Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 132

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 132
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 for Huntington and the selected companies. Certain financial data presented in the tables below may not correspond to the data presented in Huntington’s historical financial statements, or the data presented under the section entitled “ The Merger—Opinion of Huntington’s Financial Advisor,” as a result of the different periods, assumptions and methods used to compute the financial data presented. KBW’s analysis showed the following concerning the financial performance of Huntington and the selected companies:

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TABLE OF CONTENTS

|                                                      |     |            |     | Selected Companies |     |        |     |            |     |            |
|                                                      |     | Huntington |     | Average            |     | Median |     | 25th       
 Percentile |     | 75th       
 Percentile |
| MRQ Core Return on Average Assets(1)                 |     | 1.19%      |     | 1.19%              |     | 1.14%  |     | 1.04%      |     | 1.38%      |
| MRQ Core Return on Average Tangible Common Equity(1) |     | 17.6%      |     | 14.9%              |     | 14.5%  |     | 12.4%      |     | 16.9%      |
| MRQ Net Interest Margin                              |     | 3.13%      |     | 3.24%              |     | 3.20%  |     | 3.03%      |     | 3.51%      |
| MRQ Fee Income / Revenue Ratio(2)                    |     | 28.6%      |     | 32.2%              |     | 31.7%  |     | 28.8%      |     | 34.9%      |
| MRQ Efficiency Ratio                                 |     | 57.7%      |     | 58.5%              |     | 58.1%  |     | 61.4%      |     | 55.4%      |

| (1) | Based on core income after taxes and before extraordinary items, excluding gain / (loss) on sale of securities, amortization of intangibles, and nonrecurring items as defined by S&P Capital IQ Pro. |

| (2) | Excluded gain / (loss) on sale of securities. |

KBW’s analysis also showed the following concerning the financial condition