Work for relative to Huntington’s standalone 2022E results metrics once the designed of the IBES opinion prices

10% CET1 Ratio? Key Assumptions Driving Really worth getting Investors that have Enough time-Label Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Mention: Get a hold of appendix having outline. ? Expert manera projected during the closing. ? Accretion method earnback. Real publication worth each display dilution inclusive of full merger expenditures and you can CECL double count ($0.62) separated by the 2022E GAAP EPS accretion with completely knew costs synergies ($0.23). ? Technical creativity opportunities costs incurred 40% from inside the season step 1 on others depreciated along side after that step three decades. 2022E pre-taxation impact from $20MM.

Note: Colleagues were CFG, CMA, FHN, FITB, Key, MTB, PNC, RF, TFC, and you will ZION

300bp Benefit Resource: S&P International, Resource IQ, IBES Estimates; Note: Assumes totally understood prices synergies. Totally Realized Prices Synergies 2022E ROA Pressing this new Huntington Advantage within a critical Part of the brand new Stage

55 % 58 % 63 % Pro Manera Peer #step 1 Peer #5 Peer #8 Fellow #9 Peer #step three Fellow #six Peer #4 Peer #7 Peer #dos Fellow #ten

2x Money Management Track and you will become familiar with the using which help your would and you may reach finally your financial goals Brand new Center Customized Knowledge Leveraging AI to include customized and you will proactive wisdom Offers Automation Use AI to analyze their paying patterns, earnings, and you will upcoming costs to locate money you aren’t using on your account $150MM Progressive Technology Development Assets more 3.five years?

60% ? Leverage in the-domestic opportunities for treasury administration and you will capital segments ? Device and you can world vertical expertise accomplish a great deal more having consumers ? Small business Government ranking by eight(a) mortgage volume. 2 Display 100 financial-possessed products loans team towards a blended base. 3 For each and every Bloomberg; 2019 United states civil underwriting director because of the frequency. 4 Greenwich Couples 2019 federal and you may Midwest prizes getting complete fulfillment, probability so you can suggest, and cash government. 5 Expert manera shared rating in the states away from Kansas and Michigan. six Pro manera AUM to own mutual providers. Powerful Opportunity to Push A lot of time-Title Gains Supporting A lot of time-Term Requirements to send Green, Through-the-Years Returns Industrial Banking Team Banking Consumer & Private Client #10 Civil Underwriting3 #8 Devices Finance2 #step 1 SBA eight(a) Financial inside You.

80% writeup on financing portfolio by balances Borrowing from the bank Diligence Approach Analyzed risk build, borrowing regulations, strategies, panel material, and financing data files Investigations from abilities trend round the borrowing from the bank migration, delinquencies, and you can historic losings Commercial loan collection o Most readily useful credit dating and exposures o Covid-19 impacted marketplace o Funding Alternatives, Index Fund, or any other expertise financing portfolios Consumer loan portfolio o Mathematical studies around the portfolio areas and you will feedback from credit reports trials Strong Due diligence Techniques 16 Diligence Desire Portion Industrial A home Expertise Lending Commercial Financial User Financial Borrowing from the bank Underwriting & CECL Inner Review & Judge Exposure Government Information technology & Operations Regulating & Conformity Sale & Correspondence Finance, Tax & Bookkeeping Hr Persistence out-of Team-Wide Resources to evaluate Masters, Risks, and Possibilities Detailed Diligence Procedure Aimed so you can Maintaining Huntington’s Aggregate Modest-to-Reduced Chance Urges

$77MM) Center Deposit Intangible 0.50% away from TCF non-day deposits Amortized having fun with sum-of-ages digits over a decade] Deposit Divestiture Estimated deposit divestiture from

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$450MM Other activities Most other interest fair market price modifications towards ties, time-deposits, borrowings with $(45)MM shortly after-income tax impact to help you equity and you will accreted by way of money Long lasting fair market value alterations with the repaired assets, OREO, other assets and you can debts, and you can prominent stock having $(104)MM immediately after-income tax impact so you’re able to guarantee 18% productive taxation rate to the TCF money and you may merger alterations Capitalization Zero transform so you can resource allowance concerns Outlined Transaction Assumptions Pre-income tax $MM Borrowing from the bank Interest Full Draw PCD Loan Draw $(520) $(8) $(528) Non-PCD Mortgage Draw $(339) $380 $41 Full Mortgage Mark $(859) $372 $(487) 20

$450MM 18% productive taxation speed to your TCF earnings and you will merger modifications Compelling Professional Manera Monetary Perception 10 GAAP EPS Accretion A lot more Metrics >20% IRR