Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 402

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 402
---
 based on such discussions, at the direction of Cadence management and with the consent of the Board; and (viii) estimates regarding certain pro forma financial effects of the Merger on Huntington (including, without limitation, the cost savings expected to result or be derived from the Merger) that were prepared by Huntington management, provided to and discussed with us by such management and used and relied upon by us based on such discussions, at the direction of Cadence management and with the consent of the Board. We have also performed such other studies and analyses as we considered appropriate and have taken into account our assessment of general economic, market and financial conditions and our experience in other transactions, as well as our experience in securities valuation and knowledge of the banking industry generally. We have not been requested to assist, and have not assisted, Cadence with soliciting indications of interest from third parties regarding a potential transaction with Cadence.

In conducting our review and arriving at our opinion, we have relied upon and assumed the accuracy and completeness of all of the financial and other information that was provided to or discussed with us or that was publicly available and we have not independently verified the accuracy or completeness of any such information or assumed any responsibility or liability for such verification, accuracy or completeness. We have relied upon the management of Cadence as to the reasonableness and achievability of the publicly available consensus “street estimates” of Cadence and the assumed Cadence long-term growth rates referred to above (and the assumptions and bases therefor), and we have assumed that all such information has been reasonably prepared and represents, or in the case of the Cadence “street estimates” referred to above that such estimates are consistent with, the best currently available estimates and judgments of Cadence management and that the forecasts, projections and estimates reflected in such information will be realized in the amounts and in the time periods currently estimated. We have further relied, with the consent of Cadence, upon Huntington management as to the reasonableness and achievability of the financial and operating forecasts and projections of Huntington and the estimates regarding certain pro forma financial effects of the Merger on Huntington (including, without limitation, the cost savings expected to result or be derived from the Merger), all as referred to above (and the assumptions and bases for such forecasts, projections and estimates), and we have assumed that such forecasts,

<div align='center'>C-2</div>

#### TABLE OF CONTENTS
projections and estimates have been reasonably prepared and represent the best currently available estimates and judgments of Huntington