Work for in line with Huntington’s standalone 2022E results metrics just like the implied because of the IBES consensus prices

10% CET1 Ratio? Trick Presumptions Riding Well worth for Shareholders that have Enough time-Identity Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Notice: Get a hold of appendix to own detail. ? Specialist forma projected within closure. ? Accretion approach earnback. Tangible book worthy of each show dilution inclusive of complete merger costs and you will CECL double count ($0.62) split up by 2022E GAAP EPS accretion which have completely understood costs synergies ($0.23). ? Technical innovation expenditures expense sustained forty% inside 12 months step 1 towards the remainder depreciated across the then step 3 years. 2022E pre-income tax perception out-of $20MM.

Note: Colleagues become CFG, CMA, FHN, FITB, Secret, MTB, PNC, RF, TFC, and ZION

300bp Benefit Resource: S&P Around the globe, Money IQ, IBES Rates; Note: Assumes completely knew prices synergies. Totally Knew Cost Synergies 2022E ROA Pressing this new Huntington Advantage at the a critical Part of this new Cycle

55 % 58 % 63 % Pro Manera Peer #step 1 Fellow #5 Peer #8 Peer #9 Fellow #step three Fellow #six Fellow #4 Peer #seven Fellow #dos Fellow #10

2x Money Administration Track and you will become familiar with your investing that assist you carry out and you can reach your financial specifications The latest Hub Individualized Skills Leverage AI to include individualized and you will proactive wisdom Discounts Automation Play with AI to analyze your own paying models, income, and you will up coming costs to track down currency you’re not using on the account $150MM Incremental Technical Innovation Investments over step 3.5 years?

60% ? Leverage in the-family capabilities for treasury government and you may investment locations ? Product and you will world vertical specialty to-do much more to own people ? Home business Government ranks of the seven(a) mortgage frequency. 2 Display 100 bank-possessed devices finance business into the a mixed basis. step 3 For every Bloomberg; 2019 You municipal underwriting manager by the regularity. 4 Greenwich Lovers 2019 national and Midwest honors to own overall satisfaction, possibilities to recommend, and money management. 5 Pro forma combined score in the usa out of Ohio and you may Michigan. six Specialist manera AUM to own mutual providers. Strong Possible opportunity to Push A lot of time-Term Gains Helps Much time-Title Specifications to transmit Sustainable, Through-the-Stage Yields Commercial Financial Team Financial User & Individual Client #10 Municipal Underwriting3 #8 Devices Finance2 #step 1 SBA 7(a) Financial when you look at the You.

80% post on financing portfolio of the stability Borrowing from the bank Diligence Means Assessed chance structure, credit rules, steps, panel content, and you can mortgage records Investigations away from performance fashion around the credit migration, delinquencies, and you will historic loss Commercial mortgage profile o Most useful lending relationships and you will exposures o Covid-19 inspired markets o Financing Options, Collection Loans, or any other specialization lending profiles Unsecured loan profile o Statistical studies across portfolio segments and you may comment off credit file examples Powerful Homework Techniques sixteen Diligence Attract Components Commercial A residential property Specialization Lending Commercial Financial Consumer Financial go to the website Borrowing from the bank Underwriting & CECL Inner Audit & Judge Exposure Administration I . t & Surgery Regulatory & Conformity Income & Communication Financing, Tax & Accounting Human resources Persistence out of Team-Large Information to assess Professionals, Dangers, and you can Ventures Intricate Diligence Procedure Aimed in order to Keeping Huntington’s Aggregate Average-to-Lower Exposure Urges

$77MM) Core Deposit Intangible 0.50% away from TCF low-time places Amortized playing with sum-of-years digits over 10 years] Deposit Divestiture Projected put divestiture from

$450MM Other activities Other rate of interest reasonable market value adjustments on the ties, time-places, borrowings that have $(45)MM immediately after-taxation perception in order to security and you can accreted courtesy earnings Long lasting reasonable market price alterations to your fixed property, OREO, most other possessions and you will debts, and you may well-known stock which have $(104)MM immediately after-tax impact to equity 18% productive tax speed toward TCF money and you will merger adjustments Capitalization Zero alter in order to money allocation concerns Detail by detail Purchase Presumptions Pre-taxation $MM Borrowing from the bank Rate of interest Total Mark PCD Loan Mark $(520) $(8) $(528) Non-PCD Financing Mark $(339) $380 $41 Complete Mortgage Draw $(859) $372 $(487) 20

$450MM 18% active taxation rates into TCF money and you can merger improvements Powerful Professional Manera Economic Perception 10 GAAP EPS Accretion Even more Metrics >20% IRR