Benefit relative to Huntington’s standalone 2022E efficiency metrics due to the fact suggested from the IBES consensus quotes

10% CET1 Ratio? Key Assumptions Riding Well worth having Shareholders which have Enough time-Identity Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Note: Pick appendix for outline. ? Pro manera estimated at the closure. ? Accretion strategy earnback. Concrete guide really worth for every single express dilution including overall merger expenditures and you will CECL double matter ($0.62) split because of the 2022E GAAP EPS accretion that have completely realized cost synergies ($0.23). ? Tech creativity investment expenses obtain forty% when you look at the season step 1 towards the relax depreciated along the next step three age. 2022E pre-income tax effect regarding $20MM.

Note: Co-workers are CFG, CMA, FHN, FITB, Key, MTB, PNC, RF, TFC, and you can ZION

300bp Work with Source: S&P All over the world, Money IQ, IBES Estimates; Note: Takes on completely realized prices synergies. Fully Knew Prices Synergies 2022E ROA Pressing the newest Huntington Advantage from the a life threatening Reason for this new Period

55 % 58 % 63 % Expert Manera Peer #step 1 Peer #5 Peer #8 Fellow #nine Fellow #step three Peer #6 Peer #4 Peer #7 Fellow #dos Peer #10

2x Currency Administration Track and get to know your spending that assist your do and reach your economic goals The latest Center Customized Expertise Leveraging AI to include customized and you may proactive wisdom Coupons Automation Explore AI to analyze the purchasing models, money, and upcoming costs to find money you’re not having fun with on your membership $150MM Incremental Technology Creativity Expenditures more than step three.5 years?

60% ? Control during the-household capabilities for treasury government and financial support places ? Unit and a knockout post you will business vertical specialty to accomplish alot more for consumers ? Small business Government ranking of the eight(a) loan frequency. dos Display 100 bank-possessed products funds company with the a combined foundation. step 3 For every single Bloomberg; 2019 You civil underwriting movie director by frequency. 4 Greenwich Couples 2019 national and you will Midwest prizes getting full fulfillment, probability to recommend, and money administration. 5 Expert manera mutual score in the us away from Kansas and you can Michigan. six Specialist manera AUM to possess shared business. Powerful Possible opportunity to Drive A lot of time-Term Development Supporting Much time-Title Wants to deliver Alternative, Through-the-Years Production Commercial Banking Organization Financial User & Individual Consumer #10 Civil Underwriting3 #8 Gizmos Finance2 #1 SBA 7(a) Financial into the U.

80% overview of mortgage portfolio because of the balances Borrowing Diligence Method Analyzed chance structure, borrowing policies, procedures, panel materials, and you may loan data files Evaluation regarding results style across borrowing migration, delinquencies, and historic losings Industrial loan portfolio o Top lending relationships and you can exposures o Covid-19 impacted areas o Capital Possibilities, Inventory Fund, or other expertise lending portfolios Unsecured loan collection o Statistical investigation across collection places and opinion out of credit history products Sturdy Homework Techniques sixteen Diligence Appeal Section Commercial A property Specialty Credit Commercial Banking Consumer Financial Borrowing from the bank Underwriting & CECL Interior Review & Court Chance Management Information technology & Surgery Regulatory & Compliance Marketing & Interaction Fund, Tax & Bookkeeping Hr Time and effort off Team-Wide Resources to evaluate Gurus, Threats, and you may Ventures Intricate Diligence Processes Lined up so you can Maintaining Huntington’s Aggregate Modest-to-Lowest Risk Cravings

$77MM) Center Deposit Intangible 0.50% of TCF low-big date places Amortized using share-of-decades digits over ten years] Deposit Divestiture Projected deposit divestiture off

$450MM Other things Other interest rate fair market price modifications for the ties, time-places, borrowings with $(45)MM immediately following-tax feeling so you can security and accreted courtesy income Permanent fair market price changes for the fixed possessions, OREO, most other possessions and you will obligations, and you will preferred inventory with $(104)MM just after-income tax impression to collateral 18% energetic income tax rates with the TCF money and merger modifications Capitalization No alter in order to funding allotment priorities Detail by detail Exchange Assumptions Pre-tax $MM Borrowing from the bank Rate of interest Complete Draw PCD Mortgage Mark $(520) $(8) $(528) Non-PCD Financing Draw $(339) $380 $41 Total Financing Mark $(859) $372 $(487) 20

$450MM 18% productive income tax rate on the TCF earnings and merger customizations Compelling Expert Forma Financial Feeling 10 GAAP EPS Accretion Even more Metrics >20% IRR