2023 Fourth Quarter Investor Presentation

Noninterest 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

View entire presentation