Financial Data and Key Metrics - Q3 earnings per common share reported at $0 33 with no impact from notable items [10] - Return on tangible common equity (ROTCE) at 16 2% adjusted for notable items [10] - Pre-provision net revenue (PPNR) increased by 8 3% driven by net interest income growth of 2 9% and fee revenue growth of 6 5% [10] - Average loan balances increased by $3 7 billion or 3 1% year-over-year [10] - Average deposits grew by $8 3 billion or 5 6% year-over-year [10] - Net charge-offs remained stable at 30 basis points with allowance for credit losses at 1 93% [10] - Adjusted CET1 ratio increased to 8 9% up 30 basis points from last quarter [10] - Tangible book value per share increased by 21 5% year-over-year [10] Business Line Data and Key Metrics - Loan growth accelerated with average balances up 3% year-over-year and end-of-period loans increasing at a 6 3% annualized rate [5] - Fee revenue strategies delivered GAAP fee income growth of 3% year-over-year with core fee revenues up 12% driven by payments wealth management and capital markets [5] - Consumer primary bank relationships (PBRs) increased by 2% and business banking PBRs increased by 4% year-over-year [6] - Merchant acquiring business completed final testing in September and launched commercially in October expected to add 1 percentage point to overall fee revenue growth [7] - Regional Banking group posted record loan production ex-PPP in Q3 with late-stage commercial pipelines up 68% year-over-year [8] - Wealth management revenue grew 18% year-over-year with advisory relationships up 7% and assets under management up 22% [22] - Capital markets revenue increased by $26 million or 50% year-over-year to $78 million [22] Market Data and Key Metrics - Full franchise and branch expansion into the Carolinas announced with results tracking better than initial business case [6] - Deposit growth outpaced peers with cumulative growth of 7 1% since early 2023 [15] - Net interest income increased by $39 million or 2 9% to $1 364 billion with net interest margin at 2 98% [16] - Cash and securities as a percentage of total average assets expected to remain at approximately 28% [18] - Asset sensitivity reduced by more than one-third in Q3 with further reductions expected by year-end 2024 and mid-2025 [19] Strategy and Industry Competition - Company is driving accelerated loan growth and sustained deposit growth supported by core businesses and new initiatives [4] - Actively executing down beta playbook in anticipation of declining Fed rate cycle with dynamic balance sheet management [4] - Focus on increasing fee revenues across payments wealth management and capital markets [4] - Disciplined credit management with stable net charge-offs and improved non-performing and criticized assets [4] - Investments in organic growth including expansion into new geographies and verticals [6] - Merchant acquiring business expected to significantly contribute to fee revenue growth [7] - Continued focus on expense management while investing in revenue-producing initiatives [9] Management Commentary on Operating Environment and Outlook - Management expressed confidence in sustaining organic growth outlook into 2025 [9] - Credit trends remain strong with disciplined client selection and sound fundamentals from commercial customers [8] - Robust production levels in September carried momentum into Q4 [8] - Expect record net interest income in 2025 based on current rate curve expectations [17] - Continued focus on driving capital ratios higher while funding high-return loan growth [24] - Full-year outlook remains unchanged with accelerating loan and deposit growth expected in Q4 [25] Other Important Information - Company announced full franchise and branch expansion into the Carolinas [6] - Merchant acquiring business completed final testing in September and launched commercially in October [7] - Investor Day scheduled for February 6 2025 [61] Q&A Session Summary Question: Q4 NII guidance implies flat to slightly down versus Q3 What is driving this? - Timing difference between floating rate asset yields coming down and deposit costs coming down with positive run rate benefit expected by end of Q4 [27] Question: Deposit growth continues to outpace loans Why not pay down higher-cost CDs? - Plan to leverage strong deposit growth to drive down beta and decelerate deposit growth while accelerating loan growth [28][29] Question: Clarification on NII growth trajectory and sensitivity to rate cuts - Expect NIM to rise throughout 2025 with record NII dollars driven by robust loan growth and NIM expansion [32][33] - Less rate cuts would be positive for NIM and NII in the short term while more rate cuts could benefit down rate deposit pricing in the long term [36][37] Question: Deposit growth strategy in Carolinas and beyond - Consumer deposit growth has been strong with commercial deposits accelerating particularly in mortgage service vertical [38] Question: Q4 NII expectations and merchant acquiring revenue impact - Q4 NII expected to be $15 million to $25 million lower sequentially with merchant acquiring expected to add $25 million in revenue next year [41][43] Question: Consensus expectations for Q4 2025 NII growth - Directionally correct with NIM expected to rise above 3% in H2 2025 and loan growth sustained at 6% annualized pace [45] Question: Expense run rate outlook for 2025 - Plan to drive positive operating leverage with continued focus on efficiency and investment in revenue-producing initiatives [46] Question: Fee revenue outperformance in Q3 - Primarily driven by capital markets with strong outlook for Q4 particularly in capital markets and payments [49] Question: Credit risk transfer (CRT) strategy going forward - CRT transactions viewed as tactical and opportunistic with focus on core organic earnings and strong return on capital [50][51] Question: Auto business trends and credit outlook - Auto production stepped up in Q3 with stable credit trends and disciplined customer selection [52][53][55] Question: Hedge program adjustments and future plans - Dynamic management of asset sensitivity with forward-starting receivers added to drive sensitivity lower [58][59]

Huntington Bancshares Incorporated (HBAN) reported third-quarter 2024 adjusted earnings per share (EPS) of 33 cents, which surpassed the Zacks Consensus Estimate of 30 cents. In the prior-year quarter, the company reported EPS of 35 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Shares of the company lost 4.2% in the pre-market trading despite the earnings beat. However, a full day's trading session will depict a clearer picture. Results have reflected improvements in fee i ...

Huntington Bancshares (HBAN) reported $1.89 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $0.33 for the same period compares to $0.36 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.86 billion, representing a surprise of +1.64%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.30. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.28 per share when it actually produced earnings of $0.30, delivering a surprise of 7.14%. Over the last f ...

Exhibit 99.2 HUNTINGTON BANCSHARES INCORPORATED Quarterly Financial Supplement September 30, 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 Income Statement Data 10 Quarterly Mortgage Banking Noninteres ...

Q3 Results Highlighted by Sequential Expansion of Net Interest Income and Fee Revenues, Sustained Loan and Deposit Growth, and Strong Credit Quality 2024 Third-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.33, higher by $0.03 from the prior quarter, and lower by $0.02 from the year-ago quarter. Net interest income increased $39 million, or 3%, from the prior quarter, and decreased $17 million, or 1%, from the year-ago quarter. Noninterest income increased $32 million, or 7%, fr ...

Huntington Bancshares Incorporated (HBAN) is slated to report third-quarter 2024 results results on Oct. 17, before the opening bell. The company's quarterly revenues and earnings are expected to have declined 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 7.14%. Results have reflected improvements in average loans and deposits. However, a fall in net interest income (NII) and elevated ...

The upcoming report from Huntington Bancshares (HBAN) is expected to reveal quarterly earnings of $0.30 per share, indicating a decline of 16.7% compared to the year-ago period. Analysts forecast revenues of $1.86 billion, representing a decrease of 1.7% year over year. Over the last 30 days, there has been a downward revision of 1.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over t ...

COLUMBUS, Ohio, Oct. 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Thursday, October 17, 2024. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website (www.huntington-ir.com). The Company will host a conference call to review quarterly financial results at 9 a.m. ET. Conference Call / Webcast Information The third quarter ...

COLUMBUS, Ohio, Sept. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 8.5 percent to 8 percent, effective September 19, 2024. Huntington's rate last changed on July 27, 2023, increasing from 8.25 percent to 8.5 percent. About Huntington Huntington Bancshares Incorporated is a $196 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide cons ...