Huntington Bancshares HBAN
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Feb 14, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
28 paragraphs in Risk Factors of the 10-K filed Feb 13, 2026 with nothing like them in the 10-K filed Feb 14, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
The following is a summary of material risks that could adversely affect Huntington’s business, financial condition, results of operation, or business.
•We grow our business in part by acquiring, from time to time, other financial services businesses and businesses with technologies or other assets valuable to us. Acquisitions present several risks and uncertainties related both to the acquisition transactions themselves and to the integration of the acquired businesses into Huntington after closing.
Similar paragraph at 1 of 75 other Financials companies: PNC
•We are expected to incur substantial costs related to the Cadence Merger and integration.
Similar paragraph at 1 of 75 other Financials companies: FITB•Combining Huntington and Cadence may be more difficult, costly or time consuming than expected and Huntington and Cadence may fail to realize the anticipated benefits of the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: COF•The future results of the combined company following the Cadence Merger may suffer if the combined company does not effectively manage its expanded operations.
Similar paragraph at 1 of 75 other Financials companies: FITB•The combined company may be unable to retain Huntington or Cadence personnel successfully.
At December 31, 2025, 60% of our loan portfolio was comprised of loans in our commercial loan portfolio, which includes commercial and industrial loans, commercial real estate loans, and lease financing. While commercial loans are generally more interest rate sensitive and carry higher yields than residential mortgage loans, these types of loans generally expose a lender to greater risk of non-payment and loss than single-family residential mortgage loans because repayment of the loans often depend on the income stream of the borrowers or successful operation of the property. Such loans typically involve larger loan balances to single borrowers or groups of related borrowers compared to single-family residential mortgage loans. At December 31, 2025, we had $1.7 billion of reserves specifically allocated to loans in our commercial loan portfolio. We also monitor loan concentrations on an individual relationship and industry wide basis to evaluate the amount of risk we have in our loan portfolio.
We grow our business in part by acquiring, from time to time, other financial services businesses and businesses with technologies or other assets valuable to us. Acquisitions present several risks and uncertainties related both to the acquisition transactions themselves and to the integration of the acquired businesses into Huntington after closing.
Similar paragraph at 1 of 75 other Financials companies: PNCAcquisitions of other companies or of financial assets, deposits, and other liabilities present risks and uncertainties to us, in addition to those presented by the nature of the business acquired, which may materially and adversely affect our results of operations. Many of the same risks arise when we engage in strategic partnerships. Our ability to analyze the risks presented by prospective acquisitions, as well as our ability to prepare in advance of closing and integration, may be limited to the extent that we cannot gather necessary or desirable information with respect to the business we are acquiring. We may also make certain assumptions related to an acquisition that may prove to be inaccurate and that may limit the anticipated benefits (such as cost savings from synergies or strategic gains from being able to offer enhanced product sets) or make the acquisition more expensive or take longer to complete and integrate than anticipated. Prior to closing, prospective acquirees are also subject to their own risks that we cannot manage or control. Our ability to complete an acquisition may be dependent on regulatory agencies with responsibilities for reviewing or approving the transaction, which could delay, restrictively condition, or result in denial of an acquisition, or otherwise limit the benefits of the acquisition. Changes in regulatory rules or standards or the application of those rules or standards, or future regulatory initiatives designed to promote competition or limit systematic risk and the potential for a financial institution to become too big to fail, may also limit our ability to complete an acquisition.
Similar paragraph at 1 of 75 other Financials companies: PNCAcquisitions have their own risks that could impact the success of an acquisition and its integration into Huntington, such as:
Similar paragraph at 1 of 75 other Financials companies: PNC•If a significant aspect of the value of the transaction is intellectual property, the extent to which the intellectual property may be utilized or protected and commercialized by Huntington.
Similar paragraph at 1 of 75 other Financials companies: PNC•If the acquisition includes loan portfolios, the extent of actual credit losses and the required allowance for credit losses following completion of the acquisition.
Similar paragraph at 1 of 75 other Financials companies: PNC•If the acquisition involves entering into new businesses or geographic or other markets, potential limitations on our ability to take advantage of those opportunities because of our inexperience with respect to them.
Similar paragraph at 1 of 75 other Financials companies: PNC•The results of litigation and governmental investigations that may be pending at the time of the acquisition or that may be filed or commenced thereafter, because of an acquisition or otherwise, which are often hard to predict.
Similar paragraph at 1 of 75 other Financials companies: PNC•Operational and compliance issues at an acquiree may not be fully identified or remediated until after the acquisition closes, potentially resulting in increased costs or penalties.
Similar paragraph at 1 of 75 other Financials companies: PNC•Models used by an acquiree, such as for capital planning and credit loss accounting, may be designed or implemented in a manner different than at Huntington, and our necessary reliance on these for a period of time, could materially impact our financial position or results of operations to the extent that our estimates based on these models are inaccurate.
Similar paragraph at 1 of 75 other Financials companies: PNC•Enterprise risk management systems, policies, and procedures may be different and less mature than those of Huntington, and our necessary reliance on those for a period of time may limit our ability to identify, monitor, manage, and report risks, or subject us to heightened regulatory, legal, operational, or reputational risk.
Similar paragraph at 1 of 75 other Financials companies: PNCAfter closing, the success of an acquisition is partially dependent on our ability to retain and expand upon the acquired company’s customer base. It is also frequently subject to risks related to human capital, including risks related to integrating the corporate culture of the acquired company and, to the extent being retained, the quality of leadership of the acquired company.
Similar paragraph at 1 of 75 other Financials companies: PNC
Show the other 1
We are expected to incur substantial costs related to the Cadence Merger and integration.
Similar paragraph at 1 of 75 other Financials companies: FITBWe have incurred and will incur substantial expenses in connection with the negotiation and completion of the transactions contemplated by the Cadence Merger Agreement. These costs include legal, financial advisory, accounting, consulting and other advisory fees, public company filing fees and other regulatory fees and financial printing and other related costs.
We are expected to incur substantial costs in connection with the related integration of Cadence. There are a large number of processes, policies, procedures, operations, technologies, and systems that may need to be integrated, including purchasing, accounting and finance, payroll, compliance, treasury management, branch operations, vendor management, risk management, lines of business, pricing and benefits. While we have assumed that a certain level of costs will be incurred, there are many factors beyond our control that could affect the total amount or the timing of the integration costs. Moreover, many of the costs that will be incurred are, by their nature, difficult to estimate accurately. These integration costs may result in us taking charges against earnings following the completion of the Cadence Merger, and the amount and timing of such charges are uncertain at present.
Combining Huntington and Cadence may be more difficult, costly or time consuming than expected and Huntington and Cadence may fail to realize the anticipated benefits of the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: COFThe success of the Cadence Merger will depend, in part, on the ability to realize the anticipated cost savings from combining the businesses of Huntington and Cadence. To realize the anticipated benefits and cost savings from the Cadence Merger, Huntington and Cadence must successfully integrate and combine their businesses in a manner that permits those cost savings to be realized. If Huntington and Cadence are not able to successfully achieve these objectives, the anticipated benefits of the Cadence Merger may not be realized fully or at all or may take longer to realize than expected. In addition, the actual cost savings and anticipated benefits of the Cadence Merger could be less than anticipated, and integration may result in additional unforeseen expenses.
Prior to completion of the Cadence Merger on February 1, 2026, Huntington and Cadence operated independently. It is possible that the integration process could result in the loss of key employees, the disruption of each company’s ongoing businesses or inconsistencies in standards, controls, procedures, and policies that adversely affect the companies’ ability to maintain relationships with clients, customers, depositors, and colleagues or to achieve the anticipated benefits and cost savings of the Cadence Merger. Integration efforts between the two companies may also divert management attention and resources. These integration matters could have an adverse effect on each of Huntington and Cadence during this transition period and for an undetermined period after completion of the Cadence Merger on the combined company.
The future results of the combined company following the Cadence Merger may suffer if the combined company does not effectively manage its expanded operations.
Similar paragraph at 1 of 75 other Financials companies: FITBFollowing the Cadence Merger, the size of the business of the combined company will increase significantly beyond the current size of either Huntington’s or Cadence’s business. The combined company’s future success will depend, in part, upon its ability to manage this expanded business, which may pose challenges for management, including challenges related to the management and monitoring of new operations and associated increased costs and complexity. The combined company may also become subject to higher regulatory and supervisory standards from governmental authorities as a result of the significant increase in the size of its business after the consummation of the Cadence Merger, which will cause Huntington to become subject to standards currently applicable to Category III banking organizations under the Federal Reserve’s Regulation YY, following the applicable transition period. There can be no assurances that the combined company will be successful or that it will realize the expected operating efficiencies, cost savings, revenue enhancements or other benefits currently anticipated from the Cadence Merger.
Similar paragraph at 1 of 75 other Financials companies: FITBThe combined company may be unable to retain Huntington or Cadence personnel successfully.
The success of the Cadence Merger will depend in part on the combined company’s ability to retain the talents and dedication of key employees currently employed by Huntington and Cadence. It is possible that these employees may decide not to remain with Huntington or Cadence, as applicable. If Huntington and Cadence are unable to retain key employees, including management, who are critical to the successful integration and future operations of the companies, Huntington and Cadence could face disruptions in their operations, loss of existing customers, loss of key information, expertise or know-how and unanticipated additional recruitment costs. In addition, if key employees terminate their employment, or if an insufficient number of employees are retained to maintain effective operations, the combined company’s business activities may be adversely affected and management’s attention may be diverted from successfully integrating the Bank and Cadence to hiring suitable replacements, all of which may cause the combined company’s business to suffer. In addition, Huntington and Cadence may not be able to locate or retain suitable replacements for any key employees who leave any of the companies.
Paragraphs in the 10-Q filed Oct 27, 2026 that were not in the one before
New in the latest 10-Q
16 paragraphs in the 10-Q filed Oct 27, 2026 with nothing like them in the 10-Q filed Jul 28, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Item 6
CFPB Bureau of Consumer Financial Protection SOFR Secured Overnight Financing Rate CLN Credit Linked Note SPE Special Purpose Entity
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• Deepen customer relationships through advice-driven local delivery of national capabilities and broader product offerings;
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• Generate sustainable long-term profitable growth across our regional and national businesses;
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• Invest in technology, data, automation, and digital capabilities to enhance the customer experience, improve efficiency, and support scalable growth;
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• Deploy capital prudently to support organic growth and deliver long-term shareholder returns; and
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Show the other 11
The U.S. economy remained resilient in the third quarter, supported by solid consumer spending, business investment, and continued spending on artificial intelligence and related infrastructure. The labor market remained stable, with continued payroll growth and unemployment near historically low levels. Geopolitical tensions in the Middle East and elevated energy prices weighed on confidence, but strong household and corporate balance sheets helped sustain growth.
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Interest rates moved sharply higher during the quarter as persistent inflation and durable economic strength led investors to price in a higher path for policy rates. In September, the Federal Reserve raised the federal funds target range by 25 basis points to 3.75% - 4.00%, its first rate increase since July 2023. Markets continue to price in the possibility of further tightening before year-end.
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Looking ahead, growth is expected to continue, supported by consumer spending, a stable labor market, and ongoing investment in technology and infrastructure. Key risks include inflation, the path of interest rates, and geopolitical developments.
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(1)In the third quarter of 2026, we reclassified insurance income and leasing revenue into other noninterest income. Prior period amounts have been revised to conform with the current period presentation.
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(1)In the third quarter of 2026, we reclassified deposit and other insurance expense and lease financing equipment depreciation into other noninterest expense. Prior period amounts have been revised to conform with the current period presentation.
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Table 7 - Impact of Acquisition-related Expenses Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30,
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Financial statements and notes
The baseline economic forecast used as part of estimating the ACL at September 30, 2026 reflected a modest softening in the labor market and slowing economic growth. Under this scenario, the unemployment rate is expected to gradually increase over the next year to 4.7%, while GDP growth is expected to moderate through the remainder of 2026, not exceeding 2% until the fourth quarter of 2027. These economic expectations, together with portfolio-specific performance trends and other qualitative factors, were incorporated into the Company’s estimate of expected credit losses.
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Item 6
(1) Standard & Poor’s does not provide a depositor rating. The Bank’s long-term issuer credit rating is A- and its short-term issuer credit rating is A-2. (2) In September 2026, Fitch Ratings lowered the Company's senior unsecured debt rating to BBB+ and subordinated debt rating to BBB. Fitch indicated that the action reflected the application of its methodology for institutions expected to be subject to Category III regulatory standards and did not reflect a change in its assessment of the Company's underlying credit profile.
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Financial statements and notes
The baseline economic forecast used as part of estimating the ACL at September 30, 2026 reflected a modest softening in the labor market and slowing economic growth. Under this scenario, the unemployment rate is expected to gradually increase over the next year to 4.7%, while GDP growth is expected to moderate through the remainder of 2026, not exceeding 2% until the fourth quarter of 2027. These economic expectations, together with portfolio-specific performance trends and other qualitative factors, were incorporated into the Company’s estimate of expected credit losses.
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Excluding fully amortized intangible assets, Huntington’s other intangible assets consisted of the following. (dollar amounts in millions) Gross Accumulated Net
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The parties have reached a tentative resolution, and settlement documentation is being prepared. All court dates and deadlines, including the trial date, have been stayed pending finalization of the settlement. 18. SEGMENT REPORTING
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 27, 2026 against Item 1A of the 10-K filed Feb 13, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our 2025 Annual Report on Form 10-K, which could materially affect our business, financial condition, or results of operations. There have been no material changes to the risk factors previously disclosed in our 2025 Annual Report on Form 10-K.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
What was taken out
2 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
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