Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Huntington Bancshares (HBAN) - HBAN currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, HBAN shares increased by 6.18%, outperforming the Zacks Banks - Midwest industry, which rose by 5.45% [6] - In the last quarter, HBAN shares rose by 11.11%, and over the past year, they increased by 31.8%, compared to the S&P 500's gains of 5.33% and 26.85%, respectively [7] - The average 20-day trading volume for HBAN is 15,305,741 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, 8 earnings estimates for HBAN have been revised upwards, while none have been lowered, raising the consensus estimate from $1.34 to $1.40 [10] - For the next fiscal year, there have been 3 upward revisions and 2 downward revisions in earnings estimates [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, HBAN is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]

Group 1 - Huntington Bancshares Incorporated will host an Investor Day in New York City on February 6, 2025, with presentations from the chairman, president, and CEO, Stephen Steinour, along with the management team [1] - Attendance is by invitation only for institutional investors and analysts, with presentations scheduled to start at 8:30 a.m. ET and conclude around 1 p.m. ET [1] - A live audio webcast of the conference and presentation slides will be available to the public on Huntington's Investor Relations website, with a replay accessible after the event [2] Group 2 - Huntington Bancshares Incorporated is a regional bank holding company with $204 billion in assets, headquartered in Columbus, Ohio [3] - The company was founded in 1866 and provides a comprehensive suite of banking, payments, wealth management, and risk management products and services to various clients, including consumers and businesses [3] - Huntington operates 978 branches across 12 states, with some businesses extending into additional geographies [3]

Financial Data and Key Metrics Changes - The company reported earnings per common share of $0.34, with a return on tangible common equity (ROTCE) of 16.4% for the quarter [17] - Average loan balances increased by $7 billion or 5.7% year-over-year, while average deposits rose by $9.7 billion or 6.5% year-over-year [17] - Common equity Tier 1 (CET1) ended the quarter at 10.5%, up approximately 30 basis points from the previous year [18] - Tangible book value per share increased by 6.9% year-over-year [18] Business Line Data and Key Metrics Changes - Fee revenue businesses performed exceptionally well, with capital markets setting a new quarterly record for revenue at $120 million, a 74% increase from the previous year [12][32] - Wealth management fees increased by 8% year-over-year, with assets under management (AUM) growing by 16% [32] - Payments revenue grew by 8% year-over-year, driven by a 16% increase in commercial payment revenues [32] Market Data and Key Metrics Changes - The company experienced strong credit performance, with net charge-offs stable at 30 basis points [18][35] - The criticized asset ratio improved to 3.76%, while the non-performing asset ratio remained stable at 63 basis points [36] Company Strategy and Development Direction - The company is focused on executing organic growth strategies, driving revenues higher, and maintaining a consistent approach to risk management [15] - Investments in new geographies and capabilities are expected to deliver robust organic growth in future years [10] - The company plans to maintain a loan growth target of 5% to 7% for 2025, with deposit growth expected between 3% and 5% [37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to manage net interest margin (NIM) within a dynamic interest rate environment [48] - The outlook for 2025 includes expectations for record net interest income and fee revenues, with a focus on key fee revenue areas [37] - Management noted positive borrower sentiment and confidence in growth post-election, contributing to strong loan production [104] Other Important Information - The company lowered its overall cost of deposits by 24 basis points to 2.16% [24] - Non-interest income increased by $154 million from the prior year, with core underlying fee revenues up by 20% [30] Q&A Session Summary Question: Can you talk about the confidence around the NII guidance range? - Management expressed confidence in driving revenue growth within the guidance range, despite uncertainties in the macro environment [46][48] Question: Can you discuss the loan growth versus deposit growth? - Management indicated that loan growth is expected to outpace deposit growth, allowing for flexibility in deposit costs [50][54] Question: What is the new money loan production yield? - Management stated that yields are consistent with overall spread levels, benefiting from fixed asset repricing [60] Question: How do you see capital return and buybacks? - Management indicated that capital generation forecasts will influence the timing of share repurchases, with a focus on maintaining high-return loan growth [62][66] Question: What are your expectations around the incremental margin and cost of deposits? - Management noted that the loan-to-deposit ratio provides an opportunity to drive loan growth faster than deposit growth, with expectations for NIM to rise over time [72][74] Question: Can you elaborate on the NIM outlook for the full year? - Management expects NIM to remain flat throughout 2025, with potential for increases in 2026 and beyond [117][123] Question: What is the outlook for provisioning and reserve build? - Management indicated that while reserves may remain stable or increase in dollars due to loan growth, the allowance for credit losses (ACL) coverage ratio may decline [148][152]

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 34 cents, exceeding the Zacks Consensus Estimate of 31 cents, and showing significant improvement from 15 cents in the prior-year quarter [1][2]. Financial Performance - For 2024, adjusted EPS was $1.23, beating the Zacks Consensus Estimate of $1.22, and up from $1.11 in the previous year [2]. - The company reported a net income attributable to common shareholders of $530 million for the quarter, a substantial increase from $243 million in the prior-year quarter [3]. - Total quarterly revenues increased 13.6% year over year to $1.97 billion, surpassing the Zacks Consensus Estimate of $1.9 billion [4]. - Full-year revenues totaled $7.43 billion, showing a slight year-over-year increase and beating the Zacks Consensus Estimate of $7.37 billion [4]. Income and Expenses - Net interest income (NII) on a fully taxable-equivalent (FTE) basis was $1.4 billion, up 6.2% from the prior-year quarter, driven by a rise in average earning assets [5]. - Non-interest income rose 38% year over year to $559 million, supported by increases in various revenue streams including payments, cash management, and mortgage banking [6]. - Non-interest expenses decreased by 12.6% year over year to $1.18 billion, primarily due to reductions in several expense categories [7]. Loans and Deposits - As of December 31, 2024, average loans and leases increased nearly 2.9% sequentially to $128.2 billion, while average total deposits rose 1.9% to $159.4 billion [8]. Credit Quality - Net charge-offs were $97 million, slightly up from $94 million in the prior-year quarter, with the allowance for credit losses increasing 1.9% to $2.45 billion [9]. - Total non-performing assets reached $822 million, up 15.6% from the prior-year quarter [9]. - The provision for credit losses was recorded at $107 million, down 15.1% from the year-ago quarter [10]. Capital Ratios - The common equity tier 1 risk-based capital ratio was 10.5%, up from 10.2% in the year-ago period [11]. - The regulatory Tier 1 risk-based capital ratio was 11.9%, down from 12% in the comparable period in 2023 [11]. - The tangible common equity to tangible assets ratio remained flat at 6.1% [11]. Strategic Outlook - The company's inorganic expansion strategies are expected to enhance revenue growth in the near term, while efforts to expand commercial banking capabilities will support long-term financial performance [12].

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For the quarter ended December 2024, Huntington Bancshares (HBAN) reported revenue of $1.97 billion, up 13.6% over the same period last year. EPS came in at $0.34, compared to $0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.9 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +9.68%, with the consensus EPS estimate being $0.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.30 per share when it actually produced earnings of $0.33, delivering a surprise of 10%.Over the last fou ...

Exhibit 99.2 HUNTINGTON BANCSHARES INCORPORATED Quarterly Financial Supplement December 31, 2024 Table of Contents | Quarterly Key Statistics | 1 | | --- | --- | | Year to Date Key Statistics | 2 | | Consolidated Balance Sheets | 4 | | Loans and Leases Composition | 5 | | Deposits Composition | 6 | | Consolidated Quarterly Average Balance Sheets | 7 | | Consolidated Quarterly Net Interest Margin - Interest Income / Expense | 8 | | Consolidated Quarterly Net Interest Margin - Yield | 9 | | Selected Quarterly ...

Q4 Results Highlighted by Record Fees and Loan Growth, Sustained Deposit Growth and Sequential Expansion of Net Interest Income 2024 Fourth-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.34, higher by $0.01 from the prior quarter, and $0.19 higher than the year-ago quarter. Excluding the after-tax impact of Notable Items, EPS was higher by $0.07 from the year-ago quarter. The previously announced sale of approximately $1 billion of corporate debt investment securities decreased ...

Huntington Bancshares Incorporated (HBAN) is slated to report fourth-quarter 2024 results on Jan. 17, before the opening bell. The company’s quarterly revenues and earnings are expected to have increased year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the bank recorded a positive earnings surprise of 10%. Results reflected improvements in average loans and deposit balances.  Also, the company recorded a year-over-year rise in fee income. ...