Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q3 2009 Earnings Presentation
166 slides from Huntington Bancshares's earnings presentation, Nov 10, 2009
Slide 1: 2009 Fourth Quarter Investor Handout
November 9, 2009 2009 Fourth Quarter Investor Handout 1
Slide 2: Table of Contents
Table of Contents Overview Discussion 3 2009 Third Quarter Overview 8 Quarterly Financial Review 12 Significant items impacting comparisons 14 Income Statement 15 Pre-tax, pre-provision income 16 Net interest margin 17 Noninterest income 20 Noninterest expense 23 Efficiency Ratio / Operating leverag
Slide 3: Overview Discussion
Overview Discussion (Huntington —
Slide 4: 2009 Third Quarter Highlights
2009 Third Quarter Highlights $166.2 million reported net loss or $(0.33) EPS $237.1 million pre-tax, pre-provision income (1), up $7.8 million, or 3%, linked-quarter 3.20% net interest margin, up 10 bps linked-quarter Significantly strengthened capital $587.3 million of capital issuances during the
Slide 5: 2009 Third Quarter Highlights
2009 Third Quarter Highlights Credit actions contributed to higher residential mortgage net charge- offs, commercial loan nonaccruals, and provision for credit losses Over 55% of newly identified nonaccrual commercial loans were <30 DPD 2.90% period end allowance for credit losses, up 39 bps linked-
Slide 6: 2009 Fourth Quarter Outlook
2009 Fourth Quarter Outlook No significant economic turnaround expected by year-end Net charge-offs, provision expense, and loan loss reserves are expected to remain elevated, reflecting our continued efforts to aggressively address problem loan identification, recognition, and resolution Net intere
Slide 7: Important Messages
Important Messages All of our actions are focused on returning Huntington to profitable performance as soon as possible Making progress on improving pre-tax, pre-provision performance Continuing to make progress in lowering loan portfolio risk profile We will continue to seek prudent opportunities t
Slide 8: 2009 Third Quarter Overview
2009 Third Quarter Overview 8
Slide 9: 3Q09 Earnings Summary
3Q09 Earnings Summary After-tax EPS Net loss $(166.2) MM Net loss applicable to common shares $(195.4) MM $(0.33) Significant Items Favorable/(Unfavorable) Earnings (1) EPS (2) None $ -- $ -- (1) Impact on GAAP earnings; pre-tax unless otherwise noted (2) After tax; EPS reflected on a fully diluted
Slide 10: Pre-tax, Pre-provision Income
Pre-tax, Pre-provision Income (1) $7.8 MM Linked-Quarter Increase Reflected: Better/(Worse) Higher net interest income $12.9 MM Higher service charges on deposits 5.5 Higher electronic banking income 3.5 Lower mortgage banking income (9.4) Higher OREO and foreclosure expense (12.4) All other 7.7 10
Slide 11: Quarterly Performance Highlights
Quarterly Performance Highlights 3Q09 2Q09 1Q09 4Q08 3Q08 EPS $(0.33) $(0.40) $(6.79) $(1.20) $0.17 Pre-tax pre-provision income ($MM) (1) $237.1 $229.3 $224.6 $195.1 $289.4 Net interest margin 3.20% 3.10% 2.97% 3.18% 3.29% Efficiency ratio (2) 61.4% 51.0% 60.5% 64.6% 50.3% Loan & lease growth (3) (
Slide 12: 2009 - 2008 Quarterly Financial Review
2009 - 2008 Quarterly Financial Review 12
Slide 13: Quarterly Earnings
Quarterly Earnings (sy) Net interest income Provision Noninterest income Noninterest expense Pre-tax income/(loss) Net Income/(loss) EPS NM - not meaningful Change Better (Worse) Ws. 2009 3008 309 2009 308 Amt. ‘Amt. Pot. $3628 $ 1499 $3886 [$ 129 |$ (258) (7) % (475.1) (413.7) (125.4) (61.4) | (49.
Slide 14: Quarterly Significant Items Impacting Comparisons - Reconciliation
2009 - 2008 Quarterly 14 Significant Items (1) Impacting Financial Performance Comparisons - Reconciliation
Slide 15: Income Statement
Income Statement Huntington —
Slide 16: Pre-tax, Pre-provision Income - Reconciliation
Pre-tax, Pre-provision Income - Reconciliation (1) 16
Slide 17: Net Interest Margin
Amount 1Q04 0.0336 2Q04 0.0329 3Q04 0.033 4Q04 0.0338 0.0332 1Q05 0.0331 2Q05 0.0336 3Q05 0.0331 4Q05 0.0334 1Q06 0.0332 2Q06 0.0334 3Q06 0.0322 4Q06 0.0328 1Q07 0.0336 2Q07 0.0326 3Q07 0.0352 4Q07 0.0326 1Q08 0.0323 2Q08 0.0329 3Q08 0.0329 4Q08 0.0318 1Q09 0.0297 2Q09 0.031 3Q09 0.032 Amount 1Q04 2
Slide 18: Net Interest Margin - Yields & Rate Trends
Net Interest Margin - Yields & Rate Trends 18 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 E/A Yield 0.0572 0.0542 0.0523 0.0511 0.0489 0.0476 0.0489 0.0505 0.0521 0.0552 0.0572 0.0601 0.0621 0.0655 0.0673 0.06
Slide 19: Net Interest Income at Risk
Net Interest Income at Risk (1) Forward Curve +2%, -2%, & -1% Gradual Change in Rates Managing Interest Rate Risk 2% Rate Rise 2% Rate Fall 1% Rate Fall 2Q01 -0.021 3Q01 -0.017 4Q01 -0.012 1Q02 -0.016 2Q02 -0.013 3Q02 -0.005 4Q02 -0.007 -0.002 1Q03 -0.006 -0.001 2Q03 -0.008 -0.001 3Q03 -0.01 -0.003
Slide 20: Noninterest Income Trends Linked Quarter
Noninterest Income Trends 20 Linked Quarter
Slide 21: Noninterest Income Trends Prior-year Quarter
Noninterest Income Trends 21 Prior-year Quarter
Slide 22: Mortgage Banking Income
Mortgage Banking Income ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 Origination & secondary marketing $16.5 $31.8 $30.0 $7.2 $7.6 Servicing fees 12.3 12.0 11.8 11.7 11.8 Amortization of capitalized servicing (10.1) (14.4) (12.3) (6.5) (6.2) Other mortgage banking income 4.1 5.4 9.4 3.0 3.5 Sub-total 22.9 34.8 38
Slide 23: Noninterest Expense Trends Linked Quarter
Noninterest Expense Trends Linked Quarter 23
Slide 24: Noninterest Expense Trends Prior-year Quarter
Noninterest Expense Trends 24 Prior-year Quarter
Slide 25: Noninterest Expense Trends
Noninterest Expense Trends Personnel Other 1Q08 201.943 149.621 2Q08 199.991 177.812 3Q08 184.827 154.169 4Q08 196.785 193.309 1Q09 175.932 191.124 2Q09 171.735 164.016 3Q09 172.152 228.945 4Q07 11925 1Q08 11787 2Q08 11251 3Q08 10901 4Q08 10951 1Q09 10540 2Q09 10342 3Q09 10194 Noninterest Expense (1
Slide 26: Efficiency Ratio Trends
2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 Efficiency Ratio - Reported 0.569 0.503 0.646 0.605 0.51 0.614 Efficiency Ratio - Adjusted 0.54 0.496 0.837 0.598 0.604 0.608 Efficiency Ratio Trends (1) Reported revenue and expenses adjusted for automobile operating lease expense and other items affecting comparabilit
Slide 27: Operating Leverage & Efficiency Ratio Trends
Operating Leverage & Efficiency Ratio Trends 27
Slide 28: Balance Sheet
Balance Sheet (Huntington —
Slide 29: Balance Sheet — Assets
Balance Sheet — Assets Change 2000, 2008, September 08 8.08, mons) ‘Seplember 30, December, Saplember 50, — Amount — Percent Aecets ‘Cash and due fom banks Sages aor sors 9st 108.0% Federal funds sold and securities purchased under resale agreements s EN 270 210) 100.0% Interest bearing deposits in
Slide 30: Balance Sheet - Liabilities & Shareholders' Equity
Balance Sheet - Liabilities & Shareholders' Equity 30
Slide 31: Investment Securities
Investment Securities Huntington
Slide 32: Investment Securities
Investment Securities 4Q05 0.146 1Q06 0.155 2Q06 0.158 3Q06 0.155 4Q06 0.138 1Q07 0.134 2Q07 0.123 3Q07 0.099 4Q07 0.095 1Q08 0.094 2Q08 0.097 3Q08 0.098 4Q08 0.094 1Q09 0.0950376 2Q09 0.1167 3Q09 0.1458 Investment Securities Average Balances % of Average Earning Assets ($MM) Investment Securities 4
Slide 33: AFS Securities Overview - 9/30/09
AFS Securities Overview - 9/30/09 33
Slide 34: Investment Securities Trends Linked Quarter - EOP
Investment Securities Trends Linked Quarter - EOP 34 Treasury/Agency debt with final maturities of two years or less Agency CMOs with average maturities of three years or less
Slide 35: Investment Portfolio Performance
Investment Portfolio Performance Portfolio is growing reflecting liquidity build Investing primarily in AAA rated agencies Three areas of the investment portfolio have produced all of our OTTI with most of the mark recorded through OCI Any further impairment charges are limited to expected credit lo
Slide 36: Investment Securities - Assessment
Investment Securities - Assessment (1) 36 Par Value Book Value Market Value OCI Alt-A mortgage backed $231 MM $186 MM $166 MM $(20) MM - Purchased 2006 % to Par Value 72% - 13 securities - senior tranche - 10/1 ARMs or 15 / 30 year fixed; no option ARMs - Cash flow analysis performed monthly to test
Slide 37: Available for Sale Securities Mix
Mortgage Backed Agency Asset Backed Muni's Treasuries TLGP Debt Other 12/31/03 0.448 0.234 0.13 0.088 0.061 0 0.039 12/31/04 0.337 0.228 0.283 0.098 0.005 0 0.049 12/30/05 0.3695 0.0732 0.3952 0.1204 0.0043 0 0.0374 12/31/06 0.429 0.034 0.362 0.136 0.001 0 0.038 12/31/07 0.521 0.033 0.193 0.154 0 0
Slide 38: Investment Securities - Credit Quality
AAA AA A BBB Not Rated / BBB- and lower FRB & FHLB Stock 12/03 0.798 0.088 0.057 0.022 0.018 0.017 12/04 0.6 0.09 0.25 0.05 0.01 0.02 12/05 0.581 0.145 0.235 0.038 0 0.02 12/06 0.8233 0.062 0.094 0.021 0 0.035 12/07 0.891 0.047 0.057 0.001 0.004 0.093 12/08 0.689 0.142 0.076 0.016 0.077 0.099 9/09 0
Slide 39: Loan Portfolio Overview
Loan Portfolio Overview Huntington —
Slide 40: Credit Exposure Composition
Credit Exposure Composition ($B) 9/30/09 9/30/09 9/30/09 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 12/31/05 12/31/05 12/31/05 Amt Pct Amt Pct Amt Pct Amt Pct Amt Pct Commercial & industrial $12.5 33 % $13.5 33 % $13.1 33 % $7.8 30 % $6.8 28 % Commercial real es
Slide 41: Credit Portfolio Overview
Other 0.0801 Kentucky 0.0262 Florida 0.0301 West Virginia 0.0467 Pennsylvania 0.0589 Indiana 0.0615 Michigan 0.147 Ohio 0.5493 Credit Portfolio Overview EOP Outstandings - $37.3 Billion (1) ($B) 41 By State $20.5 $5.5 $2.3 $1.1 $2.2 $1.7 $1.0 $3.0 (1) 9/30/09
Slide 42: Loan and Lease Trends Linked Quarter - Average
Loan and Lease Trends Linked Quarter - Average 42
Slide 43: Loan and Lease Trends Prior-year Quarter - Average
Loan and Lease Trends Prior-year Quarter - Average 43
Slide 44: Total Loans - By Business Segment
Total Loans - By Business Segment ($B) Regional & Business Banking Commercial Banking Commercial Real Estate AFDS PFG Treasury / Other Total C&I $3.3 $7.1 $0.5 $1.0 $1.1 $-- $12.9 CRE 1.4 0.9 6.4 -- 0.2 -- 8.9 Total commercial 4.8 8.0 6.9 1.0 1.2 -- 21.8 Automobile loans/leases -- -- -- 3.2 -- -- 3.
Slide 45: Total Commercial Loans
Total Commercial Loans (Huntington —
Slide 46: Total Commercial Loans By Industry Sector
Public Admin & Other 0.0086 Agriculture 0.0098 Energy 0.0198 Wholesale Trade 0.0372 Transportation 0.0376 Construction 0.0526 Retail Trade 0.0849 Manufacturing 0.1069 Services 0.2274 Finance, Insurance, RE 0.4152 Total Commercial Loans By Industry Sector EOP Outstandings - $21.3 Billion (1) 46 $8.8
Slide 47: Total Commercial Loans by Size
< $5 MM 40532 $5+ MM 791 Total Commercial Loans # of Loans by Size Loans by Dollar Size (1) $5 MM - < $10 MM 458 $10 MM - < $25 MM 279 $25 MM - < $50 MM 46 > $50 MM 8 Total 791 EOP Outstandings - $21.3 Billion (1) < $5 MM 0.567 $5 MM - < $10 MM 0.1504 $10 MM - <$25 MM 0.1931 $25 MM - < $50 MM 0.0651
Slide 48: Commercial Loans - Risk Grade Distribution
Commercial Loans - Risk Grade Distribution by % 48 Risk Grade 1-3 (A1) 4 (Ba1) 5 (Ba2) 6 (Ba3) 7 (B1) 8 (B2) 9 (OLEM) 10+ (Classified) Q308 0.03 0.12 0.14 0.22 0.2 0.15 0.04 0.1 Q408 0.03 0.12 0.14 0.22 0.2 0.15 0.04 0.1 Q109 0.03 0.11 0.14 0.22 0.2 0.16 0.04 0.1 Q209 0.02 0.1 0.13 0.18 0.19 0.18 0.
Slide 49: Commercial Loan Delinquencies
Commercial Loan Delinquencies (1) 30+ Days 90+ Days With 1Q08 0.0018 2Q08 0.0014 3Q08 0.0035 4Q08 0.003 1Q09 0 2Q09 0 3Q09 0.0001 With 1Q08 0.016 2Q08 0.0106 3Q08 0.0145 4Q08 0.0166 1Q09 0.0095 2Q09 0.0125 3Q09 0.0113 (1) Period end; delinquent but accruing as a % of related outstandings at EOP 49
Slide 50: Commercial and Industrial Loans (C&I)
Commercial and Industrial Loans (C&I) 50
Slide 51: C&I - Portfolio Composition By Industry
51 Other 0.0021 Public administration 0.0098 Agriculture and forestry 0.015 Energy 0.0309 Contractors & construction 0.0368 Transportation, communication & utilities 0.0558 Wholesale Trade 0.06 Retail trade- auto dealers 0.0601 Retail trade- other 0.077 Finance, insurance & real estate 0.1693 Manufa
Slide 52: C&I - Portfolio Composition By Obligor Size
52 <$500M 0.2225 $500M - <$1MM 0.1013 $1MM - <$5MM 0.3062 $5MM - <$10MM 0.1441 $10MM - <$20MM 0.1248 $20MM - <$50MM 0.0721 $50MM and greater 0.029 C & I - Portfolio Composition By Loan Outstanding Obligor Size & Number of Obligors 52 5 33 117 260 1,830 1,802 29,960 EOP Outstandings - $12.5 Billion (
Slide 53: C&I - Change Analysis
C&I - Change Analysis ($MM) Total C&I June 30, 2009 balance $13,320 New originations 351 Net pay-offs / takedowns (1,013) Charge-offs (69) Classification changes (42) September 30, 2009 balance $12,547 53 By Activity
Slide 54: C&I - Overview and Credit Quality Trends
EOP Outstandings - $12.5 Billion (2) Diversified by sector and geographically within our Midwest footprint Granular 5 loans >$50 million... 3% of portfolio 30 loans $20-$50 million... 7% of the portfolio Focus on middle market companies with $10-$100 MM in sales 3Q09 portfolio originations associate
Slide 55: C&I - Credit Quality By Segment
55 By Segment - 9/30/09 55 C & I - Credit Quality ($MM) O/S 30+ PD Accruing Class. NAL's ACL C & I (Excluding segments below) $11,417 0.83% 9.71% 4.42% 3.02% Residential homebuilder related 455 0.58 25.59 8.81 5.87 Construction & contractors 460 2.13 16.01 7.20 4.27 Auto industry suppliers 215 2.36
Slide 56: C&I - Credit Quality
56 C & I - Credit Quality 56 Net Charge-offs Net Charge-offs Net Charge-offs Nonaccrual Loans Nonaccrual Loans ($ MM) Amount Pct. (2) % of Total Amount Pct. (3) Services $14.1 1.41% 20.5% $171.2 4.4% Manufacturing 16.6 2.97 24.1 166.4 7.7 Finance, insurance & real estate 10.3 1.90 14.9 95.2 4.5 Reta
Slide 57: C&I - Auto Industry
57 C & I - Auto Industry (1) Outstandings (2) ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 Suppliers Domestic $ 184 $ 196 $ 209 $ 182 $ na Foreign 31 33 33 33 na Total suppliers 215 229 242 215 226 Dealers Floorplan-domestic 298 444 549 553 na Floorplan-foreign 252 339 395 408 na Total floorplan 550 783 944 961 7
Slide 58: Commercial Real Estate Loans (CRE)
Commercial Real Estate Loans (CRE) 58
Slide 59: CRE - Portfolio Composition
59 Construction Mini-Perm Traditional Perm Qualified Permanent Non Project Loans Line/Letter of Credit 0.2037 0.324 0.0911 0.2705 0.0769 0.0339 CRE - Portfolio Composition By Property Location By Loan Type EOP Outstandings - $8.7 Billion (1) Permanent 27% Mini-perm Traditional 32% Construction 20% N
Slide 60: CRE - Portfolio Composition By Property Type and Location
60 CRE - Portfolio Composition - 9/30/09 60 By Property Type and Property Location ($MM) OH MI PA IN WV FL KY Other Total % Port. Retail properties $901 $240 $157 $210 $47 $81 $10 $591 $2,237 25.7% Multi family 828 138 94 78 80 7 41 135 1,401 16.0 Single family homebuilders 628 93 57 35 20 116 23 67
Slide 61: CRE - Change Analysis
CRE - Change Analysis ($MM) SFHB Retail Other Total CRE June 30, 2009 balance $1,162 $2,301 $5,483 $8,946 New originations 0 0 44 44 Net pay-offs / takedowns (61) (11) (34) (106) Charge-offs (62) (53) (54) (169) September 30, 2009 balance $1,039 $2,237 $5,439 $8,715 61 By Activity By Type ($MM) Tota
Slide 62: CRE - Overview and Credit Quality Trends
EOP Outstandings - $8.7 Billion (1) Granular portfolio with geographic and project diversification throughout our footprint Construction lending targeted to major metro markets Single Family Homebuilder ($1.0 Billion) Weakest segment Diversified geographically within our Midwest footprint CRE - Reta
Slide 63: CRE - Credit Quality Overview By Segment
63 By Segment - 9/30/09 63 CRE - Credit Quality Overview Current Coverage Current Coverage Current Coverage ($MM) O/S 30+ PD Accruing Class. NAL's ACL Write-downs (1) Total CRE (Exc. SFHB & Retail) $5,439 1.45% 15.93% 8.50% 3.86% 2.03% 5.89% SFHB 1,039 2.81 55.58 32.74 10.60 11.04 21.64 Retail 2,237
Slide 64: CRE - Credit Quality
64 CRE - Credit Quality 64 ($ MM) Net Charge-offs Net Charge-offs Net Charge-offs Nonaccrual Loans Nonaccrual Loans Amount Pct. (2) % of Total Amount Pct. (3) Retail properties $52.5 9.22% 31.1% $331.1 14.8% Multi-family 27.3 7.67 16.1 98.8 7.1 Single family homebuilders 62.0 22.67 36.6 340.0 32.7 O
Slide 65: CRE - Credit Quality By Loan Type
65 By Loan Type - 9/30/09 65 CRE - Credit Quality ($MM) O/S 30+ PD Accruing Class. NAL's ACL Construction $1,775 0.59% 26.49% 18.39% 7.23% Lines / letters of credit 295 1.96 27.17 13.53 5.98 Non project loans 671 0.76 8.77 3.05 4.33 Mini-perm traditional 2,823 2.96 33.56 20.76 5.92 Permanent qualifi
Slide 66: CRE - Maturity Schedule
66 By Loan Type - 9/30/09 66 CRE - Maturity Schedule ($MM) Within 12 Mos. 1 - 2 Years 2 - 5 Years 5+ Years Total Construction $1,000 $496 $220 $59 $1,775 Lines / letters of credit 148 25 79 43 295 Non project loans 280 156 165 69 671 Mini-perm traditional 1,673 622 528 -- 2,823 Permanent qualified 2
Slide 67: CRE - Single Family Homebuilders
EOP Outstandings - $1.0 Billion (1) Portfolio Characteristics Granular portfolio - only 15 projects over $10 million Geographic diversification Primary customers are middle market builders building 50-100 homes per year, limited production builder exposure Continuous monitoring Increased reserves ba
Slide 68: CRE - Single Family Homebuilder - Credit Quality
EOP Outstandings - $1.0 Billion (1) Portfolio Performance 68 CRE - Single Family Homebuilder - Credit Quality ($MM) 3Q09 2Q09 1Q09 (3) 4Q08 3Q08 30+ days PD & accruing (2) - $ $296 $263 $267 $228 $229 - % 28.5% 22.6% 21.5% 14.4% 14.4% Classified (2) - $ $577 $539 $480 $369 $287 - % 55.6% 46.4% 38.7%
Slide 69: CRE - Retail
69 (1) 9/30/09 (2) End of period CRE - Retail ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 Community centers $1,127 $1,180 1,222 na na Mixed / lifestyle 274 262 259 na na Regional centers 181 191 194 na na Credit / freestanding 278 294 304 na na Other 376 374 388 na na Retail exposure trends (2) $2,237 $2,301 $2,
Slide 70: CRE - Retail - Credit Quality
EOP Outstandings - $2.2 Billion (1) Portfolio Performance 70 CRE - Retail - Credit Quality ($MM) 3Q09 2Q09 1Q09 (3) 4Q08 3Q08 30+ days PD & accruing (2) - $ $248 $217 $121 $137 $95 - % 11.10% 9.43% 5.11% 5.1% 3.6% Classified (2) - $ $498 $410 $289 $165 $131 - % 22.3% 17.8% 12.2% 6.1% 4.9% NALs (incl
Slide 71: Total Consumer Loans and Leases
Total Consumer Loans and Leases 71
Slide 72: Consumer Loans and Leases - 9/30/09 By Type
Amt Pct Auto loans $2.9 18 % Auto leases 0.3 2 Home equity * 7.6 47 Residential real estate 4.5 28 Other consumer 0.7 5 Total consumer $16.0 100 % * Home equity lines $ 4.9 Home equity loans 2.7 Auto loans 0.176 Auto leases 0.024 Home equity 0.47 Residential mortgage 0.28 Other consumer 0.05 Consume
Slide 73: Credit Risk Management
73 Credit Risk Management Objective Manage the Probability of Default Footprint Portfolio... markets we know and understand Client Selection... bias for high quality customers and relationship lending vs. third party originations Disciplined Underwriting... borrower ability to repay, collateral valu
Slide 74: Consumer Loan Delinquencies
Reported ex. GNMA FAS 140 ex. GNMA FAS 140 + FCMC 1Q08 0.0089 0.0056 2Q08 0.0089 0.0052 3Q08 0.0093 0.0054 4Q08 0.0115 0.0068 1Q09 0.0138 0.0085 2Q09 0.0152 0.009 0.0086 3Q09 0.0142 0.0066 0.0057 Consumer Loan Delinquencies (1) 30+ Days 90+ Days Reported ex. GNMA FAS 140 ex. GNMA FAS 140 + FCMC 1Q08
Slide 75: Consumer Loan Delinquencies
Consumer Loan Delinquencies (1) 30+ Days 90+ Days Residential Mortgages Auto Loans & Lease Home Equity Loans & Lines 2Q08 0.0508 0.0148 0.0118 3Q08 0.0579 0.0174 0.0118 4Q08 0.0574 0.0212 0.0161 1Q09 0.0705 0.0222 0.0149 2Q09 0.0747 0.0214 0.0138 3Q09 0.0576 0.0212 0.0153 (1) Period end; delinquent
Slide 76: Automobile Loans & Leases
Automobile Loans & Leases (@) Huntington :
Slide 77: Auto Lending - Credit Risk Management Strategies
77 Auto Lending - Credit Risk Management Strategies Performance Drivers Borrower 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 78: Automobile Loans and Leases Overview
EOP Outstandings - $3.2 Billion (1) Consistency of strategy and commitment to dealers Focus on high service quality and high quality full dealer relationships Since 2001 focused on super-prime customers... >740 FICOs and >750 FICOs in 1H08 Fully automated origination and booking system Credit Qualit
Slide 79: Auto Loans & Leases - Production
Auto Loans & Leases - Production ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 2Q08 1Q08 4Q07 Loans Production $ 394 $ 277 $ 399 $ 360 $ 501 $ 673 $ 679 $ 487 % new vehicles 44% 30% 31% 41% 41% 44% 44% 44% Avg. LTV (1) 91% 95% 93% 93% 96% 96% 93% 95% Avg. FICO (1) 763 759 756 751 751 752 752 745 Leases (2) Product
Slide 80: Auto Loans - Credit Quality Overview
Auto Loans - Credit Quality Overview 3Q09 2Q09 1Q09 4Q08 3Q08 2Q08 1Q08 4Q07 Portfolio Performance Portfolio Performance 30+ days PD & accruing % 2.02% 2.06% 2.20% 2.09% 1.68% 1.43% 1.45% 1.94% Year-to-Date NCO % 1.52% 1.63% 1.56% 1.12% 0.98% 0.95% 0.97% 0.65% Origination Quality Origination Quality
Slide 81: Auto Loans Accruing Delinquency and Net Charge-offs
90+ DPD 30+ DPD 1Q08 7.7229 50.5184 2Q08 8.8247 53.8421 3Q08 10.0539 65.7946 4Q08 13.01 81.3802 1Q09 10.521 63.674 2Q09 8.726 58.842 3Q09 9.614 59.244 Auto Loans Accruing Delinquency Net Charge-offs 81 1Q08 0.0097 2Q08 0.0094 3Q08 0.0102 4Q08 0.0153 1Q09 0.0156 2Q09 0.0173 3Q09 0.0125 0.26% 0.33% 0.
Slide 82: Auto Loans - Loss Rate Trends
Auto Loans - Loss Rate Trends Dramatic improvement in the early stage loss performance for the late 2007 and early 2008 vintages Losses peak in the 18-24 month range, and as 2008-2009 vintages make up a greater portion of the portfolio and reach their peak loss months, portfolio losses should declin
Slide 83: Residential Real Estate Loans
Residential Real Estate Loans 83
Slide 84: Residential Real Estate Trends
Residential Real Estate Trends ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 Home equity loans / lines $7,581 $7,640 $7,577 $7,523 $7,453 Residential mortgage 4,487 4,657 4,611 4,737 4,812 Interest only 614 625 678 697 699 Alt-A 398 410 436 450 468 Total $12,068 $12,297 $12,188 $12,260 $12,265 Average Outstandings
Slide 85: Origination Strategies
Origination Strategies Focused on the Huntington core markets Utilize the Huntington office network as the primary source Traditional product mix - very limited nontraditional mortgage exposure Never originated sub-prime loans... payment option ARM structures... or negative amortization loans Polici
Slide 86: Home Equity Loans and Lines
Home Equity Loans and Lines 86
Slide 87: Home Equity Loans / Lines - Credit Risk Management Strategies
87 Home Equity Loans / Lines - Credit Risk Management Strategies Performance Drivers Lien Position - 40%, or $2.9 B, of the portfolio is secured by a 1st mortgage Payments - 70% of borrowers consistently make more than required payment Borrower quality - as measured at origination by FICO score - co
Slide 88: Home Equity Overview and Credit Quality Trends
EOP Outstandings - $7.6 Billion (1) Focused on geographies within our Midwest footprint Focused on high quality borrowers... >730 FICOs Began exit of broker channel in 2005... <10% of outstandings today Conservative underwriting - manage the probability of default 70%+ of HELOC borrowers consistentl
Slide 89: Home Equity Loans / Lines - LTV, FICO, Originations
Home Equity Loans / Lines - LTV, FICO, Originations (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 variable
Slide 90: Home Equity Loans & Lines - Originations
Home Equity Loans & Lines - Originations 90 Volume FICO 1st Lien New Volume 2nd Lien New Volume 1st Lien FICO 2nd Lien FICO 9/08 102.6408 94.539 760 755 10/08 93.2403 89.5731 765 755 11/08 73.6028 66.7473 764 755 12/08 94.4222 81.0533 767 756 1/09 102.4188 89.3469 768 760 2/09 119.981 100.0523 763 7
Slide 91: Home Equity Loans and Lines Net Charge-offs
90+ DPD 30+ DPD 1Q08 26.5694 96.7818 2Q08 26.4636 87.5066 3Q08 23.2243 88.7857 4Q08 29.0388 121.7395 1Q09 35.717 114.494 2Q09 35.328 117.333 3Q09 45.334 131.228 Home Equity Loans and Lines Net Charge-offs 91 1Q08 0.0084 2Q08 0.0094 3Q08 0.0085 4Q08 0.0102 1Q09 0.0093 2Q09 0.0129 3Q09 0.0148 0.31% 0.
Slide 92: Home Equity Loans & Lines - Delinquencies
Home Equity Loans & Lines - Delinquencies 92 $ Delinquent $ Outstanding Outstandings 30-89 $ DPD 90-119 $ DPD 120+ $ DPD 9/08 7590.1904 23.1994 12.6602 34.8262 10/08 7614.2567 22.6037 13.6441 34.8139 11/08 7622.3494 25.9486 15.0154 34.3289 12/08 7639.1288 29.3478 16.3018 34.3023 1/09 7658.074 29.761
Slide 93: Home Equity Lines - Utilization and Customer Rate
Home Equity Lines - Utilization and Customer Rate 93 Utilization Rate Customer Interest Rate Utilization Rate Customer Interest Rate 8/08 0.4722 0.0498 9/08 0.4754 0.0498 10/08 0.4786 0.0496 11/08 0.4803 0.045 12/08 0.483 0.0402 1/09 0.4867 0.0336 2/09 0.4889 0.0326 3/09 0.4919 0.0327 4/09 0.4959 0.
Slide 94: Residential Mortgages
Residential Mortgages (Huntington :
Slide 95: Residential Mortgage - Credit Risk Management Strategies
95 Residential Mortgage - Credit Risk Management Strategies Performance Drivers Standard products and borrower quality - as measured at origination by Secondary market underwriting FICO score - consistent increasing trend FICO score distribution - consistent decline in low score levels Non-standard
Slide 96: Residential Mortgages Overview and Credit Quality Trends
EOP Outstandings - $4.5 Billion (1) Focused on geographies within our Midwest footprint Traditional product mix... very limited nontraditional exposure as we never originated sub-prime, payment option ARMs, or negative amortization loans $603 million of Interest Only loans... targeted within executi
Slide 97: Residential Mortgages - LTV, FICO, Originations
Residential Mortgages - LTV, FICO, Originations (1) Weighted average FICOs reflect currently updated customer credit scores (2) Only owned-portfolio originations Weighted average at origination Excludes Franklin - data NA 3Q09 2Q09 1Q09 4Q08 3Q08 Ending balance ($B) $4.5 $4.6 $4.4 $4.8 $4.9 Average
Slide 98: Residential Mortgages - ARMs
Residential Mortgages - ARMs EOP Outstandings - $2.6 Billion (1) ARMs 2009 resets $159 MM 2010 resets $891 MM FICO distribution > 670 71% Risk Mitigation Proactive customer contact at least 6 months prior to rate reset. Given the high quality borrower, this is a customer retention as well as risk mi
Slide 99: Residential Mortgages - Interest Only
Residential Mortgages - Interest Only EOP Outstandings - $603 Million (1) 2008 Production $121 MM YTD 2009 Production $6 MM 3Q09 Net charge-offs 3.51% Current LTV (3Q09 values) 78% Updated FICO score (3Q09) 718 Portfolio Information High FICO, standard LTV structure primarily sourced via Huntington'
Slide 100: Residential Mortgages - Alt-A
Residential Mortgages - Alt-A EOP Outstandings - $385 Million (1) 2008 Production none YTD 2009 Production none 3Q09 Net charge-offs 12.56% Current LTV (3Q09 values) 87% Updated FICO score (3Q09) 664 Portfolio Information The original strategy was centered around stated income and higher LTVs associ
Slide 101: Residential Mortgages Net Charge-offs
90+ DPD 30+ DPD 1Q08 61.737 259.523 2Q08 62.006 249.152 3Q08 58.28 281.203 4Q08 71.553 273.475 1Q09 88.381 306.108 2Q09 97.937 321.716 3Q09 46.592 241.841 Residential Mortgages Net Charge-offs 101 1Q08 0.0022 2Q08 0.0033 3Q08 0.0056 4Q08 0.0062 1Q09 0.0055 2Q09 0.0147 3Q09 0.0615 0.0173 1.20% 1.50%
Slide 102: Residential Mortgages - Delinquencies
Residential Mortgages - Delinquencies 102 MONTH ARM Fixed rate Interest only ARM Alt A Balloon Other Total 7/07 0.0384 0.0564 0.0293 0.0932 0.0261 0.1371 0.0533 8/07 0.0406 0.0553 0.0355 0.0962 0.0262 0.139 0.0556 9/07 0.0524 0.0751 0.0299 0.1129 0.0255 0.1451 0.0638 10/07 0.0543 0.0686 0.0303 0.107
Slide 103: Residential Mortgages - Delinquencies
Residential Mortgages - Delinquencies 103 MONTH <640 640-669 670-700 >700 No Score Total 7/07 0.226 0.1057 0.0703 0.023 0.1117 0.0533 8/07 0.2158 0.1092 0.0766 0.0224 0.1537 0.0556 9/07 0.2384 0.1191 0.0834 0.0249 0.0954 0.0638 10/07 0.2139 0.1068 0.0792 0.0231 0.1008 0.0612 11/07 0.2386 0.1371 0.08
Slide 104: Other Consumer Loans
Other Consumer Loans (@) Huntington ,
Slide 105: Other Consumer Loans
EOP Outstandings - $0.7 Billion (1) 80% collateralized Autos, untitled vehicles, small boats, mobile homes and other miscellaneous Primarily for existing customers Performed within expectations over the past year though varies by collateral type Other Consumer Loans 105 (1) 9/30/09
Slide 106: Franklin Credit Relationship
106 Franklin Credit Relationship
Slide 107: Franklin Credit - Cash Flow Review
Improved alignment of interest beginning in 2009 as evidenced by: $166.9 million in collections in 2009 Results consistent with expectations associated with the 1Q09 restructure Interest collections remained consistent over the past 8 months Positions us to leverage the FCMC platform to more rapidly
Slide 108: Credit Quality Review
Credit Quality Review Huntington
Slide 109: Credit Quality Trends Overview
Credit Quality Trends Overview 3Q09 2Q09 1Q09 4Q08 3Q08 NAL ratio (1) 5.85% 4.72% 3.93% 3.66% 1.42% NPA ratio (2) 6.26 5.18 4.46 3.97 1.64 Net charge-off ratio 3.76 3.43 3.34 5.41 0.82 90+ days PD & accruing (3) 0.29 0.38 0.35 0.46 0.44 ALLL ratio 2.77 2.38 2.12 2.19 1.75 ALLL / NAL coverage 47 50 5
Slide 110: Total Loan Portfolio Asset Quality - 9/30/09
110 110 Total Loan Portfolio Asset Quality - 9/30/09 ($MM) O/S NAL NAL ACL ACL ACL / NAL 30+ PD Accruing CRE Single family homebuilder $1,039 $340 32.74% $110 10.60% 32% 2.81% Retail 2,237 331 14.80 130 5.83 39 0.90 Other 5,439 463 8.50 210 3.86 45 1.45 C&I 12,547 613 4.88 416 3.31 68 0.90 Auto loan
Slide 111: Key Loan Portfolio Credit Quality Metrics
Key Loan Portfolio Credit Quality Metrics 111
Slide 112: Net Charge-offs
Net Charge-offs ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 Franklin $(4.1) $(9.9) $128.3 $423.3 $ -- Non-Franklin C&I 72.9 108.2 82.3 50.1 29.6 Total C&I 68.8 98.3 210.6 473.4 29.6 Commercial real estate 169.2 172.6 82.8 38.4 11.0 Total commercial 238.1 270.9 293.4 511.8 40.6 Auto loans 9.0 12.4 15.0 14.9 9.8 A
Slide 113: Net Charge-off Ratios
Net Charge-off Ratios (1) 3Q09 2Q09 1Q09 4Q08 3Q08 Franklin nmv% nmv% nmv% nmv% --% Non-Franklin C&I 2.26 3.20 2.55 1.58 0.95 Total C&I 2.13 2.91 6.22 13.78 0.87 Commercial real estate 7.62 7.51 3.27 1.50 0.45 Total commercial 4.37 4.77 4.96 8.54 0.69 Auto loans 1.25 1.73 1.56 1.53 1.02 Auto leases
Slide 114: Nonaccrual Loans, Nonperforming Assets and Accruing Restructured Loans
Nonaccrual Loans, Nonperforming Assets and Accruing Restructured Loans 114
Slide 115: Nonaccrual Loans (NAL) - by Sector
($MM) 9/30/09 6/30/09 $ # $ # Commercial >$5 $647.7 62 $389.1 39 $2-<$5 473.5 152 375.8 121 <$2 625.1 542.6 Subtotal $1,746.4 $1,307.6 Residential RE and Home Equity Franklin 338.5 344.6 Other 96.2 166.2 Subtotal 434.7 510.8 Total NALs $2,181.1 $1,818.4 Nonaccrual Loans (NAL) - by Sector $2,181.1 MM
Slide 116: Nonperforming Asset Flow Analysis
Nonperforming Asset Flow Analysis ($MM) 3Q09 2Q09 1Q09 4Q08 3Q08 NPA beginning of period $2,002.6 $1,775.7 $1,636.6 $675.3 $624.7 Additions / increases 899.9 (1) 750.3 622.5 509.3 175.3 Franklin - net impact (18.8) (57.4) (204.5) 650.2 -- Return to accruing status (52.5) (40.9) (36.1) (13.8) (9.1) L
Slide 117: Nonaccrual Loan Assessment
Nonaccrual Loan Assessment 117 (1) Cumulative NCOs against credit exposure (2) Current ACL as a % of the September 30, 2009 balances (3) Included in Adjusted non-Franklin NALs September 30, 2009 No future losses expected on the Franklin exposure or impaired commercial loans Prior charge-offs and exi
Slide 118: Allowances for Credit Losses (ACL)
Allowances for Credit Losses (ACL) (1) ($MM) 3Q09 3Q09 2Q09 1Q09 4Q08 3Q08 Allowance for loan Allowance for loan and lease losses (ALLL) $1,032.0 $917.7 $838.5 $900.2 $720.7 Allowance for unfunded loan Allowance for unfunded loan commitments and LOCs (AULC) 50.1 47.1 47.0 44.1 61.6 Total allowance T
Slide 119: Allowance for Credit Losses Methodology
Allowance for Credit Losses Methodology Allowance for loan and lease loses (ALLL) An estimate of loss based on characteristics of each commercial and consumer loan, lease, or loan commitment, and An estimate of loss based on a review of each impaired loan >$500,000 Generally developed to cover a def
Slide 120: Non-Franklin Credit Metrics Reconciliations
Non-Franklin Credit Metrics Reconciliations 120
Slide 121: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 121
Slide 122: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 122
Slide 123: Non-Franklin Credit Metrics Reconciliation
Non-Franklin Credit Metrics Reconciliation 123
Slide 124: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) (1) Annualized 124
Slide 125: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) (1) Annualized 125
Slide 126: Quarterly Net Charge-off Reconciliation
Quarterly Net Charge-off Reconciliation (1) (1) Annualized 126
Slide 127: Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs)
127 Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs)
Slide 128: Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs)
128 Nonaccrual Loans (NALs), Nonperforming Assets (NPA) & Accruing Restructured Loans (ARLs)
Slide 129: Deposits and Other Funding
Deposits and Other Funding 129
Slide 130: Total Deposits - By Business Segment
Total Deposits - By Business Segment 130 Avg. Balances - $39.6 Billion ($B) Regional & Business Banking Commercial Banking Commercial Real Estate AFDS PFG Treasury / Other Total DDA-noninterest bearing $3.4 $2.1 $0.2 $ 0.1 $0.4 $0.1 $6.2 DDA-interest bearing 3.7 0.8 -- -- 0.6 -- 5.1 Money market dep
Slide 131: Deposit Trends Linked Quarter - Average
Deposit Trends 131 Linked Quarter - Average
Slide 132: Deposit Trends Prior-year Quarter
Deposit Trends 132 Prior-year Quarter
Slide 133: Total Core Deposit Trends
Total Core Deposit Trends 133
Slide 134: Other Funding - 9/30/09
Other Funding - 9/30/09 Non-core Deposits 0.3478 S-T Borrowings & Other Liab. 0.1842 FHLB Advances 0.0856 Other L-T Debt 0.2266 Subordinated Notes 0.1558 $10.7 Billion Noncore Deposits $3.7 B / 35% S-T Borrowings & Other Liabilities $2.0 B / 18% FHLB Advances $0.9 B / 9% Other L-T Debt $2.4 B / 23%
Slide 135: Funding Assessment
Funding Assessment Holding Company Over $1 billion of cash $30 million per quarter dividend requirements Next borrowing maturity not until 2013: $50 million Bank Level Funding expected to be met primarily through core deposits Unused credit available FHLB advances Discount window capacity 135
Slide 136: Illustrative Internal Supervisory Capital Assessment Program (SCAP) Analysis
Illustrative Internal Supervisory Capital Assessment Program (SCAP) Analysis 136
Slide 137: Peer Comparison of Credit Metrics
HBAN 0.0038 BBT 0.0076 KEY 0.0082 RF 0.0138 STI 0.0186 FITB 0.0347 HBAN 0.0122 KEY 0.0124 BBT 0.0129 RF 0.0174 FITB 0.0217 STI 0.027 RF 0.0067 KEY 0.015 BBT 0.0163 HBAN 0.0213 FITB 0.0508 STI 0.0522 RF 0.0008 HBAN 0.0052 BBT 0.0062 KEY 0.0081 FITB 0.018 STI 0.03 BBT 0.0093 STI 0.01 RF 0.0135 HBAN 0.
Slide 138: 5/20/09 - Illustrative SCAP Analysis
138 5/20/09 - Illustrative SCAP Analysis Note: Loan balances based on regulatory financials. Excludes Franklin Credit. (1) Loss ranges represent ranges from SCAP analysis relating to the following banks: BBT, FITB, KEY, PNC, RF and STI Outstandings 2-Yr Cumulative Losses (1) 2-Yr Cumulative Losses (
Slide 139: 5/20/09 - Illustrative SCAP Analysis
139 5/20/09 - Illustrative SCAP Analysis Includes potential additional liability management initiatives, exchange of other capital instruments, adoption of new accounting standards and other management initiatives Per 10% rule 2-Year Cumulative Losses 2-Yr Cumulative Losses 2-Yr Cumulative Losses 2-
Slide 140: Illustrative SCAP Analysis Non-Franklin Regulatory Reporting Reconciliations
5/20/09 - Illustrative SCAP Analysis 140 Non-Franklin Regulatory Reporting Reconciliations
Slide 141: Illustrative SCAP Analysis Non-Franklin Regulatory Reporting Reconciliations
5/20/09 - Illustrative SCAP Analysis 141 Non-Franklin Regulatory Reporting Reconciliations
Slide 142: Illustrative SCAP Analysis - 6/30/09 Loans
Outstandings 2-Yr. Cumulative Losses (2) 2-Yr. Cumulative Losses (2) 2-Yr. Cumulative Losses (2) Implied Cumulative Losses Implied Cumulative Losses Implied Cumulative Losses ($ B) 6/30/09 Low Median High Low Median High First lien mortgage loans $6.4 3.4% 6.3% 10.3% $0.2 $0.4 $0.7 Second / junior l
Slide 143: 2-Yr Cumulative Losses (7/09 - 6/11)
2-Yr Cumulative Losses (7/09 - 6/11) 2-Yr Cumulative Losses (7/09 - 6/11) 2-Yr Cumulative Losses (7/09 - 6/11) 2-Yr Cumulative Losses (7/09 - 6/11) ($ MM) 7% 8% 9% 10% Tier 1 Common equity - 6/30/09 $3,091 $3,091 $3,091 $3,091 Pre-tax, pre-provision net revenue 852 852 852 852 Cumulative losses (aft
Slide 144: Capital
Capital (@! Huntington .
Slide 145: Capital
Capital (1) 3Q09 3Q09 2Q09 1Q09 4Q08 3Q08 Total risk-weighted assets ($B) $44.1 $45.5 $46.4 $47.0 $46.6 Tier 1 leverage 11.30% 10.62% 9.67% 9.82% 7.99% Tier 1 risk-based capital 13.04 11.85 11.14 10.72 8.80 Total risk-based capital 16.23 14.94 14.26 13.91 12.03 Tangible common equity/assets 6.46 5.6
Slide 146: Capital Actions
Capital Actions (Sand Shares in mitions) 1009 Franklin resirvetaing ‘Comersion of prefered stock ‘othe tangible capital improvements 1009 Totat 2000 Discretionary equity issuance #1 Discretionary eauiy issuance #2 ‘Comersion of prefered stock ‘Common stock offing Gain on the redemption of junior sub
Slide 147: Capital Trends
LLR/NPL ratio 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 Tang. Equity / Risk-Weighted Assets 0.0558 0.0659 0.066 0.0839 0.0894 0.1004 Tang. Equity / Assets (TE Ratio) 0.0492 0.059 0.0599 0.0772 0.0812 0.0899 0.0971 Tang. Common Equity / Assets (TCE Ratio) 0.0492 0.0481 0.0488 0.0404 0.0465 0.0568 0.0646 Tie
Slide 148: Capital Ratio Trends
Total Risk-based Capital Tier I Risk-based Capital Tang. Equity / Risk Weighted Assets Tang. Equity / Assets 3Q02 0.1178 0.0881 0.0764 4Q02 0.1125 0.0834 0.0722 1Q03 0.1104 0.0816 0.07 2Q03 0.1111 0.0832 0.0723 0.0706 3Q03 0.1119 0.084 0.0724 0.0677 4Q03 0.1195 0.0853 0.0731 0.0679 1Q04 0.1213 0.087
Slide 149: Credit Ratings
Credit Ratings Senior Subordinated Comm'l. Paper / Notes Notes Short-term Outlook Huntington Bancshares Moody's 4/7/09 Baa2 Baa3 P-2 Negative S&P 6/17/09 BB+ BB B Negative Fitch 9/14/09 BBB BBB- F2 Negative The Huntington National Bank Moody's 4/7/09 Baa1 Baa2 P-2 Negative S&P 6/17/09 BBB- BB+ A-3 N
Slide 150: Franchise
Franchise (Huntington —
Slide 151: Huntington Bancshares Overview
Midwest financial services holding company Founded - 1866 Headquarters - Columbus, Ohio Total assets - $53 billion Employees (1) - 10,194 Franchise: Footprint 6 states: OH, MI, PA, IN, WV, KY 604 offices / 1,366 ATMs Retail and Business Banking 5 Areas - Mortgage banking + MD, NJ Commercial Banking
Slide 152: Focus on the Midwest
Focus on the Midwest (1) Offices 115 ATMs 237 Detroit 3% Grand Rapids 10% Offices 339 ATMs 750 Akron 8% Canton 25% Cincinnati 4% Cleveland 5% Columbus 28% Dayton 6% Toledo 21% Youngstown 20% Offices 50 ATMs 84 Indianapolis 6% Offices 13 ATMs 31 Offices 28 ATMs 130 Charleston 11% Excludes 3 PFG offic
Slide 153: A Strong Regional Presence
A Strong Regional Presence Source: SNL Financial, company presentations and filings FDIC deposit data as of June 30, 2009 Deposits - Top 12 MSAs MSA Rank BOs Deposits Share Columbus, OH 1 68 $10,231 27.6% Cleveland, OH 5 60 3,613 5.5 Detroit, MI 8 45 2,874 3.1 Toledo, OH 2 42 2,186 20.6 Pittsburgh,
Slide 154: Organization
Organization (Huntington —
Slide 155: Management Committee
Management Committee Management Committee 155 2009 Appointments
Slide 156: Senior Leadership Team
Senior Leadership Team Experience-Yrs Position Appointed Banking HBAN Stephen Steinour Chairman, President and CEO 1Q09 29 new Dan Benhase SEVP-Private Financial Group Director 2Q06 26 9 Kevin Blakely SEVP-Chief Risk Officer 3Q09 35 new Jim Dunlap SEVP-Regional & Commercial Banking Director 1Q06 30
Slide 157: Regional Banking Presidents
Regional Banking Presidents Experience - Yrs Region Appointed Banking HBAN Jim Dunlap* West Michigan 1Q06 30 30 Rebecca Smith East Michigan 1Q07 32 2 Mike Newbold Central Indiana 4Q06 33 6 Sharon Speyer Northwest Ohio 1Q01 21 17 Jerry Kelsheimer Greater Cleveland 1Q05 22 14 Frank Hierro Mahoning Val
Slide 158: Retail and Business Banking Executives
Retail and Business Banking Executives Experience - Yrs Area Appointed Banking HBAN Robert Soroka Northeast Area 2Q09 25 7 Deborah Stein Central Area 2Q09 26 6 Cindy Keitch East Area 2Q09 36 15 Brian Bromley Northwest Area 2Q09 25 23 Jonathan Greenwood West Area 2Q09 24 16 Jeff Rosen Business Bankin
Slide 159: Business Segment Summary
Business Segment Summary 159
Slide 160: Business Segment Loans & Deposits - 9/30/09
Business Segment Loans & Deposits - 9/30/09 Total Credit Exposure - $37.3 B Total Deposits - $39.8 B 160 Retail and Business Banking 0.706 Commercial Banking 0.157 Commercial Real Estate 0.011 Dealer sales 0.002 PFG 0.074 Treasury / Other 0.05 Retail & Business Banking 0.412 Commercial Banking 0.213
Slide 161: Business Segment Contribution
161 Business Segment Contribution
Slide 162: Safe Harbor Disclosures
Safe Harbor Disclosures (Huntington
Slide 163: Basis of Presentation
Basis of Presentation Use of non-GAAP financial measures This 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 164: Basis of Presentation - Significant Items
Basis of Presentation Significant 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 associated with ordinary banking activities, are so unusually large that their outsi
Slide 165: Basis of Presentation
Basis of Presentation Fully-taxable equivalent interest income and net interest margin Income 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 n
Slide 166: Forward Looking Statements
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 imp
Huntington Bancshares — Q3 2009 Earnings Presentation on 6ix