ACCOUNTING STANDARDS UPDATE

12 Months Ended

Dec. 31, 2025

Accounting Standards Update and Change in Accounting Principle [Abstract]

Accounting standards adopted in the current period


Standard	Summary of guidance	Effects on financial statements



ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures	•Requires a tabular rate reconciliation using both percentages and reporting currency amounts between the reported amount of income tax expense (or benefit) to the amount of statutory federal income tax at current rates for specified categories using specified disaggregation criteria. •Requires disclosure of the amount of net income taxes paid for federal, state, and foreign taxes, including amounts in each jurisdiction where net taxes paid are equal to or greater than a 5% quantitative threshold. •Requires disclosure of pre-tax income disaggregated between domestic and foreign tax jurisdictions, as well as income tax expense disaggregated by federal, state, and foreign jurisdictions.	•Effective for fiscal years beginning after December 15, 2024, with the first disclosure additions included in this Annual Report on Form 10-K for the year ended December 31, 2025. •The amendments have been applied on a retrospective basis. •The adoption did not have a material impact on Huntington’s Consolidated Financial Statements. •See Note 18 - “Income Taxes” for additional disclosure information.
ASU 2025-08 - Financial Instruments—Credit Losses (Topic 326): Purchased Loans	•Expands the population of acquired financial assets accounted for subject to the gross-up approach to include acquired loans (excluding credit cards) which are deemed “purchased seasoned loans” and accounted for using the gross-up approach upon acquisition if certain criteria are met. •Requires recognition of an allowance for credit losses at acquisition for purchased seasoned loans similar to recognition for purchased financial assets with credit deterioration.	•Effective for interim and annual reporting periods beginning after December 15, 2026. •The amendments should be applied on a prospective basis, with early adoption permitted in an interim or annual reporting period in which financial statements have not yet been issued. •Huntington elected to early adopt ASU 2025-08 as of October 1, 2025.


Accounting standards yet to be adopted

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 entity’s 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.