Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — 2024 Goldman Sachs US Financial Services Conference
12 slides from Huntington Bancshares's conference presentation, Dec 11, 2024
Slide 1: 2024 Goldman Sachs US Financial Services Conference
Welcome.® 2024 Goldman Sachs US Financial Services Conference December 11, 2024 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares 2024 Goldman Sachs US Financial Services Conference Incorporated. ©202
Slide 2: Disclaimer
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 statements, which are not historical fa
Slide 3: Discussion Topics
Discussion Topics 1 2 3 4 Delivering Disciplined Maintaining Building Leading Execution in Strong Credit Momentum Organic Growth Dynamic Rate Performance into 2025 Environment ✓ Robust production ✓ Active down beta ✓ Top quartile NCOs ✓ Revenue growth in core and new (cost of deposits vs. peers(2) a
Slide 4: 2024 Year in Review: Delivering Leading Organic Growth
2024 Year in Review: Delivering Leading Organic Growth Delivering on Growth Accelerating Fee Maintaining Strong Capital Initiatives Revenues Ratios, Liquidity, & Credit ✓ Growing Primary Banking ✓ Increased Treasury ✓ Managed capital ratios higher Relationships YoY Management penetration through org
Slide 5: Exceptional Performance Across Core and New Initiatives
Exceptional Performance Across Core and New Initiatives Expanding into High-Growth Commercial led loan growth and growing High-Return Businesses contributions by new initiatives offset by CRE declines ✓ +2 geographic expansions Core growth led by Auto Floorplan, Regional & Business Banking, Auto
Slide 6: Delivering Peer Leading Organic Growth
Delivering Peer Leading Organic Growth Loan and Deposit Growth (EOP)(1) Loan Growth (ADB) +5.7% Peer median +3.1% +$3.1B QTD(2) 8% HBAN HBAN 6% Peer 10 3Q24 YoY Deposit Growth 4% Peer median -2.9% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 2% QTD Peer median Peer 6 Peer 4 Peer 2 Peer 1 0% Peer 5 Peer 3 Peer 9 -2
Slide 7: Driving Expected Record 2025 Net Interest Income
Driving Expected Record 2025 Net Interest Income Net Interest Income (FTE) and Net Interest Margin (NIM) Net Interest Income Expecting approximately flat to modestly Net Interest Margin $1,379 $1,327 $1,300 $1,325 $1,364 higher sequential NII in 4Q24E Expect Record Dynamically managing net inter
Slide 8: Driving Powerful Fee Income Growth
Driving Powerful Fee Income Growth Adjusted noninterest income Payments & Cash Management Merchant Acquiring % of total revenue(1) +8% Commercial Payments Revenue Revenue 1 Growth YoY $25MM 28% Driving TM penetration annual run-rate 25% Launched secured card Brought Merchant Acquiring In-Hou
Slide 9: De Novo Branch Expansion Boosting Growth Posture
De Novo Branch Expansion Boosting Growth Posture Branch Network Established Markets: Optimization & Expansion Strategy Continued optimization with new builds and select consolidations Penetrate highest density opportunity in Denver/Boulder: 1 established footprint 17 planned new builds 4 recent open
Slide 10: Proactive Credit Management Supports Through the Cycle Outperformance
Proactive Credit Management Supports Through the Cycle Outperformance Net Charge-off Ratio(1) Robust Client Selection and Underwriting HBAN Peer Median Top / Bottom Quartile 0.48% Consumer – 44% of total loans 0.40% 0.42% Prime, super-prime focus with ~770 0.38% weighted average FICO 0.35% Over
Slide 11: Momentum Building into 2025
Momentum Building into 2025 Executing organic growth across the core and new initiatives Delivering high-quality primary bank relationship inclusive of loans, deposits, and fees Decisively implementing down-beta action plan Driving higher net interest income, while managing net interest marg
Slide 12: Notes
Notes Slide 3: (1) November 2024 vs. July 2024 (2) Source: Company Financials. Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB. Slide 4: (1) Adjustments include effect of Mark-to-market on pay-fixed swaptions of $33 million in 3Q23 and CRTs (“Credit Risk Transfers”) of ($8)
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