Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Shareholder Meeting (April 2023)
21 slides from Huntington Bancshares's shareholder meeting presentation, Apr 19, 2023
Slide 1: 2023 Annual Shareholders' Meeting
Internal Use Welcome.® 2023 Annual Shareholders’ Meeting April 19, 2023 The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2023 Huntington Bancshares Incorporated.
Slide 2: Deeply Engaged, Diverse Board of Directors
2023 Annual Shareholders’ Meeting 2 Deeply Engaged, Diverse Board of Directors Stephen Steinour Chairman, President, and CEO Huntington Bancshares Incorporated President and CEO The Huntington National Bank Ann (Tanny) Crane President and CEO Crane Group Company Gina France CEO and President France
Slide 3: Welcome.
2023 Annual Shareholders’ Meeting 3 Welcome.® The Huntington National Bank is Member FDIC. ®, Huntington® and Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2023 Huntington Bancshares Incorporated.
Slide 4: Caution Regarding Forward-Looking Statements
2023 Annual Shareholders’ Meeting 4 CAUTION REGARDING FORWARD-LOOKING STATEMENTS The information contained or incorporated by reference in this Current Report on Form 8-K contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and
Slide 5: Chairman's Presentation: Discussion Topics
Chairman’s Presentation: Discussion Topics 2022 Year in Review Business / Strategy Update
Slide 6: Huntington: A Purpose-Driven Company
2023 Annual Shareholders’ Meeting 6 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 Business Strategies Guided by Through-the-Cycle Aggregate Mode
Slide 7: Strategic Execution: Operating from Position of Strength
2023 Annual Shareholders’ Meeting 7 11.3% 20.7%16.9% 8.9% 19.1% 21.5% 2019 2020 2021 2022 Notable Items ROTCE (GAAP) Return on Tangible Common Equity % ✓ Maintained solid credit quality with full-year net charge-offs of 0.11% ✓ Top tier ACL coverage ratio of 1.90% ✓ Solid capital position and signif
Slide 8: Huntington Bancshares Snapshot
2023 Annual Shareholders’ Meeting 8 $123 $174 $183 2020 2021 2022 $99 $143 $148 2020 2021 2022 Total Assets $183 Billion Total Loans $120 Billion Total Deposits $148 Billion EQUIPMENT FINANCE SBA LENDER #5 #1 NATIONALLY NATIONALLY (5 Years) $82 $112 $120 2020 2021 2022 Huntington Bancshares Snapshot
Slide 9: Total Shareholder Return and Capital Return to Shareholders
2023 Annual Shareholders’ Meeting 10-year Total Shareholder Return (TSR) 211% 180% HBAN Peer Median Capital Return to Shareholders ($ in millions) $621 $826 $908 $92 $650 $713 $1,476 $908 2020 2021 2022 Dividends Buybacks Dividends Declared Per Common Share $0.62 $0.50 $0.58 $0.60 $0.61 $0.62 2018 2
Slide 10: Leading Insured Deposit Base
2023 Annual Shareholders’ Meeting 10 Leading Insured Deposit Base Percent of Insured Deposits at 12/31/22 US Banks with > $50 billion in Deposits(1) 68.0% 67.4% 66.6% 63.1% 62.7% 62.6% 58.4% 57.6% 54.6% 54.2% 54.1% 52.9% 52.3% 50.8% 47.0% 45.0% 44.9% 42.3% 40.9% 39.7% 32.3% 15.1% HBAN Bank 1 Bank 2
Slide 11: Strong Credit Quality Matters in All Economic Scenarios
2023 Annual Shareholders’ Meeting 11 0.11% 0.18% HBAN Peer Median Net Charge-off Ratio(1) FY22 ACL Reserve Ratio (1) At 12/31/2022 1.90% 1.44% HBAN Peer Median •Huntington’s credit performance outperformed in 2022 with lower net charge-offs •Consistent top-tier credit performance, with loss coverage
Slide 12: Winning with Differentiation
2023 Annual Shareholders’ Meeting 12 • Strategic Growth Initiatives • TCF Revenue Synergies • Executive Team with Track Record of Successful Execution • Award Winning Digital • Continuous Launch of Disruptive Products • Agile Development Roadmaps • Top-tier Talent • Colleagues are our Brand • Passio
Slide 13: Our Commitment to Environmental, Social, & Governance (ESG)
2023 Annual Shareholders’ Meeting 13 Ranked #86 overall Ranked #7 within the financial sector Recent ESG Recognition Our commitment to ESG is a reaffirmation of our long-held commitment to do the right thing for our shareholders, customers, colleagues, and communities. 2022 ESG Report Delivering
Slide 14: First Quarter 2023 Earnings Call
2023 Annual Shareholders’ Meeting 14 First Quarter 2023 Earnings Call Thursday, April 20, 2023 11:00 a.m. ET Huntington’s management will host an earnings conference call the same day at 11:00 a.m. ET. The call, along with slides, may be accessed via a live Internet webcast in the Investor Relat
Slide 15: Use of Non-GAAP Financial Measures
2023 Annual Shareholders’ Meeting 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
Slide 16: Basis of Presentation
2023 Annual Shareholders’ Meeting 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 t
Slide 17: Notes
2023 Annual Shareholders’ Meeting Slide 7: (1) 2021 Brand Tracking Market Study (2) For J.D. Power 2022 award information, visit jdpower.com/awards (3) Forbes 2022 America’s Best Large Employers – Ranked #7 for Banking and Financial Services Slide 8: (1) 2021 Brand Tracking Market Study (2) Equipmen
Slide 18: Non-GAAP Reconciliation: Pre-Provision Net Revenue
2023 Annual Shareholders’ Meeting Pre-Provision Net Revenue ($ in millions) 2019 2020 2021 2022 4Q21 1Q22 2Q22 3Q22 4Q22 Total revenue $4,667 $4,815 $5,991 $7,254 $1,647 $1,645 $1,746 $1,902 $1,961 FTE adjustment 26 21 25 31 6 8 6 8 9 Total revenue (FTE) A 4,693 4,836 6,016 7,285 1,653 1,653 1,752 1
Slide 19: Return on Average Tangible Common Equity Reconciliation
2023 Annual Shareholders’ Meeting ($ in millions) 2019 2020 2021 2022 Average common shareholders’ equity $10,356 $10,618 $14,569 $16,096 Less: intangible assets and goodwill 2,246 2,201 4,108 5,688 Add: net tax effect of intangible assets 54 44 48 47 Average tangible common shareholders’ equity (A)
Slide 20: Quarterly Return on Tangible Common Equity Reconciliation
2023 Annual Shareholders’ Meeting ($ in millions) 4Q21 1Q22 2Q22 3Q22 4Q22 Average common shareholders’ equity $17,193 $16,898 $16,062 $16,150 $15,292 Less: intangible assets and goodwill 5,570 5,584 5,613 5,781 5,771 Add: net tax effect of intangible assets 52 49 46 43 42 Average tangible common sh
Slide 21: Huntington. Welcome.
(2) Huntington Welcome.
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