Huntington Bancshares (HBAN) 2026 RBC Capital Markets Global Financial Institutions Conference summary

Strategic Model, Vision, and Growth Momentum

• Built a differentiated super regional bank model with multiple growth engines, customer-centricity, and disciplined integration of new partners.

• Operating a powerhouse consumer and regional banking franchise in 21 states, complemented by growing national commercial businesses and local leadership with decision-making authority.

• Strong digital capabilities, robust risk management, and a proven flywheel compounding growth, earnings, and top-tier returns.

• Healthy lending pipelines and specialty verticals in new geographies drive continued growth and expansion.

• Recognized with 15 Best Bank Awards and multiple deal awards for excellence in commercial banking.

Partnership Integrations, Synergies, and Operational Efficiency

• Veritex and Cadence partnerships closed, expanding reach and scale in attractive markets, with integration progressing efficiently and high talent retention.

• Integration of recent acquisitions is on track, with systems conversions and cost synergies progressing as expected.

• Expense synergies projected to reach a $435 million run-rate by 2027, reducing 2026 operating expenses by $340 million and adding $100 million benefit in 2027.

• Revenue synergies expected to exceed $500 million cumulatively over three years, with a $300 million+ run-rate by 2028.

• Systematic re-engineering of baseline expenses has created over $1.4 billion in cumulative efficiency gains since 2019.

Financial Outlook, Performance, and Shareholder Value

• FY26 guidance unchanged, with net interest income projected to grow 10-13% and noninterest income 13-16%.

• Confident in delivering 150-200 bps core operating leverage and 500-600 bps total operating leverage in 2026, with an efficiency ratio target of ~56% by 4Q26.

• Cadence expected to contribute $1.8 billion net interest income, $300 million fee revenue, and $1.1 billion expenses in 2026.

• 2027 EPS target of $1.90-$1.93, with share repurchase program upsized to $550 million in 2026 and $1.1-$1.2 billion in 2027.

• Internal capital generation and post-acquisition TBV expansion support high single-digit to low double-digit tangible book value per share growth through 2027 and beyond.