Huntington Bancshares (HBAN) Investor presentation summary

Purpose and strategy

• Focused on improving lives, supporting businesses, and strengthening communities, with a vision to be a leading people-first, digitally powered bank.

• Pursues organic growth, leveraging a strong capital and liquidity base, and expanding into new markets and verticals.

• Maintains a moderate-to-low risk appetite, emphasizing disciplined client selection and portfolio management.

Financial performance and outlook

• Reported 2Q24 GAAP EPS of $0.30, ROTCE of 16.1%, and tangible book value growth of 7.6% YoY.

• Loans grew 1.7% YoY and deposits 5.5% YoY, with net interest income up 1.9% QoQ and noninterest income up 5.1% QoQ.

• FY24 guidance projects 3–4% growth in average loans and deposits, noninterest income up 5–7%, and net charge-offs in the 25–35bps range.

Capital, liquidity, and risk management

• CET1 ratio at 10.4% and adjusted CET1 at 8.6%, with total loss absorbing capacity above peer median.

• Maintains robust liquidity, with available liquidity at $95B and 204% coverage of uninsured deposits.

• Active balance sheet hedging program reduces interest rate and capital volatility.