Company: HBAN
Filing Date: 2025-12-29
Form Type: 425
Source: 0001140361-25-046771
Chunk: 4

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-29
Form: 425
Chunk 4
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 Advisor” is hereby supplemented by amending and restating the 
 table of selected transactions:                                                                                                                                                              |

| Acquiror                               | Acquired Company                      | Announcement Date |
| The PNC Financial Services Group, Inc. | FirstBank Holding Company             | 9/8/2025          |
| Columbia Banking System, Inc.          | Pacific Premier Bancorp, Inc.         | 4/23/2025         |
| SouthState Corporation                 | Independent Bank Group, Inc.          | 5/20/2024         |
| U.S. Bancorp                           | MUFG Union Bank, National Association | 9/21/2021         |
| Citizens Financial Group, Inc.         | Investors Bancorp, Inc.               | 7/28/2021         |
| New York Community Bancorp, Inc.       | Flagstar Bancorp, Inc.                | 4/26/2021         |
| M&T Bank Corporation                   | People’s United Financial, Inc.       | 2/22/2021         |
| Huntington Bancshares Incorporated     | TCF Financial Corporation             | 12/13/2020        |

| 5. | The disclosure on page 84 of the joint proxy statement/prospectus under the section “The Merger—Opinion of Cadence’s Financial Advisor” is hereby supplemented by adding the following 
 paragraph below the carryover table:                                                                                                                                                   |

The low and high price-to-tangible book value per share multiples of the selected transactions in the “Selected Transactions Analysis” were 0.99x and 2.34x, respectively, the low and high pay-to-trade ratios of the selected transactions were 0.56x and 1.18x, respectively, the low and high price-to-LTM Core EPS multiples of the selected transactions were 3.8x and 21.3x, respectively, and the low and high core deposit premiums of the selected transactions were (0.0%) and 10.6%, respectively. For the six selected transactions in which FWD EPS for the acquired company was available at announcement, the low and high price-to-FWD EPS multiples of the selected transactions were 8.9x and 14.2x, respectively. For the six selected transactions in which the acquired company was publicly traded, the low and high one-day market premiums (based on the closing price of the acquired company on the trading day immediately prior to announcement) of the selected transactions were 5.7