Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Merger or Acquisition (October 2025)
21 slides from Huntington Bancshares's merger presentation, Oct 27, 2025
Slide 1: Partnering with Cadence to Create a Premier Regional Franchise
Slide 2: Disclaimer
Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS. ‘The information contained or incorporated by reference into this presentation may contain certain forward-looking statements, including, but not imited to, certain plans, expectations, goals, projections, and statements about the benefits oft
Slide 3: Disclaimer Cont.
Disclaimer Cont. {All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements epeak only as ofthe date they are made and are based on information available at that time. Neither Huntington nor Cadence assume any ob
Slide 4: Top 10 Bank Positioned for Growth and Value Creation
Top 10! Bank Positioned for Growth and Value Creation ww Fee , Cc Premier Regional Springboard Franchise for Growth Sustainable Compelling Competitive Advantage Financial Returns
Slide 5: Creating a New Multi-Region Powerhouse
Creating a New Multi-Region Powerhouse all ~1,450_ branches spanning 21 states $276B $220B $184B Assets Deposits Loans & Leases of national population within state footprint expected population growth » vs. national average! National Customer Relationships ~~ top major MSAs By projected population g
Slide 6: Customers & Communities, Teammates & Culture, A Better World
Customers & Communities Teammates & Culture A Better World Awards won by Cadence in 2025
Slide 7: Differentiated Operating Model Drives Growth
N D Differentiated Operating Model Drives Growth Delivery of national capabilities locally has proven track record of success in legacy markets and those entered through partnership TCF-augmented marke! 5X an
Slide 8: Cadence is a deposit market share leader with low funding costs
Cadence is a deposit market share leader with low funding costs Huntington will acquire and deepen customer relationships with additional product and service offerings Cadence has an attractive position in higher growth markets with rapid business and household formation Huntington will invest in ca
Slide 9: Leading Texas Presence is a Springboard for Acceleration
Leading Texas Presence is a Springboard for Acceleration 2m Pro forma franchise is scaled market player with enhanced capabilities and substantial growth opportunity Deposit: ewe | OHS JPMorgan Chase $296 Bank of America 182 Wells Fargo: 82 Cullen/Frost a2 Prosperity (proforma) 3t PNG. 28 Texas Capi
Slide 10: Financially Compelling Partnership
Financially Compelling Partnership Structure and Consideration Transaction Value and Multiples' Leadership and Community Expected Closing | + Consideration Mix - 100% common stock + Fixed Exchange Ratio - Cadence shareholders will receive 2.475 Huntington common, ‘shares for each Cadence common shar
Slide 11: Top Tier Financial Performance
Top Tier Financial Performance =o Expense synergies drive earnings power and return on capital 2025E 2027E Peert Peer Peer2 PF [18-19% } : ae Peer4 Peer4 Peers Peers Peer 6 Peeré Peer? Peer? Peer 8 Peer 8 Peer Peer | "
Slide 12: Flywheel for Value Creation
uw Flywheel for Value Creation Partnership accelerates already powerful synergies that drive increased earnings power and returns
Slide 13: Top 10 Bank Positioned for Growth and Value Creation
Top 10! Bank Positioned for Growth and Value Creation Fo eR ee ENE 7 i | Premier Regional Springboard Franchise for Growth Accelerating Net Income Trajectory e [ Sustainable Compelling Competitive Advantage Financial Returns
Slide 14: Appendix
Slide 15: Cadence Overview
Cadence Overview Lending & Deposit Profile Durable Deposit Base $53B Total Asset Loans Deposits ee en as (8) Houston, TX. $75 Other Consume aaa Raa e- cles Ea -- MenphisTN 232s Money Merket Tupelo, MS 24 9 a on Jackson, MS a7 19 #4 Bearing Birmingham, AL 16 18 a7 >390 Pamere! Killeen, TX 14 9 wn Bre
Slide 16: Earnings Estimates and Transaction Assumptions
Earnings Estimates • Synergies • - - • • Merger Expenses • Loan Credit Mark • • Interest Rate & Fair Value Marks • • • • • Core Deposit Intangible • • Other Items • • Capitalization •
Slide 17: Pro Forma Earnings and Tangible Book Value Dilution Reconciliation
Pro Forma Earnings and Tangible Book Value Dilution Reconciliation nm, except per share values) 20276. HBAN net income $2,807 ‘CADE net income 722 ‘Securities rate mark accretion $16 Loan rate mark accretion 302 Liabilities rate mark accretion — Core deposit intangibles amortization (109) Other adju
Slide 18: Due Diligence Review
• • • • • • • • • >500 professionals, including advisors and consultants ~80% review of loan portfolio by balances
Slide 19: Loan Portfolio Composition
18% 31% 39% 12% 44% 3% 14% 20% 19% 46% 17% 23% 17% 27% 47% 9% 39% 28% 32% 1% 21% 47% 7% 26% CRE 4% 10% Lease Financing CRE
Slide 20: Portfolio Composition
23% 16% 10% 10% 9% 7% 7% 4% 4% 10% 13% 10% 8% 7% 6% 6% 5% 6% 5% 4% 29%
Slide 21: Huntington
“t@) Huntington
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