banks	214		392		(45)
Trading account securities	19		46		(59)
Available-for-sale securities	23,423		28,460		(18)
Held-to-maturity securities	17,052		12,447		37


Other securities	854		648		32
Loans held for sale	529		1,676		(68)
Loans and leases (1)	119,523		111,267		7
Allowance for loan and lease losses	(2,121)		(2,030)		(4)
Net loans and leases	117,402		109,237		7
Bank owned life insurance	2,753		2,765		—
Accrued income and other receivables	1,573		1,319		19
Premises and equipment	1,156		1,164		(1)
Goodwill	5,571		5,349		4
Servicing rights and other intangible assets	712		611		17
Other assets	4,944		4,428		12
Total assets	$	182,906	$	174,064	5	%

Liabilities and shareholders’ equity
Liabilities
Deposits (2)	$	147,914	$	143,263	3	%
Short-term borrowings	2,027		334		507
Long-term debt	9,686		7,108		36
Other liabilities	5,510		4,041		36
Total liabilities	165,137		154,746		7

Shareholders' equity
Preferred stock	2,167		2,167		—
Common stock	14		14		—
Capital surplus	15,309		15,222		1
Less treasury shares, at cost	(80)		(79)		(1)
Accumulated other comprehensive income (loss)	(3,098)		(229)		(1,253)
Retained earnings	3,419		2,202		55
Total Huntington Bancshares Inc shareholders’ equity	17,731		19,297		(8)
Non-controlling interest	38		21		81
Total equity	17,769		19,318		(8)
Total liabilities and shareholders’ equity	$	182,906	$	174,064	5	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,443,068,036		1,437,742,172
Treasury shares outstanding	6,322,052		6,298,288
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	557,500		557,500

(1)See page 5 for detail of loans and leases.

(2)See page 6 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2022				2022				2022				2022				2021
Ending Balances by Type:
Total loans and leases
Commercial:
Commercial and industrial	$	45,127	38	%	$	44,144	38	%	$	43,440	38	%	$	42,236	37	%	$	41,688	37	%
Commercial real estate:
Commercial	15,132		13		14,717		12		14,173		12		13,381		12		13,090		12
Construction	1,502		1		1,739		2		1,522		1		2,010		2		1,871		2
Commercial real estate	16,634		14		16,456		14		15,695		13		15,391		14		14,961		14
Lease financing	5,252		4		5,093		4		5,043		4		4,978		4		5,000		4
Total commercial	67,013		56		65,693		56		64,178		55		62,605		55		61,649		55
Consumer:
Residential mortgage	22,226		19		21,816		18		21,220		18		19,942		18		19,256		17
Automobile	13,154		11		13,430		11		13,622		12		13,480		12		13,434		12
Home equity	10,375		9		10,440		9		10,426		9		10,343		9		10,550		9
RV and marine	5,376		4		5,436		5		5,453		5		5,191		5		5,058		5
Other consumer	1,379		1		1,332		1		1,322		1		1,256		1		1,320		2
Total consumer	52,510		44		52,454		44		52,043		45		50,212		45		49,618		45
Total loans and leases	$	119,523	100	%	$	118,147	100	%	$	116,221	100	%	$	112,817	100	%	$	111,267	100	%


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2022				2022				2022				2022				2021
Ending Balances by Business Segment:
Commercial Banking	$	55,497	47	%	$	54,515	47	%	$	52,845	45	%	$	51,132	45	%	$	49,372	44	%
Consumer and Business Banking	32,386		27		32,115		27		32,144		28		31,756		29		32,715		30
Vehicle Finance	21,741		18		21,707		18		21,848		19		21,344		19		20,968		19
RBHPCG (Regional Banking and The Huntington Private Client Group)	9,760		8		9,586		8		9,181		8		8,435		7		8,012		7
Treasury / Other	139		—		224		—		203		—		150		—		200		—
Total loans and leases	$	119,523	100	%	$	118,147	100	%	$	116,221	100	%	$	112,817	100	%	$	111,267	100	%

Average Balances by Business Segment:
Commercial Banking	$	54,979	47	%	$	53,255	46	%	$	51,280	45	%	$	49,515	45	%	$	47,281	43	%
Consumer and Business Banking	32,259		27		32,116		27		31,926		28		32,134		29		33,434		31
Vehicle Finance	21,721		18		21,748		19		21,601		19		21,155		19		20,598		19
RBHPCG	9,666		8		9,416		8		8,786		8		8,178		7		7,842		7
Treasury / Other	282		—		429		—		356		—		160		—		333		—
Total loans and leases	$	118,907	100	%	$	116,964	100	%	$	113,949	100	%	$	111,142	100	%	$	109,488	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2022				2022				2022				2022				2021
Ending Balances by Type:
Demand deposits - noninterest-bearing	$	38,242	26	%	$	40,762	28	%	$	42,131	29	%	$	43,824	29	%	$	43,236	30	%
Demand deposits - interest-bearing	43,136		29		43,673		30		41,433		28		42,099		29		39,837		28
Money market deposits	36,082		24		33,811		23		34,257		24		33,444		23		32,522		23
Savings and other domestic deposits	20,357		14		21,274		15		21,583		15		21,716		15		21,088		15
Core certificates of deposit (1)	4,324		3		2,115		1		2,103		1		2,358		2		2,740		2
Total core deposits	142,141		96		141,635		97		141,507		97		143,441		98		139,423		98
Other domestic deposits of $250,000 or more	220		—		186		—		221		—		274		—		359		—
Negotiable CDS, brokered and other deposits	5,553		4		4,492		3		3,707		3		3,250		2		3,481		2

Total deposits	$	147,914	100	%	$	146,313	100	%	$	145,435	100	%	$	146,965	100	%	$	143,263	100	%
Total core deposits:
Commercial	$	64,107	45	%	$	65,151	46	%	$	63,629	45	%	$	64,013	45	%	$	61,521	44	%
Consumer	78,034		55		76,484		54		77,878		55		79,428		55		77,902		56
Total core deposits	$	142,141	100	%	$	141,635	100	%	$	141,507	100	%	$	143,441	100	%	$	139,423	100	%


	December 31,				September 30,				June 30,				March 31,				December 31,
(dollar amounts in millions)	2022				2022				2022				2022				2021
Ending Balances by Business Segment:
Commercial Banking	$	37,509	25	%	$	37,194	25	%	$	34,670	24	%	$	35,034	24	%	$	31,845	22	%
Consumer and Business Banking	93,676		64		93,854		65		95,693		66		96,907		65		95,352		67
Vehicle Finance	1,136		1		1,173		1		1,291		1		1,323		1		1,401		1
RBHPCG	9,550		6		8,982		6		9,226		6		9,672		7		10,162		7
Treasury / Other (2)	6,043		4		5,110		3		4,555		3		4,029		3		4,503		3
Total deposits	$	147,914	100	%	$	146,313	100	%	$	145,435	100	%	$	146,965	100	%	$	143,263	100	%

Average Balances by Business Segment:
Commercial Banking	$	37,006	25	%	$	36,636	25	%	$	35,156	24	%	$	33,355	23	%	$	31,950	22	%
Consumer and Business Banking	92,654		64		93,924		65		95,263		65		94,464		66		94,593		67
Vehicle Finance	1,171		1		1,252		1		1,257		1		1,289		1		1,501		1
RBHPCG	9,249		6		9,242		6		9,493		7		9,520		7		9,505		7
Treasury / Other (2)	5,592		4		4,954		3		3,839		3		4,289		3		4,754		3
Total deposits	$	145,672	100	%	$	146,008	100	%	$	145,008	100	%	$	142,917	100	%	$	142,303	100	%

(1)Includes consumer certificates of deposit of $250,000 or more.

(2)Comprised primarily of national market deposits.

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Quarterly Average Balances (1)
	December 31,		September 30,		June 30,		March 31,		December 31,		Percent Changes vs.
(dollar amounts in millions)	2022		2022		2022		2022		2021		3Q22		4Q21
Assets
Interest-bearing deposits at Federal Reserve Bank	$	4,615	$	3,204	$	3,532	$	7,195	$	7,227	44	%	(36)	%
Interest-bearing deposits in banks	305		260		161		174		521		17		(41)
Securities:
Trading account securities	29		24		30		46		51		21		(43)
Available-for-sale securities:
Taxable	20,467		21,677		21,672		24,205		23,895		(6)		(14)
Tax-exempt	2,706		2,917		2,859		2,886		3,057		(7)		(11)
Total available-for-sale securities	23,173		24,594		24,531		27,091		26,952		(6)		(14)


Held-to-maturity securities - taxable	17,022		17,188		17,234		14,556		12,421		(1)		37





Other securities	857		804		755		967		651		7		32
Total securities	41,081		42,610		42,550		42,660		40,075		(4)		3
Loans held for sale	637		986		1,033		1,243		1,381		(35)		(54)
Loans and leases: (2)
Commercial:
Commercial and industrial	44,747		43,598		42,689		41,397		40,582		3		10
Commercial real estate:
Commercial	14,937		14,405		13,516		13,186		12,758		4		17
Construction	1,676		1,697		1,760		1,877		1,820		(1)		(8)
Commercial real estate	16,613		16,102		15,276		15,063		14,578		3		14
Lease financing	5,080		4,981		4,919		4,912		4,933		2		3
Total commercial	66,440		64,681		62,884		61,372		60,093		3		11
Consumer:
Residential mortgage	22,011		21,552		20,527		19,505		18,955		2		16
Automobile	13,284		13,514		13,557		13,463		13,355		(2)		(1)
Home equity	10,417		10,431		10,373		10,414		10,748		—		(3)
RV and marine	5,408		5,454		5,317		5,103		5,040		(1)		7
Other consumer	1,347		1,332		1,291		1,285		1,297		1		4
Total consumer	52,467		52,283		51,065		49,770		49,395		—		6
Total loans and leases	118,907		116,964		113,949		111,142		109,488		2		9
Total earning assets	165,545		164,024		161,225		162,414		158,692		1		4
Cash and due from banks	1,650		1,697		1,669		1,648		1,695		(3)		(3)
Goodwill and other intangible assets	5,771		5,781		5,613		5,584		5,570		—		4
All other assets	10,458		10,154		10,107		10,013		9,827		3		6
Allowance for loan and lease losses	(2,132)		(2,099)		(2,053)		(2,047)		(2,112)		(2)		(1)
Total assets	$	181,292	$	179,557	$	176,561	$	177,612	$	173,672	1	%	4	%
Liabilities and shareholders’ equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	42,705	$	42,038	$	41,712	$	40,634	$	38,441	2	%	11	%
Money market deposits	34,390		34,058		33,791		32,672		32,400		1		6
Savings and other domestic deposits	20,831		21,439		21,683		21,316		20,896		(3)		—
Core certificates of deposit (3)	2,926		2,040		2,228		2,560		2,909		43		1

Other domestic deposits of $250,000 or more	198		193		225		316		452		3		(56)
Negotiable CDS, brokered and other deposits	4,777		4,124		2,981		3,453		3,843		16		24

Total interest-bearing deposits	105,827		103,892		102,620		100,951		98,941		2		7
Short-term borrowings	545		2,609		2,103		4,728		342		(79)		59
Long-term debt	12,650		8,251		7,024		6,914		7,674		53		65
Total interest-bearing liabilities	119,022		114,752		111,747		112,593		106,957		4		11
Demand deposits - noninterest-bearing	39,845		42,116		42,388		41,966		43,362		(5)		(8)
All other liabilities	4,929		4,340		4,168		3,964		3,957		14		25
Total Huntington Bancshares Inc shareholders’ equity	17,458		18,317		18,228		19,064		19,375		(5)		(10)
Non-controlling interest	38		32		30		25		21		19		81
Total equity	17,496		18,349		18,258		19,089		19,396		(5)		(10)
Total liabilities and shareholders’ equity	$	181,292	$	179,557	$	176,561	$	177,612	$	173,672	1	%	4	%

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

(2)Includes nonaccrual loans and leases.

(3)Includes consumer certificates of deposit of $250,000 or more.

Huntington Bancshares Incorporated

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

(Unaudited)


	Quarterly Interest Income / Expense
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollar amounts in millions)	2022		2022		2022		2022		2021
Assets
Interest-bearing deposits at Federal Reserve Bank	$	46	$	19	$	7	$	3	$	3
Interest-bearing deposits in banks	5		2		1		—		—
Securities:
Trading account securities	—		—		1		—		—
Available-for-sale securities:
Taxable	198		165		123		90		77
Tax-exempt	28		25		19		22		19
Total available-for-sale securities	226		190		142		112		96
Held-to-maturity securities - taxable	100		95		90		66		50



Other securities	9		7		6		5		4
Total securities	335		292		239		183		150
Loans held for sale	8		13		10		10		10
Loans and leases:
Commercial:
Commercial and industrial	578		490		415		392		393
Commercial real estate:
Commercial	220		169		115		97		102
Construction	28		21		16		17		17
Commercial real estate	248		190		131		114		119
Lease financing	66		63		61		61		61
Total commercial	892		743		607		567		573
Consumer:
Residential mortgage	183		174		158		146		141
Automobile	125		120		115		112		119
Home equity	172		143		115		102		109
RV and marine	61		59		55		52		54
Other consumer	36		32		30		28		29
Total consumer	577		528		473		440		452
Total loans and leases	1,469		1,271		1,080		1,007		1,025
Total earning assets	$	1,863	$	1,597	$	1,337	$	1,203	$	1,188

Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	102	$	42	$	11	$	3	$	3
Money market deposits	75		25		8		4		6
Savings and other domestic deposits	2		1		1		1		1
Core certificates of deposit (3)	10		1		—		1		—

Other domestic deposits of $250,000 or more	1		—		—		—		—
Negotiable CDS, brokered and other deposits	45		23		5		2		1

Total interest-bearing deposits	235		92		25		11		11
Short-term borrowings	10		22		7		7		1
Long-term debt	147		71		38		31		38
Total interest-bearing liabilities	392		185		70		49		50
Net interest income	$	1,471	$	1,412	$	1,267	$	1,154	$	1,138

(1)Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 10 for the FTE adjustment.

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

(3)Includes consumer certificates of deposit of $250,000 or more.

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield

(Unaudited)


	Quarterly Average Rates
	December 31,		September 30,		June 30,		March 31,		December 31,
Fully-taxable equivalent basis (1)	2022		2022		2022		2022		2021
Assets
Interest-bearing deposits at Federal Reserve Bank	3.99	%	2.39	%	0.80	%	0.17	%	0.15	%
Interest-bearing deposits in banks	5.72		3.31		1.32		0.15		0.06
Securities:
Trading account securities	5.45		4.12		3.99		3.39		3.67
Available-for-sale securities:
Taxable	3.87		3.06		2.25		1.49		1.29
Tax-exempt	4.21		3.39		2.71		3.00		2.40
Total available-for-sale securities	3.91		3.09		2.30		1.65		1.42
Held-to-maturity securities - taxable	2.34		2.21		2.10		1.81		1.59



Other securities	4.15		3.21		3.62		1.88		2.18
Total securities	3.26		2.74		2.24		1.72		1.49
Loans held for sale	5.42		4.98		4.08		3.15		3.14
Loans and leases: (3)
Commercial:
Commercial and industrial	5.05		4.40		3.84		3.79		3.79
Commercial real estate:
Commercial	5.78		4.57		3.38		2.94		3.14
Construction	6.54		4.95		3.70		3.52		3.71
Commercial real estate	5.85		4.61		3.41		3.01		3.21
Lease financing	5.02		4.95		4.98		4.93		4.81
Total commercial	5.25		4.50		3.83		3.69		3.73
Consumer:
Residential mortgage	3.33		3.23		3.09		2.99		2.97
Automobile	3.74		3.53		3.40		3.38		3.53
Home equity	6.57		5.43		4.44		3.99		4.01
RV and marine	4.45		4.29		4.12		4.15		4.31
Other consumer	10.38		9.55		9.08		8.96		9.06
Total consumer	4.37		4.02		3.70		3.57		3.64
Total loans and leases	4.86		4.28		3.77		3.64		3.69
Total earning assets	4.46		3.86		3.33		3.00		2.97
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	0.94		0.40		0.10		0.03		0.03
Money market deposits	0.86		0.29		0.09		0.05		0.08
Savings and other domestic deposits	0.03		0.02		0.02		0.02		0.02
Core certificates of deposit (4)	1.42		0.10		0.07		0.14		—

Other domestic deposits of $250,000 or more	1.31		0.35		0.23		0.08		0.18
Negotiable CDS, brokered and other deposits	3.74		2.25		0.72		0.17		0.14

Total interest-bearing deposits	0.88		0.35		0.10		0.04		0.05
Short-term borrowings	7.71		3.31		1.40		0.57		0.09
Long-term debt	4.66		3.40		2.16		1.83		1.93
Total interest-bearing liabilities	1.31		0.64		0.25		0.18		0.18

Net interest rate spread	3.15		3.22		3.08		2.82		2.79
Impact of noninterest-bearing funds on margin	0.37		0.20		0.07		0.06		0.06
Net interest margin	3.52	%	3.42	%	3.15	%	2.88	%	2.85	%


Commercial Loan Derivative Impact
(Unaudited)	Average Rates
	2022		2022		2022		2022		2021
Fully-taxable equivalent basis (1)	Fourth		Third		Second		First		Fourth
Commercial loans (2)(3)	5.68	%	4.62	%	3.69	%	3.47	%	3.53	%
Impact of commercial loan derivatives	(0.43)		(0.12)		0.14		0.22		0.20
Total commercial - as reported	5.25	%	4.50	%	3.83	%	3.69	%	3.73	%
Average 1 Month LIBOR	3.89	%	2.46	%	1.01	%	0.23	%	0.09	%
Average SOFR	3.61	%	2.14	%	0.70	%	0.09	%	—	%

(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 10 for the FTE adjustment.

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

(3)Includes nonaccrual loans and leases.

(4)Includes consumer certificates of deposit of $250,000 or more.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	December 31,		September 30,		June 30,		March 31,		December 31,
	2022		2022		2022		2022		2021
Interest income	$	1,854	$	1,589	$	1,331	$	1,195	$	1,182
Interest expense	392		185		70		49		50
Net interest income	1,462		1,404		1,261		1,146		1,132
Provision for credit losses	91		106		67		25		(64)
Net interest income after provision for credit losses	1,371		1,298		1,194		1,121		1,196
Service charges on deposit accounts	89		93		105		97		101
Card and payment processing income	96		96		96		86		93
Capital markets fees	83		73		54		42		47
Trust and investment management services	61		60		63		65		63
Mortgage banking income	25		26		44		49		61
Leasing revenue	35		29		27		35		41
Insurance income	31		28		27		31		28
Gain on sale of loans	2		15		12		28		1
Bank owned life insurance income	15		13		11		17		22
Net gains (losses) on sales of securities	—		—		—		—		(1)
Other noninterest income	62		65		46		49		59
Total noninterest income	499		498		485		499		515
Personnel costs	630		614		577		580		632
Outside data processing and other services	147		145		153		165		269
Equipment	67		60		61		81		68
Net occupancy	61		63		58