Good morning. My name is Ruth and I will be your conference operator today. At this time, I would like to welcome everyone to the Huntington Bancshares Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you. Mark Muth, you may begin your conference.

Thank you, Ruth, and welcome, everyone. I'm Mark Muth, Director of Investor Relations for Huntington. Copies of the slides we will be reviewing can be found on our IR website at www.huntington-ir.com, or by following the Investor Relations link on www.huntington.com. This call is being recorded and will be available as a rebroadcast, starting about an hour from the close of the call. Our presenters today are Steve Steinour, Chairman, President and CEO; and Mac McCullough, Chief Financial Officer. Dan Neumeyer, our Chief Credit Officer, will also be participating in the Q&A portion of the call. As noted on slide two, today's discussion, including the Q&A period, 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 materials filed with the SEC, including our most recent forms 10-K, 10-Q and 8-K filings. Let's get started by turning to slide three and an overview of the financials. Mac?

Thanks, Mark, and thanks to everyone for joining the call today. We appreciate your interest and support. Let me start by acknowledging that the third quarter was a bit noisy, but underneath the noise we are very pleased with the core financial performance. As you know, the FirstMerit acquisition closed on August 16. Under the terms of the acquisition agreement, shareholders of FirstMerit received 1.72 shares of Huntington common stock and $5 in cash for each share of FirstMerit common stock. The aggregate purchase price was $3.7 billion, including $0.8 billion of cash, $2.8 billion of common stock and $0.1 billion of preferred stock. Huntington issued 284 million shares of common stock that had a total fair value of $2.8 billion based on the closing market price of $9.68 per share on August 15 of 2016. We are extremely pleased with the progress we are making in bringing the two companies together as one. We believe the combination strengthens our company by improving efficiency, accelerating our long-term growth rate and driving a higher return profile. We are excited to have the opportunity to introduce our strong recognizable brand, differentiated product set, and industry-leading customer service in new geographies and to new customers. Integration is moving along as expected and our new colleagues are embracing our Fair Play philosophy and welcome culture. Turning to slide three, let's review the financial highlights of our third quarter. Huntington recorded earnings per common share of $0.11, inclusive of $0.11 per share of significant items related to the FirstMerit acquisition, which also impacted the financial metrics I will highlight on this slide. Tangible book value per share decreased 6% from the year-ago quarter to $6.48 per share. Return on tangible common equity was 7% while return on assets was 0.58%. Except where noted, all comparisons…

Thanks, Mac. Normally, at this point in our quarterly discussion, I would provide you with an update on our Optimal Customer Relationship or OCR strategy. However, we've removed those slides from the presentation this quarter, given the recent addition of FirstMerit and our inability to produce similar data for legacy FirstMerit customers. We believe providing OCR data for just legacy Huntington customers will not provide you with the complete picture. Let me assure you, though, that we remain fully committed to our Fair Play philosophy and OCR strategy, which is built upon the simple thesis of putting customers first, looking after their needs, and doing the right thing will result in more substantial, long-term customer relationships. Now, for years, we've focused on customer acquisition and relationship deepening with our Fair Play banking philosophy and our OCR strategy. While this was considered a contrarian approach when we started these actions back in 2009 and 2010, the results paint a picture of resounding success. And I want to stress that we are not just seeking relationship growth but, indeed, are looking to deepen existing relationships. Our OCR strategy is also built upon the fundamental belief that we are here to understand and serve our customers' needs. The Fair Play banking philosophy starts with doing the right thing for our customers with products and services that are simple, clear and fair. We couple that with a customer experience designed to fit their needs, not ours. For us, the strategy has remained consistent since it was put in place in 2010 and it continues to bear fruit. In light of the recent headlines, some of you have asked about our sales and incentive compensation practices and complaint management, particularly with respect to our OCR strategy. The focus of our OCR model is on building,…

Operator, we will now take questions. We ask that as a courtesy to your peers, each person ask only one question and one related follow-up. And then, if that person has additional questions, he or she can add themselves back into the queue. Thank you.

Your first question comes from the line of Scott Siefers. Please state your firm. Your line is open. R. Scott Siefers - Sandler O'Neill & Partners LP: Good morning, guys.

Good morning, Scott.

Hi, Scott. R. Scott Siefers - Sandler O'Neill & Partners LP: Hey. A quick question on the provision. Mac, I appreciate the color on the roughly $10 million or so of provision that might have been kind of unusual related to the move of loans for held-for-sale. But, I was hoping you might be able to give just a little more color on rationale behind such an elevated provision. And kind of whether or not, I guess, (24:13) to exclude the $10 million going forward if something in the $55 million range represents kind of a new customer elevated run rate, that has been the case more recently. So just, I guess, really any color that you can provide, please.

Sure. Scott, this is Dan. So, there's a couple of things going on in the quarter. First, we did have higher charge-offs than what we have been experiencing although still below our long-term expectations. So, replenishing the $40 million of charge-offs was one piece of that. Second, as you've already noted, we had the movement of loans to held-for-sale. We also had the organic originations from FirstMerit post-closing. So, the new loans that are generated have allowance associated with them. And then, we did have a portfolio where we had a positive rate mark that offset the credit mark. So, it's recorded at a premium. So, we have allowance build there. So, I wouldn't say that this is a situation where this is the new normal. I think, this was a bit of an outlier and I think on a go-forward basis, we will have provision expense that is more in line with charge-offs and with an allowance for some growth. I also would note that, in the quarter, charge-offs were up partially due to the fact that we had lower recoveries in the C&I portfolio. That added about $5 million of additional charge-off over what we have been experiencing. So, we had quite a number of factors that would have resulted in the higher provision this quarter.

And, Scott, I think this is where we see the volatility that we've been talking about in terms of charge-offs because of the low levels that we're running at. As Dan mentioned, it's a credit or two on the commercial side without the recoveries to offset that. So, clearly, the volatility is as we expected. And I would say that there's probably about $12 million that Dan mentioned associated with the loans held-for-sale and kind of the date to FirstMerit provision for the portfolios that he mentioned that had higher interest marks.

And, Scott, just one other comment. I think just as you're looking at it go-forward, the asset quality metrics in terms of the criticized, we had a reduction in nonaccruals, et cetera. So, very steady delinquencies. So there's nothing out there that would indicate that we expect a turn here, so, just in terms of you thinking about provisioning going forward. R. Scott Siefers - Sandler O'Neill & Partners LP: Yeah. Okay. That's good color. Thank you guys very much.

Thanks, Scott.

Your next question comes from the line of Bob Ramsey. Please state your firm. Your line is open. Bob H. Ramsey - FBR Capital Markets & Co.: Hey. Good morning, guys. With FBR. I wanted to touch base on net interest margin. Is the 11 basis points some sort of one-time thing from accelerated pay-offs on acquired loans or is this more the level that we'll just gradually amortize lower over time? And then maybe could you sort of tell us what the margin was in the month of September, so we can think about a starting point headed into the fourth quarter?

So, Bob, I would think about that core margin as being 3.04% – 3.06% absent of purchase accounting impact and it's two basis points for the interest recovery that we had in the quarter that added two basis points to it. There probably was about $4 million or $5 million in the quarter related to accelerated accretion for early pay-offs and those types of things. But, I think, thinking about the rest of it from a purchase accounting perspective and thinking about projecting that forward would be the right way to think about it. We are comfortable with the core margin staying above 3% for the remainder of the year. And I think it's also important to note that, on a core basis, FirstMerit was accretive to the core margin simply because of asset mix and the fact that they brought more DDA to the funding mix as well. Bob H. Ramsey - FBR Capital Markets & Co.: Okay. And I guess, given the full quarter impact next quarter, so should we really be thinking about something above the 3.04% on a core basis? And do you know sort of what the core was, I guess, at the end of the quarter as we head into the fourth?

Yeah. I think 3.04% is the right way to think about the core. The purchase accounting piece is a bit difficult because of what could happen from an accelerated accretion perspective, but I think you're pretty safe thinking about that core of 3.04%. Bob H. Ramsey - FBR Capital Markets & Co.: Okay. Great. Thank you.

Thanks, Bob.

Your next question comes from the line of Steven Alexopoulos. Your line is open. Please state your firm.

JPMorgan. Hey. Good morning, everybody.

Hey, Steven.

I wanted to first follow-up on Steve's comments regarding the customer acquisition and cross-sell strategies being under review. Do you guys currently use sales orders in the incentive comp calculation for branches, frontline folks? And do you think you'll need to more broadly change the incentive systems?

We don't anticipate any meaningful change in incentive systems. There are certain things that we measure top of the house that are not pushed down at the account level, so – or at the officer level. So, that would include – we focus our branches and officers on revenue, not product-specific or product required sales, Steven. So, we don't anticipate any meaningful change on the incentive plans from where we are now. And I do think we'll put more sort of oversight and analysis in, but we've already been doing a fair amount of that.

Okay. That's helpful. And then, maybe a follow-up. A lot of moving pieces to the loan balances in the quarter. Can you give us a sense of what organic loan growth looked like in the quarter if we just think about Huntington on its own, maybe adjusting out some of the movements in the held-for-sale?

Yes. So, Steven, it'd be about 8% year-over-year, and it would be the categories that we've talked about previously that were driving the growth. It's indirect auto, its equipment financing, at least, on the Huntington side. I think we continue to see good pipelines on the commercial side of the business. And, I think, resi probably had some growth in the quarter as well. So, those were the categories that have been good for us this year. And the 8% is not out of balance, maybe a little bit higher than where we've been so far quarter-by-quarter this year.

Pipelines look strong at this point as we go into the fourth quarter in those categories, Steven, as well.

Okay. Perfect. Thanks for the color.

Thank you.

Your next question comes from the line of Ken Usdin. Please state your firm. Your line is open.

Thanks. Good morning. Ken from Jefferies.

Hi, Ken.

Mac, I was wondering if you could walk us a little bit through the landing point for the balance sheet, meaning that it looks like you've got a whole bunch of pending and future loan sales. You got the divestitures. You've got core growth going on. And so, where do you see kind of pro forma ending up maybe as a fourth quarter start point, just so we can understand once you've moved through some of this additional clean-up underneath as a base.

Yeah. Let's see if there might be a page we can direct you to in the deck. I mean, if you take a look at page 30 of the slide deck, might be the best place to look. It's September 30 balance sheet. It's on the asset side. And you can see that total commercial loans sort of about $35 billion at a spot basis, consumer about $31.4 billion and total loans and leases are about $66 billion.

Right. So, with the pending sales, though, does that – that's in the loans or in – already moved to the held-for-sale, right? So, period-end, we should think about that whole loans for-sale bucket going away and then you use the what's left kind of as the new base for loans?

Exactly. So, you can see loans held-for-sale about four or five lines down there at $3.4 billion.

Yes.

So, those were already taken out.

Yes. Okay.

So, those are actually – yes. Go ahead.

No. That's fine. Then, just in terms of just your – the rest of liquidity and any changes to your funding mix going forward? What do you – do you anticipate continuing to build the securities book or is that now on a pro forma basis also in the right zone?

The securities book will go up a bit from here, because we are going to replace the auto loans with zero weighted risk-weighted assets. So, think about maybe another $2 billion or so in securities. So, that will come on, some others have already come on, some will come on in the fourth quarter as well.

Okay.

From a funding perspective, for the other loans that we're going to sell, we're going to pay down funding sources.

Well, I wouldn't see any material change in the way we're going to fund the balance sheet.

Okay. Thank you guys.

Ken, some of the puts and takes on the restructuring are on slide seven, the optimization.

Is that good, Ken? Did we gave you what you need?

Yeah. I think so. Yeah. Thank you.

Your next question comes from the line of Ken Zerbe. Your line is open. Ken Zerbe - Morgan Stanley & Co. LLC: Great. Thanks. Morning.

Hi, Ken. Ken Zerbe - Morgan Stanley & Co. LLC: Just have a question on the auto side. Obviously, you reduced the concentration limits. You guys want to hold. You want to do more securitizations. How much of that relates to the environment that we're in for auto? Like are you seeing any deterioration in the broader industry auto credit that's leaving you to get more conservative? Thanks.

Hey, Ken, this is Dan. We've commented on the past that we observe what's going on in the marketplace, but it really doesn't impact our business model or our performance. So we have not changed our view on the auto portfolio at all. And as we referenced in the slides, we continue to show our history of performance in originations. Haven't moved off that. We don't have a change in our go-forward view of what we believe we're going to experience. So, while there may be activities going out in the market that are of concern, because of our prime, super-prime focus, because of our strong origination scores, absence of risk layering, we have not changed our view at all with regard to the quality of the portfolio. Ken Zerbe - Morgan Stanley & Co. LLC: Got it. Okay. No, that helps. And then, just to be clear on the comment you guys made, if I understood the prepared remarks correctly, I thought I heard you said that you're reducing the limit to the $150 million because sort of "you can't originate enough to get you up to $175 million." Did I – I just want to make sure I fully understand the rationale of why your limits are going down. Thanks.

So, yes. So, the $175 million was put in place before we had an agreement with FirstMerit. So, it was put in place on a smaller capital base and we define capital as Tier 1 capital plus the allowance. So, there really wasn't an ability for us to get to the $175 million. We're not going to be a national player in auto. We like the geography that we're in. We like the business model that we have in place. We're not going to change the underwriting or the risk profile. And, quite frankly, as we bring on FirstMerit, we have other opportunities to invest capital at higher returns. So that's primarily why we did it. We've always been at $150 million historically, and we just feel that operating at $125 million gives us flexibility to perhaps go over $125 million from a timing perspective, if we're getting the securitization done. And if we don't like the market conditions, we can hold this above $125 million until we like the market conditions. So, that's the way we're thinking about it. Ken Zerbe - Morgan Stanley & Co. LLC: All right. Great. Thank you.

There are no further questions at this time.

Okay. The third quarter was highlighted by the closing of FirstMerit acquisition and our continued strong financial performance. With sound fundamentals in place, we're well-positioned for solid performance in the coming quarters. And our strategies are working. Our execution remains focused and strong. We expect to continue to gain market share and improve share of wallet. The addition of FirstMerit's solid balance sheet, strong credit performance, valuable customer base and dynamic new markets provide opportunity to further augment or accelerate the achievement of our long-term financial goals. Finally, I want to close by reiterating that our board and this management team are all long-term shareholders. Our top priority is integrating FirstMerit and growing our core business while managing risks, reducing volatility and driving solid, consistent long-term performance. So, thank you for your interest in Huntington. We appreciate you joining us today and have a great day.

This concludes today's conference call. You may now disconnect.