Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q4 2020 Earnings Presentation
66 slides from Huntington Bancshares's earnings presentation, Jan 22, 2021
Slide 1: 2020 Fourth Quarter Earnings Review
2020 Fourth Quarter Earnings Review January 22, 2021 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2021 Huntington Bancshares Incorporated.
Slide 2: Disclaimer
Disclaimer CAUTION REGARDING FORWARD‐LOOKING STATEMENTS This communication may contain certain forward‐looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectation
Slide 3: Building the Leading People-First, Digitally-Powered Bank
Building the Leading People‐First, Digitally‐Powered Bank Creating a sustainable competitive advantage with focused investment in customer experience, product differentiation, and key growth initiatives We are a Purpose‐driven company Our Purpose is to make people’s lives better, help businesses t
Slide 4: 2020 Full Year Financial Highlights
2020 Full Year Financial Highlights Delivered positive operating leverage for the 8th consecutive year Revenue (FTE) EPS TBVPS $4.8 billion $0.69 $8.51 3% Y/Y 46% Y/Y 3% Y/Y ROA ROCE ROTCE 0.70% 6.8% 8.9% 61 basis points Y/Y 6.1 percentage pts Y/Y 8.0 percentage pts Y/Y Average loans increased $4.
Slide 5: 2020 Fourth Quarter Financial Highlights
2020 Fourth Quarter Financial Highlights Revenue growth of 7% year‐over‐year supporting continued investment Revenue (FTE) EPS TBVPS $1.2 billion $0.27 $8.51 7% Y/Y 4% Y/Y 3% Y/Y ROA ROCE ROTCE 1.04% 10.4% 13.3% 11 basis points Y/Y 0.7 percentage pts Y/Y 1.0 percentage pts Y/Y Average loans increa
Slide 6: Pretax, Pre-Provision Earnings (PTPP)
Pretax, Pre‐Provision Earnings (PTPP) Solid growth in PTPP in face of challenging environment illustrates underlying earnings power Y/Y Change Y/Y Change ($ in millions) 4Q20 4Q19 2020 2019 $ % $ % Net interest income (FTE) $830 $786 $44 6% $3,245 $3,239 $6 0% Noninterest income $409 $372 $37 10% $1
Slide 7: Net Interest Income
Net Interest Income Year‐over‐year 12% increase in average earning assets outpaced 18 basis points of net interest margin compression $ in millions Net Interest Income (FTE) $840.00 +6% 3.90% $830.00 $830 $820.00 $822 3.70% $810.00 3.50% NIM change LQ 3Q20: 2.96% $800.00 Rates / mix / other (0.03) $
Slide 8: Average Earning Assets
Average Earning Assets Commercial & industrial loans and elevated deposits at the Federal Reserve drive year‐over‐year earning asset growth Average Quarterly Growth Year‐over‐Year Average Growth Linked Quarter Other Earning Assets: +$5.2 291% Total Securities: +$1.2 5% C&I: +$4.5 15% Residential Mor
Slide 9: Average Non-Equity Funding
Average Non‐Equity Funding Demand deposits drive robust year‐over‐year growth in core deposits Average Quarterly Growth Year‐over‐Year Average Growth Linked Quarter DDA‐Nonint. Bearing: +$7.5 36% DDA‐Int. Bearing: +$1.2 5% DDA‐Int. Bearing: +$5.0 25% DDA‐Nonint. Bearing: +$0.7 3% Savings / Other: +$
Slide 10: Balance Sheet & Key Fee Income Drivers Trends
Balance Sheet & Key Fee Income Drivers Trends Quarterly growth driven by PPP, deposit inflows, and mortgage originations Period‐End Total Commercial Loan Balances ($ billions) Period‐End Total Deposit Balances ($ billions) Salable Mortgage Origination Volume ($ millions) Debit Card Volume (YoY Chang
Slide 11: Capital and Liquidity
Capital and Liquidity Managing capital and liquidity consistent with our aggregate moderate‐to‐low risk appetite $0.95 EOP Loan to Deposit Ratio $2.00 EOP Modified Liquidity Coverage Ratio (1) 188% 183% $1.90 92% $0.90 90% $1.80 $0.85 170% 86% 85% $1.70 $0.80 82% $1.60 $0.75 150% 147% $1.50 $0.70 $1
Slide 12: Allowance for Credit Losses (ACL)
Allowance for Credit Losses (ACL) Stable ACL coverage ratio $1,878 $1,866 $1,821 2.50% of $1,603 2.45% of 2.46% of loans ex. loans ex. loans ex. PPP (1) PPP (1) PPP (1) Multiple scenarios utilized while using November baseline as foundation 2.31% of 2.29% of 2.27% of loans While baseline outlook
Slide 13: Credit Quality – NPAs and TDRs
Credit Quality – NPAs and TDRs Oil and gas impacts waning as aggressive reduction strategy takes hold Nonperforming Assets (NPAs): Q/Q Trend in Nonperforming Assets 4Q20 3Q20 0.89% ($ in millions) Change 0.66% 0.75% 0.74% 0.69% $56 $288 $148 Commercial and Industrial $353 $388 ($35) $195 $60 $442 $3
Slide 14: COVID Related Financial Accommodations
COVID Related Financial Accommodations Remaining deferrals represent less than 1% of the loan portfolio, compared to 9% at the June 30 peak. Active Commercial deferrals are down $4.8B from the June 30 peak. Only a modest amount of CRE and Business Banking deferrals remain. o Select Hospitality c
Slide 15: Asset Quality and Reserve Trends
Asset Quality and Reserve Trends Asset quality metrics improving despite challenging economic considerations Net Charge‐off Ratio ACL and ALLL Ratios ACL Ratio 0.62% ALLL Ratio 0.54% 0.56% 0.55% 2.27% 2.31% 2.29% 2.05% 0.39% 2.12% 2.21% 2.22% 1.18% 1.93% 1.04% 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20
Slide 16: Extending Digital Origination Capabilities
Extending Digital Origination Capabilities Digital Originations In 2020, Huntington aggressively extended origination capabilities to New Consumer Deposit Accounts Includes Checking, Savings, MMA ensure all core product families 44% within consumer and business banking 29% 28% can originate digitall
Slide 17: Consumer and Business Digital Engagement Metrics
Consumer and Business Digital Engagement Metrics Active Digital Users Active Mobile Users Digital Logins (Millions) (Millions) (Millions) +6% YoY +9% YoY +25% YoY 2.18 3.01 3.04 2.12 2.99 2.10 139.4 2.95 2.05 124.2 128.4 2.88 2.00 102.3 108.7 26.0 22.5 22.6 23.2 23.8 113.4 101.7 105.8 79.1 84.9 4Q19
Slide 18: 2021 Full-Year Expectations – Standalone Huntington
2021 Full‐Year Expectations – Standalone Huntington 2021 vs. 2020 Commentary • Reflects modestly higher commercial loans (inclusive of PPP) and mid‐single digit growth Avg Loans in consumer loans; excluding PPP, mid‐single digit growth in both + 2‐4% 2020 = $79.4 billion • Expectation for continuati
Slide 19: Reconciliation
Reconciliation Tangible common equity, ROTCE, and ACL ratio ex. PPP loans ($ in millions) 4Q20 3Q20 4Q19 Average common shareholders’ equity $10,749 $10,701 $10,681 Less: intangible assets and goodwill 2,185 2,195 2,228 Add: net tax effect of intangible assets 41 43 50 Average tangible common shareh
Slide 20: Appendix
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Slide 21: 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 22: Table of Contents
Table of Contents Income Statement 23 Net Interest Income 24 Hedging Program Overview 25 Noninterest Income 26 Noninterest Expense 27 Mortgage Banking Noninterest Income 28 Tax Rate Summary 30 Balance Sheet 31 Deposit Composition 32 Loan Composition 34 Investment Securities 37 Commercial Loan Detail
Slide 23: Income Statement
Income Statement (4) Huntington Welcome: ; JOC ATX
Slide 24: Net Interest Margin (FTE)
Net Interest Margin (FTE) NIM down 18 basis points year‐over‐year reflecting lower market interest rates and inherent asset sensitivity of balance sheet Net Interest Margin Trends Components of Cost of Interest‐Bearing Liabilities 3.50% 4.03% 3.88% 3.35% 2.70% 3.22% 3.13% 2.58% 1.66% 3.12% 3.14% 1.4
Slide 25: Hedging Program Overview
Hedging Program Overview Loan by Rate Index(1) Loan by Rate Index(1) Hybrid ARMs Hybrid ARMs 9% Variable 9% Variable (>1‐month) (>1‐month) 4% 4% Variable Fixed Fixed (1‐month) 49% Variable 49% Unhedged (1‐month) Impact of Hedging 19% 38% Variable (1‐month) Hedged 19% Wtd. Avg. Wtd Avg. Wtd. Notional
Slide 26: Noninterest Income
Noninterest Income Mortgage banking income remained robust Change in Quarterly Noninterest Income Year‐over‐Year Total Noninterest Income Mtg banking: +$32 55% +10% $430 Other & sec. losses: +$21 105% $409 $372 Capital Markets: +$3 10% Trust & inv mgmt: +$2 4% Cards & payment: +$1 2% Insurance: +$1
Slide 27: Noninterest Expense
Noninterest Expense Continued investment in talent and technology drive expense growth Change in Quarterly Noninterest Expense Year‐over‐Year Total Expense +8% Outside data processing: +$22 25% $756 Other expense: +$19 33% Equipment: +$7 17% $712 $701 Professional services: +$7 49% Marketing: +$6 67
Slide 28: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary Mortgage Banking Income (MBI) Salable Production Mix $150 $130 $122 $110 $96 $120 $90 $90 $96 $95 51% 55% 54% 56% 65% $70 $58 $58 $4 $50 $11 $54 4.67% $47 $30 3.93% 3.85% 49% 45% 46% 44% $10 3.13% 35% 2.64% $(10) $(5) 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q2
Slide 29: Historical Yield Curves
Historical Yield Curves Yield curve moved lower and inverted LIBOR / Swap Curves 2.25% 2.00% 12/31/19 1.75% 1.50% 1.25% 1.00% 12/31/20 0.75% 9/30/20 0.50% 0.25% 0.00% 1mL 3mL 6mL 12mL 2Y 3Y 4Y 5Y 7Y 10Y 1 month 2 year 4 year 10 year Rate LIBOR Swap swap swap 12/31/19 1.76% 1.70% 1.70% 1.90% 9/30/20
Slide 30: Tax Rate Summary
Tax Rate Summary Reported vs. FTE adjusted ($ in millions) 4Q20 3Q20 4Q19 2020 2019 Reported (GAAP) Income before income taxes $375 $358 $372 $972 $1,659 Provision for income taxes $59 $55 $55 $155 $248 Effective tax rate 15.8% 15.2% 14.8% 15.9% 15.0% FTE Adjustment Income before income taxes $5 $5
Slide 31: Balance Sheet
Balance Sheet (4) Huntington Welcome: ; JOC ATX
Slide 32: Average Deposit Composition: $96.6 Billion
Average Deposit Composition: $96.6 Billion 4Q20 average balances Average Balance by Type Average Balance by Segment 2% 0% 4% 5% 1% 7% 12% 29% 25% 27% 62% 26% Demand ‐ Noninterest Bearing $28.1B Consumer and Business Banking: $60.2B Demand ‐ Interest Bearing $25.1B Commercial Banking: $24.1B Money Ma
Slide 33: Total Core Deposit Trends
Total Core Deposit Trends 2020 vs 4Q20 vs 4Q20 vs Average ($ in billions) 2020 4Q20 2019 3Q20(1) 4Q19 Commercial Demand deposits – noninterest bearing $ 19.2 27) % $ 21.7 16) % 37) % Demand deposits – interest bearing 13.7 20) 14.4 21) 23) Total commercial DDA 32.9 24) 36.1 18) 31) Other core deposi
Slide 34: Average Loan Composition: $81.1 Billion
Average Loan Composition: $81.1 Billion 4Q20 average balances Average Balance by Type Average Balance by Segment 1% 8% 5% 43% 34% 15% 25% 11% 9% 16% 33% C&I $34.9B Commercial Real Estate $7.2B Consumer and Business Banking: $27.5B Auto $12.9B Commercial Banking: $26.7B Home Equity $8.9B Vehicle Fina
Slide 35: Consumer and Commercial Asset Trends
Consumer and Commercial Asset Trends 2020 vs 4Q20 vs 4Q20 vs Average ($ in billions) 2020 4Q20 2019 3Q20(1) 4Q19 Commercial Commercial and industrial loans $ 33.9 11) % $ 34.9 2) % 15) % Commercial real estate: Construction loans 1.2 (1) 1.1 (31) (8) Commercial loans 5.9 3) 6.1 3) 8) Total commercia
Slide 36: Change in Common Shares Outstanding
Change in Common Shares Outstanding There were 0.4 million shares repurchased in 4Q20 to offset compensation plan‐related share issuances Share count in millions 4Q20 3Q20 2Q20 1Q20 4Q19 3Q19 2Q19 1Q19 Beginning shares outstanding 1,017 1,017 1,014 1,020 1,033 1,038 1,046 1,047 Employee equity com
Slide 37: Securities Mix and Yield
Securities Mix and Yield(1) Securities Portfolio Mix Securities Portfolio Yield $30 ($ in billions) 3.25% Held‐to‐maturity Available‐for‐sale 3.04% 3.01% 3.00% 2.94% $25 2.87% 2.79% 2.75% 2.75% $20 2.52% 2.54% 2.51% 2.50% 2.50% 2.45% 13.9 14.4 2.50% 14.8 2.39% 13.4 14.0 13.8 13.9 13.5 13.5 $15 2.28%
Slide 38: AFS and HTM Securities Overview
AFS and HTM Securities Overview(1) December 31, 2020 September 30, 2020 December 31, 2019 ($mm) % of Remaining % of Remaining % of Remaining AFS Portfolio Carry Value Portfolio Life to Maturity Yield(3) Carry Value Portfolio Life to Maturity Yield(3) Carry Value Portfolio Life to Maturity Yield(3) U
Slide 39: Total Commercial Loans – Granularity
Total Commercial Loans – Granularity End of period outstandings of $42.6 billion # of Loans by Size Loans by Dollar Size 8% 17% 36% 69,320 98% 1,766 26% 2% 13% < $5 MM $5+ MM < $5 MM: $15.3B $5 MM ‐ < $10 MM 810 $5 MM ‐ < $10 MM: $5.7B $10 MM ‐ < $25 MM 690 $10 MM ‐ <$25 MM: $10.9B $25 MM ‐ < $50 MM
Slide 40: Commercial and Industrial: $35.4 Billion
Commercial and Industrial: $35.4 Billion Diversified by sector and geographically within our Midwest footprint; asset finance and specialty lending in extended footprint Strategic focus on middle market companies with $20 ‐ $500 million in sales and Business Banking customers with <$20 million i
Slide 41: C&I – Auto Industry
C&I – Auto Industry End of period balances Outstandings ($ in millions) 4Q20 3Q20 2Q20 1Q20 4Q19 Suppliers(1) Domestic $ 923 $ 910 $ 977 $ 883 $ 759 Foreign 0 0 0 0 0 Total suppliers 923 910 977 883 759 Dealers Floorplan‐domestic 1,725 1,593 1,562 2,309 2,370 Floorplan‐foreign 944 810 883 1,207 986
Slide 42: Commercial Real Estate: $7.2 Billion
Commercial Real Estate: $7.2 Billion Long‐term, meaningful relationships with opportunities for additional cross‐sell o Primarily Midwest footprint projects generating adequate return on capital o Proven CRE participants… 28+ years average CRE experience o >80% of the loans have personal guarantee
Slide 43: Automobile: $12.8 Billion
Automobile: $12.8 Billion Extensive relationships with high quality dealers o Huntington consistently in the market for nearly 70 years o Dominant market position in the Midwest with ~4,200 dealers o Floorplan and dealership real estate lending, core deposit relationship, full Treasury Management,
Slide 44: Auto Loans – Production and Credit Quality
Auto Loans – Production and Credit Quality 4Q20 3Q20 2Q20 1Q20 4Q19 3Q19 2Q19 1Q19 4Q18 Originations Amount ($ in billions) $1.4 $1.7 $1.2 $1.6 $1.9 $1.6 $1.3 $1.2 $1.4 % new vehicles 54% 48% 36% 47% 52% 46% 40% 42% 49% Avg. LTV 86% 89% 90% 89% 88% 90% 92% 90% 90% Avg. FICO 774 777 770 778 781 773 7
Slide 45: Auto Loans – Origination Trends
Auto Loans – Origination Trends Loan originations from 2013 through 3Q20 demonstrate strong characteristics and continued improvements from pre‐2010 Credit scoring model most recently updated in January 2017 2016‐2019 net charge‐offs impacted by acquisition of FirstMerit, including purchase acco
Slide 46: Home Equity: $8.9 Billion
Home Equity: $8.9 Billion Focused on geographies within our Midwest footprint with relationship customers Focused on high quality borrowers… portfolio as of 4Q20: o Average weighted FICO scores of 750+ o Average weighted LTVs of <85% for junior liens and <75% for 1st‐liens o Approximately 60% ar
Slide 47: Home Equity – Origination Trends
Home Equity – Origination Trends Consistent origination strategy since 2010 HPI Index is at highest level since pre‐2007 – consistent with general assessment of the overall market Focused on high quality borrowers… 4Q20 originations: o Average weighted FICO scores of 750+ o Average weighted LT
Slide 48: Residential Mortgages: $12.1 Billion
Residential Mortgages: $12.1 Billion Traditional product mix focused on geographies within our Midwest footprint Early identification of at‐risk borrowers. “Home Savers” program has a 75% success rate Credit Quality Review 4Q20 3Q20 2Q20 1Q20 4Q19 Period end balance ($ in billions) $12.1 $12.0 $
Slide 49: Residential Mortgages – Origination Trends
Residential Mortgages – Origination Trends Consistent origination strategy since 2010 HPI Index is at highest level since pre‐2007 – consistent with general assessment of the overall market Average 4Q20 portfolio origination: purchased / refinance mix of 40% / 60% ($ in billions) 2020 2019 201
Slide 50: RV and Marine: $4.2 Billion
RV and Marine: $4.2 Billion Indirect origination via established dealers in 34 states o Entered business in 2016 via FirstMerit acquisition; 2017‐2018 expansion into new states Centrally underwritten with focus on super prime borrowers Underwriting aligns with Huntington’s origination standard
Slide 51: RV and Marine – Origination Trends
RV and Marine – Origination Trends Tightened underwriting standards post‐FirstMerit acquisition along with geographic expansion, primarily into the Southeast and the West Net charge‐offs impacted by acquisition of FirstMerit, including purchase accounting treatment of acquired portfolio A ($ in
Slide 52: Credit Quality Review
Credit Quality Review (4) Huntington Welcome: ; JOC mW se We A
Slide 53: Strategic Credit Risk Management Actions Since 2009
Strategic Credit Risk Management Actions Since 2009 Positioned for top quartile through‐the‐cycle performance • Established clear credit risk appetite and aligned credit strategy and policy • Centralized credit and risk management (versus delegation to each region) 2009 • Established credit concentr
Slide 54: Credit Quality Trends Overview
Credit Quality Trends Overview 4Q20 3Q20 2Q20 1Q20 4Q19 Net charge‐off ratio 0.55% 0.56% 0.54% 0.62% 0.39% 90+ days PD and accruing 0.21 0.22 0.24 0.21 0.23 NAL ratio(1) 0.65 0.70 0.81 0.72 0.62 NPA ratio(2) 0.69 0.74 0.89 0.75 0.66 Criticized asset ratio(3) 3.91 4.35 4.95 3.59 3.64 ALLL ratio 2.22
Slide 55: Consumer Loan Delinquencies
Consumer Loan Delinquencies(1) 30+ Days 90+ Days 1.36% 1.15% 1.18% 1.13% 1.09% 2.40% 2.28% 2.29% 2.18% 2.10% 1.36% 1.22% 1.26% 1.11% 0.48% 0.95% 1.03% 0.42% 0.41% 0.42% 0.41% 0.88% 0.90% 0.69% 0.54% 0.87% 0.80% 0.16% 0.16% 0.68% 0.13% 0.12% 0.12% 0.51% 0.47% 0.07% 0.06% 0.06% 0.07% 0.07% 4Q19 1Q20 2
Slide 56: Total Commercial Loan Delinquencies
Total Commercial Loan Delinquencies 30+ Days(1) 90+ Days(2) 0.30% 0.21% 0.19% 0.15% 0.15% 0.03% 0.03% 0.03% 0.02% 0.02% 4Q19 1Q20 2Q20 3Q20 4Q20 4Q19 1Q20 2Q20 3Q20 4Q20 See notes on slide 66 2020 Fourth Quarter Earnings Review 56
Slide 57: Net Charge-Offs
Net Charge‐Offs Total Commercial Loans Total Consumer Loans ($ in millions) Oil & Gas NCOs ($ in millions) NCOs CML NCOs ex‐Oil & Gas Annualized % Annualized % Annualized ex‐Oil & Gas 0.89% 0.86% 0.85% 0.75% 0.65% 0.74% 0.47% 0.38% 0.39% 0.35% 0.30% 0.24% 0.22% 0.19% $89 $90 $83 0.20% $80 $12 $22 $4
Slide 58: Nonperforming Asset Flow Analysis
Nonperforming Asset Flow Analysis End of Period ($ in millions) 4Q20 3Q20 2Q20 1Q20 4Q19 NPA beginning‐of‐period $602 $713 $586 $498 $482 Additions / increases 248 190 279 274 175 Return to accruing status (108) (47) (25) (18) (20) Loan and lease losses (73) (102) (61) (91) (48) Payments (82) (77) (
Slide 59: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 4Q20 3Q20 2Q20 1Q20 4Q19 Criticized beginning‐of‐period $3,173 $3,601 $2,473 $2,394 $2,365 Additions / increases 473 355 1,411 510 479 Advances 86 120 329 187 109 Upgrades to “Pass” (395) (407) (111) (100) (174) Paydowns (577) (429) (
Slide 60: Franchise and Leadership
Franchise and Leadership (4) Huntington Welcome: JOC mW se We A
Slide 61: Huntington Overview
Huntington Overview We serve our customers through a banking network of over 800 retail branches as well as digital, telephone, and ATM banking capabilities. OUR GEOGRAPHIC FOOTPRINT RETAIL FOOTPRINT PRODUCTS: EXTENDED FOOTPRINT PRODUCTS: Consumer Asset Finance Business Banking Auto Commercial Corpo
Slide 62: Experienced, Diverse Executive Leadership Team
Experienced, Diverse Executive Leadership Team Chairman, President, and CEO Steve Steinour Consumer and Business Banking Regional Banking and the Private Client Group Andy Harmening Sandy Pierce Commercial Banking Vehicle Finance Scott Kleinman Sandy Pierce Finance & Strategy Risk Zach Wasserman Hel
Slide 63: Deeply Engaged, Diverse Board of Directors
Deeply Engaged, Diverse Board of Directors Our Board sets the strategy, risk management culture, and ethical standards for the entire organization Our directors represent a well‐rounded diversity of skills, knowledge, and experience aligned with our strategy. o Our Board is committed to board re
Slide 64: Notes
Notes Slide 11: (1) As of December 31, 2019, Huntington is no longer subject to the Federal Reserve’s modified Liquidity Coverage Ratio. (2) December 31, 2020 figures are estimated. The 2020 capital ratios reflect Huntington’s election of a five‐year transition to delay for two years the full impact
Slide 65: Notes
Notes Slide 40: (1) All amounts represent accruing purchased impaired loans; under the applicable accounting guidance (ASC 310‐30), the loans were recorded at fair value upon acquisition and remain in accruing status (2) Annualized Slide 41: (1) Companies with > 25% of their revenue from the auto in
Slide 66: Notes
Notes Slide 51: (1) RV/Marine LTV based on wholesale value Slide 54: (1) NALs divided by total loans and leases (2) NPAs divided by the sum of loans and leases, net other real estate owned, and other NPAs (3) Criticized assets = commercial criticized loans + consumer loans >60 DPD + OREO; Total crit
Huntington Bancshares — Q4 2020 Earnings Presentation on 6ix