Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 83

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 83
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1) | Based on core net income after taxes and before extraordinary items, excluding gain on the sale of available for sale securities, amortization of intangibles, goodwill and nonrecurring items as defined by S&P Global Market Intelligence. |

No company or transaction used as a comparison in the above selected transaction analysis is identical to Veritex or the proposed merger. 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. Relative Contribution Analysis . KBW analyzed the relative standalone contribution of Huntington and Veritex to various pro forma balance sheet and income statement items and the combined market capitalization of the combined entity. This analysis did not include purchase accounting adjustments. To perform this analysis, KBW used (i) balance sheet data for Huntington and Veritex as of March 31, 2025, (ii) publicly available consensus “street estimates” for Huntington and Veritex, and (iii) market price information as of July 11, 2025. The results of KBW’s analysis are set forth in the following table, which also compares the results of KBW’s analysis with the implied pro forma ownership percentages of Huntington stockholders and Veritex shareholders in the combined company based on the 1.95x exchange ratio provided for in the merger agreement:

|                                           |     | Huntington 
 % of Total |     | Veritex    
 % of Total |
| Ownership at 1.95x merger exchange ratio: |     |            |     |            |
| Pro Forma Ownership                       |     | 93.1%      |     | 6.9%       |
| Market Capitalization:                    |     |            |     |            |
| Pre-Deal Market Capitalization            |     | 94.4%      |     | 5.6%       |
| Balance Sheet:                            |     |            |     |            |
| Total Assets                              |     | 94.3%      |     | 5.7%       |

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TABLE OF CONTENTS

|                                 |     | Huntington 
 % of Total |     | Veritex    
 % of Total |
| Gross Loans Held For Investment |     | 93.4%      |     | 6.6%       |
| Total Deposits                  |     | 93.9%      |     | 6.1%       |
| Tangible Common Equity          |     | 91