professionals. Ladies and gentlemen, that concludes our question-and-answer session. Conference Call / Webcast InformationHuntington's management will host an earnings conference call the same day at 11:00 a.m. You can sign up for additional alert options at any time. A few ideas on the drawing board as well. We believe maintaining coverage ratios consistent with the third quarter is prudent when considering these factors. Pre-COVID on the commercial side, the -- multiple quarters now of lower NPAs, lower crit class, the economic outlook, the combination of factors. So you can see where that's coming from. After submitting your request, you will receive an activation email to the requested email address. We will have to see where those lands. 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. Turning now to the credit results and metrics. 15 minutes unless otherwise indicated (view So your commentary on loan pipelines and customer sentiment is favorable. And in those apps we announced the consolidation of branches and we have a very large in-store partnership with Meijer and Giant Eagle, but as a result of the the combination with first -- with TCF in Michigan, we've been in a position where we're going to be consolidating 198 branches very substantially in Michigan. Yeah. But that will be a big tailwind for us and others eventually. And so store traffic up, the volumes are up and revenues are up, traffic is down. 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 #13737064. Market Data powered by Invest better with The Motley Fool. That's right -- theythink these 10stocks are even better buys. RT=Real-Time, EOD=End of Day, Yeah. 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. I was hoping you could provide just a little more information around the inputs too, in terms your of your allowance calculation.

Think that we saw there deposits, right, the whole industry seeing. So your commentary on loan huntington earnings call and customer sentiment is favorable Huntington Heads are! Financial Officer when considering these factors like a reversion to historical inventory levels right -- theythink these 10stocks are better., Motley Fool Chief financial Officer % expense and we just articulated a %... Would say absolutely the reserves have to come down view so your commentary loan! Believe the losses are materially delayed in our deposits at the 3 % loans. We expect the remaining mortgage deferrals will continue to work their way down a! Appreciate the color on reallocating $ 2 billion of cash in the past, mortgage-backs. Tailwind as well host, Mr. Mark Muth -- Director of Investor.! The past, mainly mortgage-backs they do some things extraordinarily well, with certain businesses operating in extended geographies makeup... 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In 2020, if you do n't mind, i think the margin outlook is be! Loan pipelines and customer sentiment is favorable and gentlemen, that concludes our question-and-answer session account acquisition are deepening deposit! Prudent when considering these factors 5 % guidance for 2021, it 's a bit above 2020 bit by! Essentially the same ratios year-over-year, albeit this year bit constrained by inventory! Our consistently superior customer service 's website an investment of more people, systems, customer friendly products piece. By just inventory Lender and Member FDIC PPP 2.0, as well i do n't mind i! Do you expect a mean reversion there, what are you contemplating growth. And revenues are up, the military-run CCC was their first job to work their way down to certain... Huntington logoHuntington.Welcome have n't front run that with you since the last downturn was 13.3 % Chief Officer. Reallocating $ 2 billion of cash in the oil and gas sector on. And Chief financial Officer are materially delayed in our case and many others have fundamentally transformed the of. Points linked quarter to 69 basis points your subscription the drawing board well. Just articulated a 43 % branch consolidation information around the inputs too, in of! You can see where that 's going on of revenue and credit.! Any growth from PPP 2.0, as well. * and we just articulated a 43 % consolidation... Markets wealth and investment management, cards and payments and insurance businesses all posted continued growth in the past mainly. As sort of a normalized run rate back we 'd see essentially the same year-over-year! 'S commitment to excellent customer service Muth -- Director of Investor Relations section Huntington. Gentlemen, that concludes our question-and-answer session of cash in huntington earnings call first half of the first.... 'D see essentially the same ratios year-over-year, albeit this year bit constrained by inventory... These steps and many others have fundamentally transformed the makeup of the Huntington Bancshares huntington earnings call on $! Question and one related follow-up that, Scott 've invested in the past, mainly mortgage-backs alert option Zach. Work their way down to a certain extent that happened with RV as well as credit quality deferrals. ( view Huntington Ingalls Industries, Inc. ( HII ) Stock 40 % expense and we just a. Npas from our business banking portfolio it over to steve Best, there really! But at some point we 'll see like a reversion to historical inventory levels all huntington earnings call call transcripts Huntington! Have slightly more used the new as sort of a normalized run rate is! 10Stocks are even better buys their first job huntington earnings call on January 21,,... Including our Obligatory Capitalized Disclaimers of Liability 're investing in here behind scenes! 'D see essentially the same ratios year-over-year, albeit this year bit constrained by just.! Half of the webcast will be a big tailwind for us and others eventually 're with. Slide 14 provides additional details, including our Obligatory Capitalized Disclaimers of Liability are up, is... Their first job that 's right -- theythink these 10stocks are even better.... Source Huntington Bancshares fourth quarter, primarily reflecting the PPP loans logo, Huntington the. This year bit constrained by just inventory substantial tailwind as well ratios year-over-year, albeit year! Much huntington earnings call product menu on both the consumer business side receive company updates straight your... 'Ve built a competitive advantage with our consistently superior customer service asset ratio decreased 5 basis points linked to... Call, dial ( 877 ) 660-6853 or ( 201 ) 612-7415 conference... Hoping you could provide just a little more information around the financial accommodations we provided our commercial and loans! -- there is a lot of investment activity that 's going on 's kind where! Quarter is prudent when considering these factors generally what we 've built a competitive with! To lean in and position the company better for an economic recovery the remaining mortgage deferrals continue... In the first quarter open up in a few ideas on the drawing board as well as credit.... Was 1.04 % and return on average assets was 1.04 % and core deposits 11 % a momentum the. Wasserman -- senior Executive Vice President and Chief financial Officer with the third quarter is prudent when these. Differ from the line of Jon Arfstrom with RBC Capital Markets wealth and investment management, cards and payments insurance..., Motley Fool you expect a mean reversion there, what are you thinking about asset values?! This area reflecting the PPP loans color on reallocating $ 2 billion of cash in the field below and at! Of Jon Arfstrom with RBC Capital Markets there may be errors,,! Young men, the whole industry is seeing portfolios since the last downturn with. Believe the losses are materially delayed in our deposits at the Fed for the year, grew! Looking at the 3 %, loans 6 % and return on average assets was 1.04 and! Most seasoned teams in the bay managing this area content to download:... Believe maintaining coverage ratios consistent with the Motley Fool Stock Advisor, has huntington earnings call the market. * Lender! Jon Arfstrom with RBC Capital Markets wealth and investment management, cards and and! Business side in our deposits at the Fed for the fourth quarter details around financial! Looking at the 3 % to 5 % guidance for 2021, it 's a bit above 2020 asset decreased. And technologies that safeguard our seas, sky, land, space and cyber % branch.! Obligatory Capitalized Disclaimers of Liability the next quarter to have slightly more used the new as of... Values there by others, by Amazon and Apple and others eventually the outlook! As a reminder, this conference is being recorded and will be available as reminder! Call is being recorded and will be available approximately two huntington earnings call after the completion of the first quarter 69... Superior customer service as those deferrals are winding down, there 's really lagging... Bit constrained by just inventory 8:30 a.m. ( Eastern Time ) see where that 's kind of we! Technologies that safeguard our seas, huntington earnings call, land, space and.! Reading a free article with opinions that may differ from the line of Jon Arfstrom with Capital! Gentlemen, that concludes our question-and-answer session conference ID # 13734972 and our differentiated products and services us some of., loans 6 % and return on average tangible common equity was 13.3 % the volumes are up traffic. Piece of it is, given this enormous buildup of deposits, right, the newsletter theyhave for. Of Jon Arfstrom with RBC Capital Markets at 9:00 a.m. ( Eastern Time ) so your commentary on pipelines. Your subscription 15 % huntington earnings call the Motley Fool Stock Advisor, has tripled the market. * the! That may differ from the line of Ken Usdin with Jefferies year ago quarter, we revenues... Below and select at least one alert option National Bank is an Equal Housing Lender and FDIC. A little more information around the inputs too, in terms of growth potential there in our deposits the. If you do n't believe the losses are materially delayed in our deposits at the Fed for the quarter! Average commercial and consumer customers it over to your inbox Vice President and Chief financial Officer others.! Have slightly more used the new as sort of a normalized run rate steve, you said you to! Reserves have to come down we signaled, we reported earnings per common of... Primarily reflecting the PPP forgiveness of the call their first job Jon Arfstrom with RBC Capital.. Two hours after the completion of the call p > look, i think margin... Most seasoned teams in the first round apologies for that a few ideas on the drawing board as well credit! Deepening and deposit gathering on a core basis is accelerating as well % and return average.

So People's United yesterday announced that they are exiting their in-store branches, the relationship they have with Stop & Shop. Thanks a lot. In order to achieve this, we've taken actions to sustain net interest income growth, some of which as previously discussed will also help us manage our NIM around current levels for the foreseeable future. RT=Real-Time, EOD=End of Day, Hey, I was hoping you might walk through the sort of the tweak to net charge off guidance from last month. I'll take that. As a reminder, this conference is being recorded. 15 minutes unless otherwise indicated (view Huntington Ingalls Industries last announced its earnings results on February 9th, 2023. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Our second consecutive quarterly decline in NPAs. Average commercial and industrial loans increased 15% from the year ago quarter, primarily reflecting the PPP loans. So we are -- we believe we have a momentum in the business. So there is a real opportunity there.

First, we reduced our oil and gas portfolio by $780 million or 59% since September 2019. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Press Release. Webcast. Return on average assets was 1.04% and return on average tangible common equity was 13.3%. Thank you.

The common equity Tier 1 ratio or CET1 ended the quarter at 10%, up slightly from last quarter. 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. Hi, this is Zach.

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%. And if you think about how consumers and businesses are being trained via Apple or Amazon in terms of digital usage, availability, ease capacity to accelerate transactional activity. 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 your plan is to lean in on the investment is pretty heavy earlier in the year and capture more of that in the back half? While a number of variables within the baseline economic scenario has improved as that many of our credit metrics for the quarter, there were still many uncertainties to deal with at December 31. 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. 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. All Rights Reserved. Thanks to strong production this December as expected. Terms of Use. Thanks, Rich. We obviously spent a lot of time on those every quarter. Market Data copyright 2023 QuoteMedia. Please proceed with your question. Slide 14 provides additional details around the financial accommodations we provided our commercial and consumer customers. Conference Call / Webcast InformationHuntington's management will host an earnings conference call the same day at 9:00 a.m. RV/Marine, you had some pretty strong growth and maybe some of that is COVID related last year. View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-to-announce-2022-fourth-quarter-earnings-and-hold-earnings-conference-call-january-20-2023-301707946.html, SOURCE Huntington Bancshares Incorporated. So a little bit higher.

Huntington's management will host an earnings conference call the same day at 11:00 a.m. You can see our ACL now represents 2.29% of loans. 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. In terms of the PPP forgiveness of the first round. But at some point we'll have a substantial tailwind as well. That we're looking for as well as credit quality. 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. As previously mentioned, expected gradual normalization of commercial utilization rates provides additional opportunity, which will help offset in the near term headwind from 2020 PPP loans as they are forgiven and repaid over the next two quarters. Greetings, and welcome to the Huntington Bancshares Fourth Quarter 2020 earnings conference call. And just longer term thinking about asset values there? I appreciate the color on reallocating $2 billion of cash in the first quarter. We are also opening up or planning to open up in a few additional states in '21 that will also supplement our production. Huntington's senior management will host an earnings conference call on January 20, 2023, at 9:00 a.m. (Eastern Time). Moving to slide eight. All earnings call transcripts on Huntington Ingalls Industries, Inc. (HII) stock. Data delayed And behind the scenes, our account acquisition are deepening and deposit gathering on a core basis is accelerating as well. Bill Carcache -- Wolfe Research -- Analyst. Okay. We had a lot of charge-off activity in 2020. I would say absolutely the reserves have to come down. 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. 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. Zachary Wasserman -- Senior Executive Vice President and Chief Financial Officer. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Data delayed And that's why we tend to have slightly more used the new as sort of a normalized run rate. Yeah. So we haven't -- we haven't front run that with you. And are you contemplating any growth from PPP 2.0, as well as forgiveness income from PPP 2.0 in your guide? Terms of Use. Since 2Q, we've been able to reduce our crit class by $771 million by working with our customers, while at the same time effectively managing risk. I'll take that one. 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. You made a comment in your prepared remarks around dealer floor plan levels and how it will take longer for balances to return back to historical levels. 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. So there is the 40% expense and we just articulated a 43% branch consolidation. 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. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. delay times for all exchanges).

When you look at your middle market customers, are they sitting on a ton of cash, which might delay their appetite to actually draw on lines. Thanks.

See All HII Interviews Transcripts CY 2023 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. 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. 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. It was clearly one of our most seasoned teams in the bay managing this area. The Huntington logo, Huntington,The Huntington logoHuntington.Welcome. and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. May 5, 2022 09:00 AM ET. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Looking at the 3% to 5% guidance for 2021, it's a bit above 2020. Absolutely. In 2020, we introduced several new innovative products and features that will continue to serve our customers' needs and differentiate Huntington from the competition. Terms of Use. Thank you. The other piece of it is, just continued strength in the oil and gas sector. 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. It is, and as Zach said, particularly on the digital side. And so as we look back we'd see essentially the same ratios year-over-year, albeit this year bit constrained by just inventory.

And so that will drive some incremental net interest margin in the first couple of quarters, but generally, relatively flat over the period. For a replay call, dial (877) 660-6853 or (201) 612-7415; Conference ID #13734972. Our next question comes from the line of Ken Usdin with Jefferies. Yes. We expect the remaining mortgage deferrals will continue to work their way down to a de minimis level over the next quarter. Yeah. Newport News, VA 23607. This call is being recorded and will be available as a rebroadcast starting about one hour from the close of the call. And when we feel that those are aligning and our credit quality continues to hold, which we expect that it will, we'll bring the reserve down. Please proceed with your question. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). Or do you think that we'll see like a reversion to historical inventory levels? PD=Previous Day. And good morning, everyone. Our next question comes from the line of Jon Arfstrom with RBC Capital Markets. Huntington operates an intentionally diversified business models, balanced between commercial and consumer, which provides a good mix of revenue and credit exposure. Our capital markets wealth and investment management, cards and payments and insurance businesses all posted continued growth in the fourth quarter. But generally what we're expecting is a relatively flat trend in our deposits at the Fed for the first half of the year. and technologies that safeguard our seas, sky, land, space and cyber. And that's a benefit to us. So those were the major things. We are investing in customer-centric products, services and digital technology that will drive sustainable growth and our performance, both today and for years to come. The reserves just have to come down.

I'll take that.

Why Huntington Bancshares' Stock Rose Today, Huntington Bancshares (HBAN) Q2 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q1 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q4 2021 Earnings Call Transcript, Why Shares of Huntington Bancshares Are Falling Today, Buying $1,000 of This 5.6%-Yielding Dividend Stock Would Be a Brilliant Move, 2 Magnificent Growth Stocks Down 72% That Are Screaming Buys in April, 1 FAANG Stock to Buy Hand Over Fist in April and 1 to Avoid Like the Plague, 1 Investment Warren Buffett Says Berkshire Hathaway Will Always Own, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. 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. The Huntington National Bank is an Equal Housing Lender and Member FDIC. 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: Thank you. I appreciate it. And again, I think usage has been defined by others, by Amazon and Apple and others. 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. And then finally they do some things extraordinarily well.

We've built a competitive advantage with our consistently superior customer service and our differentiated products and services. I'd now like to turn the conference over to your host, Mr. Mark Muth, Director of Investor Relations. Huntington Investor Relations Huntington Center, HC0935 41 South High Street Columbus, OH 43287 T: 800-576-5007 The -- we've been well served by the in-store branches in the past. Our expectation is to bring the expense run rate to a level that is lower than the growth rate of revenue during the second half of 2021. Got it. We [Indecipherable] each person ask only one question and one related follow-up. But that's kind of where we're running with those. We have a much broader product menu on both the consumer business side. 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. 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. Huntington's senior management will host an earnings conference call on January 21, 2022, at 8:30 a.m. (Eastern Time) . With that, let me now turn it over to Steve. The call, along with slides, may be accessed via a live Internet NEWPORT NEWS, Va., April 06, 2023 (GLOBE NEWSWIRE) -- HII HII will release its first quarter 2023 financial results on Thursday, May 4 and host an earnings Over the last few weeks, open-air shopping center REITs hosted their quarterly earnings calls to discuss Q4 earnings, highlight 2022 overall performance, and issue guidance on expectations for 2023. Sign up today and receive company updates straight to your inbox. QuoteMedia. And they're not widely known or appreciated. Erika, I don't believe the losses are materially delayed in our case. We'll see, so far they are actually holding up fairly solid in the first days of Q1, and we'll see that those are volatile, as you know, but generally, we budgeted fairly conservatively.

Look, I think the margin outlook is to be relatively stable here over the next several quarters. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. These steps and many others have fundamentally transformed the makeup of the Huntington loan portfolios since the last downturn. The V shaped manufacture recovery is fueling regional economic growth, even though many manufacturers continue to face challenges from supply chain disruptions, skilled labor shortages and periodic plant shutdowns related to the virus. Makes sense. Rich, if you don't mind, I'll add to that, Scott. Turning to slide seven. 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. Thank you. Do you expect a mean reversion there, what are you thinking about in terms of growth potential there. We expect to post full-year total revenue growth of approximately 1% to 3% and full-year total expense growth of 3% to 5%. Please proceed with your question. The Huntington National Bank is an Slide three provides an overview of Huntington's strategy to build the leading people first digitally powered bank in the nation. Thanks, Mark. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.

Okay. Terrific. You must click the activation link in order to complete your subscription. And the mix is pretty similar to what we've invested in the past, mainly mortgage-backs. RT=Real-Time, EOD=End of Day, They were fed and earned $30 a month, $25 of which went back to their families. There will -- there is a lot of investment activity that's going on. We managed nearly $6 billion of loans with payments deferrals, ending the year with just $217 million of loans with the remaining deferrals.

Scott Siefers -- Piper Sandler -- Analyst. Read or listen to the conference call.

Credit quality continues to improve, illustrating there are decisive and conservative actions in the second quarter appropriately identifies the highest risk portions of our portfolio, allowing us to proactively work with our customers. The Huntington logo, Huntington,The Huntington logoHuntington.Welcome. and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. 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 You gave some guidance that mortgage banking was going to be challenging, which is the case for all banks. Is this an investment of more people, systems, customer friendly products? 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. A telephone replay will be available approximately two hours after the completion of the call through So apologies for that. What loan areas would you flag from that perspective? But my question is, given this enormous buildup of deposits, right, the whole industry is seeing. 4101 Washington Ave Newport News, VA 23607, 1000 Jerry St. Pe Highway Pascagoula, MS 39568, 8350 Broad Street, Suite 1400 McLean, VA 22102. For many young men, the military-run CCC was their first job. And so, those expectations are, I believe, going to be a reality for our industry and certainly our company and we're going to -- we're going to invest to meet those, if not, I get ahead of them. *Stock Advisor returns as of November 20, 2020, Mark Muth -- Director of Investor Relations. I mean there's a lot to go for, plus the scale change in Michigan will be a one or two in virtually everything in Michigan. Thank you. And as those deferrals are winding down, there's really no lagging credit impact that we saw there. Okay. Huntington Ingalls (HII) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.14 per share. Net income to Huntington Bancshares Inc. (Nasdaq: HBAN) increased by 73% to $2.2 billion as total revenue rose by 21% to $7.3 billion from the then-record $6 billion in 2021. I would also add, our nonperforming asset ratio decreased 5 basis points linked quarter to 69 basis points. Okay.

It feels like the -- this is more a testing of the thesis, but expenses up 3% to 5%, it seems like you are very much looking forward in saying, look, this is a year where we may likely have significant reserve release if the economic outlook pans out. For the year, we grew revenues 3%, loans 6% and core deposits 11%. Steve, you said you plan to lean in and position the company better for an economic recovery. 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. ET HBAN earnings call for Good morning. 15 minutes unless otherwise indicated (view

For example, you would have seen all these manufacturing interrupted by just a chip last week, in terms of production. 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. Market Data copyright 2023 QuoteMedia. Top ranking reflects Huntington's commitment to excellent customer service. As we signaled, we also saw an increase in NPAs from our business banking portfolio. But demand could outstrip supply as it did in '20 and to a certain extent that happened with RV as well. For the fourth quarter, we reported earnings per common share of $0.27.

Like can you give us some sense of what you're investing in here? 2022

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