Huntington Bancshares 盘前发布2026年三季报：调整后EPS 0.38美元，息差改善但非息收入走弱、信贷指标恶化

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________________________________________________________________________
FORM
8-K
_______________________________________________________________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 22, 2026
______________________________________________________________________________________________________________________________
Huntington Bancshares Incorporated
(Exact name of registrant as specified in its charter)
_______________________________________________________________________________________________________________________________
Maryland
1-34073
31-0724920
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
Registrant's address:
41 South High Street
,
Columbus
,
Ohio
43287
Registrant’s telephone number, including area code: (
614
)
480-2265
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
_______________________________________________________________________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Depositary Shares (each representing a 1/40th interest in a share of 4.500% Series H Non-Cumulative, perpetual preferred stock)
HBANP
The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/1000th interest in a share of 5.70% Series I Non-Cumulative, perpetual preferred stock)
HBANM
The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 6.875% Series J Non-Cumulative, perpetual preferred stock)
HBANL
The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/1000th interest in a share of 5.50% Series L Non-Cumulative, perpetual preferred stock)
HBANZ
The Nasdaq Stock Market LLC
Common Stock—Par Value $0.01 per Share
HBAN
The Nasdaq Stock Market LLC
Nasdaq Texas, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§24012b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item  2.02.     Results of Operations and Financial Condition.
On October 22, 2026, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended September 30, 2026. Also on October 22, 2026, Huntington made a Quarterly Financial Supplement available in the Investor Relations section of Huntington’s website. Copies of Huntington's news release and quarterly financial supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated by reference in this Item 2.02.
Huntington’s senior management will host an earnings conference call on October 22, 2026, a
t 9:00 a.m.
(Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington-ir
.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13762987. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through October 30, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13762987.
Caution Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements
which are not historical facts and are subject to numerous assumptions, risks, estimates, and uncertainties that are beyond the control of Huntington.
Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements or historical performance: changes in general economic, political, regulatory, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages; instability in global economic conditions and geopolitical conditions, including U.S. direct involvement in war and other conflicts, as well as volatility in financial markets; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as Federal Deposit Insurance Corporation ("FDIC") special assessments, long-term debt requirements and heightened capital requirements; potential impacts to macroeconomic conditions, which could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; unexpected outflows of deposits which may require us to sell investment securities at a loss; changing interest rates which could negatively impact the value of our portfolio of investment securities; the loss of value of our investment portfolio which could negatively impact market perceptions of us and could lead to deposit withdrawals; market perceptions of us and banks generally, including from the effects of social media; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System ("Federal Reserve"); volatility and disruptions in global capital, foreign exchange, and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services including those implementing our “Fair Play” banking philosophy;
introduction of new competitive products, such as stablecoins, and new competitors, such as financial technology companies and other “nontraditional” bank competitors;
changes in policies and standards for regulatory review of bank mergers; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, and state-level regulators;
the possibility that the anticipated benefits of recent or
proposed acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy and competitive factors in the areas where the companies do business;
and other factors that may affect the future results of Huntington.
All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws.
If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements.
As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the “Forward-Looking Statements” and “Risk Factors” of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.
The information contained or incorporated by reference in Item 2.02 of this Form 8-K shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Item  9.01.     Financial Statements and Exhibits.
The exhibits referenced below shall be treated as “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
(d)
Exhibits.
Exhibit No.
Description
Exhibit 99.1
News release of Huntington Bancshares Incorporated, dated
October
2
2
, 2026
Exhibit 99.2
Quarterly Financial Supplement,
September
30, 2026
Exhibit 104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HUNTINGTON BANCSHARES INCORPORATED
Date:
October 22, 2026
By:
/s/ Zachary Wasserman
Zachary Wasserman
Chief Financial Officer

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EX-99.1
2
hban20260930_8kex991.htm
EX-99.1
Document
Exhibit 99.1
Huntington Bancshares Incorporated Reports 2026 Third-Quarter Earnings
Key Q3 Financial Data
Key Q3 Highlights
($ in millions, except per share data)
3Q26
2Q26
3Q25
•
EPS of $0.33, unchanged for the quarter
•
Adjusted EPS
(1)
, which excludes the impact of Notable Items (as detailed in "Notable Items Influencing Earnings") was $0.38, down $0.01 from the prior quarter
•
ROTCE
(1)
of 14.6% and adjusted ROTCE
(1)(2)
of 16.6%
•
Net interest income increased 1% quarter-over-quarter; NIM of 3.25% was up 4 basis points driven by higher yields on investment securities and modestly lower overall net funding costs
•
Noninterest income
decreased
8%
quarter-over-quarter, largely due to lower capital markets fees and unfavorable equity valuation adjustments
•
Noninterest expense, excluding the impact of acquisition-related expenses, remained flat quarter-over-quarter
•
Average total loans and leases were down 0.4% compared to the prior quarter driven by declines in CRE and total consumer loans, partially offset by higher C&I loans
•
Average total deposits increased 0.2% quarter-over-quarter, with higher money market and interest-bearing demand balances, partially offset by lower time deposits
•
Maintained strong capital position, with CET1 risk-based capital ratio of 10.1%
(3)
, adjusted CET1
(1)
risk-based capital ratio of 8.9%
(3)
, and TCE
(1)
ratio of 6.9%
•
TBV per common share
(1)
of $9.47 was down $0.18, or 2%, from the prior quarter, largely due to the impact of market interest rates unfavorably impacting AOCI
•
Repurchase
d $100 million of common shares, bringing the total to $409 million and representing approximately 25 million shares repurchased year‑to‑date
Summary Income Statement
Net interest income
$
2,069
$
2,052
$
1,506
Net interest income - FTE
(1)
2,090
2,072
1,523
Noninterest income
722
785
628
Total revenue
2,791
2,837
2,134
Total revenue - FTE
(1)
2,812
2,857
2,151
Noninterest expense
1,772
1,809
1,246
Net income applicable to common shares
680
686
602
PPNR
(1)
1,040
1,048
905
Key Metrics
Diluted EPS
$
0.33
$
0.33
$
0.41
TBV per common share
(1)
9.47
9.65
9.54
Return on average assets
1.01
%
1.02
%
1.19
%
ROCE
9.1
9.3
12.4
ROTCE
(1)
14.6
15.1
17.8
Adjusted ROTCE
(1)(2)
16.6
17.5
17.4
Net interest margin - FTE
3.25
3.21
3.13
Efficiency ratio
(1)
61.2
61.5
57.4
TCE ratio
(1)
6.9
7.1
6.8
CET1 ratio
(3)
10.1
10.0
10.6
Adjusted CET1 ratio
(1)(3)
8.9
9.0
9.2
NCO ratio
0.31
0.25
0.22
NPA ratio
0.90
0.85
0.60
ACL ratio
1.75
1.78
1.86
Average Balances
Earning assets
$
255,274
$
258,600
$
192,732
Loans and leases
188,449
189,255
135,944
Deposits
223,816
223,403
164,812
CEO Commentary
"Huntington delivered a solid quarter, reflecting disciplined execution and continued business momentum across the franchise," said Steve Steinour, Huntington chairman and chief executive officer. "We are also seeing increasing benefits from our recent partnerships with Veritex and Cadence, and are achieving our targeted cost and revenue synergies. Our results reflect our disciplined growth strategy, in line with our aggregate moderate-to-low risk profile, and give us confidence that we are on track to meet our financial targets and deliver sustained growth in earnings, tangible book value and long-term shareholder returns."
Contact
Analysts:
Eric Wasserstrom (huntington.investor.relations@huntington.com), 614.480.5676
Media:
Tracy Pesho (media@huntington.com), 216.276.3301
(1)
Represents a non-GAAP financial measure. For additional details, see the "Use of Non-GAAP Financial Measures" section of this release and reconciliations to the comparable GAAP financial measure included in this release or Huntington's Quarterly Financial Supplement.
(2)
Represents ROTCE, excluding the impact of Notable Items.
(3)
Preliminary at September 30, 2026.
Notable Items Influencing Earnings
The following table details certain items that we believe are important to understanding corporate performance and trends (see Basis of Presentation).
Pretax Impact
(1)
After-tax Impact
(1)
($ in millions, except per share)
Amount
Net Income
EPS
(2)
Three Months Ended September 30, 2026
Net income and EPS (GAAP)
$
721
$
0.33
•
Acquisition-related expenses
$
(117)
(92)
(0.05)
•
Acquired equity security conversion adjustment
(8)
(6)
—
Adjusted net income and EPS (non-GAAP)
$
819
$
0.38
Three Months Ended June 30, 2026
Net income and EPS (GAAP)
$
727
$
0.33
•
Acquisition-related expenses
$
(152)
(116)
(0.06)
Adjusted net income and EPS (non-GAAP)
$
843
$
0.39
Three Months Ended September 30, 2025
Net income and EPS (GAAP)
$
629
$
0.41
•
Acquisition-related expenses
$
(14)
(11)
(0.01)
•
FDIC DIF special assessment
(3)
6
5
0.01
•
Gain on sale of a portion of a corporate trust and custody business
24
19
0.01
Adjusted net income and EPS (non-GAAP)
$
616
$
0.40
(1)
Favorable (unfavorable) impact.
(2)
EPS reflected on a fully diluted basis.
(3)
Represents the updated estimates on the uninsured deposit losses and recoverable assets related to the FDIC DIF special assessment. These amounts are recorded in other noninterest expense.
2
Net Interest Income, Net Interest Margin, and Average Balance Sheet
Net Interest Income, Net Interest Margin, Average Balances, and Yields/Rates
($ in millions)
Quarter Ended
Change
3Q26
2Q26
3Q25
LQ
YOY
Net interest income
$
2,069
$
2,052
$
1,506
$
17
1
%
$
563
37
%
FTE adjustment
21
20
17
1
5
4
24
Net interest income - FTE
(1)
$
2,090
$
2,072
$
1,523
$
18
1
$
567
37
Net interest margin
3.25
%
3.21
%
3.13
%
4
bps
12
bps
Average Balances
Total earning assets
$
255,274
$
258,600
$
192,732
$
(3,326)
(1)
%
$
62,542
32
%
Total loans and leases
188,449
189,255
135,944
(806)
—
52,505
39
Total investment and other securities
50,593
50,913
43,443
(320)
(1)
7,150
16
Total interest-bearing liabilities
202,959
206,253
154,504
(3,294)
(2)
48,455
31
Total interest-bearing deposits
183,662
183,395
135,804
267
—
47,858
35
Yields / Rates
(1)
Total earning assets
5.30
%
5.28
%
5.39
%
2
bps
(9)
bps
Total loans and leases
5.84
5.84
5.96
—
bps
(12)
bps
Total investment and other securities
3.59
3.47
3.72
12
bps
(13)
bps
Total interest-bearing liabilities
2.58
2.59
2.81
(1)
bps
(23)
bps
Total interest-bearing deposits
2.31
2.29
2.43
2
bps
(12)
bps
Total cost of deposits
1.90
1.88
2.00
2
bps
(10)
bps
(1)
Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. See Page 6 of Quarterly Financial Supplement for additional yield/rate detail.
Fully-taxable equivalent (FTE) net interest income for the third quarter increased $18 million, or 1%, from the prior quarter, driven by a 4 basis point increase in the net interest margin (NIM). The increase
in NIM reflected higher earning-asset yields, primarily from reinvestment into higher yielding investment securities, and a decrease in average total borrowings, partially offset by higher deposit costs.
•
Average earning assets decreased
$3.3 billion, or 1%
, primarily due to a
$2.7 billion, or 16%, decrease in interest-earning deposits with banks and a $806 million
decrease in average loans and leases.
•
The yield on total investment and other securities
increased quarter-over-quarter.
•
Average interest-bearing liabilities decreased
$3.3 billion
, or
2%
, primarily due to a
$3.6 billion, or 16%, decrease in average total borrowings, partially offset by a $267 million
increase in interest-bearing deposits.
•
The average cost of total deposits
increased 2 basis points
quarter-over-quarter.
Fully-taxable equivalent (FTE) net interest income for the third quarter increased $567 million, or 37%, from the year-ago quarter, driven by higher average earning assets and an increase in NIM, partially offset by higher interest-bearing liabilities. NIM was 3.25%, up 12 basis points, reflecting a decrease in deposit costs, partially offset by lower earning-asset yields.
•
Average earning assets increased $62.5 billion, or 32%, primarily due to a $52.5 billion, or 39%, increase in average loans and leases driven by loans acquired in the Cadence and Veritex acquisitions, in addition to organic loan growth.
•
The yield on the total loan and lease portfolio was
5.84%
, a decrease of
12
basis points.
•
Average interest-bearing liabilities increased $48.5 billion, or 31%, primarily due to a $47.9 billion, or 35%, increase in interest-bearing deposits driven by deposits acquired in the Cadence and Veritex acquisitions, in addition to organic deposit growth.
•
The average cost of total deposits was 1.90%, a decrease of
10
basis points.
3
Average Loans and Leases
($ in billions)
Quarter Ended
Change
3Q26
2Q26
3Q25
LQ
YOY
Total loans and leases:
Commercial and industrial
$
90.9
$
90.4
$
61.4
$
0.6
1
%
$
29.5
48
%
Commercial real estate
23.1
23.9
10.7
(0.9)
(4)
12.4
116
Lease financing
5.7
5.7
5.5
—
—
0.2
4
Total commercial
119.7
120.0
77.6
(0.3)
—
42.1
54
Residential mortgage
33.2
33.5
24.5
(0.3)
(1)
8.7
35
Automobile
15.3
15.7
15.7
(0.3)
(2)
(0.4)
(2)
Home equity
11.9
11.9
10.3
—
—
1.6
16
RV and marine
5.7
5.6
5.9
0.1
2
(0.1)
(2)
Other consumer
2.6
2.5
2.0
0.1
2
0.6
30
Total consumer
68.7
69.2
58.3
(0.5)
(1)
10.4
18
Total loans and leases
$
188.4
$
189.3
$
135.9
$
(0.8)
—
%
$
52.5
39
%
See Page 4 of Quarterly Financial Supplement for additional detail.
Average total loans and leases decreased $806 million
quarter-over-quarter.
•
Average commercial loan balances decreased $303 million, primarily driven by an $854 million, or 4%, decrease in average commercial real estate loans, partially offset by a $553 million, or 1%, increase in average commercial and industrial loans.
•
Average consumer loans decreased $503 million, or 1%, primarily driven by a $332 million, or 1%, decrease in average residential mortgage and a $311 million
, or
2%
, decrease in average automobile loans.
Average total loans and leases increased $52.5 billion, or 39%, from the year-ago quarter, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic loan growth over the last year.
•
Average commercial loans increased $42.1 billion, or 54%, primarily driven by a $29.5 billion, or 48%, increase in average commercial and industrial loans and a $12.4 billion, or 116%, increase in average commercial real estate loans.
•
Average consumer loans increased $10.4 billion, or 18%, primarily driven by a $8.7 billion, or 35% increase in average residential mortgage loans and a $1.6 billion, or 16%, increase in average home equity loans.
4
Average Deposits
Quarter Ended
Change
($ in billions)
3Q26
2Q26
3Q25
LQ
YOY
Total deposits:
Demand deposits - noninterest-bearing
$
40.2
$
40.0
$
29.0
$
0.1
—
%
$
11.1
38
%
Demand deposits - interest-bearing
63.7
62.4
46.0
1.3
2
17.7
39
Total demand deposits
103.9
102.4
75.0
1.5
1
28.9
38
Money market deposits
77.4
75.3
62.0
2.0
3
15.3
25
Savings deposits
18.8
18.9
15.0
(0.1)
(1)
3.8
25
Time deposits
23.8
26.8
12.8
(3.0)
(11)
11.0
86
Total deposits
$
223.8
$
223.4
$
164.8
$
0.4
—
%
$
59.0
36
%
See Page 5 of Quarterly Financial Supplement for additional detail.
Average total deposits increased
$413 million
compared to the prior quarter.
•
Average interest-bearing deposits increased $267 million.
•
Average noninterest-bearing deposits increased $146 million.
Average total deposits increased
$59.0 billion
, or 36%, from the year-ago quarter
, largely due to the impact of the Cadence and Veritex acquisitions, in addition to organic deposit growth over the last year
.
•
Average interest-bearing deposits increased $47.9 billion, or 35%.
•
Average noninterest-bearing deposits increased $11.1 billion, or 38%.
5
Noninterest Income
Noninterest Income
Quarter Ended
Change
($ in millions)
3Q26
2Q26
3Q25
LQ
YOY
Payments and cash management revenue
$
211
$
204
$
174
$
7
3
%
$
37
21
%
Wealth and asset management revenue
131
134
104
(3)
(2)
27
26
Customer deposit and loan fees
124
128
102
(4)
(3)
22
22
Capital markets and advisory fees
122
140
94
(18)
(13)
28
30
Mortgage banking income
45
53
43
(8)
(15)
2
5
Net gains (losses) on sales of securities
—
2
—
(2)
NM
—
—
Other noninterest income
(1)
89
124
111
(35)
(28)
(22)
(20)
Total noninterest income
$
722
$
785
$
628
$
(63)
(8)
%
$
94
15
%
Impact of Notable Items (included in other noninterest income):
Gain on sale of a portion of corporate trust and custody business
$
—
$
—
$
24
$
—
NM
$
(24)
NM
Acquired equity security conversion adjustment
(8)
—
—
(8)
NM
(8)
NM
Total adjusted noninterest income (Non-GAAP)
$
730
$
785
$
604
$
(55)
(7)
%
$
126
21
%
Additional information:
Impact of mark-to-market and premiums from credit risk transfer transactions (included in other noninterest income)
$
11
$
8
$
(2)
$
3
38
%
$
13
NM
NM - Not Meaningful
(1)
In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income. Prior period amounts have been revised to conform with the current period presentation.
Noninterest income decreased $63 million, or
8%
, from the prior quarter. Excluding the impact of Notable Items, noninterest income decreased $55 million, or
7%
, from the prior quarter.
•
Capital markets and advisory fees decreased primarily due to lower underwriting and advisory fees.
•
Other noninterest income decreased due largely to unfavorable valuation changes for strategic investment and other investments and a decrease in leasing revenue.
Compared with the year-ago quarter, noninterest income increased $94 million, or
15%. Excluding the impact of Notable Items, noninterest income increased
$126 million
, or 21%, over the year-ago quarter.
•
The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.
•
Payments and cash management revenue increased driven by higher cash management and interchange revenue.
•
Capital markets and advisory fees increased primarily due to fees from the legacy business and the impact of Janney and TM Capital, in addition to higher syndication fees.
•
Wealth and asset management revenue increased due largely to higher investment management and trust income.
•
Customer deposit and loan fees increased driven by increases in loan commitment fees and the volume of personal service charges
.
6
Noninterest Expense
Noninterest Expense
Quarter Ended
Change
($ in millions)
3Q26
2Q26
3Q25
LQ
YOY
Personnel costs
$
990
$
1,010
$
757
$
(20)
(2)
%
$
233
31
%
Outside data processing and other services
290
326
198
(36)
(11)
92
46
Equipment
79
96
66
(17)
(18)
13
20
Net occupancy
96
90
57
6
7
39
68
Professional services
38
31
31
7
23
7
23
Marketing
54
38
34
16
42
20
59
Amortization of intangibles
49
54
11
(5)
(9)
38
345
Other noninterest expense
(1)
176
164
92
12
7
84
91
Total noninterest expense
$
1,772
$
1,809
$
1,246
$
(37)
(2)
%
$
526
42
%
(in thousands)
Average full-time equivalent employees
25.9
26.4
20.2
(0.5)
(2)
%
5.7
28
%
(1)
In the third quarter of 2026, we reclassified deposit and other insurance expense and lease financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.
7
Impact of Notable Items
Quarter Ended
($ in millions)
3Q26
2Q26
3Q25
Personnel costs
$
33
$
38
$
—
Outside data processing and other services
52
74
3
Equipment
2
15
1
Net occupancy
10
2
—
Professional services
5
4
9
Marketing
2
8
—
Other noninterest expense
13
11
(5)
Total noninterest expense
$
117
$
152
$
8
Acquisition-related expenses included in Notable Items
$
117
$
152
$
14
Adjusted Noninterest Expense (Non-GAAP)
Quarter Ended
Change
($ in millions)
3Q26
2Q26
3Q25
LQ
YOY
Personnel costs
$
957
$
972
$
757
$
(15)
(2)
%
$
200
26
%
Outside data processing and other services
238
252
195
(14)
(6)
43
22
Equipment
77
81
65
(4)
(5)
12
18
Net occupancy
86
88
57
(2)
(2)
29
51
Professional services
33
27
22
6
22
11
50
Marketing
52
30
34
22
73
18
53
Amortization of intangibles
49
54
11
(5)
(9)
38
345
Other noninterest expense
163
153
97
10
7
66
68
Total adjusted noninterest expense
$
1,655
$
1,657
$
1,238
$
(2)
(—)
%
$
417
34
%
Noninterest expense, excluding the impact of Notable Items, decreased $2 million from the prior quarter.
•
Personnel costs decreased primarily due to lower
salary, benefit, and incentive compensation expense
.
•
Outside data processing and other services decreased primarily reflecting lower technology and data expense
.
•
Marketing expense increased due largely to higher levels of expense in our expanding geographic areas.
Compared with the year-ago quarter, noninterest expense, excluding the impact of Notable Items, increased $417 million, or
34%.
•
The third quarter of 2026 included the full quarter impact of the Cadence and Veritex acquisitions.
•
Personnel costs increased primarily due to
higher salary and benefit expense
.
•
Outside data processing and other services increased primarily reflecting higher technology and data expense
.
•
Amortization of intangibles increased primarily due to the impact of the addition of core deposit intangibles from the acquisitions.
•
Net occupancy increased largely due to higher lease and depreciation expense.
•
Other noninterest expense increased primarily due to an increased volume of expense activity driven by the impact of the acquisitions.
8
Credit Quality
Credit Quality Metrics
2026
2025
($ in millions)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Total nonaccrual loans and leases
$
1,697
$
1,589
$
1,332
$
931
$
808
Total other real estate, net
25
23
22
13
10
Other NPAs
(1)
—
—
3
1
3
Total nonperforming assets
1,722
1,612
1,357
945
821
Accruing loans and leases past due 90+ days
477
443
421
282
234
NPAs + accruing loans & leases past due 90+ days
$
2,199
$
2,055
$
1,778
$
1,227
$
1,055
NAL ratio
(2)
0.89
%
0.84
%
0.71
%
0.62
%
0.59
%
NPA ratio
(3)
0.90
0.85
0.72
0.63
0.60
(NPAs+90 days)/(Loans+OREO)
1.15
1.08
0.94
0.82
0.76
Provision for credit losses
$
123
$
132
$
158
$
123
$
122
Net charge-offs
146
119
111
89
75
Net charge-offs / Average total loans and leases
0.31
%
0.25
%
0.26
%
0.24
%
0.22
%
Allowance for loans and lease losses (ALLL)
$
3,222
$
3,249
$
3,243
$
2,537
$
2,374
Allowance for unfunded lending commitments
136
132
125
206
188
Allowance for credit losses (ACL)
$
3,358
$
3,381
$
3,368
$
2,743
$
2,562
ALLL as a % of:
Total loans and leases
1.68
%
1.72
%
1.72
%
1.70
%
1.72
%
NALs
190
204
243
272
294
NPAs
187
202
239
269
289
ACL as a % of:
Total loans and leases
1.75
%
1.78
%
1.78
%
1.83
%
1.86
%
NALs
198
213
253
295
317
NPAs
195
210
248
290
312
(1)
Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.
(2)
Total NALs as a % of total loans and leases.
(3)
Total NPAs as a % of sum of loans and leases, other real estate owned, and other NPAs.
See Pages 9-11 of Quarterly Financial Supplement for additional detail.
NPAs totaled $1.7 billion at September 30, 2026, an increase of $110 million from the prior quarter primarily driven by increases in commercial and industrial, commercial real estate, and residential mortgage NALs. Compared to a year ago, NPAs were up $901 million driven by increases in commercial and industrial, residential mortgage, commercial real estate, and home equity NALs, including NALs acquired as part of the Cadence and Veritex transactions.
The provis
ion for credit losses was $123 million in the 2026 third quarter, a decrease of $9 million quarter-over-quarter and an increase of $1 million year-over-year. NCOs of $146 million increased $27 million quarter-over-quarter and $71 million year-over-year. NCOs represented an annualized 0.31% of average loans and leases in the current quarter, up from 0.25% in the prior quarter and
0.22% in
the year-ago quarter. Commercial and consumer net charge-offs were 0.27% and 0.38%, respectively, for the 2026 third quarter.
The ALLL was $3.2 billion and the ACL was $3.4 billion at September 30, 2026. The ACL ratio was 1.75% at September 30, 2026, 3 basis points lower than the prior quarter and 11 basis points lower than a year-ago.
9
Capital
Capital Ratios
2026
2025
($ in billions)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Tangible common equity / tangible assets ratio
6.9
%
7.1
%
7.0
%
7.1
%
6.8
%
Common equity tier 1 risk-based capital ratio
(1)
10.1
10.0
10.2
10.4
10.6
Regulatory Tier 1 risk-based capital ratio
(1)
11.5
11.3
11.6
12.0
12.4
Regulatory Total risk-based capital ratio
(1)
13.7
13.6
13.8
14.2
14.7
Total risk-weighted assets
(1)
$
214.5
$
214.1
$
208.1
$
166.7
$
150.2
(1)
Preliminary at September 30, 2026.
See Pages 12-13 of Quarterly Financial Supplement for additional detail.
The tangible common equity to tan
gible assets ratio was 6.9% at September 30, 2026, compared to 7.1% at June 30, 2026, with the decrease
primarily due to a decline in accumulated other comprehensive income from higher market interest rates, as well as an increase in tangible assets driven by higher interest-earning deposits with banks, partially offset by current period earnings, net of dividends and share repurchases
. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.1% at September 30, 2026, compared to 10.0%
at June 30, 2026, with the increase driven by current period earnings, net of dividends, partially offset by the impact of share repurchases and modestly higher risk-weighted assets.
Income Taxes
The provision for income taxes was $172 million in the 2026 third quarter, compared to $165 million in the 2026 second quarter. The effective tax rate for the 2026 third quarter was 19.3%, compared to 18.4%
for the
2026 second quarter
. The increase in the effective tax rate was primarily driven by higher non-deductible expenses in the current quarter.
Conference Call / Webcast Information
Huntington’s senior management will host an earnings conference call on October 22, 2026,
at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website, www.huntington-ir.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13762987. Slides will be available in the Investor Relations section of Huntington’s website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington’s website. A telephone replay will be available approximately two hours after the completion of the call through October 30, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13762987.
Please see the 2026 Third Quarter Quarterly Financial Supplement for additional detailed finan
cial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington-ir.com.
About Huntington
Huntington Bancshares Incorporated is a $288 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates approximately 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.
10
Caution Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements
which are not historical facts and are subject to numerous assumptions, risks, estimates, and uncertainties that are beyond the control of Huntington
. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements or historical performance: changes in general economic, political, regulatory, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages; instability in global economic conditions and geopolitical conditions, including U.S. direct involvement in war and other conflicts, as well as volatility in financial markets; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as Federal Deposit Insurance Corporation ("FDIC") special assessments, long-term debt requirements and heightened capital requirements; potential impacts to macroeconomic conditions, which could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; unexpected outflows of deposits which may require us to sell investment securities at a loss; changing interest rates which could negatively impact the value of our portfolio of investment securities; the loss of value of our investment portfolio which could negatively impact market perceptions of us and could lead to deposit withdrawals; market perceptions of us and banks generally, including from the effects of social media; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System ("Federal Reserve"); volatility and disruptions in global capital, foreign exchange, and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services including those implementing our “Fair Play” banking philosophy;
introduction of new competitive products, such as stablecoins, and new competitors, such as financial technology companies and other “nontraditional” bank competitors;
changes in policies and standards for regulatory review of bank mergers; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, and state-level regulators;
the possibility that the anticipated benefits of recent or proposed acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy and competitive factors in the areas where the companies do business;
and other factors that may affect the future results of Huntington.
11
All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws.
If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements.
As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the "Forward-Looking Statements" and "Risk Factors" of Huntington’s Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2026 and June 30, 2026, as filed with the SEC and available on its website at www.sec.gov.
Basis of Presentation
Use of Non-GAAP Financial Measures
This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s 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 in this document, the financial supplement, conference call slides, or the Form 8-K related to this document, all of which can be found in the Investor Relations section of Huntington’s website, http://www.huntington-ir.com.
Annualized Data
Certain returns, yields, performance ratios, or quarterly growth rates are presented on an “annualized” basis.
This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts.
For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%.
As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.
Fully-Taxable Equivalent Interest Income and Net Interest Margin
Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities, and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.
Rounding
Please note that items in this document may not add due to rounding.
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.
12
Glossary of Acronyms
ACL
Allowance for Credit Losses
Adjusted CET1
CET1, including the impact of AOCI, excluding cash flow hedges
ALLL
Allowance for Loan and Lease Losses
AOCI
Accumulated Other Comprehensive Income
Cadence
Cadence Bank
CEO
Chief Executive Officer
CET1
Common Equity Tier 1
CRE
Commercial Real Estate
C&I
Commercial and Industrial
DIF
Deposit Insurance Fund
EPS
Earnings Per Common Share
FDIC
Federal Deposit Insurance Corporation
FTE
Fully Taxable Equivalent
GAAP
Generally Accepted Accounting Principles
LQ
Linked Quarter
NAL
Nonaccrual Loan
NCI
Non-controlling Interest
NCO
Net Charge-Off
NIM
Net Interest Margin
NPA
Nonperforming Asset
OREO
Other Real Estate Owned
PPNR
Pre-Provision Net Revenue
ROCE
Return on Average Common Equity
ROTCE
Return on Average Tangible Common Equity
SEC
Securities and Exchange Commission
TBV
Tangible Book Value
TCE
Tangible Common Equity
Veritex
Veritex Holdings, Inc. and Veritex Community Bank
YOY
Year-Over-Year
13

----- hban20260930_8kex992.htm -----
EX-99.2
3
hban20260930_8kex992.htm
EX-99.2
Document
Exhibit 99.2
HUNTINGTON BANCSHARES INCORPORATED
Quarterly Financial Supplement
September 30, 2026
Table of Contents
Financial Highlight
s
1
Consolidated Balance Sheets
3
Loans and Leases Composition
4
Deposits Composition
5
Quarterly Average Balances and Rates
6
Year-to-Date Average Balances and Rates
7
Selected Income Statement Data
8
Credit Reserves Analysis
9
Net Charge-Off Analysis
10
Nonperforming Assets (NPAs)
11
Capital Under Current Regulatory Standards (Basel III)
12
Non-Regulatory Capital
and Other Data
13
Reconciliation of Non-GAAP Financial Measures
14
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 Ratio
s
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
Financial Highlights
(Unaudited)
Three Months Ended
Year-to-Date
(dollar amounts in millions, except per share data, share count in millions)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
2026
2026
2026
2025
2025
2026
2025
Summary Income Statement:
Net interest income - FTE
(1)
$
2,090
$
2,072
$1,910
$1,609
$
1,523
$
6,072
$
4,447
FTE adjustment
(21)
(20)
(19)
(17)
(17)
(60)
(48)
Net interest income
2,069
2,052
1,891
1,592
1,506
6,012
4,399
Provision for credit losses
123
132
158
123
122
413
340
Noninterest income
722
785
682
582
628
2,189
1,593
Noninterest expense
1,772
1,809
1,774
1,420
1,246
5,355
3,595
Income before income taxes
896
896
641
631
766
2,433
2,057
Provision for income taxes
172
165
114
108
133
451
351
Income after income taxes
724
731
527
523
633
1,982
1,706
Income attributable to NCI
3
4
4
4
4
11
14
Net income attributable to Huntington
721
727
523
519
629
1,971
1,692
Dividends on preferred shares
41
41
41
43
27
123
81
Net income applicable to common shares
$
680
$
686
$
482
$
476
$
602
$
1,848
$
1,611
Key Metrics and Ratios:
Net income per common share - diluted
$
0.33
$
0.33
$
0.25
$
0.30
$
0.41
$
0.92
$
1.09
Cash dividends declared per common share
0.155
0.155
0.155
0.155
0.155
0.465
0.465
TBV per common share - period end
(2)
9.47
9.65
9.55
9.89
9.54
TCE ratio - period end
(3)
6.9
%
7.1
%
7.0
%
7.1
%
6.8
%
Return on average assets
1.01
1.02
0.81
0.93
1.19
0.95
%
1.09
%
Return on average common shareholders’ equity
9.1
9.3
7.2
8.9
12.4
8.6
11.6
ROTCE
(4)
14.6
15.1
11.6
12.7
17.8
13.8
16.9
Net interest margin
(1)
3.25
3.21
3.24
3.15
3.13
3.23
3.12
Efficiency ratio
(5)
61.2
61.5
67.2
64.2
57.4
63.2
58.4
Effective tax rate
19.3
18.4
17.8
17.2
17.4
18.5
17.0
CET1 ratio - period end
(6)
10.1
10.0
10.2
10.4
10.6
Adjusted CET1 ratio - period end
(7)
8.9
9.0
9.2
9.2
9.2
Average and Ending Balance Information:
Average total assets
$
282,262
$
284,481
$
262,170
$
220,230
$
209,727
$
276,378
$
207,572
Average earning assets
255,274
258,600
238,973
202,511
192,732
251,009
190,724
Average loans and leases
188,449
189,255
174,216
146,607
135,944
184,026
133,344
Average total deposits
223,816
223,403
204,616
173,156
164,812
217,348
163,292
Average Huntington shareholders’ equity
32,656
32,555
29,896
23,896
21,348
31,713
20,636
Average common shareholders' equity
29,776
29,675
27,050
21,165
19,197
28,843
18,592
Average tangible common shareholders' equity
19,546
19,404
18,024
15,150
13,587
18,997
12,970
Total assets - period end
287,833
283,984
285,372
225,106
210,228
Total Huntington shareholders’ equity - period end
32,179
32,624
32,535
24,342
22,248
Average common shares - basic
2,019
2,021
1,869
1,544
1,459
1,971
1,457
Average common shares - diluted
2,047
2,048
1,901
1,570
1,485
1,999
1,483
Common shares outstanding - period end
2,015
2,020
2,027
1,568
1,459
Credit Quality:
NCOs as a % of average loans and leases
0.31
%
0.25
%
0.26
%
0.24
%
0.22
%
0.27
%
0.23
%
NAL ratio - period end
0.89
0.84
0.71
0.62
0.59
NPA ratio - period end
(8)
0.90
0.85
0.72
0.63
0.60
Allowance for loan and lease losses (ALLL) as a % of total loans and leases - period end
1.68
1.72
1.72
1.70
1.72
Allowance for credit losses (ACL) as a % of total loans and leases - period end
1.75
1.78
1.78
1.83
1.86
See Notes to Financial Highlights.
1
Notes to Financial Highlights
(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)
Tangible common shareholders' 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
14
for reconciliation.
(4)
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.
(5)
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.
(6)
Common Equity Tier 1 (CET1) risk-based capital ratio. Amount is preliminary at September 30, 2026.
(7)
Adjusted CET1 ratio, a non-GAAP measure, is calculated as CET1 including the impact of AOCI, excluding cash flow hedges. Amount is preliminary at September 30, 2026.
(8)
NPAs include other nonperforming assets, which includes certain impaired securities and/or nonaccrual loans held for sale, and other real estate owned.
2
Huntington Bancshares Incorporated
Consolidated Balance Sheets
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Assets
Cash and due from banks
$
2,377
$
3,330
$
2,096
$
1,783
$
1,696
Interest-earning deposits with banks
15,019
12,714
17,579
12,295
11,536
Trading account assets
345
326
199
63
81
Available-for-sale securities
34,623
35,206
35,557
26,132
26,085
Held-to-maturity securities
14,733
14,384
14,768
15,258
15,597
Other securities
1,433
1,383
1,281
994
870
Loans held for sale
1,567
1,886
1,073
1,415
823
Loans and leases
(1)
191,449
189,422
188,818
149,642
137,956
Allowance for loan and lease losses
(3,222)
(3,249)
(3,243)
(2,537)
(2,374)
Net loans and leases
188,227
186,173
185,575
147,105
135,582
Bank-owned life insurance
3,687
3,676
3,673
2,902
2,810
Accrued income and other receivables
3,255
2,960
2,197
2,621
1,819
Premises and equipment
2,166
2,171
2,138
1,321
1,112
Goodwill
9,527
9,527
9,527
5,997
5,547
Servicing rights and other intangible assets
1,728
1,691
1,727
752
644
Other assets
9,146
8,557
7,982
6,468
6,026
Total assets
$
287,833
$
283,984
$
285,372
$
225,106
$
210,228
Liabilities and shareholders' equity
Liabilities
Deposits
(2)
$
224,678
$
222,466
$
223,482
$
176,610
$
165,212
Short-term borrowings
6,066
3,111
1,875
1,261
252
Long-term debt
17,341
18,738
21,594
17,221
17,315
Other liabilities
7,531
7,004
5,840
5,635
5,163
Total liabilities
255,616
$
251,319
$
252,791
$
200,727
$
187,942
Shareholders' equity
Preferred stock
2,881
2,881
2,881
2,731
2,731
Common stock
20
20
20
16
15
Capital surplus
25,101
25,150
25,273
17,244
15,537
Less treasury shares, at cost
(92)
(94)
(95)
(92)
(87)
Accumulated other comprehensive income (loss)
(2,974)
(2,213)
(2,059)
(1,908)
(2,071)
Retained earnings
7,243
6,880
6,515
6,351
6,123
Total Huntington shareholders’ equity
32,179
32,624
32,535
24,342
22,248
Non-controlling interest
38
41
46
37
38
Total equity
32,217
32,665
32,581
24,379
22,286
Total liabilities and equity
$
287,833
$
283,984
$
285,372
$
225,106
$
210,228
Common shares authorized (par value of $0.01)
2,250,000,000
2,250,000,000
2,250,000,000
2,250,000,000
2,250,000,000
Common shares outstanding
2,015,387,251
2,020,414,826
2,027,130,587
1,567,732,506
1,459,390,757
Treasury shares outstanding
6,952,614
7,152,410
7,269,138
7,187,541
6,907,525
Preferred stock, authorized shares
6,617,808
6,617,808
6,617,808
6,617,808
6,617,808
Preferred shares outstanding
891,900
891,900
891,900
885,000
885,000
(1)
See page
4
for detail of loans and leases.
(2)
See page
5
for detail of deposits.
3
Huntington Bancshares Incorporated
Loans and Leases Composition
(Unaudited)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Ending balances by type:
Total loans and leases
Commercial:
Commercial and industrial
$
93,966
49
%
$
91,378
49
%
$
89,282
47
%
$
69,442
46
%
$
62,978
45
%
Commercial real estate
22,748
12
23,457
12
24,337
13
15,209
10
10,732
8
Lease financing
5,885
3
5,714
3
5,796
3
5,727
4
5,515
4
Total commercial
122,599
64
120,549
64
119,415
63
90,378
60
79,225
57
Consumer:
Residential mortgage
33,163
18
33,221
18
33,458
19
24,777
17
24,502
18
Automobile
15,355
8
15,460
8
15,953
8
16,168
11
15,996
12
Home equity
11,898
6
11,884
6
11,831
6
10,395
7
10,314
7
RV and marine
5,757
3
5,706
3
5,627
3
5,682
4
5,805
4
Other consumer
2,677
1
2,602
1
2,534
1
2,242
1
2,114
2
Total consumer
68,850
36
68,873
36
69,403
37
59,264
40
58,731
43
Total loans and leases
$
191,449
100
%
$
189,422
100
%
$
188,818
100
%
$
149,642
100
%
$
137,956
100
%
Ending balances by business segment:
Consumer & Regional Banking
$
102,419
54
%
$
103,317
55
%
$
104,578
55
%
$
79,069
53
%
$
75,027
55
%
Commercial Banking
88,702
46
86,089
45
84,199
45
70,391
47
62,755
45
Treasury / Other
328
—
16
—
41
—
182
—
174
—
Total loans and leases
$
191,449
100
%
$
189,422
100
%
$
188,818
100
%
$
149,642
100
%
$
137,956
100
%
Average balances by business segment:
Consumer & Regional Banking
$
102,818
55
%
$
104,270
55
%
$
95,969
55
%
$
77,908
53
%
$
74,306
55
%
Commercial Banking
85,509
45
84,706
45
78,029
45
68,388
47
61,373
45
Treasury / Other
122
—
279
—
218
—
311
—
265
—
Total loans and leases
$
188,449
100
%
$
189,255
100
%
$
174,216
100
%
$
146,607
100
%
$
135,944
100
%
4
Huntington Bancshares Incorporated
Deposits Composition
(Unaudited)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Ending balances by type:
Total deposits
Demand deposits - noninterest-bearing
$
41,317
18
%
$
40,129
18
%
$
40,839
18
%
$
32,205
18
%
$
28,596
17
%
Demand deposits - interest-bearing
64,503
29
62,395
28
61,086
27
48,510
27
46,056
28
Money market deposits
77,509
35
75,717
34
75,554
34
65,123
37
62,837
38
Savings deposits
18,861
8
18,820
9
18,971
9
15,426
9
14,986
9
Time deposits
22,488
10
25,405
11
27,032
12
15,346
9
12,737
8
Total deposits
$
224,678
100
%
$
222,466
100
%
$
223,482
100
%
$
176,610
100
%
$
165,212
100
%
Ending balances by business segment:
Consumer & Regional Banking
$
148,587
66
%
$
150,687
68
%
$
153,000
69
%
$
117,188
66
%
$
110,043
67
%
Commercial Banking
67,912
30
62,713
28
60,775
27
50,657
29
47,651
28
Treasury / Other
8,179
4
9,066
4
9,707
4
8,765
5
7,518
5
Total deposits
$
224,678
100
%
$
222,466
100
%
$
223,482
100
%
$
176,610
100
%
$
165,212
100
%
Average balances by business segment:
Consumer & Regional Banking
$
149,423
67
%
$
152,612
68
%
$
138,557
67
%
$
114,613
66
%
$
111,138
68
%
Commercial Banking
65,645
29
61,597
28
56,622
28
50,470
29
46,346
28
Treasury / Other
8,748
4
9,194
4
9,437
5
8,073
5
7,328
4
Total deposits
$
223,816
100
%
$
223,403
100
%
$
204,616
100
%
$
173,156
100
%
$
164,812
100
%
5
Huntington Bancshares Incorporated
Quarterly Average Balances and Rates
(Unaudited)
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Average Balances
Income/Expense
(1)
Yield/ Rate
(1)
Average Balances
Income/Expense
(1)
Yield/ Rate
(1)
Average Balances
Income/Expense
(1)
Yield/ Rate
(1)
Average Balances
Income/Expense
(1)
Yield/ Rate
(1)
Average Balances
Income/Expense
(1)
Yield/ Rate
(1)
(dollar amounts in millions)
Assets:
Interest-earning deposits with banks
$
14,288
$
135
3.78
%
$
16,977
$
156
3.67
%
$
15,634
$
141
3.62
%
$
12,231
$
124
4.03
%
$
11,823
$
134
4.53
%
Trading account assets
315
3
3.87
281
3
3.97
235
2
3.70
112
—
2.58
629
7
4.03
Investment and other securities:
Available-for-sale securities:
Taxable
$
31,521
$
296
3.76
$
31,486
$
285
3.62
$
28,063
$
258
3.67
$
22,879
$
212
3.72
$
23,485
$
246
4.19
Tax-exempt
3,463
43
4.97
3,487
43
4.92
3,441
42
4.86
3,405
43
4.99
3,318
41
5.02
Total available-for-sale securities
34,984
339
3.88
34,973
328
3.75
31,504
300
3.80
26,284
255
3.88
26,803
287
4.29
Held-to-maturity securities - taxable
14,314
96
2.69
14,571
97
2.65
14,975
99
2.65
15,397
103
2.66
15,752
105
2.66
Other securities
1,295
19
5.80
1,369
17
5.00
1,219
16
5.17
949
11
4.86
888
12
5.15
Total investment and other securities
50,593
454
3.59
50,913
442
3.47
47,698
415
3.48
42,630
369
3.46
43,443
404
3.72
Loans held for sale
1,629
22
5.62
1,174
19
6.16
1,190
18
6.19
931
14
6.13
893
15
6.52
Loans and leases (includes nonaccrual loans and leases):
Commercial:
Commercial and industrial
90,924
1,358
5.84
90,371
1,336
5.85
81,535
1,191
5.85
67,378
1,023
5.94
61,440
959
6.11
Commercial real estate
23,071
357
6.05
23,925
370
6.12
21,138
327
6.17
14,268
233
6.39
10,692
187
6.86
Lease financing
5,724
98
6.72
5,726
101
6.98
5,754
99
6.86
5,498
91
6.48
5,483
93
6.69
Total commercial
119,719
1,813
5.93
120,022
1,807
5.96
108,427
1,617
5.96
87,144
1,347
6.05
77,615
1,239
6.25
Consumer:
Residential mortgage
33,183
400
4.82
33,515
404
4.81
30,392
353
4.65
25,098
269
4.29
24,511
259
4.23
Automobile
15,339
230
5.94
15,650
229
5.87
16,056
232
5.86
16,114
241
5.93
15,693
234
5.92
Home equity
11,869
204
6.81
11,878
202
6.85
11,325
193
6.89
10,372
184
7.02
10,264
190
7.34
RV and marine
5,744
81
5.58
5,646
76
5.44
5,631
76
5.44
5,747
80
5.53
5,860
80
5.41
Other consumer
2,595
68
10.44
2,544
64
10.09
2,385
58
9.88
2,132
54
10.11
2,001
55
10.82
Total consumer
68,730
983
5.69
69,233
975
5.65
65,789
912
5.59
59,463
828
5.54
58,329
818
5.57
Total loans and leases
188,449
2,796
5.84
189,255
2,782
5.84
174,216
2,529
5.82
146,607
2,175
5.84
135,944
2,057
5.96
Total earning assets
255,274
$
3,410
5.30
%
258,600
$
3,402
5.28
%
238,973
$
3,105
5.27
%
202,511
$
2,682
5.25
%
192,732
$
2,617
5.39
%
Cash and due from banks
2,375
2,036
1,778
1,396
1,445
Goodwill and other intangible assets
10,416
10,468
9,175
6,043
5,625
All other assets
14,197
13,377
12,244
10,280
9,925
Total assets
$
282,262
$
284,481
$
262,170
$
220,230
$
209,727
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing
$
63,704
$
321
2.00
%
$
62,388
$
285
1.83
%
$
52,985
$
246
1.88
%
$
47,185
$
227
1.91
%
$
45,980
$
235
2.02
%
Money market deposits
77,353
517
2.65
75,309
493
2.62
75,216
446
2.41
65,182
437
2.66
62,009
466
2.99
Savings deposits
18,839
30
0.62
18,940
39
0.83
18,033
30
0.68
15,360
19
0.47
15,042
13
0.35
Time deposits
23,766
203
3.40
26,758
231
3.46
22,864
198
3.50
14,661
137
3.69
12,773
116
3.60
Total interest-bearing deposits
183,662
1,071
2.31
183,395
1,048
2.29
169,098
920
2.21
142,388
820
2.28
135,804
830
2.43
Short-term borrowings
1,152
9
3.12
1,887
18
3.65
1,745
16
3.83
897
10
4.45
1,267
13
3.90
Long-term debt
18,145
240
5.28
20,971
264
5.06
20,248
259
5.09
17,335
243
5.61
17,433
251
5.75
Total interest-bearing liabilities
202,959
$
1,320
2.58
%
206,253
$
1,330
2.59
%
191,091
$
1,195
2.53
%
160,620
$
1,073
2.65
%
154,504
$
1,094
2.81
%
Demand deposits - noninterest-bearing
40,154
40,008
35,518
30,768
29,008
All other liabilities
6,453
5,620
5,624
4,907
4,826
Total liabilities
249,566
251,881
232,233
196,295
188,338
Total Huntington shareholders’ equity
32,656
32,555
29,896
23,896
21,348
Non-controlling interest
40
45
41
39
41
Total equity
32,696
32,600
29,937
23,935
21,389
Total liabilities and equity
$
282,262
$
284,481
$
262,170
$
220,230
$
209,727
Net interest rate spread
2.72
%
2.69
%
2.74
%
2.60
%
2.58
%
Impact of noninterest bearing funds
0.53
0.52
0.50
0.55
0.55
FTE net interest income / net interest margin
$
2,090
3.25
%
$
2,072
3.21
%
$
1,910
3.24
%
$
1,609
3.15
%
$
1,523
3.13
%
FTE adjustment
21
20
19
17
17
Net interest income
$
2,069
$
2,052
$
1,891
$
1,592
$
1,506
Memo: Total deposits
$
223,816
$
1,071
1.90
%
$
223,403
$
1,048
1.88
%
$
204,616
$
920
1.82
%
$
173,156
$
820
1.88
%
$
164,812
$
830
2.00
%
Memo: Impact of derivatives on commercial loan yields
(0.06)
(0.06)
(0.08)
(0.18)
(0.25)
(1)
Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
6
Huntington Bancshares Incorporated
Year-To-Date Average Balances and Rates
(Unaudited)
Nine Months Ended Sep 30, 2026
Nine Months Ended Sep 30, 2025
(dollar amounts in millions)
Average Balances
Income/ Expense
(1)
Yield/ Rate
(1)
Average Balances
Income/ Expense
(1)
Yield/ Rate
(1)
Assets:
Interest-earning deposits with banks
$
15,628
$
432
3.69
%
$
11,907
$
402
4.50
%
Trading account assets
277
8
3.85
584
17
3.82
Investment and other securities:
Available-for-sale securities:
Taxable
30,369
839
3.69
23,913
811
4.52
Tax-exempt
3,464
128
4.91
3,274
124
5.06
Total available-for-sale securities
33,833
967
3.81
27,187
935
4.58
Held-to-maturity securities - taxable
14,618
292
2.66
16,078
320
2.65
Other securities
1,294
52
5.32
882
36
5.43
Total investment and other securities
49,745
1,311
3.51
44,147
1,291
3.90
Loans held for sale
1,333
59
5.94
742
36
6.47
Loans and leases (includes nonaccrual loans and leases):
Commercial:
Commercial and industrial
87,644
3,885
5.85
59,477
2,746
6.09
Commercial real estate
22,718
1,054
6.12
10,831
555
6.76
Lease financing
5,735
298
6.85
5,472
274
6.61
Total commercial
116,097
5,237
5.95
75,780
3,575
6.22
Consumer:
Residential mortgage
32,373
1,157
4.76
24,412
762
4.16
Automobile
15,679
691
5.89
15,167
660
5.82
Home equity
11,692
599
6.85
10,195
559
7.33
RV and marine
5,674
233
5.49
5,910
237
5.35
Other consumer
2,511
190
10.15
1,880
154
10.97
Total consumer
67,929
2,870
5.64
57,564
2,372
5.50
Total loans and leases
184,026
8,107
5.84
133,344
5,947
5.91
Total earning assets
251,009
$
9,917
5.28
%
190,724
$
7,693
5.39
%
Cash and due from banks
2,065
1,419
Goodwill and other intangible assets
10,024
5,639
All other assets
13,280
9,790
Total assets
$
276,378
$
207,572
Liabilities and shareholders' equity:
Interest-bearing deposits:
Demand deposits - interest-bearing
$
59,731
$
852
1.91
%
$
44,755
$
663
1.98
%
Money market deposits
75,967
1,456
2.56
61,111
1,388
3.04
Savings deposits
18,607
99
0.71
15,012
31
0.28
Time deposits
24,466
632
3.45
13,347
380
3.81
Total interest-bearing deposits
178,771
3,039
2.27
134,225
2,462
2.45
Short-term borrowings
1,592
43
3.58
1,322
40
4.04
Long-term debt
19,780
763
5.14
17,372
744
5.71
Total interest-bearing liabilities
200,143
$
3,845
2.57
%
152,919
$
3,246
2.84
%
Demand deposits - noninterest-bearing
38,577
29,067
All other liabilities
5,903
4,904
Total liabilities
244,623
186,890
Total Huntington shareholders’ equity
31,713
20,636
Non-controlling interest
42
46
Total equity
31,755
20,682
Total liabilities and equity
$
276,378
$
207,572
Net interest rate spread
2.71
%
2.55
%
Impact of noninterest bearing funds
0.52
0.57
FTE net interest income / net interest margin
$
6,072
3.23
%
$
4,447
3.12
%
FTE adjustment
60
48
Net interest income
$
6,012
$
4,399
Memo: Total deposits
$
217,348
$
3,039
1.87
$
163,292
$
2,462
2.02
%
Memo: Impact of derivatives on commercial loan yields
(0.07)
(0.30)
(1)
Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate. Amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.
7
Huntington Bancshares Incorporated
Selected Income Statement Data
(Unaudited)
Three Months Ended
Year-to-Date
(dollar amounts in millions, except per share data)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
2026
2026
2026
2025
2025
2026
2025
Interest income
$
3,389
$
3,382
$
3,086
$
2,665
$
2,600
$
9,857
$
7,645
Interest expense
1,320
1,330
1,195
1,073
1,094
3,845
3,246
Net interest income
2,069
2,052
1,891
1,592
1,506
6,012
4,399
Provision for credit losses
123
132
158
123
122
413
340
Net interest income after provision for credit losses
1,946
1,920
1,733
1,469
1,384
5,599
4,059
Payments and cash management revenue
211
204
187
170
174
602
494
Wealth and asset management revenue
131
134
120
102
104
385
307
Customer deposit and loan fees
124
128
110
107
102
362
283
Capital markets and advisory fees
122
140
132
101
94
394
245
Mortgage banking income
45
53
32
39
43
130
102
Net gains (losses) on sales of securities
—
2
13
—
—
15
(58)
Other noninterest income
(1)
89
124
88
63
111
301
220
Total noninterest income
722
785
682
582
628
2,189
1,593
Personnel costs
990
1,010
992
845
757
2,992
2,150
Outside data processing and other services
290
326
311
222
198
927
550
Equipment
79
96
93
67
66
268
201
Net occupancy
96
90
85
56
57
271
176
Professional services
38
31
44
80
31
113
75
Marketing
54
38
37
36
34
129
91
Amortization of intangibles
49
54
41
13
11
144
33
Other noninterest expense
(1)
176
164
171
101
92
511
319
Total noninterest expense
1,772
1,809
1,774
1,420
1,246
5,355
3,595
Income before income taxes
896
896
641
631
766
2,433
2,057
Provision for income taxes
172
165
114
108
133
451
351
Income after income taxes
724
731
527
523
633
1,982
1,706
Income attributable to NCI
3
4
4
4
4
11
14
Net income attributable to Huntington
721
727
523
519
629
1,971
1,692
Dividends on preferred shares
41
41
41
43
27
123
81
Net income applicable to common shares
$
680
$
686
$
482
$
476
$
602
$
1,848
$
1,611
Average common shares - basic
2,019
2,021
1,869
1,544
1,459
1,971
1,457
Average common shares - diluted
2,047
2,048
1,901
1,570
1,485
1,999
1,483
Per common share
Net income - basic
$
0.34
$
0.34
$
0.26
$
0.31
$
0.41
$
0.94
$
1.11
Net income - diluted
0.33
0.33
0.25
0.30
0.41
0.92
1.09
Cash dividends declared
0.155
0.155
0.155
0.155
0.155
0.465
0.465
Revenue - fully-taxable equivalent (FTE)
Net interest income
$
2,069
$
2,052
$
1,891
$
1,592
$
1,506
$
6,012
$
4,399
FTE adjustment
21
20
19
17
17
60
48
Net interest income FTE
(2)
2,090
2,072
1,910
1,609
1,523
6,072
4,447
Noninterest income
722
785
682
582
628
2,189
1,593
Total revenue FTE
(2)
$
2,812
$
2,857
$
2,592
$
2,191
$
2,151
$
8,261
$
6,040
(1)
In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income, and we reclassified deposit and other insurance expense and leasing financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.
(2)
Calculated on a fully-taxable equivalent (FTE) basis, which represents a non-GAAP measure, assuming a 21% tax rate.
8
Huntington Bancshares Incorporated
Credit Reserves Analysis
(Unaudited)
Three Months Ended
Year-to-Date
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
2026
2025
Allowance for loan and lease losses, beginning of period
$
3,249
$
3,243
$
2,537
$
2,374
$
2,331
$
2,537
$
2,244
Loan and lease charge-offs
(200)
(191)
(173)
(145)
(137)
(564)
(381)
Recoveries of loans and leases previously charged off
54
72
62
56
62
188
154
Net loan and lease charge-offs
(146)
(119)
(111)
(89)
(75)
(376)
(227)
Provision for loan and lease losses
119
125
250
109
118
494
357
Allowance on purchased credit deteriorated (PCD) loans and leases at acquisition
—
—
322
71
—
322
—
Allowance on purchased seasoned loans and leases at acquisition
(1)
—
—
245
72
—
245
—
Allowance for loan and lease losses, end of period
3,222
3,249
3,243
2,537
2,374
3,222
2,374
Allowance for unfunded lending commitments, beginning of period
132
125
206
188
184
206
202
Provision (benefit) for unfunded lending commitments
4
7
(92)
14
4
(81)
(14)
Allowance for unfunded lending commitments at acquisition
—
—
11
4
—
11
—
Allowance for unfunded lending commitments, end of period
136
132
125
206
188
136
188
Total allowance for credit losses, end of period
$
3,358
$
3,381
$
3,368
$
2,743
$
2,562
$
3,358
$
2,562
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases
1.68
%
1.72
%
1.72
%
1.70
%
1.72
%
1.68
%
1.72
%
Nonaccrual loans and leases (NALs)
190
204
243
272
294
190
294
Nonperforming assets (NPAs)
187
202
239
269
289
187
289
Total allowance for credit losses (ACL) as % of:
Total loans and leases
1.75
%
1.78
%
1.78
%
1.83
%
1.86
%
1.75
%
1.86
%
Nonaccrual loans and leases (NALs)
198
213
253
295
317
198
317
Nonperforming assets (NPAs)
195
210
248
290
312
195
312
(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.
9
Huntington Bancshares Incorporated
Net Charge-Off Analysis
(Unaudited)
Three Months Ended
Year-to-Date
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
2026
2025
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial
$
71
$
66
$
54
$
40
$
39
$
191
$
119
Commercial real estate
10
3
2
8
(4)
15
(15)
Lease financing
—
(3)
—
(8)
1
(3)
7
Total commercial
81
66
56
40
36
203
111
Consumer:
Residential mortgage
2
3
1
—
—
6
1
Automobile
15
12
15
14
10
42
30
Home equity
—
1
—
—
1
1
1
RV and marine
6
6
7
6
4
19
16
Other consumer
42
31
32
29
24
105
68
Total consumer
65
53
55
49
39
173
116
Total net charge-offs
$
146
$
119
$
111
$
89
$
75
$
376
$
227
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial
0.31
%
0.29
%
0.26
%
0.24
%
0.25
%
0.29
%
0.27
%
Commercial real estate
0.16
0.06
0.03
0.21
(0.13)
0.08
(0.18)
Lease financing
0.03
(0.18)
0.01
(0.53)
0.04
(0.05)
0.16
Total commercial
0.27
0.22
0.21
0.18
0.18
0.23
0.20
Consumer:
Residential mortgage
0.03
0.03
0.02
0.01
0.01
0.02
0.01
Automobile
0.41
0.32
0.38
0.36
0.26
0.37
0.26
Home equity
0.01
0.01
0.02
(0.01)
0.01
0.01
0.01
RV and marine
0.40
0.44
0.51
0.45
0.30
0.45
0.36
Other consumer
6.30
4.88
5.30
5.22
4.92
5.50
4.89
Total consumer
0.38
0.30
0.34
0.33
0.27
0.34
0.27
Net charge-offs as a % of average loans and leases
0.31
%
0.25
%
0.26
%
0.24
%
0.22
%
0.27
%
0.23
%
10
Huntington Bancshares Incorporated
Nonperforming Assets (NPAs)
(Unaudited)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Nonaccrual loans and leases (NALs):
Commercial and industrial
$
1,046
$
986
$
824
$
562
$
455
Commercial real estate
265
243
188
133
131
Lease financing
6
8
9
8
10
Residential mortgage
240
223
185
107
97
Automobile
8
7
6
6
6
Home equity
129
120
117
113
108
RV and marine
2
2
2
2
1
Other consumer
1
—
1
—
—
Total nonaccrual loans and leases
1,697
1,589
1,332
931
808
Other real estate, net
25
23
22
13
10
Other NPAs
(1)
—
—
3
1
3
Total nonperforming assets
$
1,722
$
1,612
$
1,357
$
945
$
821
NALs as a % of total loans and leases
0.89
%
0.84
%
0.71
%
0.62
%
0.59
%
NPA ratio
(2)
0.90
0.85
0.72
0.63
0.60
Accruing loans and leases past due 90+ days:
Commercial and industrial
$
2
$
2
$
2
$
1
$
1
Commercial real estate
—
—
3
—
—
Lease financing
1
6
5
9
6
Residential mortgage (excluding loans guaranteed by the U.S. Government)
79
66
46
46
35
Automobile
15
12
12
14
12
Home equity
28
24
22
16
20
RV and marine
4
3
3
4
3
Other consumer
8
5
6
6
5
Total, excl. loans guaranteed by the U.S. Government
137
118
99
96
82
Add: loans guaranteed by U.S. Government
340
325
322
186
152
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government
$
477
$
443
$
421
$
282
$
234
Accruing loans and leases past due 90+ days as a percent of total loans and leases:
Excluding loans guaranteed by the U.S. Government
0.07
%
0.06
%
0.05
%
0.06
%
0.06
%
Guaranteed by U.S. Government
0.18
0.17
0.17
0.12
0.11
Including loans guaranteed by the U.S. Government
0.25
0.23
0.22
0.19
0.17
(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.
11
Huntington Bancshares Incorporated
Capital Under Current Regulatory Standards (Basel III)
(Unaudited)
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Common equity tier 1 (CET1) capital
$
21,684
$
21,388
$
21,160
$
17,286
$
15,924
Tier 1 capital
24,575
24,279
24,051
20,027
18,665
Total risk-based capital
29,377
29,076
28,772
23,593
22,022
Risk-weighted assets (RWA)
(1)
214,500
214,138
208,132
166,684
150,222
Common equity tier 1 risk-based capital ratio
(1)
10.1
%
10.0
%
10.2
%
10.4
%
10.6
%
Other regulatory capital data:
Tier 1 leverage ratio
(1)
9.0
8.8
9.5
9.3
9.0
Tier 1 risk-based capital ratio
(1)
11.5
11.3
11.6
12.0
12.4
Total risk-based capital ratio
(1)
13.7
13.6
13.8
14.2
14.7
Reconciliation of Non-GAAP Measure
Common equity tier 1 (CET1) capital
(A)
$
21,684
$
21,388
$
21,160
$
17,286
$
15,924
Add: Accumulated other comprehensive income (loss)
(2,969)
(2,208)
(2,055)
(1,904)
(2,065)
Less: AOCI cash flow hedge
(410)
(167)
(49)
27
16
Adjusted common equity tier 1
(2)
(B)
19,125
19,347
19,154
15,355
13,843
Risk-weighted assets (RWA)
(1)
(C)
214,500
214,138
208,132
166,684
150,222
CET1 ratio
(1)
(A/C)
10.1
%
10.0
%
10.2
%
10.4
%
10.6
%
Adjusted CET1 ratio
(1)(2)
(B/C)
8.9
9.0
9.2
9.2
9.2
(1)
Preliminary at September 30, 2026.
(2) Represents CET1 adjusted for AOCI, excluding cash flow hedges, which aligns with GSIB reporting.
12
Huntington Bancshares Incorporated
Non-Regulatory Capital and Other Data
(Unaudited)
Non-Regulatory Capital
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Calculation of tangible equity / asset ratio:
Total Huntington shareholders’ equity
$
32,179
$
32,624
$
32,535
$
24,342
$
22,248
Goodwill and other intangible assets
(10,393)
(10,442)
(10,496)
(6,142)
(5,611)
Deferred tax liability on other intangible assets
(1)
182
192
203
30
13
Total tangible equity
21,968
22,374
22,242
18,230
16,650
Preferred equity
(2,881)
(2,881)
(2,881)
(2,731)
(2,731)
Total tangible common equity
$
19,087
$
19,493
$
19,361
$
15,499
$
13,919
Total assets
$
287,833
$
283,984
$
285,372
$
225,106
$
210,228
Goodwill and other intangible assets
(10,393)
(10,442)
(10,496)
(6,142)
(5,611)
Deferred tax liability on other intangible assets
(1)
182
192
203
30
13
Total tangible assets
$
277,622
$
273,734
$
275,079
$
218,994
$
204,630
Shareholders' equity / total assets
11.2
%
11.5
%
11.4
%
10.8
%
10.6
%
Tangible equity / tangible asset ratio
7.9
8.2
8.1
8.3
8.1
Tangible common equity / tangible asset ratio
6.9
7.1
7.0
7.1
6.8
Tangible common equity / RWA ratio
(2)
8.9
9.1
9.3
9.3
9.3
(1)
Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.
(2)
Preliminary at September 30, 2026.
Other Data
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
2026
2026
2026
2025
2025
Number of employees (Average full-time equivalent)
25,898
26,407
24,641
20,924
20,247
Number of domestic full-service branches
(1)
1,372
1,407
1,403
1,005
972
ATM Count
2,015
2,016
2,043
1,591
1,569
(1)
Includes Regional Banking and The Huntington Private Bank offices.
13
Huntington Bancshares Incorporated
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Return on Average Tangible Common Shareholders' Equity
Three months ended
Nine months ended
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
2026
2025
Calculation of return on average tangible common shareholders' equity ratio:
Average Huntington common shareholders' equity
$
29,776
$
29,675
$
27,050
$
21,165
$
19,197
$
28,843
$
18,592
Less: Intangible assets and goodwill, net of tax effect
10,230
10,271
9,026
6,015
5,610
9,846
5,622
Average tangible common shareholders' equity (A)
$
19,546
$
19,404
$
18,024
$
15,150
$
13,587
$
18,997
$
12,970
Net income applicable to common shares
$
680
$
686
$
482
$
476
$
602
$
1,848
$
1,611
Add: Amortization of intangibles, net of deferred tax
39
42
33
10
8
114
26
Tangible net income applicable to common shares
$
719
$
728
$
515
$
486
$
610
$
1,962
$
1,637
Add: Notable Items, after tax
98
116
216
99
(13)
430
8
Adjusted net income applicable to common shares, excluding Notable Items
$
817
$
844
$
731
$
585
$
597
$
2,392
$
1,645
Tangible net income applicable to common shares, annualized (B)
$
2,853
$
2,920
$
2,089
$
1,928
$
2,420
$
2,623
$
2,189
Adjusted net income applicable to common shares, excluding Notable Items, annualized (C)
3,241
3,385
2,965
2,320
2,369
3,198
2,199
Return on average tangible common shareholders' equity (B/A)
14.6
%
15.1
%
11.6
%
12.7
%
17.8
%
13.8
%
16.9
%
Adjusted return on average tangible common shareholders' equity, excluding Notable Items (C/A)
16.6
%
17.5
%
16.4
%
15.3
%
17.4
%
16.8
%
17.0
%
Efficiency Ratio
Three months ended
Nine months ended
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
Sep 30,
Sep 30,
(amounts in millions)
2026
2026
2026
2025
2025
2026
2025
Noninterest expense (GAAP)
$
1,772
$
1,809
$
1,774
$
1,420
$
1,246
$
5,355
$
3,595
Less: Intangible amortization
49
54
41
13
11
144
33
Noninterest expense less amortization of intangibles (non-GAAP)
$
1,723
$
1,755
$
1,733
$
1,407
$
1,235
$
5,211
$
3,562
Net interest income
$
2,069
$
2,052
$
1,891
$
1,592
$
1,506
$
6,012
$
4,399
Noninterest income
722
785
682
582
628
2,189
1,593
Total Revenue (GAAP)
2,791
2,837
2,573
2,174
2,134
8,201
5,992
Add: FTE adjustment
(1)
21
20
19
17
17
60
48
Less: Gains (losses) on sales of securities
—
2
13
—
—
15
(58)
FTE revenue less gains (losses) on sales of securities (non-GAAP)
$
2,812
$
2,855
$
2,579
$
2,191
$
2,151
$
8,246
$
6,098
Efficiency Ratio
(2)
61.2
%
61.5
%
67.2
%
64.2
%
57.4
%
63.2
%
58.4
%
(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.
14
Huntington Bancshares Incorporated
Reconciliation of Non-GAAP Financial Measures (continued)
(Unaudited)
Pre-Provision Net Revenue (PPNR)
Three months ended
Sep 30,
Jun 30,
Mar 31,
Dec 31,
Sep 30,
(dollar amounts in millions)
2026
2026
2026
2025
2025
Total revenue (GAAP)
$
2,791
$
2,837
$
2,573
$
2,174
$
2,134
Add: FTE adjustment
(1)
21
20
19
17
17
Total FTE revenue (non-GAAP)
2,812
2,857
2,592
2,191
2,151
Less: Noninterest expense
1,772
1,809
1,774
1,420
1,246
PPNR
$
1,040
$
1,048
$
818
$
771
$
905
(1) Calculated on an FTE basis, which represents a non-GAAP measure, assuming a 21% tax rate.
15