Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — 2023 Goldman Sachs US Financial Services Conference
19 slides from Huntington Bancshares's conference presentation, Dec 6, 2023
Slide 1: 2023 Goldman Sachs US Financial Services Conference
Welcome.® 2023 Goldman Sachs US Financial Services Conference The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2023 Huntington Bancshares Incorporated. December 6, 2023
Slide 2: Disclaimer: Caution Regarding Forward-Looking Statements
22023 Goldman Sachs US Financial Services Conference 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, pro
Slide 3: Huntington: A Purpose-Driven Company
2023 Goldman Sachs US Financial Services Conference Huntington: A Purpose-Driven Company 3 OUR PURPOSE We make people’s lives better, help businesses thrive, and strengthen the communities we serve OUR VISION To be the leading People-First, Digitally Powered Bank Purpose and Vision Linked to Busines
Slide 4: Key Messages
2023 Goldman Sachs US Financial Services Conference Key Messages 4 Rigorously managing credit quality, supported by disciplined client selection, underwriting, and portfolio management, aligned with our aggregate moderate-to-low risk appetite3 Driving capital ratios higher and managing CET1 ratio in
Slide 5: Year in Review: Demonstrated Strength and Stability
2023 Goldman Sachs US Financial Services Conference 2023 Year in Review: Demonstrated Strength and Stability 5 Financial Performance Maintained loan growth, with YTD loan growth of $1.3 billion, or 1%, vs. peer median decline of 2%(4) Delivered consistent YTD average deposit growth of $2.5 billi
Slide 6: Operating from a Position of Strength
2023 Goldman Sachs US Financial Services Conference Operating from a Position of Strength 6 Peers include CFG, CMA, FITB, KEY, MTB, PNC, RF, TFC, USB, ZION See reconciliation on slide 17 (ROTCE), and notes on slide 19 Capital CET1 + ACL 3Q23 Deposits / Liquidity Liquidity(3) as % of Uninsured Deposi
Slide 7: Driving Capital Levels Higher
2023 Goldman Sachs US Financial Services Conference 7.0% 7.3% 7.9% 8.1% 8.0% 2.3% 2.1% 1.6% 1.7% 2.1% 9.3% 9.4% 9.6% 9.8% 10.1% 3Q22 4Q22 1Q23 2Q23 3Q23 CET1 Adj. AOCI Adj. Driving Capital Levels Higher CET1 Ratio 7 Supporting modest loan growth, optimized for the highest return profile Managing
Slide 8: Credit Quality Continues to be a Strength
2023 Goldman Sachs US Financial Services Conference 0.32% 0.28% 0.20% 0.12% 0.07% 0.03% 0.15% 0.17% 0.19% 0.16% 0.24% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 1.70% 2.17% 2.09% 2.01% 1.89% 1.87% 1.87% 1.89% 1.90% 1.90% 1.93% 1.96% 1.51% 2.00% 1.80% 1.69% 1.60% 1.56% 1.44% 1.44% 1.45% 1
Slide 9: Growing Core Deposit Base and Managing Liquidity
2023 Goldman Sachs US Financial Services Conference Total Change YoY ($M) 573 7,729 (303) 2,473 2,963 4,470 1,481 10,140 14,747 7,758 10,237 Peer 1 Peer 2 Peer 3 Peer 4Peer 5 Peer 6 Peer 7 -25 -20 -15 -10 -5 0 5 20 25 30 35 40 45 50 De po sit G ro w th (% ) Deposit Beta (%) 1.6% 1.9% 2.1% 2.9% 2.9%
Slide 10: Commercial Bank: Comprehensive Strategy to Drive Organic Growth
2023 Goldman Sachs US Financial Services Conference Commercial Bank | Comprehensive Strategy to Drive Organic Growth $55B Loan Portfolio Specialty Banking Top 5 Franchise Lender(1) Top 10 Healthcare Lender(1) Asset Finance #6 Equipment Finance (2) Top 10 Domestic Asset Based Lending (1) Capi
Slide 11: Seizing Opportunity: Expansion into High Growth Regions
2023 Goldman Sachs US Financial Services Conference Seizing Opportunity | Expansion into High Growth Regions 11 Executing Long-term Growth Strategy Well positioned to gain market share in large, growing region with high deposit levels Hired lead executive and teams in Commercial-led expansion
Slide 12: Specialty Banking: Expanding Capabilities and Expertise
2023 Goldman Sachs US Financial Services Conference Specialty Banking | Expanding Capabilities and Expertise 12 Industry Verticals Adding New Verticals Healthcare ABL Native American Financial Services High growth industry with strong deposit levels Hired executive in November to lead experience
Slide 13: Appendix
Appendix Welcome:
Slide 14: Use of Non-GAAP Financial Measures
142023 Goldman Sachs US Financial Services Conference 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
Slide 15: Basis of Presentation
152023 Goldman Sachs US Financial Services Conference 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 bankin
Slide 16: AOCI Recapture
2023 Goldman Sachs US Financial Services Conference AOCI Recapture 16 High Quality, Short Duration Securities Portfolio AOCI Burndown(1) ($3.6) ($2.8) ($2.4) ($2.0) 3Q23 YE24 YE25 YE26 32% 40% Steadily shortening duration net of hedges Increasing readily available liquidity Positioning securit
Slide 17: Non-GAAP Reconciliation: ROTCE
2023 Goldman Sachs US Financial Services Conference Non-GAAP Reconciliation Average tangible common equity, ROTCE ($ in millions) 3Q23 Average common shareholders’ equity $16,256 Less: intangible assets and goodwill 5,722 Add: net tax effect of intangible assets 34 Average tangible common shareholde
Slide 18: Non-GAAP Reconciliation: CET1
2023 Goldman Sachs US Financial Services Conference 18 Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 3Q22 4Q22 1Q23 2Q23 3Q23 Common Equity Tier 1 (A) $12,859 $13,290 $13,588 $13,885 $14,211 Add: accumulated other comprehensive income (loss) (AOCI) (3,276) (3
Slide 19: Notes
2023 Goldman Sachs US Financial Services Conference Notes 19 Slide 5: (1) Treasury Management Fees, gross excluding earnings credit rate (2) For J.D. Power 2023 award information, visit jdpower.com/awards (3) By number (units) of 7(a) loans nationally (4) Loan growth and average deposit growth 12/31
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