Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

September 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)	September 30,			June 30,			September 30,			Percent Changes vs.
	2024			2024			2023			2Q24		3Q23
Net interest income (1)	$	1,364		$	1,325		$	1,379		3	%	(1)	%
FTE adjustment	(13)			(13)			(11)			—		(18)
Net interest income	1,351			1,312			1,368			3		(1)
Provision for credit losses	106			100			99			6		7
Noninterest income	523			491			509			7		3
Noninterest expense	1,130			1,117			1,090			1		4
Income before income taxes	638			586			688			9		(7)
Provision for income taxes	116			106			136			9		(15)
Income after income taxes	522			480			552			9		(5)
Income attributable to non-controlling interest	5			6			5			(17)		—
Net income attributable to Huntington	517			474			547			9		(5)
Dividends on preferred shares	36			35			37			3		(3)

Net income applicable to common shares	$	481		$	439		$	510		10	%	(6)

Net income per common share - diluted	$	0.33		$	0.30		$	0.35		10	%	(6)	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	8.65			7.89			7.12			10		21

Average common shares - basic	1,453			1,451			1,448			—		—
Average common shares - diluted	1,477			1,474			1,468			—		1
Ending common shares outstanding	1,453			1,452			1,448			—		—
Return on average assets	1.04		%	0.98		%	1.16		%
Return on average common shareholders’ equity	10.8			10.4			12.4
Return on average tangible common shareholders’ equity (2)	16.2			16.1			19.5
Net interest margin (1)	2.98			2.99			3.20
Efficiency ratio (3)	59.4			60.8			57.0
Effective tax rate	18.2			18.2			19.7
Average total assets	$	198,278		$	194,558		$	186,599		2		6
Average earning assets	181,891			178,062			170,948			2		6
Average loans and leases	124,507			123,376			120,784			1		3

Average total deposits	$	156,488		$	153,578		$	148,150		2		6
Average core deposits (4)	149,734			147,393			143,110			2		5

Average Huntington shareholders’ equity	20,113			19,254			18,741			4		7
Average common total shareholders' equity	17,719			16,861			16,256			5		9
Average tangible common shareholders' equity	12,069			11,201			10,568			8		14
Total assets at end of period	200,535			196,310			186,650			2		7
Total Huntington shareholders’ equity at end of period	20,606			19,515			18,483			6		11

NCOs as a % of average loans and leases	0.30		%	0.29		%	0.24		%
NAL ratio	0.58			0.59			0.49
NPA ratio (5)	0.62			0.63			0.52
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.77			1.85			1.83
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.93			1.95			1.96
Common equity tier 1 risk-based capital ratio (6)	10.4			10.4			10.1
Tangible common equity / tangible asset ratio (7)	6.4			6.0			5.7

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

Huntington Bancshares Incorporated

Year to Date Key Statistics

(Unaudited)


	Nine Months Ended September 30,						Change
(dollar amounts in millions, except per share data)	2024			2023			Amount		Percent
Net interest income (1)	$	3,989		$	4,154		$	(165)	(4)	%
FTE adjustment	(39)			(31)			(8)		(26)
Net interest income	3,950			4,123			(173)		(4)
Provision for credit losses	313			276			37		13
Noninterest income	1,481			1,516			(35)		(2)
Noninterest expense	3,384			3,226			158		5
Income before income taxes	1,734			2,137			(403)		(19)
Provision for income taxes	308			414			(106)		(26)
Income after income taxes	1,426			1,723			(297)		(17)
Income attributable to non-controlling interest	16			15			1		7
Net income attributable to Huntington	1,410			1,708			(298)		(17)
Dividends on preferred shares	107			106			1		1

Net income applicable to common shares	$	1,303		$	1,602		$	(299)	(19)	%

Net income per common share - diluted	$	0.88		$	1.09		$	(0.21)	(19)	%
Cash dividends declared per common share	0.465			0.465			—		—

Average common shares - basic	1,451			1,446			5		—
Average common shares - diluted	1,475			1,468			7		—

Return on average assets	0.97		%	1.22		%
Return on average common shareholders’ equity	10.2			13.2
Return on average tangible common shareholders’ equity (2)	15.5			20.8
Net interest margin (1)	3.00			3.24
Efficiency ratio (3)	61.2			56.2
Effective tax rate	17.8			19.4

Average total assets	$	194,395		$	187,419		$	6,976	4	%
Average earning assets	177,920			171,663			6,257		4
Average loans and leases	123,276			120,851			2,425		2
Average total deposits	153,609			146,625			6,984		5
Average core deposits (4)	147,371			141,649			5,722		4
Average Huntington shareholders’ equity	19,529			18,607			922		5
Average common total shareholders' equity	17,135			16,197			938		6
Average tangible common shareholders' equity	11,476			10,496			980		9

NCOs as a % of average loans and leases	0.30		%	0.20		%
NAL ratio	0.58			0.49
NPA ratio (5)	0.62			0.52

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)September 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


	September 30,		December 31,
(dollar amounts in millions)	2024		2023		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,677	$	1,558	8	%


Interest-earning deposits with banks	11,163		8,765		27
Trading account securities	472		125		NM
Available-for-sale securities	28,492		25,305		13
Held-to-maturity securities	15,670		15,750		(1)


Other securities	826		725		14
Loans held for sale	655		516		27
Loans and leases (1)	126,387		121,982		4
Allowance for loan and lease losses	(2,235)		(2,255)		1
Net loans and leases	124,152		119,727		4
Bank owned life insurance	2,782		2,759		1
Accrued income and other receivables	1,633		1,646		(1)
Premises and equipment	1,093		1,109		(1)
Goodwill	5,561		5,561		—
Servicing rights and other intangible assets	633		672		(6)
Other assets	5,726		5,150		11
Total assets	$	200,535	$	189,368	6	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	158,351	$	151,230	5	%
Short-term borrowings	868		620		40
Long-term debt	15,656		12,394		26
Other liabilities	5,008		5,726		(13)
Total liabilities	179,883		169,970		6

Shareholders' equity
Preferred stock	2,394		2,394		—
Common stock	15		15		—
Capital surplus	15,455		15,389		—
Less treasury shares, at cost	(89)		(91)		2
Accumulated other comprehensive income (loss)	(2,104)		(2,676)		21
Retained earnings	4,935		4,322		14
Total Huntington shareholders’ equity	20,606		19,353		6
Non-controlling interest	46		45		2
Total equity	20,652		19,398		6
Total liabilities and equity	$	200,535	$	189,368	6	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,452,811,392		1,448,319,953
Treasury shares outstanding	7,174,374		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)


	September 30,				June 30,				March 31,				December 31,				September 30,
(dollar amounts in millions)	2024				2024				2024				2023				2023
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	53,601	43	%	$	52,307	42	%	$	51,500	42	%	$	50,657	42	%	$	49,422	41	%
Commercial real estate:
Commercial	10,647		8		10,997		9		11,339		9		11,092		9		11,365		10
Construction	896		1		936		1		1,003		1		1,330		1		1,303		1
Commercial real estate	11,543		9		11,933		10		12,342		10		12,422		10		12,668		11
Lease financing	5,342		4		5,202		4		5,133		4		5,228		4		5,161		4
Total commercial	70,486		56		69,442		56		68,975		56		68,307		56		67,251		56
Consumer:
Residential mortgage	24,100		19		24,069		19		23,744		20		23,720		20		23,427		19
Automobile	14,003		11		13,233		11		12,662		10		12,482		10		12,724		11
Home equity	10,129		8		10,076		8		10,047		8		10,113		8		10,118		8
RV and marine	6,042		5		6,042		5		5,887		5		5,899		5		5,937		5
Other consumer	1,627		1		1,560		1		1,452		1		1,461		1		1,396		1
Total consumer	55,901		44		54,980		44		53,792		44		53,675		44		53,602		44
Total loans and leases	$	126,387	100	%	$	124,422	100	%	$	122,767	100	%	$	121,982	100	%	$	120,853	100	%


	September 30,				June 30,				March 31,				December 31,				September 30,
(dollar amounts in millions)	2024				2024				2024				2023				2023
Ending balances by business segment:
Consumer & Regional Banking	$	70,742	56	%	$	69,328	56	%	$	67,512	55	%	$	67,108	55	%	$	66,202	55	%
Commercial Banking	55,441		44		54,941		44		54,994		45		54,743		45		54,451		45



Treasury / Other	204		—		153		—		261		—		131		—		200		—
Total loans and leases	$	126,387	100	%	$	124,422	100	%	$	122,767	100	%	$	121,982	100	%	$	120,853	100	%

Average balances by business segment:
Consumer & Regional Banking	$	69,759	56	%	$	68,405	56	%	$	67,136	55	%	$	66,638	55	%	$	65,738	55	%
Commercial Banking	54,464		44		54,748		44		54,584		45		54,395		45		54,873		45



Treasury / Other	284		—		223		—		210		—		196		—		173		—
Total loans and leases	$	124,507	100	%	$	123,376	100	%	$	121,930	100	%	$	121,229	100	%	$	120,784	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	September 30,				June 30,				March 31,				December 31,				September 30,
(dollar amounts in millions)	2024				2024				2024				2023				2023
Ending balances:
Total deposits by type:
Demand deposits - noninterest-bearing	$	29,047	18	%	$	28,636	19	%	$	29,739	19	%	$	30,967	20	%	$	31,666	21	%
Demand deposits - interest-bearing	41,262		26		39,913		26		39,200		26		39,190		26		39,822		27
Money market deposits	51,005		33		49,182		32		47,520		31		44,947		30		42,996		29
Savings and other domestic deposits	15,650		10		16,175		10		16,728		11		16,722		11		17,350		12
Core certificates of deposit (1)	14,326		9		13,605		9		14,082		9		13,626		9		12,372		8
Total core deposits	151,290		96		147,511		96		147,269		96		145,452		96		144,206		97
Other domestic deposits of $250,000 or more	500		—		444		—		487		—		447		—		446		—
Negotiable CDS, brokered and other deposits	6,561		4		6,412		4		5,469		4		5,331		4		4,215		3

Total deposits	$	158,351	100	%	$	154,367	100	%	$	153,225	100	%	$	151,230	100	%	$	148,867	100	%

Total core deposits:
Commercial	$	66,421	44	%	$	61,359	42	%	$	60,184	41	%	$	60,547	42	%	$	61,379	43	%
Consumer	84,869		56		86,152		58		87,085		59		84,905		58		82,827		57
Total core deposits	$	151,290	100	%	$	147,511	100	%	$	147,269	100	%	$	145,452	100	%	$	144,206	100	%

Total deposits by business segment:

Consumer & Regional Banking	$	110,107	70	%	$	110,913	72	%	$	112,032	73	%	$	110,157	73	%	$	108,183	73	%
Commercial Banking	41,597		26		38,110		25		35,619		23		35,466		23		36,023		24


Treasury / Other	6,647		4		5,344		3		5,574		4		5,607		4		4,661		3
Total deposits	$	158,351	100	%	$	154,367	100	%	$	153,225	100	%	$	151,230	100	%	$	148,867	100	%

Average balances:


Total core deposits:
Commercial	$	64,826	43	%	$	61,491	42	%	$	60,260	42	%	$	61,782	43	%	$	62,070	43	%
Consumer	84,908		57		85,902		58		84,700		58		82,602		57		81,040		57
Total core deposits	$	149,734	100	%	$	147,393	100	%	$	144,960	100	%	$	144,384	100	%	$	143,110	100	%

Average deposits by business segment:

Consumer & Regional Banking	$	109,884	70	%	$	110,819	72	%	$	109,263	73	%	$	108,198	72	%	$	106,300	72	%
Commercial Banking	40,153		26		36,765		24		35,656		23		35,886		24		36,673		25


Treasury / Other	6,451		4		5,994		4		5,809		4		5,570		4		5,177		3
Total deposits	$	156,488	100	%	$	153,578	100	%	$	150,728	100	%	$	149,654	100	%	$	148,150	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)
	September 30,		June 30,		March 31,		December 31,		September 30,		Percent Changes vs.
(dollar amounts in millions)	2024		2024		2024		2023		2023		2Q24		3Q23
Assets


Interest-earning deposits with banks	$	12,532	$	11,116	$	9,761	$	10,019	$	9,547	13	%	31	%
Securities:
Trading account securities	136		143		133		125		128		(5)		6	%
Available-for-sale securities:
Taxable	25,434		24,184		22,515		20,056		19,834		5		28
Tax-exempt	2,699		2,684		2,676		2,686		2,807		1		(4)
Total available-for-sale securities	28,133		26,868		25,191		22,742		22,641		5		24


Held-to-maturity securities - taxable	15,078		15,211		15,567		15,947		16,356		(1)		(8)





Other securities	829		776		724		727		859		7		(3)
Total securities	44,176		42,998		41,615		39,541		39,984		3		10
Loans held for sale	676		572		458		571		633		18		7
Loans and leases: (2)
Commercial:
Commercial and industrial	52,194		51,724		50,625		49,882		49,448		1		6
Commercial real estate:
Commercial	10,835		11,247		11,365		11,309		11,624		(4)		(7)
Construction	909		916		1,198		1,285		1,331		(1)		(32)
Commercial real estate	11,744		12,163		12,563		12,594		12,955		(3)		(9)
Lease financing	5,180		5,071		5,081		5,102		5,050		2		3
Total commercial	69,118		68,958		68,269		67,578		67,453		—		2
Consumer:
Residential mortgage	24,074		23,909		23,710		23,573		23,278		1		3
Automobile	13,584		12,989		12,553		12,612		12,747		5		7
Home equity	10,089		10,056		10,072		10,107		10,108		—		—
RV and marine	6,046		5,966		5,892		5,934		5,813		1		4
Other consumer	1,596		1,498		1,434		1,425		1,385		7		15
Total consumer	55,389		54,418		53,661		53,651		53,331		2		4
Total loans and leases	124,507		123,376		121,930		121,229		120,784		1		3
Total earning assets	181,891		178,062		173,764		171,360		170,948		2		6
Cash and due from banks	1,407		1,340		1,493		1,508		1,559		5		(10)
Goodwill and other intangible assets	5,674		5,685		5,697		5,710		5,722		—		(1)
All other assets	11,620		11,773		11,619		11,607		10,576		(1)		10
Allowance for loan and lease losses	(2,314)		(2,302)		(2,267)		(2,223)		(2,206)		(1)		(5)
Total assets	$	198,278	$	194,558	$	190,306	$	187,962	$	186,599	2	%	6	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	40,918	$	39,082	$	38,488	$	39,138	$	39,757	5	%	3	%
Money market deposits	50,334		48,263		46,100		44,022		41,445		4		21
Savings and other domestic deposits	15,863		16,387		16,595		16,944		17,774		(3)		(11)
Core certificates of deposit (3)	13,819		14,031		13,867		13,107		11,348		(2)		22

Other domestic deposits of $250,000 or more	455		449		461		435		406		1		12
Negotiable CDS, brokered and other deposits	6,299		5,736		5,307		4,834		4,634		10		36

Total interest-bearing deposits	127,688		123,948		120,818		118,480		115,364		3		11
Short-term borrowings	826		1,214		1,300		1,906		859		(32)		(4)
Long-term debt	15,878		15,146		13,777		12,205		13,772		5		15
Total interest-bearing liabilities	144,392		140,308		135,895		132,591		129,995		3		11
Demand deposits - noninterest-bearing	28,800		29,630		29,910		31,174		32,786		(3)		(12)
All other liabilities	4,925		5,314		5,239		5,435		5,028		(7)		(2)
Total liabilities	178,117		175,252		171,044		169,200		167,809		2		6
Total Huntington shareholders’ equity	20,113		19,254		19,213		18,713		18,741		4		7
Non-controlling interest	48		52		49		49		49		(8)		(2)
Total equity	20,161		19,306		19,262		18,762		18,790		4		7
Total liabilities and equity	$	198,278	$	194,558	$	190,306	$	187,962	$	186,599	2	%	6	%

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


Interest-earning deposits with banks	$	174	$	154	$	134	$	139	$	131
Securities:
Trading account securities	1		2		2		2		1
Available-for-sale securities:
Taxable	331		322		296		273		259
Tax-exempt	35		34		34		33		37
Total available-for-sale securities	366		356		330		306		296
Held-to-maturity securities - taxable	93		93		95		98		99



Other securities	11		10		9		13		19
Total securities	471		461		436		419		415
Loans held for sale	12		10		7		10		10
Loans and leases:
Commercial:
Commercial and industrial	840		829		801		783		776
Commercial real estate:
Commercial	207		214		215		216		225
Construction	20		19		25		27		28
Commercial real estate	227		233		240		243		253
Lease financing	86		82		79		77		73
Total commercial	1,153		1,144		1,120		1,103		1,102
Consumer:
Residential mortgage	241		232		227		222		213
Automobile	191		172		158		153		145
Home equity	199		196		195		197		195
RV and marine	79		76		74		77		73
Other consumer	48		44		42		41		40
Total consumer	758		720		696		690		666
Total loans and leases	1,911		1,864		1,816		1,793		1,768
Total earning assets	$	2,568	$	2,489	$	2,393	$	2,361	$	2,324

Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	228	$	206	$	200	$	204	$	199
Money market deposits	451		442		413		381		327
Savings and other domestic deposits	13		12		10		8		6
Core certificates of deposit (3)	165		166		160		145		119

Other domestic deposits of $250,000 or more	5		5		5		5		4
Negotiable CDS, brokered and other deposits	83		76		69		65		58

Total interest-bearing deposits	945		907		857		808		713
Short-term borrowings	14		19		19		28		17
Long-term debt	245		238		217		198		215
Total interest-bearing liabilities	1,204		1,164		1,093		1,034		945
Net interest income	$	1,364	$	1,325	$	1,300	$	1,327	$	1,379

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


Interest-earning deposits with banks	5.55		5.55		5.50		5.59		5.48
Securities:
Trading account securities	3.28		5.10		5.15		5.40		4.98
Available-for-sale securities:
Taxable	5.21		5.33		5.26		5.43		5.22
Tax-exempt	5.23		5.07		5.05		5.01		5.08
Total available-for-sale securities	5.21		5.30		5.24		5.38		5.20
Held-to-maturity securities - taxable	2.47		2.44		2.44		2.45		2.43



Other securities	4.86		5.21		5.23		7.04		9.22
Total securities	4.26		4.29		4.19		4.23		4.15
Loans held for sale	6.92		6.81		6.51		6.95		6.42
Loans and leases: (2)
Commercial:
Commercial and industrial	6.31		6.33		6.26		6.14		6.15
Commercial real estate:
Commercial	7.47		7.53		7.49		7.48		7.55
Construction	8.52		8.41		8.23		8.40		8.30
Commercial real estate	7.55		7.60		7.56		7.57		7.63
Lease financing	6.51		6.41		6.13		5.90		5.60
Total commercial	6.53		6.56		6.49		6.39		6.39
Consumer:
Residential mortgage	4.00		3.89		3.83		3.76		3.66
Automobile	5.59		5.34		5.05		4.82		4.51
Home equity	7.86		7.86		7.77		7.70		7.66
RV and marine	5.24		5.11		5.04		5.13		4.96
Other consumer	11.69		11.75		11.91		11.67		11.67
Total consumer	5.45		5.32		5.20		5.12		4.97
Total loans and leases	6.05		6.01		5.92		5.82		5.76
Total earning assets	5.62		5.62		5.54		5.47		5.39
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	2.22		2.11		2.09		2.06		1.98
Money market deposits	3.56		3.68		3.61		3.44		3.12
Savings and other domestic deposits	0.33		0.30		0.24		0.19		0.15
Core certificates of deposit (3)	4.74		4.77		4.64		4.40		4.17

Other domestic deposits of $250,000 or more	4.37		4.44		4.18		4.20		3.78
Negotiable CDS, brokered and other deposits	5.27		5.35		5.19		5.33		4.93

Total interest-bearing deposits	2.94		2.94		2.85		2.71		2.45
Short-term borrowings	6.52		6.31		5.95		5.84		7.60
Long-term debt	6.19		6.28		6.30		6.46		6.27
Total interest-bearing liabilities	3.32		3.34		3.23		3.09		2.88

Net interest rate spread	2.30		2.28		2.31		2.38		2.51
Impact of noninterest-bearing funds on margin	0.68		0.71		0.70		0.69		0.69
Net interest margin	2.98	%	2.99	%	3.01	%	3.07	%	3.20	%


Commercial Loan Derivative Impact
(Unaudited)	Quarterly Average Rates
	September 30,		June 30,		March 31,		December 31,		September 30,
Fully-taxable equivalent basis (1)	2024		2024		2024		2023		2023
Commercial loans (2)(4)	7.21	%	7.29	%	7.22	%	7.14	%	7.09	%
Impact of commercial loan derivatives	(0.68)		(0.73)		(0.73)		(0.75)		(0.70)
Total commercial - as reported	6.53	%	6.56	%	6.49	%	6.39	%	6.39	%

Average SOFR	5.28	%	5.32	%	5.32	%	5.32	%	5.23	%

(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)	September 30,		June 30,		March 31,		December 31,		September 30,
	2024		2024		2024		2023		2023
Interest income	$	2,555	$	2,476	$	2,380	$	2,350	$	2,313
Interest expense	1,204		1,164		1,093		1,034		945
Net interest income	1,351		1,312		1,287		1,316		1,368
Provision for credit losses	106		100		107		126		99
Net interest income after provision for credit losses	1,245		1,212		1,180		1,190		1,269
Payments and cash management revenue	158		154		146		150		152
Wealth and asset management revenue	93		90		88		86		79
Customer deposit and loan fees	86		83		77		80		80
Capital markets and advisory fees	78		73		56		69		52
Leasing revenue	19		19		22		29		32
Mortgage banking income	38		30		31		23		27
Insurance income	18		18		19		19		18
Bank owned life insurance income	20		17		16		16		18
Gain on sale of loans	7		2		5		1		2
Net gains (losses) on sales of securities	—		—		—		(3)		—
Other noninterest income	6		5		7		(65)		49
Total noninterest income	523		491		467		405		509
Personnel costs	684		663		639		645		622
Outside data processing and other services	167		165		166		157		149
Deposit and other insurance expense	15		25		54		234		25
Equipment	65		62		70		70		65
Net occupancy	57		51		57		65		67
Marketing	33		27		28		29		29
Professional services	21		26		25		35		27
Amortization of intangibles	11		12		12		12		12
Lease financing equipment depreciation	4		4		4		5		6
Other noninterest expense	73		82		82		96		88
Total noninterest expense	1,130		1,117		1,137		1,348		1,090
Income before income taxes	638		586		510		247		688
Provision (benefit) for income taxes	116		106		86		(1)		136
Income after income taxes	522		480		424		248		552
Income attributable to non-controlling interest	5		6		5		5		5
Net income attributable to Huntington	517		474		419		243		547
Dividends on preferred shares	36		35		36		36		37
Impact of preferred stock repurchases	—		—		—		(8)		—
Net income applicable to common shares	$	481	$	439	$	383	$	215	$	510

Average common shares - basic	1,453		1,451		1,448		1,448		1,448
Average common shares - diluted	1,477		1,474		1,473		1,469		1,468

Per common share
Net income - basic	$	0.33	$	0.30	$	0.26	$	0.15	$	0.35
Net income - diluted	0.33		0.30		0.26		0.15		0.35
Cash dividends declared	0.155		0.155		0.155		0.155		0.155

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	1,351	$	1,312	$	1,287	$	1,316	$	1,368
FTE adjustment	13		13		13		11		11
Net interest income (1)	1,364		1,325		1,300		1,327		1,379
Noninterest income	523		491		467		405		509
Total revenue (1)	$	1,887	$	1,816	$	1,767	$	1,732	$	1,888

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

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)


	Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			Percent Changes vs.
(dollar amounts in millions)	2024			2024			2024			2023			2023			2Q24		3Q23
Net origination and secondary marketing income	$	25		$	17		$	16		$	12		$	18		47	%	39	%
Net mortgage servicing income
Loan servicing income	25			25			25			24			24			—		4
Amortization of capitalized servicing	(14)			(14)			(11)			(13)			(13)			—		(8)
Operating income	11			11			14			11			11			—		—
MSR valuation adjustment (1)	(25)			11			20			(34)			38			(327)		(166)
(Losses) gains due to MSR hedging	27			(10)			(19)			34			(38)			370		171
Net MSR risk management	2			1			1			—			—			100		100
Total net mortgage servicing income	$	13		$	12		$	15		$	11		$	11		8	%	18	%
All other	—			1			—			—			(2)			(100)		100
Mortgage banking income	$	38		$	30		$	31		$	23		$	27		27	%	41	%

Mortgage origination volume	$	1,883		$	2,164		$	1,276		$	1,666		$	2,020		(13)	%	(7)	%
Mortgage origination volume for sale	1,194			1,191			834			962			1,195			—		—

Third party mortgage loans serviced (2)	33,565			33,404			33,303			33,237			32,965			—		2
Mortgage servicing rights (2)	515			543			534			515			547			(5)		(6)
MSR % of investor servicing portfolio (2)	1.53		%	1.63		%	1.60		%	1.55		%	1.66		%	(6)	%	(8)	%

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

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)


	Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Allowance for loan and lease losses, beginning of period	$	2,304		$	2,280		$	2,255		$	2,208		$	2,177

Loan and lease charge-offs	(129)			(145)			(128)			(132)			(131)
Recoveries of loans and leases previously charged-off	36			55			36			38			58
Net loan and lease charge-offs	(93)			(90)			(92)			(94)			(73)
Provision for loan and lease losses	24			114			117			141			104


Allowance for loan and lease losses, end of period	2,235			2,304			2,280			2,255			2,208
Allowance for unfunded lending commitments, beginning of period	119			135			145			160			165

Provision for unfunded lending commitments	82			(16)			(10)			(15)			(5)


Allowance for unfunded lending commitments, end of period	201			119			135			145			160
Total allowance for credit losses, end of period	$	2,436		$	2,423		$	2,415		$	2,400		$	2,368
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.77		%	1.85		%	1.86		%	1.85		%	1.83		%
Nonaccrual loans and leases (NALs)	303			314			318			338			373
Nonperforming assets (NPAs)	285			296			309			317			348
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.93		%	1.95		%	1.97		%	1.97		%	1.96		%
Nonaccrual loans and leases (NALs)	330			331			337			360			400
Nonperforming assets (NPAs)	311			311			327			337			373



	September 30,		June 30,		March 31,		December 31,		September 30,
(dollar amounts in millions)	2024		2024		2024		2023		2023
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	937	$	995	$	974	$	993	$	973
Commercial real estate	510		542		564		522		483
Lease financing	51		50		51		48		48
Total commercial	1,498		1,587		1,589		1,563		1,504
Consumer
Residential mortgage	193		199		163		188		200
Automobile	138		127		146		142		143
Home equity	149		142		137		114		115
RV and marine	150		146		148		148		151
Other consumer	107		103		97		100		95
Total consumer	737		717		691		692		704
Total allowance for loan and lease losses	2,235		2,304		2,280		2,255		2,208
Allowance for unfunded lending commitments	201		119		135		145		160
Total allowance for credit losses	$	2,436	$	2,423	$	2,415	$	2,400	$	2,368

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	51		$	21		$	42		$	39		$	32



Commercial real estate	5			36			13			21			11
Lease financing	(2)			—			—			(3)			2
Total commercial	54			57			55			57			45
Consumer:
Residential mortgage	—			1			—			—			1
Automobile	8			6			9			9			4
Home equity	(1)			—			—			—			—
RV and marine	6			4			5			5			3
Other consumer	26			22			23			23			20
Total consumer	39			33			37			37			28
Total net charge-offs	$	93		$	90		$	92		$	94		$	73


	Three Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,
	2024			2024			2024			2023			2023
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.39		%	0.16		%	0.33		%	0.32		%	0.26		%



Commercial real estate	0.17			1.19			0.41			0.65			0.35
Lease financing	(0.18)			0.02			0.01			(0.24)			0.12
Total commercial	0.31			0.33			0.32			0.34			0.27
Consumer:
Residential mortgage	—			0.01			—			0.01			0.01
Automobile	0.24			0.20			0.27			0.27			0.14
Home equity	(0.02)			(0.01)			0.01			0.01			(0.01)
RV and marine	0.37			0.25			0.36			0.34			0.16
Other consumer	6.38			5.98			6.39			6.48			6.09
Total consumer	0.28			0.24			0.28			0.28			0.21
Net charge-offs as a % of average loans and leases	0.30		%	0.29		%	0.30		%	0.31		%	0.24		%

Huntington Bancshares Incorporated

Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs) (1)

(Unaudited)


	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	408		$	346		$	376		$	344		$	314
Commercial real estate	132			194			154			140			102
Lease financing	9			13			10			14			14
Residential mortgage	82			80			75			72			75
Automobile	5			4			4			4			4
Home equity	100			95			96			91			82
RV and marine	2			1			1			2			1

Total nonaccrual loans and leases	738			733			716			667			592



Other real estate, net	8			10			10			10			14
Other NPAs (1)	38			37			12			34			28
Total nonperforming assets	$	784		$	780		$	738		$	711		$	634

Nonaccrual loans and leases as a % of total loans and leases	0.58		%	0.59		%	0.58		%	0.55		%	0.49		%
NPA ratio (2)	0.62			0.63			0.60			0.58			0.52
(NPA+90days)/(Loan+OREO) (3)	0.80			0.77			0.75			0.74			0.66


	Three Months Ended
	September 30,		June 30,		March 31,		December 31,		September 30,
(dollar amounts in millions)	2024		2024		2024		2023		2023
Nonperforming assets, beginning of period	$	780	$	738	$	711	$	634	$	557
New nonperforming assets	254		316		263		300		252


Returns to accruing status	(55)		(55)		(68)		(47)		(23)
Charge-offs	(53)		(82)		(64)		(73)		(62)
Payments	(139)		(135)		(102)		(98)		(85)
Sales	(3)		(2)		(2)		(5)		(5)

Nonperforming assets, end of period	$	784	$	780	$	738	$	711	$	634

(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.

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

(Unaudited)


	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	6		$	1		$	1		$	1		$	—

Lease financing	16			4			3			4			7
Residential mortgage (excluding loans guaranteed by the U.S. Government)	28			22			26			27			22
Automobile	10			8			8			9			8
Home equity	20			18			17			22			19
RV and marine	3			3			2			3			2
Other consumer	5			3			4			4			3
Total, excl. loans guaranteed by the U.S. Government	88			59			61			70			61
Add: loans guaranteed by U.S. Government	136			116			122			119			102
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	224		$	175		$	183		$	189		$	163

Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.07		%	0.05		%	0.05		%	0.06		%	0.05		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.11			0.09			0.10			0.10			0.08
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.18			0.14			0.15			0.15			0.14

Huntington Bancshares Incorporated

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

(Unaudited)


	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	20,606		$	19,515		$	19,322		$	19,353		$	18,483
Regulatory capital adjustments:
CECL transitional amount (2)	109			109			109			219			219
Shareholders’ preferred equity and related surplus	(2,404)			(2,404)			(2,404)			(2,404)			(2,494)
Accumulated other comprehensive loss	2,104			2,911			2,879			2,676			3,622
Goodwill and other intangibles, net of taxes	(5,546)			(5,561)			(5,575)			(5,591)			(5,605)
Deferred tax assets from tax loss and credit carryforwards	(66)			(49)			(48)			(41)			(14)
Common equity tier 1 capital	14,803			14,521			14,283			14,212			14,211
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	2,404			2,404			2,404			2,404			2,494


Tier 1 capital	17,207			16,925			16,687			16,616			16,705
Long-term debt and other tier 2 qualifying instruments	1,119			1,278			1,279			1,306			1,383
Qualifying allowance for loan and lease losses	1,784			1,743			1,747			1,735			1,758
Tier 2 capital	2,903			3,021			3,026			3,041			3,141
Total risk-based capital	$	20,110		$	19,946		$	19,713		$	19,657		$	19,846
Risk-weighted assets (RWA)(1)	$	142,543		$	139,374		$	139,622		$	138,706		$	140,688
Common equity tier 1 risk-based capital ratio (1)	10.4		%	10.4		%	10.2		%	10.2		%	10.1		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	8.8			8.8			8.9			9.3			9.4
Tier 1 risk-based capital ratio (1)	12.1			12.1			12.0			12.0			11.9
Total risk-based capital ratio (1)	14.1			14.3			14.1			14.2			14.1
Non-regulatory capital data:
Tangible common equity / RWA ratio (1)	8.8			8.2			8.1			8.1			7.3




Reconciliation of Non-GAAP Measure (3)
Common equity tier 1 (CET1) capital (A)	$	14,803		$	14,521		$	14,283		$	14,212		$	14,211
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,104)			(2,911)			(2,879)			(2,676)			(3,622)
Less: AOCI cash flow hedge	(39)			(399)			(436)			(363)			(662)
Adjusted common equity tier 1 (B)	12,738			12,009			11,840			11,899			11,251
Risk weighted assets (C)	142,543			139,374			139,622			138,706			140,688

CET1 ratio (A/C)	10.4		%	10.4		%	10.2		%	10.2		%	10.1		%
Adjusted CET1 ratio (B/C)	8.9			8.6			8.5			8.6			8.0

(1)September 30, 2024 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 September 30, 2024, June 30, 2024, and March 31, 2024, 75% of the cumulative CECL deferral has been phased in. As of December 31, 2023 and September 30, 2023, 50% of the cumulative CECL deferral has been phased in.

(3)Huntington believes certain non-GAAP financial measures to be helpful in understanding Huntington’s results of operations. The following provides the comparable regulatory financial measure, as well as the reconciliation to the comparable regulatory financial measure.

Huntington Bancshares Incorporated

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

(Unaudited)

Quarterly common stock summary


	September 30,		June 30,		March 31,		December 31,		September 30,
	2024		2024		2024		2023		2023






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,453		1,451		1,448		1,448		1,448
Average - diluted	1,477		1,474		1,473		1,469		1,468
Ending	1,453		1,452		1,449		1,448		1,448
Tangible book value per common share (1)	$	8.65	$	7.89	$	7.77	$	7.79	$	7.12

Non-regulatory capital


	September 30,			June 30,			March 31,			December 31,			September 30,
(dollar amounts in millions)	2024			2024			2024			2023			2023
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	20,606		$	19,515		$	19,322		$	19,353		$	18,483
Goodwill and other intangible assets	(5,669)			(5,680)			(5,692)			(5,704)			(5,716)

Deferred tax liability on other intangible assets (1)	23			25			28			30			33
Total tangible equity	14,960			13,860			13,658			13,679			12,800
Preferred equity	(2,394)			(2,394)			(2,394)			(2,394)			(2,484)
Total tangible common equity	$	12,566		$	11,466		$	11,264		$	11,285		$	10,316
Total assets	$	200,535		$	196,310		$	193,519		$	189,368		$	186,650
Goodwill and other intangible assets	(5,669)			(5,680)			(5,692)			(5,704)			(5,716)
Deferred tax liability on other intangible assets (1)	23			25			28			30			33
Total tangible assets	$	194,889		$	190,655		$	187,855		$	183,694		$	180,967
Tangible equity / tangible asset ratio	7.7		%	7.3		%	7.3		%	7.4		%	7.1		%
Tangible common equity / tangible asset ratio	6.4		%	6.0		%	6.0		%	6.1		%	5.7		%
Other data:
Number of employees (Average full-time equivalent)	20,043			19,889			19,719			19,612			19,826
Number of domestic full-service branches (2)	975			972			969			999			1,001
ATM Count	1,585			1,603			1,606			1,630			1,631

(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.

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

Huntington Bancshares Incorporated

Consolidated Year To Date Average Balance Sheets

(Unaudited)


	YTD Average Balances (1)
	Nine Months Ended September 30,				Change
(dollar amounts in millions)	2024		2023		Amount		Percent
Assets


Interest-earning deposits with banks	$	11,141	$	9,071	$	2,070	23	%
Securities:
Trading account securities	137		61		76		NM
Available-for-sale securities:
Taxable	24,049		20,702		3,347		16
Tax-exempt	2,686		2,731		(45)		(2)
Total available-for-sale securities	26,735		23,433		3,302		14


Held-to-maturity securities - taxable	15,285		16,696		(1,411)		(8)





Other securities	777		1,003		(226)		(23)
Total securities	42,934		41,193		1,741		4
Loans held for sale	569		548		21		4
Loans and leases: (2)
Commercial:
Commercial and industrial	51,517		49,559		1,958		4
Commercial real estate:
Commercial	11,148		11,987		(839)		(7)
Construction	1,007		1,336		(329)		(25)
Commercial real estate	12,155		13,323		(1,168)		(9)
Lease financing	5,111		5,137		(26)		(1)
Total commercial	68,783		68,019		764		1
Consumer:
Residential mortgage	23,898		22,793		1,105		5
Automobile	13,044		12,971		73		1
Home equity	10,072		10,173		(101)		(1)
RV and marine	5,968		5,554		414		7
Other consumer	1,511		1,341		170		13
Total consumer	54,493		52,832		1,661		3
Total loans and leases	123,276		120,851		2,425		2
Total earning assets	177,920		171,663		6,257		4
Cash and due from banks	1,413		1,598		(185)		(12)
Goodwill and other intangible assets	5,686		5,738		(52)		(1)
All other assets	11,671		10,594		1,077		10
Allowance for loan and lease losses	(2,295)		(2,174)		(121)		(6)
Total assets	$	194,395	$	187,419	$	6,976	4	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	39,501	$	40,058	$	(557)	(1)	%
Money market deposits	48,240		39,181		9,059		23
Savings and other domestic deposits	16,281		18,818		(2,537)		(13)
Core certificates of deposit (3)	13,905		8,659		5,246		61

Other domestic deposits of $250,000 or more	455		326		129		40
Negotiable CDS, brokered and other deposits	5,783		4,650		1,133		24

Total interest-bearing deposits	124,165		111,692		12,473		11
Short-term borrowings	1,112		3,478		(2,366)		(68)
Long-term debt	14,936		13,700		1,236		9
Total interest-bearing liabilities	140,213		128,870		11,343		9
Demand deposits - noninterest-bearing	29,444		34,933		(5,489)		(16)
All other liabilities	5,160		4,960		200		4
Total Liabilities	174,817		168,763		6,054		4
Total Huntington shareholders’ equity	19,529		18,607		922		5
Non-controlling interest	49		49		—		—
Total equity	$	19,578	$	18,656	$	922	5
Total liabilities and equity	$	194,395	$	187,419	$	13,030	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 Year To Date Net Interest Margin - Interest Income / Expense (1)(2)

(Unaudited)


	YTD Interest Income / Expense
	Nine Months Ended September 30,
(dollar amounts in millions)	2024		2023
Assets


Interest-earning deposits with banks	$	462	$	353
Securities:
Trading account securities	5		2
Available-for-sale securities:
Taxable	949		743
Tax-exempt	103		99
Total available-for-sale securities	1,052		842
Held-to-maturity securities - taxable	281		303



Other securities	30		40
Total securities	1,368		1,187
Loans held for sale	29		25
Loans and leases:
Commercial:
Commercial and industrial	2,470		2,208
Commercial real estate:
Commercial	636		649
Construction	64		80
Commercial real estate	700		729
Lease financing	247		212
Total commercial	3,417		3,149
Consumer:
Residential mortgage	700		603
Automobile	521		408
Home equity	590		563
RV and marine	229		194
Other consumer	134		115
Total consumer	2,174		1,883
Total loans and leases	5,591		5,032
Total earning assets	$	7,450	$	6,597
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	634	$	498
Money market deposits	1,306		754
Savings and other domestic deposits	35		15
Core certificates of deposit (3)	491		245

Other domestic deposits of $250,000 or more	15		8
Negotiable CDS, brokered and other deposits	228		169

Total interest-bearing deposits	2,709		1,689
Short-term borrowings	52		151
Long-term debt	700		603
Total interest-bearing liabilities	3,461		2,443

Net interest income	$	3,989	$	4,154

(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.

Huntington Bancshares Incorporated

Consolidated Year To Date Net Interest Margin - Yield

(Unaudited)


	YTD Average Rates
	Nine Months Ended September 30,
Fully-taxable equivalent basis (1)	2024		2023
Assets


Interest-earning deposits with banks	5.53	%	5.19	%
Securities:
Trading account securities	4.52		4.98
Available-for-sale securities:
Taxable	5.26		4.79
Tax-exempt	5.12		4.79
Total available-for-sale securities	5.25		4.79
Held-to-maturity securities - taxable	2.45		2.42



Other securities	5.09		5.37
Total securities	4.25		3.84
Loans held for sale	6.77		6.13
Loans and leases: (2)
Commercial:
Commercial and industrial	6.30		5.88
Commercial real estate:
Commercial	7.50		7.14
Construction	8.37		7.88
Commercial real estate	7.57		7.21
Lease financing	6.35		5.44
Total commercial	6.53		6.10
Consumer:
Residential mortgage	3.91		3.53
Automobile	5.33		4.20
Home equity	7.83		7.40
RV and marine	5.13		4.67
Other consumer	11.78		11.49
Total consumer	5.33		4.76
Total loans and leases	6.00		5.52
Total earning assets	5.59	%	5.14	%
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	2.14	%	1.66	%
Money market deposits	3.61		2.57
Savings and other domestic deposits	0.29		0.11
Core certificates of deposit (3)	4.72		3.79

Other domestic deposits of $250,000 or more	4.33		3.27
Negotiable CDS, brokered and other deposits	5.27		4.85

Total interest-bearing deposits	2.91		2.02
Short-term borrowings	6.22		5.80
Long-term debt	6.25		5.87
Total interest-bearing liabilities	3.30		2.53

Net interest rate spread	2.29		2.61
Impact of noninterest-bearing funds on margin	0.71		0.63
Net interest margin	3.00	%	3.24	%


Commercial Loan Derivative Impact
(Unaudited)
	YTD Average Rates
	Nine Months Ended September 30,
Fully-taxable equivalent basis (1)	2024		2023
Commercial loans (2)(4)	7.25	%	6.77	%
Impact of commercial loan derivatives	(0.72)		(0.67)
Total commercial - as reported	6.53	%	6.10	%

Average SOFR	5.30	%	4.90	%

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

(2)Includes the impact of 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 Year To Date Income Statement Data

(Unaudited)


	Nine Months Ended September 30,				Change
(dollar amounts in millions, except per share data)	2024		2023		Amount		Percent
Interest income	$	7,411	$	6,566	$	845	13	%
Interest expense	3,461		2,443		1,018		42
Net interest income	3,950		4,123		(173)		(4)
Provision for credit losses	313		276		37		13
Net interest income after provision for credit losses	3,637		3,847		(210)		(5)
Payments and cash management revenue	458		435		23		5
Wealth and asset management revenue	271		242		29		12
Customer deposit and loan fees	246		232		14		6
Capital markets and advisory fees	207		179		28		16
Leasing revenue	60		83		(23)		(28)
Mortgage banking income	99		86		13		15
Insurance income	55		55		—		—
Bank owned life insurance income	53		50		3		6
Gain on sale of loans	14		13		1		8
Net gains (losses) on sales of securities	—		(4)		4		100
Other noninterest income	18		145		(127)		(88)
Total noninterest income	1,481		1,516		(35)		(2)
Personnel costs	1,986		1,884		102		5
Outside data processing and other services	498		448		50		11
Deposit and other insurance expense	94		68		26		38
Equipment	197		193		4		2
Net occupancy	165		181		(16)		(9)
Marketing	88		86		2		2
Professional services	72		64		8		13
Amortization of intangibles	35		38		(3)		(8)
Lease financing equipment depreciation	12		22		(10)		(45)
Other noninterest expense	237		242		(5)		(2)
Total noninterest expense	3,384		3,226		158		5
Income before income taxes	1,734		2,137		(403)		(19)
Provision for income taxes	308		414		(106)		(26)
Income after income taxes	1,426		1,723		(297)		(17)
Income attributable to non-controlling interest	16		15		1		7
Net income attributable to Huntington	1,410		1,708		(298)		(17)
Dividends on preferred shares	107		106		1		1

Net income applicable to common shares	$	1,303	$	1,602	$	(299)	(19)	%
Average common shares - basic	1,451		1,446		5		—
Average common shares - diluted	1,475		1,468		7		—
Per common share
Net income - basic	$	0.90	$	1.11	$	(0.21)	(19)	%
Net income - diluted	0.88		1.09		(0.21)		(19)
Cash dividends declared	0.47		0.47		—		—
Revenue - fully taxable equivalent (FTE)
Net interest income	$	3,950	$	4,123	$	(173)	(4)	%
FTE adjustment	39		31		8		26
Net interest income (1)	3,989		4,154		(165)		(4)
Noninterest income	1,481		1,516		(35)		(2)
Total revenue (1)	$	5,470	$	5,670	$	(200)	(4)	%

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

Huntington Bancshares Incorporated

Year To Date Mortgage Banking Noninterest Income

(Unaudited)


	Nine Months Ended September 30,						Change
(dollar amounts in millions)	2024			2023			Amount			Percent
Net origination and secondary marketing income	$	58		$	57		$	1		2	%
Net mortgage servicing income
Loan servicing income	75			70			5			7
Amortization of capitalized servicing	(39)			(35)			(4)			(11)
Operating income	36			35			1			3
MSR valuation adjustment (1)	6			41			(35)			(85)
(Losses) gains due to MSR hedging	(2)			(44)			42			95
Net MSR risk management	4			(3)			7			—
Total net mortgage servicing income	40			32			8			25
All other	1			(3)			4			133
Mortgage banking income	$	99		$	86		$	13		15	%

Mortgage origination volume	$	5,323		$	5,936		$	(613)		(10)	%
Mortgage origination volume for sale	3,219			3,243			(24)			(1)

Third party mortgage loans serviced (2)	33,565			32,965			600			2
Mortgage servicing rights (2)	515			547			(32)			(6)
MSR % of investor servicing portfolio (2)	1.53		%	1.66		%	(0.13)		%	(8)	%

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

(2)At period end.

Huntington Bancshares Incorporated

Year To Date Credit Reserves Analysis

(Unaudited)


	Nine Months Ended September 30,
(dollar amounts in millions)	2024			2023
Allowance for loan and lease losses, beginning of period	$	2,255		$	2,121

Loan and lease charge-offs	(402)			(322)
Recoveries of loans and leases previously charged off	127			143
Net loan and lease charge-offs	(275)			(179)
Provision for loan and lease losses	255			266


Allowance for loan and lease losses, end of period	2,235			2,208
Allowance for unfunded lending commitments, beginning of period	$	145		$	150

Provision for unfunded lending commitments	56			10


Allowance for unfunded lending commitments, end of period	201			160
Total allowance for credit losses, end of period	$	2,436		$	2,368
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.77		%	1.83		%
Nonaccrual loans and leases (NALs)	303			373
Nonperforming assets (NPAs)	285			348
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.93		%	1.96		%
Nonaccrual loans and leases (NALs)	330			400
Nonperforming assets (NPAs)	311			373

Huntington Bancshares Incorporated

Year To Date Net Charge-Off Analysis

(Unaudited)


	Nine Months Ended September 30,
(dollar amounts in millions)	2024			2023
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	114		$	68



Commercial real estate	54			36
Lease financing	(2)			(3)
Total commercial	166			101
Consumer:
Residential mortgage	1			2
Automobile	23			12
Home equity	(1)			(1)
RV and marine	15			7
Other consumer	71			58
Total consumer	109			78
Total net charge-offs	$	275		$	179


	Nine Months Ended September 30,
	2024			2023
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.29		%	0.18		%



Commercial real estate	0.59			0.37
Lease financing	(0.05)			(0.08)
Total commercial	0.32			0.20
Consumer:
Residential mortgage	—			0.01
Automobile	0.24			0.13
Home equity	—			(0.02)
RV and marine	0.33			0.16
Other consumer	6.25			5.88
Total consumer	0.27			0.20
Net charge-offs as a % of average loans	0.30		%	0.20		%

Huntington Bancshares Incorporated

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

(Unaudited)


	September 30,
(dollar amounts in millions)	2024			2023
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	408		$	314
Commercial real estate	132			102
Lease financing	9			14
Residential mortgage	82			75
Automobile	5			4
Home equity	100			82
RV and marine	2			1

Total nonaccrual loans and leases	738			592



Other real estate, net	8			14
Other NPAs (1)	38			28
Total nonperforming assets (2)	$	784		$	634

Nonaccrual loans and leases as a % of total loans and leases	0.58		%	0.49		%
NPA ratio (3)	0.62			0.52


	Nine Months Ended September 30,
(dollar amounts in millions)	2024		2023
Nonperforming assets, beginning of period	$	711	$	594
New nonperforming assets	833		677


Returns to accruing status	(178)		(130)
Charge-offs	(199)		(158)
Payments	(375)		(327)
Sales	(8)		(22)
Nonperforming assets, end of period (3)	$	784	$	634

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

(2)Nonaccruing troubled debt restructured loans are included in the total nonperforming assets balance.

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