Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q2 2024 Earnings Presentation
63 slides from Huntington Bancshares's earnings presentation, Jul 19, 2024
Slide 1: 2024 Second Quarter Earnings Review
Welcome.® 2024 Second Quarter Earnings Review July 19, 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: 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: Huntington: A Purpose-Driven Company
Huntington: A Purpose-Driven Company OUR PURPOSE OUR VISION We make people’s lives To be the leading better, help businesses People-First, thrive, and strengthen the Digitally Powered Bank communities we serve Purpose and Vision Linked to Business Strategies Guided by Through-the-Cycle Aggregate Mod
Slide 4: Key Messages
Key Messages Executing organic growth strategies, leveraging position of strength, supported by robust 1 liquidity and capital base Expanding net interest income dollars driven by accelerating loan growth and sustained 2 deposit growth Driving fee revenues higher with major focus on acceleration of
Slide 5: 2Q24 Strategic Highlights
2Q24 Strategic Highlights Loan Growth Deposit Growth Capital & Credit YoY (ADB) YoY (ADB) Liquidity Quality $2.0B $8.0B Adj. CET1(1) ACL: +1.7% +5.5% 8.6% 1.95% +4.7% 2Q24 204% Uninsured Net Charge Offs Core Deposits +4.9% QoQ annualized Deposit Coverage(2) 0.29% Sustaining new customer acquisitio
Slide 6: 2024 Second Quarter Financial Performance
2024 Second Quarter Financial Performance Key Metrics GAAP Highlights EPS $0.30 GAAP EPS of $0.30 GAAP GAAP Adjusted(1) Notable Item: $6.2M FDIC DIF Special Assessment ROTCE 16.1% 16.2% Expanding profit across multiple metrics (ROTCE ex-AOCI) 12.6% 12.8% PPNR up 11.0% QoQ Loan QoQ YoY Adju
Slide 7: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Loan and Lease Balance - Average Highlights Average balances Increased 1.2% QoQ, or 4.7% annualized +1.7% YoY $123.4 YoY growth accelerated to 1.7% in 2Q24 vs 1.2% in 1Q24 $121.9 $121.3 $121.2 Drivers of FY 2024 loan growth: $120.8 Acceler
Slide 8: Deposits | Continued Sequential Growth
Deposits | Continued Sequential Growth Deposit Balance – Average Highlights Core balances expanding consistently since YE22 +5.5% YoY $153.6 Core average consumer have increased for $149.7 $150.7 6 consecutive quarters $148.2 $145.6 Balanced growth in consumer and commercial Continued decele
Slide 9: Deposits | Differentiated Deposit Growth Compared to Peers
Deposits | Differentiated Deposit Growth Compared to Peers Cumulative Growth Rate of Deposits since 4Q21 - Average HBAN Peer Median (1) Top / Bottom Quartile(1) 7.9% 5.2% 5.9% 2.7% 4.1% 1.9% 2.6% 2.4% 2.3% 0.0% 0.4% 0.0% 0.2% -1.4% -4.5% -3.9% -5.0% -6.0% -6.7% -6.4% -7.0% 4Q21 1Q22 2Q22 3Q22 4Q22 1
Slide 10: Deposits | Non-Interest Bearing (NIB) Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Deposit Balance - Average Highlights Interest Bearing Total deposit balances up 5.5% YoY Non-Interest Bearing $148.2 $149.7 $150.7 $153.6 NIB dollar decline slowing $145.6 Slowing mix-shift rate of change Leading penetration with TM relati
Slide 11: Net Interest Income | Positioned for Expansion
Net Interest Income | Positioned for Expansion Net Interest Income (FTE) and Net Interest Margin (NIM) Highlights Net Interest Income Spread revenues expanded in 2Q24 as expected and are N… Net Interest Margin forecasted to continue expanding $1,357 $1,379 $1,327 Projecting continued sequential
Slide 12: Securities Portfolio
Securities Portfolio Securities + Cash(1) - Average Highlights Cash Purchased $3.5 billion of securities at a 5.28% yield Securities $54.4 $52.6 $55.2 Incremental growth in short duration Treasuries (HQLA) $50.8 $50.8 $12.7 $11.0 $12.2 Securities yields of 4.29% increased 10bps QoQ and $10.8 $
Slide 13: Balance Sheet Hedging Program Overview
Balance Sheet Hedging Program Overview Hedging Program Profile – Effective Swaps(1) Future Effective Swap Profile $6.0 $6.0 $6.0 NIM Protection: $5.0 $6.0 $5.5 $6.0 $6.0 Reduces volatility & $5.0 $5.0 $5.0 supports a narrow $20.1 $21.9 $22.4 $22.7 Floor Spreads corridor in lower rate $19.5 $16.8 $16
Slide 14: Noninterest Income | Strategic Fee Revenue Focus Areas
Noninterest Income | Strategic Fee Revenue Focus Areas Fee Revenue Mix (2Q24) 1 Capital Markets & Advisory Capital Markets & Advisory Fees Expect sequential revenue increase quarterly throughout 2024 supported by $62 $69 $73 $52 $56 All Other pace of commercial loan originations as Noninterest Pay
Slide 15: Noninterest Income | Diversified Fee Revenues
Noninterest Income | Diversified Fee Revenues Noninterest Income Trends Total Adjusted Noninterest Income by Category(1) 2Q23 3Q23 4Q23 1Q24 2Q24 Total Noninterest Income (GAAP) $495 $509 $405 $467 $491 Mark-to-market on pay-fixed swaptions $18 $33 $(74) - - $51 All Other(3) $52 $54 $44 CRTs(2) - -
Slide 16: Noninterest Expense | Disciplined Expense Management
Noninterest Expense | Disciplined Expense Management Noninterest Expense (NIE) Highlights Notable Items vs Linked Quarter NIE excluding Notable Items Reported NIE decreased $20 million $1,600 $1,400 $1,348 Adjusted NIE increased $13 million, or 1.2% driven by $1,090 $1,137 $1,117 higher personne
Slide 17: Capital Positioning | Robust Capital Generation Power
Capital Positioning | Robust Capital Generation Power CET1 Ratio Highlights Target operating range 9-10% AOCI Adj. for Cash Flow Hedges Capital Priorities include: (1) CET1 Adj. 1) Fund Organic Growth 10.2% 10.2% 10.4% 2) Dividend 9.8% 10.1% 3) Buybacks/other 1.6% 1.7% 1.8% 1.7% 2.1% Expect to d
Slide 18: CCAR Stress Test Highlights | Top-tier Performance
CCAR Stress Test Highlights | Top-tier Performance CCAR Cumulative Loan Losses as a % of Average Total Loans(1) Pre-TCF Acquisition 2020 2016 2017 2018 2020 Resubmission 2022 2024 Peer 1 4.4% Peer 1 4.2% Peer 1 5.2% HBAN 5.1% Peer 1 5.9% Peer 1 5.7% Peer 1 5.8% Peer 2 4.8% Peer 2 4.3% HBAN 5.3% Peer
Slide 19: Asset Quality | Top Tier Reserve Profile
Asset Quality | Top Tier Reserve Profile Net Charge-off Ratio Through the Cycle Target NCO Range (25 – 45 bps) HBAN Peer Median 0.38% 0.40% 0.35% 0.32% 0.31% 0.28% 0.22% 0.25% 0.20% 0.19% 0.14% 0.15% 0.16% 0.31% 0.30% 0.29% 0.30% 0.24% 0.19% 0.17% 0.19% 0.15% 0.16% 0.13% 0.12% 0.07% 0.03% 1Q21 2Q21
Slide 20: Asset Quality | Criticized and NPA Ratios
Asset Quality | Criticized and NPA Ratios Criticized Asset Ratio 5.0 0% 4.8 0% 4.6 0% 4.81% 4.4 0% 4.62% 4.66% 4.2 0% 4.48% 4.47% 4.0 0% 4.34% 4.31% 4.07% 3.97% 3.97% 3.8 0% 3.6 0% 3.58% 3.4 0% 3.2 0% 3.44% 3.51% 3.50% 3.0 0% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 NPA
Slide 21: 2024 Outlook
2024 Outlook As of FY24 vs. FY23 Commentary Guidance as of Guidance as of 6/10/24 7/19/24 Average Loans Expect sustained sequential loan growth, Up 3% - 4% Up 3% - 4% FY23 Baseline = $120.9 billion inclusive of lower CRE balances Acquiring and deepening primary bank Average Deposits Up 3% - 4% Up 3%
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) Pre-Provision Net Revenue 2Q23 3Q23 4Q23 1Q24 2Q24 ($ in millions) Total revenue (GAAP) $1,841 $1,877 $1,721 $1,754 $1,803 FTE adjustment 11 11 11 13 13 Total revenue (FTE) A 1,852 1,888 1,732 1,767 1,816 Less: net gain / (loss) on securities
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 2Q23 3Q23 4Q23 1Q24 2Q24 Average common shareholders’ equity $16,359 $16,256 $16,275 $16,819 $16,861 Less: intangible assets and goodwill 5,734 5,722 5,710 5,697 5,685 Add: net tax effect of intangible assets 36 34 32 29 2
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Expense, Efficiency Efficiency Ratio ($ in millions) – Pre-tax 2Q23 3Q23 4Q23 1Q24 2Q24 Noninterest expense (GAAP) $1,050 $1,090 $1,348 $1,137 $1,117 Less: intangible amortization 13 12 12 12 12 Noninterest expense less amortization of intangibles (A) $1,
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 2Q23 3Q23 4Q23 1Q24 2Q24 Common Equity Tier 1 (A) $13,885 $14,211 $14,212 $14,283 $14,521 Add: accumulated other (3,006) (3,622) (2,676) (2,879) (2,911) Comprehensive income (loss) (AOCI) Less: cash flow hedge (61
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Huntington shareholders’ equity $17,950 $17,136 $17,731 $18,758 $18,788 $18,483 $19,353 $19,322 $19,515 Less: preferred stock
Slide 27: Appendix
Appendix 2024 Second Quarter Earnings Review 27
Slide 28: Basis of Presentation
Basis of Presentation 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 measures are used, th
Slide 29: Basis of Presentation
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/or by items that, while they may be a
Slide 30: Table of Contents
Table of Contents Accumulated Other Comprehensive Income 31 Home Lending Originations 51 Driving Sustained Profitability 32 Shares Outstanding 52 Medium-Term Financial Targets 33 Tangible Book Value 53 Preferred Dividends 34 Credit and Capital 54 Digital Metrics 35 CET1 Comparison 55 Mortgage Bankin
Slide 31: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook(1) Highlights $ in billions Projecting ~35% total AOCI accretion by YE26 Dynamically managing hedge position subject to risk profile and market conditions $3.6 $2.9 $2.9 $2.7 $2.3 Components of Fair Value (FV) Mark $1.9 on Investment Se
Slide 32: Driving Sustained Profitability
Driving Sustained Profitability Pre-Provision Net Revenue (PPNR) PPNR (GAAP) PPNR (Adjusted for Notable Items) $802 $807 $798 $813 $669 $699 $705 $613 $630 $384 2Q23 3Q23 4Q23 1Q24 2Q24 Return on Tangible Common Equity % ROTCE (GAAP) Adj. ROTCE Adj. ROTCE ex AOCI 19.9% 20.0% 15.1% 15.3% 16.2% 15.8%
Slide 33: Medium-Term Financial Targets
Medium-Term Financial Targets PPNR ROTCE Positive Growth Operating 6 – 9% 20%+ Leverage ROTCE ex-AOCI 17% – 19% Adjusted CET1 Ratio: 9 – 10% Operating Net Charge-offs: 25 – 45 bps through the cycle Assumptions Tax Rate: 16 – 19% 2024 Second Quarter Earnings Review 33
Slide 34: Estimated Preferred Dividends
Estimated Preferred Dividends Actuals Projected(1) ($ in millions) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Dividends on Preferred Shares $36 $35 $35 $35 $35 $35 (1) Estimated preferred dividends based on projected interest rates for currently outstanding series of preferred shares. 2024 Second Quarter Earning
Slide 35: Consumer and Business Banking Digital Metrics
Consumer and Business Banking Digital Metrics Digital Engagement Digital Originations Average Monthly Active Digital Users(1) New Consumer Deposit Accounts (Millions) Includes Checking, Savings, MMA 3.42 3.48 3.55 3.56 44% 43% 3.45 40% 42% 36% 2Q23 3Q23 4Q23 1Q24 2Q24 2Q23 3Q23 4Q23 1Q24 2Q24 Averag
Slide 36: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary $120 Mortgage Banking Income (MBI) Total Production Mix(2) $100 6% 8% 8% 10% 8% $80 1.75% 1.83% $60 1.41% 1.41% 1.07% 94% 92% 92% 90% 92% $40 $33 $31 $30 $27 $23 $11 $11 $15 $12 $11 $20 $22 $16 $16 $18 $- $12 2Q23 3Q23 4Q23 1Q24 2Q24 2Q23 3Q23 4Q23 1Q24 2Q
Slide 37: Balance Sheet
Balance Sheet 2024 Second Quarter Earnings Review 37
Slide 38: Loans and Leases | Loan Growth Optimized for Return
Loans and Leases | Loan Growth Optimized for Return Commercial Average Loan and Lease Balances Highlights vs Linked Quarter +0.4% Average balances increased $0.7 billion, or 1.0% $68.7 $68.3 $69.0 $67.5 $67.6 vs Prior Year Average balances increased $0.3 billion, or 0.4% 2Q23 3Q23 4Q23 1Q24 2Q24
Slide 39: Loan Yields | Benefitting From Fixed Rate Re-Pricing
Loan Yields | Benefitting From Fixed Rate Re-Pricing Loan Portfolio Composition (as of 2Q24) Highlights Both variable rate and short-term loan portfolios benefited from Other Fixed asset repricing 24% Auto portfolio weighted-average life (WAL) less than 2 years Variable RV / Marine 50% Residen
Slide 40: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics Peer Median: 15% Peers at 1Q24 Well diversified portfolio with rigorous client selection Peer 1 9% CRE reserve coverage 4.5% vs peer median of 2.7% (1Q24) Peer 2 10% Office reserve coverage of 12% HBA
Slide 41: CRE | Low Concentration and Top Tier Reserve Coverage
CRE | Low Concentration and Top Tier Reserve Coverage CRE Reserve Ratio vs. CRE as % of Total Loans Includes U.S. Listed Banks over $50B in assets as of 3/31/2024(1) 5.0% HBAN (1Q24) HBAN (2Q24) 4.0% Bank 3 CRE Reserve Ratio (1Q24) 3.0% Bank 4 Bank 2 Bank 8 Bank 9 Bank 5 Bank 6 Bank 7 2.0% Bank 10 B
Slide 42: Commercial Real Estate (CRE) – Multi Family Overview
Commercial Real Estate (CRE) – Multi Family Overview Top 5 MSAs (2Q24) Management Approach Balance % of Total Metropolitan Statistical Area (MSA) ($ in millions) Multifamily Portfolio Sponsor-driven strategy focused on experienced Columbus, OH $346 7.6% owners and operators Chicago-Joliet-Napervil
Slide 43: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition (2Q24) Highlights $2.9 billion, or 2.3% of total loan balances, with a defined All Other portfolio concentration limit 97.7% HNB leveraged defined as: Senior leverage 3.0x, total leverage 4.0x The portfolio is built around our re
Slide 44: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits(1) Diversification by Business Lines (2Q24) Banks at 1Q24 HBAN (2Q24) 70% Consumer HBAN (1Q24) 70% Bank 1 63% 52% BAC 63% 24% Commercial Bank 2 62% Bank 3 59% 12% C 59% 6% Business Banking WFC 58% Other 5% 1% Vehicle Wealth
Slide 45: Diversified Sources of Liquidity
Diversified Sources of Liquidity Robust Level of Available Liquidity(1) Highlights $ in billions Peer leading available liquidity as a percent of uninsured $91 $93 $94 $95 deposits highlighting the proactive approach to liquidity $11 $10 $12 $13 Cash risk management and strength of our granular de
Slide 46: Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity Management Solutions
Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity Management Solutions Commercial Off B/S Overview Total Commercial Banking Segment Liquidity (Average) 2019: Enhanced off balance sheet liquidity YoY Annually $64.5 solutions for commercial customers $62.2 $62.7 Total +11% $58.
Slide 47: Auto – Production Trend
Auto – Production Trend Originations 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 Amount ($ in billions) $2.1 $1.6 $1.2 $1.4 $1.1 $1.5 $1.2 $1.4 $1.8 % new vehicles 35% 41% 43% 35% 42% 43% 39% 35% 38% Avg. LTV 85% 84% 84% 86% 87% 87% 85% 84% 84% Avg. FICO 784 783 782 778 776 781 779 777 778 Vintage
Slide 48: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield 7.1% 7.2% 6.9% 6.8% 6.8% 2.50 7.0% 6.3% 5.9% $2.1 2.00 $1.9 $1.9 6.0% $1.8 $1.8 $1.8 $1.7 $1.7 4.8% $1.6 $1.6 4.6% 4.
Slide 49: Auto | Strong Credit Performance Through the Cycle
Auto | Strong Credit Performance Through the Cycle Auto Loans Key Highlights of Credit Strength Auto % of Total Loans $13.6 $13.2 $12.2 $12.5 $12.9 $12.9 $12.5 $12.7 $13.2 Strong Credit Quality $11.0 Auto Loans and % $8.7 $9.5 Industry knowledge and focus on of Total Loans $6.7 18.3% 18.8% 16.4% 1
Slide 50: Vehicle Finance – Origination Trends
Vehicle Finance – Origination Trends Auto Loans: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $3.7 $5.2 $6.1 $6.9 $5.9 $6.1 $5.8 $6.2 % new vehicles 38% 40% 38% 43% 47% 46% 47% 50% Avg. LTV(1) 85% 86% 84% 85% 89% 90% 89% 88% Avg. FICO 784 779 777 772 775 772 766 767 Weigh
Slide 51: Residential Mortgage and Home Equity Origination Trends
Residential Mortgage and Home Equity Origination Trends Residential Mortgage: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $1.4 $3.4 $5.4 $6.6 $4.7 $2.9 $2.9 $2.7 Avg. LTV 87% 85% 81% 76% 77% 81% 83% 84% Avg. FICO 765 765 765 768 767 761 758 760 Home Equity: 2024 YTD 2023
Slide 52: Change in Common Shares Outstanding
Change in Common Shares Outstanding Share Count (In millions) 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Beginning shares outstanding 1,449 1,448 1,448 1,448 1,444 1,443 1,443 1,443 Employee equity compensation 3 1 0 0 4 1 0 0 Share repurchases - - - - - - - - Ending shares outstanding 1,452 1,449 1,44
Slide 53: Tangible Book Value (TBV) per Share
Tangible Book Value (TBV) per Share Tangible Book Value per Share Adjusted TBVPS, ex AOCI TBVPS $9.90 $9.63 $9.64 $9.76 $9.40 $9.23 $8.96 $8.67 $8.42 $7.79 $7.77 $7.89 $7.32 $7.33 $7.12 $6.96 $6.82 $6.40 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Adjusted TBV per Share CAGR +8.4% (2Q22-2Q24) See r
Slide 54: Credit and Capital
Credit and Capital 2024 Second Quarter Earnings Review 54
Slide 55: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)(1) Peers at 1Q24 12.5% 12.5% 12.2% 12.0% 12.0% 12.0% 11.7% 11.7% 11.5% 11.5% 1.0% 1.4% 11.3% 11.3% CET1 + ACL 1.8% 1.8% 1.6% 1.4% 1.4% 1.7% 1.1% 1.2% 1.2% 1.2% ACL Impact 11.5% 11.1% 10.4% 10.2% 10.4% 10.6% 10.3% 10.4% 10.3% 10.1% 10.
Slide 56: Commercial Credit Quality Review
Commercial Credit Quality Review Commercial and Industrial: 2Q24 1Q24 4Q23 3Q23 2Q23 Period end balance(1) ($ in billions) $52.3 $51.5 $50.7 $49.4 $49.8 30+ days PD and accruing 0.13% 0.12% 0.15% 0.11% 0.08% 90+ days PD and accruing 0.00% 0.00% 0.00% 0.00% 0.01% NCOs (annualized) 0.16% 0.33% 0.32% 0
Slide 57: Consumer Credit Quality Review
Consumer Credit Quality Review Home Equity: 2Q24 1Q24 4Q23 3Q23 2Q23 Period end balance ($ in billions) $10.1 $10.0 $10.1 $10.1 $10.1 30+ days PD and accruing 1.10% 0.91% 1.09% 0.92% 0.89% 90+ days PD and accruing 0.18% 0.17% 0.21% 0.18% 0.17% NCOs (annualized) -0.01% 0.01% 0.01% -0.01% -0.02% NALs
Slide 58: Consumer Credit Quality Review, continued
Consumer Credit Quality Review, continued Automobile: 2Q24 1Q24 4Q23 3Q23 2Q23 Period end balance ($ in billions) $13.2 $12.7 $12.5 $12.7 $12.8 30+ days PD and accruing 0.87% 0.79% 0.96% 0.86% 0.78% 90+ days PD and accruing 0.06% 0.06% 0.07% 0.06% 0.05% NCOs (annualized) 0.20% 0.27% 0.27% 0.14% 0.10
Slide 59: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days(1)) 0.43% 0.39% 0.33% 0.32% 0.30% 0.26% 0.19% 0.23% 0.20% 0.19% 0.21% 0.18% 0.15% 0.12% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Commercial (90+ Days(1)) 0.07% 0.05% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.01% 0.01%
Slide 60: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days(1)) 2.12% 2.05% 2.02% 1.81% 1.84% 1.80% 1.75% 1.74% 1.72% 1.75% 1.69% 1.49% Residential Mortgage 1.28% 1.33% 1.31% 1.30% 1.18% 1.18% 1.19% 1.21% 1.25% Total Consumer 1.15% 1.14% 1.19% 0.92% 1.09% Home Equity 0.81% 0.89% 0.91% 0.86% 0.89% 0.92% 0.91% 1.10% 0.
Slide 61: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 2Q24 1Q24 4Q23 3Q23 2Q23 Criticized beginning-of-period $5,496 $5,231 $4,534 $3,870 $3,886 Additions / increases 1,044 1,186 1,484 1,555 851 Advances 192 247 180 178 149 Upgrades to “Pass” (680) (599) (280) (504) (448) Paydowns (831)
Slide 62: Notes
Notes Slide 5: (1) AOCI adjustment aligned to the GSIB reporting requirement - exclusion of AOCI adjusted for cash flow hedges on loan portfolio (2) Based on estimated 6/30/24 uninsured deposits (3) Source: Company First Quarter 2024 Form 10Q's. Includes publicly listed US‐based banks with >$50 bill
Slide 63: Notes
Notes Slide 35: (1) Active digital users – users of all web and/or mobile platforms who logged in at least once each month of the quarter (2) Active mobile users – users of all mobile platforms who logged in at least once each month of the quarter Slide 41: (1) Source: Company First Quarter 2024 For
Huntington Bancshares — Q2 2024 Earnings Presentation on 6ix