Contents:

• Wishing Responses
• Questions and you will Solutions
• Label Professionals

Waiting Remarks:

Greetings, and you may thank you for visiting the new Huntington Bancshares Fourth One-fourth 2020 money appointment name. [User Directions] A question-and-address concept agrees with brand new certified demonstration. [Operator Tips].

Thank you your, Melissa. Anticipate. I’m Mark Muth, Movie director regarding Investor Affairs getting Huntington. Copies of one’s slides we’ll end up being looking at can be acquired for the the newest Individual Interactions element of all of our website, huntington. It telephone call is recorded and will also be available due to the fact good rebroadcast undertaking throughout the an hour regarding the romantic of your call.

The presenters today are Steve Steinour, online payday loans Missouri Chairman, Chairman and Chief executive officer; Zach Wasserman, Chief Economic Manager; and you will Steeped Pohle, Head Borrowing Administrator. As the noted on slide two, today’s conversation, for instance the Q&A period of time, commonly consist of submit-searching comments. Such as for example statements are derived from pointers and you will assumptions offered by that it some time was subject to changes, dangers and you can uncertainties, that could end up in actual results to differ materially. I imagine no responsibility to help you up-date such as for example statements. Getting a complete dialogue from risks and concerns, delight consider so it slide and you will topic filed to your SEC, and additionally our most recent Forms ten-K, 10-Q, and you will 8-K filings.

Thank you so much, Draw. And you can good morning, everyone. Slide three provides an introduction to Huntington’s strategy to build the brand new best somebody earliest electronically pushed lender in the country. Our full season overall performance reveal that our company is driving money progress despite headwinds, we are worried about obtaining clients and deepening those dating to help you obtain one another business and share out of purse. We have been committing to customers-centric things, attributes and you may digital technology which can drive renewable growth and you will all of our results, one another today and a long time.

Huntington operates an intentionally diversified organization models, balanced between industrial and you may individual, that provides a good mix of funds and you can borrowing publicity. We dependent an aggressive advantage with the constantly premium customer care and our classified services. We have been invested in developing ideal-in-group digital capabilities like our very own mobile financial app, which has been thought to be the highest within the customer care of the J.D. Electricity 2 yrs consecutively.

Inside the 2020, we lead several the fresh new innovative products and has actually which can remain so you’re able to serve our very own customers’ requires and you may separate Huntington regarding competition. We are not complete, we have a tube regarding creative services possess we tend to launch all year long. You will find a proven history of solid execution, modifying our working plans to environmental surroundings to help you push shareholder efficiency. That it acceptance me to deliver the 8th straight 12 months from self-confident working control from inside the 2020. The centered delivery has and will enable me to guarantee opportunities from the products, some one and you can electronic possibilities, that will push sustainable much time-label progress and you can outperformance.

Our company is including excited about this new TCF buy i launched last day, that offers extra size and you may progress potential, i submitted the lending company regulatory programs the other day and revealed this new arranged combination out-of 198 twigs. We have been and come up with a beneficial advances into the the agreements to possess integration afterwards this season. We stay on track towards in past times announced schedule, i assume the latest closure go out late regarding the next quarter.

Our company is happy with our very own 2020 overall performance and continued momentum all over the bank, even after an extraordinarily challenging working environment. And you can I am extremely proud of the fresh an excellent operate of our own associates to conquer the challenges of the pandemic, as well as be cautious about the consumers.

Towards seasons, i grew income 3%, loans 6% and you will core dumps 11%. When you find yourself bottom line abilities and you can EPS had been off due to raised provisioning necessary under the CECL set aside bookkeeping, our very own pre-tax pre-provision income increased cuatro%. That are quite strong results.