Work for in accordance with Huntington’s standalone 2022E performance metrics because the required from the IBES consensus prices

10% CET1 Ratio? Key Assumptions Operating Value for Shareholders that have Enough time-Identity Upside 7% TBVPS Dilution 2.7yr TBVPS Earnback? $0.09 $0.16 $0.23 2021E 2022E Notice: Look for appendix to possess outline. ? Expert forma estimated at closing. ? Accretion means earnback. Concrete publication worth for each express dilution inclusive of full merger expenditures and you can CECL twice amount ($0.62) split up of the 2022E GAAP EPS accretion with totally understood prices synergies ($0.23). ? Technology development investment bills incurred 40% in the season 1 into others depreciated across the further step three many years. 2022E pre-income tax effect out of $20MM.

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

300bp Work for Provider: S&P Internationally, Financing IQ, IBES Quotes; Note: Takes on totally knew pricing synergies. Totally Know Cost Synergies 2022E ROA Pressing the new Huntington Advantage within a life threatening Point in brand new Duration

55 % 58 % 63 % Professional Manera Peer #1 Peer #5 Fellow #8 Fellow #9 Peer #step three Fellow #6 Fellow #4 Fellow #eight Peer #dos Peer #10

2x Money Government Track and you may get acquainted with your expenses and help your manage and you can achieve your economic specifications The new Middle Customized Knowledge Leveraging AI to include customized and you may hands-on information Discounts Automation Explore AI to analyze your using patterns, earnings, and upcoming expenditures to acquire currency you aren’t having fun with on your account $150MM Incremental Technical Invention Expenditures more than step three.5 years?

60% ? Power in-household potential to possess treasury government and you can funding areas ? Device and you may globe straight specialty accomplish way more having consumers ? Small business Administration ranks by the eight(a) financing frequency. 2 Screen 100 bank-owned gizmos loans team on a blended base. step three Per Bloomberg; 2019 You municipal underwriting movie director by frequency. 4 Greenwich Partners 2019 national and you will Midwest honours to own overall pleasure, possibilities to help you recommend, and money government. 5 Specialist forma joint rating in the usa out-of Kansas and Michigan. six Pro forma AUM to possess joint organization. Strong Opportunity to Push Enough time-Term Progress Aids Long-Identity Goals to deliver Green, Through-the-Duration Returns Commercial Financial Organization Banking Individual & Private Customer #10 Civil Underwriting3 #8 Equipment Finance2 #step one SBA eight(a) Financial inside the You.

80% report about financing collection by the balance Borrowing from the bank Diligence Means Assessed risk structure, credit procedures, actions, committee material, and you will loan documents Review regarding abilities trends across borrowing from the bank migration, delinquencies, and you will historical loss Industrial financing collection o Greatest financing relationships and you may exposures o Covid-19 impacted industries o Resource Possibilities, Directory Finance, or other specialization lending portfolios Personal loan collection o Analytical investigation around the profile locations and you will comment of credit reports trials Strong Due diligence Techniques sixteen Diligence Notice Portion Industrial A home Expertise Lending Commercial Financial Consumer Banking Borrowing from the bank Underwriting & CECL Interior Audit & Legal Chance Government It & Surgery Regulating & Conformity Revenue & Correspondence Money, Taxation & Bookkeeping Hr Time and energy from Business-Large Tips to evaluate Experts, Dangers, and you can Opportunities Detailed Diligence Process Aimed so you’re able to Keeping Huntington’s Aggregate Moderate-to-Reasonable Exposure Appetite

$77MM) Center Deposit Intangible 0.50% from TCF non-go out dumps Amortized using sum-of-age digits over ten years] Put Divestiture Projected put divestiture regarding

$450MM Other items Most other rate of interest reasonable market price modifications towards the bonds, time-deposits, borrowings which have $(45)MM once-taxation impact in order to collateral payday loans Wiggins and you will accreted compliment of earnings Long lasting fair market value adjustments for the fixed property, OREO, almost every other assets and obligations, and well-known inventory which have $(104)MM shortly after-taxation feeling so you’re able to security 18% energetic taxation price for the TCF earnings and you may merger customizations Capitalization Zero change in order to resource allowance goals Detailed Purchase Presumptions Pre-taxation $MM Borrowing Rate of interest Overall Mark PCD Financing Mark $(520) $(8) $(528) Non-PCD Loan Mark $(339) $380 $41 Complete Financing Draw $(859) $372 $(487) 20

$450MM 18% active tax rates towards the TCF income and you will merger modifications Compelling Pro Manera Monetary Effect ten GAAP EPS Accretion Even more Metrics >20% IRR