Company: HBAN
Filing Date: 2025-07-14
Form Type: 425
Source: 0001140361-25-025734
Chunk: 9

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-14
Form: 425
Chunk 9
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positioning and Notable Items that decreased earnings by $3 million. |

| • | Net interest income of $1.5 billion, an increase of $41 million or 3%, from the prior quarter and $155 million or 12%, from the year-ago quarter. |

| • | Average loans and leases of $133.2 billion, an increase of $2.3 billion, or 2% from the prior quarter and $9.8 billion, or 8% from the year-ago quarter. |

| • | Average deposits of $163.4 billion, an increase of $1.8 billion, or 1% from the prior quarter and $9.9 billion, or 6% from the year-ago quarter. |

| • | Net charge-offs of 0.20% of average total loans and leases for the quarter, 6 basis points lower than the prior quarter. |

| • | Allowance for credit losses (ACL) of $2.5 billion, or 1.86% of total loans and leases, at quarter end, an increase of $37 million from the prior quarter. |

| • | Tangible book value per share of $9.13, up $0.33, or 4%, from the prior quarter and $1.24, or 16%, from a year ago. |

Advisors Evercore and Commerce Street Capital, LLC are serving as financial advisors to Huntington. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Huntington. Keefe, Bruyette & Woods, a Stifel Company,is serving as financial advisor to Veritex. Simpson Thacher & Bartlett LLP is serving as legal advisor to Veritex.

Teleconference/ Webcast Information Huntington’s senior management will host a conference call to discuss the acquisition on Monday, July 14, 2025 at 8:30 a.m. Eastern Time, to discuss the strategic and financial implications of the transaction. The call, along with slides, may be accessed via a live Internet webcast at the Investor Relations section of Huntington’s website or through a dial-in telephone number at (877) 407- 8029 or (201) 689-8029; conference ID #13754984. Huntington will host a conference call to review quarterly financial results on Friday, July 18, 2025 at 9 a.m. Eastern Time. The second quarter 2025 earnings conference call, along with slides