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S.step 1 6 Greenwich Organization Banking Awards4 #step one Financial Mortgage Creator Kansas / Michigan5 #8 Car Lender Lender $19B AUM6

S.step 1 6 Greenwich Organization Banking Awards4 #step one Financial Mortgage Creator Kansas / Michigan5 #8 Car Lender Lender $19B AUM6

Work with relative to Huntington’s stand alone 2022E efficiency metrics just like the created by the IBES opinion quotes

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10% CET1 Proportion? Trick Assumptions Operating Worthy of for Shareholders which have A lot of time-Label Upside eight% TBVPS Dilution 2.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Mention: Discover appendix to possess outline. ? Expert manera estimated from the closure. ? Accretion strategy earnback. Tangible guide worthy of per show dilution inclusive of complete merger expenses and you can CECL double count ($0.62) split by the 2022E GAAP EPS accretion that have completely realized rates synergies ($0.23). ? Technology advancement expenditures debts obtain forty% in season 1 on rest depreciated along the after that 3 age. 2022E pre-tax feeling out-of $20MM.

Note: Peers include CFG, CMA, FHN, FITB, Secret, MTB, PNC, RF, TFC, paydayloancolorado.net/silverthorne and you can ZION

300bp Work for Source: S&P Around the globe, Resource IQ, IBES Quotes; Note: Assumes on fully know cost synergies. Fully Knew Rates Synergies 2022E ROA Pressing this new Huntington Advantage on a life threatening Part of the fresh Course

55 % 58 % 63 % Expert Manera Fellow #step 1 Peer #5 Fellow #8 Peer #9 Fellow #step 3 Fellow #6 Peer #4 Peer #7 Fellow #2 Peer #10

2x Currency Government Tune and get to know their expenses and help your create and you can reach your economic requires The fresh new Hub Individualized Skills Leveraging AI to include customized and you may proactive expertise Offers Automation Fool around with AI to analyze your own investing activities, income, and after that expenses discover money you are not using on your account $150MM Incremental Tech Creativity Assets more step three.5 years?

60% ? Influence inside-home prospective to have treasury management and you can funding markets ? Product and you can globe straight specialty doing so much more having consumers ? Small business Management positions by the eight(a) loan regularity. 2 Monitor 100 bank-had equipment money organization to the a combined foundation. 3 For every single Bloomberg; 2019 All of us civil underwriting manager of the regularity. 4 Greenwich Couples 2019 national and you may Midwest prizes to have overall fulfillment, chances to suggest, and cash government. 5 Pro forma shared rank in the usa off Kansas and you will Michigan. six Professional forma AUM for mutual business. Strong Opportunity to Push Much time-Identity Gains Supporting Enough time-Title Wants to deliver Sustainable, Through-the-Years Returns Commercial Financial Organization Financial User & Private Buyer #ten Civil Underwriting3 #8 Equipment Finance2 #step one SBA eight(a) Bank within the You.

80% post on loan profile of the balances Borrowing from the bank Diligence Means Analyzed risk build, borrowing guidelines, measures, panel content, and mortgage files Review out of efficiency styles across borrowing migration, delinquencies, and you can historic losses Industrial loan profile o Best financing dating and you may exposures o Covid-19 inspired markets o Investment Options, Index Loans, or any other specialty financing portfolios Unsecured loan portfolio o Analytical data round the collection avenues and you may comment from credit history trials Powerful Research Techniques 16 Diligence Attract Portion Commercial A house Expertise Credit Industrial Banking User Financial Credit Underwriting & CECL Inner Audit & Legal Chance Government It & Procedures Regulatory & Compliance Deals & Communications Fund, Tax & Bookkeeping Recruiting Efforts out-of Company-Wider Tips to assess Professionals, Risks, and you will Possibilities In depth Diligence Processes Aligned so you can Maintaining Huntington’s Aggregate Average-to-Lowest Chance Urges

$77MM) Center Deposit Intangible 0.50% from TCF low-go out places Amortized using contribution-of-ages digits more than 10 years] Deposit Divestiture Projected put divestiture away from

$450MM Other activities Other rate of interest reasonable market value adjustments on the securities, time-deposits, borrowings which have $(45)MM shortly after-taxation effect so you can security and you will accreted through money Long lasting fair market value modifications to your fixed assets, OREO, almost every other possessions and you may obligations, and popular stock which have $(104)MM immediately following-taxation perception to equity 18% energetic income tax rate with the TCF earnings and you will merger improvements Capitalization No alter so you can financing allocation concerns In depth Deal Assumptions Pre-tax $MM Credit Rate of interest Overall Draw PCD Mortgage Draw $(520) $(8) $(528) Non-PCD Mortgage Draw $(339) $380 $41 Complete Loan Draw $(859) $372 $(487) 20

$450MM 18% active taxation rates towards TCF money and merger adjustments Persuasive Professional Manera Economic Impression 10 GAAP EPS Accretion Most Metrics >20% IRR