Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 131

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 131
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%       |
| Price / Tangible Book Value per Share |     | 1.60x   |     | 1.50x              |     | 1.49x  |     | 1.36x      |     | 1.66x      |
| Price / 2025 EPS Estimate             |     | 12.8x   |     | 11.6x              |     | 11.2x  |     | 10.8x      |     | 12.7x      |
| Price / 2026 EPS Estimate             |     | 10.5x   |     | 10.3x              |     | 10.2x  |     | 9.4x       |     | 10.9x      |
| Dividend Yield                        |     | 3.0%    |     | 3.3%               |     | 3.3%   |     | 3.1%       |     | 3.9%       |
| LTM Dividend Payout Ratio             |     | 38.9%   |     | 41.6%              |     | 37.3%  |     | 32.8%      |     | 44.4%      |

No company used as a comparison in the above selected companies analysis is identical to Cadence. Accordingly, an analysis of these results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and operating characteristics of the companies involved. Huntington Selected Companies Analysis. Using publicly available information, KBW compared the financial performance, financial condition and market performance of Huntington to six selected major exchange-traded U.S. banks with total assets between $100 billion and $250 billion. Merger targets and Northern Trust Corporation were excluded from the selected companies. The selected companies were as follows (shown in descending order of total assets by column):

| First Citizens BancShares, Inc. |     | M&T Bank Corporation          |
| Citizens Financial Group, Inc.  |     | KeyCorp                       |
| Fifth Third Bancorp             |     | Regions Financial Corporation |

To perform this analysis, KBW used profitability and other financial information for the MRQ or LTM periods available or as of the end of such periods and market price information as of October 24, 2025. KBW also used 2025 and 2026 EPS estimates taken from publicly available consensus “street estimates”