Financial Analysis

BUSINESS COMBINATIONS Veritex Acquisition On October 20, 2025, Huntington completed its previously announced acquisition of Veritex Holdings, Inc. (Veritex), a bank holding company headquartered in Dallas, Texas, pursuant to the Agreement and Plan of Merger dated July 13, 2025 (Veritex Merger Agreement). Upon completion of the acquisition, Veritex merged with and into Huntington, with Huntington as the surviving company, immediately followed by the merger of Veritexs wholly owned subsidiary bank, Veritex Community Bank, with and into Huntingtons wholly owned subsidiary bank, Huntington National Bank, with Huntington National Bank as the surviving bank. Under the terms of the agreement, Huntington issued 1.95 shares of its common stock for each outstanding share of Veritex common stock (Veritex Merger Consideration), in a 100% stock transaction, with cash paid in lieu of fractional shares. In addition, each holder of an outstanding Veritex stock option received cash equal to the per-share value of the Veritex Merger Consideration over the per-share exercise price, while any Veritex stock option with a per-share exercise price that was equal to or greater than the per share value of the Merger Consideration was cancelled for no consideration, and each outstanding restricted stock unit representing a right to receive Veritex common stock was converted into a restricted stock unit representing a right to receive Huntingtons common stock as adjusted by the 1.95 exchange ratio. Upo …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENT LIABILITIES Commitments to Extend Credit In the ordinary course of business, Huntington makes various commitments to extend credit that are not reflected in the Consolidated Financial Statements. The contract amounts of these financial agreements were as follows. At December 31, (dollar amounts in millions) 2025 2024 Contract amount representing credit risk Commitments to extend credit: Commercial and industrial $ 47,736 $ 37,422 Consumer loan portfolio 21,659 19,993 Commercial real estate 4,036 2,089 Standby letters of credit and guarantees on industrial revenue bonds 895 725 Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customers credit quality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature. Certain commitments to extend credit are secured by collateral, including residential and commercial real estate, …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents total noninterest income disaggregated by operating segment and segregated between revenue from contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics. (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated Major Revenue Streams Year Ended December 31, 2025 Payments and cash management revenue $ 465 $ 148 $ $ 613 Wealth and asset management revenue 385 23 408 Customer deposit and loan fees 233 17 250 Capital markets and advisory fees 22 146 168 Leasing revenue 3 9 12 Insurance income 72 10 (1) 81 Other noninterest income 28 4 (2) 30 Net revenue from contracts with customers $ 1,208 $ 357 $ (3) $ 1,562 Noninterest income within the scope of other GAAP topics 216 404 (7) 613 Total noninterest income $ 1,424 $ 761 $ (10) $ 2,175 Year Ended December 31, 2024 Payments and cash management revenue $ 452 $ 115 $ $ 567 Wealth and asset management revenue 352 12 364 Customer deposit and loan fees 217 10 227 Capital markets and advisory fees 21 172 193 Leasing revenue 2 28 30 Insurance income 67 11 (1) 77 Other noninterest income 9 5 (4) 10 Net revenue from contracts with customers $ 1,120 $ 353 $ (5) $ 1,468 Noninterest income within the scope of other GAAP topics 181 363 28 572 Total noninterest income $ 1,301 $ 716 $ 23 $ 2,040 Year Ended December 31, 2023 Payments and cash management revenue $ 433 $ 103 $ $ 536 Wealth and asset management rev …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

SHARE-BASED COMPENSATION Share-based awards are eligible for issuance under the Companys long term incentive plan. The plan provides for the granting of stock options, restricted stock awards, restricted stock units, performance share units, and other awards to officers, directors, and other employees. At December 31, 2025, 28 million shares were available for future grants. Huntington issues shares to fulfill share-based award vesting from available authorized common shares. At December 31, 2025, Huntington believes there were adequate authorized common shares to satisfy anticipated share-based award vesting in 2026. The following table presents total share-based compensation expense and related tax benefit. Year Ended December 31, (dollar amounts in millions) 2025 2024 2023 Share-based compensation expense (1) $ 130 $ 133 $ 114 Tax benefit 23 24 19 (1) Compensation costs are included in personnel costs on the Consolidated Statements of Income. Stock Options Stock options, awarded by Huntington, are granted at the closing market price on the date of the grant and vest ratably over four years or when other conditions are met. Stock options, which represented a portion of the grant values, have no intrinsic value until the stock price increases. All options have a contractual term of ten years from the date of grant. Huntingtons stock option activity and related information was as follows. (dollar amounts in millions, except per share and options amounts in thousands) Options …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

FAIR VALUES OF ASSETS AND LIABILITIES Following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. There were no such transfers during the years ended December 31, 2025 and 2024. Loans held for sale Huntington has elected to apply the FVO for mortgage loans originated with the intent to sell which are included in loans held for sale. Mortgage loans held for sale are classified as Level 2 and are estimated using security prices for similar product types. Loans held for investment Certain mortgage loans originated with the intent to sell for which the FVO was elected have been reclassified to loans held for investment. These loans continue to be measured at fair value. The fair value of loans held for investment classified as Level 2 are estimated using security prices for similar product types similar to loans held for sale. The fair value of loans held for investment classified as Level 3 is determined using fair value of similar mortgage-backed securities adjusted for loan specific variables. Available-for-sale and trading account securities Securities accounted for at fair value include both the available-for-sale and trading account portfolios. Huntington determines the fair value of securities utilizing quoted market prices obtained fo …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETS A rollforward of goodwill by business segment for which goodwill is allocated is presented in the table below. No goodwill impairment was recorded in 2025 or 2024. (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Huntington Consolidated Balance, January 1, 2024 $ 3,640 $ 1,921 $ 5,561 Balance, December 31, 2024 3,640 1,921 5,561 Veritex acquisition 229 221 450 Sale of a portion of corporate trust and custody business (14) (14) Balance, December 31, 2025 $ 3,855 $ 2,142 $ 5,997 For additional information on the Veritex acquisition, refer to Note 3 - Business Combin ation s . Huntingtons other intangible assets are presented in the following table. (dollar amounts in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Value At December 31, 2025 Core deposit intangible $ 473 $ (335) $ 138 Customer relationship 66 (59) 7 Total other intangible assets $ 539 $ (394) $ 145 At December 31, 2024 Core deposit intangible $ 378 $ (293) $ 85 Customer relationship 66 (55) 11 Total other intangible assets $ 444 $ (348) $ 96 The estimated amortization expense of other intangible assets for the next five years is as follows. (dollar amounts in millions) Amortization Expense 2026 $ 46 2027 25 2028 20 2029 16 2030 13 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES The following is a summary of the provision for income taxes. Year Ended December 31, (dollar amounts in millions) 2025 2024 2023 Income before income taxes U.S. $ 2,666 $ 2,369 $ 2,353 Foreign 22 34 31 Total income before income taxes $ 2,688 $ 2,403 $ 2,384 Current tax provision Federal $ 778 $ 411 $ 644 State and local 79 43 63 Foreign 5 15 8 Total current tax provision 862 469 715 Deferred tax (benefit) provision Federal (386) (24) (291) State and local (17) (2) (11) Total deferred tax (benefit) provision (403) (26) (302) Total provision for income taxes Federal 392 387 353 State and local 62 41 52 Foreign 5 15 8 Provision for income taxes $ 459 $ 443 $ 413 The following is a reconciliation of the provision for income taxes. Year Ended December 31, (dollar amounts in millions) 2025 2024 2023 Provision for income taxes computed at the statutory rate $ 564 21.0 % $ 505 21.0 % $ 501 21.0 % Increases (decreases): Domestic federal Tax credits LIHTC credits and benefits, net of amortization (69) (2.6) (39) (1.6) (56) (2.3) Research and development credits (24) (0.9) (28) (1.2) (24) (1.0) Investment tax credits (37) (1.4) (20) (0.8) (30) (1.3) Other (1) (1) (2) (0.1) Nontaxable and nondeductible items, net Tax-exempt income (35) (1.3) (29) (1.2) (28) (1.2) Other 7 0.3 1 2 0.1 Changes in valuation allowance (7) (0.3) 7 0.3 Domestic state and local income taxes, net of federal effect (1) 49 1.8 32 1.3 41 1.7 Foreign jurisdictions 2 0.1 5 0.2 2 0.1 Changes in unrecogni …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

OPERATING LEASES At December 31, 2025, Huntington was obligated under non-cancelable leases for branch and office space. These leases are all classified as operating due to the amount of time such spaces are occupied relative to the underlying assets useful lives. Many of these leases contain renewal options, most of which are not included in measurement of the right-of-use asset as they are not considered reasonably certain of exercise (i.e., Huntington does not currently have a significant economic incentive to exercise these options). Net lease assets and liabilities were as follows. At December 31, (dollar amounts in millions) Classification 2025 2024 Operating lease assets Other assets $ 340 $ 278 Lease liabilities Other liabilities 436 380 Net lease costs were as follows. Year Ended December 31, (dollar amounts in millions) Classification 2025 2024 Operating lease cost Net occupancy $ 67 $ 63 Short-term lease cost Net occupancy 1 2 Net lease costs $ 68 $ 65 Maturities of lease liabilities at December 31, 2025 are as follows. (dollar amounts in millions) Total 2026 $ 72 2027 70 2028 62 2029 56 2030 48 Thereafter 284 Total lease payments 592 Less: Interest (156) Total lease liabilities $ 436 Additional supplemental information related to the Companys operating leases was as follows. (dollar amounts in millions) 2025 2024 Year ended December 31: Cash paid for amounts included in the measurement of lease liabilities for operating cash flows $ (79) $ (76) Right-of-use assets …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

BORROWINGS Short-term Borrowings Borrowings with original maturities of one year or less are classified as short-term and were comprised as follows. At December 31, (dollar amounts in millions) 2025 2024 Securities sold under agreements to repurchase $ 22 $ 142 FHLB advances 1,000 Other borrowings 239 57 Total short-term borrowings $ 1,261 $ 199 The carrying value of assets pledged as collateral against repurchase agreements totaled $40 million and $224 million as of December 31, 2025 and December 31, 2024, respectively. Assets pledged as collateral are reported in available-for-sale securities and held-to-maturity securities on the Consolidated Balance Sheets. The repurchase agreements have maturities within 60 days. No amounts have been offset against the agreements. Long-term Debt Huntingtons long-term debt, which consists of borrowings with an initial maturity of greater than one year, is included in the following table. The interest rates disclosed represent the contractual rate as of the most recent period end. At December 31, 2025 2024 Contractual Rate Carrying Amount Carrying Amount (dollar amounts in millions) Maturity Min Max Weighted Average The Parent Company: Fixed rate senior notes 2028 to 2035 2.55 % 6.21 % 5.08 % $ 5,514 $ 5,836 Fixed rate subordinated notes (1) 2030 to 2039 2.49 7.88 4.72 1,248 1,093 Floating rate junior subordinated debentures (2)(3) 2027 to 2038 4.76 8.13 5.34 262 248 Total notes issued by the Parent Company 7,024 7,177 The Bank: Fixed rate …

LongTermDebtTextBlock · excerpt; the full note is in the filing

BENEFIT PLANS Huntington sponsors a non-contributory defined benefit pension plan covering substantially all employees hired or rehired prior to January 1, 2010. The Plan no longer accrues service benefits to participants and provides benefits based upon length of service and compensation levels. Huntingtons funding policy is to contribute an annual amount that is at least equal to the minimum funding requirements but not more than the amount deductible under the Internal Revenue Code. There is a minimum contribution of $3.1 million for the 2025 plan year, which Huntington will satisfy by using the plans credit balance. The following table shows the weighted-average assumptions used to determine the benefit obligation and the net periodic benefit cost. At December 31, 2025 2024 Weighted-average assumptions used to determine benefit obligations: Discount rate 5.50 % 5.67 % Weighted-average assumptions used to determine net periodic benefit cost: Discount rate 5.67 5.15 Expected return on plan assets 5.50 5.50 The following table reconciles the beginning and ending balances of the benefit obligation of the Plan with the amounts recognized in the consolidated balance sheets. At December 31, (dollar amounts in millions) 2025 2024 Projected benefit obligation at beginning of measurement year $ 646 $ 687 Changes due to: Service cost 4 3 Interest cost 34 34 Benefits paid (35) (34) Settlements (13) (9) Actuarial (losses) gains 5 (35) Total changes (5) (41) Projected benefit obligatio …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue is segregated based on the nature of product and services offered as part of contractual arrangements. Certain sources of revenue are recognized within interest or fee income and are outside of the scope of the ASC Topic 606, Revenue from Contracts with Customers (ASC 606). Other sources of revenue fall within the scope of ASC 606 and are generally recognized within noninterest income. Revenue from contracts with customers within the scope of ASC 606 is broadly segregated within the following noninterest income categories: Payments and cash management revenue primarily includes interchange fees earned on debit cards and credit cards and fees earned from providing cash management services to corporate deposit customers. Within the scope of ASC 606, Huntington recognizes debit and credit card interchange fees for services performed related to authorization and settlement of a cardholders transaction with a merchant. Revenue is recognized when a cardholders transaction is approved and settled. Certain volume or transaction based interchange expenses (net of rebates) paid to the payment network reduce the interchange revenue and are presented net on the income statement. Similarly, rewards payable under a reward program to cardholders are recognized as a reduction of the transaction price and are presented net against the interchange revenue. Revenue from providing cash management services to corporate deposit customers is recognized …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

SEGMENT REPORTING Huntingtons business segments are based on our internally aligned segment leadership structure, which is how management monitors results and assesses performance. Huntington reports on two business segments: Consumer & Regional Banking and Commercial Banking. Huntingtons CEO is the CODM for each of our business segments. The CODM primarily utilizes net interest income and net income attributable to Huntington to assess segment performance and to allocate resources to meet our business objectives. The CODM considers budget-to-actual variances for these profit measures when making decisions about allocating resources, comparing performance among the segments, and determining compensation of certain colleagues. The following is a description of our business segments: Consumer & Regional Banking - Consumer & Regional Banking delivers a comprehensive suite of consumer and business financial solutions through a customer-first, digitally enabled model. The segment encompasses Consumer Lending, Regional Banking, Branch Banking, and Wealth Management, offering products such as deposits, lending, payments, mortgage banking, dealer financing, investment management, personal trust and estate services, brokerage, insurance, and related financial solutions. We serve customers through our integrated network of regional banking and national specialty finance channels, including branches and ATMs, award-winning mobile and online platforms, interactive video telle …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Huntington Bancshares Incorporated (Huntington or the Company) is a multi-state diversified regional bank holding company organized under Maryland law in 1966 and headquartered in Columbus, Ohio. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), Huntington is engaged in providing full-service commercial and consumer deposit, lending, and other banking services to customers where the Bank has a local market presence and through select national businesses. These include, but are not limited to, payments, mortgage banking, indirect and direct consumer financing, investment banking, capital markets, advisory, equipment financing, distribution finance, investment management, trust, brokerage, insurance, and other financial products and services. Basis of Presentation The Consolidated Financial Statements are presented in accordance with GAAP and include the accounts of Huntington and its majority-owned subsidiaries and VIEs in which Huntington has determined to be the primary beneficiary. All intercompany transactions and balances are eliminated in consolidation. Entities in which Huntington holds a controlling financial interest are consolidated. For a voting interest entity, a controlling financial interest is generally where Huntington holds, directly or indirectly, more than 50% of the outstanding voting shares. For a VIE, a controlling financial interest is where Huntington ha …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

SHAREHOLDERS EQUITY Preferred Stock The following is a summary of Huntingtons non-cumulative, non-voting, perpetual preferred stock outstanding. (dollar amounts in millions) Carrying Amount Series Issuance Date Shares Outstanding Dividend Rate Earliest Optional Redemption Date (1) December 31, 2025 December 31, 2024 Series B (2) 12/28/2011 35,500 Variable (3) 1/15/2017 $ 24 $ 23 Series F (4) 5/27/2020 5,000 5.625 % 7/15/2030 494 494 Series G (4) 8/3/2020 5,000 4.45 10/15/2027 494 494 Series H (2) 2/2/2021 500,000 4.50 4/15/2026 486 486 Series I (5) 6/9/2021 7,000 5.70 12/01/2022 175 175 Series J (2) 3/6/2023 325,000 6.875 4/15/2028 317 317 Series K (4) 9/11/2025 7,500 6.25 10/15/2030 741 Total 885,000 $ 2,731 $ 1,989 (1) Redeemable at Huntingtons option on the date stated or on a quarterly basis thereafter. (2) Liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends. (3) Dividend rate equal to 3-month CME Term SOFR + 26 bps spread adjustment + 270 bps. (4) Liquidation value and redemption price per share of $100,000, plus any declared and unpaid dividends. (5) Liquidation value and redemption price per share of $25,000, plus any declared and unpaid dividends. The following table presents the dividends declared for each series of preferred shares. Year Ended December 31, 2025 2024 2023 (amounts in millions, except per share data) Cash Dividend Declared Per Share Cash Dividend Declared Per Share Cash Dividend Declared Per Share Amount …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

BUSINESS COMBINATIONS Veritex Acquisition On October 20, 2025, Huntington completed the acquisition of Veritex Holdings, Inc. (Veritex), a bank holding company headquartered in Dallas, Texas, pursuant to the Agreement and Plan of Merger dated July 13, 2025 (Veritex Merger Agreement). Upon completion of the acquisition, Veritex merged with and into Huntington, with Huntington as the surviving company, immediately followed by the merger of Veritexs wholly owned subsidiary bank, Veritex Community Bank, with and into Huntingtons wholly owned subsidiary bank, Huntington National Bank, with Huntington National Bank as the surviving bank. Under the terms of the Veritex Merger Agreement, Huntington issued 1.95 shares of its common stock for each outstanding share of Veritex common stock (Veritex Merger Consideration), in a 100% stock transaction, with cash paid in lieu of fractional shares. In addition, each holder of an outstanding Veritex stock option received cash equal to the per-share value of the Veritex Merger Consideration over the per-share exercise price, while any Veritex stock option with a per-share exercise price that was equal to or greater than the per share value of the Merger Consideration was cancelled for no consideration, and each outstanding restricted stock unit representing a right to receive Veritex common stock was converted into a restricted stock unit representing a right to receive Huntingtons common stock as adjusted by the 1.95 exchange ratio. Upon comp …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENT LIABILITIES Commitments to Extend Credit In the ordinary course of business, Huntington makes various commitments to extend credit that are not reflected in the Unaudited Consolidated Financial Statements. The contract amounts of these financial agreements were as follows: (dollar amounts in millions) At June 30, 2026 At December 31, 2025 Contract amount representing credit risk Commitments to extend credit: Commercial and industrial $ 56,581 $ 47,736 Consumer loan portfolio 24,954 21,659 Commercial real estate 6,409 4,036 Standby letters of credit and guarantees on industrial revenue bonds 1,488 895 Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customers credit quality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature. Certain commitments to extend credit are secured by collateral, including residential and …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents total noninterest income disaggregated by operating segment and segregated between revenue with contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics. (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated Major Revenue Streams Three months ended June 30, 2026 Payments and cash management revenue $ 134 $ 59 $ $ 193 Wealth and asset management revenue 128 6 134 Customer deposit and loan fees 72 5 77 Capital markets and advisory fees 7 65 72 Leasing revenue 2 (1) 1 Insurance income 17 3 1 21 Other noninterest income 2 (1) 3 4 Net revenue from contracts with customers 362 136 4 502 Noninterest income within the scope of other GAAP topics 95 139 49 283 Total noninterest income $ 457 $ 275 $ 53 $ 785 Three months ended June 30, 2025 Payments and cash management revenue $ 117 $ 33 $ $ 150 Wealth and asset management revenue 98 4 102 Customer deposit and loan fees 58 4 62 Capital markets and advisory fees 2 39 41 Leasing revenue 3 3 Insurance income 19 19 Other noninterest income 1 1 (2) Net revenue from contracts with customers 295 84 (2) 377 Noninterest income within the scope of other GAAP topics 44 93 (43) 94 Total noninterest income $ 339 $ 177 $ (45) $ 471 (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated Major Revenue Streams Six Months Ended June 30, 2026 Payments …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

FAIR VALUES OF ASSETS AND LIABILITIES See Note 19 - Fair Value of Assets and Liabilities to the Consolidated Financial Statements appearing in Huntingtons 2025 Annual Report on Form 10-K for a description of the valuation methodologies used for instruments measured at fair value. Assets and liabilities measured at fair value rarely transfer between Level 1 and Level 2 measurements. There were no such transfers during the three-month and six-month periods ended June 30, 2026 and 2025 . Assets and Liabilities measured at fair value on a recurring basis The following tables present our assets and liabilities measured at fair value on a recurring basis, including instruments where we have elected the fair value option. Fair Value Measurements at Reporting Date Using Netting Adjustments (1) Total (dollar amounts in millions) Level 1 Level 2 Level 3 At June 30, 2026 Assets Trading account assets $ 10 $ 316 $ $ $ 326 Available-for-sale securities: U.S. Treasury 8,777 8,777 Residential MBS 11,955 11,955 Residential CMO 6,333 6,333 Commercial MBS 2,567 2,567 Other agencies 474 474 Municipal securities 84 4,565 4,649 Corporate debt 169 169 Asset-backed securities 136 43 179 Private-label CMO 73 20 93 Other securities/sovereign debt 10 10 Total available-for-sale securities 8,777 21,801 4,628 35,206 Other securities 30 43 73 Loans held for sale 1,287 1,287 Loans held for investment 102 62 164 MSRs 752 752 Other assets: Derivative assets 547 12 (322) 237 Assets held in trust for deferred …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETS In conjunction with the Cadence acquisition, Huntington recorded $3.5 billion of goodwill and $855 million of core deposit intangible assets, which is included in servicing rights and other intangible assets on the Unaudited Consolidated Balance Sheets. For additional information on the Cadence acquisition, see Note 3 - Business Combinations of the Notes to Unaudited Consolidated Financial Statements. A rollforward of goodwill by business segment for which goodwill is allocated is presented in the table below. (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Huntington Consolidated Balance, December 31, 2025 $ 3,855 $ 2,142 $ 5,997 Cadence acquisition (1) 2,597 900 3,497 Other activity 33 33 Balance, June 30, 2026 $ 6,452 $ 3,075 $ 9,527 (1) On February 1, 2026, Huntington completed the acquisition of Cadence. Fair value estimates related to the acquired assets and liabilities are subject to adjustment during the one-year measurement period following the closing of the acquisition. Huntingtons other intangible assets consisted of the following: (dollar amounts in millions) Gross Carrying Amount Accumulated Amortization Net Carrying Value At June 30, 2026 Core deposit intangible $ 1,328 $ (427) $ 901 Other intangible assets 76 (62) 14 Total other intangible assets $ 1,404 $ (489) $ 915 At December 31, 2025 Core deposit intangible $ 473 $ (335) $ 138 Other intangible assets 66 (59) 7 Total other intangible asse …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

BORROWINGS Borrowings with original maturities of one year or less are classified as short-term and were comprised of the following. (dollar amounts in millions) At June 30, 2026 At December 31, 2025 Securities sold under agreements to repurchase $ $ 22 FHLB advances 2,700 1,000 Other borrowings 411 239 Total short-term borrowings $ 3,111 $ 1,261 The carrying value of assets pledged as collateral against repurchase agreements totaled $40 million as of December 31, 2025 . There were no assets pledged as collateral against repurchase agreements as of June 30, 2026 . Assets pledged as collateral are reported in available-for-sale securities and held-to-maturity securities on the Unaudited Consolidated Balance Sheets. The repurchase agreements have maturities within 60 days . No amounts have been offset against the agreements. The following table summarizes the composition of Huntingtons long-term debt. (dollar amounts in millions) At June 30, 2026 At December 31, 2025 The Parent Company: Senior Notes $ 6,407 $ 5,514 Subordinated Notes 2,085 1,510 Total notes issued by the Parent Company 8,492 7,024 The Bank: Senior Notes 3,174 3,192 Subordinated Notes 236 233 Total notes issued by the Bank 3,410 3,425 FHLB Advances 4,653 4,514 Credit linked notes (1) 1,250 1,161 Auto loan securitization trust (2) 428 600 Other 505 497 Total long-term debt $ 18,738 $ 17,221 (1) As of June 30, 2026 , the weighted average contractual interest rate on the CLNs was 5.53% . Huntington has elected the …

LongTermDebtTextBlock · excerpt; the full note is in the filing

ACCOUNTING STANDARDS UPDATE Accounting standards not yet effective Standard Summary of guidance Effects on financial Statements ASU 2025-09 - Derivatives and Hedging (Topic 815): Hedge Accounting Improvements More closely aligns hedge accounting with the economics of an entitys risk management activities. Allows grouping of forecasted transactions with similar risk exposure. Enables hedging of variable price components of forecasted purchases or sales of nonfinancial assets. Introduces a model for hedging interest payments on debt instruments with multiple rate options and allows a borrower to select a documented interest rate index and/or tenor without automatically discontinuing hedge accounting. Removes the requirement for net written option test in certain compound derivative hedges. Effective for interim and annual reporting periods beginning after December 15, 2026, with early adoption permitted on any date on or after issuance of the ASU. The amendments should be applied prospectively to all hedging relationships beginning on or after the date of adoption. In the period of adoption, an entity must disclose the nature of, and reason for, the change in accounting principle and the method of applying the change. Huntington is in the process of evaluating the impact of this ASU on its consolidated financial statements. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue is segregated based on the nature of the product and services offered as part of contractual arrangements. Certain sources of revenue are recognized within interest or fee income and are outside of the scope of ASC Topic 606, Revenue from Contracts with Customers (ASC 606). Other sources of revenue fall within the scope of the ASC 606 and are generally recognized within noninterest income. The following table presents total noninterest income disaggregated by operating segment and segregated between revenue with contracts with customers within the scope of ASC 606 and revenue within the scope of other GAAP topics. (dollar amounts in millions) Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated Major Revenue Streams Three months ended June 30, 2026 Payments and cash management revenue $ 134 $ 59 $ $ 193 Wealth and asset management revenue 128 6 134 Customer deposit and loan fees 72 5 77 Capital markets and advisory fees 7 65 72 Leasing revenue 2 (1) 1 Insurance income 17 3 1 21 Other noninterest income 2 (1) 3 4 Net revenue from contracts with customers 362 136 4 502 Noninterest income within the scope of other GAAP topics 95 139 49 283 Total noninterest income $ 457 $ 275 $ 53 $ 785 Three months ended June 30, 2025 Payments and cash management revenue $ 117 $ 33 $ $ 150 Wealth and asset management revenue 98 4 102 Customer deposit and loan fees 58 4 62 Capital markets and advisory fees 2 39 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

SEGMENT REPORTING Huntingtons business segments are based on our internally aligned segment leadership structure, which is how management monitors results and assesses performance. Huntington reports on two business segments: Consumer & Regional Banking and Commercial Banking . All other items not included within our two business segments are reported within the Treasury / Other function, which primarily includes technology and operations, other unallocated assets, liabilities, revenue, and expenses. For a description of our business segments, s ee Note 25 - Segment Reporting to the Consolidated Financial Statements appearing in Huntingtons 2025 Annual Report on Form 10-K. The following tables present certain operating basis financial information for each reportable business segment reconciled to Huntingtons consolidated financial results. Consumer & Regional Banking Commercial Banking Treasury / Other Huntington Consolidated (dollar amounts in millions) Three months ended June 30, 2026 Net interest income (loss) $ 1,458 $ 719 $ (125) $ 2,052 Provision for credit losses 44 87 1 132 Net interest income (loss) after provision for credit losses 1,414 632 (126) 1,920 Noninterest income 457 275 53 785 Noninterest expense: Direct personnel costs 416 200 394 1,010 Other noninterest expense, including corporate allocations 741 244 (186) 799 Total noninterest expense 1,157 444 208 1,809 Income (loss) before income taxes 714 463 (281) 896 Provision (benefit) for income taxes 15 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SHAREHOLDERS' EQUITY Preferred Stock The following is a summary of Huntingtons non-cumulative, non-voting, perpetual preferred stock outstanding . (dollar amounts in millions) Issuance Date Shares Outstanding Dividend Rate Earliest Redemption Date (1) Carrying Amount Preferred Series At June 30, 2026 At December 31, 2025 Series B (2) 12/28/2011 35,500 Variable (3) 1/15/2017 $ 24 $ 24 Series F (4) 5/27/2020 5,000 5.625 % 7/15/2030 494 494 Series G (4) 8/3/2020 5,000 4.45 10/15/2027 494 494 Series H (2) 2/2/2021 500,000 4.50 4/15/2026 486 486 Series I (5) 6/9/2021 7,000 5.70 12/01/2022 175 175 Series J (2) 3/6/2023 325,000 6.875 4/15/2028 317 317 Series K (4) 9/11/2025 7,500 6.25 10/15/2030 741 741 Series L (5) 2/1/2026 6,900 5.50 (6) 150 Total 891,900 $ 2,881 $ 2,731 (1) Redeemable at Huntingtons option on the date stated or on a quarterly basis thereafter. (2) Liquidation value and redemption price per share of $1,000 , plus any declared and unpaid dividends. (3) 3-month CME Term SOFR + 26 bps spread adjustment + 270 bps. (4) Liquidation value and redemption price per share of $100,000 , plus any declared and unpaid dividends. (5) Liquidation value and redemption price per share of $25,000 , plus any declared and unpaid dividends. (6) Redeemable on any dividend payment date. The following table presents the dividends declared for each series of preferred stock. Three Months Ended Six Months Ended (amounts in millions, except per share data) June 30, 2026 June 30, 2025 June 30 …

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