Huntington Bancshares (HBAN) investor relations material

Strategic positioning and growth outlook

• Expanded from a Midwest focus in 2015 to a super regional bank with national scale in 21 states, operating in 12 of the top 25 fastest-growing MSAs, and expertise in 17 national specialty commercial verticals.

• Built a comprehensive suite of value-added capabilities, including payments, wealth management, and capital markets, supporting sustained revenue growth and a 14% CAGR in fee businesses since Q2 2024.

• Franchise investments and disciplined partner integrations have resulted in differentiated performance, with organic loan and deposit growth outpacing peers for several years.

• Maintains a vision to be a leading people-first, customer-centered bank, with $284B in assets, $189B in loans, and $222B in deposits as of 6/30/26.

• Sustained investment and early-stage expansion in new markets and businesses are expected to catalyze stronger performance and long-term value creation.

Integration and synergy achievements

• Integrations of Veritex and Cadence banks completed ahead of schedule, achieving or exceeding targeted cost and revenue synergies.

• Cost synergies from Cadence and Veritex acquisitions are ahead of schedule, with $435M run-rate expense synergies by 4Q26 and $70M from Veritex achieved in Q2.

• Revenue synergies now expected to reach over $600M cumulative through 2028, up from the original $500M estimate.

• Expense synergies fully delivered and revenue synergies tracking above $75M for FY26.

• Future earnings growth from these partnerships is expected to provide additional investment capacity.

Financial performance and revised outlook

• Achieved peer-leading organic loan growth (7.6% CAGR) and deposit growth (4.1% CAGR) from 4Q24 to 2Q26, with year-to-date loan growth at 36% and deposit growth at 33% year-over-year.

• Fee income growth accelerated to 32% year-over-year, with noninterest income reaching $2.68B LTM 2Q26.

• Net interest margin (NIM) expansion has been constrained by higher deposit costs and competitive loan pricing, leading to a recalibrated outlook.

• 2027 EPS target revised to $1.75-$1.83, reflecting current pricing dynamics and a wider range of operating outcomes.

• Share repurchase program to be upsized by $200M to $1.3-$1.4B next year due to lower expected loan growth.