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2014 Second Quarter Earnings Review – Huntington Energy

Huntington Energy · Jul 18, 2014 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 Second Quarter Earnings Review – Huntington Energy – slide 1
    2014 Second Quarter Earnings Review July 18, 2014 1
  2. 2014 Second Quarter Earnings Review – Huntington Energy – slide 2
    Do we consolidate Basis of Presentation this and next slide Use of non-GAAP financial measures This document may contain GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in…
  3. 2014 Second Quarter Earnings Review – Huntington Energy – slide 3
    Basis of Presentation Significant Items From time to time, revenue, expenses, or taxes are impacted by items judged by Management to be outside of ordinary banking activities and/or by items that, while they may be associated with…
  4. 2014 Second Quarter Earnings Review – Huntington Energy – slide 4
    Presenters Steve Steinour Chairman, President, and Chief Executive Officer Mac McCullough Senior Executive Vice President Chief Financial Officer Other Participants Dan Neumeyer Senior Executive Vice President Chief Credit Officer…
  5. 2014 Second Quarter Earnings Review – Huntington Energy – slide 5
    Highlights compared with 2013 Second Quarter Net Income of 165 MM, or 0.19 per common share 0.61, or 10%, increase in tangible book value per share to 6.48 33 MM, or 5%, increase in fully-taxable equivalent revenue to 717 MM 35 MM,…
  6. 2014 Second Quarter Earnings Review – Huntington Energy – slide 6
    2Q14 Highlights (cont.) Compared with 2013 Second Quarter Credit quality 6 MM, or 18%, decrease in net charge-offs (NCOs), 25 bp of loans & leases 39 MM, or 11%, decrease in nonaccrual loans (NALs), 71 bp of loans & leases Capital…
  7. 2014 Second Quarter Earnings Review – Huntington Energy – slide 7
    Other Highlights Announced and received approval for 24-branch deal in Michigan from Bank of America Estimated closing in September J.D. Power survey of retail banking customers awards Huntington the highest customer satisfaction…
  8. 2014 Second Quarter Earnings Review – Huntington Energy – slide 8
    Quarterly Performance Highlights 2Q14 1Q14 4Q13 3Q13 2Q13 EPS 0.19 0.17 0.18 0.20 0.17 Cash dividends declared per common share 0.05 0.05 0.05 0.05 0.05 Book value per common share at end of period 7.17 6.99 6.86 6.70 6.49 Tangible…
  9. 2014 Second Quarter Earnings Review – Huntington Energy – slide 9
    2Q14 YoY Summary Income Statement & Notables 2014 2013 Second First Fourth Third Second Change (%) (in millions) Quarter Quarter Quarter Quarter Quarter LQ YOY Net interest income - FTE 466.7 443.4 438.8 431.5 431.5 5 % 8 % Total…
  10. 2014 Second Quarter Earnings Review – Huntington Energy – slide 10
    Net Interest Income and Margin (1) Average Earning Asset Mix Net Interest Margin (FTE) FTE Net Interest Income (MM) 431.5 431.5 438.8 443.4 466.7 3.60% 1% 1% 1% 1% 1% 100% 10% 10% 10% 10% 10% 90% Other Earning Assets 3.45% 16%…
  11. 2014 Second Quarter Earnings Review – Huntington Energy – slide 11
    Deposits Core CD Maturities & Avg. Total Deposits Rate / Mix Avg. Maturity Rate Rate 0.51% 0.36% 0.33% 0.32% 0.28% 0.25% 4.0 (B) 2.00% 100% 5% 5% 5% 5% 5% 5% Noncore 3.5 1.75% 90% 10% 9% 8% 8% 7% 15% 11% 10% 11% Core 3.0 1.50%…
  12. 2014 Second Quarter Earnings Review – Huntington Energy – slide 12
    Capital (1) 2Q14 1Q14 4Q13 3Q13 2Q13 Tang. common equity / tang. assets 8.38% 8.63% 8.82% 9.01% 8.76% Tier 1 common 10.26 10.60 10.90 10.85 10.71 Tier 1 leverage 10.01 10.32 10.67 10.85 10.64 Tier 1 risk-based capital 11.56 11.95…
  13. 2014 Second Quarter Earnings Review – Huntington Energy – slide 13
    Credit Quality Trends Overview 2Q14 1Q14 4Q13 3Q13 2Q13 2Q12 Net charge-off ratio 0.25% 0.40% 0.43% 0.53% 0.34% 0.82% 90+ days PD and accruing 0.30 0.35 0.38 0.42 0.43 0.24 NAL ratio(1) 0.71 0.74 0.75 0.78 0.87 1.19 NPA ratio(2) 0.79…
  14. 2014 Second Quarter Earnings Review – Huntington Energy – slide 14
    Nonperforming Asset Trends NPAs EOP NPA Inflows (MM) (MM) 1,000 2Q14 vs. % Chg 350 900 2Q12 -31% 300 800 2Q13 -9% 250 700 600 1Q14 -1% 200 500 400 150 300 100 200 50 100 (1)% (3)% (13)% (7)% (5)% (6)% (6)% 4% (1)% 0 0…
  15. 2014 Second Quarter Earnings Review – Huntington Energy – slide 15
    Provision, NCO, and ACL Loan Loss Provision vs. Allowance for Credit Losses (MM) Net Charge-offs vs. NALs % Chg. 2.5% 225% 2Q14 vs. LLP NCO 2.28% 221% 220% 2Q12 -19% -66% 2.09% 130 2Q13 19% -18% 1.99% 214% 213% 215% 1Q14 20%…
  16. 2014 Second Quarter Earnings Review – Huntington Energy – slide 16
    Consumer Checking Account Household Growth 2Q14: 9.5% annualized linked quarter growth, 7.8% YoY growth 48.8% with 6+ products or services penetration(1), up from 46.7% a year ago 2Q14 revenue of 257 MM, up 17 MM LQ, up 17 MM YoY…
  17. 2014 Second Quarter Earnings Review – Huntington Energy – slide 17
    Commercial Relationship(1) Growth 2Q14: 0.8% YoY growth(2) 41.3% with 4+ products or services penetration(3), up from 36.3% a year ago. 2Q14 revenue of 212 MM, up 15 MM LQ, up 33 MM YoY 160 Commercial Relationships (000s) 155…
  18. 2014 Second Quarter Earnings Review – Huntington Energy – slide 18
    Expectations Challenge / Opportunity HBAN Disciplined Economic outlook C&I growth due to customer activity and positive impact from our investments in Loan improved but specialized commercial verticals, automotive dealer relationships,…
  19. 2014 Second Quarter Earnings Review – Huntington Energy – slide 19
    Positive Operating Leverage YTD 2014 2013 Y/Y Change Actual Actual % Net interest income 897.6 849.1 FTE adjustment 12.5 12.5 FTE Net interest income 910.1 861.6 48.5 5.6 % Noninterest income 498.6 508.5 Net gain MSR hedging (0.6) 8.3…
  20. 2014 Second Quarter Earnings Review – Huntington Energy – slide 20
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