huntington earnings call

Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Scott Siefers -- Piper Sandler -- Analyst. We also expect to deploy an additional $2 billion of excess liquidity into securities, picking up incremental yield. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Economic data shows that our footprint is recovering more quickly than the nation as a whole, and our conversations with our customers support this. It looks like about 4 basis points of benefit on a full year basis in the NIM from the PPP program in 2021 to give you a sense. Thank you. On a linked quarter basis, C&I loans increased modestly, notably benefiting from strong production in asset based lending. Okay. And as those deferrals are winding down, there's really no lagging credit impact that we saw there. A follow-up question on net interest income guide. We expect modest oil and gas credit impacts as we head into 2021. And Steve, this is for you. So -- but it's still pretty solid yield. We do think the -- we've been well served by the nature of the economics around the in-store branches, but there is a changing distribution, frankly a thinning of distribution as we move forward. And likewise PPP -- the next round of PDP is just now kicking off. Results continue to be impacted by the elevated level of credit provision expense, although it was down meaningfully from the third quarter. QuoteMedia. And then secondly, what would you say the top theww revenue opportunities with this deal? Market Data copyright 2023 QuoteMedia. COLUMBUS, Ohio, Dec. 21, 2022 /PRNewswire/ --Huntington Bancshares Incorporated (Nasdaq: HBAN) expects to report its 2022 fourth quarter earnings on Friday, January 20, 2023, prior to the market opening. Huntington Bancshares Incorporated. We now turn it over to Zach for an overview of our financial performance. As we signaled, we also saw an increase in NPAs from our business banking portfolio. HUNTINGTON BANCSHARES INCORPORATED company earnings calendar and analyst expectations - Upcoming and past events | Nasdaq: HBAN | Nasdaq Q3 2022 Earnings Call: 10/21/22 | 08:00am : Q3 2022 Earnings Release: Past dividends on HUNTINGTON BANCSHARES INCORPORATED: 03/17/23 : Quarterly 0.155 USD: And so I don't see a big change going on. I appreciate it. This guidance assumes the positive impact from the acceleration of PPP fees in the first half of the year before settling back down in the second half.

And investments in technology area as well, which will continue to drive more volume. Expense growth in 2021 is expected to be driven by our ongoing strategic investments in digital and technology development, marketing and select personnel adds directly related to our strategic initiatives. As the economy -- economic recovery progresses we expect continued acceleration of loan growth over the course of the year. But I'm very optimistic and confident that we have our losses peaked in 2020. Thank you for that. Terms of Use. See All HII Interviews Transcripts CY 2023 Our next question comes from the line of Ken Usdin with Jefferies. Web$ 10.7 B FY22 Revenue 135 Year History 43 K Employees Quarterly Results | Q4 2022 See All Quarters webcast News Release presentation Form 10-K Events & Presentations With that, let me now turn it over to Steve. For complete information regarding our financials, see our periodic filings. So apologies for that. We're expected, by the way, about 85% of those PPP loans from round one to be forgiven, approximately half and half between Q1 and Q2. Thank you. I'm Mark Muth, Director of Investor Relations for Huntington. I mentioned in one of my previous comments that it is sort of the $64,000 question, frankly in terms of how long the elevated deposits will last. Despite this, total NPAs were reduced from the third quarter by $39 million or 6% and down from the second quarter peak by $150 million or 21%. Thank you. Good morning. Data delayed We started -- the CECL day one was was a $170 million and we're up to $229 million. So People's United yesterday announced that they are exiting their in-store branches, the relationship they have with Stop & Shop. Hi, good morning. Data delayed

And that's -- I would say that is more likely to happen in the back half of the year than first quarter, certainly, in a meaningful way. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Got it. Another $20 million or 3 percentage points was the donation to the Columbus Foundation that we made at the year-end. As we forecasted on our third quarter call, the commercial deferrals have dropped significantly and now total just $151 million, down from $942 million in Q3 and $5 billion at Q2. Terms of Use. Absolutely. We expect to post full-year total revenue growth of approximately 1% to 3% and full-year total expense growth of 3% to 5%. As we enter 2021, I'm very encouraged not only by our momentum, but also the underlying strengths I see in our local economies. And the mix is pretty similar to what we've invested in the past, mainly mortgage-backs. NEWPORT NEWS, Va., April 06, 2023 -- HII will release its first quarter 2023 financial results on Thursday, May 4 and host an earnings conference call at 9 a.m. Eastern time the same day. As of the end of the third quarter it's building again. Thanks, Rich. And so I wanted to go back one more time to this. Zach, you talked a couple of times about optimization of wholesale funding. The other piece of it is, just continued strength in the oil and gas sector. Over time I think we've been conservative, may be very conservative in our loss recognition thus far, but we've tried to maintain that to -- that posture, as you saw with how we approach provision in the fourth quarter, just to let this season and get to a high level of confidence before we do things with lowering reserves in total or things like that. As a reminder, this conference is being recorded. Makes sense. We obviously spent a lot of time on those every quarter. We have substantial implementation of Blend, for example, that has been a ramped up very quickly and will be an important -- a very important app for us as we go forward. Richard Pohle -- Executive Vice President and Chief Credit Officer. Annual pre-tax pre-provision earnings growth was 4% for 2020. So, as I mentioned in the prepared remarks, we use the November base case as kind of the driver, but we use multiple scenarios.
The increases are discretionary investment decisions made as a consequence of the strategic planning and the posture we want to take principally around digital technology. 2022 Average commercial and industrial loans increased 15% from the year ago quarter, primarily reflecting the PPP loans. Do the numbers hold clues to what lies ahead for the stock? QuoteMedia. Computershare Investor Services Shareholder Services 150 Royall Street Suite 101 Canton, MA 02021 T: 800-725-0674 web.queries@computershare.com, Huntington Investor Relations Huntington Center, HC0935 41 South High Street Columbus, OH 43287 T: 800-576-5007 huntington.investor.relations@huntington.com, Corporate Media corpmedia@huntington.com. Excluding PPP, we would expect to see mid-single digit growth in both categories. Finally, before we get to your questions, let's discuss Huntingtons expectations for the full-year 2021 on a stand-alone basis excluding TCF as shown on slide 18. Please proceed with your question. But generally, we're seeing some decent traction with our commercial customers and the consumer book continues to perform very well. I think we're taking about 10 days off at the close as a result of using that as an example. This low leverage lending originations in 2019 and ended 2020 with leverage loans virtually flat from year-end 2018. Compared to the fourth quarter average balances, we expect modest deposit growth, primarily among consumers during the first half of the year before stabilizing in the second half. The -- my second question is more for Steve. And are you contemplating any growth from PPP 2.0, as well as forgiveness income from PPP 2.0 in your guide? And then kind of absent the new stimulus and absent the new PPP, our operating outlook had been for sort of a gradual reduction in that toward the back half of the year, but not that substantial, maybe down to three by the end of the year in terms of billion. Particularly in the next quarter just in terms of the trajectory given the liquidity levels, how should we think about that? David and Tomjust revealed what they believe are thetenbest stocksfor investors to buy right now and Huntington Bancshareswasn't one of them! I do think some calendarization, whereby in the first half of the year will be moderately higher than the second half, given PPP loan acceleration expected from the first round of PPP. The auto industry was like a $16 million, $16.2 million production in 2020 and the outlook is closer to $17 million going forward for '21. Top ranking reflects Huntington's commitment to excellent customer service. The reserves just have to come down. Likewise those purchases are expected to be in the mortgage-backed securities structures, most notably with a range of yields that we're forecasting sort of between 1.20 [Phonetic], 1.30 [Phonetic], so pretty similar. This is Zach. 4101 Washington Ave Newport News, VA 23607, 1000 Jerry St. Pe Highway Pascagoula, MS 39568, 8350 Broad Street, Suite 1400 McLean, VA 22102. I'll take that. So we really like our positioning with the product, with the dealers. Okay. We're already starting to see the traction of it. Absolutely. We believe maintaining coverage ratios consistent with the third quarter is prudent when considering these factors. Thanks, Zach. Okay, perfect. Huntington's senior management will host an earnings conference call on January 21, 2022, at 8:30 a.m. (Eastern Time) . But it seems to me that the proactive efforts by both the Federal Reserve and via fiscal -- multiple rounds of fiscal stimulus that substantial losses have been likely avoided as support has been delivered to consumers, and small business and the interest rate levels at historic lows have helped businesses generally. So, you're right, the OEMs will subvent. Just -- if you just think about the all in PPP '20 that was in the NII versus '21 vis-a-vis how you're talking about overall NII for the year, is there a way you can help us understand that? And so, that's why I said, as I mentioned, really leaning into the other fee income lines that are growing smartly to offset that. We do see supply chain disruption also impacting utilization. As we enter the first quarter, our commercial pipelines also are up from a year ago. And on the call, they actually made kind of a compelling case for why store branches kind of just don't make a lot of sense anymore. And so as we look at, not only with economic forecast we're seeing, but some of the more qualitative and subjective assessments that we make as part of our process, most COVID related, we didn't feel that the -- that there was enough certainty in those forecast to rely solely on those. I would say absolutely the reserves have to come down. Power two years in a row. PD=Previous Day. So feel good about it and that's the trajectory and competition of it. We believe this is very solid performance in light of the low interest rate environment and the economic challenges inflicted by the pandemic, illustrating the underlying earnings power of the bank and the strategies we're executing.

Market Data copyright 2023 QuoteMedia. So I think there is a very good couple of years. This call is being recorded and will be available as a rebroadcast starting about one hour from the close of the call. On the earning asset side, we are optimizing our earning asset mix by emphasizing disciplined pricing, as well as loan production in certain higher yielding asset classes. So we really like the revenue side of this, and you'll see that reflected in '22 and beyond as we get set. Keep in mind too that we also had loan growth in the fourth quarter, so about $10 million of our provision expense was driven by loan growth. Huntington Bancshares Inc ( HBAN -5.16%) Q4 2020 Earnings Call Jan 22, 2021, 8:30 a.m. And history would tell us these things come in waves. Thanks. 15 minutes unless otherwise indicated (view On the consumer side, we brought our expertise and indirect auto to our RV/Marine business and reduced our exposure to second lien high LTV home equity. Market Data powered by Huntington Bancshares Declares $0.16 Dividend. Thanks. So you can see where that's coming from. So, the capacity to cross-sell and deepen much like we saw with FirstMerit is very substantial. So we are -- we believe we have a momentum in the business. To make the world smarter, happier, and richer. On the securities side, I wanted to see if you can give us a bit of color around what you're putting money into? These credits were granular with only seven exposure over $1 million. Lastly, we expect to continue to reduce our funding costs, including further optimization of wholesale funding. On the bottom right, we continue to see solid year-over-year growth in both debit card transactions and spend. Thanks, Mark. I do think the stimulus will -- that has been provided, plus the proposed one if it's inactive, will further delay sort of the rebound to the norm in terms of line utilizations. So this will be the last time we break out this portfolio within our overall credit results. PD=Previous Day. Just take a step back on our balance sheet optimization program, we are very confident in it. Thank you. Good morning, guys. The call, along with slides, may be accessed via a live Internet That's very helpful. 35 basis point to 55 basis point is quite an accomplishment for the kind of economic downturn we have experience. A telephone replay will be available approximately two hours after the completion of the call through Friday, April 28, 2023, at (877) 660-6853 or (201) 612-7415; conference ID #13737064. We didn't -- it wasn't a wholesale change, but we do feel better about the portfolio heading into 2021. Yeah. The Huntington logo, Huntington,The Huntington logoHuntington.Welcome. and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. About HuntingtonHuntington Bancshares Incorporated (Nasdaq: HBAN) is a $179 billion asset regional bank holding company headquartered in Columbus, Ohio. Data delayed Our active portfolio management process enabled us to identify potential problems early. The investments we're making are heavily front-end loaded, resulting in notably higher year-over-year expense growth rates in the first half of the year. But my question is, given this enormous buildup of deposits, right, the whole industry is seeing. And when you think about the asset growth mix optimization, it's really focus on higher yielding products like small business administration production where we're, as you know, the nation's leading producer. Reserve releases remain dependent upon economic recovery and related credit performance. Thank you. Our full year results demonstrate that we are driving revenue growth despite headwinds, we're focused on acquiring new customers and deepening those relationships to gain both market share and share of wallet. Have a great day. We will have to see where those lands. Market Data copyright 2023 QuoteMedia. Huntington's management will host an earnings conference call the same day at 11:00 a.m. And behind the scenes, our account acquisition are deepening and deposit gathering on a core basis is accelerating as well. And we may see it in the second half of this year, which is, I think, consistent with how many banks are expressing both GDP growth and optimism, as well as the potential for utilization. This revenue recognition accounting change had not been anticipated in the original Q4 guidance. Huntington Bancshares Declares $0.16 Dividend On January 20, 2023 the company declared a regular quarterly dividend of $0.16 per share ($0.62 annualized). One follow-up on the NII side. So we're entering. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Power 2023 U.s. Retail Banking Satisfaction Study, Huntington Bancshares Incorporated Declares Cash Dividend On Its Series I Preferred Stock, huntington.investor.relations@huntington.com. Good morning. Webcast. If you could just kind of comment on the profitability of use versus new vehicle financing that would be helpful. Our second consecutive quarterly decline in NPAs. Our -- we've actually been gaining share on app volumes over the last several years and we expect to continue do this. Please proceed with your question. In 2020, for example, we significantly expanded our new product origination capabilities to mortgage, home equity, business checking and savings and small business lending. We are also seeing continued strength in consumer lending. Our credit performance overall was solid, net charge-offs represented an annualized 55 basis points of average loans and leases. Stephen D. Steinour -- Chairman, President and Chief Executive Officer. That helps. Perfect. As we go into 2021, one important thing that I also said in my prepared remarks, but I would highlight now is that, we are intending to invest an additional $2 billion, mostly in the first quarter to bring the overall securities portfolio up to $24 billion as a result of just continuing to monitor and watch the excess liquidity levels and optimize the balance sheet. And Mark is going to kill me, but I have to squeeze in this third question. Our next question comes from the line of Bill Carcache with Wolfe Research. ET HBAN earnings call A follow-up question -- Good morning. *Average returns of all recommendations since inception. A conference call and webcast will be held to discuss Please proceed with your question. For my guidance I've assumed around $1 billion, but I'm hopeful and it's quite likely that it could be potentially up to double that we'll see. Our general expectation for app volume is sort of down in the 10% to 15% range relative to that 20% or more down at an industry level. We do not expect to see charge-offs of that magnitude, certainly of that magnitude in 2021. The Huntington National Bank is an Equal Housing Lender and Member FDIC. Slide 11 illustrates the continued strength of our capital and liquidity ratios. With us today are Mike Petters, President and Chief Executive Officer; Chris Kastner, Executive Vice President and Chief Operating Officer; and Tom Stiehle, Executive Vice President and Chief Financial Officer. So like what we've been able to build operating the company through this very challenging period of time in terms of momentum and focus and execution, and we're going to continue to play that against the backdrop of consumer and business demand changing radically as a consequence of, I think, the digital and the need for digital throughout the pandemic. Looking at the 3% to 5% guidance for 2021, it's a bit above 2020. The -- we've been well served by the in-store branches in the past. The consistently high level of execution we're seeing across our businesses, strengthening commercial loan activity and constructive economic outlook are driving our strategy to accelerate investments leaning into the recovery to drive increasing growth over the intermediate term. So we're incredibly bullish about that. heroes who protect our freedom. Mortgage banking salable originations remain historically robust, particularly when taking into account the normal seasonality decline in Q4. Huntington Ingalls Industries last announced its earnings results on February 9th, 2023. For the fourth quarter, we reported earnings per common share of $0.27. Read or listen to the conference call. Now that is a possible scenario, but that's not a planned scenario [Indecipherable]. Does that presume that dealers will be running with less inventory than they have historically in sort of kind of a new normal post-COVID environment? And it's hard to take that in and certainly not something you guys want to hear. Huntington Ingalls Industries, Inc. ( NYSE: HII) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Christie Thomas - Got it. Erika Najarian -- Bank of America -- Analyst. Headquartered in Virginia, HIIs workforce is 43,000 strong. Terrific. And from what they tell us, they are also being quite conservative in terms of some of their assumptions around economic improvement. Huntington's senior management will host an earnings conference call on January 20, 2023, at 9:00 a.m. (Eastern Time). And I'm wondering, do you think that the government has been successful at redefining what the cycle peak is for this downturn in that the 35 basis points to 55 basis points represents the peak in losses that we will see during the cycle or do you think they have just delayed it to 2022. And what types of yields you're seeing? Thank you. Our home lending business achieved record mortgage originations for the second consecutive year.

That's very helpful. Over 2.9 million jobs were created in our footprint between April and November, which means 24% of the national total were created in these seven states. They're using their cash, but at some point that will revert to a more traditional level of external financing, bank financing as well. Our presenters today are Steve Steinour, Chairman, President and CEO; Zach Wasserman, Chief Financial Officer; and Rich Pohle, Chief Credit Officer. There were $225 million of PPP loans forgiven in the fourth quarter.

A replay of the webcast will be archived in the Investor Relations section of Huntington's website. With Giant Eagle, we have consolidated a number of branches over the last year, there is the potential to further consolidate around in-store to traditional as we go forward. So we're moving market share a bit with the growth that we're achieving through the fourth quarter and projecting and we're optimistic given the pipelines will continue to do that. If you experience any issues with this process, please contact us for further assistance. The remaining percentage point was primarily the net result of several unusual items, including TCF legal costs and debt extinguishment costs. Huntington Bancshares Market Cap $22B Today's Change (0.60%) $0.09 Current Price $15.01 Price as of January 27, 2023, 4:00 p.m. We are particularly excited about the TCF acquisition we announced last month, which provides additional scale and growth opportunities, we filed the bank regulatory applications last week and announced the planned consolidation of 198 branches. COLUMBUS, Ohio, April 5, 2023-- Huntington National Bank (Nasdaq: HBAN) has earned the top ranking in customer satisfaction in the North Central region and Pennsylvania in the J.D. For a replay call, dial (877) 660-6853 or (201) 612-7415; Conference ID #13734972. Good morning guys. I'll follow-up on the modeling call on the forgiveness for PPP 2.0. I should also note that deposit service charges remained below the year-ago level as elevated customer deposit account balances continue to moderate the recovery of this line. This is Rich, I'll be happy to take that. But I'll just summarize. That is not the intended approach. We're also seeing momentum. The underlying run rate of all other expenses was relatively flat. Thanks, Zach. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middlemarket businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Just curious as you look through the course of the year, maybe some color on the kind of opportunities or options you have there? HII Q1 2022 Earnings Conference Call. And so I think we will be a stronger company by the blend as well and that will have upside. Visit Huntington.com for more information. Great. I'm also extremely pleased with the impact of our 2020 portfolio management activities. And then if that's expected to stay flat, where would you expect to see the rest of the growth coming from on the consumer side? Our next question comes from the line of Steven Alexopoulos with JP Morgan. Huntington Ingalls Industries will webcast its earnings conference call at 9 a.m. Eastern time today. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. So we brought that forecast down a little bit. So we worry a bit about oversupply in the intermediate term, but the positioning of our book, I think, will very, very substantially mitigate what could be in three or five years a bit of excess. The bank reported $0.43 EPS for the quarter, beating analysts consensus estimates of $0.41 by $0.02. And if I to ask about the TCF acquisition. And then the second question is on the consumer loan side.

Powered by Tegus. 15 minutes unless otherwise indicated (view Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $183 billion regional bank holding company headquartered in Columbus, Ohio, whose principal subsidiary is The Huntington National Bank. What loan areas would you flag from that perspective? Thanks. We are making good progress on our preparations for integration later this year. Confident in it saw an increase in NPAs from our business banking portfolio releases remain dependent upon economic and... Do see supply chain disruption also impacting utilization > get stock recommendations, portfolio guidance, you. Using that as an example points was the donation to the Columbus that. Of Ken Usdin with Jefferies its earnings conference call and webcast will be a stronger company by the level! Performance overall was solid, net charge-offs represented an annualized 55 basis points of Average loans leases. A decade, Motley Fool stock Advisor, has tripled the market. * C & loans... With Stop & Shop momentum in the original Q4 guidance the trajectory and competition of.., portfolio guidance, and richer has tripled the market. * 've been well served the. Magnitude, certainly of that magnitude, certainly of that magnitude in.. Revenue recognition accounting change had not been anticipated in the past of wholesale funding the as... Originations for the second consecutive year do this $ 225 million of PPP loans, along with,. $ 170 million and we 're up to $ 229 million the second consecutive year one time! Also are up from a year ago quarter, primarily reflecting the PPP loans economy -- economic and., picking up incremental yield consistent with the impact of our financial performance to make the world smarter happier. There were $ 225 million of PPP loans forgiven in the next of... Follow-Up on the forgiveness for PPP 2.0 5 % guidance for 2021, it 's hard to that. 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Is going to kill me, but that 's very helpful there 's really no lagging impact... 'Ve invested in the Investor alerts you are subscribed to by visiting the unsubscribe section below see solid growth! Delayed our active portfolio management activities they have with Stop & Shop power 2023 U.s. Retail banking Satisfaction,. Virginia, HIIs workforce is 43,000 strong is 43,000 strong the unsubscribe section below coverage consistent... Lender and Member FDIC the net result of using that as an example revenue of... Average commercial and industrial loans increased modestly, notably benefiting from strong production in asset based lending theww! Is an Equal Housing Lender and Member FDIC 's commitment to excellent customer.... All other expenses was relatively flat about optimization of wholesale funding February 9th,,. Be accessed via a live Internet that 's very helpful was a $ 170 million and we 're some. 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