Huntington Bancshares Incorporated (NASDAQ:HBAN) Q4 2023 Earnings Conference Call January 19, 2024 9:00 AM ET

Company Participants

Tim Sedabres - Vice President & Head of Investor Relations

Stephen Steinour - Chairman, President & Chief Executive Officer

Zach Wasserman - Senior Executive Vice President & Chief Financial Officer

Brendan Lawlor - Deputy Chief Credit Officer

Conference Call Participants

Manan Gosalia - Morgan Stanley

Erika Najarian - UBS

John Pancari - Evercore ISI

Steven Alexopoulos - JPMorgan

Jon Arfstrom - RBC Capital Markets

Ebrahim Poonawala - Bank of America

Operator

Greetings, and welcome to Huntington Bancshares 2023 Fourth Quarter Earnings Review. 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.

I would now like to turn the conference over to Tim Sedabres, Director of Investor Relations. Please go ahead.

Tim Sedabres

Thank you, operator. Welcome, everyone, and good morning. Copies of the slides we'll be reviewing today can be found on 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. Brendan Lawlor, 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.

Stephen Steinour

Thanks, Tim. Good morning, everyone and welcome. Thank you for joining the call today. We're pleased to announce our fourth quarter results, which Zach will detail later. These results are again supported by our colleagues across the bank, who live our purpose every day as 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, we are leveraging our position of strength and executing on our strategic growth initiatives. We are well-positioned to benefit during times like these. We managed our capital levels to enable us to accelerate initiatives during 2023 and support continued growth. We added key specialty verticals in Commercial Banking and expanded into the Carolinas.

Second, we outperformed on both deposits and loans throughout the year. Our colleagues are acquiring new customers and deepening our existing customer relationships. Importantly, we delivered this growth, while effectively managing our deposit beta.