Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 122

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 122
---
 a fee for its services in the aggregate amount of approximately $35.0 million, of which (1) $2.0 million was payable upon delivery of Evercore’s opinion and is fully creditable against any fee payable upon the consummation of the merger and (2) approximately $33.0 million will be payable contingent upon the consummation of the merger. Huntington has also agreed to reimburse Evercore for its expenses and to indemnify Evercore against certain liabilities arising out of its engagement.

During the two-year period prior to the date hereof, Evercore and its affiliates have provided financial advisory or other services to Huntington and received fees for the rendering of these services in the amount of approximately $10 million. In addition, during the two-year period prior to the date hereof, Evercore and its affiliates have not been engaged to provide financial advisory or other services to Cadence and have not received any compensation from Cadence during such period. Evercore may provide financial advisory or other services to Huntington and Cadence in the future, and in connection with any such services Evercore may receive compensation.

Evercore and its affiliates engage in a wide range of activities for its and their own accounts and the accounts of customers, including corporate finance, mergers and acquisitions, equity sales, trading and research, private equity, placement agent, asset management and related activities. In connection with these businesses or otherwise, Evercore and its affiliates and/or its or their respective employees, as well as investment funds in which any of them may have a financial interest, may at any time, directly or indirectly, hold long or short positions and may trade or otherwise effect transactions for their own accounts or the accounts of customers, in debt or equity securities, senior loans and/or derivative products or other financial instruments of or relating to Huntington, Cadence, potential parties to the merger and/or any of their respective affiliates or persons that are competitors, customers or suppliers of Huntington or Cadence.

Huntington engaged Evercore to act as a financial advisor based on Evercore’s qualifications, experience and reputation. Evercore is an internationally recognized investment banking firm and regularly provides fairness opinions in connection with mergers and acquisitions, leveraged buyouts and valuations for corporate and other purposes.

### Opinion of Cadence’s Financial Advisor
Cadence engaged KBW to render financial advisory and investment banking services to Cadence, including an opinion to the Cadence board of directors as to the fairness, from a financial point of view, to the common stockholders of Cadence of the