Work for in accordance with Huntington’s stand alone 2022E show metrics while the required of the IBES opinion estimates

10% CET1 Proportion? Trick Assumptions Riding Well worth for Investors having Enough time-Title Upside seven% TBVPS Dilution 2.7yr TBVPS Earnback? $0.09 $0.16 $0.23 2021E 2022E Note: Discover appendix to have detail. ? Pro forma estimated at the closing. ? Accretion strategy earnback. Concrete publication worth for each and every express dilution inclusive of total merger costs and you can CECL twice amount ($0.62) separated by 2022E GAAP EPS accretion which have fully realized rates synergies ($0.23). ? Technology creativity investment bills sustained forty% in the season 1 on relax depreciated across the then 3 many years. 2022E pre-income tax feeling from $20MM.

Note: Co-workers become CFG, CMA, FHN, FITB, Trick, MTB, PNC, RF, TFC, and you can ZION

300bp Benefit Source: S&P Global, Financial support IQ, IBES Rates; Note: Assumes fully realized rates synergies. Totally Knew Pricing Synergies 2022E ROA Pressing the brand new Huntington Virtue during the a significant Part of the new Years

55 % 58 % 63 % Specialist Manera Peer #step 1 Fellow #5 Peer #8 Peer #9 Fellow #step 3 Fellow #six Fellow #4 Peer #7 Fellow #2 Peer #10

2x Money Administration Song and become familiar with the investing and help your carry out and achieve your economic needs The brand new Center Custom Facts Leveraging AI to incorporate custom and hands-on expertise Discounts Automation Fool around with AI to research their purchasing habits, earnings, and you may following expenditures to get money you’re not playing with on your membership $150MM Progressive Tech Invention Expenditures over step three.5 years?

60% ? Control in-household possibilities to have treasury management and you may resource segments ? Tool and community straight specialty to complete even more for users ? Small business Government ranking of the 7(a) loan regularity. 2 Monitor 100 financial-possessed products finance business towards the a blended basis. step 3 For every single Bloomberg; 2019 Us municipal underwriting director by regularity. 4 Greenwich Partners 2019 federal and you may Midwest honours having full pleasure, chances in order to highly recommend, and cash management. 5 Specialist manera mutual rank in the states off Kansas and Michigan. six Pro forma AUM having joint company. Effective Possibility to Push Long-Name Growth Aids Enough time-Term Specifications to deliver Green, Through-the-Period Productivity Commercial Financial Organization Banking User & Private Consumer #ten Municipal Underwriting3 #8 Devices Finance2 #step 1 SBA 7(a) Financial in You.

80% report about financing portfolio because of the balances Credit Diligence Approach Analyzed risk build, credit policies, tips, panel material, and you can financing documents Comparison off overall performance trends across the credit migration, delinquencies, and you can historical loss Industrial mortgage profile o Top financing dating and you may exposures o Covid-19 inspired industries o Resource Choices, Directory Money, or other specialty loans Brookside financing portfolios Unsecured loan portfolio o Statistical investigation across portfolio segments and comment out-of credit reports trials Strong Research Process 16 Diligence Attract Portion Industrial Home Specialization Lending Industrial Financial Consumer Banking Borrowing Underwriting & CECL Inner Audit & Courtroom Chance Government It & Operations Regulatory & Conformity Business & Correspondence Finance, Tax & Bookkeeping Hr Work from Business-Wider Information to assess Benefits, Threats, and you may Ventures Detail by detail Diligence Techniques Aligned so you’re able to Keeping Huntington’s Aggregate Average-to-Reduced Chance Cravings

$77MM) Core Put Intangible 0.50% regarding TCF non-day places Amortized having fun with contribution-of-years digits more ten years] Deposit Divestiture Projected put divestiture of

$450MM Other items Other interest rate fair market price modifications on the bonds, time-places, borrowings having $(45)MM after-income tax perception to help you security and you can accreted by way of earnings Permanent reasonable market price alterations toward fixed assets, OREO, most other possessions and you can liabilities, and you may well-known inventory having $(104)MM shortly after-tax perception in order to guarantee 18% productive tax speed toward TCF income and you may merger changes Capitalization Zero transform in order to capital allowance priorities Intricate Transaction Assumptions Pre-taxation $MM Borrowing Interest Full Draw PCD Financing Mark $(520) $(8) $(528) Non-PCD Loan Draw $(339) $380 $41 Complete Loan Draw $(859) $372 $(487) 20

$450MM 18% effective tax rates towards TCF income and you will merger modifications Compelling Specialist Manera Economic Impression 10 GAAP EPS Accretion Extra Metrics >20% IRR