Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q1 2024 Earnings Presentation
61 slides from Huntington Bancshares's earnings presentation, Apr 19, 2024
Slide 1: 2024 First Quarter Earnings Review
Welcome.® 2024 First Quarter Earnings Review April 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 Delivering loan growth and sustaining momentum in deposit gathering with a 2 well-managed beta Driving sequential net interest income and fee income expansion from firs
Slide 5: Capitalizing on Position of Strength
Capitalizing on Position of Strength Loan Growth Deposit Growth Capital & Credit YoY (EOP) YoY (EOP) Liquidity Quality $1.6B $7.9B Adj. CET1(1) ACL: +1.3% +5.5% 8.5% 1.97% 4.3% CAGR 205% Uninsured Net Charge Offs (1Q22-1Q24) Core Deposits +4.9% Deposit Coverage 0.30% Sustaining new customer acquis
Slide 6: 2024 First Quarter Financial Performance
2024 First Quarter Financial Performance Key Metrics Highlights GAAP Adjusted(1) EPS $0.26 $0.28 GAAP EPS of $0.26; adjusted EPS of $0.28 excluding Notable Items Notable Items: $0.02, or $39 million, includes $32 GAAP Adjusted(1) million from updated estimates to the FDIC DIF special assessment
Slide 7: Loans and Leases | Growth led by Commercial
Loans and Leases | Growth led by Commercial Average Loan and Lease Balance Trend $120.4 $121.3 $120.8 $121.2 $121.9 $122.8 Expect Increasing Rate of +1.3% Loan Growth Throughout 2024 1Q23 2Q23 3Q23 4Q23 1Q24 3/31 2Q24 3Q24 4Q24 (EOP) Average Loan and Lease Balances QoQ Highlights Average Loan Yield
Slide 8: Deposits | Continued Sequential Growth
Deposits | Continued Sequential Growth Deposit Balance Trend Highlights ADB EOP Core balances expanding consistently since YE22 +3.1% ADB Core average consumer have increased for +5.5% EOP 16 consecutive months $149.7 $151.2 $150.7 $153.2 Sequential deposit beta increases are $146.1 $145.3 $14
Slide 9: Deposits | Non-Interest Bearing (NIB) Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Total Deposits – Ending Balances Pre-TCF $153 Total Deposits Acquisition $143 $142 $143 $147 $145 $146 $148 $145 $148 $149 $151 $99 $102 $94 $95 $87 Interest Bearing 30.6% 31.7% 31.4% 30.2% 29.8% 29.0% 27.9% 24.2% 29.4% 28.9% 28.9% 25.9% 25.3% 22.
Slide 10: Net Interest Income | Driving Growth Over Time
Net Interest Income | Driving Growth Over Time Net Interest Income (FTE) and Net Interest Margin (NIM) Net Interest Income Net Interest Margin CAGR (1Q22-1Q24) 6.1% $1,412 $1,471 $1,418 $1,267 $1,357 $1,379 $1,327 $1,300 $1,154 3.52% Expect Sequential 3.42% 3.40% 3.15% 3.11% 3.20% 3.07% 3.01% Net In
Slide 11: Securities Portfolio
Securities Portfolio Average Securities + Cash(1) Highlights Average Securities Cash Purchased $3.2 billion of securities at a 5.27% yield $54.4 $50.8 $52.6 $49.6 $50.8 Incremental growth in short duration Treasuries (HQLA) $7.7 $12.7 $10.8 $11.3 $11.0 Strategically lowered portfolio duration
Slide 12: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook(1) Highlights $ in billions Projecting ~37% total AOCI accretion by YE26 Dynamically managing hedge position subject to risk profile and market conditions $3.6 $2.9 $2.7 $2.6 $2.2 Components of Fair Value (FV) Mark on Investment Securit
Slide 13: Balance Sheet Hedging Program Overview
Balance Sheet Hedging Program Overview Hedging Program Profile – Effective Swaps(1) Future Effective Swap Profile NIM Protection: Reduces volatility & $6.0 $6.0 $6.0 $6.0 $5.0 $5.5 $6.0 $6.0 supports a narrow $1.6 $5.0 $5.0 $5.0 Floor spreads corridor in lower rate $20.8 $20.1 $21.7 $21.7 $21.7 $19.
Slide 14: Noninterest Income | Positioned for Expansion
Noninterest Income | Positioned for Expansion Fee Revenue Mix (1Q24) 1 Capital Markets & Advisory Capital Markets & Advisory Fees Expect sequential revenue increase quarterly throughout 2024 supported by $65 $62 $69 $52 $56 All Other pace of commercial loan originations as Noninterest Payments & C
Slide 15: Noninterest Income | Diversified Fee Revenues
Noninterest Income | Diversified Fee Revenues Noninterest Income Trends Total Noninterest Income by Category(1) 1Q23 2Q23 3Q23 4Q23 1Q24 Total noninterest income $512 $495 $509 $405 $467 Notable Items(1) $57 - - - - $18 $33 Notable Items (1Q23) $57 $52 $54 $44 Mark-to-market on pay-fixed swaptions $
Slide 16: Noninterest Expense | Disciplined Expense Management
Noninterest Expense | Disciplined Expense Management Noninterest Expense (NIE) Highlights NIE excluding Notable Items Notable Items vs Linked Quarter Reported NIE decreased $211 million $1,348 $39 million of Notable Items include $32 million $1,086 $1,090 $226 $1,137 from updated estimates to th
Slide 17: Capital Positioning | Robust Capital Generation Power
Capital Positioning | Robust Capital Generation Power CET1 Ratio Highlights (1) CET1 Adj. AOCI Adj. for Cash Flow Hedges Target operating range 9–10% Capital Priorities include: 1) Fund Organic Growth 9.8% 10.1% 10.2% 10.2% 9.5% 2) Dividend 3) Buybacks/other 2.1% 1.6% 1.7% 1.6% 1.7% Targeting Ex
Slide 18: Asset Quality and Reserve | Top Tier Reserve Profile
Asset Quality and Reserve | Top Tier Reserve Profile Net Charge-off Ratio Allowance for Credit Losses (ACL) Through the Cycle Target NCO Range (25 – 45 bps) HBAN Peer Median 2.17% 2.09% 2.01% 1.96%1.97%1.97% 1.89%1.87%1.87%1.89%1.90%1.90%1.93% 0.32% 0.31% 1.70% 0.28% 0.30% 2.00% 0.24% 1.80% 0.20% 0.
Slide 19: 2024 Outlook
2024 Outlook FY24 vs. FY23 Commentary Guidance as of Guidance as of 1/19/24 4/19/24 Average Loans Reflective of accelerated loan growth, while Up 3% - 5% Up 3% - 5% FY23 Baseline = $120.9 billion supporting capital accretion Average Deposits Acquiring and deepening primary bank Up 2% - 4% Up 2% - 4%
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR), Earnings Per Share (EPS) Pre-Provision Net Revenue 1Q23 2Q23 3Q23 4Q23 1Q24 ($ in millions) Total revenue (GAAP) $1,921 $1,841 $1,877 $1,721 $1,754 FTE adjustment 9 11 11 11 13 Total revenue (FTE) A 1,930 1,852 1,888 1,732 1,767 Less: gain on
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 1Q23 2Q23 3Q23 4Q23 1Q24 Average common shareholders’ equity $15,973 $16,359 $16,256 $16,275 $16,819 Less: intangible assets and goodwill 5,759 5,734 5,722 5,710 5,697 Add: net tax effect of intangible assets 40 36 34 32 2
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Expense, Efficiency Efficiency Ratio ($ in millions) – Pre-tax 1Q23 2Q23 3Q23 4Q23 1Q24 Noninterest expense (GAAP) $1,086 $1,050 $1,090 $1,348 $1,137 Less: intangible amortization 13 13 12 12 12 Noninterest expense less amortization of intangibles (A) $1,
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 1Q23 2Q23 3Q23 4Q23 1Q24 Common Equity Tier 1 (A) $13,588 $13,885 $14,211 $14,212 $14,284 Add: accumulated other (2,755) (3,006) (3,622) (2,676) (2,879) Comprehensive income (loss) (AOCI) Less: cash flow hedge (44
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Huntington shareholders’ equity $18,452 $17,950 $17,136 $17,731 $18,758 $18,788 $18,483 $19,353 $19,322 Less: preferred stock
Slide 25: Appendix
Appendix (2) Huntington Welcome:
Slide 26: 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 27: 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 28: Table of Contents
Table of Contents Driving Sustained Profitability 29 Home Lending Originations 50 Medium-Term Financial Targets 30 Shares Outstanding 51 Preferred Dividends 31 Tangible Book Value 52 Digital Metrics 32 Credit and Capital 53 Mortgage Banking Noninterest Income 33 CET1 Comparison 54 Balance Sheet 34 C
Slide 29: Driving Sustained Profitability
Driving Sustained Profitability Pre-Provision Net Revenue (PPNR) PPNR (GAAP) PPNR (Adjusted for Notable Items) $844 $828 $807 $813 $802 $798 $669 $613 $630 $384 1Q23 2Q23 3Q23 4Q23 1Q24 Return on Tangible Common Equity % Notable Items ROTCE (GAAP) Adj. ROTCE ex AOCI 22.7% 23.1% 19.9% 20.0% 19.9% 19.
Slide 30: Medium-Term Financial Targets
Medium-Term Financial Targets PPNR ROTCE Positive Growth 20%+ Operating 6 – 9% Leverage ROTCE ex-AOCI 17% – 19% Adjusted CET1 Ratio: 9 – 10% Operating Net Charge-offs: 25 – 45 bps through the cycle Assumptions Tax Rate: 19 – 21% 2024 First Quarter Earnings Review 30
Slide 31: Estimated Preferred Dividends
Estimated Preferred Dividends Actuals Projected(1) ($ in millions) 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Dividends on preferred shares $36 $36 $35 $35 $35 $35 Impact of preferred stock repurchases (8) - - - - - Net preferred dividends and impact of preferred stock repurchases $28 $36 $35 $35 $35 $35 (1) Est
Slide 32: 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 3.44 3.42 3.45 3.48 3.55 43% 44% 43% 40% 36% 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 Averag
Slide 33: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary Mortgage Banking Income (MBI) Total Production Mix(2) $120 6% 8% 8% $100 10% 10% 1.89% 1.83% 1.75% $80 $60 1.41% 1.07% 90% 94% 92% 92% 90% $33 $31 $27 $40 $26 $23 $11 $10 $11 $15 $11 $20 $16 $22 $16 $16 $- $12 1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1
Slide 34: Balance Sheet
Balance Sheet (2) Huntington Welcome:
Slide 35: 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 +0.5% Average balances increased $0.7 billion, or 1.0% $67.9 $68.7 $67.6 $68.3 $67.5 vs Prior Year Average balances increased $0.4 billion, or 0.5% 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 36: Loan Yields | Benefitting From Fixed Rate Re-Pricing
Loan Yields | Benefitting From Fixed Rate Re-Pricing Loan Portfolio Composition (as of 1Q24) Highlights Both variable rate and short-term loan portfolios benefited from Other Fixed asset repricing 25% Variable Auto portfolio weighted-average life (WAL) less than 2 years RV / Marine 50% Residen
Slide 37: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans Portfolio Characteristics Peer Median: 16% Peers at 4Q23 Well diversified portfolio with rigorous client selection Peer 1 9% CRE reserve coverage 4.6% vs peer median of 2% (4Q23) Peer 2 9% HBAN Office reserve coverage of >11%
Slide 38: CRE Reserve Ratio (4Q23)
Low CRE Concentration and Top Tier Reserve Coverage CRE Reserve Ratio vs. CRE as % of Total Loans Includes U.S. Listed Banks over $50B in assets as of 12/31/2023(1) 5.0% 4.5% HBAN (1Q24) HBAN (4Q23) 4.0% Bank 3 CRE Reserve Ratio (4Q23) 3.5% Bank 21 3.0% Bank 2 Bank 4 Bank 8 2.5% Bank 9 Bank 5 Bank 7
Slide 39: Commercial Real Estate (CRE) – Multi Family Overview
Commercial Real Estate (CRE) – Multi Family Overview Top 5 MSAs (1Q24) Management Approach Balance % of Total Metropolitan Statistical Area (MSA) ($ in millions) Multifamily Portfolio Sponsor-driven strategy focused on experienced Columbus, OH $336 7.2% owners and operators Detroit-Warren-Livonia,
Slide 40: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition (1Q24) Highlights $2.9 billion, or 2.4% of total loan balances, with a defined All Other portfolio concentration limit 97.6% HNB leveraged defined as: Senior leverage 3.0x, total leverage 4.0x The portfolio is built around our re
Slide 41: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits(1) Diversification by Business Lines (1Q24) Banks at 4Q23 HBAN 70% Consumer As of 1Q23 BAC 68% 53% Bank 1 63% Commercial 24% WFC 63% Bank 2 63% 13% Bank 3 59% 6% 3% Business Banking Bank 4 58% Other 1% Vehicle Wealth Bank 5
Slide 42: 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 $88 $91 $93 $94 deposits highlighting the proactive approach to liquidity $11 $11 $10 $12 Cash risk management and strength of our granular de
Slide 43: Balance Sheet Management Strategy
Balance Sheet Management Strategy Hedging Program Overview (as of 3/31/24) Weighted Notional WAL Program Avg Rate Description 1Q24 Actions ($) (Years) (%) Capital Protection: PF Swaps $11.6 1.49 3.28 Protects capital if rates increase No actions Designed to protect capital against higher rate scenar
Slide 44: Stable, Diversified Sources of Wholesale Funds
Stable, Diversified Sources of Wholesale Funds Wholesale Funding Issuances and Maturities Quarterly Wholesale Maturities through 2025 ($ in billions) ($ in billions) HoldCo Sr HoldCo Sub Bank Sr Bank Sub $4.8 2022 ($0.1) ($1.7) $0.8 $1.3 $0.3 2023 $1.1 ($0.2) ($0.2) $0.7 ($0.7) $0.5 $1.5 $1.3 $0.1 2
Slide 45: Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity
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 solutions for commercial customers $62.2 $62.7 $58.1 $60.0 Total +10
Slide 46: Auto – Production Trend
Auto – Production Trend Originations 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 Amount ($ in billions) $1.6 $1.2 $1.4 $1.1 $1.5 $1.2 $1.4 $1.8 $1.7 % new vehicles 41% 43% 35% 42% 43% 39% 35% 38% 41% Avg. LTV 84% 84% 86% 87% 87% 85% 84% 84% 84% Avg. FICO 783 782 778 776 781 779 777 778 774 Vintage
Slide 47: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield 7.1% 7.2% $1.9 $1.9 6.9% 6.8% $1.8 $1.8 6.3% $1.7 $1.7 $1.8 $1.6 $1.6 $1.6 $1.6 5.9% $1.6 $1.5 $1.5 $1.4 $1.4 $1.4 $1
Slide 48: Auto – Strong Credit Performance Through the Cycle
Auto – Strong Credit Performance Through the Cycle Key Highlights of Credit Strength Auto % of Total Loans $13.6 $13.2 Strong Credit Quality $12.2 $12.5 $12.9 $12.9 $12.5 $12.7 $11.0 Auto Loans and % $8.7 $9.5 Industry knowledge and focus on of Total Loans $6.7 18.3% 18.8% 17.5% 16.7% 17.1% rigoro
Slide 49: Vehicle Finance – Origination Trends
Vehicle Finance – Origination Trends Auto Loans: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $1.6 $5.2 $6.1 $6.9 $5.9 $6.1 $5.8 $6.2 % new vehicles 41% 40% 38% 43% 47% 46% 47% 50% Avg. LTV(1) 84% 86% 84% 85% 89% 90% 89% 88% Avg. FICO 783 779 777 772 775 772 766 767 Weigh
Slide 50: Residential Mortgage and Home Equity Origination Trends
Residential Mortgage and Home Equity Origination Trends Residential Mortgage: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $0.4 $3.4 $5.4 $6.6 $4.7 $2.9 $2.9 $2.7 Avg. LTV 85% 85% 81% 76% 77% 81% 83% 84% Avg. FICO 762 765 765 768 767 761 758 760 Home Equity: 2024 YTD 2023
Slide 51: Change in Common Shares Outstanding
Change in Common Shares Outstanding Share Count (In millions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 Beginning shares outstanding 1,448 1,448 1,448 1,444 1,443 1,443 1,443 1,439 Employee equity compensation 1 0 0 4 1 0 0 4 Share repurchases - - - - - - - - Ending shares outstanding 1,449 1,448 1,44
Slide 52: Tangible Book Value (TBV) per Share
Tangible Book Value (TBV) per Share Tangible Book Value per Share TBVPS Adjusted TBVPS, ex AOCI $9.63 $9.64 $9.76 $9.40 $9.23 $8.96 $8.67 $8.38 $8.42 $7.79 $7.77 $7.47 $7.32 $7.33 $6.96 $7.12 $6.82 $6.40 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Adjusted TBV per Share CAGR +7.9% (1Q22-1Q24) See r
Slide 53: Credit and Capital
Credit and Capital (2) Huntington Welcome:
Slide 54: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)(1) Peers at 4Q23 12.4% 12.0% 12.0% 12.0% 12.0% 11.8% 11.6% 11.6% 11.3% 1.4% 11.3% 11.2% 11.2% CET1 + ACL 0.9% 1.3% 1.8% 1.8% 1.5% 1.3% 1.0% 1.7% 1.2% 1.2% 1.3% ACL Impact 11.0% 11.1% 10.6% 10.2% 10.2% 10.3% 9.9% 10.3% 10.3% 10.1% 10.0
Slide 55: Commercial Credit Quality Review
Commercial Credit Quality Review Commercial and Industrial: 1Q24 4Q23 3Q23 2Q23 1Q23 Period end balance(1) ($ in billions) $51.5 $50.7 $49.4 $49.8 $50.0 30+ days PD and accruing 0.12% 0.15% 0.11% 0.08% 0.09% 90+ days PD and accruing 0.00% 0.00% 0.00% 0.01% 0.02% NCOs (annualized) 0.33% 0.32% 0.26% 0
Slide 56: Consumer Credit Quality Review
Consumer Credit Quality Review Home Equity: 1Q24 4Q23 3Q23 2Q23 1Q23 Period end balance ($ in billions) $10.0 $10.1 $10.1 $10.1 $10.2 30+ days PD and accruing 0.91% 1.09% 0.92% 0.89% 0.86% 90+ days PD and accruing 0.17% 0.21% 0.18% 0.17% 0.17% NCOs (annualized) 0.01% 0.01% -0.01% -0.02% -0.02% NALs
Slide 57: Consumer Credit Quality Review, continued
Consumer Credit Quality Review, continued Automobile: 1Q24 4Q23 3Q23 2Q23 1Q23 Period end balance ($ in billions) $12.7 $12.5 $12.7 $12.8 $13.2 30+ days PD and accruing 0.79% 0.96% 0.86% 0.78% 0.76% 90+ days PD and accruing 0.06% 0.07% 0.06% 0.05% 0.05% NCOs (annualized) 0.27% 0.27% 0.14% 0.10% 0.14
Slide 58: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days(1)) 0.43% 0.39% 0.33% 0.32% 0.30% 0.26% 0.19% 0.23% 0.20% 0.19% 0.21% 0.15% 0.12% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Commercial (90+ Days(1)) 0.07% 0.05% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.02% 0.02% 0.01% 0.01% 0.01% 1Q21
Slide 59: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days(1)) 2.05% 2.12% 2.02% 1.88% 1.81% 1.84% 1.80% 1.69% 1.75% 1.74% 1.72% Residential Mortgage 1.49% 1.30% 1.28% 1.33% 1.31% 1.18% 1.18% 1.19% 1.21% 1.19% Total Consumer 1.15% 1.14% 1.09% 0.93% 0.92% 0.91% 0.92% Home Equity 0.81% 0.89% 0.86% 0.89% 0.91% 0.78% 0.
Slide 60: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 Criticized beginning-of-period $5,231 $4,534 $3,870 $3,886 $3,700 Additions / increases 1,186 1,484 1,555 851 893 Advances 247 180 178 149 159 Upgrades to “Pass” (599) (280) (504) (448) (323) Paydowns (505) (6
Slide 61: 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) Source: Company 2023 Form 10K's. Includes publicly listed US-based banks with >$50 billion in assets as of 12/31/23 if data was available for both the
Huntington Bancshares — Q1 2024 Earnings Presentation on 6ix