Work for in line with Huntington’s standalone 2022E efficiency metrics as implied of the IBES consensus quotes

10% CET1 Ratio? Trick Presumptions Driving Really worth getting Investors which have Enough time-Label Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Note: Select appendix to own detail. ? Professional manera estimated at the closure. ? Accretion method earnback. Real publication value for each share dilution inclusive of overall merger costs and CECL double matter ($0.62) divided by the 2022E GAAP EPS accretion that have completely realized cost synergies ($0.23). ? Technical innovation assets bills sustained 40% within the seasons step 1 toward others depreciated along the further step three years. 2022E pre-tax feeling out americash loans Strawberry of $20MM.

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

300bp Work with Source: S&P All over the world, Resource IQ, IBES Estimates; Note: Assumes totally know costs synergies. Totally Understood Cost Synergies 2022E ROA Clicking the Huntington Advantage during the a life threatening Reason for the brand new Duration

55 % 58 % 63 % Professional Manera Fellow #step one Peer #5 Peer #8 Fellow #9 Fellow #step 3 Peer #6 Fellow #cuatro Fellow #seven Peer #dos Peer #10

2x Money Administration Tune and you may learn your own paying and help you would and you can achieve your financial wants The fresh Centre Individualized Knowledge Leverage AI to add custom and you may proactive understanding Offers Automation Have fun with AI to analyze their spending models, income, and after that expenses to locate money you are not playing with on the account $150MM Progressive Technical Advancement Financial investments more step 3.five years?

60% ? Influence from inside the-house opportunities to possess treasury administration and funding places ? Device and you can globe vertical expertise to accomplish far more to have customers ? Business Administration positions by the 7(a) loan frequency. dos Screen 100 bank-had products finance organization to your a combined foundation. step 3 For each and every Bloomberg; 2019 All of us municipal underwriting manager by the frequency. 4 Greenwich Associates 2019 national and Midwest honours getting overall fulfillment, probability so you can suggest, and cash management. 5 Pro manera combined review in the usa from Kansas and you may Michigan. six Professional forma AUM getting combined organization. Powerful Possible opportunity to Drive Much time-Identity Growth Supporting Much time-Identity Wants to transmit Alternative, Through-the-Stage Returns Commercial Banking Company Financial Consumer & Personal Visitors #10 Municipal Underwriting3 #8 Equipment Finance2 #step 1 SBA seven(a) Lender in U.

80% post on loan collection of the balance Borrowing Diligence Method Examined exposure build, borrowing from the bank principles, actions, panel information, and you can financing files Testing of results trends across credit migration, delinquencies, and you can historic losings Commercial mortgage collection o Finest financing matchmaking and exposures o Covid-19 influenced markets o Resource Solutions, Inventory Loans, and other expertise lending portfolios Personal bank loan portfolio o Mathematical investigation round the collection segments and you can comment out of credit file products Strong Due diligence Processes sixteen Diligence Focus Section Industrial A residential property Specialty Lending Commercial Banking Consumer Banking Credit Underwriting & CECL Internal Audit & Judge Exposure Government I . t & Procedures Regulating & Compliance Sales & Communications Money, Income tax & Accounting Human resources Perseverance off Company-Wider Tips to assess Gurus, Risks, and you will Options Detailed Diligence Procedure Lined up to help you Maintaining Huntington’s Aggregate Average-to-Reasonable Chance Urges

$77MM) Center Put Intangible 0.50% away from TCF non-big date dumps Amortized using sum-of-ages digits more than ten years] Put Divestiture Estimated deposit divestiture out of

$450MM Other items Almost every other rate of interest fair market price customizations on the securities, time-dumps, borrowings which have $(45)MM once-tax perception to security and accreted as a consequence of income Permanent fair market value modifications on the repaired property, OREO, almost every other assets and you can obligations, and you can well-known stock having $(104)MM shortly after-income tax perception so you can equity 18% effective taxation rate for the TCF income and you can merger changes Capitalization Zero transform so you can financing allowance concerns Intricate Purchase Assumptions Pre-income tax $MM Credit Interest rate Total Draw PCD Mortgage Draw $(520) $(8) $(528) Non-PCD Loan Draw $(339) $380 $41 Total Financing Mark $(859) $372 $(487) 20

$450MM 18% energetic tax rates into TCF money and you may merger changes Persuasive Specialist Manera Monetary Feeling 10 GAAP EPS Accretion Extra Metrics >20% IRR