#1A Huntington Welcome. 2023 Fourth Quarter Investor Presentation November 8, 2023 The Huntington National Bank is Member FDICH Huntington and Huntington. Welcome.Ⓡ are federally registered service marks of Huntington Bancshares Incorporated. ©2023 Huntington Bancshares Incorporated.#2Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS The information contained or incorporated by reference in this presentation contains 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, and uncertainties. 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, believe, intend, estimate, plan, 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: changes in general economic, political, 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 matters, as well as volatility in financial markets; the impact of pandemics, including the COVID-19 pandemic and related variants and mutations, and their impact on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from recent bank failures and other volatility, including potential increased regulatory requirements and costs, such as FDIC special assessments, long-term debt requirements and heightened capital requirements, and 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 uninsured deposits which may require us to sell investment securities at a loss; rising 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; the effects of social media on market perceptions of us and banks generally; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve; volatility and disruptions in global capital and credit markets; movements in interest rates; transition away from LIBOR; 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; 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 OCC, Federal Reserve, FDIC, and CFPB; and other factors that may affect the future results of Huntington. Additional factors that could cause results to differ materially from those described above can be found in Huntington's Annual Report on Form 10-K for the year ended December 31, 2022 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, which are on file with the Securities and Exchange Commission (the "SEC") and available in the "Investor Relations" section of Huntington's website http://www.huntington.com, under the heading "Publications and Filings" and in other documents Huntington files with the SEC. All 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 circumstances or events 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. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. Huntington#3Table of Contents Huntington Overview Segment Overview Commercial Banking Overview 12 3 12 11 Noninterest Expense 38 Expense Initiatives 39 Capital Positioning Capital Markets 14 CET1 Comparison Consumer & Regional Banking Overview 15 Tangible Book Value Growing Primary Relationships 16 Asset Quality & Reserve Regional Banking Model 17 CRE Overview Medium-Term Revenue Growth 18 Leveraged Lending Financial Update 19 3Q23 Financial Performance Sustained Profitability Loans and Leases Loan Yields Deposits Diversified Sources of Liquidity Net Interest Income Deposit Costs Notes Balance Sheet Management 34 Securities Portfolio 35 Noninterest Income 36 Strategic Fee Focus Areas 37 2222223333333 Auto Overview 20 Auto Credit Performance Medium-Term Targets 21 4Q23 Outlook 2024 Management Priorities 24 Appendix 25 Basis of Presentation 31 Impact of Purchase Accounting Non-GAAP Reconciliations 54 32 2 4 4 4 2 2 2 52256 60 40 41 42 43 44 45 46 47 48 49 50 51 2023 Fourth Quarter Investor Presentation | 3 Huntington#4Overview Huntington Welcome:#5Huntington: A Purpose-Driven Company OUR PURPOSE We make people's lives better, help businesses thrive, and strengthen the communities we serve OUR VISION To be the leading People-First, Digitally Powered Bank Purpose and Vision Linked to Business Strategies Guided by Through-the-Cycle Aggregate Moderate-to-Low Risk Appetite 2023 Fourth Quarter Investor Presentation 5 Huntington#6Leading Midwest Regional Bank with Scaled, National Businesses $187B Assets $149B Deposits $121B Loans and Leases Established Market Leadership Industry Leading Consumer and Business Franchise #1 JD Power Mobile App 5 Years in a row¹ Nationally consumer checking households MSA's Top 5 Deposit Rank5 69% 54% ⚫ 3.2 million #1 SBA Lender 5 Years in a row² • Stable, high quality deposit base • Leading brand HBAN Peers Compelling Results ✓ Top 20 U.S. Bank by Deposits ✓ Top-tier total loss absorbing capacity with 11.8% CET1 (Reported and Adjusted for ACL) Distinguished brand, talent, and culture Strong risk and credit management through the cycle Scaled National Commercial Franchise 4x Increase to Commercial Bank Size³ Diversified Businesses Consumer/Commercial • Strong base of Leading operating deposits Asset Finance Businesses . #5 Equipment Finance4 Loans and 45% 43% 55% Leases Deposits 57% Top-tier distribution finance Note: All stats as of 3Q23 (ADB) unless otherwise noted See notes on slide 60 Best Large Employers Forbes6 #1 NPS7 Net Promoter Score 2023 Fourth Quarter Investor Presentation | 6 Huntington#7Winning with Differentiation . . • Culture Brand Technology & Innovation Growth Opportunities K BBB Top-tier Talent Colleagues are our Brand Passion for Customers, Communities, and Service Trust and NPS • Local Model • Expertise and Capabilities • Award Winning Digital • Continuous Launch of Disruptive Products • Agile Development Roadmaps . Strategic Growth Initiatives ⚫ TCF Revenue Synergies Executive Team with Track Record of Successful Execution 2023 Fourth Quarter Investor Presentation | 7 Huntington#8Leading Brand is a Key Source of Competitive Strength Huntington #1 Trust(1) Trustworthiness #1 #1 Satisfaction (1) HBAN Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 Bank 6 Bank 7 See notes on slide 60 NPS(1) Net Promoter Score Overall Customer Satisfaction HBAN HBAN Bank 1 Bank 2 Bank 3 Bank 1 Bank 5 Bank 5 Bank 2 Bank 3 Bank 4 Bank 6 Bank 7 Bank 4 Bank 6 Bank 7 Industry-leading Mobile and Online Customer Satisfaction HIGHEST CUSTOMER SATISFACTION J.D.POWER AIL BANKING TH CENTRAL NORTH HUNTINGTON #1 Customer Satisfaction (2) GHEST CUSTOMER SATISFACTION J.D.POWER HUNTINGTON #1 in Regional Bank Mobile App Customer Satisfaction 5 Years in a Row(2) 2023 Fourth Quarter Investor Presentation | 8 Huntington#9Well Positioned to Thrive and Manage Through the Dynamic Environment Adj. CET1(1) HBAN 8.0% Expanding adjusted CET1 through YE24 Top Quartile Capital Peers (20) 6.9% 8.0% Adj. CET1 Top Quartile vs peers Optimizing balance sheet to generate the highest returns Deposit Growth since 4Q21(2) 70% Insured Sustained HBAN 4.1% Deposit Growth -6.7% Peers (3Q) Uninsured Deposit Coverage (4) Robust HBAN 204% Liquidity Peers (20) 95% Deposits #1 Ranking (banks >$100B(3)) Acquiring and deepening primary bank relationships Leveraging award-winning customer satisfaction and mobile app 131% LCR Compliant with unmodified Liquidity Coverage Ratio (LCR) Managed to a best-in-class liquidity position for coverage of uninsured deposits ACL %(4) Strong HBAN 1.96% Credit Peers (3Q) 1.56% 0.14% NCO Top quartile vs peers 4Q21 to 3Q23(5) Distinguished Franchise See reconciliation on slide 58 (CET1) See notes on slide 60 #1 Customer Satisfaction JD Power (6) Disciplined customer selection and underwriting supports strong credit quality #1 Mobile App JD Power (6) #1 SBA Lender Nationally 6 years in a row(7) Best Brand & Excellence Greenwich Awards (8) 2023 Fourth Quarter Investor Presentation 9 Huntington#10Execution Driving Financial Outperformance Versus Peers % Insured Deposits Peers at 2Q23 (1) Huntington CET1 + ACL 3Q23(1) NCO Since 4Q21(1) Adjusted ROTCE ex AOCI 3Q23(1) 70% Peer 6 Peer 7 Peer 1 Huntington 11.8% Peer 10 Top Quartile Peer 5 Peer 7 Huntington 0.14% Peer 5 Peer 3 Huntington 15.3% Peer 10 Peer 9 Peer 8 Peer 1 Peer 6 Peer 1 Peer 6 Peer 4 Peer 2 Peer 3 Peer 4 Peer 6 Peer 8 Peer 10 Peer 5 Peer 7 Peer 9 Peer 5 Peer 9 Peer 2 Peer 4 Peer 4 Peer 1 Peer 10 Peer 7 Peer 2 Peer 2 Peer 9 Peer 3 Peer 8 Peer 3 Peer 8 See notes on slide 60 2023 Fourth Quarter Investor Presentation | 10 Huntington#11Segment Overview Huntington Welcome:#12Commercial Bank | Serving the Needs of Businesses and Institutions Across the Nation $62B Deposits $68B Loans $1.0B ...With Significant Scale and Reach Net Income (1) Proven Commercial Optimization and Growth... Where We Were (2010) • Community bank, regionally focused on the Midwest • Small, regional balance sheet Heavy real estate concentration • Smaller end middle market Where We Are (2023) • Super regional bank with broad product set and capabilities • Balance sheet 4x larger and more diversified • Delivering expertise and advice • Strength in capital markets and treasury management • Specialty and asset finance scale Deep primary bank relationships Recent Awards and Recognition (1) Total Commercial Bank Net Income from 1Q23-3Q23 HBAN CML Relationships Greenwich Awards: Best Brand Trust, Ease of Doing Business, Value Long-Term Relationships, Likelihood to Recommend Treasury Management Overall Satisfaction, Customer Service, Ease of Doing Business The M&A Atlas Awards(2); 2022 IB Firm of the Year M&A Today: IB Firm of the Year (2) For M&A Atlas Awards visit: https://globalmanetwork.com/prestigious/atlas-awards-list/ 2023 Fourth Quarter Investor Presentation 12 Huntington#13Achieving Scale Across Diverse Set of Commercial Solutions Middle Market Capital Markets Focused on High Growth, High Return Businesses Returns Commercial Real Estate Commercial Banking Corporate and Specialty Banking High Asset Finance Treasury Management 聞 Specialty Banking Verticals Mid- Corporate Healthcare Tech and Telecom Low Funds Franchise Finance Low CRE Treasury Capital Management Markets Middle Market Asset Finance Corporate and Specialty Banking High Growth 2023 Fourth Quarter Investor Presentation | 13 Huntington#14Capital Markets: Executing Through Volatile Environment Capital Markets Fees Balanced Revenue Mix (1) $ in millions $151 $123 $125 $108 $90 $252 $248 Advisory / M&A 34% 2017 2018 2019 2020 2021 2022 LTM Customer Risk Management 31% Debt & Equity Sales & Trading 16% Capital Markets 19% Capital Markets Timeline 2016-2018 • Private Placement • ⚫ Jr. Capital • Established Huntington Capital Markets (HCM) brand ⚫Equity Capital Markets / Corporate Services • HSE acquisition • 2019-2021 RW Baird REIT Investment Banking Strategic Alliance ⚫ Mortgage Trading (TBA) expansion ⚫ JLL Real Estate Capital correspondent relationship . • Liquidity portal . Corporate Finance / Capital Structure Advisory 2022 2023+ • Capstone acquisition • Lead with advice • Cultivate relationships ⚫ Deliver Capstone synergies • Capture mid-market opportunity at scale Target Goal 2x • Expand platform and capabilities revenue by 2027 Increasing Capabilities, Technology, and Expertise to Drive Fee Growth See notes on slide 60 2023 Fourth Quarter Investor Presentation 14 Huntington#15Consumer & Regional Banking $107B $66B Deposits Consumer & Business Loans $1.2B Fee Revenue (1) $27B AUM Leading Midwest Consumer and National Specialty Franchises BRANCHES 1-5 Recent Awards and Recognition JD Power Multi-Year Winner (3) Mobile App Satisfaction Overall Customer Satisfaction Balances as of 3Q23 (EOP) (1) Total CRB Fee Revenue from 4Q22-3Q23 (2) Logged into online or mobile application at least once over the last 90-days (3) For J.D. Power 2023 award information, visit jdpower.com/awards 6-15 16-30 31-70 ...With Established Scale and Scope #1 Branch Share in Ohio and Michigan 17% Growth in Wealth Advisory Relationships YoY 3.2M Consumer Checking Households 4.3M Consumer Deposit Customers 1,001 Branches in 11 States 74% Digital Adoption (2) 379K Business Checking Households $2.1B National Practice Finance Committed Loans SBA LENDER IN THE NATION IN NUMBER OF 7(a) LOANSS History of Innovation Standby Cash Early Pay $50 Safety Zone™ 24-Hour Grace Asterisk- Free CheckingⓇ 2023 Fourth Quarter Investor Presentation | 15 Huntington#16Growing Primary Relationships Supports Core Deposit Base Culture of product innovation with a proven track record and a leading brand that consumers trust Strong Acquisition Growth through Product Innovation Primary Relationships Earned through Customer Focus Huntington "Fair Play Banking" and Past Innovations 3.2M 1.1M Checking Households Asterisk-Free Checking 1.1M Checking Households 3x Early Pay Checking Households 1 2 3.2M Standby 3 Cash 4 $50 Safety Zone" The Hub 2.2M 2010 Note: For J.D. Power 2023 award information, visit jdpower.com/awards For Greenwich Awards, visit greenwich.com/document-type/greenwich-awards 2011 24-Hour Grace 2012 2013 2014 Deposit All Day 2015 Huntington Heads Up Money Scout 2016 2017 2018 2019 2020 2021 2022 2023 #1 Overall Customer Satisfaction 2023 and 7 of last 11 years - JD Power #1 Mobile App 5 Years in a Row 2019, 2020, 2021, 2022 and 2023 - JD Power #1 Dealer Satisfaction Regional Banks, Prime Credit - 2022, JD Power Greenwich Excellence & Best Brand Awards 11 middle market awards including Excellence Award for Overall Satisfaction & Best Brand - Trust, 2022 J.D.POWER ID POWER J.D.POWER Greenwich Excellence 2022 Greenwich Best Brand 2022 2023 Fourth Quarter Investor Presentation | 16 Huntington#17Growing Our Local Advantage through an Enhanced Regional Banking Model 2023 Regional Banking Enhancements Regional P&L accountability Eliminated dotted lines, bankers report to their region Regional President Strong alignment with Commercial middle market Raised segmentation to $2M-$50M (lower middle market) Aligned leadership across all lines of business Aligned goals & incentives for key referral partnerships Controlled regional credit & pricing authorities National Specialty Coverage Note: BDO - Business Development Office Regional Banking National Accounts Local BDOS Limited Coverage Regional Banking Model brings localized delivery and service differentiation, building on Strong Local Advantage in existing geographies Reorganization is more cost efficient and better aligns customer facing colleagues to revenue synergies from existing interactions Regional model has been recently applied to acquired growth markets that present short term upside Leverages National Franchise Businesses (SBA, Practice Finance, Consumer Finance) and enables optionality to redeploy model in expanded geographies Gives us the right organization to drive scale in business banking, wealth, and insurance to support continued strong fee income growth 2023 Fourth Quarter Investor Presentation | 17 Huntington#18Clear Path to Deliver Sustainable Revenue Growth Illustrative Contribution of Medium-Term Revenue Growth Commercial Banking Vehicle Finance Payments Business Banking Consumer Banking Leverage SBA scale and Grow share of wallet through enhanced capabilities, Build upon leadership position to acquire and deepen primary expertise to grow in- footprint and nationally Expand digital capabilities to deepen and drive primacy offerings and solutions Deploy innovative solutions and deliver simple, frictionless digital customer experiences Wealth Mgmt Increasing penetration through Unified Advisory Deliver superior credit performance through the cycle, utilizing technology and consistent with low-risk track record Grow PowerSports with scaled infrastructure and expertise $7.3B Revenue FY 2022 Scale growth in Specialty Banking & bank relationships Asset Finance Drive fee revenue penetration through capital markets Accelerate digital capabilities driving efficiency and improved experience Capitalize on digital innovation Supported by TCF Revenue Synergies 2023 Fourth Quarter Investor Presentation 18 Huntington#19Financial Update Huntington Welcome:#202023 Third Quarter Financial Performance Key Metrics Highlights EPS ROTCE (ROTCE ex-AOCI) GAAP 15.0% 19.5% 20.0% Adjusted 15.3% Deposit Growth 1.8% QoQ 1.5% YoY (ADB) Loan Growth QoQ (ADB) Credit $0.35 $0.36 GAAP Adjusted (0.5%) 3.3% YOY 0.24% 1.96% GAAP EPS of $0.35; adjusted EPS of $0.36 excluding Notable Items: $0.01 Notable Items from expenses related to staffing efficiencies and corporate real estate consolidations Sustained momentum in core deposit gathering activities and disciplined management of deposit betas Average core deposits increased by $2.4 billion QoQ Total cost of deposit cumulative beta 37% Continued optimization of the balance sheet in order to drive the highest returns and support continued expansion of capital Net interest income expanded QoQ driven by a rising net interest margin, benefited by proactive balance sheet management Proactively managing expenses with incremental actions including consolidating 34 branch locations primarily in 1Q24 (~3% of network), corporate real estate consolidations, and staffing efficiencies Credit quality remains strong with normalization consistent with expectations Performance NCO Ratio ACL Coverage Robust return on capital, contributing to sustained capital accretion See reconciliations on Slide 55 (EPS) and Slide 56 (ROTCE) 2023 Fourth Quarter Investor Presentation | 20 Huntington#21Driving Sustained Profitability Pre-Provision Net Revenue (PPNR) PPNR (GAAP) PPNR (Adjusted for Notable Items) $857 $867 $893 $908 $844 $828 $802 $807 $798 $813 3Q22 4Q22 1Q23 2Q23 3Q23 Notable Items ROTCE (GAAP) Return on Tangible Common Equity % Adj. ROTCE ex AOCI 26.5% 22.2% 22.7% 26.0% 19.9% 20.0% 23.1% 21.9% 19.9% 19.8% 19.5% 18.6% 17.8% 15.8% 15.3% 3Q22 4Q22 1Q23 See reconciliations on slides 55 (PPNR) and 56 (ROTCE) Note: $ in millions unless otherwise noted 2Q23 3Q23 2023 Fourth Quarter Investor Presentation | 21 Huntington#22Loans and Leases | Loan Growth Optimized for Return Commercial Average Loan and Lease Balances +4.4% $67.9 $68.7 $67.5 $66.4 $64.7 3Q22 4Q22 1Q23 2Q23 Consumer Average Loan and Lease Balances 3Q23 +2.0% $53.3 $52.3 $52.5 $52.5 $52.7 3Q22 4Q22 1Q23 2Q23 3Q23 Note: $ in billions unless otherwise noted Highlights vs Linked Quarter Average balances decreased $1.2 billion, or -1.8% QoQ vs Prior Year Average balances increased $2.8 billion, or 4.4% YoY Highlights vs Linked Quarter Average balances increased $0.7 billion, or 1.2% QoQ vs Prior Year Average balances increased $1.0 billion, or 2.0% YoY 2023 Fourth Quarter Investor Presentation | 22 Huntington#23Loans and Leases | Loan Growth Optimized for Return Average Loan and Lease Balances +3.3% $117.0 $118.9 $120.4 $121.3 $120.8 3Q22 4Q22 vs Linked Quarter Highlights Average balances down $0.6 billion, or -0.5%, QoQ driven by lower commercial loan balances due to seasonality and optimization efforts, partially offset by growth in total consumer loans Average commercial balances down $1.2 billion, or -1.8% QoQ Average consumer loan balances increased by $0.7 million, or 1.3% QoQ 1Q23 2Q23 3Q23 vs Prior Year Average Loan Yield $121.3 Average Loan and Lease Balances QoQ ($1.2) CRE -$0.4 Distribution Finance -$0.4 $0.7 $120.8 Resi Mortgage +$0.5 RV/Marine +$0.3 Other Consumer +$0.1 Auto -$0.2 Asset Finance -$0.3 All other, net -$0.2 Auto Floorplan +$0.1 5.51% 2Q23 5.76% Commercial Consumer 3Q23 Note: $ in billions unless otherwise noted Total average balances increased $3.8 billion, or 3.3% YoY Average commercial balances increased $2.8 billion, or 4.3% YoY Average consumer balances increased $1.0 billion, or 2.0% YoY 2023 Fourth Quarter Investor Presentation 23 Huntington#24Loan Yields | Benefitting From Fixed Rate Re-Pricing Loan Portfolio Composition (as of 3Q23) Fixed 31% ARMS 10% Indirect Auto 11% Variable 48% Highlights Balance sheet positioned to benefit from asset sensitivity and higher interest rates Both variable rate and short-term loan portfolios benefited from asset repricing Auto portfolio duration less than 2 years Mortgage-ARM duration 5 years Loan yields expanded by 207 basis points since 4Q21 Loan yields expanded by 25 basis points QoQ Auto loan yields expanded by 34 basis points QoQ Total commercial yields expanded by 29 basis points QoQ Residential mortgage yields expanded by 15 basis points QoQ Total Loan Yield Trend 5.76% Loan Yield 5.51% 5.27% 4.86% Fed Funds 4.28% 3.69% 3.64% 3.77% 5.25% 5.50% 5.00% 4.50% 3.25% 1.75% 0.50% 0.25% 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 2023 Fourth Quarter Investor Presentation | 24 Huntington#25Sustained Deposit Growth +1.5% ADB +1.8% EOP $147.9 $148.0 $148.2 $148.9 $146.0 $146.3 $145.7 $146.1 $145.3 $145.6 0.25% 3Q22 Note: $ in billions unless otherwise noted 0.64% 4Q22 1.13% 1Q23 1.57% 2Q23 ADB EOP Total cost of deposits 1.91% 3Q23 2023 Fourth Quarter Investor Presentation 25 Huntington#26Deposits | Continued Sequential Growth Deposit Balance Trend Highlights End of Period Total $148.0 $148.9: $145.3 Monthly Averages $144.9 $145.1 $146.7 $147.4 $148.2 $148.8 3/31 6/30 9/30 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 vs Linked Quarter Ending total deposits increased $0.9 billion, or 0.6% Core deposit balances represented nearly all net deposit growth since end of 2022 Brokered deposit balances declined QoQ and represent 2.8% of total deposits Core Consumer $81.4 $82.8 $79.3 $78.9 $79.3 $80.0 $80.5 $81.0 $81.6 III Ending core consumer deposits increased $1.4 billion, or 1.7% Core consumer deposits have increased for 10 consecutive months Core consumer average deposits increased $1.6 billion, or 2.0%, QoQ 3/31 6/30 9/30 Apr-23 May-23 Jun-23 Core Commercial Jul-23 Aug-23 Sep-23 $61.1 $61.5 $61.4 $61.3 $61.0 $61.6 $61.7 $62.1 $62.4 Ending core commercial deposits relatively stable Core commercial average deposits up $0.8 billion, or 1.2%, QoQ 3/31 6/30 9/30 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Note: $ in billions unless otherwise noted 2023 Fourth Quarter Investor Presentation | 26 Huntington#27Non-Interest Bearing (NIB) Deposit Mix Total Deposits - Ending Balances Pre-TCF Acquisition $143 $142 $143 $147 $145 $146 $148 $145 $148 $149 Total Deposits $94 $95 $99 $102 $82 $81 $82 $82 $87 Interest Bearing 29.4% 28.9% 28.9% 30.6% 31.7% 31.4% 30.2% 29.8% 29.0% 27.9% 25.9% 25.3% 22.5% 21.3% Non-Interest Bearing 24.4% 24.0% 24.9% 24.6% 24.2% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21:2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 NIB Deposits by Business Line - Average Balances (1) 32% Commercial Average Size $411k Percent with TM Relationship 93% 34% Business Banking $25k 84% 34% Consumer 3Q23 Note: $ in billions unless otherwise noted See notes on slide 60 $3k 2023 Fourth Quarter Investor Presentation | 27 Huntington#28High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits(1) Diversification by Business Lines.. Banks at 2Q23 HBAN Bank 1 BAC 70% Consumer 63% 63% Bank 2 60% 51% 25% Commercial Bank 3 59% C 59% Bank 4 59% 13% 4% 6% Bank 5 58% Other Business Banking 1% Bank 6 58% Vehicle Wealth Bank 7 57% Finance Bank 8 57% Bank 9 54% Bank 10 52% FRC 52% ..with Low Average Balances Consumer WFC Bank 11 50% $11k per account 50% JPM 42% Business Banking $39k per account SIVB 12% Commercial $3.7M per relationship SBNY 11% See notes on slide 60 2023 Fourth Quarter Investor Presentation | 28 Huntington#29Cumulative Deposit Growth Above Peers HBAN Cumulative Growth Rate of Average Deposits since 4Q21 Peer Median (1) Top / Bottom Quartile (1) 4.1% 2.6% 2.4% 2.7% 1.9% 2.3% 0.4% 0.2% -1.4% -4.5% -3.9% -5.0% -6.0% 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 Consistently Grown Deposits Despite More Challenging Industry Environment See notes on slide 60 -6.7% 2023 Fourth Quarter Investor Presentation 29 Huntington#30Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity Management Solutions Commercial Off B/S Overview 2019: Enhanced off B/S liquidity solutions for commercial customers Provides customers with access to incremental solutions, including treasuries, money market, and bond funds Maintains full relationship with sophisticated deposit customers Better manage higher beta and more unpredictable/large deposit flows (i.e., non-operational) Total Commercial Banking Segment Liquidity (Average) Annually YOY $55.1 $56.9 $58.1 $60.0 $52.2 Total +15% $46.5 $44.9 $45.9 $48.3 $34.3 $35.6 $38.3 $40.4 $16.3 $18.8 $20.6 $22.3 $23.3 $14.4 $13.7 $13.4 $13.9 Off B/S +43% $13.9 $12.7 $14.0 $13.4 $32.1 $31.2 $32.5 $34.4 $35.9 $36.3 $36.3 $35.8 $36.7 $20.9 $22.9 $24.3 $26.5 On B/S +2% 2019 2020 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 On Balance Sheet Deposits Off Balance Sheet Liquidity Solutions Commercial Banking Segment Customer Deposits / Liquidity (EOP) Maintains on balance sheet deposits focused on core operating accounts Leveraged liquidity solutions over past two years to manage excess customer liquidity off balance sheet to protect from surge deposit run-off Ending 3/31/23 6/30/23 9/30/23 On B/S $34.7 $36.5 $36.0 Off B/S $21.7 $22.1 $25.8 Total $56.4 $58.6 $61.8 Note: $ in billions unless otherwise noted 2023 Fourth Quarter Investor Presentation | 30 Huntington#31Diversified Sources of Liquidity Robust Level of Available Liquidity (1) $ in billions $88 $91 $11 $11 Cash $61 $10 $77 $80 $51 Contingent Borrowing Capacity (FHLB & FRB) Highlights Peer leading available liquidity as a percent of uninsured deposits highlighting the proactive approach to liquidity risk management and strength of our granular deposit base As of 9/30, cash and available liquidity total of $91 billion Additional sources of liquidity include $5.2 billion of unpledged securities (market value) at 9/30 3/31 6/30 9/30 204% Cash + Borrowing Capacity as a % of Uninsured Deposits (2) Peer Median: 95% Peers at 2Q23 122% 114% 114% 107% 100% 89% 81% 70% 67% 62% HBAN Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 See notes on slide 60 2023 Fourth Quarter Investor Presentation | 31 Huntington#32Net Interest Income | Driving Growth Over Time Net Interest Income (FTE) (1) ■Net Interest Income, ex PAA and PPP Purchase Accounting Accretion (PAA) & Paycheck Protection Program (PPP) 8.7% CAGR (3Q21-3Q23) $1,412 $1,471 $1,418 $1,357 $1,379 $1,267 $20 $12 $10 $8 $6 $1,167 $1,138 $1,154 $23 $82 $53 $36 $1,392 $1,459 $1,408 $1,244 $1,349 $1,373 $1,085 $1,085 $1,119 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 Net Interest Margin % (NIM) NIM Rollforward NIM Adjusted NIM 2Q23 NIM 3.11% 3.52% Spread, net of free funds 3.42% 3.40% Higher earning asset yields offset by higher funding costs 0.04% 3.15% 3.20% 3.49% 3.11% 2.91% 2.85% 2.88% 3.38% 3.38% Lower Fed Cash 3.11% 3.09% 3.19% Average Fed Cash $11.1bln 2Q23 vs $9.3bln 3Q23 0.03% 2.82% 2.79% 2.83% FHLB Stock Dividends Higher stock dividends QoQ 0.02% 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 3Q23 NIM 3.20% Note: $ in millions unless otherwise noted See reconciliation on slide 58 (NIM); See notes on slide 61 2023 Fourth Quarter Investor Presentation | 32 Huntington#33Deposit Costs | Continued Disciplined Execution Deposit Cost vs Fed Funds Target Rate ( 3Q15-2Q19 Tightening Fed Cycle (+225) ( 2Q19-4Q21 Easing Fed Cycle (-225) } { 2.00 2.25 2.50 2.50 0.75 1.00 1.25 1.50 1.75 2.00 1.75 0.25 Current Cycle } 5.00 5.25 5.50 4.50 3.25 1.75 0.50 1.91 1.57 1.13 0.20 0.13 0.07 0.04 0.04 0.03 0.03 0.03 0.07 0.25 0.64 HBAN Cost of Total Deposits 3Q20 4Q20 1Q21 2Q21 3Q21 0.25 0.15 0.150.10.17 0.16 0.16 0.16 0.18 0.22 0.26 0.27 0.31 0.44 0.55 0.64 0.70 0.73 0.75 0.06 0.51 1Q15 0.15 2Q15 3Q15 4Q15 1Q16 2Q16 2Q20 3Q16 4Q16 1017 2Q17 3Q17 4Q17 1Q18 Fed Funds Target Rate 2Q18 3Q18 Deposit Beta (Total Cost of Deposits) 4Q18 R1Q19 2Q19 3Q19 4Q19 1Q20 4Q21 1Q22 zzoz 3Q22 4Q22 1Q23 2Q23 3Q23 37.0% 3Q23 32.0% 25.0% +5 pp 17.0% +7 pp 11.0% +8 pp 6.0% +6 pp +5 pp 2Q22 3Q22 4Q22 1Q23 2Q23 Cycle-to-date deposit betas trending in line with expectations 2023 Fourth Quarter Investor Presentation | 33 Huntington#34Balance Sheet Management Strategy Hedging Program Overview Weighted Program Notional ($) Avg Rate WAL (Years) (%) Capital Protection: Designed to protect capital against higher rate scenarios PF Swaps $11.7 1.48 3.76 PF Swaptions $15.5 5.03 0.70 NIM Protection: Reduces volatility & supports a narrow corridor of NIM in lower rate scenarios $ in billions $17.5 Total PF Swaps $27.2 2.02 Description 3Q23 Actions Protects capital if rates increase Economic Hedges: 6-month/1-year swaptions on 5-year swaps to protect capital from tail risk from significant rate moves No material actions Added $5.9 billion, out of the money payor swaptions which offered relatively low premium cost vs. potential benefit RF Swaps $18.2 2.85 3.54 Provides down rate NIM protection Floor Spreads $5.0 2.97/ 3.97 2.54 Cost efficient structure to provide down rate NIM protection and reduce near term negative carry Collars $2.0 3.20/ 4.50 0.41 Short term swaptions on 5yr swaps to protect against down rate scenarios Total RF Swaps $25.2 3.09 Hedging Balance Update (EOP) $27.2 $24.1 $22.8 $20.9 $18.2 $5.0 $4.0 $4.8 $2.8 $2.0 $5.0 $5.0 $2.0 $(1.5) $(9.8) $(10.3) $(10.4) $(12.0) $(11.7) $(9.6) $(11.7) $(15.5) 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 Note: $ in billions unless otherwise noted Terminated $2.6 billion No actions; will continue to monitor opportunities for additional hedging Added $2 billion Receive fixed swaps Floor spreads Collars Pay fixed swaps Pay fixed swaptions 2023 Fourth Quarter Investor Presentation | 34 Huntington#35Securities Portfolio Average Securities + Cash (1) Average Securities Cash EOP $54.4 $47.5 $47.3 $4.9 $6.3 $7.7 $49.6 $12.7 $50.8 $52.0 $10.8 $11.1 $11.4 $50.3 $42.6 $41.1 $41.9 $41.7 $40.0 $40.9 $38.9 3Q22 4Q22 1Q23 2Q23 3Q23 6/30 9/30 Sec+ Cash % Assets (ADB) 26% 26% 27% 29% 27% Sec Yields % 2.74% 3.26% 3.56% 3.82% 4.15% Securities Portfolio Composition (3Q23) ABS Corporates 1% Other 2% 5% Munis 9% Note: $ in billions unless otherwise noted See notes on slide 61 Highlights Securities duration 4.5 years; net of hedging 3.6 years Strategically lowered portfolio duration since 2021 Securities yields increased 33 bps QoQ Cash flows from securities portfolio in 3Q23 remained in cash 42% of portfolio classified as HTM to protect capital AFS portfolio hedged with pay fixed swaps; reduces duration risk and protects OCI / capital and liquidity Components of Fair Value (FV) Mark Securities (cost) Unrealized gain/(loss) Hedge FV (unallocated) Net Impact AFS $26.3 ($4.4) $0.9 ($3.5) UST and Agency Debt 3Q23 HTM $16.1 ($2.8) ($2.8) 83% Total $42.4 ($7.2) $0.9 ($6.3) Excludes Other Securities; pre-tax 2023 Fourth Quarter Investor Presentation | 35 Huntington#36Noninterest Income | Diversified Fee Revenues Noninterest Income Noninterest Income Notable Items MTM-PF Swaptions excl. Notable Items & MTM PF Swaptions $498 $499 $512 $495 $509 $57 $18 $33 $498 $499 $455 $477 $476 3Q22 4Q22 1Q23 2Q23 3Q23 Noninterest Income vs. Prior Year vs Linked Quarter Highlights Noninterest income increased $14 million QoQ driven by positive MTM on PF swaptions as well as higher deposit service charges including TM fees, offset by lower capital markets fees Excluding the MTM on PF swaptions, adjusted noninterest income was relatively stable QoQ vs Prior Year Noninterest income increased $11 million driven by positive MTM on PF swaptions, higher card and payments, BOLI, and deposit service charges, offset by lower capital markets revenue and gain on sale Noninterest Income by Category $498 $7 $5 $4 $3 $2 $1 $33 $509 $498 $495 $509 $476 ($7) ($13) ($24) $33 MTM-PF Swaptions $18 $73 $57 $49 Capital Markets $60 $68 $62 Trust & Investments $96 $102 $103 Card & Payments $46 $44 $49 DSC-Commercial (incl. TM) $47 $43 $48 DSC Consumer $26 $33 $27 Mortgage 3Q23 $150 $130 $138 All Other and GOS 3Q22 2Q23 3Q23 Note: $ in millions unless otherwise noted 2023 Fourth Quarter Investor Presentation | 36 Huntington#37Strategic Fee Focus Areas | Continued Momentum in Fees Capital Markets Payments Capital Markets Fees Balanced Revenue Mix (1) Building incremental product capabilities Bolstered by Capstone to drive synergies in the core business Challenging operating environment in 2023; remain focused on driving long-term opportunities 19% CAGR Advisory / M&A 34% Sustained spend growth and deepening Leveraging strength and scale of top tier debit franchise Continued increasing TM penetration Executing strategy to deepen penetration of advisory services within our customer base Wealth Focused on gathering AUM to drive recurring revenue See notes on slide 61 Customer Risk Management 31% 2017 LTM Sales & Trading 16% Debt & Equity Capital Markets 19% Treasury Management Fees (2) Card Spend (Debit + Credit) 8% YoY 6% YoY 3Q22 3Q23 3Q22 3Q23 Household Growth (Advisory Relationships) Assets Under Management 3Q22 17% YoY 3Q23 3Q22 16% YoY 2023 Fourth Quarter Investor Presentation | 37 3Q23 Huntington#38Noninterest Expense | Disciplined Expense Management. Noninterest Expense (NIE) vs Linked Quarter $1,053 $10 $1,077 $1,086 $1,050 $1,090 $15 $42 $15 $1,043 $1,062 $1,044 $1,050 $1,075 3Q22 4Q22 1Q23 INIE excluding Notable Items 2Q23 Notable Items 3Q23 Quarterly Noninterest Expense ex Notable Items Highlights Reported NIE increased $40 million QoQ $15 million of Notable Items includes expenses related to staffing efficiencies and corporate real estate consolidation Adjusted NIE increased $25 million QoQ, driven by personnel, occupancy, professional services, and all other smaller variances Occupancy expense includes $3 million of branch consolidation expense related to 34 branches closing in 1Q24, ~3% of network vs Linked Year Reported NIE increased $37 million YoY; adjusted for Notable Items, adjusted expenses increased by $32 million, or 3.1% YoY Efficiency Ratio HBAN HBAN Adjusted $12 $1,075 $6 $6 $1,050 $1 Includes branch consolidation expense ($3) Peer Median Adjusted (1) 60.6% 57.7% 58.1% 55.2% 54.5% 57.0% 55.6% 55.9% 55.9% 56.3% 55.1% 54.4% 53.2% 53.9% 54.0% 2Q23 Personnel Occupancy Professional Services All Other 3Q23 3Q22 4Q22 1Q23 2Q23 3Q23 Note: $ in millions unless otherwise noted 2023 Fourth Quarter Investor Presentation 38 Huntington See reconciliations on slide 57 (Noninterest Expense, Efficiency Ratio); See notes on slide 61#39Strategic Expense Initiatives Will Drive Efficiency 1H23 Actions Operation Accelerate ✓ Simplifying customer journeys ✓ Improve ease of transacting Branch Optimization ✓ Consolidated 31 locations in 1Q23 Expanding in high opportunity markets Voluntary Retirement Program Focused on middle & senior level roles ✓ Offering opened late January Organizational Realignment ✓ Consolidation of operating segments Supports focus on the customer and drives efficiencies 2H23 Actions Branch Consolidations ✓ Consolidating 34 locations primarily in 1Q24 Staffing Efficiencies Business Process Offshoring Corporate Real Estate Consolidation Continuous Expense Improvement Supports Re-Investment into Critical Enterprise Strategies to Drive Long Term Value 2023 Fourth Quarter Investor Presentation 39 Huntington#40Capital Positioning | Building Over the Year Common Equity Tier 1 (CET1) Ratio Target operating range 9 - 10% 10.10% 9.82% 9.55% 9.36% 9.27% 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 CET1 Ratio (Reported and Adjusted) CET1 (Reported) AOCI Adjustment CET1 Adjusted (1) Highlights Strong Capital Position CET1 continues to grow on a reported basis (+28 bps QoQ) Inclusive of AOCI, CET1 declined QoQ (-12 bps) driven by movement of rates Capital Priorities include: 1. Fund Organic Growth 2. Dividend 3. Buybacks/other Expect to deploy capital to fund organic growth and further increase adjusted CET1 Share repurchase not expected through 2023 and 2024 Tangible Common Equity -TCE Ratio Adjusted TCE Ratio, ex AOCI 7.70% 10.10% 9.55% 9.82% 7.45% 7.21% 7.30% 7.27% 1.63% 1.70% 2.10% 7.92% 8.12% 8.00% 5.77% 5.80% 5.55% 5.70% 5.32% 1Q23 2Q23 See reconciliations on slide 58 (CET1) and 59 (TCE) See notes on slide 61 3Q23 3Q22 4Q22 1Q23 2Q23 3Q23 2023 Fourth Quarter Investor Presentation | 40 Huntington#41CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL) Peer at 3Q23 12.3% 11.8% 11.7% 11.7% 11.6% 11.3% 11.3% 11.3% 1.4% 11.1% 11.0% 11.0% CET1 + ACL 0.9% 1.7% 1.3% 1.3% 1.1% 1.7% 1.5% 1.3% 1.2% 1.2% ACL Impact 10.9% 10.8% 10.1% 10.4% 10.3% 10.2% 9.7% 9.8% 9.8% 9.9% 9.8% CET1 Reported Peer 1 HBAN 3Q23 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 See reconciliation on slide 58 (CET1) See notes on slide 61 Top Tier Total Loss Absorbing Capability Versus Peers 2023 Fourth Quarter Investor Presentation | 41 Huntington#42Tangible Book value (TBV) per Share Tangible Book Value per Share -TBVPS Adjusted TBVPS, ex AOCI $9.23 $8.96 $8.67 $9.63 $9.40 $7.32 $7.33 $7.12 $6.82 $6.40 3Q22 4Q22 1Q23 2Q23 3Q23 See reconciliation on Slide 59 (TBV per Share) 2023 Fourth Quarter Investor Presentation | 42 Huntington#43Asset Quality and Reserve | Top Tier Reserve Profile Net Charge-off Ratio Through the Cycle Target NCO Range (25 - 45 bps) Allowance for Credit Losses (ACL) 2.17% 2.09% 2.01% HBAN Peer Median 1.89% 1.87% 1.87% 1.89% 1.90% 1.90% 1.93% 1.96% 1.70% 0.32% -2.00% 0.28% 0.24% 1.80% 0.20% 0.17% 0.19% 1.69% 0.15% 0.16% 0.12% 1.60% 1.56% 1.51% 0.07% 0.03% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 1.44% 1.44% 1.45% 1.48% 1.52% 1.56% CECL 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 Day 1 NPA Ratio 0.91% 0.82% 0.68% 0.67% 0.63% 0.59% 0.53% 0.50% 0.48% 0.46% 0.52% Criticized Asset Ratio 4.34% 4.48% 4.62% 4.31% 3.97% 3.97% 4.07% 3.58% 3.44% 3.51% 3.50% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 See notes on Slide 61 2023 Fourth Quarter Investor Presentation | 43 Huntington#44Commercial Real Estate (CRE) Overview Peer 1 CRE Loans as % of Total Loans (1) Peer Median: 15% 9% Peers at 3Q23 Peer 2 9% HBAN 10% Peer 3 11% Peer 4 14% Peer 5 14% Portfolio Characteristics Well diversified portfolio with rigorous customer selection CRE reserve coverage 3.8% vs peer median of 2% (2) (2Q23) Office reserve coverage of >9% Office portfolio at 1.6% of total loans, and predominately suburban and multi-tenant _ CRE Office maturities (% by year): Peer 6 16% Peer 7 20% 11% 20% 16% 21% 10% 22% Peer 8 23% $1.9 billion FY23 FY24 FY25 FY26 Peer 9 Peer 10 33% (4Q) FY27 FY28 and Beyond 34% All Other 89.5% Loan Portfolio Composition See notes on Slide 61 CRE Diversification by Property Type (3Q23) Property Type ($ in billions) % of Total Loans Multifamily $4.6 3.8% Industrial 2.1 1.7% Office 1.9 1.6% Retail 1.8 1.5% Hotel 1.1 0.9% CRE 10.5% Other 1.2 1.0% Total CRE $12.7 10.5% 2023 Fourth Quarter Investor Presentation 44 Huntington#45Minimal Exposure to Leveraged Lending All Other 97.5% Loan Portfolio Composition Leveraged 2.5% Industry Classification of Outstandings Professional, Scientific, and Technical Other 10% 5% Information 5% Manufacturing 39% Highlights $3.1 billion, or 2.5% of total loan balances, with a defined portfolio concentration limit HNB leveraged defined as: Senior leverage 3.0x, total leverage 4.0x The portfolio is built around our relationship strategy with a limited sponsor calling component Underwritten and stress tested for performance in higher rate scenarios 73% of leveraged portfolio are classified as SNC's Retail Trade 6% Real Estate 8% 8% 9% 10% Wholesale Trade Administrative Accommodation and Food Services 2023 Fourth Quarter Investor Presentation | 45 Huntington#46Auto - Proven Track Record of Strategic Growth Optimize through the Cycle Know when to pull and press on production to maximize returns Indirect Auto Production ($B) and New Origination Yield $1.9 $1.7 $1.6 $1.6 $1.6 $1.6 $1.5 $1.4 $1.4 $1.4 $1.4 $1.4 $1.3 $1.2 $1.2 $1.9 $1.8 $1.8 $1.8 $1.7 7.1% 6.9% 6.3% $1.4 5.9% $1.5 $1.4 $1.2 $1.1 4.2% 4.2% 3.9% 4.6% 4.6% 4.7% 4.6% 3.8% 4.8% 3.7% 3.7% 3.7% 3.6% 3.5% 3.5% 3.3% 3.2% 3.1% 3.0% 3.0% 2.8% 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2017 2018 2019 Onset of 2020 2021 2022 2023 Pandemic Optimized for profitability/yield Optimized for production growth New Origination Yield Scale and Expertise to Continuously Drive Shareholder Value 2023 Fourth Quarter Investor Presentation | 46 Huntington#47Auto - Strong Credit Performance Through the Cycle Auto % of Total Loans $11.0 $12.2 $12.5 $12.9 $12.9 $13.6 $13.4 $13.2 $13.2 $12.8 $12.7 Auto Loans and % $8.7 $9.5 of Total Loans (EOP)($B) $6.7 15.6% 18.3% 18.8% 17.5% 16.4% 16.7% 17.1% 15.8% 12.1% 11.4% 11.0% 10.9% 10.6% 10.5% Key Highlights of Credit Strength Strong Credit Quality Industry knowledge and focus on rigorous customer selection drives outperformance of NCOs Auto loans as a percent of total loans decreased to 10.5% as of 3Q23 Average FICO and Custom Score 2013 2014 2015 2016 2017 2018 2019 2020 2021 3Q22 4Q22 1Q23 2Q23 3Q23 Avg FICO Avg Custom Score 781 777 778 775 776 772 772 764 764 765 767 766 760 395 397 396 396 409 409 410 411 411 412 413 409 412 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 2Q23 3Q23 HBAN Peer Median 77 68 54 56 44 NCOs vs Peer Group (bps)1 30 32 36 17 20 27 14 36 18 23 24 30 27 26 26 14 -5 5 10 14 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 2Q23 3Q23 Deep Industry Expertise 75+ years of experience; consistent underwriting strategy Robust Customer Selection Super-prime with average FICO of 778 Proprietary custom scorecard enhances predictive modeling Extensive Industry Knowledge with Emphasis on Super-Prime Consumers (1) Peers: CFG, FITB, PNC, TFC, USB (Proxy peers with > $10 billion in auto loans) 2023 Fourth Quarter Investor Presentation | 47 Huntington#48Medium-Term Financial Targets PPNR Growth 6-9% ROTCE 20%+ Positive Operating Leverage ROTCE ex-AOCI 17% -19% Adjusted CET1 Ratio: 9 - 10% Operating Assumptions Net Charge-offs: 25 - 45 bps through the cycle Tax Rate: 19 - 21% 2023 Fourth Quarter Investor Presentation | 48 Huntington#494Q23 Outlook Average Loans 3Q23 Baseline = $120.8 billion Average Deposits 3Q23 Baseline = $148.2 billion 4Q23 vs. 3Q23 Guidance As of 10/20/23 Up ~1% Up ~1% Net Interest Income (ex-PPP, ex-PAA) Non-GAAP 3Q23 Baseline = $1.373 billion Down 4%-5% Noninterest Income (ex-Notable Items and MTM PF Swaptions) Non-GAAP 3Q23 Baseline = $476 million Expense (ex-Notable Items) Non-GAAP 3Q23 Baseline = $1.075 billion ~Flat Up 4% -5% Commentary Managing balance sheet to support capital accretion and highest return loan growth Acquiring and deepening primary bank relationships Driven by a modest margin decline in 4Q23 followed by stable to expanding in 2024 Continued execution on core strategic focus areas with sequential increase in capital markets Primarily revenue-related expenses, seasonal medical claims, and sustained investment in strategic initiatives Net Charge-offs Other Assumptions Full Year 2023: 20 - 30 bps Continued normalization of net charge-offs Assumes consensus economic outlook, and a range of interest rate scenarios See reconciliations on slides 32 (Net Interest Income), 36 (Noninterest Income) and 38 (Expenses); The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the appendix 2023 Fourth Quarter Investor Presentation | 49 Huntington#502024 Management Priorities ◆ Driving continued capital expansion and optimizing asset growth for the highest return opportunities ◆ Sustaining deposit momentum with continued focus on acquiring and deepening primary bank customer relationships, delivering disciplined management of deposit betas Continuing to position for modest asset sensitivity in order to support net interest margin expansion and net interest income growth in a higher for longer rate scenario Maintaining focus on key strategic areas for fee revenue growth in 2024 including capital markets, payments, and wealth management Proactively managing expenses to drive efficiencies in the run-the-bank baseline while allowing for continued investments into new and enhanced capabilities to benefit long-term performance Rigorously managing credit across the portfolio to maintain strong credit performance consistent with our moderate-to-low risk appetite through the cycle, supported by top tier reserves Remaining well-positioned to respond to and capitalize on an evolving environment 2023 Fourth Quarter Investor Presentation 50 Huntington#51Appendix Huntington Welcome:#52Basis 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, 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.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. Earnings per Share Equivalent Data Notable income or expense items may be expressed on a per common share basis. This is done for analytical and decision-making purposes to better discern underlying trends in total corporate earnings per share performance excluding the impact of such items. Investors may also find this information helpful in their evaluation of our financial performance against published earnings per share mean estimate amounts, which typically exclude the impact of Notable Items. Earnings per share equivalents are usually calculated by applying an effective tax rate to a pre-tax amount to derive an after-tax amount, which is divided by the average shares outstanding during the respective reporting period. Occasionally, when the item involves special tax treatment, the after-tax amount is disclosed separately, with this then being the amount used to calculate the earnings per share equivalent. 2023 Fourth Quarter Investor Presentation | 52 Huntington#53Basis of Presentation Rounding Please note that columns of data 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. 2023 Fourth Quarter Investor Presentation | 53 Huntington#54Impact of Purchase Accounting Purchase Accounting Accretion (PAA) Summary Actuals Projected ($ in millions) 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Loans and Leases $12 $10 $8 $5 $5 $3 $3 $4 $3 Long-term Debt 3 3 3 3 3 3 3 3 3 Deposits Other 0 (2) (1) 0 (2) 0 0 0 Subtotal: Net Interest Income 15 11 10 8 9 6 6 7 Noninterest income 7 7 5 Core Deposit Intangible (Noninterest Expense) (4) (4) (4) (4) (4) (4) (4) (3) Purchase Accounting Pre-tax net impact $18 $14 $11 $4 $2 $2 $3 $3 106 3 (3) $3 Total PAA NIM Impact 4 bp 3 bp 2 bp 2 bp 1 bp Projected purchase accounting accretion represents scheduled accretion, and does not include impact of any accelerated payoffs in future periods 2023 Fourth Quarter Investor Presentation | 54 Huntington#55Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR), Earnings Per Share (EPS) Pre-Provision Net Revenue ($ in millions) 3Q22 4Q22 1Q23 2Q23 3Q23 Total revenue FTE adjustment Total revenue (FTE) $1,902 $1,961 $1,921 $1,841 $1,877 8 9 9 11 11 A 1,910 1,970 1,930 1,852 1,888 Less: gain on sale of business line 57 Less: net gain/(loss) on securities 1 (5) Total Revenue (FTE), excluding net gain/(loss) on B 1,910 1,970 1,872 1,857 1,888 securities and notable items Noninterest expense C 1,053 1,077 1,086 1,050 1,090 Less: Notable Items, pre-tax 10 15 42 15 Noninterest expense, excluding Notable Items D 1,043 1,062 1,044 1,050 1,075 Pre-provision net revenue (PPNR) (A-C) $857 $893 $844 $802 $798 PPNR, adjusted (B-D) $867 $908 $828 $807 $813 EPS ($ in millions, except per share amounts) 3Q23 Earnings Per Share (GAAP), diluted $0.35 Add: Notable Items, after-tax $12 $0.01 Adjusted Earnings Per Share (Non-GAAP) $0.36 2023 Fourth Quarter Investor Presentation 55 Huntington#56Non-GAAP Reconciliation Average tangible common equity, ROTCE ($ in millions) Average common shareholders' equity Less: intangible assets and goodwill Add: net tax effect of intangible assets 3Q22 4Q22 1Q23 2Q23 3Q23 $16,150 $15,292 $15,973 $16,359 $16,256 5,781 5,771 5,759 5,734 5,722 43 42 40 36 34 Average tangible common shareholders' equity (A) $10,413 $9,563 $10,254 $10,661 $10,568 Less: average accumulated other comprehensive income (AOCI) Adjusted average tangible common shareholders' equity (B) (2,013) (3,268) (2,832) (2,800) (3,194) $12,426 $12,831 $13,086 $13,461 $13,762 Net income available to common $565 $617 $573 $519 $510 Add: amortization of intangibles Add: deferred tax 13 13 13 13 12 (3) (3) (3) (3) (2) Adjusted net income available to common 575 627 583 529 520 Adjusted net income available to common (annualized) (C) $2,281 $2,488 $2,364 $2,122 $2,063 Return on average tangible shareholders' equity (C/A) 21.9% 26.0% 23.1% 19.9% 19.5% Return on average tangible shareholders' equity, ex AOCI (C/B) 18.4% 19.4% 18.1% 15.8% 15.0% ($ in millions) 3Q22 4Q22 1Q23 2Q23 3Q23 Adjusted net income available to common (annualized) (C) $2,281 $2,488 $2,364 $2,122 $2,063 Return on average tangible shareholders' equity Add: Notable Items, after tax (D) Adjusted net income available to common (annualized) (E) Adjusted return on average tangible shareholders' equity (E/A) Adjusted return on average tangible shareholders' equity, ex AOCI (E/B) 21.9% 26.0% 23.1% 19.9% 19.5% 8 12 (10) 12 $2,313 $2,536 $2,323 $2,122 $2,111 22.2% 26.5% 22.7% 19.9% 20.0% 18.6% 19.8% 17.8% 15.8% 15.3% 2023 Fourth Quarter Investor Presentation | 56 Huntington#57Non-GAAP Reconciliation Efficiency Ratio, Noninterest Expense Efficiency Ratio ($ in millions) – Pre-tax 3Q22 4Q22 1Q23 2Q23 3Q23 Noninterest expense (GAAP) $1,053 $1,077 $1,086 $1,050 $1,090 Less: intangible amortization 13 13 13 13 12 Noninterest expense less amortization of intangibles (A) $1,040 $1,064 $1,073 $1,037 $1,078 Less: Notable Items, pre-tax 10 15 42 15 Adjusted noninterest expense (Non-GAAP) (B) $1,030 $1,049 $1,031 $1,037 $1,063 Total Revenue (GAAP) $1,902 $1,961 $1,921 $1,841 $1,877 FTE adjustment 8 9 9 11 11 Less: gain/(loss) on securities 1 (5) Less: gain on sale of business line -- 57 FTE revenue less gain/(loss) on securities (C) $1,910 $1,970 $1,872 $1,857 $1,888 Efficiency Ratio (A/C) Adjusted Efficiency Ratio (B/C) 54.4% 54.0% 55.6% 55.9% 57.0% 53.9% 53.2% 55.1% 55.9% 56.3% Noninterest Expense ($ in millions) Noninterest expense (GAAP) Less: Notable Items, pre-tax Adjusted Noninterest expense (Non-GAAP) 3Q22 4Q22 1Q23 2Q23 3Q23 $1,053 $1,077 $1,086 $1,050 $1,090 10 15 42 15 $1,043 $1,062 $1,044 $1,050 $1,075 2023 Fourth Quarter Investor Presentation | 57 Huntington#58Non-GAAP Reconciliation Net Interest Margin, Common Equity Tier 1 (CET1) Net Interest Margin (%) Net Interest Margin (GAAP) Less: Purchase Accounting Accretion Adjusted Net Interest Margin (Non-GAAP) 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 2.91% 2.85% 2.88% 3.15% 3.42% 3.52% 3.40% 3.11% 3.20% (0.09%) (0.06%) (0.05%) (0.04%) (0.04%) (0.03%) (0.02%) (0.02%) (0.01%) 2.82% 2.79% 2.83% 3.11% 3.38% 3.49% 3.38% 3.09% 3.19% CET1 - AOCI Impact ($ in millions) 1Q23 2Q23 3Q23 CET1 - ACL Impact ($ in millions) 2Q23 3Q23 Common Equity Tier 1 (A) $13,588 $13,885 $14,211 Common Equity Tier 1 (A) $13,885 $14,211 Add: accumulated other comprehensive (2,755) (3,006) (3,622) income (loss) (AOCI) Add: allowance for credit losses (ACL) Adjusted Common Equity Tier 1 (B) 2,342 2,368 $16,227 $16,579 Less: cash flow hedge (443) (612) (662) Risk Weighted Assets (C) $141,432 $140,664 Adjusted Common Equity Tier 1 (B) $11,276 $11,491 $11,251 Common Equity Tier 1 ratio (A/C) 9.82% 10.10% Risk Weighted Assets (C) $142,335 $141,432 $140,664 Common Equity Tier 1 ratio (A/C) 9.55% 9.82% 10.10% CET1 Adjusted for ACL ratio (B/C) ACL Impact 11.47% 11.79% 1.65% 1.69% Adjusted CET1 Ratio (B/C) 7.92% 8.12% 8.00% AOCI impact adjusted for cash flow hedges 1.63% 1.70% 2.10% on loan portfolio 2023 Fourth Quarter Investor Presentation | 58 Huntington#59Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 3Q22 4Q22 1Q23 2Q23 Huntington shareholders' equity Less: preferred stock Common shareholders' equity $17,136 $17,731 $18,758 $18,788 3Q23 $18,483 2,167 2,167 2,484 2,484 2,484 $14,969 $15,564 $16,274 $16,304 $15,999 Less: goodwill 5,571 5,571 5,561 5,561 5,561 Less: other intangible assets, net of tax 161 154 142 132 122 Tangible common equity (A) $9,237 $9,839 $10,571 $10,611 $10,316 Less: accumulated other comprehensive income (loss) (3,276) (3,098) (2,755) (3,006) (3,622) Adjusted tangible equity (B) $12,513 $12,937 $13,326 $13,617 $13,938 Total assets Less: goodwill Less: other intangible assets, net of tax Tangible assets (C) Tangible common equity / tangible asset ratio (A/C) Adjusted tangible common equity / tangible asset ratio (B/C) TBV per Share ($ in millions, except per share amounts) Number of common shares outstanding (D) Tangible book value per share (A/D) Adjusted tangible book value per share (B/D) $179,402 $182,906 $189,070 $188,505 $186,650 5,571 5,571 5,561 5,561 5,561 161 154 142 132 122 $173,670 $177,181 $183,367 $182,812 $180,967 5.32% 5.55% 5.77% 5.80% 5.70% 7.21% 7.30% 7.27% 7.45% 7.70% 3Q22 4Q22 1Q23 2Q23 3Q23 1,443 1,443 1,444 1,448 1,448 $6.40 $6.82 $7.32 $7.33 $7.12 $8.67 $8.96 $9.23 $9.40 $9.63 2023 Fourth Quarter Investor Presentation | 59 Huntington#60Notes Slide 6: (1) For J.D. Power 2023 award information, visit jdpower.com/awards (2) By number (units) of 7(a) loans nationally (3) Since 2010 (4) Bank-owned (5) (6) S&P Global market share data as of 6/30/2023 - Peers include: CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION Forbes 2022 America's Best Large Employers - Ranked #7 for Banking and Financial Services (7) 2021 Brand Tracking Market Study Slide 8: (1) 2021 Brand Tracking Market Study. In market bank competitors: BAC, CFG, FITB, JPM, KEY, PNC, USB (2) Slide 9: (1) For J.D. Power 2023 award information, visit jdpower.com/awards AOCI adjustment aligned to the GSIB reporting requirement - adjusted by adding back AOCI less cash flow hedges on loan portfolio; approach applied consistently to HBAN & peers. Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB. (2) Source: S&P Global - Includes CMA, FITB, ZION, KEY, PNC, RF, TFC (excludes CFG, USB, and MTB impacted by mergers) as of 3Q23. HBAN data as of 3Q23. Based on average balances (3) Source: Company's 2023 Q2 Form 10-Q or Bank Call Report depending on data availability | Publicly traded US-based banks with >$100 billion in deposits (excludes BHCs that are classified primarily as card issuers) 20 4507 (4) (5) Source: S&P Global - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB as of 3Q23. HBAN data as of 3Q23 Source: S&P Global - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB through 3Q23.. HBAN data through 3Q23 (6) For J.D. Power 2023 award information, visit jdpower.com/awards (7) By number (units) of 7(a) loans nationally (8) For Greenwich Awards, visit greenwich.com/document-type/greenwich-awards Slide 10: (1) Source: S&P Global Market Intelligence and filings - Peers includes CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION. Data as of 3Q23 based on available data. Slide 14: (1) Includes reported capital markets fees for the last twelve months (LTM) ending September 30, 2023, of $248 million, as well as $27 million of other capital markets related revenues reported in other noninterest income Slide 27: (1) Average size data as of 8/31/2023. Excludes deposits classified as corporate and other Slide 28: (1) Source: Company's 2023 Q2 Form 10-Q or Bank Call Report depending on data availability | Publicly traded US-based banks with >$100 billion in deposits (excludes BHCs that are classified primarily as card issuers) Slide 29: (1) Source: S&P Global Market Intelligence and filings - Peers includes CMA, FITB, KEY, PNC, RF, TFC, ZION excludes (CFG, USB and MTB) impacted by mergers Slide 31: (1) (2) Cash equals cash and cash equivalents. Coverage includes Contingent Capacity at Federal Reserve & FHLB + Cash & Equivalents Source: S&P Global - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB as of 2Q23 2023 Fourth Quarter Investor Presentation | 60 Huntington#61Notes Slide 32: (1) 3Q21-$36M PAA and $46M PPP, 4Q21 - $25M PAA and $29M PPP, 1Q22 - $19M PAA and $17M PPP, 2Q22 - $16M PAA and $7M PPP, 3Q22 - $15M PAA and $5M PPP, 4Q22 - $11M PAA and $1M PPP, 1Q23 - $10M PAA, 2Q23 - $8M PAA, 3Q23 - $6M. Disclosed PPP impact only refers to legacy Huntington PPP. Legacy TCF PPP deferred fees were zeroed out as part of the purchase accounting process, and all TCF PPP loans have a purchase accounting discount that is included in PAA metrics Slide 35: (1) Cash equals cash and cash equivalents Slide 37: (1) (2) Includes reported capital markets fees for the last twelve months (LTM) ending September 30, 2023, of $248 million, as well as $27 million of other capital markets related revenues reported in other noninterest income Treasury Management Fees, gross excluding earnings credit rate Slide 38: (1) Source: S&P Global - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB as of 3Q23 Slide 40: (1) AOCI adjustment aligned to the GSIB reporting requirement - exclusion of AOCI adjusted for cash flow hedges on loan portfolio Slide 41: (1) Source: S&P Global - Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB as of 3Q23 based on available information Slide 43: (1) Source: S&P Global Market Intelligence and filings - Peers includes CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION Slide 44: (1) (2) Source: S&P Global Market Intelligence and filings - Peers includes CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION Source: S&P Global Market Intelligence and filings - Peers includes CFG, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION as of 2Q23 Slide 47: (1) Source: S&P Global Market Intelligence and filings - Peers includes CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION 2023 Fourth Quarter Investor Presentation | 61 Huntington