Contents:

• Waiting Reviews
• Issues and you can Answers
• Label Users

Prepared Opinions:

Greetings, and you may welcome to new Huntington Bancshares 4th One-fourth 2020 money meeting name. [User Tips] A concern-and-answer course will follow the specialized demonstration. [User Directions].

Thanks a lot you, Melissa. Allowed. I’m Mark Muth, Movie director from Buyer Connections to possess Huntington. Duplicates of your glides we will getting examining is present on the newest Buyer Relations element of our web site, huntington. It telephone call is being submitted and additionally be readily available while the good rebroadcast starting in the an hour regarding the intimate of your name.

All of our presenters now is actually Steve Steinour, President, President and you will Chief executive officer; Zach Wasserman, Head Financial Administrator; and Rich Pohle, Chief Credit Administrator. Since listed on slide a couple, the current discussion, including the Q&A period of time, commonly contain send-looking statements. Such as for example comments are based on suggestions and assumptions offered at that it some time is actually at the mercy of change, dangers and you will uncertainties, which could produce genuine results to disagree materially. We assume no responsibility so you’re able to up-date such as statements. To possess an entire discussion out-of threats and you will concerns, delight refer to which fall and you may point filed towards SEC, and additionally the current Forms ten-K, 10-Q, and you may 8-K filings.

Thank you so much, Draw. And you can hello, folk. Slip about three brings an introduction to Huntington’s strategy to make the fresh best individuals very first digitally pushed financial in the united states. All of our complete year payday loans near me efficiency demonstrate that our company is driving funds development despite headwinds, the audience is focused on obtaining clients and you may deepening people relationships so you can obtain one another business and you may display out of purse. We have been committing to customer-centric factors, functions and digital tech that can drive sustainable gains and you may the performance, one another today and also for years to come.

Huntington works an intentionally varied business activities, well-balanced between industrial and consumer, that gives a good mix of revenue and you can borrowing publicity. We have founded a competitive advantage with the consistently superior customer care and you may our differentiated services. The audience is invested in developing ideal-in-class digital capabilities such as for example our very own mobile banking application, that has been named the best during the client satisfaction from the J.D. Strength couple of years in a row.

In 2020, i lead numerous the latest imaginative services has that keep so you’re able to serve our customers’ need and you will separate Huntington regarding battle. We are really not done, i’ve a tube off innovative products and possess that we often release throughout the year. I have a verified history of strong execution, changing the functioning intentions to the surroundings so you can push stockholder efficiency. Which anticipate us to deliver the eighth successive season regarding positive operating leverage for the 2020. Our very own centered delivery provides and can enable us to verify assets in the factors, anybody and you may digital opportunities, that will drive renewable long-identity progress and you can outperformance.

We have been such as for instance thinking about brand new TCF acquisition i launched history week, that offers additional measure and you will growth ventures, i registered the bank regulatory applications last week and launched the prepared integration out-of 198 branches. We have been making a beneficial improvements to the our very own arrangements for integration afterwards this current year. I remain on tune for the before launched schedule, i predict the newest closing go out later from the second one-fourth.

Our company is proud of our very own 2020 efficiency and continued impetus across the the bank, even after an extremely problematic operating ecosystem. And you may I am incredibly proud of the new the services your associates to conquer the issues of one’s pandemic, along with look out for all of our people.

To the year, we expanded profits 3%, funds 6% and key deposits eleven%. When you’re conclusion overall performance and you can EPS was basically down due to increased provisioning expected in CECL set aside accounting, our pre-income tax pre-provision income enhanced 4%. And these are quite strong efficiency.