So People's United yesterday announced that they are exiting their in-store branches, the relationship they have with Stop & Shop. A follow-up question -- Good morning. Thank you. The anticipated forgiveness of the majority of the first round of PPP loans over the next few quarters is expected to provide a near-term boost to net interest income and NIM on a GAAP basis during those periods from the accelerated loan fee recognition.
In that regard, we have many customers that are a very liquid. The consistently high level of execution we're seeing across our businesses, strengthening commercial loan activity and constructive economic outlook are driving our strategy to accelerate investments leaning into the recovery to drive increasing growth over the intermediate term. Huntington's management will host an earnings conference call the same day at 9:00 a.m. We have momentum, the disciplined execution of our strategies coupled with the pending acquisition set us up to capitalize on emerging opportunities to innovate, to gain share and to position the company for growth for years to come, all while continuing to deliver top quartile financial performance. delay times for all exchanges). Working with our customers, we continue to proactively remedy a number of these loans. If we think back to the second quarter and the free fall in GDP, to be able to have substantially reverse that in just a couple of quarters is remarkable, unlike anything we've seen in our history. So again, thank you for your support and interest. COLUMBUS, Ohio, Dec. 21, 2022 /PRNewswire/ --Huntington Bancshares Incorporated (Nasdaq: HBAN) expects to report its 2022 fourth quarter earnings on Friday, January 20, 2023, prior to the market opening. Or do you think that we'll see like a reversion to historical inventory levels? There is a variety of businesses that we'll bring back in fairly quickly as we move forward. For a replay call, dial (877) 660-6853 or (201) 612-7415; Conference ID #13734972. So, you're right, the OEMs will subvent. RT=Real-Time, EOD=End of Day,
Our credit performance overall was solid, net charge-offs represented an annualized 55 basis points of average loans and leases. Got it. It makes sense to me. 1 In Customer Satisfaction In The North Central Region In The J.d. Stephen D. Steinour -- Chairman, President and Chief Executive Officer. If you experience any issues with this process, please contact us for further assistance. We have multiple economic scenarios and a peak second round. We are making good progress on our preparations for integration later this year. This guidance assumes the positive impact from the acceleration of PPP fees in the first half of the year before settling back down in the second half. Sure. But it seems to me that the proactive efforts by both the Federal Reserve and via fiscal -- multiple rounds of fiscal stimulus that substantial losses have been likely avoided as support has been delivered to consumers, and small business and the interest rate levels at historic lows have helped businesses generally. Okay. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. And when you think about the asset growth mix optimization, it's really focus on higher yielding products like small business administration production where we're, as you know, the nation's leading producer. It's approximately 60% technology development, around 20% marketing and around 20% select personal ads that are tied to our strategic growth initiatives. So we're moving market share a bit with the growth that we're achieving through the fourth quarter and projecting and we're optimistic given the pipelines will continue to do that. We [Indecipherable] each person ask only one question and one related follow-up. Total revenue increased 7% versus last year, with 81% of growth balanced between spread revenues and fee income. Our capital markets wealth and investment management, cards and payments and insurance businesses all posted continued growth in the fourth quarter. So we are -- we believe we have a momentum in the business. And those are just a few of the businesses and opportunities, there is a substantial outsourcing as well, both on the capital market side for most products. Visit Huntington.com for more information. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. And so that will drive some incremental net interest margin in the first couple of quarters, but generally, relatively flat over the period. There are other things we will look forward to doing with then. You can see our ACL now represents 2.29% of loans. Our next question comes from the line of John Pancari with Evercore ISI. Power 2023 U.S. Retail Banking Satisfaction Study. Why Huntington Bancshares' Stock Rose Today, Huntington Bancshares (HBAN) Q2 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q1 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q4 2021 Earnings Call Transcript, Why Shares of Huntington Bancshares Are Falling Today, Buying $1,000 of This 5.6%-Yielding Dividend Stock Would Be a Brilliant Move, 2 Magnificent Growth Stocks Down 72% That Are Screaming Buys in April, 1 FAANG Stock to Buy Hand Over Fist in April and 1 to Avoid Like the Plague, 1 Investment Warren Buffett Says Berkshire Hathaway Will Always Own, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. And if you think about how consumers and businesses are being trained via Apple or Amazon in terms of digital usage, availability, ease capacity to accelerate transactional activity. Year end delinquency is better than a year ago. You talked about in your qualitative, you're waiting for stimulus, that's a little bit uncertain. As we go into 2021, one important thing that I also said in my prepared remarks, but I would highlight now is that, we are intending to invest an additional $2 billion, mostly in the first quarter to bring the overall securities portfolio up to $24 billion as a result of just continuing to monitor and watch the excess liquidity levels and optimize the balance sheet. Thank you. By providing your email address below, you are providing consent to Huntington Ingalls Industries to send you the requested Investor Email Alert updates. Hi, good morning. 35 basis point to 55 basis point is quite an accomplishment for the kind of economic downturn we have experience. Looking at the average balance sheet for the full-year '21, we expect average loans to increase between 2% and 4% reflecting modestly higher commercial loans inclusive of PPP and mid single-digit growth in consumer loans. Erika, I don't believe the losses are materially delayed in our case. Thank you for the questions and your interest in Huntington. While a number of variables within the baseline economic scenario has improved as that many of our credit metrics for the quarter, there were still many uncertainties to deal with at December 31. We're not sure exactly where it's going to land, we'll see. The consistency and speed at which we offer, we think we've got a best-in-class capability. In 2020, we introduced several new innovative products and features that will continue to serve our customers' needs and differentiate Huntington from the competition. I hope a peak second round of the virus as of year-end. Rich? Okay. A number of them were in doubt and some of them are still in doubt today as it relates to the amount of stimulus, the COVID assumptions that are built into that. We are one of the few banks that talked about commercial loan growth, and our pipeline year-over-year is better in a COVID environment than it was in a pre-COVID environment. We believe this is very solid performance in light of the low interest rate environment and the economic challenges inflicted by the pandemic, illustrating the underlying earnings power of the bank and the strategies we're executing. Invest better with The Motley Fool. A telephone replay will be available approximately two hours after the completion of the call through Friday, April 28, 2023, at (877) 660-6853 or (201) 612-7415; conference ID #13737064. Mortgage banking salable originations remain historically robust, particularly when taking into account the normal seasonality decline in Q4. But the play here is a revenue-play. They're using their cash, but at some point that will revert to a more traditional level of external financing, bank financing as well. Our next question comes from the line of Jon Arfstrom with RBC Capital Markets.
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With us today are Mike Petters, President and Chief Executive Officer; Chris Kastner, Executive Vice President and Chief Operating Officer; and Tom Stiehle, Executive Vice President and Chief Financial Officer. We've been very impressed with the quality of the teams that we've seen in a variety of the areas in TCF, both business line and technology and some of the support areas, for example. PD=Previous Day. I'm pleased to report our level of criticized loans was reduced by over $340 million or 11% in Q4, which is on top of the $425 million or 12% reduction we saw in the third quarter. Okay. So that's eliminated. 15 minutes unless otherwise indicated (view
[Operator Instructions] Our first question comes from the line of Ken Zerbe with Morgan Stanley. Certainly proud of our colleagues in the 2020 performance in light of the most challenging operating environment I faced in my career. This call is being recorded and will be available as a rebroadcast starting about one hour from the close of the call. Okay. Thanks, Mark. [Technical Issues] sort of slightly related, unrelated question. Our environmental, social, and governance initiatives incorporate our purpose, vision, and values. So apologies for that. On the consumer side, we brought our expertise and indirect auto to our RV/Marine business and reduced our exposure to second lien high LTV home equity. Our next question comes from the line of Ken Usdin with Jefferies.
Stephen D. Steinour -- Chairman, President and Chief Executive Officer. If you experience any issues with this process, please contact us for further assistance. We have multiple economic scenarios and a peak second round. We are making good progress on our preparations for integration later this year. This guidance assumes the positive impact from the acceleration of PPP fees in the first half of the year before settling back down in the second half. Sure. 
But it seems to me that the proactive efforts by both the Federal Reserve and via fiscal -- multiple rounds of fiscal stimulus that substantial losses have been likely avoided as support has been delivered to consumers, and small business and the interest rate levels at historic lows have helped businesses generally. Okay. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. And when you think about the asset growth mix optimization, it's really focus on higher yielding products like small business administration production where we're, as you know, the nation's leading producer. It's approximately 60% technology development, around 20% marketing and around 20% select personal ads that are tied to our strategic growth initiatives. So we're moving market share a bit with the growth that we're achieving through the fourth quarter and projecting and we're optimistic given the pipelines will continue to do that. We [Indecipherable] each person ask only one question and one related follow-up. Total revenue increased 7% versus last year, with 81% of growth balanced between spread revenues and fee income. Our capital markets wealth and investment management, cards and payments and insurance businesses all posted continued growth in the fourth quarter. So we are -- we believe we have a momentum in the business. And those are just a few of the businesses and opportunities, there is a substantial outsourcing as well, both on the capital market side for most products. Visit Huntington.com for more information. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. And so that will drive some incremental net interest margin in the first couple of quarters, but generally, relatively flat over the period. There are other things we will look forward to doing with then. You can see our ACL now represents 2.29% of loans. Our next question comes from the line of John Pancari with Evercore ISI. Power 2023 U.S. Retail Banking Satisfaction Study. Why Huntington Bancshares' Stock Rose Today, Huntington Bancshares (HBAN) Q2 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q1 2022 Earnings Call Transcript, Huntington Bancshares (HBAN) Q4 2021 Earnings Call Transcript, Why Shares of Huntington Bancshares Are Falling Today, Buying $1,000 of This 5.6%-Yielding Dividend Stock Would Be a Brilliant Move, 2 Magnificent Growth Stocks Down 72% That Are Screaming Buys in April, 1 FAANG Stock to Buy Hand Over Fist in April and 1 to Avoid Like the Plague, 1 Investment Warren Buffett Says Berkshire Hathaway Will Always Own, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. And if you think about how consumers and businesses are being trained via Apple or Amazon in terms of digital usage, availability, ease capacity to accelerate transactional activity. Year end delinquency is better than a year ago. You talked about in your qualitative, you're waiting for stimulus, that's a little bit uncertain. As we go into 2021, one important thing that I also said in my prepared remarks, but I would highlight now is that, we are intending to invest an additional $2 billion, mostly in the first quarter to bring the overall securities portfolio up to $24 billion as a result of just continuing to monitor and watch the excess liquidity levels and optimize the balance sheet. Thank you. By providing your email address below, you are providing consent to Huntington Ingalls Industries to send you the requested Investor Email Alert updates. Hi, good morning. 35 basis point to 55 basis point is quite an accomplishment for the kind of economic downturn we have experience. Looking at the average balance sheet for the full-year '21, we expect average loans to increase between 2% and 4% reflecting modestly higher commercial loans inclusive of PPP and mid single-digit growth in consumer loans. Erika, I don't believe the losses are materially delayed in our case. Thank you for the questions and your interest in Huntington. While a number of variables within the baseline economic scenario has improved as that many of our credit metrics for the quarter, there were still many uncertainties to deal with at December 31. We're not sure exactly where it's going to land, we'll see. The consistency and speed at which we offer, we think we've got a best-in-class capability. In 2020, we introduced several new innovative products and features that will continue to serve our customers' needs and differentiate Huntington from the competition. I hope a peak second round of the virus as of year-end. Rich? Okay. A number of them were in doubt and some of them are still in doubt today as it relates to the amount of stimulus, the COVID assumptions that are built into that. We are one of the few banks that talked about commercial loan growth, and our pipeline year-over-year is better in a COVID environment than it was in a pre-COVID environment. We believe this is very solid performance in light of the low interest rate environment and the economic challenges inflicted by the pandemic, illustrating the underlying earnings power of the bank and the strategies we're executing. Invest better with The Motley Fool. A telephone replay will be available approximately two hours after the completion of the call through Friday, April 28, 2023, at (877) 660-6853 or (201) 612-7415; conference ID #13737064. Mortgage banking salable originations remain historically robust, particularly when taking into account the normal seasonality decline in Q4. But the play here is a revenue-play. They're using their cash, but at some point that will revert to a more traditional level of external financing, bank financing as well. Our next question comes from the line of Jon Arfstrom with RBC Capital Markets. 
15 minutes unless otherwise indicated (view
[Operator Instructions] Our first question comes from the line of Ken Zerbe with Morgan Stanley. Certainly proud of our colleagues in the 2020 performance in light of the most challenging operating environment I faced in my career. This call is being recorded and will be available as a rebroadcast starting about one hour from the close of the call. Okay. Thanks, Mark. [Technical Issues] sort of slightly related, unrelated question. Our environmental, social, and governance initiatives incorporate our purpose, vision, and values. So apologies for that. 
On the consumer side, we brought our expertise and indirect auto to our RV/Marine business and reduced our exposure to second lien high LTV home equity. Our next question comes from the line of Ken Usdin with Jefferies.