Huntington Bancshares (HBAN) Investor presentation summary

Strategic vision and growth initiatives

• Focused on being a leading people-first, digitally powered bank with a moderate-to-low risk appetite and strong community impact.

• Achieved 4.6% YoY loan growth and 6.4% YoY deposit growth, outpacing peers and setting up for strong 2025 momentum.

• Expanded into new geographies (Carolinas, Texas) and launched six new commercial verticals, contributing to 35% of loan growth (ex-CRE).

• Maintained disciplined expense management while investing in revenue-producing initiatives.

• Enhanced regional banking model and de novo branch expansion to drive local market penetration and profitability.

Financial performance and outlook

• Reported 3Q24 GAAP EPS of $0.33 and ROTCE of 16.2%, with PPNR up 8.3% QoQ and net interest income up 2.9% QoQ.

• Average loans grew 3.1% YoY and average deposits grew 5.6% YoY, both above peer medians.

• FY24 outlook projects 4-5% YoY growth in average loans and deposits, with net charge-offs expected at ~30bps.

• Record net interest income expected in FY25, driven by organic growth, new initiatives, and technology investments.

• Noninterest income up 12% YoY, with strong contributions from payments, wealth management, and capital markets.

Credit quality and capital management

• Maintained top quartile credit performance with NCOs at 30bps vs. peer median of 48bps and ACL coverage at 1.93%.

• CRE loans represent 9.1% of total loans, with top-tier reserve coverage (4.4%) and diversified property types.

• Strong capital position with adjusted CET1 ratio at 8.9% and tangible book value per share up 21.5% YoY.

• Peer-leading liquidity with $95B in available liquidity, covering 195% of uninsured deposits.

• Dynamic balance sheet hedging program reduces NIM volatility and protects capital in varying rate environments.