Huntington Bancshares (HBAN) investor relations material

Executive summary

• Delivered strong organic growth in loans and deposits, supported by a differentiated model and disciplined risk management.

• Integration of Veritex and Cadence is on track, delivering cost and revenue synergies and supporting durable earnings.

• Completed Veritex systems conversion and Cadence partnership, with further expansion planned in Texas and the South.

• Accelerated capital returns through share repurchases and tangible book value growth.

• Maintained a moderate-to-low risk appetite with robust risk management and disciplined capital allocation.

Financial highlights

• Adjusted EPS grew 9% year-over-year to $0.37; reported EPS was $0.25.

• Net interest income rose 19% sequentially and 33% year-over-year to $1.89 billion; NIM at 3.24%.

• Noninterest income increased 38% year-over-year to $682 million, with strong growth in capital markets, payments, and deposit fees.

• Average total loans and leases grew 19% sequentially and 33% year-over-year to $174.2 billion; average total deposits up 18% sequentially and 27% year-over-year to $204.6 billion.

• Tangible book value per share up 9% year-over-year to $9.55.

Outlook and guidance

• Raised ROTCE target to 18%-19% for 2027, up from 16%-17%.

• FY26 net interest income expected to grow 10–13% over FY25 baseline; average loans and deposits projected to increase by ~$34B and ~$43B, respectively.

• Fee revenue growth guidance raised to 31%-33%; noninterest income guidance raised on strong segment performance.

• Expense growth range tightened to lower half of 32.5%-33.5%; efficiency ratio targeted below 54% by Q4 2026.

• 2027 EPS projected at $1.90-$1.93; planning $550M in share repurchases in FY26 and $1.1–1.2B in 2027.