Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 101

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 101
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 company’s board of directors would include three (3) legacy Cadence directors, including Mr. Rollins, and that Mr. Rollins would serve as non-executive vice chairman of the Board of Directors of Huntington and Huntington National Bank, each of which the Cadence board of directors believes enhances the likelihood that the strategic benefits Cadence expects to achieve as a result of the merger will be realized; |

| • | the fact that Huntington has committed to honor Cadence’s existing community foundation contributions; |

| • | its knowledge of the current environment in the financial services industry, including economic conditions and the interest rate and regulatory environments, increased operating costs resulting from regulatory and compliance mandates, increasing competition from both banks and non-bank financial and financial technology firms, current financial market conditions and the likely effects of these factors on Cadence’s and the combined company’s potential growth, development, productivity and strategic options; |

| • | its views with respect to other strategic options potentially available to Cadence, including continuing as a standalone company and a transaction with another potential acquiror or merger partner; |

| • | the exchange ratio in relation to the respective earnings contributions of Cadence and Huntington; |

| • | Huntington’s record of integrating acquisitions and of realizing expected financial and other benefits of such acquisitions; |

| • | 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