Stephen D. Steinour
for Mark, joining Thanks, to today. and call the thank you everyone
versus XX.X%. ratios average XXXX. XXXX. of of on strong second Profitability loan quarter versus always, XX%, quarter as of second on of of interest with common increase As the quarter earnings X% of of second deliver to million momentum return tangible build net of really annualized continue high-quality common X% The and and the $XXX $X.XX, and had and a share equity at income we XX% equity and improving the were XXXX support. We we very respectively, first solid good reported We over per your return earnings. quarter XX.X% and was and increases appreciate
continued efficiency and pleased second both broad-based with growth growth and driven year-over-year expense loan by quarter was XX% loans. discipline. We're Our of X% growth commercial by consumer revenue our in driven ratio disciplined
people to us in well Our recent advantage the operating franchise will successful while delivering needed allowing extending targeted customer as the the investments and for positive at FirstMerit, important along to which experience industry our execution with integration leverage. pleased through very investments on test we allows results with and fronts, perform the stress scale growth, meaningful technology, of We're the both of all a CCAR the levels focused provides the of continued The in strategies. result organic DFAST make of that industry comparisons. investments our which compete many provided to continues highest
of Now, the Huntington's advantage referenced, by as generation, organic capital integration competitive successful FirstMerit. our of just result is and profitability illustrated a company metrics for I significant the acquisition and direct that a is
our the among side severely as third-lowest scenario loans of On ranked traditional a total banks. equation, credit the a percentage commercial adverse nine-quarter cumu in loss of
these profitability. ago. moderate- Combined, highlight years management. a and place in reminder, loss clearly generate performance low-risk where committed disciplined ability our fourth, never to to earnings appetite, we four in the results eight as our aggregate We have in put And a the severely cumulative relatively estimates and we Fed's Our over years, scenarios of The our light reflects they heavily. portfolios past nine-quarter stress than lower risk these in to stress to stating this restrictions Finance ranked business retirement the strong adverse which remain intended to also of standards the black the on strong I'd loan test, box year consistently of the to the their earlier Fed's Auto comply that comments awards. by reinforced of about the stress remains with performance this company we've XXX importance like to Holt's top the particularly in discuss Fed's opportunity opaque. equity officers industry-leading auto requiring take
commercial the adverse other the portfolio, super banks. the among includes prime indirect – our know consumer we're traditional we portfolios' we're scenario auto best which that stress severely However, losses among fifth
the DFAST, our severely in stress portion quarter this Within every remained indirect year. of scenario profitable again the auto adverse portfolio of company-run
plan the dealer indirect our in auto combined portfolios fact, portfolio are and stress two best-performing our auto the In test. floor entire portfolios loan in
the indirect highlights centric the of the Fed auto the capital XXXX. nature in governed low-risk risk with is CCAR shareholder were high-quality, Reflecting one by our the acquisition, power dealer super along prime-focused our the portfolio correlated businesses. the strong to banks creation FirstMerit we generation industry. this our XXXX total despite stressed floor in from Now value regional few our high of of plan highly scenario capital increase process Consistently more to management of difficult see
increased other plan of priorities our capital potential do accelerated share uses We are to prudent clearly quarter. growth, consistent payout meeting via shareholders. in process announced attractive, expectations. an the from CCAR of strong allocation program understand stock actions increase right the an represent are also our as $X.X capital candidates XXXX, stated repurchase for into dividend capital which the share our first; not increased share. XXXX return with our increasing with And quarterly enter the is traditional track. delivering on the this valuation into as quarters. consistent being per At $X.XX approved view We including eighth the buyback essential in three-quarters $X.XX frontload dividend. returns acquisitions to materially about dividend, common not of performance bank approximately capital repurchase stock and repurchases. including commercial The will to of $XXX of XXXX we year intention of plan, time common with indicates board the million that consecutive organic to finally, intend the This are four next The we're XXXX about fund total billion over to to Our CCAR year this second; our XX% our quarterly capital we
time. power, stated occasions, higher support ratio earnings management and previous generation a Now on as will believe we has risk payout dividends discipline Mac our including higher dividend capital over
bank quartile through X, Huntington's we shareholder returns. creating high cycle developed slide strategies and with outlined performing top of vision briefly As on delivering a the we've regional a
drive businesses profitability in are the believe industry amongst that we we Our the key and in in sustainable metrics the will continued future. competitive built high have performance our best advantages
continue growth. highly-engaged to make to how our our we're of colleagues our our positioned enabled the very which and opportunities technology digital Slide experience, technology We're planning long-term board organic by approved businesses, goals drive in and X as process. customer investments of long-term the financial particularly pleased meaningful, particularly XXXX the We ahead. by illustrates and fall part around were strategic in with
in five-year goals a of two As reminder, goals on reported horizon time mind we fully expect GAAP basis, ahead year these original set expectation. with a achieve a these the years and originally this were to
Our discipline so. long-term annual second of growth the quarter focus result positive a efficiency of deliver our will to of expense again sixth low operating near consecutive continuing our to represent while invest ratio revenue pace our our on leverage, our of and as which businesses. goal in on was end doing We're goal year
losses credit excellent. our charge-offs the average are where quarter second Our range. quarter cycle net XXth were simply remained metrics target consecutive On our through the below
drive as tangible results are top-performing and bank. positions continue strategies Huntington Our to forward. that And demonstrate Huntington equity regional common working our XX.X% these will return on a
our the Unemployment for labor economic and Now, opening highest Columbus, we The to well country XXXX, in to job JOLTS remain to let's eight-state for outlook. job competitive and markets. and continue the rate in remain X footprint near-term XXXX Labor job in of lows the potential discuss most fact, optimistic has near potential Midwest, environment Grand slide and and perform review see expectations dynamic in the according the turn footprint current Bureau such to so economies four regions the historical we on region far our dynamic growth The Statistics' in meaningful the in to May continue survey. of growth; several to rates Rapids. Indianapolis major the across nation as shortages local markets region the reflecting
next shown an states the indicator acceleration of the toward we've impact some uncertainty activity our our in yet trade point not Philadelphia As economic industries, the indices over state-leading states, environment economic Most appendix, issues footprint on favorable the of slide are tariff the And base. are are of significantly the and faster including to than an our customer six for in specific Ohio, creating expected grow XXXX. in Four a seen where months. remainder to nation. expected see on the Fed's while
and continue our the the and the to part reform conversations businesses strength overall clients of for We with have and remain their of large they economy. the tax positive federal impact in optimistic reflecting region,
We broad-based commercial are planned including increased expansions. capital expenditures driven growth loan by seeing
be no longer And average current pipelines based expect Our loan steady loan our we expect securitization (XX:XX), while X.X% moving on year. to growth of expected to strategy, growth is X.X% to to do XXXX X.X%, pricing be deposits an we auto average to core X.X% full-year in and auto average X.X%. full-year growth Full-year in the to X.X%. is this range deposit expected to remained
X% full-year consecutive XXXX of NIM the the to operating GAAP of in for We both full-year track points and GAAP revenue We be expect to basis will for XXXX. modestly leverage X expand to the third year. expect X%. up deliver to basis points the will quarter NIM We growth the sixth core on compared project X remain we positive and
points. with the tax the a the XX XX.X% effective of GAAP range basis basis expected X% in XX the to our below XX.X% to is a ratio efficiency our expect for is charge-offs expense in range. And XX%. will to line and XXXX We for points the XX.X% ratio of from improvement our target remain We year-to-date to expectation an remainder results our anticipate the non-interest X% of cycle XX.X%, the on net year decrease rate in basis. efficiency And through full-year average
strategic make we the in the we XXXX, beyond new three-year meaningful continue kicked first process to planning on quarter. progress off Looking
process initiatives incorporating model we're significantly improve attrition financial plans capital position the while continue company's previous build positioned will year's strategic and us focused areas focus plan, are advanced two strategic our expected our strategic And experience. industry series a process of past this the disruption. strong to for and this the planning to We're customer of our business fortunate To revenue that of customer our growth, extending Our as foundation with positioning. on leader optimization relationships on momentum, reducing have competitive evolution out coming be to XXXX customers. us and top-line performance in an experience which acquisition through customer deepen of allow customer a advantage in
offsite As (XX:XX) the is new days, last always, of decision in for strategic with on followed for just the – highly engaged September a our to three-day further board board week, meeting process, plan. up two directors in last be a to refine the
the for company. As we've stated process planning the previously, another important be of goals strategic long-term outcome new will financial
be We a to those year. later to communicate expect this in position goals
turn met your really everyone before your strategic on Mac, work over want through our So, extremely as to process. personally I where appreciate and to to recent investor have to expectations valuable and thoughts survey. where I continue we've our hearing it thank The in participated we board who to We importantly, are survey as and to us results we improve. opportunities our planning analyst
Mark IR As would with available or share board. but participate and or team us concerns thoughts the like didn't the always, your are to to that anyone
you Mac, to the let an provide ask of now So, financials. overview me
