Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 63

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 63
---
 evening of July 13, 2025, each of Huntington and Veritex executed the merger agreement. Veritex’s Reasons for the Merger; Recommendation of Veritex’s Board of Directors In reaching its decision to adopt the merger agreement and approve the merger and the other transactions contemplated by the merger agreement, and to recommend that its shareholders approve the merger agreement and the merger, the Veritex board of directors evaluated the merger agreement, the merger and the other transactions and arrangements contemplated by and in connection with the merger agreement in consultation with Veritex’s management, as well as Veritex’s financial and legal advisors, and considered a number of factors, including the following factors:

| • | each of Veritex’s and Huntington’s business, operations, financial condition, stock performance, asset quality, earnings and prospects. In reviewing these factors, including the information obtained through |

37

TABLE OF CONTENTS

due diligence, the Veritex board of directors considered that Huntington’s and Veritex’s respective business, operations and risk profile complement each other and that the companies’ separate earnings and prospects, and the synergies and scale potentially available in the proposed transaction, create the opportunity for the combined company to leverage complementary and diversified revenue streams and to have superior future earnings and prospects compared to Veritex’s earnings and prospects on a standalone basis;

| • | the ability to leverage the scale and financial capabilities of the combined company to make further investments in innovation and technology to better manage risk and provide enhanced customer offerings and service across business lines; |

| • | the combined company’s position as one of the largest financial services organizations based in the United States in terms of market capitalization, loans, deposits and net income; |

| • | that the combined company’s expanded distribution channels and scale positions it to serve an expanded customer base through a distinctive customer experience while driving enhanced financial performance; |

| • | the ability of the combined company to leverage Huntington’s broader product and services offering, as well as its award-winning digital capabilities, across the expanded combined customer base and the complementary nature of Veritex’s community banking, which will support Huntington’s existing commercial efforts; |

| • | the fact that the combined company plans to remain connected and invested in Texas, where Veritex was founded nearly fifteen years ago, with Texas metropolitan statistical areas remaining as centers of influence for the combined company following the merger; |

| • | the commitment of Huntington to leverage Veritex’s strong team of employees and deep local relationships to drive