Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — 2024 Barclays Global Financial Services Conference
15 slides from Huntington Bancshares's conference presentation, Sep 9, 2024
Slide 1: 2024 Barclays Global Financial Services Conference
Welcome.® 2024 Barclays Global Financial Services Conference September 9, 2024 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares 2024 Barclays Global Financial Services Conference Incorporated. ©2024
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 Leveraging position of strength to execute organic growth strategies, supported by 1 robust liquidity and capital base Delivering high-quality loan and deposit growth, through performance in core businesses 2 and new markets and verticals Driving net interest income higher, supported by
Slide 5: Loans and Deposits | Balanced and Diversified Growth
Loans and Deposits | Balanced and Diversified Growth Loans Cumulative Average Growth QTD Trends Through 8/31: Total EOP Loans 3Q QTD(1): +$0.8B Ex CRE +$0.8B increase in average loans, including: (Ex CRE: +$1.1B) $112.5 -$0.4B decline in CRE balances +2.5% $108.1 Huntington -$0.8B seasonally l
Slide 6: Net Interest Income | Driving Sequential Growth
Net Interest Income | Driving Sequential Growth Net Interest Income (FTE) and Net Interest Margin (NIM) Net Interest Income Net… Net Interest Margin $1,357 $1,379 $1,327 $1,325 $1,300 3.11% 3.20% 3.07% 3.01% 2.99% Expect NII growth and maintaining FY24 guidance range 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q
Slide 7: Asset Quality and Reserve | Top Tier Credit Performance
Asset Quality and Reserve | Top Tier Credit Performance Robust Client Selection Net Charge-off Ratio(1) and Underwriting HBAN Peer Median Through the Cycle Target NCO Range (25 – 45bps) 0.38% 0.40% 0.42% Consumer – 44% of total loans 0.35% 0.31% Prime, super-prime focus with ~770 weighted average
Slide 8: Disciplined Management Approach
Disciplined Management Approach Leveraging robust liquidity to execute organic growth initiatives inclusive of new geographies and commercial verticals Delivering high-quality loan growth and expanding deposit balances Executing down-beta action plan Reducing asset sensitivity and maintainin
Slide 9: Executing on New Growth Initiatives
Executing on New Growth Initiatives Summary of Recent Growth Initiatives Commercial Specialty Verticals Bolstered Fee Capabilities Native Launched Secured Credit Card HOA, Title, Mortgage Mortgage Fund Healthcare American Finance ABL Financial & Escrow Servicing Servicing In-House Merchant Acqui
Slide 10: Successfully Executing Carolina Expansion Strategy
Successfully Executing Carolina Expansion Strategy Commercial-led Expansion Building on existing coverage of corporate and Raleigh / specialty banking Triad Durham Managing relationships locally and leveraging Charlotte national expertise Focused on middle market, corporate and Upstate S.C. sp
Slide 11: Capitalizing on Carolina Growth Opportunity
Capitalizing on Carolina Growth Opportunity Sizeable deposit markets with outsized growth projections Top 20 HBAN Regions by Deposit Market Size(1) 1.5% Charleston Raleigh/Durham Carolina Expansion Markets Charlotte Acquired Expansion Regions Upstate S.C. Existing HBAN Regions # Deposit Market Share
Slide 12: Bringing the Full Huntington Franchise to the Carolinas
Bringing the Full Huntington Franchise to the Carolinas Commercial Focused Expanding Full Huntington Launch (4Q23) Franchise (2025+) Building Middle Market and SBA Deploying proven de novo playbook and bringing complete franchise with deep local expertise Huntington franchise to 6 Carolina regions a
Slide 13: Executing Proven De Novo Branch Playbook
Executing Proven De Novo Branch Playbook Optimized Performance Innovative Experience Proprietary models select for A+ locations with high traffic, Environments that spotlight our value proposition with visibility, convenience, and growth potential an immersive experience that invites customers t
Slide 14: Key Messages
Key Messages Leveraging position of strength to execute organic growth strategies, supported by 1 robust liquidity and capital base Delivering high-quality loan and deposit growth, through performance in core businesses 2 and new markets and verticals Driving net interest income higher, supported by
Slide 15: Notes
Notes Slide 5: (1) Average QTD growth as of 8/31/24 (2) As of 2Q24 Slide 7: (1) Source: Company Financials. Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB. (2) As of 2Q24 (3) Source: Company Second Quarter 2024 Form 10Q's. Includes publicly listed US-based banks with >$50
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