PARENT-ONLY FINANCIAL STATEMENTS

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

PARENT-ONLY FINANCIAL STATEMENTS

PARENT-ONLY FINANCIAL STATEMENTS

The parent-only financial statements, which include transactions with subsidiaries, are as follows.

Balance Sheets	At December 31,
(dollar amounts in millions)	2025		2024
Assets
Cash and due from banks	$	3,588	$	4,103
Due from The Huntington National Bank	3,116		2,817
Due from non-bank subsidiaries	18		18
Investment in The Huntington National Bank	24,712		20,127
Investment in non-bank subsidiaries	357		331
Accrued interest receivable and other assets	991		811
Total assets	$	32,782	$	28,207
Liabilities and shareholders’ equity
Long-term borrowings	$	7,024	$	7,177
Dividends payable, accrued expenses, and other liabilities	1,416		1,290
Total liabilities	8,440		8,467
Shareholders’ equity (1)	24,342		19,740
Total liabilities and shareholders’ equity	$	32,782	$	28,207

(1)See Consolidated Statements of Changes in Shareholders’ Equity.

Statements of Income	Year Ended December 31,
(dollar amounts in millions)	2025		2024		2023
Income
Dividends from:
The Huntington National Bank	$	795	$	2,041	$	1,706
Non-bank subsidiaries	55		15		27
Interest from:
The Huntington National Bank	164		204		77
Non-bank subsidiaries	1		2		2
Other	—		3		(1)
Total income	1,015		2,265		1,811
Expense
Personnel costs	10		7		5
Interest on borrowings	404		365		252
Other	256		176		191
Total expense	670		548		448
Income before income taxes and equity in undistributed net income of subsidiaries	345		1,717		1,363
Provision (benefit) for income taxes	(111)		(73)		(75)
Income before equity in undistributed net income of subsidiaries	456		1,790		1,438
Increase in undistributed net income of:
The Huntington National Bank	1,729		78		486
Non-bank subsidiaries	26		72		27
Net income	2,211		1,940		1,951
Other comprehensive income (loss) (1)	958		(190)		422
Comprehensive income	$	3,169	$	1,750	$	2,373

(1)See Consolidated Statements of Comprehensive Income for other comprehensive (loss) income detail.

Statements of Cash Flows	Year Ended December 31,
(dollar amounts in millions)	2025		2024		2023
Operating activities
Net income	$	2,211	$	1,940	$	1,951
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(1,755)		(150)		(513)
Depreciation and amortization	9		7		—
Other, net	278		(121)		192
Net cash provided by operating activities	743		1,676		1,630
Investing activities
Investment in subsidiaries	—		(1,750)		—
Repayments from subsidiaries	—		1,107		503
Advances to subsidiaries	(450)		(1,700)		(1,753)
Net cash received from business combinations	13		—		—
Other, net	(27)		(21)		(10)
Net cash used in investing activities	(464)		(2,364)		(1,260)
Financing activities
Net proceeds from issuance of long-term debt	—		2,995		1,250
Repayment of long-term debt	(489)		(734)		(323)
Dividends paid on common and preferred stock	(1,016)		(1,047)		(1,034)
Net proceeds from issuance of preferred stock	741		—		317
Redemption/repurchase of preferred stock	—		(410)		(82)
Other, net	(30)		(14)		(22)
Net cash provided by (used in) financing activities	(794)		790		106
Increase (decrease) in cash and cash equivalents	(515)		102		476
Cash and cash equivalents at beginning of year	4,103		4,001		3,525
Cash and cash equivalents at end of year	$	3,588	$	4,103	$	4,001
Supplemental disclosure:
Interest paid	$	384	$	332	$	228
Non-cash activity:
Fair value of long-term debt assumed in business combination	159		—		—