Financial Data and Key Metrics Changes - The company reported adjusted operating income of $174 million for the second quarter, with adjusted earnings per diluted share at $1.15, down from $1.27 in the same period last year [15] - Adjusted return on equity was over 13% [6] - Insurance in force increased by 1% year over year to $270 billion, with new insurance written exceeding $13 billion [6][17] - Total net premiums earned were $245 million, flat sequentially but up modestly year over year [17] Business Line Data and Key Metrics Changes - New insurance written was $13 billion, up 35% sequentially but down 3% year over year, primarily due to mortgage origination seasonality [16] - Persistency was 82%, down two points sequentially and one point year over year [16] - The base premium rate was 39.8 basis points, down 0.3 basis points sequentially [17] Market Data and Key Metrics Changes - Approximately 7% of the insurance in force had mortgage rates at least 50 basis points above June's average mortgage rate of 6.8% [9] - The risk-weighted average FICO score of the portfolio was 746, with a risk-weighted average loan-to-value ratio of 93% [9] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet, investing in business growth, and returning excess capital to shareholders, with expected capital returns for 2025 increased to approximately $400 million [5][12][22] - The company is actively engaged with lending partners and regulatory bodies to adapt to any changes in the housing finance system [13][61] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term health of the US housing market despite uncertainties related to trade policy and affordability challenges [8][24] - The company continues to navigate a complex macroeconomic environment from a position of strength, supported by robust new insurance written and excellent credit quality [13][24] Other Important Information - The company reported a reserve release of $48 million, resulting in a loss ratio of 10% for the quarter [11][20] - Operating expenses remained flat year over year, with a disciplined approach to expense management [11] Q&A Session Summary Question: Discussion on seasoning of recent origination vintages and regional home price weakness - Management noted strong credit performance and resilience in the economy, with some regional markets experiencing inventory increases leading to softness, but overall performance remains robust [29][31][33] Question: Addressable market and new insurance written trends - Management indicated that the MI market size for 2025 is expected to be similar to 2024, with high mortgage rates suppressing purchase origination [40][41] Question: Delinquency outlook and housing credit changes - Management confirmed that consumer credit fundamentals remain strong, with no significant impact from regional home price declines on borrower performance [51][52][56] Question: Update on regulatory changes impacting the business - Management emphasized ongoing engagement with regulatory bodies and strong relationships with GSEs to support well-qualified consumers [61][62] Question: Default to claim levels relative to current performance trends - Management stated that the 9% claim rate on new delinquencies is a prudent measure, with actual performance better than this rate due to strong economic conditions [68][69]

Financial Data and Key Metrics Changes - The company reported adjusted operating income of $174 million for Q2 2025, with adjusted earnings per diluted share at $1.15, down from $1.27 in the same period last year [14] - Adjusted return on equity was over 13% [6] - Insurance in force increased by 1% year over year to $270 billion, with new insurance written exceeding $13 billion [6][15] - Total net premiums earned were $245 million, flat sequentially and up modestly year over year [16] Business Line Data and Key Metrics Changes - New insurance written was $13 billion, up 35% sequentially but down 3% year over year, primarily due to seasonal mortgage origination trends [15] - Persistency rate was 82%, down two points sequentially and one point year over year [15] - The base premium rate was 39.8 basis points, down 0.3 basis points sequentially [16] Market Data and Key Metrics Changes - Approximately 7% of the insurance in force had mortgage rates at least 50 basis points above the average mortgage rate of 6.8% in June [8] - The risk-weighted average FICO score of the portfolio was 746, with a risk-weighted average loan-to-value ratio of 93% [8] Company Strategy and Development Direction - The company is increasing its expected capital returns for 2025 to approximately $400 million, reflecting strong performance and a commitment to shareholder value [5][22] - The company is focused on maintaining a strong balance sheet, investing in business growth, and returning excess capital to shareholders [10][22] - The company continues to engage with lending partners and regulatory bodies to adapt to any changes in the housing finance system [12][57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term health of the US housing market despite current uncertainties, including trade policy and affordability challenges [7][12] - The company noted strong demographic trends supporting first-time homebuyers, which is expected to bolster future performance [7] - Management highlighted the importance of prudent underwriting standards and effective loss mitigation efforts in maintaining strong credit performance [9][10] Other Important Information - The company reported a reserve release of $48 million, resulting in a loss ratio of 10% for the quarter [10][20] - Operating expenses were flat year over year, reflecting disciplined expense management despite inflationary pressures [10] Q&A Session Summary Question: Discussion on seasoning of recent origination vintages and regional home price weakness - Management noted strong credit performance and resilience in the economy, with embedded home price appreciation supporting performance [29][30] Question: Addressable market and new insurance written trends - Management indicated that the MI market size for 2025 is expected to be similar to 2024, with mortgage rates impacting consumer affordability [39][40] Question: Delinquency outlook and housing credit changes - Management confirmed that consumer credit fundamentals remain strong, with no significant stress observed in borrowers despite regional home price declines [48][49] Question: Update on regulatory changes impacting the business - Management emphasized active engagement with regulatory bodies and strong relationships with GSEs to support well-qualified consumers [57][58]

Financial Data and Key Metrics Changes - The company reported a net income of $10.1 million and diluted earnings per share of $1.30, representing a 20% year-over-year improvement [4][5] - Quarterly revenue reached a record level of $157 million, up 10% year-over-year [18] - Total originations were at a record high of $510 million, reflecting a 20% year-over-year increase [16][18] - The annualized operating expense ratio improved to 13.2%, a 60 basis point improvement year-over-year [21] Business Line Data and Key Metrics Changes - Net receivables grew by $70 million sequentially, with a year-over-year increase of 10.5% [6] - The auto secured loan portfolio grew by $66 million or 37% year-over-year, now representing 13% of the total portfolio [10] - Loans with APRs above 36% increased by $50 million or 16% year-over-year, now making up 18% of the total portfolio [10] Market Data and Key Metrics Changes - The thirty-day delinquency rate improved to 6.6%, a 50 basis point improvement sequentially and 30 basis points year-over-year [6][19] - The net credit loss rate was 11.9%, improving by 50 basis points sequentially and 80 basis points year-over-year [6][19] Company Strategy and Development Direction - The company plans to continue opening new branches, with 17 branches opened since September of the previous year and an expectation to open another 5 to 10 branches in the next six months [9] - The company is executing a barbell strategy focusing on growth in high-quality auto secured and high-margin small loan portfolios [9] - Investments in technology and advanced analytics are expected to enhance operational efficiency and customer experience [12][93] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of consumers in their target segment, which has allowed for responsible portfolio growth and improved credit performance [5][14] - For 2025, the company forecasts full-year net income between $42 million and $45 million, with potential for faster growth in the second half of the year [14][26] - Management noted that economic conditions, including wage growth and job availability, are favorable for their customer base [17][45] Other Important Information - The company returned $17.6 million in capital to shareholders through stock repurchases and dividends [8] - The allowance for credit losses increased by $3.7 million to support portfolio growth, with a reserve rate of 10.3% expected to remain steady [20] Q&A Session Summary Question: What are the most significant growth opportunities? - Management highlighted various growth levers, including geographic expansion, new branches, and digital underwriting, with a focus on optimizing returns based on market conditions [29][31] Question: Is the flat allowance rate an indication of normalization? - Management explained that the allowance rate is based on portfolio mix and macro conditions, and they will continue to evaluate it quarterly [36][39] Question: How should yields be expected to change? - Management indicated that pricing will be competitive and will adjust based on market conditions, with a focus on maintaining profitability [48][50] Question: What drove the increase in digital originations? - The increase was attributed to improved productivity in branches and successful partnerships with affiliates, which are expected to be sustainable [89][90] Question: What factors are leading to the guidance for Q3? - The guidance reflects expectations for continued top-line growth, expense discipline, and improvements in net credit losses [94][96]

Financial Data and Key Metrics Changes - The company completed a new credit agreement increasing commitments to $640 million, allowing for stock repurchases of up to 100% of net income, an increase from 50% in the prior agreement [3] - The net income since January 1, 2025, is approximately $45 million [3] - The company has been repurchasing high yield notes issued in 2021, with around $170 million outstanding to be redeemed by August [4] - The first quarter is historically the lowest for earnings, contributing an average of only 5.6% to total annual net income over the past three years [5] Business Line Data and Key Metrics Changes - Refinance volume increased by 10% this quarter compared to the first quarter last year [5] - New originations increased by 12.6% year over year, marking the highest volume since fiscal year 2020 [6] - The dollar amount lent in new originations rose by 12.8% year over year [6] - The customer base increased by 4% this quarter, marking the first positive growth in three years [6] Market Data and Key Metrics Changes - The company began the year with a ledger down approximately 4% year over year, but grew around $40 million this quarter, ending down about 80 basis points [7] - Gross yields increased by over 230 basis points year over year [8] Company Strategy and Development Direction - The company aims to align yield with risk through the new Royal Finance Smile credit card, focusing on serving customers with minimal access to affordable credit [9] - The strategy includes maintaining a balance between new and returning customers, with no plans for dramatic growth in the portfolio [16] Management's Comments on Operating Environment and Future Outlook - Management noted that there has not been an increase in risk from newer customers, indicating tight underwriting practices [18] - The company is not looking for double-digit growth in the portfolio and aims to maintain a stable mix of new and returning customers [17] Other Important Information - The company is in the process of redeeming remaining bonds issued in 2021, which will allow for accelerated stock repurchases [4] - The company has a strong focus on improving customer retention and managing credit risk [16] Q&A Session Summary Question: What is driving the improvement in delinquencies this quarter? - Management indicated that the proportion of new customers in the portfolio has decreased, reducing overall risk [13] Question: What is the current strategy regarding smaller loans and higher yields? - Management expressed satisfaction with the current mix and does not expect dramatic increases in investments into new customers [14][16] Question: Have there been any changes in consumer behavior since the last update? - Management reported no significant increase in risk from newer customers, maintaining tight underwriting standards [18]

Financial Performance & Growth - Huntington National Bank is delivering on organic growth strategies with a diversified customer base[8] - The bank is driving robust profit growth through expanded net interest margin, higher fee revenues, and efficient expense management[8] - The company has a cumulative growth rate of average loans and average deposits[11] - The bank's earnings growth supports capital priorities[29] - The company has a +13% Year-over-Year adjusted CET1 Ratio[32] Asset Quality & Risk Management - The bank is achieving strong credit performance through disciplined client selection and rigorous portfolio management[8] - The bank has a top-tier asset quality and reserve profile[17] - Consumer loans account for 43% of total loans, while commercial loans account for 57%[17, 18] Strategic Initiatives - The company is driving growth via share gains and executional outperformance[26] - The bank is building on a position of strength with national expertise[25] - The management focus is on driving value through accelerated Tangible Book Value (TBV) accretion and expanding long-term returns[37]

Financial Data and Key Metrics Changes - The company reported a net income of $9.8 million for Q1 2025, a $36 million improvement year over year, resulting in a return on equity (ROE) of 11% [7] - Adjusted net income increased to $19 million, reflecting a $15 million year-over-year increase, with adjusted EBITDA reaching $34 million, a $32 million increase [7][19] - Total revenue for Q1 was $236 million, down $15 million or 6% year over year, primarily due to the absence of $11 million in credit card revenue from the previous year [16][17] Business Line Data and Key Metrics Changes - Originations for Q1 were $469 million, up 39% year over year, with secured personal loans accounting for 19% of this growth [9][16] - The secured personal loans portfolio grew by 59% year over year to $178 million, representing 7% of the company's total portfolio [12] - Operating expenses were reported at $93 million, down 15% year over year, while marketing expenditures increased by $4 million or 24% [11][18] Market Data and Key Metrics Changes - The annualized net charge-off rate was 12.2%, at the low end of guidance, with a 56 basis point year-over-year decline in the thirty-plus day delinquency rate to 4.7% [8][21] - The company expects a further decline in the thirty-plus day delinquency rate to 4.5% in April [9] - The company anticipates a year-over-year growth in originations in the 10% range for Q2, supported by continued outperformance in secured personal loans [10] Company Strategy and Development Direction - The company is focused on three strategic priorities: improving credit outcomes, strengthening business economics, and identifying high-quality originations [11][12] - The company aims to maintain a GAAP ROE in the range of 20% to 28% over the long term, with adjusted ROE for Q1 at 21% [12][25] - The company is adjusting its underwriting models to better align with current economic conditions, including inflation and unemployment [13][67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to remain profitable on a GAAP basis for the full year 2025, despite macroeconomic uncertainties [7][27] - The company is taking a cautious approach to originations growth, moderating its full-year outlook to approximately 10% due to current economic conditions [10][52] - Management emphasized the importance of monitoring key economic indicators and adjusting strategies accordingly [13][27] Other Important Information - The company has reduced its debt-to-equity ratio from 7.9 times to 7.6 times quarter over quarter, supported by GAAP profitability and strong operating cash flow [22] - The company has raised approximately $3 billion in diversified financings since June 2023, maintaining strong access to capital markets [23] - The board has decided to reduce its size for improved efficiency and to reflect shareholder feedback [56] Q&A Session Summary Question: Update on online or digital loan application activity versus in-branch - Management noted a small shift of about two points from physical to online applications, indicating stable overall performance [30][32] Question: Strategy for growing secured loans - The secured personal loans book grew 59% year over year, with a focus on presenting both secured and unsecured products to customers [33][34] Question: Comments on competition in the current macro environment - Management believes the competitive environment remains constructive, with rational pricing among competitors [35][36] Question: Impact of app features on customer acquisition costs - Customer acquisition costs remained stable year over year, with a focus on driving awareness of both secured and unsecured products [41][42] Question: Observations on repayment patterns since phasing out physical checks - No unexpected shifts were noted in repayment patterns, with delinquencies showing a downward trend [44][45] Question: Shift towards returning borrowers for originations - Management is pleased with the growth of returning borrowers, which typically have lower acquisition costs and loss levels [46][48] Question: Macro outlook and its impact on originations guidance - The decision to taper originations growth is based on a cautious approach to the uncertain macroeconomic environment [52][53] Question: Operating expense outlook and potential factors for underperformance - Management is focused on maintaining discipline in operating expenses, with some marketing dollars pushed to the second half of the year [54][55] Question: Decision to shrink the size of the Board - The Board's decision to reduce its size was based on efficiency and shareholder feedback [56]

Financial Data and Key Metrics Changes - The company reported record high total revenue of $108 million for Q1 2025, representing a year-over-year growth of 47% [18] - Adjusted EBITDA reached $44.2 million, more than tripling from $13.2 million in Q1 of the previous year, driven by revenue growth and variable margin expansion [25][29] - Non-GAAP variable profit grew 67% year over year to $83.4 million, with variable margin reaching 77%, up nearly 950 basis points year over year [19] Business Line Data and Key Metrics Changes - Monthly transacting members (MTMs) grew 15% year over year to 12.4 million, with a record 2.5 million MTMs engaging in transactions [8][10] - Average revenue per user (ARPU) expanded by 29% year over year, marking the seventh consecutive quarter of double-digit ARPU growth [15][29] - Extra Cash originations exceeded $1.5 billion, representing a 46% year-over-year increase [10] Market Data and Key Metrics Changes - The company transitioned to a new fee structure for Extra Cash, resulting in approximately 60% of total originations being under the new model in Q1 [6][7] - The average size of an Extra Cash origination increased by 21% year over year to $192, with March seeing an average size of over $200 [10][15] Company Strategy and Development Direction - The company focuses on three strategic growth pillars: efficient member acquisition, enhanced member engagement through Extra Cash, and deepening relationships via the Dave Card [7] - A strategic partnership with Coastal Community Bank is expected to enhance product offerings and compliance capabilities, with onboarding of new customers planned for early Q3 [16] - The company is committed to disciplined investments in product development and data capabilities throughout the year [24][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage credit risk through its Cash AI underwriting engine, which allows for real-time credit risk evaluation [12][22] - The company raised its full-year 2025 guidance for revenue to a range of $460 million to $475 million, reflecting a year-over-year growth of 33% to 37% [28] - Management remains optimistic about the demand for products and the potential for further ARPU expansion due to the full rollout of the new fee structure [74] Other Important Information - The company reported a GAAP net income decline to $28.8 million from $34.2 million in Q1 of the previous year, primarily due to a non-recurring gain from a convertible note repurchase [24] - The company has approximately $89.7 million in cash and cash equivalents as of the quarter-end, with a share repurchase program authorized for $50 million [26][27] Q&A Session Summary Question: Update on Extra Cash market share and average advances - Management indicated that the total addressable market for Extra Cash remains large, with 150 million potential users in the U.S. [33] - The increase in advance sizes is expected to provide more flexibility for members without reducing the number of advances taken [34] Question: Correlation between new pricing structure and credit performance - Management reported no adverse effects from the new pricing structure, with credit performance hitting an all-time low and positive customer adaptation [42][43] Question: Guidance on ARPU and MTM growth - Management expects continued growth in MTMs and ARPU, driven by the new pricing structure and optimization of credit offers [46] Question: Customer re-engagement and average origination sizes - Management noted that repeat customers account for 97-98% of dollar value originations, with improvements in credit offerings contributing to larger average origination sizes [85] Question: Increased expenditures for product development - Management confirmed plans for disciplined investments in product development and marketing spend throughout the year [86]

Exhibit 99.3 1Q25 Financial Results April 23, 2025 2 1Q25 Highlights 3 • 1Q25 net income of $1.1Bn; diluted EPS of $4.25, and return on equity of 24% • Financial performance remains solid ◦ Revenue growth from margin expansion ◦ Good credit performance highlighted by a reserve release and lower net charge-offs ◦ Strong capital position; CET1 ratio of 14.7% • Prudently managing our business ◦ Customer trends are stable ◦ Monitoring economic developments • Secured all necessary approvals for our pending merge ...

Financial Data and Key Metrics Changes - Revenues for Q4 2024 were $105.3 million, a 5% increase from $100.6 million in Q3 2024 and a 14% increase from $92 million in Q4 2023 [8] - For the year, total revenues reached $393.5 million, a 12% increase from $352 million in 2023 [8] - Net income for Q4 2024 was $5.1 million, down from $7.2 million in Q4 2023, while annual net income was $19.2 million compared to $45.3 million in 2023 [13][14] - Total debt increased to $3.131 billion, a 22% rise from $2.566 billion at the end of 2023 [15] - Shareholders' equity reached $293 million, a 7% increase from $275 million at the end of 2023 [16] Business Line Data and Key Metrics Changes - Loan originations for Q4 2024 were $458 million, a 52% increase from $302 million in Q4 2023, and for the year, originations totaled $1.68 billion, a 24% increase from $1.36 billion in 2023 [9][19] - The fair value portfolio increased to $3.5 billion, yielding 11.3% net of losses [10] - Core operating expenses as a percentage of the managed portfolio decreased to 5.4% in Q4 2024 from 5.9% in Q4 2023 [17] Market Data and Key Metrics Changes - The average FICO score for the portfolio was 571, with an average amount financed of $22,300 per deal [28] - The annual net charge-offs for Q4 2024 were 8.02% of the average portfolio, compared to 7.74% in Q4 2023 [29] - Delinquency greater than 30 days was 14.85% of the total portfolio, slightly up from 14.55% at the end of 2023 [30] Company Strategy and Development Direction - The company is focusing on cautious growth while improving credit performance and preparing for aggressive growth in 2025 [4][6] - Plans include hiring additional sales representatives and expanding into new territories to increase market share [22] - The company aims to tighten its credit model while still pursuing growth opportunities in better-performing geographic areas [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic environment, citing a favorable unemployment rate projected to remain low [38][47] - The company anticipates that the performance of 2024 vintages will improve as they flow through the portfolio, with expectations to move past the weaker 2022 vintages by the end of 2025 [43][46] - Management highlighted the importance of technology advancements, including AI-driven fraud detection, to enhance operational efficiency and credit performance [39][41] Other Important Information - The company reported a significant reduction in loan provision adjustments from $22.3 million in 2023 to $5.3 million in 2024 [11] - The company has implemented measures to improve funding times, reducing them to less than two days, which enhances dealer relationships [27] Q&A Session Summary Question: What are the expectations for growth in 2025? - Management indicated that they are gearing up for a strong growth year in 2025, with a focus on improving credit performance and expanding market share [43][46] Question: How is the company addressing credit performance issues? - Management noted that they are tightening their credit model while still pursuing growth, expecting improvements as newer vintages perform better [32][43] Question: What technological advancements are being implemented? - The company is utilizing AI-driven fraud scores to enhance operational efficiency and plans to implement a new AI voice bot to improve collections [39][41]