Company: HBAN
Filing Date: 2025-10-28
Form Type: 425
Source: 0001140361-25-039508
Chunk: 2

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 425
Chunk 2
---
 in a moment. Turning to Slide 6. As we've spoken about many times, our primary focus is on driving organic growth. We have a differentiated model that positions us to win with our customers. That model has also made us a partner of choice for other banks, and we have rigorous criteria for pursuing any inorganic opportunities and Cadence meets all of those criteria. First, this partnership is highly strategic. Over its nearly 150-year history, Cadence has built strong roots in its core markets and a strategic presence in higher growth ones. Like Huntington, Cadence's teams have built generational relationships with customers. And the strength of those relationships has underpinned their consistent performance over time. This approach has resulted in a very attractive franchise position. Cadence holds top deposit share in many of the MSAs where they compete. Together, our combined deposit share will be top 5 in Houston and in Dallas. Cadence also brings expertise in specialty verticals that add to our expanding capabilities and provide access to a broader range of commercial clientele. Our organizations also have strong cultural alignment. Cadence's customer -- Cadence's relationship-driven community-based approach aligns very well with our local delivery model and our people-first culture. And our partnership with Dan Rollins, Cadence's Chairman and CEO, and his leadership team is built on a common vision and common values. Of course, any combination for us has to be financially attractive, and Cadence provides compelling financial benefits. Through the combination, we are increasing our outlook for pro forma 2027 ROTCE by 200 basis points to 18% to 19%, and we expect the deal to be accretive to 2027 EPS by approximately 10%. Zach will provide more detail on the financials in a moment.

| Copyright © 2025 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. | 4 |
| spglobal.com/marketintelligence                                                                     |   |

CADENCE BANK M&A CALL OCT 27, 2025

Before I turn the call over to Brant, let me give you some background on how this combination came together. I met Dan Rollins 2 years ago and connected with him at an event in June. And then he spent the day with our management team early in the month of July to start a more focused dialogue. since then, we've had numerous meetings with various groups of directors and our executive management teams to get to know each other. Our teams have been engaged in very detailed planning