Huntington's Growth Play: Can Expansion Efforts Fuel Profitability?
HuntingtonHuntington(US:HBAN) ZACKS·2025-10-01 18:21

Group 1: Huntington Bancshares Expansion - Huntington Bancshares has entered a definitive agreement to acquire Veritex Holdings, expected to close in Q4 2025, adding approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits [1][9] - The company has previously acquired Capstone Partners and Torana to enhance its capital markets and digital capabilities, respectively, and completed a merger with TCF Financial to become one of the top 25 U.S. bank holding companies [2][9] - Huntington is advancing its multi-year strategy to expand commercial banking in key growth markets, launching operations in Charlotte and planning to hire over 350 employees and open 55 branches in the next five years [3][4] Group 2: Other Firms' Expansion Efforts - First Financial Bancorp agreed to acquire BankFinancial Corporation in an all-stock transaction valued at approximately $142 million to strengthen its footprint in the Chicagoland market [5][6] - Glacier Bancorp entered a definitive agreement to acquire Guaranty Bancshares for $476.2 million, capitalizing on Texas's robust economy and enhancing its community banking commitment [7][8]