Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 99

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 99
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 diligence on Huntington, the Cadence board of directors considered that Huntington’s and Cadence’s respective business, operations and risk profile complement each other and that the companies’ separate earnings and prospects, and the synergies and scale potentially available in the proposed transaction, create the opportunity for the combined company to leverage complementary and diversified revenue streams and to have superior future earnings and prospects compared to Cadence’s earnings and prospects on a stand-alone basis; |

| • | the ability to leverage the scale and financial capabilities of the combined company to better manage risk and provide enhanced customer offerings and services across business lines; |

| • | the combined company’s position as one of the largest financial services organizations based in the United States in terms of market capitalization, loans, deposits and net income; |

| • | that the combined company’s expanded distribution channels and scale position it to serve an expanded customer base through a distinctive customer experience while driving enhanced financial performance; |

| • | the ability of the combined company to leverage Huntington’s broader product and services offering, as well as its award-winning digital capabilities, across the expanded combined customer base and the complementary nature of Cadence’s and Huntington’s businesses; |

| • | the fact that, upon the closing, the combined company’s board of directors would include three (3) legacy Cadence directors, including Mr. Rollins, and that Mr. Rollins would serve as non-executive vice chairman of the Board of Directors of Huntington and Huntington National Bank, each of which the Cadence board of directors believes enhances the likelihood that the strategic benefits Cadence expects to achieve as a result of the merger will be realized; |

| • | the fact that Huntington has committed to honor Cadence’s existing community foundation contributions; |

| • | its knowledge of the current environment in the financial services industry, including economic conditions and the interest rate and regulatory environments, increased operating costs resulting from regulatory and compliance mandates, increasing competition from both banks and non-bank financial and financial technology firms, current financial market conditions and the likely effects of these factors on Cadence’s and the combined company’s potential growth, development, productivity and strategic options; |

| • | its views with respect to other strategic options potentially available to Cadence, including continuing as a standalone company and a transaction with another potential acquiror or merger partner; |

| • | the exchange ratio in relation to the respective earnings contributions of Cadence and Huntington; |

| • | Huntington’s record of integrating acquisitions and of realizing expected financial and other benefits of such acquisitions; |