Exhibit 99.2

HUNTINGTON BANCSHARES INCORPORATED

Quarterly Financial Supplement

March 31, 2022

Table of Contents

Quarterly Key Statistics	1
Consolidated Balance Sheets	3
Loans and Leases Composition	4
Deposits Composition	5
Consolidated Quarterly Average Balance Sheets	6
Consolidated Quarterly Net Interest Margin - Interest Income / Expense	7
Consolidated Quarterly Net Interest Margin - Yield	8
Selected Quarterly Income Statement Data	9
Quarterly Mortgage Banking Income	10
Quarterly Credit Reserves Analysis	11
Quarterly Net Charge-Off Analysis	12
Quarterly Nonaccrual Loans and Leases (NALs) and Nonperforming Assets (NPAs)	13
Quarterly Accruing Past Due Loans and Leases	14
Quarterly Capital Under Current Regulatory Standards (Basel III) and Other Capital Data	15
Quarterly Common Stock Summary, Non-Regulatory Capital, and Other Data	16
Reconciliation of Non-GAAP Financial Measures	17

Notes:

The preparation of financial statement data in conformity with accounting principles generally accepted in the United States (GAAP) requires management to make estimates and assumptions that affect amounts reported. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period’s presentation.

Fully-Taxable Equivalent Basis

Interest income, yields, and ratios on a FTE basis are considered non-GAAP financial measures.  Management believes net interest income on a FTE basis provides a more accurate picture of the interest margin for comparison purposes.  The FTE basis also allows management to assess the comparability of revenue arising from both taxable and tax-exempt sources.  The FTE basis assumes a federal statutory tax rate of 21%.

Non-Regulatory Capital Ratios

In addition to capital ratios defined by banking regulators, the Company considers various other measures when evaluating capital utilization and adequacy, including:

•Tangible common equity to tangible assets, and

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

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. These 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. These ratios are not defined in GAAP or federal banking regulations. As a result, these non-regulatory capital ratios disclosed by the Company may be considered non-GAAP financial measures.

Because there are no standardized definitions for these non-regulatory capital ratios, the Company’s calculation methods may differ from those used by other financial services companies. Also, there may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in the related press release in their entirety, and not to rely on any single financial measure.

Huntington Bancshares Incorporated

Quarterly Key Statistics

(Unaudited)

	Three Months Ended
(dollar amounts in millions, except per share data)	March 31,			December 31,			March 31,			Percent Changes vs.
	2022			2021			2021			4Q21		1Q21
Net interest income (2)	$	1,154		$	1,138		$	978		1	%	18	%
FTE adjustment	(8)			(6)			(6)			(33)		(33)
Net interest income	1,146			1,132			972			1		18
Provision for credit losses	25			(64)			(60)			139		142
Noninterest income	499			515			395			(3)		26
Noninterest expense	1,053			1,221			793			(14)		33
Income before income taxes	567			490			634			16		(11)
Provision for income taxes	105			88			102			19		3
Income after income taxes	462			402			532			15		(13)
Income attributable to non-controlling interest	2			1			—			100		100
Net income attributable to Huntington Bancshares Inc	460			401			532			15		(14)
Dividends on preferred shares	28			28			31			—		(10)
Impact of preferred stock redemption	—			(4)			—			100		—
Net income applicable to common shares	$	432		$	377		$	501		15	%	(14)	%
Net income per common share - diluted	$	0.29		$	0.26		$	0.48		12	%	(40)	%
Cash dividends declared per common share	0.155			0.155			0.15			—		3
Tangible book value per common share at end of period	7.47			8.06			8.64			(7)		(14)
Number of common shares repurchased	—			10			—			(100)		—
Average common shares - basic	1,438			1,444			1,018			—		41
Average common shares - diluted	1,464			1,471			1,041			—		41
Ending common shares outstanding	1,439			1,438			1,018			—		41
Return on average assets	1.05		%	0.92		%	1.76		%
Return on average common shareholders’ equity	10.4			8.7			18.7
Return on average tangible common shareholders’ equity (1)	15.8			13.2			23.7
Net interest margin (2)	2.88			2.85			3.48
Efficiency ratio (3)	62.9			73.0			57.0
Effective tax rate	18.5			18.0			16.1
Average total assets	$	177,612		$	173,672		$	122,995		2		44
Average earning assets	162,414			158,692			114,105			2		42
Average loans and leases	111,142			109,488			80,261			2		38
Average loans and leases - linked quarter annualized growth rate	6.0		%	(0.7)		%	(4.2)		%
Average total deposits	$	142,917		$	142,303		$	99,285		—		44
Average core deposits (4)	139,148			138,008			95,815			1		45
Average core deposits - linked quarter annualized growth rate	3.3		%	0.6		%	15.1		%
Average shareholders’ equity	19,064			19,375			13,324			(2)		43
Average common total shareholders' equity	16,898			17,193			10,858			(2)		56
Average tangible common shareholders' equity	11,364			11,675			8,722			(3)		30
Total assets at end of period	176,856			174,064			125,768			2		41
Total shareholders’ equity at end of period	18,452			19,297			13,600			(4)		36
NCOs as a % of average loans and leases	0.07		%	0.12		%	0.32		%
NAL ratio	0.60			0.64			0.64
NPA ratio (5)	0.63			0.67			0.68
Allowance for loan and lease losses (ALLL) as a % of total loans and leases at the end of period	1.79			1.82			2.12
Allowance for credit losses (ACL) as a % of total loans and leases at the end of period	1.87			1.89			2.17
Common equity tier 1 risk-based capital ratio (6)	9.22			9.33			10.32
Tangible common equity / tangible asset ratio (7)	6.28			6.88			7.11

See Notes to the Quarterly Key Statistics.

1

Key Statistics Footnotes

(1)Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity. Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill. Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 21% tax rate.

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

(3)Noninterest expense less amortization of intangibles divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).

(4)Includes noninterest-bearing and interest-bearing demand deposits, money market deposits, savings and other domestic deposits, and core certificates of deposit.

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

(6)March 31, 2022, figures are estimated.

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

2

Huntington Bancshares Incorporated

Consolidated Balance Sheets

	March 31,		December 31,
(dollar amounts in millions)	2022		2021		Percent Changes
	(Unaudited)
Assets
Cash and due from banks	$	1,708	$	1,811	(6)	%
Interest-bearing deposits at Federal Reserve Bank	2,816		3,711		(24)
Interest-bearing deposits in banks	98		392		(75)
Trading account securities	74		46		61
Available-for-sale securities	25,152		28,460		(12)
Held-to-maturity securities	17,190		12,447		38
Other securities	1,056		648		63
Loans held for sale	1,070		1,676		(36)
Loans and leases (1)	112,817		111,267		1
Allowance for loan and lease losses	(2,018)		(2,030)		1
Net loans and leases	110,799		109,237		1
Bank owned life insurance	2,762		2,765		—
Accrued income and other receivables	2,199		1,319		67
Premises and equipment	1,173		1,164		1
Goodwill	5,349		5,349		—
Servicing rights and other intangible assets	665		611		9
Other assets	4,745		4,428		7
Total assets	$	176,856	$	174,064	2	%
Liabilities and shareholders’ equity
Liabilities
Deposits (2)	$	146,965	$	143,263	3	%
Short-term borrowings	652		334		95
Long-term debt	6,508		7,108		(8)
Other liabilities	4,250		4,041		5
Total liabilities	158,375		154,746		2
Shareholders' equity
Preferred stock	2,167		2,167		—
Common stock	14		14		—
Capital surplus	15,255		15,222		—
Less treasury shares, at cost	(78)		(79)		1
Accumulated other comprehensive income (loss)	(1,314)		(229)		(474)
Retained earnings	2,408		2,202		9
Total Huntington Bancshares Inc shareholders’ equity	18,452		19,297		(4)
Non-controlling interest	29		21		38
Total equity	18,481		19,318		(4)
Total liabilities and shareholders’ equity	$	176,856	$	174,064	2	%
Common shares authorized (par value of $0.01)	2,250,000,000		2,250,000,000
Common shares outstanding	1,439,174,659		1,437,742,172
Treasury shares outstanding	6,211,714		6,298,288
Preferred stock, authorized shares	6,617,808		6,617,808
Preferred shares outstanding	557,500		557,500

(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)

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2022				2021				2021				2021				2021
Ending Balances by Type:
Total loans
Commercial:
Commercial and industrial	$	42,236	37	%	$	41,688	37	%	$	40,452	37	%	$	41,900	37	%	$	32,297	40	%
Commercial real estate:
Construction	2,010		2		1,871		2		1,812		2		1,926		2		1,083		1
Commercial	13,381		12		13,090		12		12,882		11		12,848		12		6,096		8
Commercial real estate	15,391		14		14,961		14		14,694		13		14,774		14		7,179		9
Lease financing	4,978		4		5,000		4		4,991		5		5,027		5		2,167		3
Total commercial	62,605		55		61,649		55		60,137		55		61,701		56		41,643		52
Consumer:
Residential mortgage	19,942		18		19,256		17		18,922		17		18,729		17		12,092		15
Automobile	13,480		12		13,434		12		13,305		12		13,174		12		12,591		16
Home equity	10,343		9		10,550		9		10,919		10		11,317		10		8,727		11
RV and marine	5,191		5		5,058		5		5,052		5		4,960		4		4,218		5
Other consumer	1,256		1		1,320		2		1,223		1		1,187		1		959		1
Total consumer	50,212		45		49,618		45		49,421		45		49,367		44		38,587		48
Total loans and leases	$	112,817	100	%	$	111,267	100	%	$	109,558	100	%	$	111,068	100	%	$	80,230	100	%

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2022				2021				2021				2021				2021
Ending Balances by Business Segment:
Commercial Banking	$	51,132	45	%	$	49,372	44	%	$	46,988	43	%	$	46,559	42	%	$	27,318	34	%
Consumer and Business Banking	31,756		29		32,715		30		34,267		31		35,961		32		26,658		33
Vehicle Finance	21,344		19		20,968		19		20,353		19		20,196		18		19,474		24
RBHPCG (Regional Banking and The Huntington Private Client Group)	8,435		7		8,012		7		7,743		7		7,394		7		6,587		8
Treasury / Other	150		—		200		—		207		—		958		1		193		1
Total loans and leases	$	112,817	100	%	$	111,267	100	%	$	109,558	100	%	$	111,068	100	%	$	80,230	100	%
Average Balances by Business Segment:
Commercial Banking	$	49,515	45	%	$	47,281	43	%	$	46,180	43	%	$	31,896	37	%	$	26,694	33	%
Consumer and Business Banking	32,134		29		33,434		31		35,544		32		28,905		33		27,069		34
Vehicle Finance	21,155		19		20,598		19		20,219		18		19,548		22		19,735		25
RBHPCG	8,178		7		7,842		7		7,527		7		6,840		8		6,568		8
Treasury / Other	160		—		333		—		198		—		205		—		195		—
Total loans and leases	$	111,142	100	%	$	109,488	100	%	$	109,668	100	%	$	87,394	100	%	$	80,261	100	%

4

Huntington Bancshares Incorporated

Deposits Composition

(Unaudited)

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2022				2021				2021				2021				2021
Ending Balances by Type:
Demand deposits - noninterest-bearing	$	43,824	29	%	$	43,236	30	%	$	44,560	31	%	$	45,249	32	%	$	31,226	30	%
Demand deposits - interest-bearing	42,099		29		39,837		28		36,423		26		34,938		24		27,493		27
Money market deposits	33,444		23		32,522		23		32,662		23		33,616		24		26,268		26
Savings and other domestic deposits	21,716		15		21,088		15		20,773		15		20,876		15		13,115		13
Core certificates of deposit (1)	2,358		2		2,740		2		3,080		2		3,537		2		1,329		1
Total core deposits	143,441		98		139,423		98		137,498		97		138,216		97		99,431		97
Other domestic deposits of $250,000 or more	274		—		359		—		521		—		675		—		105		—
Negotiable CDS, brokered and other deposits	3,250		2		3,481		2		3,879		3		3,914		3		2,648		3
Total deposits	$	146,965	100	%	$	143,263	100	%	$	141,898	100	%	$	142,805	100	%	$	102,184	100	%
Total core deposits:
Commercial	$	64,013	45	%	$	61,521	44	%	$	61,210	45	%	$	61,055	44	%	$	46,539	47	%
Consumer	79,428		55		77,902		56		76,288		55		77,161		56		52,892		53
Total core deposits	$	143,441	100	%	$	139,423	100	%	$	137,498	100	%	$	138,216	100	%	$	99,431	100	%

	March 31,				December 31,				September 30,				June 30,				March 31,
(dollar amounts in millions)	2022				2021				2021				2021				2021
Ending Balances by Business Segment:
Commercial Banking	$	35,034	24	%	$	31,845	22	%	$	32,531	23	%	$	32,624	23	%	$	25,420	25	%
Consumer and Business Banking	96,907		65		95,352		67		94,439		67		95,693		67		65,437		64
Vehicle Finance	1,323		1		1,401		1		1,437		1		1,155		1		849		1
RBHPCG	9,672		7		10,162		7		9,025		6		8,416		6		7,163		7
Treasury / Other (2)	4,029		3		4,503		3		4,466		3		4,917		3		3,315		3
Total deposits	$	146,965	100	%	$	143,263	100	%	$	141,898	100	%	$	142,805	100	%	$	102,184	100	%
Average Balances by Business Segment:
Commercial Banking	$	33,355	23	%	$	31,950	22	%	$	32,867	23	%	$	27,372	24	%	$	25,100	25	%
Consumer and Business Banking	94,464		66		94,593		67		94,719		67		73,011		65		62,333		63
Vehicle Finance	1,289		1		1,501		1		1,328		1		1,035		1		768		1
RBHPCG	9,520		7		9,505		7		8,587		6		7,564		7		7,059		7
Treasury / Other (2)	4,289		3		4,754		3		4,802		3		3,696		3		4,025		4
Total deposits	$	142,917	100	%	$	142,303	100	%	$	142,303	100	%	$	112,678	100	%	$	99,285	100	%

(1)Includes consumer certificates of deposit of $250,000 or more.

(2)Comprised primarily of national market deposits.

5

Huntington Bancshares Incorporated

Consolidated Quarterly Average Balance Sheets

(Unaudited)

	Quarterly Average Balances (1)
	March 31,		December 31,		September 30,		June 30,		March 31,		Percent Changes vs.
(dollar amounts in millions)	2022		2021		2021		2021		2021		4Q21		1Q21
Assets
Interest-bearing deposits at Federal Reserve Bank	$	7,195	$	7,227	$	11,536	$	7,636	$	6,065	—	%	19	%
Interest-bearing deposits in banks	174		521		466		319		177		(67)		(2)
Securities:
Trading account securities	46		51		49		48		52		(10)		(12)
Available-for-sale securities:
Taxable	24,205		23,895		20,147		20,096		14,827		1		63
Tax-exempt	2,886		3,057		3,116		2,832		2,650		(6)		9
Total available-for-sale securities	27,091		26,952		23,263		22,928		17,477		1		55
Held-to-maturity securities - taxable	14,556		12,421		11,964		7,280		8,269		17		76
Other securities	967		651		677		479		412		49		135
Total securities	42,660		40,075		35,953		30,735		26,210		6		63
Loans held for sale	1,243		1,381		1,525		1,294		1,392		(10)		(11)
Loans and leases: (2)
Commercial:
Commercial and industrial	41,397		40,582		40,597		34,126		32,153		2		29
Commercial real estate:
Construction	1,877		1,820		1,803		1,310		1,053		3		78
Commercial	13,186		12,758		12,891		7,773		6,122		3		115
Commercial real estate	15,063		14,578		14,694		9,083		7,175		3		110
Lease financing	4,912		4,933		4,983		2,798		2,199		—		123
Total commercial	61,372		60,093		60,274		46,007		41,527		2		48
Consumer:
Residential mortgage	19,505		18,955		18,886		13,768		12,094		3		61
Automobile	13,463		13,355		13,209		12,793		12,665		1		6
Home equity	10,414		10,748		11,106		9,375		8,809		(3)		18
RV and marine	5,103		5,040		4,998		4,447		4,193		1		22
Other consumer	1,285		1,297		1,195		1,004		973		(1)		32
Total consumer	49,770		49,395		49,394		41,387		38,734		1		28
Total loans and leases	111,142		109,488		109,668		87,394		80,261		2		38
Allowance for loan and lease losses	(2,047)		(2,112)		(2,219)		(1,828)		(1,809)		3		(13)
Net loans and leases	109,095		107,376		107,449		85,566		78,452		2		39
Total earning assets	162,414		158,692		159,148		127,378		114,105		2		42
Cash and due from banks	1,648		1,695		1,535		1,106		1,080		(3)		53
Goodwill and other intangible assets	5,584		5,570		5,578		3,055		2,176		—		157
All other assets	10,013		9,827		9,791		8,119		7,443		2		35
Total assets	$	177,612	$	173,672	$	173,833	$	137,830	$	122,995	2	%	44	%
Liabilities and shareholders’ equity
Interest-bearing deposits:
Demand deposits - interest-bearing	$	40,634	$	38,441	$	35,690	$	29,729	$	26,812	6	%	52	%
Money market deposits	32,672		32,400		33,281		28,124		26,247		1		24
Savings and other domestic deposits	21,316		20,896		20,931		15,190		12,277		2		74
Core certificates of deposit (3)	2,560		2,909		3,319		1,832		1,384		(12)		85
Other domestic deposits of $250,000 or more	316		452		582		259		115		(30)		175
Negotiable CDS, brokered and other deposits	3,453		3,843		3,905		2,986		3,355		(10)		3
Total interest-bearing deposits	100,951		98,941		97,708		78,120		70,190		2		44
Short-term borrowings	4,728		342		317		241		208		1,282		2,173
Long-term debt	6,914		7,674		7,587		6,887		7,766		(10)		(11)
Total interest-bearing liabilities	112,593		106,957		105,612		85,248		78,164		5		44
Demand deposits - noninterest-bearing	41,966		43,362		44,595		34,558		29,095		(3)		44
All other liabilities	3,964		3,957		3,823		2,608		2,412		—		64
Total Huntington Bancshares Inc shareholders’ equity	19,064		19,375		19,783		15,410		13,324		(2)		43
Non-controlling interest	25		21		20		6		—		19		100
Total equity	19,089		19,396		19,803		15,416		13,324		(2)		43
Total liabilities and shareholders’ equity	$	177,612	$	173,672	$	173,833	$	137,830	$	122,995	2	%	44	%

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

(2)Includes nonaccrual loans and leases.

(3)Includes consumer certificates of deposit of $250,000 or more.

6

Huntington Bancshares Incorporated

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

(Unaudited)

	Quarterly Interest Income / Expense
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2022		2021		2021		2021		2021
Assets
Interest-bearing deposits at Federal Reserve Bank	$	3	$	3	$	4	$	2	$	2
Interest-bearing deposits in banks	—		—		1		—		—
Securities:
Trading account securities	—		—		—		1		—
Available-for-sale securities:
Taxable	90		77		68		67		49
Tax-exempt	22		19		18		17		17
Total available-for-sale securities	112		96		86		84		66
Held-to-maturity securities - taxable	66		50		47		35		42
Other securities	5		4		2		2		2
Total securities	183		150		135		122		110
Loans held for sale	10		10		13		9		9
Loans and leases:
Commercial:
Commercial and industrial	392		393		419		319		315
Commercial real estate:
Construction	17		17		17		12		9
Commercial	97		102		105		60		40
Commercial real estate	114		119		122		72		49
Lease financing	61		61		61		36		28
Total commercial	567		573		602		427		392
Consumer:
Residential mortgage	146		141		139		104		95
Automobile	112		119		121		115		116
Home equity	102		109		113		89		80
RV and marine	52		54		55		46		44
Other consumer	28		29		29		27		27
Total consumer	440		452		457		381		362
Total loans and leases	1,007		1,025		1,059		808		754
Total earning assets	$	1,203	$	1,188	$	1,212	$	941	$	875
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	$	3	$	3	$	3	$	4	$	2
Money market deposits	4		6		7		4		4
Savings and other domestic deposits	1		1		1		2		1
Core certificates of deposit (3)	1		—		(2)		1		2
Other domestic deposits of $250,000 or more	—		—		1		—		—
Negotiable CDS, brokered and other deposits	2		1		1		1		2
Total interest-bearing deposits	11		11		11		12		11
Short-term borrowings	7		1		—		—		—
Long-term debt	31		38		34		85		(114)
Total interest-bearing liabilities	49		50		45		97		(103)
Net interest income	$	1,154	$	1,138	$	1,167	$	844	$	978

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

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

(3)Includes consumer certificates of deposit of $250,000 or more.

7

Huntington Bancshares Incorporated

Consolidated Quarterly Net Interest Margin - Yield

(Unaudited)

	Quarterly Average Rates
	March 31,		December 31,		September 30,		June 30,		March 31,
Fully-taxable equivalent basis (1)	2022		2021		2021		2021		2021
Assets
Interest-bearing deposits at Federal Reserve Bank	0.17	%	0.15	%	0.17	%	0.11	%	0.10	%
Interest-bearing deposits in banks	0.15		0.06		0.04		0.01		0.08
Securities:
Trading account securities	3.39		3.67		2.98		2.96		3.64
Available-for-sale securities:
Taxable	1.49		1.29		1.34		1.34		1.32
Tax-exempt	3.00		2.40		2.37		2.42		2.52
Total available-for-sale securities	1.65		1.42		1.48		1.47		1.50
Held-to-maturity securities - taxable	1.81		1.59		1.58		1.94		2.02
Other securities	1.88		2.18		1.43		1.72		1.66
Total securities	1.72		1.49		1.52		1.59		1.67
Loans held for sale	3.15		3.14		3.23		2.79		2.64
Loans and leases: (3)
Commercial:
Commercial and industrial	3.79		3.79		4.04		3.70		3.91
Commercial real estate:
Construction	3.52		3.71		3.68		3.57		3.41
Commercial	2.94		3.14		3.17		3.06		2.64
Commercial real estate	3.01		3.21		3.23		3.13		2.75
Lease financing	4.93		4.81		4.84		5.00		5.18
Total commercial	3.69		3.73		3.91		3.67		3.78
Consumer:
Residential mortgage	2.99		2.97		2.95		3.04		3.13
Automobile	3.38		3.53		3.62		3.62		3.71
Home equity	3.99		4.01		4.03		3.79		3.71
RV and marine	4.15		4.31		4.33		4.13		4.30
Other consumer	8.96		9.06		9.72		10.61		11.17
Total consumer	3.57		3.64		3.67		3.69		3.78
Total loans and leases	3.64		3.69		3.80		3.68		3.78
Total earning assets	3.00		2.97		3.02		2.96		3.11
Liabilities
Interest-bearing deposits:
Demand deposits - interest-bearing	0.03		0.03		0.04		0.04		0.04
Money market deposits	0.05		0.08		0.08		0.06		0.06
Savings and other domestic deposits	0.02		0.02		0.03		0.04		0.04
Core certificates of deposit (4)	0.14		—		(0.23)		0.19		0.51
Other domestic deposits of $250,000 or more	0.08		0.18		0.21		0.26		0.22
Negotiable CDS, brokered and other deposits	0.17		0.14		0.15		0.16		0.18
Total interest-bearing deposits	0.04		0.05		0.05		0.06		0.06
Short-term borrowings	0.57		0.09		0.14		0.47		0.19
Long-term debt	1.83		1.93		1.81		4.97		(5.88)
Total interest-bearing liabilities	0.18		0.18		0.17		0.45		(0.53)
Net interest rate spread	2.82		2.79		2.85		2.51		3.64
Impact of noninterest-bearing funds on margin	0.06		0.06		0.06		0.15		(0.16)
Net interest margin	2.88	%	2.85	%	2.91	%	2.66	%	3.48	%

Commercial Loan Derivative Impact
(Unaudited)
	Average Rates
	2022		2021		2021		2021		2021
Fully-taxable equivalent basis (1)	First		Fourth		Third		Second		First
Commercial loans (2)(3)	3.47	%	3.53	%	3.65	%	3.27	%	3.22	%
Impact of commercial loan derivatives	0.22		0.20		0.26		0.40		0.56
Total commercial - as reported	3.69	%	3.73	%	3.91	%	3.67	%	3.78	%
Average 1 Month LIBOR	0.23	%	0.09	%	0.09	%	0.10	%	0.12	%

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

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

(3)Includes nonaccrual loans and leases.

(4)Includes consumer certificates of deposit of $250,000 or more.

8

Huntington Bancshares Incorporated

Selected Quarterly Income Statement Data

(Unaudited)

	Three Months Ended
(dollar amounts in millions, except per share data)	March 31,		December 31,		September 30,		June 30,		March 31,
	2022		2021		2021		2021		2021
Interest income	$	1,195	$	1,182	$	1,205	$	935	$	869
Interest expense	49		50		45		97		(103)
Net interest income	1,146		1,132		1,160		838		972
Provision for credit losses	25		(64)		(62)		211		(60)
Net interest income after provision for credit losses	1,121		1,196		1,222		627		1,032
Service charges on deposit accounts	97		101		114		88		69
Card and payment processing income	86		93		96		80		65
Mortgage banking income	49		61		81		67		100
Trust and investment management services	65		63		61		56		52
Capital markets fees	42		47		40		35		29
Insurance income	31		28		25		25		27
Leasing revenue	35		41		42		12		4
Bank owned life insurance income	17		22		15		16		16
Gain on sale of loans	28		1		2		3		3
Net gains (losses) on sales of securities	—		(1)		—		10		—
Other noninterest income	49		59		59		52		30
Total noninterest income	499		515		535		444		395
Personnel costs	580		632		643		592		468
Outside data processing and other services	165		269		304		162		115
Net occupancy	64		68		95		72		42
Equipment	81		68		79		55		46
Professional services	19		22		26		48		17
Marketing	21		35		25		15		14
Deposit and other insurance expense	18		18		17		8		8
Amortization of intangibles	14		14		13		11		10
Lease financing equipment depreciation	14		17		19		5		—
Other noninterest expense	77		78		68		104		73
Total noninterest expense	1,053		1,221		1,289		1,072		793
Income (loss) before income taxes	567		490		468		(1)		634
Provision for income taxes	105		88		90		14		102
Income (loss) after income taxes	462		402		378		(15)		532
Income attributable to non-controlling interest	2		1		1		—		—
Net income (loss) attributable to Huntington Bancshares Inc	460		401		377		(15)		532
Dividends on preferred shares	28		28		29		43		31
Impact of preferred stock redemption	—		(4)		15		—		—
Net income (loss) applicable to common shares	$	432	$	377	$	333	$	(58)	$	501
Average common shares - basic	1,438		1,444		1,463		1,125		1,018
Average common shares - diluted	1,464		1,471		1,487		1,125		1,041
Per common share
Net income (loss) - basic	$	0.30	$	0.26	$	0.23	$	(0.05)	$	0.49
Net income (loss) - diluted	0.29		0.26		0.22		(0.05)		0.48
Cash dividends declared	0.155		0.155		0.15		0.15		0.15
Revenue - fully-taxable equivalent (FTE)
Net interest income	$	1,146	$	1,132	$	1,160	$	838	$	972
FTE adjustment	8		6		7		6		6
Net interest income (1)	1,154		1,138		1,167		844		978
Noninterest income	499		515		535		444		395
Total revenue (1)	$	1,653	$	1,653	$	1,702	$	1,288	$	1,373

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

9

Huntington Bancshares Incorporated

Quarterly Mortgage Banking Noninterest Income

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,			Percent Changes vs.
(dollar amounts in millions)	2022			2021			2021			2021			2021			4Q21		1Q21
Net origination and secondary marketing income	$	37		$	56		$	80		$	70		$	94		(34)	%	(61)	%
Net mortgage servicing income
Loan servicing income	22			22			21			17			17			—		29
Amortization of capitalized servicing	(15)			(20)			(21)			(20)			(20)			25		25
Operating (expense) income	7			2			—			(3)			(3)			250		333
MSR valuation adjustment	51			(1)			1			(24)			51			5,200		—
Gains (losses) due to MSR hedging	(47)			2			(4)			22			(46)			(2,450)		(2)
Net MSR risk management	4			1			(3)			(2)			5			300		(20)
Total net mortgage servicing (expense) income	$	11		$	3		$	(3)		$	(5)		$	2		267	%	450	%
All other	1			2			4			2			4			(50)		(75)
Mortgage banking income	$	49		$	61		$	81		$	67		$	100		(20)	%	(51)	%
Mortgage origination volume	$	2,881		$	3,880		$	4,467		$	4,007		$	4,042		(26)	%	(29)	%
Mortgage origination volume for sale	1,519			2,380			2,514			2,265			2,669			(36)		(43)
Third party mortgage loans serviced (1)	31,570			31,017			30,554			30,398			23,585			2		34
Mortgage servicing rights (1)	416			351			338			327			274			19		52
MSR % of investor servicing portfolio (1)	1.32		%	1.13		%	1.11		%	1.08		%	1.16		%	17	%	14	%

(1)At period end.

10

Huntington Bancshares Incorporated

Quarterly Credit Reserves Analysis

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Allowance for loan and lease losses, beginning of period	$	2,030		$	2,107		$	2,218		$	1,703		$	1,814
Loan and lease charge-offs	(81)			(79)			(106)			(102)			(95)
Recoveries of loans and leases previously charged-off	62			45			51			40			31
Net loan and lease charge-offs	(19)			(34)			(55)			(62)			(64)
Provision (benefit) for loan and lease losses	7			(43)			(56)			145			(47)
Allowance on PCD loans and leases at acquisition	—			—			—			432			—
Allowance for loan and lease losses, end of period	2,018			2,030			2,107			2,218			1,703
Allowance for unfunded lending commitments, beginning of period	77			98			104			38			52
Provision (reduction in allowance) for unfunded lending commitments	14			(21)			(6)			66			(13)
Unfunded lending commitment losses	—			—			—			—			(1)
Allowance for unfunded lending commitments, end of period	91			77			98			104			38
Total allowance for credit losses, end of period	$	2,109		$	2,107		$	2,205		$	2,322		$	1,741
Allowance for loan and lease losses (ALLL) as % of:
Total loans and leases	1.79		%	1.82		%	1.92		%	2.00		%	2.12		%
Nonaccrual loans and leases (NALs)	296			284			245			227			330
Nonperforming assets (NPAs)	285			271			236			219			313
Total allowance for credit losses (ACL) as % of:
Total loans and leases	1.87		%	1.89		%	2.01		%	2.09		%	2.17		%
Nonaccrual loans and leases (NALs)	309			294			256			238			338
Nonperforming assets (NPAs)	298			281			247			229			320

	Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2022		2021		2021		2021		2021
Allocation of allowance for credit losses
Commercial
Commercial and industrial	$	937	$	832	$	801	$	1,030	$	824
Commercial real estate	521		586		678		499		332
Lease financing	56		44		70		89		41
Total commercial	1,514		1,462		1,549		1,618		1,197
Consumer
Residential mortgage	139		145		127		125		73
Automobile	101		108		122		141		156
Home equity	60		88		108		140		90
RV and marine	96		105		111		114		114
Other consumer	108		122		90		80		73
Total consumer	504		568		558		600		506
Total allowance for loan and lease losses	2,018		2,030		2,107		2,218		1,703
Allowance for unfunded lending commitments	91		77		98		104		38
Total allowance for credit losses	$	2,109	$	2,107	$	2,205	$	2,322	$	1,741

11

Huntington Bancshares Incorporated

Quarterly Net Charge-Off Analysis

(Unaudited)

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Net charge-offs (recoveries) by loan and lease type:
Commercial:
Commercial and industrial	$	(23)		$	6		$	28		$	37		$	28
Commercial real estate:
Construction	(1)			—			(1)			—			—
Commercial	9			(4)			8			17			(3)
Commercial real estate	8			(4)			7			17			(3)
Lease financing	5			3			12			5			24
Total commercial	(10)			5			47			59			49
Consumer:
Residential mortgage	—			(1)			—			—			—
Automobile	—			—			(4)			(4)			2
Home equity	(1)			(1)			(3)			(1)			—
RV and marine	3			2			—			—			3
Other consumer	27			29			15			8			10
Total consumer	29			29			8			3			15
Total net charge-offs	$	19		$	34		$	55		$	62		$	64
	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2022			2021			2021			2021			2021
Net charge-offs (recoveries) - annualized percentages:
Commercial:
Commercial and industrial	(0.22)		%	0.06		%	0.28		%	0.43		%	0.35		%
Commercial real estate:
Construction	(0.14)			(0.03)			(0.14)			(0.04)			(0.04)
Commercial	0.27			(0.13)			0.26			0.81			(0.17)
Commercial real estate	0.22			(0.12)			0.21			0.69			(0.15)
Lease financing	0.40			0.24			0.87			0.93			4.32
Total commercial	(0.06)			0.03			0.31			0.51			0.47
Consumer:
Residential mortgage	—			(0.01)			—			—			0.01
Automobile	0.01			(0.03)			(0.10)			(0.13)			0.05
Home equity	(0.03)			(0.04)			(0.08)			(0.08)			0.02
RV and marine	0.20			0.13			(0.01)			0.02			0.29
Other consumer	8.46			9.21			4.84			3.26			3.99
Total consumer	0.23			0.23			0.07			0.02			0.16
Net charge-offs as a % of average loans	0.07		%	0.12		%	0.20		%	0.28		%	0.32		%

12

Huntington Bancshares Incorporated

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

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Nonaccrual loans and leases (NALs):
Commercial and industrial	$	323		$	370		$	494		$	591		$	326
Commercial real estate	114			104			103			83			8
Lease financing	38			48			60			74			17
Residential mortgage	117			111			108			130			90
Automobile	4			3			3			3			3
Home equity	84			79			87			91			71
RV and marine	2			1			6			5			1
Total nonaccrual loans and leases	682			716			861			977			516
Other real estate, net:
Residential	10			8			6			5			2
Commercial	1			1			1			2			—
Total other real estate, net	11			9			7			7			2
Other NPAs (2)	15			25			25			30			26
Total nonperforming assets	$	708		$	750		$	893		$	1,014		$	544
Nonaccrual loans and leases as a % of total loans and leases	0.60		%	0.64		%	0.79		%	0.88		%	0.64		%
NPA ratio (3)	0.63			0.67			0.82			0.91			0.68
(NPA+90days)/(Loan+OREO) (4)	0.88			0.86			0.97			1.05			0.87

	Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
(dollar amounts in millions)	2022		2021		2021		2021		2021
Nonperforming assets, beginning of period	$	750	$	893	$	1,014	$	544	$	563
New nonperforming assets	204		146		195		116		129
Acquired NPAs	—		—		—		629		—
Returns to accruing status	(57)		(99)		(125)		(46)		(33)
Charge-offs	(32)		(35)		(51)		(77)		(52)
Payments	(155)		(152)		(128)		(81)		(55)
Sales	(2)		(3)		(12)		(71)		(8)
Nonperforming assets, end of period	$	708	$	750	$	893	$	1,014	$	544

(1)December 31, 2021 and all periods prior generally exclude loans and leases that were under payment deferral or granted other assistance, including amendments or waivers of financial covenants in response to the COVID-19 pandemic.

(2)Other nonperforming assets include certain impaired securities and/or nonaccrual loans held-for-sale.

(3)Nonperforming assets divided by the sum of loans and leases, net other real estate owned, and other NPAs.

(4)The sum of nonperforming assets and total accruing loans and leases past due 90 days or more divided by the sum of loans and leases and other real estate.

13

Huntington Bancshares Incorporated

Quarterly Accruing Past Due Loans and Leases

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Accruing loans and leases past due 90+ days:
Commercial and industrial	$	10		$	13		$	6		$	1		$	—
Lease financing	12			11			12			14			8
Residential mortgage (excluding loans guaranteed by the U.S. Government)	25			25			16			17			18
Automobile	6			6			5			4			5
Home equity	12			17			10			9			10
RV and marine	1			3			2			1			1
Other consumer	2			3			2			2			2
Total, excl. loans guaranteed by the U.S. Government	68			78			53			48			44
Add: loans guaranteed by U.S. Government	212			132			122			100			110
Total accruing loans and leases past due 90+ days, including loans guaranteed by the U.S. Government	$	280		$	210		$	175		$	148		$	154
Ratios:
Excluding loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.06		%	0.07		%	0.05		%	0.04		%	0.05		%
Guaranteed by U.S. Government, as a percent of total loans and leases	0.19			0.12			0.11			0.09			0.14
Including loans guaranteed by the U.S. Government, as a percent of total loans and leases	0.25			0.19			0.16			0.13			0.19

14

Huntington Bancshares Incorporated

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

(Unaudited)

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Common equity tier 1 risk-based capital ratio: (1)
Total shareholders’ equity	$	18,452		$	19,297		$	19,479		$	20,511		$	13,600
Regulatory capital adjustments:
CECL transitional amount (2)	328			437			440			459			422
Shareholders’ preferred equity	(2,177)			(2,177)			(2,281)			(2,866)			(2,680)
Accumulated other comprehensive income (loss) offset	1,314			230			125			19			56
Goodwill and other intangibles, net of related taxes	(5,474)			(5,484)			(5,477)			(5,479)			(2,095)
Deferred tax assets that arise from tax loss and credit carryforwards	(46)			(54)			(36)			(48)			(63)
Common equity tier 1 capital	12,397			12,249			12,250			12,596			9,240
Additional tier 1 capital
Shareholders’ preferred equity	2,177			2,177			2,281			2,866			2,680
Tier 1 capital	14,574			14,426			14,531			15,462			11,920
Long-term debt and other tier 2 qualifying instruments	1,464			1,539			1,552			1,062			610
Qualifying allowance for loan and lease losses	1,485			1,281			1,290			1,345			1,119
Tier 2 capital	2,949			2,820			2,842			2,407			1,729
Total risk-based capital	$	17,523		$	17,246		$	17,373		$	17,869		$	13,649
Risk-weighted assets (RWA)(1)	$	134,484		$	131,266		$	128,023		$	126,241		$	89,494
Common equity tier 1 risk-based capital ratio (1)	9.22		%	9.33		%	9.57		%	9.98		%	10.32		%
Other regulatory capital data:
Tier 1 leverage ratio (1)	8.43			8.56			8.62			11.65			9.85
Tier 1 risk-based capital ratio (1)	10.84			10.99			11.35			12.25			13.32
Total risk-based capital ratio (1)	13.03			13.14			13.57			14.15			15.25
Non-regulatory capital data:
Tangible common equity / RWA ratio (1)	8.00			8.83			9.14			9.61			9.82

(1)March 31, 2022, figures are estimated.

(2)Upon adoption in 2020, Huntington elected to temporarily delay certain effects of CECL on regulatory capital, utilizing a two-year delay followed by a three-year transition period. January 1, 2022 began the three-year transition period, whereby 100% of the day-one impact of adopting CECL and 25% of the cumulative change in the reported allowance for credit losses since adopting CECL will be recognized. As of March 31, 2022, 25% of the cumulative CECL deferral has been phased in.

15

Huntington Bancshares Incorporated

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

(Unaudited)

Quarterly common stock summary

	March 31, 2022		December 31, 2021		September 30, 2021		June 30, 2021		March 31, 2021
Cash dividends declared per common share	$	0.155	$	0.155	$	0.15	$	0.15	$	0.15
Common shares outstanding (in millions)
Average - basic	1,438		1,444		1,463		1,125		1,018
Average - diluted	1,464		1,471		1,487		1,125		1,041
Ending	1,439		1,438		1,446		1,477		1,018
Tangible book value per common share (1)	$	7.47	$	8.06	$	8.09	$	8.22	$	8.64
Common share repurchases (in millions)
Number of shares repurchased	—		10		33		—		—

Non-regulatory capital

	March 31,			December 31,			September 30,			June 30,			March 31,
(dollar amounts in millions)	2022			2021			2021			2021			2021
Calculation of tangible equity / asset ratio:
Total shareholders’ equity	$	18,452		$	19,297		$	19,479		$	20,511		$	13,600
Goodwill and other intangible assets	(5,577)			(5,591)			(5,571)			(5,585)			(2,171)
Deferred tax liability on other intangible assets (1)	48			51			54			56			38
Total tangible equity	12,923			13,757			13,962			14,982			11,467
Preferred equity	(2,167)			(2,167)			(2,267)			(2,851)			(2,676)
Total tangible common equity	$	10,756		$	11,590		$	11,695		$	12,131		$	8,791
Total assets	$	176,856		$	174,064		$	173,878		$	175,172		$	125,768
Goodwill and other intangible assets	(5,577)			(5,591)			(5,571)			(5,585)			(2,171)
Deferred tax liability on other intangible assets (1)	48			51			54			56			38
Total tangible assets	$	171,327		$	168,524		$	168,361		$	169,643		$	123,635
Tangible equity / tangible asset ratio	7.54		%	8.16		%	8.29		%	8.83		%	9.28		%
Tangible common equity / tangible asset ratio	6.28			6.88			6.95			7.15			7.11
Other data:
Number of employees (Average full-time equivalent)	19,722			20,309			20,908			17,018			15,449
Number of domestic full-service branches (2)	1,030			1,092			1,236			1,239			814
ATM Count	1,729			1,756			2,317			2,340			1,314

(1)Deferred tax liability related to other intangible assets is calculated at a 21% tax rate.

(2)Includes Regional Banking and The Huntington Private Client Group offices.

16

Huntington Bancshares Incorporated

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Huntington believes certain non-GAAP financial measures to be helpful in understanding Huntington’s results of operations. The following tables provide the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure.

	Three months ended					Change (%)
($ in millions)	March 31, 2022			December 31, 2021
Pre-Provision Net Revenue (PPNR)
Total revenue	$	1,645		$	1,647
FTE adjustment	8			6
Total revenue (FTE) (a)	1,653			1,653
Less: net gain/(loss) on securities	—			(1)
Total revenue (FTE), excluding net gain/(loss) on securities (b)	1,653			1,654
Noninterest expense (c)	1,053			1,221
Less: Notable items	46			187
Noninterest expense, excluding notable items (d)	1,007			1,034
PPNR (a-c)	600			432
PPNR, adjusted (b-d)	646			620		4	%
Return on Tangible Common Equity (ROTCE)
Average common shareholders' equity	$	16,898
Less: intangible assets and goodwill, net of deferred tax	$	5,535
Average tangible common shareholders' equity (e)	11,363
Net income applicable to common shares	432
Add: amortization of intangibles, net of deferred tax	11
Net income, excluding amortization of intangibles (f)	443
Add: Notable items, after tax	37
Net income, excluding amortization of intangibles and notable items (g)	$	480
ROTCE, annualized (f/e)	15.8		%
Adjusted ROTCE, annualized (g/e)	17.1		%

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