Fourth Quarter Investor Presentation

4Q23 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

View entire presentation