Exhibit 99.2
HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Supplement
June 30, 2023
Table of Contents
Quarterly Accruing Past Due Loans and Leases


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.
During the 2023 second quarter, Huntington revised its process for assessing and monitoring the risk and performance of non-real estate secured commercial loans, primarily loans to REITs. These loans were reclassified from commercial real estate to the commercial and industrial loan category to align reporting with this process revision. All prior period results have been adjusted to conform to the current presentation.
To align with our strategic priorities, during the second quarter 2023, we completed an organizational realignment and now report on two business segments: Consumer & Regional Banking and Commercial Banking. The Treasury / Other function includes technology and operations, other unallocated assets, liabilities, revenue, and expense. Huntington’s business segments are based on our internally-aligned segment leadership structure, which is how management monitors results and assesses performance. The organizational realignment primarily involved consolidating our previously reported Consumer and Business Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group, into one new business segment called Consumer & Regional Banking. All prior period results have been adjusted to conform to the new segment 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)June 30,March 31,June 30,Percent Changes vs.
2023202320221Q232Q22
Net interest income (2)
$1,357 $1,418 $1,267 (4)%7 %
FTE adjustment(11)(9)(6)(22)(83)
Net interest income
1,346 1,409 1,261 (4)7 
Provision for credit losses92 85 67 8 37 
Noninterest income495 512 485 (3)2 
Noninterest expense1,050 1,086 1,018 (3)3 
Income before income taxes699 750 661 (7)6 
Provision for income taxes134 144 120 (7)12 
Income after income taxes565 606 541 (7)4 
Income attributable to non-controlling interest6 4 2 50 200 
Net income attributable to Huntington559 602 539 (7)4 
Dividends on preferred shares40 29 28 38 43 
Net income applicable to common shares$519 $573 $511 (9)%2 
Net income per common share - diluted$0.35 $0.39 $0.35 (10)%— %
Cash dividends declared per common share
0.155 0.155 0.155 — — 
Tangible book value per common share at end of period
7.33 7.32 6.96 — 5 
Average common shares - basic
1,446 1,443 1,441 — — 
Average common shares - diluted
1,466 1,469 1,463 — — 
Ending common shares outstanding
1,448 1,444 1,442 — — 
Return on average assets
1.18 %1.32 %1.22 %
Return on average common shareholders’ equity
12.7 14.6 12.8 
Return on average tangible common shareholders’ equity (1)
19.9 23.1 19.9 
Net interest margin (2)
3.11 3.40 3.15 
Efficiency ratio (3)
55.9 55.6 57.3 
Effective tax rate19.3 19.2 18.1 
Average total assets
$190,746 $184,894 $176,561 3 8 
Average earning assets
174,909 169,112 161,225 3 8 
Average loans and leases
121,345 120,420 113,949 1 6 
Average loans and leases - linked quarter annualized growth rate
3.1 %5.1 %10.1 %
Average total deposits
$145,559 $146,144 $145,008 — — 
Average core deposits (4) 140,736 141,077 141,802 — (1)
Average Huntington shareholders’ equity 18,844 18,231 18,228 3 3 
Average common total shareholders' equity
16,359 15,973 16,062 2 2 
Average tangible common shareholders' equity
10,662 10,253 10,496 4 2 
Total assets at end of period
188,505 189,070 178,782 — 5 
Total Huntington shareholders’ equity at end of period 18,788 18,758 17,950 — 5 
NCOs as a % of average loans and leases
0.16 %0.19 %0.03 %
NAL ratio
0.42 0.44 0.57 
NPA ratio (5)0.46 0.48 0.59 
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period
1.80 1.77 1.78 
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period1.93 1.90 1.87 
Common equity tier 1 risk-based capital ratio (6)9.82 9.55 9.05 
Tangible common equity / tangible asset ratio (7)5.80 5.77 5.80 
See Notes to the Quarterly Key Statistics.
1

Huntington Bancshares Incorporated
Year to Date Key Statistics
(Unaudited)
Six Months Ended June 30,
Change
(dollar amounts in millions, except per share data)20232022
Amount
Percent
Net interest income (2)
$2,775 $2,421 $354 15 %
FTE adjustment(20)(14)(6)(43)
Net interest income
2,755 2,407 348 14 
Provision for credit losses177 92 85 92 
Noninterest income1,007 984 23 2 
Noninterest expense2,136 2,071 65 3 
Income before income taxes
1,449 1,228 221 18 
Provision for income taxes278 225 53 24 
Income after income taxes1,171 1,003 168 17 
Income attributable to non-controlling interest10 4 6 150 
Net income attributable to Huntington1,161 999 162 16 
Dividends on preferred shares69 56 13 23 
Net income applicable to common shares
$1,092 $943 $149 16 %
Net income per common share - diluted
$0.74 $0.64 $0.10 16 %
Cash dividends declared per common share
0.31 0.31 — — 
Average common shares - basic
1,445 1,440 5 — 
Average common shares - diluted
1,468 1,464 4 — 
Return on average assets
1.25 %1.14 %
Return on average common shareholders’ equity
13.6 11.5 
Return on average tangible common shareholders’ equity (1)
21.5 17.8 
Net interest margin (2)
3.25 3.02 
Efficiency ratio (3)
55.7 60.0 
Effective tax rate
19.2 18.3 
Average total assets
$187,836 $177,084 $10,752 6 %
Average earning assets
172,026 161,816 10,210 6 
Average loans and leases
120,885 112,553 8,332 7 
Average total deposits
145,850 143,968 1,882 1 
Average core deposits (4) 140,906 140,482 424 — 
Average Huntington shareholders’ equity 18,539 18,644 (105)(1)
Average common total shareholders' equity
16,167 16,478 (311)(2)
Average tangible common shareholders' equity
10,459 10,927 (468)(4)
NCOs as a % of average loans and leases
0.17 %0.05 %
NAL ratio
0.42 0.57 
NPA ratio (5)0.46 0.59 
NM - Not Meaningful
See Notes to the Year to Date and Quarterly Key Statistics.

2

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)June 30, 2023, 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.
3

Huntington Bancshares Incorporated
Consolidated Balance Sheets
June 30,December 31,
(dollar amounts in millions)20232022
Percent Changes
(Unaudited)
Assets
Cash and due from banks
$1,636 $1,796 (9)%
Interest-bearing deposits at Federal Reserve Bank9,443 4,908 92 
Interest-bearing deposits in banks
210 214 (2)
Trading account securities
128 19 574 
Available-for-sale securities
23,233 23,423 (1)
Held-to-maturity securities
16,578 17,052 (3)
Other securities
975 854 14 
Loans held for sale
545 529 3 
Loans and leases (1)
121,225 119,523 1 
Allowance for loan and lease losses
(2,177)(2,121)(3)
Net loans and leases
119,048 117,402 1 
Bank owned life insurance
2,757 2,753 — 
Accrued income and other receivables1,471 1,573 (6)
Premises and equipment
1,128 1,156 (2)
Goodwill
5,561 5,571 — 
Servicing rights and other intangible assets690 712 (3)
Other assets
5,102 4,944 3 
Total assets
$188,505 $182,906 3 %
Liabilities and shareholders' equity
Liabilities
Deposits (2)
$148,028 $147,914 — %
Short-term borrowings
1,680 2,027 (17)
Long-term debt
14,711 9,686 52 
Other liabilities
5,248 5,510 (5)
Total liabilities
169,667 165,137 3 
Shareholders' equity
Preferred stock
2,484 2,167 15 
Common stock
15 14 7 
Capital surplus
15,335 15,309 — 
Less treasury shares, at cost
(92)(80)(15)
Accumulated other comprehensive income (loss)(3,006)(3,098)3 
Retained earnings4,052 3,419 19 
Total Huntington shareholders’ equity18,788 17,731 6 
Non-controlling interest50 38 32 
Total equity18,838 17,769 6 
Total liabilities and equity$188,505 $182,906 3 %
Common shares authorized (par value of $0.01)
2,250,000,000 2,250,000,000 
Common shares outstanding
1,447,882,434 1,443,068,036 
Treasury shares outstanding
7,429,675 6,322,052 
Preferred stock, authorized shares
6,617,808 6,617,808 
Preferred shares outstanding
882,500 557,500 
(1)See page 5 for detail of loans and leases.
(2)See page 6 for detail of deposits.
4

Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial$49,834 41 %$50,039 42 %$48,121 41 %$46,724 40 %$45,653 40 %
Commercial real estate:
Commercial
11,750 10 12,132 10 12,138 10 12,137 10 11,960 10 
Construction
1,416 1 1,255 1 1,502 1 1,739 2 1,522 1 
Commercial real estate13,166 11 13,387 11 13,640 11 13,876 12 13,482 11 
Lease financing5,143 4 5,244 4 5,252 4 5,093 4 5,043 4 
Total commercial
68,143 56 68,670 57 67,013 56 65,693 56 64,178 55 
Consumer:
Residential mortgage23,138 19 22,472 19 22,226 19 21,816 18 21,220 18 
Automobile
12,819 11 13,187 11 13,154 11 13,430 11 13,622 12 
Home equity
10,135 8 10,166 8 10,375 9 10,440 9 10,426 9 
RV and marine
5,640 5 5,404 4 5,376 4 5,436 5 5,453 5 
Other consumer
1,350 1 1,280 1 1,379 1 1,332 1 1,322 1 
Total consumer
53,082 44 52,509 43 52,510 44 52,454 44 52,043 45 
Total loans and leases
$121,225 100 %$121,179 100 %$119,523 100 %$118,147 100 %$116,221 100 %
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Ending balances by business segment:
Consumer & Regional Banking$65,374 54 %$64,387 53 %$64,080 54 %$63,603 54 %$63,355 55 %
Commercial Banking55,672 46 56,599 47 55,304 46 54,320 46 52,663 45 
Treasury / Other179 — 193 — 139 — 224 — 203 — 
Total loans and leases$121,225 100 %$121,179 100 %$119,523 100 %$118,147 100 %$116,221 100 %
Average balances by business segment:
Consumer & Regional Banking$64,782 54 %$64,209 54 %$63,836 54 %$63,468 55 %$62,484 55 %
Commercial Banking56,375 46 55,919 46 54,789 46 53,067 45 51,109 45 
Treasury / Other188 — 292 — 282 — 429 — 356 — 
Total loans and leases
$121,345 100 %$120,420 100 %$118,907 100 %$116,964 100 %$113,949 100 %

5

Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Ending balances:
Total deposits by type:
Demand deposits - noninterest-bearing$33,340 23 %$36,789 25 %$38,242 26 %$40,762 28 %$42,131 29 %
Demand deposits - interest-bearing40,387 27 39,827 28 43,136 29 43,673 30 41,433 28 
Money market deposits40,534 28 37,276 26 36,082 24 33,811 23 34,257 24 
Savings and other domestic deposits18,294 12 19,546 13 20,357 14 21,274 15 21,583 15 
Core certificates of deposit (1)10,314 7 6,981 5 4,324 3 2,115 1 2,103 1 
Total core deposits142,869 97 140,419 97 142,141 96 141,635 97 141,507 97 
Other domestic deposits of $250,000 or more381 — 282 — 220 — 186 — 221 — 
Negotiable CDS, brokered and other deposits
4,778 3 4,577 3 5,553 4 4,492 3 3,707 3 
Total deposits$148,028 100 %$145,278 100 %$147,914 100 %$146,313 100 %$145,435 100 %
Total core deposits:
Commercial$61,450 43 %$61,132 44 %$64,107 45 %$65,151 46 %$63,629 45 %
Consumer81,419 57 79,287 56 78,034 55 76,484 54 77,878 55 
Total core deposits$142,869 100 %$140,419 100 %$142,141 100 %$141,635 100 %$141,507 100 %
Total deposits by business segment:
Consumer & Regional Banking$106,502 72 %$105,339 72 %$105,064 71 %$104,716 72 %$106,967 74 %
Commercial Banking36,459 25 34,660 24 36,807 25 36,487 25 33,913 23 
Treasury / Other5,067 3 5,279 4 6,043 4 5,110 3 4,555 3 
Total deposits$148,028 100 %$145,278 100 %$147,914 100 %$146,313 100 %$145,435 100 %
Average balances:
Total core deposits:
Commercial$61,304 44 %$63,423 45 %$65,128 46 %$65,278 46 %$63,921 45 %
Consumer79,432 56 77,654 55 75,568 54 76,414 54 77,881 55 
Total core deposits$140,736 100 %$141,077 100 %$140,696 100 %$141,692 100 %$141,802 100 %
Average deposits by business segment:
Consumer & Regional Banking$104,593 71 %$104,151 71 %$103,820 71 %$105,174 72 %$106,801 73 %
Commercial Banking35,752 25 36,288 25 36,260 25 35,880 25 34,368 24 
Treasury / Other5,214 4 5,705 4 5,592 4 4,954 3 3,839 3 
Total deposits$145,559 100 %$146,144 100 %$145,672 100 %$146,008 100 %$145,008 100 %
(1)Includes consumer certificates of deposit of $250,000 or more.


6

Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)
Quarterly Average Balances (1)
June 30,March 31,December 31,September 30,June 30,Percent Changes vs.
(dollar amounts in millions)202320232022202220221Q232Q22
Assets
Interest-bearing deposits at Federal Reserve Bank $11,052 $6,101 $4,615 $3,204 $3,532 81 213 
Interest-bearing deposits in banks
229 249 305 260 161 (8)42 
Securities:
Trading account securities
34 21 29 24 30 62 13 
Available-for-sale securities:
Taxable
20,920 21,368 20,467 21,677 21,672 (2)(3)
Tax-exempt
2,745 2,640 2,706 2,917 2,859 4 (4)
Total available-for-sale securities
23,665 24,008 23,173 24,594 24,531 (1)(4)
Held-to-maturity securities - taxable
16,762 16,977 17,022 17,188 17,234 (1)(3)
Other securities1,263 886 857 804 755 43 67 
Total securities
41,724 41,892 41,081 42,610 42,550 — (2)
Loans held for sale
559 450 637 986 1,033 24 (46)
Loans and leases: (2)
Commercial:
Commercial and industrial
50,194 49,028 47,505 46,029 44,763 2 12 
Commercial real estate:
Commercial
12,062 12,282 12,179 11,974 11,442 (2)5 
Construction
1,280 1,400 1,676 1,697 1,760 (9)(27)
Commercial real estate
13,342 13,682 13,855 13,671 13,202 (2)1 
Lease financing5,155 5,209 5,080 4,981 4,919 (1)5 
Total commercial
68,691 67,919 66,440 64,681 62,884 1 9 
Consumer:
Residential mortgage
22,765 22,327 22,011 21,552 20,527 2 11 
Automobile12,927 13,245 13,284 13,514 13,557 (2)(5)
Home equity10,154 10,258 10,417 10,431 10,373 (1)(2)
RV and marine 5,478 5,366 5,408 5,454 5,317 2 3 
Other consumer
1,330 1,305 1,347 1,332 1,291 2 3 
Total consumer
52,654 52,501 52,467 52,283 51,065 — 3 
Total loans and leases
121,345 120,420 118,907 116,964 113,949 1 6 
Total earning assets
174,909 169,112 165,545 164,024 161,225 3 8 
Cash and due from banks
1,639 1,598 1,650 1,697 1,669 3 (2)
Goodwill and other intangible assets5,734 5,759 5,771 5,781 5,613 — 2 
All other assets
10,638 10,568 10,458 10,154 10,107 1 5 
Allowance for loan and lease losses
(2,174)(2,143)(2,132)(2,099)(2,053)(1)(6)
Total assets
$190,746 $184,894 $181,292 $179,557 $176,561 3 %8 %
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing
$39,772 $40,654 $42,705 $42,038 $41,712 (2)%(5)%
Money market deposits
38,753 37,301 34,390 34,058 33,791 4 15 
Savings and other domestic deposits
18,826 19,877 20,831 21,439 21,683 (5)(13)
Core certificates of deposit (3)
8,820 5,747 2,926 2,040 2,228 53 296 
Other domestic deposits of $250,000 or more
320 252 198 193 225 27 42 
Negotiable CDS, brokered and other deposits
4,502 4,815 4,777 4,124 2,981 (7)51 
Total interest-bearing deposits
110,993 108,646 105,827 103,892 102,620 2 8 
Short-term borrowings
5,242 4,371 545 2,609 2,103 20 149 
Long-term debt
16,252 11,047 12,650 8,251 7,024 47 131 
Total interest-bearing liabilities
132,487 124,064 119,022 114,752 111,747 7 19 
Demand deposits - noninterest-bearing
34,566 37,498 39,845 42,116 42,388 (8)(18)
All other liabilities
4,796 5,056 4,929 4,340 4,168 (5)15 
Total liabilities171,849 166,618 163,796 161,208 158,303 3 9 
Total Huntington shareholders’ equity18,844 18,231 17,458 18,317 18,228 3 3 
Non-controlling interest53 45 38 32 30 18 77 
Total equity18,897 18,276 17,496 18,349 18,258 3 3 
Total liabilities and equity$190,746 $184,894 $181,292 $179,557 $176,561 3 %8 %
(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.
7

Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Interest Income / Expense (1)(2)
(Unaudited)
Quarterly Interest Income / Expense
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Assets
Interest-bearing deposits at Federal Reserve Bank $141 $71 $46 $19 $7 
Interest-bearing deposits in banks
5 5 5 2 1 
Securities:
Trading account securities
1 — — — 1 
Available-for-sale securities:
Taxable
252 232 198 165 123 
Tax-exempt
33 29 28 25 19 
Total available-for-sale securities
285 261 226 190 142 
Held-to-maturity securities - taxable
102 102 100 95 90 
Other securities11 10 9 7 6 
Total securities
399 373 335 292 239 
Loans held for sale
8 7 8 13 10 
Loans and leases:
Commercial:
Commercial and industrial746 686 613 515 427 
Commercial real estate:
Commercial217 207 185 144 103 
Construction26 26 28 21 16 
Commercial real estate243 233 213 165 119 
Lease financing71 68 66 63 61 
Total commercial1,060 987 892 743 607 
Consumer:
Residential mortgage200 190 183 174 158 
Automobile134 129 125 120 115 
Home equity187 181 172 143 115 
RV and marine63 58 61 59 55 
Other consumer39 36 36 32 30 
Total consumer623 594 577 528 473 
Total loans and leases
1,683 1,581 1,469 1,271 1,080 
Total earning assets
$2,236 $2,037 $1,863 $1,597 $1,337 
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
$167 $132 $102 $42 $11 
Money market deposits255 172 75 25 8 
Savings and other domestic deposits
6 3 2 1 1 
Core certificates of deposit (3)
83 43 10 1 — 
Other domestic deposits of $250,000 or more
2 2 1 — — 
Negotiable CDS, brokered and other deposits
57 54 45 23 5 
Total interest-bearing deposits
570 406 235 92 25 
Short-term borrowings
74 60 10 22 7 
Long-term debt
235 153 147 71 38 
Total interest-bearing liabilities879 619 392 185 70 
Net interest income
$1,357 $1,418 $1,471 $1,412 $1,267 
(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.


8

Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Yield
(Unaudited)
 Quarterly Average Rates
June 30,March 31,December 31,September 30,June 30,
Fully-taxable equivalent basis (1)
20232023202220222022
Assets
Interest-bearing deposits at Federal Reserve Bank5.12 %4.65 %3.99 %2.39 %0.80 %
Interest-bearing deposits in banks
7.79 8.50 5.72 3.31 1.32 
Securities:
Trading account securities
4.92 5.37 5.45 4.12 3.99 
Available-for-sale securities:
Taxable
4.82 4.34 3.87 3.06 2.25 
Tax-exempt
4.87 4.40 4.21 3.39 2.71 
Total available-for-sale securities
4.83 4.35 3.91 3.09 2.30 
Held-to-maturity securities - taxable
2.42 2.41 2.34 2.21 2.10 
Other securities3.47 4.35 4.15 3.21 3.62 
Total securities
3.82 3.56 3.26 2.74 2.24 
Loans held for sale
6.05 5.85 5.42 4.98 4.08 
Loans and leases: (3)
Commercial:
Commercial and industrial5.87 5.60 5.06 4.37 3.78 
Commercial real estate:
Commercial7.14 6.73 5.93 4.72 3.53 
Construction7.96 7.40 6.54 4.95 3.70 
Commercial real estate7.22 6.80 6.01 4.75 3.56 
Lease financing5.45 5.25 5.02 4.95 4.98 
Total commercial6.10 5.82 5.25 4.50 3.83 
Consumer:
Residential mortgage3.51 3.41 3.33 3.23 3.09 
Automobile4.17 3.94 3.74 3.53 3.40 
Home equity7.42 7.14 6.57 5.43 4.44 
RV and marine 4.59 4.42 4.45 4.29 4.12 
Other consumer11.59 11.18 10.38 9.55 9.08 
Total consumer4.74 4.57 4.37 4.02 3.70 
Total loans and leases
5.51 5.27 4.86 4.28 3.77 
Total earning assets
5.13 4.89 4.46 3.86 3.33 
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
1.68 1.32 0.94 0.40 0.10 
Money market deposits2.64 1.87 0.86 0.29 0.09 
Savings and other domestic deposits
0.11 0.07 0.03 0.02 0.02 
Core certificates of deposit (4)
3.78 3.01 1.42 0.10 0.07 
Other domestic deposits of $250,000 or more
3.27 2.45 1.31 0.35 0.23 
Negotiable CDS, brokered and other deposits
5.07 4.56 3.74 2.25 0.72 
Total interest-bearing deposits
2.06 1.52 0.88 0.35 0.10 
Short-term borrowings
5.70 5.56 7.71 3.31 1.40 
Long-term debt
5.79 5.52 4.66 3.40 2.16 
Total interest-bearing liabilities
2.66 2.02 1.31 0.64 0.25 
Net interest rate spread
2.47 2.87 3.15 3.22 3.08 
Impact of noninterest-bearing funds on margin
0.64 0.53 0.37 0.20 0.07 
Net interest margin
3.11 %3.40 %3.52 %3.42 %3.15 %
Commercial Loan Derivative Impact
(Unaudited)
Average Rates
20232023202220222022
Fully-taxable equivalent basis (1)
SecondFirstFourthThirdSecond
Commercial loans (2)(3)
6.82 %6.42 %5.68 %4.62 %3.69 %
Impact of commercial loan derivatives
(0.72)(0.60)(0.43)(0.12)0.14 
Total commercial - as reported
6.10 %5.82 %5.25 %4.50 %3.83 %
Average 1 Month LIBOR
5.09 %4.62 %3.89 %2.46 %1.01 %
Average SOFR4.97 %4.50 %3.61 %2.14 %0.70 %
(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.
9

Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)
Three Months Ended
(dollar amounts in millions, except per share data)June 30,March 31,December 31,September 30,June 30,
20232023202220222022
Interest income
$2,225 $2,028 $1,854 $1,589 $1,331 
Interest expense
879 619 392 185 70 
Net interest income1,346 1,409 1,462 1,404 1,261 
Provision for credit losses92 85 91 106 67 
Net interest income after provision for credit losses1,254 1,324 1,371 1,298 1,194 
Service charges on deposit accounts 87 83 89 93 105 
Card and payment processing income102 93 96 96 96 
Capital markets fees57 59 83 73 54 
Trust and investment management services68 62 61 60 63 
Mortgage banking income33 26 25 26 44 
Leasing revenue25 26 35 29 27 
Insurance income30 34 31 28 27 
Gain on sale of loans8 3 2 15 12 
Bank owned life insurance income16 16 15 13 11 
Net (losses) gains on sales of securities(5)1 — — — 
Other noninterest income74 109 62 65 46 
Total noninterest income
495 512 499 498 485 
Personnel costs613 649 630 614 577 
Outside data processing and other services148 151 147 145 153 
Equipment64 64 67 60 61 
Net occupancy54 60 61 63 58 
Marketing32 25 22 24 24 
Professional services21 16 21 18 19 
Deposit and other insurance expense23 20 14 15 20 
Amortization of intangibles13 13 13 13 13 
Lease financing equipment depreciation8 8 9 11 11 
Other noninterest expense74 80 93 90 82 
Total noninterest expense
1,050 1,086 1,077 1,053 1,018 
Income before income taxes699 750 793 743 661 
Provision for income taxes134 144 144 146 120 
Income after income taxes565 606 649 597 541 
Income attributable to non-controlling interest6 4 4 3 2 
Net income attributable to Huntington559 602 645 594 539 
Dividends on preferred shares40 29 28 29 28 
Net income applicable to common shares$519 $573 $617 $565 $511 
Average common shares - basic
1,446 1,443 1,443 1,443 1,441 
Average common shares - diluted
1,466 1,469 1,468 1,465 1,463 
Per common share
Net income - basic$0.36 $0.40 $0.43 $0.39 $0.35 
Net income - diluted0.35 0.39 0.42 0.39 0.35 
Cash dividends declared
0.155 0.155 0.155 0.155 0.155 
Revenue - fully-taxable equivalent (FTE)
Net interest income
$1,346 $1,409 $1,462 $1,404 $1,261 
FTE adjustment
11 9 9 8 6 
Net interest income (1)
1,357 1,418 1,471 1,412 1,267 
Noninterest income
495 512 499 498 485 
Total revenue (1)
$1,852 $1,930 $1,970 $1,910 $1,752 
On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.

10

Huntington Bancshares Incorporated
Quarterly Mortgage Banking Noninterest Income
(Unaudited)
Three Months Ended
June 30,March 31,December 31,September 30,June 30,
Percent Changes vs.
(dollar amounts in millions)
202320232022202220221Q232Q22
Net origination and secondary marketing income
$23 $16 $16 $25 $27 44 %(15)%
Net mortgage servicing income
          Loan servicing income
23 23 22 22 22 — 5 
          Amortization of capitalized servicing(12)(10)(11)(14)(16)(20)25 
    Operating income11 13 11 8 6 (15)83 
          MSR valuation adjustment (1)15 (12)2 17 44 225 (66)
          (Losses) gains due to MSR hedging(15)9 (4)(24)(34)(267)56 
     Net MSR risk management — (3)(2)(7)10 100 (100)
Total net mortgage servicing income$11 $10 $9 $1 $16 10 %(31)%
All other(1)— — — 1 (100)(200)
Mortgage banking income
$33 $26 $25 $26 $44 27 %(25)%
Mortgage origination volume$2,504 $1,412 $1,719 $2,491 $3,366 77 %(26)%
Mortgage origination volume for sale
1,239 809 889 1,339 1,263 53 (2)
Third party mortgage loans serviced (2)32,712 32,496 32,354 31,988 31,704 1 3 
Mortgage servicing rights (2)505 485 494 486 463 4 9 
MSR % of investor servicing portfolio (2)1.55 %1.49 %1.53 %1.52 %1.46 %4 %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.
11

Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)
Three Months Ended
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Allowance for loan and lease losses, beginning of period
$2,142 $2,121 $2,110 $2,074 $2,018 
Loan and lease charge-offs(92)(99)(97)(83)(52)
Recoveries of loans and leases previously charged-off43 42 47 39 44 
Net loan and lease charge-offs(49)(57)(50)(44)(8)
Provision for loan and lease losses84 78 61 80 64 
Allowance for loan and lease losses, end of period
2,177 2,142 2,121 2,110 2,074 
Allowance for unfunded lending commitments, beginning of period157 150 120 94 91 
Provision for unfunded lending commitments8 7 30 26 3 
Allowance for unfunded lending commitments, end of period165 157 150 120 94 
Total allowance for credit losses, end of period
$2,342 $2,299 $2,271 $2,230 $2,168 
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases1.80 %1.77 %1.77 %1.79 %1.78 %
Nonaccrual loans and leases (NALs)
427 402 373 351 316 
Nonperforming assets (NPAs)
391 371 357 336 304 
Total allowance for credit losses (ACL) as % of:
Total loans and leases
1.93 %1.90 %1.90 %1.89 %1.87 %
Nonaccrual loans and leases (NALs)459 431 400 371 330 
Nonperforming assets (NPAs)420 398 382 355 318 

Three Months Ended
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Allocation of allowance for credit losses
Commercial
Commercial and industrial$994 $967 $939 $914 $838 
Commercial real estate442 440 433 450 464 
Lease financing47 50 52 50 40 
Total commercial1,483 1,457 1,424 1,414 1,342 
Consumer
Residential mortgage194 176 187 178 177 
Automobile144 151 141 118 146 
Home equity119 118 105 126 131 
RV and marine145 144 143 127 147 
Other consumer92 96 121 147 131 
Total consumer694 685 697 696 732 
Total allowance for loan and lease losses2,177 2,142 2,121 2,110 2,074 
Allowance for unfunded lending commitments165 157 150 120 94 
Total allowance for credit losses$2,342 $2,299 $2,271 $2,230 $2,168 


12

Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)
Three Months Ended
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial
$20 $16 $9 $16 $(4)
Commercial real estate
7 18 7 (3)(4)
Lease financing— (5)5 2 (3)
Total commercial
27 29 21 15 (11)
Consumer:
Residential mortgage1 — — (1)(1)
Automobile3 5 3 3 — 
Home equity— (1)— (2)(2)
RV and marine
2 2 2 2 1 
Other consumer
16 22 24 27 21 
Total consumer
22 28 29 29 19 
Total net charge-offs$49 $57 $50 $44 $8 
Three Months Ended
June 30,March 31,December 31,September 30,June 30,
20232023202220222022
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial
0.15 %0.13 %0.08 %0.14 %(0.04)%
Commercial real estate
0.23 0.51 0.20 (0.07)(0.13)
Lease financing— (0.37)0.40 0.17 (0.24)
Total commercial
0.16 0.17 0.13 0.10 (0.07)
Consumer:
Residential mortgage0.01 0.01 (0.01)(0.02)(0.02)
Automobile0.10 0.14 0.12 0.07 — 
Home equity(0.02)(0.02)(0.04)(0.07)(0.08)
RV and marine
0.13 0.18 0.15 0.17 0.10 
Other consumer
5.17 6.37 7.08 8.09 6.60 
Total consumer
0.17 0.21 0.22 0.22 0.15 
Net charge-offs as a % of average loans and leases0.16 %0.19 %0.17 %0.15 %0.03 %

13

Huntington Bancshares Incorporated
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs) (1)
(Unaudited)
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)
20232023202220222022
Nonaccrual loans and leases (NALs):
Commercial and industrial
$267 $273 $288 $288 $324 
Commercial real estate
75 86 92 110 117 
Lease financing15 14 18 30 22 
Residential mortgage73 81 90 94 111 
Automobile4 4 4 4 4 
Home equity
75 74 76 75 78 
RV and marine
1 1 1 1 1 
Total nonaccrual loans and leases
510 533 569 602 657 
Other real estate, net18 20 11 11 11 
Other NPAs (1)29 25 14 14 14 
Total nonperforming assets
$557 $578 $594 $627 $682 
Nonaccrual loans and leases as a % of total loans and leases
0.42 %0.44 %0.48 %0.51 %0.57 %
NPA ratio (2)0.46 0.48 0.50 0.53 0.59 
(NPA+90days)/(Loan+OREO) (3)0.60 0.63 0.67 0.72 0.77 
Three Months Ended
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Nonperforming assets, beginning of period$578 $594 $627 $682 $708 
New nonperforming assets188 237 251 119 181 
Returns to accruing status(34)(73)(84)(42)(81)
Charge-offs(42)(54)(54)(39)(26)
Payments(118)(124)(144)(89)(97)
Sales(15)(2)(2)(4)(3)
Nonperforming assets, end of period$557 $578 $594 $627 $682 
(1)Other nonperforming assets include certain impaired 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.

14

Huntington Bancshares Incorporated
Quarterly Accruing Past Due Loans and Leases
(Unaudited)
 June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Accruing loans and leases past due 90+ days:
Commercial and industrial
$7 $12 $23 $29 $11 
Lease financing16 10 9 18 10 
Residential mortgage (excluding loans guaranteed by the U.S. Government)18 20 21 17 14 
Automobile6 7 9 6 6 
Home equity18 18 15 12 13 
RV and marine2 2 3 2 2 
Other consumer
3 2 2 3 2 
Total, excl. loans guaranteed by the U.S. Government
70 71 82 87 58 
Add: loans guaranteed by U.S. Government
103 114 125 136 154 
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government
$173 $185 $207 $223 $212 
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.06 %0.06 %0.07 %0.07 %0.05 %
Guaranteed by U.S. Government, as a percent of total loans and leases
0.08 0.09 0.10 0.12 0.13 
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.14 0.15 0.17 0.19 0.18 

15

Huntington Bancshares Incorporated
Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data
(Unaudited)
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity$18,788 $18,758 $17,731 $17,136 $17,950 
Regulatory capital adjustments:
CECL transitional amount (2)219 219 328 328 328 
Shareholders’ preferred equity and related surplus(2,494)(2,494)(2,177)(2,177)(2,177)
Accumulated other comprehensive loss3,006 2,755 3,098 3,276 2,098 
Goodwill and other intangibles, net of taxes(5,620)(5,636)(5,663)(5,675)(5,686)
Deferred tax assets from tax loss and credit carryforwards(14)(14)(27)(29)(36)
Common equity tier 1 capital
13,885 13,588 13,290 12,859 12,477 
Additional tier 1 capital
Shareholders’ preferred equity and related surplus2,494 2,494 2,177 2,177 2,177 
Tier 1 capital
16,379 16,082 15,467 15,036 14,654 
Long-term debt and other tier 2 qualifying instruments
1,394 1,395 1,424 1,441 1,462 
Qualifying allowance for loan and lease losses
1,767 1,779 1,682 1,637 1,541 
Tier 2 capital
3,161 3,174 3,106 3,078 3,003 
Total risk-based capital
$19,540 $19,256 $18,573 $18,114 $17,657 
Risk-weighted assets (RWA)(1)$141,432 $142,335 $141,940 $138,759 $137,841 
Common equity tier 1 risk-based capital ratio (1)
9.82 %9.55 %9.36 %9.27 %9.05 %
Other regulatory capital data:
Tier 1 leverage ratio (1)
9.01 8.79 8.60 8.51 8.46 
Tier 1 risk-based capital ratio (1)
11.58 11.30 10.90 10.84 10.63 
Total risk-based capital ratio (1)
13.82 13.53 13.09 13.05 12.81 
Non-regulatory capital data:
Tangible common equity / RWA ratio (1)
7.50 7.43 6.93 6.66 7.28 
(1)June 30, 2023, figures are estimated.
(2)Upon adoption in 2020, Huntington elected to temporarily delay certain effects of CECL on regulatory capital, utilizing a two-year delay followed by a three-year transition period. January 1, 2022 began the three-year transition period, whereby 100% of the day-one impact of adopting CECL and 25% of the cumulative change in the reported allowance for credit losses since adopting CECL will be recognized over the three-year transition period. As of March 31, 2023 and June 30, 2023, 50% of the cumulative CECL deferral has been phased in. As of June 30, 2022, September 30, 2022, and December 31, 2022, 25% of the cumulative CECL deferral has been phased in.
16

Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data
(Unaudited)
Quarterly common stock summary
June 30,March 31,December 31,September 30,June 30,
20232023202220222022
Cash dividends declared per common share
$0.155 $0.155 $0.155 $0.155 $0.155 
Common shares outstanding (in millions)
Average - basic
1,446 1,443 1,443 1,443 1,441 
Average - diluted
1,466 1,469 1,468 1,465 1,463 
Ending
1,448 1,444 1,443 1,443 1,442 
Tangible book value per common share (1)
$7.33 $7.32 $6.82 $6.40 $6.96 

Non-regulatory capital
June 30,March 31,December 31,September 30,June 30,
(dollar amounts in millions)20232023202220222022
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity$18,788 $18,758 $17,731 $17,136 $17,950 
Goodwill and other intangible assets(5,728)(5,741)(5,766)(5,775)(5,788)
Deferred tax liability on other intangible assets (1)35 38 41 43 46 
Total tangible equity
13,095 13,055 12,006 11,404 12,208 
Preferred equity(2,484)(2,484)(2,167)(2,167)(2,167)
Total tangible common equity
$10,611 $10,571 $9,839 $9,237 $10,041 
Total assets
$188,505 $189,070 $182,906 $179,402 $178,782 
Goodwill and other intangible assets(5,728)(5,741)(5,766)(5,775)(5,788)
Deferred tax liability on other intangible assets (1)35 38 41 43 46 
Total tangible assets
$182,812 $183,367 $177,181 $173,670 $173,040 
Tangible equity / tangible asset ratio
7.16 %7.12 %6.78 %6.57 %7.06 %
Tangible common equity / tangible asset ratio
5.80 5.77 5.55 5.32 5.80 
Other data:
Number of employees (Average full-time equivalent)
20,200 20,198 20,007 19,997 19,866 
Number of domestic full-service branches (2)
1,001 1,001 1,032 1,032 1,032 
ATM Count
1,641 1,668 1,695 1,715 1,731 
(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.
(2)Includes Regional Banking and The Huntington Private Client Group offices.


17

Huntington Bancshares Incorporated
Consolidated Year To Date Average Balance Sheets
(Unaudited)
YTD Average Balances (1)
Six Months Ended June 30,
Change
(dollar amounts in millions)
20232022
Amount
Percent
Assets
Interest-bearing deposits at Federal Reserve Bank$8,590 $5,354 $3,236 60 %
Interest-bearing deposits in banks
239 168 71 42 
Securities:
Trading account securities
27 38 (11)(29)
Available-for-sale securities:
Taxable
21,143 22,931 (1,788)(8)
Tax-exempt
2,693 2,873 (180)(6)
Total available-for-sale securities
23,836 25,804 (1,968)(8)
Held-to-maturity securities - taxable
16,869 15,902 967 6 
Other securities1,075 860 215 25 
Total securities
41,807 42,604 (797)(2)
Loans held for sale
505 1,137 (632)(56)
Loans and leases: (2)
Commercial:
Commercial and industrial49,615 43,937 5,678 13 
Commercial real estate:
Commercial12,171 11,462 709 6 
Construction1,340 1,818 (478)(26)
Commercial real estate13,511 13,280 231 2 
Lease financing5,181 4,915 266 5 
Total commercial68,307 62,132 6,175 10 
Consumer:
Residential mortgage22,547 20,019 2,528 13 
Automobile13,085 13,510 (425)(3)
Home equity10,206 10,394 (188)(2)
RV and marine5,422 5,210 212 4 
Other consumer1,318 1,288 30 2 
Total consumer52,578 50,421 2,157 4 
Total loans and leases
120,885 112,553 8,332 7 
Total earning assets
172,026 161,816 10,210 6 
Cash and due from banks
1,619 1,659 (40)(2)
Goodwill and other intangible assets5,747 5,598 149 3 
All other assets
10,602 10,061 541 5 
Allowance for loan and lease losses
(2,158)(2,050)(108)(5)
Total assets
$187,836 $177,084 $10,752 6 %
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing
$40,211 $41,176 $(965)(2)%
Money market deposits38,031 33,235 4,796 14 
Savings and other domestic deposits
19,348 21,501 (2,153)(10)
Core certificates of deposit (3)
7,292 2,393 4,899 NM
Other domestic deposits of $250,000 or more
286 270 16 6 
Negotiable CDS, brokered and other deposits
4,659 3,216 1,443 45 
Total interest-bearing deposits
109,827 101,791 8,036 8 
Short-term borrowings
4,809 3,408 1,401 41 
Long-term debt
13,664 6,969 6,695 96 
Total interest-bearing liabilities
128,300 112,168 16,132 14 
Demand deposits - noninterest-bearing
36,023 42,177 (6,154)(15)
All other liabilities
4,925 4,068 857 21 
Total Liabilities169,248 158,413 10,835 7 
Total Huntington shareholders’ equity18,539 18,644 (105)(1)
Non-controlling interest49 27 22 81 
Total equity$18,588 $18,671 $(83)— 
Total liabilities and equity$187,836 $177,084 $21,587 6 
NM - Not Meaningful
(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.
18

Huntington Bancshares Incorporated
Consolidated Year To Date Net Interest Margin - Interest Income / Expense (1)(2)
(Unaudited)
YTD Interest Income / Expense
Six Months Ended June 30,
(dollar amounts in millions)
20232022
Assets
Interest-bearing deposits at Federal Reserve Bank $212 $10 
Interest-bearing deposits in banks
10 1 
Securities:
Trading account securities
1 1 
Available-for-sale securities:
Taxable
484 213 
Tax-exempt
62 41 
Total available-for-sale securities
546 254 
Held-to-maturity securities - taxable
204 156 
Other securities21 11 
Total securities
772 422 
Loans held for sale
15 20 
Loans and leases:
Commercial:
Commercial and industrial1,432 828 
Commercial real estate:
Commercial424 191 
Construction52 33 
Commercial real estate476 224 
Lease financing139 122 
Total commercial2,047 1,174 
Consumer:
Residential mortgage390 304 
Automobile263 227 
Home equity368 217 
RV and marine121 107 
Other consumer75 58 
Total consumer1,217 913 
Total loans and leases
3,264 2,087 
Total earning assets
$4,273 $2,540 
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
$299 $14 
Money market deposits427 12 
Savings and other domestic deposits
9 2 
Core certificates of deposit (3)
126 1 
Other domestic deposits of $250,000 or more
4 — 
Negotiable CDS, brokered and other deposits
111 7 
Total interest-bearing deposits
976 36 
Short-term borrowings
134 14 
Long-term debt
388 69 
Total interest-bearing liabilities
1,498 119 
Net interest income
$2,775 $2,421 
(1)Fully-taxable equivalent (FTE) income and expense calculated assuming a 21% tax rate. See page 21 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.
19

Huntington Bancshares Incorporated
Consolidated Year To Date Net Interest Margin - Yield
(Unaudited)
YTD Average Rates
Six Months Ended June 30,
Fully-taxable equivalent basis (1)
20232022
Assets
Interest-bearing deposits at Federal Reserve Bank4.95 %0.38 %
Interest-bearing deposits in banks
8.16 0.71 
Securities:
Trading account securities
5.09 3.63 
Available-for-sale securities:
Taxable
4.58 1.85 
Tax-exempt
4.64 2.86 
Total available-for-sale securities
4.59 1.96 
Held-to-maturity securities - taxable
2.42 1.97 
Other securities3.83 2.64 
Total securities
3.69 1.98 
Loans held for sale
5.96 3.58 
Loans and leases: (3)
Commercial:
Commercial and industrial5.74 3.75 
Commercial real estate:
Commercial6.93 3.31 
Construction7.67 3.61 
Commercial real estate7.01 3.35 
Lease financing5.35 4.95 
Total commercial5.96 3.76 
Consumer:
Residential mortgage3.46 3.04 
Automobile4.05 3.39 
Home equity7.28 4.21 
RV and marine4.51 4.14 
Other consumer11.39 9.02 
Total consumer4.66 3.64 
Total loans and leases
5.39 3.71 
Total earning assets
5.01 %3.17 %
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
1.50 %0.07 %
Money market deposits2.27 0.07 
Savings and other domestic deposits
0.09 0.02 
Core certificates of deposit (4)
3.48 0.10 
Other domestic deposits of $250,000 or more
2.91 0.19 
Negotiable CDS, brokered and other deposits
4.81 0.42 
Total interest-bearing deposits
1.79 0.07 
Short-term borrowings
5.64 0.83 
Long-term debt
5.67 1.99 
Total interest-bearing liabilities
2.35 0.21 
Net interest rate spread
2.66 2.96 
Impact of noninterest-bearing funds on margin
0.59 0.06 
Net interest margin
3.25 %3.02 %
Commercial Loan Derivative Impact
 (Unaudited)
YTD Average Rates
Six Months Ended June 30,
Fully-taxable equivalent basis (1)
20232022
Commercial loans (2)(3)
6.62 %3.58 %
Impact of commercial loan derivatives
(0.66)0.18 
Total commercial - as reported
5.96 %3.76 %
Average 1 Month LIBOR
4.85 %0.61 %
Average SOFR4.73 %0.40 %
(1)Fully-taxable equivalent (FTE) yields are calculated assuming a 21% tax rate. See page 21 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 the impact of nonaccrual loans and leases.
(4)Includes consumer certificates of deposit of $250,000 or more.
20

Huntington Bancshares Incorporated
Selected Year To Date Income Statement Data
(Unaudited)
Six Months Ended June 30,Change
(dollar amounts in millions, except per share data)20232022AmountPercent
Interest income$4,253 $2,526 $1,727 68 %
Interest expense1,498 119 1,379 NM
Net interest income2,755 2,407 348 14 
Provision for credit losses177 92 85 92 
Net interest income after provision for credit losses2,578 2,315 263 11 
Service charges on deposit accounts 170 202 (32)(16)
Card and payment processing income195 182 13 7 
Capital markets fees116 96 20 21 
Trust and investment management services130 128 2 2 
Mortgage banking income59 93 (34)(37)
Leasing revenue51 62 (11)(18)
Insurance income64 58 6 10 
Gain on sale of loans11 40 (29)(73)
Bank owned life insurance income32 28 4 14 
Net (losses) gains on sales of securities(4)— (4)(100)
Other noninterest income183 95 88 93 
Total noninterest income1,007 984 23 2 
Personnel costs1,262 1,157 105 9 
Outside data processing and other services299 318 (19)(6)
Equipment128 142 (14)(10)
Net occupancy114 122 (8)(7)
Marketing57 45 12 27 
Professional services37 38 (1)(3)
Deposit and other insurance expense43 38 5 13 
Amortization of intangibles26 27 (1)(4)
Lease financing equipment depreciation16 25 (9)(36)
Other noninterest expense154 159 (5)(3)
Total noninterest expense2,136 2,071 65 3 
Income before income taxes1,449 1,228 221 18 
Provision for income taxes278 225 53 24 
Income after income taxes1,171 1,003 168 17 
Income attributable to non-controlling interest10 4 6 150 
Net income attributable to Huntington1,161 999 162 16 
Dividends on preferred shares69 56 13 23 
Net income applicable to common shares$1,092 $943 $149 16 %
Average common shares - basic 1,445 1,440 5 — 
Average common shares - diluted1,468 1,464 4 — 
Per common share
Net income - basic$0.76 $0.65 $0.11 17 %
Net income - diluted0.74 0.64 0.10 16 
Cash dividends declared0.31 0.31 — — 
Revenue - fully taxable equivalent (FTE)
Net interest income$2,755 $2,407 $348 14 %
FTE adjustment20 14 6 43 
Net interest income (1)2,775 2,421 354 15 
Noninterest income1,007 984 23 2 
Total revenue (1)$3,782 $3,405 $377 11 %
NM - Not Meaningful
(1)On a fully-taxable equivalent (FTE) basis assuming a 21% tax rate.
21

Huntington Bancshares Incorporated
Year To Date Mortgage Banking Noninterest Income
(Unaudited)
Six Months Ended June 30,Change
(dollar amounts in millions)20232022AmountPercent
Net origination and secondary marketing income$39 $64 $(25)(39)%
Net mortgage servicing income
          Loan servicing income46 44 2 5 
          Amortization of capitalized servicing(22)(31)9 29 
     Operating income24 13 11 85 
          MSR valuation adjustment (1)3 95 (92)(97)
          (Losses) gains due to MSR hedging(6)(81)75 93 
     Net MSR risk management (3)14 (17)— 
Total net mortgage servicing income$21 $27 $(6)(22)%
All other(1)2 (3)(150)
Mortgage banking income$59 $93 $(34)(37)%
Mortgage origination volume$3,916 $6,247 $(2,331)(37)%
Mortgage origination volume for sale2,048 2,782 (734)(26)
Third party mortgage loans serviced (2)32,712 31,704 1,008 3 
Mortgage servicing rights (2)505 463 42 9 
MSR % of investor servicing portfolio (2)1.55 %1.46 %0.09 %6 %
NM - Not Meaningful
(1)The change in fair value for the period represents the MSR valuation adjustment, net of amortization of capitalized servicing.
(2)At period end.
22

Huntington Bancshares Incorporated
Year To Date Credit Reserves Analysis
(Unaudited)
Six Months Ended June 30,
(dollar amounts in millions)
20232022
Allowance for loan and lease losses, beginning of period
$2,121 $2,030 
Loan and lease charge-offs(191)(133)
Recoveries of loans and leases previously charged off85 106 
Net loan and lease charge-offs(106)(27)
Provision for loan and lease losses
162 71 
Allowance for loan and lease losses, end of period
2,177 2,074 
Allowance for unfunded lending commitments, beginning of period$150 $77 
Provision for unfunded lending commitments15 17 
Allowance for unfunded lending commitments, end of period165 94 
Total allowance for credit losses, end of period$2,342 $2,168 
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases
1.80 %1.78 %
Nonaccrual loans and leases (NALs)
427 316 
Nonperforming assets (NPAs)
391 304 
Total allowance for credit losses (ACL) as % of:
Total loans and leases
1.93 %1.87 %
Nonaccrual loans and leases (NALs)459 330 
Nonperforming assets (NPAs)420 318 
23

Huntington Bancshares Incorporated
Year To Date Net Charge-Off Analysis
(Unaudited)
Six Months Ended June 30,
(dollar amounts in millions)
20232022
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial$36 $(27)
Commercial real estate25 4 
Lease financing(5)2 
Total commercial
56 (21)
Consumer:
Residential mortgage1 (1)
Automobile8 — 
Home equity(1)(3)
RV and marine
4 4 
Other consumer38 48 
Total consumer
50 48 
Total net charge-offs$106 $27 
Six Months Ended June 30,
20232022
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial0.14 %(0.12)%
Commercial real estate0.37 0.06 
Lease financing(0.19)0.08 
Total commercial0.16 (0.07)
Consumer:
Residential mortgage0.01 (0.01)
Automobile0.12 — 
Home equity(0.02)(0.05)
RV and marine
0.16 0.15 
Other consumer5.76 7.53 
Total consumer0.19 0.19 
Net charge-offs as a % of average loans0.17 %0.05 %

24

Huntington Bancshares Incorporated
Year To Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)
(Unaudited)
June 30,
(dollar amounts in millions)
20232022
Nonaccrual loans and leases (NALs):
Commercial and industrial$267 $324 
Commercial real estate75 117 
Lease financing15 22 
Residential mortgage73 111 
Automobile4 4 
Home equity75 78 
RV and marine1 1 
Total nonaccrual loans and leases510 657 
Other real estate, net18 11 
Other NPAs (1)29 14 
Total nonperforming assets (3)
$557 $682 
Nonaccrual loans and leases as a % of total loans and leases0.42 %0.57 %
NPA ratio (2)
0.46 0.59 
Six Months Ended June 30,
(dollar amounts in millions)
20232022
Nonperforming assets, beginning of period$594 $750 
New nonperforming assets425 385 
Returns to accruing status(107)(138)
Charge-offs(96)(58)
Payments(242)(252)
Sales and held-for-sale transfers
(17)(5)
Nonperforming assets, end of period (2)
$557 $682 
(1)Other nonperforming assets include certain impaired 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)Nonaccruing troubled debt restructured loans are included in the total nonperforming assets balance.
25

Huntington Bancshares Incorporated
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

Huntington believes certain non-GAAP financial measures to be helpful in understanding Huntington’s results of operations. The following tables provide the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure.
Three Months Ended
June 30,March 31,June 30,
Percent Changes vs.
($ in millions)2023202320221Q232Q22
Pre-Provision Net Revenue (PPNR)
Total revenue (GAAP)$1,841 $1,921 $1,746 
FTE adjustment11 9 6 
Total revenue (FTE) (a)1,852 1,930 1,752 
Less: net (loss)/gain on securities(5)1 — 
Less: Notable items— 57 — 
Total revenue (FTE), excluding net gain/(loss) on securities and notable items (b)1,857 1,872 1,752 
Noninterest expense (GAAP) (c)1,050 1,086 1,018 
Less: Notable items— 42 24 
Noninterest expense, excluding notable items (d)1,050 1,044 994 
PPNR (a-c)802 844 734 (5)%9 %
PPNR, adjusted (b-d)807 828 758 (3)%6 %
26