Huntington Bancshares Incorporated (NASDAQ:HBAN) Q3 2023 Earnings Call Transcript October 20, 2023 9:00 AM ET

Company Participants

Tim Sedabres - Vice President & Head of Investor Relations

Steve Steinour - Chairman, President & Chief Executive Officer

Zach Wasserman - Senior Executive Vice President & Chief Financial Officer

Rich Pohle - Executive Vice President & Chief Credit Officer

Brendan Lawlor - Deputy Chief Credit Officer

Conference Call Participants

Manan Gosalia - Morgan Stanley

John Pancari - Evercore ISI

Ebrahim Poonawala - Bank of America

Scott Siefers - Piper Sandler

Matt O'Connor - Deutsche Bank

Ken Usdin - Jefferies

Erika Najarian - UBS

Jon Arfstrom - RBC Capital Markets

Steven Alexopoulos - JPMorgan

Operator

Greetings. Welcome to the Huntington Bancshares Third Quarter Earnings Call. At this time all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

At this time, I would now like to turn the conference over to your host, Tim Sedabres, Director of Investor Relations.

Tim Sedabres

Thank you, operator. Welcome, everyone, and good morning. Copies of the slides we will be reviewing today can be found on the Investor Relations section of our website, www.huntington.com As a reminder, this call is being recorded, and a replay will be available starting about 1 hour from the close of the call. Our presenters today are Steve Steinour, Chairman, President, and CEO; and Zach Wasserman, Chief Financial Officer. Rich Pohle, Chief Credit Officer, and Brendan Lawlor, Deputy Chief Credit Officer will join us for the Q&A.

Earnings documents, which include our forward-looking statements disclaimer and non-GAAP information, are available on the Investor Relations section of our website.

With that, let me now turn it over to Steve.

Steve Steinour

Thanks, Tim. Good morning, everyone, and welcome. Thank you for joining the call today. We're pleased to announce our third quarter results, which Zach will detail later. Our approach to both our colleagues and customers continues to be grounded in our purpose. Our colleagues, again, demonstrated that we make people's lives better, help businesses thrive and strengthen the communities we serve.

Now on to Slide 4. There are five key messages we want to leave you with today. First, Huntington is extraordinarily well positioned to manage through the evolving landscape for banks. The near-term environment includes higher for longer interest rates and uncertain economic outlook, expected new capital regulations, as well as heightened regulatory requirements. Huntington operates in this dynamic period from a position of substantial strength. Our balance sheet and risk profile were intentionally built over more than a decade, explicitly for these times. Our market position, digital leadership, and momentum in core growth strategies put us in the top of the peer set. We intend to lean into this position of strength to drive incremental growth through existing and new capabilities.