Skip to main content 2014 Fourth Quarter Earnings Review – Huntington Energy Investor Presentation | Shale Experts
Loading...
Pm

2014 Fourth Quarter Earnings Review – Huntington Energy

Huntington Energy · Jan 22, 2015 · 22 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 Fourth Quarter Earnings Review – Huntington Energy – slide 1
    2014 Fourth Quarter Earnings Review January 22, 2015 1
  2. 2014 Fourth 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 Fourth 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 Fourth 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 Fourth Quarter Earnings Review – Huntington Energy – slide 5
    2014 Highlights Compared with 2013 Full Year: Net income of 632 MM, or 0.72 per common share Impacted by 76 MM of noninterest expense related Significant Items(1) 1.01% return on average assets, 11.8% return on average tangible…
  6. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 6
    2014 Highlights (cont.) 2014 Fourth Quarter Compared with 2013 Fourth Quarter: Continued customer growth and OCR(1) success Consumer checking account households 10% growth since 4Q13, 49.4% with 6+ products or services…
  7. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 7
    Other Highlights Completed consolidation of 26 branches Enhanced checking account product suite with the introduction of Huntington 5 Checking and Huntington 25 Checking Agreed to become an Apple Pay partner Ranked highest in overall…
  8. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 8
    Quarterly Performance Highlights 4Q14 3Q14 2Q14 1Q14 4Q13 EPS 0.19 0.18 0.19 0.17 0.18 Cash dividends declared per common share 0.06 0.05 0.05 0.05 0.05 Book value per common share at end of period 7.32 7.24 7.17 6.99 6.86 Tangible…
  9. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 9
    4Q14 YoY Summary Income Statement & Notables 2014 2013 2014 2013 Full Full YOY Fourth Third Fourth Change (in millions) Year Year Change Quarter Quarter Quarter LQ YOY Net interest income - FTE 1,864.7 1,731.9 8 % 480.8 473.8 438.8 1…
  10. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 10
    Earning Asset Mix and Margin(1) Net Interest Margin (FTE) Average Earning Asset Mix 3.60% FTE Net Interest Income (MM) 440 439 443 467 474 481 60 60 (B) 59 57 Other Earning 55 10% Assets 53 10% 3.45% 10% 51 10% 3.42% 50 10%…
  11. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 11
    Deposits Core CD Maturities & Avg. Total Deposits Rate / Mix Avg. Maturity Rate Rate 0.42% 0.32% 0.28% 0.25% 0.23% 0.23% 4.0 (B) 2.00% 51 50 (B) 49 48 48 6% 47 47 Noncore 5% 6% 5% 4% 5% 6% 3.5 1.75% 45 6% 8% 7% 8% 10% 12% 40…
  12. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 12
    Capital(1) 4Q14 3Q14 2Q14 1Q14 4Q13 Tang. common equity / tang. assets 8.17% 8.35% 8.38% 8.63% 8.82% Tier 1 common 10.23 10.31 10.26 10.60 10.90 Tier 1 leverage 9.74 9.83 10.01 10.32 10.67 Tier 1 risk-based capital 11.50 11.61…
  13. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 13
    Credit Quality Trends Overview 4Q14 3Q14 2Q14 1Q14 4Q13 4Q12 Net charge-off ratio 0.20% 0.26% 0.25% 0.40% 0.43% 0.69% 90+ days PD and accruing 0.27 0.30 0.30 0.35 0.38 0.27 NAL ratio(1) 0.63 0.70 0.71 0.74 0.75 1.00 NPA ratio(2) 0.71…
  14. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 14
    Nonperforming Asset Trends NPAs EOP NPA Inflows (MM) (MM) 1,000 4Q14 vs. % Chg 350 900 4Q12 -24% 300 800 4Q13 -4% 250 700 600 3Q14 -7% 200 500 400 150 300 100 200 50 100 (1)% (3)% (13)% (7)% (5)% (6)% (6)% 4% (1)% (7)% 0 0…
  15. 2014 Fourth 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% 222% 225% 4Q14 vs. LLP NCO 220% 221% 4Q12 -94% -67% 4Q13 -90% -51% 1.99% 214% 130 215% 1.91% 211% 211% 3Q14…
  16. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 16
    Consumer Checking Account Household Growth 4Q14: 0.2% annualized linked quarter growth, 9.8% YoY growth 49.4% with 6+ products or services penetration(1), up from 47.7% a year ago 4Q14 revenue of 261 MM, up 1 MM LQ, up 28 MM YoY…
  17. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 17
    Commercial Relationship(1) Growth 4Q14: 1.6% annualized linked quarter growth, 3.1% YoY growth(2) 41.9% with 4+ products or services penetration(3), up from 37.5% a year ago. 4Q14 revenue of 213 MM, flat LQ, up 22 MM YoY 165 160…
  18. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 18
    Positive Operating Leverage YTD (MM) 2014 2013 Y/Y Change Actual Actual % Net interest income 1,837.1 1,704.6 FTE adjustment 27.6 27.3 FTE Net interest income 1,864.7 1,731.9 132.8 7.7 % Noninterest income 979.2 1,012.2 Net gain MSR…
  19. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 19
    Important Messages 2015 Expectations Excluding Significant Items and net MSR activity, we expect to deliver positive operating leverage in 2015 with revenue growth exceeding noninterest expense growth of 2-4% Overall, asset quality…
  20. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 20
    21
  21. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 21
    Reconciliation Noninterest Expense from Continuing Operations (GAAP) 2014 2013 2014 2013 Full Full YOY Fourth Third Fourth Change % (in millions) Year Year Change Quarter Quarter Quarter LQ YOY Noninterest Expense Personnel costs…
  22. 2014 Fourth Quarter Earnings Review – Huntington Energy – slide 22
    Reconciliation Significant Items Impacting Financial Performance Comparisons(1) (in millions, except per share amounts) 4Q14 3Q14 2Q14 1Q14 After-tax EPS After-tax EPS After-tax EPS After-tax EPS Net incom e - reported earnings 163.6…

From the store

Browse maps, data & reports in the Shale Experts store