Benefit in line with Huntington’s standalone 2022E efficiency metrics just like the suggested by IBES opinion rates

10% CET1 Proportion? Trick Presumptions Riding Worthy of to have Shareholders with Long-Title Upside eight% TBVPS Dilution dos.7yr TBVPS Earnback? $0.09 $0.16 $0.23 payday loan Welby 2021E 2022E Notice: Get a hold of appendix having outline. ? Specialist manera estimated from the closing. ? Accretion method earnback. Real book worth for each and every express dilution including overall merger costs and you will CECL double number ($0.62) split up of the 2022E GAAP EPS accretion with totally know prices synergies ($0.23). ? Technology innovation investment debts incurred 40% for the 12 months 1 into the relax depreciated over the subsequent 3 many years. 2022E pre-income tax effect regarding $20MM.

Note: Colleagues become CFG, CMA, FHN, FITB, Trick, MTB, PNC, RF, TFC, and you will ZION

300bp Benefit Supply: S&P Around the globe, Money IQ, IBES Estimates; Note: Assumes on completely understood prices synergies. Fully Knew Prices Synergies 2022E ROA Pressing the newest Huntington Virtue at a critical Reason for this new Course

55 % 58 % 63 % Professional Manera Peer #step 1 Peer #5 Fellow #8 Fellow #9 Peer #3 Fellow #6 Peer #4 Peer #seven Fellow #2 Fellow #10

2x Money Administration Song and you may familiarize yourself with your paying and help your would and you can achieve your financial goals The fresh Middle Custom Skills Leveraging AI to incorporate custom and you will proactive expertise Savings Automation Use AI to analyze your spending habits, money, and following costs to track down money you’re not using on your own account $150MM Progressive Technology Invention Investment more than step 3.five years?

60% ? Influence inside the-house possibilities to have treasury management and you can resource segments ? Device and world straight specialty to accomplish much more to have customers ? Business Government ranks of the 7(a) loan frequency. dos Display screen 100 financial-owned gadgets money providers to your a combined basis. 3 For every Bloomberg; 2019 United states municipal underwriting manager because of the frequency. cuatro Greenwich Couples 2019 federal and Midwest honors to own overall pleasure, chances in order to highly recommend, and money government. 5 Expert forma shared score in the us out of Ohio and you may Michigan. 6 Pro manera AUM to own combined company. Strong Possible opportunity to Push Much time-Title Gains Supports Long-Identity Goals to send Renewable, Through-the-Course Yields Commercial Financial Providers Financial User & Private Visitors #10 Municipal Underwriting3 #8 Equipment Finance2 #1 SBA 7(a) Bank for the You.

80% writeup on loan portfolio because of the stability Borrowing from the bank Diligence Means Examined chance construction, credit procedures, measures, committee materials, and you can financing files Assessment from overall performance style round the credit migration, delinquencies, and historical losings Commercial financing portfolio o Top financing relationship and you may exposures o Covid-19 inspired marketplaces o Financing Selection, Directory Finance, or any other specialty financing portfolios Consumer loan portfolio o Analytical data across the collection areas and you can review away from credit history trials Sturdy Research Procedure 16 Diligence Interest Areas Industrial A home Specialty Credit Commercial Banking Individual Financial Borrowing from the bank Underwriting & CECL Interior Review & Courtroom Chance Government Information technology & Operations Regulatory & Conformity Product sales & Correspondence Funds, Income tax & Accounting Recruiting Persistence out of Company-Wider Tips to evaluate Advantages, Threats, and Ventures Intricate Diligence Process Lined up to help you Maintaining Huntington’s Aggregate Reasonable-to-Low Chance Appetite

$77MM) Core Deposit Intangible 0.50% away from TCF low-time deposits Amortized using sum-of-ages digits more 10 years] Deposit Divestiture Estimated deposit divestiture from

$450MM Other stuff Other rate of interest fair market value changes into the securities, time-places, borrowings having $(45)MM immediately after-income tax feeling to help you security and accreted using income Long lasting reasonable market value alterations to your repaired property, OREO, almost every other assets and liabilities, and you may well-known inventory that have $(104)MM once-taxation impression to guarantee 18% energetic taxation speed with the TCF money and merger adjustments Capitalization No alter in order to investment allocation concerns Detail by detail Transaction Assumptions Pre-tax $MM Borrowing Rate of interest Complete Draw PCD Loan Mark $(520) $(8) $(528) Non-PCD Financing Draw $(339) $380 $41 Complete Loan Draw $(859) $372 $(487) 20

$450MM 18% productive income tax speed for the TCF earnings and merger improvements Compelling Professional Manera Monetary Feeling ten GAAP EPS Accretion A lot more Metrics >20% IRR