Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 104

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 104
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 financial strategies that might be available to Huntington, nor does it address the underlying business decision of Huntington to engage in the merger . In connection with rendering its opinion, Evercore, among other things:

| • | reviewed certain publicly available business and financial information relating to Cadence and Huntington that Evercore deemed to be relevant, including publicly available research analysts’ estimates; |

| • | reviewed certain internal projected financial data relating to Cadence and furnished to us by the management of Huntington and certain internal projected financial data relating to Huntington prepared and furnished to us by the management of Huntington, each as approved for Evercore’s use by Huntington (the “Forecasts”), including certain operating synergies prepared by the management of Huntington expected to result from the merger, as approved for Evercore’s use by Huntington (the “Synergies”); |

| • | discussed with the managements of Huntington and Cadence their assessment of the past and current operations of Cadence, the current financial condition and prospects of Cadence and the Forecasts relating to Cadence, and discussed with the management of Huntington their assessment of the past and current operations of Huntington, the current financial condition and prospects of Huntington, and the Forecasts; |

| • | reviewed the reported prices and the historical trading activity of Cadence common stock and Huntington common stock; |

| • | compared the financial performance of Cadence and Huntington and their respective stock market trading multiples with those of certain other publicly traded companies that Evercore deemed relevant; |

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| • | compared the financial performance of Cadence and the valuation multiples relating to the merger with the financial terms, to the extent publicly available, of certain other transactions that Evercore deemed relevant; |

| • | performed such other analyses and examinations and considered such other factors that Evercore deemed appropriate. |

For purposes of Evercore’s analysis and opinion, Evercore assumed and relied upon the accuracy and completeness of the financial and other information publicly available, and all of the information supplied or otherwise made available to, discussed with, or reviewed by Evercore, without any independent verification of such information (and did not assume responsibility or liability for any independent verification of such information), and further relied upon the assurances of the management of Huntington that they were not aware of any facts or circumstances that would make such information inaccurate or misleading. With respect to the Forecasts, including the Synergies, Evercore assumed with the consent of the Huntington board of directors that they were reasonably prepared on bases reflecting the best currently available estimates and good faith