huntington earnings call
And so I think we will be a stronger company by the blend as well and that will have upside. For the full-year, reported GAAP net income was $2.2 billion and adjusted net income was $2.3 billion, both results reflect record earnings for Huntington. And are you contemplating any growth from PPP 2.0, as well as forgiveness income from PPP 2.0 in your guide? I think I mentioned in the prepared remarks, I'll just restate it for clarity, we're assuming 85% of the $6 billion that we had on sheet in Q4 to be forgiven in the first half of the year. The investments themselves, the expenses are to be front-end loaded during the year, so we'll see substantially higher levels of growth in the first half of the year and then ramping down pretty significantly in the back half of the year, such that by -- the kind of run rate expense growth will be lower than the growth rate of revenue in the second half. For a complete discussion of risks and uncertainties, please refer to this slide and material filed with the SEC, including our most recent Forms 10-K, 10-Q, and 8-K filings. 15 minutes unless otherwise indicated (view
The other piece of it is, just continued strength in the oil and gas sector. Our consumer deferrals have largely run their courses well, down to just $66 million as of December with post deferral performance in line with our expectations across all the portfolio segments. While bottom line results and EPS were down due to elevated provisioning required under the CECL reserve accounting, our pre-tax pre-provision earnings increased 4%. Lastly, we expect to continue to reduce our funding costs, including further optimization of wholesale funding. I would also add, our nonperforming asset ratio decreased 5 basis points linked quarter to 69 basis points. For the year, we grew revenues 3%, loans 6% and core deposits 11%. ET. We expect the remaining mortgage deferrals will continue to work their way down to a de minimis level over the next quarter. huntington bancshares incorporated to announce 2023 first quarter earnings and hold earnings conference call april 20, 2023 Provided by PR Newswire Mar 10, 2023 1:00 PM UTC Hey, good morning, everyone. Huntington Bancshares Incorporated (NASDAQ:HBAN) Q4 2022 Earnings Call Transcript January 20, 2023 Operator: Greetings. (RTTNews) - Huntington Bancshares Inc. (HBAN) reported earnings for its fourth quarter that increased from last year and beat the Street estimates. We reduced our commercial real estate portfolio from over 200% of capital to under 80% and curtailed construction lending such that the fourth quarter represented the lowest level of construction in terms of both absolute dollars and as a percentage of capital that we've had since the FirstMerit acquisition in 2016. As of the end of the third quarter it's building again. Thank you for the questions and your interest in Huntington. Huntington Bancshares Incorporated. Market Data powered by
Got it. Huntington's senior management will host an earnings conference call on January 20, 2023, at 9:00 a.m. (Eastern Time). Can you help us a little bit with how to think about the margin over the next couple of quarters here? What loan areas would you flag from that perspective? As shown in the reconciliation on the right side of the slide, the linked quarter decrease primarily reflected the 3 basis point impact of a change in PPP loan terms to delay the initial repayments. All Rights Reserved. Does that value proposition still work? 
Thanks. See All HII Interviews Transcripts CY 2023 On January 20, 2023 the company declared a regular quarterly dividend of $0.16 per share ($0.62 annualized). ET. The reserves just have to come down. Look, this question of elevated liquidity and how long it will stay is sort of the $54,000 question, but we're fairly convinced it's going to stay for a while, and it will likely go up frankly in the near term given some of the new things that are coming through. , Community Reinvestment Act Home Mortgage Disclosure Act, https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-to-announce-2023-first-quarter-earnings-and-hold-earnings-conference-call-april-20-2023-301768900.html. Moving to slide eight. We're also seeing momentum. We had a lot of charge-off activity in 2020. Return on average assets was 1.04% and return on average tangible common equity was 13.3%. Good morning, guys. All Rights Reserved. They were fed and earned $30 a month, $25 of which went back to their families. From endpoint to endpoint, Q3 to Q4, to give you a sense, it was about $2 million of additional securities on a net basis. Absolutely. Is that the right way to look at it. Huntington one of the U.S.s largest regional banks with $183 billion in assets reported record full-year revenue of $3.2 billion, an 88% increase from the prior year, according to its earnings results, while full-year net income rose 73% to $2.2 billion. They're using their cash, but at some point that will revert to a more traditional level of external financing, bank financing as well. To listen to the call, dial (877) 407-8029 with conference ID #13734972. Working with our customers, we continue to proactively remedy a number of these loans. Thank you guys very much. The call, along with slides, may be accessed via a live Internet webcast in the Investor Relations section of Huntington's website or through a dial-in telephone number at (877) 407-8029 conference ID #13734972. Good morning, and welcome to the Huntington Ingalls Industries Fourth Quarter 2021 Earnings Conference Call. 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. There were $225 million of PPP loans forgiven in the fourth quarter. You can also see continued growth in digital engagement and usage levels in consumer and business banking. Our next question comes from the line of Erika Najarian with Bank of America. But I would say that we're also not targeting a specific timing to get there. 
Oil prices continue to appreciate, especially with solid increases in Ohio, Michigan, Pennsylvania and Indiana. So there is the 40% expense and we just articulated a 43% branch consolidation. Rich, if you don't mind, I'll add to that, Scott. That's helpful. delay times for all exchanges). Company Participants. Thanks. Hi, this is Zach. Mortgage banking salable originations remain historically robust, particularly when taking into account the normal seasonality decline in Q4. HII Q1 2022 Earnings Conference Call. This is the first time Huntington We frankly budgeted pretty conservatively on that assuming relatively continual trend back to more historical levels by the end of the year. 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. [Technical Issues] sort of slightly related, unrelated question. So we really like our positioning with the product, with the dealers. Huntington Bancshares Incorporated. 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. Steven Alexopoulos -- JP Morgan -- Analyst. As we enter the first quarter, our commercial pipelines also are up from a year ago. And then the final question was. And as we've seen in the past year with the pandemic, more and more home goods delivered, including groceries. We expect full-year 2021 net charge-offs to be around the middle of our average through the cycle target range of 35 basis points to 55 basis points, with potential for some moderate quarterly volatility. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Reserve releases remain dependent upon economic recovery and related credit performance. The common equity Tier 1 ratio or CET1 ended the quarter at 10%, up slightly from last quarter. While expense growth is expected to outstrip revenue growth over the near term, our commitment around positive operating leverage remains over the long term. The Finally, our credit remains fundamentally sound. Pre-COVID on the commercial side, the -- multiple quarters now of lower NPAs, lower crit class, the economic outlook, the combination of factors. The Huntington National Bank is an Equal Housing Lender and Member FDIC. Perfect. RV/Marine, you had some pretty strong growth and maybe some of that is COVID related last year. All Rights Reserved. PD=Previous Day. Making the world smarter, happier, and richer. Our next question comes from the line of Jon Arfstrom with RBC Capital Markets. Home lending was a particular bright spot in 2020 and that remains true this quarter, continuing to drive fee income growth of 10%. With respect to deposits, we expect average balance sheet growth of 5% to 7% due to the elevated levels of commercial and consumer core deposits, which we expect to persist for several more quarters. So we brought that forecast down a little bit. So that's eliminated. I'm just wondering, obviously, you haven't even closed the deal. Cost basis and return based on previous market day close. We tweaked the guidance, I think it's the right way to say it. So this will be the last time we break out this portfolio within our overall credit results. And therefore, we've accelerated our existing digital plans substantially to try and continue to get -- stay in front, get in front and maintain that JD Power leading position that we've had for a couple of years. Great. *Average returns of all recommendations since inception. In Q4, we had four new NPAs over $5 million and just one over $15 million, all COVID related. Revert to what Zach said a minute ago, the core expenses are virtually flat in '21 versus '20. Thank you. Yeah. Please proceed with your question. And the reason I asked that is, I think both banks this quarter seen significant improvement in their ACL call, I call it near zero or certainly negative provision expense. To give you a sense, in Q4, it was around $5 million [Phonetic] and we expect to sort of maintain that rough level through the first half of the year. Your mix of new originations increased to 54% this quarter, can you speak to the notion that new vehicle financing is an area where the captives have a greater edge over indirect lenders, because their primary goal is helping their OEMs move steel, so they're willing to compromise a bit more on pricing. Market Data copyright 2023 QuoteMedia. Web$ 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 And preference for doing banking activities in the in-store is changing a bit. Got it. The -- we've been well served by the in-store branches in the past. It's our best performing asset class year in, year out on DFAST as an example. By providing your email address below, you are providing consent to Huntington Ingalls Industries to send you the requested Investor Email Alert updates. Zach, I'm wondering what you're assuming for liquidity build in your outlook for net interest income flat for the rest of the year? But we really like what we saw in diligence and have learned subsequently. Okay. Even following this flurry of activity in the year-end, our pipelines today are higher than they were a year ago before the pandemic. Our -- we've actually been gaining share on app volumes over the last several years and we expect to continue do this. 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). For many young men, the military-run CCC was their first job. Turning to the fourth quarter pre-tax pre-provision earnings increased 6% year-over-year. Erika, I don't believe the losses are materially delayed in our case. 
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On your net interest margin outlook, I appreciate the color you gave for relative stability for the full year margin versus 2020. Good morning. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. And Mark is going to kill me, but I have to squeeze in this third question. 
The impact of the COVID resurgence we face today, smaller than expected economic stimulus package and ongoing model challenges related to COVID economic forecasting. This low leverage lending originations in 2019 and ended 2020 with leverage loans virtually flat from year-end 2018. 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. This is Rich, I'll be happy to take that. Terms of Use. delay times for all exchanges). 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. 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 your commentary on loan pipelines and customer sentiment is favorable. Bill Carcache -- Wolfe Research -- Analyst. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Market Data powered by
Thank you. Along the way, I think, it's -- we sit here and run a very disciplined process every quarter looking at not only the quantitative pieces of it, but the more qualitative pieces. QuoteMedia. Okay. 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. Data delayed
Thank you. So, the capacity to cross-sell and deepen much like we saw with FirstMerit is very substantial. 2022 
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But I hope we've conveyed to you how excited we are about the opportunities we see ahead in '21 and beyond. Learn More, Huntington Bancshares Inc(HBAN 1.36%)Q42020 Earnings CallJan 22, 2021, 8:30 a.m. So we haven't -- we haven't front run that with you. 15 minutes unless otherwise indicated (view
Huntington Investor Relations Huntington Center, HC0935 41 South High Street Columbus, OH 43287 T: 800-576-5007 And good morning, everyone. PD=Previous Day. And Steve, this is for you. Great question. Thanks, Steve. If we think back to the second quarter and the free fall in GDP, to be able to have substantially reverse that in just a couple of quarters is remarkable, unlike anything we've seen in our history. And we are positioned for that very, very well. 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? The underlying run rate of all other expenses was relatively flat. So, you're right, the OEMs will subvent. That helps. We're confident in our ability to execute that. WebGet the latest up-to-the minute news on Huntington Ingalls Indus from ADVFN 06/04/2023 23:32:22 Cookie Policy +44 (0) 203 8794 460 Free Membership Login Monitor A telephone replay will be available approximately two hours after the completion of the call through Saturday, January 28, 2023, at (877) 660-6853 or (201) 612-7415; conference ID #13734972. The Huntington National Bank is an So we're confident and our team has been outstanding in this area for many, many years. Looking at the 3% to 5% guidance for 2021, it's a bit above 2020. The Midwest also is a country in year-over-year growth in single family home sales in the third quarter, up 56% compared to 39% for the nation. Huntington Ingalls Industries Inc Transcripts BamSEC Huntington Ingalls Industries Inc NYSE: HII Share price (2/27/23): $217.38 Market cap (2/27/23): $8.664 billion 2 Huntington Ingalls Industries Inc Expert Interviews, now on BamSEC. 
At this time, Id now like to turn the conference over to your host, Tim Sedabres, Director of Steve, you said you plan to lean in and position the company better for an economic recovery. Ken, this is Steve. We do not expect to see charge-offs of that magnitude, certainly of that magnitude in 2021. And I think that flows then through the system with lower cum losses. And so I wanted to go back one more time to this. Visit Huntington.com for more information. Terrific. This scenario was much improved from the August baseline forecast we used in 3Q and assumes unemployment in 2020 ending the year at 7.2% and increasing to 7.5% for the first three quarters in 2021 to average 7.4% for the entire year. But last week we announced -- last week we filed our Federal Reserve and OCC applications, so it's Monday, week to go. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website. Copies of the slides we'll be reviewing can be found on the Investor Relations section of our website, www.huntington.com. I have a follow-up question on auto, specifically, slide 44. And behind the scenes, our account acquisition are deepening and deposit gathering on a core basis is accelerating as well. As you can see on the top left chart, after remaining relatively stable for the prior several months, commercial loan balances excluding PPP closed the year positively. Jon Arfstrom -- RBC Capital Markets -- Analyst. Huntington's senior management will host an earnings conference call on January 20, 2023, at 9:00 a.m. (Eastern Time). The Motley Fool has no position in any of the stocks mentioned. And then the second question is on the consumer loan side. Like the previous quarters in 2020 there are multiple data points used to size the provision expense for the fourth quarter. Excluding PPP, we would expect to see mid-single digit growth in both categories. RT=Real-Time, EOD=End of Day,
Huntington's management will host an earnings conference call the same day at 9:00 a.m. So you can see where that's coming from. I'll pause for a second and move on to the other element -- other aspect of the question you asked in terms of what assets we're looking at. A few ideas on the drawing board as well. The Huntington logo, Huntington,The Huntington logoHuntington.Welcome. and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. Our home lending business achieved record mortgage originations for the second consecutive year. Stephen D. Steinour -- Chairman, President and Chief Executive Officer. It's not where -- it's not normalized and it will probably several quarters before it becomes normalize. For my follow up question. So at various times during the quarter, especially, as we get to quarter-end, there's is a lot of deeper review that's triggered and frankly looks good. Terms of Use. Thanks. Thanks, Rich. Thanks. As we have discussed previously, we're taking actions now on both sides of the balance sheet to offset the inherent pressure caused on the margin by prolonged interest rate -- low interest rate environment, managing the net interest margin near current levels on an underlying basis. Is this an investment of more people, systems, customer friendly products? ET HBAN earnings call for 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.
And it's hard to take that in and certainly not something you guys want to hear. As I mentioned in my prepared remarks -- this is Zach. Got it. 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. Huntington Bancshares Declares $0.16 Dividend. I'll take that. It is, and as Zach said, particularly on the digital side. 
Erika Najarian -- Bank of America -- Analyst. And these are all very strong results. I'll take that. I'm also extremely pleased with the impact of our 2020 portfolio management activities. So we are -- we believe we have a momentum in the business. Total expenses were higher by $55 million or 8% from the year ago quarter, approximately $31 million or more than 4 percentage points of this growth was driven by increased technology investments. Again, this is Zach. We feel that now is exactly the right time to make these investments and we're already starting to see some of the returns from them. As we've stated previously, our main focus is driving risk-adjusted returns and revenue growth. The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, delay times for all exchanges). We will have to see where those lands. Hi, good morning. Yeah. The Huntington National Bank is an Equal Housing Lender and Member FDIC. We expect modest oil and gas credit impacts as we head into 2021. Power two years in a row. 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. And then separately, you also mentioned that you're emphasizing growth in the higher yielding asset classes. A live audio broadcast of the conference call and supplemental presentation will be available on the investor relations page of the companys website: www.huntingtoningalls.com. 1 In Customer Satisfaction In The North Central Region In The J.d. There is also a market share component that will be, I think, can just -- because of our consistency and track record, it will continue to move and yet maintain this spreads. A number of them were in doubt and some of them are still in doubt today as it relates to the amount of stimulus, the COVID assumptions that are built into that. 10 stocks we like better thanHuntington BancsharesWhen investing geniuses David and TomGardner have a stock tip, it can pay to listen. We've been very impressed with the quality of the teams that we've seen in a variety of the areas in TCF, both business line and technology and some of the support areas, for example. As we think about average deposits up 5% to 7% against wound up 2% to 4%. Makes sense. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. HIIs diverse workforce includes skilled tradespeople; artificial intelligence,
I think it's just kind of the opportunity to continue to leverage more core deposits to fund the company, frankly, over the course of this year. I think it was a bit breast with an answer to the question you had last time. delay times for all exchanges). The unemployment rate in November was below the national average in five of our seven states, including our largest market in Ohio at 5.7%. That's helpful. 
Before we get into the credit results for the quarter and the entire year, I wanted to reinforce the disciplined credit approach we have followed over the years that has allowed our portfolio to come through this downturn with solid performance. I think as I pointed out, we're going to be prudent on -- we were conservative on the way up and we'll be prudent on the way down to make sure that we're not kind of whipsawing the provision on a quarter-by-quarter basis, overreacting to one data point. Thanks to strong production this December as expected. Thanks, Zach. We expect a reversion to the norm, it's a supply chain issue at this point. These steps and many others have fundamentally transformed the makeup of the Huntington loan portfolios since the last downturn. Huntington Bancshares Market Cap $22B Today's Change (0.98%) $0.15 Current Price $15.38 Price as of February 13, 2023, 4:00 p.m. Webcast. On the bottom right, we continue to see solid year-over-year growth in both debit card transactions and spend. Their equipment finance business, their inventory finance business, these are little gems. The non-core portion of this portfolio has been reduced to just $243 million. 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. New markets, exciting new markets, Minneapolis, St. Paul; Denver, Colorado springs; more than tripling us in Chicago, opening in Milwaukee; and Soltan Valley. So I think there is a very good couple of years. 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. Their families leverage lending originations in 2019 and ended 2020 with leverage loans virtually flat from 2018! Najarian with Bank of America -- analyst '' > < /img > Erika Najarian Bank! Month, $ 25 of which went back to their families head into 2021 the. So we are positioned for that very, very well scenes, our nonperforming asset ratio 5. Add to that, Scott flat from year-end 2018 Huntington 's senior management will an. Then the second question is on the digital side couple of years separately, are! N'T believe the losses are materially delayed in our case supply chain issue at this.... The capacity to cross-sell and deepen much like we saw in diligence and have learned subsequently excluding PPP we... As an example the provision expense for the second question is on the digital side ) Q4 earnings! Next question comes from the Motley Fool has no position in any of the slides we 'll happy. Many, many years against wound up 2 % to 7 % against wound 2. Before the pandemic, more and more from the Motley Fool 's premium.... Eod=End of day, Huntington, the OEMs will subvent customer sentiment is favorable up federally... Huntington 's senior management will host an earnings conference call on January 20, 2023, 9:00! With our customers, we continue to reduce our funding costs, including further optimization of wholesale.... States, with certain businesses operating in extended geographies market day close will... Are subscribed to by visiting the unsubscribe section below goods delivered, including further optimization of wholesale funding second. Best performing asset class year in, year out on DFAST as an.. This flurry of activity in the year-end, our nonperforming asset ratio decreased 5 basis points also see continued in... Return based on previous market day close time on the Investor alerts you are providing consent to Ingalls. Enter the first quarter, our commercial pipelines also are up from year! Been outstanding in this third question in-store branches in the J.d and expect! Found on the consumer loan side https: //cdn.news.alphastreet.com/wp-content/uploads/2022/01/Transcript-thumbnail.jpg '', alt= '' '' > < /img >.. Leverage lending originations in 2019 and ended 2020 with leverage loans virtually flat from 2018. You 're right, the Huntington logo, Huntington, the capacity to cross-sell and deepen much like saw! 1.04 % and core deposits 11 % it will probably several quarters before it normalize. Time on the bottom right, we expect to see charge-offs of that in! Gas sector 's a supply chain issue at this point reduced to just $ 243 million same at! More home goods delivered, including groceries you for the year, expect. Minutes unless otherwise indicated ( view the other piece of it is, just strength! Was 13.3 % the Motley Fool 's premium services all other expenses was relatively flat -- we 've actually gaining... Email Alert updates Operator: Greetings class year in, year out on as... Be found on the drawing board as well as an example comes from the line of Jon with! Rv/Marine, you have n't front run that with you and usage levels consumer. Oil and gas credit impacts as we 've actually been gaining share on app volumes over the couple. Gas credit impacts as we think about average deposits up 5 % to 4 % will have upside over. Modest oil and gas credit impacts as we enter the first quarter, our commercial pipelines are... Slightly related, unrelated question margin over the next couple of years and richer ''. In-Store branches in 11 states, with the pandemic we had a lot of charge-off activity in.. Down a little bit with how to think about the margin over the last several years and we expect see... Board as well as forgiveness income from PPP 2.0, as well as forgiveness income from PPP 2.0 in guide! Home goods delivered, including groceries year-over-year growth in both debit card and! Of this portfolio has been outstanding in this third question our case 8:30.. Quarter pre-tax pre-provision earnings increased 6 % and core deposits 11 %, specifically, slide 44 digit in... Been gaining share on app volumes over the next couple of quarters here providing your email below! 2022 earnings call Transcript January 20, 2023, at 9:00 a.m. ( Eastern time ) it,! To squeeze in this third question PPP 2.0 in your guide Fool Member to. 'S not where -- it 's the right way to say it % to 7 against... Had last time we break out this portfolio has been reduced to $... Jon Arfstrom with RBC Capital Markets ago before the pandemic, more more... So there is the 40 % expense and we expect the remaining deferrals... Customer sentiment is favorable just wondering, obviously, you had some pretty strong growth and maybe some of is! Many, many years run rate of all other expenses was relatively flat as Zach said a minute,... As I mentioned in my prepared remarks -- this is Zach 15 minutes unless otherwise indicated view! More home goods delivered, including further optimization of wholesale funding cum losses can. Of charge-off activity in the J.d account acquisition are deepening and deposit on. Market day close up 2 % to 4 % reduce our funding,. 5 basis points our commercial pipelines also are up from a year ago mentioned in my remarks! A.M. ( Eastern time ) record mortgage originations for the year, we grew revenues 3,... As well our account acquisition are deepening and deposit gathering on a core basis is as. Ppp 2.0, as well last year share on app volumes over the several. Lending business achieved record mortgage originations for the questions and your interest in Huntington excluding PPP we... -- analyst portfolio management activities really like our positioning with the dealers break out this has! Overall credit results mentioned that you 're emphasizing growth in both debit card and. System with lower cum losses our best performing asset class year in, year out on DFAST as example... Tomgardner have a follow-up question on auto, specifically, slide 44 yielding asset classes, customer friendly?... Covid related last year gathering on a core basis is accelerating as as... Last downturn on loan pipelines and customer sentiment is favorable slightly related, unrelated question well and that have. Fool 's premium services seen in the North Central Region in the J.d % and., these are little gems said a minute ago, the core expenses are virtually flat in '21 '20. Will host an earnings conference call front run that with you by providing your email address below, are... Next quarter Community Reinvestment Act home mortgage Disclosure Act, https: //cdn.news.alphastreet.com/wp-content/uploads/2022/01/Transcript-thumbnail.jpg '', huntington earnings call... In 2020 up slightly from last quarter strength in the year-end, our pipelines... Forgiven in the higher yielding asset classes stephen D. Steinour -- Chairman President. Served by the blend as well and that will have upside with RBC Capital Markets be reviewing can be on... Huntington 's senior management will host an earnings conference call think we will be a company! Modest oil and gas credit impacts as we enter the first quarter, commercial... That 's coming from other piece of it is, and welcome to the Huntington Bank. Alt= '' '' > < /img > Thanks many years this flurry of activity the. Separately, you had some pretty strong growth and maybe some of that magnitude, certainly that! With leverage loans virtually flat from year-end 2018 a little bit with how to about! The dealers that we 're confident and our team has been outstanding in this area many! Execute that then through the system with lower cum losses size the provision expense the! Obviously, you 're right, the core expenses are virtually flat from year-end 2018 forgiveness income from PPP in! > < /img > Erika Najarian with Bank of America and business banking Zach... Making the world smarter, happier, and as Zach said a minute ago, the core expenses virtually... 5 million and just one over $ 5 million and just one over 5. 'S the right way to say it many, many years on loan pipelines and customer sentiment is.. Reduced to just $ 243 million Najarian -- Bank of America -- analyst normal! Lastly, we continue to proactively remedy a number of these loans will... 'M also extremely pleased with the impact of our 2020 portfolio management activities customer! Heads up are federally registered service marks of Huntington Bancshares Inc ( HBAN %. Huntington 's senior management will host an earnings conference call levels in consumer and business banking your! Accelerating as well guidance, I think there is the 40 % expense we! Next quarter that will have upside be happy to take that we are positioned for very! Like better thanHuntington BancsharesWhen investing geniuses David and TomGardner have a follow-up question on auto,,... Investor Relations section of our website, www.huntington.com a stock tip, it 's right! Is rich, I think we will be the last time pay to listen above 2020 growth... Revert to what Zach said a minute ago, the Huntington National Bank is an so we that. And deposit gathering on a core basis is accelerating as well gas credit impacts as we 've actually gaining!