Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

June 30, 2024

Table of Contents


Quarterly Key Statistics			1

Year to Date 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 Year to Date Average Balance Sheets			18

Consolidated Year to Date Net Interest Margin - Interest Income / Expense			19

Consolidated Year to Date Net Interest Margin - Yield			20

Selected Year to Date Income Statement Data			21

Year to Date Mortgage Banking Noninterest Income			22

Year to Date Credit Reserves Analysis			23

Year to Date Net Charge-Off Analysis			24

Year to Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)			25

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.

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.
	2024			2024			2023			1Q24		2Q23
Net interest income (1)	$	1,325		$	1,300		$	1,357		2	%	(2)	%
FTE adjustment	(13)			(13)			(11)			—		(18)
Net interest income	1,312			1,287			1,346			2		(3)
Provision for credit losses	100			107			92			(7)		9
Noninterest income	491			467			495			5		(1)
Noninterest expense	1,117			1,137			1,050			(2)		6
Income before income taxes	586			510			699			15		(16)
Provision for income taxes	106			86			134			23		(21)
Income after income taxes	480			424			565			13		(15)
Income attributable to non-controlling interest	6			5			6			20		—
Net income attributable to Huntington	474			419			559			13		(15)
Dividends on preferred shares	35			36			40			(3)		(13)

Net income applicable to common shares	$	439		$	383		$	519		15	%	(15)

Net income per common share - diluted	$	0.30		$	0.26		$	0.35		15	%	(14)	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	7.89			7.77			7.33			2		8

Average common shares - basic	1,451			1,448			1,446			—		—
Average common shares - diluted	1,474			1,473			1,466			—		1
Ending common shares outstanding	1,452			1,449			1,448			—		—
Return on average assets	0.98		%	0.89		%	1.18		%
Return on average common shareholders’ equity	10.4			9.2			12.7
Return on average tangible common shareholders’ equity (2)	16.1			14.2			19.9
Net interest margin (1)	2.99			3.01			3.11
Efficiency ratio (3)	60.8			63.7			55.9
Effective tax rate	18.2			16.8			19.3
Average total assets	$	194,558		$	190,306		$	190,746		2		2
Average earning assets	178,062			173,764			174,909			2		2
Average loans and leases	123,376			121,930			121,345			1		2

Average total deposits	$	153,578		$	150,728		$	145,559		2		6
Average core deposits (4)	147,393			144,960			140,736			2		5

Average Huntington shareholders’ equity	19,254			19,213			18,844			—		2
Average common total shareholders' equity	16,861			16,819			16,359			—		3
Average tangible common shareholders' equity	11,201			11,151			10,662			—		5
Total assets at end of period	196,310			193,519			188,505			1		4
Total Huntington shareholders’ equity at end of period	19,515			19,322			18,788			1		4

NCOs as a % of average loans and leases	0.29		%	0.30		%	0.16		%
NAL ratio	0.59			0.58			0.42
NPA ratio (5)	0.63			0.60			0.46
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.85			1.86			1.80
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.95			1.97			1.93
Common equity tier 1 risk-based capital ratio (6)	10.4			10.2			9.8
Tangible common equity / tangible asset ratio (7)	6.0			6.0			5.8

NM - Not Meaningful

See Notes to the Quarterly and Year to Date Key Statistics.

Huntington Bancshares Incorporated

Year to Date Key Statistics

(Unaudited)


	Six Months Ended June 30,						Change
(dollar amounts in millions, except per share data)	2024			2023			Amount		Percent
Net interest income (1)	$	2,625		$	2,775		$	(150)	(5)	%
FTE adjustment	(26)			(20)			(6)		(30)
Net interest income	2,599			2,755			(156)		(6)
Provision for credit losses	207			177			30		17
Noninterest income	958			1,007			(49)		(5)
Noninterest expense	2,254			2,136			118		6
Income before income taxes	1,096			1,449			(353)		(24)
Provision for income taxes	192			278			(86)		(31)
Income after income taxes	904			1,171			(267)		(23)
Income attributable to non-controlling interest	11			10			1		10
Net income attributable to Huntington	893			1,161			(268)		(23)
Dividends on preferred shares	71			69			2		3

Net income applicable to common shares	$	822		$	1,092		$	(270)	(25)	%

Net income per common share - diluted	$	0.56		$	0.74		$	(0.18)	(24)	%
Cash dividends declared per common share	0.31			0.31			—		—

Average common shares - basic	1,450			1,445			5		—
Average common shares - diluted	1,474			1,468			6		—

Return on average assets	0.93		%	1.25		%
Return on average common shareholders’ equity	9.8			13.6
Return on average tangible common shareholders’ equity (2)	15.1			21.5
Net interest margin (1)	3.00			3.25
Efficiency ratio (3)	62.2			55.7
Effective tax rate	17.5			19.2

Average total assets	$	192,432		$	187,836		$	4,596	2	%
Average earning assets	175,913			172,026			3,887		2
Average loans and leases	122,653			120,885			1,768		1
Average total deposits	152,153			145,850			6,303		4
Average core deposits (4)	146,177			140,906			5,271		4
Average Huntington shareholders’ equity	19,234			18,539			695		4
Average common total shareholders' equity	16,840			16,167			673		4
Average tangible common shareholders' equity	11,176			10,459			717		7

NCOs as a % of average loans and leases	0.30		%	0.17		%
NAL ratio	0.59			0.42
NPA ratio (5)	0.63			0.46

NM - Not Meaningful

See Notes to the Quarterly and Year to Date Key Statistics.

Notes to the Quarterly and Year to Date Key Statistics

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

(2)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.

(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, 2024 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


	June 30,		December 31,
(dollar amounts in millions)	2024		2023		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,333	$	1,558	(14)	%


Interest-earning deposits with banks	11,450		8,765		31
Trading account securities	154		125		23
Available-for-sale securities	27,454		25,305		8
Held-to-maturity securities	15,036		15,750		(5)


Other securities	844		725		16
Loans held for sale	668		516		29
Loans and leases (1)	124,422		121,982		2
Allowance for loan and lease losses	(2,304)		(2,255)		(2)
Net loans and leases	122,118		119,727		2
Bank owned life insurance	2,775		2,759		1
Accrued income and other receivables	1,591		1,646		(3)
Premises and equipment	1,095		1,109		(1)
Goodwill	5,561		5,561		—
Servicing rights and other intangible assets	673		672		—
Other assets	5,558		5,150		8
Total assets	$	196,310	$	189,368	4	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	154,367	$	151,230	2	%
Short-term borrowings	187		620		(70)
Long-term debt	16,461		12,394		33
Other liabilities	5,732		5,726		—
Total liabilities	176,747		169,970		4

Shareholders' equity
Preferred stock	2,394		2,394		—
Common stock	15		15		—
Capital surplus	15,425		15,389		—
Less treasury shares, at cost	(90)		(91)		1
Accumulated other comprehensive income (loss)	(2,911)		(2,676)		(9)
Retained earnings	4,682		4,322		8
Total Huntington shareholders’ equity	19,515		19,353		1
Non-controlling interest	48		45		7
Total equity	19,563		19,398		1
Total liabilities and equity	$	196,310	$	189,368	4	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,452,432,838		1,448,319,953
Treasury shares outstanding	7,322,727		7,403,008
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	881,587		881,587

(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)


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2024				2024				2023				2023				2023
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	52,307	42	%	$	51,500	42	%	$	50,657	42	%	$	49,422	41	%	$	49,834	41	%
Commercial real estate:
Commercial	10,997		9		11,339		9		11,092		9		11,365		10		11,750		10
Construction	936		1		1,003		1		1,330		1		1,303		1		1,416		1
Commercial real estate	11,933		10		12,342		10		12,422		10		12,668		11		13,166		11
Lease financing	5,202		4		5,133		4		5,228		4		5,161		4		5,143		4
Total commercial	69,442		56		68,975		56		68,307		56		67,251		56		68,143		56
Consumer:
Residential mortgage	24,069		19		23,744		20		23,720		20		23,427		19		23,138		19
Automobile	13,233		11		12,662		10		12,482		10		12,724		11		12,819		11
Home equity	10,076		8		10,047		8		10,113		8		10,118		8		10,135		8
RV and marine	6,042		5		5,887		5		5,899		5		5,937		5		5,640		5
Other consumer	1,560		1		1,452		1		1,461		1		1,396		1		1,350		1
Total consumer	54,980		44		53,792		44		53,675		44		53,602		44		53,082		44
Total loans and leases	$	124,422	100	%	$	122,767	100	%	$	121,982	100	%	$	120,853	100	%	$	121,225	100	%


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2024				2024				2023				2023				2023
Ending balances by business segment:
Consumer & Regional Banking	$	69,328	56	%	$	67,512	55	%	$	67,108	55	%	$	66,202	55	%	$	65,374	54	%
Commercial Banking	54,941		44		54,994		45		54,743		45		54,451		45		55,672		46



Treasury / Other	153		—		261		—		131		—		200		—		179		—
Total loans and leases	$	124,422	100	%	$	122,767	100	%	$	121,982	100	%	$	120,853	100	%	$	121,225	100	%

Average balances by business segment:
Consumer & Regional Banking	$	68,405	56	%	$	67,136	55	%	$	66,638	55	%	$	65,738	55	%	$	64,782	54	%
Commercial Banking	54,748		44		54,584		45		54,395		45		54,873		45		56,375		46



Treasury / Other	223		—		210		—		196		—		173		—		188		—
Total loans and leases	$	123,376	100	%	$	121,930	100	%	$	121,229	100	%	$	120,784	100	%	$	121,345	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	June 30,				March 31,				December 31,				September 30,				June 30,
(dollar amounts in millions)	2024				2024				2023				2023				2023
Ending balances:
Total deposits by type:
Demand deposits - noninterest-bearing	$	28,636	19	%	$	29,739	19	%	$	30,967	20	%	$	31,666	21	%	$	33,340	23	%
Demand deposits - interest-bearing	39,913		26		39,200		26		39,190		26		39,822		27		40,387		28
Money market deposits	49,182		32		47,520		31		44,947		30		42,996		29		40,534		27
Savings and other domestic deposits	16,175		10		16,728		11		16,722		11		17,350		12		18,294		12
Core certificates of deposit (1)	13,605		9		14,082		9		13,626		9		12,372		8		10,314		7
Total core deposits	147,511		96		147,269		96		145,452		96		144,206		97		142,869		97
Other domestic deposits of $250,000 or more	444		—		487		—		447		—		446		—		381		—
Negotiable CDS, brokered and other deposits	6,412		4		5,469		4		5,331		4		4,215		3		4,778		3

Total deposits	$	154,367	100	%	$	153,225	100	%	$	151,230	100	%	$	148,867	100	%	$	148,028	100	%

Total core deposits:
Commercial	$	61,359	42	%	$	60,184	41	%	$	60,547	42	%	$	61,379	43	%	$	61,450	43	%
Consumer	86,152		58		87,085		59		84,905		58		82,827		57		81,419		57
Total core deposits	$	147,511	100	%	$	147,269	100	%	$	145,452	100	%	$	144,206	100	%	$	142,869	100	%

Total deposits by business segment:

Consumer & Regional Banking	$	110,913	72	%	$	112,032	73	%	$	110,157	73	%	$	108,183	73	%	$	106,502	72	%
Commercial Banking	38,110		25		35,619		23		35,466		23		36,023		24		36,459		25


Treasury / Other	5,344		3		5,574		4		5,607		4		4,661		3		5,067		3
Total deposits	$	154,367	100	%	$	153,225	100	%	$	151,230	100	%	$	148,867	100	%	$	148,028	100	%

Average balances:


Total core deposits:
Commercial	$	61,491	42	%	$	60,260	42	%	$	61,782	43	%	$	62,070	43	%	$	61,304	44	%
Consumer	85,902		58		84,700		58		82,602		57		81,040		57		79,432		56
Total core deposits	$	147,393	100	%	$	144,960	100	%	$	144,384	100	%	$	143,110	100	%	$	140,736	100	%

Average deposits by business segment:

Consumer & Regional Banking	$	110,819	72	%	$	109,263	73	%	$	108,198	72	%	$	106,300	72	%	$	104,593	71	%
Commercial Banking	36,765		24		35,656		23		35,886		24		36,673		25		35,752		25


Treasury / Other	5,994		4		5,809		4		5,570		4		5,177		3		5,214		4
Total deposits	$	153,578	100	%	$	150,728	100	%	$	149,654	100	%	$	148,150	100	%	$	145,559	100	%

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

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)	2024		2024		2023		2023		2023		1Q24		2Q23
Assets


Interest-earning deposits with banks	$	11,116	$	9,761	$	10,019	$	9,547	$	11,281	14	%	(1)	%
Securities:
Trading account securities	143		133		125		128		34		8		NM
Available-for-sale securities:
Taxable	24,184		22,515		20,056		19,834		20,920		7		16
Tax-exempt	2,684		2,676		2,686		2,807		2,745		—		(2)
Total available-for-sale securities	26,868		25,191		22,742		22,641		23,665		7		14


Held-to-maturity securities - taxable	15,211		15,567		15,947		16,356		16,762		(2)		(9)





Other securities	776		724		727		859		1,263		7		(39)
Total securities	42,998		41,615		39,541		39,984		41,724		3		3
Loans held for sale	572		458		571		633		559		25		2
Loans and leases: (2)
Commercial:
Commercial and industrial	51,724		50,625		49,882		49,448		50,194		2		3
Commercial real estate:
Commercial	11,247		11,365		11,309		11,624		12,062		(1)		(7)
Construction	916		1,198		1,285		1,331		1,280		(24)		(28)
Commercial real estate	12,163		12,563		12,594		12,955		13,342		(3)		(9)
Lease financing	5,071		5,081		5,102		5,050		5,155		—		(2)
Total commercial	68,958		68,269		67,578		67,453		68,691		1		—
Consumer:
Residential mortgage	23,909		23,710		23,573		23,278		22,765		1		5
Automobile	12,989		12,553		12,612		12,747		12,927		3		—
Home equity	10,056		10,072		10,107		10,108		10,154		—		(1)
RV and marine	5,966		5,892		5,934		5,813		5,478		1		9
Other consumer	1,498		1,434		1,425		1,385		1,330		4		13
Total consumer	54,418		53,661		53,651		53,331		52,654		1		3
Total loans and leases	123,376		121,930		121,229		120,784		121,345		1		2
Total earning assets	178,062		173,764		171,360		170,948		174,909		2		2
Cash and due from banks	1,340		1,493		1,508		1,559		1,639		(10)		(18)
Goodwill and other intangible assets	5,685		5,697		5,710		5,722		5,734		—		(1)
All other assets	11,773		11,619		11,607		10,576		10,638		1		11
Allowance for loan and lease losses	(2,302)		(2,267)		(2,223)		(2,206)		(2,174)		(2)		(6)
Total assets	$	194,558	$	190,306	$	187,962	$	186,599	$	190,746	2	%	2	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	39,082	$	38,488	$	39,138	$	39,757	$	39,772	2	%	(2)	%
Money market deposits	48,263		46,100		44,022		41,445		38,753		5		25
Savings and other domestic deposits	16,387		16,595		16,944		17,774		18,826		(1)		(13)
Core certificates of deposit (3)	14,031		13,867		13,107		11,348		8,820		1		59

Other domestic deposits of $250,000 or more	449		461		435		406		320		(3)		40
Negotiable CDS, brokered and other deposits	5,736		5,307		4,834		4,634		4,502		8		27

Total interest-bearing deposits	123,948		120,818		118,480		115,364		110,993		3		12
Short-term borrowings	1,214		1,300		1,906		859		5,242		(7)		(77)
Long-term debt	15,146		13,777		12,205		13,772		16,252		10		(7)
Total interest-bearing liabilities	140,308		135,895		132,591		129,995		132,487		3		6
Demand deposits - noninterest-bearing	29,630		29,910		31,174		32,786		34,566		(1)		(14)
All other liabilities	5,314		5,239		5,435		5,028		4,796		1		11
Total liabilities	175,252		171,044		169,200		167,809		171,849		2		2
Total Huntington shareholders’ equity	19,254		19,213		18,713		18,741		18,844		—		2
Non-controlling interest	52		49		49		49		53		6		(2)
Total equity	19,306		19,262		18,762		18,790		18,897		—		2
Total liabilities and equity	$	194,558	$	190,306	$	187,962	$	186,599	$	190,746	2	%	2	%

(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
	June 30,		March 31,		December 31,		September 30,		June 30,
(dollar amounts in millions)	2024		2024		2023		2023		2023
Assets


Interest-earning deposits with banks	$	154	$	134	$	139	$	131	$	146
Securities:
Trading account securities	2		2		2		1		1
Available-for-sale securities:
Taxable	322		296		273		259		252
Tax-exempt	34		34		33		37		33
Total available-for-sale securities	356		330		306		296		285
Held-to-maturity securities - taxable	93		95		98		99		102



Other securities	10		9		13		19		11
Total securities	461		436		419		415		399
Loans held for sale	10		7		10		10		8
Loans and leases:
Commercial:
Commercial and industrial	829		801		783		776		746
Commercial real estate:
Commercial	214		215		216		225		217
Construction	19		25		27		28		26
Commercial real estate	233		240		243		253		243
Lease financing	82		79		77		73		71
Total commercial	1,144		1,120		1,103		1,102		1,060
Consumer:
Residential mortgage	232		227		222		213		200
Automobile	172		158		153		145		134
Home equity	196		195		197		195		187
RV and marine	76		74		77		73		63
Other consumer	44		42		41		40		39
Total consumer	720		696		690		666		623
Total loans and leases	1,864		1,816		1,793		1,768		1,683
Total earning assets	$	2,489	$	2,393	$	2,361	$	2,324	$	2,236

Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	206	$	200	$	204	$	199	$	167
Money market deposits	442		413		381		327		255
Savings and other domestic deposits	12		10		8		6		6
Core certificates of deposit (3)	166		160		145		119		83

Other domestic deposits of $250,000 or more	5		5		5		4		2
Negotiable CDS, brokered and other deposits	76		69		65		58		57

Total interest-bearing deposits	907		857		808		713		570
Short-term borrowings	19		19		28		17		74
Long-term debt	238		217		198		215		235
Total interest-bearing liabilities	1,164		1,093		1,034		945		879
Net interest income	$	1,325	$	1,300	$	1,327	$	1,379	$	1,357

(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
	June 30,		March 31,		December 31,		September 30,		June 30,
Fully-taxable equivalent basis (1)	2024		2024		2023		2023		2023
Assets


Interest-earning deposits with banks	5.55		5.50		5.59		5.48		5.17
Securities:
Trading account securities	5.10		5.15		5.40		4.98		4.92
Available-for-sale securities:
Taxable	5.33		5.26		5.43		5.22		4.82
Tax-exempt	5.07		5.05		5.01		5.08		4.87
Total available-for-sale securities	5.30		5.24		5.38		5.20		4.83
Held-to-maturity securities - taxable	2.44		2.44		2.45		2.43		2.42



Other securities	5.21		5.23		7.04		9.22		3.47
Total securities	4.29		4.19		4.23		4.15		3.82
Loans held for sale	6.81		6.51		6.95		6.42		6.05
Loans and leases: (2)
Commercial:
Commercial and industrial	6.33		6.26		6.14		6.15		5.87
Commercial real estate:
Commercial	7.53		7.49		7.48		7.55		7.14
Construction	8.41		8.23		8.40		8.30		7.96
Commercial real estate	7.60		7.56		7.57		7.63		7.22
Lease financing	6.41		6.13		5.90		5.60		5.45
Total commercial	6.56		6.49		6.39		6.39		6.10
Consumer:
Residential mortgage	3.89		3.83		3.76		3.66		3.51
Automobile	5.34		5.05		4.82		4.51		4.17
Home equity	7.86		7.77		7.70		7.66		7.42
RV and marine	5.11		5.04		5.13		4.96		4.59
Other consumer	11.75		11.91		11.67		11.67		11.59
Total consumer	5.32		5.20		5.12		4.97		4.74
Total loans and leases	6.01		5.92		5.82		5.76		5.51
Total earning assets	5.62		5.54		5.47		5.39		5.13
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	2.11		2.09		2.06		1.98		1.68
Money market deposits	3.68		3.61		3.44		3.12		2.64
Savings and other domestic deposits	0.30		0.24		0.19		0.15		0.11
Core certificates of deposit (3)	4.77		4.64		4.40		4.17		3.78

Other domestic deposits of $250,000 or more	4.44		4.18		4.20		3.78		3.27
Negotiable CDS, brokered and other deposits	5.35		5.19		5.33		4.93		5.07

Total interest-bearing deposits	2.94		2.85		2.71		2.45		2.06
Short-term borrowings	6.31		5.95		5.84		7.60		5.70
Long-term debt	6.28		6.30		6.46		6.27		5.79
Total interest-bearing liabilities	3.34		3.23		3.09		2.88		2.66

Net interest rate spread	2.28		2.31		2.38		2.51		2.47
Impact of noninterest-bearing funds on margin	0.71		0.70		0.69		0.69		0.64
Net interest margin	2.99	%	3.01	%	3.07	%	3.20	%	3.11	%


Commercial Loan Derivative Impact
(Unaudited)	Quarterly Average Rates
	June 30,		March 31,		December 31,		September 30,		June 30,
Fully-taxable equivalent basis (1)	2024		2024		2023		2023		2023
Commercial loans (2)(4)	7.29	%	7.22	%	7.14	%	7.09	%	6.82	%
Impact of commercial loan derivatives	(0.73)		(0.73)		(0.75)		(0.70)		(0.72)
Total commercial - as reported	6.56	%	6.49	%	6.39	%	6.39	%	6.10	%
Average 1 Month LIBOR									5.09	%
Average SOFR	5.32	%	5.32	%	5.32	%	5.23	%	4.97	%

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

(2)Includes nonaccrual loans and leases.

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

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

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,
	2024		2024		2023		2023		2023
Interest income	$	2,476	$	2,380	$	2,350	$	2,313	$	2,225
Interest expense	1,164		1,093		1,034		945		879
Net interest income	1,312		1,287		1,316		1,368		1,346
Provision for credit losses	100		107		126		99		92
Net interest income after provision for credit losses	1,212		1,180		1,190		1,269		1,254
Payments and cash management revenue	154		146		150		152		146
Wealth and asset management revenue	90		88		86		79		83
Customer deposit and loan fees	83		77		80		80		76
Capital markets and advisory fees	73		56		69		52		62
Leasing revenue	19		22		29		32		25
Mortgage banking income	30		31		23		27		33
Insurance income	18		19		19		18		18
Bank owned life insurance income	17		16		16		18		16
Gain on sale of loans	2		5		1		2		8
Net gains (losses) on sales of securities	—		—		(3)		—		(5)
Other noninterest income	5		7		(65)		49		33
Total noninterest income	491		467		405		509		495
Personnel costs	663		639		645		622		613
Outside data processing and other services	165		166		157		149		148
Deposit and other insurance expense	25		54		234		25		23
Equipment	62		70		70		65		64
Net occupancy	51		57		65		67		54
Marketing	27		28		29		29		32
Professional services	26		25		35		27		21
Amortization of intangibles	12		12		12		12		13
Lease financing equipment depreciation	4		4		5		6		8
Other noninterest expense	82		82		96		88		74
Total noninterest expense	1,117		1,137		1,348		1,090		1,050
Income before income taxes	586		510		247		688		699
Provision (benefit) for income taxes	106		86		(1)		136		134
Income after income taxes	480		424		248		552