2022 Third Quarter Earnings Review October 21, 2022 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2022 Huntington Bancshares Incorporated. Disclaimer 2 CAUTION REGARDING FORWARD-LOOKING STATEMENTS This communication contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and a ...

Part I [Financial Statements (Unaudited)](index=41&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents Huntington Bancshares Incorporated's unaudited condensed consolidated financial statements for Q2 2022, including Balance Sheets, Income, Comprehensive Income, Equity, and Cash Flows Condensed Consolidated Balance Sheet Highlights (June 30, 2022 vs. Dec 31, 2021) | Account | June 30, 2022 (in millions) | December 31, 2021 (in millions) | | :--- | :--- | :--- | | **Total Assets** | **$178,782** | **$174,064** | | Net Loans and Leases | $114,147 | $109,237 | | Total Securities (AFS & HTM) | $41,732 | $40,907 | | Goodwill | $5,571 | $5,349 | | **Total Liabilities** | **$160,803** | **$154,746** | | Total Deposits | $145,435 | $143,263 | | **Total Shareholders' Equity** | **$17,979** | **$19,318** | Condensed Consolidated Income Statement Highlights (Three Months Ended June 30) | Account | 2022 (in millions) | 2021 (in millions) | | :--- | :--- | :--- | | Net Interest Income | $1,261 | $838 | | Provision for Credit Losses | $67 | $211 | | Total Noninterest Income | $485 | $444 | | Total Noninterest Expense | $1,018 | $1,072 | | **Net Income (Loss) Attributable to Huntington** | **$539** | **($15)** | - The company adopted new accounting standards ASU 2021-08 (Business Combinations) and ASU 2022-01 (Derivatives and Hedging) during the second quarter of 2022, with no material impact on the consolidated financial statements[212](index=212&type=chunk) - On June 15, 2022, Huntington acquired Capstone Partners, a middle market investment bank, resulting in **$192 million** of goodwill[215](index=215&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=5&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the company's Q2 2022 financial condition and results, covering operational performance, risk management, capital adequacy, and business segment results [Executive Overview](index=6&type=section&id=Executive%20Overview) The executive overview highlights strong Q2 2022 performance driven by the TCF acquisition and organic growth, despite a decrease in the tangible common equity ratio Q2 2022 vs Q2 2021 Performance | Metric | Q2 2022 | Q2 2021 | Change | | :--- | :--- | :--- | :--- | | Net Income (Loss) | $539M | ($15M) | +$554M | | Diluted EPS | $0.35 | ($0.05) | +$0.40 | | Net Interest Income | $1.3B | $838M | +50% | | Provision for Credit Losses | $67M | $211M | -$144M | - Completed the acquisition of Torana (digital payments) in May 2022 and Capstone Partners (investment bank) in June 2022 to expand payments and advisory services[17](index=17&type=chunk)[18](index=18&type=chunk) - The tangible common equity to tangible assets ratio was **5.80%** at June 30, 2022, down **108 basis points** from December 31, 2021, primarily due to a decrease in AOCI from higher interest rates and the impact of acquisitions[23](index=23&type=chunk) [Discussion of Results of Operations](index=8&type=section&id=Discussion%20of%20Results%20of%20Operations) This section details Q2 2022 financial performance, highlighting a 50% rise in net interest income, a 9% increase in noninterest income, and a 5% decrease in noninterest expense Net Interest Income Drivers (Q2 2022 vs Q2 2021) | Metric | Change | Reason | | :--- | :--- | :--- | | FTE Net Interest Income | +$423 million (+50%) | $33.8 billion increase in average earning assets and 49 bps increase in NIM | | FTE Net Interest Margin (NIM) | 3.15% | Primarily due to Fed rate increases and absence of prior-year unfavorable mark-to-market on interest rate caps | - Noninterest income increased by **$41 million** (9%) YoY, driven by the TCF acquisition's full-quarter impact and a **54%** rise in capital markets fees. This was partially offset by a **$23 million** (34%) decrease in mortgage banking income[54](index=54&type=chunk) - Noninterest expense decreased by **$54 million** (5%) YoY, primarily due to a **$245 million** reduction in acquisition-related expenses, which more than offset the full-quarter impact of the TCF acquisition[60](index=60&type=chunk) - The provision for credit losses was **$67 million**, a decrease of **$144 million** from Q2 2021. The decrease is mainly attributed to the **$294 million** initial provision for the TCF acquisition in the prior-year quarter[50](index=50&type=chunk) [Risk Management and Capital](index=20&type=section&id=Risk%20Management%20and%20Capital) The company maintains a moderate-to-low risk appetite, demonstrating strong credit quality, robust liquidity, and capital ratios well above regulatory minimums - The company's Board of Directors defines its risk appetite as aggregate moderate-to-low, through-the-cycle, focusing on credit, market, liquidity, operational, and compliance risks[67](index=67&type=chunk) Key Risk & Capital Metrics (as of June 30, 2022) | Metric | Value | Note | | :--- | :--- | :--- | | Net Charge-offs (annualized) | 0.03% | Down from 0.28% in Q2 2021 | | Nonperforming Assets (NPA) Ratio | 0.59% | Down from 0.67% at Dec 31, 2021 | | Allowance for Credit Losses (ACL) | 1.87% of loans | Stable vs. 1.89% at Dec 31, 2021 | | CET1 Risk-Based Capital Ratio | 9.05% | Down from 9.33% at Dec 31, 2021 | [Business Segment Discussion](index=35&type=section&id=Business%20Segment%20Discussion) Most business segments showed significant net income growth in H1 2022, with Commercial Banking surging, while Vehicle Finance net income declined due to increased credit loss provisions Net Income by Business Segment (Six Months Ended June 30) | Segment | 2022 Net Income (in millions) | 2021 Net Income (in millions) | Change (in millions) | | :--- | :--- | :--- | :--- | | Commercial Banking | $560 | $167 | +$393 | | Consumer and Business Banking | $205 | $105 | +$100 | | Vehicle Finance | $62 | $161 | -$99 | | RBHPCG | $41 | $37 | +$4 | | Treasury / Other | $131 | $47 | +$84 | - Commercial Banking's net income growth was driven by an **85%** increase in net interest income and a **$218 million** decrease in the provision for credit losses[166](index=166&type=chunk) - Vehicle Finance's net income decreased by **$99 million**, primarily due to a **$132 million** swing in the provision for credit losses, from a benefit of **$53 million** in 2021 to a provision of **$79 million** in 2022[172](index=172&type=chunk) [Additional Disclosures](index=39&type=section&id=Additional%20Disclosures) This section includes standard disclosures, non-GAAP financial measure definitions, critical accounting policies, and an ACL sensitivity analysis under adverse economic scenarios - The company provides a sensitivity analysis for its Allowance for Credit Losses (ACL). A hypothetical 100% weighting to an adverse economic scenario would increase the quantitative ACL by approximately **$900 million** as of June 30, 2022[191](index=191&type=chunk) - The adverse scenario assumes higher inflation and a recession in Q3 2022, with unemployment rates reaching **6.4%** by end-of-2022 and **7.7%** by end-of-2023, significantly higher than the baseline forecasts of **3.3%** and **3.5%**, respectively[190](index=190&type=chunk) - The company uses non-GAAP measures such as Fully-Taxable Equivalent (FTE) basis for net interest income and tangible common equity ratios to provide additional insight into performance and capital adequacy[182](index=182&type=chunk)[183](index=183&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=89&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section refers to the MD&A's Market Risk section for quantitative and qualitative disclosures on market risk, including interest rate and price risk, and derivative usage - Disclosures regarding market risk for the current period are located in the Market Risk section of the MD&A in this report[378](index=378&type=chunk) [Controls and Procedures](index=89&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal controls - The CEO and CFO concluded that as of June 30, 2022, the company's disclosure controls and procedures were effective[379](index=379&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2022, that have materially affected, or are reasonably likely to materially affect, these controls[380](index=380&type=chunk) Part II [Legal Proceedings](index=89&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal and regulatory matters, with an estimated aggregate possible loss of **$0 to $15 million**, not expected to materially affect financial position - For matters where a range of possible loss can be estimated, management estimates the aggregate range of reasonably possible loss is **$0 to $15 million** as of June 30, 2022, in excess of any amounts already accrued[372](index=372&type=chunk) - Management does not believe that current pending matters will have a material adverse effect on the company's consolidated financial position[373](index=373&type=chunk) [Risk Factors](index=89&type=section&id=Item%201A.%20Risk%20Factors) This section highlights a new liquidity risk factor stemming from global economic instability, geopolitical matters, and financial market volatility, which could adversely affect operations - A new risk factor was identified regarding liquidity risks stemming from global economic instability and geopolitical matters[383](index=383&type=chunk) - Specific examples of this risk include uncertain trade negotiations and supply shortages leading to inflation, which could adversely affect the economy and the company's financial results[383](index=383&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=90&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2022, Huntington did not repurchase any common shares, and its **$150 million** share repurchase authorization expired on June 30, 2022 - No shares of common stock were repurchased during the second quarter of 2022[385](index=385&type=chunk) - The company's share repurchase authorization expired on June 30, 2022[386](index=386&type=chunk) [Exhibits](index=91&type=section&id=Item%206.%20Exhibits) This section provides an index of all exhibits filed with the Form 10-Q report, including corporate governance documents, CEO/CFO certifications, and XBRL data - The report includes certifications from the CEO and CFO as required by Rule 13a-14(a) and Section 1350[393](index=393&type=chunk) - Financial statements and notes are formatted in Inline XBRL, with the corresponding taxonomy files also filed as exhibits[392](index=392&type=chunk)

Huntington Bancshares Incorporated (NASDAQ:HBAN) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET Company Participants Tim Sedabres - Director, Investor Relations Steve Steinour - Chairman, President & Chief Executive Officer Zach Wasserman - Chief Financial Officer Rich Pohle - Chief Credit Officer Conference Call Participants John Pancari - Evercore Betsy Graseck - Morgan Stanley Steven Alexopoulos - JPMorgan Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America Jon Arfstrom - RBC Capital Ma ...

2022 Second Quarter Earnings Review July 21, 2022 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2022 Huntington Bancshares Incorporated. Disclaimer 2 CAUTION REGARDING FORWARD‐LOOKING STATEMENTS This communication contains certain forward‐looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are ...

Morgan Stanley U.S. Financials, Payments, & CRE Conference June 15, 2022 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2022 Huntington Bancshares Incorporated. Disclaimer 2 CAUTION REGARDING FORWARD‐LOOKING STATEMENTS This communication contains certain forward‐looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not h ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Huntington Bancshares Incorporated (Exact name of registrant as specified in its charter) Maryland 1-34073 31-0724920 (State or other jurisdiction of ...

Huntington Bancshares Incorporated (NASDAQ:HBAN) Q1 2022 Earnings Conference Call April 21, 2022 9:00 AM ET Company Participants Tim Sedabres - Director, Investor Relations Steve Steinour - Chairman, President & Chief Executive Officer Zach Wasserman - Chief Financial Officer Rich Pohle - Chief Credit Officer Conference Call Participants Betsy Graseck - Morgan Stanley John Pancari - Evercore Scott Siefers - Piper Sandler Ken Usdin - Jefferies Jon Arfstrom - RBC Matt O'Connor - Deutsche Bank Erika Najarian - ...

2022 First Quarter Earnings Review April 21, 2022 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2022 Huntington Bancshares Incorporated. Disclaimer 2 CAUTION REGARDING FORWARD-LOOKING STATEMENTS This communication contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________________________________________________________________________________________________________________________ FORM 10-K _________________________________________________________________________________________________________________________________________________________________________ ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchan ...

Huntington Bancshares Incorporated (NASDAQ:HBAN) Q4 2021 Earnings Conference Call January 21, 2022 8:30 AM ET Company Participants Tim Sedabres - Director, Investor Relations Steve Steinour - Chairman, President and Chief Executive Officer Zach Wasserman - Chief Financial Officer and SEVP Rich Pohle - EVP and Chief Credit Officer Conference Call Participants Ebrahim Poonawala - Bank of America Scott Siefers - Piper Sandler Steven Alexopoulos - JPMorgan Ken Usdin - Jefferies Jon Arfstrom - RBC Capital Market ...