BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2026

The following table provides the allocation of the purchase consideration to the assets acquired and liabilities

assumed from Veritex as of October 20, 2025.


(dollar amounts in millions)		Fair Value
Purchase consideration
Fair value of common stock issued		$1,659
Fair value of equity-based awards		23
Cash		2
Total consideration		1,684
Assets acquired
Cash and due from banks		19
Interest-earning deposits with banks		943
Available-for-sale securities		1,274
Other securities		76
Loans held for sale		83
Loans and leases		9,300
Allowance for loan and lease losses		(143)
Net loans and leases		9,157
Bank-owned life insurance		87
Premises and equipment		135
Servicing rights and other intangible assets		105
Other assets		147
Total assets acquired		12,026
Liabilities assumed
Deposits		10,516
Long-term debt		159
Other liabilities		117
Total liabilities assumed		10,792
Fair value of net assets acquired		1,234
Goodwill		$450

The following table provides the preliminary allocation of the purchase consideration to the assets acquired and

liabilities assumed from Cadence as of February 1, 2026.


(dollar amounts in millions)		Fair Value
Purchase consideration
Fair value of common stock issued		$8,068
Fair value of equity-based awards		117
Fair value of preferred stock issued		150
Total consideration		8,335
Assets acquired
Cash and due from banks		490
Interest-earning deposits with banks		1,368
Available-for-sale securities		8,964
Other securities		259
Loans held for sale		151
Loans and leases		36,912
Allowance for loan and lease losses		(567)
Net loans and leases		36,345
Bank-owned life insurance		768
Premises and equipment		738
Servicing rights and other intangible assets		1,005
Other assets		1,258
Total assets acquired		51,346
Liabilities assumed
Deposits		43,530
Short-term borrowings		1,553
Long-term debt		945
Other liabilities		480
Total liabilities assumed		46,508
Preliminary fair value of net assets acquired		4,838
Preliminary goodwill		$3,497

The following table includes the fair value and unpaid principal balance of the acquired loans and leases.

The pro forma information does not

necessarily reflect the results of operations that would have occurred had Huntington acquired Veritex and Cadence

on January 1, 2025. Furthermore, cost savings and other business synergies related to the acquisition are not

reflected in the pro forma combined amounts.


	Unaudited Pro Forma Combined Results
	Three months ended		Six months ended
(dollar amounts in millions)	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Net interest income	$2,044	$1,969	$4,077	$3,881
Noninterest income	785	584	1,524	1,179
Net income attributable to Huntington	726	677	1,200	1,341

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.