Contents:

• Wishing Feedback
• Inquiries and you can Responses
• Label People

Prepared Reviews:

Greetings, and you may thanks for visiting this new Huntington Bancshares 4th One-fourth 2020 money conference name. [User Guidelines] A question-and-answer class will follow the newest certified presentation. [Driver Guidelines].

Thank you so much you, Melissa. Greeting. I’m Draw Muth, Manager of Investor Relations for Huntington. Copies of your own glides we are going to end up being reviewing is present toward the fresh Individual Connections part of our very own website, huntington. This telephone call will be submitted and will be readily available since the good rebroadcast performing from the one hour throughout the intimate of the telephone call.

Our very own presenters now are Steve Steinour, President, President and Chief executive officer; Zach Wasserman, Captain Economic Officer; and you may Steeped Pohle, Chief Credit Officer. Since the noted on slip several https://paydayloansohio.org/, the current talk, for instance the Q&A time, tend to have pass-appearing statements. Such as for instance comments derive from recommendations and you will presumptions offered at which some time was at the mercy of changes, risks and uncertainties, that could bring about actual leads to differ materially. I suppose no obligation to posting such statements. To have a complete dialogue away from threats and uncertainties, excite reference which fall and you can topic filed into the SEC, and additionally all of our latest Models 10-K, 10-Q, and 8-K filings.

Thank-you, Draw. And you can good morning, someone. Slide three brings an introduction to Huntington’s strategy to generate this new best anybody very first electronically powered financial in the united states. The full season show reveal that we’re operating cash gains despite headwinds, the audience is concerned about obtaining new customers and you will deepening those people dating to acquire one another business and you may display off bag. We’re investing in buyers-centric facts, features and you will digital technical that may push alternative development and you may our very own performance, both today and for years to come.

Huntington operates a purposely varied organization activities, healthy anywhere between commercial and you may user, that gives an effective combination of money and you may borrowing visibility. We have oriented an aggressive virtue with these constantly superior customer care and you may our very own differentiated products. Our company is purchased development ideal-in-class electronic prospective such as for example our very own cellular banking software, which has been thought to be the highest in customer happiness by the J.D. Power two years consecutively.

Within the 2020, we put several the new creative products and has actually which can keep to help you serve all of our customers’ means and you will distinguish Huntington from the race. We are not complete, i have a pipeline from innovative services keeps that we commonly release all year round. We have a proven track record of strong performance, adjusting the performing plans to environmental surroundings to push shareholder production. Which acceptance us to submit our very own 8th straight seasons out-of self-confident operating leverage during the 2020. Our concentrated execution has and will enable us to guarantee expenditures from the products, somebody and you can digital prospective, that’ll push renewable enough time-identity gains and you can outperformance.

We’re such as enthusiastic about the TCF order we revealed history month, that provides a lot more size and you can growth opportunities, i filed the bank regulating software the other day and announced this new planned consolidation from 198 twigs. We are and work out a great improvements toward our preparations for combination later on this year. I stay on track on before established schedule, we anticipate the closing date late on the next quarter.

We have been pleased with all of our 2020 show and you may continued energy all over the bank, even after an extremely tricky performing ecosystem. And I am very pleased with the fresh new a good work of our acquaintances to get over the issues of your pandemic, also watch out for the people.

On season, we grew revenues step 3%, finance 6% and you will key deposits 11%. If you’re conclusion performance and you may EPS was indeed down on account of increased provisioning necessary beneath the CECL reserve accounting, our pre-taxation pre-provision money increased 4%. That are all quite strong efficiency.