Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Investor Presentation (November 2010)
184 slides from Huntington Bancshares's investor presentation, Nov 16, 2010
Slide 1: 2010 Fourth Quarter Investor Handout
2010 Fourth Quarter Investor Handout November 15, 2010
Slide 2: Table of Contents
Table of Contents Overview Discussion 3Quarterly Financial Review 25 Quarterly performance highlights 29 Pre-tax, pre-provision income 31 Significant items impacting comparisons 33 Income Statement 34 Net interest margin 35 Noninterest income 38 Noninterest expense 41 Operating leverage / efficiency
Slide 3: Overview Discussion
Overview Discussion
Slide 4: Breaking Away: Key Themes
Driving Customer and Revenue GrowthBuilding Revenue StreamsRapid Improvement in Credit QualityEarnings Drivers and ROANear-Term Priorities Breaking Away 4
Slide 5: Huntington - A Break Away Opportunity
We are...Investing in revenue-generating businessesGoing beyond the expected overdraft revenue decline to offer transparency and fair value to our customersWe will...Gain share-of-walletTake market share Huntington - A Break Away Opportunity 5
Slide 6: Driving Customer and Revenue Growth
Driving Customer and Revenue Growth 6 Deeper service and product penetration of existing customersRigorous and disciplined sales management and sales processRobust sales/ cross-referral technology - MAXBroad array of services and products
Slide 7: Driving Customer and Revenue Growth
Driving Customer and Revenue Growth 7 Grow customer base and take market share"Fair Play" - a compelling banking philosophy
Slide 8: Our Fair Play Banking Philosophy
Our "Fair Play" Banking Philosophy 8 Deliver a Category of One customer experience that drives higher relative customer satisfaction and acquisition and retentionSimple / compelling products priced fairly and transparently... our version of Southwest Airline's successful "The Bags Fly Free"(r) marke
Slide 9: Fair Play Banking - Step #1 Reduced Overdraft Fees
"Fair Play" Banking - Step #1 Reduced Bothersome Overdraft Fees 9 In June 2010, initiated new overdraft fee policies on three overdraft-related fees to make them fairer and easier to understandNo OD fee for OD amounts <$5.00Reduced daily OD cap to 4 items from 8No additional OD fees until day 6
Slide 10: Fair Play Banking - Step #2 24-Hour Grace
"Fair Play" Banking - Step #2 Roll Out 24-Hour Grace(tm) 10 Trademark Registration and Patent Pending - A Huntington exclusiveCustomers just need to make a deposit during the next business day to make it rightAutomatically provided for free on all consumer accountsResearch showed broad and strong ap
Slide 11: Fair Play Philosophy - Early Stage Observations
Colleague excitement and engagementHousehold growth BetterNew account growth HigherRetention HigherOD fee refunds DownService charge revenue decline In Line"Halo" affect for businesses "Fair Play" Philosophy - Early Stage Observations 11
Slide 12: Driving Customer and Revenue Growth
Driving Customer and Revenue Growth 12 Grow customer base and take market share"Fair Play" - a compelling banking philosophyIncrease convenience and multiply the effective size of our existing footprint
Slide 13: Increase Convenience - Cleveland Hours
Increase Convenience - Cleveland 13 67 hrs/week - More than Other BanksMore Hours = More RevenueLeverages Existing Distribution53 Cleveland branchesM-F, 8a-7p; Sat, 8a-4p; Sun, 12-4pCreates Revenue LiftChecking sales 28% higherBalance growthHigher service charge incomeMajority of new accounts from l
Slide 14: Increase Convenience - Ohio Branch Share
Increase Convenience - Ohio 14 Branch share source, SNL Financial, 6/30/2010 % of Branches % of Branches % of Branches MSA 6/10 Pro Forma (1) Pro Forma (1) Akron 7.8% 14.1% #2 Canton 18.0% 23.1% #1 Cleveland 8.8% 15.0% #1 Columbus 12.2% 15.6% #1 Youngstown 18.1% 22.9% #1 372 Branches + 101 In-Store
Slide 15: Selective Out-of-Footprint Expansion
Driving Customer and Revenue Growth 15 Grow customer base and take market share"Fair Play" - a compelling banking philosophyIncrease convenience and multiply the effective size of our existing footprintSelective out-of-footprint expansionAuto Finance and Dealer ServiceCentral and Eastern Pennsylvani
Slide 16: Build a Powerful Brand
Driving Customer and Revenue Growth 16 Build a powerful brandThe Bank committed to the MidwestFull commitmentMaking investmentsSourcing locallyBig enough to make an impact on our communitiesCompelling value propositionDeliver superior customer value through exceptional products and servicesShared va
Slide 17: Building Revenue Streams - Auto Pennsylvania Expansion
(CHART) Loans - Avg. (CHART) Building Revenue Streams - Auto Pennsylvania Expansion 17 ($MM) ($MM) Total Revenue
Slide 18: Building Revenue Streams
Foreign Exchange (CHART) Treasury Management Services (CHART) Building Revenue Streams - 18 ($MM) ($MM)
Slide 19: Building Revenue Streams - Commercial Banking Large Corporate
(CHART) (CHART) Building Revenue Streams - Commercial Banking Large Corporate 19 ($MM) ($MM) Total Revenue
Slide 20: Rapid Improvement in Credit Quality
(CHART) Rapid Improvement in Credit Quality 20 ($MM) (28)% +20% (45)% (17)% +17% (12)% (7)% (52)% NALs & NPAs (1) (18)% 62% (CHART) Allowance for Loan & Lease Losses vs. NALs (1) (1) End of period
Slide 21: Rapid Improvement in Credit Quality - Nonaccrual Loans Ratio
Rapid Improvement in Credit Quality - Nonaccrual Loans Ratio 21 9/30/10 (CHART) Change from 9/30/09 (CHART) Source: SNL; company reports
Slide 22: Rapid Improvement in Credit Quality - ALLL / Nonaccrual Loans
Rapid Improvement in Credit Quality - ALLL / Nonaccrual Loans 22 9/30/10 (CHART) (CHART) Change from 9/30/09 Source: SNL; company reports
Slide 23: ROA Opportunity
ROA Opportunity 23 Sensitivity Analysis on $265 MM - 3Q10 1.10%-1.35% Long-Term Goal
Slide 24: Near-Term Priorities
Grow revenuesRelentless focus on cross-sell / cross-referralsIncrease customer acquisition and retentionFeed / grow new revenue streamsGrow loans while reducing commercial real estate exposureContinue to improve deposit mixMaintain conservative interest rate risk positionDrive continued credit quali
Slide 25: Quarterly Financial Review
Quarterly Financial Review
Slide 26: 2010 Third Quarter Performance Highlights
$100.9 MM reported net income $0.10 EPS$265.2 MM pre-tax, pre-provision income (1), down $5.2 MM, or 2%$7.9 MM, or 1%, increase in fully-taxable equivalent revenue$10.4 MM, or 3%, increase in fully-taxable equivalent net interest income1% annualized growth in loans3.45% net interest margin, down fro
Slide 27: 2010 Third Quarter Performance Highlights (continued)
Solid capital12.82% and 15.08% Tier 1 and Total risk-based capital ratios, respectively... $2.9 billion and $2.2 billion, respectively, above "well capitalized" thresholds6.20% tangible common equity ratio, up 8 bps7.39% Tier 1 common risk-based capital ratio, up 33 bpsLiquidity position strengthene
Slide 28: Positioning for Growth 3Q10 Highlights
Positioning for Growth 28 3Q10 HighlightsIncreased Brand InvestmentRetail and Business BankingIntroduced "Fair Play" banking philosophyLaunched 24-Hour Grace(tm)Signed 15-year agreement with Giant Eagle to rollout 103 full service in-store branches... making Huntington the most convenient bank in Oh
Slide 29: Quarterly Performance Highlights
Quarterly Performance Highlights 29 3Q10 2Q10 1Q10 4Q09 3Q09 EPS $0.10 $0.03 $0.01 $(0.56) $(0.33) Pre-tax pre-provision income ($MM) (1) $265.2 $270.5 $251.8 $242.1 $237.1 Net interest margin 3.45% 3.46% 3.47% 3.19% 3.20% Efficiency ratio (2) 60.6% 59.4% 60.1% 49.0% 61.4% Loan & lease growth (3) 1%
Slide 30: Quarterly Earnings
Quarterly Earnings Change Better (Worse) vs. (SMM) 2010 3009 2010 3009 Ant, Ant, Pet Netinterest income [WIR “S$ s0o7 “S sez8 [S$ 103 [S$ 471 13% Provision (119.2) (193.4) == (475.1) 742 3560 75 Noninterest income 267.4 269.6 256.1 25) a4 4 Noninterest expense [(via3) (413.8) (401.1) (13.5) (262) Pr
Slide 31: Revenue and PTPP Trends
(CHART) Revenue and PTPP Growth (1) 31 ($MM) (CHART) (1) Revenue is FTE; See Basis of Presentation for definition of PTPP, as well as PTPP Income reconciliation slide(2) Annualized PTPP Earnings Power (2) Revenue and PTPP Trends
Slide 32: Pre-Tax, Pre-Provision Income
Pre-Tax, Pre-Provision Income (1) 32
Slide 33: Significant Items Impacting Financial Performance Comparisons
Significant Items (1) Impacting Financial Performance Comparisons - Reconciliation 33 2010 - 2009 Quarterly
Slide 34: Income Statement
Income Statement
Slide 35: Net Interest Income & Margin
(CHART) (CHART) Change 3Q10 vs. 2Q10:Funding mix & pricing 13 bpsFranklin related (6)Asset /liability mgmt. strategies (4) Day count & other (4) Total change (1) bps Net Interest Income & Margin (1) 35 ($MM) (1) Fully-taxable equivalent basis Net Interest Margin (FTE) Net Interest Income (FTE)
Slide 36: Net Interest Margin - Yields & Rates
Net Interest Margin - Yields & Rates 36 (CHART) (CHART) Earning Assets Interest Bearing Liabilities Fed Funds Net Interest Margin Loans Investment Securities Earning Asset Yields NIM - Yields & Rates
Slide 37: Managing Interest Rate Risk
(CHART) Managing Interest Rate Risk 37 Estimated impact on annualized net interest income over the next 12-month period assuming a gradual change in rates over the next 12-month period above and beyond any rate change already implied in the current yield curve. Net Interest Income at Risk (1) Forwar
Slide 38: Noninterest Income Trends Linked Quarter
Noninterest Income Trends 38 Linked Quarter
Slide 39: Noninterest Income Trends Prior-Year Quarter
Noninterest Income Trends 39 Prior-Year Quarter
Slide 40: Mortgage Banking Income
Mortgage Banking Income 40 ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Origination & secondary marketing $35.8 $19.8 $13.6 $16.5 $16.5 Servicing fees 12.1 12.2 12.4 12.3 12.3 Amortization of capitalized servicing (13.0) (10.1) (10.1) (10.8) (10.1) Other mortgage banking income 5.0 3.7 3.2 4.5 4.1 Sub-total 39.9
Slide 41: Noninterest Expense Trends Linked Quarter
Noninterest Expense Trends 41 Linked Quarter
Slide 42: Noninterest Expense Trends Prior-Year Quarter
Noninterest Expense Trends 42 Prior-Year Quarter
Slide 43: Noninterest Expense
Noninterest Expense 43 (CHART) (CHART) ($MM) (1) Excluding 4Q09 gains on the redemption of debt of $73.6 MM Number of Employees - Full Time Equivalent Noninterest Expense (1)
Slide 44: Operating Leverage & Efficiency Ratio Trends
Operating Leverage & Efficiency Ratio Trends 44
Slide 45: Efficiency Ratio
(CHART) Efficiency Ratio 45 (1) Reported revenue and expenses adjusted for automobile operating lease expense and other items affecting comparability including merger costs. See Operating Leverage & Efficiency Ratio Trend slide for a reconciliation between GAAP and adjusted revenue and expenses. (1)
Slide 46: Balance Sheet
Balance Sheet
Slide 47: Balance Sheet - Assets
Balance Sheet - Assets ‘Sep. "10vs."09 {in millions) ‘Amount Percent Assets ‘Cash and due frombanks $112 $ 1882 © (743) 305% erst bearing deposi in banks 29308 (124) 31.4% Trading account securities 407 11 17 143% Loans hes forsale m7 sat 24 402% ‘nvestment securities soe ast D> azz sas Loans and ea
Slide 48: Balance Sheet - Liabilities & Shareholders' Equity
Balance Sheet - Liabilities & Shareholders' Equity 48
Slide 49: Earning Assets and Funding Composition
Earning Assets and Funding Composition (1) 49 (CHART) (1) Average balances (2) Interest bearing liabilities + DDA noninterest bearing (CHART) Funding (2) Earning Asset Composition
Slide 50: Investment Securities
Investment Securities
Slide 51: Investment Securities
(CHART) (CHART) Investment Securities 51 ($MM) % of Average Earning Assets Average Balance & Yield
Slide 52: Investment Securities Trends
Investment Securities Trends (1) 52 Linked Quarter - Average Treasury/Agency debt with weighted average life of < 2 yearsAgency CMOs with weighted average life of 2.3 yearsCash from asset sales and seasonal deposit growth was invested in short- to intermediate-term securitiesSold $123 MM of lower ra
Slide 53: AFS Securities Overview - 9/30/10
AFS Securities Overview (1) - 9/30/10 53
Slide 54: Investment Securities - Assessment
Investment Securities - Assessment (1) 54 Par Value Book Value Market Value OCIAlt-A mortgage backed $116 MM $112 MM $98 MM $(14) MM - Purchased 2006 % to Par Value 84% - 5 securities - senior tranche - 10/1 ARMs or 30 year fixed; no option ARMs - Cash flow analysis performed monthly to test for OTT
Slide 55: Available for Sale Securities Mix
(CHART) Available for Sale Securities Mix 55 9/30/10$9.5 B (1)2.3 Years 12/31/07$4.5 B3.2 Years 12/31/08$4.4 B5.2 Years 12/31/09$8.6 B2.4 Years Excludes $222 million of variable rate demand notes (1)
Slide 56: Investment Securities - Credit Quality
(CHART) Investment Securities - Credit Quality (1) 56 (1) Percent calculation excludes FRB/FHLB stock required to be held by regulation(2) Excludes $222 MM of variable rate demand notes (2)
Slide 57: Total Loan Portfolio Overview
Total Loan Portfolio Overview
Slide 58: Credit Exposure Composition
Credit Exposure Composition 58 ($B) 9/30/10 9/30/10 9/30/10 12/31/09 12/31/09 12/31/09 12/31/08 12/31/08 12/31/08 12/31/07 12/31/07 12/31/07 12/31/06 12/31/06 12/31/06 Amt Pct Amt Pct Amt Pct Amt Pct Amt Pct Commercial & industrial $12.4 33 % $12.9 35 % $13.5 33 % $13.1 33 % $7.8 30 % Commercial rea
Slide 59: Total Loans and Leases - By Business Segment
Total Loans and Leases - By Business Segment 59 59 Avg. Outstandings - $37.2 Billion 3Q10
Slide 60: Total Loans and Leases Portfolio Overview
(CHART) Total Loans and Leases Portfolio Overview 60 ($B) $19.7 $5.8 $2.6 $0.9 $2.6 $1.6 $0.8 $3.4 EOP Outstandings - $37.5 Billion (1) (1) 9/30/10 By State
Slide 61: Loan and Lease Trends Linked Quarter
Loan and Lease Trends 61 Linked Quarter
Slide 62: Loan and Lease Trends Prior-Year Quarter
Loan and Lease Trends 62 Prior-Year Quarter (1) Reflects 1Q10 impact of bringing back on the balance sheet a $0.7 B automobile loan securitization (1)
Slide 63: Total Commercial Loans
Total Commercial Loans
Slide 64: Total Commercial Loans
(CHART) Total Commercial Loans 64 ($B) EOP Outstandings - $19.3 Billion (1) (1) 9/30/10 By Industry $6.7 $4.1 $2.2 $2.4 $1.3 $0.9 $0.9 $0.4 $0.3 $0.1
Slide 65: Commercial Loans - Risk Grade Distribution
(CHART) Commercial Loans - Risk Grade Distribution 65 PD Risk Grades (Moody's or Regulatory Definition) Percent of End of Period Balances ($B) $23.6 $22.3 $20.6 $19.6 10% 13% 16% 4% 8% 8% 15% 18% 18% 16% 19% 20% 17% 18% 22% 13% 13% 14% 10% 10% 12% 2% 2% 2% 3% 13% 6% 19% 15% 18% 15% 13% 2% $19.3 15%
Slide 66: Total Commercial Loans by Dollar Size
(CHART) Total Commercial Loans 66 EOP Outstandings - $19.3 Billion (1) (CHART) 745 2% 37,07898% (1) 9/30/10 Loans by Dollar Size # of Loans by Size $5 MM - < $10 MM 417$10 MM - < $25 MM 285$25 MM - < $50 MM 37> $50 MM 6Total 745
Slide 67: Total Commercial Loan - Delinquencies
Total Commercial Loan - Delinquencies (1) 67 (CHART) (CHART) (1) Period end; delinquent but accruing as a % of related outstandings at EOP 90+ Days 30+ Days
Slide 68: Total Commercial Loans - Criticized Loan Flow Analysis
($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Criticized beginning-of-period $4,106 $4,608 $4,972 $4,855 $4,679 Additions / increases 408 280 306 950 795 Advances 75 79 91 110 71 Upgrades to "Pass" (391) (409) (273) (134) (136) Paydowns (409) (331) (324) (428) (298) Charge-offs (152) (121) (164) (381) (256) Critic
Slide 69: Commercial and Industrial Loans (C&I)
Commercial and Industrial Loans (C&I)
Slide 70: C&I - Overview
C&I - Overview 70 EOP Outstandings - $12.4 Billion (1)Diversified by sector and geographically within our Midwest footprintGranular5 loans >$50 million... 3% of portfolio47 loans $20-$50 million... 10% of the portfolioFocus on middle market companies with $15-$100 million in salesCredit Quality Tren
Slide 71: C&I - Credit Risk Management Strategies
C&I - Credit Risk Management Strategies 71 What We DoLending to defined relationship oriented clientsFollow disciplined credit policies and processesUnderstanding our client's market / industry and their durable competitive advantageUnderwriting to historical cash flows with collateral as a secondar
Slide 72: C&I - Credit Risk Management Strategies Outlook
C&I - Credit Risk Management Strategies 72 OutlookContinued focus on higher risk segmentsHomebuilder-related entities - moderating stress based on improving economic conditionsConstruction and specialty contractors - continued higher riskManufacturing - opportunity for measured growth including auto
Slide 73: C&I - Portfolio Composition by Industry
(CHART) C&I - Portfolio Composition 73 ($B) EOP Outstandings - $12.4 Billion (1) (1) 9/30/10 By Industry $3.7 $2.1 $1.4 $1.2 $1.1 $0.9 $0.7 $0.5 $0.4 $0.2 $0.1 < $0.1
Slide 74: Total C&I Loan Portfolio Composition By Industry
Total C&I Loan Portfolio Composition 74 74 By Industry - % of Total C&I EOP Outstandings - $12.4 Billion (1) (1) 9/30/10 ($ MM) No. O/S % of Total 30+ days PD & accruing Classified NAL Services 11,712 $3,697 29.8% 0.54% 6.6% 3.1% Manufacturing 4,077 2,100 16.9 1.61 16.3 4.9 Finance, insurance & real
Slide 75: C&I - Portfolio Composition by Obligor Size
(CHART) C&I - Portfolio Composition 75 ($B) EOP Outstandings - $12.4 Billion (1) (1) 9/30/10 By Loan Outstanding Obligor Size & Number of Obligors 5 47 129 257 1,660 1,639 27,859
Slide 76: C&I Loan Portfolio Composition by Maturity
(CHART) C&I Loan Portfolio Composition 76 ($B) EOP Outstandings - $12.4 Billion (1) (1) 9/30/10 By Maturity $1.8 $4.5 $1.3 $1.6 $1.8 $1.0 $0.3
Slide 77: C&I Collateral Quality Assessment
Total C&I Loan Portfolio Composition 77 Industry By Collateral Quality Assessment - 9/30/10 Strong: LGD 15% or less Average: LGD 16-35%Below Avg: LGD 36-55% Limited: LGD >55% (1) 1/3 of Limited is associated with unsecured loans ($ MM) O/S Strong Average Below Average Limited (1) Services $3,697 7.3
Slide 78: C&I - Change Analysis
C&I - Change Analysis 78 ($MM) 3Q10 2Q10 Beginning of period $12,392 $12,245 Originations 609 331 Net payments / payoffs / takedowns (455) (130) Net reclassifications (44) 14 Charge-offs (78) (68) End of period $12,425 $12,392
Slide 79: C&I - Trends
(CHART) C&I - Trends 79 ($MM) Change Analysis - 3Q10 vs. 3Q09 Period-End Balance ($MM) Originations $1,720 Net payments / payoffs / takedowns (1,764) Net reclassifications 260 Charge-offs (338) Net change $(122)
Slide 80: C&I - Credit Quality
C&I - Credit Quality 80 Net Charge-offs Net Charge-offs Net Charge-offs Nonaccrual Loans Nonaccrual Loans ($ MM) Amount Pct. (2) % of Total Amount Pct. (3) Services $32.6 3.54% 52.5% $113.1 3.1% Manufacturing 17.6 3.32 28.2 102.8 4.9 Finance, insurance & real estate 6.2 1.73 10.0 51.3 3.7 Retail tra
Slide 81: C&I - Credit Quality By Segment
C&I - Credit Quality 81 By Segment - 9/30/10 ($MM) O/S 30+ PD Accruing Class. NAL's ACL C & I (Excluding segments below) $11,178 0.97% 8.12% 3.01% 2.94% Residential homebuilder related 550 1.14 21.23 5.39 4.72 Construction & contractors 539 1.01 14.96 4.32 3.89 Auto industry suppliers 157 0.46 15.33
Slide 82: C&I - Auto Industry
C&I - Auto Industry (1) 82 Outstandings (2) ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Suppliers Domestic $ 135 $ 136 $ 147 $ 163 $ 184 Foreign 22 24 24 24 31 Total suppliers 157 160 171 187 215 Dealers Floorplan-domestic 470 411 363 388 298 Floorplan-foreign 302 292 296 283 252 Total floorplan 772 703 659 671
Slide 83: Commercial Real Estate Loans (CRE)
Commercial Real Estate Loans (CRE)
Slide 84: CRE - Overview
CRE - Overview 84 EOP Outstandings - $6.9 Billion (1)Granular portfolio with geographic and project diversification throughout our footprintConstruction lending targeted to major metro marketsCRE - Retail ($1.9 billion)Loans originated with quality developers that have experience and financial capac
Slide 85: CRE - Portfolio Composition
(CHART) CRE - Portfolio Composition 85 Permanent 30% Mini-perm Traditional40% Construction 11% Non Project Loans 8% (CHART) Lines / Letters of Credit3% (1) 9/30/10 Permanent Qualified9% Mini-perm Traditional - Typically 2- to 5-year term loans to allow properties to reach stabilized operating levels
Slide 86: CRE - Trends
(CHART) CRE - Trends 86 ($MM) Change Analysis - 3Q10 vs. 3Q09 Period-End Balance ($MM) Originations $ 108 Takedowns 641 Net payments / payoffs (1,788) Net reclassifications (280) Charge-offs (482) Net change $(1,803)
Slide 87: CRE - Change Analysis
CRE - Change Analysis 87 3Q10 SFHB Retail Other Total CRE June 30, 2010 $684 $1,960 $4,539 $7,184 New originations -- 30 79 106 Net pay-offs / takedowns / other (28) (106) (167) (301) Charge-offs (23) (18) (36) (77) September 30, 2010 $634 $1,867 $4,412 $6,912 Net change $(50) $(93) $(127) $(272) (1
Slide 88: CRE - Credit Quality Overview By Segment
CRE - Credit Quality Overview 88 By Segment - 9/30/10 Current Coverage Current Coverage Current Coverage ($MM) O/S 30+ PD Accruing Class. NAL's ACL Write-downs (1) Credit Mark (2) CRE (Exc. SFHB & Retail) $4,411 1.43% 15.07% 5.08% 7.63% 3.52% 10.77% SFHB 634 1.23 52.63 20.52 18.29 20.49 32.19 Retail
Slide 89: CRE - Credit Quality - NCOs
CRE - Credit Quality - NCOs 89 (1) Listed by portfolio size ; Annualized % By Property Type (1)
Slide 90: CRE - Credit Quality - NALs
CRE - Credit Quality - NALs 90 (1) Listed by portfolio size ; % of related outstandings By Property Type (1)
Slide 91: CRE - Credit Quality By Loan Type
CRE - Credit Quality 91 By Loan Type - 9/30/10 ($MM) O/S 30+ PD Accruing Class. NAL's ACL Construction $738 0.07% 42.01% 20.45% 20.44% Lines / letters of credit 203 0.41 31.00 13.11 18.39 Non project loans 524 0.50 8.56 2.68 5.65 Mini-perm traditional 2,775 1.89 20.23 6.30 9.24 Permanent qualified 6
Slide 92: CRE - Retail
CRE - Retail 92 ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Community centers (2) $932 $979 $1,011 $1,037 $1,127 Mixed / lifestyle (2) 219 239 255 253 274 Regional centers (2) 177 172 175 174 181 Credit / freestanding (2) 230 246 252 266 278 Other (2) 309 325 371 385 376 Retail exposure trends (2) $1,867 $1,960
Slide 93: CRE - Retail - Credit Quality
CRE - Retail - Credit Quality 93 EOP Outstandings - $1.9 Billion (1) ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 30+ days PD (2) - $ 101 139 190 197 220 - % 5.43 7.08 9.20 9.32 9.84 30+ days PD & accruing (2) - $ 15 14 22 42 20 - % 0.83 0.72 1.06 1.98 0.90 Classified (2) - $ 414 458 525 461 498 - % 22.2 23.4 25.
Slide 94: CRE - Single Family Homebuilders
($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Vertical construction (2) $413 $451 $553 $577 $718 Land under development (2) 102 105 117 130 155 Land held for development (2) 119 128 135 151 166 Total $634 $684 $805 $857 $1,039 CRE - Single Family Homebuilders 94 EOP Outstandings - $0.6 Billion (1)Portfolio Charact
Slide 95: CRE - Single Family Homebuilder - Credit Quality
CRE - Single Family Homebuilder - Credit Quality 95 EOP Outstandings - $0.6 Billion (1) ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 30+ days PD (2) - $ 100 143 209 201 296 - % 15.85 20.84 25.95 23.46 28.50 30+ days PD & accruing (2) - $ 8 17 28 22 29 - % 1.32 2.43 3.47 2.57 2.81 Classified (2) - $ 334 396 476 51
Slide 96: CRE - Portfolio Positioning Core and Noncore
CRE - Portfolio Positioning 96 Segmented Into "Core" and "Noncore" PortfoliosCore Well-seasoned regional or institutional owners, developers, and organizationsMeaningful relationship in place - opportunities for additional cross- sellPrimarily Midwest footprint projects generating adequate return on
Slide 97: CRE - Core vs. Noncore
CRE - Core vs. Noncore 97 ($MM) O/S ACL Criticized NAL's Prior Charge-offs (1) ACL Credit Mark (2) 6/30/10 Core Total $3,965 $165 $519 $39 $ -- 4.16% 4.16% Noncore SAD $1,618 $390 $1,390 $564 $549 24.09% 43.33% Noncore Other 1,601 150 363 60 24 9.37% 10.71% Noncore Total $3,219 $540 $1,753 $624 $573
Slide 98: CRE - Core vs. Noncore Change Analysis
CRE - Core vs. Noncore Change Analysis 98 2Q10 ($MM) Core Noncore Total CRE March 31, 2010 $3,970 $3,487 $7,456 Originations 6 -- 6 Net payments / takedowns / other (52) (125) (176) Charge-offs (1) (89) (89) Net reclassifications 41 (54) (13) June 30, 2010 $3,965 $3,219 $7,184 Net change $(6) $(268)
Slide 99: CRE - Portfolio Composition By Property Type and Location
CRE - Portfolio Composition - 9/30/10 99 By Property Type and Property Location
Slide 100: CRE - Maturity Schedule By Loan Type
CRE - Maturity Schedule 100 By Loan Type - 9/30/10 ($MM) Within 12 Mos. 1 - 2 Years 2 - 5 Years 5+ Years Total Construction $ 537 $ 136 $ 60 $ 5 $ 738 Lines / letters of credit 155 32 8 8 203 Non project loans 209 162 87 67 525 Mini-perm traditional 1,689 608 478 -- 2,775 Permanent qualified -- 94 3
Slide 101: CRE - Core Characteristics
CRE - Core Characteristics 101 EOP Outstandings - $4.0 Billion (1)Long-term relationships... many have been customers for 20+ years.Proven CRE participants... 28+ years average CRE experience95+% of the loans have personal guaranteesIncome producing loans have weighted average debt service coverage
Slide 102: CRE - Noncore Portfolio Composition
CRE - Noncore Portfolio Composition - 9/30/10 102 By Property Type and Property Location
Slide 103: CRE - Noncore Characteristics
CRE - Noncore Characteristics 103 EOP Outstandings - $2.9 Billion (1)Noncore-Overall29% aggressive credit markUpdated values to incorporate current market conditionsLimited future funding requirements... ~$150 million95+% have guarantors99% is secured debt90% is within our geographic footprint51% ar
Slide 104: Special Assets Division (SAD)
Special Assets Division (SAD) ($1.4 billion)45% aggressive credit markActively working to exit... more aggressive terms - e.g., higher pricing, shorter amortization, sale, etc.The majority of "criticized" loans are managed within SADOther ($1.5 billion)11% credit mark represents... 2.5X coverage of
Slide 105: Total Consumer Loans and Leases
Total Consumer Loans and Leases
Slide 106: Consumer Loans and Leases
Consumer Loans and Leases - 9/30/10 106 ($B) Amt. Pct. Auto loans $5.3 29% Auto leases 0.1 1 Home equity * 7.7 42 Residential RE 4.5 25 Other consumer 0.6 3 Total consumer $18.2 100% * Home equity lines $5.2 Home equity loans 2.5 (CHART) By Loan Type
Slide 107: Total Consumer Loan Delinquencies
(CHART) Total Consumer Loan Delinquencies (1) 107 (CHART) (1) Period end; delinquent but accruing as a % of related outstandings at EOP 90+ Days 30+ Days
Slide 108: Consumer Loan Delinquencies
Consumer Loan Delinquencies (1) 108 (CHART) (1) Period end; delinquent but accruing as a % of related outstandings at EOP(2) Excludes GNMA FAS 140 government guaranteed and Franklin in periods prior to 2Q10 (CHART) (2) (2) (2) (2) 90+ Days 30+ Days
Slide 109: Consumer Loan Credit Risk Management Objective
Consumer Loan Credit Risk Management Objective 109 Manage the Probability of DefaultFootprint Portfolio... markets we know and understandClient Selection... bias for high quality customers and relationship lending vs. third-party originationsDisciplined Underwriting... borrower ability to repay, col
Slide 110: Automobile Loans and Leases
Automobile Loans and Leases
Slide 111: Auto Loans / Leases - Overview
Auto Loans / Leases - Overview 111 EOP Outstandings - $5.4 Billion (1)Consistency of strategy and commitment to dealersFocus on high service quality and high quality full dealer relationshipsSince 2001 focused on super-prime customers >750 FICOsFully automated origination and booking systemCredit Qu
Slide 112: Auto Lending - Credit Risk Management Strategies
Auto Lending - Credit Risk Management Strategies 112 Performance DriversBorrower quality - as measured at origination by:FICO score - Super Prime with consistent increasing trend FICO score distribution - consistent decline in <670 levels Custom Score - utilized to further segment FICO eligible appl
Slide 113: Auto Loans - Production and Credit Quality Overview
Auto Loans - Production and Credit Quality Overview 113 113 (1) Annualized
Slide 114: Auto Loans / Leases
(CHART) Auto Loans / Leases 114 (CHART) 0.17% 0.14% 0.33% 1.30% 1.20% 2.02% ($MM) 30+ DPD L-Q % Change in $ 5% 0.29% 1.98% Net Charge-offs Accruing Delinquency 1.17% 0.17%
Slide 115: Home Equity Loans and Lines
Home Equity Loans and Lines
Slide 116: Home Equity Loans & Lines - Overview
Home Equity Loans & Lines - Overview 116 EOP Outstandings - $7.7 Billion (1)Focused on geographies within our Midwest footprintFocused on high quality borrowers... >730 FICOsBegan exit of broker channel in 2005... <8% of outstandings todayConservative underwriting - manage the probability of default
Slide 117: Home Equity - Credit Risk Management Strategies
Home Equity Loans & Lines - Credit Risk Management Strategies 117 Performance DriversBorrower quality - as measured at origination byCustom Score - utilized to further segment FICO eligible applications - continues to enhance predictive modeling FICO score - consistent increasing trend, with very li
Slide 118: Home Equity - Credit Risk Management Strategies
Home Equity Loans & Lines - Credit Risk Management Strategies 118 Risk Recognition Major focus on loss mitigation in 2008-2009 - 75% of loan modifications are paying as agreedWrite-down to discounted current value less selling costs at 120 days past dueNon-accrual balances represent the realizable v
Slide 119: Home Equity Loans & Lines - LTV, FICO, Originations
Home Equity Loans & Lines - LTV, FICO, Originations 119 (1) Primarily fixed-rate (2) Weighted average LTVs are cumulative LTVs reflecting the balance of any senior loans(3) Weighted average FICOs reflect currently updated customer credit scores(4) Weighted average at origination(5) Primarily variabl
Slide 120: Home Equity Loans & Lines - Originations Volume FICO
Home Equity Loans & Lines - Originations 120 Volume FICO (CHART) ($MM)
Slide 121: Home Equity Loans & Lines
(CHART) Home Equity Loans & Lines 121 (CHART) 0.39% 0.36% 0.60% 1.41% 1.28% 1.73% ($MM) 30+ DPD L-Q % Change in $ 11% 0.71% 1.76% Net Charge-offs (1) Accruing Delinquency Reflects more active treatment decisions associated with loss mitigation and short sale actions2Q10 excluding $15.9 MM Franklin-r
Slide 122: Residential Mortgages
Residential Mortgages
Slide 123: Residential Mortgages - Overview
Residential Mortgages - Overview 123 EOP Outstandings - $4.5 Billion (1)Focused on geographies within our Midwest footprintTraditional product mix... very limited nontraditional exposure as we never originated sub-prime, payment option ARMs, or negative amortization loans$553 million of Interest Onl
Slide 124: Residential Mortgages - Credit Risk Management Strategies
Residential Mortgages - Credit Risk Management Strategies Performance DriversStandard products and borrower quality - as measured at origination by:Secondary market underwritingFICO score - consistent increasing trendFICO score distribution - consistent decline in low score levels Non-standard produ
Slide 125: Residential Mortgages - Credit Risk Management Strategies
Residential Mortgages - Credit Risk Management Strategies 125 Risk RecognitionWrite down to discounted current value less selling costs at 180 days past dueNonaccrual balances represent the realizable value estimate in future periodsContinued Focus on Borrower's Ability to Pay for New OriginationsAl
Slide 126: Residential Mortgages - LTV, FICO, Originations
Residential Mortgages - LTV, FICO, Originations 126 (1) Weighted average FICOs reflect currently updated customer credit scores(2) Only owned-portfolio originationsWeighted average at origination 3Q10 2Q10 1Q10 4Q09 3Q09 Ending balance ($B) $4.5 $4.4 $4.6 $4.5 $4.5 Average LTV 77% 77% 76% 77% 77% Av
Slide 127: Residential Mortgages
(CHART) Residential Mortgages 127 (CHART) 1.58% 1.08% 1.47% 5.81% 5.55% 5.84% ($MM) 30+ DPD L-Q % Change in $ (2%) 1.75% 5.40% Net Charge-offs Accruing Delinquency (1) (2) (1) Excluding U.S. Government guaranteed loans1.73%, excluding impact due to implementation of more conservative loss recognitio
Slide 128: Other Consumer Loans
Other Consumer Loans
Slide 129: Other Consumer Loans
Other Consumer loans 129 EOP Outstandings - $0.6 Billion (1)80% collateralizedAutos, untitled vehicles, small boats, mobile homes and other miscellaneousPrimarily for existing customersPerformed within expectations over the past year, though varies by collateral type (1) 9/30/10
Slide 130: Credit Quality Review
Credit Quality Review
Slide 131: Credit Quality Trends Overview
Credit Quality Trends Overview 131 131 (1) NALs divided by total loans and leases(2) NPAs divided by the sum of loans and leases, impaired loans held for sale, net other real estate and other NPAs(3) Criticized assets = commercial criticized loans+consumer loans >60 DPD+OREO; Total criticized assets
Slide 132: Net Charge-offs
(CHART) Net Charge-offs 132 ($MM) ($MM) (1) $32.0 MM from change in loss recognition policy$1.39% excluding $80.0 MM Franklin-related Consumer Loans Commercial Loans (2) (CHART) (2)
Slide 133: Net Charge-offs ($MM)
Net Charge-offs 133 ($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 Commercial and industrial $62.2 $58.1 $75.4 $109.8 $68.8 Commercial real estate 63.7 81.7 85.3 258.1 169.2 Total commercial 125.9 139.9 160.7 367.9 238.1 Auto loans 5.2 5.2 7.7 11.4 9.0 Auto leases 0.4 0.2 0.9 1.6 1.8 Home equity loans / lines 27.8
Slide 134: Net Charge-off Ratios
Net Charge-off Ratios (1) 134 3Q10 2Q10 1Q10 4Q09 3Q09 Commercial and industrial 2.01% 1.90% 2.45% 3.49% 2.13% Commercial real estate 3.60 4.44 4.44 12.21 7.62 Total commercial 2.59 2.85 3.22 7.00 4.37 Auto loans 0.41 0.47 0.76 1.49 1.25 Auto leases 1.32 0.54 1.58 2.25 2.04 Home equity loans / lines
Slide 135: Nonaccrual Loans & Nonperforming Assets
(CHART) Nonaccrual Loans & Nonperforming Assets 135 ($MM) (CHART) ($MM) (28)% +20% (45)% (17)% +17% (12)% (7)% (52)% NAL Inflows NALs & NPAs - EOP (18)% 62%
Slide 136: Nonperforming Asset Flow Analysis
($MM) 3Q10 2Q10 1Q10 4Q09 3Q09 NPA beginning of period $1,582.7 $1,918.4 $2,058.1 $2,344.0 $2,002.6 Additions / increases 278.4 171.6 237.9 494.6 899.9 Franklin - net impact (244.4) (86.7) 15.0 (31.0) (18.8) Return to accruing status (111.2) (78.7) (80.8) (85.9) (52.5) Loan and lease losses (155.6)
Slide 137: Nonaccrual Loans (NALs) and Nonperforming Assets (NPAs)
Nonaccrual Loans (NALs) and Nonperforming Assets (NPAs) 137
Slide 138: Nonaccrual Loans (NAL) - by Sector
Nonaccrual Loans (NAL) - by Sector 138 (CHART) 9/30/10 9/30/10 6/30/10 6/30/10 $(MM) Amt. No. Amt. No. Commercial > $5 $242.0 29 $339.9 39 $2 - <$5 172.3 63 228.7 81 <$2 462.8 524.1 Subtotal 877.1 1,092.7 Residential Real Estate & Home Equity 104.7 108.7 Total NALs $981.8 $1,201.3
Slide 139: Accruing Restructured Loans
Accruing Restructured Loans 139
Slide 140: Provision, NCO, and ACL
(CHART) Provision, NCO, and ACL 140 ($MM) (1) NCO % annualizedEnd of period (CHART) Allowance for Credit Losses vs.NALs (2) Loan Loss Provision vs.Net Charge-offs (1)
Slide 141: Allowances for Credit Losses (ACL)
Allowances for Credit Losses (ACL) (1) 141 ($MM) 3Q10 3Q10 2Q10 1Q10 4Q09 3Q09 Allowance for loan Allowance for loan and lease losses (ALLL) $1,336.4 $1,402.2 $1,478.0 $1,482.5 $1,032.0 Allowance for unfunded loan Allowance for unfunded loan commitments and LOCs (AULC) 40.1 39.7 49.9 48.9 50.1 Total
Slide 142: Relative Performance - LLR Ratios
(CHART) Relative Performance - LLR Ratios (1) 142 (1) Period end; Exclude Franklin
Slide 143: Relative Performance - NAL/NPL Coverage
(CHART) Relative Performance - NAL/NPL Coverage (1) 143 (1) Period end; Exclude Franklin
Slide 144: Non-Franklin Credit Metrics Reconciliations
Non-Franklin Credit Metrics Reconciliations
Slide 145: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 145
Slide 146: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 146
Slide 147: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 147
Slide 148: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 148
Slide 149: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) 149 (1) Annualized
Slide 150: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) 150 (1) Annualized
Slide 151: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) 151 (1) Annualized
Slide 152: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) 152 (1) Annualized
Slide 153: Nonaccrual Loans, NPAs & Accruing Restructured Loans
Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs) 153
Slide 154: Nonaccrual Loans, NPAs & Accruing Restructured Loans
Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs) 154
Slide 155: Nonaccrual Loans, NPAs & Accruing Restructured Loans
Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs) 155
Slide 156: Nonaccrual Loans, NPAs & Accruing Restructured Loans
Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs) 156
Slide 157: Deposits and Other Funding
Deposits and Other Funding
Slide 158: Total Deposits - By Business Segment
Total Deposits - By Business Segment 158 158 Avg. Balances - $40.6 Billion 3Q10
Slide 159: Deposit Trends Linked Quarter
Deposit Trends 159 Linked Quarter
Slide 160: Deposit Trends Prior-Year Quarter
Deposit Trends 160 Prior-Year Quarter
Slide 161: Total Core Deposit Trends
Total Core Deposit Trends 161
Slide 162: Deposits, Deposit Mix and CD Maturities
(CHART) (CHART) Deposits 162 ($B) Deposit Mix CD Maturities & Avg. Rate on Maturities
Slide 163: Other Funding
(CHART) Other Funding 163 End of Period Balances ($B) $14.6 $13.2 $11.5 $10.7 13% 14% 22% 16% 16% 21% 15% 23% 9% 8% 7% 18% 35% 39% 41% 37% 18% 17% 17% 16% $8.8 14% 27% 2% 35% 22% $8.9 14% 31% 2% 30% 23% $9.0 13% 29% 7% 28% 24% $9.4 13% 25% <1% 30% 32%
Slide 164: Capital
Capital
Slide 165: Capital
Capital (1) 165 3Q10 2Q10 1Q10 4Q09 3Q09 Total risk-weighted assets ($B) $42.7 $42.5 $42.5 $43.2 $44.1 Tier 1 leverage 10.54% 10.45% 10.05% 10.09% 11.30% Tier 1 risk-based capital 12.82 12.51 11.97 12.03 13.04 Total risk-based capital 15.08 14.79 14.28 14.41 16.23 Tang. common equity/ tang. assets 6
Slide 166: Capital Ratios
(CHART) Capital Ratios (1) 166 (1) End-of-period
Slide 167: Shareholders' Equity and Key Equity Ratios
(CHART) Shareholders' Equity - Avg. (CHART) Capital 167 Key Equity Ratios - EOP ($B)
Slide 168: Capital Discussion
Capital Discussion 168 Basel III GuidelinesStill need clarity on US Regulator interpretations and any expected "cushion" above the regulatory thresholdsNew standards are projected to have little impact on our capital ratios after adjustment for trust preferred securities (133 bp of Tier 1 capital)TA
Slide 169: Capital Analysis - 9/30/10
(CHART) Capital Analysis - 9/30/10 169 (CHART) 6.0% (1) 10.0% (1) Source: SNL, Company reports. (1) Regulatory "well-capitalized" threshold Regulatory Total Regulatory Tier 1 TARP repaid bank
Slide 170: Capital Analysis - 9/30/10
(CHART) Capital Analysis - 9/30/10 170 (CHART) Source: SNL, Company reports.(1) Basel III threshold Tier 1 Common Risk-Based Tangible Common Equity TARP repaid bank 7.0% (1)
Slide 171: Franchise
Franchise
Slide 172: Huntington Bancshares Overview
Huntington Bancshares Overview 172 Midwest financial services holding companyFounded - 1866Headquarters - Columbus, OhioTotal assets - $53 billion Employees (1) - 11,279Franchise: Footprint 6 states: OH, MI, PA, IN, WV, KY 608 branches / 1,359 ATMs Retail and Business Banking 5 Areas - Mortgage bank
Slide 173: The Huntington Franchise
The Huntington Franchise 173 Branches 119ATMs 242Detroit 4%Grand Rapids 10% Branches 341ATMs 748Akron 8%Canton 27%Cincinnati 4%Cleveland 5%Columbus 22%Dayton 6%Toledo 23% Youngstown 20% Branches 50ATMs 80Indianapolis 6% Branches 13ATMs 30 Branches 28ATMs 133Charleston 11% Excludes 9 PFG offices (3 i
Slide 174: A Strong Regional Presence
A Strong Regional Presence 174 Source: SNL Financial, company presentations and filings FDIC deposit data as of June 30, 2010 Deposits - Top 12 MSAs MSA Rank BBs Deposits ShareColumbus, OH 1 69 $9,124 22.2%Cleveland, OH 5 62 3,941 7.8Detroit, MI 8 50 3,607 4.2Toledo, OH 1 42 2,306 22.9Pittsburgh, PA
Slide 175: Positioning to Grow Revenues - 2009
Positioning to Grow Revenues - 2009 175 175
Slide 176: Positioning to Grow Revenues - 1Q10
Positioning to Grow Revenues - 1Q10 176 176
Slide 177: Positioning to Grow Revenues - 2Q10
Positioning to Grow Revenues - 2Q10 177 Timing Segment Description # Staff 2Q10 Retail Banking Launched Huntington rebranding and office refurbishment 2Q10 Commercial Banking Director of Commercial Banking - Central Ohio hired 1 2Q10 PFG Opened new office - Wheeling, WV 3 2Q10 PFG Unified Fund Servi
Slide 178: Positioning to Grow Revenues - 3Q10
Positioning to Grow Revenues - 3Q10 178 Timing Segment Description # Staff 3Q10 Auto Finance Launch New England (MA, RI, VT, NH, ME) 5 3Q10 Retail Banking Introduced "Fair Play" banking philosophy and launched 24 Hour Grace TM 3Q10 Retail Banking Signed 15-year agreement with Giant Eagle to rollout
Slide 179: Safe Harbor Disclosures
Safe Harbor Disclosures
Slide 180: Basis of Presentation
Basis of Presentation Use of non-GAAP financial measuresThis presentation 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,
Slide 181: Basis of Presentation - Significant Items
Basis of Presentation Significant ItemsFrom 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 associated with ordinary banking activities, are so unusually large that their outsize
Slide 182: Basis of Presentation - Fully-Taxable Equivalent
Fully-taxable equivalent interest income and net interest marginIncome from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt munic
Slide 183: Forward-Looking Statements
This presentation contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties.Actual results could differ materially from those contained or implied by such statements for
Slide 184: Pi | it
Pi | it v, a) Huntington C Welcome”
Huntington Bancshares — Investor Presentation (November 2010) on 6ix