Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 71

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 71
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 it does not constitute a recommendation to any holder of Veritex common stock or any stockholder of any other entity as to how to vote in connection with the merger or any other matter, nor does it constitute a recommendation regarding whether or not any such shareholder or stockholder should enter into a voting, shareholders’ or affiliates’ agreement with respect to the merger. KBW’s opinion was reviewed and approved by KBW’s Fairness Opinion Committee in conformity with its policies and procedures established under the requirements of Rule 5150 of the Financial Industry Regulatory Authority. In connection with the opinion, KBW reviewed, analyzed and relied upon material bearing upon the financial and operating condition of Veritex and Huntington and bearing upon the merger, including, among other things:

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| • | certain regulatory filings of Veritex and Huntington and their respective subsidiaries, including, as applicable, the quarterly reports on Form FR Y-9C and the quarterly call reports required to be filed (as the case may be) with respect to each quarter during the three (3)-year period ended December 31, 2024 as well as the quarter ended March 31, 2025; |

| • | certain other interim reports and other communications of Veritex and Huntington to their respective shareholders and stockholders; and |

| • | other financial information concerning the businesses and operations of Veritex and Huntington furnished to KBW by Veritex and Huntington or which KBW was otherwise directed to use for purposes of KBW’s analyses. |

KBW’s consideration of financial information and other factors that it deemed appropriate under the circumstances or relevant to its analyses included, among others, the following:

| • | the historical and current financial position and results of operations of Veritex and Huntington; |

| • | the assets and liabilities of Veritex and Huntington; |

| • | the nature and terms of certain other merger transactions and business combinations in the banking industry; |

| • | a comparison of certain financial and stock market information for Veritex and Huntington with similar information for certain other companies, the securities of which are publicly traded; |

| • | publicly available consensus “street estimates” of Veritex, as well as assumed Veritex long-term growth rates provided to KBW by Veritex management, all of which information was discussed with KBW by such management and used and relied upon by KBW at the direction of Veritex management and with the consent of the Veritex board of directors;