Huntington Bancshares Incorporated is a multi-state diversified regional bank holding company committed to making people's lives better, helping businesses thrive, and strengthening the communities it serves. Through its bank subsidiary, The Huntington National Bank, and other subsidiaries, it provides full-service commercial and consumer deposit, lending, and other banking services, including payments, mortgage banking, automobile, recreational vehicle and marine financing, investment banking, capital markets, advisory, equipment financing, distribution finance, investment management, trust, brokerage, and insurance. Huntington's business model emphasizes the delivery of a complete set of banking products and services offered by larger banks but distinguished by local delivery and customer service.

The company operates primarily in Ohio, Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin.

• Employees: 19,955 average full-time equivalent colleagues in 2023
• Geographic Footprint: Primarily located in Ohio, Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin.
• Headquarters: Columbus, Ohio
• Founded: 1966
• Number of locations/facilities: 999 full-service branches and private client group offices
• Revenue: $8.9 billion (FY2023)
• Key Subsidiaries/Brands: The Huntington National Bank, Huntington ChoicePay

• CEO: Stephen D. Steinour
• CFO: Zachary Wasserman
• Board Chair: Stephen D. Steinour

• Annual Revenue: $8.9 billion (FY2023)
• Net Income: $1.9 billion (FY2023)
• Total Assets: $189.4 billion (as of December 31, 2023)
• Employees: 19,955 average full-time equivalent colleagues in 2023
• Key Financial Highlights: Net interest income was $5.4 billion, up 3% from 2022. Provision for credit losses was $402 million, up 39% from 2022. Noninterest income was $1.9 billion, down 3% from 2022. Noninterest expense was $4.6 billion, up 9% from 2022.

Huntington provides a wide array of financial products and services, including:

• Consumer Banking: Includes deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.
• Commercial Banking: Provides expertise through bankers, capabilities, and digital channels, and includes a comprehensive set of product offerings.
• Wealth Management: Includes private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust services, institutional custody services, and full-service retail brokerage investments.

Huntington operates through two main business segments:

• Consumer & Regional Banking: Provides financial products and services to consumer and business customers.
• Commercial Banking: Offers expertise to mid-market to large corporates across a national footprint.

The Treasury / Other function includes technology and operations, and other unallocated assets, liabilities, revenue, and expense.

Huntington's business strategy is focused on being a people-first, digitally powered bank. Key strategic initiatives include:

• Using a consultative and advisory sales approach to provide solutions specific to each customer.
• Leveraging each business segment's products and expertise to benefit customers.
• Developing prospects who may want to have multiple products and services.
• Investing in and evolving the innovation program to launch new products and services.
• Identifying partnership and investment opportunities in technology-driven companies.

Huntington competes with other banks and financial services companies, including savings and loans, credit unions, finance and trust companies, mortgage banking companies, equipment and automobile financing companies, insurance companies, mutual funds, investment advisors, brokerage firms, and non-bank lenders. Financial technology companies also provide competition. The company competes for loans and deposits based on value and service, building customer relationships, demonstrating expertise, and providing convenience.

Huntington employs customer-friendly practices such as a $50 Safety Zone, 24-Hour Grace, Early Pay, Instant Access, and Asterisk-Free Checking.

• Credit Risks: The adequacy of the ACL level and credit risk exposures could adversely affect net income and capital. Weakness in economic conditions could also adversely affect the business.
• Market Risks: Changes in interest rates could reduce net interest income, reduce transactional income, and negatively impact the value of loans, securities, and other assets.
• Liquidity Risks: Changes in Huntington's financial condition or in the general banking industry, or changes in interest rates, could result in a loss of depositor confidence.
• Operational Risks: Failures or breaches in operational or security systems or infrastructure could disrupt the business and adversely impact operations, liquidity, and financial condition.
• Regulatory Risks: Noncompliance with banking laws and regulations could adversely affect the business.