Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 100

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 100
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| • | the anticipated pro forma financial results of the merger for the combined company, including earnings, earnings per share accretion, dividends, including the substantial increase in dividend income to stockholders, return on equity, tangible book value, asset quality, operational efficiency, liquidity and regulatory capital levels; |

| • | the complementary nature of Cadence’s and Huntington’s businesses and prospects given the markets they serve and products they offer, and the expectation that the transaction would provide economies of scale, expanded product offerings, cost savings opportunities and enhanced opportunities for growth; |

| • | its belief that Cadence and Huntington have limited geographic overlaps, which would promote continuity with team members and customers and thereby limit distractions and other costs which could otherwise interfere with the combined enterprise’s ability to realize the anticipated benefits of the merger; |

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| • | its belief that the two companies’ purpose-driven corporate cultures are similar and compatible, including with respect to corporate purpose, management philosophy, banking philosophy, strategic focus, client service, credit cultures and community commitment, and the belief that the foregoing would facilitate successful integration and implementation of the transaction; |

| • | Cadence’s and Huntington’s shared views regarding the best approach to combining and integrating the two companies, structured to maximize the potential for synergies and positive impact to local communities and minimize the loss of customers and employees and to further diversify the combined company’s operating risk profile compared to the risk profile of either company on a stand-alone basis; |

| • | its review and discussions with Cadence’s management concerning Cadence’s due diligence examination of the operations, financial condition and regulatory compliance programs and prospects of Huntington; |

| • | the expectation that the required regulatory approvals could be obtained in a timely fashion, including Huntington’s record of obtaining regulatory approvals; |

| • | the expectation that the transaction will be generally tax-free for United States federal income tax purposes to Cadence’s shareholders; |

| • | the fact that the exchange ratio would be fixed, which the Cadence board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction assured that Cadence shareholders would own a specified percentage of the combined company; |

| • | the fact that 100% of the merger consideration would be in the form of Huntington common stock, which would allow Cadence shareholders the opportunity to participate in the future growth and opportunities of the combined enterprise and the anticipated pro forma impact of the merger and otherwise benefit from the financial performance of the combined enterprise