Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Shareholder Meeting (April 2024)
19 slides from Huntington Bancshares's shareholder meeting presentation, Apr 17, 2024
Slide 1: 2024 Annual Shareholders' Meeting
Internal Use Welcome.® 2024 Annual Shareholders’ Meeting April 17, 2024 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2024 Huntington Bancshares Incorporated.
Slide 2: Deeply Engaged, Diverse Board of Directors
2024 Annual Shareholders’ Meeting 2 Deeply Engaged, Diverse Board of Directors Stephen Steinour Chairman, President, and CEO Huntington Bancshares Incorporated President and CEO The Huntington National Bank Ann (Tanny) Crane President and CEO Crane Group Company Gina France CEO and President France
Slide 3: Welcome.
2024 Annual Shareholders’ Meeting 3 Welcome.®
Slide 4: Disclaimer
2024 Annual Shareholders’ Meeting 4 Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS The information contained or incorporated by reference in this presentation contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and sta
Slide 5: Chairman's Presentation: Discussion Topics
Chairman’s Presentation: Discussion Topics 2023 Year in Review Business / Strategy Update
Slide 6: Huntington: A Purpose-Driven Company
2024 Annual Shareholders’ Meeting 6 OUR PURPOSE We make people’s lives better, help businesses thrive, and strengthen the communities we serve OUR VISION To be the leading People-First, Digitally Powered Bank Purpose and Vision Linked to Business Strategies Guided by Through-the-Cycle Aggregate Mode
Slide 7: 2023 Review | Performing Through a Dynamic Environment
2024 Annual Shareholders’ Meeting 7 2023 Review | Performing Through a Dynamic Environment Executing Core Strategies Building on Position of Strength Maintained new customer acquisition momentum with consumer primary bank relationship (PBR) growth of 3% and business PBR of 5% YoY, supporting susta
Slide 8: Huntington Bancshares Snapshot
2024 Annual Shareholders’ Meeting 8 $174 $183 $189 2021 2022 2023 $143 $148 $151 2021 2022 2023 Total Assets $189 Billion Total Loans $122 Billion Total Deposits $151 Billion EQUIPMENT FINANCE SBA LENDER #6 #1 NATIONALLY NATIONALLY (6 Years) $112 $120 $122 2021 2022 2023 Huntington Bancshares Snapsh
Slide 9: Driving Deposit Growth Outperformance vs Peers
2024 Annual Shareholders’ Meeting 9 Driving Deposit Growth Outperformance vs Peers 0.4% 1.9% 2.6% 2.4% 2.7% 2.3% 4.1% 5.2% 0.2% -1.4% -4.5% -3.9% -5.0% -6.0% -6.7% -6.4% 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 HBAN Peer Median(1) Cumulative Growth Rate of Average Deposits since 4Q21 Top / Botto
Slide 10: Huntington Bancshares Snapshot: Total Shareholder Return and Capital Return
2024 Annual Shareholders’ Meeting 5-year Total Shareholder Return (TSR) 36% 25% HBAN Peer Median (2) Capital Return to Shareholders ($ in millions) $611 $621 $826 $908 $911 $441 $92 $650$1,052 $713 $1,476 $908 $911 2019 2020 2021 2022 2023 Dividends Buybacks Dividends Declared Per Common Share $0.62
Slide 11: Diligent Through the Cycle Management
2024 Annual Shareholders’ Meeting 11 Diligent Through the Cycle Management 0.23% 0.33% HBAN Peer Median Net Charge-off Ratio 2023 FY ACL Reserve Ratio As of 12/31/2023 1.97% 1.62% HBAN Peer Median • Credit quality remains strong with normalization consistent with expectations • Consistent top-tier c
Slide 12: First Quarter 2024 Earnings Call
2024 Annual Shareholders’ Meeting 12 First Quarter 2024 Earnings Call Friday, April 19, 2024 8:00 a.m. ET Huntington’s management will host an earnings conference call the same day at 8:00 a.m. ET. The call, along with slides, may be accessed via a live Internet webcast in the Investor Relations
Slide 13: Use of Non-GAAP Financial Measures
2024 Annual Shareholders’ Meeting 13 Use of Non-GAAP Financial Measures This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington’s results of operations or financial position. Where non-GAAP financial measur
Slide 14: Basis of Presentation
2024 Annual Shareholders’ Meeting 14 Basis of Presentation Rounding Please note that columns of data in this document may not add due to rounding. Notable Items From time to time, revenue, expenses, or taxes are impacted by items judged by management to be outside of ordinary banking activities and/
Slide 15: Notes
2024 Annual Shareholders’ Meeting Slide 8: (1) Equipment Leasing & Financing Association, 2021, bank-owned firms, includes HTF portfolio in terms of annual production (2) By number (units) of 7(a) loans nationally Slide 9: (1) Source: S&P Global Market Intelligence and filings - Peers includes CMA,
Slide 16: Non-GAAP Reconciliation: Pre-Provision Net Revenue (PPNR)
2024 Annual Shareholders’ Meeting Pre-Provision Net Revenue ($ in millions) 2021 2022 2023 Total revenue $5,991 $7,254 $7,360 FTE adjustment 25 31 42 Total revenue (FTE) A 6,016 7,285 7,402 Less: gain on sale of business line -- -- 57 Less: net gain / (loss) on securities 9 -- (7) Total Revenue (FTE
Slide 17: Non-GAAP Reconciliation: Return on Tangible Common Equity
2024 Annual Shareholders’ Meeting ($ in millions) 2021 2022 2023 Average common shareholders’ equity $14,569 $16,096 $16,217 Less: intangible assets and goodwill 4,108 5,688 5,731 Add: net tax effect of intangible assets 48 47 35 Average tangible common shareholders’ equity (A) $10,509 $10,455 $10,5
Slide 18: Non-GAAP Reconciliation: Common Equity Tier 1 (CET1)
2024 Annual Shareholders’ Meeting 18 Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 4Q23 Common Equity Tier 1 (A) $14,212 Add: accumulated other comprehensive income (loss) (AOCI) (2,676) Less: cash flow hedge (363) Adjusted Common Equity Tier 1 (B) $11,899 Ri
Slide 19: Huntington. Welcome.
(2) Huntington Welcome:
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