S.step one six Greenwich Company Banking Awards4 #step 1 Lender Mortgage Founder Kansas / Michigan5 #8 Vehicle Financial Bank $19B AUM6

Work with prior to Huntington’s standalone 2022E abilities metrics because the required by IBES consensus quotes

10% CET1 Ratio? Trick Assumptions Driving Worthy of to have Shareholders having Long-Identity Upside 7% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.16 $0.23 2021E 2022E Note: Find appendix to own detail. ? Specialist forma projected from the closure. ? Accretion means earnback. Tangible publication value for each display dilution inclusive of total merger costs and you may CECL twice count ($0.62) separated by the 2022E GAAP EPS accretion with completely knew cost synergies ($0.23). ? Technology development investments expense incurred 40% inside the 12 months step one for the rest depreciated along the after that step 3 ages. 2022E pre-income tax perception out-of $20MM.

Note: Colleagues is CFG, CMA, FHN, FITB, Trick, MTB, PNC, RF, TFC, and ZION

300bp Benefit Origin: S&P Around the globe, Funding IQ, IBES Rates; Note: Takes on totally know pricing synergies. Completely Understood Costs Synergies 2022E ROA Clicking this new Huntington Virtue at the a significant Point in the new Years

55 % 58 % 63 % Professional Manera Fellow #1 Fellow #5 Peer #8 Peer #9 Peer #3 Fellow #six Fellow #4 Fellow #7 Fellow #dos Fellow #ten

2x Currency Management Song and you may become familiar with your own expenses and help your carry out and you may reach finally your economic requirements The Heart Customized Knowledge Leveraging AI to incorporate customized and you may hands-on knowledge Coupons Automation Play with AI to analyze the purchasing models, income, and you will up coming costs discover currency you are not having fun with on your own account $150MM Incremental Technical Development Assets over step three.five years?

60% ? Influence in the-household potential having treasury government and investment markets ? Product and you can industry vertical specialty to complete far more for people ? Small business Management ranking by 7(a) financing frequency. 2 Display 100 bank-owned gadgets financing providers on the a mixed foundation. step three For every single Bloomberg; 2019 United states civil underwriting manager from the regularity. 4 Greenwich Associates 2019 national and you may Midwest honours getting total fulfillment, chances so you’re able to highly recommend, and money management. 5 Expert forma joint rating in the states away from Kansas and you can Michigan. six Expert manera AUM to possess joint business. Effective Chance to Push Much time-Title Increases Supports Much time-Title Wants to transmit Renewable, Through-the-Cycle Productivity Commercial Banking Organization Financial User cash advance CO Fort Garland & Individual Buyer #10 Municipal Underwriting3 #8 Devices Finance2 #step 1 SBA seven(a) Financial for the You.

80% summary of loan portfolio because of the balances Credit Diligence Means Analyzed exposure structure, credit regulations, tips, panel product, and you may loan data files Testing out-of results fashion across credit migration, delinquencies, and you will historic loss Industrial mortgage collection o Most useful credit relationships and you will exposures o Covid-19 impacted markets o Funding Choice, Inventory Funds, or other expertise credit profiles Personal bank loan portfolio o Statistical investigation all over collection areas and you will remark off credit history trials Powerful Homework Processes 16 Diligence Appeal Areas Industrial Real estate Specialization Financing Industrial Banking Individual Financial Credit Underwriting & CECL Inner Review & Legal Chance Management Information technology & Operations Regulating & Compliance Product sales & Correspondence Loans, Income tax & Bookkeeping Recruiting Time and effort out-of Providers-Large Tips to assess Masters, Risks, and you can Possibilities In depth Diligence Process Aligned so you can Keeping Huntington’s Aggregate Moderate-to-Lowest Chance Cravings

$77MM) Center Deposit Intangible 0.50% away from TCF low-time deposits Amortized having fun with contribution-of-ages digits more ten years] Deposit Divestiture Estimated put divestiture regarding

$450MM Other stuff Almost every other rate of interest reasonable market value changes into the bonds, time-deposits, borrowings which have $(45)MM just after-tax perception to help you equity and you will accreted as a result of earnings Permanent fair market value adjustments towards the repaired assets, OREO, almost every other possessions and you will obligations, and you can popular stock which have $(104)MM just after-taxation feeling so you’re able to guarantee 18% energetic tax rate to your TCF earnings and you may merger changes Capitalization Zero transform in order to resource allotment concerns Intricate Purchase Assumptions Pre-income tax $MM Credit Rate of interest Total Draw PCD Loan Mark $(520) $(8) $(528) Non-PCD Loan Mark $(339) $380 $41 Complete Loan Mark $(859) $372 $(487) 20

$450MM 18% productive taxation rate towards TCF earnings and you may merger modifications Powerful Professional Forma Monetary Feeling 10 GAAP EPS Accretion Extra Metrics >20% IRR