Huntington completed the sale of the RPS business in March 2023, resulting in a $57 million gain. This transaction represents a strategic decision to streamline operations.

During the second quarter of 2023, Huntington completed an organizational realignment, consolidating Consumer and Business Banking, Vehicle Finance and RBHPCG, into one new business segment called Consumer & Regional Banking.

Expense management is a key focus, with staffing-related initiatives and consolidation of corporate locations resulting in $69 million in savings after tax. However, the FDIC special assessment significantly increased expenses.

The Community Plan, a five-year $40 billion commitment, is progressing, with $13.6 billion in affordable housing financing and consumer lending, $5.6 billion in Small Business lending programs, and $5.7 billion in community development loans and investments achieved through September 30, 2023.

The ACL level may prove to not be adequate or be negatively affected by credit risk exposures which could adversely affect our net income and capital.

Continued economic uncertainty and a recessionary or stagnant economy could adversely affect our business, financial condition, and results of operations.

Changes in interest rates could reduce our net interest income, reduce transactional income, and negatively impact the value of our loans, securities, and other assets.

The financial services industry is highly competitive, with increasing competition from banks, credit unions, fintech companies, and other non-bank financial service providers.

We have a 'Fair Play' banking philosophy: providing differentiated products and services, built on a strong foundation of customer friendly products and advocacy.

Huntington is #1 in deposit market share in Columbus, OH (40%), and Grand Rapids, MI (19%).

Our operational or security systems or infrastructure, or those of third parties, could fail or be breached, which could disrupt our business and adversely impact our operations, liquidity, and financial condition, as well as cause legal or reputational harm.

We closely monitor activity in the marketplace to ensure that our products and services are technologically competitive. Further, we continue to invest in and evolve our innovation program to develop, incubate, and launch new products and services driving ongoing differentiated value for our customers.

Board authorized repurchase of up to $1.0 billion of common shares, but the company does not expect to utilize the share repurchase program through 2024.

Huntington is focused on maintaining strong capital ratios and is well-capitalized, exceeding regulatory requirements.

Huntington supports environmental stewardship, reflecting our commitment to mitigating the effects of climate change, promoting biodiversity, and reducing our reliance on natural resources.

Huntington's commitment to pay equity works to ensure that gender, race, and ethnicity are not determining factors in salaries, bonuses, and stock-based awards.

In June 2021, we made a five-year $40 billion commitment toward our Community Plan to strengthen small businesses and foster economic justice throughout our footprint.

Continued economic uncertainty and a recessionary or stagnant economy could adversely affect our business, financial condition, and results of operations.

As cybersecurity and data privacy risks for banking organizations and the broader financial system have significantly increased in recent years, cybersecurity and data privacy issues have become the subject of increasing legislative and regulatory focus.