Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 100

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 100
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 be noted that this explanation of the reasoning of the Huntington board of directors and all other information presented in this section is forward-looking in nature and, therefore, should be read in light of the factors discussed in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” beginning on page 31. For the reasons set forth above, the Huntington board of directors unanimously recommends that the holders of Huntington common stock vote “FOR” the Huntington share issuance proposal and “FOR” the other proposals to be considered at the Huntington special meeting. Cadence’s Reasons for the Merger; Recommendation of Cadence’s Board of Directors In reaching its decision to adopt the merger agreement and approve the merger and the other arrangements contemplated by the merger agreement, and to recommend that its shareholders approve the merger agreement and the merger, the Cadence board of directors evaluated the merger agreement, the merger and the other arrangements contemplated by the merger agreement in consultation with Cadence’s management, as well as Cadence’s financial and legal advisors, and considered a number of factors, including the following factors:

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| • | each of Cadence’s and Huntington’s business, operations, financial condition, stock performance, asset quality, earnings and prospects. In reviewing these factors, including the information obtained through due diligence on Huntington, the Cadence board of directors considered that Huntington’s and Cadence’s respective business, operations and risk profile complement each other and that the companies’ separate earnings and prospects, and the synergies and scale potentially available in the proposed transaction, create the opportunity for the combined company to leverage complementary and diversified revenue streams and to have superior future earnings and prospects compared to Cadence’s earnings and prospects on a stand-alone basis; |

| • | the ability to leverage the scale and financial capabilities of the combined company to better manage risk and provide enhanced customer offerings and services across business lines; |

| • | the combined company’s position as one of the largest financial services organizations based in the United States in terms of market capitalization, loans, deposits and net income; |

| • | that the combined company’s expanded distribution channels and scale position it to serve an expanded customer base through a distinctive customer experience while driving enhanced financial performance; |

| • | the ability of the combined company to leverage Huntington’s broader product and services offering, as well as its award-winning digital capabilities, across the expanded combined customer base and the complementary nature of Cadence’s and Huntington’s businesses; |

| • | the fact that, upon the closing, the combined