Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 147

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 147
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 |       |     |       |     |       |
| Risk-Weighted Assets ($ billions) |     | $41.9 |     | $43.7 |     | $45.6 |     | $47.9 |     | $50.3 |     | $52.8 |

The above forecasts were calculated as follows:

| • | Net Income Available to Common: Reflects consensus Wall Street research estimates for 2025 through 2027 and extrapolated thereafter assuming 7% annual growth in 2028 through 2030. |

| • | Earnings Per Share: Reflects consensus Wall Street research estimates for 2025 through 2027 and extrapolated thereafter assuming 7% annual growth in 2028 through 2030. |

| • | Total Assets: Reflects consensus Wall Street research estimates for 2025 through 2027 and extrapolated thereafter assuming 5% annual growth in 2028 through 2030. |

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TABLE OF CONTENTS

Certain Estimated Synergies Attributable to the Merger Huntington management developed and provided to its boards of directors certain prospective financial information relating to the anticipated cost synergies to be realized by Huntington beginning in 2026. Such prospective financial information also was provided to Evercore and approved by Huntington for Evercore’s use and reliance, in connection with its financial analysis and opinion as described in this joint proxy statement/prospectus in the section entitled “The Merger—Opinion of Huntington’s Financial Advisor.” The following table presents the after-tax cost savings attributable to the merger from 2026 through 2030. The cost synergies of $288 million in after-tax net income consisted of estimated after-tax cost savings equal to 30% of Cadence’s forecasted cash noninterest expenses, phased in 75% during 2026 and 100% in 2027. The cost synergies assumed a hypothetical April 1, 2026 closing date for the merger.

| ($ in millions)                      |     |  2026E |     | 2027E |     | 2028E |     | 2029E |     | 2030E |
| Cost Synergies (after-tax)           |     |   $156 |     |  $288 |     |  $298 |     |  $308 |     |  $319 |
| One-Time Merger Expenses (after-tax) |     | $(409) |     | $(30) |     |