Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Q3 2024 Earnings Presentation
62 slides from Huntington Bancshares's earnings presentation, Oct 17, 2024
Slide 1: 2024 Third Quarter Earnings Review
Welcome.® 2024 Third Quarter Earnings Review October 17, 2024 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2024 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 Driving accelerated loan growth and sustained deposit gathering, supported by core 1 businesses and successful execution of new initiatives Executing down beta playbook, managing through dynamic interest rate outlook, and expect 2 record net interest income in FY25 Driving fee revenues
Slide 5: 3Q24 Strategic Highlights
3Q24 Strategic Highlights Loan Growth Deposit Growth Capital & Credit YoY (ADB) YoY (ADB) Liquidity Quality $3.7B $8.3B Adj. CET1(1) ACL +3.1% +5.6% 8.9% 1.93% 3Q24 QoQ Core Deposits 1.95x Uninsured Net Charge Offs EOP annualized +4.6% Deposit Coverage(2) 0.30% +6.3% Powering fee income, increasin
Slide 6: 2024 Third Quarter Financial Performance
2024 Third Quarter Financial Performance Key Metrics GAAP Highlights EPS $0.33 GAAP EPS of $0.33 • Notable Items, $6 million, include $13 million of expenses GAAP Adjusted(1) related to efficiency programs, partially offset by a $7 ROTCE 16.2% 16.3% million benefit from FDIC special assessment R
Slide 7: Loans and Leases | Balanced and Diversified Growth
Loans and Leases | Balanced and Diversified Growth Average Loan and Lease Balances Highlights Average balance growth accelerated, increasing 3.1% YoY in 3Q24 compared to 1.7% YoY in 2Q24 +3.1% YoY $126.4 Strong quarterly EOP loan growth of 6.3% annualized ADB $124.5 $123.4 Q3 average quarterly
Slide 8: Deposits | Continued Sequential Growth
Deposits | Continued Sequential Growth Average Deposit Balances Highlights +5.6% YoY Executing down beta playbook ADB $158.4 • Lowering acquisition rates for new deposits $156.5 $153.6 • Shortening duration of time deposits $149.7 $150.7 • Down rate pricing adjustments in existing portfolios $148.
Slide 9: Deposits | Differentiated Deposit Growth Compared to Peers
Deposits | Differentiated Deposit Growth Compared to Peers Cumulative Growth Rate of Deposits since 1Q23 - Average HBAN Peer Median(1) Top / Bottom Quartile(1) 7.1% 5.1% 2.4% 3.1% 1.4% 0.0% -0.4% 0.0% 0.5% -0.2% 0.1% -0.9% -1.7% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Highlights Loan to Deposit Ratio – A
Slide 10: Net Interest Income | Positioned for Expansion
Net Interest Income | Positioned for Expansion Net Interest Income (FTE) and Net Interest Margin (NIM) Highlights Net Interest Income Spread revenues expanded in 3Q24 supported by loan growth Net Interest Margin and stable NIM $1,379 $1,364 Proactively managing to a top quartile percentage reten
Slide 11: Securities Portfolio
Securities Portfolio Securities + Cash(1) - Average Highlights Purchased $4.2 billion of Treasury securities at a 4.42% yield $57.8 $55.2 Securities yields of 4.26% decreased 3bps QoQ and $50.8 $50.8 $52.6 increased 11bps YoY $13.6 $12.2 $11.0 34% of portfolio classified as HTM to protect capi
Slide 12: Balance Sheet Hedging Program Overview
Balance Sheet Hedging Program Overview Hedging Program Profile – Effective Swaps(1) Future Effective Swap Profile $6.0 $6.0 $6.0 NIM Protection: $6.0 $6.0 $5.0 $5.0 $5.0 $5.5 $6.0 Reduces volatility & supports a narrow $23.7 $20.1 $21.9 $23.2 Floor Spreads corridor in lower rate $16.8 $16.8 $16.8 $1
Slide 13: Noninterest Income | Diversified Fee Revenues
Noninterest Income | Diversified Fee Revenues Noninterest Income Trends Total Adjusted Noninterest Income by Category(2) 3Q23 4Q23 1Q24 2Q24 3Q24 +12% YoY Total Noninterest Income (GAAP) $509 $405 $467 $491 $523 $59 All Other(3) $51 Leasing Revenue Mark-to-market on pay-fixed swaptions $33 $(74) - -
Slide 14: Adjusted Noninterest Income | Strategic Fee Revenue Focus Areas
Adjusted Noninterest Income | Strategic Fee Revenue Focus Areas 1 Payments & Cash Management Commercial Payments Merchant Revenues (inc. TM) Acquiring Treasury management penetration continues 28% to increase through deepening efforts % Total Sustained volume growth across debit card +8% +$2MM R
Slide 15: Noninterest Expense | Disciplined Expense Management
Noninterest Expense | Disciplined Expense Management Noninterest Expense (NIE) Highlights Notable Items $6M Notable items included $13 million related to efficiency NIE excluding Notable Items programs, partially offset by a $7 million FDIC special assessment benefit $1,600 $1,400 $1,348 $1,137 $1
Slide 16: 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% 2) Dividend 10.1% 3) Buybacks/other 1.6% 1.7% 1.8% 1.5% 2.1% Expect to deploy
Slide 17: Asset Quality | Top Tier Reserve Profile
Asset Quality | Top Tier Reserve Profile Net Charge-off Ratio Through the Cycle Target NCO Range (25 – 45 bps) HBAN Peer Median 0.40% 0.42% 0.38% 0.35% 0.32% 0.31% 0.28% 0.22% 0.25% 0.20% 0.19% 0.15% 0.16% 0.31% 0.30% 0.29% 0.30% 0.30% 0.14% 0.24% 0.19% 0.17% 0.19% 0.15% 0.16% 0.13% 0.12% 0.07% 0.03
Slide 18: 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% 3.6 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 1Q24 2Q2
Slide 19: 2024 Outlook
2024 Outlook As of FY24 vs. FY23 4Q24 YoY Commentary 10/17/24 10/17/24 (Unchanged from 9/9/24) Average Loans Continue to drive sequential loan growth, Up ~3% Up 4% - 5% FY23 Baseline = $120.9 billion inclusive of lower CRE balances Acquiring and deepening primary bank Average Deposits Up 3% - 4% Up
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Provision Net Revenue (PPNR) Pre-Provision Net Revenue Percent Change 3Q23 4Q23 1Q24 2Q24 3Q24 ($ in millions) vs. 2Q24 Total revenue (GAAP) $1,877 $1,721 $1,754 $1,803 $1,874 FTE adjustment 11 11 13 13 13 Total revenue (FTE) A 1,888 1,732 1,767 1,816 1,887 Less: net gain
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 3Q23 4Q23 1Q24 2Q24 3Q24 Average common shareholders’ equity $16,256 $16,275 $16,819 $16,861 $17,719 Less: intangible assets and goodwill 5,722 5,710 5,697 5,685 5,674 Add: net tax effect of intangible assets 34 32 29 25 2
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted Noninterest Expense, Efficiency Efficiency Ratio ($ in millions) – Pre-tax 3Q23 4Q23 1Q24 2Q24 3Q24 Noninterest expense (GAAP) $1,090 $1,348 $1,137 $1,117 $1,130 Less: intangible amortization 12 12 12 12 11 Noninterest expense less amortization of intangibles (A) $1,
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 3Q23 4Q23 1Q24 2Q24 3Q24 Common Equity Tier 1 (A) $14,211 $14,212 $14,283 $14,521 $14,803 Add: accumulated other (3,622) (2,676) (2,879) (2,911) (2,104) Comprehensive income (loss) (AOCI) Less: cash flow hedge (66
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible common equity ratio, Tangible book value per share Tangible Common Equity Ratio ($ in millions) 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Huntington shareholders’ equity $17,136 $17,731 $18,758 $18,788 $18,483 $19,353 $19,322 $19,515 $20,606 Less: preferred stock
Slide 25: Appendix
Appendix 2024 Third Quarter Earnings Review 25
Slide 26: 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 27: 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 28: Table of Contents
Table of Contents Accumulated Other Comprehensive Income 29 Home Lending Originations 50 Driving Sustained Profitability 30 Shares Outstanding 52 Medium-Term Financial Targets 31 Tangible Book Value 53 Preferred Dividends 32 Hedging Balance Update 54 Digital Metrics 33 Credit and Capital 55 Mortgage
Slide 29: Accumulated Other Comprehensive Income Dollars
Accumulated Other Comprehensive Income Dollars AOCI Outlook(1) Highlights $ in billions Projecting ~32% total AOCI accretion by YE26 vs 3Q24 level Dynamically managing hedge position subject to risk profile and market conditions $3.6 $2.9 $2.1 Components of Fair Value (FV) Mark on Investment Sec
Slide 30: Driving Sustained Profitability
Driving Sustained Profitability Pre-Provision Net Revenue (PPNR) PPNR (GAAP) PPNR (Adjusted for Notable Items) $798 $813 $757 $763 $669 $699 $705 $613 $630 $384 3Q23 4Q23 1Q24 2Q24 3Q24 Return on Tangible Common Equity % ROTCE (GAAP) Adj. ROTCE Adj. ROTCE ex AOCI 20.0% 15.3% 16.2% 16.3% 15.1% 15.3%
Slide 31: Medium-Term Financial Targets
Medium-Term Financial Targets PPNR ROTCE Positive Growth 20%+ Operating 6 – 9% Leverage ROTCE ex-AOCI 17% – 19% Adjusted CET1 Ratio: 9 – 10% Operating Net Charge-offs: 25 – 45 bps through the cycle Assumptions Tax Rate: 16 – 19% 2024 Third Quarter Earnings Review 31
Slide 32: Estimated Preferred Dividends
Estimated Preferred Dividends Actuals Projected(1) ($ in millions) 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Dividends on Preferred Shares $35 $36 $31 $27 $27 $27 (1) Estimated preferred dividends based on projected interest rates for currently outstanding series of preferred shares; reflects 4Q24 redemption of
Slide 33: 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 3.45 3.48 3.55 3.56 3.58 44% 43% 43% 42% 40% 3Q23 4Q23 1Q24 2Q24 3Q24 3Q23 4Q23 1Q24 2Q24 3Q24 Averag
Slide 34: Mortgage Banking Noninterest Income Summary
Mortgage Banking Noninterest Income Summary Mortgage Banking Income (MBI) Total Production Mix(2) $120 8% 8% 8% $100 10% 12% 2.04% $80 1.83% $60 1.41% 1.41% 1.07% $38 92% 92% 90% 92% 88% $40 $31 $30 $27 $13 $23 $11 $15 $12 $11 $20 $18 $25 $16 $12 $16 $- 3Q23 4Q23 1Q24 2Q24 3Q24 3Q23 4Q23 1Q24 2Q24 3
Slide 35: Balance Sheet
Balance Sheet 2024 Third Quarter Earnings Review 35
Slide 36: Loans and Leases | Loan Growth Optimized for Return
Loans and Leases | Loan Growth Optimized for Return Commercial Average Loan and Lease Balances Highlights CRE Loans vs Linked Quarter Commercial Loans Ex. CRE +2.5% Average balances increased $0.1 billion, or 0.2% $69.0 $69.1 CRE average balances declined 3.4% $67.5 $67.6 $68.3 $13.0 $12.6 $12.6
Slide 37: Loan Yields | Benefitting From Fixed Rate Re-Pricing
Loan Yields | Benefitting From Fixed Rate Re-Pricing Loan Portfolio Composition (as of 3Q24) 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 38: Deposits | Non-Interest Bearing Deposit Trends
Deposits | Non-Interest Bearing (NIB) Deposit Trends Deposit Balance – End of Period (EOP) Deposit Balance – Average (ADB) Interest Bearing Interest Bearing Non-Interest Bearing Non-Interest Bearing $151.2 $153.2 $154.4 $158.4 $149.7 $150.7 $153.6 $156.5 $148.9 $148.2 $31.7 $31.0 $29.7 $28.6 $29.0 $
Slide 39: Commercial Real Estate (CRE) Overview
Commercial Real Estate (CRE) Overview CRE Loans as % of Total Loans(1) Portfolio Characteristics Peer Median: 15% Peers at 2Q24 Well diversified portfolio with rigorous client selection Peer 1 9% CRE reserve coverage 4.4% vs peer median of 2.6% (2Q24) HBAN 9% Office reserve coverage of 11% Pee
Slide 40: Commercial Real Estate – Office Portfolio Declining
Commercial Real Estate – Office Portfolio Declining CRE - Office Loan Balances – End of Period (EOP) $2.4 $2.3 $2.2 $2.0 2.0% $1.9 1.9% $1.8 $1.8 1.8% $1.7 $1.6 1.6% 1.6% 1.5% 1.4% 1.4% CRE - Office Loans 1.3% % of Total Loans 11% 12% 11% 9% 9% 10% 8% 8% 8% CRE - Office ACL Ratio 3Q22 4Q22 1Q23 2Q23
Slide 41: 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 $50B in assets as of 6/30/2024(1) 5.0% HBAN (2Q24) HBAN (3Q24) 4.0% Bank 3 CRE Reserve Ratio (2Q24) Bank 2 3.0% Bank 4 Bank 9 Bank 8 Bank 5 Bank 7 Bank 10 2.0% Bank 6 B
Slide 42: Commercial Real Estate – Multi Family Overview
Commercial Real Estate (CRE) – Multi Family Overview Top 5 MSAs (3Q24) Management Approach Balance % of Total Metropolitan Statistical Area (MSA) ($ in millions) Multifamily Portfolio Sponsor-driven strategy focused on experienced Columbus, OH $301 6.7% owners and operators Chicago-Joliet-Napervil
Slide 43: Minimal Exposure to Leveraged Lending
Minimal Exposure to Leveraged Lending Loan Portfolio Composition (3Q24) Highlights $2.9 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 44: High Quality, Granular Deposit Franchise
High Quality, Granular Deposit Franchise Leading Percent of Insured Deposits(1) Diversification by Business Lines (3Q24) Banks at 2Q24 HBAN (3Q24) 69% HBAN (2Q24) 70% Bank 1 62% Consumer BAC 62% Bank 2 62% 51% Bank 3 59% Commercial 26% C 58% WFC 58% JPM 57% 13% Bank 4 57% 4% 6% Business Banking Bank
Slide 45: 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 $93 $94 $95 $95 deposits highlighting the proactive approach to liquidity $10 $12 $13 $13 Cash risk management and strength of our granular de
Slide 46: Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity
Commercial Deposit Relationships Bolstered by Off Balance Sheet Liquidity Management Solutions Commercial Off B/S Overview Total Commercial Banking Segment Liquidity (Average) 2019: Enhanced off balance sheet liquidity YoY Annually solutions for commercial customers $67.7 Total +13% $60.0 $62.2 $62.
Slide 47: Auto – Production Trend
Auto – Production Trend Originations 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Amount ($ in billions) $2.4 $2.1 $1.6 $1.2 $1.4 $1.1 $1.5 $1.2 $1.4 % new vehicles 35% 35% 41% 43% 35% 42% 43% 39% 35% Avg. LTV 87% 85% 84% 84% 86% 87% 87% 85% 84% Avg. FICO 780 784 783 782 778 776 781 779 777 Vintage
Slide 48: Auto – Proven Track Record of Strategic Growth
Auto – Proven Track Record of Strategic Growth Optimize through the Cycle Calibrating production to balance growth and returns Indirect Auto Production ($B) and New Origination Yield 6.9% 7.1% 7.2% 6.8% 6.8% 7.0% 3.00 New Origination Yield 6.3% 6.4% Indirect Auto Production 5.9% 2.50 $2.4 6.0% $2.1
Slide 49: 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 Strong Credit Quality $12.2 $12.5 $12.9 $12.9 $12.5 $12.7 $13.2 $11.0 Auto Loans and % $8.7 $9.5 Industry knowledge and focus on $6.7 of Total Loans 18.3% 18.8% 1
Slide 50: Vehicle Finance – Origination Trends
Vehicle Finance – Origination Trends Auto Loans: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $6.1 $5.2 $6.1 $6.9 $5.9 $6.1 $5.8 $6.2 % new vehicles 36% 40% 38% 43% 47% 46% 47% 50% Avg. LTV(1) 86% 86% 84% 85% 89% 90% 89% 88% Avg. FICO 782 779 777 772 775 772 766 767 Weigh
Slide 51: Residential Mortgage and Home Equity Origination Trends
Residential Mortgage and Home Equity Origination Trends Residential Mortgage: 2024 YTD 2023 2022 2021 2020 2019 2018 2017 Originations ($ in billions) $2.1 $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 YTD 2023
Slide 52: Change in Common Shares Outstanding
Change in Common Shares Outstanding Share Count (In millions) 3Q24 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 Beginning shares outstanding 1,452 1,449 1,448 1,448 1,448 1,444 1,443 1,443 Employee equity compensation 1 3 1 0 0 4 1 0 Share repurchases - - - - - - - - Ending shares outstanding 1,453 1,452 1,44
Slide 53: Tangible Book Value per Share
Tangible Book Value (TBV) per Share Tangible Book Value per Share Adjusted TBVPS, ex AOCI TBVPS $10.10 $9.90 $9.63 $9.64 $9.76 $9.40 $9.23 $8.96 $8.67 $8.65 $7.79 $7.77 $7.89 $7.32 $7.33 $7.12 $6.82 $6.40 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Adjusted TBV per Share CAGR 9.5% (3Q22-3Q24) See r
Slide 54: Hedging Balance Update
Hedging Balance Update Hedging Balance Update (as of 9/30/24) Notional Notional Effective Program Weighted WAL YTD Actions ($) ($) Avg Rate (%) (Years) PF Swaps $11.6 $10.7 1.49 2.78 No actions Total PF Swaps $11.6 $10.7 2.78 3Q24 Actions: Added $0.3 billion forward starting 4yr swaps; WA Rate: 3.46
Slide 55: Credit and Capital
Credit and Capital 2024 Third Quarter Earnings Review 55
Slide 56: CCAR Stress Test Highlights | Top-tier Performance
CCAR Stress Test Highlights | Top-tier Performance CCAR Cumulative Loan Losses as a % of Average Total Loans(1) Pre-TCF Acquisition 2020 2016 2017 2018 2020 Resubmission 2022 2024 Peer 1 4.4% Peer 1 4.2% Peer 1 5.2% HBAN 5.1% Peer 1 5.9% Peer 1 5.7% Peer 1 5.8% Peer 2 4.8% Peer 2 4.3% HBAN 5.3% Peer
Slide 57: CET1 Comparison versus Peers
CET1 Comparison versus Peers CET1 (Reported and Adjusted for ACL)(1) Peers at 2Q24 12.8% 12.8% 12.5% 12.1% 12.2% 12.1% 12.1% 12.1% 1.2% 1.3% 11.8% 11.8% 11.6% 1.0% 11.4% CET1 + ACL 1.7% 1.8% 1.5% 1.4% 1.8% 1.4% 1.3% 1.0% 1.2% ACL Impact 11.6% 11.5% 11.5% 10.4% 10.4% 10.6% 10.7% 10.3% 10.4% 10.5% 10.
Slide 58: Commercial Delinquencies
Commercial Delinquencies Commercial (30+ Days(1)) 0.43% 0.39% 0.33% 0.32% 0.30% 0.23% 0.21% 0.19% 0.20% 0.19% 0.18% 0.18% 0.15% 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Commercial (90+ Days(1)) 0.07% 0.05% 0.04% 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.01% 0.01% 0.01% 0.01% 3Q21
Slide 59: Consumer Delinquencies
Consumer Delinquencies Consumer (30+ Days(1)) 2.12% 2.05% 2.02% 1.81% 1.84% 1.80% 1.69% 1.75% 1.74% 1.72% 1.75% 1.76% Residential Mortgage 1.49% 1.33% 1.28% 1.31% 1.27% 1.18% 1.18% 1.19% 1.21% 1.19% 1.25% Total Consumer 1.15% 1.14% 1.09% 0.92% 0.92% 0.91% 1.01% 1.01% Home Equity 0.89% 0.91% 0.86% 0.
Slide 60: Criticized Commercial Loan Analysis
Criticized Commercial Loan Analysis End of Period ($ in millions) 3Q24 2Q24 1Q24 4Q23 3Q23 Criticized beginning-of-period $5,131 $5,496 $5,231 $4,534 $3,870 Additions / increases 1,002 1,044 1,186 1,484 1,555 Advances 191 192 247 180 178 Upgrades to “Pass” (817) (680) (599) (280) (504) Paydowns (732
Slide 61: Notes
Notes Slide 5: (1) AOCI adjustment aligned to the GSIB reporting requirement - exclusion of AOCI adjusted for cash flow hedges on loan portfolio (2) Based on estimated 9/30/24 uninsured deposits (3) Source: Company Second Quarter 2024 Form 10Q's. Includes publicly listed US‐based banks with >$50 bil
Slide 62: Notes
Notes Slide 33: (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 39: (1) Bank data as of 2Q24. Source: Company’
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