Company: HBAN
Filing Date: 2025-07-14
Form Type: 425
Source: 0001140361-25-025734
Chunk: 23

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-14
Form: 425
Chunk 23
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 Opportunities $9B Loans $11B Deposits ~90 Bankers Commercial Relationship-Based Offerings ★ Deep Local Relationships ★ Well-Respected Bankers ★ Commercial Middle-Market Focus ★ C&I, CRE and Specialty Businesses ★ Highly Visible Golf Partnerships Leveraging Consumer Relationships and Existing Branch Network Expanding Fee Based Opportunities in Veritex’s Customer Set Guaranteed Lending & Specialty Verticals Corporate Banking, Specialty Verticals & Asset Finance Commercial Offices Full Suite of Branch and Digital Banking Highly Visible Golf Partnerships Wealth & Investment Management Commercial Payments Offerings Full Suite of Payments Capabilities Local Relationship-Based Banking Regional Middle-Market Banking Capstone, Capital Markets CRE and Homebuilder Programs Mortgage Ecosystem 10

3rd Largest State by Loans and Deposits Low Risk, Financially Attractive Transaction Source: Company Documents, FactSet, S&P Global Market Intelligence; Note: Data as of March 31, 2025; Market data as of July 11, 2025 1 Assumes fully realized synergies of 25% of Veritex’s 2026E non-interest expense; 2 Crossover method earn-back 4 Powerful Pro Forma Texas Franchise $15B Total Loans $13B Total Deposits ~200 Total Bankers Modestly accretive to EPS and ROTCE Neutral to regulatory capital at close Minimally dilutive to tangible book value per share, with an earn-back of ~1 year2 Exceeds IRR Hurdle Pro Forma Financial Impacts Largely Neutral Structure and Consideration Consideration Mix – 100% common stock Fixed exchange ratio – Veritex shareholders will receive 1.95 Huntington shares for each Veritex share Pro forma ownership – 93% Huntington / 7% Veritex Transaction Value and Multiples Aggregate Consideration – $1.9 billion Price / TBVPS – 1.52x Price / 2026E Consensus EPS – 14.3x Price / Syn. Consensus 2026E EPS – 10.2x1 Expected Closing Approvals – subject to approvals from Veritex shareholders and customary regulatory approvals Closing – estimated in 4Q25 Leadership and Community Leadership – Malcolm Holland to be Chairman of Texas Community – continue to support Texas communities by funding $10 million toward philanthropic investments there 10

Huntington’s Rigorous Approach to M&A and Due Diligence Due Diligence Snapshot Due Diligence Focus Areas By the Numbers ~400 professionals, including advisors and consultants 100%