Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 108

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 108
---
 entered into or amended in connection with the merger agreement. Evercore’s opinion did not address the relative merits of the merger as compared to other business or financial strategies that might have been available to Huntington, nor did it address the underlying business decision of Huntington to engage in the merger. Evercore did not express any view on, and its opinion did not address, what the value of Huntington common stock actually will be when issued or the prices at which Huntington common stock will trade at any time, including following announcement or consummation of the merger, as to the potential effects of volatility in the credit, financial and stock markets on Huntington or as to the impact of the merger on the solvency or viability of Huntington or the ability of Huntington to pay its obligations when they come due. Evercore’s opinion did not constitute a recommendation to the Huntington board of directors or to any other persons in respect of the merger, including as to how any holder of shares of Huntington common stock should vote or act in respect of the merger. Evercore did not express any opinion as to the prices at which shares of Cadence common stock will trade at any time, as to the potential effects of volatility in the credit, financial and stock markets on Cadence or the merger or as to the impact of the merger on the solvency or viability of Cadence or the ability of Cadence to pay its obligations when they come due. Evercore is not legal, regulatory, accounting or tax experts and assumed the accuracy and completeness of assessments by Huntington and its advisors with respect to legal, regulatory, accounting and tax matters. Set forth below is a summary of the material financial analyses reviewed by Evercore with the Huntington board of directors on October 26, 2025 in connection with rendering its opinion. The following summary, however, does not purport to be a complete description of the analyses performed by Evercore. The order of the analyses described and the results of these analyses do not represent relative importance or weight given to these analyses by Evercore. Except as otherwise noted, the following quantitative information, to the extent that it is based on market data, is based on market data that existed on or before October 24, 2025, and is not necessarily indicative of current market conditions. For purposes of its analyses and reviews, Evercore considered general business, economic, market and financial conditions, industry sector performance, and other matters, as they existed and could be evaluated as of the date of its opinion, many of which are beyond the control of Huntington. The estimates