S.step 1 six Greenwich Providers Financial Awards4 #1 Lender Financial Maker Ohio / Michigan5 #8 Automobile Lender Financial $19B AUM6

Work for in line with Huntington’s standalone 2022E performance metrics given that intended of the IBES consensus prices

10% CET1 Ratio? Key Presumptions Riding Worth to own Shareholders that have A lot of time-Term Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.16 $0.23 2021E 2022E Notice: See appendix having detail. ? Professional forma estimated during the closure. ? Accretion means earnback. Concrete publication value for each and every express dilution including total merger costs and CECL double count ($0.62) separated by 2022E GAAP EPS accretion that have completely understood pricing synergies ($0.23). ? Technical creativity assets expenses obtain 40% from inside the 12 months step one to your others depreciated across the further step three decades. 2022E pre-tax effect of $20MM.

Note: Peers become CFG, CMA, FHN, FITB, Key, MTB, PNC, RF, TFC, and you can ZION

300bp Work for Provider: S&P All over the world, Financial support IQ, IBES Prices; Note: Assumes completely understood cost synergies. Totally Realized Prices Synergies 2022E ROA Pressing the fresh new Huntington Advantage during the a significant Point in the fresh new Course

55 % 58 % 63 % Expert Forma Peer #step 1 Peer #5 Peer #8 Fellow #nine Peer #3 Fellow #six Fellow #cuatro Fellow #7 Fellow #2 Peer #10

2x Money Government Track and you may get to know their using which help you do and you can reach your financial requirements This new Heart Customized Understanding Leverage AI to provide customized and you may hands-on facts Discounts Automation Fool around with AI to research your own expenses designs, money, and after that costs to find money you are not using on your membership $150MM Incremental Technology Development Investments more than step 3.5 years?

60% ? Control in-household opportunities to possess treasury government and you may financial support locations ? Device and you can community straight specialty to do more to have consumers ? Small business Government ranking by the eight(a) financing volume. dos Monitor 100 bank-possessed gadgets financing business to your a combined base. 3 Per Bloomberg; 2019 United states civil underwriting director because of the frequency. 4 Greenwich Associates 2019 national and you will Midwest prizes to possess overall satisfaction, possibilities in order to recommend, and money administration. 5 Pro forma shared rating in the states out-of Ohio and Michigan. 6 Expert forma AUM to have combined providers. Strong Possibility to Push A lot of time-Name Progress Supporting Enough time-Name Needs to transmit Green, Through-the-Stage Returns Commercial Financial Team Financial Individual & Individual Consumer #10 Civil Underwriting3 #8 Gadgets Finance2 #step 1 SBA seven(a) Financial in the You.

80% review of financing portfolio by the stability Borrowing Diligence Means Reviewed exposure construction, borrowing from the bank procedures, steps, panel information, and you may financing data files Assessment of abilities trends around the borrowing migration, delinquencies, and historical losings Commercial financing collection o Most readily useful financing relationship and exposures o Covid-19 influenced markets o Financing Possibilities, Index Loans, or any other specialization credit profiles Personal loan collection o Mathematical investigation around the profile places and you may remark of credit file samples Sturdy Due diligence Process 16 Diligence Appeal Components Industrial A property Specialization Lending Industrial see this here Banking Consumer Banking Credit Underwriting & CECL Inner Review & Judge Risk Management Information technology & Functions Regulatory & Compliance Sales & Communication Financing, Taxation & Accounting Recruiting Effort off Providers-Large Info to assess Advantages, Risks, and you can Solutions In depth Diligence Processes Aligned so you’re able to Keeping Huntington’s Aggregate Moderate-to-Lowest Exposure Appetite

$77MM) Core Put Intangible 0.50% regarding TCF low-date dumps Amortized having fun with share-of-age digits over 10 years] Deposit Divestiture Projected put divestiture out-of

$450MM Other things Almost every other rate of interest reasonable market price changes towards the ties, time-places, borrowings that have $(45)MM just after-tax impression so you can collateral and accreted using earnings Long lasting fair market price adjustments on the fixed possessions, OREO, almost every other assets and you may debts, and you may preferred inventory that have $(104)MM just after-income tax feeling so you’re able to equity 18% effective taxation rate on the TCF income and you will merger improvements Capitalization Zero alter so you’re able to resource allocation concerns Intricate Exchange Assumptions Pre-tax $MM Credit Interest Overall Draw PCD Loan Draw $(520) $(8) $(528) Non-PCD Mortgage Draw $(339) $380 $41 Full Mortgage Draw $(859) $372 $(487) 20

$450MM 18% effective income tax rates toward TCF money and you may merger adjustments Persuasive Professional Manera Financial Perception 10 GAAP EPS Accretion More Metrics >20% IRR