HBANM

EX-99.1

2 hban20260930_8kex991.htm

EX-99.1

Document

Exhibit 99.1

Huntington Bancshares Incorporated Reports 2026 Third-Quarter Earnings

Key Q3 Financial DataKey Q3 Highlights

($ in millions, except per share data)3Q262Q263Q25 •EPS of $0.33, unchanged for the quarter

•Adjusted EPS(1), which excludes the impact of Notable Items (as detailed in "Notable Items Influencing Earnings") was $0.38, down $0.01 from the prior quarter

•ROTCE(1) of 14.6% and adjusted ROTCE(1)(2) of 16.6%

•Net interest income increased 1% quarter-over-quarter; NIM of 3.25% was up 4 basis points driven by higher yields on investment securities and modestly lower overall net funding costs

•Noninterest income decreased 8% quarter-over-quarter, largely due to lower capital markets fees and unfavorable equity valuation adjustments

•Noninterest expense, excluding the impact of acquisition-related expenses, remained flat quarter-over-quarter

•Average total loans and leases were down 0.4% compared to the prior quarter driven by declines in CRE and total consumer loans, partially offset by higher C&I loans

•Average total deposits increased 0.2% quarter-over-quarter, with higher money market and interest-bearing demand balances, partially offset by lower time deposits

•Maintained strong capital position, with CET1 risk-based capital ratio of 10.1%(3), adjusted CET1(1) risk-based capital ratio of 8.9%(3), and TCE(1) ratio of 6.9%

•TBV per common share(1) of $9.47 was down $0.18, or 2%, from the prior quarter, largely due to the impact of market interest rates unfavorably impacting AOCI

•Repurchased $100 million of common shares, bringing the total to $409 million and representing approximately 25 million shares repurchased year‑to‑date

Summary Income Statement

Net interest income$2,069 $2,052 $1,506

Net interest income - FTE (1)

2,090 2,072 1,523

Noninterest income722 785 628

Total revenue2,791 2,837 2,134

Total revenue - FTE (1)

2,812 2,857 2,151

Noninterest expense1,772 1,809 1,246

Net income applicable to common shares680 686 602

PPNR (1)

1,040 1,048 905

Key Metrics

Diluted EPS$0.33 $0.33 $0.41

TBV per common share (1) 9.47 9.65 9.54

Return on average assets1.01 %1.02 %1.19 %

ROCE9.1 9.3 12.4

ROTCE (1)

14.6 15.1 17.8

Adjusted ROTCE (1)(2) 16.6 17.5 17.4

Net interest margin - FTE3.25 3.21 3.13

Efficiency ratio (1) 61.2 61.5 57.4

TCE ratio (1) 6.9 7.1 6.8

CET1 ratio (3) 10.1 10.0 10.6

Adjusted CET1 ratio (1)(3) 8.9 9.0 9.2

NCO ratio0.31 0.25 0.22

NPA ratio0.90 0.85 0.60

ACL ratio1.75 1.78 1.86

Average Balances

Earning assets$255,274 $258,600 $192,732

Loans and leases188,449189,255135,944

Deposits223,816223,403164,812

CEO Commentary

"Huntington delivered a solid quarter, reflecting disciplined execution and continued business momentum across the franchise," said Steve Steinour, Huntington chairman and chief executive officer. "We are also seeing increasing benefits from our recent partnerships with Veritex and Cadence, and are achieving our targeted cost and revenue synergies. Our results reflect our disciplined growth strategy, in line with our aggregate moderate-to-low risk profile, and give us confidence that we are on track to meet our financial targets and deliver sustained growth in earnings, tangible book value and long-term shareholder returns."

Contact

Analysts: Eric Wasserstrom (huntington.investor.relations@huntington.com), 614.480.5676

Media: Tracy Pesho (media@huntington.com), 216.276.3301

(1)Represents a non-GAAP financial measure. For additional details, see the "Use of Non-GAAP Financial Measures" section of this release and reconciliations to the comparable GAAP financial measure included in this release or Huntington's Quarterly Financial Supplement.

(2)Represents ROTCE, excluding the impact of Notable Items.

(3)Preliminary at September 30, 2026.

Notable Items Influencing Earnings

The following table details certain items that we believe are important to understanding corporate performance and trends (see Basis of Presentation).

Pretax Impact (1)

After-tax Impact (1)

($ in millions, except per share)AmountNet Income

EPS (2)

Three Months Ended September 30, 2026

Net income and EPS (GAAP)$721 $0.33

•Acquisition-related expenses$(117)(92)(0.05)

•Acquired equity security conversion adjustment(8)(6)—

Adjusted net income and EPS (non-GAAP)$819 $0.38

Three Months Ended June 30, 2026

Net income and EPS (GAAP)$727 $0.33

•Acquisition-related expenses$(152)(116)(0.06)

Adjusted net income and EPS (non-GAAP)$843 $0.39

Three Months Ended September 30, 2025

Net income and EPS (GAAP) $629 $0.41

•Acquisition-related expenses$(14)(11)(0.01)

• FDIC DIF special assessment (3) 6 5 0.01

• Gain on sale of a portion of a corporate trust and custody business 24 19 0.01

Adjusted net income and EPS (non-GAAP) $616 $0.40

(1)Favorable (unfavorable) impact.

(2)EPS reflected on a fully diluted basis.

(3)Represents the updated estimates on the uninsured deposit losses and recoverable asset