Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 77

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 77
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44

TABLE OF CONTENTS

KBW’s analysis showed the following concerning the financial performance of Veritex and the selected companies:

|                                                         |     |                 |     | Selected Companies |     |        |     |         |     |            |
|                                                         |     | Veritex(1)      |     | 25th               
 Percentile         |     | Median |     | Average |     | 75th       
 Percentile |
| 2025Q1 Core Return on Average Assets(2)                 |     | 0.97% | 1.06%   |     | 1.03%              |     | 1.05%  |     | 1.04%   |     | 1.11%      |
| 2025Q1 Core Return on Average Tangible Common Equity(2) |     | 10.25% | 10.76% |     | 10.36%             |     | 11.33% |     | 11.27%  |     | 13.49%     |
| 2025Q1 Net Interest Margin                              |     | 3.31% | 3.33%   |     | 3.17%              |     | 3.44%  |     | 3.49%   |     | 3.81%      |
| 2025Q1 Fee Income / Revenue(3)                          |     | 12.5% | 12.3%   |     | 14.4%              |     | 16.0%  |     | 14.3%   |     | 16.5%      |
| 2025Q1 Noninterest Expense / Average Assets             |     | 2.14% | 2.08%   |     | 2.59%              |     | 2.50%  |     | 2.28%   |     | 2.10%      |
| 2025Q1 Efficiency Ratio                                 |     | 59.1% | 58.9%   |     | 61.7%              |     | 61.6%  |     | 59.1%   |     | 56.3%      |

| (1) | First metric was as of or for the quarter ended March 31, 2025 and second metric was based on preliminary financials provided by