Document

Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

March 31, 2025

Table of Contents


Quarterly Key Statistics			1



Consolidated Balance Sheets			3

Loans and Leases Composition			4

Deposits Composition			5

Consolidated Quarterly Average Balance Sheets			6

Consolidated Quarterly Net Interest Margin - Interest Income / Expense			7

Consolidated Quarterly Net Interest Margin - Yield			8

Selected Quarterly Income Statement Data			9

Quarterly Mortgage Banking Noninterest Income			10

Quarterly Credit Reserves Analysis			11

Quarterly Net Charge-Off Analysis			12

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

Quarterly Accruing Past Due Loans and Leases			14

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

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

Notes:

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates.

Non-GAAP Financial Measures

This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding our results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found herein.

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,

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

•Adjusted common equity tier 1 (CET1).

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. The tangible common equity 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. The adjusted CET1 ratio differs from the defined CET1 regulatory capital ratio the Company is subject to by including the impact of accumulated other comprehensive income (loss) (AOCI) excluding cash flow hedges in the calculation of the capital ratio. 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)	March 31,			December 31,			March 31,			Percent Changes vs.
	2025			2024			2024			4Q24		1Q24
Net interest income (1)	$	1,441		$	1,409		$	1,300		2	%	11	%
FTE adjustment	(15)			(14)			(13)			(7)		(15)
Net interest income	1,426			1,395			1,287			2		11
Provision for credit losses	115			107			107			7		7
Noninterest income	494			559			467			(12)		6
Noninterest expense	1,152			1,178			1,137			(2)		1
Income before income taxes	653			669			510			(2)		28
Provision for income taxes	122			135			86			(10)		42
Income after income taxes	531			534			424			(1)		25
Income attributable to non-controlling interest	4			4			5			—		(20)
Net income attributable to Huntington	527			530			419			(1)		26
Dividends on preferred shares	27			27			36			—		(25)
Impact of preferred stock redemptions	—			5			—			NM		—
Net income applicable to common shares	$	500		$	498		$	383		—	%	31	%

Net income per common share - diluted	$	0.34		$	0.34		$	0.26		—	%	31	%
Cash dividends declared per common share	0.155			0.155			0.155			—		—
Tangible book value per common share at end of period	8.80			8.33			7.77			6		13

Average common shares - basic	1,454			1,453			1,448			—		—
Average common shares - diluted	1,482			1,481			1,473			—		1
Ending common shares outstanding	1,457			1,454			1,449			—		1
Return on average assets	1.04		%	1.05		%	0.89		%
Return on average common shareholders’ equity	11.3			11.0			9.2
Return on average tangible common shareholders’ equity (2)	16.7			16.4			14.2
Net interest margin (1)	3.10			3.03			3.01
Efficiency ratio (3)	58.9			58.6			63.7
Effective tax rate	18.6			20.1			16.8
Average total assets	$	205,087		$	201,815		$	190,306		2		8
Average earning assets	188,299			185,222			173,764			2		8
Average loans and leases	130,862			128,158			121,930			2		7

Average total deposits	161,600			159,405			150,728			1		7
Average Huntington shareholders’ equity	19,997			20,013			19,213			—		4
Average common shareholders' equity	18,007			17,979			16,819			—		7
Average tangible common shareholders' equity	12,375			12,338			11,151			—		11
Total assets at end of period	209,596			204,230			193,519			3		8
Total Huntington shareholders’ equity at end of period	20,434			19,740			19,322			4		6

NCOs as a % of average loans and leases	0.26		%	0.30		%	0.30		%
NAL ratio	0.56			0.60			0.58
NPA ratio (4)	0.61			0.63			0.60
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.71			1.73			1.86
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.87			1.88			1.97
Common equity tier 1 risk-based capital ratio (5)	10.6			10.5			10.2
Tangible common equity / tangible asset ratio (6)	6.3			6.1			6.0

NM - Not Meaningful

See Notes to the Quarterly Key Statistics.

Notes to the Quarterly 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)NPAs include other nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.

(5)March 31, 2025 figure is estimated.

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

Huntington Bancshares Incorporated

Consolidated Balance Sheets


	March 31,		December 31,
(dollar amounts in millions)	2025		2024		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,598	$	1,685	(5)	%


Interest-earning deposits with banks	14,330		11,647		23
Trading account securities	477		53		NM
Available-for-sale securities	27,839		27,273		2
Held-to-maturity securities	16,315		16,368		—


Other securities	880		823		7
Loans held for sale	580		654		(11)
Loans and leases (1)	132,505		130,042		2
Allowance for loan and lease losses	(2,263)		(2,244)		1
Net loans and leases	130,242		127,798		2
Bank owned life insurance	2,799		2,793		—
Accrued income and other receivables	1,716		2,190		(22)
Premises and equipment	1,085		1,066		2
Goodwill	5,561		5,561		—
Servicing rights and other intangible assets	656		677		(3)
Other assets	5,518		5,642		(2)
Total assets	$	209,596	$	204,230	3	%

Liabilities and shareholders' equity
Liabilities
Deposits (2)	$	165,337	$	162,448	2	%
Short-term borrowings	664		199		234
Long-term debt	18,096		16,374		11
Other liabilities	5,013		5,427		(8)
Total liabilities	189,110		184,448		3

Shareholders' equity
Preferred stock	1,989		1,989		—
Common stock	15		15		—
Capital surplus	15,479		15,484		—
Less treasury shares, at cost	(90)		(86)		(5)
Accumulated other comprehensive income (loss)	(2,433)		(2,866)		15
Retained earnings	5,474		5,204		5
Total Huntington shareholders’ equity	20,434		19,740		4
Non-controlling interest	52		42		24
Total equity	20,486		19,782		4
Total liabilities and equity	$	209,596	$	204,230	3	%

Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,456,811,621		1,453,635,809
Treasury shares outstanding	7,164,203		6,984,102
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	877,500		877,500

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

(2)See page 5 for detail of deposits.

Huntington Bancshares Incorporated

Loans and Leases Composition

(Unaudited)


	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2025				2024				2024				2024				2024
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial	$	58,948	45	%	$	56,809	43	%	$	53,601	43	%	$	52,307	42	%	$	51,500	42	%
Commercial real estate:
Commercial	10,196		7		10,215		8		10,647		8		10,997		9		11,339		9
Construction	772		1		863		1		896		1		936		1		1,003		1
Commercial real estate	10,968		8		11,078		9		11,543		9		11,933		10		12,342		10
Lease financing	5,451		4		5,454		4		5,342		4		5,202		4		5,133		4
Total commercial	75,367		57		73,341		56		70,486		56		69,442		56		68,975		56
Consumer:
Residential mortgage	24,369		19		24,242		19		24,100		19		24,069		19		23,744		20
Automobile	14,877		11		14,564		11		14,003		11		13,233		11		12,662		10
Home equity	10,130		8		10,142		8		10,129		8		10,076		8		10,047		8
RV and marine	5,939		4		5,982		5		6,042		5		6,042		5		5,887		5
Other consumer	1,823		1		1,771		1		1,627		1		1,560		1		1,452		1
Total consumer	57,138		43		56,701		44		55,901		44		54,980		44		53,792		44
Total loans and leases	$	132,505	100	%	$	130,042	100	%	$	126,387	100	%	$	124,422	100	%	$	122,767	100	%

Ending balances by business segment:
Consumer & Regional Banking	$	72,653	55	%	$	72,051	56	%	$	70,742	56	%	$	69,328	56	%	$	67,512	55	%
Commercial Banking	59,726		45		57,858		44		55,441		44		54,941		44		54,994		45



Treasury / Other	126		—		133		—		204		—		153		—		261		—
Total loans and leases	$	132,505	100	%	$	130,042	100	%	$	126,387	100	%	$	124,422	100	%	$	122,767	100	%

Average balances by business segment:
Consumer & Regional Banking	$	72,043	55	%	$	71,390	56	%	$	69,759	56	%	$	68,405	56	%	$	67,136	55	%
Commercial Banking	58,588		45		56,492		44		54,464		44		54,748		44		54,584		45



Treasury / Other	231		—		276		—		284		—		223		—		210		—
Total loans and leases	$	130,862	100	%	$	128,158	100	%	$	124,507	100	%	$	123,376	100	%	$	121,930	100	%

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)


	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2025				2024				2024				2024				2024
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing	$	30,217	18	%	$	29,345	18	%	$	29,047	18	%	$	28,636	19	%	$	29,739	19	%
Demand deposits - interest-bearing	44,992		28		43,378		27		42,292		27		40,943		27		39,200		26
Money market deposits	61,608		37		60,730		37		56,434		36		54,469		35		52,897		35
Savings deposits	15,179		9		14,723		9		14,679		9		15,201		10		15,752		10
Time deposits	13,341		8		14,272		9		15,899		10		15,118		9		15,637		10




Total deposits	$	165,337	100	%	$	162,448	100	%	$	158,351	100	%	$	154,367	100	%	$	153,225	100	%






Ending balances by business segment:

Consumer & Regional Banking	$	112,972	68	%	$	111,390	69	%	$	110,107	70	%	$	110,913	72	%	$	112,032	73	%
Commercial Banking	44,090		27		43,366		26		41,597		26		38,110		25		35,619		23


Treasury / Other	8,275		5		7,692		5		6,647		4		5,344		3		5,574		4
Total deposits	$	165,337	100	%	$	162,448	100	%	$	158,351	100	%	$	154,367	100	%	$	153,225	100	%









Average balances by business segment:

Consumer & Regional Banking	$	110,974	69	%	$	110,750	70	%	$	109,884	70	%	$	110,819	72	%	$	109,263	73	%
Commercial Banking	42,714		26		41,741		26		40,153		26		36,765		24		35,656		23


Treasury / Other	7,912		5		6,914		4		6,451		4		5,994		4		5,809		4
Total deposits	$	161,600	100	%	$	159,405	100	%	$	156,488	100	%	$	153,578	100	%	$	150,728	100	%

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)


	Quarterly Average Balances (1)
	March 31,		December 31,		September 30,		June 30,		March 31,		Percent Changes vs.
(dollar amounts in millions)	2025		2024		2024		2024		2024		4Q24		1Q24
Assets


Interest-earning deposits with banks	$	11,632	$	11,027	$	12,532	$	11,116	$	9,761	5	%	19	%
Securities:
Trading account securities	487		645		136		143		133		(24)		NM
Available-for-sale securities:
Taxable	24,245		24,778		25,434		24,184		22,515		(2)		8
Tax-exempt	3,254		3,056		2,699		2,684		2,676		6		22
Total available-for-sale securities	27,499		27,834		28,133		26,868		25,191		(1)		9


Held-to-maturity securities - taxable	16,358		16,053		15,078		15,211		15,567		2		5





Other securities	877		824		829		776		724		6		21
Total securities	45,221		45,356		44,176		42,998		41,615		—		9
Loans held for sale	584		681		676		572		458		(14)		28
Loans and leases: (2)
Commercial:
Commercial and industrial	57,555		55,136		52,194		51,724		50,625		4		14
Commercial real estate:
Commercial	10,206		10,461		10,835		11,247		11,365		(2)		(10)
Construction	815		818		909		916		1,198		—		(32)
Commercial real estate	11,021		11,279		11,744		12,163		12,563		(2)		(12)
Lease financing	5,476		5,424		5,180		5,071		5,081		1		8
Total commercial	74,052		71,839		69,118		68,958		68,269		3		8
Consumer:
Residential mortgage	24,299		24,127		24,074		23,909		23,710		1		2
Automobile	14,665		14,350		13,584		12,989		12,553		2		17
Home equity	10,123		10,134		10,089		10,056		10,072		—		1
RV and marine	5,951		6,009		6,046		5,966		5,892		(1)		1
Other consumer	1,772		1,699		1,596		1,498		1,434		4		24
Total consumer	56,810		56,319		55,389		54,418		53,661		1		6
Total loans and leases	130,862		128,158		124,507		123,376		121,930		2		7
Total earning assets	188,299		185,222		181,891		178,062		173,764		2		8
Cash and due from banks	1,404		1,348		1,407		1,340		1,493		4		(6)
Goodwill and other intangible assets	5,651		5,662		5,674		5,685		5,697		—		(1)


All other assets	$	9,733	$	9,583	$	9,306	$	9,471	$	9,352	2		4
Total assets	$	205,087	$	201,815	$	198,278	$	194,558	$	190,306	2	%	8	%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	43,582	$	41,802	$	41,850	$	39,431	$	38,488	4	%	13	%
Money market deposits	60,213		58,297		55,599		53,553		51,310		3		17
Savings deposits	14,866		14,648		14,891		15,408		15,625		1		(5)
Time deposits	13,993		15,076		15,348		15,556		15,395		(7)		(9)




Total interest-bearing deposits	132,654		129,823		127,688		123,948		120,818		2		10
Short-term borrowings	1,439		1,249		826		1,214		1,300		15		11
Long-term debt	16,901		16,081		15,878		15,146		13,777		5		23
Total interest-bearing liabilities	150,994		147,153		144,392		140,308		135,895		3		11
Demand deposits - noninterest-bearing	28,946		29,582		28,800		29,630		29,910		(2)		(3)
All other liabilities	5,102		5,020		4,925		5,314		5,239		2		(3)
Total liabilities	185,042		181,755		178,117		175,252		171,044		2		8
Total Huntington shareholders’ equity	19,997		20,013		20,113		19,254		19,213		—		4
Non-controlling interest	48		47		48		52		49		2		(2)
Total equity	20,045		20,060		20,161		19,306		19,262		—		4
Total liabilities and equity	$	205,087	$	201,815	$	198,278	$	194,558	$	190,306	2	%	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.

Huntington Bancshares Incorporated

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

(Unaudited)


	Quarterly Interest Income / Expense
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2025		2024		2024		2024		2024
Assets


Interest-earning deposits with banks	$	129	$	136	$	174	$	154	$	134
Securities:
Trading account securities	4		8		1		2		2
Available-for-sale securities:
Taxable	287		302		331		322		296
Tax-exempt	42		38		35		34		34
Total available-for-sale securities	329		340		366		356		330
Held-to-maturity securities - taxable	108		104		93		93		95



Other securities	12		12		11		10		9
Total securities	453		464		471		461		436
Loans held for sale	9		11		12		10		7
Loans and leases:
Commercial:
Commercial and industrial	873		851		840		829		801
Commercial real estate:
Commercial	170		185		207		214		215
Construction	15		22		20		19		25
Commercial real estate	185		207		227		233		240
Lease financing	89		89		86		82		79
Total commercial	1,147		1,147		1,153		1,144		1,120
Consumer:
Residential mortgage	250		243		241		232		227
Automobile	207		205		191		172		158
Home equity	183		190		199		196		195
RV and marine	78		81		79		76		74
Other consumer	48		47		48		44		42
Total consumer	766		766		758		720		696
Total loans and leases	1,913		1,913		1,911		1,864		1,816
Total earning assets	$	2,504	$	2,524	$	2,568	$	2,489	$	2,393

Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	205	$	209	$	239	$	210	$	200
Money market deposits	458		479		521		513		481
Savings deposits	7		6		4		3		2
Time deposits	140		169		181		181		174




Total interest-bearing deposits	810		863		945		907		857
Short-term borrowings	14		17		14		19		19
Long-term debt	239		235		245		238		217
Total interest-bearing liabilities	1,063		1,115		1,204		1,164		1,093
Net interest income	$	1,441	$	1,409	$	1,364	$	1,325	$	1,300

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

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

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield

(Unaudited)


	Quarterly Average Rates
	March 31,		December 31,		September 30,		June 30,		March 31,
Fully-taxable equivalent basis (1)	2025		2024		2024		2024		2024
Assets
Interest-earning deposits with banks	4.45	%	4.92	%	5.55	%	5.55	%	5.50	%
Securities:
Trading account securities	3.67		5.39		3.28		5.10		5.15
Available-for-sale securities:
Taxable	4.73		4.87		5.21		5.33		5.26
Tax-exempt	5.22		5.00		5.23		5.07		5.05
Total available-for-sale securities	4.79		4.89		5.21		5.30		5.24
Held-to-maturity securities - taxable	2.64		2.59		2.47		2.44		2.44



Other securities	5.28		6.01		4.86		5.21		5.23
Total securities	4.01		4.10		4.26		4.29		4.19
Loans held for sale	6.48		6.28		6.92		6.81		6.51
Loans and leases: (2)
Commercial:
Commercial and industrial	6.07		6.05		6.31		6.33		6.26
Commercial real estate:
Commercial	6.66		6.91		7.47		7.53		7.49
Construction	7.47		10.64		8.52		8.41		8.23
Commercial real estate	6.72		7.18		7.55		7.60		7.56
Lease financing	6.49		6.38		6.51		6.41		6.13
Total commercial	6.19		6.25		6.53		6.56		6.49
Consumer:
Residential mortgage	4.11		4.03		4.00		3.89		3.83
Automobile	5.71		5.70		5.59		5.34		5.05
Home equity	7.33		7.42		7.86		7.86		7.77
RV and marine	5.34		5.35		5.24		5.11		5.04
Other consumer	11.01		11.18		11.69		11.75		11.91
Total consumer	5.44		5.42		5.45		5.32		5.20
Total loans and leases	5.87		5.89		6.05		6.01		5.92
Total earning assets	5.39		5.42		5.62		5.62		5.54
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	1.91		1.99		2.28		2.13		2.09
Money market deposits	3.08		3.27		3.73		3.85		3.77
Savings deposits	0.20		0.16		0.12		0.09		0.04
Time deposits	4.06		4.47		4.66		4.70		4.55
Total interest-bearing deposits	2.48		2.65		2.94		2.94		2.85
Short-term borrowings	3.87		5.37		6.52		6.31		5.95
Long-term debt	5.68		5.83		6.19		6.28		6.30
Total interest-bearing liabilities	2.86		3.01		3.32		3.34		3.23

Net interest rate spread	2.53		2.41		2.30		2.28		2.31
Impact of noninterest-bearing funds on margin	0.57		0.62		0.68		0.71		0.70
Net interest margin	3.10	%	3.03	%	2.98	%	2.99	%	3.01	%


Additional information:
Commercial Loan Derivative Impact
Commercial loans (2)(3)	6.57	%	6.77	%	7.21	%	7.29	%	7.22	%
Impact of commercial loan derivatives	(0.38)		(0.52)		(0.68)		(0.73)		(0.73)
Total commercial - as reported	6.19	%	6.25	%	6.53	%	6.56	%	6.49	%
Average SOFR	4.33	%	4.68	%	5.28	%	5.32	%	5.32	%

Total cost of deposits (4)	2.03	%	2.16	%	2.40	%	2.38	%	2.29	%

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

(2)Includes nonaccrual loans and leases.

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

(4)Includes noninterest-bearing and interest-bearing deposit balances.

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)


	Three Months Ended
(dollar amounts in millions, except per share data)	March 31,		December 31,		September 30,		June 30,		March 31,
	2025		2024		2024		2024		2024
Interest income	$	2,489	$	2,510	$	2,555	$	2,476	$	2,380
Interest expense	1,063		1,115		1,204		1,164		1,093
Net interest income	1,426		1,395		1,351		1,312		1,287
Provision for credit losses	115		107		106		100		107
Net interest income after provision for credit losses	1,311		1,288		1,245		1,212		1,180
Payments and cash management revenue	155		162		158		154		146
Wealth and asset management revenue	101		93		93		90		88
Customer deposit and loan fees	86		88		86		83		77
Capital markets and advisory fees	67		120		78		73		56
Mortgage banking income	31		31		38		30		31
Leasing revenue	14		19		19		19		22
Insurance income	20		22		18		18		19


Net gains (losses) on sales of securities	—		(21)		—		—		—
Other noninterest income	20		45		33		24		28
Total noninterest income	494		559		523		491		467
Personnel costs	671		715		684		663		639
Outside data processing and other services	170		167		167		165		166
Equipment	67		70		65		62		70
Net occupancy	65		56		57		51		57
Marketing	29		28		33		27		28
Deposit and other insurance expense	37		20		15		25		54
Professional services	22		27		21		26		25
Amortization of intangibles	11		12		11		12		12
Lease financing equipment depreciation	4		3		4		4		4
Other noninterest expense	76		80		73		82		82
Total noninterest expense	1,152		1,178		1,130		1,117		1,137
Income before income taxes	653		669		638		586		510
Provision for income taxes	122		135		116		106		86
Income after income taxes	531		534		522		480		424
Income attributable to non-controlling interest	4		4		5		6		5
Net income attributable to Huntington	527		530		517		474		419
Dividends on preferred shares	27		27		36		35		36
Impact of preferred stock redemptions	—		5		—		—		—
Net income applicable to common shares	$	500	$	498	$	481	$	439	$	383

Average common shares - basic	1,454		1,453		1,453		1,451		1,448
Average common shares - diluted	1,482		1,481		1,477		1,474		1,473

Per common share
Net income - basic	$	0.34	$	0.34	$	0.33	$	0.30	$	0.26
Net income - diluted	0.34		0.34		0.33		0.30		0.26
Cash dividends declared	0.155		0.155		0.155		0.155		0.155

Revenue - fully-taxable equivalent (FTE)
Net interest income	$	1,426	$	1,395	$	1,351	$	1,312	$	1,287
FTE adjustment	15		14		13		13		13
Net interest income (1)	1,441		1,409		1,364		1,325		1,300
Noninterest income	494		559		523		491		467
Total revenue (1)	$	1,935	$	1,968	$	1,887	$	1,816	$	1,767

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

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2025			2024			2024			2024			2024			4Q24		1Q24
Net origination and secondary marketing income	$	18		$	25		$	25		$	17		$	16		(28)	%	13	%
Net mortgage servicing income
Loan servicing income	26			26			25			25			25			—		4
Amortization of capitalized servicing	(13)			(16)			(14)			(14)			(11)			19		(18)
Operating income	13			10			11			11			14			30		(7)
MSR valuation adjustment (1)	(15)			53			(25)			11			20			(128)		(175)
(Losses) gains due to MSR hedging	15			(57)			27			(10)			(19)			126		179
Net MSR risk management	—			(4)			2			1			1			100		(100)
Total net mortgage servicing income	13			6			13			12			15			117		(13)
All other	—			—			—			1			—			—		—
Mortgage banking income	$	31		$	31		$	38		$	30		$	31		—	%	—	%

Mortgage origination volume	$	1,599		$	2,093		$	1,883		$	2,164		$	1,276		(24)	%	25	%
Mortgage origination volume for sale	938			1,220			1,194			1,191			834			(23)		12

Third party mortgage loans serviced (2)	$	33,864		$	33,696		$	33,565		$	33,404		$	33,303		—	%	2	%
Mortgage servicing rights (2)	564			573			515			543			534			(2)		6
MSR % of investor servicing portfolio (2)	1.66		%	1.70		%	1.53		%	1.63		%	1.60		%	(2)		4

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

(2)At period end.

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Allowance for loan and lease losses, beginning of period	$	2,244		$	2,235		$	2,304		$	2,280		$	2,255

Loan and lease charge-offs	(133)			(129)			(129)			(145)			(128)
Recoveries of loans and leases previously charged-off	47			32			36			55			36
Net loan and lease charge-offs	(86)			(97)			(93)			(90)			(92)
Provision for loan and lease losses	105			106			24			114			117


Allowance for loan and lease losses, end of period	2,263			2,244			2,235			2,304			2,280
Allowance for unfunded lending commitments, beginning of period	202			201			119			135			145

Provision for unfunded lending commitments	13			1			82			(16)			(10)


Allowance for unfunded lending commitments, end of period	215			202			201			119			135
Total allowance for credit losses, end of period	$	2,478		$	2,446		$	2,436		$	2,423		$	2,415
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.71		%	1.73		%	1.77		%	1.85		%	1.86		%
Nonaccrual loans and leases (NALs)	302			286			303			314			318
Nonperforming assets (NPAs)	281			273			285			296			309
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.87		%	1.88		%	1.93		%	1.95		%	1.97		%
Nonaccrual loans and leases (NALs)	331			312			330			331			337
Nonperforming assets (NPAs)	308			297			311			311			327



	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2025		2024		2024		2024		2024
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	1,017	$	947	$	937	$	995	$	974
Commercial real estate	443		473		510		542		564
Lease financing	60		64		51		50		51
Total commercial	1,520		1,484		1,498		1,587		1,589
Consumer
Residential mortgage	199		205		193		199		163
Automobile	150		145		138		127		146
Home equity	140		148		149		142		137
RV and marine	146		150		150		146		148
Other consumer	108		112		107		103		97
Total consumer	743		760		737		717		691
Total allowance for loan and lease losses	2,263		2,244		2,235		2,304		2,280
Allowance for unfunded lending commitments	215		202		201		119		135
Total allowance for credit losses	$	2,478	$	2,446	$	2,436	$	2,423	$	2,415

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	48		$	52		$	51		$	21		$	42



Commercial real estate	(8)			(2)			5			36			13
Lease financing	4			1			(2)			—			—
Total commercial	44			51			54			57			55
Consumer:
Residential mortgage	—			—			—			1			—
Automobile	13			12			8			6			9
Home equity	—			—			(1)			—			—
RV and marine	7			7			6			4			5
Other consumer	22			27			26			22			23
Total consumer	42			46			39			33			37
Total net charge-offs	$	86		$	97		$	93		$	90		$	92


	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2025			2024			2024			2024			2024
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	0.33		%	0.39		%	0.39		%	0.16		%	0.33		%



Commercial real estate	(0.26)			(0.08)			0.17			1.19			0.41
Lease financing	0.33			0.06			(0.18)			0.02			0.01
Total commercial	0.24			0.29			0.31			0.33			0.32
Consumer:
Residential mortgage	—			0.01			—			0.01			—
Automobile	0.35			0.32			0.24			0.20			0.27
Home equity	—			(0.02)			(0.02)			(0.01)			0.01
RV and marine	0.45			0.43			0.37			0.25			0.36
Other consumer	4.89			6.51			6.38			5.98			6.39
Total consumer	0.29			0.32			0.28			0.24			0.28
Net charge-offs as a % of average loans and leases	0.26		%	0.30		%	0.30		%	0.29		%	0.30		%

Huntington Bancshares Incorporated

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

(Unaudited)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	413		$	457		$	408		$	346		$	376
Commercial real estate	118			118			132			194			154
Lease financing	11			10			9			13			10
Residential mortgage	90			83			82			80			75
Automobile	4			6			5			4			4
Home equity	110			107			100			95			96
RV and marine	2			2			2			1			1

Total nonaccrual loans and leases	748			783			738			733			716



Other real estate, net	8			8			8			10			10
Other NPAs (1)	48			31			38			37			12
Total nonperforming assets	$	804		$	822		$	784		$	780		$	738

Nonaccrual loans and leases as a % of total loans and leases	0.56		%	0.60		%	0.58		%	0.59		%	0.58		%
NPA ratio (2)	0.61			0.63			0.62			0.63			0.60
(NPA+90days)/(Loan+OREO) (3)	0.77			0.82			0.80			0.77			0.75


	Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2025		2024		2024		2024		2024
Nonperforming assets, beginning of period	$	822	$	784	$	780	$	738	$	711
New nonperforming assets	250		271		254		316		263


Returns to accruing status	(31)		(46)		(55)		(55)		(68)
Charge-offs	(55)		(37)		(53)		(82)		(64)
Payments	(178)		(146)		(139)		(135)		(102)
Sales	(4)		(4)		(3)		(2)		(2)

Nonperforming assets, end of period	$	804	$	822	$	784	$	780	$	738

(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)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	2		$	3		$	6		$	1		$	1

Lease financing	8			11			16			4			3
Residential mortgage (excluding loans guaranteed by the U.S. Government)	29			34			28			22			26
Automobile	8			12			10			8			8
Home equity	18			20			20			18			17
RV and marine	3			4			3			3			2
Other consumer	4			4			5			3			4
Total, excl. loans guaranteed by the U.S. Government	72			88			88			59			61
Add: loans guaranteed by U.S. Government	148			151			136			116			122
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	220		$	239		$	224		$	175		$	183

Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.05		%	0.07		%	0.07		%	0.05		%	0.05		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.11			0.12			0.11			0.09			0.10
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.17			0.18			0.18			0.14			0.15

Huntington Bancshares Incorporated

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

(Unaudited)


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity	$	20,434		$	19,740		$	20,606		$	19,515		$	19,322
Regulatory capital adjustments:
CECL transitional amount (2)	—			109			109			109			109
Shareholders’ preferred equity and related surplus	(1,999)			(1,999)			(2,404)			(2,404)			(2,404)
Accumulated other comprehensive loss	2,422			2,866			2,104			2,911			2,879
Goodwill and other intangibles, net of taxes	(5,520)			(5,534)			(5,546)			(5,561)			(5,575)
Deferred tax assets from tax loss and credit carryforwards	(68)			(55)			(66)			(49)			(48)
Common equity tier 1 capital	15,269			15,127			14,803			14,521			14,283
Additional tier 1 capital
Shareholders’ preferred equity and related surplus	1,999			1,999			2,404			2,404			2,404


Tier 1 capital	17,268			17,126			17,207			16,925			16,687
Long-term debt and other tier 2 qualifying instruments	1,641			1,641			1,119			1,278			1,279
Qualifying allowance for loan and lease losses	1,811			1,798			1,784			1,743			1,747
Tier 2 capital	3,452			3,439			2,903			3,021			3,026
Total risk-based capital	$	20,720		$	20,565		$	20,110		$	19,946		$	19,713
Risk-weighted assets (RWA)(1)	$	144,632		$	143,650		$	142,543		$	139,374		$	139,622
Common equity tier 1 risk-based capital ratio (1)	10.6		%	10.5		%	10.4		%	10.4		%	10.2		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	8.5			8.6			8.8			8.8			8.9
Tier 1 risk-based capital ratio (1)	11.9			11.9			12.1			12.1			12.0
Total risk-based capital ratio (1)	14.3			14.3			14.1			14.3			14.1
Non-regulatory capital data:
Tangible common equity / RWA ratio (1)	8.9			8.4			8.8			8.2			8.1




Reconciliation of Non-GAAP Measure (3)
Common equity tier 1 (CET1) capital (A)	$	15,269		$	15,127		$	14,803		$	14,521		$	14,283
Add: Accumulated other comprehensive income (loss) (AOCI)	(2,422)			(2,866)			(2,104)			(2,911)			(2,879)
Less: AOCI cash flow hedge	(90)			(267)			(39)			(399)			(436)
Adjusted common equity tier 1 (B)	12,937			12,528			12,738			12,009			11,840
Risk weighted assets (C)	144,632			143,650			142,543			139,374			139,622

CET1 ratio (A/C)	10.6		%	10.5		%	10.4		%	10.4		%	10.2		%
Adjusted CET1 ratio (B/C)	8.9			8.7			8.9			8.6			8.5

(1)March 31, 2025 figures are estimated.

(2)Huntington elected to temporarily delay certain effects of CECL on regulatory capital pursuant to a rule that allowed BHCs and banks to delay the impact of adopting CECL for two years, followed by a three-year transition period which began January 1, 2022. As of March 31, 2025, the impact of the CECL deferral was fully phased in, while 75% of the impact of the CECL deferral was phased in at December 31, 2024, September 30, 2024, June 30, 2024, and March 31, 2024.

(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


	March 31,		December 31,		September 30,		June 30,		March 31,
	2025		2024		2024		2024		2024






Cash dividends declared per common share	$	0.155	$	0.155	$	0.155	$	0.155	$	0.155
Common shares outstanding (in millions):
Average - basic	1,454		1,453		1,453		1,451		1,448
Average - diluted	1,482		1,481		1,477		1,474		1,473
Ending	1,457		1,454		1,453		1,452		1,449
Tangible book value per common share (1)	$	8.80	$	8.33	$	8.65	$	7.89	$	7.77

Non-regulatory capital


	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2025			2024			2024			2024			2024
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity	$	20,434		$	19,740		$	20,606		$	19,515		$	19,322
Goodwill and other intangible assets	(5,646)			(5,657)			(5,669)			(5,680)			(5,692)
Deferred tax liability on other intangible assets (1)	18			20			23			25			28
Total tangible equity	14,806			14,103			14,960			13,860			13,658
Preferred equity	(1,989)			(1,989)			(2,394)			(2,394)			(2,394)
Total tangible common equity	$	12,817		$	12,114		$	12,566		$	11,466		$	11,264
Total assets	$	209,596		$	204,230		$	200,535		$	196,310		$	193,519
Goodwill and other intangible assets	(5,646)			(5,657)			(5,669)			(5,680)			(5,692)
Deferred tax liability on other intangible assets (1)	18			20			23			25			28
Total tangible assets	$	203,968		$	198,593		$	194,889		$	190,655		$	187,855
Tangible equity / tangible asset ratio	7.3		%	7.1		%	7.7		%	7.3		%	7.3		%
Tangible common equity / tangible asset ratio	6.3		%	6.1		%	6.4		%	6.0		%	6.0		%
Other data:
Number of employees (Average full-time equivalent)	20,092			20,045			20,043			19,889			19,719
Number of domestic full-service branches (2)	968			978			975			972			969
ATM Count	1,560			1,577			1,585			1,603			1,606

(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.