Company: HBAN
Filing Date: 2025-10-28
Form Type: 425
Source: 0001140361-25-039508
Chunk: 7

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 425
Chunk 7
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 regional franchise, accelerates growth across our combined footprint and delivers compelling financial returns for shareholders. We expect the deal to close in the first quarter of 2026, subject to shareholder approval and regulatory approval from the OCC as well as customary closing conditions.

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| spglobal.com/marketintelligence                                                                     |   |

CADENCE BANK M&A CALL OCT 27, 2025

Turning to Slide 11. This combination will unlock very significant scale efficiencies that will increase both earnings power and returns as well as create the capacity to further accelerate investment into the business. We have identified $365 million in pretax cost synergies, representing 30% of Cadence's forecasted 2027 cash noninterest expense. Our teams have mapped out specific actions and time lines, and we have a high confidence in our ability to meet or exceed these estimates. For modeling process, we expect to realize 75% of these synergies in 2026 with full run rate in 2027. This efficiency gain will further bolster our top-tier ROTCE among regional banks. We are raising our medium-term financial target for 2027 ROTCE to 18% to 19%. Turning to Slide 12. We have a proven flywheel for value creation, and the robust growth we are delivering is a clear proof point. It all starts with our differentiated operating model. As Brant just noted, our approach is working, both in our long-standing markets and in our new ones. We are confident we'll be able to drive the same level of success in partnership with Cadence. This differentiated model supports strong underlying customer acquisition and relationship deepening, winning share in our markets and powering accelerating revenue and earnings growth. We have an intentional approach to plow back a portion of those economics into high-return investments with strong and proven ROI. This approach has powerful results. Over the last 5 years, we have grown investments in our business by a remarkable 21% compound annual growth by leveraging our earnings power and consistently driving reengineering of over 1% per year of our underlying operating costs. The growth of investments that I just mentioned is truly remarkable and we believe a major competitive differentiator. We've accomplished this while holding the growth of total noninvestment operating expenses to less than 5% per year, a level far below our revenue growth CAGR of 9.4% over the same time frame. The scale efficiencies