Contents:

• Prepared Feedback
• Concerns and you will Solutions
• Label Professionals

Prepared Responses:

Greetings, and you can thanks for visiting the fresh new Huntington Bancshares Next One-fourth 2020 income fulfilling label. [Driver Information] A concern-and-respond to tutorial will follow brand new specialized speech. [User Rules].

Thank you so much your, Melissa. Welcome. I’m Mark Muth, Director away from Investor Affairs for Huntington. Copies of glides we shall feel examining can be obtained into the brand new Trader Affairs part of all of our webpages, huntington. That it call is being filed and additionally be offered since a beneficial rebroadcast starting on one hour throughout the intimate of the telephone call.

The presenters today was Steve Steinour, Chairman, President and you can President; Zach Wasserman, Master Economic Officer; and you will Rich Pohle, Captain Borrowing from the bank Manager. Due to the fact listed on slide two, the present discussion, for instance the Q&A time, often incorporate forward-searching statements. Particularly comments are based on guidance and presumptions offered by which some time is actually subject to transform, threats and concerns, that could bring about genuine leads to disagree materially. I suppose no obligation in order to update instance comments. To possess an entire dialogue off dangers and concerns, excite consider that it slip and you will matter registered into SEC, and our very own newest Versions ten-K, 10-Q, and you will 8-K filings.

Thank you so much, Draw. And you will good morning, individuals. Fall around three brings an overview of Huntington’s strategy to build the new top people very first digitally pushed financial in the country. Our complete season overall performance show that the audience is riding funds development even after headwinds, the audience is worried about obtaining new customers and you can deepening the individuals matchmaking to obtain one another market share and you will share away from handbag. Our company is investing in buyers-centric points, services and you will digital technology that drive green growth and you will our results, each other now and for years to come.

Huntington operates an intentionally varied providers activities, well-balanced between commercial and you may user, that offers good combination of cash and credit publicity. We now have dependent a competitive advantage with these constantly advanced customer care and the classified services and products. We have been dedicated to developing greatest-in-group electronic potential such as for example all of our cellular financial software, which has been thought to be the best from inside the customer care by J.D. Stamina 2 yrs consecutively.

Inside the 2020, we put multiple the fresh innovative products and has that can keep to help you serve the customers’ need and you may differentiate Huntington regarding the battle. We’re not over, we have a pipeline from innovative products and keeps that we usually release year round. I have a proven track record of good performance, changing our very own doing work intends to the environmental surroundings so you’re able to push shareholder yields. That it acceptance us to deliver our eighth straight seasons from positive working influence for the 2020. Our focused performance possess and certainly will permit me to make sure financial investments regarding the things, anybody and digital potential, which will push renewable a lot of time-term progress and you may outperformance.

Our company is such excited about the brand new TCF acquisition we announced past times, that provides most scale and you may growth solutions, i recorded the lending company regulatory programs last week and revealed the new arranged integration from 198 branches. Our company is and then make a good advances to the all of our plans to possess consolidation afterwards this current year. We stick to tune with the prior to now revealed plan, we anticipate the brand new closure date late in the next quarter.

We are happy with the 2020 abilities and you can went on energy across the lending company, even after an extremely problematic working environment. And you will I’m incredibly proud of the fresh new outstanding efforts in our acquaintances to conquer the difficulties of pandemic, and look out for the consumers.

On seasons, i grew income step 3%, funds six% and you may center dumps 11%. When you’re realization abilities and you may EPS was off because of raised provisioning requisite underneath the CECL set-aside bookkeeping, our very own pre-income tax pre-supply income improved cuatro%. And these are all quite strong show.