Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 292

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 292
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 of Directors — Veritex Holdings, Inc.

July 13, 2025

Page 2 of 5

In connection with this opinion, we have reviewed, analyzed and relied upon material bearing upon the financial and operating condition of Veritex and Huntington and bearing upon the Merger, including among other things, the following: (i) an execution version of the Agreement dated July 13, 2025; (ii) the audited financial statements and the Annual Reports on Form 10-K for the three fiscal years ended December 31, 2024 of Veritex; (iii) the unaudited quarterly financial statements and the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 of Veritex; (iv) certain draft and unaudited financial results for the fiscal quarter ended June 30, 2025 of Veritex (provided by Veritex); (v) the audited financial statements and the Annual Reports on Form 10-K for the three fiscal years ended December 31, 2024 of Huntington; (vi) the unaudited quarterly financial statements and the Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 of Huntington; (vii) certain draft and unaudited financial results for the fiscal quarter ended June 30, 2025 of Huntington (provided by Huntington); (viii) certain regulatory filings of Veritex and Huntington and their respective subsidiaries, including, as applicable, the quarterly reports on Form FR Y-9C and the quarterly call reports required to be filed (as the case may be) with respect to each quarter during the three-year period ended December 31, 2024 as well as the quarter ended March 31, 2025; (ix) certain other interim reports and other communications of Veritex and Huntington to their respective shareholders and stockholders; and (x) other financial information concerning the businesses and operations of Veritex and Huntington furnished to us by Veritex and Huntington or which we were otherwise directed to use for purposes of our analyses. Our consideration of financial information and other factors that we deemed appropriate under the circumstances or relevant to our analyses included, among others, the following: (i) the historical and current financial position and results of operations of Veritex and Huntington; (ii) the assets and liabilities of Veritex and Huntington; (iii) the nature and terms of certain other merger transactions and business combinations