Benefit according to Huntington’s stand alone 2022E overall performance metrics as the created by the IBES opinion rates

10% CET1 Ratio? Key Assumptions Riding Value to possess Investors with Much time-Term Upside seven% TBVPS Dilution 2.7yr TBVPS Earnback? $0.09 $0.sixteen $0.23 2021E 2022E Mention: Find appendix having outline. ? Specialist forma projected at closing. ? Accretion approach earnback. Tangible guide value each display dilution including total merger expenses and you can CECL twice number ($0.62) split of the 2022E GAAP EPS accretion having fully know cost synergies ($0.23). ? Technology development financial investments debts incurred forty% in the season 1 with the rest depreciated along side then step 3 years. 2022E pre-taxation perception out of $20MM.

Note: Co-worker are CFG, CMA, FHN, FITB, Secret, MTB, PNC, RF, TFC, and ZION

300bp Benefit Source: S&P All over the world, Funding IQ, IBES Estimates; Note: Assumes fully knew pricing synergies. Completely Know Prices Synergies 2022E ROA Pressing the new Huntington Advantage during the a serious Reason for the newest Stage

55 % 58 % 63 % Expert Forma Fellow #1 Peer #5 Peer #8 Peer #9 Peer #3 Fellow #six Fellow #4 Fellow #eight Peer #dos Fellow #ten

2x Currency Government Track and you may analyze your own using and help your create and reach your monetary requirements The fresh new Centre Personalized Facts Leverage AI to add personalized and you can proactive insights Savings Automation Play with AI to research the paying patterns, earnings, and following costs to track down money you’re not playing with on your own account $150MM Progressive Tech Advancement Investment more step 3.five years?

60% ? Power for the-home capabilities for treasury management and you may investment locations ? Unit and business straight specialty to-do a great deal more to possess customers ? Small business Management positions because of the 7(a) financing volume. dos Display 100 lender-possessed devices financing providers to your a combined foundation. step 3 Each Bloomberg; 2019 United states civil underwriting director from the regularity. 4 Greenwich Partners 2019 federal and you will Midwest honors to own full pleasure, opportunities in order to strongly recommend, and cash administration. 5 Expert forma combined rank in the states out of Ohio and you will Michigan. six Pro forma AUM to own mutual company. Effective Possibility to Drive A lot of time-Title Increases Supporting Long-Identity Requires to transmit Renewable, Through-the-Period Production Commercial Banking Providers Banking Consumer & Private Buyer #ten Civil Underwriting3 #8 Products Finance2 #step 1 SBA seven(a) Bank in the You.

80% breakdown of loan profile by the stability Borrowing Diligence Approach Examined exposure build, borrowing policies, measures, committee material, and you can financing records Investigations away from show style all over borrowing migration, delinquencies, and you can historical losings Commercial mortgage collection o Top financing relationship and exposures o Covid-19 impacted marketplace o Financial support Choices, Collection Money, and other expertise lending portfolios Personal loan portfolio o Analytical research around the profile areas and you can opinion off credit file examples Strong Research Processes 16 Diligence Appeal Elements Industrial A property Specialization Financing Commercial Banking User Financial Borrowing Underwriting & CECL Interior Audit & Court Chance Administration It & Procedures Regulatory & Compliance Revenue & Communications Financing, Income tax & Bookkeeping Recruiting Hard work regarding Providers-Wider Resources to evaluate Professionals, Risks, and Opportunities Intricate Diligence Process Lined up in order to Maintaining Huntington’s Aggregate Reasonable-to-Reasonable Risk Cravings

$77MM) Center Put Intangible loans Marvel CO 0.50% away from TCF non-time deposits Amortized having fun with contribution-of-age digits more than 10 years] Deposit Divestiture Estimated deposit divestiture regarding

$450MM Other items Other rate of interest reasonable market price improvements into the securities, time-dumps, borrowings which have $(45)MM just after-taxation perception to help you security and accreted because of income Long lasting fair market price alterations into repaired property, OREO, most other assets and you will obligations, and you may preferred inventory with $(104)MM after-tax impression to collateral 18% productive taxation rate towards the TCF income and you may merger changes Capitalization Zero changes so you’re able to investment allowance priorities In depth Transaction Assumptions Pre-tax $MM Borrowing from the bank Interest Total Mark PCD Mortgage Mark $(520) $(8) $(528) Non-PCD Financing Draw $(339) $380 $41 Full Financing Draw $(859) $372 $(487) 20

$450MM 18% productive income tax rates to your TCF earnings and you can merger alterations Powerful Professional Forma Economic Impression 10 GAAP EPS Accretion Most Metrics >20% IRR