Huntington Bancshares Incorporated · NASDAQ:HBAN
Huntington Bancshares — Merger or Acquisition (July 2025)
17 slides from Huntington Bancshares's merger presentation, Jul 14, 2025
Slide 1: Partnering with Veritex to Accelerate Texas Growth
PARTNERING WITH VERITEX TO ACCELERATE TEXAS GROWTH July 14, 2025
Slide 2: Disclaimer
Disclaimer CAUTION REGARDING FORWARD-LOOKING STATEMENTS The information contained or incorporated by reference in this presentation contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the pr
Slide 3: Disclaimer Cont.
Disclaimer Cont. IMPORTANT ADDITIONAL INFORMATION In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of Veritex and a Prospectus of Huntington, as well as other relevant documents concerning the prop
Slide 4: Strong 2Q25 Preliminary Results; Announcing Partnership with Veritex
Strong 2Q25 Preliminary Results; Announcing Partnership with Veritex Key Metrics Highlights 2Q25 YoY Robust Second Quarter Performance Revenue (FTE)1 $1,954M 7.6% • Delivering on organic growth strategies EPS $0.34 13.3% • Driving strong revenue growth and positive operating leverage Impacts ($0.04)
Slide 5: Generating Growth in the Core and New Initiatives
Generating Growth in the Core and New Initiatives Commercial Banking New Commercial Verticals • Fund Finance • Aerospace & Defense 35% 31% • National Deposits • FIG Capital Markets Commercial Payment • Mortgage Servicing • Native American Revenue Growth1 Revenues Growth1 Financial Services - Deposit
Slide 6: Partnership with Veritex Accelerates Organic Texas Expansion
Partnership with Veritex Accelerates Organic Texas Expansion Strong cultural alignment, Expands presence in dynamic Texas market 11 2 experienced local leadership, deep community relationships Low-risk, financially attractive transaction backed by a proven Enables local delivery of track record of d
Slide 7: Scaling Presence in High-Growth Texas Markets
1 Scaling Presence in High-Growth Texas Markets Texas Nationally by the Numbers Expansion Markets #1 by # of Jobs Created (Added ~220k jobs in past year, ~1.5x next state) Dallas-Fort Worth Houston 4th 11th Largest Deposit Market Largest Deposit Market #2 by # of Fortune 500 Companies (52 companies
Slide 8: Veritex Is the Right Partner to Accelerate Huntington's Texas Growth
2 Veritex Is the Right Partner to Accelerate Huntington’s Texas Growth Company Overview Lending & Deposit Profile Strong Cultural Alignment • Founded in 2010 by CEO Malcolm Holland III Loans Deposits Mortgage To be the Leading People-First, • Headquartered in Dallas, TX Warehouse Other Customer-Cent
Slide 9: Bringing the Full Huntington Franchise to Texas
3 Bringing the Full Huntington Franchise to Texas Veritex’s Areas of Differentiation Today Initial Targeted Synergy Opportunities Strong Local Commercial Franchise Commercial Relationship-Based Offerings $9B ★ Deep Local Relationships Regional Middle-Market Banking Loans Local Relationship-Based Ban
Slide 10: Low Risk, Financially Attractive Transaction
4 Low Risk, Financially Attractive Transaction • Consideration Mix – 100% common stock Powerful Pro Forma Texas Franchise • Fixed exchange ratio – Veritex shareholders will Structure receive 1.95 Huntington shares for each Veritex 3rd and Consideration share • Pro forma ownership – 93% Huntington /
Slide 11: Huntington's Rigorous Approach to M&A and Due Diligence
4 Huntington’s Rigorous Approach to M&A and Due Diligence Huntington is a Partner of Choice Comprehensive Due Diligence Process 1 Disciplined Acquirer Dedication of Company-Wide Resources to Assess Benefits, Risks, and Opportunities Due Diligence Snapshot Due Diligence Focus Areas • Highly selective
Slide 12: Strong Execution & Disciplined Acquisition is Springboard for Growth
Strong Execution & Disciplined Acquisition is Springboard for Growth 1 2 3 Executing Organic Strategy Disciplined Acquirer Springboard for Growth • Multiple growth drivers • Clear strategic fit • Entering new markets and expanding customer relationships • Investment in revenue producing • Cultural a
Slide 13: Appendix
APPENDIX 13 Footer goes here. Go to Insert
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation Average Tangible Common Equity, ROTCE ($ in millions) 2Q24 1Q25 2Q25 Average common shareholders’ equity $16,861 $18,007 $18,559 Less: intangible assets and goodwill 5,685 5,651 5,640 Add: net tax effect of intangible assets 25 19 16 Average tangible common shareholders’ equi
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation Common Equity Tier 1 (CET1) CET1 – AOCI Impact ($ in millions) 2Q24 1Q25 2Q251 Common Equity Tier 1 (A) $14,521 $15,269 $15,539 Add: accumulated other (2,911) (2,422) (2,241) Comprehensive income (loss) (AOCI) Less: cash flow hedge (399) (90) (6) Adjusted Common Equity Tier 1
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible book value per share TBV per Share (in millions , except per share amounts) 2Q24 1Q25 2Q25 Huntington shareholders’ equity $19,515 $20,434 $20,928 Less: preferred stock 2,394 1,989 1,989 Common shareholders’ equity $17,121 $18,445 $18,939 Less: goodwill 5,561 5,561 5
Slide 17: Thank You
THANK YOU Welcome:
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