EX-99.23hban20260630_8kex992.htmEX-99.2 Document
Exhibit 99.2
HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Supplement
June 30, 2026
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 / Rate
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)
16
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data
17
Consolidated Year-to-Date Average Balance Sheets
19
Consolidated Year-to-Date Net Interest Margin - Interest Income / Expense
20
Consolidated Year-to-Date Net Interest Margin - Yields / Rates
21
Selected Year-to-Date Income Statement Data
22
Year-to-Date Mortgage Banking Noninterest Income
23
Year-to-Date Credit Reserves Analysis
24
Year-to-Date Net Charge-Off Analysis
25
Year-to-Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)
26
Basis of Presentation
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 (FTE) 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.
Notable Items
From time to time, revenue, expenses, or taxes are impacted by items judged by management to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management at that time to be infrequent or short term in nature. We refer to such items as “Notable Items.” Management believes it is useful to consider certain financial metrics with and without Notable Items, in order to enable a better understanding of company results, increase comparability of period-to-period results, and to evaluate and forecast those results.
Huntington Bancshares Incorporated
Quarterly Key Statistics
(Unaudited)
Three Months Ended
(dollar amounts in millions, except per share data)
June 30,
March 31,
June 30,
Percent Changes vs.
2026
2026
2025
1Q26
2Q25
T1Net interest income - FTE (1)
$
2,072
$
1,910
$
1,483
8
%
40
%
FTE adjustment
(20)
(19)
(16)
(5)
(25)
Net interest income
2,052
1,891
1,467
9
40
Provision for credit losses
132
158
103
(16)
28
T2Noninterest income
785
682
471
15
67
T3Noninterest expense
1,809
1,774
1,197
2
51
Income before income taxes
896
641
638
40
40
Provision for income taxes
165
114
96
45
72
Income after income taxes
731
527
542
39
35
Income attributable to non-controlling interest
4
4
6
—
(33)
Net income attributable to Huntington
727
523
536
39
36
Dividends on preferred shares
41
41
27
—
52
Net income applicable to common shares
$
686
$
482
$
509
42
%
35
%
Net income per common share - diluted
$
0.33
$
0.25
$
0.34
32
%
(3)
%
Cash dividends declared per common share
0.155
0.155
0.155
—
—
Tangible book value per common share at end of period (2)
9.65
9.55
9.13
1
6
Average common shares - basic
2,021
1,869
1,457
8
39
Average common shares - diluted
2,048
1,901
1,481
8
38
Ending common shares outstanding
2,020
2,027
1,459
—
38
Return on average assets
1.02
%
0.81
%
1.04
%
Return on average common shareholders’ equity
9.3
7.2
11.0
Return on average tangible common shareholders’ equity (3)
15.1
11.6
16.1
Net interest margin (1)
3.21
3.24
3.11
Efficiency ratio (4)
61.5
67.2
59.0
Effective tax rate
18.4
17.8
15.0
Average total assets
$
284,481
$
262,170
$
207,852
9
%
37
%
Average earning assets
258,600
238,973
191,092
8
35
Average loans and leases
189,255
174,216
133,171
9
42
Average total deposits
223,403
204,616
163,429
9
37
Average Huntington shareholders’ equity
32,555
29,896
20,548
9
58
Average common shareholders' equity
29,675
27,050
18,559
10
60
Average tangible common shareholders' equity
19,404
18,024
12,935
8
50
Total assets at end of period
283,984
285,372
207,742
—
37
Total Huntington shareholders’ equity at end of period
32,624
32,535
20,928
—
56
NCOs as a % of average loans and leases
0.25
%
0.26
%
0.20
%
NAL ratio
0.84
0.71
0.62
NPA ratio (5)
0.85
0.72
0.63
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period
1.72
1.72
1.73
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period
1.78
1.78
1.86
T4Common equity tier 1 risk-based capital ratio (6)
10.0
10.2
10.5
Tangible common equity / tangible asset ratio (7)
7.1
7.0
6.6
See Notes to Quarterly and Year-to-Date Key Statistics.
1
Huntington Bancshares Incorporated
Year-to-Date Key Statistics
(Unaudited)
Six Months Ended June 30,
Change
(dollar amounts in millions, except per share data)
2026
2025
Amount
Percent
Net interest income - FTE (1)
$
3,982
$
2,924
$
1,058
36
%
FTE adjustment
(39)
(31)
(8)
(26)
Net interest income
3,943
2,893
1,050
36
Provision for credit losses
290
218
72
33
Noninterest income
1,467
965
502
52
Noninterest expense
3,583
2,349
1,234
53
Income before income taxes
1,537
1,291
246
19
Provision for income taxes
279
218
61
28
Income after income taxes
1,258
1,073
185
17
Income attributable to non-controlling interest
8
10
(2)
(20)
Net income attributable to Huntington
1,250
1,063
187
18
Dividends on preferred shares
82
54
28
52
Net income applicable to common shares
$
1,168
$
1,009
$
159
16
%
Net income per common share - diluted
$
0.59
$
0.68
$
(0.09)
(13)
%
Cash dividends declared per common share
0.31
0.31
—
—
Average common shares - basic
1,946
1,456
490
34
Average common shares - diluted
1,975
1,482
493
33
Return on average assets
0.92
%
1.04
%
Return on average common shareholders’ equity
8.3
11.1
Return on average tangible common shareholders’ equity (3)
13.4
16.4
Net interest margin (1)
3.23
3.11
Efficiency ratio (4)
64.2
58.9
Effective tax rate
18.1
16.8
Average total assets
$
273,387
$
206,477
$
66,910
32
%
Average earning assets
248,841
189,703
59,138
31
Average loans and leases
181,777
132,023
49,754
38
Average total deposits
214,061
162,519
51,542
32
Average Huntington shareholders’ equity
31,233
20,274
10,959
54
Average common shareholders' equity
28,370
18,285
10,085
55
Average tangible common shareholders' equity
18,718
12,657
6,061
48
NCOs as a % of average loans and leases
0.25
%
0.23
%
See Notes to Quarterly and Year-to-Date Key Statistics.
2
Notes to Quarterly and Year-to-Date Key Statistics
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(2)Tangible book value per common share, a non-GAAP measure, is calculated as tangible common shareholders' equity divided by period end common shares outstanding.
(3)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 on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(4)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses), which represents a non-GAAP measure.
(5)NPAs include other nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.
(6)June 30, 2026 figure is 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), which represents a non-GAAP measure. Other intangible assets are net of deferred tax liability, calculated at a 21% tax rate. See page 17 for reconciliation.
3
Huntington Bancshares Incorporated
Consolidated Balance Sheets
At June 30,
At March 31,
At December 31,
Percent Changes vs.
(dollar amounts in millions)
2026
2026
2025
1Q26
4Q25
(Unaudited)
(Unaudited)
Assets
Cash and due from banks
$
3,330
$
2,096
$
1,783
59
%
87
%
Interest-earning deposits with banks
12,714
17,579
12,295
(28)
3
Trading account assets
326
199
63
64
417
Available-for-sale securities
35,206
35,557
26,132
(1)
35
Held-to-maturity securities
14,384
14,768
15,258
(3)
(6)
Other securities
1,383
1,281
994
8
39
Loans held for sale
1,886
1,073
1,415
76
33
Loans and leases (1)
189,422
188,818
149,642
—
27
Allowance for loan and lease losses
(3,249)
(3,243)
(2,537)
—
(28)
Net loans and leases
186,173
185,575
147,105
—
27
Bank-owned life insurance
3,676
3,673
2,902
—
27
Accrued income and other receivables
2,960
2,197
2,621
35
13
Premises and equipment
2,171
2,138
1,321
2
64
Goodwill
9,527
9,527
5,997
—
59
Servicing rights and other intangible assets
1,691
1,727
752
(2)
125
Other assets
8,557
7,982
6,468
7
32
Total assets
$
283,984
$
285,372
$
225,106
—
%
26
%
Liabilities and shareholders' equity
Liabilities
Deposits (2)
$
222,466
$
223,482
$
176,610
—
%
26
%
Short-term borrowings
3,111
1,875
1,261
66
%
147
%
Long-term debt
18,738
21,594
17,221
(13)
9
Other liabilities
7,004
5,840
5,635
20
24
Total liabilities
251,319
252,791
200,727
(1)
25
Shareholders' equity
Preferred stock
2,881
2,881
2,731
—
5
Common stock
20
20
16
—
25
Capital surplus
25,150
25,273
17,244
—
46
Less treasury shares, at cost
(94)
(95)
(92)
1
(2)
Accumulated other comprehensive income (loss)
(2,213)
(2,059)
(1,908)
(7)
(16)
Retained earnings
6,880
6,515
6,351
6
8
Total Huntington shareholders’ equity
32,624
32,535
24,342
—
34
Non-controlling interest
41
46
37
(11)
11
Total equity
32,665
32,581
24,379
—
34
Total liabilities and equity
$
283,984
$
285,372
$
225,106
—
%
26
%
Common shares authorized (par value of $0.01)
2,250,000,000
2,250,000,000
2,250,000,000
Common shares outstanding
2,020,414,826
2,027,130,587
1,567,732,506
Treasury shares outstanding
7,152,410
7,269,138
7,187,541
Preferred stock, authorized shares
6,617,808
6,617,808
6,617,808
Preferred shares outstanding
891,900
891,900
885,000
(1)See page 5 for detail of loans and leases.
(2)See page 6 for detail of deposits.
4
Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial
$
91,378
49
%
$
89,282
47
%
$
69,442
46
%
$
62,978
45
%
$
60,723
45
%
Commercial real estate
23,457
12
24,337
13
15,209
10
10,732
8
10,698
8
Lease financing
5,714
3
5,796
3
5,727
4
5,515
4
5,516
4
T5Total commercial
120,549
64
119,415
63
90,378
60
79,225
57
76,937
57
Consumer:
Residential mortgage
33,221
18
33,458
19
24,777
17
24,502
18
24,527
19
Automobile
15,460
8
15,953
8
16,168
11
15,996
12
15,382
11
Home equity
11,884
6
11,831
6
10,395
7
10,314
7
10,221
8
RV and marine
5,706
3
5,627
3
5,682
4
5,805
4
5,907
4
Other consumer
2,602
1
2,534
1
2,242
1
2,114
2
1,986
1
Total consumer
68,873
36
69,403
37
59,264
40
58,731
43
58,023
43
Total loans and leases
$
189,422
100
%
$
188,818
100
%
$
149,642
100
%
$
137,956
100
%
$
134,960
100
%
Ending balances by business segment:
Consumer & Regional Banking
$
103,317
55
%
$
104,578
55
%
$
79,069
53
%
$
75,027
55
%
$
73,887
55
%
Commercial Banking
86,089
45
84,199
45
70,391
47
62,755
45
60,823
45
Treasury / Other
16
—
41
—
182
—
174
—
250
—
Total loans and leases
$
189,422
100
%
$
188,818
100
%
$
149,642
100
%
$
137,956
100
%
$
134,960
100
%
Average balances by business segment:
Consumer & Regional Banking
$
104,270
55
%
$
95,969
55
%
$
77,908
53
%
$
74,306
55
%
$
73,154
55
%
Commercial Banking
84,706
45
78,029
45
68,388
47
61,373
45
59,806
45
Treasury / Other
279
—
218
—
311
—
265
—
211
—
Total loans and leases
$
189,255
100
%
$
174,216
100
%
$
146,607
100
%
$
135,944
100
%
$
133,171
100
%
5
Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing
$
40,129
18
%
$
40,839
18
%
$
32,205
18
%
$
28,596
17
%
$
28,656
18
%
Demand deposits - interest-bearing
62,395
28
61,086
27
48,510
27
46,056
28
45,468
28
Money market deposits
75,717
34
75,554
34
65,123
37
62,837
38
60,998
37
Savings deposits
18,820
9
18,971
9
15,426
9
14,986
9
15,112
9
Time deposits
25,405
11
27,032
12
15,346
9
12,737
8
13,146
8
Total deposits
$
222,466
100
%
$
223,482
100
%
$
176,610
100
%
$
165,212
100
%
$
163,380
100
%
Ending balances by business segment:
Consumer & Regional Banking
$
150,687
68
%
$
153,000
69
%
$
117,188
66
%
$
110,043
67
%
$
111,926
68
%
Commercial Banking
62,713
28
60,775
27
50,657
29
47,651
28
43,691
27
Treasury / Other
9,066
4
9,707
4
8,765
5
7,518
5
7,763
5
Total deposits
$
222,466
100
%
$
223,482
100
%
$
176,610
100
%
$
165,212
100
%
$
163,380
100
%
Average balances by business segment:
Consumer & Regional Banking
$
152,612
68
%
$
138,557
67
%
$
114,613
66
%
$
111,138
68
%
$
112,135
69
%
Commercial Banking
61,597
28
56,622
28
50,470
29
46,346
28
43,288
26
Treasury / Other
9,194
4
9,437
5
8,073
5
7,328
4
8,006
5
Total deposits
$
223,403
100
%
$
204,616
100
%
$
173,156
100
%
$
164,812
100
%
$
163,429
100
%
6
Huntington Bancshares Incorporated
Consolidated Quarterly Average Balance Sheets
(Unaudited)
Quarterly Average Balances (1)
June 30,
March 31,
December 31,
September 30,
June 30,
Percent Changes vs.
(dollar amounts in millions)
2026
2026
2025
2025
2025
1Q26
2Q25
Assets:
Interest-earning deposits with banks
$
16,977
$
15,634
$
12,231
$
11,823
$
12,264
9
%
38
%
Trading account assets
281
235
112
629
634
20
(56)
Investment and other securities:
Available-for-sale securities:
Taxable
31,486
28,063
22,879
23,485
24,015
12
31
Tax-exempt
3,487
3,441
3,405
3,318
3,251
1
7
Total available-for-sale securities
34,973
31,504
26,284
26,803
27,266
11
28
Held-to-maturity securities - taxable
14,571
14,975
15,397
15,752
16,130
(3)
(10)
Other securities
1,369
1,219
949
888
881
12
55
Total investment and other securities
50,913
47,698
42,630
43,443
44,277
7
15
Loans held for sale
1,174
1,190
931
893
746
(1)
57
Loans and leases: (2)
Commercial:
Commercial and industrial
90,371
81,535
67,378
61,440
59,393
11
52
Commercial real estate
23,925
21,138
14,268
10,692
10,785
13
122
Lease financing
5,726
5,754
5,498
5,483
5,458
—
5
Total commercial
120,022
108,427
87,144
77,615
75,636
11
59
Consumer:
Residential mortgage
33,515
30,392
25,098
24,511
24,423
10
37
Automobile
15,650
16,056
16,114
15,693
15,132
(3)
3
Home equity
11,878
11,325
10,372
10,264
10,196
5
16
RV and marine
5,646
5,631
5,747
5,860
5,921
—
(5)
Other consumer
2,544
2,385
2,132
2,001
1,863
7
37
Total consumer
69,233
65,789
59,463
58,329
57,535
5
20
Total loans and leases
189,255
174,216
146,607
135,944
133,171
9
42
Total earning assets
258,600
238,973
202,511
192,732
191,092
8
35
Cash and due from banks
2,036
1,778
1,396
1,445
1,407
15
45
Goodwill and other intangible assets
10,468
9,175
6,043
5,625
5,640
14
86
All other assets
13,377
12,244
10,280
9,925
9,713
9
38
Total assets
$
284,481
$
262,170
$
220,230
$
209,727
$
207,852
9
%
37
%
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing
$
62,388
$
52,985
$
47,185
$
45,980
$
44,677
18
%
40
%
Money market deposits
75,309
75,216
65,182
62,009
61,090
—
23
Savings deposits
18,940
18,033
15,360
15,042
15,127
5
25
Time deposits
26,758
22,864
14,661
12,773
13,290
17
101
Total interest-bearing deposits
183,395
169,098
142,388
135,804
134,184
8
37
Short-term borrowings
1,887
1,745
897
1,267
1,261
8
50
Long-term debt
20,971
20,248
17,335
17,433
17,776
4
18
Total interest-bearing liabilities
206,253
191,091
160,620
154,504
153,221
8
35
Demand deposits - noninterest-bearing
40,008
35,518
30,768
29,008
29,245
13
37
All other liabilities
5,620
5,624
4,907
4,826
4,788
—
17
Total liabilities
251,881
232,233
196,295
188,338
187,254
8
35
Total Huntington shareholders’ equity
32,555
29,896
23,896
21,348
20,548
9
58
Non-controlling interest
45
41
39
41
50
10
(10)
Total equity
32,600
29,937
23,935
21,389
20,598
9
58
Total liabilities and equity
$
284,481
$
262,170
$
220,230
$
209,727
$
207,852
9
%
37
%
(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.
7
Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Interest Income / Expense
(Unaudited)
Quarterly Interest Income / Expense (1) (2)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Assets
Interest-earning deposits with banks
$
156
$
141
$
124
$
134
$
139
Trading account assets
3
2
—
7
6
Investment and other securities:
Available-for-sale securities:
Taxable
285
258
212
246
278
Tax-exempt
43
42
43
41
41
Total available-for-sale securities
328
300
255
287
319
Held-to-maturity securities - taxable
97
99
103
105
107
Other securities
17
16
11
12
12
Total investment and other securities
442
415
369
404
438
Loans held for sale
19
18
14
15
12
Loans and leases:
Commercial:
Commercial and industrial
1,336
1,191
1,023
959
914
Commercial real estate
370
327
233
187
183
Lease financing
101
99
91
93
92
Total commercial
1,807
1,617
1,347
1,239
1,189
Consumer:
Residential mortgage
404
353
269
259
253
Automobile
229
232
241
234
219
Home equity
202
193
184
190
186
RV and marine
76
76
80
80
79
Other consumer
64
58
54
55
51
Total consumer
975
912
828
818
788
Total loans and leases
2,782
2,529
2,175
2,057
1,977
Total earning assets
$
3,402
$
3,105
$
2,682
$
2,617
$
2,572
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
$
285
$
246
$
227
$
235
$
223
Money market deposits
493
446
437
466
464
Savings deposits
39
30
19
13
11
Time deposits
231
198
137
116
124
Total interest-bearing deposits
1,048
920
820
830
822
Short-term borrowings
18
16
10
13
13
Long-term debt
264
259
243
251
254
Total interest-bearing liabilities
1,330
1,195
1,073
1,094
1,089
Net interest income
$
2,072
$
1,910
$
1,609
$
1,523
$
1,483
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, 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.
8
Huntington Bancshares Incorporated
Consolidated Quarterly Net Interest Margin - Yield / Rate
(Unaudited)
Quarterly Average Yield / Rate (1)
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
Assets
Interest-earning deposits with banks
3.67
%
3.62
%
4.03
%
4.53
%
4.52
%
Trading account assets
3.97
3.70
2.58
4.03
3.72
Investment and other securities:
Available-for-sale securities:
Taxable
3.62
3.67
3.72
4.19
4.62
Tax-exempt
4.92
4.86
4.99
5.02
4.93
Total available-for-sale securities
3.75
3.80
3.88
4.29
4.66
Held-to-maturity securities - taxable
2.65
2.65
2.66
2.66
2.66
Other securities
5.00
5.17
4.86
5.15
5.85
Total investment and other securities
3.47
3.48
3.46
3.72
3.95
Loans held for sale
6.16
6.19
6.13
6.52
6.43
Loans and leases: (2)
Commercial:
Commercial and industrial
5.85
5.85
5.94
6.11
6.09
Commercial real estate
6.12
6.17
6.39
6.86
6.71
Lease financing
6.98
6.86
6.48
6.69
6.66
Total commercial
5.96
5.96
6.05
6.25
6.22
Consumer:
Residential mortgage
4.81
4.65
4.29
4.23
4.15
Automobile
5.87
5.86
5.93
5.92
5.82
Home equity
6.85
6.89
7.02
7.34
7.32
RV and marine
5.44
5.44
5.53
5.41
5.31
Other consumer
10.09
9.88
10.11
10.82
10.88
Total consumer
5.65
5.59
5.54
5.57
5.49
Total loans and leases
5.84
5.82
5.84
5.96
5.91
Total earning assets
5.28
5.27
5.25
5.39
5.40
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
1.83
1.88
1.91
2.02
2.00
Money market deposits
2.62
2.41
2.66
2.99
3.05
Savings deposits
0.83
0.68
0.47
0.35
0.28
Time deposits
3.46
3.50
3.69
3.60
3.74
Total interest-bearing deposits
2.29
2.21
2.28
2.43
2.46
Short-term borrowings
3.65
3.83
4.45
3.90
4.37
Long-term debt
5.06
5.09
5.61
5.75
5.69
Total interest-bearing liabilities
2.59
2.53
2.65
2.81
2.85
Net interest rate spread
2.69
2.74
2.60
2.58
2.55
Impact of noninterest-bearing funds on margin
0.52
0.50
0.55
0.55
0.56
Net interest margin
3.21
%
3.24
%
3.15
%
3.13
%
3.11
%
Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)
6.02
%
6.04
%
6.23
%
6.50
%
6.49
%
Impact of commercial loan derivatives
(0.06)
(0.08)
(0.18)
(0.25)
(0.27)
Total commercial - as reported
5.96
%
5.96
%
6.05
%
6.25
%
6.22
%
Average SOFR
3.62
%
3.66
%
4.00
%
4.33
%
4.32
%
Total cost of deposits (4)
1.88
%
1.82
%
1.88
%
2.00
%
2.02
%
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 10 for the FTE adjustment.
(2)Includes nonaccrual loans and leases.
(3)Yields/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.
9
Huntington Bancshares Incorporated
Selected Quarterly Income Statement Data
(Unaudited)
Three Months Ended
(dollar amounts in millions, except per share data)
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
Interest income
$
3,382
$
3,086
$
2,665
$
2,600
$
2,556
Interest expense
1,330
1,195
1,073
1,094
1,089
Net interest income
2,052
1,891
1,592
1,506
1,467
Provision for credit losses
132
158
123
122
103
Net interest income after provision for credit losses
1,920
1,733
1,469
1,384
1,364
Payments and cash management revenue
204
187
170
174
165
Wealth and asset management revenue
134
120
102
104
102
Customer deposit and loan fees
128
110
107
102
95
Capital markets and advisory fees
140
132
101
94
84
Mortgage banking income
53
32
39
43
28
Insurance income
21
21
22
20
19
Leasing revenue
29
13
19
23
10
Net gains (losses) on sales of securities
2
13
—
—
(58)
Other noninterest income
74
54
22
68
26
Total noninterest income
785
682
582
628
471
Personnel costs
1,010
992
845
757
722
Outside data processing and other services
326
311
222
198
182
Equipment
96
93
67
66
68
Net occupancy
90
85
56
57
54
Professional services
31
44
80
31
22
Marketing
38
37
36
34
28
Deposit and other insurance expense
38
35
(1)
9
20
Amortization of intangibles
54
41
13
11
11
Lease financing equipment depreciation
2
3
3
4
2
Other noninterest expense
124
133
99
79
88
Total noninterest expense
1,809
1,774
1,420
1,246
1,197
Income before income taxes
896
641
631
766
638
Provision for income taxes
165
114
108
133
96
Income after income taxes
731
527
523
633
542
Income attributable to non-controlling interest
4
4
4
4
6
Net income attributable to Huntington
727
523
519
629
536
Dividends on preferred shares
41
41
43
27
27
Net income applicable to common shares
$
686
$
482
$
476
$
602
$
509
Average common shares - basic
2,021
1,869
1,544
1,459
1,457
Average common shares - diluted
2,048
1,901
1,570
1,485
1,481
Per common share
Net income - basic
$
0.34
$
0.26
$
0.31
$
0.41
$
0.35
Net income - diluted
0.33
0.25
0.30
0.41
0.34
Cash dividends declared
0.155
0.155
0.155
0.155
0.155
Revenue - fully-taxable equivalent (FTE)
Net interest income
$
2,052
$
1,891
$
1,592
$
1,506
$
1,467
FTE adjustment
20
19
17
17
16
Net interest income FTE (1)
2,072
1,910
1,609
1,523
1,483
Noninterest income
785
682
582
628
471
Total revenue FTE (1)
$
2,857
$
2,592
$
2,191
$
2,151
$
1,954
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
10
Huntington Bancshares Incorporated
Quarterly Mortgage Banking Noninterest Income
(Unaudited)
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
Percent Changes vs.
(dollar amounts in millions)
2026
2026
2025
2025
2025
1Q26
2Q25
Net origination and secondary marketing income
$
45
$
35
$
28
$
30
$
26
29
%
73
%
Net mortgage servicing income
Loan servicing income
32
32
26
26
26
—
23
Amortization of capitalized servicing
(24)
(21)
(20)
(17)
(18)
(14)
(33)
Operating income
8
11
6
9
8
(27)
—
MSR valuation adjustment (1)
2
(5)
13
(1)
—
140
100
Gains (losses) due to MSR hedging
(2)
(10)
(8)
4
(6)
80
67
Net MSR risk management
—
(15)
5
3
(6)
100
100
Total net mortgage servicing income
8
(4)
11
12
2
300
300
All other
—
1
—
1
—
(100)
—
Mortgage banking income
$
53
$
32
$
39
$
43
$
28
66
%
89
%
Mortgage origination volume
$
3,581
$
2,323
$
2,178
$
2,243
$
2,412
54
%
48
%
Mortgage origination volume for sale
1,964
1,457
1,421
1,516
1,508
35
30
Third party mortgage loans serviced (2)
$
43,419
$
42,796
$
34,407
$
34,370
$
33,925
1
%
28
%
Mortgage servicing rights (2)
752
735
593
576
567
2
33
MSR % of investor servicing portfolio (2)
1.73
%
1.72
%
1.72
%
1.67
%
1.67
%
1
%
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.
11
Huntington Bancshares Incorporated
Quarterly Credit Reserves Analysis
(Unaudited)
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Allowance for loan and lease losses, beginning of period
$
3,243
$
2,537
$
2,374
$
2,331
$
2,263
Loan and lease charge-offs
(191)
(173)
(145)
(137)
(111)
Recoveries of loans and leases previously charged off
72
62
56
62
45
Net loan and lease charge-offs
(119)
(111)
(89)
(75)
(66)
Provision for loan and lease losses
125
250
109
118
134
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition
—
322
71
—
—
Allowance on purchased seasoned loans and leases at acquisition (1)
—
245
72
—
—
Allowance for loan and lease losses, end of period
3,249
3,243
2,537
2,374
2,331
Allowance for unfunded lending commitments, beginning of period
125
206
188
184
215
Provision (benefit) for unfunded lending commitments
7
(92)
14
4
(31)
Allowance for unfunded lending commitments at acquisition
—
11
4
—
—
Allowance for unfunded lending commitments, end of period
132
125
206
188
184
Total allowance for credit losses, end of period
$
3,381
$
3,368
$
2,743
$
2,562
$
2,515
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases
1.72
%
1.72
%
1.70
%
1.72
%
1.73
%
Nonaccrual loans and leases (NALs)
204
243
272
294
277
Nonperforming assets (NPAs)
202
239
269
289
274
Total allowance for credit losses (ACL) as % of:
Total loans and leases
1.78
%
1.78
%
1.83
%
1.86
%
1.86
%
Nonaccrual loans and leases (NALs)
213
253
295
317
299
Nonperforming assets (NPAs)
210
248
290
312
295
(1) Reflects Huntington's October 1, 2025 adoption of Accounting Standards Update (ASU) 2025-08 applicable to purchased loans whereby non-PCD loans acquired in a business combination are deemed "purchased seasoned loans" and subject to the gross-approach resulting in recognition of an allowance for credit losses at acquisition.
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Allocation of allowance for credit losses
Commercial
Commercial and industrial
$
1,443
$
1,390
$
1,070
$
1,084
$
1,068
Commercial real estate
800
819
569
419
417
Lease financing
96
96
92
65
63
Total commercial
2,339
2,305
1,731
1,568
1,548
Consumer
Residential mortgage
259
291
205
204
208
Automobile
169
178
181
172
161
Home equity
174
171
149
160
153
RV and marine
129
134
136
141
143
Other consumer
179
164
135
129
118
Total consumer
910
938
806
806
783
Total allowance for loan and lease losses
3,249
3,243
2,537
2,374
2,331
Allowance for unfunded lending commitments
132
125
206
188
184
Total allowance for credit losses
$
3,381
$
3,368
$
2,743
$
2,562
$
2,515
12
Huntington Bancshares Incorporated
Quarterly Net Charge-Off Analysis
(Unaudited)
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial
$
66
$
54
$
40
$
39
$
32
Commercial real estate
3
2
8
(4)
(3)
Lease financing
(3)
—
(8)
1
2
Total commercial
66
56
40
36
31
Consumer:
Residential mortgage
3
1
—
—
1
Automobile
12
15
14
10
7
Home equity
1
—
—
1
—
RV and marine
6
7
6
4
5
Other consumer
31
32
29
24
22
Total consumer
53
55
49
39
35
Total net charge-offs
$
119
$
111
$
89
$
75
$
66
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial
0.29
%
0.26
%
0.24
%
0.25
%
0.22
%
Commercial real estate
0.06
0.03
0.21
(0.13)
(0.14)
Lease financing
(0.18)
0.01
(0.53)
0.04
0.12
Total commercial
0.22
0.21
0.18
0.18
0.16
Consumer:
Residential mortgage
0.03
0.02
0.01
0.01
0.01
Automobile
0.32
0.38
0.36
0.26
0.19
Home equity
0.01
0.02
(0.01)
0.01
0.01
RV and marine
0.44
0.51
0.45
0.30
0.33
Other consumer
4.88
5.30
5.22
4.92
4.86
Total consumer
0.30
0.34
0.33
0.27
0.25
Net charge-offs as a % of average loans and leases
0.25
%
0.26
%
0.24
%
0.22
%
0.20
%
13
Huntington Bancshares Incorporated
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs) (1)
(Unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Nonaccrual loans and leases (NALs):
Commercial and industrial
$
986
$
824
$
562
$
455
$
489
Commercial real estate
243
188
133
131
138
Lease financing
8
9
8
10
10
Residential mortgage
223
185
107
97
93
Automobile
7
6
6
6
5
Home equity
120
117
113
108
105
RV and marine
2
2
2
1
2
Other consumer
—
1
—
—
—
Total nonaccrual loans and leases
1,589
1,332
931
808
842
Other real estate, net
23
22
13
10
10
Other NPAs (1)
—
3
1
3
—
Total nonperforming assets
$
1,612
$
1,357
$
945
$
821
$
852
Nonaccrual loans and leases as a % of total loans and leases
0.84
%
0.71
%
0.62
%
0.59
%
0.62
%
NPA ratio (2)
0.85
0.72
0.63
0.60
0.63
(NPA+90days)/(Loan+OREO) (3)
1.08
0.94
0.82
0.76
0.81
Three Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Nonperforming assets, beginning of period
$
1,357
$
945
$
821
$
852
$
804
Acquired nonperforming assets
—
295
81
—
—
New nonperforming assets
737
403
300
252
343
Returns to accruing status
(36)
(52)
(22)
(25)
(27)
Charge-offs
(122)
(121)
(75)
(62)
(57)
Payments
(306)
(108)
(141)
(167)
(203)
Sales
(18)
(5)
(19)
(29)
(8)
Nonperforming assets, end of period
$
1,612
$
1,357
$
945
$
821
$
852
(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 owned.
14
Huntington Bancshares Incorporated
Quarterly Accruing Past Due Loans and Leases
(Unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Accruing loans and leases past due 90+ days:
Commercial and industrial
$
2
$
2
$
1
$
1
$
4
Commercial real estate
—
3
—
—
—
Lease financing
6
5
9
6
14
Residential mortgage (excluding loans guaranteed by the U.S. Government)
66
46
46
35
40
Automobile
12
12
14
12
10
Home equity
24
22
16
20
18
RV and marine
3
3
4
3
2
Other consumer
5
6
6
5
4
Total, excl. loans guaranteed by the U.S. Government
118
99
96
82
92
Add: loans guaranteed by U.S. Government
325
322
186
152
149
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government
$
443
$
421
$
282
$
234
$
241
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.06
%
0.05
%
0.06
%
0.06
%
0.07
%
Guaranteed by U.S. Government, as a percent of total loans and leases
0.17
0.17
0.12
0.11
0.11
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases
0.23
0.22
0.19
0.17
0.18
15
Huntington Bancshares Incorporated
Quarterly Capital Under Current Regulatory Standards (Basel III)
(Unaudited)
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Common equity tier 1 risk-based capital ratio: (1)
Total Huntington shareholders’ equity
$
32,624
$
32,535
$
24,342
$
22,248
$
20,928
Regulatory capital adjustments:
Shareholders’ preferred equity and related surplus
(2,891)
(2,891)
(2,741)
(2,741)
(1,999)
Accumulated other comprehensive loss
2,208
2,055
1,904
2,065
2,241
Goodwill and other intangibles, net of taxes
(10,126)
(10,180)
(5,999)
(5,481)
(5,508)
Deferred tax assets from tax loss and credit carryforwards
(427)
(359)
(220)
(167)
(123)
Common equity tier 1 capital
21,388
21,160
17,286
15,924
15,539
Additional tier 1 capital
Shareholders’ preferred equity and related surplus
2,891
2,891
2,741
2,741
1,999
Tier 1 capital
24,279
24,051
20,027
18,665
17,538
Long-term debt and other tier 2 qualifying instruments
2,127
2,126
1,480
1,477
1,606
Qualifying allowance for loan and lease losses
2,670
2,595
2,086
1,880
1,859
Tier 2 capital
4,797
4,721
3,566
3,357
3,465
Total risk-based capital
$
29,076
$
28,772
$
23,593
$
22,022
$
21,003
Risk-weighted assets (RWA) (1)
$
214,192
$
208,132
$
166,684
$
150,222
$
148,602
Common equity tier 1 risk-based capital ratio (1)
10.0
%
10.2
%
10.4
%
10.6
%
10.5
%
Other regulatory capital data:
Tier 1 leverage ratio (1)
8.8
9.5
9.3
9.0
8.5
Tier 1 risk-based capital ratio (1)
11.3
11.6
12.0
12.4
11.8
Total risk-based capital ratio (1)
13.6
13.8
14.2
14.7
14.1
Reconciliation of Non-GAAP Measure (2)
Common equity tier 1 (CET1) capital (A)
$
21,388
$
21,160
$
17,286
$
15,924
$
15,539
Add: Accumulated other comprehensive income (loss) (AOCI)
(2,208)
(2,055)
(1,904)
(2,065)
(2,241)
Less: AOCI cash flow hedge
(167)
(49)
27
16
(7)
Adjusted common equity tier 1 (B)
19,347
19,154
15,355
13,843
13,305
Risk-weighted assets (RWA) (C)
214,192
208,132
166,684
150,222
148,602
CET1 ratio (A/C)
10.0
%
10.2
%
10.4
%
10.6
%
10.5
%
Adjusted CET1 ratio (B/C)
9.0
9.2
9.2
9.2
9.0
(1)June 30, 2026 figures are estimated.
(2) 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.
16
Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data
(Unaudited)
Quarterly Common Stock Summary
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
Cash dividends declared per common share
$
0.155
$
0.155
$
0.155
$
0.155
$
0.155
Common shares outstanding (in millions):
Average - basic
2,021
1,869
1,544
1,459
1,457
Average - diluted
2,048
1,901
1,570
1,485
1,481
Ending
2,020
2,027
1,568
1,459
1,459
Tangible book value per common share (1)
$
9.65
$
9.55
$
9.89
$
9.54
$
9.13
(1) Represents a non-GAAP measure that excludes preferred stock and intangible assets, net of deferred taxes, to derive tangible common equity.
Non-Regulatory Capital
June 30,
March 31,
December 31,
September 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity
$
32,624
$
32,535
$
24,342
$
22,248
$
20,928
Goodwill and other intangible assets
(10,442)
(10,496)
(6,142)
(5,611)
(5,635)
Deferred tax liability on other intangible assets (1)
192
203
30
13
16
Total tangible equity
22,374
22,242
18,230
16,650
15,309
Preferred equity
(2,881)
(2,881)
(2,731)
(2,731)
(1,989)
Total tangible common equity
$
19,493
$
19,361
$
15,499
$
13,919
$
13,320
Total assets
$
283,984
$
285,372
$
225,106
$
210,228
$
207,742
Goodwill and other intangible assets
(10,442)
(10,496)
(6,142)
(5,611)
(5,635)
Deferred tax liability on other intangible assets (1)
192
203
30
13
16
Total tangible assets
$
273,734
$
275,079
$
218,994
$
204,630
$
202,123
Shareholders' equity / total assets
11.5
%
11.4
%
10.8
%
10.6
%
10.1
%
Tangible equity / tangible asset ratio
8.2
8.1
8.3
8.1
7.6
Tangible common equity / tangible asset ratio
7.1
7.0
7.1
6.8
6.6
Tangible common equity / RWA ratio (2)
9.1
9.3
9.3
9.3
9.0
(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.
(2)Estimated at June 30, 2026.
Other Data
June 30,
March 31,
December 31,
September 30,
June 30,
2026
2026
2025
2025
2025
Number of employees (Average full-time equivalent)
26,407
24,641
20,924
20,247
20,242
Number of domestic full-service branches (1)
1,407
1,403
1,005
972
971
ATM Count
2,016
2,043
1,591
1,569
1,565
(1)Includes Regional Banking and The Huntington Private Bank offices.
17
Huntington Bancshares Incorporated
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data (continued)
(Unaudited)
Return on Average Tangible Common Shareholders' Equity
Three Months Ended
Six Months Ended
June 30,
March 31,
December 31,
September 30,
June 30,
June 30,
June 30,
(dollar amounts in millions)
2026
2026
2025
2025
2025
2026
2025
Calculation of return on average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity
$
29,675
$
27,050
$
21,165
$
19,197
$
18,559
$
28,370
$
18,285
Less: Intangible assets and goodwill, net of tax effect
10,271
9,026
6,015
5,610
5,624
9,652
5,628
Average tangible common shareholders' equity (A)
$
19,404
$
18,024
$
15,150
$
13,587
$
12,935
$
18,718
$
12,657
Net income applicable to common shares
$
686
$
482
$
476
$
602
$
509
$
1,168
$
1,009
Add: Amortization of intangibles, net of deferred tax
42
33
10
8
9
75
18
Tangible net income applicable to common shares
$
728
$
515
$
486
$
610
$
518
$
1,243
$
1,027
Add: Notable Items, after tax
116
216
99
(13)
3
332
5
Adjusted net income applicable to common shares, excluding Notable Items
$
844
$
731
$
585
$
597
$
521
$
1,575
$
1,032
Tangible net income applicable to common shares, annualized (B)
$
2,920
$
2,089
$
1,928
$
2,420
$
2,078
$
2,507
$
2,071
Adjusted net income applicable to common shares, excluding Notable Items, annualized (C)
3,385
2,965
2,320
2,369
2,090
3,176
2,081
Return on average tangible common shareholders' equity (B/A)
15.1
%
11.6
%
12.7
%
17.8
%
16.1
%
13.4
%
16.4
%
Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A)
17.5
%
16.4
%
15.3
%
17.4
%
16.2
%
17.0
%
16.4
%
Efficiency Ratio
Three Months Ended
Six Months Ended
(amounts in millions)
June 30, 2026
March 31, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Noninterest expense (GAAP)
$
1,809
$
1,774
$
1,197
$
3,583
$
2,349
Less: Intangible amortization
54
41
11
95
22
Noninterest expense less amortization of intangibles (non-GAAP)
$
1,755
$
1,733
$
1,186
$
3,488
$
2,327
Net interest income
$
2,052
$
1,891
$
1,467
$
3,943
$
2,893
Noninterest income
785
682
471
1,467
965
Total Revenue (GAAP)
2,837
2,573
1,938
5,410
3,858
Add: FTE adjustment (1)
20
19
16
39
31
Less: Gains (losses) on sales of securities
2
13
(58)
15
(58)
FTE revenue less gains (losses) on sales of securities (non-GAAP)
$
2,855
$
2,579
$
2,012
$
5,434
$
3,947
Efficiency Ratio (2)
61.5
%
67.2
%
59.0
%
64.2
%
58.9
%
(1)Calculated on an FTE basis, which represents a non-GAAP measure, assuming a 21% tax rate.
(2)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding gains (losses) on sales of securities, which represents a non-GAAP measure.
18
Huntington Bancshares Incorporated
Consolidated Year-To-Date Average Balance Sheets
(Unaudited)
YTD Average Balances (1)
Six Months Ended June 30,
Change
(dollar amounts in millions)
2026
2025
Amount
Percent
Assets
Interest-earning deposits with banks
$
16,309
$
11,950
$
4,359
36
%
Trading account assets
258
561
(303)
(54)
Investment and other securities:
Available-for-sale securities:
Taxable
29,784
24,130
5,654
23
Tax-exempt
3,464
3,252
212
7
Total available-for-sale securities
33,248
27,382
5,866
21
Held-to-maturity securities - taxable
14,772
16,243
(1,471)
(9)
Other securities
1,295
879
416
47
Total investment and other securities
49,315
44,504
4,811
11
Loans held for sale
1,182
665
517
78
Loans and leases: (2)
Commercial:
Commercial and industrial
85,978
58,478
27,500
47
Commercial real estate
22,539
10,902
11,637
107
Lease financing
5,740
5,467
273
5
Total commercial
114,257
74,847
39,410
53
Consumer:
Residential mortgage
31,962
24,362
7,600
31
Automobile
15,852
14,900
952
6
Home equity
11,603
10,160
1,443
14
RV and marine
5,639
5,936
(297)
(5)
Other consumer
2,464
1,818
646
36
Total consumer
67,520
57,176
10,344
18
Total loans and leases
181,777
132,023
49,754
38
Total earning assets
248,841
189,703
59,138
31
Cash and due from banks
1,908
1,406
502
36
Goodwill and other intangible assets
9,825
5,646
4,179
74
All other assets
12,813
9,722
3,091
32
Total assets
$
273,387
$
206,477
$
66,910
32
%
Liabilities and shareholders' equity
Interest-bearing deposits:
Demand deposits - interest-bearing
$
57,711
$
44,132
$
13,579
31
%
Money market deposits
75,263
60,654
14,609
24
Savings deposits
18,489
14,998
3,491
23
Time deposits
24,822
13,639
11,183
82
Total interest-bearing deposits
176,285
133,423
42,862
32
Short-term borrowings
1,816
1,350
466
35
Long-term debt
20,611
17,341
3,270
19
Total interest-bearing liabilities
198,712
152,114
46,598
31
Demand deposits - noninterest-bearing
37,776
29,096
8,680
30
All other liabilities
5,623
4,944
679
14
Total liabilities
242,111
186,154
55,957
30
Total Huntington shareholders’ equity
31,233
20,274
10,959
54
Non-controlling interest
43
49
(6)
(12)
Total equity
31,276
20,323
10,953
54
Total liabilities and equity
$
273,387
$
206,477
$
66,910
32
%
(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.
19
Huntington Bancshares Incorporated
Consolidated Year-To-Date Net Interest Margin - Interest Income / Expense
(Unaudited)
YTD Interest Income / Expense (1) (2)
Six Months Ended June 30,
(dollar amounts in millions)
2026
2025
Assets
Interest-earning deposits with banks
$
297
$
268
Trading account assets
5
10
Investment and other securities:
Available-for-sale securities:
Taxable
543
565
Tax-exempt
85
83
Total available-for-sale securities
628
648
Held-to-maturity securities - taxable
196
215
Other securities
33
24
Total investment and other securities
857
887
Loans held for sale
37
21
Loans and leases:
Commercial:
Commercial and industrial
2,527
1,787
Commercial real estate
697
368
Lease financing
200
181
Total commercial
3,424
2,336
Consumer:
Residential mortgage
757
503
Automobile
461
426
Home equity
395
369
RV and marine
152
157
Other consumer
122
99
Total consumer
1,887
1,554
Total loans and leases
5,311
3,890
Total earning assets
$
6,507
$
5,076
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
$
531
$
428
Money market deposits
939
922
Savings deposits
69
18
Time deposits
429
264
Total interest-bearing deposits
1,968
1,632
Short-term borrowings
34
27
Long-term debt
523
493
Total interest-bearing liabilities
2,525
2,152
Net interest income
$
3,982
$
2,924
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 22 for the FTE adjustment.
(2)Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
20
Huntington Bancshares Incorporated
Consolidated Year-To-Date Net Interest Margin - Yields / Rates
(Unaudited)
YTD Average Yields / Rates (1)
Six Months Ended June 30,
2026
2025
Assets
Interest-earning deposits with banks
3.65
%
4.49
%
Trading account assets
3.84
3.70
Investment and other securities:
Available-for-sale securities:
Taxable
3.65
4.68
Tax-exempt
4.89
5.08
Total available-for-sale securities
3.77
4.73
Held-to-maturity securities - taxable
2.65
2.65
Other securities
5.08
5.57
Total investment and other securities
3.47
3.98
Loans held for sale
6.18
6.45
Loans and leases: (2)
Commercial:
Commercial and industrial
5.85
6.08
Commercial real estate
6.15
6.71
Lease financing
6.92
6.57
Total commercial
5.96
6.21
Consumer:
Residential mortgage
4.74
4.13
Automobile
5.87
5.77
Home equity
6.87
7.33
RV and marine
5.44
5.32
Other consumer
9.99
10.94
Total consumer
5.62
5.47
Total loans and leases
5.83
5.89
Total earning assets
5.27
%
5.40
%
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing
1.86
%
1.96
%
Money market deposits
2.52
3.06
Savings deposits
0.76
0.24
Time deposits
3.48
3.90
Total interest-bearing deposits
2.25
2.47
Short-term borrowings
3.73
4.10
Long-term debt
5.07
5.68
Total interest-bearing liabilities
2.56
2.85
Net interest rate spread
2.71
2.55
Impact of noninterest-bearing funds on margin
0.52
0.56
Net interest margin
3.23
%
3.11
%
Additional information:
Commercial Loan Derivative Impact
Commercial loans (2) (3)
6.03
%
6.53
%
Impact of commercial loan derivatives
(0.07)
(0.32)
Total commercial - as reported
5.96
%
6.21
%
Average SOFR
3.64
%
4.33
%
Total cost of deposits (4)
1.85
%
2.02
%
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See page 22 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.
21
Huntington Bancshares Incorporated
Selected Year-To-Date Income Statement Data
(Unaudited)
Six Months Ended June 30,
Change
(dollar amounts in millions, except per share data)
2026
2025
Amount
Percent
Interest income
$
6,468
$
5,045
$
1,423
28
%
Interest expense
2,525
2,152
373
17
Net interest income
3,943
2,893
1,050
36
Provision for credit losses
290
218
72
33
Net interest income after provision for credit losses
3,653
2,675
978
37
Payments and cash management revenue
391
320
71
22
Wealth and asset management revenue
254
203
51
25
Customer deposit and loan fees
238
181
57
31
Capital markets and advisory fees
272
151
121
80
Mortgage banking income
85
59
26
44
Insurance income
42
39
3
8
Leasing revenue
42
24
18
75
Net gains (losses) on sales of securities
15
(58)
73
126
Other noninterest income
128
46
82
178
Total noninterest income
1,467
965
502
52
Personnel costs
2,002
1,393
609
44
Outside data processing and other services
637
352
285
81
Equipment
189
135
54
40
Net occupancy
175
119
56
47
Professional services
75
44
31
70
Marketing
75
57
18
32
Deposit and other insurance expense
73
57
16
28
Amortization of intangibles
95
22
73
332
Lease financing equipment depreciation
5
6
(1)
(17)
Other noninterest expense
257
164
93
57
Total noninterest expense
3,583
2,349
1,234
53
Income before income taxes
1,537
1,291
246
19
Provision for income taxes
279
218
61
28
Income after income taxes
1,258
1,073
185
17
Income attributable to non-controlling interest
8
10
(2)
(20)
Net income attributable to Huntington
1,250
1,063
187
18
Dividends on preferred shares
82
54
28
52
Net income applicable to common shares
$
1,168
$
1,009
$
159
16
%
Average common shares - basic
1,946
1,456
490
34
Average common shares - diluted
1,975
1,482
493
33
Per common share
Net income - basic
$
0.60
$
0.69
$
(0.09)
(13)
%
Net income - diluted
0.59
0.68
(0.09)
(13)
Cash dividends declared
0.31
0.31
—
—
Revenue - fully taxable equivalent (FTE)
Net interest income
$
3,943
$
2,893
$
1,050
36
%
FTE adjustment
39
31
8
26
Net interest income (1)
3,982
2,924
1,058
36
Noninterest income
1,467
965
502
52
Total revenue (1)
$
5,449
$
3,889
$
1,560
40
%
(1)Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
22
Huntington Bancshares Incorporated
Year-To-Date Mortgage Banking Noninterest Income
(Unaudited)
Six Months Ended June 30,
Change
(dollar amounts in millions)
2026
2025
Amount
Percent
Net origination and secondary marketing income
$
80
$
44
$
36
82
%
Net mortgage servicing income
Loan servicing income
64
52
12
23
Amortization of capitalized servicing
(45)
(31)
(14)
(45)
Operating income
19
21
(2)
(10)
MSR valuation adjustment (1)
(3)
(15)
12
80
(Losses) gains due to MSR hedging
(12)
9
(21)
(233)
Net MSR risk management
(15)
(6)
(9)
—
Total net mortgage servicing income
4
15
(11)
(73)
All other
1
—
1
100
Mortgage banking income
$
85
$
59
$
26
44
%
Mortgage origination volume
$
5,904
$
4,011
$
1,893
47
%
Mortgage origination volume for sale
3,421
2,446
975
40
Third party mortgage loans serviced (2)
43,419
33,925
9,494
28
Mortgage servicing rights (2)
752
567
185
33
MSR % of investor servicing portfolio (2)
1.73
%
1.67
%
0.06
%
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.
23
Huntington Bancshares Incorporated
Year-To-Date Credit Reserves Analysis
(Unaudited)
Six Months Ended June 30,
(dollar amounts in millions)
2026
2025
Allowance for loan and lease losses, beginning of period
$
2,537
$
2,244
Loan and lease charge-offs
(364)
(244)
Recoveries of loans and leases previously charged off
134
92
Net loan and lease charge-offs
(230)
(152)
Provision for loan and lease losses
375
239
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition
322
—
Allowance on purchased seasoned loans and leases at acquisition (1)
245
—
Allowance for loan and lease losses, end of period
3,249
2,331
Allowance for unfunded lending commitments, beginning of period
206
202
Provision (benefit) for unfunded lending commitments
(85)
(18)
Allowance for unfunded lending commitments at acquisition
11
—
Allowance for unfunded lending commitments, end of period
132
184
Total allowance for credit losses, end of period
$
3,381
$
2,515
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases
1.72
%
1.73
%
Nonaccrual loans and leases (NALs)
204
277
Nonperforming assets (NPAs)
202
274
Total allowance for credit losses (ACL) as % of:
Total loans and leases
1.78
%
1.86
%
Nonaccrual loans and leases (NALs)
213
299
Nonperforming assets (NPAs)
210
295
(1) Reflects Huntington's October 1, 2025 adoption of Accounting Standards Update (ASU) 2025-08 applicable to purchased loans whereby non-PCD loans acquired in a business combination are deemed "purchased seasoned loans" and subject to the gross-approach resulting in recognition of an allowance for credit losses at acquisition.
24
Huntington Bancshares Incorporated
Year-To-Date Net Charge-Off Analysis
(Unaudited)
Six Months Ended June 30,
(dollar amounts in millions)
2026
2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial
$
120
$
80
Commercial real estate
5
(11)
Lease financing
(3)
6
Total commercial
122
75
Consumer:
Residential mortgage
4
1
Automobile
27
20
Home equity
1
—
RV and marine
13
12
Other consumer
63
44
Total consumer
108
77
Total net charge-offs
$
230
$
152
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial
0.28
%
0.28
%
Commercial real estate
0.04
(0.20)
Lease financing
(0.08)
0.22
Total commercial
0.21
0.20
Consumer:
Residential mortgage
0.02
0.01
Automobile
0.35
0.27
Home equity
0.02
0.01
RV and marine
0.47
0.39
Other consumer
5.08
4.87
Total consumer
0.32
0.27
Net charge-offs as a % of average loans and leases
0.25
%
0.23
%
25
Huntington Bancshares Incorporated
Year-To-Date Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)
(Unaudited)
At June 30,
(dollar amounts in millions)
2026
2025
Nonaccrual loans and leases (NALs):
Commercial and industrial
$
986
$
489
Commercial real estate
243
138
Lease financing
8
10
Residential mortgage
223
93
Automobile
7
5
Home equity
120
105
RV and marine
2
2
Total nonaccrual loans and leases
1,589
842
Other real estate, net
23
10
Other NPAs (1)
—
—
Total nonperforming assets
$
1,612
$
852
Nonaccrual loans and leases as a % of total loans and leases
0.84
%
0.62
%
NPA ratio (2)
0.85
0.63
(NPA+90days)/(Loan+OREO) (3)
1.08
0.81
Six Months Ended June 30,
(dollar amounts in millions)
2026
2025
Nonperforming assets, beginning of period
$
945
$
822
Acquired nonperforming assets
295
—
New nonperforming assets
1,140
593
Returns to accruing status
(88)
(58)
Charge-offs
(243)
(112)
Payments
(414)
(381)
Sales
(23)
(12)
Nonperforming assets, end of period
$
1,612
$
852
(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 owned.
26
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 0 | 0 | 0 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Not placed in the text
These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.
Theme · Credit quality deterioration
“Net charge-offs as a % of average loans and leases 0.25 % 0.26 % 0.20 %”
Theme · Deposit base growth
“Total deposits $222,466 $223,482 $176,610 — % 26 %”
Source: SEC EDGAR · public domain · Highlights by Palanor