Benefit relative to Huntington’s stand alone 2022E results metrics since the created by the IBES consensus rates

10% CET1 Ratio? Key Presumptions Operating Value having Investors that have Much time-Term Upside seven% TBVPS Dilution 2.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Mention: Pick appendix to own outline. ? Specialist manera projected at the closure. ? Accretion strategy earnback. Real book worth for each share dilution including complete merger costs and you may CECL double number ($0.62) separated from the 2022E GAAP EPS accretion which have totally know pricing synergies ($0.23). ? Tech innovation opportunities bills sustained 40% in the season step one towards the sleep depreciated along the after that 3 decades. 2022E pre-tax effect out of $20MM.

Note: Co-workers tend to be CFG, CMA, FHN, FITB, Trick, MTB, PNC, RF, TFC, and ZION

300bp Work with Supply: S&P International, Resource IQ, IBES Quotes; Note: Assumes totally knew costs synergies. Totally Know Cost Synergies 2022E ROA Clicking brand new Huntington Advantage during the a serious Reason for the new Duration

55 % 58 % 63 % Pro Forma Peer #1 Fellow #5 Fellow #8 Fellow #nine Fellow #step 3 Peer #six Peer #cuatro Fellow #eight Fellow #dos Peer #10

2x Money Management Tune and become familiar with your expenses that assist you would and you can reach finally your financial wants The fresh Hub Personalized Understanding Leverage AI to incorporate customized and you can proactive information Savings Automation Play with AI to analyze their paying activities, money, and then expenses locate money you’re not playing with on the account $150MM Progressive Tech Development Investments over step three.five years?

60% ? Control when you look loans Alma CO at the-domestic capabilities to possess treasury administration and funding places ? Tool and you will globe straight specialty to-do more to possess users ? Small business Administration positions by 7(a) financing volume. 2 Monitor 100 financial-had products finance company for the a combined base. 3 For each and every Bloomberg; 2019 Us civil underwriting movie director by regularity. cuatro Greenwich Lovers 2019 national and you can Midwest honors to possess complete pleasure, chances so you’re able to strongly recommend, and money management. 5 Professional manera joint rank in the us away from Kansas and you may Michigan. six Expert manera AUM to have joint organization. Effective Possible opportunity to Drive A lot of time-Term Progress Helps Enough time-Name Requirements to deliver Alternative, Through-the-Duration Productivity Industrial Financial Company Banking Individual & Personal Visitors #ten Civil Underwriting3 #8 Devices Finance2 #step one SBA 7(a) Financial from inside the U.

80% breakdown of loan collection from the balances Borrowing from the bank Diligence Approach Assessed exposure framework, borrowing from the bank procedures, strategies, committee content, and loan records Review out-of efficiency style around the borrowing migration, delinquencies, and you can historic losings Commercial financing profile o Best credit relationships and exposures o Covid-19 inspired industries o Funding Choices, Collection Fund, or any other specialty lending profiles Personal loan portfolio o Statistical investigation round the profile locations and you will feedback out-of credit reports examples Robust Homework Techniques 16 Diligence Desire Elements Commercial A house Specialty Lending Commercial Financial Individual Banking Borrowing from the bank Underwriting & CECL Interior Audit & Judge Chance Government Information technology & Functions Regulatory & Conformity Revenue & Communications Funds, Tax & Accounting Recruiting Dedication regarding Team-Wide Tips to assess Experts, Risks, and Potential In depth Diligence Processes Aligned so you’re able to Maintaining Huntington’s Aggregate Average-to-Lowest Chance Appetite

$77MM) Core Deposit Intangible 0.50% from TCF non-day dumps Amortized using sum-of-ages digits more than ten years] Deposit Divestiture Estimated deposit divestiture out of

$450MM Other activities Other rate of interest reasonable market value alterations to your securities, time-deposits, borrowings having $(45)MM just after-taxation effect so you can equity and you can accreted courtesy income Long lasting fair market value alterations into the repaired assets, OREO, almost every other property and obligations, and you may preferred stock with $(104)MM after-income tax effect so you can equity 18% active tax speed towards TCF income and you may merger customizations Capitalization Zero change to help you financial support allotment priorities Intricate Deal Presumptions Pre-income tax $MM Credit Rate of interest Total Draw PCD Mortgage Mark $(520) $(8) $(528) Non-PCD Mortgage Draw $(339) $380 $41 Total Loan Draw $(859) $372 $(487) 20

$450MM 18% effective taxation rates to your TCF income and you can merger changes Powerful Pro Forma Economic Perception ten GAAP EPS Accretion A lot more Metrics >20% IRR