Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 81

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 81
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              |     | 12.6x  |     | 12.4x   |     | 12.8x      |
| Price / 2026 EPS Estimate             |     | 10.8x         |     | 10.1x              |     | 10.7x  |     | 10.6x   |     | 10.9x      |
| Dividend Yield                        |     | 3.6%          |     | 2.9%               |     | 3.5%   |     | 3.1%    |     | 3.9x       |
| LTM Dividend Payout Ratio             |     | 47.3% | 45.9% |     | 36.2%              |     | 46.3%  |     | 37.5%   |     | 47.6%      |

| (1) | As applicable, first metric was as of or for the 12-month period ended March 31, 2025 and second metric was based on preliminary financials provided by Huntington management as of or for the 12-month period ended June 30, 2025. |

No company used as a comparison in the above selected companies analysis is identical to Huntington. Accordingly, an analysis of these results is not mathematical. Rather, it involves complex considerations and judgments concerning differences in financial and operating characteristics of the companies involved. Selected Transactions Analysis. KBW reviewed publicly available information related to fourteen (14) selected U.S. bank transactions announced since January 1, 2021 with announced deal values between $1 billion and $3 billion and acquired company LTM return on average assets of not less than 0.0%. The selected transactions were as follows:

| Acquiror                              |     | Acquired Company                 |
| Columbia Banking System, Inc.         |     | Pacific Premier Bancorp, Inc.    |
| Berkshire Hills Bancorp, Inc.         |     | Brookline Bancorp, Inc.          |
| Old National Bancorp                  |     | Bremer Financial Corporation     |
| Atlantic Union Bankshares Corporation |     | Sandy Spring Bancorp, Inc.       |
| Renasant Corporation                  |     | The First Bancshares, Inc.       |
| SouthState Corporation                |     | Independent Bank Group, Inc.     |
| UMB Financial Corporation             |     | Heartland Financial USA, Inc.    |
| Provident