Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 106

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 106
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 and the historical trading activity of Cadence common stock and Huntington common stock; |

| • | compared the financial performance of Cadence and Huntington and their respective stock market trading multiples with those of certain other publicly traded companies that Evercore deemed relevant; |

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| • | compared the financial performance of Cadence and the valuation multiples relating to the merger with the financial terms, to the extent publicly available, of certain other transactions that Evercore deemed relevant; |

| • | performed such other analyses and examinations and considered such other factors that Evercore deemed appropriate. |

For purposes of Evercore’s analysis and opinion, Evercore assumed and relied upon the accuracy and completeness of the financial and other information publicly available, and all of the information supplied or otherwise made available to, discussed with, or reviewed by Evercore, without any independent verification of such information (and did not assume responsibility or liability for any independent verification of such information), and further relied upon the assurances of the management of Huntington that they were not aware of any facts or circumstances that would make such information inaccurate or misleading. With respect to the Forecasts, including the Synergies, Evercore assumed with the consent of the Huntington board of directors that they were reasonably prepared on bases reflecting the best currently available estimates and good faith judgments of the management of Huntington as to the future financial performance of Huntington and Cadence and the other matters covered thereby. Evercore relied, at the direction of Huntington, on the assessments of the management of Huntington as to Huntington’s ability to achieve the Synergies and were advised by Huntington, and assumed with the consent of the Huntington board of directors that the Synergies would be realized in the amounts and at the times projected. Evercore expressed no view as to the Forecasts, including the Synergies, or the assumptions on which they were based. For purposes of Evercore’s analysis and opinion, Evercore assumed, in all respects material to its analysis, that the final executed merger agreement would not differ from the draft merger agreement reviewed by Evercore, that the representations and warranties of each party contained in the merger agreement were true and correct, that each party would perform all of the covenants and agreements required to be performed by it under the merger agreement and that all conditions to the consummation of the merger would be satisfied without waiver or modification thereof. Evercore is not an expert in the evaluation of loan and lease portfolios for purposes of assessing the adequacy of the allowances and marks for losses with respect thereto and,