Benefit in accordance with Huntington’s standalone 2022E overall performance metrics because the intended by the IBES consensus rates

10% CET1 Ratio? Key Presumptions Operating Worth for Shareholders with A lot of time-Title Upside 7% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.16 $0.23 2021E 2022E Notice: see this here Come across appendix having outline. ? Specialist manera projected at the closure. ? Accretion means earnback. Concrete book worthy of each share dilution including full merger costs and you can CECL double count ($0.62) split because of the 2022E GAAP EPS accretion that have completely understood prices synergies ($0.23). ? Tech development investments costs incurred forty% for the season step one with the remainder depreciated over the after that step 3 decades. 2022E pre-income tax feeling of $20MM.

Note: Co-workers tend to be CFG, CMA, FHN, FITB, Key, MTB, PNC, RF, TFC, and you can ZION

300bp Benefit Source: S&P Worldwide, Investment IQ, IBES Prices; Note: Takes on fully knew cost synergies. Fully Knew Costs Synergies 2022E ROA Pressing this new Huntington Virtue from the a life threatening Part of the fresh Stage

55 % 58 % 63 % Expert Manera Peer #step 1 Fellow #5 Fellow #8 Fellow #nine Fellow #step three Fellow #6 Fellow #cuatro Fellow #seven Peer #2 Fellow #ten

2x Money Administration Song and you can familiarize yourself with your own investing which help your would and you may achieve your monetary needs The fresh Heart Customized Knowledge Leverage AI to add customized and you can proactive insights Discounts Automation Explore AI to analyze the spending patterns, income, and up coming expenditures to acquire currency you’re not playing with on your own membership $150MM Incremental Technical Innovation Financial investments over 3.five years?

60% ? Control from inside the-domestic possibilities to possess treasury administration and you may money places ? Device and you can business straight expertise doing alot more to own customers ? Small company Management positions from the eight(a) mortgage regularity. 2 Display 100 financial-owned gadgets fund providers to your a blended base. 3 For every Bloomberg; 2019 All of us municipal underwriting movie director of the regularity. cuatro Greenwich Lovers 2019 federal and you will Midwest honors to possess complete pleasure, possibilities so you can recommend, and cash management. 5 Pro manera joint rating in the us of Kansas and you will Michigan. 6 Specialist manera AUM to own shared providers. Effective Chance to Drive Enough time-Title Progress Supporting Much time-Term Requires to deliver Alternative, Through-the-Stage Efficiency Commercial Financial Company Banking Individual & Private Buyer #10 Civil Underwriting3 #8 Gizmos Finance2 #1 SBA seven(a) Bank in the You.

80% breakdown of financing collection because of the stability Borrowing Diligence Method Examined exposure framework, borrowing regulations, steps, panel product, and you can loan data Testing away from abilities trend across borrowing from the bank migration, delinquencies, and you may historical loss Commercial financing profile o Top lending dating and you can exposures o Covid-19 affected areas o Funding Possibilities, Collection Finance, and other specialization financing profiles Personal bank loan profile o Mathematical research across the portfolio segments and opinion regarding credit reports samples Robust Due diligence Techniques 16 Diligence Attention Areas Industrial A home Expertise Credit Commercial Financial Individual Financial Borrowing Underwriting & CECL Interior Review & Courtroom Chance Management Information technology & Procedures Regulatory & Compliance Deals & Correspondence Finance, Taxation & Accounting Hr Time and effort away from Company-Greater Resources to evaluate Experts, Risks, and Ventures Outlined Diligence Process Aligned so you’re able to Keeping Huntington’s Aggregate Reasonable-to-Low Chance Appetite

$77MM) Key Deposit Intangible 0.50% out of TCF non-time deposits Amortized playing with contribution-of-decades digits more than 10 years] Put Divestiture Projected deposit divestiture regarding

$450MM Other things Almost every other interest fair market value adjustments to the ties, time-places, borrowings having $(45)MM immediately following-income tax effect so you can equity and you can accreted owing to earnings Long lasting fair market price alterations on the repaired possessions, OREO, other possessions and you will obligations, and you will prominent stock that have $(104)MM just after-income tax effect in order to equity 18% energetic taxation price into TCF earnings and you can merger customizations Capitalization Zero transform so you can money allocation concerns In depth Purchase Presumptions Pre-income tax $MM Credit Interest rate Full Draw PCD Mortgage Draw $(520) $(8) $(528) Non-PCD Financing Draw $(339) $380 $41 Total Loan Mark $(859) $372 $(487) 20

$450MM 18% effective tax rate into the TCF earnings and you may merger changes Persuasive Expert Manera Financial Impression ten GAAP EPS Accretion Most Metrics >20% IRR