Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 99

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 99
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60

TABLE OF CONTENTS

| • | Huntington’s past record of integrating mergers and of realizing projected financial goals and benefits of acquisitions and the strength of Huntington’s management and infrastructure to successfully complete the integration process. |

The Huntington board of directors also considered potential risks related to the merger but concluded that the anticipated benefits of the merger were likely to outweigh these risks. These potential risks include:

| • | the regulatory and other approvals required in connection with the merger and the risk that such regulatory approvals may not be received in a timely manner or at all or may impose unacceptable conditions; |

| • | the possibility of encountering difficulties in achieving anticipated synergies and cost savings in the amounts estimated or in the timeframe contemplated; |

| • | the possibility of encountering difficulties in successfully integrating Huntington’s and Cadence’s business, operations and workforce; |

| • | the risk of losing key Huntington or Cadence employees during the pendency of the merger and thereafter; |

| • | the dilution to current Huntington shareholders from the issuance of additional shares of Huntington common stock in the merger; |

| • | certain anticipated merger-related costs; |

| • | the possible diversion of management attention and resources from the operation of Huntington’s business towards the completion of the merger; |

| • | the potential for legal claims challenging the merger; and |

| • | the other risks described under the sections entitled “Risk Factors” beginning on page34and “Cautionary Statement Regarding Forward-Looking Statements” beginning on page31. |

The foregoing discussion of the information and factors considered by the Huntington board of directors is not intended to be exhaustive, but includes the material factors considered by the Huntington board of directors. In reaching its decision to approve the merger agreement, the merger, and the other transactions contemplated by the merger agreement, the Huntington board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Huntington board of directors considered all these factors as a whole, including through its discussions with Huntington’s management and financial and legal advisors, in evaluating the merger agreement, the merger, and the other transactions contemplated by the merger agreement. For the reasons set forth above, the Huntington board of directors determined that the merger, the merger agreement and the other transactions contemplated by the merger agreement are advisable and fair to and in the best interests of Huntington and its shareholders, and adopted and approved the merger agreement, the merger and the other transactions contemplated thereby. It should