Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q4 2024 Earnings Presentation
64 slides from Huntington Bancshares's earnings presentation, Jan 17, 2025
Slide 1: 2024 Fourth Quarter Earnings Review
Welcome.® 2024 Fourth Quarter Earnings Review January 17, 2025 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2025 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 Drove record fee revenues and accelerated growth of loans and deposits, supported by 1 core businesses and successful execution of new initiatives Closed the year with robust momentum and expect record net interest income and fee 2 revenue in FY2025 Disciplined execution of deposit pric
Slide 5: 2024 Review | Delivered Robust Organic Growth
2024 Review | Delivered Robust Organic Growth Strategic Highlights FY2024 4Q24 Grew the core • Consumer and Business PBRs(1) grew 2% and 3% YoY EPS $1.22 $0.34 respectively • Numerous existing businesses expanded in the quarter, including auto, regional banking, asset finance, & auto floorplan ROT
Slide 6: Revenue and PPNR | Driving Year-Over-Year Profit Growth
Revenue and PPNR | Driving Year-Over-Year Profit Growth Total Revenue (FTE) Pre-Provision Net Revenue (PPNR) $1,989 $21 +10% $1,895 $808 $8 Total Revenue (Adj)(1) +17% $1,825 Adjustments $18 $1,811 $689 $9 Total Revenue (FTE) PPNR (Adj)(1) $1,769 $79 Adjustments $2 PPNR $305 $1,968 $1,887 $790 $1,81
Slide 7: 2025 Management Focus
2025 Management Focus Execute Continue to drive the core and build upon success of new initiatives to drive Organic acquisition of primary bank relationships Growth Invest in the business while managing expenses and driving positive operating leverage Deliver leading loan growth with attractiv
Slide 8: 2024 Fourth Quarter Financial Performance
2024 Fourth Quarter Financial Performance Key Metrics GAAP Highlights EPS $0.34 GAAP EPS of $0.34, notable items include a $3 million FDIC DIF special assessment credit GAAP Adjusted(1) ROTCE 16.4% 16.3% Executed $1 billion securities repositioning with a < 2-year payback, that resulted in a $21
Slide 9: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Loan and Lease Balances (Average) Highlights Average loan growth of 2.9% QoQ, or 11.7% annualized Drivers of fourth quarter loan growth +5.7% $128.2 $130.0 • ~30% of 4Q growth (ex CRE) from New Initiatives $124.5 • Auto benefitting from sustaine
Slide 10: Delivering Peer Leading Organic Growth
Delivering Peer Leading Organic Growth Loan and Deposit Growth (EOP)(1) Loan Growth (Average - Cumulative) Peers at 3Q24 Top/Bottom Quartile +6.1% +3.1% HBAN 8% HBAN (4Q24) 6% HBAN (3Q24) 4% Peer median(1) Peer 1 -2.9% Peer 2 YoY Loan Growth 2% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Peer 3 0% Peer 4 Peer 5 D
Slide 11: Deposits | Continued Sequential Growth
Deposits | Continued Sequential Growth Deposit Balances (Average) Highlights Drove 24bp decline in total cost of deposits • Lowered acquisition rates for new deposits +6.5% $162.4 • Shortened duration of time deposits $159.4 $156.5 • Implemented down rate pricing in existing portfolios $153.6 $150
Slide 12: Delivering Sustained Net Interest Income Growth
Delivering Sustained Net Interest Income Growth Net Interest Income (FTE) and Net Interest Margin (NIM) Net Interest Income Net Interest Margin $1,409 +6.2% $1,364 $1,327 $1,325 $1,300 Expect Record 3.07% 3.01% 2.99% 2.98% 3.03% FY25 Net Interest Income 4Q23 1Q24 2Q24 3Q24 4Q24 Highlights NIM Rollfo
Slide 13: Securities Portfolio
Securities Portfolio Securities + Cash(1) - Average 4Q24 Highlights Purchased $3.8 billion of securities at a 4.31% yield Securities yields of 4.10% decreased 17bps QoQ and 13bps YoY $57.8 $57.4 $55.2 37% of portfolio classified as HTM to protect capital $52.6 $50.8 AFS portfolio hedged with
Slide 14: Balance Sheet Hedging Program Overview
Balance Sheet Hedging Program Overview Hedging Program Profile – Effective Swaps(1) Future Effective Swap Profile $6.0 $6.0 NIM Protection: $6.0 Reduces volatility & $6.0 $6.0 $5.0 $5.0 $5.5 $6.0 supports a narrow $25.9 $26.4 Floor Spreads corridor in lower rate $20.3 $23.4 $16.8 $16.8 $17.4 $18.4 $
Slide 15: Noninterest Income | Diversified Fee Revenues
Noninterest Income | Diversified Fee Revenues Noninterest Income Trends Total Adjusted Noninterest Income by Category(2) FY23 FY24 4Q23 1Q24 2Q24 3Q24 4Q24 Total Noninterest Income (GAAP) $1,921 $2,040 $405 $467 $491 $523 $559 Net Gain / (Loss) on sale +20% $(7) $(21) $(3) - - - $(21) $67 All Other(
Slide 16: Adjusted Noninterest Income | Strategic Fee Revenue Focus Areas
Adjusted Noninterest Income | Strategic Fee Revenue Focus Areas 1 Payments & Cash Management Commercial Payments Revenues (inc. TM) Merchant Acquiring 28% Treasury management penetration continues % Total to increase through deepening efforts Revenue(1) 26% $2,080 Sustained volume growth across
Slide 17: Noninterest Expense | Disciplined Expense Management
Noninterest Expense | Disciplined Expense Management Noninterest Expense (NIE) Highlights Notable Items NIE excluding Notable Items vs Linked Quarter $1,600 Reported NIE increased $48 million, or 4.2% $1,348 $1,400 $1,137 • $3 million Notable item related to FDIC DIF special $1,117 $1,130 $1,178 $
Slide 18: Capital Positioning | Robust Capital Generation
Capital Positioning | Robust Capital Generation CET1 Ratio Highlights Target operating range 9-10% AOCI Adj. for Cash Flow Hedges Capital Priorities include: CET1 Adj.(1) 1) Fund Organic Growth 10.2% 10.2% 10.4% 10.4% 10.5% 2) Dividend 3) Buybacks/other 1.6% 1.7% 1.8% 1.5% 1.8% Expect to deploy
Slide 19: Asset Quality | Top Tier Credit Performance
Asset Quality | Top Tier Credit Performance Net Charge-off Ratio(1) HBAN Peer Median Top/Bottom Quartile Range 0.48% 0.40% 0.42% 0.38% 0.32% 0.35% 0.28% 0.31% 0.22% 0.25% 0.20% 0.19% 0.30% 0.14% 0.15% 0.16% 0.31% 0.30% 0.29% 0.30% 0.30% 0.24% 0.19% 0.17% 0.19% 0.15% 0.16% 0.13% 0.12% 0.07% 0.03% 1Q2
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% 4.48% 4.47% 4.34% 4.2 0% 4.0 0% 4.31% 4.07% 4.09% 3.97% 3.97% 3.8 0% 3.76% 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 1Q
Slide 21: 2025 Outlook
2025 Outlook FY25 vs. FY24 Guidance Commentary As of 1/17/25 Average Loans Reflective of contribution from both existing and Up 5% - 7% FY24 Baseline = $124.5 billion new businesses Average Deposits Acquiring and deepening primary bank Up 3% - 5% FY24 Baseline = $155.1 billion relationships, driving
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) Pre-Provision Net Revenue Percent Change FY2023 FY2024 4Q23 1Q24 2Q24 3Q24 4Q24 ($ in millions) 4Q24 vs. 4Q23 Total revenue (GAAP) $7,360 $7,385 $1,721 $1,754 $1,803 $1,874 $1,954 FTE adjustment 42 53 11 13 13 13 14 Total revenue (FTE) A 7,402
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 4Q23 1Q24 2Q24 3Q24 4Q24 Average common shareholders’ equity $16,275 $16,819 $16,861 $17,719 $17,979 Less: intangible assets and goodwill 5,710 5,697 5,685 5,674 5,662 Add: net tax effect of intangible assets 32 29 25 24 2
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Expense, Efficiency Efficiency Ratio ($ in millions) – Pre-tax 4Q23 1Q24 2Q24 3Q24 4Q24 Noninterest expense (GAAP) $1,348 $1,137 $1,117 $1,130 $1,178 Less: intangible amortization 12 12 12 11 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) 4Q23 1Q24 2Q24 3Q24 4Q24 Common Equity Tier 1 (A) $14,212 $14,283 $14,521 $14,803 $15,127 Add: accumulated other (2,676) (2,879) (2,911) (2,104) (2,866) Comprehensive income (loss) (AOCI) Less: cash flow hedge (36
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Huntington shareholders’ equity $17,731 $18,758 $18,788 $18,483 $19,353 $19,322 $19,515 $20,606 $19,740 Less: preferred stock
Slide 27: Appendix
Appendix 2024 Fourth 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 54 Asset Sensitivity Overview 32 Shares Outstanding 55 Driving Sustained Profitability 33 Tangible Book Value 56 Medium-Term Financial Targets 34 Credit and Capital 57 Preferred Dividends 35 CCAR Stress Test Highli
Slide 31: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook(1) Highlights $ in billions Projecting ~28% total AOCI accretion by YE26 vs 4Q24 level Peak AOCI Loss Dynamically managing hedge position subject to risk profile and market conditions $3.6 $2.9 $2.5 $2.1 Components of Fair Value (FV) Ma
Slide 32: Asset Sensitivity Overview
Asset Sensitivity Overview Net Interest Income Impact in 12Mo Ramp Scenarios Annually Quarterly +4.6% +100 Ramp +3.4% +3.0% +2.0% +2.4% +2.2% +1.0% +1.4% +0.8% -0.5% -100 Ramp -0.3% -1.5% -2.0% -1.6% -2.8% -2.5% -3.1% -4.2% YE2019 YE2020 YE2021 YE2022 YE2023 1Q24 2Q24 3Q24 4Q24 Highlights Balance
Slide 33: Driving Sustained Profitability
Driving Sustained Profitability Pre-Provision Net Revenue (PPNR) PPNR (GAAP) PPNR (Adjusted for Notable Items) $771 $790 $808 $757 $689 $699 $714 $671 $630 $384 4Q23 1Q24 2Q24 3Q24 4Q24 Return on Tangible Common Equity % ROTCE (GAAP) Adj. ROTCE Adj. ROTCE ex AOCI 15.3% 16.2% 16.3% 16.3% 15.1% 12.8%
Slide 34: Medium-Term Financial Targets
Medium-Term Financial Targets PPNR ROTCE Positive Growth 20%+ Operating 6 – 9% Leverage ROTCE ex-AOCI 17% – 19% Adjusted CET1 Ratio: 9 – 10% Operating Net Charge-offs: 25 – 45 bps through the cycle Assumptions Tax Rate: 16 – 19% 2024 Fourth Quarter Earnings Review 34
Slide 35: Estimated Preferred Dividends
Estimated Preferred Dividends Actuals Projected(2) ($ in millions) 3Q24 4Q24(1) 1Q25 2Q25 3Q25 4Q25 Dividends on Preferred Shares $36 $32 $27 $27 $27 $27 (1) Reflects $5M impact from redemption of series E preferred shares in 4Q24 (2) Estimated preferred dividends based on projected interest rates f
Slide 36: 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 3.48 3.55 3.56 3.58 3.59 46% 44% 43% 43% 42% 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 Averag
Slide 37: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary Mortgage Banking Income (MBI) Total Production Mix(2) $120 8% 8% $100 10% 12% 2.04% 24% $80 1.83% 1.83% $60 1.41% 1.07% $38 92% 90% 92% 88% $40 $31 $30 $31 76% $23 $13 $6 $15 $12 $11 $20 $18 $25 $25 $12 $16 $- 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4
Slide 38: Balance Sheet
Balance Sheet 2024 Fourth Quarter Earnings Review 38
Slide 39: Loans and Leases | Accelerated Loan Growth
Loans and Leases | Accelerated Loan Growth Commercial Average Loan and Lease Balances Highlights CRE Loans vs Linked Quarter Commercial Loans Ex. CRE +6.3% Average balances increased $2.7 billion, or 3.9% $68.3 $69.0 $69.1 $71.8 CRE average balances declined 4.0% $67.6 $12.2 $11.7 $11.3 $12.6 $1
Slide 40: Loan Yields | Benefitting From Fixed Rate Re-Pricing
Loan Yields | Benefitting From Fixed Rate Re-Pricing Loan Portfolio Composition (as of 4Q24) 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 49% Residen
Slide 41: Deposits | Non-Interest Bearing (NIB) Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Deposit Balance – End of Period (EOP) Deposit Balance – Average Interest Bearing Interest Bearing Non-Interest Bearing Non-Interest Bearing $153.6 $156.5 $159.4 $158.4 $162.4 $149.7 $150.7 $151.2 $153.2 $154.4 $31.0 $29.7 $31.2 $29.9 $29.6 $28.8 $
Slide 42: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans(1) Portfolio Characteristics Peer Median: 15.4% Peers at 3Q24 Well diversified portfolio with rigorous client selection HBAN 9% CRE reserve coverage 4.3% vs peer median of 2.5% (3Q24) Peer 1 9% Office reserve coverage of 11% P
Slide 43: Commercial Real Estate – Office Portfolio Declining
Commercial Real Estate – Office Portfolio Declining CRE - Office Loan Balances – End of Period (EOP) $2.3 $2.2 $2.0 $1.9 $1.8 $1.8 2.0% $1.7 1.8% $1.6 $1.6 1.6% 1.6% 1.5% 1.4% 1.4% CRE - Office Loans 1.3% 1.2% % of Total Loans 11% 12% 11% 11% 9% 9% 10% 8% 8% CRE - Office ACL Ratio 4Q22 1Q23 2Q23 3Q2
Slide 44: 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 $50B in assets as of 9/30/2024(1) 5.0% HBAN (3Q24) HBAN (4Q24) 4.0% Bank 3 CRE Reserve Ratio (3Q24) Bank 2 3.0% Bank 4 Bank 9 Bank 8 Bank 5 Bank 6 Bank 7 2.0% Bank 10 B
Slide 45: Commercial Real Estate (CRE) – Multi Family Overview
Commercial Real Estate (CRE) – Multi Family Overview Top 5 MSAs (4Q24) Management Approach Balance % of Total Metropolitan Statistical Area (MSA) ($ in millions) Multifamily Portfolio Sponsor-driven strategy focused on experienced Columbus, OH $305 6.8% owners and operators Detroit-Warren-Livonia,
Slide 46: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition (4Q24) Highlights $3.0 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 47: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits(1) Banks at 3Q24 HBAN (4Q24) 69% HBAN (3Q24) 69% Bank 1 61% Bank 2 61% BAC 61% Bank 3 58% C 57% WFC 57% Bank 4 56% Bank 5 56% Bank 6 56% Bank 7 56% Bank 8 56% JPM 55% Bank 9 55% Bank 10 50% See notes on slide 64 2024 Fourth
Slide 48: 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 $94 $95 $95 $98 deposits highlighting the proactive approach to liquidity $12 $13 $13 $13 Cash risk management and strength of our granular de
Slide 49: 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) Off balance sheet liquidity solutions for YoY Annually $70.4 Total commercial customers $67.7 +13% $62.2 $62.7 $64.5 Pro
Slide 50: Auto – Production Trend
Auto – Production Trend Originations 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 Amount ($ in billions) $2.2 $2.4 $2.1 $1.6 $1.2 $1.4 $1.1 $1.5 $1.2 % new vehicles 36% 35% 35% 41% 43% 35% 42% 43% 39% Avg. LTV 87% 87% 85% 84% 84% 86% 87% 87% 85% Avg. FICO 778 780 784 783 782 778 776 781 779 Vintage
Slide 51: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield 6.9% 7.1% 7.2% 6.8% 6.8% 3.00 New Origination Yield 6.9% 6.3% 6.4% Indirect Auto Production 6.1% 6.4% 5.9% 2.50 $2.4
Slide 52: 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 $14.0 $14.6 Strong Credit Quality Auto Loans and % $12.2 $12.5 $12.9 $12.9 $12.5 $12.7 $13.2 of Total Loans $11.0 $8.7 $9.5 Industry knowledge and focus on (EOP)($B) $6
Slide 53: Vehicle Finance – Origination Trends
Vehicle Finance – Origination Trends Auto Loans: 2024 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $8.3 $5.2 $6.1 $6.9 $5.9 $6.1 $5.8 $6.2 % new vehicles 36% 40% 38% 43% 47% 46% 47% 50% Avg. LTV(1) 86% 86% 84% 85% 89% 90% 89% 88% Avg. FICO 781 779 777 772 775 772 766 767 Weighted
Slide 54: Residential Mortgage and Home Equity Origination Trends
Residential Mortgage and Home Equity Origination Trends Residential Mortgage: 2024 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $3.0 $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 763 765 765 768 767 761 758 760 Home Equity: 2024 2023 2022 20
Slide 55: Change in Common Shares Outstanding
Change in Common Shares Outstanding Share Count (In millions) 4Q24 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 Beginning shares outstanding 1,453 1,452 1,449 1,448 1,448 1,448 1,444 1,443 Employee equity compensation 1 1 3 1 0 0 4 1 Share repurchases - - - - - - - - Ending shares outstanding 1,454 1,453 1,45
Slide 56: Tangible Book Value (TBV) per Share
Tangible Book Value (TBV) per Share Tangible Book Value per Share Adjusted TBVPS, ex AOCI TBVPS $10.31 $10.10 $9.90 $9.63 $9.64 $9.76 $9.40 $9.23 $8.96 $8.65 $8.33 $7.79 $7.77 $7.89 $7.32 $7.33 $7.12 $6.82 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Adjusted TBV per Share CAGR 7.2% (4Q22-4Q24) See
Slide 57: Credit and Capital
Credit and Capital 2024 Fourth Quarter Earnings Review 57
Slide 58: CCAR Stress Test Highlights | Top-tier Performance
CCAR Stress Test Highlights | Top-tier Performance CCAR Cumulative Loan Losses as a % of Average Total Loans(1) Pre-TCF Acquisition 2020 2016 2017 2018 2020 Resubmission 2022 2024 Peer 1 4.4% Peer 1 4.2% Peer 1 5.2% HBAN 5.1% Peer 1 5.9% Peer 1 5.7% Peer 1 5.8% Peer 2 4.8% Peer 2 4.3% HBAN 5.3% Peer
Slide 59: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)(1) Peers at 3Q24 13.0% 13.0% 12.8% 12.3% 12.3% 12.2% 12.1% 12.1% 12.0% 1.0% 12.0% 11.8% 1.4% 1.2% 11.6% CET1 + ACL 1.8% 1.5% 1.7% 1.7% 1.3% 1.4% 1.4% 1.1% 1.3% ACL Impact 11.5% 12.0% 11.6% 10.5% 10.8% 10.5% 10.4% 10.8% 10.6% 10.6% 10.
Slide 60: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days(1)) 0.43% 0.39% 0.32% 0.30% 0.28% 0.23% 0.21% 0.19% 0.20% 0.18% 0.18% 0.15% 0.19% 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Commercial (90+ Days(1)) 0.07% 0.05% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.02% 0.01% 0.01% 0.01% 0.01% 4Q21
Slide 61: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days(1)) 2.05% 2.12% 2.02% 1.84% 1.92% 1.81% 1.69% 1.75% 1.74% 1.80% 1.75% 1.76% 1.72% Residential Mortgage 1.33% 1.38% 1.28% 1.31% 1.25% 1.27% 1.18% 1.18% 1.15% 1.19% 1.21% 1.19% Total Consumer 1.14% 1.07% 1.09% 0.91% 0.92% 1.01% 1.01% Automobile 0.89% 0.86% 0.8
Slide 62: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 4Q24 3Q24 2Q24 1Q24 4Q23 Criticized beginning-of-period $4,703 $5,131 $5,496 $5,231 $4,534 Additions / increases 909 1,002 1,044 1,186 1,484 Advances 249 191 192 247 180 Upgrades to “Pass” (650) (817) (680) (599) (280) Paydowns (795)
Slide 63: Notes
Notes Slide 5: (1) PBR: “Primary Banking Relationship” (2) Source: Company Financials. Includes all peers: CMA, FITB, ZION, KEY, MTB, PNC, RF, TFC, CFG, and USB (3) AOCI adjustment aligned to the GSIB reporting requirement - exclusion of AOCI adjusted for cash flow hedges on loan portfolio Slide 6:
Slide 64: Notes
Notes Slide 36: (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 37: (1) End of Period (2) Total production inc
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