Huntington Bancshares Incorporated (HBAN) Q3 2022 Earnings Call Transcript

Huntington Bancshares Incorporated (NASDAQ:HBAN) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET

Company Participants

Tim Sedabres - Director, Investor Relations

Steve Steinour - Chairman, President & Chief Executive Officer

Zach Wasserman - Chief Financial Officer

Rich Pohle - Chief Credit Officer

Conference Call Participants

Betsy Graseck - Morgan Stanley

Scott Siefers - Piper Sandler

Steven Alexopoulos - JPMorgan

Ken Usdin - Jefferies

Jon Arfstrom - RBC

Matt O'Connor - Deutsche Bank

Erika Najarian - UBS

Operator

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

I'd 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 referencing 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 one 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, will join us for the Q&A.

As noted on Slide 2, today's discussion, including the Q&A portion, will contain forward-looking statements. Such statements are based on information and assumptions available at this time and are subject to changes, risks and uncertainties, which may cause actual results to differ materially. We assume no obligation to update such statements. 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.

Let me now turn it over to Steve.

Steve Steinour

Thanks, Tim. Good morning, and welcome. Thank you for joining the call today. We are extremely pleased to announce our third quarter results, which reflected adjusted net income of $575 million and represented another quarter of record earnings for the company. We continue to execute on our plan for 2022 and the business is performing very well despite macroeconomic uncertainties.

We are seeing sustained demand from customers across the footprint, which is reflected in the robust pipelines and our growth trends. We are closely monitoring economic developments and continue to believe we are operating from a position of strength as we head into the fourth quarter and 2023.