Huntington Bancshares Inc Q1 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : I just had one follow-up question for Steve. Steve, your starting point of CET1 is 9.5%. You accrete about 20 basis points of capital or more in the quarter. And like you said, your allowance already accounts for a tougher economic environment. I think your shareholders absolutely appreciate the focus on returns. But do you see an opportunity for Huntington to perhaps, as we have a little bit more clarity on the downside to the macro backdrop, to take advantage of that capital and reserve resilience, so to speak, and perhaps start thinking about being more opportunistic in market share taking?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Got it. And just to be clear, Steve, I was asking about organic opportunities. That wasn't a hidden bank acquisition question.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Yes, absolutely. And just as a follow-up to that, Zach, heard you loud and clear in terms of continuing to optimize the right-hand side of your balance sheet. As you think about senior debt issuance, I suspect that everything that you may be doing in the future would have a lend towards the potential for TLAC eligibility.