Huntington Bancshares (HBAN) Enters Into a Definitive Agreement to Acquire Cadence Bank

Core Viewpoint - Huntington Bancshares Incorporated (NASDAQ:HBAN) has announced a definitive agreement to acquire Cadence Bank, a significant move aimed at enhancing its market position and growth potential [1][2]. Group 1: Acquisition Details - The acquisition of Cadence Bank, valued at $53 billion, represents a strategic milestone for Huntington Bancshares [1]. - This partnership, along with the previous acquisition of Veritex Community Bank, will position Huntington as the 5th largest in deposit market share in Dallas and Houston, and 8th in Texas overall [2]. Group 2: Strategic Growth and Market Position - The acquisition is expected to provide Huntington Bancshares with a foothold in high-growth markets, facilitating further organic growth and investment opportunities [3]. - The company plans to maintain Cadence's extensive branch network without closures, focusing on investments to strengthen its operational model [4]. Group 3: Financial Performance - Huntington Bancshares highlighted that its Q3 2025 results reflect the strength of its differentiated operating model, driven by targeted growth investments and effective execution of core strategies [4].