Company: HBAN
Filing Date: 2025-10-28
Form Type: 425
Source: 0001140361-25-039508
Chunk: 15

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 425
Chunk 15
---
 It's a great question. We're expecting a fairly short accretion path for that, about 40% of that coming back in 2026, roughly 35% in '27 and most of the remaining in 2028. Kenneth Michael Usdin Bernstein Autonomous LLP Perfect. And then the next line, there's securities restructuring that happens day 2. Is that included in the EPS accretion? And how can we think about like the magnitude of that and how you think about the earn back on that piece of it? Zachary J. Wasserman CFO & Senior EVP Yes. Good question. And the answer is yes, all of the economics anticipated from that are included in the numbers that we've shared today. Cadence had about $10 billion of securities and our intention is to restructure about 3 -- about 1/3 of it, really to align with our ALM policies and our liquidity requirements for our securities portfolio. That will mean that much of the day 1 mark on the securities portfolio, which was already included in Cadence's AOCI will be traded for just ongoing yield lift. Net-net, over the course of time, I think this is actually a positive NPV, although it does represent a modest drag in the near term on earnings per share, it's about $0.015 of lower earnings per share in 2027, but a longer net cash flow benefit out over the course of time, Ken. And again, included in the 10% EPS accretion that I've shared. Operator We've reached the end of our question-and-answer session. I'd like to turn the floor back over for any further or closing comments. Stephen D. Steinour Chairman, President & CEO Well, thank you all for joining us and really appreciate the interest. The IR team is available. But you can tell, we are very excited about this opportunity to partner with Cadence, and I emphasize the word partner. They are in great markets with scale. There's a lot of long-term growth in these markets that we're going to pursue, and I think will be an important part of the overall contribution to the bank as we grow in the years ahead. We're especially excited about what -- this positioning in Texas. This Texaplex is an incredible economic engine, and we are exactly -- that's exactly where we're positioned as we go forward.

| Copyright © 2025 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved. |