Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 125

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 125
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ence with soliciting indications of interest from third parties regarding a potential transaction with Cadence. In conducting its review and arriving at its opinion, KBW relied upon and assumed the accuracy and completeness of all of the financial and other information that was provided to or discussed with KBW or that was publicly available and KBW did not independently verify the accuracy or completeness of any such information or assume any responsibility or liability for such verification, accuracy or completeness. KBW relied upon the management of Cadence as to the reasonableness and achievability of the publicly available consensus “street estimates” of Cadence and the assumed Cadence long-term growth rates referred to above (and the assumptions and bases therefor), and KBW assumed that all such information was reasonably prepared and represented, or in the case of the Cadence “street estimates” referred to above that such estimates were consistent with, the best currently available estimates and judgments of Cadence management and that the forecasts, projections and estimates reflected in such information would be realized in the amounts and in the time periods estimated. KBW further relied, with the consent of Cadence, upon Huntington management as to the reasonableness and achievability of the financial and operating forecasts and projections of Huntington and the estimates regarding certain pro forma financial effects of the merger on Huntington (including, without limitation, the cost savings expected to result or be derived from the merger), all as referred to above (and the assumptions and bases for such forecasts, projections and estimates), and KBW assumed that such forecasts, projections and estimates were reasonably prepared and represented the best currently available estimates and judgments of Huntington management and that such forecasts, projections and estimates would be realized in the amounts and in the time periods estimated by such management. It is understood that the portion of the foregoing financial information of Cadence and Huntington that was provided to KBW was not prepared with the expectation of public disclosure and that all the foregoing financial information, including the publicly available consensus “street estimates” of Cadence referred to above, was based on numerous variables and assumptions that are inherently uncertain and, accordingly, actual results could vary significantly from those set forth in such information. KBW assumed, based on discussions with the respective managements of Cadence and Huntington and with the consent of the Cadence board of directors, that all such information provided a reasonable basis upon which KBW could form its opinion and KBW expressed no view as to any such information or the assumptions or bases therefor. KBW relied on all such information without independent verification or analysis and did not