Company: HBAN
Filing Date: 2025-10-28
Form Type: 425
Source: 0001140361-25-039508
Chunk: 5

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-28
Form: 425
Chunk 5
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.com/marketintelligence                                                                     |   |

CADENCE BANK M&A CALL OCT 27, 2025

Turning to Slide 9. By combining Huntington, Veritex and Cadence, we're building a powerful financial powerhouse in Texas, the eighth largest economy in the world. The state is projected to lead U.S. population growth, adding 2.1 million people by 2031. Based on my own personal experience living in Texas for a time and the experience of other Huntington executives that have spent considerable parts of their career there, we know firsthand that Texas is a significant opportunity. The Texaplex, the triangle between Dallas and Fort Worth to the North, Houston to the Southeast and Austin and San Antonio to the Southwest is a juggernaut of economic growth with approximately 190,000 new households migrating there each year and 53 Fortune 500 companies headquartered in the region. Our pro forma franchise immediately becomes a leading player in the state, with scale and density that position us for accelerated growth. We'll have 144 branches across the state, ranking #9 in Texas for branch count. Our deposit base jumps to $26 billion, making us the #8 bank in Texas by deposits. And as you can see, there's quite a tight grouping in the league table. So with our current growth rate, we're going to expect to be in the top 5 soon. Importantly, as Steve mentioned, in both Dallas and Houston, we will be #5 in terms of deposits. This scale in these markets will provide the springboard for further investment in market share expansion. As I noted, we're excited to have a strong presence in Austin for us to deploy our growth playbook. Cadence brings a significant scale in the Texaplex. And we will invest to augment that position with additional local branch presence and significant commercial middle market growth. As you know, we closed our Veritex combination last week, and we could not be happier with the colleagues that have joined us, and frankly, the momentum our combined are already seeing in the market. This combination with Cadence is highly complementary with Veritex in several important ways. First of all, Veritex has strong density in Dallas, whereas Cadence has significant presence in Houston and Central Texas. Veritex has tremendous strength in commercial lending, while Cadence will increase our consumer bank presence. These 2 partnerships powerfully build out our Texaplex presence with a highly complementary customer composition. Now let me turn it over to Zach to unpack the financials