Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 96

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 96
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, and that it will expand Huntington’s franchise into 21 states including new high-growth markets that the Huntington board of directors believes will create a powerful platform for further organic growth and investment; |

| • | the combined company’s position as one of the largest financial services organizations based in the United States in terms of market capitalization, loans, deposits and net income; |

| • | the financially compelling nature of the transaction, including the expected positive impact on financial metrics, including the expected financial returns, earnings per share accretion, and the expectation that the tangible book value per share dilution from the merger would be earned back within a reasonable period following closing; |

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| • | the Huntington board of directors’ belief that Cadence’s earnings and prospects, and the synergies potentially available in the proposed merger, would significantly improve Huntington’s market position, increase scale and provide greater revenue growth opportunities and would create the opportunity for superior future earnings and prospects compared to Huntington’s earnings and prospects on a stand-alone basis; |

| • | the complementary nature of the cultures of the two companies, including with respect to Cadence’s relationship-first, community based approach to banking that aligns with Huntington’s values and local approach to banking, and the Huntington board of directors’ belief that the complementary cultures will facilitate the successful integration and implementation of the transaction; |

| • | the complementary nature of the products, customers and geographic markets of the two companies, which Huntington believes should provide the opportunity to mitigate risks and increase potential returns; |

| • | the ability to bring Huntington’s leading digital capabilities and broader range of products and services to Cadence’s customers and communities; |

| • | the expanded possibilities for growth that would be available to Huntington following the merger, given its larger size, asset base, capital and footprint; |

| • | the expectation of significant cost savings resulting from the merger; |

| • | the terms of the merger and the fact that the exchange ratio is fixed, with no adjustment in the merger consideration to be received by Cadence shareholders as a result of possible increases or decreases in the trading price of Cadence or Huntington stock following the announcement of the merger, which the Huntington board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • | the fact that following the merger, Huntington’s board of directors would include three (3) current Cadence directors, including Mr. Rollins,