Huntington Bancshares (HBAN) Bernstein 42nd Annual Strategic Decisions Conference summary

Strategic vision and operating model

• Focus on a differentiated, relationship-based model delivering expertise nationally and locally, with a strong emphasis on customer trust and consistent performance through cycles.

• Recognized for culture and digital capabilities, with awards for workplace satisfaction and digital banking.

• Five key pillars: differentiated model, continuous investment, disciplined acquisitions, moderate risk appetite, and robust earnings growth.

Growth drivers and market expansion

• Recent acquisitions (Veritex and Cadence) are being integrated, with expense and revenue synergies targeted at $435M and $500M, respectively, over three years.

• Expansion into high-growth markets in Texas and the South, with significant branch buildout in the Carolinas and strong population growth in core markets.

• Specialty commercial verticals and digital capabilities are driving above-peer loan and deposit growth.

Financial performance and outlook

• Achieved 11% revenue growth, 16% adjusted earnings growth, and 19% tangible book value growth last year.

• Projecting 30% EPS growth from 2025 to 2027, with ROTCE targets of 18%-19% and tangible book value per share growth over 10%.

• Confident in sustaining organic growth and managing deposit costs despite a challenging rate environment.