Revenue: As of FY2026 Q1, the actual value is USD 3.768 B.

EPS: As of FY2026 Q1, the actual value is USD 0.25.

EBIT: As of FY2026 Q1, the actual value is USD -1.25 B.

Overall Financial Performance

Net income attributable to Huntington Bancshares Incorporated Depositary Shs Repr 5.7% ¹⁄₁’000th Non-Cum Red Perp Pfd Shs Series I was $523 million for the first quarter of 2026, a decrease of - $4 million or -1% compared to the year-ago quarter. Net interest income increased by $465 million, or 33%, to $1.9 billion. FTE net interest income (non-GAAP) increased by $469 million, or 33%, to $1.910 billion, driven by a 27% increase in average earning assets and a 14 basis point increase in the FTE net interest margin (NIM) to 3.24%. The provision for credit losses rose by $43 million, or 37%, to $158 million. Noninterest income was $682 million, an increase of $188 million, or 38%, driven by increases across all major categories including capital markets and advisory fees, payments and cash management, customer deposit and loan fees, wealth and asset management revenue, and other noninterest income. Noninterest expense totaled $1.8 billion, an increase of $622 million, or 54%, which included $263 million in acquisition-related expenses. Excluding acquisition-related expenses, noninterest expense increased by $359 million, or 31%, to $1.5 billion. Total assets were $285.4 billion at March 31, 2026, up $60.3 billion (27%), primarily due to acquisitions and organic loan growth. Total liabilities were $252.8 billion, up $52.1 billion (26%). The tangible common equity to tangible assets ratio (non-GAAP) was 7.0%, slightly down from 7.1%. The CET1 risk-based capital ratio was 10.2%, down from 10.4%. Net charge-offs (NCOs) were an annualized 0.26% of average total loans and leases, unchanged from the year-ago quarter. Nonperforming assets (NPAs) totaled $1.4 billion, an increase of $412 million (44%). Total deposits were $223.5 billion, up $46.9 billion (27%), with insured deposits comprising approximately 69%. Wholesale funding totaled $29.8 billion, an increase of $5.4 billion. Cash and cash equivalents increased by $5.7 billion to $19.2 billion. Total investment securities were $50.5 billion, an increase of $9.1 billion. Unused secured borrowing capacity from FRB was $77,666 million and from FHLB was $21,242 million.

Consumer & Regional Banking

Net income was $446 million, an increase of $127 million (40%) from the year-ago period. Net interest income increased by $422 million (45%), primarily due to a 33% increase in average loans and leases and a 44 basis point increase in NIM. Provision for credit losses increased by $73 million. Noninterest income increased by $60 million (18%), driven by acquisitions and higher customer deposit fees, wealth and asset management revenue, and payments/cash management revenue. Total noninterest expense increased by $248 million (30%). Average loans/leases increased by $23,926 million (33%) to $95,969 million. Average deposits increased by $27,583 million (25%) to $138,557 million. Net interest margin was 3.83%, up 0.44%. NCOs were $96 million, up $40 million (71%), representing 0.40% of average loans and leases, up 0.09%. Total assets under management (eop) were $44.0 billion, up $11.3 billion (35%). Total trust assets (eop) were $67.7 billion, down - $111.8 billion (-62%).

Commercial Banking

Net income was $346 million, an increase of $110 million (47%) from the year-ago period. Net interest income increased by $127 million (25%), driven by a 33% increase in average loans and leases and a 33% increase in average deposits. Provision for credit losses decreased by - $30 million (-44%), primarily due to lower net charge-offs and a lower ACL coverage ratio, partially offset by loan and lease growth. Noninterest income increased by $90 million (56%), primarily due to higher capital markets and advisory fees, and increased customer deposit/loan fees and payment/cash management revenue. Total noninterest expense increased by $108 million (36%). Average loans/leases increased by $19,441 million (33%) to $78,029 million. Average deposits increased by $13,908 million (33%) to $56,622 million. Net interest margin was 3.24%, down -0.16% (-5%). NCOs were $15 million, down - $15 million (-50%), representing 0.07% of average loans and leases, down -0.14% (-67%).

Treasury / Other

This segment reported a net loss of - $269 million, compared to a net loss of - $28 million in the year-ago period. Net interest loss increased by - $84 million. Noninterest income increased by $38 million (760%), largely due to the addition of Veritex and Cadence. Total noninterest expense increased by $266 million (887%), largely due to acquisition-related expenses. Benefit for income taxes increased by $71 million, primarily due to an increase in pre-tax loss.

Future Outlook and Strategy

Huntington Bancshares Incorporated Depositary Shs Repr 5.7% ¹⁄₁’000th Non-Cum Red Perp Pfd Shs Series I aims to be a leading People-First, Customer-Centered bank by delivering its Culture, Purpose, and Vision through a Differentiated Operating Model. The company plans to achieve top quartile performance through sustainable long-term profitable growth, emphasizing expanded product offerings, leveraging its regional banking model, and anticipating customer needs. Strategic priorities include maintaining positive operating leverage, disciplined capital management, and ensuring stability through disciplined risk management with a moderate-to-low risk appetite.

Economic and Regulatory Outlook

Economic conditions in the first quarter of 2026 brought uncertainty from global energy constraints and increased market volatility, with labor market conditions softening but remaining stable. The FOMC maintained the federal funds rate and projected one rate cut in 2026, though recession risk indicators remain elevated. Huntington Bancshares Incorporated Depositary Shs Repr 5.7% ¹⁄₁’000th Non-Cum Red Perp Pfd Shs Series I is evaluating proposed rulemakings to modernize the U.S. regulatory capital framework for potential effects.